Putnam County Bank Mortgage Rates, Fees & Info

Hurricane, WV

LEI: 254900SRX8H2BWRMDQ91

Tax ID: 55-0662270

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

    Putnam County Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Putnam County Bank has a high proportion of conventional loans. Their top markets by origination volume include: Huntington, Charleston, Point Pleasant, Port St. Lucie, and Myrtle Beach among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Putnam County Bank has an above 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

    194

    Origination Dollar Volume (All Markets)

    $48,860,000

    Employee count

    70

    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
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 141 $36,455,000 $258,546 $0 0.00%
    CHARLESTON, WV (FHA|USDA|VA) 36 $8,450,000 $234,722 $0 0.00%
    Point Pleasant, WV-OH (FHA|USDA|VA) 7 $1,425,000 $203,571 $0 0.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $695,000 $695,000 $0 0.00%
    Outside of Metro Areas 3 $495,000 $165,000 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    BECKLEY, WV (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Putnam County Bank's top markets include Huntington, Charleston, Point Pleasant, Port St. Lucie, and Myrtle Beach among others.

    Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 194 $48,860,000 $251,856 $0 0.00%

    For 2021, Putnam County Bank's most frequently originated type of loan was Conventional, with 194 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 103 $30,595,000 $297,039 $0 0.00%
    Cash Out Refi 82 $17,260,000 $210,488 $0 0.00%
    Home Improvement 5 $565,000 $113,000 $0 0.00%
    Other 2 $210,000 $105,000 $0 0.00%
    Refi 2 $230,000 $115,000 $0 0.00%

    For 2021, Putnam County Bank's most frequently cited loan purpose was Home Purchase, with 103 originations. The 2nd most popular reason was Cash Out Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 194 $48,860,000 $251,856 $0 0.00%

    For 2021, Putnam County Bank's most frequently cited loan duration was Other, with 194 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 63 $9,255,000 $146,905 $0 0.00%
    $200k-400k 60 $16,480,000 $274,667 $0 0.00%
    $100,000 or less 47 $3,105,000 $66,064 $0 0.00%
    $400k-600k 11 $5,175,000 $470,455 $0 0.00%
    $600k-1MM 7 $4,535,000 $647,857 $0 0.00%
    $1MM+ 6 $10,310,000 $1,718,333 $0 0.00%

    2021 saw Putnam County Bank place emphasis on $100k-200k loans with 63 originations, totaling $9,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 35 $5,495,000 $157,000 $0 0.00%
    $100k-150k 33 $8,005,000 $242,576 $0 0.00%
    $150k-250k 30 $9,620,000 $320,667 $0 0.00%
    $50k or less 25 $3,085,000 $123,400 $0 0.00%
    $75k-100k 22 $4,320,000 $196,364 $0 0.00%
    $250k+ 11 $7,125,000 $647,727 $0 0.00%

    Putnam County Bank lent most frequently to those with incomes in the $50k-75k range, with 35 originations. The second most popular income band? $100k-150k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 194 $48,860,000 $251,856 $0 0.00%

    Putnam County Bank lent most frequently to those with DTI ratios of Exempt%, with 194 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 146 $32,660,000 $223,699 $0 0.00%
    Not applicable 30 $9,600,000 $320,000 $0 0.00%
    Not provided 18 $6,600,000 $366,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.41%

    Putnam County Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.77%

    Putnam County Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 194 $48,860,000 $251,856

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    194 $48,860,000 $251,856

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Podium Mortgage Capital LLC Conventional home mortgage Struggling to pay mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Putnam County Bank 101 Hurricane Creek Road Hurricane, WV 25526 Full Service B&M $170,923
    Putnam County Bank 2761 Main Street Hurricane, WV 25526 Full Service B&M $284,872
    Putnam County Bank 300 Hurricane Creek Road Hurricane, WV 25526 Limited, Drive-thru $0
    Putnam County Bank 3058 Mount Vernon Road Hurricane, WV 25526 Full Service B&M $113,949

    For 2021, Putnam County Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,768
    Net interest income $12,645
    Total noninterest income $459
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $16
    Trading account gains and fees $0
    Additional Noninterest Income $443
    Pre-tax net operating income $3,837
    Securities gains (or losses, -) $-318
    Income before extraordinary items $2,815
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,815
    Minority interest net income $0
    Net income $2,815
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,069

    Putnam County Bank's gross interest income from loans was $15,768,000.
    Putnam County Bank's net interest income from loans was $12,645,000.
    Putnam County Bank's fee based income from loans was $16,000.
    Putnam County Bank's net income from loans was $2,815,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,123
    Provision for credit losses $-1,087
    Total noninterest expense $10,354
    Salaries and employee benefits $6,254
    Premises and equipment expense $673
    Additional noninterest expense $3,427
    Applicable income taxes $704
    Net charge-offs $822
    Cash dividends $1,980

    Putnam County Bank's interest expense for loans was $3,123,000.
    Putnam County Bank's payroll and benefits expense were $6,254,000.
    Putnam County Bank's property, plant and equipment expenses $673,000.

    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 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $580,840
    Deposits held in domestic offices $580,840
    Deposits by Individuals, partnerships, and corporations $513,324
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $67,516
    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 $277,472
    Demand deposits $120,099
    Nontransaction accounts $303,368
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $46,099
    Total time deposits $257,271
    Total time and savings deposits $460,741
    Noninterest-bearing deposits $120,099
    Interest-bearing deposits $460,741
    Retail deposits $495,072
    IRAs and Keogh plan accounts $43,805
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $677,452
    Cash & Balances due from depository institutions $33,016
    Interest-bearing balances $15,634
    Total securities $222,642
    Federal funds sold & reverse repurchase $102,000
    Net loans and leases $310,764
    Loan and leases loss allowance $5,352
    Trading account assets $0
    Bank premises and fixed assets $4,835
    Other real estate owned $152
    Goodwill and other intangibles $0
    All other assets $4,043

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $677,452
    Total Liabilities $585,632
    Total deposits $580,840
    Interest-bearing deposits $460,741
    Deposits held in domestic offices $580,840
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,792

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $310,764
    Loan and leases loss allowance $5,352
    Total loans and leases (domestic) $316,116
    All real estate loans $295,184
    Real estate loans in domestic offices $295,184
    Construction and development loans $16,022
    Residential 1-4 family construction $6,642
    Other construction, all land development and other land $9,380
    Loans secured by nonfarm nonresidential properties $83,815
    Nonfarm nonresidential secured by owner-occupied properties $33,351
    Commercial real estate & other non-farm, non-residential $50,464
    Multifamily residential real estate $6,416
    1-4 family residential loans $188,931
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $17,654
    To non-U.S. addressees $0
    Loans to individuals $2,953
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $998
    Other loans to individuals $1,955
    All other loans & leases $325
    Loans to foreign governments and official institutions $0
    Other loans $2
    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 $8,137
    Non 1-4 family restructured loans & leases $6,375
    Total loans and leases (foreign) $0

    Putnam County Bank had $310,764,000 of loans outstanding in 2021. $295,184,000 of loans were in real estate loans. $16,022,000 of loans were in development loans. $6,416,000 of loans were in multifamily mortgage loans. $188,931,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $998,000 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 114 $27,541 $241,588
    Nonfarm, nonresidential loans - <$100k 20 $1,086 $54,300
    Nonfarm, nonresidential loans - $100-250k 44 $5,519 $125,432
    Nonfarm, nonresidential loans - $250k-1MM 50 $20,936 $418,720
    Commercial & Industrial, US addressed loans - <$1MM 65 $6,223 $95,738
    Commercial & Industrial, US addressed loans - <$100k 39 $831 $21,308
    Commercial & Industrial, US addressed loans - $100-250k 15 $1,824 $121,600
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $3,568 $324,364