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, Morgantown, Cambridge, Weirton, and Columbus among others. We have data for 9 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.

    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

    231

    Origination Dollar Volume (All Markets)

    $37,835,000

    Employee count

    56

    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) 201 $32,355,000 $160,970 $0 0.00%
    Outside of Metro Areas 14 $1,890,000 $135,000 $0 0.00%
    MORGANTOWN, WV (FHA|USDA|VA) 2 $830,000 $415,000 $0 0.00%
    Cambridge, OH (FHA|USDA|VA) 3 $715,000 $238,333 $0 0.00%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 7 $605,000 $86,429 $0 0.00%
    COLUMBUS, OH (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Belmont Savings Bank's top markets include Wheeling, Morgantown, Cambridge, Weirton, and Columbus among others.

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

    Community Bank
    Similarity Rank: 84
    BAYER HERITAGE
    Similarity Rank: 399
    United Bank
    Similarity Rank: 776
    DEVELOPER'S MORTGAGE COMPANY
    Similarity Rank: 1170
    WesBanco
    Similarity Rank: 2268
    POLARIS HOME FUNDING CORP.
    Similarity Rank: 3003
    Mortgage Research Center, LLC
    Similarity Rank: 3692
    MORTGAGE SOLUTIONS OF COLORADO, LLC
    Similarity Rank: 5160
    Truist
    Similarity Rank: 5328
    PNC Bank
    Similarity Rank: 9789

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 231 $37,835,000 $163,788 $0 0.00%

    For 2021, Belmont Savings Bank's most frequently originated type of loan was Conventional, with 231 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 155 $25,495,000 $164,484 $0 0.00%
    Home Purchase 64 $11,380,000 $177,813 $0 0.00%
    Home Improvement 7 $545,000 $77,857 $0 0.00%
    Other 5 $415,000 $83,000 $0 0.00%

    For 2021, Belmont Savings Bank's most frequently cited loan purpose was Refi, with 155 originations. The 2nd most popular reason was Home Purchase, with 64 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 231 $37,835,000 $163,788 $0 0.00%

    For 2021, Belmont Savings Bank's most frequently cited loan duration was Other, with 231 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 95 $13,615,000 $143,316 $0 0.00%
    $100,000 or less 75 $5,005,000 $66,733 $0 0.00%
    $200k-400k 52 $13,690,000 $263,269 $0 0.00%
    $600k-1MM 5 $3,705,000 $741,000 $0 0.00%
    $400k-600k 4 $1,820,000 $455,000 $0 0.00%

    2021 saw Belmont Savings Bank place emphasis on $100k-200k loans with 95 originations, totaling $13,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 46 $8,970,000 $195,000 $0 0.00%
    $50k or less 46 $3,950,000 $85,870 $0 0.00%
    $75k-100k 46 $6,440,000 $140,000 $0 0.00%
    $50k-75k 45 $5,525,000 $122,778 $0 0.00%
    $150k-250k 25 $7,095,000 $283,800 $0 0.00%
    $250k+ 4 $1,810,000 $452,500 $0 0.00%

    Belmont Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 46 originations. The second most popular income band? $50k or less, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 231 $37,835,000 $163,788 $0 0.00%

    Belmont Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 231 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 218 $34,960,000 $160,367 $0 0.00%
    Not applicable 11 $2,555,000 $232,273 $0 0.00%
    Black 2 $320,000 $160,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.67%

    Belmont Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.18%

    Belmont Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 231 $37,835,000 $163,788

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    231 $37,835,000 $163,788

    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 $148,911
    Belmont Savings Bank 298 Sthwy 7 Powhatan Point, OH 43942 Full Service B&M $28,604
    Belmont Savings Bank 3301 Guernsey Street Bellaire, OH 43906 Full Service B&M $88,503
    Belmont Savings Bank 915 East Main St Barnesville, OH 43713 Full Service B&M $54,694

    For 2021, Belmont Savings Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,148
    Net interest income $10,360
    Total noninterest income $755
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $363
    Trading account gains and fees $0
    Additional Noninterest Income $392
    Pre-tax net operating income $3,214
    Securities gains (or losses, -) $-33
    Income before extraordinary items $2,843
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,843
    Minority interest net income $0
    Net income $2,843
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,872

    Belmont Savings Bank's gross interest income from loans was $12,148,000.
    Belmont Savings Bank's net interest income from loans was $10,360,000.
    Belmont Savings Bank's fee based income from loans was $363,000.
    Belmont Savings Bank's net income from loans was $2,843,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,788
    Provision for credit losses $0
    Total noninterest expense $7,901
    Salaries and employee benefits $4,012
    Premises and equipment expense $591
    Additional noninterest expense $3,298
    Applicable income taxes $338
    Net charge-offs $-89
    Cash dividends $0

    Belmont Savings Bank's interest expense for loans was $1,788,000.
    Belmont Savings Bank's payroll and benefits expense were $4,012,000.
    Belmont Savings Bank's property, plant and equipment expenses $591,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $326,969
    Deposits held in domestic offices $326,969
    Deposits by Individuals, partnerships, and corporations $296,163
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $30,806
    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 $58,524
    Demand deposits $14,445
    Nontransaction accounts $268,445
    Money market deposit accounts (MMDAs) $55,102
    Other savings deposits (excluding MMDAs) $110,241
    Total time deposits $103,102
    Total time and savings deposits $312,524
    Noninterest-bearing deposits $15,150
    Interest-bearing deposits $311,819
    Retail deposits $309,232
    IRAs and Keogh plan accounts $24,370
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $427,725
    Cash & Balances due from depository institutions $14,092
    Interest-bearing balances $11,979
    Total securities $221,084
    Federal funds sold & reverse repurchase $0
    Net loans and leases $159,361
    Loan and leases loss allowance $1,766
    Trading account assets $0
    Bank premises and fixed assets $2,907
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $30,281

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $427,725
    Total Liabilities $347,951
    Total deposits $326,969
    Interest-bearing deposits $311,819
    Deposits held in domestic offices $326,969
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $14,250
    Subordinated debt $0
    All other liabilities $6,732

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $159,361
    Loan and leases loss allowance $1,766
    Total loans and leases (domestic) $161,127
    All real estate loans $133,943
    Real estate loans in domestic offices $133,943
    Construction and development loans $1,396
    Residential 1-4 family construction $1,185
    Other construction, all land development and other land $211
    Loans secured by nonfarm nonresidential properties $31,446
    Nonfarm nonresidential secured by owner-occupied properties $16,014
    Commercial real estate & other non-farm, non-residential $15,432
    Multifamily residential real estate $5,984
    1-4 family residential loans $95,117
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $13,780
    To non-U.S. addressees $0
    Loans to individuals $12,183
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $6,957
    Other loans to individuals $5,226
    All other loans & leases $1,221
    Loans to foreign governments and official institutions $0
    Other loans $6
    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 $159,361,000 of loans outstanding in 2021. $133,943,000 of loans were in real estate loans. $1,396,000 of loans were in development loans. $5,984,000 of loans were in multifamily mortgage loans. $95,117,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $6,957,000 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 63 $10,731 $170,333
    Nonfarm, nonresidential loans - <$100k 21 $904 $43,048
    Nonfarm, nonresidential loans - $100-250k 23 $3,199 $139,087
    Nonfarm, nonresidential loans - $250k-1MM 19 $6,628 $348,842
    Commercial & Industrial, US addressed loans - <$1MM 203 $12,537 $61,759
    Commercial & Industrial, US addressed loans - <$100k 157 $3,788 $24,127
    Commercial & Industrial, US addressed loans - $100-250k 30 $3,656 $121,867
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $5,093 $318,313