Bank Of Bird-in-hand Mortgage Rates, Fees & Info

Lancaster, PA

LEI: 549300R4XILOL7HDRE77

Tax ID: 32-0412177

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

Review & Overview

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

Bank Of Bird-in-hand has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Bank Of Bird-in-hand is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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

188

Origination Dollar Volume (All Markets)

$35,040,000

Employee count

Awards

Bank of Bird-in-Hand 30 Year Conventional Loans gold

Show all (1) awards

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
LANCASTER, PA (FHA\|USDA\|VA)	157	$28,985,000	$184,618	$3,190	5.14%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	20	$3,750,000	$187,500	$3,510	5.22%
LEBANON, PA (FHA\|USDA\|VA)	2	$800,000	$400,000	$0	5.25%
HARRISBURG-CARLISLE, PA (FHA\|USDA\|VA)	4	$760,000	$190,000	$0	5.13%
READING, PA (FHA\|USDA\|VA)	3	$455,000	$151,667	$0	5.00%
Outside of Metro Areas	1	$205,000	$205,000	$0	5.00%
YORK-HANOVER, PA (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	5.50%

Bank Of Bird-in-hand's top markets include Lancaster, Philadelphia, Lebanon, Harrisburg, and Reading among others.

Their top states include:

Pennsylvania (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against Bank of Bird-in-Hand based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

PENNSYLVANIA STATE EMPLOYEES Credit Union
Similarity Rank: 114

HOWARD HANNA FINANCIAL SERVICES, INC.
Similarity Rank: 180

Bank of Bird-in-Hand
Similarity Rank: 364

CITADEL FEDERAL CREDIT UNION
Similarity Rank: 525

Univest Bank and Trust Co.
Similarity Rank: 783

The Ephrata National Bank
Similarity Rank: 897

Mortgage America, Inc.
Similarity Rank: 1073

PEOPLESBANK, A CODORUS VALLEY COMPANY
Similarity Rank: 1148

Homesale Mortgage, LLC
Similarity Rank: 1392

MEMBERS 1ST FEDERAL CREDIT UNION
Similarity Rank: 1512

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	188	$35,040,000	$186,383	$3,235	5.15%

For 2018, Bank Of Bird-in-hand's most frequently originated type of loan was Conventional, with 188 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	140	$25,540,000	$182,429	$3,602	5.17%
Refi	46	$9,180,000	$199,565	$1,628	5.10%
Home Improvement	2	$320,000	$160,000	$0	5.06%

For 2018, Bank Of Bird-in-hand's most frequently cited loan purpose was Home Purchase, with 140 originations. The 2nd most popular reason was Refi, with 46 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
20 Year	113	$20,915,000	$185,088	$255	5.11%
30 Year	41	$8,995,000	$219,390	$3,345	5.32%
15 Year	12	$1,030,000	$85,833	$0	5.06%
10 Year	11	$1,245,000	$113,182	$1,714	4.95%
Other	9	$2,725,000	$302,778	$0	5.15%
3 Year	1	$55,000	$55,000	$0	4.63%
5 Year	1	$75,000	$75,000	$0	5.50%

For 2018, Bank Of Bird-in-hand's most frequently cited loan duration was 20 Year, with 113 originations. The 2nd most popular length was 30 Year, with 41 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	33	$7,405,000	$224,394
$<1k	8	$920,000	$115,000
$2k-3k	2	$880,000	$440,000

Bank Of Bird-in-hand's average total fees were $3,345, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 33 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
5-6%	105	$21,485,000	$204,619
4-5%	82	$13,420,000	$163,659
3-4%	1	$135,000	$135,000

During 2018, Bank Of Bird-in-hand's average interest rate for loans was 5.32%, while their most frequently originated rate bucket for loans was 5-6%, with 105 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	75	$11,405,000	$152,067	$2,131	5.16%
$200k-400k	55	$14,025,000	$255,000	$3,762	5.18%
$100,000 or less	50	$3,420,000	$68,400	$2,311	5.09%
$400k-600k	4	$1,900,000	$475,000	$6,839	5.19%
$1MM+	2	$2,740,000	$1,370,000	$0	5.30%
$600k-1MM	2	$1,550,000	$775,000	$0	5.23%

2018 saw Bank Of Bird-in-hand place emphasis on $100k-200k loans with 75 originations, totaling $11,405,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	52	$7,910,000	$152,115	$3,268	5.22%
$50k-75k	46	$7,840,000	$170,435	$2,909	5.14%
$75k-100k	18	$3,440,000	$191,111	$3,483	4.99%
$100k-150k	11	$2,695,000	$245,000	$4,078	5.40%
$150k-250k	8	$1,480,000	$185,000	$0	5.01%
$250k+	7	$2,615,000	$373,571	$0	5.05%

Bank Of Bird-in-hand lent most frequently to those with incomes in the $50k or less range, with 52 originations. The second most popular income band? $50k-75k, with 46 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
44%	8	$2,010,000	$251,250	$3,328	5.25%
43%	6	$1,160,000	$193,333	$3,036	5.46%
20-30%	5	$835,000	$167,000	$2,308	5.35%
45%	4	$990,000	$247,500	$4,253	5.31%
46%	3	$685,000	$228,333	$3,697	5.50%
30-36%	3	$495,000	$165,000	$2,316	5.17%
41%	2	$370,000	$185,000	$3,298	5.13%
47%	1	$265,000	$265,000	$4,444	5.50%
48%	1	$255,000	$255,000	$3,808	5.25%
49%	1	$245,000	$245,000	$3,856	5.50%
50-60%	1	$315,000	$315,000	$4,924	5.50%
<20%	1	$55,000	$55,000	$2,908	4.75%
>60%	1	$295,000	$295,000	$2,260	5.50%
36%	1	$205,000	$205,000	$3,348	4.75%
37%	1	$165,000	$165,000	$1,200	5.50%
38%	1	$125,000	$125,000	$2,594	5.50%
39%	1	$225,000	$225,000	$3,966	5.50%
40%	1	$205,000	$205,000	$2,953	4.75%
42%	1	$305,000	$305,000	$4,823	5.50%

Bank Of Bird-in-hand lent most frequently to those with DTI ratios of 44%, with 8 originations. The next most common DTI ratio? 43%, with 6 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	144	$26,180,000	$181,806	$3,232	5.16%
Not applicable	43	$8,655,000	$201,279	$0	5.13%
	1	$205,000	$205,000	$3,348	4.75%

Approval Rates

Total approvals of all applications
98.54%

Bank Of Bird-in-hand 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
93.09%

Bank Of Bird-in-hand has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	188	$35,040,000	$186,383

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	12	$4,140,000	$345,000
Single Family (1-4 Units):Manufactured	4	$680,000	$170,000
Single Family (1-4 Units):Site-Built	172	$30,220,000	$175,698

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	15	$1,895,000	$126,333	$2,311	5.05%
40-60%	22	$4,120,000	$187,273	$2,769	5.22%
60-80%	85	$15,845,000	$186,412	$3,135	5.11%
80-100%	58	$12,010,000	$207,069	$3,541	5.21%
Under 20%	8	$1,170,000	$146,250	$4,455	5.06%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
BANK OF THE WEST	Home equity loan or line of credit (HELOC)	Applying for a mortgage or refinancing an existing mortgage	4	14.8%
BANK OF THE WEST	Conventional home mortgage	Trouble during payment process	1	3.7%
BANK OF THE WEST	Conventional home mortgage	Struggling to pay mortgage	1	3.7%
BANK OF THE WEST	Conventional home mortgage	Closing on a mortgage	2	7.4%
BANK OF THE WEST	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	4	14.8%
BANK OF THE WEST	Home equity loan or line of credit (HELOC)	Closing on a mortgage	1	3.7%
BANK OF THE WEST	FHA mortgage	Closing on a mortgage	1	3.7%
BANK OF THE WEST	VA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	3.7%
BANK OF THE WEST	Other type of mortgage	Trouble during payment process	3	11.1%
BANK OF THE WEST	Other type of mortgage	Applying for a mortgage or refinancing an existing mortgage	1	3.7%
BANK OF THE WEST	Home equity loan or line of credit (HELOC)	Trouble during payment process	5	18.5%
BANK OF THE WEST	Home equity loan or line of credit (HELOC)	Struggling to pay mortgage	1	3.7%
BANK OF THE WEST	Home equity loan or line of credit (HELOC)	Incorrect information on your report	2	7.4%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Bank of Bird-in-Hand	3540 Old Philadelphia Pike Intercourse, PA 17534	Full Service B&M	$65,258
Bank of Bird-in-Hand	309 North Ronks Road Bird In Hand, PA 17505	Limited, Mobile/Seasonal Office	$2,062
Bank of Bird-in-Hand	309 North Ronks Road Bird In Hand, PA 17505	Full Service B&M	$182,022

For 2018, Bank Of Bird-in-hand had 3 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$12,537
Net interest income	$9,232
Total noninterest income	$859
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$245
Trading account gains and fees	$0
Additional Noninterest Income	$614
Pre-tax net operating income	$3,944
Securities gains (or losses, -)	$0
Income before extraordinary items	$2,872
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$2,872
Minority interest net income	$0
Net income	$2,872
Sale, conversion, retirement of capital stock, net	$20,018
Net operating income	$2,872

Bank Of Bird-in-hand's gross interest income from loans was $12,537,000.
Bank Of Bird-in-hand's net interest income from loans was $9,232,000.
Bank Of Bird-in-hand's fee based income from loans was $245,000.
Bank Of Bird-in-hand's net income from loans was $2,872,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,305
Provision for credit losses	$667
Total noninterest expense	$5,480
Salaries and employee benefits	$3,066
Premises and equipment expense	$501
Additional noninterest expense	$1,913
Applicable income taxes	$1,072
Net charge-offs	$5
Cash dividends	$0

Bank Of Bird-in-hand's interest expense for loans was $3,305,000.
Bank Of Bird-in-hand's payroll and benefits expense were $3,066,000.
Bank Of Bird-in-hand's property, plant and equipment expenses $501,000.

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	$285,378
Deposits held in domestic offices	$285,378
Deposits by Individuals, partnerships, and corporations	$279,113
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$1,308
Deposits by Commercial banks and other depository institutions in U.S.	$4,957
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$96,597
Demand deposits	$96,597
Nontransaction accounts	$188,781
Money market deposit accounts (MMDAs)	$82,756
Other savings deposits (excluding MMDAs)	$9,351
Total time deposits	$96,674
Total time and savings deposits	$188,781
Noninterest-bearing deposits	$33,137
Interest-bearing deposits	$252,241
Retail deposits	$269,599
IRAs and Keogh plan accounts	$3,398
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$358,230
Cash & Balances due from depository institutions	$33,231
Interest-bearing balances	$24,529
Total securities	$0
Federal funds sold & reverse repurchase	$5,200
Net loans and leases	$311,097
Loan and leases loss allowance	$2,665
Trading account assets	$0
Bank premises and fixed assets	$1,378
Other real estate owned	$0
Goodwill and other intangibles	$0
All other assets	$7,324

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$358,230
Total Liabilities	$306,096
Total deposits	$285,378
Interest-bearing deposits	$252,241
Deposits held in domestic offices	$285,378
% insured (estimated)	$73
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$20,000
Subordinated debt	$0
All other liabilities	$718

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$311,097
Loan and leases loss allowance	$2,665
Total loans and leases (domestic)	$313,762
All real estate loans	$276,780
Real estate loans in domestic offices	$276,780
Construction and development loans	$3,317
Residential 1-4 family construction	$0
Other construction, all land development and other land	$3,317
Loans secured by nonfarm nonresidential properties	$40,113
Nonfarm nonresidential secured by owner-occupied properties	$32,225
Commercial real estate & other non-farm, non-residential	$7,888
Multifamily residential real estate	$7,221
1-4 family residential loans	$104,181
Farmland loans	$121,948
Loans held in foreign offices	$0
Farm loans	$9,433
Commercial and industrial loans	$27,286
To non-U.S. addressees	$0
Loans to individuals	$162
Credit card loans	$0
Related Plans	$162
Consumer Auto Loans	$0
Other loans to individuals	$0
All other loans & leases	$101
Loans to foreign governments and official institutions	$0
Other loans	$101
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$116
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

Bank of Bird-in-Hand had $311,097,000 of loans outstanding in 2018. $276,780,000 of loans were in real estate loans. $3,317,000 of loans were in development loans. $7,221,000 of loans were in multifamily mortgage loans. $104,181,000 of loans were in 1-4 family mortgage loans. $9,433,000 of loans were in farm loans. $0 of loans were in credit card loans. $0 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	64	$13,815	$215,859
Nonfarm, nonresidential loans - <$100k	13	$572	$44,000
Nonfarm, nonresidential loans - $100-250k	20	$2,813	$140,650
Nonfarm, nonresidential loans - $250k-1MM	31	$10,430	$336,452
Commercial & Industrial, US addressed loans - <$1MM	360	$19,444	$54,011
Commercial & Industrial, US addressed loans - <$100k	257	$5,261	$20,471
Commercial & Industrial, US addressed loans - $100-250k	52	$4,181	$80,404
Commercial & Industrial, US addressed loans - $250k-1MM	51	$10,002	$196,118
Farmland loans - <$1MM	262	$47,831	$182,561
Farmland loans - <$100k	66	$2,983	$45,197
Farmland loans - $100-250k	75	$10,044	$133,920
Farmland loans - $250k-1MM	121	$34,804	$287,636
Agriculture operations loans - <$1MM	235	$9,334	$39,719
Agriculture operations loans - <$100k	201	$4,657	$23,169
Agriculture operations loans - $100-250k	30	$3,183	$106,100
Agriculture operations loans - $250k-1MM	4	$1,494	$373,500