Calhoun County Bank Mortgage Rates, Fees & Info

Grantsville, WV

LEI: 54930001GYIWKBD35H65

Tax ID: 55-0681478

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

    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

    170

    Origination Dollar Volume (All Markets)

    $16,820,000

    Employee count

    42

    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 117 $11,925,000 $101,923 $0 0.00%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 53 $4,895,000 $92,358 $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 170 $16,820,000 $98,941 $0 0.00%

    For 2020, Calhoun County Bank's most frequently originated type of loan was Conventional, with 170 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 112 $11,530,000 $102,946 $0 0.00%
    Refi 50 $4,450,000 $89,000 $0 0.00%
    Home Improvement 5 $165,000 $33,000 $0 0.00%
    Other 3 $675,000 $225,000 $0 0.00%

    For 2020, Calhoun County Bank's most frequently cited loan purpose was Home Purchase, with 112 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 170 $16,820,000 $98,941 $0 0.00%

    For 2020, Calhoun County Bank's most frequently cited loan duration was Other, with 170 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 118 $6,860,000 $58,136 $0 0.00%
    $100k-200k 35 $4,925,000 $140,714 $0 0.00%
    $200k-400k 13 $2,895,000 $222,692 $0 0.00%
    $400k-600k 3 $1,525,000 $508,333 $0 0.00%
    $600k-1MM 1 $615,000 $615,000 $0 0.00%

    2020 saw Calhoun County Bank place emphasis on $100,000 or less loans with 118 originations, totaling $6,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 60 $3,520,000 $58,667 $0 0.00%
    $50k-75k 42 $4,030,000 $95,952 $0 0.00%
    $75k-100k 29 $3,305,000 $113,966 $0 0.00%
    $100k-150k 28 $3,070,000 $109,643 $0 0.00%
    $150k-250k 7 $1,695,000 $242,143 $0 0.00%
    $250k+ 3 $1,115,000 $371,667 $0 0.00%

    Calhoun County Bank lent most frequently to those with incomes in the $50k or less range, with 60 originations. The second most popular income band? $50k-75k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 170 $16,820,000 $98,941 $0 0.00%

    Calhoun County Bank lent most frequently to those with DTI ratios of Exempt%, with 170 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 169 $16,735,000 $99,024 $0 0.00%
    Asian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    72.88%

    Calhoun County Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    70.00%

    Calhoun County Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 170 $16,820,000 $98,941

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 85 $7,305,000 $85,941
    Single Family (1-4 Units):Site-Built 85 $9,515,000 $111,941

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CU Alliance, LLC Conventional home mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Calhoun County Bank, Inc. 443 High Street Grantsville, WV 26147 Full Service B&M $69,383
    Calhoun County Bank, Inc. 904 North Lewis St Glenville, WV 26351 Full Service B&M $35,863
    Calhoun County Bank, Inc. Route 14, Pike Street Elizabeth, WV 26143 Full Service B&M $13,475
    Calhoun County Bank, Inc. Route 33 West Arnoldsburg, WV 25234 Full Service B&M $22,631

    For 2020, Calhoun County Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,913
    Net interest income $5,904
    Total noninterest income $782
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $217
    Trading account gains and fees $0
    Additional Noninterest Income $565
    Pre-tax net operating income $1,456
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,126
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,126
    Minority interest net income $0
    Net income $1,126
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,126

    Calhoun County Bank's gross interest income from loans was $6,913,000.
    Calhoun County Bank's net interest income from loans was $5,904,000.
    Calhoun County Bank's fee based income from loans was $217,000.
    Calhoun County Bank's net income from loans was $1,126,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,009
    Provision for credit losses $240
    Total noninterest expense $4,990
    Salaries and employee benefits $2,627
    Premises and equipment expense $615
    Additional noninterest expense $1,748
    Applicable income taxes $330
    Net charge-offs $113
    Cash dividends $425

    Calhoun County Bank's interest expense for loans was $1,009,000.
    Calhoun County Bank's payroll and benefits expense were $2,627,000.
    Calhoun County Bank's property, plant and equipment expenses $615,000.

    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 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 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 $148,937
    Deposits held in domestic offices $148,937
    Deposits by Individuals, partnerships, and corporations $140,087
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,850
    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 $59,901
    Demand deposits $49,045
    Nontransaction accounts $89,036
    Money market deposit accounts (MMDAs) $9,378
    Other savings deposits (excluding MMDAs) $43,355
    Total time deposits $36,303
    Total time and savings deposits $99,892
    Noninterest-bearing deposits $50,639
    Interest-bearing deposits $98,298
    Retail deposits $140,842
    IRAs and Keogh plan accounts $8,695
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $167,818
    Cash & Balances due from depository institutions $23,566
    Interest-bearing balances $21,379
    Total securities $8,183
    Federal funds sold & reverse repurchase $1,642
    Net loans and leases $125,390
    Loan and leases loss allowance $1,676
    Trading account assets $0
    Bank premises and fixed assets $4,320
    Other real estate owned $16
    Goodwill and other intangibles $0
    All other assets $4,701

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $167,818
    Total Liabilities $152,233
    Total deposits $148,937
    Interest-bearing deposits $98,298
    Deposits held in domestic offices $148,937
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,500
    Subordinated debt $0
    All other liabilities $1,796

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $125,390
    Loan and leases loss allowance $1,676
    Total loans and leases (domestic) $127,066
    All real estate loans $101,255
    Real estate loans in domestic offices $101,255
    Construction and development loans $1,004
    Residential 1-4 family construction $1,004
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $16,008
    Nonfarm nonresidential secured by owner-occupied properties $2,335
    Commercial real estate & other non-farm, non-residential $13,673
    Multifamily residential real estate $0
    1-4 family residential loans $84,157
    Farmland loans $86
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $3,892
    To non-U.S. addressees $0
    Loans to individuals $21,226
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $6,925
    Other loans to individuals $14,301
    All other loans & leases $693
    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 $887
    Non 1-4 family restructured loans & leases $457
    Total loans and leases (foreign) $0

    Calhoun County Bank had $125,390,000 of loans outstanding in 2020. $101,255,000 of loans were in real estate loans. $1,004,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $84,157,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $6,925,000 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 203 $16,008 $78,857
    Nonfarm, nonresidential loans - <$100k 203 $16,008 $78,857
    Commercial & Industrial, US addressed loans - <$1MM 145 $3,892 $26,841
    Commercial & Industrial, US addressed loans - <$100k 145 $3,892 $26,841
    Farmland loans - <$1MM 5 $86 $17,200
    Farmland loans - <$100k 5 $86 $17,200