Capon Valley Bank Mortgage Rates, Fees & Info

Wardensville, WV

LEI: 254900JEEAUO1ZDBXW22

Tax ID: 55-0136805

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Mortgage Data

Bank Data

Review & Overview

Capon Valley Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Capon Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Winchester, Washington, Hagerstown, Fairmont, and Harrisonburg among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Capon Valley 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.

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Originations

140

Origination Dollar Volume (All Markets)

$22,070,000

Employee count

48

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
Outside of Metro Areas 75 $9,265,000 $123,533 $0 0.00%
WINCHESTER, VA-WV (FHA|USDA|VA) 40 $7,240,000 $181,000 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 10 $2,940,000 $294,000 $0 0.00%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 12 $2,350,000 $195,833 $0 0.00%
Fairmont, WV (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
HARRISONBURG, VA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
Capon Valley Bank's top markets include Winchester, Washington, Hagerstown, Fairmont, and Harrisonburg among others.

Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 140 $22,070,000 $157,643 $0 0.00%

    For 2021, Capon Valley Bank's most frequently originated type of loan was Conventional, with 140 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 74 $12,660,000 $171,081 $0 0.00%
    Cash Out Refi 49 $6,705,000 $136,837 $0 0.00%
    Refi 14 $2,360,000 $168,571 $0 0.00%
    Home Improvement 2 $310,000 $155,000 $0 0.00%
    Other 1 $35,000 $35,000 $0 0.00%

    For 2021, Capon Valley Bank's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Cash Out Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 140 $22,070,000 $157,643 $0 0.00%

    For 2021, Capon Valley Bank's most frequently cited loan duration was Other, with 140 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 51 $7,145,000 $140,098 $0 0.00%
    $100,000 or less 50 $2,800,000 $56,000 $0 0.00%
    $200k-400k 33 $9,005,000 $272,879 $0 0.00%
    $400k-600k 5 $2,465,000 $493,000 $0 0.00%
    $600k-1MM 1 $655,000 $655,000 $0 0.00%

    2021 saw Capon Valley Bank place emphasis on $100k-200k loans with 51 originations, totaling $7,145,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 44 $4,270,000 $97,045 $0 0.00%
    $50k-75k 37 $5,005,000 $135,270 $0 0.00%
    $100k-150k 26 $5,970,000 $229,615 $0 0.00%
    $75k-100k 22 $3,600,000 $163,636 $0 0.00%
    $150k-250k 10 $2,570,000 $257,000 $0 0.00%
    $250k+ 1 $655,000 $655,000 $0 0.00%

    Capon Valley Bank lent most frequently to those with incomes in the $50k or less range, with 44 originations. The second most popular income band? $50k-75k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 140 $22,070,000 $157,643 $0 0.00%

    Capon Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 140 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 137 $21,535,000 $157,190 $0 0.00%
    Asian 1 $365,000 $365,000 $0 0.00%
    Black 2 $170,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.96%

    Capon Valley Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    97.14%

    Capon Valley 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 140 $22,070,000 $157,643

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    140 $22,070,000 $157,643

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Capon Valley Bank 17558 Old Route 55 Baker, WV 26801 Full Service B&M $22,015
    Capon Valley Bank 2 W. Main Street Wardensville, WV 26851 Full Service B&M $79,953
    Capon Valley Bank 5511 South Main Street Stephens City, VA 22655 Full Service B&M $10,586
    Capon Valley Bank 6701 Northwestern Pike Gore, VA 22637 Full Service B&M $18,744
    Capon Valley Bank 717 North Main Street Moorefield, WV 26836 Full Service B&M $40,281

    For 2021, Capon Valley Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,305
    Net interest income $7,463
    Total noninterest income $1,218
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $396
    Trading account gains and fees $0
    Additional Noninterest Income $822
    Pre-tax net operating income $2,473
    Securities gains (or losses, -) $-42
    Income before extraordinary items $1,933
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,933
    Minority interest net income $0
    Net income $1,933
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,966

    Capon Valley Bank's gross interest income from loans was $8,305,000.
    Capon Valley Bank's net interest income from loans was $7,463,000.
    Capon Valley Bank's fee based income from loans was $396,000.
    Capon Valley Bank's net income from loans was $1,933,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $842
    Provision for credit losses $15
    Total noninterest expense $6,193
    Salaries and employee benefits $3,079
    Premises and equipment expense $949
    Additional noninterest expense $2,165
    Applicable income taxes $498
    Net charge-offs $121
    Cash dividends $605

    Capon Valley Bank's interest expense for loans was $842,000.
    Capon Valley Bank's payroll and benefits expense were $3,079,000.
    Capon Valley Bank's property, plant and equipment expenses $949,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $175,027
    Deposits held in domestic offices $175,027
    Deposits by Individuals, partnerships, and corporations $165,562
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,465
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $64,970
    Demand deposits $49,327
    Nontransaction accounts $110,057
    Money market deposit accounts (MMDAs) $20,385
    Other savings deposits (excluding MMDAs) $29,531
    Total time deposits $60,143
    Total time and savings deposits $125,700
    Noninterest-bearing deposits $50,484
    Interest-bearing deposits $124,543
    Retail deposits $170,482
    IRAs and Keogh plan accounts $13,528
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $199,398
    Cash & Balances due from depository institutions $17,929
    Interest-bearing balances $15,554
    Total securities $44,123
    Federal funds sold & reverse repurchase $0
    Net loans and leases $125,818
    Loan and leases loss allowance $1,601
    Trading account assets $0
    Bank premises and fixed assets $4,303
    Other real estate owned $144
    Goodwill and other intangibles $0
    All other assets $7,081

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $199,398
    Total Liabilities $180,076
    Total deposits $175,027
    Interest-bearing deposits $124,543
    Deposits held in domestic offices $175,027
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,003
    Subordinated debt $0
    All other liabilities $2,046

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $125,818
    Loan and leases loss allowance $1,601
    Total loans and leases (domestic) $127,419
    All real estate loans $106,795
    Real estate loans in domestic offices $106,795
    Construction and development loans $12,102
    Residential 1-4 family construction $3,174
    Other construction, all land development and other land $8,928
    Loans secured by nonfarm nonresidential properties $17,939
    Nonfarm nonresidential secured by owner-occupied properties $9,736
    Commercial real estate & other non-farm, non-residential $8,203
    Multifamily residential real estate $0
    1-4 family residential loans $64,811
    Farmland loans $11,943
    Loans held in foreign offices $0
    Farm loans $696
    Commercial and industrial loans $4,212
    To non-U.S. addressees $0
    Loans to individuals $14,186
    Credit card loans $0
    Related Plans $267
    Consumer Auto Loans $3,705
    Other loans to individuals $10,214
    All other loans & leases $1,530
    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 $2,265
    Non 1-4 family restructured loans & leases $1,191
    Total loans and leases (foreign) $0

    Capon Valley Bank had $125,818,000 of loans outstanding in 2021. $106,795,000 of loans were in real estate loans. $12,102,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $64,811,000 of loans were in 1-4 family mortgage loans. $696,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,705,000 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 71 $8,877 $125,028
    Nonfarm, nonresidential loans - <$100k 27 $1,125 $41,667
    Nonfarm, nonresidential loans - $100-250k 26 $2,715 $104,423
    Nonfarm, nonresidential loans - $250k-1MM 18 $5,037 $279,833
    Commercial & Industrial, US addressed loans - <$1MM 75 $4,211 $56,147
    Commercial & Industrial, US addressed loans - <$100k 62 $1,216 $19,613
    Commercial & Industrial, US addressed loans - $100-250k 9 $623 $69,222
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $2,372 $593,000
    Farmland loans - <$1MM 29 $4,437 $153,000
    Farmland loans - <$100k 5 $125 $25,000
    Farmland loans - $100-250k 9 $865 $96,111
    Farmland loans - $250k-1MM 15 $3,447 $229,800
    Agriculture operations loans - <$1MM 12 $696 $58,000
    Agriculture operations loans - <$100k 9 $170 $18,889
    Agriculture operations loans - $100-250k 3 $526 $175,333