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

Jump to:

Mortgage Data

Bank Data

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, Canton, Akron, and Coshocton among others. We have data for 16 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.

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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.93% 4/21/24
30 Year Conventional Refi 6.85% 4/21/24
30 Year Cash-out Refi 7.23% 4/21/24
15 Year Conventional Purchase 6.55% 4/21/24
15 Year Conventional Refi 6.42% 4/21/24
15 Year Cash-out Refi 6.42% 4/21/24
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

319

Origination Dollar Volume (All Markets)

$53,525,000

Employee count

171

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 115 $20,925,000 $181,957 $0 0.00%
New Philadelphia-Dover, OH (FHA|USDA|VA) 71 $11,075,000 $155,986 $0 0.00%
Wooster, OH (FHA|USDA|VA) 64 $9,730,000 $152,031 $0 0.00%
CANTON-MASSILLON, OH (FHA|USDA|VA) 27 $5,065,000 $187,593 $0 0.00%
AKRON, OH (FHA|USDA|VA) 15 $2,315,000 $154,333 $0 0.00%
Coshocton, OH (FHA|USDA|VA) 13 $2,075,000 $159,615 $0 0.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $475,000 $158,333 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $370,000 $185,000 $0 0.00%
COLUMBUS, OH (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Olean, NY (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Ashland, OH (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
The Commercial And Savings Bank Of Millersburg Ohio's top markets include New Philadelphia, Wooster, Canton, Akron, and Coshocton among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • New York (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.

    PULTE MORTGAGE LLC
    Similarity Rank: 630
    Ohio Catholic Federal Credit Union
    Similarity Rank: 800
    Cf Bank
    Similarity Rank: 810
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 1280
    Seven Seventeen Credit Union
    Similarity Rank: 1350
    UNION CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 2052
    Peoples Bank
    Similarity Rank: 2242
    Civista Bank
    Similarity Rank: 2385

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 319 $53,525,000 $167,790 $0 0.00%

    For 2019, The Commercial And Savings Bank Of Millersburg Ohio's most frequently originated type of loan was Conventional, with 319 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 183 $32,655,000 $178,443 $0 0.00%
    Cash Out Refi 63 $10,095,000 $160,238 $0 0.00%
    Refi 37 $6,795,000 $183,649 $0 0.00%
    Home Improvement 19 $2,165,000 $113,947 $0 0.00%
    Other 17 $1,815,000 $106,765 $0 0.00%

    For 2019, The Commercial And Savings Bank Of Millersburg Ohio's most frequently cited loan purpose was Home Purchase, with 183 originations. The 2nd most popular reason was Cash Out Refi, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 319 $53,525,000 $167,790 $0 0.00%

    For 2019, The Commercial And Savings Bank Of Millersburg Ohio's most frequently cited loan duration was Other, with 319 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 138 $19,860,000 $143,913 $0 0.00%
    $100,000 or less 88 $5,840,000 $66,364 $0 0.00%
    $200k-400k 80 $21,050,000 $263,125 $0 0.00%
    $400k-600k 9 $4,115,000 $457,222 $0 0.00%
    $600k-1MM 4 $2,660,000 $665,000 $0 0.00%

    2019 saw The Commercial And Savings Bank Of Millersburg Ohio place emphasis on $100k-200k loans with 138 originations, totaling $19,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 80 $11,940,000 $149,250 $0 0.00%
    $50k or less 77 $8,225,000 $106,818 $0 0.00%
    $75k-100k 63 $11,075,000 $175,794 $0 0.00%
    $100k-150k 44 $9,260,000 $210,455 $0 0.00%
    $150k-250k 26 $6,940,000 $266,923 $0 0.00%
    $250k+ 8 $2,150,000 $268,750 $0 0.00%

    The Commercial And Savings Bank Of Millersburg Ohio lent most frequently to those with incomes in the $50k-75k range, with 80 originations. The second most popular income band? $50k or less, with 77 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 319 $53,525,000 $167,790 $0 0.00%

    The Commercial And Savings Bank Of Millersburg Ohio lent most frequently to those with DTI ratios of Exempt%, with 319 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 305 $51,035,000 $167,328 $0 0.00%
    Not applicable 13 $2,315,000 $178,077 $0 0.00%
    American Indian 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.04%

    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
    93.10%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 319 $53,525,000 $167,790

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $2,005,000 $286,429
    Single Family (1-4 Units):Manufactured 18 $1,780,000 $98,889
    Single Family (1-4 Units):Site-Built 294 $49,740,000 $169,184

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TJC Mortgage, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    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 $13,823
    The Commercial and Savings Bank of Millersburg, Ohio 119 West High Street Orrville, OH 44667 Full Service B&M $27,257
    The Commercial and Savings Bank of Millersburg, Ohio 1210 North Main Street North Canton, OH 44720 Full Service B&M $19,183
    The Commercial and Savings Bank of Millersburg, Ohio 127 South Broadway Sugarcreek, OH 44681 Full Service B&M $66,716
    The Commercial and Savings Bank of Millersburg, Ohio 2101 Glen Drive Millersburg, OH 44654 Full Service B&M $26,988
    The Commercial and Savings Bank of Millersburg, Ohio 2225 U.S. Route 62 Winesburg, OH 44690 Full Service B&M $55,896
    The Commercial and Savings Bank of Millersburg, Ohio 333 West South Street Shreve, OH 44676 Full Service B&M $26,927
    The Commercial and Savings Bank of Millersburg, Ohio 350 East Liberty Street Wooster, OH 44691 Full Service B&M $59,509
    The Commercial and Savings Bank of Millersburg, Ohio 3562 Commerce Pkwy Wooster, OH 44691 Full Service B&M $31,734
    The Commercial and Savings Bank of Millersburg, Ohio 4440 County Road 70 Charm, OH 44617 Full Service B&M $41,188
    The Commercial and Savings Bank of Millersburg, Ohio 4587 State Route 39 Berlin, OH 44610 Full Service B&M $36,391
    The Commercial and Savings Bank of Millersburg, Ohio 4980 Old Pump Street Walnut Creek, OH 44687 Full Service B&M $76,995
    The Commercial and Savings Bank of Millersburg, Ohio 635 West High Avenue New Philadelphia, OH 44663 Full Service B&M $21,214
    The Commercial and Savings Bank of Millersburg, Ohio 91 N Clay St Millersburg, OH 44654 Full Service B&M $4,939
    The Commercial and Savings Bank of Millersburg, Ohio 91 South Clay Street Millersburg, OH 44654 Full Service B&M $116,180

    For 2019, The Commercial And Savings Bank Of Millersburg Ohio had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $32,458
    Net interest income $28,396
    Total noninterest income $5,420
    Gross Fiduciary activities income $759
    Service charges on deposit accounts $1,252
    Trading account gains and fees $0
    Additional Noninterest Income $3,409
    Pre-tax net operating income $13,263
    Securities gains (or losses, -) $0
    Income before extraordinary items $10,686
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,686
    Minority interest net income $0
    Net income $10,686
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,686

    The Commercial And Savings Bank Of Millersburg Ohio's gross interest income from loans was $32,458,000.
    The Commercial And Savings Bank Of Millersburg Ohio's net interest income from loans was $28,396,000.
    The Commercial And Savings Bank Of Millersburg Ohio's fee based income from loans was $1,252,000.
    The Commercial And Savings Bank Of Millersburg Ohio's net income from loans was $10,686,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,062
    Provision for credit losses $1,140
    Total noninterest expense $19,413
    Salaries and employee benefits $11,487
    Premises and equipment expense $1,403
    Additional noninterest expense $6,523
    Applicable income taxes $2,577
    Net charge-offs $30
    Cash dividends $3,170

    The Commercial And Savings Bank Of Millersburg Ohio's interest expense for loans was $4,062,000.
    The Commercial And Savings Bank Of Millersburg Ohio's payroll and benefits expense were $11,487,000.
    The Commercial And Savings Bank Of Millersburg Ohio's property, plant and equipment expenses $1,403,000.

    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 $684,417
    Deposits held in domestic offices $684,417
    Deposits by Individuals, partnerships, and corporations $650,888
    Deposits by U.S. Government $14
    Deposits by States and political subdivisions in the U.S. $33,396
    Deposits by Commercial banks and other depository institutions in U.S. $119
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $79,045
    Demand deposits $50,487
    Nontransaction accounts $605,372
    Money market deposit accounts (MMDAs) $76,332
    Other savings deposits (excluding MMDAs) $401,480
    Total time deposits $127,560
    Total time and savings deposits $633,930
    Noninterest-bearing deposits $198,651
    Interest-bearing deposits $485,766
    Retail deposits $661,384
    IRAs and Keogh plan accounts $18,602
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $818,457
    Cash & Balances due from depository institutions $102,017
    Interest-bearing balances $84,369
    Total securities $126,015
    Federal funds sold & reverse repurchase $0
    Net loans and leases $545,238
    Loan and leases loss allowance $7,017
    Trading account assets $0
    Bank premises and fixed assets $11,976
    Other real estate owned $99
    Goodwill and other intangibles $5,159
    All other assets $27,953

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $818,457
    Total Liabilities $734,035
    Total deposits $684,417
    Interest-bearing deposits $485,766
    Deposits held in domestic offices $684,417
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $38,889
    Trading liabilities $0
    Other borrowed funds $6,330
    Subordinated debt $0
    All other liabilities $4,399

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $545,238
    Loan and leases loss allowance $7,017
    Total loans and leases (domestic) $552,255
    All real estate loans $424,186
    Real estate loans in domestic offices $424,186
    Construction and development loans $24,364
    Residential 1-4 family construction $3,858
    Other construction, all land development and other land $20,506
    Loans secured by nonfarm nonresidential properties $184,241
    Nonfarm nonresidential secured by owner-occupied properties $104,348
    Commercial real estate & other non-farm, non-residential $79,893
    Multifamily residential real estate $6,593
    1-4 family residential loans $191,895
    Farmland loans $17,093
    Loans held in foreign offices $0
    Farm loans $4,028
    Commercial and industrial loans $105,088
    To non-U.S. addressees $0
    Loans to individuals $18,594
    Credit card loans $0
    Related Plans $119
    Consumer Auto Loans $5,004
    Other loans to individuals $13,471
    All other loans & leases $1,330
    Loans to foreign governments and official institutions $0
    Other loans $73
    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 $2,224
    Non 1-4 family restructured loans & leases $1,376
    Total loans and leases (foreign) $0

    The Commercial and Savings Bank of Millersburg Ohio had $545,238,000 of loans outstanding in 2019. $424,186,000 of loans were in real estate loans. $24,364,000 of loans were in development loans. $6,593,000 of loans were in multifamily mortgage loans. $191,895,000 of loans were in 1-4 family mortgage loans. $4,028,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,004,000 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 263 $58,847 $223,753
    Nonfarm, nonresidential loans - <$100k 50 $2,172 $43,440
    Nonfarm, nonresidential loans - $100-250k 93 $10,806 $116,194
    Nonfarm, nonresidential loans - $250k-1MM 120 $45,869 $382,242
    Commercial & Industrial, US addressed loans - <$1MM 574 $37,861 $65,960
    Commercial & Industrial, US addressed loans - <$100k 386 $7,612 $19,720
    Commercial & Industrial, US addressed loans - $100-250k 96 $8,028 $83,625
    Commercial & Industrial, US addressed loans - $250k-1MM 92 $22,221 $241,533
    Farmland loans - <$1MM 44 $6,219 $141,341
    Farmland loans - <$100k 8 $200 $25,000
    Farmland loans - $100-250k 19 $2,552 $134,316
    Farmland loans - $250k-1MM 17 $3,467 $203,941
    Agriculture operations loans - <$1MM 93 $2,583 $27,774
    Agriculture operations loans - <$100k 87 $1,755 $20,172
    Agriculture operations loans - $100-250k 4 $298 $74,500
    Agriculture operations loans - $250k-1MM 2 $530 $265,000