The Croghan Colonial Bank Mortgage Rates, Fees & Info

Fremont, OH

LEI: 5493004F1BOBD3SG7P54

Tax ID: 34-1415683

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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 Croghan Colonial Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. The Croghan Colonial Bank has a high proportion of conventional loans. Their top markets by origination volume include: Toledo, Fremont, Sandusky, Cleveland, and Norwalk among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Croghan Colonial 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. The Croghan Colonial Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 9/22/24
    30 Year Conventional Purchase 6.73% 9/22/24
    30 Year Conventional Refi 6.43% 9/22/24
    30 Year Cash-out Refi 7.06% 9/22/24
    30 Year FHA Purchase 6.27% 9/22/24
    30 Year VA Purchase 6.27% 9/22/24
    30 Year USDA Purchase 6.27% 9/22/24
    15 Year Conventional Purchase 6.60% 9/22/24
    15 Year Conventional Refi 6.23% 9/22/24
    15 Year Cash-out Refi 6.23% 9/22/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    The Croghan Colonial Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Croghan Colonial Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    523

    Origination Dollar Volume (All Markets)

    $94,675,000

    Employee count

    203 Show all (5) awards

    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
    TOLEDO, OH (FHA|USDA|VA) 220 $47,960,000 $218,000 $3,416 3.17%
    Fremont, OH (FHA|USDA|VA) 160 $20,120,000 $125,750 $3,058 2.82%
    Sandusky, OH (FHA|USDA|VA) 30 $5,760,000 $192,000 $3,657 2.91%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 15 $5,715,000 $381,000 $4,308 3.40%
    Norwalk, OH (FHA|USDA|VA) 37 $4,795,000 $129,595 $2,744 2.84%
    Tiffin, OH (FHA|USDA|VA) 36 $4,730,000 $131,389 $2,689 2.83%
    COLUMBUS, OH (FHA|USDA|VA) 5 $1,605,000 $321,000 $4,106 3.03%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $915,000 $183,000 $2,587 3.42%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $735,000 $735,000 $0 3.75%
    Outside of Metro Areas 3 $695,000 $231,667 $0 5.93%
    Findlay, OH (FHA|USDA|VA) 3 $445,000 $148,333 $3,827 3.04%
    AKRON, OH (FHA|USDA|VA) 1 $395,000 $395,000 $3,108 3.25%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $4,142 3.50%
    MONROE, MI (FHA|USDA|VA) 3 $205,000 $68,333 $2,376 2.42%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,241 3.38%
    Defiance, OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,866 3.38%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $55,000 $55,000 $2,174 2.13%
    The Croghan Colonial Bank's top markets include Toledo, Fremont, Sandusky, Cleveland, and Norwalk among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Croghan Colonial Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Bay Area Credit Union, Inc.
    Similarity Rank: 12
    First Federal Savings and Loan Association of Delta
    Similarity Rank: 150
    The Henry County Bank
    Similarity Rank: 333
    MYCUMORTGAGE, LLC
    Similarity Rank: 381
    YOUR HOME FINANCIAL LLC
    Similarity Rank: 720
    First Federal Savings and Loan Association of Lorain
    Similarity Rank: 819
    POLARIS HOME FUNDING CORP.
    Similarity Rank: 924
    First National Bank of Bellevue
    Similarity Rank: 1092
    The Genoa Banking Company
    Similarity Rank: 1305
    The Croghan Colonial Bank
    Similarity Rank: 1479

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 523 $94,675,000 $181,023 $3,212 3.02%

    For 2021, The Croghan Colonial Bank's most frequently originated type of loan was Conventional, with 523 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 246 $43,250,000 $175,813 $3,608 3.19%
    Refi 143 $27,975,000 $195,629 $2,769 2.74%
    Cash Out Refi 123 $21,745,000 $176,789 $2,996 3.01%
    Other 9 $975,000 $108,333 $2,814 2.81%
    Home Improvement 2 $730,000 $365,000 $0 4.22%

    For 2021, The Croghan Colonial Bank's most frequently cited loan purpose was Home Purchase, with 246 originations. The 2nd most popular reason was Refi, with 143 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 261 $42,045,000 $161,092 $3,366 3.05%
    15 Year 122 $17,160,000 $140,656 $2,892 2.46%
    10 Year 68 $20,220,000 $297,353 $2,403 3.72%
    20 Year 59 $9,745,000 $165,169 $2,912 3.05%
    30+ year 7 $3,025,000 $432,143 $8,557 3.55%
    Other 3 $1,155,000 $385,000 $0 4.19%
    3 Year 2 $1,220,000 $610,000 $0 4.27%
    5 Year 1 $105,000 $105,000 $0 4.29%

    For 2021, The Croghan Colonial Bank's most frequently cited loan duration was 30 Year, with 261 originations. The 2nd most popular length was 15 Year, with 122 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 411 $60,575,000 $147,384
    $1k-2k 59 $11,945,000 $202,458
    $2k-3k 3 $1,305,000 $435,000

    The Croghan Colonial Bank's average total fees were $3,366, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 411 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 213 $32,885,000 $154,390
    <2.5% 138 $19,360,000 $140,290
    3-4% 121 $29,575,000 $244,421
    4-5% 46 $12,190,000 $265,000
    7-8% 2 $170,000 $85,000
    Over 8% 2 $70,000 $35,000
    5-6% 1 $425,000 $425,000

    During 2021, The Croghan Colonial Bank's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 213 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 232 $32,670,000 $140,819 $3,076 2.97%
    $100,000 or less 162 $11,650,000 $71,914 $2,649 2.99%
    $200k-400k 95 $24,815,000 $261,211 $4,045 3.01%
    $400k-600k 21 $10,315,000 $491,190 $5,175 3.34%
    $600k-1MM 10 $7,590,000 $759,000 $8,400 3.88%
    $1MM+ 3 $7,635,000 $2,545,000 $0 3.82%

    2021 saw The Croghan Colonial Bank place emphasis on $100k-200k loans with 232 originations, totaling $32,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 129 $16,205,000 $125,620 $3,124 2.97%
    $50k or less 116 $11,300,000 $97,414 $2,802 2.84%
    $100k-150k 89 $17,165,000 $192,865 $3,342 2.79%
    $75k-100k 72 $12,020,000 $166,944 $3,426 2.90%
    $150k-250k 35 $8,495,000 $242,714 $3,492 3.04%
    $250k+ 22 $7,220,000 $328,182 $4,462 2.83%

    The Croghan Colonial Bank lent most frequently to those with incomes in the $50k-75k range, with 129 originations. The second most popular income band? $50k or less, with 116 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 143 $19,265,000 $134,720 $2,949 2.81%
    30-36% 89 $14,135,000 $158,820 $3,295 2.96%
    <20% 63 $9,995,000 $158,651 $3,197 2.79%
    42% 20 $3,370,000 $168,500 $3,663 2.84%
    40% 18 $2,550,000 $141,667 $3,008 2.84%
    41% 17 $2,755,000 $162,059 $3,565 3.00%
    38% 16 $2,930,000 $183,125 $3,557 2.88%
    44% 15 $2,125,000 $141,667 $3,146 2.86%
    36% 14 $2,000,000 $142,857 $3,417 2.96%
    39% 14 $3,170,000 $226,429 $4,322 3.04%
    37% 14 $1,730,000 $123,571 $2,510 3.58%
    43% 12 $2,540,000 $211,667 $3,776 2.91%
    45% 12 $2,120,000 $176,667 $3,221 3.04%
    47% 10 $2,270,000 $227,000 $3,307 2.75%
    49% 8 $1,450,000 $181,250 $3,133 2.97%
    48% 7 $915,000 $130,714 $2,827 2.61%
    46% 3 $675,000 $225,000 $3,906 2.96%

    The Croghan Colonial Bank lent most frequently to those with DTI ratios of 20-30%, with 143 originations. The next most common DTI ratio? 30-36%, with 89 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 434 $69,230,000 $159,516 $3,230 2.90%
    Not applicable 44 $18,620,000 $423,182 $0 4.30%
    Not provided 39 $5,955,000 $152,692 $2,994 2.89%
    Black 3 $425,000 $141,667 $3,065 3.56%
    Asian 2 $390,000 $195,000 $4,026 3.13%
    American Indian 1 $55,000 $55,000 $2,508 2.13%

    Approval Rates

    Total approvals of all applications
    89.97%

    The Croghan Colonial Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.69%

    The Croghan Colonial Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 523 $94,675,000 $181,023

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    523 $94,675,000 $181,023

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $2,680,000 $111,667 $2,832 2.49%
    40-60% 82 $11,860,000 $144,634 $2,805 2.66%
    60-80% 225 $45,635,000 $202,822 $3,008 3.09%
    80-100% 176 $29,290,000 $166,420 $3,692 3.08%
    Over 100% 13 $4,975,000 $382,692 $0 4.33%
    Under 20% 3 $235,000 $78,333 $2,490 2.81%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Croghan Colonial Bank 100 North Main Street Clyde, OH 43410 Full Service B&M $46,529
    The Croghan Colonial Bank 11 Monroe Street Monroeville, OH 44847 Full Service B&M $51,155
    The Croghan Colonial Bank 1315 East State Street Fremont, OH 43420 Full Service B&M $33,395
    The Croghan Colonial Bank 147 West Water Street Oak Harbor, OH 43449 Full Service B&M $86,492
    The Croghan Colonial Bank 1600 River Street Fremont, OH 43420 Full Service B&M $44,334
    The Croghan Colonial Bank 200 North Broadway Green Springs, OH 44836 Full Service B&M $21,973
    The Croghan Colonial Bank 2001 West State Street Fremont, OH 43420 Full Service B&M $54,290
    The Croghan Colonial Bank 226 East Perry Street Port Clinton, OH 43452 Full Service B&M $12,226
    The Croghan Colonial Bank 2820 East Harbor Road Port Clinton, OH 43452 Full Service B&M $53,754
    The Croghan Colonial Bank 323 Croghan Street Fremont, OH 43420 Full Service B&M $231,568
    The Croghan Colonial Bank 4157 Navarre Avenue Oregon, OH 43616 Full Service B&M $20,241
    The Croghan Colonial Bank 48 East Market Street Tiffin, OH 44883 Full Service B&M $45,028
    The Croghan Colonial Bank 60 Whittlesey Avenue Norwalk, OH 44857 Full Service B&M $44,913
    The Croghan Colonial Bank 6465 Wheatstone Court Maumee, OH 43437 Full Service B&M $17,901
    The Croghan Colonial Bank 7182 North Lucas St. Curtice, OH 43412 Full Service B&M $31,244
    The Croghan Colonial Bank 796 West Market Street Tiffin, OH 44883 Full Service B&M $22,187
    The Croghan Colonial Bank 910 Sean Drive Fremont, OH 43420 Full Service B&M $23,349
    The Croghan Colonial Bank One Union Square Bellevue, OH 44811 Full Service B&M $52,537

    For 2021, The Croghan Colonial Bank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $39,818
    Net interest income $38,034
    Total noninterest income $8,315
    Gross Fiduciary activities income $2,364
    Service charges on deposit accounts $1,975
    Trading account gains and fees $0
    Additional Noninterest Income $3,976
    Pre-tax net operating income $17,898
    Securities gains (or losses, -) $-6
    Income before extraordinary items $14,563
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,563
    Minority interest net income $0
    Net income $14,563
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,567

    The Croghan Colonial Bank's gross interest income from loans was $39,818,000.
    The Croghan Colonial Bank's net interest income from loans was $38,034,000.
    The Croghan Colonial Bank's fee based income from loans was $1,975,000.
    The Croghan Colonial Bank's net income from loans was $14,563,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,784
    Provision for credit losses $825
    Total noninterest expense $27,626
    Salaries and employee benefits $16,463
    Premises and equipment expense $3,745
    Additional noninterest expense $7,418
    Applicable income taxes $3,329
    Net charge-offs $313
    Cash dividends $4,783

    The Croghan Colonial Bank's interest expense for loans was $1,784,000.
    The Croghan Colonial Bank's payroll and benefits expense were $16,463,000.
    The Croghan Colonial Bank's property, plant and equipment expenses $3,745,000.

    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 $908,756
    Deposits held in domestic offices $908,756
    Deposits by Individuals, partnerships, and corporations $844,112
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $64,641
    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 $277,829
    Demand deposits $159,820
    Nontransaction accounts $630,927
    Money market deposit accounts (MMDAs) $160,110
    Other savings deposits (excluding MMDAs) $376,606
    Total time deposits $94,211
    Total time and savings deposits $748,936
    Noninterest-bearing deposits $331,711
    Interest-bearing deposits $577,045
    Retail deposits $896,429
    IRAs and Keogh plan accounts $33,616
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,109,448
    Cash & Balances due from depository institutions $41,100
    Interest-bearing balances $21,864
    Total securities $358,379
    Federal funds sold & reverse repurchase $2,247
    Net loans and leases $634,120
    Loan and leases loss allowance $8,769
    Trading account assets $0
    Bank premises and fixed assets $10,936
    Other real estate owned $31
    Goodwill and other intangibles $24,188
    All other assets $38,447

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,109,448
    Total Liabilities $971,525
    Total deposits $908,756
    Interest-bearing deposits $577,045
    Deposits held in domestic offices $908,756
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $39,501
    Trading liabilities $0
    Other borrowed funds $17,500
    Subordinated debt $0
    All other liabilities $5,768

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $634,120
    Loan and leases loss allowance $8,769
    Total loans and leases (domestic) $642,889
    All real estate loans $456,835
    Real estate loans in domestic offices $456,835
    Construction and development loans $43,326
    Residential 1-4 family construction $550
    Other construction, all land development and other land $42,776
    Loans secured by nonfarm nonresidential properties $261,379
    Nonfarm nonresidential secured by owner-occupied properties $93,047
    Commercial real estate & other non-farm, non-residential $168,332
    Multifamily residential real estate $51,811
    1-4 family residential loans $93,957
    Farmland loans $6,362
    Loans held in foreign offices $0
    Farm loans $2,324
    Commercial and industrial loans $81,731
    To non-U.S. addressees $0
    Loans to individuals $101,674
    Credit card loans $2,843
    Related Plans $82
    Consumer Auto Loans $48,539
    Other loans to individuals $50,210
    All other loans & leases $765
    Loans to foreign governments and official institutions $0
    Other loans $33
    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 $2,029
    Non 1-4 family restructured loans & leases $429
    Total loans and leases (foreign) $0

    The Croghan Colonial Bank had $634,120,000 of loans outstanding in 2021. $456,835,000 of loans were in real estate loans. $43,326,000 of loans were in development loans. $51,811,000 of loans were in multifamily mortgage loans. $93,957,000 of loans were in 1-4 family mortgage loans. $2,324,000 of loans were in farm loans. $2,843,000 of loans were in credit card loans. $48,539,000 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 335 $75,340 $224,896
    Nonfarm, nonresidential loans - <$100k 63 $2,744 $43,556
    Nonfarm, nonresidential loans - $100-250k 113 $10,931 $96,735
    Nonfarm, nonresidential loans - $250k-1MM 159 $61,665 $387,830
    Commercial & Industrial, US addressed loans - <$1MM 480 $37,693 $78,527
    Commercial & Industrial, US addressed loans - <$100k 331 $7,891 $23,840
    Commercial & Industrial, US addressed loans - $100-250k 88 $9,411 $106,943
    Commercial & Industrial, US addressed loans - $250k-1MM 61 $20,391 $334,279
    Farmland loans - <$1MM 41 $4,639 $113,146
    Farmland loans - <$100k 13 $384 $29,538
    Farmland loans - $100-250k 15 $969 $64,600
    Farmland loans - $250k-1MM 13 $3,286 $252,769
    Agriculture operations loans - <$1MM 32 $1,982 $61,938
    Agriculture operations loans - <$100k 23 $593 $25,783
    Agriculture operations loans - $100-250k 6 $795 $132,500
    Agriculture operations loans - $250k-1MM 3 $594 $198,000