The Queenstown Bank Of Maryland Mortgage Rates, Fees & Info

Queenstown, MD

LEI: 549300MPX7PJGFD8HA09

Tax ID: 52-0453270

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

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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, Cambridge, Salisbury, and Washington among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Queenstown Bank Of Maryland 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.

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    Originations

    106

    Origination Dollar Volume (All Markets)

    $33,980,000

    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) 45 $16,185,000 $359,667 $0 0.00%
    Easton, MD (FHA|USDA|VA) 17 $6,765,000 $397,941 $0 0.00%
    Outside of Metro Areas 17 $4,355,000 $256,176 $0 0.00%
    Cambridge, MD (FHA|USDA|VA) 20 $3,970,000 $198,500 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 5 $1,875,000 $375,000 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $655,000 $655,000 $0 0.00%
    DOVER, DE (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    The Queenstown Bank Of Maryland's top markets include Baltimore, Easton, Cambridge, Salisbury, and Washington 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 106 $33,980,000 $320,566 $0 0.00%

    For 2021, The Queenstown Bank Of Maryland's most frequently originated type of loan was Conventional, with 106 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 66 $22,620,000 $342,727 $0 0.00%
    Refi 38 $11,200,000 $294,737 $0 0.00%
    Home Improvement 2 $160,000 $80,000 $0 0.00%

    For 2021, The Queenstown Bank Of Maryland's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 106 $33,980,000 $320,566 $0 0.00%

    For 2021, The Queenstown Bank Of Maryland's most frequently cited loan duration was Other, with 106 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 46 $13,480,000 $293,043 $0 0.00%
    $100k-200k 25 $3,495,000 $139,800 $0 0.00%
    $400k-600k 14 $7,090,000 $506,429 $0 0.00%
    $100,000 or less 11 $845,000 $76,818 $0 0.00%
    $600k-1MM 7 $5,255,000 $750,714 $0 0.00%
    $1MM+ 3 $3,815,000 $1,271,667 $0 0.00%

    2021 saw The Queenstown Bank Of Maryland place emphasis on $200k-400k loans with 46 originations, totaling $13,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 24 $7,300,000 $304,167 $0 0.00%
    $150k-250k 15 $5,515,000 $367,667 $0 0.00%
    $75k-100k 15 $3,125,000 $208,333 $0 0.00%
    $250k+ 14 $8,940,000 $638,571 $0 0.00%
    $50k-75k 13 $2,305,000 $177,308 $0 0.00%
    $50k or less 9 $1,025,000 $113,889 $0 0.00%

    The Queenstown Bank Of Maryland lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $150k-250k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 106 $33,980,000 $320,566 $0 0.00%

    The Queenstown Bank Of Maryland lent most frequently to those with DTI ratios of Exempt%, with 106 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $25,955,000 $305,353 $0 0.00%
    Not applicable 15 $5,475,000 $365,000 $0 0.00%
    Not provided 4 $1,840,000 $460,000 $0 0.00%
    Black 2 $710,000 $355,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.67%

    The Queenstown Bank Of Maryland has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.47%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 106 $33,980,000 $320,566

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    106 $33,980,000 $320,566

    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 $31,632
    The Queenstown Bank of Maryland 204a East 6th Street Ridgely, MD 21660 Full Service B&M $15,273
    The Queenstown Bank of Maryland 274 North Washington Street Easton, MD 21601 Full Service B&M $45,553
    The Queenstown Bank of Maryland 7101 Main Street Queenstown, MD 21658 Full Service B&M $160,305
    The Queenstown Bank of Maryland Castle Marina Road And U.S. Routes 50-301 Chester, MD 21619 Full Service B&M $71,029
    The Queenstown Bank of Maryland Route 213 And Coursevall Drive Centreville, MD 21617 Full Service B&M $74,143
    The Queenstown Bank of Maryland Routes 8 And 18 Stevensville, MD 21666 Full Service B&M $74,919
    The Queenstown Bank of Maryland U.S. 50 And Maryland 18 Grasonville, MD 21638 Full Service B&M $76,006

    For 2021, The Queenstown Bank Of Maryland had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,275
    Net interest income $19,511
    Total noninterest income $1,659
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $363
    Trading account gains and fees $0
    Additional Noninterest Income $1,296
    Pre-tax net operating income $9,402
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,974
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,974
    Minority interest net income $0
    Net income $6,974
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,974

    The Queenstown Bank Of Maryland's gross interest income from loans was $21,275,000.
    The Queenstown Bank Of Maryland's net interest income from loans was $19,511,000.
    The Queenstown Bank Of Maryland's fee based income from loans was $363,000.
    The Queenstown Bank Of Maryland's net income from loans was $6,974,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,764
    Provision for credit losses $0
    Total noninterest expense $11,768
    Salaries and employee benefits $7,235
    Premises and equipment expense $1,127
    Additional noninterest expense $3,406
    Applicable income taxes $2,428
    Net charge-offs $-231
    Cash dividends $3,000

    The Queenstown Bank Of Maryland's interest expense for loans was $1,764,000.
    The Queenstown Bank Of Maryland's payroll and benefits expense were $7,235,000.
    The Queenstown Bank Of Maryland's property, plant and equipment expenses $1,127,000.

    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 $584,909
    Deposits held in domestic offices $584,909
    Deposits by Individuals, partnerships, and corporations $531,529
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $53,380
    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 $273,606
    Demand deposits $189,333
    Nontransaction accounts $311,303
    Money market deposit accounts (MMDAs) $63,116
    Other savings deposits (excluding MMDAs) $111,239
    Total time deposits $136,948
    Total time and savings deposits $395,576
    Noninterest-bearing deposits $189,333
    Interest-bearing deposits $395,576
    Retail deposits $557,756
    IRAs and Keogh plan accounts $22,884
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $658,073
    Cash & Balances due from depository institutions $74,846
    Interest-bearing balances $70,310
    Total securities $177,863
    Federal funds sold & reverse repurchase $0
    Net loans and leases $377,703
    Loan and leases loss allowance $7,401
    Trading account assets $0
    Bank premises and fixed assets $6,301
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $21,360

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $658,073
    Total Liabilities $588,292
    Total deposits $584,909
    Interest-bearing deposits $395,576
    Deposits held in domestic offices $584,909
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,383

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $377,703
    Loan and leases loss allowance $7,401
    Total loans and leases (domestic) $385,104
    All real estate loans $362,508
    Real estate loans in domestic offices $362,508
    Construction and development loans $37,215
    Residential 1-4 family construction $14,022
    Other construction, all land development and other land $23,193
    Loans secured by nonfarm nonresidential properties $133,916
    Nonfarm nonresidential secured by owner-occupied properties $89,001
    Commercial real estate & other non-farm, non-residential $44,915
    Multifamily residential real estate $1,430
    1-4 family residential loans $158,694
    Farmland loans $31,253
    Loans held in foreign offices $0
    Farm loans $1,961
    Commercial and industrial loans $14,079
    To non-U.S. addressees $0
    Loans to individuals $6,152
    Credit card loans $0
    Related Plans $18
    Consumer Auto Loans $322
    Other loans to individuals $5,812
    All other loans & leases $404
    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 $74
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,196
    Non 1-4 family restructured loans & leases $850
    Total loans and leases (foreign) $0

    The Queenstown Bank of Maryland had $377,703,000 of loans outstanding in 2021. $362,508,000 of loans were in real estate loans. $37,215,000 of loans were in development loans. $1,430,000 of loans were in multifamily mortgage loans. $158,694,000 of loans were in 1-4 family mortgage loans. $1,961,000 of loans were in farm loans. $0 of loans were in credit card loans. $322,000 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 208 $55,476 $266,712
    Nonfarm, nonresidential loans - <$100k 20 $579 $28,950
    Nonfarm, nonresidential loans - $100-250k 71 $8,227 $115,873
    Nonfarm, nonresidential loans - $250k-1MM 117 $46,670 $398,889
    Commercial & Industrial, US addressed loans - <$1MM 231 $8,839 $38,264
    Commercial & Industrial, US addressed loans - <$100k 177 $2,702 $15,266
    Commercial & Industrial, US addressed loans - $100-250k 32 $2,408 $75,250
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $3,729 $169,500
    Farmland loans - <$1MM 14 $2,794 $199,571
    Farmland loans - <$100k 2 $12 $6,000
    Farmland loans - $100-250k 4 $395 $98,750
    Farmland loans - $250k-1MM 8 $2,387 $298,375
    Agriculture operations loans - <$1MM 31 $953 $30,742
    Agriculture operations loans - <$100k 27 $434 $16,074
    Agriculture operations loans - $100-250k 1 $48 $48,000
    Agriculture operations loans - $250k-1MM 3 $471 $157,000