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 Washington Court House among others. We have data for 15 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.

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    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

    851

    Origination Dollar Volume (All Markets)

    $153,395,000

    Employee count

    234

    Awards

    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 (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
    COLUMBUS, OH (FHA|USDA|VA) 449 $93,435,000 $208,096 $2,880 3.60%
    Chillicothe, OH (FHA|USDA|VA) 169 $24,745,000 $146,420 $2,613 3.72%
    Jackson, OH (FHA|USDA|VA) 104 $15,600,000 $150,000 $2,868 3.76%
    Outside of Metro Areas 81 $10,895,000 $134,506 $2,772 3.95%
    Athens, OH (FHA|USDA|VA) 22 $3,490,000 $158,636 $3,179 3.96%
    Washington Court House, OH (FHA|USDA|VA) 6 $810,000 $135,000 $2,604 3.56%
    Portsmouth, OH (FHA|USDA|VA) 4 $690,000 $172,500 $2,724 3.03%
    Point Pleasant, WV-OH (FHA|USDA|VA) 5 $685,000 $137,000 $2,738 4.46%
    Bellefontaine, OH (FHA|USDA|VA) 2 $660,000 $330,000 $5,138 3.44%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $545,000 $181,667 $2,533 3.42%
    AKRON, OH (FHA|USDA|VA) 2 $530,000 $265,000 $3,021 3.06%
    Mount Vernon, OH (FHA|USDA|VA) 1 $395,000 $395,000 $6,030 3.50%
    Marion, OH (FHA|USDA|VA) 1 $375,000 $375,000 $4,706 3.50%
    Urbana, OH (FHA|USDA|VA) 1 $355,000 $355,000 $2,715 3.13%
    Zanesville, OH (FHA|USDA|VA) 1 $185,000 $185,000 $2,271 3.13%
    The Vinton County National Bank's top markets include Columbus, Chillicothe, Jackson, Athens, and Washington Court House 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.

    The Ohio Valley Bank Company
    Similarity Rank: 140
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    Similarity Rank: 153
    HOMELAND CREDIT UNION, INC.
    Similarity Rank: 160
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    Similarity Rank: 1230
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    Similarity Rank: 1488
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1584

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 851 $153,395,000 $180,253 $2,832 3.69%

    For 2020, The Vinton County National Bank's most frequently originated type of loan was Conventional, with 851 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 447 $85,555,000 $191,398 $3,262 3.94%
    Refi 381 $65,095,000 $170,853 $2,434 3.32%
    Home Improvement 15 $2,185,000 $145,667 $2,378 4.65%
    Other 8 $560,000 $70,000 $1,998 5.03%

    For 2020, The Vinton County National Bank's most frequently cited loan purpose was Home Purchase, with 447 originations. The 2nd most popular reason was Refi, with 381 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 323 $54,775,000 $169,582 $2,583 3.39%
    20 Year 171 $27,015,000 $157,982 $2,404 4.21%
    30+ year 134 $38,440,000 $286,866 $4,266 3.62%
    15 Year 132 $19,340,000 $146,515 $2,400 3.08%
    10 Year 47 $4,775,000 $101,596 $2,195 4.87%
    Other 37 $6,545,000 $176,892 $2,784 4.45%
    1 Year 6 $2,100,000 $350,000 $0 5.19%
    5 Year 1 $405,000 $405,000 $0 4.00%

    For 2020, The Vinton County National Bank's most frequently cited loan duration was 30 Year, with 323 originations. The 2nd most popular length was 20 Year, with 171 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 568 $88,010,000 $154,947
    $1k-2k 113 $24,995,000 $221,195
    $2k-3k 27 $11,725,000 $434,259
    $3k-4k 3 $1,265,000 $421,667
    $4k-5k 2 $1,350,000 $675,000
    $5k+ 2 $1,350,000 $675,000

    The Vinton County National Bank's average total fees were $2,583, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 568 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 407 $86,005,000 $211,314
    4-5% 153 $22,965,000 $150,098
    2.5-3% 148 $26,620,000 $179,865
    <2.5% 78 $11,830,000 $151,667
    5-6% 43 $5,045,000 $117,326
    Over 8% 10 $280,000 $28,000
    6-7% 7 $505,000 $72,143
    7-8% 5 $145,000 $29,000

    During 2020, The Vinton County National Bank's average interest rate for loans was 3.39%, while their most frequently originated rate bucket for loans was 3-4%, with 407 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 343 $50,225,000 $146,429 $2,567 3.42%
    $200k-400k 232 $61,590,000 $265,474 $3,183 3.43%
    $100,000 or less 229 $14,515,000 $63,384 $2,311 4.33%
    $400k-600k 36 $16,670,000 $463,056 $5,126 3.58%
    $600k-1MM 7 $5,105,000 $729,286 $8,888 4.23%
    $1MM+ 4 $5,290,000 $1,322,500 $0 3.99%

    2020 saw The Vinton County National Bank place emphasis on $100k-200k loans with 343 originations, totaling $50,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 176 $36,970,000 $210,057 $3,025 3.51%
    $75k-100k 171 $28,755,000 $168,158 $2,836 3.50%
    $50k-75k 170 $23,090,000 $135,824 $2,601 3.71%
    $50k or less 132 $12,430,000 $94,167 $2,412 3.91%
    $150k-250k 106 $26,340,000 $248,491 $3,178 3.37%
    $250k+ 24 $7,970,000 $332,083 $3,742 3.35%

    The Vinton County National Bank lent most frequently to those with incomes in the $100k-150k range, with 176 originations. The second most popular income band? $75k-100k, with 171 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 257 $43,425,000 $168,969 $2,758 3.51%
    30-36% 136 $22,350,000 $164,338 $2,807 3.51%
    <20% 108 $17,340,000 $160,556 $2,584 3.37%
    41% 31 $5,095,000 $164,355 $2,912 3.52%
    39% 27 $5,145,000 $190,556 $2,843 3.47%
    42% 24 $5,810,000 $242,083 $3,391 3.49%
    40% 23 $6,185,000 $268,913 $3,404 3.34%
    37% 23 $4,775,000 $207,609 $3,047 3.76%
    36% 23 $4,355,000 $189,348 $2,920 3.44%
    38% 21 $4,185,000 $199,286 $3,172 3.53%
    43% 11 $2,395,000 $217,727 $2,919 3.34%
    45% 9 $1,725,000 $191,667 $2,839 3.42%
    48% 8 $1,470,000 $183,750 $2,630 3.09%
    49% 6 $850,000 $141,667 $2,479 3.29%
    46% 5 $595,000 $119,000 $2,616 3.13%
    44% 5 $1,335,000 $267,000 $3,479 3.63%
    47% 3 $875,000 $291,667 $4,119 3.58%
    50-60% 3 $475,000 $158,333 $2,593 4.17%
    >60% 3 $685,000 $228,333 $3,408 5.58%

    The Vinton County National Bank lent most frequently to those with DTI ratios of 20-30%, with 257 originations. The next most common DTI ratio? 30-36%, with 136 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 672 $116,340,000 $173,125 $2,819 3.62%
    Not provided 100 $18,040,000 $180,400 $2,917 3.41%
    Not applicable 73 $17,935,000 $245,685 $3,138 4.64%
    Black 3 $525,000 $175,000 $2,682 4.54%
    American Indian 2 $320,000 $160,000 $2,643 3.75%
    Asian 1 $235,000 $235,000 $2,928 3.63%

    Approval Rates

    Total approvals of all applications
    88.82%

    The Vinton County National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.49%

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

    Points and Fees

    Points Originations Total Value Average Loan
    250.0 7 $235,000 $33,571
    265.0 3 $95,000 $31,667
    NA 841 $153,065,000 $182,004

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $855,000 $285,000
    Multifamily:Site-Built 11 $5,045,000 $458,636
    Single Family (1-4 Units):Manufactured 87 $6,645,000 $76,379
    Single Family (1-4 Units):Site-Built 750 $140,850,000 $187,800

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $4,410,000 $91,875 $2,229 3.83%
    40-60% 149 $22,295,000 $149,631 $2,477 3.42%
    60-80% 356 $67,940,000 $190,843 $2,862 3.67%
    80-100% 295 $58,675,000 $198,898 $3,069 3.78%
    Under 20% 3 $75,000 $25,000 $1,251 6.92%

    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 $18,345
    The Vinton County National Bank 112 West Main Street Mc Arthur, OH 45651 Full Service B&M $168,079
    The Vinton County National Bank 119 Main Street Bremen, OH 43107 Full Service B&M $57,699
    The Vinton County National Bank 120 South Court Street Circleville, OH 43113 Full Service B&M $29,754
    The Vinton County National Bank 18627 Main Street Laurelville, OH 43135 Full Service B&M $49,857
    The Vinton County National Bank 1971 West Fair Avenue Lancaster, OH 43130 Full Service B&M $83,238
    The Vinton County National Bank 206 Church Street Richmond Dale, OH 45673 Full Service B&M $22,661
    The Vinton County National Bank 222 E Main St Chillicothe, OH 45601 Full Service B&M $89,306
    The Vinton County National Bank 2250 Stringtown Road Grove City, OH 43123 Full Service B&M $22,589
    The Vinton County National Bank 26 East Main Street Ashville, OH 43103 Full Service B&M $56,018
    The Vinton County National Bank 399 West Front Street Logan, OH 43138 Full Service B&M $57,380
    The Vinton County National Bank 521 East Main Street Lancaster, OH 43130 Full Service B&M $131,440
    The Vinton County National Bank 63109 Ohio 689 Wilkesville, OH 45695 Full Service B&M $14,798
    The Vinton County National Bank 6360 Prentiss School Drive Canal Winchester, OH 43110 Full Service B&M $92,165
    The Vinton County National Bank 700 Corylus Drive Pataskala, OH 43062 Full Service B&M $21,024
    The Vinton County National Bank 775 Western Avenue Chillicothe, OH 45601 Full Service B&M $41,077
    The Vinton County National Bank 920 Veterans Drive, Suite E Jackson, OH 45640 Full Service B&M $23,292

    For 2020, The Vinton County National Bank had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $43,001
    Net interest income $36,221
    Total noninterest income $8,284
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,399
    Trading account gains and fees $0
    Additional Noninterest Income $6,885
    Pre-tax net operating income $12,230
    Securities gains (or losses, -) $0
    Income before extraordinary items $10,094
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,094
    Minority interest net income $0
    Net income $10,094
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,094

    The Vinton County National Bank's gross interest income from loans was $43,001,000.
    The Vinton County National Bank's net interest income from loans was $36,221,000.
    The Vinton County National Bank's fee based income from loans was $1,399,000.
    The Vinton County National Bank's net income from loans was $10,094,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,780
    Provision for credit losses $1,549
    Total noninterest expense $30,726
    Salaries and employee benefits $15,572
    Premises and equipment expense $3,860
    Additional noninterest expense $11,294
    Applicable income taxes $2,136
    Net charge-offs $815
    Cash dividends $2,750

    The Vinton County National Bank's interest expense for loans was $6,780,000.
    The Vinton County National Bank's payroll and benefits expense were $15,572,000.
    The Vinton County National Bank's property, plant and equipment expenses $3,860,000.

    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 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 0.8%
    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 $1,039,629
    Deposits held in domestic offices $1,039,629
    Deposits by Individuals, partnerships, and corporations $904,504
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $135,110
    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 $438,325
    Demand deposits $226,909
    Nontransaction accounts $601,303
    Money market deposit accounts (MMDAs) $158,584
    Other savings deposits (excluding MMDAs) $121,769
    Total time deposits $320,949
    Total time and savings deposits $812,719
    Noninterest-bearing deposits $226,909
    Interest-bearing deposits $812,720
    Retail deposits $983,485
    IRAs and Keogh plan accounts $59,372
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,182,019
    Cash & Balances due from depository institutions $163,121
    Interest-bearing balances $152,105
    Total securities $195,544
    Federal funds sold & reverse repurchase $128
    Net loans and leases $779,196
    Loan and leases loss allowance $6,780
    Trading account assets $0
    Bank premises and fixed assets $18,688
    Other real estate owned $0
    Goodwill and other intangibles $7,958
    All other assets $17,384

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,182,019
    Total Liabilities $1,054,520
    Total deposits $1,039,629
    Interest-bearing deposits $812,720
    Deposits held in domestic offices $1,039,629
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $6,748
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $8,143

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $779,196
    Loan and leases loss allowance $6,780
    Total loans and leases (domestic) $785,976
    All real estate loans $526,420
    Real estate loans in domestic offices $526,420
    Construction and development loans $76,789
    Residential 1-4 family construction $14,890
    Other construction, all land development and other land $61,899
    Loans secured by nonfarm nonresidential properties $95,377
    Nonfarm nonresidential secured by owner-occupied properties $60,339
    Commercial real estate & other non-farm, non-residential $35,038
    Multifamily residential real estate $4,457
    1-4 family residential loans $341,140
    Farmland loans $8,657
    Loans held in foreign offices $0
    Farm loans $5,320
    Commercial and industrial loans $56,568
    To non-U.S. addressees $0
    Loans to individuals $182,854
    Credit card loans $5,468
    Related Plans $694
    Consumer Auto Loans $124,746
    Other loans to individuals $51,946
    All other loans & leases $14,814
    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 $1,687
    Non 1-4 family restructured loans & leases $584
    Total loans and leases (foreign) $0

    THE VINTON COUNTY NATIONAL BANK had $779,196,000 of loans outstanding in 2020. $526,420,000 of loans were in real estate loans. $76,789,000 of loans were in development loans. $4,457,000 of loans were in multifamily mortgage loans. $341,140,000 of loans were in 1-4 family mortgage loans. $5,320,000 of loans were in farm loans. $5,468,000 of loans were in credit card loans. $124,746,000 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 417 $67,665 $162,266
    Nonfarm, nonresidential loans - <$100k 132 $4,865 $36,856
    Nonfarm, nonresidential loans - $100-250k 166 $19,974 $120,325
    Nonfarm, nonresidential loans - $250k-1MM 119 $42,826 $359,882
    Commercial & Industrial, US addressed loans - <$1MM 998 $43,706 $43,794
    Commercial & Industrial, US addressed loans - <$100k 830 $17,346 $20,899
    Commercial & Industrial, US addressed loans - $100-250k 122 $13,235 $108,484
    Commercial & Industrial, US addressed loans - $250k-1MM 46 $13,125 $285,326
    Farmland loans - <$1MM 38 $4,912 $129,263
    Farmland loans - <$100k 9 $359 $39,889
    Farmland loans - $100-250k 18 $2,348 $130,444
    Farmland loans - $250k-1MM 11 $2,205 $200,455
    Agriculture operations loans - <$1MM 191 $5,120 $26,806
    Agriculture operations loans - <$100k 174 $2,311 $13,282
    Agriculture operations loans - $100-250k 12 $1,340 $111,667
    Agriculture operations loans - $250k-1MM 5 $1,469 $293,800