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

Review & 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 by origination volume include: Zanesville, Columbus, Cambridge, Mount Vernon, and Coshocton among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Community 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. 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%	12/16/24
30 Year Conventional Refi	6.46%	12/16/24
30 Year Cash-out Refi	6.55%	12/16/24
15 Year Conventional Purchase	6.46%	12/16/24
15 Year Conventional Refi	6.00%	12/16/24
15 Year Cash-out Refi	6.00%	12/16/24
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

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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

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

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
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.

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.

EDUCATION FIRST CREDIT UNION, INC.
Similarity Rank: 567

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LCNB National Bank
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1st National Bank
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The Community Bank
Similarity Rank: 2097

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Similarity Rank: 2160

CME Federal Credit Union
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Product Mix

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

For 2021, The Community Bank's most frequently originated type of loan was Conventional, with 555 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, The Community Bank's most frequently cited loan purpose was Home Purchase, with 231 originations. The 2nd most popular reason was 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 2021, The Community Bank's most frequently cited loan duration was 30 Year, with 247 originations. The 2nd most popular length was 15 Year, with 166 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	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
$4k-5k	1	$205,000	$205,000

The Community Bank's average total fees were $2,941, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.32%, while their most frequently originated rate bucket for loans was 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
89.95%

The Community Bank has an average approval rate.

Pick Rate

Approvals leading to origination
81.08%

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	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
The Community Bank	902 Wheeling Avenue Cambridge, OH 43725	Full Service B&M	$19,132

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