Belmont Savings Bank Mortgage Rates, Fees & Info

Bellaire, OH

LEI: 5493002LFCYKY0EGSQ80

Tax ID: 34-0092790

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

Jump to:

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

    Belmont Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Belmont Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wheeling, Morgantown, Zanesville, and Chicago among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Belmont Savings Bank has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Belmont Savings Bank 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.

    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.


    Originations

    45

    Origination Dollar Volume (All Markets)

    $11,395,000

    Employee count

    57

    Awards

    Belmont Savings Bank 30 Year Conventional Loans bronze Belmont Savings Bank 30 Year Conventional Loans bronze
    Show all (2) awards

    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 1 $5,005,000 $5,005,000 $0 4.10%
    WHEELING, WV-OH (FHA|USDA|VA) 40 $4,030,000 $100,750 $2,283 4.99%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 5.50%
    Zanesville, OH (FHA|USDA|VA) 1 $605,000 $605,000 $0 5.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $450,000 $225,000 $0 4.25%
    Belmont Savings Bank's top markets include Wheeling, Morgantown, Zanesville, and Chicago among others.

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

    • Similar Lenders

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

    Belmont Savings Bank
    Similarity Rank: 35
    OHIO VALLEY COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 110
    BAYER HERITAGE
    Similarity Rank: 253
    United Bank
    Similarity Rank: 476
    Home Savings Bank
    Similarity Rank: 1014
    WesBanco
    Similarity Rank: 1445
    MORTGAGE SOLUTIONS OF COLORADO, LLC
    Similarity Rank: 3444
    Truist
    Similarity Rank: 4940
    Flagstar Bank, FSB
    Similarity Rank: 5292
    The Huntington National Bank
    Similarity Rank: 5352

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 45 $11,395,000 $253,222 $2,283 4.94%

    For 2018, Belmont Savings Bank's most frequently originated type of loan was Conventional, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 21 $2,455,000 $116,905 $2,679 4.94%
    Refi 16 $8,180,000 $511,250 $1,921 4.80%
    Home Improvement 5 $215,000 $43,000 $929 5.80%
    Other 3 $545,000 $181,667 $3,003 4.33%

    For 2018, Belmont Savings Bank's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 19 $2,375,000 $125,000 $2,620 4.68%
    15 Year 9 $1,975,000 $219,444 $1,055 5.25%
    20 Year 8 $6,390,000 $798,750 $1,705 5.00%
    10 Year 4 $130,000 $32,500 $1,710 4.88%
    Other 3 $315,000 $105,000 $2,391 4.75%
    1 Year 2 $210,000 $105,000 $0 6.25%

    For 2018, Belmont Savings Bank's most frequently cited loan duration was 30 Year, with 19 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 27 $2,695,000 $99,815
    $4k-5k 1 $175,000 $175,000

    Belmont Savings Bank's average total fees were $2,620, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 27 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 20 $7,810,000 $390,500
    5-6% 17 $2,665,000 $156,765
    3-4% 4 $840,000 $210,000
    6-7% 4 $80,000 $20,000

    During 2018, Belmont Savings Bank's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 4-5%, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 24 $1,140,000 $47,500 $1,656 5.17%
    $100k-200k 13 $1,795,000 $138,077 $2,872 4.83%
    $200k-400k 3 $685,000 $228,333 $3,133 4.25%
    $1MM+ 2 $6,310,000 $3,155,000 $0 4.80%
    $400k-600k 2 $860,000 $430,000 $4,348 4.20%
    $600k-1MM 1 $605,000 $605,000 $0 5.00%

    2018 saw Belmont Savings Bank place emphasis on $100,000 or less loans with 24 originations, totaling $1,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 11 $1,195,000 $108,636 $2,706 4.77%
    $50k-75k 10 $660,000 $66,000 $1,862 5.00%
    $50k or less 6 $280,000 $46,667 $1,563 5.50%
    $100k-150k 5 $1,065,000 $213,000 $2,642 4.55%
    $250k+ 2 $620,000 $310,000 $4,348 4.00%

    Belmont Savings Bank lent most frequently to those with incomes in the $75k-100k range, with 11 originations. The second most popular income band? $50k-75k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 14 $1,550,000 $110,714 $2,452 4.55%
    <20% 10 $1,120,000 $112,000 $2,346 4.83%
    30-36% 5 $275,000 $55,000 $1,662 5.55%
    36% 1 $65,000 $65,000 $1,754 4.25%
    43% 1 $145,000 $145,000 $2,621 5.50%

    Belmont Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? <20%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 11 $7,575,000 $688,636 $0 5.11%
    White 34 $3,820,000 $112,353 $2,283 4.89%

    Approval Rates

    Total approvals of all applications
    61.45%

    Belmont Savings Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    88.89%

    Belmont Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 45 $11,395,000 $253,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $6,310,000 $3,155,000
    Single Family (1-4 Units):Manufactured 6 $490,000 $81,667
    Single Family (1-4 Units):Site-Built 37 $4,595,000 $124,189

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $260,000 $130,000 $235 5.38%
    40-60% 10 $680,000 $68,000 $1,927 4.75%
    60-80% 25 $9,135,000 $365,400 $2,562 4.89%
    80-100% 5 $1,265,000 $253,000 $2,779 4.40%
    Under 20% 3 $55,000 $18,333 $225 6.67%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Belmont Savings Bank 215 West Main Street St. Clairsville, OH 43950 Full Service B&M $127,758
    Belmont Savings Bank 298 Sthwy 7 Powhatan Point, OH 43942 Full Service B&M $23,802
    Belmont Savings Bank 3301 Guernsey Street Bellaire, OH 43906 Full Service B&M $85,663
    Belmont Savings Bank 915 East Main St Barnesville, OH 43713 Full Service B&M $52,491

    For 2018, Belmont Savings Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,492
    Net interest income $10,915
    Total noninterest income $551
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $291
    Trading account gains and fees $0
    Additional Noninterest Income $260
    Pre-tax net operating income $2,915
    Securities gains (or losses, -) $-17
    Income before extraordinary items $2,338
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,338
    Minority interest net income $0
    Net income $2,338
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,351

    Belmont Savings Bank's gross interest income from loans was $13,492,000.
    Belmont Savings Bank's net interest income from loans was $10,915,000.
    Belmont Savings Bank's fee based income from loans was $291,000.
    Belmont Savings Bank's net income from loans was $2,338,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,577
    Provision for credit losses $0
    Total noninterest expense $8,551
    Salaries and employee benefits $3,453
    Premises and equipment expense $812
    Additional noninterest expense $4,286
    Applicable income taxes $560
    Net charge-offs $-92
    Cash dividends $0

    Belmont Savings Bank's interest expense for loans was $2,577,000.
    Belmont Savings Bank's payroll and benefits expense were $3,453,000.
    Belmont Savings Bank's property, plant and equipment expenses $812,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $289,319
    Deposits held in domestic offices $289,319
    Deposits by Individuals, partnerships, and corporations $278,011
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,307
    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 $35,729
    Demand deposits $6,375
    Nontransaction accounts $253,589
    Money market deposit accounts (MMDAs) $32,537
    Other savings deposits (excluding MMDAs) $85,138
    Total time deposits $135,913
    Total time and savings deposits $282,943
    Noninterest-bearing deposits $35,730
    Interest-bearing deposits $253,589
    Retail deposits $268,423
    IRAs and Keogh plan accounts $27,990
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $379,523
    Cash & Balances due from depository institutions $5,116
    Interest-bearing balances $562
    Total securities $270,977
    Federal funds sold & reverse repurchase $0
    Net loans and leases $88,753
    Loan and leases loss allowance $1,623
    Trading account assets $0
    Bank premises and fixed assets $1,671
    Other real estate owned $30
    Goodwill and other intangibles $0
    All other assets $12,976

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $379,523
    Total Liabilities $315,155
    Total deposits $289,319
    Interest-bearing deposits $253,589
    Deposits held in domestic offices $289,319
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $19,832
    Subordinated debt $0
    All other liabilities $6,004

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $88,753
    Loan and leases loss allowance $1,623
    Total loans and leases (domestic) $90,376
    All real estate loans $79,690
    Real estate loans in domestic offices $79,690
    Construction and development loans $0
    Residential 1-4 family construction $0
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $25,633
    Nonfarm nonresidential secured by owner-occupied properties $20,448
    Commercial real estate & other non-farm, non-residential $5,185
    Multifamily residential real estate $0
    1-4 family residential loans $54,057
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $5,377
    To non-U.S. addressees $0
    Loans to individuals $5,296
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,777
    Other loans to individuals $2,519
    All other loans & leases $13
    Loans to foreign governments and official institutions $0
    Other loans $13
    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 $20
    Non 1-4 family restructured loans & leases $20
    Total loans and leases (foreign) $0

    Belmont Savings Bank had $88,753,000 of loans outstanding in 2018. $79,690,000 of loans were in real estate loans. $0 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $54,057,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,777,000 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 59 $11,047 $187,237
    Nonfarm, nonresidential loans - <$100k 24 $1,159 $48,292
    Nonfarm, nonresidential loans - $100-250k 18 $2,933 $162,944
    Nonfarm, nonresidential loans - $250k-1MM 17 $6,955 $409,118
    Commercial & Industrial, US addressed loans - <$1MM 37 $2,883 $77,919
    Commercial & Industrial, US addressed loans - <$100k 28 $1,087 $38,821
    Commercial & Industrial, US addressed loans - $100-250k 6 $865 $144,167
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $931 $310,333