Spring Valley Bank Mortgage Rates, Fees & Info

Wyoming, OH

LEI: 254900G0ZC4S8EO1W523

Tax ID: 31-1524161

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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

    Spring Valley Bank is a smaller bank specializing in Home Purchase loans. Spring Valley Bank has a high proportion of conventional loans. Their top two markets are Cincinnati and Dayton .

    Spring Valley 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

    260

    Origination Dollar Volume (All Markets)

    $25,870,000

    Employee count

    9

    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) 256 $25,340,000 $98,984 $0 0.00%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $530,000 $132,500 $0 0.00%
    Spring Valley Bank's top markets include Cincinnati and Dayton 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 260 $25,870,000 $99,500 $0 0.00%

    For 2019, Spring Valley Bank's most frequently originated type of loan was Conventional, with 260 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 214 $20,210,000 $94,439 $0 0.00%
    Cash Out Refi 27 $2,355,000 $87,222 $0 0.00%
    Refi 19 $3,305,000 $173,947 $0 0.00%

    For 2019, Spring Valley Bank's most frequently cited loan purpose was Home Purchase, with 214 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 260 $25,870,000 $99,500 $0 0.00%

    For 2019, Spring Valley Bank's most frequently cited loan duration was Other, with 260 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 179 $11,295,000 $63,101 $0 0.00%
    $100k-200k 60 $8,020,000 $133,667 $0 0.00%
    $200k-400k 17 $4,295,000 $252,647 $0 0.00%
    $400k-600k 3 $1,455,000 $485,000 $0 0.00%
    $600k-1MM 1 $805,000 $805,000 $0 0.00%

    2019 saw Spring Valley Bank place emphasis on $100,000 or less loans with 179 originations, totaling $11,295,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 196 $17,910,000 $91,378 $0 0.00%
    White 51 $6,905,000 $135,392 $0 0.00%
    Black 9 $715,000 $79,444 $0 0.00%
    Not provided 4 $340,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.80%

    Spring Valley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.92%

    Spring Valley Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 260 $25,870,000 $99,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $595,000 $595,000
    Single Family (1-4 Units):Site-Built 259 $25,275,000 $97,587

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Spring Equity LLC Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Spring Valley Bank 1206 Springfield Pike Wyoming, OH 45215 Full Service B&M $46,646

    For 2019, Spring Valley Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,864
    Net interest income $5,059
    Total noninterest income $100
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $12
    Trading account gains and fees $0
    Additional Noninterest Income $88
    Pre-tax net operating income $3,763
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,763
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,763
    Minority interest net income $0
    Net income $3,763
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,763

    Spring Valley Bank's gross interest income from loans was $5,864,000.
    Spring Valley Bank's net interest income from loans was $5,059,000.
    Spring Valley Bank's fee based income from loans was $12,000.
    Spring Valley Bank's net income from loans was $3,763,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $805
    Provision for credit losses $109
    Total noninterest expense $1,287
    Salaries and employee benefits $992
    Premises and equipment expense $81
    Additional noninterest expense $214
    Applicable income taxes $0
    Net charge-offs $38
    Cash dividends $2,275

    Spring Valley Bank's interest expense for loans was $805,000.
    Spring Valley Bank's payroll and benefits expense were $992,000.
    Spring Valley Bank's property, plant and equipment expenses $81,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $48,814
    Deposits held in domestic offices $48,814
    Deposits by Individuals, partnerships, and corporations $32,886
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $344
    Deposits by Commercial banks and other depository institutions in U.S. $15,584
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $8,264
    Demand deposits $5,627
    Nontransaction accounts $40,550
    Money market deposit accounts (MMDAs) $10,390
    Other savings deposits (excluding MMDAs) $2,286
    Total time deposits $27,874
    Total time and savings deposits $43,187
    Noninterest-bearing deposits $5,875
    Interest-bearing deposits $42,939
    Retail deposits $46,422
    IRAs and Keogh plan accounts $744
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $82,040
    Cash & Balances due from depository institutions $6,236
    Interest-bearing balances $4,850
    Total securities $56
    Federal funds sold & reverse repurchase $0
    Net loans and leases $74,496
    Loan and leases loss allowance $442
    Trading account assets $0
    Bank premises and fixed assets $89
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,163

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $82,040
    Total Liabilities $48,898
    Total deposits $48,814
    Interest-bearing deposits $42,939
    Deposits held in domestic offices $48,814
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $84

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $74,496
    Loan and leases loss allowance $442
    Total loans and leases (domestic) $74,938
    All real estate loans $74,662
    Real estate loans in domestic offices $74,662
    Construction and development loans $2,765
    Residential 1-4 family construction $2,765
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $29,534
    Nonfarm nonresidential secured by owner-occupied properties $20,656
    Commercial real estate & other non-farm, non-residential $8,878
    Multifamily residential real estate $5,433
    1-4 family residential loans $36,930
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $231
    To non-U.S. addressees $0
    Loans to individuals $45
    Credit card loans $0
    Related Plans $45
    Consumer Auto Loans $0
    Other loans to individuals $0
    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 $225
    Non 1-4 family restructured loans & leases $225
    Total loans and leases (foreign) $0

    Spring Valley Bank had $74,496,000 of loans outstanding in 2019. $74,662,000 of loans were in real estate loans. $2,765,000 of loans were in development loans. $5,433,000 of loans were in multifamily mortgage loans. $36,930,000 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 93 $21,565 $231,882
    Nonfarm, nonresidential loans - <$100k 28 $1,455 $51,964
    Nonfarm, nonresidential loans - $100-250k 29 $5,077 $175,069
    Nonfarm, nonresidential loans - $250k-1MM 36 $15,033 $417,583
    Commercial & Industrial, US addressed loans - <$1MM 3 $230 $76,667
    Commercial & Industrial, US addressed loans - <$100k 1 $5 $5,000
    Commercial & Industrial, US addressed loans - $100-250k 2 $225 $112,500