The Queenstown Bank Of Maryland Mortgage Rates, Fees & Info

Queenstown, MD

LEI: 549300MPX7PJGFD8HA09

Tax ID: 52-0453270

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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

    The Queenstown Bank Of Maryland is a smaller bank specializing in Home Purchase and Refi loans. The Queenstown Bank Of Maryland has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, Salisbury, Easton, Cambridge, and Philadelphia among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Queenstown Bank Of Maryland 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.

    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.

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    Originations

    104

    Origination Dollar Volume (All Markets)

    $24,340,000

    Employee count

    95

    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
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 65 $13,865,000 $213,308 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 5 $4,945,000 $989,000 $0 0.00%
    Outside of Metro Areas 21 $3,855,000 $183,571 $0 0.00%
    Easton, MD (FHA|USDA|VA) 10 $1,150,000 $115,000 $0 0.00%
    Cambridge, MD (FHA|USDA|VA) 2 $320,000 $160,000 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    The Queenstown Bank Of Maryland's top markets include Baltimore, Salisbury, Easton, Cambridge, and Philadelphia among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 104 $24,340,000 $234,038 $0 0.00%

    For 2018, The Queenstown Bank Of Maryland'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 68 $17,740,000 $260,882 $0 0.00%
    Refi 31 $6,315,000 $203,710 $0 0.00%
    Home Improvement 5 $285,000 $57,000 $0 0.00%

    For 2018, The Queenstown Bank Of Maryland's most frequently cited loan purpose was Home Purchase, with 68 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 104 $24,340,000 $234,038 $0 0.00%

    For 2018, The Queenstown Bank Of Maryland's most frequently cited loan duration was Other, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 37 $10,355,000 $279,865 $0 0.00%
    $100k-200k 32 $4,760,000 $148,750 $0 0.00%
    $100,000 or less 26 $1,710,000 $65,769 $0 0.00%
    $400k-600k 5 $2,375,000 $475,000 $0 0.00%
    $1MM+ 3 $4,165,000 $1,388,333 $0 0.00%
    $600k-1MM 1 $975,000 $975,000 $0 0.00%

    2018 saw The Queenstown Bank Of Maryland place emphasis on $200k-400k loans with 37 originations, totaling $10,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 17 $3,505,000 $206,176 $0 0.00%
    $150k-250k 16 $3,150,000 $196,875 $0 0.00%
    $75k-100k 16 $3,230,000 $201,875 $0 0.00%
    $250k+ 15 $5,405,000 $360,333 $0 0.00%
    $50k or less 14 $1,290,000 $92,143 $0 0.00%
    $50k-75k 12 $1,840,000 $153,333 $0 0.00%

    The Queenstown Bank Of Maryland lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $150k-250k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 104 $24,340,000 $234,038 $0 0.00%

    The Queenstown Bank Of Maryland lent most frequently to those with DTI ratios of Exempt%, with 104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 87 $17,765,000 $204,195 $0 0.00%
    Not applicable 12 $5,490,000 $457,500 $0 0.00%
    Not provided 1 $445,000 $445,000 $0 0.00%
    Asian 2 $360,000 $180,000 $0 0.00%
    Asian Indian 1 $215,000 $215,000 $0 0.00%
    Black 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.22%

    The Queenstown Bank Of Maryland has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.46%

    The Queenstown Bank Of Maryland has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 104 $24,340,000 $234,038

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $155,000 $155,000
    Single Family (1-4 Units):Manufactured 13 $1,165,000 $89,615
    Single Family (1-4 Units):Site-Built 90 $23,020,000 $255,778

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Queenstown Bank of Maryland 1005 Sudlersville Road Church Hill, MD 21623 Full Service B&M $21,796
    The Queenstown Bank of Maryland 204a East 6th Street Ridgely, MD 21660 Full Service B&M $8,590
    The Queenstown Bank of Maryland 274 North Washington Street Easton, MD 21601 Full Service B&M $37,154
    The Queenstown Bank of Maryland 7101 Main Street Queenstown, MD 21658 Full Service B&M $125,762
    The Queenstown Bank of Maryland Castle Marina Road And U.S. Routes 50-301 Chester, MD 21619 Full Service B&M $55,217
    The Queenstown Bank of Maryland Route 213 And Coursevall Drive Centreville, MD 21617 Full Service B&M $54,184
    The Queenstown Bank of Maryland Routes 8 And 18 Stevensville, MD 21666 Full Service B&M $56,552
    The Queenstown Bank of Maryland U.S. 50 And Maryland 18 Grasonville, MD 21638 Full Service B&M $53,084

    For 2018, The Queenstown Bank Of Maryland had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,058
    Net interest income $18,901
    Total noninterest income $1,259
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $634
    Trading account gains and fees $0
    Additional Noninterest Income $625
    Pre-tax net operating income $9,927
    Securities gains (or losses, -) $0
    Income before extraordinary items $7,248
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,248
    Minority interest net income $0
    Net income $7,248
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,248

    The Queenstown Bank Of Maryland's gross interest income from loans was $21,058,000.
    The Queenstown Bank Of Maryland's net interest income from loans was $18,901,000.
    The Queenstown Bank Of Maryland's fee based income from loans was $634,000.
    The Queenstown Bank Of Maryland's net income from loans was $7,248,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,157
    Provision for credit losses $300
    Total noninterest expense $9,933
    Salaries and employee benefits $6,195
    Premises and equipment expense $1,052
    Additional noninterest expense $2,686
    Applicable income taxes $2,679
    Net charge-offs $-370
    Cash dividends $4,198

    The Queenstown Bank Of Maryland's interest expense for loans was $2,157,000.
    The Queenstown Bank Of Maryland's payroll and benefits expense were $6,195,000.
    The Queenstown Bank Of Maryland's property, plant and equipment expenses $1,052,000.

    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 $401,767
    Deposits held in domestic offices $401,767
    Deposits by Individuals, partnerships, and corporations $373,105
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,662
    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 $143,222
    Demand deposits $104,780
    Nontransaction accounts $258,545
    Money market deposit accounts (MMDAs) $31,382
    Other savings deposits (excluding MMDAs) $69,372
    Total time deposits $157,791
    Total time and savings deposits $296,987
    Noninterest-bearing deposits $104,780
    Interest-bearing deposits $296,987
    Retail deposits $370,617
    IRAs and Keogh plan accounts $24,471
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $464,984
    Cash & Balances due from depository institutions $52,527
    Interest-bearing balances $46,652
    Total securities $15,542
    Federal funds sold & reverse repurchase $0
    Net loans and leases $375,931
    Loan and leases loss allowance $5,966
    Trading account assets $0
    Bank premises and fixed assets $5,461
    Other real estate owned $50
    Goodwill and other intangibles $0
    All other assets $15,473

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $464,984
    Total Liabilities $404,065
    Total deposits $401,767
    Interest-bearing deposits $296,987
    Deposits held in domestic offices $401,767
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,298

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $375,931
    Loan and leases loss allowance $5,966
    Total loans and leases (domestic) $381,897
    All real estate loans $354,669
    Real estate loans in domestic offices $354,669
    Construction and development loans $23,763
    Residential 1-4 family construction $9,505
    Other construction, all land development and other land $14,258
    Loans secured by nonfarm nonresidential properties $114,768
    Nonfarm nonresidential secured by owner-occupied properties $83,689
    Commercial real estate & other non-farm, non-residential $31,079
    Multifamily residential real estate $106
    1-4 family residential loans $177,767
    Farmland loans $38,265
    Loans held in foreign offices $0
    Farm loans $2,568
    Commercial and industrial loans $15,461
    To non-U.S. addressees $0
    Loans to individuals $7,604
    Credit card loans $0
    Related Plans $5
    Consumer Auto Loans $306
    Other loans to individuals $7,293
    All other loans & leases $1,595
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $349
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $5,810
    Non 1-4 family restructured loans & leases $1,394
    Total loans and leases (foreign) $0

    The Queenstown Bank of Maryland had $375,931,000 of loans outstanding in 2018. $354,669,000 of loans were in real estate loans. $23,763,000 of loans were in development loans. $106,000 of loans were in multifamily mortgage loans. $177,767,000 of loans were in 1-4 family mortgage loans. $2,568,000 of loans were in farm loans. $0 of loans were in credit card loans. $306,000 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 217 $50,219 $231,424
    Nonfarm, nonresidential loans - <$100k 33 $1,350 $40,909
    Nonfarm, nonresidential loans - $100-250k 85 $10,889 $128,106
    Nonfarm, nonresidential loans - $250k-1MM 99 $37,980 $383,636
    Commercial & Industrial, US addressed loans - <$1MM 282 $11,546 $40,943
    Commercial & Industrial, US addressed loans - <$100k 231 $4,125 $17,857
    Commercial & Industrial, US addressed loans - $100-250k 34 $2,799 $82,324
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $4,622 $271,882
    Farmland loans - <$1MM 27 $5,762 $213,407
    Farmland loans - <$100k 2 $63 $31,500
    Farmland loans - $100-250k 14 $1,964 $140,286
    Farmland loans - $250k-1MM 11 $3,735 $339,545
    Agriculture operations loans - <$1MM 54 $1,996 $36,963
    Agriculture operations loans - <$100k 49 $1,100 $22,449
    Agriculture operations loans - $100-250k 1 $82 $82,000
    Agriculture operations loans - $250k-1MM 4 $814 $203,500