Logan Bank & Trust Company Mortgage Rates, Fees & Info

Logan, WV

LEI: 5493005G7RUITYI5B094

Tax ID: 55-0476409

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

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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 a below average pick rate when compared to similar lenders.

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    Originations

    182

    Origination Dollar Volume (All Markets)

    $20,840,000

    Employee count

    56

    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) 106 $11,190,000 $105,566 $0 0.00%
    CHARLESTON, WV (FHA|USDA|VA) 51 $5,635,000 $110,490 $0 0.00%
    Outside of Metro Areas 25 $4,015,000 $160,600 $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)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 182 $20,840,000 $114,505 $0 0.00%

    For 2021, Logan Bank & Trust Company's most frequently originated type of loan was Conventional, with 182 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 112 $12,780,000 $114,107 $0 0.00%
    Cash Out Refi 44 $4,820,000 $109,545 $0 0.00%
    Home Improvement 9 $715,000 $79,444 $0 0.00%
    Other 9 $1,395,000 $155,000 $0 0.00%
    Refi 8 $1,130,000 $141,250 $0 0.00%

    For 2021, Logan Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 112 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 182 $20,840,000 $114,505 $0 0.00%

    For 2021, Logan Bank & Trust Company's most frequently cited loan duration was Other, with 182 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 95 $5,425,000 $57,105 $0 0.00%
    $100k-200k 61 $8,325,000 $136,475 $0 0.00%
    $200k-400k 24 $6,120,000 $255,000 $0 0.00%
    $400k-600k 2 $970,000 $485,000 $0 0.00%

    2021 saw Logan Bank & Trust Company place emphasis on $100,000 or less loans with 95 originations, totaling $5,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 46 $5,130,000 $111,522 $0 0.00%
    $50k-75k 43 $3,765,000 $87,558 $0 0.00%
    $50k or less 32 $2,180,000 $68,125 $0 0.00%
    $100k-150k 31 $4,205,000 $135,645 $0 0.00%
    $150k-250k 13 $2,555,000 $196,538 $0 0.00%
    $250k+ 9 $2,025,000 $225,000 $0 0.00%

    Logan Bank & Trust Company lent most frequently to those with incomes in the $75k-100k range, with 46 originations. The second most popular income band? $50k-75k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 182 $20,840,000 $114,505 $0 0.00%

    Logan Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 182 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 173 $19,565,000 $113,092 $0 0.00%
    Not applicable 6 $860,000 $143,333 $0 0.00%
    Black 1 $275,000 $275,000 $0 0.00%
    Asian 2 $140,000 $70,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    77.57%

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

    Pick Rate

    Approvals leading to origination
    84.07%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 182 $20,840,000 $114,505

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    182 $20,840,000 $114,505

    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 $40,305
    Logan Bank & Trust Company 1218 Mcclellan Highway Harts, WV 25524 Full Service B&M $20,848
    Logan Bank & Trust Company 200 Huff Creek Highway Man, WV 25635 Full Service B&M $40,490
    Logan Bank & Trust Company 43 Washington Avenue Logan, WV 25601 Full Service B&M $111,331
    Logan Bank & Trust Company 46 Tracy Vickers Road Chapmanville, WV 25508 Full Service B&M $73,098
    Logan Bank & Trust Company 512-514 Stratton Street Logan, WV 25601 Full Service B&M $0

    For 2021, Logan Bank & Trust Company had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,164
    Net interest income $7,477
    Total noninterest income $1,571
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $372
    Trading account gains and fees $0
    Additional Noninterest Income $1,199
    Pre-tax net operating income $3,017
    Securities gains (or losses, -) $482
    Income before extraordinary items $3,020
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,020
    Minority interest net income $0
    Net income $3,020
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,605

    Logan Bank & Trust Company's gross interest income from loans was $8,164,000.
    Logan Bank & Trust Company's net interest income from loans was $7,477,000.
    Logan Bank & Trust Company's fee based income from loans was $372,000.
    Logan Bank & Trust Company's net income from loans was $3,020,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $687
    Provision for credit losses $60
    Total noninterest expense $5,971
    Salaries and employee benefits $3,198
    Premises and equipment expense $495
    Additional noninterest expense $2,278
    Applicable income taxes $479
    Net charge-offs $8
    Cash dividends $1,534

    Logan Bank & Trust Company's interest expense for loans was $687,000.
    Logan Bank & Trust Company's payroll and benefits expense were $3,198,000.
    Logan Bank & Trust Company's property, plant and equipment expenses $495,000.

    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 1.0%
    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 $299,247
    Deposits held in domestic offices $299,247
    Deposits by Individuals, partnerships, and corporations $288,070
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,177
    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 $131,123
    Demand deposits $96,032
    Nontransaction accounts $168,124
    Money market deposit accounts (MMDAs) $14,621
    Other savings deposits (excluding MMDAs) $94,210
    Total time deposits $59,293
    Total time and savings deposits $203,215
    Noninterest-bearing deposits $96,032
    Interest-bearing deposits $203,215
    Retail deposits $282,660
    IRAs and Keogh plan accounts $13,587
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $332,047
    Cash & Balances due from depository institutions $30,030
    Interest-bearing balances $22,927
    Total securities $156,643
    Federal funds sold & reverse repurchase $4,130
    Net loans and leases $129,703
    Loan and leases loss allowance $1,202
    Trading account assets $0
    Bank premises and fixed assets $1,906
    Other real estate owned $124
    Goodwill and other intangibles $24
    All other assets $9,487

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $332,047
    Total Liabilities $303,152
    Total deposits $299,247
    Interest-bearing deposits $203,215
    Deposits held in domestic offices $299,247
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,905

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $129,703
    Loan and leases loss allowance $1,202
    Total loans and leases (domestic) $130,905
    All real estate loans $84,362
    Real estate loans in domestic offices $84,362
    Construction and development loans $1,981
    Residential 1-4 family construction $0
    Other construction, all land development and other land $1,981
    Loans secured by nonfarm nonresidential properties $14,521
    Nonfarm nonresidential secured by owner-occupied properties $6,309
    Commercial real estate & other non-farm, non-residential $8,212
    Multifamily residential real estate $0
    1-4 family residential loans $67,860
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $35,401
    To non-U.S. addressees $0
    Loans to individuals $11,117
    Credit card loans $158
    Related Plans $320
    Consumer Auto Loans $3,318
    Other loans to individuals $7,321
    All other loans & leases $25
    Loans to foreign governments and official institutions $0
    Other loans $25
    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 $783
    Non 1-4 family restructured loans & leases $605
    Total loans and leases (foreign) $0

    Logan Bank & Trust Company had $129,703,000 of loans outstanding in 2021. $84,362,000 of loans were in real estate loans. $1,981,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $67,860,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $158,000 of loans were in credit card loans. $3,318,000 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 48 $14,521 $302,521
    Nonfarm, nonresidential loans - <$100k 18 $524 $29,111
    Nonfarm, nonresidential loans - $100-250k 11 $1,587 $144,273
    Nonfarm, nonresidential loans - $250k-1MM 19 $12,410 $653,158
    Commercial & Industrial, US addressed loans - <$1MM 289 $35,401 $122,495
    Commercial & Industrial, US addressed loans - <$100k 195 $3,809 $19,533
    Commercial & Industrial, US addressed loans - $100-250k 52 $6,732 $129,462
    Commercial & Industrial, US addressed loans - $250k-1MM 42 $24,860 $591,905