Woodsboro Bank Mortgage Rates, Fees & Info

Woodsboro, MD

LEI: 549300BM1JKSQR7HI756

Tax ID: 52-0535830

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Baltimore, Hagerstown, Cumberland, and Gettysburg 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. Woodsboro Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    74

    Origination Dollar Volume (All Markets)

    $24,870,000

    Employee count

    57

    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) 61 $20,015,000 $328,115 $4,762 4.09%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $1,985,000 $661,667 $3,873 4.21%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 4 $1,290,000 $322,500 $7,696 3.95%
    Outside of Metro Areas 1 $555,000 $555,000 $0 4.38%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 2 $320,000 $160,000 $0 5.00%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $305,000 $305,000 $8,589 3.88%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.00%
    Crossville, TN (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.75%
    Woodsboro Bank's top markets include Washington, Baltimore, Hagerstown, Cumberland, and Gettysburg among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Pennsylvania (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.

    Poli Mortgage Group, Inc.
    Similarity Rank: 1100
    Beeline Loans, Inc.
    Similarity Rank: 1505
    Kwik Mortgage Corporation
    Similarity Rank: 1602
    IDB Global Federal Credit Union
    Similarity Rank: 1782
    VILLAGE BANK MORTGAGE CORPORATION
    Similarity Rank: 1920
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2052
    Credence Funding Corporation
    Similarity Rank: 2400
    ACNB Bank
    Similarity Rank: 2450
    UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION,INC.
    Similarity Rank: 2842
    U S WIDE FINANCIAL LLC
    Similarity Rank: 2964

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 74 $24,870,000 $336,081 $4,925 4.12%

    For 2020, Woodsboro Bank's most frequently originated type of loan was Conventional, with 74 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 39 $12,715,000 $326,026 $6,355 4.28%
    Refi 35 $12,155,000 $347,286 $3,904 3.94%

    For 2020, Woodsboro Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 23 $11,125,000 $483,696 $4,988 3.80%
    5 Year 16 $3,760,000 $235,000 $0 4.51%
    1 Year 8 $2,200,000 $275,000 $0 4.22%
    10 Year 8 $2,330,000 $291,250 $2,792 4.02%
    15 Year 8 $1,160,000 $145,000 $3,448 4.16%
    Other 7 $2,845,000 $406,429 $0 3.92%
    30+ year 3 $1,345,000 $448,333 $9,331 4.13%
    20 Year 1 $105,000 $105,000 $4,226 6.25%

    For 2020, Woodsboro Bank's most frequently cited loan duration was 30 Year, with 23 originations. The 2nd most popular length was 5 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 27 $10,415,000 $385,741
    $5k+ 7 $3,175,000 $453,571
    $2k-3k 2 $200,000 $100,000

    Woodsboro Bank's average total fees were $4,988, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 27 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 37 $13,575,000 $366,892
    3-4% 32 $10,640,000 $332,500
    2.5-3% 2 $420,000 $210,000
    5-6% 1 $95,000 $95,000
    6-7% 1 $105,000 $105,000
    7-8% 1 $35,000 $35,000

    During 2020, Woodsboro Bank's average interest rate for loans was 3.80%, while their most frequently originated rate bucket for loans was 4-5%, with 37 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 29 $8,245,000 $284,310 $4,367 4.02%
    $100k-200k 20 $3,180,000 $159,000 $3,458 4.17%
    $400k-600k 8 $3,910,000 $488,750 $8,429 4.05%
    $600k-1MM 8 $6,210,000 $776,250 $6,091 3.89%
    $100,000 or less 7 $485,000 $69,286 $3,349 4.62%
    $1MM+ 2 $2,840,000 $1,420,000 $5,730 4.38%

    2020 saw Woodsboro Bank place emphasis on $200k-400k loans with 29 originations, totaling $8,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 15 $4,495,000 $299,667 $5,937 4.08%
    $100k-150k 10 $2,880,000 $288,000 $4,736 3.75%
    $250k+ 7 $5,615,000 $802,143 $5,295 4.11%
    $50k-75k 7 $1,405,000 $200,714 $3,306 3.80%
    $75k-100k 4 $880,000 $220,000 $5,081 5.25%

    Woodsboro Bank lent most frequently to those with incomes in the $150k-250k range, with 15 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 10 $3,880,000 $388,000 $4,978 3.78%
    20-30% 5 $1,535,000 $307,000 $5,801 3.70%
    42% 4 $1,310,000 $327,500 $3,766 4.31%
    45% 3 $415,000 $138,333 $3,452 3.92%
    <20% 3 $1,225,000 $408,333 $4,004 3.17%
    37% 2 $1,290,000 $645,000 $4,095 3.50%
    36% 2 $360,000 $180,000 $3,845 5.44%
    >60% 1 $1,235,000 $1,235,000 $6,334 4.50%
    38% 1 $105,000 $105,000 $4,226 6.25%
    39% 1 $545,000 $545,000 $10,635 4.25%
    41% 1 $365,000 $365,000 $3,750 3.13%
    43% 1 $605,000 $605,000 $4,849 3.63%
    44% 1 $665,000 $665,000 $12,015 4.13%
    50-60% 1 $255,000 $255,000 $3,405 4.25%

    Woodsboro Bank lent most frequently to those with DTI ratios of 30-36%, with 10 originations. The next most common DTI ratio? 20-30%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 29 $8,905,000 $307,069 $5,339 4.07%
    Not provided 22 $8,740,000 $397,273 $4,555 4.07%
    Not applicable 23 $7,225,000 $314,130 $0 4.22%

    Approval Rates

    Total approvals of all applications
    96.47%

    Woodsboro Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.19%

    Woodsboro Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 74 $24,870,000 $336,081

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $3,175,000 $453,571
    Single Family (1-4 Units):Site-Built 67 $21,695,000 $323,806

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $490,000 $122,500 $3,182 3.97%
    40-60% 9 $2,045,000 $227,222 $4,600 4.11%
    60-80% 46 $17,740,000 $385,652 $5,499 4.13%
    80-100% 9 $2,975,000 $330,556 $3,771 4.03%
    Over 100% 4 $1,510,000 $377,500 $0 4.44%
    Under 20% 2 $110,000 $55,000 $3,193 4.00%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Woodsboro Bank 143 Frederick Road Thurmont, MD 21788 Full Service B&M $75,636
    Woodsboro Bank 4-6 West Patrick Street Frederick, MD 21701 Full Service B&M $28,792
    Woodsboro Bank 40 West Patrick Street Frederick, MD 21701 Full Service B&M $27,214
    Woodsboro Bank 5 North Main Street Woodsboro, MD 21798 Full Service B&M $73,010
    Woodsboro Bank 7360 Guilford Drive, Suite 100 Frederick, MD 21704 Full Service B&M $25,621
    Woodsboro Bank 7407 Willow Road Frederick, MD 21702 Full Service B&M $5,787
    Woodsboro Bank 900 East Street Frederick, MD 21701 Full Service B&M $34,541

    For 2020, Woodsboro Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,768
    Net interest income $9,002
    Total noninterest income $1,689
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $514
    Trading account gains and fees $0
    Additional Noninterest Income $1,175
    Pre-tax net operating income $1,555
    Securities gains (or losses, -) $212
    Income before extraordinary items $1,334
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,334
    Minority interest net income $0
    Net income $1,334
    Sale, conversion, retirement of capital stock, net $-28
    Net operating income $1,166

    Woodsboro Bank's gross interest income from loans was $9,768,000.
    Woodsboro Bank's net interest income from loans was $9,002,000.
    Woodsboro Bank's fee based income from loans was $514,000.
    Woodsboro Bank's net income from loans was $1,334,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $766
    Provision for credit losses $500
    Total noninterest expense $8,636
    Salaries and employee benefits $4,995
    Premises and equipment expense $1,303
    Additional noninterest expense $2,338
    Applicable income taxes $433
    Net charge-offs $-36
    Cash dividends $65

    Woodsboro Bank's interest expense for loans was $766,000.
    Woodsboro Bank's payroll and benefits expense were $4,995,000.
    Woodsboro Bank's property, plant and equipment expenses $1,303,000.

    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 0.0%
    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 $292,609
    Deposits held in domestic offices $292,609
    Deposits by Individuals, partnerships, and corporations $288,643
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,953
    Deposits by Commercial banks and other depository institutions in U.S. $13
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $141,809
    Demand deposits $114,019
    Nontransaction accounts $150,800
    Money market deposit accounts (MMDAs) $59,205
    Other savings deposits (excluding MMDAs) $44,627
    Total time deposits $46,968
    Total time and savings deposits $178,590
    Noninterest-bearing deposits $114,019
    Interest-bearing deposits $178,590
    Retail deposits $282,603
    IRAs and Keogh plan accounts $8,404
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $321,611
    Cash & Balances due from depository institutions $57,721
    Interest-bearing balances $53,333
    Total securities $57,546
    Federal funds sold & reverse repurchase $0
    Net loans and leases $193,608
    Loan and leases loss allowance $2,692
    Trading account assets $0
    Bank premises and fixed assets $4,189
    Other real estate owned $634
    Goodwill and other intangibles $0
    All other assets $7,913

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $321,611
    Total Liabilities $295,642
    Total deposits $292,609
    Interest-bearing deposits $178,590
    Deposits held in domestic offices $292,609
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,033

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $193,608
    Loan and leases loss allowance $2,692
    Total loans and leases (domestic) $196,300
    All real estate loans $169,315
    Real estate loans in domestic offices $169,315
    Construction and development loans $7,519
    Residential 1-4 family construction $5,948
    Other construction, all land development and other land $1,571
    Loans secured by nonfarm nonresidential properties $71,257
    Nonfarm nonresidential secured by owner-occupied properties $32,385
    Commercial real estate & other non-farm, non-residential $38,872
    Multifamily residential real estate $15,055
    1-4 family residential loans $74,464
    Farmland loans $1,020
    Loans held in foreign offices $0
    Farm loans $24
    Commercial and industrial loans $25,430
    To non-U.S. addressees $0
    Loans to individuals $1,235
    Credit card loans $0
    Related Plans $123
    Consumer Auto Loans $551
    Other loans to individuals $561
    All other loans & leases $296
    Loans to foreign governments and official institutions $0
    Other loans $150
    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 $502
    Non 1-4 family restructured loans & leases $394
    Total loans and leases (foreign) $0

    Woodsboro Bank had $193,608,000 of loans outstanding in 2020. $169,315,000 of loans were in real estate loans. $7,519,000 of loans were in development loans. $15,055,000 of loans were in multifamily mortgage loans. $74,464,000 of loans were in 1-4 family mortgage loans. $24,000 of loans were in farm loans. $0 of loans were in credit card loans. $551,000 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 134 $38,697 $288,784
    Nonfarm, nonresidential loans - <$100k 13 $715 $55,000
    Nonfarm, nonresidential loans - $100-250k 36 $5,286 $146,833
    Nonfarm, nonresidential loans - $250k-1MM 85 $32,696 $384,659
    Commercial & Industrial, US addressed loans - <$1MM 297 $24,156 $81,333
    Commercial & Industrial, US addressed loans - <$100k 198 $5,784 $29,212
    Commercial & Industrial, US addressed loans - $100-250k 65 $8,047 $123,800
    Commercial & Industrial, US addressed loans - $250k-1MM 34 $10,325 $303,676
    Farmland loans - <$1MM 6 $1,020 $170,000
    Farmland loans - $100-250k 3 $326 $108,667
    Farmland loans - $250k-1MM 3 $694 $231,333
    Agriculture operations loans - <$1MM 2 $24 $12,000
    Agriculture operations loans - <$100k 2 $24 $12,000