The Community Bank Mortgage Rates, Fees & Info

Zanesville, OH

LEI: 5493007G0MFTSE8JPV83

Tax ID: 31-4159790

5 stars - out of 5 stars, based on 24 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The Community Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. The Community Bank has a high proportion of conventional loans. Their top markets include Zanesville, Columbus, Cambridge, Mount Vernon, and Coshocton among others. The Community Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. The Community Bank is typically a low fee lendor.


Originations

555

Origination Dollar Volume (All Markets)

$97,885,000

Employee count

137

Awards

The Community Bank 30 Year Conventional Loans bronze The Community Bank 30 Year Conventional Loans gold The Community Bank 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

The Community Bank's average 30 year fixed rate mortgage of loans were 3.32%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.17%.

Relative Fees

The Community Bank's average total fees for a 30 year fixed rate mortgage are $2,941.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Zanesville, OH (FHA|USDA|VA) 284 $44,800,000 $157,746 $2,764 3.33%
COLUMBUS, OH (FHA|USDA|VA) 178 $37,930,000 $213,090 $3,098 3.64%
Cambridge, OH (FHA|USDA|VA) 63 $10,705,000 $169,921 $2,763 3.18%
Outside of Metro Areas 12 $1,630,000 $135,833 $2,648 2.96%
Mount Vernon, OH (FHA|USDA|VA) 8 $1,280,000 $160,000 $3,341 3.92%
Coshocton, OH (FHA|USDA|VA) 7 $945,000 $135,000 $2,446 3.13%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $285,000 $285,000 $2,727 3.13%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $235,000 $235,000 $2,219 2.75%
WHEELING, WV-OH (FHA|USDA|VA) 1 $75,000 $75,000 $1,719 3.00%

The Community Bank's top markets include Zanesville, Columbus, Cambridge, Mount Vernon, and Coshocton among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 555 $97,885,000 $176,369 $2,848 3.41%

For the 2021 period, The Community Bank's most frequently originated loan type of loans were Conventional, with 555 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 231 $42,385,000 $183,485 $3,196 3.75%
Refi 170 $32,740,000 $192,588 $2,749 3.16%
Cash Out Refi 152 $22,570,000 $148,487 $2,541 3.15%
Home Improvement 2 $190,000 $95,000 $0 5.00%

For the 2021, The Community Bank's most frequently cited loan purpose of loans were Home Purchase, with 231 originations. The 2nd most popular reason of loans were Refi, with 170 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 247 $45,945,000 $186,012 $2,941 3.32%
15 Year 166 $25,090,000 $151,145 $2,483 3.46%
20 Year 50 $7,680,000 $153,600 $2,819 3.12%
30+ year 36 $9,340,000 $259,444 $3,593 3.59%
Other 31 $7,525,000 $242,742 $2,968 3.99%
10 Year 22 $2,140,000 $97,273 $2,088 3.39%
5 Year 3 $165,000 $55,000 $920 4.92%

For the 2021, The Community Bank's most frequently cited loan length of loans were 30 Year, with 247 originations. The 2nd most popular length of loans were 15 Year, with 166 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 384 $63,940,000 $166,510
$1k-2k 61 $13,125,000 $215,164
$2k-3k 6 $1,660,000 $276,667
$3k-4k 1 $205,000 $205,000

$2,941 of loans were The Community Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 384 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 191 $32,825,000 $171,859
3-4% 171 $35,175,000 $205,702
4-5% 115 $18,765,000 $163,174
<2.5% 62 $9,260,000 $149,355
5-6% 16 $1,860,000 $116,250

During 2021, The Community Bank's average interest rate of loans were 3.32%, while their most frequently originated rate bucket of loans were 2.5-3%, with 191 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 222 $31,870,000 $143,559 $2,768 3.35%
$100,000 or less 159 $10,845,000 $68,208 $2,399 3.58%
$200k-400k 151 $40,515,000 $268,311 $3,239 3.30%
$400k-600k 19 $8,855,000 $466,053 $3,705 3.38%
$600k-1MM 3 $2,505,000 $835,000 $0 3.83%
$1MM+ 1 $3,295,000 $3,295,000 $0 4.50%

2021 saw The Community Bank place emphasis on $100k-200k loans with 222 originations, totaling $31,870,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 138 $19,830,000 $143,696 $2,815 3.31%
$75k-100k 100 $17,970,000 $179,700 $2,929 3.25%
$50k or less 98 $9,610,000 $98,061 $2,681 3.18%
$100k-150k 97 $21,895,000 $225,722 $2,993 3.33%
$150k-250k 35 $9,555,000 $273,000 $3,273 3.19%
$250k+ 14 $3,870,000 $276,429 $3,078 2.99%

The Community Bank lent most frequently to those with incomes in the $50k-75k range, with 138 originations. The second most popular income band? $75k-100k, with 100 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 129 $20,925,000 $162,209 $2,837 3.07%
30-36% 101 $17,735,000 $175,594 $2,958 3.18%
<20% 53 $8,175,000 $154,245 $2,656 2.99%
37% 20 $3,620,000 $181,000 $2,912 3.61%
43% 19 $4,175,000 $219,737 $3,002 3.20%
41% 18 $3,890,000 $216,111 $2,957 3.45%
39% 18 $3,380,000 $187,778 $2,807 3.15%
40% 17 $2,855,000 $167,941 $3,080 3.57%
42% 17 $3,065,000 $180,294 $2,813 3.09%
36% 16 $3,300,000 $206,250 $3,350 3.41%
44% 15 $2,515,000 $167,667 $2,795 3.06%
38% 15 $2,805,000 $187,000 $2,637 3.22%
45% 9 $1,465,000 $162,778 $3,034 3.14%
47% 3 $755,000 $251,667 $3,467 2.92%
46% 1 $335,000 $335,000 $3,119 3.00%
50-60% 1 $125,000 $125,000 $2,495 2.63%

The Community Bank lent most frequently to those with DTI ratios of 20-30%, with 129 originations. The next most common DTI ratio? 30-36%, with 101 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 481 $82,575,000 $171,674 $2,846 3.26%
Not applicable 60 $13,210,000 $220,167 $0 4.62%
Asian 4 $710,000 $177,500 $3,759 2.91%
Black 5 $655,000 $131,000 $2,683 3.43%
Not provided 3 $465,000 $155,000 $2,350 4.00%
Vietnamese 1 $215,000 $215,000 $2,968 3.00%
American Indian 1 $55,000 $55,000 $2,576 3.13%

Approval Rates

Total approvals of all applications
88.84%

The Community Bank has an average approval rate.

Pick Rate

Approvals leading to origination
83.72%

The Community Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 555 $97,885,000 $176,369

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
555 $97,885,000 $176,369

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 41 $4,635,000 $113,049 $2,422 3.10%
40-60% 95 $13,865,000 $145,947 $2,782 3.14%
60-80% 246 $45,590,000 $185,325 $2,851 3.39%
80-100% 166 $33,510,000 $201,867 $3,068 3.63%
Under 20% 7 $285,000 $40,714 $1,348 4.25%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
The Community Bank 10 W Third Street Frazeysburg, OH 43822 Full Service B&M $34,181
The Community Bank 902 Wheeling Avenue Cambridge, OH 43725 Full Service B&M $19,132
The Community Bank 113 North Fifth Street Zanesville, OH 43701 Full Service B&M $100,405
The Community Bank 199 West Main Street New Concord, OH 43762 Full Service B&M $44,623
The Community Bank 2750 Maysville Pike South Zanesville, OH 43701 Full Service B&M $77,628
The Community Bank 3795 Northpointe Drive Zanesville, OH 43701 Full Service B&M $76,786
The Community Bank 3960 Dillon Falls Rd Zanesville, OH 43701 Full Service B&M $33,690
The Community Bank 42 East Main Street Crooksville, OH 43731 Full Service B&M $53,436
The Community Bank 4990 East Pike Zanesville, OH 43701 Full Service B&M $40,093
The Community Bank 61246 Southgate Parkway Cambridge, OH 43725 Full Service B&M $13,907
The Community Bank 835 N 21st St Newark, OH 43055 Full Service B&M $16,448

For 2021, The Community Bank had 11 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $18,392
Net interest income $16,121
Total noninterest income $6,834
Gross Fiduciary activities income $732
Service charges on deposit accounts $760
Trading account gains and fees $0
Additional Noninterest Income $5,342
Pre-tax net operating income $5,612
Securities gains (or losses, -) $2
Income before extraordinary items $4,564
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $4,564
Minority interest net income $0
Net income $4,564
Sale, conversion, retirement of capital stock, net $0
Net operating income $4,562

The Community Bank's gross interest income from loans was $18,392,000.
The Community Bank's net interest income from loans was $16,121,000.
The Community Bank's fee based income from loans was $760,000.
The Community Bank's net income from loans was $4,564,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,271
Provision for credit losses $0
Total noninterest expense $17,343
Salaries and employee benefits $9,193
Premises and equipment expense $2,173
Additional noninterest expense $5,977
Applicable income taxes $1,050
Net charge-offs $-100
Cash dividends $3,823

The Community Bank's interest expense for loans was $2,271,000.
The Community Bank's payroll and benefits expense were $9,193,000.
The Community Bank's property, plant and equipment expenses $2,173,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 1.0%
Real Estate loans 1.0%
Construction & Land Development loans 3.0%
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 0.1%
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 $531,334
Deposits held in domestic offices $531,334
Deposits by Individuals, partnerships, and corporations $480,618
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $50,716
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 $266,680
Demand deposits $164,908
Nontransaction accounts $264,654
Money market deposit accounts (MMDAs) $43,482
Other savings deposits (excluding MMDAs) $108,126
Total time deposits $113,044
Total time and savings deposits $366,426
Noninterest-bearing deposits $160,513
Interest-bearing deposits $370,821
Retail deposits $518,727
IRAs and Keogh plan accounts $21,455
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $586,450
Cash & Balances due from depository institutions $119,833
Interest-bearing balances $109,943
Total securities $108,226
Federal funds sold & reverse repurchase $331
Net loans and leases $330,347
Loan and leases loss allowance $5,191
Trading account assets $0
Bank premises and fixed assets $10,976
Other real estate owned $0
Goodwill and other intangibles $3,422
All other assets $13,315

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $586,450
Total Liabilities $535,596
Total deposits $531,334
Interest-bearing deposits $370,821
Deposits held in domestic offices $531,334
% insured (estimated) $77
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $4,262

Issued Loan Types

Type Value (in 000's)
Net loans and leases $330,347
Loan and leases loss allowance $5,191
Total loans and leases (domestic) $335,538
All real estate loans $274,495
Real estate loans in domestic offices $274,495
Construction and development loans $13,567
Residential 1-4 family construction $8,352
Other construction, all land development and other land $5,215
Loans secured by nonfarm nonresidential properties $84,915
Nonfarm nonresidential secured by owner-occupied properties $57,916
Commercial real estate & other non-farm, non-residential $26,999
Multifamily residential real estate $10,761
1-4 family residential loans $163,737
Farmland loans $1,515
Loans held in foreign offices $0
Farm loans $195
Commercial and industrial loans $36,156
To non-U.S. addressees $0
Loans to individuals $24,429
Credit card loans $2,469
Related Plans $0
Consumer Auto Loans $11,980
Other loans to individuals $9,980
All other loans & leases $272
Loans to foreign governments and official institutions $0
Other loans $145
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 $1,010
Non 1-4 family restructured loans & leases $583
Total loans and leases (foreign) $0

The Community Bank had $330,347,000 of loans outstanding in 2021. $274,495,000 of loans were in real estate loans. $13,567,000 of loans were in development loans. $10,761,000 of loans were in multifamily mortgage loans. $163,737,000 of loans were in 1-4 family mortgage loans. $195,000 of loans were in farm loans. $2,469,000 of loans were in credit card loans. $11,980,000 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 299 $60,051 $200,839
Nonfarm, nonresidential loans - <$100k 65 $2,572 $39,569
Nonfarm, nonresidential loans - $100-250k 109 $14,178 $130,073
Nonfarm, nonresidential loans - $250k-1MM 125 $43,301 $346,408
Commercial & Industrial, US addressed loans - <$1MM 573 $29,465 $51,422
Commercial & Industrial, US addressed loans - <$100k 443 $10,105 $22,810
Commercial & Industrial, US addressed loans - $100-250k 89 $8,482 $95,303
Commercial & Industrial, US addressed loans - $250k-1MM 41 $10,878 $265,317
Farmland loans - <$1MM 9 $933 $103,667
Farmland loans - <$100k 3 $187 $62,333
Farmland loans - $100-250k 4 $526 $131,500
Farmland loans - $250k-1MM 2 $220 $110,000
Agriculture operations loans - <$1MM 4 $195 $48,750
Agriculture operations loans - <$100k 3 $48 $16,000
Agriculture operations loans - $100-250k 1 $147 $147,000