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

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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, Springfield, Pittsburgh, Weirton, and Cambridge among others. We have data for 6 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 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.

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    Originations

    127

    Origination Dollar Volume (All Markets)

    $19,225,000

    Employee count

    52

    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) 116 $16,750,000 $144,397 $1,484 3.96%
    Outside of Metro Areas 6 $880,000 $146,667 $2,296 3.68%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $665,000 $665,000 $0 3.89%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $605,000 $605,000 $5,146 4.25%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 2 $230,000 $115,000 $4,340 4.00%
    Cambridge, OH (FHA|USDA|VA) 1 $95,000 $95,000 $840 5.50%
    Belmont Savings Bank's top markets include Wheeling, Springfield, Pittsburgh, Weirton, and Cambridge among others.

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

    Community Bank
    Similarity Rank: 98
    Belmont Savings Bank
    Similarity Rank: 102
    OHIO VALLEY COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 108
    United Bank
    Similarity Rank: 450
    BAYER HERITAGE
    Similarity Rank: 525
    WesBanco
    Similarity Rank: 2232
    Mortgage Research Center, LLC
    Similarity Rank: 2763
    T2 FINANCIAL LLC
    Similarity Rank: 4431
    DAS Acquisition Company, LLC
    Similarity Rank: 6570
    Truist
    Similarity Rank: 7172

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 127 $19,225,000 $151,378 $1,574 3.96%

    For 2020, Belmont Savings Bank's most frequently originated type of loan was Conventional, with 127 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 79 $12,235,000 $154,873 $1,315 3.80%
    Home Purchase 37 $6,125,000 $165,541 $2,521 4.16%
    Other 7 $585,000 $83,571 $942 4.06%
    Home Improvement 4 $280,000 $70,000 $641 5.04%

    For 2020, Belmont Savings Bank's most frequently cited loan purpose was Refi, with 79 originations. The 2nd most popular reason was Home Purchase, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 61 $10,935,000 $179,262 $1,858 4.17%
    15 Year 31 $3,475,000 $112,097 $1,190 3.78%
    20 Year 18 $2,800,000 $155,556 $1,540 3.72%
    Other 14 $1,800,000 $128,571 $1,288 3.89%
    10 Year 3 $215,000 $71,667 $1,135 3.25%

    For 2020, Belmont Savings Bank's most frequently cited loan duration was 30 Year, with 61 originations. The 2nd most popular length was 15 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 113 $16,425,000 $145,354
    $2k-3k 5 $1,315,000 $263,000
    $1k-2k 1 $115,000 $115,000

    Belmont Savings Bank's average total fees were $1,858, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 113 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 100 $16,050,000 $160,500
    4-5% 15 $1,745,000 $116,333
    5-6% 9 $1,235,000 $137,222
    6-7% 3 $195,000 $65,000

    During 2020, Belmont Savings Bank's average interest rate for loans was 4.17%, while their most frequently originated rate bucket for loans was 3-4%, with 100 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 51 $6,545,000 $128,333 $1,569 3.97%
    $100,000 or less 45 $2,805,000 $62,333 $1,214 4.01%
    $200k-400k 26 $6,770,000 $260,385 $1,753 3.87%
    $600k-1MM 3 $2,035,000 $678,333 $4,448 3.80%
    $400k-600k 2 $1,070,000 $535,000 $3,892 3.89%

    2020 saw Belmont Savings Bank place emphasis on $100k-200k loans with 51 originations, totaling $6,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $4,770,000 $170,357 $1,779 4.04%
    $50k-75k 26 $3,030,000 $116,538 $1,372 3.91%
    $50k or less 22 $1,760,000 $80,000 $1,510 4.11%
    $75k-100k 21 $2,475,000 $117,857 $1,427 3.75%
    $150k-250k 16 $3,680,000 $230,000 $1,749 3.93%
    $250k+ 3 $1,665,000 $555,000 $2,661 3.46%

    Belmont Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $50k-75k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 42 $5,960,000 $141,905 $1,530 3.87%
    30-36% 25 $3,695,000 $147,800 $1,726 3.96%
    <20% 22 $3,320,000 $150,909 $1,604 3.87%
    42% 6 $1,170,000 $195,000 $1,465 4.23%
    40% 5 $535,000 $107,000 $1,417 4.13%
    39% 4 $930,000 $232,500 $1,308 3.76%
    36% 3 $335,000 $111,667 $1,380 4.59%
    37% 3 $575,000 $191,667 $2,857 3.76%
    38% 2 $180,000 $90,000 $840 4.70%
    41% 1 $215,000 $215,000 $1,345 3.89%
    44% 1 $135,000 $135,000 $2,566 3.89%
    46% 1 $135,000 $135,000 $1,315 3.50%
    50-60% 1 $195,000 $195,000 $1,225 3.75%

    Belmont Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 42 originations. The next most common DTI ratio? 30-36%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 118 $17,790,000 $150,763 $1,572 3.92%
    Not applicable 8 $1,370,000 $171,250 $0 4.33%
    Black 1 $65,000 $65,000 $1,807 5.50%

    Approval Rates

    Total approvals of all applications
    78.65%

    Belmont Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    89.76%

    Belmont Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 127 $19,225,000 $151,378

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $75,000 $75,000
    Single Family (1-4 Units):Manufactured 4 $250,000 $62,500
    Single Family (1-4 Units):Site-Built 122 $18,900,000 $154,918

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $535,000 $76,429 $966 3.91%
    40-60% 14 $1,340,000 $95,714 $1,261 3.65%
    60-80% 64 $9,180,000 $143,438 $1,503 3.91%
    80-100% 40 $8,100,000 $202,500 $1,987 4.03%
    Under 20% 2 $70,000 $35,000 $370 6.50%

    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 $135,425
    Belmont Savings Bank 298 Sthwy 7 Powhatan Point, OH 43942 Full Service B&M $25,802
    Belmont Savings Bank 3301 Guernsey Street Bellaire, OH 43906 Full Service B&M $78,069
    Belmont Savings Bank 915 East Main St Barnesville, OH 43713 Full Service B&M $52,920

    For 2020, Belmont Savings Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,871
    Net interest income $9,138
    Total noninterest income $539
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $299
    Trading account gains and fees $0
    Additional Noninterest Income $240
    Pre-tax net operating income $1,835
    Securities gains (or losses, -) $-5
    Income before extraordinary items $1,682
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,682
    Minority interest net income $0
    Net income $1,682
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,686

    Belmont Savings Bank's gross interest income from loans was $11,871,000.
    Belmont Savings Bank's net interest income from loans was $9,138,000.
    Belmont Savings Bank's fee based income from loans was $299,000.
    Belmont Savings Bank's net income from loans was $1,682,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,733
    Provision for credit losses $0
    Total noninterest expense $7,842
    Salaries and employee benefits $4,313
    Premises and equipment expense $815
    Additional noninterest expense $2,714
    Applicable income taxes $148
    Net charge-offs $23
    Cash dividends $0

    Belmont Savings Bank's interest expense for loans was $2,733,000.
    Belmont Savings Bank's payroll and benefits expense were $4,313,000.
    Belmont Savings Bank's property, plant and equipment expenses $815,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 5.0%
    HELOC loans 0.0%
    All other family 5.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $303,710
    Deposits held in domestic offices $303,710
    Deposits by Individuals, partnerships, and corporations $286,756
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $16,954
    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 $46,753
    Demand deposits $9,336
    Nontransaction accounts $256,957
    Money market deposit accounts (MMDAs) $43,788
    Other savings deposits (excluding MMDAs) $88,179
    Total time deposits $124,990
    Total time and savings deposits $294,374
    Noninterest-bearing deposits $9,336
    Interest-bearing deposits $294,374
    Retail deposits $282,767
    IRAs and Keogh plan accounts $24,911
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $413,302
    Cash & Balances due from depository institutions $10,637
    Interest-bearing balances $8,459
    Total securities $243,036
    Federal funds sold & reverse repurchase $0
    Net loans and leases $131,563
    Loan and leases loss allowance $1,677
    Trading account assets $0
    Bank premises and fixed assets $2,912
    Other real estate owned $79
    Goodwill and other intangibles $0
    All other assets $25,075

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $413,302
    Total Liabilities $333,405
    Total deposits $303,710
    Interest-bearing deposits $294,374
    Deposits held in domestic offices $303,710
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $24,100
    Subordinated debt $0
    All other liabilities $5,595

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $131,563
    Loan and leases loss allowance $1,677
    Total loans and leases (domestic) $133,240
    All real estate loans $104,539
    Real estate loans in domestic offices $104,539
    Construction and development loans $1,395
    Residential 1-4 family construction $886
    Other construction, all land development and other land $509
    Loans secured by nonfarm nonresidential properties $27,508
    Nonfarm nonresidential secured by owner-occupied properties $13,424
    Commercial real estate & other non-farm, non-residential $14,084
    Multifamily residential real estate $5,937
    1-4 family residential loans $69,699
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $18,931
    To non-U.S. addressees $0
    Loans to individuals $9,687
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,447
    Other loans to individuals $5,240
    All other loans & leases $83
    Loans to foreign governments and official institutions $0
    Other loans $12
    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 $11
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Belmont Savings Bank had $131,563,000 of loans outstanding in 2020. $104,539,000 of loans were in real estate loans. $1,395,000 of loans were in development loans. $5,937,000 of loans were in multifamily mortgage loans. $69,699,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $4,447,000 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 56 $10,200 $182,143
    Nonfarm, nonresidential loans - <$100k 18 $786 $43,667
    Nonfarm, nonresidential loans - $100-250k 21 $3,153 $150,143
    Nonfarm, nonresidential loans - $250k-1MM 17 $6,261 $368,294
    Commercial & Industrial, US addressed loans - <$1MM 256 $17,288 $67,531
    Commercial & Industrial, US addressed loans - <$100k 198 $5,606 $28,313
    Commercial & Industrial, US addressed loans - $100-250k 40 $4,970 $124,250
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $6,712 $372,889