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, Easton, Salisbury, Washington, and Cambridge among others. We have data for 8 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

    142

    Origination Dollar Volume (All Markets)

    $38,670,000

    Employee count

    94

    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) 75 $25,125,000 $335,000 $0 0.00%
    Easton, MD (FHA|USDA|VA) 21 $5,565,000 $265,000 $0 0.00%
    Outside of Metro Areas 31 $5,095,000 $164,355 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 3 $1,195,000 $398,333 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $725,000 $725,000 $0 0.00%
    Cambridge, MD (FHA|USDA|VA) 8 $590,000 $73,750 $0 0.00%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    DOVER, DE (FHA|USDA|VA) 2 $120,000 $60,000 $0 0.00%
    The Queenstown Bank Of Maryland's top markets include Baltimore, Easton, Salisbury, Washington, and Cambridge 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 142 $38,670,000 $272,324 $0 0.00%

    For 2020, The Queenstown Bank Of Maryland's most frequently originated type of loan was Conventional, with 142 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 97 $24,935,000 $257,062 $0 0.00%
    Refi 41 $12,875,000 $314,024 $0 0.00%
    Home Improvement 4 $860,000 $215,000 $0 0.00%

    For 2020, The Queenstown Bank Of Maryland's most frequently cited loan purpose was Home Purchase, with 97 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 142 $38,670,000 $272,324 $0 0.00%

    For 2020, The Queenstown Bank Of Maryland's most frequently cited loan duration was Other, with 142 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 56 $8,340,000 $148,929 $0 0.00%
    $200k-400k 40 $11,060,000 $276,500 $0 0.00%
    $100,000 or less 27 $1,755,000 $65,000 $0 0.00%
    $400k-600k 8 $3,600,000 $450,000 $0 0.00%
    $600k-1MM 7 $5,535,000 $790,714 $0 0.00%
    $1MM+ 4 $8,380,000 $2,095,000 $0 0.00%

    2020 saw The Queenstown Bank Of Maryland place emphasis on $100k-200k loans with 56 originations, totaling $8,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 23 $2,525,000 $109,783 $0 0.00%
    $150k-250k 22 $7,230,000 $328,636 $0 0.00%
    $250k+ 20 $11,310,000 $565,500 $0 0.00%
    $75k-100k 20 $4,190,000 $209,500 $0 0.00%
    $100k-150k 19 $4,345,000 $228,684 $0 0.00%
    $50k-75k 19 $2,665,000 $140,263 $0 0.00%

    The Queenstown Bank Of Maryland lent most frequently to those with incomes in the $50k or less range, with 23 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% 142 $38,670,000 $272,324 $0 0.00%

    The Queenstown Bank Of Maryland lent most frequently to those with DTI ratios of Exempt%, with 142 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 117 $30,685,000 $262,265 $0 0.00%
    Not applicable 19 $6,405,000 $337,105 $0 0.00%
    Not provided 2 $980,000 $490,000 $0 0.00%
    Black 4 $600,000 $150,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.95%

    The Queenstown Bank Of Maryland has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.94%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 142 $38,670,000 $272,324

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $805,000 $805,000
    Single Family (1-4 Units):Manufactured 24 $1,930,000 $80,417
    Single Family (1-4 Units):Site-Built 117 $35,935,000 $307,137

    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 $28,855
    The Queenstown Bank of Maryland 204a East 6th Street Ridgely, MD 21660 Full Service B&M $12,244
    The Queenstown Bank of Maryland 274 North Washington Street Easton, MD 21601 Full Service B&M $34,663
    The Queenstown Bank of Maryland 7101 Main Street Queenstown, MD 21658 Full Service B&M $149,154
    The Queenstown Bank of Maryland Castle Marina Road And U.S. Routes 50-301 Chester, MD 21619 Full Service B&M $65,309
    The Queenstown Bank of Maryland Route 213 And Coursevall Drive Centreville, MD 21617 Full Service B&M $65,961
    The Queenstown Bank of Maryland Routes 8 And 18 Stevensville, MD 21666 Full Service B&M $63,274
    The Queenstown Bank of Maryland U.S. 50 And Maryland 18 Grasonville, MD 21638 Full Service B&M $57,489

    For 2020, The Queenstown Bank Of Maryland had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,888
    Net interest income $18,168
    Total noninterest income $1,403
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $402
    Trading account gains and fees $0
    Additional Noninterest Income $1,001
    Pre-tax net operating income $7,264
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,414
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,414
    Minority interest net income $0
    Net income $5,414
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,414

    The Queenstown Bank Of Maryland's gross interest income from loans was $20,888,000.
    The Queenstown Bank Of Maryland's net interest income from loans was $18,168,000.
    The Queenstown Bank Of Maryland's fee based income from loans was $402,000.
    The Queenstown Bank Of Maryland's net income from loans was $5,414,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,720
    Provision for credit losses $1,600
    Total noninterest expense $10,707
    Salaries and employee benefits $6,671
    Premises and equipment expense $1,037
    Additional noninterest expense $2,999
    Applicable income taxes $1,850
    Net charge-offs $182
    Cash dividends $2,989

    The Queenstown Bank Of Maryland's interest expense for loans was $2,720,000.
    The Queenstown Bank Of Maryland's payroll and benefits expense were $6,671,000.
    The Queenstown Bank Of Maryland's property, plant and equipment expenses $1,037,000.

    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 $505,718
    Deposits held in domestic offices $505,718
    Deposits by Individuals, partnerships, and corporations $460,474
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $45,244
    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 $217,868
    Demand deposits $150,882
    Nontransaction accounts $287,850
    Money market deposit accounts (MMDAs) $41,230
    Other savings deposits (excluding MMDAs) $89,784
    Total time deposits $156,836
    Total time and savings deposits $354,836
    Noninterest-bearing deposits $150,882
    Interest-bearing deposits $354,837
    Retail deposits $467,984
    IRAs and Keogh plan accounts $22,669
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $576,950
    Cash & Balances due from depository institutions $76,500
    Interest-bearing balances $71,298
    Total securities $81,941
    Federal funds sold & reverse repurchase $0
    Net loans and leases $394,510
    Loan and leases loss allowance $7,170
    Trading account assets $0
    Bank premises and fixed assets $6,346
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $17,653

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $576,950
    Total Liabilities $508,815
    Total deposits $505,718
    Interest-bearing deposits $354,837
    Deposits held in domestic offices $505,718
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,097

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $394,510
    Loan and leases loss allowance $7,170
    Total loans and leases (domestic) $401,680
    All real estate loans $366,030
    Real estate loans in domestic offices $366,030
    Construction and development loans $30,602
    Residential 1-4 family construction $9,116
    Other construction, all land development and other land $21,486
    Loans secured by nonfarm nonresidential properties $123,378
    Nonfarm nonresidential secured by owner-occupied properties $87,899
    Commercial real estate & other non-farm, non-residential $35,479
    Multifamily residential real estate $302
    1-4 family residential loans $177,720
    Farmland loans $34,028
    Loans held in foreign offices $0
    Farm loans $2,556
    Commercial and industrial loans $25,055
    To non-U.S. addressees $0
    Loans to individuals $6,715
    Credit card loans $0
    Related Plans $9
    Consumer Auto Loans $325
    Other loans to individuals $6,381
    All other loans & leases $1,324
    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 $149
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $5,073
    Non 1-4 family restructured loans & leases $1,070
    Total loans and leases (foreign) $0

    The Queenstown Bank of Maryland had $394,510,000 of loans outstanding in 2020. $366,030,000 of loans were in real estate loans. $30,602,000 of loans were in development loans. $302,000 of loans were in multifamily mortgage loans. $177,720,000 of loans were in 1-4 family mortgage loans. $2,556,000 of loans were in farm loans. $0 of loans were in credit card loans. $325,000 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 $52,007 $239,664
    Nonfarm, nonresidential loans - <$100k 24 $716 $29,833
    Nonfarm, nonresidential loans - $100-250k 80 $9,626 $120,325
    Nonfarm, nonresidential loans - $250k-1MM 113 $41,665 $368,717
    Commercial & Industrial, US addressed loans - <$1MM 515 $23,508 $45,647
    Commercial & Industrial, US addressed loans - <$100k 429 $9,814 $22,876
    Commercial & Industrial, US addressed loans - $100-250k 56 $5,770 $103,036
    Commercial & Industrial, US addressed loans - $250k-1MM 30 $7,924 $264,133
    Farmland loans - <$1MM 17 $3,358 $197,529
    Farmland loans - <$100k 3 $36 $12,000
    Farmland loans - $100-250k 3 $270 $90,000
    Farmland loans - $250k-1MM 11 $3,052 $277,455
    Agriculture operations loans - <$1MM 36 $1,218 $33,833
    Agriculture operations loans - <$100k 33 $652 $19,758
    Agriculture operations loans - $100-250k 1 $60 $60,000
    Agriculture operations loans - $250k-1MM 2 $506 $253,000