Community Savings Bank Mortgage Rates, Fees & Info

Bethel, OH

LEI: 2549009O1XK0YQZXEL45

Tax ID: 31-0216000

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Mortgage Data

Bank Data

Review & Overview

Community Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Community Savings Bank has a high proportion of conventional loans. Their top two markets are Cincinnati and Chillicothe .

Community Savings Bank has an 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

48

Origination Dollar Volume (All Markets)

$11,490,000

Employee count

16

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
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 46 $11,390,000 $247,609 $0 0.00%
Outside of Metro Areas 1 $75,000 $75,000 $0 0.00%
Chillicothe, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Community Savings Bank's top markets include Cincinnati and Chillicothe among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $11,490,000 $239,375 $0 0.00%

    For 2018, Community Savings Bank's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 34 $7,060,000 $207,647 $0 0.00%
    Cash Out Refi 10 $1,390,000 $139,000 $0 0.00%
    Refi 4 $3,040,000 $760,000 $0 0.00%

    For 2018, Community Savings Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 48 $11,490,000 $239,375 $0 0.00%

    For 2018, Community Savings Bank's most frequently cited loan duration was Other, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 16 $2,420,000 $151,250 $0 0.00%
    $100,000 or less 14 $890,000 $63,571 $0 0.00%
    $200k-400k 12 $3,360,000 $280,000 $0 0.00%
    $400k-600k 3 $1,415,000 $471,667 $0 0.00%
    $1MM+ 2 $2,620,000 $1,310,000 $0 0.00%
    $600k-1MM 1 $785,000 $785,000 $0 0.00%

    2018 saw Community Savings Bank place emphasis on $100k-200k loans with 16 originations, totaling $2,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 11 $1,435,000 $130,455 $0 0.00%
    $50k or less 8 $810,000 $101,250 $0 0.00%
    $75k-100k 6 $940,000 $156,667 $0 0.00%
    $150k-250k 4 $820,000 $205,000 $0 0.00%
    $250k+ 3 $2,465,000 $821,667 $0 0.00%
    $100k-150k 2 $390,000 $195,000 $0 0.00%

    Community Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $50k or less, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 48 $11,490,000 $239,375 $0 0.00%

    Community Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 31 $6,515,000 $210,161 $0 0.00%
    Not applicable 14 $4,630,000 $330,714 $0 0.00%
    Asian 2 $230,000 $115,000 $0 0.00%
    Black 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.47%

    Community Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.83%

    Community Savings 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 48 $11,490,000 $239,375

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $3,100,000 $516,667
    Single Family (1-4 Units):Manufactured 1 $365,000 $365,000
    Single Family (1-4 Units):Site-Built 41 $8,025,000 $195,732

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Community Lending of America, Inc. VA mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community Savings Bank 355 Jefferson Street Greenfield, OH 45123 Full Service B&M $27,180
    Community Savings Bank 503 West Plane Street Bethel, OH 45106 Full Service B&M $36,481

    For 2018, Community Savings Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,443
    Net interest income $2,812
    Total noninterest income $192
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $7
    Trading account gains and fees $0
    Additional Noninterest Income $185
    Pre-tax net operating income $578
    Securities gains (or losses, -) $0
    Income before extraordinary items $529
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $529
    Minority interest net income $0
    Net income $529
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $529

    Community Savings Bank's gross interest income from loans was $3,443,000.
    Community Savings Bank's net interest income from loans was $2,812,000.
    Community Savings Bank's fee based income from loans was $7,000.
    Community Savings Bank's net income from loans was $529,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $631
    Provision for credit losses $0
    Total noninterest expense $2,426
    Salaries and employee benefits $1,324
    Premises and equipment expense $148
    Additional noninterest expense $954
    Applicable income taxes $49
    Net charge-offs $-15
    Cash dividends $0

    Community Savings Bank's interest expense for loans was $631,000.
    Community Savings Bank's payroll and benefits expense were $1,324,000.
    Community Savings Bank's property, plant and equipment expenses $148,000.

    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 $64,124
    Deposits held in domestic offices $64,124
    Deposits by Individuals, partnerships, and corporations $58,154
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $5,853
    Deposits by Commercial banks and other depository institutions in U.S. $117
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $7,209
    Demand deposits $1,570
    Nontransaction accounts $56,915
    Money market deposit accounts (MMDAs) $6,619
    Other savings deposits (excluding MMDAs) $17,584
    Total time deposits $32,711
    Total time and savings deposits $62,554
    Noninterest-bearing deposits $2,147
    Interest-bearing deposits $61,977
    Retail deposits $59,406
    IRAs and Keogh plan accounts $5,431
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $78,386
    Cash & Balances due from depository institutions $1,986
    Interest-bearing balances $1,721
    Total securities $11,040
    Federal funds sold & reverse repurchase $0
    Net loans and leases $60,702
    Loan and leases loss allowance $231
    Trading account assets $0
    Bank premises and fixed assets $624
    Other real estate owned $0
    Goodwill and other intangibles $168
    All other assets $3,866

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $78,386
    Total Liabilities $65,412
    Total deposits $64,124
    Interest-bearing deposits $61,977
    Deposits held in domestic offices $64,124
    % insured (estimated) $96
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,000
    Subordinated debt $0
    All other liabilities $288

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $60,702
    Loan and leases loss allowance $231
    Total loans and leases (domestic) $60,933
    All real estate loans $55,111
    Real estate loans in domestic offices $55,111
    Construction and development loans $1,358
    Residential 1-4 family construction $141
    Other construction, all land development and other land $1,217
    Loans secured by nonfarm nonresidential properties $6,993
    Nonfarm nonresidential secured by owner-occupied properties $2,070
    Commercial real estate & other non-farm, non-residential $4,923
    Multifamily residential real estate $9,886
    1-4 family residential loans $36,874
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $5,292
    To non-U.S. addressees $0
    Loans to individuals $530
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $530
    All other loans & leases $0
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Community Savings Bank had $60,702,000 of loans outstanding in 2018. $55,111,000 of loans were in real estate loans. $1,358,000 of loans were in development loans. $9,886,000 of loans were in multifamily mortgage loans. $36,874,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 34 $6,871 $202,088
    Nonfarm, nonresidential loans - <$100k 15 $522 $34,800
    Nonfarm, nonresidential loans - $100-250k 9 $1,265 $140,556
    Nonfarm, nonresidential loans - $250k-1MM 10 $5,084 $508,400
    Commercial & Industrial, US addressed loans - <$1MM 64 $5,292 $82,688
    Commercial & Industrial, US addressed loans - <$100k 38 $1,850 $48,684
    Commercial & Industrial, US addressed loans - $100-250k 21 $2,280 $108,571
    Commercial & Industrial, US addressed loans - $250k-1MM 5 $1,162 $232,400