The First National Bank Of Mcconnelsville Mortgage Rates, Fees & Info

McConnelsville, OH

LEI: 254900JH5HOQQ4CDPC30

Tax ID: 31-4247738

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Mortgage Data

Bank Data

Review & Overview

The First National Bank Of Mcconnelsville is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The First National Bank Of Mcconnelsville has a high proportion of conventional loans. Their top markets by origination volume include: Athens, Columbus, Zanesville, and Marietta among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

The First National Bank Of Mcconnelsville 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.

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Originations

89

Origination Dollar Volume (All Markets)

$9,115,000

Employee count

49

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 51 $5,215,000 $102,255 $0 0.00%
Athens, OH (FHA|USDA|VA) 22 $2,370,000 $107,727 $0 0.00%
COLUMBUS, OH (FHA|USDA|VA) 10 $750,000 $75,000 $0 0.00%
Zanesville, OH (FHA|USDA|VA) 4 $670,000 $167,500 $0 0.00%
Marietta, OH (FHA|USDA|VA) 2 $110,000 $55,000 $0 0.00%
The First National Bank Of Mcconnelsville's top markets include Athens, Columbus, Zanesville, and Marietta among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 89 $9,115,000 $102,416 $0 0.00%

    For 2019, The First National Bank Of Mcconnelsville's most frequently originated type of loan was Conventional, with 89 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 39 $4,355,000 $111,667 $0 0.00%
    Cash Out Refi 33 $3,325,000 $100,758 $0 0.00%
    Other 11 $1,105,000 $100,455 $0 0.00%
    Home Improvement 5 $255,000 $51,000 $0 0.00%
    Refi 1 $75,000 $75,000 $0 0.00%

    For 2019, The First National Bank Of Mcconnelsville's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Cash Out Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 89 $9,115,000 $102,416 $0 0.00%

    For 2019, The First National Bank Of Mcconnelsville's most frequently cited loan duration was Other, with 89 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $3,575,000 $60,593 $0 0.00%
    $100k-200k 22 $3,380,000 $153,636 $0 0.00%
    $200k-400k 7 $1,755,000 $250,714 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2019 saw The First National Bank Of Mcconnelsville place emphasis on $100,000 or less loans with 59 originations, totaling $3,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 24 $1,610,000 $67,083 $0 0.00%
    $50k-75k 18 $1,440,000 $80,000 $0 0.00%
    $75k-100k 13 $1,645,000 $126,538 $0 0.00%
    $100k-150k 11 $1,545,000 $140,455 $0 0.00%
    $150k-250k 3 $445,000 $148,333 $0 0.00%
    $250k+ 1 $205,000 $205,000 $0 0.00%

    The First National Bank Of Mcconnelsville lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 89 $9,115,000 $102,416 $0 0.00%

    The First National Bank Of Mcconnelsville lent most frequently to those with DTI ratios of Exempt%, with 89 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $7,860,000 $100,769 $0 0.00%
    Not applicable 9 $945,000 $105,000 $0 0.00%
    Black 2 $310,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.98%

    The First National Bank Of Mcconnelsville has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.02%

    The First National Bank Of Mcconnelsville has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 89 $9,115,000 $102,416

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $35,000 $35,000
    Single Family (1-4 Units):Manufactured 17 $1,095,000 $64,412
    Single Family (1-4 Units):Site-Built 71 $7,985,000 $112,465

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The First National Bank of McConnelsville 1012 East State Street Athens, OH 45701 Full Service B&M $6,045
    The First National Bank of McConnelsville 107 West Main Street Junction City, OH 43748 Full Service B&M $12,928
    The First National Bank of McConnelsville 11 Public Square Nelsonville, OH 45764 Full Service B&M $15,088
    The First National Bank of McConnelsville 1820 Broadway Street Stockport, OH 43787 Full Service B&M $17,271
    The First National Bank of McConnelsville 86 North Kennebec Avenue Mcconnelsville, OH 43756 Full Service B&M $65,649
    The First National Bank of McConnelsville Toledo Street Glouster, OH 45732 Full Service B&M $19,261

    For 2019, The First National Bank Of Mcconnelsville had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,695
    Net interest income $4,580
    Total noninterest income $939
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $294
    Trading account gains and fees $0
    Additional Noninterest Income $645
    Pre-tax net operating income $1,207
    Securities gains (or losses, -) $7
    Income before extraordinary items $1,015
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,015
    Minority interest net income $0
    Net income $1,015
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,009

    The First National Bank Of Mcconnelsville's gross interest income from loans was $5,695,000.
    The First National Bank Of Mcconnelsville's net interest income from loans was $4,580,000.
    The First National Bank Of Mcconnelsville's fee based income from loans was $294,000.
    The First National Bank Of Mcconnelsville's net income from loans was $1,015,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,115
    Provision for credit losses $0
    Total noninterest expense $4,312
    Salaries and employee benefits $2,255
    Premises and equipment expense $527
    Additional noninterest expense $1,530
    Applicable income taxes $199
    Net charge-offs $28
    Cash dividends $952

    The First National Bank Of Mcconnelsville's interest expense for loans was $1,115,000.
    The First National Bank Of Mcconnelsville's payroll and benefits expense were $2,255,000.
    The First National Bank Of Mcconnelsville's property, plant and equipment expenses $527,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    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 $132,538
    Deposits held in domestic offices $132,538
    Deposits by Individuals, partnerships, and corporations $103,594
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,944
    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 $66,648
    Demand deposits $27,170
    Nontransaction accounts $65,890
    Money market deposit accounts (MMDAs) $634
    Other savings deposits (excluding MMDAs) $44,058
    Total time deposits $21,197
    Total time and savings deposits $105,368
    Noninterest-bearing deposits $27,756
    Interest-bearing deposits $104,782
    Retail deposits $130,006
    IRAs and Keogh plan accounts $7,424
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $150,742
    Cash & Balances due from depository institutions $24,379
    Interest-bearing balances $20,772
    Total securities $29,285
    Federal funds sold & reverse repurchase $1,093
    Net loans and leases $82,544
    Loan and leases loss allowance $1,034
    Trading account assets $0
    Bank premises and fixed assets $2,947
    Other real estate owned $0
    Goodwill and other intangibles $6,103
    All other assets $4,391

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $150,742
    Total Liabilities $133,734
    Total deposits $132,538
    Interest-bearing deposits $104,782
    Deposits held in domestic offices $132,538
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,196

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $82,544
    Loan and leases loss allowance $1,034
    Total loans and leases (domestic) $83,578
    All real estate loans $74,132
    Real estate loans in domestic offices $74,132
    Construction and development loans $3,419
    Residential 1-4 family construction $0
    Other construction, all land development and other land $3,419
    Loans secured by nonfarm nonresidential properties $15,233
    Nonfarm nonresidential secured by owner-occupied properties $10,360
    Commercial real estate & other non-farm, non-residential $4,873
    Multifamily residential real estate $1,522
    1-4 family residential loans $52,972
    Farmland loans $986
    Loans held in foreign offices $0
    Farm loans $322
    Commercial and industrial loans $1,437
    To non-U.S. addressees $0
    Loans to individuals $6,782
    Credit card loans $0
    Related Plans $21
    Consumer Auto Loans $4,778
    Other loans to individuals $1,983
    All other loans & leases $904
    Loans to foreign governments and official institutions $0
    Other loans $112
    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 $215
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The First National Bank of McConnelsville had $82,544,000 of loans outstanding in 2019. $74,132,000 of loans were in real estate loans. $3,419,000 of loans were in development loans. $1,522,000 of loans were in multifamily mortgage loans. $52,972,000 of loans were in 1-4 family mortgage loans. $322,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,778,000 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 81 $11,224 $138,568
    Nonfarm, nonresidential loans - <$100k 28 $1,238 $44,214
    Nonfarm, nonresidential loans - $100-250k 28 $3,193 $114,036
    Nonfarm, nonresidential loans - $250k-1MM 25 $6,793 $271,720
    Commercial & Industrial, US addressed loans - <$1MM 36 $1,372 $38,111
    Commercial & Industrial, US addressed loans - <$100k 31 $792 $25,548
    Commercial & Industrial, US addressed loans - $100-250k 2 $40 $20,000
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $540 $180,000
    Farmland loans - <$1MM 9 $986 $109,556
    Farmland loans - <$100k 4 $234 $58,500
    Farmland loans - $100-250k 4 $472 $118,000
    Farmland loans - $250k-1MM 1 $280 $280,000
    Agriculture operations loans - <$1MM 5 $322 $64,400
    Agriculture operations loans - <$100k 3 $89 $29,667
    Agriculture operations loans - $100-250k 2 $233 $116,500