The Savings Bank Mortgage Rates, Fees & Info

Circleville, OH

LEI: 5493002RL75O2Y62Z184

Tax ID: 31-4147910

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    The Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. The Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Zanesville, Chillicothe, Orlando, and Springfield among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The 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.

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    Originations

    216

    Origination Dollar Volume (All Markets)

    $51,680,000

    Employee count

    73

    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) 201 $48,605,000 $241,816 $0 0.00%
    Zanesville, OH (FHA|USDA|VA) 2 $1,610,000 $805,000 $0 0.00%
    Chillicothe, OH (FHA|USDA|VA) 9 $1,025,000 $113,889 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Urbana, OH (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Washington Court House, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    The Savings Bank's top markets include Columbus, Zanesville, Chillicothe, Orlando, and Springfield 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 216 $51,680,000 $239,259 $0 0.00%

    For 2019, The Savings Bank's most frequently originated type of loan was Conventional, with 216 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 133 $33,735,000 $253,647 $0 0.00%
    Refi 65 $16,095,000 $247,615 $0 0.00%
    Cash Out Refi 9 $1,265,000 $140,556 $0 0.00%
    Other 5 $385,000 $77,000 $0 0.00%
    Home Improvement 4 $200,000 $50,000 $0 0.00%

    For 2019, The Savings Bank's most frequently cited loan purpose was Home Purchase, with 133 originations. The 2nd most popular reason was Refi, with 65 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 216 $51,680,000 $239,259 $0 0.00%

    For 2019, The Savings Bank's most frequently cited loan duration was Other, with 216 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 67 $9,935,000 $148,284 $0 0.00%
    $100,000 or less 61 $4,065,000 $66,639 $0 0.00%
    $200k-400k 58 $17,300,000 $298,276 $0 0.00%
    $600k-1MM 16 $11,220,000 $701,250 $0 0.00%
    $400k-600k 11 $5,495,000 $499,545 $0 0.00%
    $1MM+ 3 $3,665,000 $1,221,667 $0 0.00%

    2019 saw The Savings Bank place emphasis on $100k-200k loans with 67 originations, totaling $9,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 43 $5,615,000 $130,581 $0 0.00%
    $75k-100k 26 $4,200,000 $161,538 $0 0.00%
    $50k or less 25 $2,085,000 $83,400 $0 0.00%
    $100k-150k 22 $5,240,000 $238,182 $0 0.00%
    $150k-250k 14 $4,130,000 $295,000 $0 0.00%
    $250k+ 11 $2,465,000 $224,091 $0 0.00%

    The Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 43 originations. The second most popular income band? $75k-100k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 216 $51,680,000 $239,259 $0 0.00%

    The Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 216 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 73 $27,045,000 $370,479 $0 0.00%
    White 129 $22,685,000 $175,853 $0 0.00%
    Not provided 9 $1,355,000 $150,556 $0 0.00%
    Asian 2 $290,000 $145,000 $0 0.00%
    Black 2 $230,000 $115,000 $0 0.00%
    American Indian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.59%

    The Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.43%

    The Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 216 $51,680,000 $239,259

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 20 $11,050,000 $552,500
    Single Family (1-4 Units):Manufactured 6 $750,000 $125,000
    Single Family (1-4 Units):Site-Built 190 $39,880,000 $209,895

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TCF NATIONAL BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 17.6%
    TCF NATIONAL BANK Conventional home mortgage Struggling to pay mortgage 6 35.3%
    TCF NATIONAL BANK Conventional home mortgage Trouble during payment process 2 11.8%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 5.9%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 1 5.9%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Trouble during payment process 3 17.6%
    TCF NATIONAL BANK Other type of mortgage Trouble during payment process 1 5.9%

    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 $9,409
    The Savings Bank 118-120 North Court Street Circleville, OH 43113 Full Service B&M $222,237
    The Savings Bank 200 South Water Street Williamsport, OH 43164 Full Service B&M $26,836
    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 $34,666

    For 2019, The Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,372
    Net interest income $10,798
    Total noninterest income $1,546
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $361
    Trading account gains and fees $0
    Additional Noninterest Income $1,185
    Pre-tax net operating income $2,659
    Securities gains (or losses, -) $39
    Income before extraordinary items $2,337
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,337
    Minority interest net income $0
    Net income $2,337
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,303

    The Savings Bank's gross interest income from loans was $13,372,000.
    The Savings Bank's net interest income from loans was $10,798,000.
    The Savings Bank's fee based income from loans was $361,000.
    The Savings Bank's net income from loans was $2,337,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,574
    Provision for credit losses $120
    Total noninterest expense $9,565
    Salaries and employee benefits $4,895
    Premises and equipment expense $1,272
    Additional noninterest expense $3,398
    Applicable income taxes $361
    Net charge-offs $126
    Cash dividends $1,294

    The Savings Bank's interest expense for loans was $2,574,000.
    The Savings Bank's payroll and benefits expense were $4,895,000.
    The Savings Bank's property, plant and equipment expenses $1,272,000.

    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 1.0%
    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 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $287,980
    Deposits held in domestic offices $287,980
    Deposits by Individuals, partnerships, and corporations $247,593
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $40,386
    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 $101,769
    Demand deposits $65,679
    Nontransaction accounts $186,210
    Money market deposit accounts (MMDAs) $44,032
    Other savings deposits (excluding MMDAs) $57,698
    Total time deposits $84,482
    Total time and savings deposits $222,300
    Noninterest-bearing deposits $57,459
    Interest-bearing deposits $230,521
    Retail deposits $271,795
    IRAs and Keogh plan accounts $13,134
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $352,429
    Cash & Balances due from depository institutions $10,767
    Interest-bearing balances $6,143
    Total securities $89,307
    Federal funds sold & reverse repurchase $2,861
    Net loans and leases $228,202
    Loan and leases loss allowance $2,124
    Trading account assets $0
    Bank premises and fixed assets $8,531
    Other real estate owned $200
    Goodwill and other intangibles $410
    All other assets $12,151

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $352,429
    Total Liabilities $311,189
    Total deposits $287,980
    Interest-bearing deposits $230,521
    Deposits held in domestic offices $287,980
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $20,203
    Subordinated debt $0
    All other liabilities $3,006

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $228,202
    Loan and leases loss allowance $2,124
    Total loans and leases (domestic) $230,326
    All real estate loans $183,646
    Real estate loans in domestic offices $183,646
    Construction and development loans $4,371
    Residential 1-4 family construction $3,736
    Other construction, all land development and other land $635
    Loans secured by nonfarm nonresidential properties $29,792
    Nonfarm nonresidential secured by owner-occupied properties $15,476
    Commercial real estate & other non-farm, non-residential $14,316
    Multifamily residential real estate $3,595
    1-4 family residential loans $142,412
    Farmland loans $3,476
    Loans held in foreign offices $0
    Farm loans $1,039
    Commercial and industrial loans $31,697
    To non-U.S. addressees $0
    Loans to individuals $13,512
    Credit card loans $0
    Related Plans $20
    Consumer Auto Loans $5,689
    Other loans to individuals $7,803
    All other loans & leases $432
    Loans to foreign governments and official institutions $0
    Other loans $49
    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 $1,863
    Non 1-4 family restructured loans & leases $743
    Total loans and leases (foreign) $0

    The Savings Bank had $228,202,000 of loans outstanding in 2019. $183,646,000 of loans were in real estate loans. $4,371,000 of loans were in development loans. $3,595,000 of loans were in multifamily mortgage loans. $142,412,000 of loans were in 1-4 family mortgage loans. $1,039,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,689,000 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 99 $17,229 $174,030
    Nonfarm, nonresidential loans - <$100k 24 $839 $34,958
    Nonfarm, nonresidential loans - $100-250k 44 $5,197 $118,114
    Nonfarm, nonresidential loans - $250k-1MM 31 $11,193 $361,065
    Commercial & Industrial, US addressed loans - <$1MM 257 $19,363 $75,342
    Commercial & Industrial, US addressed loans - <$100k 188 $4,768 $25,362
    Commercial & Industrial, US addressed loans - $100-250k 41 $5,016 $122,341
    Commercial & Industrial, US addressed loans - $250k-1MM 28 $9,579 $342,107
    Farmland loans - <$1MM 15 $1,772 $118,133
    Farmland loans - <$100k 5 $110 $22,000
    Farmland loans - $100-250k 4 $491 $122,750
    Farmland loans - $250k-1MM 6 $1,171 $195,167
    Agriculture operations loans - <$1MM 6 $416 $69,333
    Agriculture operations loans - <$100k 4 $83 $20,750
    Agriculture operations loans - $100-250k 1 $157 $157,000
    Agriculture operations loans - $250k-1MM 1 $176 $176,000