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, Refi, 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, State College, and Bloomsburg among others. We have data for 7 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

    281

    Origination Dollar Volume (All Markets)

    $49,155,000

    Employee count

    104

    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) 242 $41,860,000 $172,975 $0 0.00%
    Lock Haven, PA (FHA|USDA|VA) 20 $3,290,000 $164,500 $0 0.00%
    Sunbury, PA (FHA|USDA|VA) 10 $1,610,000 $161,000 $0 0.00%
    STATE COLLEGE, PA (FHA|USDA|VA) 2 $900,000 $450,000 $0 0.00%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 3 $805,000 $268,333 $0 0.00%
    Lewisburg, PA (FHA|USDA|VA) 3 $585,000 $195,000 $0 0.00%
    Outside of Metro Areas 1 $105,000 $105,000 $0 0.00%
    Woodlands Bank's top markets include Williamsport, Lock Haven, Sunbury, State College, and Bloomsburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 281 $49,155,000 $174,929 $0 0.00%

    For 2020, Woodlands Bank's most frequently originated type of loan was Conventional, with 281 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 107 $19,945,000 $186,402 $0 0.00%
    Refi 106 $18,640,000 $175,849 $0 0.00%
    Cash Out Refi 59 $9,845,000 $166,864 $0 0.00%
    Home Improvement 8 $690,000 $86,250 $0 0.00%
    Other 1 $35,000 $35,000 $0 0.00%

    For 2020, Woodlands Bank's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Refi, with 106 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 281 $49,155,000 $174,929 $0 0.00%

    For 2020, Woodlands Bank's most frequently cited loan duration was Other, with 281 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 131 $18,945,000 $144,618 $0 0.00%
    $200k-400k 78 $20,460,000 $262,308 $0 0.00%
    $100,000 or less 62 $3,920,000 $63,226 $0 0.00%
    $400k-600k 7 $3,455,000 $493,571 $0 0.00%
    $600k-1MM 3 $2,375,000 $791,667 $0 0.00%

    2020 saw Woodlands Bank place emphasis on $100k-200k loans with 131 originations, totaling $18,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 76 $13,590,000 $178,816 $0 0.00%
    $50k-75k 61 $8,755,000 $143,525 $0 0.00%
    $50k or less 44 $4,410,000 $100,227 $0 0.00%
    $75k-100k 42 $6,710,000 $159,762 $0 0.00%
    $150k-250k 28 $7,200,000 $257,143 $0 0.00%
    $250k+ 12 $4,530,000 $377,500 $0 0.00%

    Woodlands Bank lent most frequently to those with incomes in the $100k-150k range, with 76 originations. The second most popular income band? $50k-75k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 281 $49,155,000 $174,929 $0 0.00%

    Woodlands Bank lent most frequently to those with DTI ratios of Exempt%, with 281 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 255 $43,025,000 $168,725 $0 0.00%
    Not applicable 18 $3,960,000 $220,000 $0 0.00%
    Not provided 7 $1,565,000 $223,571 $0 0.00%
    Black 1 $605,000 $605,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.53%

    Woodlands Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.37%

    Woodlands Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 281 $49,155,000 $174,929

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $1,385,000 $277,000
    Single Family (1-4 Units):Manufactured 2 $120,000 $60,000
    Single Family (1-4 Units):Site-Built 274 $47,650,000 $173,905

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Woodlands Bank 1146 Allegheny Street Jersey Shore, PA 17740 Full Service B&M $23,559
    Woodlands Bank 1980 West Fourth Street Williamsport, PA 17701 Full Service B&M $33,958
    Woodlands Bank 2 South Main Street Hughesville, PA 17737 Full Service B&M $15,312
    Woodlands Bank 202 North Jay Street Lock Haven, PA 17745 Full Service B&M $17,078
    Woodlands Bank 213 West Fourth Street Williamsport, PA 17701 Full Service B&M $54,971
    Woodlands Bank 2450 East Third Street Williamsport, PA 17701 Full Service B&M $191,167
    Woodlands Bank 618 West Southern Avenue, South Williamsport, PA 17701 Full Service B&M $45,556
    Woodlands Bank 973 Lycoming Mall Drive Pennsdale, PA 17756 Full Service B&M $35,649

    For 2020, Woodlands Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,945
    Net interest income $14,992
    Total noninterest income $4,118
    Gross Fiduciary activities income $1,179
    Service charges on deposit accounts $454
    Trading account gains and fees $0
    Additional Noninterest Income $2,485
    Pre-tax net operating income $6,136
    Securities gains (or losses, -) $8
    Income before extraordinary items $5,018
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,018
    Minority interest net income $0
    Net income $5,018
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,011

    Woodlands Bank's gross interest income from loans was $16,945,000.
    Woodlands Bank's net interest income from loans was $14,992,000.
    Woodlands Bank's fee based income from loans was $454,000.
    Woodlands Bank's net income from loans was $5,018,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,953
    Provision for credit losses $240
    Total noninterest expense $12,734
    Salaries and employee benefits $7,286
    Premises and equipment expense $1,085
    Additional noninterest expense $4,363
    Applicable income taxes $1,126
    Net charge-offs $-19
    Cash dividends $1,576

    Woodlands Bank's interest expense for loans was $1,953,000.
    Woodlands Bank's payroll and benefits expense were $7,286,000.
    Woodlands Bank's property, plant and equipment expenses $1,085,000.

    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 9.0%
    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 $448,047
    Deposits held in domestic offices $448,047
    Deposits by Individuals, partnerships, and corporations $388,993
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $56,723
    Deposits by Commercial banks and other depository institutions in U.S. $2,331
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $34,198
    Demand deposits $23,066
    Nontransaction accounts $413,849
    Money market deposit accounts (MMDAs) $224,855
    Other savings deposits (excluding MMDAs) $133,278
    Total time deposits $55,716
    Total time and savings deposits $424,981
    Noninterest-bearing deposits $139,791
    Interest-bearing deposits $308,256
    Retail deposits $444,430
    IRAs and Keogh plan accounts $17,288
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $502,135
    Cash & Balances due from depository institutions $52,627
    Interest-bearing balances $45,364
    Total securities $85,632
    Federal funds sold & reverse repurchase $500
    Net loans and leases $337,956
    Loan and leases loss allowance $4,090
    Trading account assets $0
    Bank premises and fixed assets $11,002
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $14,418

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $502,135
    Total Liabilities $452,305
    Total deposits $448,047
    Interest-bearing deposits $308,256
    Deposits held in domestic offices $448,047
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,081
    Subordinated debt $0
    All other liabilities $3,177

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $337,956
    Loan and leases loss allowance $4,090
    Total loans and leases (domestic) $342,046
    All real estate loans $280,497
    Real estate loans in domestic offices $280,497
    Construction and development loans $9,852
    Residential 1-4 family construction $3,055
    Other construction, all land development and other land $6,797
    Loans secured by nonfarm nonresidential properties $108,116
    Nonfarm nonresidential secured by owner-occupied properties $67,313
    Commercial real estate & other non-farm, non-residential $40,803
    Multifamily residential real estate $11,888
    1-4 family residential loans $146,668
    Farmland loans $3,973
    Loans held in foreign offices $0
    Farm loans $544
    Commercial and industrial loans $54,133
    To non-U.S. addressees $0
    Loans to individuals $1,003
    Credit card loans $0
    Related Plans $352
    Consumer Auto Loans $151
    Other loans to individuals $500
    All other loans & leases $5,869
    Loans to foreign governments and official institutions $0
    Other loans $3,227
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $240
    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

    Woodlands Bank had $337,956,000 of loans outstanding in 2020. $280,497,000 of loans were in real estate loans. $9,852,000 of loans were in development loans. $11,888,000 of loans were in multifamily mortgage loans. $146,668,000 of loans were in 1-4 family mortgage loans. $544,000 of loans were in farm loans. $0 of loans were in credit card loans. $151,000 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 146 $32,461 $222,336
    Nonfarm, nonresidential loans - <$100k 32 $990 $30,938
    Nonfarm, nonresidential loans - $100-250k 49 $5,879 $119,980
    Nonfarm, nonresidential loans - $250k-1MM 65 $25,592 $393,723
    Commercial & Industrial, US addressed loans - <$1MM 493 $33,378 $67,704
    Commercial & Industrial, US addressed loans - <$100k 365 $7,544 $20,668
    Commercial & Industrial, US addressed loans - $100-250k 75 $7,886 $105,147
    Commercial & Industrial, US addressed loans - $250k-1MM 53 $17,948 $338,642
    Farmland loans - <$1MM 12 $1,177 $98,083
    Farmland loans - <$100k 5 $378 $75,600
    Farmland loans - $100-250k 6 $509 $84,833
    Farmland loans - $250k-1MM 1 $290 $290,000
    Agriculture operations loans - <$1MM 22 $544 $24,727
    Agriculture operations loans - <$100k 22 $544 $24,727