Bank Of Clarke County Mortgage Rates, Fees & Info
Berryville, VA
LEI: 5493002Z2Z7DV758IU60
Tax ID: 54-0132450
Jump to:
Mortgage Data
Bank Data
Overview
Bank Of Clarke County is a
smaller
bank
specializing in
Home Purchase and Refi loans.
Bank Of Clarke County has a high proportion of conventional loans.
Their top markets include Washington, Winchester, Hagerstown, Harrisburg, and Roanoke among others. Bank Of Clarke County has
an average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Originations
313
Origination Dollar Volume (All Markets)
$101,285,000
Employee count
221
Top Markets
Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)
|
119
|
$43,315,000 |
$363,992 |
$0 |
0.00% |
WINCHESTER, VA-WV (FHA|USDA|VA)
|
144
|
$38,160,000 |
$265,000 |
$0 |
0.00% |
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA)
|
30
|
$8,210,000 |
$273,667 |
$0 |
0.00% |
Outside of Metro Areas
|
9 |
$7,905,000 |
$878,333 |
$0 |
0.00% |
HARRISBURG-CARLISLE, PA (FHA|USDA|VA)
|
3
|
$655,000 |
$218,333 |
$0 |
0.00% |
ROANOKE, VA (FHA|USDA|VA)
|
1
|
$625,000 |
$625,000 |
$0 |
0.00% |
SALISBURY, MD-DE (FHA|USDA|VA)
|
2
|
$610,000 |
$305,000 |
$0 |
0.00% |
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA)
|
1
|
$575,000 |
$575,000 |
$0 |
0.00% |
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA)
|
1
|
$525,000 |
$525,000 |
$0 |
0.00% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)
|
1
|
$445,000 |
$445,000 |
$0 |
0.00% |
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA)
|
1
|
$195,000 |
$195,000 |
$0 |
0.00% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)
|
1
|
$65,000 |
$65,000 |
$0 |
0.00% |
Bank Of Clarke County's top markets include Washington, Winchester, Hagerstown, Harrisburg, and Roanoke among others.
Product Mix
Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Conventional |
313 |
$101,285,000 |
$323,594 |
$0 |
0.00% |
For the 2021 period, Bank Of Clarke County's most frequently
originated loan type
of loans were Conventional, with 313 originations.
Loan Reason
Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Home Purchase |
122 |
$40,050,000 |
$328,279 |
$0 |
0.00% |
Refi |
120 |
$47,430,000 |
$395,250 |
$0 |
0.00% |
Cash Out Refi |
45 |
$9,935,000 |
$220,778 |
$0 |
0.00% |
Home Improvement |
16 |
$2,070,000 |
$129,375 |
$0 |
0.00% |
Other |
10 |
$1,800,000 |
$180,000 |
$0 |
0.00% |
For the 2021, Bank Of Clarke County's most frequently cited loan
purpose
of loans were Home Purchase, with 122
originations.
The 2nd most popular reason of loans were Refi,
with 120 originations.
Loan Duration/Length
Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Other |
313 |
$101,285,000 |
$323,594 |
$0 |
0.00% |
For the 2021, Bank Of Clarke County's most frequently cited loan
length
of loans were Other, with 313 originations.
Loan Sizing
Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$100k-200k |
123 |
$18,245,000 |
$148,333 |
$0 |
0.00% |
$200k-400k |
77 |
$20,985,000 |
$272,532 |
$0 |
0.00% |
$100,000 or less |
50 |
$3,500,000 |
$70,000 |
$0 |
0.00% |
$400k-600k |
29 |
$13,645,000 |
$470,517 |
$0 |
0.00% |
$600k-1MM |
21 |
$14,915,000 |
$710,238 |
$0 |
0.00% |
$1MM+ |
13 |
$29,995,000 |
$2,307,308 |
$0 |
0.00% |
2021 saw Bank Of Clarke County place emphasis on
$100k-200k loans
with 123 originations, totaling
$18,245,000 in origination value.
Applicant Income
Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$50k-75k |
45 |
$7,765,000 |
$172,556 |
$0 |
0.00% |
$100k-150k |
44 |
$10,970,000 |
$249,318 |
$0 |
0.00% |
$250k+ |
34 |
$17,940,000 |
$527,647 |
$0 |
0.00% |
$50k or less |
32 |
$4,630,000 |
$144,688 |
$0 |
0.00% |
$150k-250k |
25 |
$9,175,000 |
$367,000 |
$0 |
0.00% |
$75k-100k |
24 |
$4,880,000 |
$203,333 |
$0 |
0.00% |
Bank Of Clarke County lent most frequently to those with incomes in the
$50k-75k range, with
45 originations.
The second most popular income band? $100k-150k,
with 44 originations.
Applicant Debt to Income Ratio
DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Exempt% |
313 |
$101,285,000 |
$323,594 |
$0 |
0.00% |
Bank Of Clarke County lent most frequently to those with DTI ratios
of Exempt%, with
313 originations.
Ethnicity Mix
Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
White |
184 |
$47,490,000 |
$258,098 |
$0 |
0.00% |
Not applicable |
106 |
$45,190,000 |
$426,321 |
$0 |
0.00% |
Not provided |
12 |
$4,540,000 |
$378,333 |
$0 |
0.00% |
Asian |
5 |
$2,945,000 |
$589,000 |
$0 |
0.00% |
Asian Indian |
1 |
$545,000 |
$545,000 |
$0 |
0.00% |
Black |
3 |
$295,000 |
$98,333 |
$0 |
0.00% |
Native Hawaiian |
1 |
$165,000 |
$165,000 |
$0 |
0.00% |
American Indian |
1 |
$115,000 |
$115,000 |
$0 |
0.00% |
Approval Rates
Total approvals of all applications
88.25%
Bank Of Clarke County has an average approval rate.
Pick Rate
Approvals leading to origination
84.09%
Bank Of Clarke County has a below average pick rate.
Points and Fees
Points |
Originations |
Total Value |
Average Loan |
Exempt |
313 |
$101,285,000 |
$323,594 |
Occupancy Type Mix
Dwelling Type |
Originations |
Total Value |
Average Loan |
|
313 |
$101,285,000 |
$323,594 |
Complaints
Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
BANK OF THE WEST |
Conventional home mortgage |
Trouble during payment process |
6 |
20.0% |
BANK OF THE WEST |
VA mortgage |
Trouble during payment process |
1 |
3.3% |
BANK OF THE WEST |
Other type of mortgage |
Trouble during payment process |
2 |
6.7% |
BANK OF THE WEST |
Other type of mortgage |
Struggling to pay mortgage |
1 |
3.3% |
BANK OF THE WEST |
Other type of mortgage |
Closing on a mortgage |
1 |
3.3% |
BANK OF THE WEST |
Other type of mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
3.3% |
BANK OF THE WEST |
Home equity loan or line of credit (HELOC) |
Trouble during payment process |
3 |
10.0% |
BANK OF THE WEST |
Home equity loan or line of credit (HELOC) |
Closing on a mortgage |
4 |
13.3% |
BANK OF THE WEST |
Home equity loan or line of credit (HELOC) |
Applying for a mortgage or refinancing an existing mortgage |
2 |
6.7% |
BANK OF THE WEST |
FHA mortgage |
Trouble during payment process |
1 |
3.3% |
BANK OF THE WEST |
Conventional home mortgage |
Struggling to pay mortgage |
2 |
6.7% |
BANK OF THE WEST |
Conventional home mortgage |
Applying for a mortgage or refinancing an existing mortgage |
5 |
16.7% |
BANK OF THE WEST |
Conventional home mortgage |
Closing on a mortgage |
1 |
3.3% |
Bank Details
Branches
Bank Name |
Branch |
Branch Type |
Deposits (000's) |
Bank of Clarke County |
1879 Berryville Pike Winchester, VA 22603 |
Full Service B&M
|
$36,534 |
Bank of Clarke County |
2 East Main Street Berryville, VA 22611 |
Full Service B&M
|
$229,127 |
Bank of Clarke County |
202 North Loudoun Street Winchester, VA 22601 |
Full Service B&M
|
$153,246 |
Bank of Clarke County |
203 Hirst Road Purcellville, VA 20132 |
Full Service B&M
|
$89,361 |
Bank of Clarke County |
2555 Pleasant Valley Road Winchester, VA 22601 |
Full Service B&M
|
$93,334 |
Bank of Clarke County |
382 Fairfax Pike Stephens City, VA 22655 |
Full Service B&M
|
$86,814 |
Bank of Clarke County |
44810 Saranac Street Ashburn, VA 20147 |
Full Service B&M
|
$66,713 |
Bank of Clarke County |
504 East Market Street Leesburg, VA 20176 |
Full Service B&M
|
$111,090 |
Bank of Clarke County |
8401 Greensboro Drive Suite 400a Mclean, VA 22102 |
Limited, Drive-thru
|
$0 |
Bank of Clarke County |
108 West Main Street Boyce, VA 22620 |
Full Service B&M
|
$55,792 |
Bank of Clarke County |
110 Crock Wells Mill Dr Winchester, VA 22603 |
Full Service B&M
|
$58,764 |
Bank of Clarke County |
1460 North Frederick Pike Winchester, VA 22603 |
Full Service B&M
|
$75,571 |
Bank of Clarke County |
1508 Senseny Road Winchester, VA 22602 |
Full Service B&M
|
$47,184 |
For 2021, Bank Of Clarke County had 13 branches.
Yearly Performance Overview
Bank Income
Bank Of Clarke County's gross interest income from loans was $42,637,000.
Bank Of Clarke County's net interest income from loans was $40,956,000.
Bank Of Clarke County's fee based income from loans was $1,235,000.
Bank Of Clarke County's net income from loans was $11,245,000.
Bank Expenses
Item |
Value (in 000's) |
Total interest expense |
$1,681 |
Provision for credit losses |
$1,504 |
Total noninterest expense |
$37,529 |
Salaries and employee benefits |
$21,778 |
Premises and equipment expense |
$2,762 |
Additional noninterest expense |
$12,989 |
Applicable income taxes |
$1,797 |
Net charge-offs |
$-208 |
Cash dividends |
$1,500 |
Bank Of Clarke County's interest expense for loans was $1,681,000.
Bank Of Clarke County's payroll and benefits expense were $21,778,000.
Bank Of Clarke County's property, plant and equipment expenses $2,762,000.
Deposits
Type |
Value (in 000's) |
Total deposits |
$1,179,975 |
Deposits held in domestic offices |
$1,179,975 |
Deposits by Individuals, partnerships, and corporations |
$1,089,905 |
Deposits by U.S. Government |
$0 |
Deposits by States and political subdivisions in the U.S. |
$90,070 |
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 |
$168,565 |
Demand deposits |
$129,569 |
Nontransaction accounts |
$1,011,410 |
Money market deposit accounts (MMDAs) |
$252,399 |
Other savings deposits (excluding MMDAs) |
$635,427 |
Total time deposits |
$123,584 |
Total time and savings deposits |
$1,050,406 |
Noninterest-bearing deposits |
$473,095 |
Interest-bearing deposits |
$706,880 |
Retail deposits |
$1,114,818 |
IRAs and Keogh plan accounts |
$6,684 |
Brokered deposits |
$0 |
Deposits held in foreign offices |
$0 |
Assets
Asset |
Value (in 000's) |
Total Assets |
$1,302,913 |
Cash & Balances due from depository institutions |
$63,840 |
Interest-bearing balances |
$49,304 |
Total securities |
$192,321 |
Federal funds sold & reverse repurchase |
$228 |
Net loans and leases |
$977,809 |
Loan and leases loss allowance |
$8,787 |
Trading account assets |
$0 |
Bank premises and fixed assets |
$18,249 |
Other real estate owned |
$0 |
Goodwill and other intangibles |
$0 |
All other assets |
$50,466 |
Liabilities
Liabilities |
Value (in 000's) |
Total liabilities and capital |
$1,302,913 |
Total Liabilities |
$1,195,497 |
Total deposits |
$1,179,975 |
Interest-bearing deposits |
$706,880 |
Deposits held in domestic offices |
$1,179,975 |
% insured (estimated) |
$73 |
Federal funds purchased and repurchase agreements |
$0 |
Trading liabilities |
$0 |
Other borrowed funds |
$0 |
Subordinated debt |
$0 |
All other liabilities |
$15,522 |
Issued Loan Types
Type |
Value (in 000's) |
Net loans and leases |
$977,809 |
Loan and leases loss allowance |
$8,787 |
Total loans and leases (domestic) |
$986,596 |
All real estate loans |
$755,767 |
Real estate loans in domestic offices |
$755,767 |
Construction and development loans |
$71,190 |
Residential 1-4 family construction |
$10,077 |
Other construction, all land development and other land |
$61,113 |
Loans secured by nonfarm nonresidential properties |
$377,052 |
Nonfarm nonresidential secured by owner-occupied properties |
$191,994 |
Commercial real estate & other non-farm, non-residential |
$185,058 |
Multifamily residential real estate |
$29,093 |
1-4 family residential loans |
$264,722 |
Farmland loans |
$13,710 |
Loans held in foreign offices |
$0 |
Farm loans |
$808 |
Commercial and industrial loans |
$144,239 |
To non-U.S. addressees |
$0 |
Loans to individuals |
$69,798 |
Credit card loans |
$339 |
Related Plans |
$8,351 |
Consumer Auto Loans |
$3,011 |
Other loans to individuals |
$58,097 |
All other loans & leases |
$15,990 |
Loans to foreign governments and official institutions |
$0 |
Other loans |
$13,211 |
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 |
$2,522 |
Non 1-4 family restructured loans & leases |
$768 |
Total loans and leases (foreign) |
$0 |
Bank of Clarke County had $977,809,000 of loans outstanding in 2021. $755,767,000 of loans were in real estate loans.
$71,190,000 of loans were in development loans. $29,093,000 of loans were in multifamily mortgage loans.
$264,722,000 of loans were in 1-4 family mortgage loans. $808,000 of loans were in farm loans. $339,000
of loans were in credit card loans. $3,011,000 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 |
373 |
$118,734 |
$318,322 |
Nonfarm, nonresidential loans - <$100k |
24 |
$1,079 |
$44,958 |
Nonfarm, nonresidential loans - $100-250k |
93 |
$11,963 |
$128,634 |
Nonfarm, nonresidential loans - $250k-1MM |
256 |
$105,692 |
$412,859 |
Commercial & Industrial, US addressed loans - <$1MM |
676 |
$59,258 |
$87,660 |
Commercial & Industrial, US addressed loans - <$100k |
340 |
$8,830 |
$25,971 |
Commercial & Industrial, US addressed loans - $100-250k |
142 |
$12,156 |
$85,606 |
Commercial & Industrial, US addressed loans - $250k-1MM |
194 |
$38,272 |
$197,278 |
Farmland loans - <$1MM |
10 |
$2,216 |
$221,600 |
Farmland loans - <$100k |
1 |
$13 |
$13,000 |
Farmland loans - $100-250k |
4 |
$600 |
$150,000 |
Farmland loans - $250k-1MM |
5 |
$1,603 |
$320,600 |
Agriculture operations loans - <$1MM |
5 |
$268 |
$53,600 |
Agriculture operations loans - <$100k |
4 |
$54 |
$13,500 |
Agriculture operations loans - $250k-1MM |
1 |
$214 |
$214,000 |