Qnb Bank Mortgage Rates, Fees & Info

Quakertown, PA

LEI: 549300BPO83ZZLEVGG70

Tax ID: 23-0995065

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Qnb Bank is a smaller bank specializing in Refi and Home Purchase loans. Qnb Bank has a high proportion of conventional loans. Their top markets include Philadelphia, Allentown, Reading, Gettysburg, and Ocean City among others. Qnb Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

356

Origination Dollar Volume (All Markets)

$111,020,000

Employee count

196

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 266 $77,200,000 $290,226 $0 0.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 63 $14,955,000 $237,381 $0 0.00%
READING, PA (FHA|USDA|VA) 18 $6,300,000 $350,000 $0 0.00%
GETTYSBURG, PA (FHA|USDA|VA) 1 $5,605,000 $5,605,000 $0 0.00%
OCEAN CITY, NJ (FHA|USDA|VA) 4 $5,290,000 $1,322,500 $0 0.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $595,000 $595,000 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
Outside of Metro Areas 1 $435,000 $435,000 $0 0.00%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%

Qnb Bank's top markets include Philadelphia, Allentown, Reading, Gettysburg, and Ocean City among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 356 $111,020,000 $311,854 $0 0.00%

For the 2021 period, Qnb Bank's most frequently originated loan type of loans were Conventional, with 356 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 160 $38,190,000 $238,688 $0 0.00%
Home Purchase 106 $54,670,000 $515,755 $0 0.00%
Cash Out Refi 53 $12,055,000 $227,453 $0 0.00%
Home Improvement 29 $5,885,000 $202,931 $0 0.00%
Other 8 $220,000 $27,500 $0 0.00%

For the 2021, Qnb Bank's most frequently cited loan purpose of loans were Refi, with 160 originations. The 2nd most popular reason of loans were Home Purchase, with 106 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 356 $111,020,000 $311,854 $0 0.00%

For the 2021, Qnb Bank's most frequently cited loan length of loans were Other, with 356 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 115 $17,015,000 $147,957 $0 0.00%
$200k-400k 97 $25,955,000 $267,577 $0 0.00%
$100,000 or less 78 $4,330,000 $55,513 $0 0.00%
$400k-600k 36 $17,800,000 $494,444 $0 0.00%
$600k-1MM 17 $12,445,000 $732,059 $0 0.00%
$1MM+ 13 $33,475,000 $2,575,000 $0 0.00%

2021 saw Qnb Bank place emphasis on $100k-200k loans with 115 originations, totaling $17,015,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 65 $12,325,000 $189,615 $0 0.00%
$50k-75k 45 $6,235,000 $138,556 $0 0.00%
$75k-100k 45 $7,375,000 $163,889 $0 0.00%
$150k-250k 38 $9,980,000 $262,632 $0 0.00%
$250k+ 35 $16,275,000 $465,000 $0 0.00%
$50k or less 28 $2,610,000 $93,214 $0 0.00%

Qnb Bank lent most frequently to those with incomes in the $100k-150k range, with 65 originations. The second most popular income band? $50k-75k, with 45 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 356 $111,020,000 $311,854 $0 0.00%

Qnb Bank lent most frequently to those with DTI ratios of Exempt%, with 356 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 83 $53,935,000 $649,819 $0 0.00%
White 250 $51,460,000 $205,840 $0 0.00%
Not provided 19 $4,235,000 $222,895 $0 0.00%
American Indian 1 $505,000 $505,000 $0 0.00%
Black 2 $450,000 $225,000 $0 0.00%
Asian 1 $435,000 $435,000 $0 0.00%

Approval Rates

Total approvals of all applications
86.11%

Qnb Bank has an average approval rate.

Pick Rate

Approvals leading to origination
80.00%

Qnb Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 356 $111,020,000 $311,854

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
356 $111,020,000 $311,854

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Qnb Bank 127 Bethlehem Pike Colmar, PA 18915 Full Service B&M $72,950
Qnb Bank 1402 W Street Rd Warminster, PA 18974 Full Service B&M $34,369
Qnb Bank 15 North Third Street Quakertown, PA 18951 Full Service B&M $327,498
Qnb Bank 161 North Main Street Dublin, PA 18917 Full Service B&M $100,556
Qnb Bank 240 S West End Blvd Quakertown, PA 18951 Full Service B&M $167,624
Qnb Bank 410-420 Pottstown Avenue Pennsburg, PA 18073 Full Service B&M $139,633
Qnb Bank 51 S Third St Coopersburg, PA 18036 Full Service B&M $170,095
Qnb Bank 535 N 19th Street Allentown, PA 18104 Full Service B&M $4,233
Qnb Bank 607 Chestnut Street Perkasie, PA 18944 Full Service B&M $108,721
Qnb Bank 750 Souderton Road Souderton, PA 18964 Full Service B&M $131,989
Qnb Bank 901 S. West End Blvd. Quakertown, PA 18951 Full Service Retail $34,959
Qnb Bank 950 Mill Creek Road Allentown, PA 18106 Full Service B&M $51,106
Qnb Bank Www.Qnbbank.Com Quakertown, PA 18951 Full Service Cyber Office $0

For 2021, Qnb Bank had 13 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $46,384
Net interest income $41,741
Total noninterest income $7,273
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,194
Trading account gains and fees $0
Additional Noninterest Income $6,079
Pre-tax net operating income $17,826
Securities gains (or losses, -) $18
Income before extraordinary items $14,607
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $14,607
Minority interest net income $0
Net income $14,607
Sale, conversion, retirement of capital stock, net $0
Net operating income $14,592

Qnb Bank's gross interest income from loans was $46,384,000.
Qnb Bank's net interest income from loans was $41,741,000.
Qnb Bank's fee based income from loans was $1,194,000.
Qnb Bank's net income from loans was $14,607,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,643
Provision for credit losses $458
Total noninterest expense $30,730
Salaries and employee benefits $17,351
Premises and equipment expense $3,429
Additional noninterest expense $9,950
Applicable income taxes $3,237
Net charge-offs $100
Cash dividends $5,733

Qnb Bank's interest expense for loans was $4,643,000.
Qnb Bank's payroll and benefits expense were $17,351,000.
Qnb Bank's property, plant and equipment expenses $3,429,000.

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 1.0%
All other family 0.0%
Commercial & industrial loans 2.0%
Personal loans 1.0%
Credit card loans 0.0%
Other individual loans 1.0%
Auto loans 0.0%
Other consumer loans 2.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $1,449,745
Deposits held in domestic offices $1,449,745
Deposits by Individuals, partnerships, and corporations $1,287,657
Deposits by U.S. Government $3
Deposits by States and political subdivisions in the U.S. $162,084
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 $711,205
Demand deposits $243,006
Nontransaction accounts $738,539
Money market deposit accounts (MMDAs) $143,942
Other savings deposits (excluding MMDAs) $426,225
Total time deposits $168,373
Total time and savings deposits $1,206,738
Noninterest-bearing deposits $243,006
Interest-bearing deposits $1,206,739
Retail deposits $1,424,526
IRAs and Keogh plan accounts $44,366
Brokered deposits $232
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,660,256
Cash & Balances due from depository institutions $12,156
Interest-bearing balances $2,962
Total securities $692,360
Federal funds sold & reverse repurchase $0
Net loans and leases $915,326
Loan and leases loss allowance $11,184
Trading account assets $0
Bank premises and fixed assets $16,336
Other real estate owned $0
Goodwill and other intangibles $546
All other assets $23,532

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,660,256
Total Liabilities $1,536,844
Total deposits $1,449,745
Interest-bearing deposits $1,206,739
Deposits held in domestic offices $1,449,745
% insured (estimated) $63
Federal funds purchased and repurchase agreements $68,476
Trading liabilities $0
Other borrowed funds $10,000
Subordinated debt $0
All other liabilities $8,623

Issued Loan Types

Type Value (in 000's)
Net loans and leases $915,326
Loan and leases loss allowance $11,184
Total loans and leases (domestic) $926,510
All real estate loans $753,654
Real estate loans in domestic offices $753,654
Construction and development loans $59,061
Residential 1-4 family construction $18,016
Other construction, all land development and other land $41,045
Loans secured by nonfarm nonresidential properties $381,160
Nonfarm nonresidential secured by owner-occupied properties $147,264
Commercial real estate & other non-farm, non-residential $233,896
Multifamily residential real estate $69,765
1-4 family residential loans $243,189
Farmland loans $479
Loans held in foreign offices $0
Farm loans $151
Commercial and industrial loans $144,158
To non-U.S. addressees $0
Loans to individuals $4,721
Credit card loans $0
Related Plans $222
Consumer Auto Loans $1,176
Other loans to individuals $3,323
All other loans & leases $23,826
Loans to foreign governments and official institutions $0
Other loans $4,035
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 $4,142
Non 1-4 family restructured loans & leases $3,345
Total loans and leases (foreign) $0

QNB Bank had $915,326,000 of loans outstanding in 2021. $753,654,000 of loans were in real estate loans. $59,061,000 of loans were in development loans. $69,765,000 of loans were in multifamily mortgage loans. $243,189,000 of loans were in 1-4 family mortgage loans. $151,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,176,000 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 281 $83,610 $297,544
Nonfarm, nonresidential loans - <$100k 15 $573 $38,200
Nonfarm, nonresidential loans - $100-250k 72 $9,441 $131,125
Nonfarm, nonresidential loans - $250k-1MM 194 $73,596 $379,361
Commercial & Industrial, US addressed loans - <$1MM 437 $36,837 $84,295
Commercial & Industrial, US addressed loans - <$100k 215 $4,012 $18,660
Commercial & Industrial, US addressed loans - $100-250k 104 $8,383 $80,606
Commercial & Industrial, US addressed loans - $250k-1MM 118 $24,442 $207,136
Farmland loans - <$1MM 4 $479 $119,750
Farmland loans - $100-250k 2 $160 $80,000
Farmland loans - $250k-1MM 2 $319 $159,500
Agriculture operations loans - <$1MM 1 $151 $151,000
Agriculture operations loans - $100-250k 1 $151 $151,000