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)

    • 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

    227

    Origination Dollar Volume (All Markets)

    $30,165,000

    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) 109 $11,985,000 $109,954 $0 0.00%
    CHARLESTON, WV (FHA|USDA|VA) 66 $9,490,000 $143,788 $0 0.00%
    Outside of Metro Areas 52 $8,690,000 $167,115 $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)
  • South Carolina (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 227 $30,165,000 $132,885 $0 0.00%

    For 2022, Logan Bank & Trust Company's most frequently originated type of loan was Conventional, with 227 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 163 $23,105,000 $141,748 $0 0.00%
    Refi 47 $4,525,000 $96,277 $0 0.00%
    Home Improvement 12 $940,000 $78,333 $0 0.00%
    Other 5 $1,595,000 $319,000 $0 0.00%

    For 2022, Logan Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 163 originations. The 2nd most popular reason was Refi, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 227 $30,165,000 $132,885 $0 0.00%

    For 2022, Logan Bank & Trust Company's most frequently cited loan duration was Other, with 227 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 114 $6,640,000 $58,246 $0 0.00%
    $100k-200k 77 $11,055,000 $143,571 $0 0.00%
    $200k-400k 29 $7,155,000 $246,724 $0 0.00%
    $600k-1MM 4 $2,880,000 $720,000 $0 0.00%
    $400k-600k 2 $1,020,000 $510,000 $0 0.00%
    $1MM+ 1 $1,415,000 $1,415,000 $0 0.00%

    2022 saw Logan Bank & Trust Company place emphasis on $100,000 or less loans with 114 originations, totaling $6,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 55 $7,585,000 $137,909 $0 0.00%
    $50k-75k 52 $4,590,000 $88,269 $0 0.00%
    $75k-100k 45 $5,085,000 $113,000 $0 0.00%
    $150k-250k 32 $5,690,000 $177,813 $0 0.00%
    $50k or less 32 $2,120,000 $66,250 $0 0.00%
    $250k+ 8 $4,210,000 $526,250 $0 0.00%

    Logan Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 55 originations. The second most popular income band? $50k-75k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 227 $30,165,000 $132,885 $0 0.00%

    Logan Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 227 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 222 $29,800,000 $134,234 $0 0.00%
    Black 3 $235,000 $78,333 $0 0.00%
    Not applicable 2 $130,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.78%

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

    Pick Rate

    Approvals leading to origination
    82.38%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 227 $30,165,000 $132,885

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    227 $30,165,000 $132,885