The Commercial And Savings Bank Of Millersburg Ohio Mortgage Rates, Fees & Info

Millersburg, OH

LEI: 254900VHR12KN8C3F913

Tax ID: 34-0159850

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    The Commercial And Savings Bank Of Millersburg Ohio is a smaller bank specializing in Home Purchase loans. The Commercial And Savings Bank Of Millersburg Ohio has a high proportion of conventional loans. Their top markets by origination volume include: New Philadelphia, Wooster, Columbus, Canton, and Akron among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Commercial And Savings Bank Of Millersburg Ohio 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. The Commercial And Savings Bank Of Millersburg Ohio is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.93% 4/18/24
    30 Year Conventional Refi 6.85% 4/18/24
    30 Year Cash-out Refi 7.23% 4/18/24
    15 Year Conventional Purchase 6.55% 4/18/24
    15 Year Conventional Refi 6.42% 4/18/24
    15 Year Cash-out Refi 6.42% 4/18/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    The Commercial And Savings Bank Of Millersburg Ohio Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Commercial And Savings Bank Of Millersburg Ohio. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    293

    Origination Dollar Volume (All Markets)

    $49,615,000

    Employee count

    170

    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 91 $14,005,000 $153,901 $1,590 4.85%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 71 $9,695,000 $136,549 $2,524 4.76%
    Wooster, OH (FHA|USDA|VA) 57 $9,685,000 $169,912 $3,478 4.87%
    COLUMBUS, OH (FHA|USDA|VA) 3 $6,395,000 $2,131,667 $0 5.23%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 36 $4,400,000 $122,222 $0 5.10%
    AKRON, OH (FHA|USDA|VA) 16 $2,320,000 $145,000 $1,898 4.92%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,175,000 $391,667 $0 4.38%
    Coshocton, OH (FHA|USDA|VA) 9 $1,055,000 $117,222 $770 4.89%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $500,000 $125,000 $0 4.69%
    Mount Vernon, OH (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.50%
    Ashland, OH (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.88%
    Cambridge, OH (FHA|USDA|VA) 1 $105,000 $105,000 $2,075 4.50%
    The Commercial And Savings Bank Of Millersburg Ohio's top markets include New Philadelphia, Wooster, Columbus, Canton, and Akron among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Commercial and Savings Bank of Millersburg Ohio based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FIRESTONE
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    Similarity Rank: 1683

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 293 $49,615,000 $169,334 $2,263 4.86%

    For 2018, The Commercial And Savings Bank Of Millersburg Ohio's most frequently originated type of loan was Conventional, with 293 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 198 $37,850,000 $191,162 $2,642 4.90%
    Cash Out Refi 56 $7,610,000 $135,893 $955 4.74%
    Refi 18 $1,850,000 $102,778 $0 4.85%
    Other 14 $1,690,000 $120,714 $1,085 4.84%
    Home Improvement 7 $615,000 $87,857 $0 4.81%

    For 2018, The Commercial And Savings Bank Of Millersburg Ohio's most frequently cited loan purpose was Home Purchase, with 198 originations. The 2nd most popular reason was Cash Out Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 151 $25,415,000 $168,311 $2,750 4.85%
    15 Year 56 $6,720,000 $120,000 $1,892 4.61%
    20 Year 34 $10,340,000 $304,118 $2,080 5.14%
    10 Year 23 $2,055,000 $89,348 $770 4.70%
    Other 12 $1,550,000 $129,167 $1,948 5.64%
    30+ year 9 $2,395,000 $266,111 $4,158 4.68%
    1 Year 6 $1,030,000 $171,667 $0 5.42%
    5 Year 2 $110,000 $55,000 $0 4.75%

    For 2018, The Commercial And Savings Bank Of Millersburg Ohio's most frequently cited loan duration was 30 Year, with 151 originations. The 2nd most popular length was 15 Year, with 56 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 12 $1,650,000 $137,500
    $1k-2k 4 $800,000 $200,000
    $2k-3k 1 $65,000 $65,000

    The Commercial And Savings Bank Of Millersburg Ohio's average total fees were $2,750, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 12 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 173 $30,415,000 $175,809
    5-6% 91 $14,625,000 $160,714
    3-4% 22 $3,560,000 $161,818
    2.5-3% 4 $950,000 $237,500
    Over 8% 2 $40,000 $20,000
    6-7% 1 $25,000 $25,000

    During 2018, The Commercial And Savings Bank Of Millersburg Ohio's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 4-5%, with 173 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 122 $17,000,000 $139,344 $2,026 4.80%
    $100,000 or less 104 $6,760,000 $65,000 $2,080 4.97%
    $200k-400k 55 $13,845,000 $251,727 $2,275 4.80%
    $400k-600k 8 $3,800,000 $475,000 $4,803 5.05%
    $600k-1MM 3 $2,205,000 $735,000 $0 4.25%
    $1MM+ 1 $6,005,000 $6,005,000 $0 4.95%

    2018 saw The Commercial And Savings Bank Of Millersburg Ohio place emphasis on $100k-200k loans with 122 originations, totaling $17,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 84 $9,000,000 $107,143 $1,948 4.87%
    $50k-75k 83 $10,385,000 $125,120 $2,179 4.86%
    $100k-150k 34 $6,250,000 $183,824 $2,798 4.73%
    $75k-100k 32 $5,360,000 $167,500 $0 4.80%
    $150k-250k 19 $5,045,000 $265,526 $1,948 4.82%
    $250k+ 13 $4,515,000 $347,308 $0 4.87%

    The Commercial And Savings Bank Of Millersburg Ohio lent most frequently to those with incomes in the $50k or less range, with 84 originations. The second most popular income band? $50k-75k, with 83 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 67 $9,685,000 $144,552 $1,650 4.79%
    30-36% 67 $10,255,000 $153,060 $2,213 4.83%
    <20% 33 $4,755,000 $144,091 $0 4.96%
    39% 21 $3,245,000 $154,524 $1,708 4.95%
    36% 13 $1,755,000 $135,000 $4,158 4.55%
    38% 12 $2,660,000 $221,667 $2,035 4.62%
    41% 11 $1,265,000 $115,000 $0 4.65%
    42% 11 $2,075,000 $188,636 $0 4.92%
    37% 9 $1,485,000 $165,000 $1,085 4.58%
    >60% 7 $1,095,000 $156,429 $0 4.73%
    40% 5 $805,000 $161,000 $1,848 4.75%
    43% 5 $1,275,000 $255,000 $4,803 4.75%
    45% 3 $375,000 $125,000 $0 4.67%
    47% 3 $335,000 $111,667 $2,075 4.67%
    50-60% 2 $410,000 $205,000 $0 5.13%
    44% 2 $380,000 $190,000 $0 5.44%
    46% 1 $245,000 $245,000 $0 5.00%

    The Commercial And Savings Bank Of Millersburg Ohio lent most frequently to those with DTI ratios of 20-30%, with 67 originations. The next most common DTI ratio? 30-36%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 271 $41,805,000 $154,262 $2,263 4.83%
    Not applicable 21 $7,575,000 $360,714 $0 5.32%
    Asian 1 $235,000 $235,000 $0 4.38%

    Approval Rates

    Total approvals of all applications
    98.13%

    The Commercial And Savings Bank Of Millersburg Ohio 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
    93.17%

    The Commercial And Savings Bank Of Millersburg Ohio has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 293 $49,615,000 $169,334

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $6,110,000 $3,055,000
    Single Family (1-4 Units):Manufactured 18 $1,430,000 $79,444
    Single Family (1-4 Units):Site-Built 273 $42,075,000 $154,121

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $3,540,000 $104,118 $2,160 4.62%
    40-60% 43 $5,985,000 $139,186 $2,075 4.87%
    60-80% 117 $18,105,000 $154,744 $2,882 4.90%
    80-100% 85 $14,205,000 $167,118 $1,882 4.91%
    Under 20% 10 $6,830,000 $683,000 $1,085 5.02%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Commercial and Savings Bank of Millersburg, Ohio 100 South Walnut St Gnadenhutten, OH 44629 Full Service B&M $14,227
    The Commercial and Savings Bank of Millersburg, Ohio 119 West High Street Orrville, OH 44667 Full Service B&M $21,575
    The Commercial and Savings Bank of Millersburg, Ohio 1210 North Main Street North Canton, OH 44720 Full Service B&M $13,840
    The Commercial and Savings Bank of Millersburg, Ohio 127 South Broadway Sugarcreek, OH 44681 Full Service B&M $57,323
    The Commercial and Savings Bank of Millersburg, Ohio 2101 Glen Drive Millersburg, OH 44654 Full Service B&M $26,542
    The Commercial and Savings Bank of Millersburg, Ohio 2225 U.S. Route 62 Winesburg, OH 44690 Full Service B&M $53,088
    The Commercial and Savings Bank of Millersburg, Ohio 333 West South Street Shreve, OH 44676 Full Service B&M $23,832
    The Commercial and Savings Bank of Millersburg, Ohio 3562 Commerce Pkwy Wooster, OH 44691 Full Service B&M $29,101
    The Commercial and Savings Bank of Millersburg, Ohio 405 East Liberty Street Wooster, OH 44691 Full Service B&M $60,249
    The Commercial and Savings Bank of Millersburg, Ohio 4440 County Road 70 Charm, OH 44617 Full Service B&M $38,106
    The Commercial and Savings Bank of Millersburg, Ohio 4587 State Route 39 Berlin, OH 44610 Full Service B&M $39,116
    The Commercial and Savings Bank of Millersburg, Ohio 4980 Old Pump Street Walnut Creek, OH 44687 Full Service B&M $71,205
    The Commercial and Savings Bank of Millersburg, Ohio 635 West High Avenue New Philadelphia, OH 44663 Full Service B&M $22,043
    The Commercial and Savings Bank of Millersburg, Ohio 91 N Clay St Millersburg, OH 44654 Full Service B&M $5,482
    The Commercial and Savings Bank of Millersburg, Ohio 91 South Clay Street Millersburg, OH 44654 Full Service B&M $120,997

    For 2018, The Commercial And Savings Bank Of Millersburg Ohio had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,635
    Net interest income $26,749
    Total noninterest income $4,775
    Gross Fiduciary activities income $744
    Service charges on deposit accounts $1,182
    Trading account gains and fees $0
    Additional Noninterest Income $2,849
    Pre-tax net operating income $12,036
    Securities gains (or losses, -) $0
    Income before extraordinary items $9,697
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,697
    Minority interest net income $0
    Net income $9,697
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,697

    The Commercial And Savings Bank Of Millersburg Ohio's gross interest income from loans was $29,635,000.
    The Commercial And Savings Bank Of Millersburg Ohio's net interest income from loans was $26,749,000.
    The Commercial And Savings Bank Of Millersburg Ohio's fee based income from loans was $1,182,000.
    The Commercial And Savings Bank Of Millersburg Ohio's net income from loans was $9,697,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,886
    Provision for credit losses $1,316
    Total noninterest expense $18,172
    Salaries and employee benefits $10,723
    Premises and equipment expense $1,430
    Additional noninterest expense $6,019
    Applicable income taxes $2,339
    Net charge-offs $1,013
    Cash dividends $2,865

    The Commercial And Savings Bank Of Millersburg Ohio's interest expense for loans was $2,886,000.
    The Commercial And Savings Bank Of Millersburg Ohio's payroll and benefits expense were $10,723,000.
    The Commercial And Savings Bank Of Millersburg Ohio's property, plant and equipment expenses $1,430,000.

    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 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $607,468
    Deposits held in domestic offices $607,468
    Deposits by Individuals, partnerships, and corporations $574,510
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $32,811
    Deposits by Commercial banks and other depository institutions in U.S. $144
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $69,527
    Demand deposits $48,184
    Nontransaction accounts $537,941
    Money market deposit accounts (MMDAs) $69,898
    Other savings deposits (excluding MMDAs) $351,552
    Total time deposits $116,491
    Total time and savings deposits $559,284
    Noninterest-bearing deposits $186,841
    Interest-bearing deposits $420,627
    Retail deposits $589,517
    IRAs and Keogh plan accounts $19,175
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $731,579
    Cash & Balances due from depository institutions $45,564
    Interest-bearing balances $22,350
    Total securities $106,216
    Federal funds sold & reverse repurchase $0
    Net loans and leases $543,175
    Loan and leases loss allowance $5,907
    Trading account assets $0
    Bank premises and fixed assets $9,896
    Other real estate owned $99
    Goodwill and other intangibles $5,176
    All other assets $21,453

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $731,579
    Total Liabilities $656,157
    Total deposits $607,468
    Interest-bearing deposits $420,627
    Deposits held in domestic offices $607,468
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $37,415
    Trading liabilities $0
    Other borrowed funds $8,525
    Subordinated debt $0
    All other liabilities $2,749

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $543,175
    Loan and leases loss allowance $5,907
    Total loans and leases (domestic) $549,082
    All real estate loans $413,153
    Real estate loans in domestic offices $413,153
    Construction and development loans $31,360
    Residential 1-4 family construction $3,228
    Other construction, all land development and other land $28,132
    Loans secured by nonfarm nonresidential properties $166,671
    Nonfarm nonresidential secured by owner-occupied properties $109,085
    Commercial real estate & other non-farm, non-residential $57,586
    Multifamily residential real estate $10,112
    1-4 family residential loans $185,757
    Farmland loans $19,253
    Loans held in foreign offices $0
    Farm loans $3,642
    Commercial and industrial loans $111,705
    To non-U.S. addressees $0
    Loans to individuals $19,055
    Credit card loans $0
    Related Plans $112
    Consumer Auto Loans $4,618
    Other loans to individuals $14,325
    All other loans & leases $2,452
    Loans to foreign governments and official institutions $0
    Other loans $1,072
    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 $1,107
    Non 1-4 family restructured loans & leases $201
    Total loans and leases (foreign) $0

    The Commercial and Savings Bank of Millersburg Ohio had $543,175,000 of loans outstanding in 2018. $413,153,000 of loans were in real estate loans. $31,360,000 of loans were in development loans. $10,112,000 of loans were in multifamily mortgage loans. $185,757,000 of loans were in 1-4 family mortgage loans. $3,642,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,618,000 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 271 $57,515 $212,232
    Nonfarm, nonresidential loans - <$100k 54 $2,083 $38,574
    Nonfarm, nonresidential loans - $100-250k 97 $11,516 $118,722
    Nonfarm, nonresidential loans - $250k-1MM 120 $43,916 $365,967
    Commercial & Industrial, US addressed loans - <$1MM 588 $39,068 $66,442
    Commercial & Industrial, US addressed loans - <$100k 405 $8,455 $20,877
    Commercial & Industrial, US addressed loans - $100-250k 89 $8,017 $90,079
    Commercial & Industrial, US addressed loans - $250k-1MM 94 $22,596 $240,383
    Farmland loans - <$1MM 46 $7,060 $153,478
    Farmland loans - <$100k 9 $265 $29,444
    Farmland loans - $100-250k 17 $2,214 $130,235
    Farmland loans - $250k-1MM 20 $4,581 $229,050
    Agriculture operations loans - <$1MM 85 $2,375 $27,941
    Agriculture operations loans - <$100k 80 $1,639 $20,488
    Agriculture operations loans - $100-250k 4 $453 $113,250
    Agriculture operations loans - $250k-1MM 1 $283 $283,000