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

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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
Home Equity Line of Credit (HELOC)	6.27%	11/21/24
30 Year Conventional Purchase	6.73%	11/21/24
30 Year Conventional Refi	6.43%	11/21/24
30 Year Cash-out Refi	7.06%	11/21/24
30 Year FHA Purchase	6.27%	11/21/24
30 Year VA Purchase	6.27%	11/21/24
30 Year USDA Purchase	6.27%	11/21/24
15 Year Conventional Purchase	6.60%	11/21/24
15 Year Conventional Refi	6.23%	11/21/24
15 Year Cash-out Refi	6.23%	11/21/24
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

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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

Awards

The Croghan Colonial Bank 30 Year Conventional Loans gold

The Croghan Colonial Bank 30 Year Conventional Loans silver

The Croghan Colonial Bank 30 Year Conventional Loans bronze

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.

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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