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 Cash Out Refi and Refi loans. Community Savings Bank has a high proportion of conventional loans. Their top (well, only) market is Cincinnati.

    Community Savings 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

    79

    Origination Dollar Volume (All Markets)

    $22,715,000

    Employee count

    18

    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) 77 $22,555,000 $292,922 $0 0.00%
    Outside of Metro Areas 2 $160,000 $80,000 $0 0.00%
    Community Savings Bank's top markets include and Cincinnati among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 79 $22,715,000 $287,532 $0 0.00%

    For 2021, Community Savings Bank's most frequently originated type of loan was Conventional, with 79 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 35 $10,735,000 $306,714 $0 0.00%
    Refi 29 $7,805,000 $269,138 $0 0.00%
    Home Purchase 15 $4,175,000 $278,333 $0 0.00%

    For 2021, Community Savings Bank's most frequently cited loan purpose was Cash Out Refi, with 35 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 79 $22,715,000 $287,532 $0 0.00%

    For 2021, Community Savings Bank's most frequently cited loan duration was Other, with 79 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 31 $9,385,000 $302,742 $0 0.00%
    $100k-200k 27 $3,845,000 $142,407 $0 0.00%
    $400k-600k 11 $5,405,000 $491,364 $0 0.00%
    $100,000 or less 7 $545,000 $77,857 $0 0.00%
    $600k-1MM 2 $1,430,000 $715,000 $0 0.00%
    $1MM+ 1 $2,105,000 $2,105,000 $0 0.00%

    2021 saw Community Savings Bank place emphasis on $200k-400k loans with 31 originations, totaling $9,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $3,655,000 $243,667 $0 0.00%
    $75k-100k 12 $3,140,000 $261,667 $0 0.00%
    $250k+ 11 $5,895,000 $535,909 $0 0.00%
    $150k-250k 10 $3,230,000 $323,000 $0 0.00%
    $50k-75k 10 $1,500,000 $150,000 $0 0.00%
    $50k or less 5 $415,000 $83,000 $0 0.00%

    Community Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $75k-100k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 79 $22,715,000 $287,532 $0 0.00%

    Community Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 61 $17,395,000 $285,164 $0 0.00%
    Not applicable 15 $4,635,000 $309,000 $0 0.00%
    Asian 2 $410,000 $205,000 $0 0.00%
    Black 1 $275,000 $275,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.12%

    Community Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.73%

    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 79 $22,715,000 $287,532

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    79 $22,715,000 $287,532

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community Savings Bank 355 Jefferson Street Greenfield, OH 45123 Full Service B&M $27,921
    Community Savings Bank 503 West Plane Street Bethel, OH 45106 Full Service B&M $43,180

    For 2021, Community Savings Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,478
    Net interest income $3,098
    Total noninterest income $473
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $22
    Trading account gains and fees $0
    Additional Noninterest Income $451
    Pre-tax net operating income $732
    Securities gains (or losses, -) $0
    Income before extraordinary items $640
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $640
    Minority interest net income $0
    Net income $640
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $640

    Community Savings Bank's gross interest income from loans was $3,478,000.
    Community Savings Bank's net interest income from loans was $3,098,000.
    Community Savings Bank's fee based income from loans was $22,000.
    Community Savings Bank's net income from loans was $640,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $380
    Provision for credit losses $0
    Total noninterest expense $2,839
    Salaries and employee benefits $1,729
    Premises and equipment expense $130
    Additional noninterest expense $980
    Applicable income taxes $92
    Net charge-offs $-13
    Cash dividends $0

    Community Savings Bank's interest expense for loans was $380,000.
    Community Savings Bank's payroll and benefits expense were $1,729,000.
    Community Savings Bank's property, plant and equipment expenses $130,000.

    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 $72,576
    Deposits held in domestic offices $72,576
    Deposits by Individuals, partnerships, and corporations $68,038
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,374
    Deposits by Commercial banks and other depository institutions in U.S. $164
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $14,429
    Demand deposits $4,062
    Nontransaction accounts $58,147
    Money market deposit accounts (MMDAs) $10,140
    Other savings deposits (excluding MMDAs) $18,535
    Total time deposits $29,472
    Total time and savings deposits $68,514
    Noninterest-bearing deposits $4,754
    Interest-bearing deposits $67,822
    Retail deposits $69,347
    IRAs and Keogh plan accounts $5,130
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $88,645
    Cash & Balances due from depository institutions $6,462
    Interest-bearing balances $6,205
    Total securities $7,080
    Federal funds sold & reverse repurchase $0
    Net loans and leases $70,206
    Loan and leases loss allowance $321
    Trading account assets $0
    Bank premises and fixed assets $604
    Other real estate owned $0
    Goodwill and other intangibles $178
    All other assets $4,115

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $88,645
    Total Liabilities $73,550
    Total deposits $72,576
    Interest-bearing deposits $67,822
    Deposits held in domestic offices $72,576
    % insured (estimated) $97
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $500
    Subordinated debt $0
    All other liabilities $474

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $70,206
    Loan and leases loss allowance $321
    Total loans and leases (domestic) $70,527
    All real estate loans $60,052
    Real estate loans in domestic offices $60,052
    Construction and development loans $902
    Residential 1-4 family construction $0
    Other construction, all land development and other land $902
    Loans secured by nonfarm nonresidential properties $7,228
    Nonfarm nonresidential secured by owner-occupied properties $3,501
    Commercial real estate & other non-farm, non-residential $3,727
    Multifamily residential real estate $8,490
    1-4 family residential loans $43,432
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $10,066
    To non-U.S. addressees $0
    Loans to individuals $409
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $409
    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 $70,206,000 of loans outstanding in 2021. $60,052,000 of loans were in real estate loans. $902,000 of loans were in development loans. $8,490,000 of loans were in multifamily mortgage loans. $43,432,000 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 31 $4,671 $150,677
    Nonfarm, nonresidential loans - <$100k 13 $493 $37,923
    Nonfarm, nonresidential loans - $100-250k 10 $1,396 $139,600
    Nonfarm, nonresidential loans - $250k-1MM 8 $2,782 $347,750
    Commercial & Industrial, US addressed loans - <$1MM 81 $10,066 $124,272
    Commercial & Industrial, US addressed loans - <$100k 39 $1,836 $47,077
    Commercial & Industrial, US addressed loans - $100-250k 28 $3,093 $110,464
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $5,137 $366,929