Logan Bank & Trust Company Mortgage Rates, Fees & Info

Logan, WV

LEI: 5493005G7RUITYI5B094

Tax ID: 55-0476409

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Logan Bank & Trust Company is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Logan Bank & Trust Company has a high proportion of conventional loans. Logan Bank & Trust Company has an average proportion of conventional loans. Their top markets by origination volume include: Mount Gay, Charleston, Huntington, and Beckley among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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

    139

    Origination Dollar Volume (All Markets)

    $12,415,000

    Employee count

    57

    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
    Mount Gay-Shamrock, WV (FHA|USDA|VA) 103 $8,465,000 $82,184 $1,087 4.98%
    CHARLESTON, WV (FHA|USDA|VA) 17 $1,505,000 $88,529 $1,272 5.00%
    Outside of Metro Areas 14 $1,190,000 $85,000 $1,253 5.13%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 4 $1,110,000 $277,500 $2,047 4.62%
    BECKLEY, WV (FHA|USDA|VA) 1 $145,000 $145,000 $1,333 5.12%
    Logan Bank & Trust Company's top markets include Mount Gay, Charleston, Huntington, and Beckley among others.

    Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 135 $11,565,000 $85,667 $1,161 4.99%
    HELOC 2 $210,000 $105,000 n/a 4.75%
    Conventional 2 $640,000 $320,000 $0 0.00%

    For 2018, Logan Bank & Trust Company's most frequently originated type of loan was Conventional, with 135 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 75 $7,895,000 $105,267 $1,248 4.97%
    Cash Out Refi 34 $2,950,000 $86,765 $1,112 5.20%
    Home Improvement 12 $490,000 $40,833 $984 4.89%
    Other 11 $395,000 $35,909 $944 4.86%
    Refi 7 $685,000 $97,857 $1,120 4.56%

    For 2018, Logan Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 41 $2,335,000 $56,951 $1,021 5.29%
    15 Year 37 $3,155,000 $85,270 $1,181 4.94%
    20 Year 33 $3,655,000 $110,758 $1,182 4.79%
    Other 21 $2,975,000 $141,667 $1,396 4.73%
    5 Year 7 $295,000 $42,143 $1,110 5.12%

    For 2018, Logan Bank & Trust Company's most frequently cited loan duration was 10 Year, with 41 originations. The 2nd most popular length was 15 Year, with 37 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 130 $11,230,000 $86,385

    Logan Bank & Trust Company's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 130 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 74 $5,150,000 $69,595
    4-5% 55 $6,175,000 $112,273
    3-4% 7 $425,000 $60,714
    6-7% 1 $25,000 $25,000

    During 2018, Logan Bank & Trust Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 74 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 101 $5,155,000 $51,040 $1,025 5.06%
    $100k-200k 27 $3,895,000 $144,259 $1,372 4.82%
    $200k-400k 10 $2,510,000 $251,000 $1,747 4.77%
    $600k-1MM 1 $855,000 $855,000 $4,536 4.35%

    2018 saw Logan Bank & Trust Company place emphasis on $100,000 or less loans with 101 originations, totaling $5,155,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 41 $3,095,000 $75,488 $1,073 4.86%
    $50k or less 35 $1,715,000 $49,000 $1,018 5.15%
    $100k-150k 27 $1,975,000 $73,148 $1,135 4.97%
    $75k-100k 23 $2,085,000 $90,652 $1,234 5.12%
    $150k-250k 8 $1,500,000 $187,500 $1,427 4.83%
    $250k+ 3 $1,405,000 $468,333 $2,883 4.37%

    Logan Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $50k or less, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 58 $5,480,000 $94,483 $1,229 4.88%
    <20% 39 $3,045,000 $78,077 $1,094 4.99%
    30-36% 22 $1,740,000 $79,091 $1,073 5.04%
    37% 5 $625,000 $125,000 $1,554 5.27%
    38% 4 $230,000 $57,500 $1,168 5.31%
    Exempt% 2 $640,000 $320,000 $0 0.00%
    36% 2 $220,000 $110,000 $1,098 5.35%
    40% 2 $230,000 $115,000 $1,483 5.27%
    42% 2 $100,000 $50,000 $1,055 4.77%
    44% 1 $25,000 $25,000 $877 5.79%
    45% 1 $25,000 $25,000 $955 5.38%
    39% 1 $55,000 $55,000 $457 5.54%

    Logan Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 58 originations. The next most common DTI ratio? <20%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 135 $11,685,000 $86,556 $1,166 4.99%
    Not applicable 2 $640,000 $320,000 $0 0.00%
    Black 2 $90,000 $45,000 $814 4.93%

    Approval Rates

    Total approvals of all applications
    85.41%

    Logan Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.33%

    Logan Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 2 $640,000 $320,000
    NA 137 $11,775,000 $85,949

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $285,000 $285,000
    Multifamily:Site-Built 1 $355,000 $355,000
    Single Family (1-4 Units):Manufactured 32 $1,930,000 $60,313
    Single Family (1-4 Units):Site-Built 105 $9,845,000 $93,762

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $965,000 $45,952 $978 5.03%
    40-60% 19 $1,425,000 $75,000 $1,072 4.85%
    60-80% 62 $6,230,000 $100,484 $1,264 5.05%
    80-100% 32 $3,090,000 $96,563 $1,136 4.95%
    Under 20% 3 $65,000 $21,667 $1,178 4.83%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Logan Bank & Trust Company 1 Us Highway 119 Logan, WV 25601 Full Service B&M $31,312
    Logan Bank & Trust Company 1218 Mcclellan Highway Harts, WV 25524 Full Service B&M $17,336
    Logan Bank & Trust Company 200 Huff Creek Highway Man, WV 25635 Full Service B&M $37,680
    Logan Bank & Trust Company 43 Washington Avenue Logan, WV 25601 Full Service B&M $88,140
    Logan Bank & Trust Company 46 Tracy Vickers Road Chapmanville, WV 25508 Full Service B&M $59,481
    Logan Bank & Trust Company 512-514 Stratton Street Logan, WV 25601 Full Service B&M $0

    For 2018, Logan Bank & Trust Company had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,046
    Net interest income $7,430
    Total noninterest income $1,451
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $530
    Trading account gains and fees $0
    Additional Noninterest Income $921
    Pre-tax net operating income $3,102
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,597
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,597
    Minority interest net income $0
    Net income $2,597
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,597

    Logan Bank & Trust Company's gross interest income from loans was $8,046,000.
    Logan Bank & Trust Company's net interest income from loans was $7,430,000.
    Logan Bank & Trust Company's fee based income from loans was $530,000.
    Logan Bank & Trust Company's net income from loans was $2,597,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $616
    Provision for credit losses $61
    Total noninterest expense $5,718
    Salaries and employee benefits $2,949
    Premises and equipment expense $549
    Additional noninterest expense $2,220
    Applicable income taxes $505
    Net charge-offs $35
    Cash dividends $1,432

    Logan Bank & Trust Company's interest expense for loans was $616,000.
    Logan Bank & Trust Company's payroll and benefits expense were $2,949,000.
    Logan Bank & Trust Company's property, plant and equipment expenses $549,000.

    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 $228,167
    Deposits held in domestic offices $228,167
    Deposits by Individuals, partnerships, and corporations $215,532
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,635
    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 $89,227
    Demand deposits $63,349
    Nontransaction accounts $138,940
    Money market deposit accounts (MMDAs) $10,993
    Other savings deposits (excluding MMDAs) $67,037
    Total time deposits $60,910
    Total time and savings deposits $164,818
    Noninterest-bearing deposits $63,349
    Interest-bearing deposits $164,818
    Retail deposits $215,021
    IRAs and Keogh plan accounts $12,607
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $257,524
    Cash & Balances due from depository institutions $15,810
    Interest-bearing balances $10,789
    Total securities $124,091
    Federal funds sold & reverse repurchase $368
    Net loans and leases $106,482
    Loan and leases loss allowance $1,119
    Trading account assets $0
    Bank premises and fixed assets $1,762
    Other real estate owned $493
    Goodwill and other intangibles $24
    All other assets $8,494

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $257,524
    Total Liabilities $235,736
    Total deposits $228,167
    Interest-bearing deposits $164,818
    Deposits held in domestic offices $228,167
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $6,000
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,569

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $106,482
    Loan and leases loss allowance $1,119
    Total loans and leases (domestic) $107,601
    All real estate loans $73,864
    Real estate loans in domestic offices $73,864
    Construction and development loans $1,594
    Residential 1-4 family construction $0
    Other construction, all land development and other land $1,594
    Loans secured by nonfarm nonresidential properties $15,220
    Nonfarm nonresidential secured by owner-occupied properties $8,137
    Commercial real estate & other non-farm, non-residential $7,083
    Multifamily residential real estate $0
    1-4 family residential loans $57,050
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $23,849
    To non-U.S. addressees $0
    Loans to individuals $9,845
    Credit card loans $200
    Related Plans $267
    Consumer Auto Loans $2,689
    Other loans to individuals $6,689
    All other loans & leases $43
    Loans to foreign governments and official institutions $0
    Other loans $43
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Logan Bank & Trust Company had $106,482,000 of loans outstanding in 2018. $73,864,000 of loans were in real estate loans. $1,594,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $57,050,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $200,000 of loans were in credit card loans. $2,689,000 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 46 $15,220 $330,870
    Nonfarm, nonresidential loans - <$100k 14 $459 $32,786
    Nonfarm, nonresidential loans - $100-250k 13 $1,502 $115,538
    Nonfarm, nonresidential loans - $250k-1MM 19 $13,259 $697,842
    Commercial & Industrial, US addressed loans - <$1MM 265 $23,849 $89,996
    Commercial & Industrial, US addressed loans - <$100k 191 $2,008 $10,513
    Commercial & Industrial, US addressed loans - $100-250k 38 $4,950 $130,263
    Commercial & Industrial, US addressed loans - $250k-1MM 36 $16,891 $469,194