Fleetwood Bank Mortgage Rates, Fees & Info

Fleetwood, PA

LEI: 549300GWE4NILBIKKI92

Tax ID: 23-0586213

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Fleetwood Bank is a smaller bank specializing in Refi and Home Purchase loans. Fleetwood Bank has a high proportion of conventional loans. Their top markets by origination volume include: Reading, Philadelphia, Ocean City, Pottsville, and Baltimore among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fleetwood 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.

    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

    137

    Origination Dollar Volume (All Markets)

    $36,555,000

    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
    READING, PA (FHA|USDA|VA) 114 $27,470,000 $240,965 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 13 $4,895,000 $376,538 $0 0.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 0.00%
    Pottsville, PA (FHA|USDA|VA) 4 $860,000 $215,000 $0 0.00%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $505,000 $168,333 $0 0.00%
    LANCASTER, PA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Fleetwood Bank's top markets include Reading, Philadelphia, Ocean City, Pottsville, and Baltimore among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 137 $36,555,000 $266,825 $0 0.00%

    For 2021, Fleetwood Bank's most frequently originated type of loan was Conventional, with 137 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 78 $18,830,000 $241,410 $0 0.00%
    Home Purchase 53 $16,855,000 $318,019 $0 0.00%
    Other 5 $865,000 $173,000 $0 0.00%
    Home Improvement 1 $5,000 $5,000 $0 0.00%

    For 2021, Fleetwood Bank's most frequently cited loan purpose was Refi, with 78 originations. The 2nd most popular reason was Home Purchase, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 137 $36,555,000 $266,825 $0 0.00%

    For 2021, Fleetwood Bank's most frequently cited loan duration was Other, with 137 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 62 $9,430,000 $152,097 $0 0.00%
    $200k-400k 38 $10,570,000 $278,158 $0 0.00%
    $100,000 or less 13 $795,000 $61,154 $0 0.00%
    $400k-600k 13 $6,215,000 $478,077 $0 0.00%
    $600k-1MM 10 $7,540,000 $754,000 $0 0.00%
    $1MM+ 1 $2,005,000 $2,005,000 $0 0.00%

    2021 saw Fleetwood Bank place emphasis on $100k-200k loans with 62 originations, totaling $9,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $4,510,000 $150,333 $0 0.00%
    $100k-150k 25 $6,665,000 $266,600 $0 0.00%
    $150k-250k 21 $6,575,000 $313,095 $0 0.00%
    $50k or less 18 $2,260,000 $125,556 $0 0.00%
    $75k-100k 18 $4,620,000 $256,667 $0 0.00%
    $250k+ 9 $7,015,000 $779,444 $0 0.00%

    Fleetwood Bank lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $100k-150k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 137 $36,555,000 $266,825 $0 0.00%

    Fleetwood Bank lent most frequently to those with DTI ratios of Exempt%, with 137 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 120 $31,450,000 $262,083 $0 0.00%
    Not applicable 16 $4,910,000 $306,875 $0 0.00%
    Not provided 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.80%

    Fleetwood 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
    74.45%

    Fleetwood Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 137 $36,555,000 $266,825

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    137 $36,555,000 $266,825

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Fleetwood Bank 1150 Berkshire Blvd, Ste 130 Wyomissing, PA 19610 Full Service B&M $6,334
    Fleetwood Bank 15300 Kutztown Road Kutztown, PA 19530 Full Service B&M $62,545
    Fleetwood Bank 216 E. Philadelphia Avenue Boyertown, PA 19512 Full Service B&M $8,178
    Fleetwood Bank 455 Main Street Shoemakersville, PA 19555 Full Service B&M $27,194
    Fleetwood Bank 61 Kings Plaza Oley, PA 19547 Full Service B&M $3,360
    Fleetwood Bank 917 Park Road Blandon, PA 19510 Full Service B&M $57,561
    Fleetwood Bank East State Avenue And 3 South Main Street Lyons Station, PA 19536 Full Service B&M $34,430
    Fleetwood Bank Main And Franklin Streets Fleetwood, PA 19522 Full Service B&M $111,546

    For 2021, Fleetwood Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,187
    Net interest income $8,878
    Total noninterest income $1,452
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $363
    Trading account gains and fees $0
    Additional Noninterest Income $1,089
    Pre-tax net operating income $1,501
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,347
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,347
    Minority interest net income $0
    Net income $1,347
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,347

    Fleetwood Bank's gross interest income from loans was $9,187,000.
    Fleetwood Bank's net interest income from loans was $8,878,000.
    Fleetwood Bank's fee based income from loans was $363,000.
    Fleetwood Bank's net income from loans was $1,347,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $309
    Provision for credit losses $120
    Total noninterest expense $8,709
    Salaries and employee benefits $4,559
    Premises and equipment expense $798
    Additional noninterest expense $3,352
    Applicable income taxes $154
    Net charge-offs $5
    Cash dividends $606

    Fleetwood Bank's interest expense for loans was $309,000.
    Fleetwood Bank's payroll and benefits expense were $4,559,000.
    Fleetwood Bank's property, plant and equipment expenses $798,000.

    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 $327,848
    Deposits held in domestic offices $327,848
    Deposits by Individuals, partnerships, and corporations $317,387
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,461
    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 $149,781
    Demand deposits $69,723
    Nontransaction accounts $178,067
    Money market deposit accounts (MMDAs) $60,481
    Other savings deposits (excluding MMDAs) $77,184
    Total time deposits $40,402
    Total time and savings deposits $258,125
    Noninterest-bearing deposits $69,723
    Interest-bearing deposits $258,125
    Retail deposits $322,948
    IRAs and Keogh plan accounts $10,581
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $355,720
    Cash & Balances due from depository institutions $27,584
    Interest-bearing balances $19,874
    Total securities $125,505
    Federal funds sold & reverse repurchase $0
    Net loans and leases $186,832
    Loan and leases loss allowance $2,145
    Trading account assets $0
    Bank premises and fixed assets $5,332
    Other real estate owned $0
    Goodwill and other intangibles $119
    All other assets $10,348

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $355,720
    Total Liabilities $329,792
    Total deposits $327,848
    Interest-bearing deposits $258,125
    Deposits held in domestic offices $327,848
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,944

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $186,832
    Loan and leases loss allowance $2,145
    Total loans and leases (domestic) $188,977
    All real estate loans $169,908
    Real estate loans in domestic offices $169,908
    Construction and development loans $2,680
    Residential 1-4 family construction $1,114
    Other construction, all land development and other land $1,566
    Loans secured by nonfarm nonresidential properties $29,844
    Nonfarm nonresidential secured by owner-occupied properties $19,554
    Commercial real estate & other non-farm, non-residential $10,290
    Multifamily residential real estate $4,419
    1-4 family residential loans $125,833
    Farmland loans $7,132
    Loans held in foreign offices $0
    Farm loans $58
    Commercial and industrial loans $7,264
    To non-U.S. addressees $0
    Loans to individuals $263
    Credit card loans $0
    Related Plans $89
    Consumer Auto Loans $54
    Other loans to individuals $120
    All other loans & leases $11,952
    Loans to foreign governments and official institutions $0
    Other loans $490
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Fleetwood Bank had $186,832,000 of loans outstanding in 2021. $169,908,000 of loans were in real estate loans. $2,680,000 of loans were in development loans. $4,419,000 of loans were in multifamily mortgage loans. $125,833,000 of loans were in 1-4 family mortgage loans. $58,000 of loans were in farm loans. $0 of loans were in credit card loans. $54,000 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 210 $18,041 $85,910
    Nonfarm, nonresidential loans - <$100k 131 $1,737 $13,260
    Nonfarm, nonresidential loans - $100-250k 37 $3,847 $103,973
    Nonfarm, nonresidential loans - $250k-1MM 42 $12,457 $296,595
    Commercial & Industrial, US addressed loans - <$1MM 225 $7,264 $32,284
    Commercial & Industrial, US addressed loans - <$100k 184 $2,787 $15,147
    Commercial & Industrial, US addressed loans - $100-250k 28 $2,490 $88,929
    Commercial & Industrial, US addressed loans - $250k-1MM 13 $1,987 $152,846
    Farmland loans - <$1MM 48 $2,920 $60,833
    Farmland loans - <$100k 35 $566 $16,171
    Farmland loans - $100-250k 8 $511 $63,875
    Farmland loans - $250k-1MM 5 $1,843 $368,600
    Agriculture operations loans - <$1MM 14 $58 $4,143
    Agriculture operations loans - <$100k 14 $58 $4,143