The Community Bank Mortgage Rates, Fees & Info

Zanesville, OH

LEI: 5493007G0MFTSE8JPV83

Tax ID: 31-4159790

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Mortgage Data

Bank 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.64% 3/28/24
30 Year Conventional Refi 6.46% 3/28/24
30 Year Cash-out Refi 6.55% 3/28/24
15 Year Conventional Purchase 6.46% 3/28/24
15 Year Conventional Refi 6.00% 3/28/24
15 Year Cash-out Refi 6.00% 3/28/24
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

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

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)
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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