Spring Valley Bank Mortgage Rates, Fees & Info

Wyoming, OH

LEI: 254900G0ZC4S8EO1W523

Tax ID: 31-1524161

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

    Spring Valley Bank is a smaller bank specializing in Home Purchase loans. Spring Valley Bank has a high proportion of conventional loans. Their top (well, only) market is Cincinnati.

    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

    235

    Origination Dollar Volume (All Markets)

    $32,585,000

    Employee count

    6

    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) 235 $32,585,000 $138,660 $0 0.00%
    Spring Valley Bank's top markets include and Cincinnati among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 235 $32,585,000 $138,660 $0 0.00%

    For 2021, Spring Valley Bank's most frequently originated type of loan was Conventional, with 235 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 176 $21,600,000 $122,727 $0 0.00%
    Cash Out Refi 39 $5,525,000 $141,667 $0 0.00%
    Refi 20 $5,460,000 $273,000 $0 0.00%

    For 2021, Spring Valley Bank's most frequently cited loan purpose was Home Purchase, with 176 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 235 $32,585,000 $138,660 $0 0.00%

    For 2021, Spring Valley Bank's most frequently cited loan duration was Other, with 235 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 104 $13,870,000 $133,365 $0 0.00%
    $100,000 or less 96 $6,890,000 $71,771 $0 0.00%
    $200k-400k 27 $7,325,000 $271,296 $0 0.00%
    $400k-600k 7 $3,375,000 $482,143 $0 0.00%
    $1MM+ 1 $1,125,000 $1,125,000 $0 0.00%

    2021 saw Spring Valley Bank place emphasis on $100k-200k loans with 104 originations, totaling $13,870,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 20 $4,430,000 $221,500 $0 0.00%
    $75k-100k 17 $2,455,000 $144,412 $0 0.00%
    $50k-75k 16 $1,800,000 $112,500 $0 0.00%
    $100k-150k 14 $1,960,000 $140,000 $0 0.00%
    $50k or less 14 $1,380,000 $98,571 $0 0.00%
    $250k+ 9 $2,545,000 $282,778 $0 0.00%

    Spring Valley Bank lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $75k-100k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 235 $32,585,000 $138,660 $0 0.00%

    Spring Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 235 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 145 $18,015,000 $124,241 $0 0.00%
    White 57 $10,065,000 $176,579 $0 0.00%
    Black 17 $1,975,000 $116,176 $0 0.00%
    Asian 5 $1,375,000 $275,000 $0 0.00%
    Not provided 4 $450,000 $112,500 $0 0.00%
    Asian Indian 4 $420,000 $105,000 $0 0.00%
    Chinese 1 $195,000 $195,000 $0 0.00%
    Other Asian 1 $65,000 $65,000 $0 0.00%
    Vietnamese 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.28%

    Spring Valley Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.96%

    Spring Valley Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 235 $32,585,000 $138,660

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    235 $32,585,000 $138,660

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Spring Equity LLC Conventional home mortgage Trouble during payment process 1 20.0%
    Spring Equity LLC Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    Spring Equity LLC Home equity loan or line of credit (HELOC) Closing on a mortgage 1 20.0%
    Spring Equity LLC Home equity loan or line of credit (HELOC) Trouble during payment process 2 40.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Spring Valley Bank 1206 Springfield Pike Wyoming, OH 45215 Full Service B&M $59,704

    For 2021, Spring Valley Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,462
    Net interest income $4,969
    Total noninterest income $273
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $8
    Trading account gains and fees $0
    Additional Noninterest Income $265
    Pre-tax net operating income $3,543
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,543
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,543
    Minority interest net income $0
    Net income $3,543
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,543

    Spring Valley Bank's gross interest income from loans was $5,462,000.
    Spring Valley Bank's net interest income from loans was $4,969,000.
    Spring Valley Bank's fee based income from loans was $8,000.
    Spring Valley Bank's net income from loans was $3,543,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $493
    Provision for credit losses $-41
    Total noninterest expense $1,740
    Salaries and employee benefits $1,394
    Premises and equipment expense $82
    Additional noninterest expense $264
    Applicable income taxes $0
    Net charge-offs $20
    Cash dividends $6,320

    Spring Valley Bank's interest expense for loans was $493,000.
    Spring Valley Bank's payroll and benefits expense were $1,394,000.
    Spring Valley Bank's property, plant and equipment expenses $82,000.

    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 $54,828
    Deposits held in domestic offices $54,828
    Deposits by Individuals, partnerships, and corporations $43,917
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $99
    Deposits by Commercial banks and other depository institutions in U.S. $10,812
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $13,675
    Demand deposits $10,653
    Nontransaction accounts $41,153
    Money market deposit accounts (MMDAs) $16,714
    Other savings deposits (excluding MMDAs) $3,916
    Total time deposits $20,523
    Total time and savings deposits $44,175
    Noninterest-bearing deposits $10,653
    Interest-bearing deposits $44,175
    Retail deposits $54,299
    IRAs and Keogh plan accounts $940
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $86,127
    Cash & Balances due from depository institutions $19,063
    Interest-bearing balances $15,500
    Total securities $56
    Federal funds sold & reverse repurchase $0
    Net loans and leases $66,366
    Loan and leases loss allowance $380
    Trading account assets $0
    Bank premises and fixed assets $78
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $564

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $86,127
    Total Liabilities $54,895
    Total deposits $54,828
    Interest-bearing deposits $44,175
    Deposits held in domestic offices $54,828
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $67

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $66,366
    Loan and leases loss allowance $380
    Total loans and leases (domestic) $66,746
    All real estate loans $66,440
    Real estate loans in domestic offices $66,440
    Construction and development loans $4,156
    Residential 1-4 family construction $4,156
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $25,595
    Nonfarm nonresidential secured by owner-occupied properties $14,284
    Commercial real estate & other non-farm, non-residential $11,311
    Multifamily residential real estate $2,472
    1-4 family residential loans $34,217
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $282
    To non-U.S. addressees $0
    Loans to individuals $24
    Credit card loans $0
    Related Plans $24
    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 $90
    Non 1-4 family restructured loans & leases $90
    Total loans and leases (foreign) $0

    Spring Valley Bank had $66,366,000 of loans outstanding in 2021. $66,440,000 of loans were in real estate loans. $4,156,000 of loans were in development loans. $2,472,000 of loans were in multifamily mortgage loans. $34,217,000 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 95 $20,222 $212,863
    Nonfarm, nonresidential loans - <$100k 31 $1,842 $59,419
    Nonfarm, nonresidential loans - $100-250k 35 $6,017 $171,914
    Nonfarm, nonresidential loans - $250k-1MM 29 $12,363 $426,310
    Commercial & Industrial, US addressed loans - <$1MM 2 $182 $91,000
    Commercial & Industrial, US addressed loans - <$100k 1 $90 $90,000
    Commercial & Industrial, US addressed loans - $100-250k 1 $92 $92,000