Woodsfield Savings Bank Mortgage Rates, Fees & Info
Woodsfield, OHLEI: 2549005VXCHU3KAB6N44
Tax ID: 34-0627390
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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, Dayton, and Marietta 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 average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
67Origination Dollar Volume (All Markets)
$9,365,000Employee count
21Top 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 | 31 | $4,345,000 | $140,161 | $0 | 0.00% |
| WHEELING, WV-OH (FHA|USDA|VA) | 26 | $3,150,000 | $121,154 | $0 | 0.00% |
| Cambridge, OH (FHA|USDA|VA) | 8 | $960,000 | $120,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| Marietta, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 67 | $9,365,000 | $139,776 | $0 | 0.00% |
For 2021, Woodsfield Savings Bank's most frequently originated type of loan was Conventional, with 67 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 35 | $4,325,000 | $123,571 | $0 | 0.00% |
| Cash Out Refi | 31 | $4,535,000 | $146,290 | $0 | 0.00% |
| Refi | 1 | $505,000 | $505,000 | $0 | 0.00% |
For 2021, Woodsfield Savings Bank's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 67 | $9,365,000 | $139,776 | $0 | 0.00% |
For 2021, Woodsfield Savings Bank's most frequently cited loan duration was Other, with 67 originations.
Loan Sizing
2021 saw Woodsfield Savings Bank place emphasis on $100k-200k loans with 29 originations, totaling $3,945,000 in origination value.
Applicant Income
Woodsfield Savings Bank lent most frequently to those with incomes in the $50k or less range, with 21 originations. The second most popular income band? $50k-75k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 67 | $9,365,000 | $139,776 | $0 | 0.00% |
Woodsfield Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 67 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 67 | $9,365,000 | $139,776 | $0 | 0.00% |
Approval Rates
Total approvals of all applications87.04%
Woodsfield Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination65.67%
Woodsfield Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 67 | $9,365,000 | $139,776 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Woodsfield Savings Bank | 201 N Chestnut St Barnesville, OH 43713 | Full Service B&M | $12,320 |
| Woodsfield Savings Bank | 600 Lewisville Road Woodsfield, OH 43793 | Full Service B&M | $57,912 |
For 2021, Woodsfield Savings Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $2,881 |
| Net interest income | $2,618 |
| Total noninterest income | $265 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $67 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $198 |
| Pre-tax net operating income | $503 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $438 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $438 |
| Minority interest net income | $0 |
| Net income | $438 |
| Sale, conversion, retirement of capital stock, net | $382 |
| Net operating income | $438 |
Woodsfield Savings Bank's gross interest income from loans was $2,881,000.
Woodsfield Savings Bank's net interest income from loans was $2,618,000.
Woodsfield Savings Bank's fee based income from loans was $67,000.
Woodsfield Savings Bank's net income from loans was $438,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $263 |
| Provision for credit losses | $92 |
| Total noninterest expense | $2,288 |
| Salaries and employee benefits | $947 |
| Premises and equipment expense | $309 |
| Additional noninterest expense | $1,032 |
| Applicable income taxes | $65 |
| Net charge-offs | $31 |
| Cash dividends | $127 |
Woodsfield Savings Bank's interest expense for loans was $263,000.
Woodsfield Savings Bank's payroll and benefits expense were $947,000.
Woodsfield Savings Bank's property, plant and equipment expenses $309,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 2.0% |
| HELOC loans | 0.0% |
| All other family | 2.0% |
| 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 | 1.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $78,515 |
| Deposits held in domestic offices | $78,515 |
| Deposits by Individuals, partnerships, and corporations | $76,067 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $2,448 |
| 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 | $24,665 |
| Demand deposits | $19,765 |
| Nontransaction accounts | $53,850 |
| Money market deposit accounts (MMDAs) | $0 |
| Other savings deposits (excluding MMDAs) | $36,579 |
| Total time deposits | $17,271 |
| Total time and savings deposits | $58,750 |
| Noninterest-bearing deposits | $19,765 |
| Interest-bearing deposits | $58,750 |
| Retail deposits | $76,979 |
| IRAs and Keogh plan accounts | $1,567 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $86,611 |
| Cash & Balances due from depository institutions | $16,496 |
| Interest-bearing balances | $15,741 |
| Total securities | $13,351 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $54,052 |
| Loan and leases loss allowance | $458 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,067 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $645 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $86,611 |
| Total Liabilities | $78,953 |
| Total deposits | $78,515 |
| Interest-bearing deposits | $58,750 |
| Deposits held in domestic offices | $78,515 |
| % insured (estimated) | $91 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $438 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $54,052 |
| Loan and leases loss allowance | $458 |
| Total loans and leases (domestic) | $54,510 |
| All real estate loans | $43,346 |
| Real estate loans in domestic offices | $43,346 |
| Construction and development loans | $959 |
| Residential 1-4 family construction | $237 |
| Other construction, all land development and other land | $722 |
| Loans secured by nonfarm nonresidential properties | $5,706 |
| Nonfarm nonresidential secured by owner-occupied properties | $2,529 |
| Commercial real estate & other non-farm, non-residential | $3,177 |
| Multifamily residential real estate | $0 |
| 1-4 family residential loans | $36,681 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $42 |
| Commercial and industrial loans | $2,431 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $8,688 |
| Credit card loans | $0 |
| Related Plans | $32 |
| Consumer Auto Loans | $6,753 |
| Other loans to individuals | $1,903 |
| All other loans & leases | $3 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $3 |
| 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 $54,052,000 of loans outstanding in 2021. $43,346,000 of loans were in real estate loans. $959,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $36,681,000 of loans were in 1-4 family mortgage loans. $42,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,753,000 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 | 43 | $5,706 | $132,698 |
| Nonfarm, nonresidential loans - <$100k | 26 | $2,184 | $84,000 |
| Nonfarm, nonresidential loans - $100-250k | 12 | $2,246 | $187,167 |
| Nonfarm, nonresidential loans - $250k-1MM | 5 | $1,276 | $255,200 |
| Commercial & Industrial, US addressed loans - <$1MM | 59 | $2,431 | $41,203 |
| Commercial & Industrial, US addressed loans - <$100k | 50 | $1,100 | $22,000 |
| Commercial & Industrial, US addressed loans - $100-250k | 5 | $287 | $57,400 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 4 | $1,044 | $261,000 |
| Agriculture operations loans - <$1MM | 3 | $42 | $14,000 |
| Agriculture operations loans - <$100k | 3 | $42 | $14,000 |