Owen County State Bank Mortgage Rates, Fees & Info

Spencer, IN

LEI: 54930004Z0FN1LYUET14

Tax ID: 35-0564480

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
  • 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

    Owen County State Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Owen County State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Bloomington, Bedford, Indianapolis, Seymour, and Terre Haute among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Owen County State 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

    227

    Origination Dollar Volume (All Markets)

    $37,705,000

    Employee count

    84

    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
    BLOOMINGTON, IN (FHA|USDA|VA) 124 $20,260,000 $163,387 $0 0.00%
    Outside of Metro Areas 46 $5,880,000 $127,826 $0 0.00%
    Bedford, IN (FHA|USDA|VA) 17 $3,265,000 $192,059 $0 0.00%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 14 $2,690,000 $192,143 $0 0.00%
    Seymour, IN (FHA|USDA|VA) 13 $2,515,000 $193,462 $0 0.00%
    TERRE HAUTE, IN (FHA|USDA|VA) 7 $1,545,000 $220,714 $0 0.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $555,000 $555,000 $0 0.00%
    Vincennes, IN (FHA|USDA|VA) 2 $420,000 $210,000 $0 0.00%
    COLUMBUS, IN (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
    Washington, IN (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    Owen County State Bank's top markets include Bloomington, Bedford, Indianapolis, Seymour, and Terre Haute among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 227 $37,705,000 $166,101 $0 0.00%

    For 2021, Owen County State Bank's most frequently originated type of loan was Conventional, with 227 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 117 $22,705,000 $194,060 $0 0.00%
    Cash Out Refi 61 $9,305,000 $152,541 $0 0.00%
    Refi 23 $4,065,000 $176,739 $0 0.00%
    Home Improvement 17 $965,000 $56,765 $0 0.00%
    Other 9 $665,000 $73,889 $0 0.00%

    For 2021, Owen County State Bank's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Cash Out Refi, with 61 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 227 $37,705,000 $166,101 $0 0.00%

    For 2021, Owen County State Bank's most frequently cited loan duration was Other, with 227 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 81 $11,985,000 $147,963 $0 0.00%
    $100,000 or less 79 $4,605,000 $58,291 $0 0.00%
    $200k-400k 58 $15,850,000 $273,276 $0 0.00%
    $400k-600k 6 $3,020,000 $503,333 $0 0.00%
    $600k-1MM 3 $2,245,000 $748,333 $0 0.00%

    2021 saw Owen County State Bank place emphasis on $100k-200k loans with 81 originations, totaling $11,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 53 $5,055,000 $95,377 $0 0.00%
    $50k-75k 44 $6,670,000 $151,591 $0 0.00%
    $100k-150k 39 $7,895,000 $202,436 $0 0.00%
    $75k-100k 27 $4,995,000 $185,000 $0 0.00%
    $150k-250k 21 $4,935,000 $235,000 $0 0.00%
    $250k+ 6 $1,040,000 $173,333 $0 0.00%

    Owen County State 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 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 227 $37,705,000 $166,101 $0 0.00%

    Owen County State Bank lent most frequently to those with DTI ratios of Exempt%, with 227 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 189 $28,445,000 $150,503 $0 0.00%
    Not applicable 26 $6,120,000 $235,385 $0 0.00%
    Not provided 7 $1,815,000 $259,286 $0 0.00%
    Asian 3 $815,000 $271,667 $0 0.00%
    Black 2 $510,000 $255,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.20%

    Owen County State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    63.00%

    Owen County State 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 227 $37,705,000 $166,101

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    227 $37,705,000 $166,101

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Owen County State Bank 1600 A Street N.E. Suite 25 Linton, IN 47441 Full Service B&M $25,340
    Owen County State Bank 201 West Morgan Street Spencer, IN 47460 Full Service B&M $160,562
    Owen County State Bank 2115 W. 16th St. Bedford, IN 47421 Full Service B&M $2,702
    Owen County State Bank 2421 South Walnut Street Bloomington, IN 47401 Full Service B&M $30,122
    Owen County State Bank 34 E. Main St. Bloomfield, IN 47424 Full Service B&M $378
    Owen County State Bank 3419 West State Road 46 Bloomington, IN 47401 Full Service B&M $27,027
    Owen County State Bank West Main Street Gosport, IN 47433 Full Service B&M $14,477

    For 2021, Owen County State Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,560
    Net interest income $9,811
    Total noninterest income $2,036
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $545
    Trading account gains and fees $0
    Additional Noninterest Income $1,491
    Pre-tax net operating income $2,627
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,042
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,042
    Minority interest net income $0
    Net income $2,042
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,042

    Owen County State Bank's gross interest income from loans was $10,560,000.
    Owen County State Bank's net interest income from loans was $9,811,000.
    Owen County State Bank's fee based income from loans was $545,000.
    Owen County State Bank's net income from loans was $2,042,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $749
    Provision for credit losses $-40
    Total noninterest expense $9,260
    Salaries and employee benefits $5,587
    Premises and equipment expense $1,419
    Additional noninterest expense $2,254
    Applicable income taxes $585
    Net charge-offs $21
    Cash dividends $996

    Owen County State Bank's interest expense for loans was $749,000.
    Owen County State Bank's payroll and benefits expense were $5,587,000.
    Owen County State Bank's property, plant and equipment expenses $1,419,000.

    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 $305,041
    Deposits held in domestic offices $305,041
    Deposits by Individuals, partnerships, and corporations $235,704
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $69,153
    Deposits by Commercial banks and other depository institutions in U.S. $183
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $192,699
    Demand deposits $130,597
    Nontransaction accounts $112,341
    Money market deposit accounts (MMDAs) $27,349
    Other savings deposits (excluding MMDAs) $37,047
    Total time deposits $47,945
    Total time and savings deposits $174,443
    Noninterest-bearing deposits $72,285
    Interest-bearing deposits $232,756
    Retail deposits $296,610
    IRAs and Keogh plan accounts $10,269
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $345,463
    Cash & Balances due from depository institutions $48,411
    Interest-bearing balances $40,110
    Total securities $111,991
    Federal funds sold & reverse repurchase $0
    Net loans and leases $168,099
    Loan and leases loss allowance $2,092
    Trading account assets $0
    Bank premises and fixed assets $6,599
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $10,363

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $345,463
    Total Liabilities $315,850
    Total deposits $305,041
    Interest-bearing deposits $232,756
    Deposits held in domestic offices $305,041
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $9,000
    Subordinated debt $0
    All other liabilities $1,809

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $168,099
    Loan and leases loss allowance $2,092
    Total loans and leases (domestic) $170,191
    All real estate loans $148,976
    Real estate loans in domestic offices $148,976
    Construction and development loans $18,559
    Residential 1-4 family construction $5,641
    Other construction, all land development and other land $12,918
    Loans secured by nonfarm nonresidential properties $40,609
    Nonfarm nonresidential secured by owner-occupied properties $21,167
    Commercial real estate & other non-farm, non-residential $19,442
    Multifamily residential real estate $4,015
    1-4 family residential loans $83,647
    Farmland loans $2,146
    Loans held in foreign offices $0
    Farm loans $9
    Commercial and industrial loans $15,187
    To non-U.S. addressees $0
    Loans to individuals $6,016
    Credit card loans $0
    Related Plans $63
    Consumer Auto Loans $3,602
    Other loans to individuals $2,351
    All other loans & leases $32
    Loans to foreign governments and official institutions $0
    Other loans $32
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $27
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $874
    Non 1-4 family restructured loans & leases $874
    Total loans and leases (foreign) $0

    Owen County State Bank had $168,099,000 of loans outstanding in 2021. $148,976,000 of loans were in real estate loans. $18,559,000 of loans were in development loans. $4,015,000 of loans were in multifamily mortgage loans. $83,647,000 of loans were in 1-4 family mortgage loans. $9,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,602,000 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 143 $30,358 $212,294
    Nonfarm, nonresidential loans - <$100k 36 $1,510 $41,944
    Nonfarm, nonresidential loans - $100-250k 50 $7,300 $146,000
    Nonfarm, nonresidential loans - $250k-1MM 57 $21,548 $378,035
    Commercial & Industrial, US addressed loans - <$1MM 216 $10,692 $49,500
    Commercial & Industrial, US addressed loans - <$100k 166 $3,478 $20,952
    Commercial & Industrial, US addressed loans - $100-250k 33 $3,156 $95,636
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $4,058 $238,706
    Farmland loans - <$1MM 14 $1,412 $100,857
    Farmland loans - <$100k 6 $275 $45,833
    Farmland loans - $100-250k 5 $534 $106,800
    Farmland loans - $250k-1MM 3 $603 $201,000
    Agriculture operations loans - <$1MM 1 $9 $9,000
    Agriculture operations loans - <$100k 1 $9 $9,000