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 Refi and Home Purchase loans. Belmont Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wheeling, Punta Gorda, Cambridge, and Weirton 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 an average approval rate when compared to the average across all lenders. They have an above 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

    83

    Origination Dollar Volume (All Markets)

    $10,395,000

    Employee count

    57

    Awards

    Belmont Savings Bank 30 Year Conventional Loans gold Belmont Savings Bank 30 Year Conventional Loans gold
    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
    WHEELING, WV-OH (FHA|USDA|VA) 76 $9,020,000 $118,684 $1,429 4.62%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $955,000 $955,000 $0 5.25%
    Outside of Metro Areas 4 $300,000 $75,000 $1,484 4.41%
    Cambridge, OH (FHA|USDA|VA) 1 $105,000 $105,000 $875 3.50%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $15,000 $15,000 $1,385 6.00%
    Belmont Savings Bank's top markets include Wheeling, Punta Gorda, Cambridge, and Weirton among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Florida (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: 105
    BAYER HERITAGE
    Similarity Rank: 288
    United Bank
    Similarity Rank: 366
    WesBanco
    Similarity Rank: 1470
    Mortgage Research Center, LLC
    Similarity Rank: 1840
    Truist
    Similarity Rank: 4690
    JPMorgan Chase Bank
    Similarity Rank: 6062
    Flagstar Bank, FSB
    Similarity Rank: 7362
    The Huntington National Bank
    Similarity Rank: 7582

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 83 $10,395,000 $125,241 $1,424 4.62%

    For 2019, Belmont Savings Bank's most frequently originated type of loan was Conventional, with 83 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 40 $5,390,000 $134,750 $1,049 4.32%
    Home Purchase 26 $3,820,000 $146,923 $2,487 4.52%
    Home Improvement 10 $810,000 $81,000 $936 5.33%
    Other 7 $375,000 $53,571 $667 5.75%

    For 2019, Belmont Savings Bank's most frequently cited loan purpose was Refi, with 40 originations. The 2nd most popular reason was Home Purchase, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 40 $4,950,000 $123,750 $1,845 4.44%
    15 Year 26 $1,440,000 $55,385 $862 4.98%
    20 Year 12 $3,460,000 $288,333 $1,133 4.25%
    Other 3 $375,000 $125,000 $1,614 4.67%
    10 Year 1 $165,000 $165,000 $0 5.25%
    5 Year 1 $5,000 $5,000 $0 6.50%

    For 2019, Belmont Savings Bank's most frequently cited loan duration was 30 Year, with 40 originations. The 2nd most popular length was 15 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 71 $6,905,000 $97,254
    $5k+ 2 $550,000 $275,000
    $1k-2k 1 $85,000 $85,000
    $3k-4k 1 $145,000 $145,000

    Belmont Savings Bank's average total fees were $1,845, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 71 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 29 $3,645,000 $125,690
    4-5% 27 $3,595,000 $133,148
    5-6% 17 $2,815,000 $165,588
    6-7% 10 $340,000 $34,000

    During 2019, Belmont Savings Bank's average interest rate for loans was 4.44%, while their most frequently originated rate bucket for loans was 3-4%, with 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 48 $2,750,000 $57,292 $1,107 4.85%
    $100k-200k 23 $3,085,000 $134,130 $1,579 4.22%
    $200k-400k 10 $2,640,000 $264,000 $2,695 4.39%
    $600k-1MM 2 $1,920,000 $960,000 $0 4.98%

    2019 saw Belmont Savings Bank place emphasis on $100,000 or less loans with 48 originations, totaling $2,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 18 $1,330,000 $73,889 $1,199 4.61%
    $75k-100k 18 $1,850,000 $102,778 $1,420 4.63%
    $50k or less 16 $1,180,000 $73,750 $1,226 4.43%
    $100k-150k 13 $1,485,000 $114,231 $1,502 4.81%
    $150k-250k 9 $1,885,000 $209,444 $2,339 4.23%

    Belmont Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $75k-100k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 28 $3,410,000 $121,786 $1,572 4.62%
    30-36% 23 $2,385,000 $103,696 $1,466 4.47%
    <20% 16 $1,310,000 $81,875 $1,112 4.58%
    36% 2 $150,000 $75,000 $1,464 4.38%
    38% 1 $45,000 $45,000 $1,815 4.25%
    40% 1 $105,000 $105,000 $1,832 3.89%

    Belmont Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 28 originations. The next most common DTI ratio? 30-36%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 76 $7,900,000 $103,947 $1,434 4.56%
    Not applicable 5 $2,385,000 $477,000 $0 5.44%
    Black 2 $110,000 $55,000 $1,051 5.00%

    Approval Rates

    Total approvals of all applications
    75.00%

    Belmont Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    95.18%

    Belmont Savings Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 83 $10,395,000 $125,241

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,130,000 $565,000
    Single Family (1-4 Units):Manufactured 2 $100,000 $50,000
    Single Family (1-4 Units):Site-Built 79 $9,165,000 $116,013

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $280,000 $46,667 $709 4.75%
    40-60% 10 $1,130,000 $113,000 $1,755 4.51%
    60-80% 44 $6,030,000 $137,045 $1,495 4.51%
    80-100% 15 $2,675,000 $178,333 $1,710 4.55%
    Under 20% 8 $280,000 $35,000 $669 5.44%

    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 $129,057
    Belmont Savings Bank 298 Sthwy 7 Powhatan Point, OH 43942 Full Service B&M $24,193
    Belmont Savings Bank 3301 Guernsey Street Bellaire, OH 43906 Full Service B&M $81,818
    Belmont Savings Bank 915 East Main St Barnesville, OH 43713 Full Service B&M $52,202

    For 2019, Belmont Savings Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,038
    Net interest income $10,154
    Total noninterest income $444
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $304
    Trading account gains and fees $0
    Additional Noninterest Income $140
    Pre-tax net operating income $2,921
    Securities gains (or losses, -) $32
    Income before extraordinary items $2,371
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,371
    Minority interest net income $0
    Net income $2,371
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,345

    Belmont Savings Bank's gross interest income from loans was $13,038,000.
    Belmont Savings Bank's net interest income from loans was $10,154,000.
    Belmont Savings Bank's fee based income from loans was $304,000.
    Belmont Savings Bank's net income from loans was $2,371,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,884
    Provision for credit losses $0
    Total noninterest expense $7,677
    Salaries and employee benefits $3,966
    Premises and equipment expense $841
    Additional noninterest expense $2,870
    Applicable income taxes $582
    Net charge-offs $-78
    Cash dividends $0

    Belmont Savings Bank's interest expense for loans was $2,884,000.
    Belmont Savings Bank's payroll and benefits expense were $3,966,000.
    Belmont Savings Bank's property, plant and equipment expenses $841,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 4.0%
    Real Estate loans 4.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 7.0%
    HELOC loans 0.0%
    All other family 8.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 2.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $283,082
    Deposits held in domestic offices $283,082
    Deposits by Individuals, partnerships, and corporations $265,697
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $17,385
    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 $33,328
    Demand deposits $3,675
    Nontransaction accounts $249,754
    Money market deposit accounts (MMDAs) $32,981
    Other savings deposits (excluding MMDAs) $81,481
    Total time deposits $135,292
    Total time and savings deposits $279,407
    Noninterest-bearing deposits $3,676
    Interest-bearing deposits $279,406
    Retail deposits $262,313
    IRAs and Keogh plan accounts $25,835
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $376,994
    Cash & Balances due from depository institutions $5,716
    Interest-bearing balances $2,979
    Total securities $243,557
    Federal funds sold & reverse repurchase $0
    Net loans and leases $104,187
    Loan and leases loss allowance $1,700
    Trading account assets $0
    Bank premises and fixed assets $2,440
    Other real estate owned $109
    Goodwill and other intangibles $0
    All other assets $20,985

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $376,994
    Total Liabilities $304,617
    Total deposits $283,082
    Interest-bearing deposits $279,406
    Deposits held in domestic offices $283,082
    % insured (estimated) $95
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $16,350
    Subordinated debt $0
    All other liabilities $5,185

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $104,187
    Loan and leases loss allowance $1,700
    Total loans and leases (domestic) $105,887
    All real estate loans $91,152
    Real estate loans in domestic offices $91,152
    Construction and development loans $46
    Residential 1-4 family construction $43
    Other construction, all land development and other land $3
    Loans secured by nonfarm nonresidential properties $24,241
    Nonfarm nonresidential secured by owner-occupied properties $10,454
    Commercial real estate & other non-farm, non-residential $13,787
    Multifamily residential real estate $6,145
    1-4 family residential loans $60,720
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $6,284
    To non-U.S. addressees $0
    Loans to individuals $8,342
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,799
    Other loans to individuals $5,543
    All other loans & leases $109
    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 $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Belmont Savings Bank had $104,187,000 of loans outstanding in 2019. $91,152,000 of loans were in real estate loans. $46,000 of loans were in development loans. $6,145,000 of loans were in multifamily mortgage loans. $60,720,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,799,000 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 50 $9,452 $189,040
    Nonfarm, nonresidential loans - <$100k 17 $880 $51,765
    Nonfarm, nonresidential loans - $100-250k 17 $2,460 $144,706
    Nonfarm, nonresidential loans - $250k-1MM 16 $6,112 $382,000
    Commercial & Industrial, US addressed loans - <$1MM 71 $6,284 $88,507
    Commercial & Industrial, US addressed loans - <$100k 49 $1,490 $30,408
    Commercial & Industrial, US addressed loans - $100-250k 14 $1,836 $131,143
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $2,958 $369,750