Bank Of Clarke County Mortgage Rates, Fees & Info

Berryville, VA

LEI: 5493002Z2Z7DV758IU60

Tax ID: 54-0132450

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

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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

    Item Value (in 000's)
    Total interest income $42,637
    Net interest income $40,956
    Total noninterest income $11,095
    Gross Fiduciary activities income $1,891
    Service charges on deposit accounts $1,235
    Trading account gains and fees $0
    Additional Noninterest Income $7,969
    Pre-tax net operating income $13,018
    Securities gains (or losses, -) $24
    Income before extraordinary items $11,245
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,245
    Minority interest net income $0
    Net income $11,245
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,224

    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.

    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 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 $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