The Savings Bank Mortgage Rates, Fees & Info

Circleville, OH

LEI: 5493002RL75O2Y62Z184

Tax ID: 31-4147910

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
  • 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, Springfield, and Mount Vernon among others. We have data for 8 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.

    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

    262

    Origination Dollar Volume (All Markets)

    $62,510,000

    Employee count

    91

    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) 248 $60,210,000 $242,782 $0 0.00%
    Chillicothe, OH (FHA|USDA|VA) 4 $790,000 $197,500 $0 0.00%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    SPRINGFIELD, OH (FHA|USDA|VA) 3 $385,000 $128,333 $0 0.00%
    Outside of Metro Areas 2 $250,000 $125,000 $0 0.00%
    Mount Vernon, OH (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Washington Court House, OH (FHA|USDA|VA) 2 $180,000 $90,000 $0 0.00%
    Portsmouth, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    The Savings Bank's top markets include Columbus, Chillicothe, Dayton, Springfield, and Mount Vernon among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 262 $62,510,000 $238,588 $0 0.00%

    For 2021, The Savings Bank's most frequently originated type of loan was Conventional, with 262 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 132 $36,720,000 $278,182 $0 0.00%
    Refi 95 $19,655,000 $206,895 $0 0.00%
    Cash Out Refi 26 $5,190,000 $199,615 $0 0.00%
    Home Improvement 5 $555,000 $111,000 $0 0.00%
    Other 4 $390,000 $97,500 $0 0.00%

    For 2021, The Savings Bank's most frequently cited loan purpose was Home Purchase, with 132 originations. The 2nd most popular reason was Refi, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 262 $62,510,000 $238,588 $0 0.00%

    For 2021, The Savings Bank's most frequently cited loan duration was Other, with 262 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 101 $14,645,000 $145,000 $0 0.00%
    $200k-400k 68 $18,610,000 $273,676 $0 0.00%
    $100,000 or less 52 $3,770,000 $72,500 $0 0.00%
    $400k-600k 28 $13,290,000 $474,643 $0 0.00%
    $600k-1MM 8 $5,660,000 $707,500 $0 0.00%
    $1MM+ 5 $6,535,000 $1,307,000 $0 0.00%

    2021 saw The Savings Bank place emphasis on $100k-200k loans with 101 originations, totaling $14,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 34 $6,270,000 $184,412 $0 0.00%
    $50k-75k 33 $4,425,000 $134,091 $0 0.00%
    $100k-150k 30 $7,410,000 $247,000 $0 0.00%
    $50k or less 29 $2,905,000 $100,172 $0 0.00%
    $250k+ 20 $7,060,000 $353,000 $0 0.00%
    $150k-250k 17 $4,905,000 $288,529 $0 0.00%

    The Savings Bank lent most frequently to those with incomes in the $75k-100k range, with 34 originations. The second most popular income band? $50k-75k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 262 $62,510,000 $238,588 $0 0.00%

    The Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 262 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 153 $31,035,000 $202,843 $0 0.00%
    Not applicable 98 $29,260,000 $298,571 $0 0.00%
    Not provided 8 $1,610,000 $201,250 $0 0.00%
    Asian 1 $385,000 $385,000 $0 0.00%
    American Indian 1 $125,000 $125,000 $0 0.00%
    Black 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.41%

    The Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.84%

    The Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 262 $62,510,000 $238,588

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    262 $62,510,000 $238,588

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    TCF NATIONAL BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 11.9%
    TCF NATIONAL BANK Conventional home mortgage Closing on a mortgage 3 7.1%
    TCF NATIONAL BANK Conventional home mortgage Trouble during payment process 16 38.1%
    TCF NATIONAL BANK FHA mortgage Trouble during payment process 1 2.4%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 4.8%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 2 4.8%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 2.4%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Trouble during payment process 9 21.4%
    TCF NATIONAL BANK Other type of mortgage Trouble during payment process 3 7.1%

    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 $12,419
    The Savings Bank 118-120 North Court Street Circleville, OH 43113 Full Service B&M $271,374
    The Savings Bank 200 South Water Street Williamsport, OH 43164 Full Service B&M $34,941
    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 $41,413

    For 2021, The Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,925
    Net interest income $12,002
    Total noninterest income $2,747
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $372
    Trading account gains and fees $0
    Additional Noninterest Income $2,375
    Pre-tax net operating income $2,806
    Securities gains (or losses, -) $225
    Income before extraordinary items $2,547
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,547
    Minority interest net income $0
    Net income $2,547
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,358

    The Savings Bank's gross interest income from loans was $12,925,000.
    The Savings Bank's net interest income from loans was $12,002,000.
    The Savings Bank's fee based income from loans was $372,000.
    The Savings Bank's net income from loans was $2,547,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $923
    Provision for credit losses $0
    Total noninterest expense $11,943
    Salaries and employee benefits $6,435
    Premises and equipment expense $1,352
    Additional noninterest expense $4,156
    Applicable income taxes $484
    Net charge-offs $57
    Cash dividends $3,773

    The Savings Bank's interest expense for loans was $923,000.
    The Savings Bank's payroll and benefits expense were $6,435,000.
    The Savings Bank's property, plant and equipment expenses $1,352,000.

    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 0.0%
    HELOC loans 1.0%
    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 $467,680
    Deposits held in domestic offices $467,680
    Deposits by Individuals, partnerships, and corporations $407,023
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $60,657
    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 $213,313
    Demand deposits $209,332
    Nontransaction accounts $254,367
    Money market deposit accounts (MMDAs) $66,708
    Other savings deposits (excluding MMDAs) $115,329
    Total time deposits $72,331
    Total time and savings deposits $258,348
    Noninterest-bearing deposits $77,400
    Interest-bearing deposits $390,280
    Retail deposits $453,981
    IRAs and Keogh plan accounts $12,952
    Brokered deposits $7,928
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $538,557
    Cash & Balances due from depository institutions $20,072
    Interest-bearing balances $9,768
    Total securities $168,509
    Federal funds sold & reverse repurchase $12,129
    Net loans and leases $302,285
    Loan and leases loss allowance $2,584
    Trading account assets $0
    Bank premises and fixed assets $9,593
    Other real estate owned $0
    Goodwill and other intangibles $8,777
    All other assets $17,192

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $538,557
    Total Liabilities $482,926
    Total deposits $467,680
    Interest-bearing deposits $390,280
    Deposits held in domestic offices $467,680
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $97
    Trading liabilities $0
    Other borrowed funds $10,133
    Subordinated debt $0
    All other liabilities $5,016

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $302,285
    Loan and leases loss allowance $2,584
    Total loans and leases (domestic) $304,869
    All real estate loans $244,922
    Real estate loans in domestic offices $244,922
    Construction and development loans $6,462
    Residential 1-4 family construction $3,866
    Other construction, all land development and other land $2,596
    Loans secured by nonfarm nonresidential properties $49,457
    Nonfarm nonresidential secured by owner-occupied properties $25,318
    Commercial real estate & other non-farm, non-residential $24,139
    Multifamily residential real estate $19,861
    1-4 family residential loans $166,350
    Farmland loans $2,792
    Loans held in foreign offices $0
    Farm loans $640
    Commercial and industrial loans $36,479
    To non-U.S. addressees $0
    Loans to individuals $22,457
    Credit card loans $0
    Related Plans $366
    Consumer Auto Loans $11,708
    Other loans to individuals $10,383
    All other loans & leases $370
    Loans to foreign governments and official institutions $0
    Other loans $52
    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 $1,136
    Non 1-4 family restructured loans & leases $360
    Total loans and leases (foreign) $0

    The Savings Bank had $302,285,000 of loans outstanding in 2021. $244,922,000 of loans were in real estate loans. $6,462,000 of loans were in development loans. $19,861,000 of loans were in multifamily mortgage loans. $166,350,000 of loans were in 1-4 family mortgage loans. $640,000 of loans were in farm loans. $0 of loans were in credit card loans. $11,708,000 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 153 $25,914 $169,373
    Nonfarm, nonresidential loans - <$100k 39 $1,305 $33,462
    Nonfarm, nonresidential loans - $100-250k 49 $6,270 $127,959
    Nonfarm, nonresidential loans - $250k-1MM 65 $18,339 $282,138
    Commercial & Industrial, US addressed loans - <$1MM 345 $25,705 $74,507
    Commercial & Industrial, US addressed loans - <$100k 249 $6,414 $25,759
    Commercial & Industrial, US addressed loans - $100-250k 53 $5,411 $102,094
    Commercial & Industrial, US addressed loans - $250k-1MM 43 $13,880 $322,791
    Farmland loans - <$1MM 15 $1,852 $123,467
    Farmland loans - <$100k 4 $60 $15,000
    Farmland loans - $100-250k 5 $570 $114,000
    Farmland loans - $250k-1MM 6 $1,222 $203,667
    Agriculture operations loans - <$1MM 3 $640 $213,333
    Agriculture operations loans - $100-250k 1 $149 $149,000
    Agriculture operations loans - $250k-1MM 2 $491 $245,500