Calhoun County Bank Mortgage Rates, Fees & Info

Grantsville, WV

LEI: 54930001GYIWKBD35H65

Tax ID: 55-0681478

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Mortgage Data

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

    Calhoun County Bank is a smaller bank specializing in Home Purchase and Refi loans. Calhoun County Bank has a high proportion of conventional loans. Their top (well, only) market is Parkersburg.

    Calhoun County Bank 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

    165

    Origination Dollar Volume (All Markets)

    $14,675,000

    Employee count

    41

    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 132 $12,060,000 $91,364 $0 0.00%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 33 $2,615,000 $79,242 $0 0.00%
    Calhoun County Bank's top markets include and Parkersburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 165 $14,675,000 $88,939 $0 0.00%

    For 2018, Calhoun County Bank's most frequently originated type of loan was Conventional, with 165 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 101 $9,655,000 $95,594 $0 0.00%
    Refi 44 $3,880,000 $88,182 $0 0.00%
    Other 13 $765,000 $58,846 $0 0.00%
    Home Improvement 7 $375,000 $53,571 $0 0.00%

    For 2018, Calhoun County Bank's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 165 $14,675,000 $88,939 $0 0.00%

    For 2018, Calhoun County Bank's most frequently cited loan duration was Other, with 165 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 115 $6,715,000 $58,391 $0 0.00%
    $100k-200k 39 $5,065,000 $129,872 $0 0.00%
    $200k-400k 11 $2,895,000 $263,182 $0 0.00%

    2018 saw Calhoun County Bank place emphasis on $100,000 or less loans with 115 originations, totaling $6,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 53 $2,955,000 $55,755 $0 0.00%
    $50k-75k 47 $4,455,000 $94,787 $0 0.00%
    $75k-100k 28 $2,450,000 $87,500 $0 0.00%
    $100k-150k 22 $2,850,000 $129,545 $0 0.00%
    $150k-250k 11 $1,645,000 $149,545 $0 0.00%

    Calhoun County Bank lent most frequently to those with incomes in the $50k or less range, with 53 originations. The second most popular income band? $50k-75k, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 165 $14,675,000 $88,939 $0 0.00%

    Calhoun County Bank lent most frequently to those with DTI ratios of Exempt%, with 165 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 164 $14,590,000 $88,963 $0 0.00%
    Not applicable 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    74.19%

    Calhoun County Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.15%

    Calhoun County Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 165 $14,675,000 $88,939

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 72 $5,650,000 $78,472
    Single Family (1-4 Units):Site-Built 93 $9,025,000 $97,043

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Calhoun County Bank, Inc. 362 Main Street Grantsville, WV 26147 Full Service B&M $54,950
    Calhoun County Bank, Inc. 904 North Lewis St Glenville, WV 26351 Full Service B&M $34,088
    Calhoun County Bank, Inc. Route 14, Pike Street Elizabeth, WV 26143 Full Service B&M $9,754
    Calhoun County Bank, Inc. Route 33 West Arnoldsburg, WV 25234 Full Service B&M $18,863

    For 2018, Calhoun County Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,241
    Net interest income $5,702
    Total noninterest income $847
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $339
    Trading account gains and fees $0
    Additional Noninterest Income $508
    Pre-tax net operating income $1,638
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,249
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,249
    Minority interest net income $0
    Net income $1,249
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,249

    Calhoun County Bank's gross interest income from loans was $6,241,000.
    Calhoun County Bank's net interest income from loans was $5,702,000.
    Calhoun County Bank's fee based income from loans was $339,000.
    Calhoun County Bank's net income from loans was $1,249,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $539
    Provision for credit losses $140
    Total noninterest expense $4,771
    Salaries and employee benefits $2,547
    Premises and equipment expense $473
    Additional noninterest expense $1,751
    Applicable income taxes $389
    Net charge-offs $43
    Cash dividends $459

    Calhoun County Bank's interest expense for loans was $539,000.
    Calhoun County Bank's payroll and benefits expense were $2,547,000.
    Calhoun County Bank's property, plant and equipment expenses $473,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 17.0%
    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 $122,993
    Deposits held in domestic offices $122,993
    Deposits by Individuals, partnerships, and corporations $119,311
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,682
    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 $48,520
    Demand deposits $39,902
    Nontransaction accounts $74,473
    Money market deposit accounts (MMDAs) $4,608
    Other savings deposits (excluding MMDAs) $34,626
    Total time deposits $35,239
    Total time and savings deposits $83,091
    Noninterest-bearing deposits $40,607
    Interest-bearing deposits $82,386
    Retail deposits $115,531
    IRAs and Keogh plan accounts $7,714
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $141,926
    Cash & Balances due from depository institutions $10,908
    Interest-bearing balances $9,031
    Total securities $8,942
    Federal funds sold & reverse repurchase $439
    Net loans and leases $112,396
    Loan and leases loss allowance $1,362
    Trading account assets $0
    Bank premises and fixed assets $4,480
    Other real estate owned $213
    Goodwill and other intangibles $0
    All other assets $4,548

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $141,926
    Total Liabilities $127,708
    Total deposits $122,993
    Interest-bearing deposits $82,386
    Deposits held in domestic offices $122,993
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,000
    Subordinated debt $0
    All other liabilities $1,715

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $112,396
    Loan and leases loss allowance $1,362
    Total loans and leases (domestic) $113,758
    All real estate loans $88,730
    Real estate loans in domestic offices $88,730
    Construction and development loans $902
    Residential 1-4 family construction $902
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $15,661
    Nonfarm nonresidential secured by owner-occupied properties $3,458
    Commercial real estate & other non-farm, non-residential $12,203
    Multifamily residential real estate $0
    1-4 family residential loans $72,030
    Farmland loans $137
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $6,877
    To non-U.S. addressees $0
    Loans to individuals $17,537
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $6,602
    Other loans to individuals $10,935
    All other loans & leases $614
    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 $578
    Non 1-4 family restructured loans & leases $272
    Total loans and leases (foreign) $0

    Calhoun County Bank had $112,396,000 of loans outstanding in 2018. $88,730,000 of loans were in real estate loans. $902,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $72,030,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $6,602,000 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 223 $15,661 $70,229
    Nonfarm, nonresidential loans - <$100k 223 $15,661 $70,229
    Commercial & Industrial, US addressed loans - <$1MM 148 $6,877 $46,466
    Commercial & Industrial, US addressed loans - <$100k 148 $6,877 $46,466
    Farmland loans - <$1MM 6 $137 $22,833
    Farmland loans - <$100k 6 $137 $22,833