Woodlands Bank Mortgage Rates, Fees & Info

Williamsport, PA

LEI: 549300RMBMOU2J1VK478

Tax ID: 23-2579286

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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

    Woodlands Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Woodlands Bank has a high proportion of conventional loans. Their top markets by origination volume include: Williamsport, Lock Haven, Sunbury, Bloomsburg, and Lewisburg among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Woodlands Bank 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.

    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

    212

    Origination Dollar Volume (All Markets)

    $27,160,000

    Employee count

    101

    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
    WILLIAMSPORT, PA (FHA|USDA|VA) 179 $22,905,000 $127,961 $0 0.00%
    Lock Haven, PA (FHA|USDA|VA) 21 $2,475,000 $117,857 $0 0.00%
    Sunbury, PA (FHA|USDA|VA) 6 $1,230,000 $205,000 $0 0.00%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 3 $395,000 $131,667 $0 0.00%
    Outside of Metro Areas 2 $140,000 $70,000 $0 0.00%
    Lewisburg, PA (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Woodlands Bank's top markets include Williamsport, Lock Haven, Sunbury, Bloomsburg, and Lewisburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 212 $27,160,000 $128,113 $0 0.00%

    For 2019, Woodlands Bank's most frequently originated type of loan was Conventional, with 212 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 107 $15,755,000 $147,243 $0 0.00%
    Cash Out Refi 52 $6,660,000 $128,077 $0 0.00%
    Refi 24 $3,720,000 $155,000 $0 0.00%
    Home Improvement 15 $515,000 $34,333 $0 0.00%
    Other 14 $510,000 $36,429 $0 0.00%

    For 2019, Woodlands Bank's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Cash Out Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 212 $27,160,000 $128,113 $0 0.00%

    For 2019, Woodlands Bank's most frequently cited loan duration was Other, with 212 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 92 $4,700,000 $51,087 $0 0.00%
    $100k-200k 82 $11,300,000 $137,805 $0 0.00%
    $200k-400k 33 $8,735,000 $264,697 $0 0.00%
    $400k-600k 4 $1,800,000 $450,000 $0 0.00%
    $600k-1MM 1 $625,000 $625,000 $0 0.00%

    2019 saw Woodlands Bank place emphasis on $100,000 or less loans with 92 originations, totaling $4,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 47 $5,055,000 $107,553 $0 0.00%
    $100k-150k 38 $5,970,000 $157,105 $0 0.00%
    $50k or less 34 $3,090,000 $90,882 $0 0.00%
    $75k-100k 24 $3,120,000 $130,000 $0 0.00%
    $150k-250k 22 $3,840,000 $174,545 $0 0.00%
    $250k+ 6 $1,290,000 $215,000 $0 0.00%

    Woodlands Bank lent most frequently to those with incomes in the $50k-75k range, with 47 originations. The second most popular income band? $100k-150k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 212 $27,160,000 $128,113 $0 0.00%

    Woodlands Bank lent most frequently to those with DTI ratios of Exempt%, with 212 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 176 $22,730,000 $129,148 $0 0.00%
    Not applicable 34 $4,030,000 $118,529 $0 0.00%
    Asian 1 $215,000 $215,000 $0 0.00%
    Asian Indian 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.88%

    Woodlands Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.92%

    Woodlands Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 212 $27,160,000 $128,113

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $705,000 $235,000
    Single Family (1-4 Units):Manufactured 1 $95,000 $95,000
    Single Family (1-4 Units):Site-Built 208 $26,360,000 $126,731

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Woodlands Bank 1146 Allegheny Street Jersey Shore, PA 17740 Full Service B&M $20,608
    Woodlands Bank 1980 West Fourth Street Williamsport, PA 17701 Full Service B&M $29,287
    Woodlands Bank 2 South Main Street Hughesville, PA 17737 Full Service B&M $12,511
    Woodlands Bank 202 North Jay Street Lock Haven, PA 17745 Full Service B&M $13,869
    Woodlands Bank 213 West Fourth Street Williamsport, PA 17701 Full Service B&M $30,142
    Woodlands Bank 2450 East Third Street Williamsport, PA 17701 Full Service B&M $196,542
    Woodlands Bank 618 West Southern Avenue, South Williamsport, PA 17701 Full Service B&M $39,071
    Woodlands Bank 973 Lycoming Mall Drive Pennsdale, PA 17756 Full Service B&M $31,120

    For 2019, Woodlands Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,055
    Net interest income $15,070
    Total noninterest income $3,703
    Gross Fiduciary activities income $1,073
    Service charges on deposit accounts $629
    Trading account gains and fees $0
    Additional Noninterest Income $2,001
    Pre-tax net operating income $6,500
    Securities gains (or losses, -) $73
    Income before extraordinary items $5,411
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,411
    Minority interest net income $0
    Net income $5,411
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,351

    Woodlands Bank's gross interest income from loans was $18,055,000.
    Woodlands Bank's net interest income from loans was $15,070,000.
    Woodlands Bank's fee based income from loans was $629,000.
    Woodlands Bank's net income from loans was $5,411,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,985
    Provision for credit losses $-400
    Total noninterest expense $12,673
    Salaries and employee benefits $7,375
    Premises and equipment expense $1,076
    Additional noninterest expense $4,222
    Applicable income taxes $1,162
    Net charge-offs $-308
    Cash dividends $1,573

    Woodlands Bank's interest expense for loans was $2,985,000.
    Woodlands Bank's payroll and benefits expense were $7,375,000.
    Woodlands Bank's property, plant and equipment expenses $1,076,000.

    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 3.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 10.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $352,007
    Deposits held in domestic offices $352,007
    Deposits by Individuals, partnerships, and corporations $313,095
    Deposits by U.S. Government $8
    Deposits by States and political subdivisions in the U.S. $36,891
    Deposits by Commercial banks and other depository institutions in U.S. $2,014
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $26,964
    Demand deposits $18,108
    Nontransaction accounts $325,044
    Money market deposit accounts (MMDAs) $152,563
    Other savings deposits (excluding MMDAs) $107,527
    Total time deposits $64,954
    Total time and savings deposits $333,900
    Noninterest-bearing deposits $93,491
    Interest-bearing deposits $258,516
    Retail deposits $344,438
    IRAs and Keogh plan accounts $17,847
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $415,569
    Cash & Balances due from depository institutions $13,126
    Interest-bearing balances $7,043
    Total securities $64,966
    Federal funds sold & reverse repurchase $0
    Net loans and leases $314,429
    Loan and leases loss allowance $3,831
    Trading account assets $0
    Bank premises and fixed assets $9,589
    Other real estate owned $282
    Goodwill and other intangibles $0
    All other assets $13,177

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $415,569
    Total Liabilities $370,136
    Total deposits $352,007
    Interest-bearing deposits $258,516
    Deposits held in domestic offices $352,007
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $2,832
    Trading liabilities $0
    Other borrowed funds $12,088
    Subordinated debt $0
    All other liabilities $3,209

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $314,429
    Loan and leases loss allowance $3,831
    Total loans and leases (domestic) $318,260
    All real estate loans $269,078
    Real estate loans in domestic offices $269,078
    Construction and development loans $11,849
    Residential 1-4 family construction $1,328
    Other construction, all land development and other land $10,521
    Loans secured by nonfarm nonresidential properties $96,963
    Nonfarm nonresidential secured by owner-occupied properties $62,766
    Commercial real estate & other non-farm, non-residential $34,197
    Multifamily residential real estate $11,565
    1-4 family residential loans $143,309
    Farmland loans $5,392
    Loans held in foreign offices $0
    Farm loans $480
    Commercial and industrial loans $41,817
    To non-U.S. addressees $0
    Loans to individuals $1,209
    Credit card loans $0
    Related Plans $408
    Consumer Auto Loans $241
    Other loans to individuals $560
    All other loans & leases $5,677
    Loans to foreign governments and official institutions $0
    Other loans $4,143
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,580
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,600
    Non 1-4 family restructured loans & leases $1,600
    Total loans and leases (foreign) $0

    Woodlands Bank had $314,429,000 of loans outstanding in 2019. $269,078,000 of loans were in real estate loans. $11,849,000 of loans were in development loans. $11,565,000 of loans were in multifamily mortgage loans. $143,309,000 of loans were in 1-4 family mortgage loans. $480,000 of loans were in farm loans. $0 of loans were in credit card loans. $241,000 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 145 $32,708 $225,572
    Nonfarm, nonresidential loans - <$100k 36 $1,271 $35,306
    Nonfarm, nonresidential loans - $100-250k 44 $5,383 $122,341
    Nonfarm, nonresidential loans - $250k-1MM 65 $26,054 $400,831
    Commercial & Industrial, US addressed loans - <$1MM 319 $24,792 $77,718
    Commercial & Industrial, US addressed loans - <$100k 221 $4,110 $18,597
    Commercial & Industrial, US addressed loans - $100-250k 52 $4,936 $94,923
    Commercial & Industrial, US addressed loans - $250k-1MM 46 $15,746 $342,304
    Farmland loans - <$1MM 10 $1,000 $100,000
    Farmland loans - <$100k 3 $208 $69,333
    Farmland loans - $100-250k 6 $494 $82,333
    Farmland loans - $250k-1MM 1 $298 $298,000
    Agriculture operations loans - <$1MM 17 $480 $28,235
    Agriculture operations loans - <$100k 16 $480 $30,000
    Agriculture operations loans - $100-250k 1 $0 $0