York Traditions Bank Mortgage Rates, Fees & Info

York, PA

LEI: 549300WIBPMHJJ84YQ06

Tax ID: 03-0454928

5 stars - out of 5 stars, based on 43 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

York Traditions Bank is a smaller bank specializing in Home Purchase and Refi loans. York Traditions Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include York, Gettysburg, Lancaster, Harrisburg, and Baltimore among others. York Traditions Bank has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. York Traditions Bank is typically an average fee lendor.


Originations

1,880

Origination Dollar Volume (All Markets)

$447,370,000

Employee count

152 Show all (5) awards

Relative Rate

York Traditions Bank's average 30 year fixed rate mortgage of loans were 3.18%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.03%.

Relative Fees

York Traditions Bank's average total fees for a 30 year fixed rate mortgage are $4,606.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
YORK-HANOVER, PA (FHA|USDA|VA) 1,390 $312,770,000 $225,014 $4,393 3.19%
GETTYSBURG, PA (FHA|USDA|VA) 129 $39,505,000 $306,240 $4,599 3.60%
LANCASTER, PA (FHA|USDA|VA) 124 $31,020,000 $250,161 $4,341 3.23%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 72 $15,560,000 $216,111 $4,361 3.13%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 22 $9,020,000 $410,000 $5,547 3.68%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 22 $6,490,000 $295,000 $4,628 3.45%
Outside of Metro Areas 14 $3,990,000 $285,000 $3,641 3.47%
SALISBURY, MD-DE (FHA|USDA|VA) 17 $3,605,000 $212,059 $3,412 3.27%
LEBANON, PA (FHA|USDA|VA) 13 $3,585,000 $275,769 $4,435 3.54%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $2,135,000 $305,000 $3,614 2.70%
OCEAN CITY, NJ (FHA|USDA|VA) 5 $1,965,000 $393,000 $4,034 2.83%
READING, PA (FHA|USDA|VA) 6 $1,490,000 $248,333 $3,946 3.69%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $1,425,000 $475,000 $5,061 2.92%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 6 $1,420,000 $236,667 $6,108 3.54%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 3 $1,015,000 $338,333 $3,833 2.88%
STATE COLLEGE, PA (FHA|USDA|VA) 4 $1,010,000 $252,500 $4,086 3.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $830,000 $415,000 $3,458 4.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $770,000 $385,000 $5,837 3.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $615,000 $615,000 $4,256 3.63%
Huntingdon, PA (FHA|USDA|VA) 3 $555,000 $185,000 $3,394 3.46%
Easton, MD (FHA|USDA|VA) 1 $545,000 $545,000 $7,234 2.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $545,000 $545,000 $4,290 3.38%
Morehead City, NC (FHA|USDA|VA) 1 $545,000 $545,000 $4,505 2.75%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $535,000 $178,333 $2,858 3.17%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $515,000 $515,000 $4,322 3.00%
Pottsville, PA (FHA|USDA|VA) 2 $480,000 $240,000 $0 4.75%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $470,000 $235,000 $3,572 2.94%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $445,000 $445,000 $3,742 2.75%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $385,000 $385,000 $3,322 3.38%
Seneca Falls, NY (FHA|USDA|VA) 1 $385,000 $385,000 $4,241 4.00%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $365,000 $365,000 $4,887 3.99%
PITTSBURGH, PA (FHA|USDA|VA) 2 $360,000 $180,000 $4,919 3.63%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $345,000 $345,000 $10,051 3.25%
Corning, NY (FHA|USDA|VA) 1 $315,000 $315,000 $4,044 2.63%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $265,000 $265,000 $4,572 3.50%
Sunbury, PA (FHA|USDA|VA) 1 $235,000 $235,000 $3,478 2.63%
Georgetown, SC (FHA|USDA|VA) 1 $225,000 $225,000 $2,288 2.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,062 3.13%
BRUNSWICK, GA (FHA|USDA|VA) 1 $195,000 $195,000 $3,796 3.63%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $190,000 $95,000 $3,134 3.13%
JOHNSTOWN, PA (FHA|USDA|VA) 2 $180,000 $90,000 $4,018 3.44%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $165,000 $165,000 $3,761 3.00%
WILMINGTON, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,569 2.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,789 3.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,201 2.88%
LYNCHBURG, VA (FHA|USDA|VA) 1 $105,000 $105,000 $2,952 3.25%
ROCHESTER, NY (FHA|USDA|VA) 1 $95,000 $95,000 $3,306 3.00%
Indiana, PA (FHA|USDA|VA) 1 $65,000 $65,000 $3,715 3.00%

York Traditions Bank's top markets include York, Gettysburg, Lancaster, Harrisburg, and Baltimore among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,715 $413,935,000 $241,362 $4,045 3.26%
FHA 121 $23,265,000 $192,273 $7,595 3.10%
VA 22 $5,770,000 $262,273 $8,330 2.82%
USDA 22 $4,400,000 $200,000 $6,091 2.76%

For the 2021 period, York Traditions Bank's most frequently originated loan type of loans were Conventional, with 1,715 originations. Their 2nd most popular type is FHA, with 121 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,181 $285,085,000 $241,393 $4,799 3.39%
Refi 441 $102,145,000 $231,621 $3,641 2.88%
Cash Out Refi 229 $53,415,000 $233,253 $4,118 3.07%
Other 18 $2,630,000 $146,111 $2,961 3.53%
Home Improvement 11 $4,095,000 $372,273 $2,306 4.06%

For the 2021, York Traditions Bank's most frequently cited loan purpose of loans were Home Purchase, with 1,181 originations. The 2nd most popular reason of loans were Refi, with 441 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,281 $285,795,000 $223,103 $4,606 3.18%
15 Year 265 $52,345,000 $197,528 $3,640 2.67%
30+ year 159 $61,775,000 $388,522 $6,255 4.50%
20 Year 59 $14,355,000 $243,305 $4,019 2.85%
5 Year 41 $6,965,000 $169,878 $78 4.36%
Other 33 $9,625,000 $291,667 $3,911 3.22%
10 Year 33 $15,515,000 $470,152 $2,940 2.82%
1 Year 8 $960,000 $120,000 $0 4.63%
3 Year 1 $35,000 $35,000 $73 4.74%

For the 2021, York Traditions Bank's most frequently cited loan length of loans were 30 Year, with 1,281 originations. The 2nd most popular length of loans were 15 Year, with 265 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,639 $380,315,000 $232,041
$2k-3k 85 $22,695,000 $267,000
$<1k 50 $11,020,000 $220,400
$3k-4k 39 $10,605,000 $271,923
$5k+ 13 $4,665,000 $358,846

$4,606 of loans were York Traditions Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,639 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 702 $165,270,000 $235,427
2.5-3% 641 $147,735,000 $230,476
4-5% 270 $75,960,000 $281,333
<2.5% 264 $58,240,000 $220,606
5-6% 3 $165,000 $55,000

During 2021, York Traditions Bank's average interest rate of loans were 3.18%, while their most frequently originated rate bucket of loans were 3-4%, with 702 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 748 $112,880,000 $150,909 $4,033 3.15%
$200k-400k 709 $194,125,000 $273,801 $4,803 3.15%
$400k-600k 210 $102,110,000 $486,238 $5,727 3.57%
$100,000 or less 192 $14,350,000 $74,740 $3,158 3.47%
$600k-1MM 17 $12,745,000 $749,706 $6,367 3.71%
$1MM+ 4 $11,160,000 $2,790,000 $8,110 3.15%

2021 saw York Traditions Bank place emphasis on $100k-200k loans with 748 originations, totaling $112,880,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 443 $111,315,000 $251,275 $4,412 3.22%
$50k-75k 385 $68,385,000 $177,623 $4,438 3.17%
$75k-100k 322 $67,570,000 $209,845 $4,296 3.17%
$150k-250k 281 $91,335,000 $325,036 $4,634 3.25%
$50k or less 255 $33,875,000 $132,843 $4,013 3.19%
$250k+ 145 $58,535,000 $403,690 $4,790 3.28%

York Traditions Bank lent most frequently to those with incomes in the $100k-150k range, with 443 originations. The second most popular income band? $50k-75k, with 385 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 462 $104,320,000 $225,801 $4,148 3.11%
30-36% 352 $81,340,000 $231,080 $4,349 3.19%
<20% 194 $46,350,000 $238,918 $4,014 3.01%
37% 82 $21,060,000 $256,829 $4,342 3.43%
44% 77 $16,815,000 $218,377 $4,566 3.40%
41% 76 $18,690,000 $245,921 $4,398 3.37%
39% 76 $16,820,000 $221,316 $5,049 3.20%
43% 66 $15,700,000 $237,879 $4,377 3.42%
36% 64 $15,560,000 $243,125 $4,723 3.26%
40% 62 $16,460,000 $265,484 $4,318 3.34%
45% 59 $15,465,000 $262,119 $4,490 3.31%
42% 57 $14,075,000 $246,930 $4,465 3.23%
38% 50 $12,710,000 $254,200 $4,804 3.14%
48% 38 $9,260,000 $243,684 $4,547 3.40%
46% 33 $7,555,000 $228,939 $4,516 3.36%
47% 28 $6,480,000 $231,429 $5,027 3.17%
50-60% 26 $5,540,000 $213,077 $6,655 3.12%
49% 24 $5,100,000 $212,500 $4,649 3.17%

York Traditions Bank lent most frequently to those with DTI ratios of 20-30%, with 462 originations. The next most common DTI ratio? 30-36%, with 352 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,632 $385,800,000 $236,397 $4,326 3.21%
Not provided 130 $31,250,000 $240,385 $4,777 3.06%
Not applicable 46 $16,070,000 $349,348 $0 4.33%
Black 54 $9,860,000 $182,593 $5,172 3.39%
Asian 15 $3,645,000 $243,000 $4,472 2.95%
American Indian 2 $560,000 $280,000 $4,226 3.63%
Other Asian 1 $185,000 $185,000 $3,917 2.75%

Approval Rates

Total approvals of all applications
98.25%

York Traditions Bank 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
90.44%

York Traditions Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,880 $447,370,000 $237,963

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,880 $447,370,000 $237,963

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 66 $10,580,000 $160,303 $3,350 2.85%
40-60% 210 $47,730,000 $227,286 $3,756 3.02%
60-80% 688 $168,480,000 $244,884 $4,060 3.23%
80-100% 891 $215,525,000 $241,891 $4,841 3.31%
Over 100% 8 $2,200,000 $275,000 $12,324 2.91%
Under 20% 17 $2,855,000 $167,941 $1,439 3.75%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Traditions Bank 100-102 North George Street York, PA 17401 Full Service B&M $49,126
Traditions Bank 1687 Oregon Pike Lancaster, PA 17601 Full Service B&M $8,435
Traditions Bank 2170 White Street York, PA 17404 Full Service B&M $79,140
Traditions Bank 2305 Susquehanna Trail York, PA 17404 Full Service B&M $94,847
Traditions Bank 235 St. Charles Way York, PA 17402 Full Service B&M $161,595
Traditions Bank 2450 Eastern Boulevard York, PA 17402 Full Service B&M $173,148
Traditions Bank 361 Eisenhower Drive Hanover, PA 17331 Full Service B&M $63,299

For 2021, York Traditions Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $22,954
Net interest income $21,451
Total noninterest income $12,722
Gross Fiduciary activities income $0
Service charges on deposit accounts $272
Trading account gains and fees $0
Additional Noninterest Income $12,450
Pre-tax net operating income $10,414
Securities gains (or losses, -) $1
Income before extraordinary items $8,370
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $8,370
Minority interest net income $0
Net income $8,370
Sale, conversion, retirement of capital stock, net $425
Net operating income $8,369

York Traditions Bank's gross interest income from loans was $22,954,000.
York Traditions Bank's net interest income from loans was $21,451,000.
York Traditions Bank's fee based income from loans was $272,000.
York Traditions Bank's net income from loans was $8,370,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,503
Provision for credit losses $100
Total noninterest expense $23,659
Salaries and employee benefits $14,242
Premises and equipment expense $1,957
Additional noninterest expense $7,460
Applicable income taxes $2,045
Net charge-offs $-5
Cash dividends $8,697

York Traditions Bank's interest expense for loans was $1,503,000.
York Traditions Bank's payroll and benefits expense were $14,242,000.
York Traditions Bank's property, plant and equipment expenses $1,957,000.

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 $677,405
Deposits held in domestic offices $677,405
Deposits by Individuals, partnerships, and corporations $650,549
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $26,856
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 $292,188
Demand deposits $148,445
Nontransaction accounts $385,217
Money market deposit accounts (MMDAs) $252,106
Other savings deposits (excluding MMDAs) $38,496
Total time deposits $94,615
Total time and savings deposits $528,960
Noninterest-bearing deposits $148,445
Interest-bearing deposits $528,960
Retail deposits $660,895
IRAs and Keogh plan accounts $19,829
Brokered deposits $1,727
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $749,092
Cash & Balances due from depository institutions $44,643
Interest-bearing balances $39,250
Total securities $140,188
Federal funds sold & reverse repurchase $0
Net loans and leases $530,545
Loan and leases loss allowance $7,151
Trading account assets $1,150
Bank premises and fixed assets $10,764
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $21,802

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $749,092
Total Liabilities $684,061
Total deposits $677,405
Interest-bearing deposits $528,960
Deposits held in domestic offices $677,405
% insured (estimated) $67
Federal funds purchased and repurchase agreements $0
Trading liabilities $1,151
Other borrowed funds $0
Subordinated debt $0
All other liabilities $5,505

Issued Loan Types

Type Value (in 000's)
Net loans and leases $530,545
Loan and leases loss allowance $7,151
Total loans and leases (domestic) $537,696
All real estate loans $447,923
Real estate loans in domestic offices $447,923
Construction and development loans $45,067
Residential 1-4 family construction $29,435
Other construction, all land development and other land $15,632
Loans secured by nonfarm nonresidential properties $203,577
Nonfarm nonresidential secured by owner-occupied properties $67,777
Commercial real estate & other non-farm, non-residential $135,800
Multifamily residential real estate $19,286
1-4 family residential loans $179,216
Farmland loans $777
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $76,015
To non-U.S. addressees $0
Loans to individuals $2,062
Credit card loans $0
Related Plans $1,979
Consumer Auto Loans $6
Other loans to individuals $77
All other loans & leases $11,696
Loans to foreign governments and official institutions $0
Other loans $6,600
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $2,877
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $368
Non 1-4 family restructured loans & leases $127
Total loans and leases (foreign) $0

York Traditions Bank had $530,545,000 of loans outstanding in 2021. $447,923,000 of loans were in real estate loans. $45,067,000 of loans were in development loans. $19,286,000 of loans were in multifamily mortgage loans. $179,216,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $6,000 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 221 $51,382 $232,498
Nonfarm, nonresidential loans - <$100k 28 $1,357 $48,464
Nonfarm, nonresidential loans - $100-250k 82 $10,437 $127,280
Nonfarm, nonresidential loans - $250k-1MM 111 $39,588 $356,649
Commercial & Industrial, US addressed loans - <$1MM 329 $38,665 $117,523
Commercial & Industrial, US addressed loans - <$100k 187 $5,479 $29,299
Commercial & Industrial, US addressed loans - $100-250k 61 $7,879 $129,164
Commercial & Industrial, US addressed loans - $250k-1MM 81 $25,307 $312,432
Farmland loans - <$1MM 2 $302 $151,000
Farmland loans - $100-250k 1 $209 $209,000
Farmland loans - $250k-1MM 1 $93 $93,000