The Vinton County National Bank Mortgage Rates, Fees & Info

McArthur, OH

LEI: 54930087JNDLPJWOLV11

Tax ID: 31-4332540

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 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 by origination volume include: Columbus, Chillicothe, Jackson, Athens, and Point Pleasant among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Vinton County National 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 Vinton County National 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 6.66% 12/4/24
    30 Year Conventional Refi 6.85% 12/4/24
    30 Year FHA Purchase 6.27% 12/4/24
    30 Year USDA Purchase 6.27% 12/4/24
    15 Year Conventional Purchase 6.15% 12/4/24
    15 Year Conventional Refi 6.74% 12/4/24
    15 Year Cash-out Refi 6.74% 12/4/24
    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 Vinton County National Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from The Vinton County National 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

    416

    Origination Dollar Volume (All Markets)

    $64,800,000

    Employee count

    238

    Awards

    THE VINTON COUNTY NATIONAL BANK 30 Year Conventional Loans bronze THE VINTON COUNTY NATIONAL BANK 30 Year Conventional Loans gold THE VINTON COUNTY NATIONAL BANK 30 Year Conventional Loans bronze THE VINTON COUNTY NATIONAL 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
    COLUMBUS, OH (FHA|USDA|VA) 214 $36,170,000 $169,019 $2,935 5.36%
    Chillicothe, OH (FHA|USDA|VA) 89 $14,315,000 $160,843 $2,554 5.39%
    Outside of Metro Areas 64 $7,720,000 $120,625 $2,411 5.53%
    Jackson, OH (FHA|USDA|VA) 28 $3,030,000 $108,214 $2,369 5.37%
    Athens, OH (FHA|USDA|VA) 6 $1,270,000 $211,667 $3,027 4.67%
    Point Pleasant, WV-OH (FHA|USDA|VA) 5 $855,000 $171,000 $2,462 5.16%
    Portsmouth, OH (FHA|USDA|VA) 5 $545,000 $109,000 $2,635 5.30%
    Urbana, OH (FHA|USDA|VA) 1 $435,000 $435,000 $6,977 4.50%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $275,000 $275,000 $3,992 4.88%
    Washington Court House, OH (FHA|USDA|VA) 2 $140,000 $70,000 $1,771 4.94%
    Zanesville, OH (FHA|USDA|VA) 1 $45,000 $45,000 $2,017 5.88%
    The Vinton County National Bank's top markets include Columbus, Chillicothe, Jackson, Athens, and Point Pleasant among others.

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

    • Similar Lenders

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

    HOMELAND CREDIT UNION, INC.
    Similarity Rank: 36
    The Ohio Valley Bank Company
    Similarity Rank: 60
    Columbus Metro Federal Credit Union
    Similarity Rank: 224
    TrueCore Federal Credit Union
    Similarity Rank: 360
    Victory Community Bank
    Similarity Rank: 420
    First Federal Savings and Loan Association
    Similarity Rank: 420
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 728
    North Valley Bank
    Similarity Rank: 768
    CME Federal Credit Union
    Similarity Rank: 820
    BMI Federal Credit Union
    Similarity Rank: 870

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 416 $64,800,000 $155,769 $2,724 5.38%

    For 2018, The Vinton County National Bank's most frequently originated type of loan was Conventional, with 416 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 308 $49,770,000 $161,591 $3,046 5.31%
    Refi 86 $13,590,000 $158,023 $2,131 5.33%
    Home Improvement 14 $880,000 $62,857 $1,415 6.41%
    Other 8 $560,000 $70,000 $1,641 6.63%

    For 2018, The Vinton County National Bank's most frequently cited loan purpose was Home Purchase, with 308 originations. The 2nd most popular reason was Refi, with 86 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30+ year 101 $23,305,000 $230,743 $3,901 4.93%
    30 Year 100 $15,740,000 $157,400 $2,329 4.91%
    20 Year 95 $10,005,000 $105,316 $1,966 5.70%
    15 Year 52 $4,320,000 $83,077 $1,581 5.91%
    Other 29 $7,975,000 $275,000 $3,105 5.37%
    10 Year 22 $1,560,000 $70,909 $1,398 6.46%
    1 Year 10 $1,720,000 $172,000 $2,813 5.70%
    5 Year 7 $175,000 $25,000 $1,003 6.32%

    For 2018, The Vinton County National Bank's most frequently cited loan duration was 30+ year, with 101 originations. The 2nd most popular length was 30 Year, with 100 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 194 $23,570,000 $121,495
    $1k-2k 90 $19,580,000 $217,556
    $2k-3k 9 $2,825,000 $313,889
    $3k-4k 1 $435,000 $435,000
    $4k-5k 1 $435,000 $435,000

    The Vinton County National Bank's average total fees were $2,329, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 194 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 204 $37,170,000 $182,206
    5-6% 143 $22,875,000 $159,965
    6-7% 37 $2,905,000 $78,514
    7-8% 17 $705,000 $41,471
    Over 8% 9 $255,000 $28,333
    3-4% 6 $890,000 $148,333

    During 2018, The Vinton County National Bank's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 4-5%, with 204 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 183 $10,265,000 $56,093 $1,812 5.82%
    $100k-200k 118 $17,190,000 $145,678 $2,544 5.16%
    $200k-400k 102 $27,830,000 $272,843 $3,818 4.90%
    $400k-600k 10 $4,600,000 $460,000 $4,946 4.75%
    $1MM+ 2 $4,070,000 $2,035,000 $0 5.25%
    $600k-1MM 1 $845,000 $845,000 $0 5.25%

    2018 saw The Vinton County National Bank place emphasis on $100,000 or less loans with 183 originations, totaling $10,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 87 $12,835,000 $147,529 $2,618 5.45%
    $50k-75k 78 $7,600,000 $97,436 $2,167 5.50%
    $50k or less 76 $5,400,000 $71,053 $2,037 5.73%
    $100k-150k 69 $14,505,000 $210,217 $3,114 4.93%
    $150k-250k 35 $8,365,000 $239,000 $4,562 5.04%
    $250k+ 13 $3,905,000 $300,385 $3,363 4.72%

    The Vinton County National Bank lent most frequently to those with incomes in the $75k-100k range, with 87 originations. The second most popular income band? $50k-75k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 83 $11,375,000 $137,048 $2,589 5.26%
    30-36% 81 $13,935,000 $172,037 $2,676 5.18%
    <20% 38 $4,990,000 $131,316 $3,484 5.41%
    39% 16 $2,010,000 $125,625 $2,453 5.70%
    42% 14 $1,980,000 $141,429 $2,379 5.39%
    37% 10 $1,640,000 $164,000 $2,886 5.23%
    40% 10 $1,670,000 $167,000 $2,861 5.14%
    41% 10 $1,690,000 $169,000 $2,423 5.41%
    38% 9 $2,065,000 $229,444 $3,132 5.13%
    36% 9 $1,615,000 $179,444 $2,645 5.54%
    43% 9 $955,000 $106,111 $2,244 5.72%
    >60% 4 $850,000 $212,500 $3,222 4.78%
    50-60% 4 $740,000 $185,000 $2,456 5.06%
    44% 3 $415,000 $138,333 $2,198 5.04%
    45% 3 $705,000 $235,000 $2,614 5.71%
    46% 2 $730,000 $365,000 $3,850 4.38%
    47% 2 $160,000 $80,000 $1,226 6.81%
    49% 1 $135,000 $135,000 $2,529 4.75%

    The Vinton County National Bank lent most frequently to those with DTI ratios of 20-30%, with 83 originations. The next most common DTI ratio? 30-36%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 343 $50,475,000 $147,157 $2,749 5.31%
    Not applicable 56 $11,970,000 $213,750 $0 5.54%
    Not provided 13 $1,945,000 $149,615 $2,393 5.99%
    Black 3 $245,000 $81,667 $1,811 6.83%
    Asian 1 $165,000 $165,000 $2,363 5.00%

    Approval Rates

    Total approvals of all applications
    87.96%

    The Vinton County National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.27%

    The Vinton County National Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    250.0 2 $50,000 $25,000
    524.0 6 $130,000 $21,667
    NA 408 $64,620,000 $158,382

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $5,510,000 $918,333
    Single Family (1-4 Units):Manufactured 51 $2,885,000 $56,569
    Single Family (1-4 Units):Site-Built 359 $56,405,000 $157,117

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $1,070,000 $76,429 $1,824 5.69%
    40-60% 57 $6,055,000 $106,228 $2,091 5.50%
    60-80% 169 $25,815,000 $152,751 $2,659 5.38%
    80-100% 162 $31,380,000 $193,704 $3,112 5.14%
    Over 100% 2 $50,000 $25,000 $0 8.25%
    Under 20% 11 $345,000 $31,364 $1,029 7.30%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    THE VINTON COUNTY NATIONAL BANK 1 Main St Commercial Point, OH 43116 Full Service B&M $14,848
    THE VINTON COUNTY NATIONAL BANK 112 West Main Street Mc Arthur, OH 45651 Full Service B&M $145,988
    THE VINTON COUNTY NATIONAL BANK 119 Main Street Bremen, OH 43107 Full Service B&M $48,191
    THE VINTON COUNTY NATIONAL BANK 120 South Court Street Circleville, OH 43113 Full Service B&M $24,675
    THE VINTON COUNTY NATIONAL BANK 18627 Main Street Laurelville, OH 43135 Full Service B&M $44,382
    THE VINTON COUNTY NATIONAL BANK 1971 West Fair Avenue Lancaster, OH 43130 Full Service B&M $65,742
    THE VINTON COUNTY NATIONAL BANK 206 Church Street Richmond Dale, OH 45673 Full Service B&M $20,334
    THE VINTON COUNTY NATIONAL BANK 222 E Main St Chillicothe, OH 45601 Full Service B&M $81,198
    THE VINTON COUNTY NATIONAL BANK 2250 Stringtown Road Grove City, OH 43123 Full Service B&M $12,721
    THE VINTON COUNTY NATIONAL BANK 26 East Main Street Ashville, OH 43103 Full Service B&M $45,666
    THE VINTON COUNTY NATIONAL BANK 399 West Front Street Logan, OH 43138 Full Service B&M $41,334
    THE VINTON COUNTY NATIONAL BANK 521 East Main Street Lancaster, OH 43130 Full Service B&M $108,801
    THE VINTON COUNTY NATIONAL BANK 63109 Ohio 689 Wilkesville, OH 45695 Full Service B&M $12,638
    THE VINTON COUNTY NATIONAL BANK 6360 Prentiss School Drive Canal Winchester, OH 43110 Full Service B&M $64,218
    THE VINTON COUNTY NATIONAL BANK 700 Corylus Drive Pataskala, OH 43062 Full Service B&M $18,534
    THE VINTON COUNTY NATIONAL BANK 775 Western Avenue Chillicothe, OH 45601 Full Service B&M $34,196
    THE VINTON COUNTY NATIONAL BANK 920 Veterans Drive Jackson, OH 45640 Full Service B&M $2,687

    For 2018, The Vinton County National Bank had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $38,875
    Net interest income $34,138
    Total noninterest income $5,946
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,925
    Trading account gains and fees $0
    Additional Noninterest Income $4,021
    Pre-tax net operating income $10,747
    Securities gains (or losses, -) $-5
    Income before extraordinary items $8,909
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,909
    Minority interest net income $0
    Net income $8,909
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,913

    The Vinton County National Bank's gross interest income from loans was $38,875,000.
    The Vinton County National Bank's net interest income from loans was $34,138,000.
    The Vinton County National Bank's fee based income from loans was $1,925,000.
    The Vinton County National Bank's net income from loans was $8,909,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,737
    Provision for credit losses $1,145
    Total noninterest expense $28,192
    Salaries and employee benefits $15,143
    Premises and equipment expense $3,121
    Additional noninterest expense $9,928
    Applicable income taxes $1,833
    Net charge-offs $873
    Cash dividends $4,400

    The Vinton County National Bank's interest expense for loans was $4,737,000.
    The Vinton County National Bank's payroll and benefits expense were $15,143,000.
    The Vinton County National Bank's property, plant and equipment expenses $3,121,000.

    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 2.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.9%
    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 $818,125
    Deposits held in domestic offices $818,125
    Deposits by Individuals, partnerships, and corporations $729,567
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $88,545
    Deposits by Commercial banks and other depository institutions in U.S. $14
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $289,872
    Demand deposits $146,923
    Nontransaction accounts $528,254
    Money market deposit accounts (MMDAs) $128,185
    Other savings deposits (excluding MMDAs) $93,755
    Total time deposits $306,315
    Total time and savings deposits $671,203
    Noninterest-bearing deposits $146,923
    Interest-bearing deposits $671,202
    Retail deposits $775,130
    IRAs and Keogh plan accounts $57,870
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $936,895
    Cash & Balances due from depository institutions $31,442
    Interest-bearing balances $20,927
    Total securities $153,938
    Federal funds sold & reverse repurchase $1,103
    Net loans and leases $712,029
    Loan and leases loss allowance $5,903
    Trading account assets $0
    Bank premises and fixed assets $14,140
    Other real estate owned $118
    Goodwill and other intangibles $7,871
    All other assets $16,254

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $936,895
    Total Liabilities $826,789
    Total deposits $818,125
    Interest-bearing deposits $671,202
    Deposits held in domestic offices $818,125
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $2,016
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $6,648

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $712,029
    Loan and leases loss allowance $5,903
    Total loans and leases (domestic) $717,932
    All real estate loans $499,829
    Real estate loans in domestic offices $499,829
    Construction and development loans $48,479
    Residential 1-4 family construction $9,310
    Other construction, all land development and other land $39,169
    Loans secured by nonfarm nonresidential properties $89,409
    Nonfarm nonresidential secured by owner-occupied properties $58,623
    Commercial real estate & other non-farm, non-residential $30,786
    Multifamily residential real estate $3,972
    1-4 family residential loans $347,762
    Farmland loans $10,207
    Loans held in foreign offices $0
    Farm loans $3,517
    Commercial and industrial loans $31,644
    To non-U.S. addressees $0
    Loans to individuals $168,600
    Credit card loans $5,311
    Related Plans $823
    Consumer Auto Loans $108,781
    Other loans to individuals $53,685
    All other loans & leases $14,342
    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 $1,545
    Non 1-4 family restructured loans & leases $367
    Total loans and leases (foreign) $0

    THE VINTON COUNTY NATIONAL BANK had $712,029,000 of loans outstanding in 2018. $499,829,000 of loans were in real estate loans. $48,479,000 of loans were in development loans. $3,972,000 of loans were in multifamily mortgage loans. $347,762,000 of loans were in 1-4 family mortgage loans. $3,517,000 of loans were in farm loans. $5,311,000 of loans were in credit card loans. $108,781,000 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 424 $66,444 $156,708
    Nonfarm, nonresidential loans - <$100k 135 $4,504 $33,363
    Nonfarm, nonresidential loans - $100-250k 164 $19,062 $116,232
    Nonfarm, nonresidential loans - $250k-1MM 125 $42,878 $343,024
    Commercial & Industrial, US addressed loans - <$1MM 728 $22,712 $31,198
    Commercial & Industrial, US addressed loans - <$100k 626 $11,286 $18,029
    Commercial & Industrial, US addressed loans - $100-250k 74 $5,944 $80,324
    Commercial & Industrial, US addressed loans - $250k-1MM 28 $5,482 $195,786
    Farmland loans - <$1MM 43 $6,107 $142,023
    Farmland loans - <$100k 11 $459 $41,727
    Farmland loans - $100-250k 19 $2,202 $115,895
    Farmland loans - $250k-1MM 13 $3,446 $265,077
    Agriculture operations loans - <$1MM 148 $3,517 $23,764
    Agriculture operations loans - <$100k 139 $1,937 $13,935
    Agriculture operations loans - $100-250k 5 $491 $98,200
    Agriculture operations loans - $250k-1MM 4 $1,089 $272,250