Jersey Shore State Bank Mortgage Rates, Fees & Info

Williamsport, PA

LEI: 549300YHEI1EIYO6OO67

Tax ID: 24-0622580

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

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    • 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

    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, Scranton, and Bloomsburg among others. We have data for 25 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 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 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% 11/21/24
    30 Year Conventional Purchase 6.84% 11/21/24
    30 Year Conventional Refi 6.74% 11/21/24
    30 Year Cash-out Refi 6.66% 11/21/24
    30 Year USDA Purchase 6.79% 11/21/24
    15 Year Conventional Purchase 6.43% 11/21/24
    15 Year Conventional Refi 5.68% 11/21/24
    15 Year Cash-out Refi 5.68% 11/21/24
    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.

    Jersey Shore State Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Jersey Shore State 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

    1,880

    Origination Dollar Volume (All Markets)

    $250,570,000

    Employee count

    250 Show all (7) 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
    WILLIAMSPORT, PA (FHA|USDA|VA) 816 $98,760,000 $121,029 $4,260 3.15%
    STATE COLLEGE, PA (FHA|USDA|VA) 293 $48,405,000 $165,205 $4,604 3.09%
    Lock Haven, PA (FHA|USDA|VA) 253 $28,045,000 $110,850 $4,018 3.15%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 133 $23,785,000 $178,835 $4,153 3.24%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 61 $9,815,000 $160,902 $4,012 3.33%
    Sunbury, PA (FHA|USDA|VA) 76 $9,810,000 $129,079 $3,977 3.18%
    Lewisburg, PA (FHA|USDA|VA) 44 $7,720,000 $175,455 $4,883 3.20%
    Outside of Metro Areas 68 $7,590,000 $111,618 $4,516 2.85%
    DuBois, PA (FHA|USDA|VA) 68 $6,770,000 $99,559 $4,737 2.76%
    Huntingdon, PA (FHA|USDA|VA) 14 $2,020,000 $144,286 $3,994 3.14%
    ALTOONA, PA (FHA|USDA|VA) 13 $1,885,000 $145,000 $4,151 3.40%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $1,455,000 $291,000 $5,432 3.33%
    Lewistown, PA (FHA|USDA|VA) 7 $1,045,000 $149,286 $4,326 3.00%
    Selinsgrove, PA (FHA|USDA|VA) 7 $1,035,000 $147,857 $3,690 3.19%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $500,000 $125,000 $4,074 3.09%
    YORK-HANOVER, PA (FHA|USDA|VA) 3 $375,000 $125,000 $4,218 2.93%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $335,000 $335,000 $4,750 3.13%
    Pottsville, PA (FHA|USDA|VA) 3 $335,000 $111,667 $3,556 3.25%
    Bradford, PA (FHA|USDA|VA) 3 $265,000 $88,333 $3,944 3.46%
    Sayre, PA (FHA|USDA|VA) 2 $160,000 $80,000 $4,411 3.38%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $135,000 $135,000 $5,688 4.13%
    READING, PA (FHA|USDA|VA) 2 $120,000 $60,000 $0 1.48%
    Warren, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.89%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $75,000 $75,000 $3,301 3.63%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 2.89%
    Jersey Shore State Bank's top markets include Williamsport, State College, Lock Haven, Scranton, and Bloomsburg 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.

    HORIZON Federal Credit Union
    Similarity Rank: 98
    Susquehanna Community Bank
    Similarity Rank: 128
    Kish Bank
    Similarity Rank: 216
    The Honesdale National Bank
    Similarity Rank: 294
    First Citizens Community Bank
    Similarity Rank: 310
    ESSA Bank & Trust
    Similarity Rank: 420
    CNB Bank
    Similarity Rank: 468
    S&T Bank
    Similarity Rank: 504
    Citizens & Northern Bank
    Similarity Rank: 528
    Alcova Mortgage LLC
    Similarity Rank: 544

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 851 $77,635,000 $91,228 n/a 2.97%
    Conventional 834 $146,350,000 $175,480 $4,148 3.37%
    USDA 195 $26,585,000 $136,333 $5,577 2.82%

    For 2020, Jersey Shore State Bank's most frequently originated type of loan was HELOC, with 851 originations. Their 2nd most popular type was Conventional, with 834 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 780 $120,160,000 $154,051 $4,591 3.16%
    Refi 694 $94,740,000 $136,513 $3,984 3.09%
    Home Improvement 184 $10,170,000 $55,272 $3,047 3.09%
    Other 124 $7,400,000 $59,677 $0 2.95%
    Cash Out Refi 98 $18,100,000 $184,694 $3,876 3.48%

    For 2020, Jersey Shore State Bank's most frequently cited loan purpose was Home Purchase, with 780 originations. The 2nd most popular reason was Refi, with 694 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 899 $86,935,000 $96,702 $3,264 3.02%
    30 Year 689 $118,015,000 $171,284 $4,263 3.15%
    20 Year 171 $28,545,000 $166,930 $3,815 3.76%
    15 Year 51 $8,375,000 $164,216 $3,754 3.46%
    10 Year 29 $1,125,000 $38,793 $1,734 1.37%
    30+ year 27 $7,225,000 $267,593 $7,266 4.04%
    5 Year 12 $210,000 $17,500 $0 1.76%
    1 Year 2 $140,000 $70,000 $0 3.75%

    For 2020, Jersey Shore State Bank's most frequently cited loan duration was Other, with 899 originations. The 2nd most popular length was 30 Year, with 689 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 759 $124,005,000 $163,379
    $<1k 39 $4,335,000 $111,154
    $2k-3k 34 $9,610,000 $282,647
    $3k-4k 8 $2,760,000 $345,000
    $4k-5k 7 $3,265,000 $466,429
    $5k+ 1 $375,000 $375,000

    Jersey Shore State Bank's average total fees were $4,263, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 759 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,049 $116,625,000 $111,177
    3-4% 560 $99,640,000 $177,929
    4-5% 132 $19,300,000 $146,212
    <2.5% 124 $13,510,000 $108,952
    5-6% 13 $1,475,000 $113,462
    6-7% 1 $15,000 $15,000

    During 2020, Jersey Shore State Bank's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,049 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 811 $42,675,000 $52,620 $3,408 3.03%
    $100k-200k 689 $97,015,000 $140,806 $4,010 3.18%
    $200k-400k 342 $89,320,000 $261,170 $4,825 3.24%
    $400k-600k 29 $13,535,000 $466,724 $6,430 3.43%
    $600k-1MM 7 $5,655,000 $807,857 $9,436 3.89%
    $1MM+ 2 $2,370,000 $1,185,000 $0 3.64%

    2020 saw Jersey Shore State Bank place emphasis on $100,000 or less loans with 811 originations, totaling $42,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 461 $53,255,000 $115,521 $4,207 3.05%
    $50k or less 416 $36,790,000 $88,438 $3,887 2.92%
    $75k-100k 327 $42,745,000 $130,719 $4,234 3.11%
    $100k-150k 323 $48,825,000 $151,161 $4,341 3.14%
    $150k-250k 144 $26,950,000 $187,153 $4,994 3.33%
    $250k+ 60 $14,850,000 $247,500 $5,916 3.25%

    Jersey Shore State Bank lent most frequently to those with incomes in the $50k-75k range, with 461 originations. The second most popular income band? $50k or less, with 416 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 481 $58,425,000 $121,466 $4,224 3.00%
    30-36% 343 $45,365,000 $132,259 $4,334 2.99%
    <20% 316 $32,030,000 $101,361 $3,870 3.01%
    39% 61 $9,075,000 $148,770 $4,380 3.09%
    37% 59 $7,245,000 $122,797 $4,905 2.83%
    40% 55 $8,865,000 $161,182 $4,866 2.98%
    38% 53 $7,085,000 $133,679 $4,216 3.03%
    43% 47 $7,265,000 $154,574 $4,125 3.15%
    36% 45 $7,015,000 $155,889 $4,348 3.03%
    41% 39 $4,605,000 $118,077 $4,069 2.65%
    42% 37 $5,735,000 $155,000 $4,353 3.10%
    44% 34 $4,860,000 $142,941 $4,045 3.06%
    46% 19 $3,945,000 $207,632 $4,547 3.35%
    48% 13 $2,125,000 $163,462 $4,215 3.35%
    45% 13 $2,145,000 $165,000 $4,309 3.27%
    47% 10 $2,160,000 $216,000 $4,236 3.24%
    50-60% 9 $2,085,000 $231,667 $6,238 3.80%
    49% 8 $1,740,000 $217,500 $4,141 3.41%
    >60% 4 $810,000 $202,500 $4,878 4.31%

    Jersey Shore State Bank lent most frequently to those with DTI ratios of 20-30%, with 481 originations. The next most common DTI ratio? 30-36%, with 343 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,656 $211,090,000 $127,470 $4,259 3.09%
    Not applicable 95 $18,905,000 $199,000 $0 4.09%
    Not provided 115 $17,985,000 $156,391 $4,828 2.89%
    Black 9 $1,625,000 $180,556 $4,400 3.20%
    Asian 4 $790,000 $197,500 $4,713 3.50%
    Other Pacific Islander 1 $175,000 $175,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    95.49%

    Jersey Shore State 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
    92.98%

    Jersey Shore State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,880 $250,570,000 $133,282

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $1,270,000 $635,000
    Multifamily:Site-Built 35 $10,755,000 $307,286
    Single Family (1-4 Units):Manufactured 60 $4,230,000 $70,500
    Single Family (1-4 Units):Site-Built 1,783 $234,315,000 $131,416

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 280 $19,670,000 $70,250 $3,337 3.07%
    40-60% 225 $32,395,000 $143,978 $3,759 3.23%
    60-80% 430 $76,270,000 $177,372 $4,215 3.35%
    80-100% 645 $111,695,000 $173,171 $4,520 3.16%
    Over 100% 5 $805,000 $161,000 $4,757 2.94%
    Under 20% 295 $9,735,000 $33,000 $1,936 2.75%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Jersey Shore State Bank 100 Cobblestone Road Bellefonte, PA 16823 Full Service B&M $66,371
    Jersey Shore State Bank 112 Bridge Street Jersey Shore, PA 17740 Full Service B&M $31,300
    Jersey Shore State Bank 115 South Main Street Jersey Shore, PA 17740 Full Service B&M $125,503
    Jersey Shore State Bank 150 Continental Blvd Danville, PA 17821 Full Service B&M $71,006
    Jersey Shore State Bank 1720 East Third Street Williamsport, PA 17701 Full Service B&M $16,417
    Jersey Shore State Bank 173 Hogan Boulevard Mill Hall, PA 17751 Full Service Retail $30,983
    Jersey Shore State Bank 2050 North Atherton Street State College, PA 16803 Full Service B&M $45,136
    Jersey Shore State Bank 2675 Euclid Avenue Duboistown, PA 17702 Full Service B&M $61,648
    Jersey Shore State Bank 2842 Earlystown Road Centre Hall, PA 16828 Full Service B&M $10,413
    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 $275,020
    Jersey Shore State Bank 3635 Penns Valley Road Spring Mills, PA 16875 Full Service B&M $45,216
    Jersey Shore State Bank 4 West Main Street Lock Haven, PA 17745 Full Service B&M $115,235
    Jersey Shore State Bank 44 Muncy Creek Blvd Muncy, PA 17756 Full Service B&M $12,474
    Jersey Shore State Bank 493 East Sycamore Road Snow Shoe, PA 16874 Full Service B&M $11,754
    Jersey Shore State Bank 550 North Derr Drive Lewisburg, PA 17837 Full Service B&M $54,194
    Jersey Shore State Bank 820 Broad Street Montoursville, PA 17754 Full Service B&M $39,898
    Jersey Shore State Bank 9094 Rt. 405 Highway Montgomery, PA 17752 Full Service B&M $31,170

    For 2020, Jersey Shore State Bank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $45,841
    Net interest income $34,254
    Total noninterest income $8,393
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,259
    Trading account gains and fees $0
    Additional Noninterest Income $7,134
    Pre-tax net operating income $14,320
    Securities gains (or losses, -) $1,369
    Income before extraordinary items $12,767
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,767
    Minority interest net income $0
    Net income $12,767
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,658

    Jersey Shore State Bank's gross interest income from loans was $45,841,000.
    Jersey Shore State Bank's net interest income from loans was $34,254,000.
    Jersey Shore State Bank's fee based income from loans was $1,259,000.
    Jersey Shore State Bank's net income from loans was $12,767,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $11,587
    Provision for credit losses $1,900
    Total noninterest expense $26,427
    Salaries and employee benefits $15,313
    Premises and equipment expense $4,056
    Additional noninterest expense $7,058
    Applicable income taxes $2,922
    Net charge-offs $505
    Cash dividends $8,372

    Jersey Shore State Bank's interest expense for loans was $11,587,000.
    Jersey Shore State Bank's payroll and benefits expense were $15,313,000.
    Jersey Shore State Bank's property, plant and equipment expenses $4,056,000.

    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 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 2.0%
    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 $1,044,288
    Deposits held in domestic offices $1,044,288
    Deposits by Individuals, partnerships, and corporations $927,724
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $115,743
    Deposits by Commercial banks and other depository institutions in U.S. $821
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $80,006
    Demand deposits $73,361
    Nontransaction accounts $964,282
    Money market deposit accounts (MMDAs) $223,480
    Other savings deposits (excluding MMDAs) $560,843
    Total time deposits $179,960
    Total time and savings deposits $970,927
    Noninterest-bearing deposits $270,498
    Interest-bearing deposits $773,790
    Retail deposits $990,046
    IRAs and Keogh plan accounts $19,679
    Brokered deposits $26,112
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,305,516
    Cash & Balances due from depository institutions $112,183
    Interest-bearing balances $95,078
    Total securities $131,144
    Federal funds sold & reverse repurchase $0
    Net loans and leases $978,857
    Loan and leases loss allowance $9,291
    Trading account assets $0
    Bank premises and fixed assets $25,243
    Other real estate owned $237
    Goodwill and other intangibles $3,548
    All other assets $54,304

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,305,516
    Total Liabilities $1,200,763
    Total deposits $1,044,288
    Interest-bearing deposits $773,790
    Deposits held in domestic offices $1,044,288
    % insured (estimated) $59
    Federal funds purchased and repurchase agreements $1,729
    Trading liabilities $0
    Other borrowed funds $145,860
    Subordinated debt $0
    All other liabilities $8,886

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $978,857
    Loan and leases loss allowance $9,291
    Total loans and leases (domestic) $988,148
    All real estate loans $734,080
    Real estate loans in domestic offices $734,080
    Construction and development loans $32,715
    Residential 1-4 family construction $9,560
    Other construction, all land development and other land $23,155
    Loans secured by nonfarm nonresidential properties $189,793
    Nonfarm nonresidential secured by owner-occupied properties $58,140
    Commercial real estate & other non-farm, non-residential $131,653
    Multifamily residential real estate $58,455
    1-4 family residential loans $444,145
    Farmland loans $8,972
    Loans held in foreign offices $0
    Farm loans $381
    Commercial and industrial loans $40,186
    To non-U.S. addressees $0
    Loans to individuals $146,159
    Credit card loans $0
    Related Plans $3,365
    Consumer Auto Loans $138,798
    Other loans to individuals $3,996
    All other loans & leases $67,342
    Loans to foreign governments and official institutions $0
    Other loans $71
    Loans to depository institutions and acceptances of other banks $26,318
    Loans not secured by real estate $6,445
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,226
    Non 1-4 family restructured loans & leases $725
    Total loans and leases (foreign) $0

    Jersey Shore State Bank had $978,857,000 of loans outstanding in 2020. $734,080,000 of loans were in real estate loans. $32,715,000 of loans were in development loans. $58,455,000 of loans were in multifamily mortgage loans. $444,145,000 of loans were in 1-4 family mortgage loans. $381,000 of loans were in farm loans. $0 of loans were in credit card loans. $138,798,000 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 421 $77,098 $183,131
    Nonfarm, nonresidential loans - <$100k 124 $5,600 $45,161
    Nonfarm, nonresidential loans - $100-250k 158 $20,071 $127,032
    Nonfarm, nonresidential loans - $250k-1MM 139 $51,427 $369,978
    Commercial & Industrial, US addressed loans - <$1MM 679 $32,178 $47,390
    Commercial & Industrial, US addressed loans - <$100k 559 $13,581 $24,295
    Commercial & Industrial, US addressed loans - $100-250k 91 $9,435 $103,681
    Commercial & Industrial, US addressed loans - $250k-1MM 29 $9,162 $315,931
    Farmland loans - <$1MM 36 $5,441 $151,139
    Farmland loans - <$100k 11 $547 $49,727
    Farmland loans - $100-250k 14 $2,125 $151,786
    Farmland loans - $250k-1MM 11 $2,769 $251,727
    Agriculture operations loans - <$1MM 25 $381 $15,240
    Agriculture operations loans - <$100k 22 $246 $11,182
    Agriculture operations loans - $100-250k 3 $135 $45,000