The Vinton County National Bank Mortgage Rates, Fees & Info

McArthur, OH

LEI: 54930087JNDLPJWOLV11

Tax ID: 31-4332540

5 stars - out of 5 stars, based on 30 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The Vinton County National Bank is a smaller bank specializing in Home Purchase and Refi loans. The Vinton County National Bank has a high proportion of conventional loans. Their top markets include Columbus, Chillicothe, Jackson, Portsmouth, and Athens among others. The Vinton County National 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 Vinton County National Bank is typically a low fee lendor.


Originations

898

Origination Dollar Volume (All Markets)

$172,830,000

Employee count

236

Awards

THE VINTON COUNTY NATIONAL BANK 30 Year Conventional Loans gold THE VINTON COUNTY NATIONAL BANK 30 Year Conventional Loans silver THE VINTON COUNTY NATIONAL BANK 30 Year Conventional Loans silver THE VINTON COUNTY NATIONAL BANK 30 Year Conventional Loans bronze
Show all (4) awards

Relative Rate

The Vinton County National Bank's average 30 year fixed rate mortgage of loans were 3.35%.

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

This yields a difference of 0.2%.

Relative Fees

The Vinton County National Bank's average total fees for a 30 year fixed rate mortgage are $2,848.

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
COLUMBUS, OH (FHA|USDA|VA) 469 $108,055,000 $230,394 $3,243 3.48%
Chillicothe, OH (FHA|USDA|VA) 196 $30,200,000 $154,082 $2,883 3.77%
Outside of Metro Areas 101 $13,495,000 $133,614 $2,960 3.90%
Jackson, OH (FHA|USDA|VA) 86 $12,670,000 $147,326 $2,887 3.74%
Portsmouth, OH (FHA|USDA|VA) 11 $2,495,000 $226,818 $3,518 3.92%
Athens, OH (FHA|USDA|VA) 16 $2,480,000 $155,000 $2,824 4.20%
Point Pleasant, WV-OH (FHA|USDA|VA) 9 $1,635,000 $181,667 $3,095 3.74%
Zanesville, OH (FHA|USDA|VA) 3 $425,000 $141,667 $2,673 3.17%
Bellefontaine, OH (FHA|USDA|VA) 1 $285,000 $285,000 $3,759 3.38%
Mount Vernon, OH (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.45%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $235,000 $235,000 $3,384 3.25%
Wilmington, OH (FHA|USDA|VA) 1 $225,000 $225,000 $4,650 3.75%
Washington Court House, OH (FHA|USDA|VA) 2 $210,000 $105,000 $2,396 3.81%
Urbana, OH (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.00%

The Vinton County National Bank's top markets include Columbus, Chillicothe, Jackson, Portsmouth, and Athens among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 898 $172,830,000 $192,461 $3,094 3.64%

For the 2021 period, The Vinton County National Bank's most frequently originated loan type of loans were Conventional, with 898 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 446 $90,370,000 $202,623 $3,593 3.91%
Refi 426 $78,250,000 $183,685 $2,683 3.35%
Other 17 $2,545,000 $149,706 $2,567 3.93%
Home Improvement 8 $1,460,000 $182,500 $3,023 3.19%
Cash Out Refi 1 $205,000 $205,000 $2,884 3.38%

For the 2021, The Vinton County National Bank's most frequently cited loan purpose of loans were Home Purchase, with 446 originations. The 2nd most popular reason of loans were Refi, with 426 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 379 $77,185,000 $203,654 $2,848 3.35%
20 Year 195 $28,175,000 $144,487 $2,559 4.20%
30+ year 143 $44,425,000 $310,664 $4,603 3.59%
15 Year 96 $12,410,000 $129,271 $2,561 2.91%
10 Year 43 $3,535,000 $82,209 $2,471 4.51%
Other 35 $6,335,000 $181,000 $3,285 4.38%
1 Year 5 $725,000 $145,000 $0 5.00%
5 Year 2 $40,000 $20,000 $2,093 5.99%

For the 2021, The Vinton County National Bank's most frequently cited loan length of loans were 30 Year, with 379 originations. The 2nd most popular length of loans were 20 Year, with 195 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 600 $103,470,000 $172,450
$1k-2k 123 $28,845,000 $234,512
$2k-3k 33 $13,135,000 $398,030
$3k-4k 10 $4,280,000 $428,000
$5k+ 3 $2,295,000 $765,000

$2,848 of loans were The Vinton County National Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 600 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 400 $92,950,000 $232,375
2.5-3% 198 $38,460,000 $194,242
4-5% 187 $28,365,000 $151,684
<2.5% 63 $8,695,000 $138,016
5-6% 30 $3,410,000 $113,667
7-8% 13 $675,000 $51,923
Over 8% 5 $115,000 $23,000
6-7% 2 $160,000 $80,000

During 2021, The Vinton County National Bank's average interest rate of loans were 3.35%, while their most frequently originated rate bucket of loans were 3-4%, with 400 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 306 $44,630,000 $145,850 $2,752 3.46%
$200k-400k 290 $79,930,000 $275,621 $3,451 3.42%
$100,000 or less 242 $15,650,000 $64,669 $2,442 4.16%
$400k-600k 51 $24,315,000 $476,765 $4,936 3.46%
$600k-1MM 7 $4,885,000 $697,857 $6,785 3.88%
$1MM+ 2 $3,420,000 $1,710,000 $10,406 3.94%

2021 saw The Vinton County National Bank place emphasis on $100k-200k loans with 306 originations, totaling $44,630,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 195 $28,365,000 $145,462 $2,790 3.57%
$100k-150k 193 $45,545,000 $235,984 $3,359 3.50%
$75k-100k 173 $33,585,000 $194,133 $3,151 3.49%
$50k or less 141 $13,175,000 $93,440 $2,506 3.86%
$150k-250k 89 $25,645,000 $288,146 $3,721 3.38%
$250k+ 29 $10,815,000 $372,931 $4,078 3.45%

The Vinton County National Bank lent most frequently to those with incomes in the $50k-75k range, with 195 originations. The second most popular income band? $100k-150k, with 193 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 236 $43,400,000 $183,898 $2,967 3.37%
30-36% 160 $31,120,000 $194,500 $3,187 3.64%
<20% 91 $14,355,000 $157,747 $2,744 3.14%
38% 36 $7,230,000 $200,833 $3,145 3.79%
39% 35 $6,795,000 $194,143 $3,167 3.82%
40% 34 $8,150,000 $239,706 $3,343 3.65%
42% 31 $6,325,000 $204,032 $3,285 3.56%
37% 30 $6,580,000 $219,333 $3,254 3.41%
36% 30 $5,640,000 $188,000 $3,182 3.75%
41% 29 $6,155,000 $212,241 $3,411 3.95%
43% 19 $4,055,000 $213,421 $2,927 3.40%
45% 11 $2,645,000 $240,455 $3,197 3.13%
44% 8 $2,380,000 $297,500 $3,925 3.30%
50-60% 7 $1,225,000 $175,000 $2,736 4.14%
47% 6 $1,780,000 $296,667 $3,769 3.29%
46% 5 $1,255,000 $251,000 $3,028 3.38%
48% 4 $790,000 $197,500 $2,682 3.19%
>60% 4 $1,570,000 $392,500 $5,042 4.03%
49% 1 $365,000 $365,000 $3,314 3.13%

The Vinton County National Bank lent most frequently to those with DTI ratios of 20-30%, with 236 originations. The next most common DTI ratio? 30-36%, with 160 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 630 $117,580,000 $186,635 $3,062 3.58%
Not provided 194 $39,690,000 $204,588 $3,159 3.52%
Not applicable 70 $14,600,000 $208,571 $0 4.46%
Asian 1 $665,000 $665,000 $9,657 5.00%
Black 2 $180,000 $90,000 $1,960 3.69%
American Indian 1 $115,000 $115,000 $3,737 4.00%

Approval Rates

Total approvals of all applications
88.45%

The Vinton County National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
79.46%

The Vinton County National Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
250.0 7 $215,000 $30,714
NA 891 $172,615,000 $193,732

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
898 $172,830,000 $192,461

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 53 $5,235,000 $98,774 $2,486 3.42%
40-60% 146 $21,470,000 $147,055 $2,802 3.45%
60-80% 404 $84,880,000 $210,099 $3,072 3.67%
80-100% 286 $60,530,000 $211,643 $3,404 3.73%
Over 100% 1 $295,000 $295,000 $0 3.75%
Under 20% 8 $420,000 $52,500 $2,001 3.26%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
The Vinton County National Bank 399 West Front Street Logan, OH 43138 Full Service B&M $64,528
The Vinton County National Bank 521 East Main Street Lancaster, OH 43130 Full Service B&M $153,894
The Vinton County National Bank 6360 Prentiss School Drive Canal Winchester, OH 43110 Full Service B&M $104,632
The Vinton County National Bank 700 Corylus Drive Pataskala, OH 43062 Full Service B&M $22,588
The Vinton County National Bank 775 Western Avenue Chillicothe, OH 45601 Full Service B&M $45,988
The Vinton County National Bank 920 Veterans Drive, Suite E Jackson, OH 45640 Full Service B&M $31,289
The Vinton County National Bank 1 Main St Commercial Point, OH 43116 Full Service B&M $23,628
The Vinton County National Bank 112 West Main Street Mc Arthur, OH 45651 Full Service B&M $198,015
The Vinton County National Bank 119 Main Street Bremen, OH 43107 Full Service B&M $66,454
The Vinton County National Bank 120 South Court Street Circleville, OH 43113 Full Service B&M $32,904
The Vinton County National Bank 18627 Main Street Laurelville, OH 43135 Full Service B&M $60,487
The Vinton County National Bank 1971 West Fair Avenue Lancaster, OH 43130 Full Service B&M $90,085
The Vinton County National Bank 206 Church Street Richmond Dale, OH 45673 Full Service B&M $24,848
The Vinton County National Bank 222 E Main St Chillicothe, OH 45601 Full Service B&M $103,796
The Vinton County National Bank 2250 Stringtown Road Grove City, OH 43123 Full Service B&M $28,260
The Vinton County National Bank 26 East Main Street Ashville, OH 43103 Full Service B&M $58,451

For 2021, The Vinton County National Bank had 16 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $43,533
Net interest income $40,427
Total noninterest income $8,713
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,436
Trading account gains and fees $0
Additional Noninterest Income $7,277
Pre-tax net operating income $15,801
Securities gains (or losses, -) $-3
Income before extraordinary items $12,941
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $12,941
Minority interest net income $0
Net income $12,941
Sale, conversion, retirement of capital stock, net $0
Net operating income $12,943

The Vinton County National Bank's gross interest income from loans was $43,533,000.
The Vinton County National Bank's net interest income from loans was $40,427,000.
The Vinton County National Bank's fee based income from loans was $1,436,000.
The Vinton County National Bank's net income from loans was $12,941,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,106
Provision for credit losses $668
Total noninterest expense $32,671
Salaries and employee benefits $16,580
Premises and equipment expense $3,853
Additional noninterest expense $12,238
Applicable income taxes $2,857
Net charge-offs $323
Cash dividends $3,300

The Vinton County National Bank's interest expense for loans was $3,106,000.
The Vinton County National Bank's payroll and benefits expense were $16,580,000.
The Vinton County National Bank's property, plant and equipment expenses $3,853,000.

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 0.0%
Nonfarm, nonresidential loans 0.0%
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 0.3%
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 $1,139,084
Deposits held in domestic offices $1,139,084
Deposits by Individuals, partnerships, and corporations $977,049
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $162,020
Deposits by Commercial banks and other depository institutions in U.S. $15
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $520,766
Demand deposits $273,082
Nontransaction accounts $618,318
Money market deposit accounts (MMDAs) $200,439
Other savings deposits (excluding MMDAs) $158,088
Total time deposits $259,791
Total time and savings deposits $866,002
Noninterest-bearing deposits $273,082
Interest-bearing deposits $866,002
Retail deposits $1,088,655
IRAs and Keogh plan accounts $57,633
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,287,080
Cash & Balances due from depository institutions $108,043
Interest-bearing balances $99,600
Total securities $345,242
Federal funds sold & reverse repurchase $114
Net loans and leases $789,272
Loan and leases loss allowance $7,125
Trading account assets $0
Bank premises and fixed assets $17,889
Other real estate owned $0
Goodwill and other intangibles $8,177
All other assets $18,343

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,287,080
Total Liabilities $1,151,363
Total deposits $1,139,084
Interest-bearing deposits $866,002
Deposits held in domestic offices $1,139,084
% insured (estimated) $64
Federal funds purchased and repurchase agreements $6,956
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $5,323

Issued Loan Types

Type Value (in 000's)
Net loans and leases $789,272
Loan and leases loss allowance $7,125
Total loans and leases (domestic) $796,397
All real estate loans $542,885
Real estate loans in domestic offices $542,885
Construction and development loans $87,711
Residential 1-4 family construction $14,943
Other construction, all land development and other land $72,768
Loans secured by nonfarm nonresidential properties $99,441
Nonfarm nonresidential secured by owner-occupied properties $63,018
Commercial real estate & other non-farm, non-residential $36,423
Multifamily residential real estate $5,087
1-4 family residential loans $343,859
Farmland loans $6,787
Loans held in foreign offices $0
Farm loans $5,665
Commercial and industrial loans $34,170
To non-U.S. addressees $0
Loans to individuals $197,737
Credit card loans $6,448
Related Plans $564
Consumer Auto Loans $136,217
Other loans to individuals $54,508
All other loans & leases $15,940
Loans to foreign governments and official institutions $0
Other loans $0
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 $1,333
Non 1-4 family restructured loans & leases $572
Total loans and leases (foreign) $0

THE VINTON COUNTY NATIONAL BANK had $789,272,000 of loans outstanding in 2021. $542,885,000 of loans were in real estate loans. $87,711,000 of loans were in development loans. $5,087,000 of loans were in multifamily mortgage loans. $343,859,000 of loans were in 1-4 family mortgage loans. $5,665,000 of loans were in farm loans. $6,448,000 of loans were in credit card loans. $136,217,000 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 423 $66,560 $157,352
Nonfarm, nonresidential loans - <$100k 121 $4,223 $34,901
Nonfarm, nonresidential loans - $100-250k 174 $19,811 $113,856
Nonfarm, nonresidential loans - $250k-1MM 128 $42,526 $332,234
Commercial & Industrial, US addressed loans - <$1MM 748 $29,602 $39,575
Commercial & Industrial, US addressed loans - <$100k 615 $11,369 $18,486
Commercial & Industrial, US addressed loans - $100-250k 94 $9,210 $97,979
Commercial & Industrial, US addressed loans - $250k-1MM 39 $9,023 $231,359
Farmland loans - <$1MM 37 $4,942 $133,568
Farmland loans - <$100k 7 $373 $53,286
Farmland loans - $100-250k 21 $2,804 $133,524
Farmland loans - $250k-1MM 9 $1,765 $196,111
Agriculture operations loans - <$1MM 183 $5,665 $30,956
Agriculture operations loans - <$100k 166 $2,546 $15,337
Agriculture operations loans - $100-250k 11 $1,404 $127,636
Agriculture operations loans - $250k-1MM 6 $1,715 $285,833