Jersey Shore State Bank Mortgage Rates, Fees & Info

Williamsport, PA

LEI: 549300YHEI1EIYO6OO67

Tax ID: 24-0622580

4.6 stars

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

Review & Overview

Jersey Shore State Bank is a smaller bank specializing in Home Purchase and Refi loans. Jersey Shore State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Williamsport, State College, Lock Haven, Altoona, and Huntingdon among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)

Jersey Shore State 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. Jersey Shore State Bank is typically an average 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 about average 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
Home Equity Line of Credit (HELOC)	6.27%	3/19/23
30 Year Conventional Purchase	6.67%	3/19/23
30 Year Conventional Refi	6.52%	3/19/23
30 Year Cash-out Refi	6.75%	3/19/23
30 Year USDA Purchase	6.59%	3/19/23
30 Year USDA Refi	6.46%	3/19/23
15 Year Conventional Purchase	8.05%	3/19/23
15 Year Conventional Refi	6.54%	3/19/23
15 Year Cash-out Refi	6.54%	3/19/23
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.

Originations

1,776

Origination Dollar Volume (All Markets)

$269,030,000

Employee count

242

Awards

Show all (9) awards

Relative Rate

Jersey Shore State Bank's average 30 year fixed mortgage rate was 2.95%.

The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

This yields a difference of -0.2%.

Relative Fees (Closing Costs)

Jersey Shore State Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,715.

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

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)	752	$95,240,000	$126,649	$4,374	2.65%
STATE COLLEGE, PA (FHA\|USDA\|VA)	284	$56,270,000	$198,134	$5,662	2.61%
Lock Haven, PA (FHA\|USDA\|VA)	227	$26,215,000	$115,485	$4,944	2.57%
ALTOONA, PA (FHA\|USDA\|VA)	51	$15,735,000	$308,529	$4,521	2.83%
Huntingdon, PA (FHA\|USDA\|VA)	9	$15,315,000	$1,701,667	$6,568	3.83%
SCRANTON--WILKES-BARRE, PA (FHA\|USDA\|VA)	66	$11,790,000	$178,636	$4,286	3.03%
BLOOMSBURG-BERWICK, PA (FHA\|USDA\|VA)	66	$10,300,000	$156,061	$4,678	2.82%
Lewisburg, PA (FHA\|USDA\|VA)	45	$9,275,000	$206,111	$36,445	2.75%
Sunbury, PA (FHA\|USDA\|VA)	71	$7,125,000	$100,352	$4,930	2.80%
DuBois, PA (FHA\|USDA\|VA)	90	$7,070,000	$78,556	$4,770	2.42%
Outside of Metro Areas	57	$6,065,000	$106,404	$5,294	2.48%
Lewistown, PA (FHA\|USDA\|VA)	11	$2,145,000	$195,000	$5,060	2.77%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	4	$940,000	$235,000	$6,893	2.44%
EAST STROUDSBURG, PA (FHA\|USDA\|VA)	3	$755,000	$251,667	$4,590	2.96%
Somerset, PA (FHA\|USDA\|VA)	3	$615,000	$205,000	$5,465	3.25%
Sayre, PA (FHA\|USDA\|VA)	5	$595,000	$119,000	$4,109	2.68%
PITTSBURGH, PA (FHA\|USDA\|VA)	4	$590,000	$147,500	$5,095	3.25%
JOHNSTOWN, PA (FHA\|USDA\|VA)	8	$560,000	$70,000	$6,101	3.49%
HARRISBURG-CARLISLE, PA (FHA\|USDA\|VA)	3	$495,000	$165,000	$4,395	3.04%
Selinsgrove, PA (FHA\|USDA\|VA)	4	$440,000	$110,000	$3,953	2.60%
Pottsville, PA (FHA\|USDA\|VA)	3	$405,000	$135,000	$3,629	3.25%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	2	$290,000	$145,000	$4,373	3.56%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	1	$215,000	$215,000	$4,193	3.13%
YORK-HANOVER, PA (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	1.99%
Indiana, PA (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	2.25%
Meadville, PA (FHA\|USDA\|VA)	1	$105,000	$105,000	$5,545	2.63%
Bradford, PA (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	2.63%
St. Marys, PA (FHA\|USDA\|VA)	1	$85,000	$85,000	$4,621	2.38%
ERIE, PA (FHA\|USDA\|VA)	2	$80,000	$40,000	$0	4.75%

Jersey Shore State Bank's top markets include Williamsport, State College, Lock Haven, Altoona, and Huntingdon among others.

Their top states include:

Pennsylvania (FHA|USDA|VA)

Similar Lenders

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

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
HELOC	887	$91,755,000	$103,444	n/a	2.32%
Conventional	703	$151,635,000	$215,697	$5,662	3.10%
USDA	186	$25,640,000	$137,849	$5,657	2.68%

For 2021, Jersey Shore State Bank's most frequently originated type of loan was HELOC, with 887 originations. Their 2nd most popular type was Conventional, with 703 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	788	$131,490,000	$166,865	$6,397	2.87%
Refi	618	$105,740,000	$171,100	$4,158	2.49%
Home Improvement	186	$11,310,000	$60,806	$0	2.42%
Other	120	$6,960,000	$58,000	$0	2.33%
Cash Out Refi	64	$13,530,000	$211,406	$4,092	3.24%

For 2021, Jersey Shore State Bank's most frequently cited loan purpose was Home Purchase, with 788 originations. The 2nd most popular reason was Refi, with 618 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	933	$102,145,000	$109,480	$3,564	2.40%
30 Year	527	$86,245,000	$163,653	$5,715	2.95%
20 Year	167	$53,675,000	$321,407	$3,662	3.85%
10 Year	79	$15,625,000	$197,785	$3,688	0.77%
30+ year	29	$7,695,000	$265,345	$7,108	3.94%
15 Year	26	$2,810,000	$108,077	$3,391	3.90%
5 Year	12	$240,000	$20,000	$1,534	1.31%
1 Year	3	$595,000	$198,333	$2,415	4.50%

For 2021, Jersey Shore State Bank's most frequently cited loan duration was Other, with 933 originations. The 2nd most popular length was 30 Year, with 527 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	523	$82,215,000	$157,199
$2k-3k	27	$6,705,000	$248,333
$3k-4k	18	$5,070,000	$281,667
$<1k	14	$1,420,000	$101,429
$5k+	4	$1,550,000	$387,500
$4k-5k	3	$1,115,000	$371,667

Jersey Shore State Bank's average total fees were $5,715, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 523 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
<2.5%	896	$101,800,000	$113,616
2.5-3%	418	$57,480,000	$137,512
3-4%	342	$91,880,000	$268,655
4-5%	118	$17,670,000	$149,746
5-6%	2	$200,000	$100,000

During 2021, Jersey Shore State Bank's average interest rate for loans was 2.95%, while their most frequently originated rate bucket for loans was <2.5%, with 896 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	811	$41,055,000	$50,623	$3,698	2.44%
$100k-200k	643	$91,895,000	$142,916	$6,396	2.80%
$200k-400k	264	$68,180,000	$258,258	$5,540	2.94%
$400k-600k	34	$17,080,000	$502,353	$6,216	3.21%
$1MM+	13	$42,765,000	$3,289,615	$0	3.13%
$600k-1MM	11	$8,055,000	$732,273	$14,356	3.28%

2021 saw Jersey Shore State Bank place emphasis on $100,000 or less loans with 811 originations, totaling $41,055,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	450	$50,410,000	$112,022	$4,855	2.51%
$50k or less	404	$35,480,000	$87,822	$7,689	2.43%
$75k-100k	292	$36,420,000	$124,726	$5,044	2.55%
$100k-150k	250	$34,750,000	$139,000	$4,435	2.65%
$150k-250k	127	$22,775,000	$179,331	$5,036	2.71%
$250k+	52	$18,230,000	$350,577	$6,228	2.80%

Jersey Shore State Bank lent most frequently to those with incomes in the $50k-75k range, with 450 originations. The second most popular income band? $50k or less, with 404 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	448	$50,920,000	$113,661	$4,637	2.46%
30-36%	297	$36,985,000	$124,529	$8,909	2.47%
<20%	276	$30,050,000	$108,877	$4,215	2.38%
39%	76	$11,230,000	$147,763	$5,447	2.54%
36%	61	$7,485,000	$122,705	$4,445	2.48%
37%	58	$5,510,000	$95,000	$3,917	2.36%
38%	52	$8,440,000	$162,308	$5,295	2.59%
40%	44	$5,670,000	$128,864	$4,749	2.48%
44%	33	$3,765,000	$114,091	$4,680	2.25%
42%	29	$4,515,000	$155,690	$5,885	2.44%
41%	27	$4,065,000	$150,556	$4,930	2.29%
43%	23	$3,165,000	$137,609	$4,488	2.61%
45%	22	$2,790,000	$126,818	$4,408	2.68%
48%	11	$2,085,000	$189,545	$4,071	2.99%
46%	10	$1,740,000	$174,000	$5,838	2.85%
50-60%	7	$2,655,000	$379,286	$5,343	3.48%
47%	6	$680,000	$113,333	$3,695	2.84%
49%	4	$990,000	$247,500	$4,783	2.81%
>60%	3	$545,000	$181,667	$5,242	4.17%

Jersey Shore State Bank lent most frequently to those with DTI ratios of 20-30%, with 448 originations. The next most common DTI ratio? 30-36%, with 297 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	1,430	$190,890,000	$133,490	$5,743	2.58%
Not applicable	147	$49,225,000	$334,864	$0	3.88%
Not provided	178	$25,980,000	$145,955	$5,022	2.37%
Black	14	$1,480,000	$105,714	$4,814	2.56%
Asian	5	$1,075,000	$215,000	$4,336	2.20%
Asian Indian	2	$380,000	$190,000	$8,539	2.95%

Approval Rates

Total approvals of all applications
93.42%

Jersey Shore State Bank has an average approval rate.

Pick Rate

Approvals leading to origination
90.43%

Jersey Shore State Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
0.0	1	$55,000	$55,000
NA	1,775	$268,975,000	$151,535

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	1,776	$269,030,000	$151,481

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	279	$21,865,000	$78,369	$4,070	2.46%
40-60%	219	$29,635,000	$135,320	$4,095	2.68%
60-80%	390	$92,190,000	$236,385	$7,225	3.07%
80-100%	556	$114,710,000	$206,313	$5,009	2.95%
Over 100%	9	$1,475,000	$163,889	$6,380	2.80%
Under 20%	322	$9,140,000	$28,385	$3,054	1.86%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Jersey Shore State Bank	9094 Rt. 405 Highway Montgomery, PA 17752	Full Service B&M	$31,791
Jersey Shore State Bank	2050 North Atherton Street State College, PA 16803	Full Service B&M	$48,107
Jersey Shore State Bank	2675 Euclid Avenue Duboistown, PA 17702	Full Service B&M	$67,492
Jersey Shore State Bank	2842 Earlystown Road Centre Hall, PA 16828	Full Service B&M	$52,975
Jersey Shore State Bank	300 Market Street Williamsport, PA 17701	Limited, Drive-thru	$0
Jersey Shore State Bank	300 Market Street Williamsport, PA 17701	Full Service B&M	$248,116
Jersey Shore State Bank	4 West Main Street Lock Haven, PA 17745	Full Service B&M	$125,752
Jersey Shore State Bank	44 Muncy Creek Blvd Muncy, PA 17756	Full Service B&M	$13,529
Jersey Shore State Bank	493 East Sycamore Road Snow Shoe, PA 16874	Full Service B&M	$12,969
Jersey Shore State Bank	503 E Plank Rd Altoona, PA 16602	Full Service B&M	$2,779
Jersey Shore State Bank	550 North Derr Drive Lewisburg, PA 17837	Full Service B&M	$53,072
Jersey Shore State Bank	820 Broad Street Montoursville, PA 17754	Full Service B&M	$47,332
Jersey Shore State Bank	835 E Bishop St Bellefonte, PA 16823	Full Service B&M	$384
Jersey Shore State Bank	100 Cobblestone Road Bellefonte, PA 16823	Full Service B&M	$76,406
Jersey Shore State Bank	112 Bridge Street Jersey Shore, PA 17740	Full Service B&M	$32,754
Jersey Shore State Bank	115 South Main Street Jersey Shore, PA 17740	Full Service B&M	$132,416
Jersey Shore State Bank	150 Continental Blvd Danville, PA 17821	Full Service B&M	$58,657
Jersey Shore State Bank	1720 East Third Street Williamsport, PA 17701	Full Service B&M	$21,126
Jersey Shore State Bank	173 Hogan Boulevard Mill Hall, PA 17751	Full Service Retail	$32,988

For 2021, Jersey Shore State Bank had 19 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$42,380
Net interest income	$35,543
Total noninterest income	$8,614
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,271
Trading account gains and fees	$0
Additional Noninterest Income	$7,343
Pre-tax net operating income	$15,398
Securities gains (or losses, -)	$287
Income before extraordinary items	$12,690
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$12,690
Minority interest net income	$0
Net income	$12,690
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$12,457

Jersey Shore State Bank's gross interest income from loans was $42,380,000.
Jersey Shore State Bank's net interest income from loans was $35,543,000.
Jersey Shore State Bank's fee based income from loans was $1,271,000.
Jersey Shore State Bank's net income from loans was $12,690,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$6,837
Provision for credit losses	$1,250
Total noninterest expense	$27,509
Salaries and employee benefits	$16,173
Premises and equipment expense	$4,635
Additional noninterest expense	$6,701
Applicable income taxes	$2,995
Net charge-offs	$223
Cash dividends	$5,923

Jersey Shore State Bank's interest expense for loans was $6,837,000.
Jersey Shore State Bank's payroll and benefits expense were $16,173,000.
Jersey Shore State Bank's property, plant and equipment expenses $4,635,000.

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	1.0%
Multifamily residential loans	0.0%
1-4 family residential loans	0.0%
HELOC loans	0.0%
All other family	0.0%
Commercial & industrial loans	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	$1,114,490
Deposits held in domestic offices	$1,114,490
Deposits by Individuals, partnerships, and corporations	$936,139
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$177,473
Deposits by Commercial banks and other depository institutions in U.S.	$878
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$85,711
Demand deposits	$58,890
Nontransaction accounts	$1,028,779
Money market deposit accounts (MMDAs)	$233,672
Other savings deposits (excluding MMDAs)	$669,646
Total time deposits	$125,463
Total time and savings deposits	$1,055,600
Noninterest-bearing deposits	$304,938
Interest-bearing deposits	$809,552
Retail deposits	$1,075,386
IRAs and Keogh plan accounts	$18,204
Brokered deposits	$16,598
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,354,455
Cash & Balances due from depository institutions	$94,007
Interest-bearing balances	$80,022
Total securities	$134,695
Federal funds sold & reverse repurchase	$30,000
Net loans and leases	$1,006,692
Loan and leases loss allowance	$10,318
Trading account assets	$0
Bank premises and fixed assets	$26,582
Other real estate owned	$83
Goodwill and other intangibles	$3,446
All other assets	$58,950

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,354,455
Total Liabilities	$1,242,354
Total deposits	$1,114,490
Interest-bearing deposits	$809,552
Deposits held in domestic offices	$1,114,490
% insured (estimated)	$58
Federal funds purchased and repurchase agreements	$1,985
Trading liabilities	$0
Other borrowed funds	$118,393
Subordinated debt	$0
All other liabilities	$7,486

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,006,692
Loan and leases loss allowance	$10,318
Total loans and leases (domestic)	$1,017,010
All real estate loans	$786,178
Real estate loans in domestic offices	$786,178
Construction and development loans	$29,480
Residential 1-4 family construction	$10,532
Other construction, all land development and other land	$18,948
Loans secured by nonfarm nonresidential properties	$222,067
Nonfarm nonresidential secured by owner-occupied properties	$74,909
Commercial real estate & other non-farm, non-residential	$147,158
Multifamily residential real estate	$83,040
1-4 family residential loans	$443,872
Farmland loans	$7,719
Loans held in foreign offices	$0
Farm loans	$489
Commercial and industrial loans	$50,883
To non-U.S. addressees	$0
Loans to individuals	$117,608
Credit card loans	$0
Related Plans	$3,283
Consumer Auto Loans	$110,253
Other loans to individuals	$4,072
All other loans & leases	$61,853
Loans to foreign governments and official institutions	$0
Other loans	$172
Loans to depository institutions and acceptances of other banks	$20,067
Loans not secured by real estate	$7,931
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$4,009
Non 1-4 family restructured loans & leases	$406
Total loans and leases (foreign)	$0

Jersey Shore State Bank had $1,006,692,000 of loans outstanding in 2021. $786,178,000 of loans were in real estate loans. $29,480,000 of loans were in development loans. $83,040,000 of loans were in multifamily mortgage loans. $443,872,000 of loans were in 1-4 family mortgage loans. $489,000 of loans were in farm loans. $0 of loans were in credit card loans. $110,253,000 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	445	$90,920	$204,315
Nonfarm, nonresidential loans - <$100k	106	$4,392	$41,434
Nonfarm, nonresidential loans - $100-250k	166	$20,994	$126,470
Nonfarm, nonresidential loans - $250k-1MM	173	$65,534	$378,809
Commercial & Industrial, US addressed loans - <$1MM	669	$35,208	$52,628
Commercial & Industrial, US addressed loans - <$100k	533	$13,744	$25,786
Commercial & Industrial, US addressed loans - $100-250k	96	$10,035	$104,531
Commercial & Industrial, US addressed loans - $250k-1MM	40	$11,429	$285,725
Farmland loans - <$1MM	29	$4,272	$147,310
Farmland loans - <$100k	7	$304	$43,429
Farmland loans - $100-250k	11	$1,536	$139,636
Farmland loans - $250k-1MM	11	$2,432	$221,091
Agriculture operations loans - <$1MM	18	$489	$27,167
Agriculture operations loans - <$100k	14	$260	$18,571
Agriculture operations loans - $100-250k	4	$229	$57,250