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 Dover 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

    137

    Origination Dollar Volume (All Markets)

    $36,225,000

    Employee count

    93

    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) 76 $23,700,000 $311,842 $0 0.00%
    Outside of Metro Areas 33 $6,085,000 $184,394 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 8 $3,450,000 $431,250 $0 0.00%
    Easton, MD (FHA|USDA|VA) 17 $2,855,000 $167,941 $0 0.00%
    Cambridge, MD (FHA|USDA|VA) 2 $70,000 $35,000 $0 0.00%
    DOVER, DE (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    The Queenstown Bank Of Maryland's top markets include Baltimore, Salisbury, Easton, Cambridge, and Dover 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 137 $36,225,000 $264,416 $0 0.00%

    For 2019, The Queenstown Bank Of Maryland'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
    Home Purchase 90 $23,710,000 $263,444 $0 0.00%
    Refi 41 $11,825,000 $288,415 $0 0.00%
    Home Improvement 6 $690,000 $115,000 $0 0.00%

    For 2019, The Queenstown Bank Of Maryland's most frequently cited loan purpose was Home Purchase, with 90 originations. The 2nd most popular reason was Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 137 $36,225,000 $264,416 $0 0.00%

    For 2019, The Queenstown Bank Of Maryland'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 50 $7,070,000 $141,400 $0 0.00%
    $200k-400k 43 $11,475,000 $266,860 $0 0.00%
    $100,000 or less 28 $1,810,000 $64,643 $0 0.00%
    $400k-600k 7 $3,365,000 $480,714 $0 0.00%
    $1MM+ 6 $10,300,000 $1,716,667 $0 0.00%
    $600k-1MM 3 $2,205,000 $735,000 $0 0.00%

    2019 saw The Queenstown Bank Of Maryland place emphasis on $100k-200k loans with 50 originations, totaling $7,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 30 $15,670,000 $522,333 $0 0.00%
    $150k-250k 22 $7,590,000 $345,000 $0 0.00%
    $50k-75k 18 $2,750,000 $152,778 $0 0.00%
    $100k-150k 16 $3,330,000 $208,125 $0 0.00%
    $50k or less 16 $1,510,000 $94,375 $0 0.00%
    $75k-100k 14 $2,280,000 $162,857 $0 0.00%

    The Queenstown Bank Of Maryland lent most frequently to those with incomes in the $250k+ range, with 30 originations. The second most popular income band? $150k-250k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 137 $36,225,000 $264,416 $0 0.00%

    The Queenstown Bank Of Maryland 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 110 $31,980,000 $290,727 $0 0.00%
    Not applicable 21 $3,095,000 $147,381 $0 0.00%
    Black 5 $645,000 $129,000 $0 0.00%
    Other Asian 1 $505,000 $505,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.34%

    The Queenstown Bank Of Maryland has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.02%

    The Queenstown Bank Of Maryland has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 137 $36,225,000 $264,416

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $225,000 $225,000
    Single Family (1-4 Units):Manufactured 16 $1,530,000 $95,625
    Single Family (1-4 Units):Site-Built 120 $34,470,000 $287,250

    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 $24,403
    The Queenstown Bank of Maryland 204a East 6th Street Ridgely, MD 21660 Full Service B&M $10,221
    The Queenstown Bank of Maryland 274 North Washington Street Easton, MD 21601 Full Service B&M $33,711
    The Queenstown Bank of Maryland 7101 Main Street Queenstown, MD 21658 Full Service B&M $115,541
    The Queenstown Bank of Maryland Castle Marina Road And U.S. Routes 50-301 Chester, MD 21619 Full Service B&M $53,688
    The Queenstown Bank of Maryland Route 213 And Coursevall Drive Centreville, MD 21617 Full Service B&M $57,552
    The Queenstown Bank of Maryland Routes 8 And 18 Stevensville, MD 21666 Full Service B&M $54,199
    The Queenstown Bank of Maryland U.S. 50 And Maryland 18 Grasonville, MD 21638 Full Service B&M $53,343

    For 2019, The Queenstown Bank Of Maryland had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,603
    Net interest income $19,147
    Total noninterest income $1,417
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $594
    Trading account gains and fees $0
    Additional Noninterest Income $823
    Pre-tax net operating income $10,261
    Securities gains (or losses, -) $0
    Income before extraordinary items $7,539
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,539
    Minority interest net income $0
    Net income $7,539
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,539

    The Queenstown Bank Of Maryland's gross interest income from loans was $21,603,000.
    The Queenstown Bank Of Maryland's net interest income from loans was $19,147,000.
    The Queenstown Bank Of Maryland's fee based income from loans was $594,000.
    The Queenstown Bank Of Maryland's net income from loans was $7,539,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,456
    Provision for credit losses $0
    Total noninterest expense $10,303
    Salaries and employee benefits $6,562
    Premises and equipment expense $989
    Additional noninterest expense $2,752
    Applicable income taxes $2,722
    Net charge-offs $214
    Cash dividends $3,130

    The Queenstown Bank Of Maryland's interest expense for loans was $2,456,000.
    The Queenstown Bank Of Maryland's payroll and benefits expense were $6,562,000.
    The Queenstown Bank Of Maryland's property, plant and equipment expenses $989,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 2.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    All other family 0.0%
    Commercial & industrial loans 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 $404,914
    Deposits held in domestic offices $404,914
    Deposits by Individuals, partnerships, and corporations $366,278
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $38,636
    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 $154,866
    Demand deposits $105,530
    Nontransaction accounts $250,048
    Money market deposit accounts (MMDAs) $29,767
    Other savings deposits (excluding MMDAs) $72,690
    Total time deposits $147,591
    Total time and savings deposits $299,384
    Noninterest-bearing deposits $105,530
    Interest-bearing deposits $299,383
    Retail deposits $377,279
    IRAs and Keogh plan accounts $23,062
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $473,095
    Cash & Balances due from depository institutions $46,307
    Interest-bearing balances $40,936
    Total securities $15,327
    Federal funds sold & reverse repurchase $0
    Net loans and leases $390,157
    Loan and leases loss allowance $5,752
    Trading account assets $0
    Bank premises and fixed assets $5,798
    Other real estate owned $89
    Goodwill and other intangibles $0
    All other assets $15,417

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $473,095
    Total Liabilities $407,509
    Total deposits $404,914
    Interest-bearing deposits $299,383
    Deposits held in domestic offices $404,914
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,595

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $390,157
    Loan and leases loss allowance $5,752
    Total loans and leases (domestic) $395,909
    All real estate loans $371,167
    Real estate loans in domestic offices $371,167
    Construction and development loans $30,011
    Residential 1-4 family construction $12,880
    Other construction, all land development and other land $17,131
    Loans secured by nonfarm nonresidential properties $119,378
    Nonfarm nonresidential secured by owner-occupied properties $81,545
    Commercial real estate & other non-farm, non-residential $37,833
    Multifamily residential real estate $314
    1-4 family residential loans $185,272
    Farmland loans $36,192
    Loans held in foreign offices $0
    Farm loans $1,970
    Commercial and industrial loans $14,155
    To non-U.S. addressees $0
    Loans to individuals $7,152
    Credit card loans $0
    Related Plans $18
    Consumer Auto Loans $319
    Other loans to individuals $6,815
    All other loans & leases $1,465
    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 $308
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $5,545
    Non 1-4 family restructured loans & leases $1,291
    Total loans and leases (foreign) $0

    The Queenstown Bank of Maryland had $390,157,000 of loans outstanding in 2019. $371,167,000 of loans were in real estate loans. $30,011,000 of loans were in development loans. $314,000 of loans were in multifamily mortgage loans. $185,272,000 of loans were in 1-4 family mortgage loans. $1,970,000 of loans were in farm loans. $0 of loans were in credit card loans. $319,000 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 221 $52,190 $236,154
    Nonfarm, nonresidential loans - <$100k 29 $1,004 $34,621
    Nonfarm, nonresidential loans - $100-250k 82 $9,882 $120,512
    Nonfarm, nonresidential loans - $250k-1MM 110 $41,304 $375,491
    Commercial & Industrial, US addressed loans - <$1MM 268 $11,409 $42,571
    Commercial & Industrial, US addressed loans - <$100k 206 $3,377 $16,393
    Commercial & Industrial, US addressed loans - $100-250k 40 $3,398 $84,950
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $4,634 $210,636
    Farmland loans - <$1MM 25 $5,204 $208,160
    Farmland loans - <$100k 3 $45 $15,000
    Farmland loans - $100-250k 8 $1,095 $136,875
    Farmland loans - $250k-1MM 14 $4,064 $290,286
    Agriculture operations loans - <$1MM 50 $1,589 $31,780
    Agriculture operations loans - <$100k 47 $1,076 $22,894
    Agriculture operations loans - $100-250k 1 $72 $72,000
    Agriculture operations loans - $250k-1MM 2 $441 $220,500