Qnb Bank Mortgage Rates, Fees & Info

Quakertown, PA

LEI: 549300BPO83ZZLEVGG70

Tax ID: 23-0995065

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Mortgage Data

Bank Data

Review & 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 by origination volume include: Philadelphia, Allentown, Ocean City, Chambersburg, and Reading among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

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Originations

410

Origination Dollar Volume (All Markets)

$95,460,000

Employee count

201

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 320 $74,350,000 $232,344 $0 0.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 73 $12,755,000 $174,726 $0 0.00%
OCEAN CITY, NJ (FHA|USDA|VA) 3 $3,895,000 $1,298,333 $0 0.00%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $1,865,000 $1,865,000 $0 0.00%
READING, PA (FHA|USDA|VA) 7 $1,465,000 $209,286 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $575,000 $575,000 $0 0.00%
Outside of Metro Areas 1 $245,000 $245,000 $0 0.00%
St. Marys, PA (FHA|USDA|VA) 2 $150,000 $75,000 $0 0.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Pottsville, PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Qnb Bank's top markets include Philadelphia, Allentown, Ocean City, Chambersburg, and Reading among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 410 $95,460,000 $232,829 $0 0.00%

    For 2020, Qnb Bank's most frequently originated type of loan was Conventional, with 410 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 191 $39,105,000 $204,738 $0 0.00%
    Home Purchase 109 $37,395,000 $343,073 $0 0.00%
    Cash Out Refi 63 $13,735,000 $218,016 $0 0.00%
    Home Improvement 29 $4,005,000 $138,103 $0 0.00%
    Other 18 $1,220,000 $67,778 $0 0.00%

    For 2020, Qnb Bank's most frequently cited loan purpose was Refi, with 191 originations. The 2nd most popular reason was Home Purchase, with 109 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 410 $95,460,000 $232,829 $0 0.00%

    For 2020, Qnb Bank's most frequently cited loan duration was Other, with 410 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 134 $20,010,000 $149,328 $0 0.00%
    $200k-400k 131 $35,685,000 $272,405 $0 0.00%
    $100,000 or less 95 $4,855,000 $51,105 $0 0.00%
    $400k-600k 35 $16,005,000 $457,286 $0 0.00%
    $1MM+ 8 $14,130,000 $1,766,250 $0 0.00%
    $600k-1MM 7 $4,775,000 $682,143 $0 0.00%

    2020 saw Qnb Bank place emphasis on $100k-200k loans with 134 originations, totaling $20,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 80 $16,210,000 $202,625 $0 0.00%
    $150k-250k 74 $21,610,000 $292,027 $0 0.00%
    $50k-75k 67 $8,555,000 $127,687 $0 0.00%
    $75k-100k 56 $9,480,000 $169,286 $0 0.00%
    $50k or less 40 $4,380,000 $109,500 $0 0.00%
    $250k+ 22 $7,920,000 $360,000 $0 0.00%

    Qnb Bank lent most frequently to those with incomes in the $100k-150k range, with 80 originations. The second most popular income band? $150k-250k, with 74 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 410 $95,460,000 $232,829 $0 0.00%

    Qnb Bank lent most frequently to those with DTI ratios of Exempt%, with 410 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 304 $63,150,000 $207,730 $0 0.00%
    Not applicable 59 $24,255,000 $411,102 $0 0.00%
    Not provided 38 $6,510,000 $171,316 $0 0.00%
    Black 4 $650,000 $162,500 $0 0.00%
    Chinese 2 $380,000 $190,000 $0 0.00%
    Asian 2 $370,000 $185,000 $0 0.00%
    Asian Indian 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.54%

    Qnb Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.93%

    Qnb Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 410 $95,460,000 $232,829

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 19 $14,545,000 $765,526
    Single Family (1-4 Units):Manufactured 1 $35,000 $35,000
    Single Family (1-4 Units):Site-Built 390 $80,880,000 $207,385

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Qnb Bank 535 N 19th Street Allentown, PA 18104 Full Service B&M $2,462
    Qnb Bank 51 S Third St Coopersburg, PA 18036 Full Service B&M $151,899
    Qnb Bank 127 Bethlehem Pike Colmar, PA 18915 Full Service B&M $68,248
    Qnb Bank 1402 W Street Rd Warminster, PA 18974 Full Service B&M $25,164
    Qnb Bank 15 North Third Street Quakertown, PA 18951 Full Service B&M $302,667
    Qnb Bank 161 North Main Street Dublin, PA 18917 Full Service B&M $95,360
    Qnb Bank 240 S West End Blvd Quakertown, PA 18951 Full Service B&M $144,266
    Qnb Bank 410-420 Pottstown Avenue Pennsburg, PA 18073 Full Service B&M $124,788
    Qnb Bank 607 Chestnut Street Perkasie, PA 18944 Full Service B&M $81,123
    Qnb Bank 750 Souderton Road Souderton, PA 18964 Full Service B&M $118,075
    Qnb Bank 901 S. West End Blvd. Quakertown, PA 18951 Full Service Retail $23,832
    Qnb Bank 950 Mill Creek Road Allentown, PA 18106 Full Service B&M $45,304
    Qnb Bank Www.Qnbbank.Com Quakertown, PA 18951 Full Service Cyber Office $0

    For 2020, Qnb Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $43,347
    Net interest income $36,902
    Total noninterest income $7,245
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,192
    Trading account gains and fees $0
    Additional Noninterest Income $6,053
    Pre-tax net operating income $14,194
    Securities gains (or losses, -) $24
    Income before extraordinary items $11,753
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,753
    Minority interest net income $0
    Net income $11,753
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,733

    Qnb Bank's gross interest income from loans was $43,347,000.
    Qnb Bank's net interest income from loans was $36,902,000.
    Qnb Bank's fee based income from loans was $1,192,000.
    Qnb Bank's net income from loans was $11,753,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,445
    Provision for credit losses $1,250
    Total noninterest expense $28,703
    Salaries and employee benefits $16,429
    Premises and equipment expense $3,471
    Additional noninterest expense $8,803
    Applicable income taxes $2,465
    Net charge-offs $311
    Cash dividends $4,413

    Qnb Bank's interest expense for loans was $6,445,000.
    Qnb Bank's payroll and benefits expense were $16,429,000.
    Qnb Bank's property, plant and equipment expenses $3,471,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 1.0%
    Personal loans 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,228,067
    Deposits held in domestic offices $1,228,067
    Deposits by Individuals, partnerships, and corporations $1,087,497
    Deposits by U.S. Government $4
    Deposits by States and political subdivisions in the U.S. $140,566
    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 $115,770
    Demand deposits $34,234
    Nontransaction accounts $1,112,297
    Money market deposit accounts (MMDAs) $96,811
    Other savings deposits (excluding MMDAs) $818,401
    Total time deposits $197,085
    Total time and savings deposits $1,193,833
    Noninterest-bearing deposits $204,584
    Interest-bearing deposits $1,023,483
    Retail deposits $1,198,300
    IRAs and Keogh plan accounts $48,194
    Brokered deposits $249
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,427,208
    Cash & Balances due from depository institutions $39,089
    Interest-bearing balances $25,667
    Total securities $435,646
    Federal funds sold & reverse repurchase $0
    Net loans and leases $915,846
    Loan and leases loss allowance $10,826
    Trading account assets $0
    Bank premises and fixed assets $15,039
    Other real estate owned $0
    Goodwill and other intangibles $541
    All other assets $21,047

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,427,208
    Total Liabilities $1,305,781
    Total deposits $1,228,067
    Interest-bearing deposits $1,023,483
    Deposits held in domestic offices $1,228,067
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $58,838
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $8,876

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $915,846
    Loan and leases loss allowance $10,826
    Total loans and leases (domestic) $926,672
    All real estate loans $670,082
    Real estate loans in domestic offices $670,082
    Construction and development loans $60,619
    Residential 1-4 family construction $17,501
    Other construction, all land development and other land $43,118
    Loans secured by nonfarm nonresidential properties $324,563
    Nonfarm nonresidential secured by owner-occupied properties $132,948
    Commercial real estate & other non-farm, non-residential $191,615
    Multifamily residential real estate $52,268
    1-4 family residential loans $231,877
    Farmland loans $755
    Loans held in foreign offices $0
    Farm loans $43
    Commercial and industrial loans $221,893
    To non-U.S. addressees $0
    Loans to individuals $5,244
    Credit card loans $0
    Related Plans $201
    Consumer Auto Loans $1,457
    Other loans to individuals $3,586
    All other loans & leases $29,410
    Loans to foreign governments and official institutions $0
    Other loans $4,095
    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 $4,469
    Non 1-4 family restructured loans & leases $3,504
    Total loans and leases (foreign) $0

    QNB Bank had $915,846,000 of loans outstanding in 2020. $670,082,000 of loans were in real estate loans. $60,619,000 of loans were in development loans. $52,268,000 of loans were in multifamily mortgage loans. $231,877,000 of loans were in 1-4 family mortgage loans. $43,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,457,000 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 275 $78,725 $286,273
    Nonfarm, nonresidential loans - <$100k 17 $649 $38,176
    Nonfarm, nonresidential loans - $100-250k 74 $9,383 $126,797
    Nonfarm, nonresidential loans - $250k-1MM 184 $68,693 $373,332
    Commercial & Industrial, US addressed loans - <$1MM 717 $65,777 $91,739
    Commercial & Industrial, US addressed loans - <$100k 423 $10,669 $25,222
    Commercial & Industrial, US addressed loans - $100-250k 152 $17,895 $117,730
    Commercial & Industrial, US addressed loans - $250k-1MM 142 $37,213 $262,063
    Farmland loans - <$1MM 4 $755 $188,750
    Farmland loans - $100-250k 3 $399 $133,000
    Farmland loans - $250k-1MM 1 $356 $356,000
    Agriculture operations loans - <$1MM 1 $43 $43,000
    Agriculture operations loans - $100-250k 1 $43 $43,000