The Henry County Bank Mortgage Rates, Fees & Info

Napoleon, OH

LEI: 2549000ZEJPSBH6OSH79

Tax ID: 34-4263090

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

    The Henry County Bank is a smaller bank specializing in Home Purchase and Refi loans. The Henry County Bank has a high proportion of conventional loans. Their top markets by origination volume include: Toledo, Defiance, Angola, Coldwater, and Columbus among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Henry County 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. The Henry County 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    189

    Origination Dollar Volume (All Markets)

    $34,925,000

    Employee count

    61

    Awards

    The Henry County Bank 30 Year Conventional Loans gold The Henry County Bank 30 Year Conventional Loans gold The Henry County Bank 30 Year Conventional Loans gold
    Show all (3) 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
    TOLEDO, OH (FHA|USDA|VA) 81 $19,475,000 $240,432 $3,040 3.11%
    Outside of Metro Areas 90 $12,220,000 $135,778 $2,195 2.78%
    Defiance, OH (FHA|USDA|VA) 11 $1,895,000 $172,273 $2,215 2.81%
    Angola, IN (FHA|USDA|VA) 2 $410,000 $205,000 $2,410 2.44%
    Coldwater, MI (FHA|USDA|VA) 1 $375,000 $375,000 $4,160 2.88%
    COLUMBUS, OH (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.25%
    Findlay, OH (FHA|USDA|VA) 1 $135,000 $135,000 $1,959 2.63%
    LIMA, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.00%
    Van Wert, OH (FHA|USDA|VA) 1 $75,000 $75,000 $1,460 3.00%
    The Henry County Bank's top markets include Toledo, Defiance, Angola, Coldwater, and Columbus among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Similar Lenders

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

    Bay Area Credit Union, Inc.
    Similarity Rank: 12
    First Federal Savings and Loan Association of Delta
    Similarity Rank: 150
    The Henry County Bank
    Similarity Rank: 333
    First Federal Savings and Loan Association of Lorain
    Similarity Rank: 666
    The Croghan Colonial Bank
    Similarity Rank: 952
    First National Bank of Bellevue
    Similarity Rank: 962
    The Genoa Banking Company
    Similarity Rank: 1305
    Union Savings Bank
    Similarity Rank: 1650
    The Old Fort Banking Company
    Similarity Rank: 1680
    THE EQUITABLE MORTGAGE CORPORATION
    Similarity Rank: 2640

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 189 $34,925,000 $184,788 $2,503 2.93%

    For 2021, The Henry County Bank's most frequently originated type of loan was Conventional, with 189 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 82 $14,640,000 $178,537 $2,438 3.20%
    Refi 79 $15,745,000 $199,304 $2,141 2.78%
    Cash Out Refi 22 $3,570,000 $162,273 $3,903 2.52%
    Other 6 $970,000 $161,667 $2,243 2.67%

    For 2021, The Henry County Bank's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Refi, with 79 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 75 $16,175,000 $215,667 $2,358 3.24%
    15 Year 49 $6,095,000 $124,388 $2,149 2.50%
    30 Year 48 $8,310,000 $173,125 $3,109 2.96%
    Other 10 $3,580,000 $358,000 $2,541 3.03%
    10 Year 6 $730,000 $121,667 $1,862 2.27%
    5 Year 1 $35,000 $35,000 $1,354 2.50%

    For 2021, The Henry County Bank's most frequently cited loan duration was 20 Year, with 75 originations. The 2nd most popular length was 15 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 68 $6,440,000 $94,706
    $1k-2k 52 $9,560,000 $183,846
    $2k-3k 14 $2,970,000 $212,143
    $3k-4k 5 $1,745,000 $349,000
    $4k-5k 3 $835,000 $278,333
    $5k+ 3 $795,000 $265,000

    The Henry County Bank's average total fees were $3,109, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 68 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 106 $16,660,000 $157,170
    <2.5% 44 $5,770,000 $131,136
    3-4% 35 $12,045,000 $344,143
    4-5% 4 $450,000 $112,500

    During 2021, The Henry County Bank's average interest rate for loans was 2.96%, while their most frequently originated rate bucket for loans was 2.5-3%, with 106 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 78 $10,960,000 $140,513 $2,469 2.87%
    $100,000 or less 60 $4,100,000 $68,333 $1,573 2.90%
    $200k-400k 42 $11,210,000 $266,905 $3,582 2.93%
    $400k-600k 5 $2,395,000 $479,000 $5,674 3.74%
    $1MM+ 2 $4,860,000 $2,430,000 $0 3.50%
    $600k-1MM 2 $1,400,000 $700,000 $6,707 3.50%

    2021 saw The Henry County Bank place emphasis on $100k-200k loans with 78 originations, totaling $10,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 39 $4,775,000 $122,436 $2,370 2.83%
    $100k-150k 35 $6,435,000 $183,857 $2,810 2.78%
    $50k or less 31 $2,835,000 $91,452 $2,028 2.81%
    $75k-100k 26 $3,460,000 $133,077 $2,088 2.82%
    $150k-250k 22 $4,270,000 $194,091 $3,095 2.88%
    $250k+ 14 $3,460,000 $247,143 $3,869 2.83%

    The Henry County Bank lent most frequently to those with incomes in the $50k-75k range, with 39 originations. The second most popular income band? $100k-150k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 70 $11,210,000 $160,143 $2,644 2.70%
    30-36% 27 $3,805,000 $140,926 $2,556 2.67%
    <20% 22 $3,260,000 $148,182 $2,345 2.65%
    40% 5 $635,000 $127,000 $2,544 2.53%
    36% 5 $765,000 $153,000 $2,908 2.83%
    38% 5 $395,000 $79,000 $1,500 2.70%
    43% 4 $780,000 $195,000 $2,432 2.72%
    41% 3 $235,000 $78,333 $1,766 2.75%
    50-60% 3 $555,000 $185,000 $2,362 2.88%
    44% 2 $350,000 $175,000 $2,141 2.44%
    42% 2 $220,000 $110,000 $1,939 2.75%
    >60% 1 $105,000 $105,000 $1,776 2.25%
    37% 1 $135,000 $135,000 $1,731 2.75%
    46% 1 $235,000 $235,000 $3,002 3.25%
    39% 1 $165,000 $165,000 $2,854 2.88%

    The Henry County Bank lent most frequently to those with DTI ratios of 20-30%, with 70 originations. The next most common DTI ratio? 30-36%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 168 $25,350,000 $150,893 $2,505 2.82%
    Not applicable 20 $9,390,000 $469,500 $0 3.89%
    Not provided 1 $185,000 $185,000 $2,184 2.25%

    Approval Rates

    Total approvals of all applications
    95.75%

    The Henry County 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
    93.65%

    The Henry County Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 189 $34,925,000 $184,788

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    189 $34,925,000 $184,788

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $845,000 $93,889 $1,781 2.50%
    40-60% 43 $9,705,000 $225,698 $2,106 2.74%
    60-80% 87 $15,255,000 $175,345 $2,723 2.99%
    80-100% 49 $9,055,000 $184,796 $2,737 3.08%
    Under 20% 1 $65,000 $65,000 $1,631 2.50%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Henry County Bank 110 North Turkey Foot Avenue Malinta, OH 43535 Full Service B&M $15,304
    The Henry County Bank 119 Railway Avenue Holgate, OH 43527 Full Service B&M $37,030
    The Henry County Bank 122 East Washington Street Napoleon, OH 43545 Full Service B&M $158,130
    The Henry County Bank 124 East Court Street Bowling Green, OH 43402 Full Service B&M $9,992
    The Henry County Bank 1423 North Scott Street Napoleon, OH 43545 Full Service B&M $13,929
    The Henry County Bank 403 South Perry Street Napoleon, OH 43545 Full Service B&M $21,881
    The Henry County Bank 523 East Street Liberty Center, OH 43532 Full Service B&M $24,200

    For 2021, The Henry County Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,593
    Net interest income $8,601
    Total noninterest income $1,148
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $467
    Trading account gains and fees $0
    Additional Noninterest Income $681
    Pre-tax net operating income $2,049
    Securities gains (or losses, -) $1
    Income before extraordinary items $1,772
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,772
    Minority interest net income $0
    Net income $1,772
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,771

    The Henry County Bank's gross interest income from loans was $9,593,000.
    The Henry County Bank's net interest income from loans was $8,601,000.
    The Henry County Bank's fee based income from loans was $467,000.
    The Henry County Bank's net income from loans was $1,772,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $992
    Provision for credit losses $0
    Total noninterest expense $7,700
    Salaries and employee benefits $4,419
    Premises and equipment expense $850
    Additional noninterest expense $2,431
    Applicable income taxes $278
    Net charge-offs $-92
    Cash dividends $679

    The Henry County Bank's interest expense for loans was $992,000.
    The Henry County Bank's payroll and benefits expense were $4,419,000.
    The Henry County Bank's property, plant and equipment expenses $850,000.

    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 3.0%
    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 $272,790
    Deposits held in domestic offices $272,790
    Deposits by Individuals, partnerships, and corporations $193,129
    Deposits by U.S. Government $476
    Deposits by States and political subdivisions in the U.S. $79,185
    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 $114,407
    Demand deposits $81,958
    Nontransaction accounts $158,383
    Money market deposit accounts (MMDAs) $13,339
    Other savings deposits (excluding MMDAs) $64,897
    Total time deposits $80,147
    Total time and savings deposits $190,832
    Noninterest-bearing deposits $81,958
    Interest-bearing deposits $190,832
    Retail deposits $214,660
    IRAs and Keogh plan accounts $8,908
    Brokered deposits $8,433
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $328,599
    Cash & Balances due from depository institutions $15,347
    Interest-bearing balances $13,447
    Total securities $136,169
    Federal funds sold & reverse repurchase $0
    Net loans and leases $163,564
    Loan and leases loss allowance $1,887
    Trading account assets $0
    Bank premises and fixed assets $4,563
    Other real estate owned $0
    Goodwill and other intangibles $450
    All other assets $8,506

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $328,599
    Total Liabilities $296,639
    Total deposits $272,790
    Interest-bearing deposits $190,832
    Deposits held in domestic offices $272,790
    % insured (estimated) $63
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $20,109
    Subordinated debt $0
    All other liabilities $3,740

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $163,564
    Loan and leases loss allowance $1,887
    Total loans and leases (domestic) $165,451
    All real estate loans $142,746
    Real estate loans in domestic offices $142,746
    Construction and development loans $10,033
    Residential 1-4 family construction $4,626
    Other construction, all land development and other land $5,407
    Loans secured by nonfarm nonresidential properties $58,038
    Nonfarm nonresidential secured by owner-occupied properties $33,539
    Commercial real estate & other non-farm, non-residential $24,499
    Multifamily residential real estate $17,598
    1-4 family residential loans $54,008
    Farmland loans $3,069
    Loans held in foreign offices $0
    Farm loans $292
    Commercial and industrial loans $9,526
    To non-U.S. addressees $0
    Loans to individuals $12,932
    Credit card loans $0
    Related Plans $8
    Consumer Auto Loans $10,049
    Other loans to individuals $2,875
    All other loans & leases $45
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $1,555
    Non 1-4 family restructured loans & leases $1,418
    Total loans and leases (foreign) $0

    The Henry County Bank had $163,564,000 of loans outstanding in 2021. $142,746,000 of loans were in real estate loans. $10,033,000 of loans were in development loans. $17,598,000 of loans were in multifamily mortgage loans. $54,008,000 of loans were in 1-4 family mortgage loans. $292,000 of loans were in farm loans. $0 of loans were in credit card loans. $10,049,000 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 125 $31,132 $249,056
    Nonfarm, nonresidential loans - <$100k 24 $872 $36,333
    Nonfarm, nonresidential loans - $100-250k 44 $5,485 $124,659
    Nonfarm, nonresidential loans - $250k-1MM 57 $24,775 $434,649
    Commercial & Industrial, US addressed loans - <$1MM 207 $9,231 $44,594
    Commercial & Industrial, US addressed loans - <$100k 168 $3,816 $22,714
    Commercial & Industrial, US addressed loans - $100-250k 25 $1,859 $74,360
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $3,556 $254,000
    Farmland loans - <$1MM 26 $3,069 $118,038
    Farmland loans - <$100k 5 $128 $25,600
    Farmland loans - $100-250k 16 $1,649 $103,063
    Farmland loans - $250k-1MM 5 $1,292 $258,400
    Agriculture operations loans - <$1MM 17 $292 $17,176
    Agriculture operations loans - <$100k 16 $236 $14,750
    Agriculture operations loans - $250k-1MM 1 $56 $56,000