Unified Bank Mortgage Rates, Fees & Info

Martins Ferry, OH

LEI: 2549001ZX3163R62TB83

Tax ID: 34-0144400

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

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, Columbus, New Philadelphia, and Weirton among others. We have data for 16 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.

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Originations

301

Origination Dollar Volume (All Markets)

$46,755,000

Employee count

127

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)	131	$20,755,000	$158,435	$0	0.00%
CANTON-MASSILLON, OH (FHA\|USDA\|VA)	38	$5,970,000	$157,105	$0	0.00%
COLUMBUS, OH (FHA\|USDA\|VA)	31	$5,425,000	$175,000	$0	0.00%
New Philadelphia-Dover, OH (FHA\|USDA\|VA)	32	$4,200,000	$131,250	$0	0.00%
WEIRTON-STEUBENVILLE, WV-OH (FHA\|USDA\|VA)	23	$2,665,000	$115,870	$0	0.00%
Athens, OH (FHA\|USDA\|VA)	19	$2,065,000	$108,684	$0	0.00%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	1	$1,805,000	$1,805,000	$0	0.00%
Outside of Metro Areas	13	$1,095,000	$84,231	$0	0.00%
AKRON, OH (FHA\|USDA\|VA)	5	$935,000	$187,000	$0	0.00%
Salem, OH (FHA\|USDA\|VA)	2	$480,000	$240,000	$0	0.00%
PUNTA GORDA, FL (FHA\|USDA\|VA)	1	$405,000	$405,000	$0	0.00%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA\|USDA\|VA)	1	$315,000	$315,000	$0	0.00%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	1	$315,000	$315,000	$0	0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	1	$185,000	$185,000	$0	0.00%
Mount Vernon, OH (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	0.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	0.00%

Unified Bank's top markets include Wheeling, Canton, Columbus, New Philadelphia, and Weirton among others.

Their top states include:

Ohio (FHA|USDA|VA)

West Virginia (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	301	$46,755,000	$155,332	$0	0.00%

For 2020, Unified Bank's most frequently originated type of loan was Conventional, with 301 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	193	$29,455,000	$152,617	$0	0.00%
Home Purchase	65	$12,975,000	$199,615	$0	0.00%
Other	21	$1,835,000	$87,381	$0	0.00%
Home Improvement	14	$850,000	$60,714	$0	0.00%
Cash Out Refi	8	$1,640,000	$205,000	$0	0.00%

For 2020, Unified Bank's most frequently cited loan purpose was Refi, with 193 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	301	$46,755,000	$155,332	$0	0.00%

For 2020, Unified Bank's most frequently cited loan duration was Other, with 301 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	149	$9,055,000	$60,772	$0	0.00%
$100k-200k	94	$13,010,000	$138,404	$0	0.00%
$200k-400k	42	$10,690,000	$254,524	$0	0.00%
$400k-600k	8	$3,530,000	$441,250	$0	0.00%
$1MM+	5	$8,505,000	$1,701,000	$0	0.00%
$600k-1MM	3	$1,965,000	$655,000	$0	0.00%

2020 saw Unified Bank place emphasis on $100,000 or less loans with 149 originations, totaling $9,055,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	75	$7,585,000	$101,133	$0	0.00%
$50k or less	66	$4,510,000	$68,333	$0	0.00%
$100k-150k	42	$6,530,000	$155,476	$0	0.00%
$75k-100k	35	$4,425,000	$126,429	$0	0.00%
$150k-250k	32	$6,360,000	$198,750	$0	0.00%
$250k+	12	$7,040,000	$586,667	$0	0.00%

Unified Bank lent most frequently to those with incomes in the $50k-75k range, with 75 originations. The second most popular income band? $50k or less, with 66 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	301	$46,755,000	$155,332	$0	0.00%

Unified Bank lent most frequently to those with DTI ratios of Exempt%, with 301 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	263	$38,375,000	$145,913	$0	0.00%
Not applicable	31	$7,365,000	$237,581	$0	0.00%
Asian	3	$375,000	$125,000	$0	0.00%
Black	2	$370,000	$185,000	$0	0.00%
Not provided	2	$270,000	$135,000	$0	0.00%

Approval Rates

Total approvals of all applications
94.63%

Unified Bank has an average approval rate.

Pick Rate

Approvals leading to origination
94.68%

Unified Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	301	$46,755,000	$155,332

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	4	$2,220,000	$555,000
Single Family (1-4 Units):Manufactured	13	$1,395,000	$107,308
Single Family (1-4 Units):Site-Built	284	$43,140,000	$151,901

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Unified Bank	100 Plaza Drive Saint Clairsville, OH 43950	Full Service B&M	$63,040
Unified Bank	1321 East Main Street Lancaster, OH 43130	Full Service B&M	$9,150
Unified Bank	141 North Broadway New Philadelphia, OH 44663	Full Service B&M	$30,145
Unified Bank	15 Sherrod Avenue Sherrodsville, OH 44675	Full Service B&M	$25,232
Unified Bank	2 Smith Street Dellroy, OH 44620	Full Service B&M	$15,565
Unified Bank	201 N Columbus St Lancaster, OH 43130	Full Service B&M	$18,012
Unified Bank	201 South Fourth Street Martins Ferry, OH 43935	Full Service B&M	$109,277
Unified Bank	202 North Wooster Avenue Strasburg, OH 44680	Full Service B&M	$24,766
Unified Bank	303 Walden Avenue Tiltonsville, OH 43963	Full Service B&M	$22,080
Unified Bank	318 East Main Street Jewett, OH 43986	Full Service B&M	$26,979
Unified Bank	345 Highway 7 N Powhatan Point, OH 43942	Full Service B&M	$59,739
Unified Bank	68400 Stewart Dr Saint Clairsville, OH 43950	Full Service B&M	$30,843
Unified Bank	873 Chestnut Street Nelsonville, OH 45764	Full Service B&M	$12,576
Unified Bank	88 High Street Glouster, OH 45732	Full Service B&M	$19,345
Unified Bank	County Road 80 And North Wooster Avenue Dover, OH 44622	Full Service B&M	$23,520
Unified Bank	Howard And Dekalb Streets Bridgeport, OH 43912	Full Service B&M	$54,259
Unified Bank	Main St & Liberty St Dillonvale, OH 43917	Full Service B&M	$8,986
Unified Bank	State Route 250 And Sharon Road Colerain, OH 43916	Full Service B&M	$35,405
Unified Bank	State Street Amesville, OH 45711	Full Service B&M	$6,048

For 2020, Unified Bank had 19 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$27,628
Net interest income	$24,223
Total noninterest income	$4,327
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$2,580
Trading account gains and fees	$0
Additional Noninterest Income	$1,747
Pre-tax net operating income	$9,721
Securities gains (or losses, -)	$2,594
Income before extraordinary items	$10,901
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$10,901
Minority interest net income	$0
Net income	$10,901
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$8,592

Unified Bank's gross interest income from loans was $27,628,000.
Unified Bank's net interest income from loans was $24,223,000.
Unified Bank's fee based income from loans was $2,580,000.
Unified Bank's net income from loans was $10,901,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,405
Provision for credit losses	$3,337
Total noninterest expense	$15,492
Salaries and employee benefits	$7,763
Premises and equipment expense	$2,406
Additional noninterest expense	$5,323
Applicable income taxes	$1,414
Net charge-offs	$455
Cash dividends	$10,392

Unified Bank's interest expense for loans was $3,405,000.
Unified Bank's payroll and benefits expense were $7,763,000.
Unified Bank's property, plant and equipment expenses $2,406,000.

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	$583,073
Deposits held in domestic offices	$583,073
Deposits by Individuals, partnerships, and corporations	$552,893
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$30,180
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	$235,158
Demand deposits	$122,737
Nontransaction accounts	$347,915
Money market deposit accounts (MMDAs)	$149,263
Other savings deposits (excluding MMDAs)	$117,953
Total time deposits	$80,699
Total time and savings deposits	$460,336
Noninterest-bearing deposits	$122,737
Interest-bearing deposits	$460,336
Retail deposits	$575,303
IRAs and Keogh plan accounts	$17,722
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$694,909
Cash & Balances due from depository institutions	$51,699
Interest-bearing balances	$37,462
Total securities	$158,066
Federal funds sold & reverse repurchase	$0
Net loans and leases	$438,378
Loan and leases loss allowance	$5,113
Trading account assets	$0
Bank premises and fixed assets	$13,583
Other real estate owned	$721
Goodwill and other intangibles	$1,392
All other assets	$31,070

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$694,909
Total Liabilities	$606,634
Total deposits	$583,073
Interest-bearing deposits	$460,336
Deposits held in domestic offices	$583,073
% insured (estimated)	$85
Federal funds purchased and repurchase agreements	$12,705
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$10,856

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$438,378
Loan and leases loss allowance	$5,113
Total loans and leases (domestic)	$443,491
All real estate loans	$329,180
Real estate loans in domestic offices	$329,180
Construction and development loans	$18,191
Residential 1-4 family construction	$3,557
Other construction, all land development and other land	$14,634
Loans secured by nonfarm nonresidential properties	$171,475
Nonfarm nonresidential secured by owner-occupied properties	$87,873
Commercial real estate & other non-farm, non-residential	$83,602
Multifamily residential real estate	$19,115
1-4 family residential loans	$120,125
Farmland loans	$274
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$105,423
To non-U.S. addressees	$0
Loans to individuals	$8,070
Credit card loans	$0
Related Plans	$79
Consumer Auto Loans	$5,356
Other loans to individuals	$2,635
All other loans & leases	$818
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	$67
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

Unified Bank had $438,378,000 of loans outstanding in 2020. $329,180,000 of loans were in real estate loans. $18,191,000 of loans were in development loans. $19,115,000 of loans were in multifamily mortgage loans. $120,125,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $5,356,000 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	238	$51,486	$216,328
Nonfarm, nonresidential loans - <$100k	54	$1,995	$36,944
Nonfarm, nonresidential loans - $100-250k	73	$8,336	$114,192
Nonfarm, nonresidential loans - $250k-1MM	111	$41,155	$370,766
Commercial & Industrial, US addressed loans - <$1MM	502	$37,598	$74,896
Commercial & Industrial, US addressed loans - <$100k	313	$10,206	$32,607
Commercial & Industrial, US addressed loans - $100-250k	136	$13,698	$100,721
Commercial & Industrial, US addressed loans - $250k-1MM	53	$13,694	$258,377
Farmland loans - <$1MM	2	$274	$137,000
Farmland loans - $100-250k	1	$75	$75,000
Farmland loans - $250k-1MM	1	$199	$199,000