Woodsfield Savings Bank Mortgage Rates, Fees & Info

Woodsfield, OH

LEI: 2549005VXCHU3KAB6N44

Tax ID: 34-0627390

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

Jump to:

Mortgage Data

Bank Data

Review & Overview

Woodsfield Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Woodsfield Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wheeling, Cambridge, Marietta, and New Philadelphia among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Woodsfield Savings Bank has an above average approval rate when compared to the average across all lenders. They have a below 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.

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

85

Origination Dollar Volume (All Markets)

$10,525,000

Employee count

19

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
Outside of Metro Areas 47 $5,575,000 $118,617 $0 0.00%
WHEELING, WV-OH (FHA|USDA|VA) 29 $3,785,000 $130,517 $0 0.00%
Cambridge, OH (FHA|USDA|VA) 7 $945,000 $135,000 $0 0.00%
Marietta, OH (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Woodsfield Savings Bank's top markets include Wheeling, Cambridge, Marietta, and New Philadelphia among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 85 $10,525,000 $123,824 $0 0.00%

    For 2019, Woodsfield Savings Bank's most frequently originated type of loan was Conventional, with 85 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 33 $3,785,000 $114,697 $0 0.00%
    Cash Out Refi 29 $4,715,000 $162,586 $0 0.00%
    Home Improvement 12 $770,000 $64,167 $0 0.00%
    Other 10 $1,170,000 $117,000 $0 0.00%
    Refi 1 $85,000 $85,000 $0 0.00%

    For 2019, Woodsfield Savings Bank's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 85 $10,525,000 $123,824 $0 0.00%

    For 2019, Woodsfield Savings Bank's most frequently cited loan duration was Other, with 85 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,320,000 $52,727 $0 0.00%
    $100k-200k 28 $4,130,000 $147,500 $0 0.00%
    $200k-400k 11 $3,015,000 $274,091 $0 0.00%
    $400k-600k 1 $455,000 $455,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2019 saw Woodsfield Savings Bank place emphasis on $100,000 or less loans with 44 originations, totaling $2,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 24 $2,160,000 $90,000 $0 0.00%
    $100k-150k 20 $2,660,000 $133,000 $0 0.00%
    $50k or less 19 $1,605,000 $84,474 $0 0.00%
    $75k-100k 11 $1,445,000 $131,364 $0 0.00%
    $150k-250k 7 $1,885,000 $269,286 $0 0.00%
    $250k+ 4 $770,000 $192,500 $0 0.00%

    Woodsfield Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 24 originations. The second most popular income band? $100k-150k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 85 $10,525,000 $123,824 $0 0.00%

    Woodsfield Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 85 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $10,525,000 $123,824 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.65%

    Woodsfield Savings 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
    70.59%

    Woodsfield Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 85 $10,525,000 $123,824

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 85 $10,525,000 $123,824

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Woodsfield Savings Bank 201 North Chestnut Street Barnesville, OH 43713 Full Service B&M $8,215
    Woodsfield Savings Bank 600 Lewisville Road Woodsfield, OH 43793 Full Service B&M $54,799

    For 2019, Woodsfield Savings Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $2,664
    Net interest income $2,304
    Total noninterest income $192
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $52
    Trading account gains and fees $0
    Additional Noninterest Income $140
    Pre-tax net operating income $363
    Securities gains (or losses, -) $-16
    Income before extraordinary items $303
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $303
    Minority interest net income $0
    Net income $303
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $316

    Woodsfield Savings Bank's gross interest income from loans was $2,664,000.
    Woodsfield Savings Bank's net interest income from loans was $2,304,000.
    Woodsfield Savings Bank's fee based income from loans was $52,000.
    Woodsfield Savings Bank's net income from loans was $303,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $360
    Provision for credit losses $101
    Total noninterest expense $2,032
    Salaries and employee benefits $832
    Premises and equipment expense $316
    Additional noninterest expense $884
    Applicable income taxes $44
    Net charge-offs $-2
    Cash dividends $111

    Woodsfield Savings Bank's interest expense for loans was $360,000.
    Woodsfield Savings Bank's payroll and benefits expense were $832,000.
    Woodsfield Savings Bank's property, plant and equipment expenses $316,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 7.0%
    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 $64,152
    Deposits held in domestic offices $64,152
    Deposits by Individuals, partnerships, and corporations $63,345
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $807
    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 $15,998
    Demand deposits $12,277
    Nontransaction accounts $48,154
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $30,333
    Total time deposits $17,821
    Total time and savings deposits $51,875
    Noninterest-bearing deposits $12,217
    Interest-bearing deposits $51,935
    Retail deposits $62,880
    IRAs and Keogh plan accounts $1,521
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $70,293
    Cash & Balances due from depository institutions $13,020
    Interest-bearing balances $12,191
    Total securities $12,165
    Federal funds sold & reverse repurchase $0
    Net loans and leases $42,387
    Loan and leases loss allowance $347
    Trading account assets $0
    Bank premises and fixed assets $2,158
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $563

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $70,293
    Total Liabilities $64,481
    Total deposits $64,152
    Interest-bearing deposits $51,935
    Deposits held in domestic offices $64,152
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $329

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $42,387
    Loan and leases loss allowance $347
    Total loans and leases (domestic) $42,734
    All real estate loans $34,633
    Real estate loans in domestic offices $34,633
    Construction and development loans $3,318
    Residential 1-4 family construction $2,431
    Other construction, all land development and other land $887
    Loans secured by nonfarm nonresidential properties $3,282
    Nonfarm nonresidential secured by owner-occupied properties $2,218
    Commercial real estate & other non-farm, non-residential $1,064
    Multifamily residential real estate $0
    1-4 family residential loans $28,033
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $30
    Commercial and industrial loans $2,132
    To non-U.S. addressees $0
    Loans to individuals $5,934
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,745
    Other loans to individuals $1,189
    All other loans & leases $5
    Loans to foreign governments and official institutions $0
    Other loans $5
    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

    Woodsfield Savings Bank had $42,387,000 of loans outstanding in 2019. $34,633,000 of loans were in real estate loans. $3,318,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $28,033,000 of loans were in 1-4 family mortgage loans. $30,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,745,000 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 31 $3,282 $105,871
    Nonfarm, nonresidential loans - <$100k 18 $661 $36,722
    Nonfarm, nonresidential loans - $100-250k 8 $1,097 $137,125
    Nonfarm, nonresidential loans - $250k-1MM 5 $1,524 $304,800
    Commercial & Industrial, US addressed loans - <$1MM 44 $2,132 $48,455
    Commercial & Industrial, US addressed loans - <$100k 38 $922 $24,263
    Commercial & Industrial, US addressed loans - $100-250k 6 $1,210 $201,667
    Agriculture operations loans - <$1MM 2 $30 $15,000
    Agriculture operations loans - <$100k 2 $30 $15,000