Woodsboro Bank Mortgage Rates, Fees & Info

Woodsboro, MD

LEI: 549300BM1JKSQR7HI756

Tax ID: 52-0535830

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Woodsboro Bank is a smaller bank specializing in Home Purchase and Refi loans. Woodsboro Bank has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Easton, Baltimore, Hagerstown, and Crestview among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Woodsboro Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    57

    Origination Dollar Volume (All Markets)

    $18,025,000

    Employee count

    63

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 41 $13,715,000 $334,512 $0 0.00%
    Easton, MD (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 0.00%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $1,110,000 $185,000 $0 0.00%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 5 $895,000 $179,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Crossville, TN (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Woodsboro Bank's top markets include Washington, Easton, Baltimore, Hagerstown, and Crestview among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Woodsboro Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION,INC.
    Similarity Rank: 636
    NYMEO FEDERAL CREDIT UNION
    Similarity Rank: 697
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 828
    EDUCATIONAL SYSTEMS
    Similarity Rank: 1134
    IDB Global Federal Credit Union
    Similarity Rank: 1182
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1323
    LANGLEY
    Similarity Rank: 1728
    Philadelphia Mortgage Advisors, Inc.
    Similarity Rank: 1798
    PIKE CREEK MORTGAGE SERVICES, INC.
    Similarity Rank: 1995
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED
    Similarity Rank: 2016

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 57 $18,025,000 $316,228 $0 0.00%

    For 2019, Woodsboro Bank's most frequently originated type of loan was Conventional, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 38 $10,660,000 $280,526 $0 0.00%
    Refi 14 $6,550,000 $467,857 $0 0.00%
    Home Improvement 3 $235,000 $78,333 $0 0.00%
    Cash Out Refi 2 $580,000 $290,000 $0 0.00%

    For 2019, Woodsboro Bank's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 57 $18,025,000 $316,228 $0 0.00%

    For 2019, Woodsboro Bank's most frequently cited loan duration was Other, with 57 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 22 $3,470,000 $157,727 $0 0.00%
    $200k-400k 12 $3,360,000 $280,000 $0 0.00%
    $400k-600k 10 $4,900,000 $490,000 $0 0.00%
    $100,000 or less 8 $580,000 $72,500 $0 0.00%
    $600k-1MM 3 $2,405,000 $801,667 $0 0.00%
    $1MM+ 2 $3,310,000 $1,655,000 $0 0.00%

    2019 saw Woodsboro Bank place emphasis on $100k-200k loans with 22 originations, totaling $3,470,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 7 $1,475,000 $210,714 $0 0.00%
    $100k-150k 6 $1,780,000 $296,667 $0 0.00%
    $250k+ 6 $3,440,000 $573,333 $0 0.00%
    $50k or less 4 $750,000 $187,500 $0 0.00%
    $50k-75k 3 $505,000 $168,333 $0 0.00%
    $150k-250k 2 $960,000 $480,000 $0 0.00%

    Woodsboro Bank lent most frequently to those with incomes in the $75k-100k range, with 7 originations. The second most popular income band? $100k-150k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 57 $18,025,000 $316,228 $0 0.00%

    Woodsboro Bank lent most frequently to those with DTI ratios of Exempt%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 29 $9,115,000 $314,310 $0 0.00%
    White 16 $4,700,000 $293,750 $0 0.00%
    Not provided 12 $4,210,000 $350,833 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.31%

    Woodsboro Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.68%

    Woodsboro Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 57 $18,025,000 $316,228

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $3,400,000 $850,000
    Single Family (1-4 Units):Site-Built 53 $14,625,000 $275,943

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Woodsboro Bank 143 Frederick Road Thurmont, MD 21788 Full Service B&M $67,994
    Woodsboro Bank 4-6 West Patrick Street Frederick, MD 21701 Full Service B&M $21,030
    Woodsboro Bank 40 West Patrick Street Frederick, MD 21701 Full Service B&M $24,111
    Woodsboro Bank 5 North Main Street Woodsboro, MD 21798 Full Service B&M $67,428
    Woodsboro Bank 7360 Guilford Drive, Suite 100 Frederick, MD 21704 Full Service B&M $18,357
    Woodsboro Bank 7407 Willow Road Frederick, MD 21702 Full Service B&M $6,009
    Woodsboro Bank 900 East Street Frederick, MD 21701 Full Service B&M $29,662

    For 2019, Woodsboro Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,607
    Net interest income $8,761
    Total noninterest income $1,470
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $524
    Trading account gains and fees $0
    Additional Noninterest Income $946
    Pre-tax net operating income $1,660
    Securities gains (or losses, -) $40
    Income before extraordinary items $1,311
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,311
    Minority interest net income $0
    Net income $1,311
    Sale, conversion, retirement of capital stock, net $-24
    Net operating income $1,279

    Woodsboro Bank's gross interest income from loans was $9,607,000.
    Woodsboro Bank's net interest income from loans was $8,761,000.
    Woodsboro Bank's fee based income from loans was $524,000.
    Woodsboro Bank's net income from loans was $1,311,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $846
    Provision for credit losses $0
    Total noninterest expense $8,571
    Salaries and employee benefits $5,133
    Premises and equipment expense $1,174
    Additional noninterest expense $2,264
    Applicable income taxes $389
    Net charge-offs $-32
    Cash dividends $61

    Woodsboro Bank's interest expense for loans was $846,000.
    Woodsboro Bank's payroll and benefits expense were $5,133,000.
    Woodsboro Bank's property, plant and equipment expenses $1,174,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $237,910
    Deposits held in domestic offices $237,910
    Deposits by Individuals, partnerships, and corporations $234,012
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,721
    Deposits by Commercial banks and other depository institutions in U.S. $177
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $105,945
    Demand deposits $85,263
    Nontransaction accounts $131,965
    Money market deposit accounts (MMDAs) $48,996
    Other savings deposits (excluding MMDAs) $31,999
    Total time deposits $50,970
    Total time and savings deposits $152,647
    Noninterest-bearing deposits $85,263
    Interest-bearing deposits $152,647
    Retail deposits $223,018
    IRAs and Keogh plan accounts $7,337
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $262,655
    Cash & Balances due from depository institutions $10,591
    Interest-bearing balances $5,562
    Total securities $75,402
    Federal funds sold & reverse repurchase $0
    Net loans and leases $165,701
    Loan and leases loss allowance $2,156
    Trading account assets $0
    Bank premises and fixed assets $2,464
    Other real estate owned $655
    Goodwill and other intangibles $0
    All other assets $7,842

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $262,655
    Total Liabilities $238,846
    Total deposits $237,910
    Interest-bearing deposits $152,647
    Deposits held in domestic offices $237,910
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $936

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $165,701
    Loan and leases loss allowance $2,156
    Total loans and leases (domestic) $167,857
    All real estate loans $147,002
    Real estate loans in domestic offices $147,002
    Construction and development loans $14,652
    Residential 1-4 family construction $12,328
    Other construction, all land development and other land $2,324
    Loans secured by nonfarm nonresidential properties $55,693
    Nonfarm nonresidential secured by owner-occupied properties $25,593
    Commercial real estate & other non-farm, non-residential $30,100
    Multifamily residential real estate $13,596
    1-4 family residential loans $59,685
    Farmland loans $3,376
    Loans held in foreign offices $0
    Farm loans $77
    Commercial and industrial loans $18,426
    To non-U.S. addressees $0
    Loans to individuals $1,584
    Credit card loans $0
    Related Plans $178
    Consumer Auto Loans $528
    Other loans to individuals $878
    All other loans & leases $768
    Loans to foreign governments and official institutions $0
    Other loans $415
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $522
    Non 1-4 family restructured loans & leases $404
    Total loans and leases (foreign) $0

    Woodsboro Bank had $165,701,000 of loans outstanding in 2019. $147,002,000 of loans were in real estate loans. $14,652,000 of loans were in development loans. $13,596,000 of loans were in multifamily mortgage loans. $59,685,000 of loans were in 1-4 family mortgage loans. $77,000 of loans were in farm loans. $0 of loans were in credit card loans. $528,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 119 $34,226 $287,613
    Nonfarm, nonresidential loans - <$100k 13 $729 $56,077
    Nonfarm, nonresidential loans - $100-250k 30 $4,560 $152,000
    Nonfarm, nonresidential loans - $250k-1MM 76 $28,937 $380,750
    Commercial & Industrial, US addressed loans - <$1MM 130 $17,939 $137,992
    Commercial & Industrial, US addressed loans - <$100k 47 $2,833 $60,277
    Commercial & Industrial, US addressed loans - $100-250k 53 $6,624 $124,981
    Commercial & Industrial, US addressed loans - $250k-1MM 30 $8,482 $282,733
    Farmland loans - <$1MM 8 $1,352 $169,000
    Farmland loans - $100-250k 5 $638 $127,600
    Farmland loans - $250k-1MM 3 $714 $238,000
    Agriculture operations loans - <$1MM 3 $77 $25,667
    Agriculture operations loans - <$100k 3 $77 $25,667