The Community Bank Mortgage Rates, Fees & Info

Zanesville, OH

LEI: 5493007G0MFTSE8JPV83

Tax ID: 31-4159790

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
  • 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

    The Community Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. The Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Zanesville, Columbus, Cambridge, Mount Vernon, and Coshocton among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Community Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Community 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
    30 Year Conventional Purchase 6.64% 4/14/24
    30 Year Conventional Refi 6.46% 4/14/24
    30 Year Cash-out Refi 6.55% 4/14/24
    15 Year Conventional Purchase 6.46% 4/14/24
    15 Year Conventional Refi 6.00% 4/14/24
    15 Year Cash-out Refi 6.00% 4/14/24
    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.

    The Community Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from The Community 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

    657

    Origination Dollar Volume (All Markets)

    $114,145,000

    Employee count

    129

    Awards

    The Community Bank 30 Year Conventional Loans gold The Community Bank 30 Year Conventional Loans bronze The Community Bank 30 Year Conventional Loans silver The Community Bank 30 Year Conventional Loans silver
    Show all (4) 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
    Zanesville, OH (FHA|USDA|VA) 335 $56,015,000 $167,209 $2,745 3.20%
    COLUMBUS, OH (FHA|USDA|VA) 226 $44,680,000 $197,699 $2,856 3.71%
    Cambridge, OH (FHA|USDA|VA) 64 $9,110,000 $142,344 $2,448 3.26%
    Mount Vernon, OH (FHA|USDA|VA) 9 $1,665,000 $185,000 $2,349 3.89%
    Outside of Metro Areas 14 $1,600,000 $114,286 $3,227 3.07%
    Coshocton, OH (FHA|USDA|VA) 5 $545,000 $109,000 $2,899 3.55%
    TOLEDO, OH (FHA|USDA|VA) 1 $225,000 $225,000 $3,413 2.75%
    Sandusky, OH (FHA|USDA|VA) 1 $135,000 $135,000 $2,899 2.63%
    AKRON, OH (FHA|USDA|VA) 1 $95,000 $95,000 $3,409 4.00%
    Marietta, OH (FHA|USDA|VA) 1 $75,000 $75,000 $1,904 4.00%
    The Community Bank's top markets include Zanesville, Columbus, Cambridge, Mount Vernon, and Coshocton among others.

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

    • Similar Lenders

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

    Commodore Bank
    Similarity Rank: 153
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    First Federal Savings and Loan Association
    Similarity Rank: 620
    Kingston National Bank
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    Columbus Metro Federal Credit Union
    Similarity Rank: 864
    EDUCATION FIRST CREDIT UNION, INC.
    Similarity Rank: 1230
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    Similarity Rank: 1488
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1584
    The Richwood Banking Company
    Similarity Rank: 1869
    LCNB National Bank
    Similarity Rank: 1989

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 657 $114,145,000 $173,737 $2,757 3.39%

    For 2020, The Community Bank's most frequently originated type of loan was Conventional, with 657 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 257 $45,675,000 $177,724 $2,666 3.12%
    Home Purchase 202 $38,720,000 $191,683 $3,044 4.07%
    Cash Out Refi 148 $23,880,000 $161,351 $2,643 3.05%
    Home Improvement 50 $5,870,000 $117,400 $2,575 3.10%

    For 2020, The Community Bank's most frequently cited loan purpose was Refi, with 257 originations. The 2nd most popular reason was Home Purchase, with 202 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 292 $56,970,000 $195,103 $2,793 3.41%
    15 Year 212 $30,270,000 $142,783 $2,647 3.21%
    20 Year 59 $8,135,000 $137,881 $2,637 3.26%
    10 Year 37 $5,695,000 $153,919 $2,208 3.70%
    30+ year 29 $8,835,000 $304,655 $3,778 3.92%
    Other 25 $4,105,000 $164,200 $2,758 3.96%
    5 Year 3 $135,000 $45,000 $1,901 4.29%

    For 2020, The Community Bank's most frequently cited loan duration was 30 Year, with 292 originations. The 2nd most popular length was 15 Year, with 212 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 523 $87,835,000 $167,945
    $1k-2k 52 $12,910,000 $248,269
    $2k-3k 6 $1,260,000 $210,000
    $4k-5k 1 $265,000 $265,000

    The Community Bank's average total fees were $2,793, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 523 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 207 $36,595,000 $176,787
    <2.5% 144 $21,830,000 $151,597
    3-4% 143 $27,525,000 $192,483
    4-5% 109 $19,325,000 $177,294
    5-6% 49 $8,175,000 $166,837
    6-7% 3 $365,000 $121,667

    During 2020, The Community Bank's average interest rate for loans was 3.41%, while their most frequently originated rate bucket for loans was 2.5-3%, with 207 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 282 $40,910,000 $145,071 $2,692 3.18%
    $100,000 or less 180 $12,540,000 $69,667 $2,312 3.62%
    $200k-400k 160 $42,180,000 $263,625 $3,073 3.53%
    $400k-600k 30 $13,790,000 $459,667 $3,662 3.20%
    $600k-1MM 3 $2,135,000 $711,667 $5,303 4.08%
    $1MM+ 2 $2,590,000 $1,295,000 $5,171 4.56%

    2020 saw The Community Bank place emphasis on $100k-200k loans with 282 originations, totaling $40,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 156 $20,680,000 $132,564 $2,678 3.36%
    $75k-100k 136 $22,870,000 $168,162 $2,770 3.30%
    $100k-150k 129 $26,335,000 $204,147 $2,904 3.26%
    $50k or less 98 $8,910,000 $90,918 $2,474 3.29%
    $150k-250k 48 $13,130,000 $273,542 $3,193 3.31%
    $250k+ 29 $11,445,000 $394,655 $3,439 3.32%

    The Community Bank lent most frequently to those with incomes in the $50k-75k range, with 156 originations. The second most popular income band? $75k-100k, with 136 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 173 $29,645,000 $171,358 $2,866 3.07%
    30-36% 127 $20,465,000 $161,142 $2,651 3.31%
    <20% 74 $13,080,000 $176,757 $2,819 2.95%
    36% 27 $4,805,000 $177,963 $2,817 3.40%
    40% 26 $4,830,000 $185,769 $2,780 3.31%
    41% 24 $4,550,000 $189,583 $2,685 3.33%
    38% 24 $4,820,000 $200,833 $3,014 3.56%
    42% 19 $4,075,000 $214,474 $2,567 3.41%
    37% 18 $3,290,000 $182,778 $2,759 3.13%
    43% 18 $3,870,000 $215,000 $2,965 3.35%
    39% 14 $2,410,000 $172,143 $2,705 3.07%
    44% 8 $1,470,000 $183,750 $2,687 3.33%
    45% 5 $775,000 $155,000 $2,768 2.83%
    46% 3 $525,000 $175,000 $3,131 3.00%
    47% 2 $310,000 $155,000 $3,064 3.00%
    50-60% 2 $110,000 $55,000 $2,445 4.19%
    49% 1 $125,000 $125,000 $3,277 5.00%

    The Community Bank lent most frequently to those with DTI ratios of 20-30%, with 173 originations. The next most common DTI ratio? 30-36%, with 127 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 611 $105,305,000 $172,349 $2,754 3.28%
    Not applicable 36 $7,030,000 $195,278 $0 5.24%
    Black 4 $620,000 $155,000 $2,882 3.72%
    Asian Indian 1 $425,000 $425,000 $3,916 3.50%
    Asian 3 $375,000 $125,000 $2,626 3.67%
    Vietnamese 1 $215,000 $215,000 $3,046 4.38%
    American Indian 1 $175,000 $175,000 $2,879 4.75%

    Approval Rates

    Total approvals of all applications
    90.67%

    The Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.82%

    The Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 657 $114,145,000 $173,737

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $3,925,000 $436,111
    Single Family (1-4 Units):Manufactured 19 $1,945,000 $102,368
    Single Family (1-4 Units):Site-Built 629 $108,275,000 $172,138

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $4,640,000 $92,800 $2,229 3.25%
    40-60% 109 $14,775,000 $135,550 $2,554 2.98%
    60-80% 272 $47,710,000 $175,404 $2,754 3.31%
    80-100% 218 $46,280,000 $212,294 $3,000 3.71%
    Over 100% 2 $490,000 $245,000 $3,664 3.94%
    Under 20% 5 $205,000 $41,000 $1,706 4.43%

    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 $29,929
    The Community Bank 113 North Fifth Street Zanesville, OH 43701 Full Service B&M $97,649
    The Community Bank 199 West Main Street New Concord, OH 43762 Full Service B&M $32,420
    The Community Bank 2750 Maysville Pike South Zanesville, OH 43701 Full Service B&M $69,225
    The Community Bank 3795 Northpointe Drive Zanesville, OH 43701 Full Service B&M $68,569
    The Community Bank 3960 Dillon Falls Rd Zanesville, OH 43701 Full Service B&M $30,542
    The Community Bank 42 East Main Street Crooksville, OH 43731 Full Service B&M $49,661
    The Community Bank 4990 East Pike Zanesville, OH 43701 Full Service B&M $34,970
    The Community Bank 61246 Southgate Parkway Cambridge, OH 43725 Full Service B&M $12,535
    The Community Bank 835 N 21st St Newark, OH 43055 Full Service B&M $10,484
    The Community Bank 902 Wheeling Avenue Cambridge, OH 43725 Full Service B&M $15,990

    For 2020, The Community Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,747
    Net interest income $16,903
    Total noninterest income $6,815
    Gross Fiduciary activities income $666
    Service charges on deposit accounts $770
    Trading account gains and fees $0
    Additional Noninterest Income $5,379
    Pre-tax net operating income $6,582
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,343
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,343
    Minority interest net income $0
    Net income $5,343
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,343

    The Community Bank's gross interest income from loans was $19,747,000.
    The Community Bank's net interest income from loans was $16,903,000.
    The Community Bank's fee based income from loans was $770,000.
    The Community Bank's net income from loans was $5,343,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,844
    Provision for credit losses $490
    Total noninterest expense $16,646
    Salaries and employee benefits $9,007
    Premises and equipment expense $2,147
    Additional noninterest expense $5,492
    Applicable income taxes $1,239
    Net charge-offs $978
    Cash dividends $5,820

    The Community Bank's interest expense for loans was $2,844,000.
    The Community Bank's payroll and benefits expense were $9,007,000.
    The Community Bank's property, plant and equipment expenses $2,147,000.

    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 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.4%
    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 $470,541
    Deposits held in domestic offices $470,541
    Deposits by Individuals, partnerships, and corporations $419,923
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $50,618
    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 $230,630
    Demand deposits $140,043
    Nontransaction accounts $239,911
    Money market deposit accounts (MMDAs) $37,260
    Other savings deposits (excluding MMDAs) $84,930
    Total time deposits $117,720
    Total time and savings deposits $330,498
    Noninterest-bearing deposits $135,763
    Interest-bearing deposits $334,778
    Retail deposits $458,964
    IRAs and Keogh plan accounts $22,358
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $526,974
    Cash & Balances due from depository institutions $93,731
    Interest-bearing balances $81,959
    Total securities $64,471
    Federal funds sold & reverse repurchase $498
    Net loans and leases $339,565
    Loan and leases loss allowance $5,091
    Trading account assets $0
    Bank premises and fixed assets $11,740
    Other real estate owned $146
    Goodwill and other intangibles $3,403
    All other assets $13,420

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $526,974
    Total Liabilities $475,651
    Total deposits $470,541
    Interest-bearing deposits $334,778
    Deposits held in domestic offices $470,541
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,110

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $339,565
    Loan and leases loss allowance $5,091
    Total loans and leases (domestic) $344,656
    All real estate loans $275,550
    Real estate loans in domestic offices $275,550
    Construction and development loans $9,565
    Residential 1-4 family construction $5,115
    Other construction, all land development and other land $4,450
    Loans secured by nonfarm nonresidential properties $76,132
    Nonfarm nonresidential secured by owner-occupied properties $54,185
    Commercial real estate & other non-farm, non-residential $21,947
    Multifamily residential real estate $7,658
    1-4 family residential loans $180,714
    Farmland loans $1,481
    Loans held in foreign offices $0
    Farm loans $234
    Commercial and industrial loans $44,426
    To non-U.S. addressees $0
    Loans to individuals $24,165
    Credit card loans $2,610
    Related Plans $0
    Consumer Auto Loans $12,803
    Other loans to individuals $8,752
    All other loans & leases $336
    Loans to foreign governments and official institutions $0
    Other loans $113
    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 $832
    Non 1-4 family restructured loans & leases $608
    Total loans and leases (foreign) $0

    The Community Bank had $339,565,000 of loans outstanding in 2020. $275,550,000 of loans were in real estate loans. $9,565,000 of loans were in development loans. $7,658,000 of loans were in multifamily mortgage loans. $180,714,000 of loans were in 1-4 family mortgage loans. $234,000 of loans were in farm loans. $2,610,000 of loans were in credit card loans. $12,803,000 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 292 $56,832 $194,630
    Nonfarm, nonresidential loans - <$100k 72 $2,911 $40,431
    Nonfarm, nonresidential loans - $100-250k 97 $12,356 $127,381
    Nonfarm, nonresidential loans - $250k-1MM 123 $41,565 $337,927
    Commercial & Industrial, US addressed loans - <$1MM 724 $39,922 $55,141
    Commercial & Industrial, US addressed loans - <$100k 565 $14,715 $26,044
    Commercial & Industrial, US addressed loans - $100-250k 114 $13,021 $114,219
    Commercial & Industrial, US addressed loans - $250k-1MM 45 $12,186 $270,800
    Farmland loans - <$1MM 8 $843 $105,375
    Farmland loans - <$100k 2 $127 $63,500
    Farmland loans - $100-250k 3 $426 $142,000
    Farmland loans - $250k-1MM 3 $290 $96,667
    Agriculture operations loans - <$1MM 5 $234 $46,800
    Agriculture operations loans - <$100k 4 $87 $21,750
    Agriculture operations loans - $100-250k 1 $147 $147,000