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
  • 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

    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, Columbus, Canton, Weirton, and New Philadelphia among others. We have data for 12 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.

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    Originations

    208

    Origination Dollar Volume (All Markets)

    $29,490,000

    Employee count

    132

    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) 90 $9,550,000 $106,111 $0 0.00%
    COLUMBUS, OH (FHA|USDA|VA) 20 $5,490,000 $274,500 $0 0.00%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 25 $5,085,000 $203,400 $0 0.00%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 18 $3,290,000 $182,778 $0 0.00%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 19 $1,955,000 $102,895 $0 0.00%
    AKRON, OH (FHA|USDA|VA) 8 $1,260,000 $157,500 $0 0.00%
    Athens, OH (FHA|USDA|VA) 14 $1,140,000 $81,429 $0 0.00%
    Outside of Metro Areas 10 $790,000 $79,000 $0 0.00%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $665,000 $665,000 $0 0.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Coshocton, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Unified Bank's top markets include Wheeling, Columbus, Canton, Weirton, and New Philadelphia 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 208 $29,490,000 $141,779 $0 0.00%

    For 2019, Unified Bank's most frequently originated type of loan was Conventional, with 208 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 103 $12,765,000 $123,932 $0 0.00%
    Home Purchase 60 $14,340,000 $239,000 $0 0.00%
    Other 33 $1,455,000 $44,091 $0 0.00%
    Home Improvement 10 $460,000 $46,000 $0 0.00%
    Cash Out Refi 2 $470,000 $235,000 $0 0.00%

    For 2019, Unified Bank's most frequently cited loan purpose was Refi, with 103 originations. The 2nd most popular reason was Home Purchase, with 60 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 208 $29,490,000 $141,779 $0 0.00%

    For 2019, Unified Bank's most frequently cited loan duration was Other, with 208 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 140 $7,450,000 $53,214 $0 0.00%
    $100k-200k 41 $5,145,000 $125,488 $0 0.00%
    $200k-400k 16 $4,190,000 $261,875 $0 0.00%
    $400k-600k 5 $2,775,000 $555,000 $0 0.00%
    $1MM+ 4 $8,620,000 $2,155,000 $0 0.00%
    $600k-1MM 2 $1,310,000 $655,000 $0 0.00%

    2019 saw Unified Bank place emphasis on $100,000 or less loans with 140 originations, totaling $7,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 63 $3,255,000 $51,667 $0 0.00%
    $50k-75k 46 $3,640,000 $79,130 $0 0.00%
    $100k-150k 27 $3,315,000 $122,778 $0 0.00%
    $75k-100k 22 $2,330,000 $105,909 $0 0.00%
    $150k-250k 7 $2,185,000 $312,143 $0 0.00%
    $250k+ 6 $1,510,000 $251,667 $0 0.00%

    Unified Bank lent most frequently to those with incomes in the $50k or less range, with 63 originations. The second most popular income band? $50k-75k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 208 $29,490,000 $141,779 $0 0.00%

    Unified Bank lent most frequently to those with DTI ratios of Exempt%, with 208 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 170 $15,870,000 $93,353 $0 0.00%
    Not applicable 34 $13,100,000 $385,294 $0 0.00%
    Asian 1 $345,000 $345,000 $0 0.00%
    Not provided 2 $150,000 $75,000 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.53%

    Unified Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.23%

    Unified Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 208 $29,490,000 $141,779

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $8,250,000 $1,031,250
    Single Family (1-4 Units):Manufactured 9 $615,000 $68,333
    Single Family (1-4 Units):Site-Built 191 $20,625,000 $107,984

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Unified Lending Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Unified Bank 100 Plaza Drive Saint Clairsville, OH 43950 Full Service B&M $60,039
    Unified Bank 1321 East Main Street Lancaster, OH 43130 Full Service B&M $8,438
    Unified Bank 141 North Broadway New Philadelphia, OH 44663 Full Service B&M $28,443
    Unified Bank 15 Sherrod Avenue Sherrodsville, OH 44675 Full Service B&M $23,218
    Unified Bank 2 Smith Street Dellroy, OH 44620 Full Service B&M $14,976
    Unified Bank 201 North Columbus Street Lancaster, OH 43130 Full Service B&M $14,984
    Unified Bank 201 South Fourth Street Martins Ferry, OH 43935 Full Service B&M $104,175
    Unified Bank 202 North Wooster Avenue Strasburg, OH 44680 Full Service B&M $22,134
    Unified Bank 303 Walden Avenue Tiltonsville, OH 43963 Full Service B&M $19,873
    Unified Bank 318 East Main Street Jewett, OH 43986 Full Service B&M $26,230
    Unified Bank 345 Highway 7 North Powhatan Point, OH 43942 Full Service B&M $56,432
    Unified Bank 68400 Stewart Dr Saint Clairsville, OH 43950 Full Service B&M $29,974
    Unified Bank 873 Chestnut Street Nelsonville, OH 45764 Full Service B&M $11,167
    Unified Bank 88 High Street Glouster, OH 45732 Full Service B&M $17,513
    Unified Bank County Road 80 And North Wooster Avenue Dover, OH 44622 Full Service B&M $21,075
    Unified Bank Howard And Dekalb Streets Bridgeport, OH 43912 Full Service B&M $45,335
    Unified Bank Main St & Liberty St Dillonvale, OH 43917 Full Service B&M $8,090
    Unified Bank State Route 250 And Sharon Road Colerain, OH 43916 Full Service B&M $33,107
    Unified Bank State Street Amesville, OH 45711 Full Service B&M $6,047
    Unified Bank Toledo Street Glouster, OH 45732 Limited, Drive-thru $0

    For 2019, Unified Bank had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,033
    Net interest income $21,884
    Total noninterest income $3,884
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,844
    Trading account gains and fees $0
    Additional Noninterest Income $1,040
    Pre-tax net operating income $10,864
    Securities gains (or losses, -) $0
    Income before extraordinary items $9,555
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,555
    Minority interest net income $0
    Net income $9,555
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,555

    Unified Bank's gross interest income from loans was $27,033,000.
    Unified Bank's net interest income from loans was $21,884,000.
    Unified Bank's fee based income from loans was $2,844,000.
    Unified Bank's net income from loans was $9,555,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,149
    Provision for credit losses $908
    Total noninterest expense $13,996
    Salaries and employee benefits $7,287
    Premises and equipment expense $2,263
    Additional noninterest expense $4,446
    Applicable income taxes $1,309
    Net charge-offs $720
    Cash dividends $7,585

    Unified Bank's interest expense for loans was $5,149,000.
    Unified Bank's payroll and benefits expense were $7,287,000.
    Unified Bank's property, plant and equipment expenses $2,263,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $554,743
    Deposits held in domestic offices $554,743
    Deposits by Individuals, partnerships, and corporations $530,788
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,955
    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 $193,723
    Demand deposits $101,335
    Nontransaction accounts $361,020
    Money market deposit accounts (MMDAs) $147,331
    Other savings deposits (excluding MMDAs) $108,218
    Total time deposits $105,471
    Total time and savings deposits $453,408
    Noninterest-bearing deposits $101,335
    Interest-bearing deposits $453,408
    Retail deposits $540,756
    IRAs and Keogh plan accounts $17,637
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $684,875
    Cash & Balances due from depository institutions $14,813
    Interest-bearing balances $6,599
    Total securities $188,785
    Federal funds sold & reverse repurchase $0
    Net loans and leases $439,317
    Loan and leases loss allowance $2,231
    Trading account assets $0
    Bank premises and fixed assets $12,352
    Other real estate owned $818
    Goodwill and other intangibles $1,542
    All other assets $27,248

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $684,875
    Total Liabilities $609,985
    Total deposits $554,743
    Interest-bearing deposits $453,408
    Deposits held in domestic offices $554,743
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $6,916
    Trading liabilities $0
    Other borrowed funds $39,800
    Subordinated debt $0
    All other liabilities $8,526

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $439,317
    Loan and leases loss allowance $2,231
    Total loans and leases (domestic) $441,548
    All real estate loans $329,724
    Real estate loans in domestic offices $329,724
    Construction and development loans $23,121
    Residential 1-4 family construction $637
    Other construction, all land development and other land $22,484
    Loans secured by nonfarm nonresidential properties $180,767
    Nonfarm nonresidential secured by owner-occupied properties $89,847
    Commercial real estate & other non-farm, non-residential $90,920
    Multifamily residential real estate $15,362
    1-4 family residential loans $110,181
    Farmland loans $293
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $101,474
    To non-U.S. addressees $0
    Loans to individuals $9,381
    Credit card loans $0
    Related Plans $109
    Consumer Auto Loans $6,961
    Other loans to individuals $2,311
    All other loans & leases $969
    Loans to foreign governments and official institutions $0
    Other loans $76
    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 $439,317,000 of loans outstanding in 2019. $329,724,000 of loans were in real estate loans. $23,121,000 of loans were in development loans. $15,362,000 of loans were in multifamily mortgage loans. $110,181,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $6,961,000 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 242 $51,709 $213,674
    Nonfarm, nonresidential loans - <$100k 56 $2,122 $37,893
    Nonfarm, nonresidential loans - $100-250k 77 $9,193 $119,390
    Nonfarm, nonresidential loans - $250k-1MM 109 $40,394 $370,587
    Commercial & Industrial, US addressed loans - <$1MM 517 $40,864 $79,041
    Commercial & Industrial, US addressed loans - <$100k 334 $11,793 $35,308
    Commercial & Industrial, US addressed loans - $100-250k 123 $12,407 $100,870
    Commercial & Industrial, US addressed loans - $250k-1MM 60 $16,664 $277,733
    Farmland loans - <$1MM 2 $292 $146,000
    Farmland loans - $100-250k 1 $83 $83,000
    Farmland loans - $250k-1MM 1 $209 $209,000