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, Chillicothe, Dayton, Marion, and Springfield among others. We have data for 5 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 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

    283

    Origination Dollar Volume (All Markets)

    $63,475,000

    Employee count

    70

    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) 271 $60,755,000 $224,188 $0 0.00%
    Chillicothe, OH (FHA|USDA|VA) 9 $1,765,000 $196,111 $0 0.00%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    Marion, OH (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    The Savings Bank's top markets include Columbus, Chillicothe, Dayton, Marion, and Springfield among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 283 $63,475,000 $224,293 $0 0.00%

    For 2020, The Savings Bank's most frequently originated type of loan was Conventional, with 283 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 131 $29,675,000 $226,527 $0 0.00%
    Refi 109 $26,125,000 $239,679 $0 0.00%
    Cash Out Refi 37 $6,585,000 $177,973 $0 0.00%
    Other 4 $820,000 $205,000 $0 0.00%
    Home Improvement 2 $270,000 $135,000 $0 0.00%

    For 2020, The Savings Bank's most frequently cited loan purpose was Home Purchase, with 131 originations. The 2nd most popular reason was Refi, with 109 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 283 $63,475,000 $224,293 $0 0.00%

    For 2020, The Savings Bank's most frequently cited loan duration was Other, with 283 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 113 $16,265,000 $143,938 $0 0.00%
    $200k-400k 84 $22,370,000 $266,310 $0 0.00%
    $100,000 or less 55 $4,065,000 $73,909 $0 0.00%
    $400k-600k 17 $8,215,000 $483,235 $0 0.00%
    $600k-1MM 10 $7,350,000 $735,000 $0 0.00%
    $1MM+ 4 $5,210,000 $1,302,500 $0 0.00%

    2020 saw The Savings Bank place emphasis on $100k-200k loans with 113 originations, totaling $16,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 46 $7,590,000 $165,000 $0 0.00%
    $100k-150k 42 $9,720,000 $231,429 $0 0.00%
    $75k-100k 37 $5,775,000 $156,081 $0 0.00%
    $150k-250k 34 $8,670,000 $255,000 $0 0.00%
    $50k or less 31 $3,605,000 $116,290 $0 0.00%
    $250k+ 19 $5,485,000 $288,684 $0 0.00%

    The Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 46 originations. The second most popular income band? $100k-150k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 283 $63,475,000 $224,293 $0 0.00%

    The Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 283 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 206 $40,340,000 $195,825 $0 0.00%
    Not applicable 69 $21,555,000 $312,391 $0 0.00%
    Not provided 4 $640,000 $160,000 $0 0.00%
    American Indian 2 $590,000 $295,000 $0 0.00%
    Asian 1 $285,000 $285,000 $0 0.00%
    Black 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.53%

    The Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.93%

    The Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 283 $63,475,000 $224,293

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 22 $13,350,000 $606,818
    Single Family (1-4 Units):Manufactured 5 $505,000 $101,000
    Single Family (1-4 Units):Site-Built 256 $49,620,000 $193,828

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    TCF NATIONAL BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 6 6.6%
    TCF NATIONAL BANK Conventional home mortgage Closing on a mortgage 5 5.5%
    TCF NATIONAL BANK Conventional home mortgage Incorrect information on your report 1 1.1%
    TCF NATIONAL BANK Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 1.1%
    TCF NATIONAL BANK Conventional home mortgage Struggling to pay mortgage 4 4.4%
    TCF NATIONAL BANK Conventional home mortgage Trouble during payment process 33 36.3%
    TCF NATIONAL BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.1%
    TCF NATIONAL BANK FHA mortgage Closing on a mortgage 1 1.1%
    TCF NATIONAL BANK FHA mortgage Trouble during payment process 2 2.2%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 3 3.3%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 3 3.3%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 2 2.2%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 2.2%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Trouble during payment process 22 24.2%
    TCF NATIONAL BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.1%
    TCF NATIONAL BANK Other type of mortgage Closing on a mortgage 1 1.1%
    TCF NATIONAL BANK Other type of mortgage Trouble during payment process 3 3.3%

    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 $9,210
    The Savings Bank 118-120 North Court Street Circleville, OH 43113 Full Service B&M $238,559
    The Savings Bank 200 South Water Street Williamsport, OH 43164 Full Service B&M $29,059
    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 $37,866

    For 2020, The Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,011
    Net interest income $10,929
    Total noninterest income $2,754
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $279
    Trading account gains and fees $0
    Additional Noninterest Income $2,475
    Pre-tax net operating income $2,531
    Securities gains (or losses, -) $89
    Income before extraordinary items $2,227
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,227
    Minority interest net income $0
    Net income $2,227
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,151

    The Savings Bank's gross interest income from loans was $13,011,000.
    The Savings Bank's net interest income from loans was $10,929,000.
    The Savings Bank's fee based income from loans was $279,000.
    The Savings Bank's net income from loans was $2,227,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,082
    Provision for credit losses $655
    Total noninterest expense $10,497
    Salaries and employee benefits $5,481
    Premises and equipment expense $1,646
    Additional noninterest expense $3,370
    Applicable income taxes $393
    Net charge-offs $137
    Cash dividends $1,278

    The Savings Bank's interest expense for loans was $2,082,000.
    The Savings Bank's payroll and benefits expense were $5,481,000.
    The Savings Bank's property, plant and equipment expenses $1,646,000.

    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 2.0%
    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 $332,638
    Deposits held in domestic offices $332,638
    Deposits by Individuals, partnerships, and corporations $278,788
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $53,850
    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 $137,168
    Demand deposits $86,706
    Nontransaction accounts $195,470
    Money market deposit accounts (MMDAs) $50,813
    Other savings deposits (excluding MMDAs) $68,916
    Total time deposits $75,741
    Total time and savings deposits $245,932
    Noninterest-bearing deposits $75,725
    Interest-bearing deposits $256,913
    Retail deposits $317,028
    IRAs and Keogh plan accounts $13,083
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $387,882
    Cash & Balances due from depository institutions $16,845
    Interest-bearing balances $7,993
    Total securities $124,195
    Federal funds sold & reverse repurchase $6,875
    Net loans and leases $218,984
    Loan and leases loss allowance $2,642
    Trading account assets $0
    Bank premises and fixed assets $7,691
    Other real estate owned $0
    Goodwill and other intangibles $532
    All other assets $12,760

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $387,883
    Total Liabilities $345,900
    Total deposits $332,638
    Interest-bearing deposits $256,913
    Deposits held in domestic offices $332,638
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,166
    Subordinated debt $0
    All other liabilities $3,096

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $218,984
    Loan and leases loss allowance $2,642
    Total loans and leases (domestic) $221,626
    All real estate loans $177,950
    Real estate loans in domestic offices $177,950
    Construction and development loans $2,306
    Residential 1-4 family construction $1,435
    Other construction, all land development and other land $871
    Loans secured by nonfarm nonresidential properties $24,435
    Nonfarm nonresidential secured by owner-occupied properties $11,866
    Commercial real estate & other non-farm, non-residential $12,569
    Multifamily residential real estate $8,882
    1-4 family residential loans $139,920
    Farmland loans $2,407
    Loans held in foreign offices $0
    Farm loans $748
    Commercial and industrial loans $31,748
    To non-U.S. addressees $0
    Loans to individuals $10,890
    Credit card loans $0
    Related Plans $78
    Consumer Auto Loans $5,414
    Other loans to individuals $5,398
    All other loans & leases $291
    Loans to foreign governments and official institutions $0
    Other loans $39
    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 $1,851
    Non 1-4 family restructured loans & leases $892
    Total loans and leases (foreign) $0

    The Savings Bank had $218,984,000 of loans outstanding in 2020. $177,950,000 of loans were in real estate loans. $2,306,000 of loans were in development loans. $8,882,000 of loans were in multifamily mortgage loans. $139,920,000 of loans were in 1-4 family mortgage loans. $748,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,414,000 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 81 $13,021 $160,753
    Nonfarm, nonresidential loans - <$100k 19 $583 $30,684
    Nonfarm, nonresidential loans - $100-250k 41 $4,569 $111,439
    Nonfarm, nonresidential loans - $250k-1MM 21 $7,869 $374,714
    Commercial & Industrial, US addressed loans - <$1MM 270 $20,227 $74,915
    Commercial & Industrial, US addressed loans - <$100k 199 $4,873 $24,487
    Commercial & Industrial, US addressed loans - $100-250k 42 $4,870 $115,952
    Commercial & Industrial, US addressed loans - $250k-1MM 29 $10,484 $361,517
    Farmland loans - <$1MM 14 $1,844 $131,714
    Farmland loans - <$100k 4 $91 $22,750
    Farmland loans - $100-250k 4 $451 $112,750
    Farmland loans - $250k-1MM 6 $1,302 $217,000
    Agriculture operations loans - <$1MM 4 $396 $99,000
    Agriculture operations loans - <$100k 2 $71 $35,500
    Agriculture operations loans - $100-250k 1 $154 $154,000
    Agriculture operations loans - $250k-1MM 1 $171 $171,000