First State Bank Mortgage Rates, Fees & Info

Winchester, OH

LEI: 54930065TMWOWFAXBL88

Tax ID: 31-4344400

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    First State Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. First State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Washington Court House, Wilmington, Columbus, and Portsmouth among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First State Bank 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. First State Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.84% 5/4/24
    30 Year Conventional Purchase 7.14% 5/4/24
    30 Year Conventional Refi 7.06% 5/4/24
    30 Year Cash-out Refi 7.06% 5/4/24
    15 Year Conventional Purchase 7.09% 5/4/24
    15 Year Conventional Refi 7.23% 5/4/24
    15 Year Cash-out Refi 7.23% 5/4/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    First State Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First State Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    560

    Origination Dollar Volume (All Markets)

    $82,060,000

    Employee count

    139

    Awards

    First State Bank 30 Year Conventional Loans gold First State Bank 30 Year Conventional Loans gold First State Bank 30 Year Conventional Loans gold
    Show all (3) awards

    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
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 230 $36,670,000 $159,435 $1,916 3.15%
    Outside of Metro Areas 263 $35,895,000 $136,483 $1,892 3.33%
    Washington Court House, OH (FHA|USDA|VA) 19 $2,735,000 $143,947 $1,995 3.68%
    Wilmington, OH (FHA|USDA|VA) 22 $2,630,000 $119,545 $2,002 3.52%
    COLUMBUS, OH (FHA|USDA|VA) 6 $1,430,000 $238,333 $2,401 3.15%
    Portsmouth, OH (FHA|USDA|VA) 6 $1,000,000 $166,667 $1,832 3.50%
    Maysville, KY (FHA|USDA|VA) 5 $545,000 $109,000 $1,757 3.80%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $480,000 $120,000 $1,312 4.38%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $385,000 $385,000 $1,900 2.50%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 2 $160,000 $80,000 $1,774 3.75%
    Chillicothe, OH (FHA|USDA|VA) 2 $130,000 $65,000 $1,999 3.13%
    First State Bank's top markets include Cincinnati, Washington Court House, Wilmington, Columbus, and Portsmouth among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The North Side Bank & Trust Company
    Similarity Rank: 350
    CINFED Federal Credit Union
    Similarity Rank: 651
    First State Bank
    Similarity Rank: 770
    Sharefax Credit Union
    Similarity Rank: 936
    Somerville Bank
    Similarity Rank: 1152
    Central Bank
    Similarity Rank: 1218
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 1323
    COMMONWEALTH
    Similarity Rank: 1425
    LCNB National Bank
    Similarity Rank: 1612
    TELHIO
    Similarity Rank: 1750

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 560 $82,060,000 $146,536 $1,908 3.29%

    For 2020, First State Bank's most frequently originated type of loan was Conventional, with 560 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 254 $40,370,000 $158,937 $1,892 2.98%
    Home Purchase 171 $21,245,000 $124,240 $1,859 3.73%
    Cash Out Refi 126 $19,320,000 $153,333 $2,000 3.25%
    Other 7 $995,000 $142,143 $1,937 3.82%
    Home Improvement 2 $130,000 $65,000 $0 4.88%

    For 2020, First State Bank's most frequently cited loan purpose was Refi, with 254 originations. The 2nd most popular reason was Home Purchase, with 171 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 218 $35,120,000 $161,101 $2,006 3.30%
    15 Year 169 $23,945,000 $141,686 $1,845 2.93%
    20 Year 99 $14,595,000 $147,424 $1,984 3.57%
    10 Year 37 $2,355,000 $63,649 $1,172 3.84%
    Other 35 $6,015,000 $171,857 $2,066 3.48%
    5 Year 2 $30,000 $15,000 $64 4.50%

    For 2020, First State Bank's most frequently cited loan duration was 30 Year, with 218 originations. The 2nd most popular length was 15 Year, with 169 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 494 $75,650,000 $153,138

    First State Bank's average total fees were $2,006, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 494 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 169 $28,965,000 $171,391
    3-4% 148 $22,950,000 $155,068
    <2.5% 130 $19,820,000 $152,462
    4-5% 94 $9,520,000 $101,277
    5-6% 16 $660,000 $41,250
    6-7% 3 $145,000 $48,333

    During 2020, First State Bank's average interest rate for loans was 3.30%, while their most frequently originated rate bucket for loans was 2.5-3%, with 169 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 236 $33,730,000 $142,924 $1,929 3.01%
    $100,000 or less 189 $11,795,000 $62,407 $1,529 3.79%
    $200k-400k 128 $33,190,000 $259,297 $2,265 3.04%
    $400k-600k 7 $3,345,000 $477,857 $2,644 3.34%

    2020 saw First State Bank place emphasis on $100k-200k loans with 236 originations, totaling $33,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 120 $20,100,000 $167,500 $2,008 3.18%
    $50k-75k 113 $15,085,000 $133,496 $1,877 3.22%
    $50k or less 112 $9,990,000 $89,196 $1,719 3.57%
    $75k-100k 99 $14,075,000 $142,172 $1,860 3.14%
    $150k-250k 66 $13,850,000 $209,848 $2,158 3.29%
    $250k+ 11 $2,885,000 $262,273 $2,274 3.15%

    First State Bank lent most frequently to those with incomes in the $100k-150k range, with 120 originations. The second most popular income band? $50k-75k, with 113 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 152 $22,390,000 $147,303 $1,877 3.07%
    30-36% 91 $14,115,000 $155,110 $1,931 3.15%
    <20% 75 $10,185,000 $135,800 $1,847 2.92%
    37% 20 $2,600,000 $130,000 $1,688 3.79%
    36% 16 $2,560,000 $160,000 $2,029 3.21%
    39% 15 $2,605,000 $173,667 $2,129 3.26%
    40% 14 $2,320,000 $165,714 $2,011 2.95%
    38% 12 $2,010,000 $167,500 $2,048 3.13%
    45% 11 $1,655,000 $150,455 $1,900 3.36%
    42% 10 $2,090,000 $209,000 $2,230 2.85%
    44% 10 $1,870,000 $187,000 $1,913 3.10%
    43% 8 $1,400,000 $175,000 $1,909 3.03%
    46% 8 $1,380,000 $172,500 $2,137 3.16%
    41% 7 $1,525,000 $217,857 $1,873 2.86%
    48% 6 $920,000 $153,333 $1,800 2.98%
    50-60% 5 $1,085,000 $217,000 $2,227 3.85%
    49% 4 $560,000 $140,000 $2,080 3.69%
    47% 4 $520,000 $130,000 $1,827 3.78%
    >60% 3 $365,000 $121,667 $1,086 4.33%

    First State Bank lent most frequently to those with DTI ratios of 20-30%, with 152 originations. The next most common DTI ratio? 30-36%, with 91 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 465 $68,735,000 $147,817 $1,898 3.20%
    Not provided 75 $10,155,000 $135,400 $1,982 3.55%
    Not applicable 16 $2,580,000 $161,250 $0 4.46%
    Asian 2 $430,000 $215,000 $1,953 2.88%
    Black 1 $145,000 $145,000 $2,005 4.50%
    Native Hawaiian or Islander 1 $15,000 $15,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    87.30%

    First State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.89%

    First State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 560 $82,060,000 $146,536

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 48 $3,590,000 $74,792
    Single Family (1-4 Units):Site-Built 512 $78,470,000 $153,262

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $2,970,000 $82,500 $1,659 3.29%
    40-60% 98 $11,620,000 $118,571 $1,822 3.14%
    60-80% 290 $47,760,000 $164,690 $1,998 3.22%
    80-100% 121 $19,395,000 $160,289 $2,035 3.41%
    Under 20% 15 $315,000 $21,000 $179 4.49%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 2 13.3%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 4 26.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 3 20.0%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 6.7%
    FIRST HORIZON BANK Other type of mortgage Closing on a mortgage 2 13.3%
    FIRST HORIZON BANK Other type of mortgage Struggling to pay mortgage 1 6.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First State Bank 145 North Main Street Peebles, OH 45660 Full Service B&M $31,073
    First State Bank 105 South Main Street Seaman, OH 45679 Full Service B&M $40,232
    First State Bank 1584 Rombach Avenue Wilmington, OH 45177 Full Service B&M $2,765
    First State Bank 19230 State Route 136 Winchester, OH 45697 Full Service B&M $80,336
    First State Bank 19575 Us 68 Fayetteville, OH 45118 Full Service B&M $8,376
    First State Bank 210 Pike Street Manchester, OH 45144 Full Service B&M $36,007
    First State Bank 252 S. 2nd Street Ripley, OH 45167 Full Service B&M $24,745
    First State Bank 409 West Main Street West Union, OH 45693 Full Service B&M $95,820
    First State Bank 4901 Vine Street Cincinnati, OH 45217 Full Service B&M $13,321
    First State Bank 4928 Street, Route 125 Georgetown, OH 45121 Full Service B&M $83,780
    First State Bank 501 West Main Street Mount Orab, OH 45154 Full Service B&M $17,187
    First State Bank 543 Clinton Avenue Washington Court House, OH 43160 Full Service B&M $54,430
    First State Bank 730 Harry Sauner Rd. Hillsboro, OH 45133 Full Service B&M $25,792

    For 2020, First State Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,656
    Net interest income $17,950
    Total noninterest income $5,040
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,071
    Trading account gains and fees $0
    Additional Noninterest Income $3,969
    Pre-tax net operating income $5,785
    Securities gains (or losses, -) $2,120
    Income before extraordinary items $6,459
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,459
    Minority interest net income $0
    Net income $6,459
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,720

    First State Bank's gross interest income from loans was $20,656,000.
    First State Bank's net interest income from loans was $17,950,000.
    First State Bank's fee based income from loans was $1,071,000.
    First State Bank's net income from loans was $6,459,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,706
    Provision for credit losses $1,714
    Total noninterest expense $15,491
    Salaries and employee benefits $8,568
    Premises and equipment expense $2,442
    Additional noninterest expense $4,481
    Applicable income taxes $1,446
    Net charge-offs $628
    Cash dividends $1,267

    First State Bank's interest expense for loans was $2,706,000.
    First State Bank's payroll and benefits expense were $8,568,000.
    First State Bank's property, plant and equipment expenses $2,442,000.

    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 2.0%
    Nonfarm, nonresidential loans 1.0%
    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 $527,886
    Deposits held in domestic offices $527,886
    Deposits by Individuals, partnerships, and corporations $441,077
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $86,525
    Deposits by Commercial banks and other depository institutions in U.S. $284
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $294,563
    Demand deposits $134,354
    Nontransaction accounts $233,323
    Money market deposit accounts (MMDAs) $8,132
    Other savings deposits (excluding MMDAs) $114,309
    Total time deposits $110,882
    Total time and savings deposits $393,532
    Noninterest-bearing deposits $108,850
    Interest-bearing deposits $419,036
    Retail deposits $519,500
    IRAs and Keogh plan accounts $25,329
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $602,817
    Cash & Balances due from depository institutions $54,597
    Interest-bearing balances $47,457
    Total securities $206,013
    Federal funds sold & reverse repurchase $1,528
    Net loans and leases $313,381
    Loan and leases loss allowance $5,573
    Trading account assets $0
    Bank premises and fixed assets $10,103
    Other real estate owned $0
    Goodwill and other intangibles $2,290
    All other assets $14,905

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $602,817
    Total Liabilities $540,582
    Total deposits $527,886
    Interest-bearing deposits $419,036
    Deposits held in domestic offices $527,886
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,238
    Subordinated debt $0
    All other liabilities $2,458

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $313,381
    Loan and leases loss allowance $5,573
    Total loans and leases (domestic) $318,954
    All real estate loans $259,224
    Real estate loans in domestic offices $259,224
    Construction and development loans $12,292
    Residential 1-4 family construction $4,751
    Other construction, all land development and other land $7,541
    Loans secured by nonfarm nonresidential properties $81,829
    Nonfarm nonresidential secured by owner-occupied properties $19,482
    Commercial real estate & other non-farm, non-residential $62,347
    Multifamily residential real estate $10,134
    1-4 family residential loans $129,785
    Farmland loans $25,184
    Loans held in foreign offices $0
    Farm loans $2,590
    Commercial and industrial loans $8,832
    To non-U.S. addressees $0
    Loans to individuals $41,246
    Credit card loans $176
    Related Plans $42
    Consumer Auto Loans $34,543
    Other loans to individuals $6,485
    All other loans & leases $7,062
    Loans to foreign governments and official institutions $0
    Other loans $202
    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 $241
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First State Bank had $313,381,000 of loans outstanding in 2020. $259,224,000 of loans were in real estate loans. $12,292,000 of loans were in development loans. $10,134,000 of loans were in multifamily mortgage loans. $129,785,000 of loans were in 1-4 family mortgage loans. $2,590,000 of loans were in farm loans. $176,000 of loans were in credit card loans. $34,543,000 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 280 $44,633 $159,404
    Nonfarm, nonresidential loans - <$100k 93 $4,085 $43,925
    Nonfarm, nonresidential loans - $100-250k 110 $13,296 $120,873
    Nonfarm, nonresidential loans - $250k-1MM 77 $27,252 $353,922
    Commercial & Industrial, US addressed loans - <$1MM 286 $8,676 $30,336
    Commercial & Industrial, US addressed loans - <$100k 260 $4,714 $18,131
    Commercial & Industrial, US addressed loans - $100-250k 18 $1,868 $103,778
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $2,094 $261,750
    Farmland loans - <$1MM 155 $20,587 $132,819
    Farmland loans - <$100k 63 $2,955 $46,905
    Farmland loans - $100-250k 63 $8,619 $136,810
    Farmland loans - $250k-1MM 29 $9,013 $310,793
    Agriculture operations loans - <$1MM 116 $2,590 $22,328
    Agriculture operations loans - <$100k 111 $2,124 $19,135
    Agriculture operations loans - $100-250k 5 $466 $93,200