Logan Bank & Trust Company Mortgage Rates, Fees & Info
Logan, WVLEI: 5493005G7RUITYI5B094
Tax ID: 55-0476409
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Logan Bank & Trust Company is a smaller bank specializing in Home Purchase loans. Logan Bank & Trust Company has a high proportion of conventional loans. Their top two markets are Mount Gay and Charleston .Logan Bank & Trust Company 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.
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Originations
167Origination Dollar Volume (All Markets)
$19,365,000Top 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 |
|---|---|---|---|---|---|
| Mount Gay-Shamrock, WV (FHA|USDA|VA) | 109 | $10,735,000 | $98,486 | $0 | 0.00% |
| Outside of Metro Areas | 33 | $6,115,000 | $185,303 | $0 | 0.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 25 | $2,515,000 | $100,600 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 167 | $19,365,000 | $115,958 | $0 | 0.00% |
For 2023, Logan Bank & Trust Company's most frequently originated type of loan was Conventional, with 167 originations.
Loan Reason
For 2023, Logan Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Home Improvement, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 167 | $19,365,000 | $115,958 | $0 | 0.00% |
For 2023, Logan Bank & Trust Company's most frequently cited loan duration was Other, with 167 originations.
Loan Sizing
2023 saw Logan Bank & Trust Company place emphasis on $100,000 or less loans with 97 originations, totaling $5,115,000 in origination value.
Applicant Income
Logan Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $75k-100k, with 32 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 167 | $19,365,000 | $115,958 | $0 | 0.00% |
Logan Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 167 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 158 | $18,770,000 | $118,797 | $0 | 0.00% |
| Not applicable | 8 | $520,000 | $65,000 | $0 | 0.00% |
| Black | 1 | $75,000 | $75,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications79.49%
Logan Bank & Trust Company has a below average approval rate.
Pick Rate
Approvals leading to origination70.06%
Logan Bank & Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 167 | $19,365,000 | $115,958 |