The Savings Bank Mortgage Rates, Fees & Info

Circleville, OH

LEI: 5493002RL75O2Y62Z184

Tax ID: 31-4147910

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Mortgage Data

Bank Data

Review & Overview

The Savings Bank is a smaller bank specializing in Home Purchase loans. The Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Cincinnati, Huntington, Youngstown, and Tampa among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

161

Origination Dollar Volume (All Markets)

$25,385,000

Employee count

74

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
COLUMBUS, OH (FHA|USDA|VA) 146 $23,510,000 $161,027 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Washington Court House, OH (FHA|USDA|VA) 3 $225,000 $75,000 $0 0.00%
SPRINGFIELD, OH (FHA|USDA|VA) 2 $170,000 $85,000 $0 0.00%
Outside of Metro Areas 1 $115,000 $115,000 $0 0.00%
Chillicothe, OH (FHA|USDA|VA) 3 $115,000 $38,333 $0 0.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Urbana, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
The Savings Bank's top markets include Columbus, Cincinnati, Huntington, Youngstown, and Tampa among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 161 $25,385,000 $157,671 $0 0.00%

    For 2018, The Savings Bank's most frequently originated type of loan was Conventional, with 161 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 88 $16,340,000 $185,682 $0 0.00%
    Cash Out Refi 41 $4,895,000 $119,390 $0 0.00%
    Refi 21 $2,805,000 $133,571 $0 0.00%
    Home Improvement 9 $1,215,000 $135,000 $0 0.00%
    Other 2 $130,000 $65,000 $0 0.00%

    For 2018, The Savings Bank's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 161 $25,385,000 $157,671 $0 0.00%

    For 2018, The Savings Bank's most frequently cited loan duration was Other, with 161 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 72 $4,550,000 $63,194 $0 0.00%
    $100k-200k 48 $7,000,000 $145,833 $0 0.00%
    $200k-400k 35 $9,485,000 $271,000 $0 0.00%
    $400k-600k 3 $1,375,000 $458,333 $0 0.00%
    $600k-1MM 2 $1,470,000 $735,000 $0 0.00%
    $1MM+ 1 $1,505,000 $1,505,000 $0 0.00%

    2018 saw The Savings Bank place emphasis on $100,000 or less loans with 72 originations, totaling $4,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 31 $2,485,000 $80,161 $0 0.00%
    $75k-100k 27 $4,615,000 $170,926 $0 0.00%
    $50k-75k 25 $4,515,000 $180,600 $0 0.00%
    $100k-150k 23 $3,535,000 $153,696 $0 0.00%
    $150k-250k 18 $3,470,000 $192,778 $0 0.00%
    $250k+ 9 $1,675,000 $186,111 $0 0.00%

    The Savings Bank lent most frequently to those with incomes in the $50k or less range, with 31 originations. The second most popular income band? $75k-100k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 161 $25,385,000 $157,671 $0 0.00%

    The Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 161 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 137 $20,905,000 $152,591 $0 0.00%
    Not applicable 23 $4,215,000 $183,261 $0 0.00%
    Not provided 1 $265,000 $265,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.24%

    The Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.68%

    The Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 161 $25,385,000 $157,671

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $115,000 $115,000
    Single Family (1-4 Units):Manufactured 3 $245,000 $81,667
    Single Family (1-4 Units):Site-Built 157 $25,025,000 $159,395

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    TCF NATIONAL BANK Conventional home mortgage Struggling to pay mortgage 1 10.0%
    TCF NATIONAL BANK Conventional home mortgage Trouble during payment process 2 20.0%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 10.0%
    TCF NATIONAL BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 10.0%
    TCF NATIONAL BANK Other type of mortgage Struggling to pay mortgage 1 10.0%
    TCF NATIONAL BANK Other type of mortgage Trouble during payment process 4 40.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Savings Bank 1104 Eagleton Boulevard, Unit P London, OH 43140 Full Service B&M $9,992
    The Savings Bank 118-120 North Court Street Circleville, OH 43113 Full Service B&M $220,050
    The Savings Bank 200 South Water Street Williamsport, OH 43164 Full Service B&M $43,298
    The Savings Bank 201 North Court Street Circleville, OH 43113 Limited, Drive-thru $0
    The Savings Bank 501 Long Street Ashville, OH 43103 Full Service B&M $34,803

    For 2018, The Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,910
    Net interest income $11,165
    Total noninterest income $1,527
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $422
    Trading account gains and fees $0
    Additional Noninterest Income $1,105
    Pre-tax net operating income $3,146
    Securities gains (or losses, -) $2
    Income before extraordinary items $2,716
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,716
    Minority interest net income $0
    Net income $2,716
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,714

    The Savings Bank's gross interest income from loans was $12,910,000.
    The Savings Bank's net interest income from loans was $11,165,000.
    The Savings Bank's fee based income from loans was $422,000.
    The Savings Bank's net income from loans was $2,716,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,745
    Provision for credit losses $0
    Total noninterest expense $9,546
    Salaries and employee benefits $4,742
    Premises and equipment expense $1,239
    Additional noninterest expense $3,565
    Applicable income taxes $432
    Net charge-offs $61
    Cash dividends $1,297

    The Savings Bank's interest expense for loans was $1,745,000.
    The Savings Bank's payroll and benefits expense were $4,742,000.
    The Savings Bank's property, plant and equipment expenses $1,239,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $299,762
    Deposits held in domestic offices $299,762
    Deposits by Individuals, partnerships, and corporations $248,413
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $51,349
    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 $90,136
    Demand deposits $56,279
    Nontransaction accounts $209,626
    Money market deposit accounts (MMDAs) $58,522
    Other savings deposits (excluding MMDAs) $58,923
    Total time deposits $92,181
    Total time and savings deposits $243,483
    Noninterest-bearing deposits $56,279
    Interest-bearing deposits $243,483
    Retail deposits $280,249
    IRAs and Keogh plan accounts $13,691
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $341,225
    Cash & Balances due from depository institutions $9,464
    Interest-bearing balances $6,545
    Total securities $97,834
    Federal funds sold & reverse repurchase $4,620
    Net loans and leases $207,713
    Loan and leases loss allowance $2,129
    Trading account assets $0
    Bank premises and fixed assets $8,701
    Other real estate owned $0
    Goodwill and other intangibles $76
    All other assets $12,817

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $341,225
    Total Liabilities $303,856
    Total deposits $299,762
    Interest-bearing deposits $243,483
    Deposits held in domestic offices $299,762
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,141
    Subordinated debt $0
    All other liabilities $2,953

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $207,713
    Loan and leases loss allowance $2,129
    Total loans and leases (domestic) $209,842
    All real estate loans $164,635
    Real estate loans in domestic offices $164,635
    Construction and development loans $7,416
    Residential 1-4 family construction $1,109
    Other construction, all land development and other land $6,307
    Loans secured by nonfarm nonresidential properties $29,089
    Nonfarm nonresidential secured by owner-occupied properties $16,646
    Commercial real estate & other non-farm, non-residential $12,443
    Multifamily residential real estate $1,515
    1-4 family residential loans $123,063
    Farmland loans $3,552
    Loans held in foreign offices $0
    Farm loans $1,277
    Commercial and industrial loans $28,039
    To non-U.S. addressees $0
    Loans to individuals $15,425
    Credit card loans $0
    Related Plans $169
    Consumer Auto Loans $5,247
    Other loans to individuals $10,009
    All other loans & leases $466
    Loans to foreign governments and official institutions $0
    Other loans $20
    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 $1,983
    Non 1-4 family restructured loans & leases $196
    Total loans and leases (foreign) $0

    The Savings Bank had $207,713,000 of loans outstanding in 2018. $164,635,000 of loans were in real estate loans. $7,416,000 of loans were in development loans. $1,515,000 of loans were in multifamily mortgage loans. $123,063,000 of loans were in 1-4 family mortgage loans. $1,277,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,247,000 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 106 $19,369 $182,726
    Nonfarm, nonresidential loans - <$100k 23 $823 $35,783
    Nonfarm, nonresidential loans - $100-250k 47 $5,960 $126,809
    Nonfarm, nonresidential loans - $250k-1MM 36 $12,586 $349,611
    Commercial & Industrial, US addressed loans - <$1MM 232 $18,174 $78,336
    Commercial & Industrial, US addressed loans - <$100k 177 $4,341 $24,525
    Commercial & Industrial, US addressed loans - $100-250k 33 $3,741 $113,364
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $10,092 $458,727
    Farmland loans - <$1MM 13 $1,741 $133,923
    Farmland loans - <$100k 5 $132 $26,400
    Farmland loans - $100-250k 2 $287 $143,500
    Farmland loans - $250k-1MM 6 $1,322 $220,333
    Agriculture operations loans - <$1MM 8 $613 $76,625
    Agriculture operations loans - <$100k 6 $224 $37,333
    Agriculture operations loans - $100-250k 1 $161 $161,000
    Agriculture operations loans - $250k-1MM 1 $228 $228,000