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, Columbus, New Philadelphia, and Weirton among others. We have data for 14 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

    290

    Origination Dollar Volume (All Markets)

    $47,410,000

    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) 110 $18,010,000 $163,727 $0 0.00%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 41 $6,895,000 $168,171 $0 0.00%
    COLUMBUS, OH (FHA|USDA|VA) 30 $6,590,000 $219,667 $0 0.00%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 33 $4,565,000 $138,333 $0 0.00%
    Outside of Metro Areas 27 $3,425,000 $126,852 $0 0.00%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 26 $2,850,000 $109,615 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $1,020,000 $510,000 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $965,000 $965,000 $0 0.00%
    Athens, OH (FHA|USDA|VA) 9 $925,000 $102,778 $0 0.00%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $705,000 $705,000 $0 0.00%
    AKRON, OH (FHA|USDA|VA) 5 $695,000 $139,000 $0 0.00%
    Cambridge, OH (FHA|USDA|VA) 3 $455,000 $151,667 $0 0.00%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $85,000 $85,000 $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)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 290 $47,410,000 $163,483 $0 0.00%

    For 2021, Unified Bank's most frequently originated type of loan was Conventional, with 290 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 149 $25,105,000 $168,490 $0 0.00%
    Home Purchase 96 $16,950,000 $176,563 $0 0.00%
    Home Improvement 18 $900,000 $50,000 $0 0.00%
    Other 15 $2,315,000 $154,333 $0 0.00%
    Cash Out Refi 12 $2,140,000 $178,333 $0 0.00%

    For 2021, Unified Bank's most frequently cited loan purpose was Refi, with 149 originations. The 2nd most popular reason was Home Purchase, with 96 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 290 $47,410,000 $163,483 $0 0.00%

    For 2021, Unified Bank's most frequently cited loan duration was Other, with 290 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 136 $7,900,000 $58,088 $0 0.00%
    $100k-200k 94 $13,260,000 $141,064 $0 0.00%
    $200k-400k 43 $10,665,000 $248,023 $0 0.00%
    $600k-1MM 8 $6,490,000 $811,250 $0 0.00%
    $400k-600k 6 $2,810,000 $468,333 $0 0.00%
    $1MM+ 3 $6,285,000 $2,095,000 $0 0.00%

    2021 saw Unified Bank place emphasis on $100,000 or less loans with 136 originations, totaling $7,900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 65 $7,315,000 $112,538 $0 0.00%
    $50k or less 61 $4,705,000 $77,131 $0 0.00%
    $75k-100k 38 $4,380,000 $115,263 $0 0.00%
    $100k-150k 37 $5,765,000 $155,811 $0 0.00%
    $150k-250k 21 $4,885,000 $232,619 $0 0.00%
    $250k+ 11 $4,115,000 $374,091 $0 0.00%

    Unified Bank lent most frequently to those with incomes in the $50k-75k range, with 65 originations. The second most popular income band? $50k or less, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 290 $47,410,000 $163,483 $0 0.00%

    Unified Bank lent most frequently to those with DTI ratios of Exempt%, with 290 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 233 $32,995,000 $141,609 $0 0.00%
    Not applicable 51 $12,955,000 $254,020 $0 0.00%
    Black 1 $705,000 $705,000 $0 0.00%
    Not provided 4 $620,000 $155,000 $0 0.00%
    Asian 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.73%

    Unified Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.72%

    Unified Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 290 $47,410,000 $163,483

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    290 $47,410,000 $163,483

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Unified Bank 100 Plaza Drive Saint Clairsville, OH 43950 Full Service B&M $57,814
    Unified Bank 1321 East Main Street Lancaster, OH 43130 Full Service B&M $9,080
    Unified Bank 141 North Broadway New Philadelphia, OH 44663 Full Service B&M $26,066
    Unified Bank 15 Sherrod Avenue Sherrodsville, OH 44675 Full Service B&M $20,889
    Unified Bank 2 Smith Street Dellroy, OH 44620 Full Service B&M $18,179
    Unified Bank 201 N Columbus St Lancaster, OH 43130 Full Service B&M $16,734
    Unified Bank 201 South Fourth Street Martins Ferry, OH 43935 Full Service B&M $113,283
    Unified Bank 202 North Wooster Avenue Strasburg, OH 44680 Full Service B&M $26,533
    Unified Bank 303 Walden Avenue Tiltonsville, OH 43963 Full Service B&M $26,931
    Unified Bank 318 East Main Street Jewett, OH 43986 Full Service B&M $28,927
    Unified Bank 345 Highway 7 N Powhatan Point, OH 43942 Full Service B&M $61,196
    Unified Bank 68400 Stewart Dr Saint Clairsville, OH 43950 Full Service B&M $30,922
    Unified Bank 700 Seventh Street Moundsville, WV 26041 Full Service B&M $4,441
    Unified Bank 873 Chestnut Street Nelsonville, OH 45764 Full Service B&M $18,177
    Unified Bank 88 High Street Glouster, OH 45732 Full Service B&M $20,820
    Unified Bank County Road 80 And North Wooster Avenue Dover, OH 44622 Full Service B&M $23,742
    Unified Bank Howard And Dekalb Streets Bridgeport, OH 43912 Full Service B&M $51,541
    Unified Bank Main St & Liberty St Dillonvale, OH 43917 Full Service B&M $10,304
    Unified Bank State Route 250 And Sharon Road Colerain, OH 43916 Full Service B&M $37,419
    Unified Bank State Street Amesville, OH 45711 Full Service B&M $6,796

    For 2021, Unified Bank had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,737
    Net interest income $23,463
    Total noninterest income $4,529
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,852
    Trading account gains and fees $0
    Additional Noninterest Income $1,677
    Pre-tax net operating income $13,652
    Securities gains (or losses, -) $1,250
    Income before extraordinary items $12,899
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,899
    Minority interest net income $0
    Net income $12,899
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,811

    Unified Bank's gross interest income from loans was $24,737,000.
    Unified Bank's net interest income from loans was $23,463,000.
    Unified Bank's fee based income from loans was $2,852,000.
    Unified Bank's net income from loans was $12,899,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,274
    Provision for credit losses $-1,255
    Total noninterest expense $15,595
    Salaries and employee benefits $7,640
    Premises and equipment expense $2,364
    Additional noninterest expense $5,591
    Applicable income taxes $2,003
    Net charge-offs $184
    Cash dividends $0

    Unified Bank's interest expense for loans was $1,274,000.
    Unified Bank's payroll and benefits expense were $7,640,000.
    Unified Bank's property, plant and equipment expenses $2,364,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    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 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 $614,082
    Deposits held in domestic offices $614,082
    Deposits by Individuals, partnerships, and corporations $576,782
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $37,300
    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 $269,211
    Demand deposits $143,908
    Nontransaction accounts $344,871
    Money market deposit accounts (MMDAs) $148,460
    Other savings deposits (excluding MMDAs) $140,169
    Total time deposits $56,242
    Total time and savings deposits $470,174
    Noninterest-bearing deposits $143,908
    Interest-bearing deposits $470,174
    Retail deposits $609,645
    IRAs and Keogh plan accounts $15,916
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $727,114
    Cash & Balances due from depository institutions $82,874
    Interest-bearing balances $72,533
    Total securities $146,312
    Federal funds sold & reverse repurchase $0
    Net loans and leases $450,728
    Loan and leases loss allowance $3,673
    Trading account assets $0
    Bank premises and fixed assets $12,708
    Other real estate owned $415
    Goodwill and other intangibles $1,242
    All other assets $32,835

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $727,114
    Total Liabilities $641,160
    Total deposits $614,082
    Interest-bearing deposits $470,174
    Deposits held in domestic offices $614,082
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $15,701
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $11,377

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $450,728
    Loan and leases loss allowance $3,673
    Total loans and leases (domestic) $454,401
    All real estate loans $355,586
    Real estate loans in domestic offices $355,586
    Construction and development loans $27,488
    Residential 1-4 family construction $1,095
    Other construction, all land development and other land $26,393
    Loans secured by nonfarm nonresidential properties $172,111
    Nonfarm nonresidential secured by owner-occupied properties $80,509
    Commercial real estate & other non-farm, non-residential $91,602
    Multifamily residential real estate $28,533
    1-4 family residential loans $127,367
    Farmland loans $87
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $91,238
    To non-U.S. addressees $0
    Loans to individuals $6,416
    Credit card loans $0
    Related Plans $72
    Consumer Auto Loans $4,116
    Other loans to individuals $2,228
    All other loans & leases $1,161
    Loans to foreign governments and official institutions $0
    Other loans $318
    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 $450,728,000 of loans outstanding in 2021. $355,586,000 of loans were in real estate loans. $27,488,000 of loans were in development loans. $28,533,000 of loans were in multifamily mortgage loans. $127,367,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $4,116,000 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 217 $45,881 $211,433
    Nonfarm, nonresidential loans - <$100k 50 $1,955 $39,100
    Nonfarm, nonresidential loans - $100-250k 67 $7,194 $107,373
    Nonfarm, nonresidential loans - $250k-1MM 100 $36,732 $367,320
    Commercial & Industrial, US addressed loans - <$1MM 470 $32,844 $69,881
    Commercial & Industrial, US addressed loans - <$100k 298 $8,800 $29,530
    Commercial & Industrial, US addressed loans - $100-250k 122 $11,259 $92,287
    Commercial & Industrial, US addressed loans - $250k-1MM 50 $12,785 $255,700
    Farmland loans - <$1MM 2 $87 $43,500
    Farmland loans - $100-250k 1 $66 $66,000
    Farmland loans - $250k-1MM 1 $21 $21,000