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. 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 an average pick rate when compared to similar lenders.

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    Originations

    157

    Origination Dollar Volume (All Markets)

    $13,565,000

    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) 107 $8,055,000 $75,280 $0 0.00%
    CHARLESTON, WV (FHA|USDA|VA) 31 $3,895,000 $125,645 $0 0.00%
    Outside of Metro Areas 19 $1,615,000 $85,000 $0 0.00%
    Logan Bank & Trust Company's top markets include Mount Gay and Charleston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 157 $13,565,000 $86,401 $0 0.00%

    For 2020, Logan Bank & Trust Company's most frequently originated type of loan was Conventional, with 157 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 86 $7,620,000 $88,605 $0 0.00%
    Cash Out Refi 45 $4,315,000 $95,889 $0 0.00%
    Home Improvement 14 $720,000 $51,429 $0 0.00%
    Other 7 $585,000 $83,571 $0 0.00%
    Refi 5 $325,000 $65,000 $0 0.00%

    For 2020, Logan Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 86 originations. The 2nd most popular reason was Cash Out Refi, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 157 $13,565,000 $86,401 $0 0.00%

    For 2020, Logan Bank & Trust Company's most frequently cited loan duration was Other, with 157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 115 $6,215,000 $54,043 $0 0.00%
    $100k-200k 30 $3,910,000 $130,333 $0 0.00%
    $200k-400k 12 $3,440,000 $286,667 $0 0.00%

    2020 saw Logan Bank & Trust Company place emphasis on $100,000 or less loans with 115 originations, totaling $6,215,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 46 $4,260,000 $92,609 $0 0.00%
    $50k or less 35 $1,975,000 $56,429 $0 0.00%
    $50k-75k 30 $2,040,000 $68,000 $0 0.00%
    $75k-100k 23 $2,095,000 $91,087 $0 0.00%
    $150k-250k 14 $1,830,000 $130,714 $0 0.00%
    $250k+ 5 $1,015,000 $203,000 $0 0.00%

    Logan Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 46 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
    Exempt% 157 $13,565,000 $86,401 $0 0.00%

    Logan Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 157 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 152 $13,150,000 $86,513 $0 0.00%
    Not applicable 3 $255,000 $85,000 $0 0.00%
    Black 1 $115,000 $115,000 $0 0.00%
    Other Pacific Islander 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    71.25%

    Logan Bank & Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    91.08%

    Logan Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 157 $13,565,000 $86,401

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 20 $1,940,000 $97,000
    Single Family (1-4 Units):Site-Built 137 $11,625,000 $84,854

    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 $38,167
    Logan Bank & Trust Company 1218 Mcclellan Highway Harts, WV 25524 Full Service B&M $18,810
    Logan Bank & Trust Company 200 Huff Creek Highway Man, WV 25635 Full Service B&M $38,846
    Logan Bank & Trust Company 43 Washington Avenue Logan, WV 25601 Full Service B&M $100,759
    Logan Bank & Trust Company 46 Tracy Vickers Road Chapmanville, WV 25508 Full Service B&M $67,591
    Logan Bank & Trust Company 512-514 Stratton Street Logan, WV 25601 Full Service B&M $0

    For 2020, Logan Bank & Trust Company had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,134
    Net interest income $7,137
    Total noninterest income $1,399
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $384
    Trading account gains and fees $0
    Additional Noninterest Income $1,015
    Pre-tax net operating income $2,632
    Securities gains (or losses, -) $133
    Income before extraordinary items $2,407
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,407
    Minority interest net income $0
    Net income $2,407
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,291

    Logan Bank & Trust Company's gross interest income from loans was $8,134,000.
    Logan Bank & Trust Company's net interest income from loans was $7,137,000.
    Logan Bank & Trust Company's fee based income from loans was $384,000.
    Logan Bank & Trust Company's net income from loans was $2,407,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $997
    Provision for credit losses $100
    Total noninterest expense $5,804
    Salaries and employee benefits $3,246
    Premises and equipment expense $540
    Additional noninterest expense $2,018
    Applicable income taxes $358
    Net charge-offs $7
    Cash dividends $1,593

    Logan Bank & Trust Company's interest expense for loans was $997,000.
    Logan Bank & Trust Company's payroll and benefits expense were $3,246,000.
    Logan Bank & Trust Company's property, plant and equipment expenses $540,000.

    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 4.0%
    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 $267,508
    Deposits held in domestic offices $267,508
    Deposits by Individuals, partnerships, and corporations $255,140
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,368
    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 $114,446
    Demand deposits $82,795
    Nontransaction accounts $153,062
    Money market deposit accounts (MMDAs) $12,465
    Other savings deposits (excluding MMDAs) $77,252
    Total time deposits $63,345
    Total time and savings deposits $184,713
    Noninterest-bearing deposits $82,795
    Interest-bearing deposits $184,713
    Retail deposits $249,985
    IRAs and Keogh plan accounts $14,092
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $301,829
    Cash & Balances due from depository institutions $24,911
    Interest-bearing balances $16,466
    Total securities $132,589
    Federal funds sold & reverse repurchase $5,041
    Net loans and leases $127,441
    Loan and leases loss allowance $1,150
    Trading account assets $0
    Bank premises and fixed assets $1,987
    Other real estate owned $229
    Goodwill and other intangibles $24
    All other assets $9,607

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $301,829
    Total Liabilities $272,147
    Total deposits $267,508
    Interest-bearing deposits $184,713
    Deposits held in domestic offices $267,508
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,639

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $127,441
    Loan and leases loss allowance $1,150
    Total loans and leases (domestic) $128,591
    All real estate loans $82,257
    Real estate loans in domestic offices $82,257
    Construction and development loans $1,869
    Residential 1-4 family construction $0
    Other construction, all land development and other land $1,869
    Loans secured by nonfarm nonresidential properties $19,122
    Nonfarm nonresidential secured by owner-occupied properties $9,162
    Commercial real estate & other non-farm, non-residential $9,960
    Multifamily residential real estate $0
    1-4 family residential loans $61,266
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $36,633
    To non-U.S. addressees $0
    Loans to individuals $9,637
    Credit card loans $137
    Related Plans $219
    Consumer Auto Loans $3,252
    Other loans to individuals $6,029
    All other loans & leases $64
    Loans to foreign governments and official institutions $0
    Other loans $64
    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 $127,441,000 of loans outstanding in 2020. $82,257,000 of loans were in real estate loans. $1,869,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $61,266,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $137,000 of loans were in credit card loans. $3,252,000 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 53 $19,122 $360,792
    Nonfarm, nonresidential loans - <$100k 18 $588 $32,667
    Nonfarm, nonresidential loans - $100-250k 11 $1,845 $167,727
    Nonfarm, nonresidential loans - $250k-1MM 24 $16,689 $695,375
    Commercial & Industrial, US addressed loans - <$1MM 456 $36,633 $80,336
    Commercial & Industrial, US addressed loans - <$100k 349 $7,923 $22,702
    Commercial & Industrial, US addressed loans - $100-250k 68 $8,799 $129,397
    Commercial & Industrial, US addressed loans - $250k-1MM 39 $19,911 $510,538