Hebron Savings Bank Mortgage Rates, Fees & Info

Hebron, MD

LEI: 549300RPUEZ5IC514S19

Tax ID: 52-0348540

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Hebron Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Hebron Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Salisbury, Cambridge, and Easton among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hebron Savings Bank 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. Hebron Savings Bank 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.91% 5/4/24
    30 Year Conventional Refi 7.16% 5/4/24
    15 Year Conventional Purchase 5.68% 5/4/24
    15 Year Conventional Refi 5.68% 5/4/24
    15 Year Cash-out Refi 5.68% 5/4/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Hebron Savings Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Hebron Savings Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    82

    Origination Dollar Volume (All Markets)

    $20,770,000

    Employee count

    135

    Awards

    Hebron Savings Bank 30 Year Conventional Loans silver
    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
    SALISBURY, MD-DE (FHA|USDA|VA) 68 $17,410,000 $256,029 $3,827 5.42%
    Cambridge, MD (FHA|USDA|VA) 12 $3,080,000 $256,667 $3,190 5.50%
    Outside of Metro Areas 1 $255,000 $255,000 $3,040 5.25%
    Easton, MD (FHA|USDA|VA) 1 $25,000 $25,000 $2,489 5.50%
    Hebron Savings Bank's top markets include Salisbury, Cambridge, and Easton among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)

    • Similar Lenders

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

    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 84
    Calvin B. Taylor Banking Company of Berlin, Maryland
    Similarity Rank: 204
    Hebron Savings Bank
    Similarity Rank: 460
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED
    Similarity Rank: 672
    BAY CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 1974
    EagleBank
    Similarity Rank: 2196
    Stifel Bank and Trust
    Similarity Rank: 2681
    Sandy Spring Bank
    Similarity Rank: 2700
    TRIDENT MORTGAGE COMPANY LP
    Similarity Rank: 3146
    FIRST SAVINGS MORTGAGE CORPORATION
    Similarity Rank: 3392

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 82 $20,770,000 $253,293 $3,716 5.43%

    For 2019, Hebron Savings Bank's most frequently originated type of loan was Conventional, with 82 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 52 $15,330,000 $294,808 $4,067 5.45%
    Refi 28 $5,270,000 $188,214 $3,035 5.38%
    Home Improvement 1 $125,000 $125,000 $0 0.00%
    Other 1 $45,000 $45,000 $1,722 5.50%

    For 2019, Hebron Savings Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 20 $8,330,000 $416,500 $3,227 5.50%
    30+ year 18 $5,410,000 $300,556 $4,421 5.44%
    30 Year 16 $2,780,000 $173,750 $3,348 5.41%
    20 Year 12 $1,770,000 $147,500 $3,870 5.38%
    15 Year 10 $1,920,000 $192,000 $2,269 5.38%
    1 Year 3 $385,000 $128,333 $0 0.00%
    10 Year 2 $130,000 $65,000 $2,489 5.50%
    5 Year 1 $45,000 $45,000 $1,722 5.50%

    For 2019, Hebron Savings Bank's most frequently cited loan duration was Other, with 20 originations. The 2nd most popular length was 30+ year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 30 $5,500,000 $183,333
    $1k-2k 8 $1,960,000 $245,000
    $2k-3k 4 $1,410,000 $352,500

    Hebron Savings Bank's average total fees were $3,348, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 30 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 36 $7,310,000 $203,056
    4-5% 4 $1,420,000 $355,000
    6-7% 2 $140,000 $70,000

    During 2019, Hebron Savings Bank's average interest rate for loans was 5.41%, while their most frequently originated rate bucket for loans was 5-6%, with 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 26 $1,710,000 $65,769 $2,786 5.60%
    $100k-200k 24 $3,400,000 $141,667 $3,122 5.36%
    $200k-400k 23 $6,715,000 $291,957 $4,347 5.36%
    $400k-600k 4 $1,960,000 $490,000 $4,313 5.25%
    $600k-1MM 4 $3,140,000 $785,000 $7,675 5.50%
    $1MM+ 1 $3,845,000 $3,845,000 $0 0.00%

    2019 saw Hebron Savings Bank place emphasis on $100,000 or less loans with 26 originations, totaling $1,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 19 $4,125,000 $217,105 $4,630 5.45%
    $50k or less 14 $1,230,000 $87,857 $3,042 5.50%
    $150k-250k 10 $2,780,000 $278,000 $4,185 5.34%
    $250k+ 8 $5,400,000 $675,000 $4,305 5.33%
    $50k-75k 7 $735,000 $105,000 $2,344 5.45%
    $75k-100k 5 $1,035,000 $207,000 $3,792 5.38%

    Hebron Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k or less, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 14 $2,800,000 $200,000 $3,764 5.54%
    30-36% 8 $1,910,000 $238,750 $3,854 5.50%
    >60% 8 $1,300,000 $162,500 $0 0.00%
    40% 6 $2,160,000 $360,000 $4,676 5.29%
    50-60% 5 $555,000 $111,000 $0 0.00%
    <20% 4 $240,000 $60,000 $2,343 5.44%
    42% 3 $765,000 $255,000 $4,436 5.33%
    44% 2 $210,000 $105,000 $2,991 5.50%
    41% 2 $130,000 $65,000 $2,900 5.38%
    37% 2 $430,000 $215,000 $3,655 5.38%
    38% 2 $410,000 $205,000 $3,873 5.50%
    36% 1 $75,000 $75,000 $2,548 5.25%
    43% 1 $55,000 $55,000 $0 0.00%
    46% 1 $105,000 $105,000 $2,516 4.75%
    47% 1 $185,000 $185,000 $0 0.00%
    39% 1 $85,000 $85,000 $4,379 5.50%

    Hebron Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? 30-36%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 60 $15,170,000 $252,833 $3,753 5.43%
    Not applicable 19 $5,465,000 $287,632 $0 0.00%
    Black 3 $135,000 $45,000 $2,976 5.50%

    Approval Rates

    Total approvals of all applications
    85.95%

    Hebron Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.17%

    Hebron Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 82 $20,770,000 $253,293

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $3,870,000 $483,750
    Single Family (1-4 Units):Manufactured 3 $475,000 $158,333
    Single Family (1-4 Units):Site-Built 71 $16,425,000 $231,338

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $840,000 $140,000 $2,250 5.38%
    40-60% 5 $1,475,000 $295,000 $3,657 5.50%
    60-80% 38 $8,200,000 $215,789 $3,884 5.40%
    80-100% 30 $9,940,000 $331,333 $4,086 5.47%
    Over 100% 1 $195,000 $195,000 $0 0.00%
    Under 20% 2 $120,000 $60,000 $2,135 5.38%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Hebron Savings Bank 100 Market & Race Streets Vienna, MD 21869 Full Service B&M $17,362
    Hebron Savings Bank 1008 West Main Street Salisbury, MD 21801 Full Service B&M $37,403
    Hebron Savings Bank 101 North Main Street Hebron, MD 21830 Full Service B&M $43,213
    Hebron Savings Bank 108 East Cedar Lane Fruitland, MD 21826 Full Service B&M $39,450
    Hebron Savings Bank 1310 Mt. Hermon Road Salisbury, MD 21804 Full Service B&M $63,815
    Hebron Savings Bank 2730 North Salisbury Boulevard Salisbury, MD 21801 Full Service B&M $5,626
    Hebron Savings Bank 2801 Ocean Gateway Cambridge, MD 21613 Full Service B&M $33,796
    Hebron Savings Bank 303 Main Street Sharptown, MD 21861 Full Service B&M $20,362
    Hebron Savings Bank 30499 Mt. Vernon Road Princess Anne, MD 21853 Full Service B&M $62,260
    Hebron Savings Bank 415 E. Carroll Street Salisbury, MD 21804 Full Service B&M $59,134
    Hebron Savings Bank 543c Riverside Dr Salisbury, MD 21801 Full Service B&M $17,762
    Hebron Savings Bank 57 Richardson Avenue Crisfield, MD 21817 Full Service B&M $22,422
    Hebron Savings Bank 6 Cedar Street Cambridge, MD 21613 Full Service B&M $79,677

    For 2019, Hebron Savings Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,612
    Net interest income $21,932
    Total noninterest income $2,320
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,237
    Trading account gains and fees $0
    Additional Noninterest Income $1,083
    Pre-tax net operating income $7,366
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,636
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,636
    Minority interest net income $0
    Net income $5,636
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,636

    Hebron Savings Bank's gross interest income from loans was $27,612,000.
    Hebron Savings Bank's net interest income from loans was $21,932,000.
    Hebron Savings Bank's fee based income from loans was $1,237,000.
    Hebron Savings Bank's net income from loans was $5,636,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,680
    Provision for credit losses $1,414
    Total noninterest expense $15,472
    Salaries and employee benefits $9,289
    Premises and equipment expense $2,224
    Additional noninterest expense $3,959
    Applicable income taxes $1,730
    Net charge-offs $1,289
    Cash dividends $1,506

    Hebron Savings Bank's interest expense for loans was $5,680,000.
    Hebron Savings Bank's payroll and benefits expense were $9,289,000.
    Hebron Savings Bank's property, plant and equipment expenses $2,224,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 4.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 2.0%
    All other family 2.0%
    Commercial & industrial loans 1.0%
    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 $511,145
    Deposits held in domestic offices $511,145
    Deposits by Individuals, partnerships, and corporations $487,684
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,012
    Deposits by Commercial banks and other depository institutions in U.S. $449
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $171,526
    Demand deposits $144,339
    Nontransaction accounts $339,619
    Money market deposit accounts (MMDAs) $42,539
    Other savings deposits (excluding MMDAs) $80,871
    Total time deposits $216,209
    Total time and savings deposits $366,806
    Noninterest-bearing deposits $144,339
    Interest-bearing deposits $366,806
    Retail deposits $467,195
    IRAs and Keogh plan accounts $50,738
    Brokered deposits $4,311
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $604,392
    Cash & Balances due from depository institutions $35,170
    Interest-bearing balances $23,429
    Total securities $33,054
    Federal funds sold & reverse repurchase $0
    Net loans and leases $503,210
    Loan and leases loss allowance $8,825
    Trading account assets $0
    Bank premises and fixed assets $12,171
    Other real estate owned $923
    Goodwill and other intangibles $0
    All other assets $19,864

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $604,392
    Total Liabilities $544,731
    Total deposits $511,145
    Interest-bearing deposits $366,806
    Deposits held in domestic offices $511,145
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $31,093
    Subordinated debt $0
    All other liabilities $2,493

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $503,210
    Loan and leases loss allowance $8,825
    Total loans and leases (domestic) $512,035
    All real estate loans $439,857
    Real estate loans in domestic offices $439,857
    Construction and development loans $53,228
    Residential 1-4 family construction $13,551
    Other construction, all land development and other land $39,677
    Loans secured by nonfarm nonresidential properties $156,107
    Nonfarm nonresidential secured by owner-occupied properties $97,299
    Commercial real estate & other non-farm, non-residential $58,808
    Multifamily residential real estate $13,793
    1-4 family residential loans $190,206
    Farmland loans $26,523
    Loans held in foreign offices $0
    Farm loans $8,413
    Commercial and industrial loans $45,164
    To non-U.S. addressees $0
    Loans to individuals $4,673
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $588
    Other loans to individuals $4,085
    All other loans & leases $13,927
    Loans to foreign governments and official institutions $0
    Other loans $631
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $9,828
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $8,068
    Non 1-4 family restructured loans & leases $1,503
    Total loans and leases (foreign) $0

    Hebron Savings Bank had $503,210,000 of loans outstanding in 2019. $439,857,000 of loans were in real estate loans. $53,228,000 of loans were in development loans. $13,793,000 of loans were in multifamily mortgage loans. $190,206,000 of loans were in 1-4 family mortgage loans. $8,413,000 of loans were in farm loans. $0 of loans were in credit card loans. $588,000 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 261 $70,735 $271,015
    Nonfarm, nonresidential loans - <$100k 25 $946 $37,840
    Nonfarm, nonresidential loans - $100-250k 92 $11,021 $119,793
    Nonfarm, nonresidential loans - $250k-1MM 144 $58,768 $408,111
    Commercial & Industrial, US addressed loans - <$1MM 458 $40,026 $87,393
    Commercial & Industrial, US addressed loans - <$100k 318 $9,810 $30,849
    Commercial & Industrial, US addressed loans - $100-250k 75 $10,227 $136,360
    Commercial & Industrial, US addressed loans - $250k-1MM 65 $19,989 $307,523
    Farmland loans - <$1MM 57 $10,196 $178,877
    Farmland loans - <$100k 13 $632 $48,615
    Farmland loans - $100-250k 24 $3,177 $132,375
    Farmland loans - $250k-1MM 20 $6,387 $319,350
    Agriculture operations loans - <$1MM 44 $2,813 $63,932
    Agriculture operations loans - <$100k 30 $848 $28,267
    Agriculture operations loans - $100-250k 8 $807 $100,875
    Agriculture operations loans - $250k-1MM 6 $1,158 $193,000