Wayne Bank Mortgage Rates, Fees & Info

Honesdale, PA

LEI: 549300XZGHPTWOJPDI31

Tax ID: 24-0754330

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Mortgage Data

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

    Wayne Bank is a smaller bank specializing in Home Purchase and Refi loans. Wayne Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, New York, Scranton, Oneonta, and Seneca Falls among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Wayne 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.

    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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    Originations

    574

    Origination Dollar Volume (All Markets)

    $122,510,000

    Employee count

    265

    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
    Outside of Metro Areas 264 $46,090,000 $174,583 $0 0.00%
    ROCHESTER, NY (FHA|USDA|VA) 33 $14,755,000 $447,121 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 75 $14,105,000 $188,067 $0 0.00%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 67 $12,065,000 $180,075 $0 0.00%
    Oneonta, NY (FHA|USDA|VA) 58 $11,480,000 $197,931 $0 0.00%
    Seneca Falls, NY (FHA|USDA|VA) 16 $6,690,000 $418,125 $0 0.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 35 $5,615,000 $160,429 $0 0.00%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 3 $2,345,000 $781,667 $0 0.00%
    Somerset, PA (FHA|USDA|VA) 1 $2,295,000 $2,295,000 $0 0.00%
    Warren, PA (FHA|USDA|VA) 1 $2,145,000 $2,145,000 $0 0.00%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 8 $1,710,000 $213,750 $0 0.00%
    Auburn, NY (FHA|USDA|VA) 2 $950,000 $475,000 $0 0.00%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $905,000 $905,000 $0 0.00%
    BINGHAMTON, NY (FHA|USDA|VA) 5 $545,000 $109,000 $0 0.00%
    Corning, NY (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    KINGSTON, NY (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    ITHACA, NY (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    SYRACUSE, NY (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Pottsville, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Wayne Bank's top markets include Rochester, New York, Scranton, Oneonta, and Seneca Falls among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 574 $122,510,000 $213,432 $0 0.00%

    For 2021, Wayne Bank's most frequently originated type of loan was Conventional, with 574 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 235 $63,865,000 $271,766 $0 0.00%
    Refi 146 $30,900,000 $211,644 $0 0.00%
    Cash Out Refi 87 $18,875,000 $216,954 $0 0.00%
    Home Improvement 67 $5,435,000 $81,119 $0 0.00%
    Other 39 $3,435,000 $88,077 $0 0.00%

    For 2021, Wayne Bank's most frequently cited loan purpose was Home Purchase, with 235 originations. The 2nd most popular reason was Refi, with 146 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 574 $122,510,000 $213,432 $0 0.00%

    For 2021, Wayne Bank's most frequently cited loan duration was Other, with 574 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 208 $30,190,000 $145,144 $0 0.00%
    $100,000 or less 174 $10,160,000 $58,391 $0 0.00%
    $200k-400k 144 $39,450,000 $273,958 $0 0.00%
    $400k-600k 27 $12,785,000 $473,519 $0 0.00%
    $600k-1MM 12 $9,620,000 $801,667 $0 0.00%
    $1MM+ 9 $20,305,000 $2,256,111 $0 0.00%

    2021 saw Wayne Bank place emphasis on $100k-200k loans with 208 originations, totaling $30,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 113 $18,965,000 $167,832 $0 0.00%
    $50k-75k 90 $11,620,000 $129,111 $0 0.00%
    $150k-250k 87 $21,925,000 $252,011 $0 0.00%
    $50k or less 83 $8,125,000 $97,892 $0 0.00%
    $75k-100k 79 $11,195,000 $141,709 $0 0.00%
    $250k+ 48 $15,720,000 $327,500 $0 0.00%

    Wayne Bank lent most frequently to those with incomes in the $100k-150k range, with 113 originations. The second most popular income band? $50k-75k, with 90 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 574 $122,510,000 $213,432 $0 0.00%

    Wayne Bank lent most frequently to those with DTI ratios of Exempt%, with 574 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 442 $75,350,000 $170,475 $0 0.00%
    Not applicable 65 $34,095,000 $524,538 $0 0.00%
    Not provided 51 $10,485,000 $205,588 $0 0.00%
    Asian 8 $1,300,000 $162,500 $0 0.00%
    American Indian 2 $570,000 $285,000 $0 0.00%
    Black 3 $305,000 $101,667 $0 0.00%
    Asian Indian 2 $240,000 $120,000 $0 0.00%
    Other Asian 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.06%

    Wayne Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    76.83%

    Wayne Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 574 $122,510,000 $213,432

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    574 $122,510,000 $213,432

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    WINNPOINTE CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 35.7%
    WINNPOINTE CORPORATION Conventional home mortgage Closing on a mortgage 9 64.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Wayne Bank 1 Churchill Avenue Stamford, NY 12167 Full Service B&M $76,591
    Wayne Bank 100 Main Street Penn Yan, NY 14527 Full Service Retail $59,423
    Wayne Bank 101 Sullivan Avenue Wurtsboro, NY 12790 Full Service B&M $15,591
    Wayne Bank 107 Richardson Avenue Shohola, PA 18458 Full Service B&M $25,557
    Wayne Bank 111 West Harford Street Milford, PA 18337 Full Service B&M $138,227
    Wayne Bank 1130 Wyoming Avenue Exeter, PA 18643 Full Service B&M $2,694
    Wayne Bank 131-135 Delaware Street Walton, NY 13856 Full Service B&M $181,375
    Wayne Bank 17 Como Road Lakewood, PA 18439 Full Service B&M $40,191
    Wayne Bank 1972 Route 52 East Liberty, NY 12754 Full Service B&M $30,807
    Wayne Bank 216 Adams Ave Scranton, PA 18503 Full Service B&M $45,106
    Wayne Bank 2226 Barney Lane Effort, PA 18330 Full Service B&M $26,251
    Wayne Bank 228 Belmont Street Waymart, PA 18472 Full Service B&M $56,825
    Wayne Bank 245 Willow Avenue Honesdale, PA 18431 Full Service B&M $24,173
    Wayne Bank 2951 Route 611, Suite101 Tannersville, PA 18372 Full Service B&M $15,355
    Wayne Bank 308 Stroud Mall Road Stroudsburg, PA 18360 Full Service B&M $53,920
    Wayne Bank 314 Main Street Andes, NY 13731 Full Service B&M $28,017
    Wayne Bank 34 Main Street Oneonta, NY 13820 Full Service Retail $85,441
    Wayne Bank 35861 State Route 10 Hamden, NY 13782 Full Service B&M $11,096
    Wayne Bank 389 Hamilton Street Geneva, NY 14456 Full Service B&M $126,802
    Wayne Bank 5 River Road Callicoon, NY 12723 Full Service B&M $22,680
    Wayne Bank 5165 Milford Road East Stroudsburg, PA 18302 Full Service B&M $42,681
    Wayne Bank 536 Main Street Franklin, NY 13775 Full Service B&M $31,980
    Wayne Bank 53898 State Highway 30 Roxbury, NY 12474 Full Service B&M $20,380
    Wayne Bank 56 Stewart Avenue Roscoe, NY 12776 Full Service B&M $34,607
    Wayne Bank 63 Welwood Ave Hawley, PA 18428 Full Service B&M $87,098
    Wayne Bank 717 Main St Honesdale, PA 18431 Full Service B&M $192,479
    Wayne Bank 73 Chestnut Street Cooperstown, NY 13326 Full Service B&M $143,738
    Wayne Bank 734 Sans Souci Parkway Hanover Township, PA 18706 Full Service B&M $11,440
    Wayne Bank 841 Northern Boulevard Clarks Summit, PA 18411 Full Service B&M $31,762
    Wayne Bank Route 42 And Anawana Lake Road Monticello, NY 12701 Full Service B&M $27,097

    For 2021, Wayne Bank had 30 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $71,070
    Net interest income $65,314
    Total noninterest income $8,121
    Gross Fiduciary activities income $748
    Service charges on deposit accounts $1,854
    Trading account gains and fees $0
    Additional Noninterest Income $5,519
    Pre-tax net operating income $30,770
    Securities gains (or losses, -) $92
    Income before extraordinary items $25,371
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $25,371
    Minority interest net income $0
    Net income $25,371
    Sale, conversion, retirement of capital stock, net $213
    Net operating income $25,295

    Wayne Bank's gross interest income from loans was $71,070,000.
    Wayne Bank's net interest income from loans was $65,314,000.
    Wayne Bank's fee based income from loans was $1,854,000.
    Wayne Bank's net income from loans was $25,371,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,756
    Provision for credit losses $4,200
    Total noninterest expense $38,465
    Salaries and employee benefits $20,608
    Premises and equipment expense $4,766
    Additional noninterest expense $13,091
    Applicable income taxes $5,491
    Net charge-offs $908
    Cash dividends $10,697

    Wayne Bank's interest expense for loans was $5,756,000.
    Wayne Bank's payroll and benefits expense were $20,608,000.
    Wayne Bank's property, plant and equipment expenses $4,766,000.

    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 $1,758,304
    Deposits held in domestic offices $1,758,304
    Deposits by Individuals, partnerships, and corporations $1,325,823
    Deposits by U.S. Government $20
    Deposits by States and political subdivisions in the U.S. $430,705
    Deposits by Commercial banks and other depository institutions in U.S. $1,756
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $638,949
    Demand deposits $442,183
    Nontransaction accounts $1,119,355
    Money market deposit accounts (MMDAs) $310,124
    Other savings deposits (excluding MMDAs) $280,530
    Total time deposits $528,701
    Total time and savings deposits $1,316,121
    Noninterest-bearing deposits $442,183
    Interest-bearing deposits $1,316,121
    Retail deposits $1,501,066
    IRAs and Keogh plan accounts $57,486
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,069,453
    Cash & Balances due from depository institutions $206,681
    Interest-bearing balances $185,608
    Total securities $406,782
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,338,683
    Loan and leases loss allowance $16,442
    Trading account assets $0
    Bank premises and fixed assets $21,799
    Other real estate owned $1,742
    Goodwill and other intangibles $29,962
    All other assets $63,804

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,069,453
    Total Liabilities $1,864,906
    Total deposits $1,758,304
    Interest-bearing deposits $1,316,121
    Deposits held in domestic offices $1,758,304
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $60,822
    Trading liabilities $0
    Other borrowed funds $29,998
    Subordinated debt $0
    All other liabilities $15,782

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,338,683
    Loan and leases loss allowance $16,442
    Total loans and leases (domestic) $1,355,125
    All real estate loans $968,173
    Real estate loans in domestic offices $968,173
    Construction and development loans $21,991
    Residential 1-4 family construction $14,517
    Other construction, all land development and other land $7,474
    Loans secured by nonfarm nonresidential properties $510,503
    Nonfarm nonresidential secured by owner-occupied properties $352,401
    Commercial real estate & other non-farm, non-residential $158,102
    Multifamily residential real estate $43,922
    1-4 family residential loans $329,832
    Farmland loans $61,925
    Loans held in foreign offices $0
    Farm loans $37,931
    Commercial and industrial loans $154,496
    To non-U.S. addressees $0
    Loans to individuals $153,277
    Credit card loans $0
    Related Plans $1,436
    Consumer Auto Loans $109,098
    Other loans to individuals $42,743
    All other loans & leases $41,248
    Loans to foreign governments and official institutions $0
    Other loans $157
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    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

    Wayne Bank had $1,338,683,000 of loans outstanding in 2021. $968,173,000 of loans were in real estate loans. $21,991,000 of loans were in development loans. $43,922,000 of loans were in multifamily mortgage loans. $329,832,000 of loans were in 1-4 family mortgage loans. $37,931,000 of loans were in farm loans. $0 of loans were in credit card loans. $109,098,000 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 870 $194,930 $224,057
    Nonfarm, nonresidential loans - <$100k 186 $8,504 $45,720
    Nonfarm, nonresidential loans - $100-250k 277 $35,009 $126,386
    Nonfarm, nonresidential loans - $250k-1MM 407 $151,417 $372,032
    Commercial & Industrial, US addressed loans - <$1MM 1,484 $96,362 $64,934
    Commercial & Industrial, US addressed loans - <$100k 1,127 $31,830 $28,243
    Commercial & Industrial, US addressed loans - $100-250k 237 $23,998 $101,257
    Commercial & Industrial, US addressed loans - $250k-1MM 120 $40,534 $337,783
    Farmland loans - <$1MM 154 $23,850 $154,870
    Farmland loans - <$100k 36 $2,113 $58,694
    Farmland loans - $100-250k 64 $8,435 $131,797
    Farmland loans - $250k-1MM 54 $13,302 $246,333
    Agriculture operations loans - <$1MM 344 $23,666 $68,797
    Agriculture operations loans - <$100k 247 $7,726 $31,279
    Agriculture operations loans - $100-250k 61 $7,777 $127,492
    Agriculture operations loans - $250k-1MM 36 $8,163 $226,750