Woodsboro Bank Mortgage Rates, Fees & Info

Woodsboro, MD

LEI: 549300BM1JKSQR7HI756

Tax ID: 52-0535830

Latest/2023 | 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, Easton, and Gettysburg among others. We have data for 5 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 an above 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.

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    Originations

    104

    Origination Dollar Volume (All Markets)

    $31,100,000

    Employee count

    58

    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) 85 $25,845,000 $304,059 $5,142 3.60%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 8 $2,600,000 $325,000 $3,877 3.63%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 9 $1,515,000 $168,333 $3,371 3.83%
    Easton, MD (FHA|USDA|VA) 1 $605,000 $605,000 $4,690 2.38%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $535,000 $535,000 $18,613 4.00%
    Woodsboro Bank's top markets include Washington, Baltimore, Hagerstown, Easton, and Gettysburg among others.

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

    Cedar Point Federal Credit Union
    Similarity Rank: 546
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1300
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1680
    Credence Funding Corporation
    Similarity Rank: 2020
    Woodsboro Bank
    Similarity Rank: 2455
    IDB Global Federal Credit Union
    Similarity Rank: 2740
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 2772
    ACNB Bank
    Similarity Rank: 2850
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 3485
    CNB Bank Inc.
    Similarity Rank: 3660

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 104 $31,100,000 $299,038 $5,234 3.61%

    For 2021, Woodsboro Bank's most frequently originated type of loan was Conventional, with 104 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 54 $15,560,000 $288,148 $6,280 3.70%
    Refi 48 $14,630,000 $304,792 $4,012 3.50%
    Home Improvement 2 $910,000 $455,000 $10,669 3.81%

    For 2021, Woodsboro Bank's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 37 $13,765,000 $372,027 $4,490 3.39%
    Other 23 $4,995,000 $217,174 $0 3.71%
    5 Year 21 $3,935,000 $187,381 $0 4.06%
    10 Year 8 $2,520,000 $315,000 $4,690 3.58%
    15 Year 8 $3,370,000 $421,250 $4,320 2.87%
    30+ year 4 $1,630,000 $407,500 $13,662 4.06%
    1 Year 2 $420,000 $210,000 $0 4.00%
    3 Year 1 $465,000 $465,000 $0 4.25%

    For 2021, Woodsboro Bank's most frequently cited loan duration was 30 Year, with 37 originations. The 2nd most popular length was Other, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 37 $13,895,000 $375,541
    $5k+ 6 $2,850,000 $475,000
    $2k-3k 3 $1,415,000 $471,667
    $4k-5k 1 $265,000 $265,000

    Woodsboro Bank's average total fees were $4,490, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 37 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 82 $24,150,000 $294,512
    4-5% 13 $2,855,000 $219,615
    <2.5% 5 $1,985,000 $397,000
    2.5-3% 4 $2,110,000 $527,500

    During 2021, Woodsboro Bank's average interest rate for loans was 3.39%, while their most frequently originated rate bucket for loans was 3-4%, with 82 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 42 $11,400,000 $271,429 $4,758 3.60%
    $100k-200k 29 $4,485,000 $154,655 $3,285 3.73%
    $400k-600k 20 $10,180,000 $509,000 $6,847 3.47%
    $600k-1MM 7 $4,665,000 $666,429 $4,960 3.25%
    $100,000 or less 6 $370,000 $61,667 $0 4.05%

    2021 saw Woodsboro Bank place emphasis on $200k-400k loans with 42 originations, totaling $11,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 15 $6,215,000 $414,333 $5,900 3.50%
    $100k-150k 14 $5,080,000 $362,857 $6,160 3.45%
    $250k+ 14 $5,580,000 $398,571 $5,584 3.56%
    $50k-75k 10 $2,710,000 $271,000 $3,655 3.30%
    $75k-100k 5 $1,675,000 $335,000 $4,840 3.48%
    $50k or less 2 $320,000 $160,000 $3,338 3.25%

    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 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 10 $3,420,000 $342,000 $5,489 3.43%
    30-36% 9 $3,295,000 $366,111 $3,830 3.17%
    <20% 8 $3,130,000 $391,250 $5,655 3.17%
    50-60% 5 $2,525,000 $505,000 $5,248 3.48%
    41% 3 $1,265,000 $421,667 $9,088 3.50%
    >60% 2 $1,010,000 $505,000 $4,090 2.63%
    36% 2 $750,000 $375,000 $7,518 3.69%
    39% 2 $980,000 $490,000 $4,086 3.69%
    44% 2 $920,000 $460,000 $4,611 2.88%
    40% 1 $395,000 $395,000 $3,625 3.50%
    47% 1 $145,000 $145,000 $3,067 3.13%
    49% 1 $375,000 $375,000 $8,573 3.88%
    42% 1 $195,000 $195,000 $3,357 3.25%
    43% 1 $475,000 $475,000 $3,895 3.50%

    Woodsboro Bank lent most frequently to those with DTI ratios of 20-30%, with 10 originations. The next most common DTI ratio? 30-36%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 26 $11,280,000 $433,846 $4,986 3.31%
    White 35 $10,135,000 $289,571 $5,504 3.57%
    Not applicable 42 $9,410,000 $224,048 $0 3.82%
    Asian 1 $275,000 $275,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    94.26%

    Woodsboro Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.38%

    Woodsboro Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 104 $31,100,000 $299,038

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    104 $31,100,000 $299,038

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $1,730,000 $288,333 $4,206 3.26%
    40-60% 15 $4,435,000 $295,667 $4,527 3.48%
    60-80% 64 $19,230,000 $300,469 $4,920 3.65%
    80-100% 15 $4,905,000 $327,000 $7,775 3.75%
    Over 100% 1 $465,000 $465,000 $0 4.25%
    Under 20% 3 $335,000 $111,667 $3,005 3.29%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Woodsboro Bank 143 Frederick Road Thurmont, MD 21788 Full Service B&M $95,171
    Woodsboro Bank 4-6 West Patrick Street Frederick, MD 21701 Full Service B&M $38,005
    Woodsboro Bank 40 West Patrick Street Frederick, MD 21701 Full Service B&M $36,336
    Woodsboro Bank 5 North Main Street Woodsboro, MD 21798 Full Service B&M $90,824
    Woodsboro Bank 7360 Guilford Drive, Suite 100 Frederick, MD 21704 Full Service B&M $28,716
    Woodsboro Bank 900 East Street Frederick, MD 21701 Full Service B&M $48,382

    For 2021, Woodsboro Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,847
    Net interest income $10,288
    Total noninterest income $2,048
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $536
    Trading account gains and fees $0
    Additional Noninterest Income $1,512
    Pre-tax net operating income $2,980
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,294
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,294
    Minority interest net income $0
    Net income $2,294
    Sale, conversion, retirement of capital stock, net $-58
    Net operating income $2,294

    Woodsboro Bank's gross interest income from loans was $10,847,000.
    Woodsboro Bank's net interest income from loans was $10,288,000.
    Woodsboro Bank's fee based income from loans was $536,000.
    Woodsboro Bank's net income from loans was $2,294,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $559
    Provision for credit losses $190
    Total noninterest expense $9,166
    Salaries and employee benefits $5,123
    Premises and equipment expense $1,289
    Additional noninterest expense $2,754
    Applicable income taxes $686
    Net charge-offs $-24
    Cash dividends $65

    Woodsboro Bank's interest expense for loans was $559,000.
    Woodsboro Bank's payroll and benefits expense were $5,123,000.
    Woodsboro Bank's property, plant and equipment expenses $1,289,000.

    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 $349,659
    Deposits held in domestic offices $349,659
    Deposits by Individuals, partnerships, and corporations $344,968
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,691
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $175,078
    Demand deposits $142,077
    Nontransaction accounts $174,581
    Money market deposit accounts (MMDAs) $71,428
    Other savings deposits (excluding MMDAs) $57,303
    Total time deposits $45,850
    Total time and savings deposits $207,582
    Noninterest-bearing deposits $142,077
    Interest-bearing deposits $207,583
    Retail deposits $338,743
    IRAs and Keogh plan accounts $8,519
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $379,262
    Cash & Balances due from depository institutions $45,383
    Interest-bearing balances $39,943
    Total securities $102,114
    Federal funds sold & reverse repurchase $0
    Net loans and leases $218,068
    Loan and leases loss allowance $2,906
    Trading account assets $0
    Bank premises and fixed assets $4,040
    Other real estate owned $634
    Goodwill and other intangibles $0
    All other assets $9,023

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $379,262
    Total Liabilities $352,338
    Total deposits $349,659
    Interest-bearing deposits $207,583
    Deposits held in domestic offices $349,659
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,679

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $218,068
    Loan and leases loss allowance $2,906
    Total loans and leases (domestic) $220,974
    All real estate loans $198,235
    Real estate loans in domestic offices $198,235
    Construction and development loans $14,067
    Residential 1-4 family construction $6,965
    Other construction, all land development and other land $7,102
    Loans secured by nonfarm nonresidential properties $81,789
    Nonfarm nonresidential secured by owner-occupied properties $38,071
    Commercial real estate & other non-farm, non-residential $43,718
    Multifamily residential real estate $13,887
    1-4 family residential loans $87,625
    Farmland loans $867
    Loans held in foreign offices $0
    Farm loans $20
    Commercial and industrial loans $20,607
    To non-U.S. addressees $0
    Loans to individuals $989
    Credit card loans $0
    Related Plans $94
    Consumer Auto Loans $390
    Other loans to individuals $505
    All other loans & leases $1,123
    Loans to foreign governments and official institutions $0
    Other loans $30
    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 $98
    Non 1-4 family restructured loans & leases $98
    Total loans and leases (foreign) $0

    Woodsboro Bank had $218,068,000 of loans outstanding in 2021. $198,235,000 of loans were in real estate loans. $14,067,000 of loans were in development loans. $13,887,000 of loans were in multifamily mortgage loans. $87,625,000 of loans were in 1-4 family mortgage loans. $20,000 of loans were in farm loans. $0 of loans were in credit card loans. $390,000 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 145 $47,738 $329,228
    Nonfarm, nonresidential loans - <$100k 11 $377 $34,273
    Nonfarm, nonresidential loans - $100-250k 42 $6,442 $153,381
    Nonfarm, nonresidential loans - $250k-1MM 92 $40,919 $444,772
    Commercial & Industrial, US addressed loans - <$1MM 178 $16,161 $90,792
    Commercial & Industrial, US addressed loans - <$100k 102 $2,896 $28,392
    Commercial & Industrial, US addressed loans - $100-250k 47 $5,259 $111,894
    Commercial & Industrial, US addressed loans - $250k-1MM 29 $8,006 $276,069
    Farmland loans - <$1MM 5 $867 $173,400
    Farmland loans - $100-250k 2 $216 $108,000
    Farmland loans - $250k-1MM 3 $651 $217,000
    Agriculture operations loans - <$1MM 2 $20 $10,000
    Agriculture operations loans - <$100k 2 $20 $10,000