The Conway National Bank Mortgage Rates, Fees & Info

Conway, SC

LEI: 2549008EFPQHWHJ5MO60

Tax ID: 57-0146256

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

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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

    The Conway National Bank is a smaller bank specializing in Refi and Home Purchase loans. The Conway National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Myrtle Beach, Georgetown, Charleston, Winston, and Greenville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Conway National 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

    424

    Origination Dollar Volume (All Markets)

    $78,720,000

    Employee count

    245

    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
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 387 $68,575,000 $177,196 $0 0.00%
    Georgetown, SC (FHA|USDA|VA) 22 $7,350,000 $334,091 $0 0.00%
    Outside of Metro Areas 9 $1,235,000 $137,222 $0 0.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $1,045,000 $348,333 $0 0.00%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Seneca, SC (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    The Conway National Bank's top markets include Myrtle Beach, Georgetown, Charleston, Winston, and Greenville among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 424 $78,720,000 $185,660 $0 0.00%

    For 2021, The Conway National Bank's most frequently originated type of loan was Conventional, with 424 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 265 $50,465,000 $190,434 $0 0.00%
    Home Purchase 133 $25,565,000 $192,218 $0 0.00%
    Home Improvement 14 $1,460,000 $104,286 $0 0.00%
    Other 12 $1,230,000 $102,500 $0 0.00%

    For 2021, The Conway National Bank's most frequently cited loan purpose was Refi, with 265 originations. The 2nd most popular reason was Home Purchase, with 133 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 424 $78,720,000 $185,660 $0 0.00%

    For 2021, The Conway National Bank's most frequently cited loan duration was Other, with 424 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 166 $9,360,000 $56,386 $0 0.00%
    $100k-200k 141 $19,525,000 $138,475 $0 0.00%
    $200k-400k 84 $23,420,000 $278,810 $0 0.00%
    $400k-600k 17 $8,555,000 $503,235 $0 0.00%
    $600k-1MM 12 $8,940,000 $745,000 $0 0.00%
    $1MM+ 4 $8,920,000 $2,230,000 $0 0.00%

    2021 saw The Conway National Bank place emphasis on $100,000 or less loans with 166 originations, totaling $9,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 69 $5,865,000 $85,000 $0 0.00%
    $100k-150k 68 $9,980,000 $146,765 $0 0.00%
    $50k-75k 63 $7,945,000 $126,111 $0 0.00%
    $75k-100k 55 $7,285,000 $132,455 $0 0.00%
    $150k-250k 43 $7,115,000 $165,465 $0 0.00%
    $250k+ 40 $16,990,000 $424,750 $0 0.00%

    The Conway National Bank lent most frequently to those with incomes in the $50k or less range, with 69 originations. The second most popular income band? $100k-150k, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 424 $78,720,000 $185,660 $0 0.00%

    The Conway National Bank lent most frequently to those with DTI ratios of Exempt%, with 424 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 286 $47,320,000 $165,455 $0 0.00%
    Not applicable 78 $21,850,000 $280,128 $0 0.00%
    Not provided 38 $7,380,000 $194,211 $0 0.00%
    Black 14 $1,110,000 $79,286 $0 0.00%
    Asian 8 $1,060,000 $132,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.37%

    The Conway National 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
    99.76%

    The Conway National Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 424 $78,720,000 $185,660

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    424 $78,720,000 $185,660

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Conway National Bank 10608 Ocean Highway Pawleys Island, SC 29585 Full Service B&M $25,048
    The Conway National Bank 110 Highway 17 North North Myrtle Beach, SC 29582 Full Service B&M $29,866
    The Conway National Bank 1352 21st Avenue North Myrtle Beach, SC 29577 Full Service B&M $168,608
    The Conway National Bank 1400 Third Avenue Conway, SC 29526 Full Service B&M $0
    The Conway National Bank 1411 Fourth Avenue Conway, SC 29526 Full Service B&M $395,524
    The Conway National Bank 2380 Highway 9 East Conway, SC 29526 Full Service B&M $52,187
    The Conway National Bank 2601 Main Street Conway, SC 29526 Full Service B&M $60,161
    The Conway National Bank 2605 Highway 501 Aynor, SC 29511 Full Service B&M $54,456
    The Conway National Bank 2810 Church Street Conway, SC 29526 Full Service B&M $49,547
    The Conway National Bank 309 Main Street Conway, SC 29526 Full Service B&M $14,618
    The Conway National Bank 3591 Northgate Drive Myrtle Beach, SC 29588 Full Service B&M $62,344
    The Conway National Bank 4100 River Oaks Drive Myrtle Beach, SC 29579 Full Service B&M $14,892
    The Conway National Bank 4345 Highway 17 Bypass Murrells Inlet, SC 29576 Full Service B&M $98,095
    The Conway National Bank Fifth Avenue And Highway 17 Surfside Beach, SC 29577 Full Service B&M $218,814
    The Conway National Bank Highway 17 And Chestnut Road North Myrtle Beach, SC 29582 Full Service B&M $83,375
    The Conway National Bank U.S. 501 And State Highway 544 Horry County, SC 29526 Full Service B&M $78,108

    For 2021, The Conway National Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $40,140
    Net interest income $38,191
    Total noninterest income $9,244
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,074
    Trading account gains and fees $0
    Additional Noninterest Income $7,170
    Pre-tax net operating income $20,496
    Securities gains (or losses, -) $12
    Income before extraordinary items $15,863
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $15,863
    Minority interest net income $0
    Net income $15,863
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $15,853

    The Conway National Bank's gross interest income from loans was $40,140,000.
    The Conway National Bank's net interest income from loans was $38,191,000.
    The Conway National Bank's fee based income from loans was $2,074,000.
    The Conway National Bank's net income from loans was $15,863,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,949
    Provision for credit losses $-339
    Total noninterest expense $27,278
    Salaries and employee benefits $17,224
    Premises and equipment expense $3,621
    Additional noninterest expense $6,433
    Applicable income taxes $4,645
    Net charge-offs $-311
    Cash dividends $1,645

    The Conway National Bank's interest expense for loans was $1,949,000.
    The Conway National Bank's payroll and benefits expense were $17,224,000.
    The Conway National Bank's property, plant and equipment expenses $3,621,000.

    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 0.8%
    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 $1,518,932
    Deposits held in domestic offices $1,518,932
    Deposits by Individuals, partnerships, and corporations $1,462,614
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $56,318
    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 $246,697
    Demand deposits $189,203
    Nontransaction accounts $1,272,235
    Money market deposit accounts (MMDAs) $748,044
    Other savings deposits (excluding MMDAs) $273,572
    Total time deposits $250,619
    Total time and savings deposits $1,329,729
    Noninterest-bearing deposits $474,367
    Interest-bearing deposits $1,044,565
    Retail deposits $1,453,052
    IRAs and Keogh plan accounts $47,835
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,809,474
    Cash & Balances due from depository institutions $105,936
    Interest-bearing balances $59,370
    Total securities $1,062,374
    Federal funds sold & reverse repurchase $20,000
    Net loans and leases $578,842
    Loan and leases loss allowance $7,239
    Trading account assets $0
    Bank premises and fixed assets $17,103
    Other real estate owned $9
    Goodwill and other intangibles $0
    All other assets $25,210

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,809,474
    Total Liabilities $1,670,555
    Total deposits $1,518,932
    Interest-bearing deposits $1,044,565
    Deposits held in domestic offices $1,518,932
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $144,317
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $7,306

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $578,842
    Loan and leases loss allowance $7,239
    Total loans and leases (domestic) $586,081
    All real estate loans $463,302
    Real estate loans in domestic offices $463,302
    Construction and development loans $95,256
    Residential 1-4 family construction $34,619
    Other construction, all land development and other land $60,637
    Loans secured by nonfarm nonresidential properties $171,863
    Nonfarm nonresidential secured by owner-occupied properties $97,365
    Commercial real estate & other non-farm, non-residential $74,498
    Multifamily residential real estate $6,497
    1-4 family residential loans $175,472
    Farmland loans $14,214
    Loans held in foreign offices $0
    Farm loans $857
    Commercial and industrial loans $73,170
    To non-U.S. addressees $0
    Loans to individuals $45,870
    Credit card loans $2,611
    Related Plans $931
    Consumer Auto Loans $18,305
    Other loans to individuals $24,023
    All other loans & leases $2,882
    Loans to foreign governments and official institutions $0
    Other loans $257
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $15
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $44
    Non 1-4 family restructured loans & leases $44
    Total loans and leases (foreign) $0

    The Conway National Bank had $578,842,000 of loans outstanding in 2021. $463,302,000 of loans were in real estate loans. $95,256,000 of loans were in development loans. $6,497,000 of loans were in multifamily mortgage loans. $175,472,000 of loans were in 1-4 family mortgage loans. $857,000 of loans were in farm loans. $2,611,000 of loans were in credit card loans. $18,305,000 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 384 $98,117 $255,513
    Nonfarm, nonresidential loans - <$100k 49 $2,007 $40,959
    Nonfarm, nonresidential loans - $100-250k 125 $16,041 $128,328
    Nonfarm, nonresidential loans - $250k-1MM 210 $80,069 $381,281
    Commercial & Industrial, US addressed loans - <$1MM 1,132 $60,268 $53,240
    Commercial & Industrial, US addressed loans - <$100k 867 $18,559 $21,406
    Commercial & Industrial, US addressed loans - $100-250k 170 $17,729 $104,288
    Commercial & Industrial, US addressed loans - $250k-1MM 95 $23,980 $252,421
    Farmland loans - <$1MM 95 $8,781 $92,432
    Farmland loans - <$100k 41 $1,890 $46,098
    Farmland loans - $100-250k 43 $4,498 $104,605
    Farmland loans - $250k-1MM 11 $2,393 $217,545
    Agriculture operations loans - <$1MM 19 $857 $45,105
    Agriculture operations loans - <$100k 14 $312 $22,286
    Agriculture operations loans - $100-250k 5 $545 $109,000