Unified Bank Mortgage Rates, Fees & Info

Martins Ferry, OH

LEI: 2549001ZX3163R62TB83

Tax ID: 34-0144400

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Mortgage Data

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

    Unified Bank is a smaller bank specializing in Refi and Home Purchase loans. Unified Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wheeling, Canton, New Philadelphia, Akron, and Athens among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Unified 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.

    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

    211

    Origination Dollar Volume (All Markets)

    $20,315,000

    Employee count

    124

    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
    WHEELING, WV-OH (FHA|USDA|VA) 80 $7,900,000 $98,750 $0 0.00%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 30 $3,380,000 $112,667 $0 0.00%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 36 $2,910,000 $80,833 $0 0.00%
    AKRON, OH (FHA|USDA|VA) 8 $1,250,000 $156,250 $0 0.00%
    Athens, OH (FHA|USDA|VA) 13 $1,185,000 $91,154 $0 0.00%
    Outside of Metro Areas 16 $1,120,000 $70,000 $0 0.00%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 10 $1,070,000 $107,000 $0 0.00%
    COLUMBUS, OH (FHA|USDA|VA) 13 $935,000 $71,923 $0 0.00%
    Somerset, PA (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Chillicothe, OH (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Washington Court House, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Coshocton, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Unified Bank's top markets include Wheeling, Canton, New Philadelphia, Akron, and Athens among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 211 $20,315,000 $96,280 $0 0.00%

    For 2018, Unified Bank's most frequently originated type of loan was Conventional, with 211 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 111 $11,215,000 $101,036 $0 0.00%
    Home Purchase 65 $6,385,000 $98,231 $0 0.00%
    Other 22 $1,160,000 $52,727 $0 0.00%
    Home Improvement 11 $1,125,000 $102,273 $0 0.00%
    Cash Out Refi 2 $430,000 $215,000 $0 0.00%

    For 2018, Unified Bank's most frequently cited loan purpose was Refi, with 111 originations. The 2nd most popular reason was Home Purchase, with 65 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 211 $20,315,000 $96,280 $0 0.00%

    For 2018, Unified Bank's most frequently cited loan duration was Other, with 211 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 158 $8,440,000 $53,418 $0 0.00%
    $100k-200k 34 $4,560,000 $134,118 $0 0.00%
    $200k-400k 14 $3,940,000 $281,429 $0 0.00%
    $400k-600k 2 $1,010,000 $505,000 $0 0.00%
    $600k-1MM 2 $1,360,000 $680,000 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%

    2018 saw Unified Bank place emphasis on $100,000 or less loans with 158 originations, totaling $8,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 58 $3,260,000 $56,207 $0 0.00%
    $50k-75k 51 $3,945,000 $77,353 $0 0.00%
    $75k-100k 26 $2,350,000 $90,385 $0 0.00%
    $100k-150k 22 $2,840,000 $129,091 $0 0.00%
    $150k-250k 10 $1,380,000 $138,000 $0 0.00%
    $250k+ 7 $3,165,000 $452,143 $0 0.00%

    Unified Bank lent most frequently to those with incomes in the $50k or less range, with 58 originations. The second most popular income band? $50k-75k, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 211 $20,315,000 $96,280 $0 0.00%

    Unified Bank lent most frequently to those with DTI ratios of Exempt%, with 211 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 177 $17,085,000 $96,525 $0 0.00%
    Not applicable 32 $2,980,000 $93,125 $0 0.00%
    Not provided 2 $250,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.48%

    Unified Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.94%

    Unified Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 211 $20,315,000 $96,280

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $940,000 $470,000
    Single Family (1-4 Units):Manufactured 17 $1,005,000 $59,118
    Single Family (1-4 Units):Site-Built 192 $18,370,000 $95,677

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Unified Bank 100 Plaza Drive Saint Clairsville, OH 43950 Full Service B&M $41,204
    Unified Bank 1321 East Main Street Lancaster, OH 43130 Full Service B&M $5,696
    Unified Bank 141 North Broadway New Philadelphia, OH 44663 Full Service B&M $24,488
    Unified Bank 15 Sherrod Avenue Sherrodsville, OH 44675 Full Service B&M $18,319
    Unified Bank 2 Smith Street Dellroy, OH 44620 Full Service B&M $14,589
    Unified Bank 201 North Columbus Street Lancaster, OH 43130 Full Service B&M $14,985
    Unified Bank 201 South Fourth Street Martins Ferry, OH 43935 Full Service B&M $82,059
    Unified Bank 202 North Wooster Avenue Strasburg, OH 44680 Full Service B&M $18,499
    Unified Bank 303 Walden Avenue Tiltonsville, OH 43963 Full Service B&M $17,763
    Unified Bank 318 East Main Street Jewett, OH 43986 Full Service B&M $24,001
    Unified Bank 68400 Stewart Dr Saint Clairsville, OH 43950 Full Service B&M $22,093
    Unified Bank 873 Chestnut Street Nelsonville, OH 45764 Full Service B&M $10,265
    Unified Bank 88 High Street Glouster, OH 45732 Full Service B&M $16,809
    Unified Bank County Road 80 And North Wooster Avenue Dover, OH 44622 Full Service B&M $19,782
    Unified Bank Howard And Dekalb Streets Bridgeport, OH 43912 Full Service B&M $39,257
    Unified Bank Main St & Liberty St Dillonvale, OH 43917 Full Service B&M $8,024
    Unified Bank State Route 250 And Sharon Road Colerain, OH 43916 Full Service B&M $28,282
    Unified Bank State Street Amesville, OH 45711 Full Service B&M $10,372
    Unified Bank Toledo Street Glouster, OH 45732 Limited, Drive-thru $0

    For 2018, Unified Bank had 19 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,320
    Net interest income $18,286
    Total noninterest income $3,604
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,608
    Trading account gains and fees $0
    Additional Noninterest Income $996
    Pre-tax net operating income $8,608
    Securities gains (or losses, -) $0
    Income before extraordinary items $7,058
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,058
    Minority interest net income $0
    Net income $7,058
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,058

    Unified Bank's gross interest income from loans was $21,320,000.
    Unified Bank's net interest income from loans was $18,286,000.
    Unified Bank's fee based income from loans was $2,608,000.
    Unified Bank's net income from loans was $7,058,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,034
    Provision for credit losses $297
    Total noninterest expense $12,985
    Salaries and employee benefits $6,614
    Premises and equipment expense $2,140
    Additional noninterest expense $4,231
    Applicable income taxes $1,550
    Net charge-offs $376
    Cash dividends $3,603

    Unified Bank's interest expense for loans was $3,034,000.
    Unified Bank's payroll and benefits expense were $6,614,000.
    Unified Bank's property, plant and equipment expenses $2,140,000.

    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 $526,894
    Deposits held in domestic offices $526,894
    Deposits by Individuals, partnerships, and corporations $498,794
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,100
    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 $192,078
    Demand deposits $112,032
    Nontransaction accounts $334,816
    Money market deposit accounts (MMDAs) $118,873
    Other savings deposits (excluding MMDAs) $111,256
    Total time deposits $104,687
    Total time and savings deposits $414,862
    Noninterest-bearing deposits $112,032
    Interest-bearing deposits $414,862
    Retail deposits $510,880
    IRAs and Keogh plan accounts $16,387
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $592,197
    Cash & Balances due from depository institutions $25,108
    Interest-bearing balances $13,172
    Total securities $123,991
    Federal funds sold & reverse repurchase $0
    Net loans and leases $407,640
    Loan and leases loss allowance $2,043
    Trading account assets $0
    Bank premises and fixed assets $12,049
    Other real estate owned $91
    Goodwill and other intangibles $1,751
    All other assets $21,567

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $592,197
    Total Liabilities $541,279
    Total deposits $526,894
    Interest-bearing deposits $414,862
    Deposits held in domestic offices $526,894
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $8,068
    Trading liabilities $0
    Other borrowed funds $106
    Subordinated debt $0
    All other liabilities $6,211

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $407,640
    Loan and leases loss allowance $2,043
    Total loans and leases (domestic) $409,683
    All real estate loans $301,437
    Real estate loans in domestic offices $301,437
    Construction and development loans $17,441
    Residential 1-4 family construction $716
    Other construction, all land development and other land $16,725
    Loans secured by nonfarm nonresidential properties $162,931
    Nonfarm nonresidential secured by owner-occupied properties $87,498
    Commercial real estate & other non-farm, non-residential $75,433
    Multifamily residential real estate $11,376
    1-4 family residential loans $109,360
    Farmland loans $329
    Loans held in foreign offices $0
    Farm loans $92
    Commercial and industrial loans $95,295
    To non-U.S. addressees $0
    Loans to individuals $11,220
    Credit card loans $0
    Related Plans $122
    Consumer Auto Loans $8,152
    Other loans to individuals $2,946
    All other loans & leases $1,639
    Loans to foreign governments and official institutions $0
    Other loans $145
    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

    Unified Bank had $407,640,000 of loans outstanding in 2018. $301,437,000 of loans were in real estate loans. $17,441,000 of loans were in development loans. $11,376,000 of loans were in multifamily mortgage loans. $109,360,000 of loans were in 1-4 family mortgage loans. $92,000 of loans were in farm loans. $0 of loans were in credit card loans. $8,152,000 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 219 $47,032 $214,758
    Nonfarm, nonresidential loans - <$100k 52 $1,965 $37,788
    Nonfarm, nonresidential loans - $100-250k 71 $8,647 $121,789
    Nonfarm, nonresidential loans - $250k-1MM 96 $36,420 $379,375
    Commercial & Industrial, US addressed loans - <$1MM 430 $35,335 $82,174
    Commercial & Industrial, US addressed loans - <$100k 281 $9,083 $32,324
    Commercial & Industrial, US addressed loans - $100-250k 93 $9,335 $100,376
    Commercial & Industrial, US addressed loans - $250k-1MM 56 $16,917 $302,089
    Farmland loans - <$1MM 2 $329 $164,500
    Farmland loans - $100-250k 1 $91 $91,000
    Farmland loans - $250k-1MM 1 $238 $238,000
    Agriculture operations loans - <$1MM 1 $92 $92,000
    Agriculture operations loans - $100-250k 1 $92 $92,000