Community Savings Bank Mortgage Rates, Fees & Info

Bethel, OH

LEI: 2549009O1XK0YQZXEL45

Tax ID: 31-0216000

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
  • Complaints
  • 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

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

    Community 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.

    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

    42

    Origination Dollar Volume (All Markets)

    $10,420,000

    Employee count

    17

    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) 40 $10,070,000 $251,750 $0 0.00%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    Outside of Metro Areas 1 $35,000 $35,000 $0 0.00%
    Community Savings Bank's top markets include Cincinnati and Knoxville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 42 $10,420,000 $248,095 $0 0.00%

    For 2019, Community Savings Bank's most frequently originated type of loan was Conventional, with 42 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17 $3,455,000 $203,235 $0 0.00%
    Refi 11 $2,815,000 $255,909 $0 0.00%
    Cash Out Refi 10 $3,090,000 $309,000 $0 0.00%
    Home Improvement 4 $1,060,000 $265,000 $0 0.00%

    For 2019, Community Savings Bank's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 42 $10,420,000 $248,095 $0 0.00%

    For 2019, Community Savings Bank's most frequently cited loan duration was Other, with 42 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 15 $2,245,000 $149,667 $0 0.00%
    $200k-400k 14 $3,890,000 $277,857 $0 0.00%
    $100,000 or less 7 $385,000 $55,000 $0 0.00%
    $400k-600k 3 $1,535,000 $511,667 $0 0.00%
    $600k-1MM 2 $1,320,000 $660,000 $0 0.00%
    $1MM+ 1 $1,045,000 $1,045,000 $0 0.00%

    2019 saw Community Savings Bank place emphasis on $100k-200k loans with 15 originations, totaling $2,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $1,500,000 $250,000 $0 0.00%
    $50k-75k 6 $780,000 $130,000 $0 0.00%
    $50k or less 6 $520,000 $86,667 $0 0.00%
    $150k-250k 4 $1,380,000 $345,000 $0 0.00%
    $75k-100k 4 $710,000 $177,500 $0 0.00%

    Community Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $50k-75k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 42 $10,420,000 $248,095 $0 0.00%

    Community Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 14 $5,580,000 $398,571 $0 0.00%
    White 27 $4,715,000 $174,630 $0 0.00%
    Black 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.04%

    Community Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.10%

    Community Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 42 $10,420,000 $248,095

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $105,000 $105,000
    Single Family (1-4 Units):Manufactured 3 $275,000 $91,667
    Single Family (1-4 Units):Site-Built 38 $10,040,000 $264,211

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Closing on a mortgage 1 20.0%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 3 60.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community Savings Bank 355 Jefferson Street Greenfield, OH 45123 Full Service B&M $28,702
    Community Savings Bank 503 West Plane Street Bethel, OH 45106 Full Service B&M $39,375

    For 2019, Community Savings Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,683
    Net interest income $2,862
    Total noninterest income $208
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $12
    Trading account gains and fees $0
    Additional Noninterest Income $196
    Pre-tax net operating income $546
    Securities gains (or losses, -) $0
    Income before extraordinary items $503
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $503
    Minority interest net income $0
    Net income $503
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $503

    Community Savings Bank's gross interest income from loans was $3,683,000.
    Community Savings Bank's net interest income from loans was $2,862,000.
    Community Savings Bank's fee based income from loans was $12,000.
    Community Savings Bank's net income from loans was $503,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $821
    Provision for credit losses $0
    Total noninterest expense $2,524
    Salaries and employee benefits $1,438
    Premises and equipment expense $154
    Additional noninterest expense $932
    Applicable income taxes $43
    Net charge-offs $-25
    Cash dividends $0

    Community Savings Bank's interest expense for loans was $821,000.
    Community Savings Bank's payroll and benefits expense were $1,438,000.
    Community Savings Bank's property, plant and equipment expenses $154,000.

    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 $65,821
    Deposits held in domestic offices $65,821
    Deposits by Individuals, partnerships, and corporations $60,815
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,881
    Deposits by Commercial banks and other depository institutions in U.S. $124
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $10,238
    Demand deposits $2,450
    Nontransaction accounts $55,582
    Money market deposit accounts (MMDAs) $8,094
    Other savings deposits (excluding MMDAs) $16,043
    Total time deposits $31,445
    Total time and savings deposits $63,370
    Noninterest-bearing deposits $3,406
    Interest-bearing deposits $62,415
    Retail deposits $62,098
    IRAs and Keogh plan accounts $5,766
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $80,899
    Cash & Balances due from depository institutions $2,630
    Interest-bearing balances $2,317
    Total securities $9,920
    Federal funds sold & reverse repurchase $0
    Net loans and leases $63,577
    Loan and leases loss allowance $255
    Trading account assets $0
    Bank premises and fixed assets $675
    Other real estate owned $0
    Goodwill and other intangibles $129
    All other assets $3,968

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $80,899
    Total Liabilities $67,145
    Total deposits $65,821
    Interest-bearing deposits $62,415
    Deposits held in domestic offices $65,821
    % insured (estimated) $97
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,000
    Subordinated debt $0
    All other liabilities $324

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $63,577
    Loan and leases loss allowance $255
    Total loans and leases (domestic) $63,832
    All real estate loans $55,286
    Real estate loans in domestic offices $55,286
    Construction and development loans $1,698
    Residential 1-4 family construction $559
    Other construction, all land development and other land $1,139
    Loans secured by nonfarm nonresidential properties $8,605
    Nonfarm nonresidential secured by owner-occupied properties $4,252
    Commercial real estate & other non-farm, non-residential $4,353
    Multifamily residential real estate $6,204
    1-4 family residential loans $38,779
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $8,028
    To non-U.S. addressees $0
    Loans to individuals $517
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $517
    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 $63,577,000 of loans outstanding in 2019. $55,286,000 of loans were in real estate loans. $1,698,000 of loans were in development loans. $6,204,000 of loans were in multifamily mortgage loans. $38,779,000 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 36 $6,713 $186,472
    Nonfarm, nonresidential loans - <$100k 14 $522 $37,286
    Nonfarm, nonresidential loans - $100-250k 13 $1,959 $150,692
    Nonfarm, nonresidential loans - $250k-1MM 9 $4,232 $470,222
    Commercial & Industrial, US addressed loans - <$1MM 86 $8,028 $93,349
    Commercial & Industrial, US addressed loans - <$100k 48 $2,523 $52,563
    Commercial & Industrial, US addressed loans - $100-250k 29 $3,260 $112,414
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $2,245 $249,444