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

Jump to:

  • 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, Portsmouth, and Athens among others. We have data for 14 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% 4/18/24
    30 Year Conventional Refi 6.85% 4/18/24
    30 Year FHA Purchase 6.27% 4/18/24
    30 Year USDA Purchase 6.27% 4/18/24
    15 Year Conventional Purchase 6.15% 4/18/24
    15 Year Conventional Refi 6.74% 4/18/24
    15 Year Cash-out Refi 6.74% 4/18/24
    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

    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

    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) 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.

    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: 72
    The Ohio Valley Bank Company
    Similarity Rank: 190
    EDUCATION FIRST CREDIT UNION, INC.
    Similarity Rank: 567
    TrueCore Federal Credit Union
    Similarity Rank: 716
    First Federal Savings and Loan Association
    Similarity Rank: 979
    Liberty National Bank
    Similarity Rank: 1104
    LCNB National Bank
    Similarity Rank: 1131
    Kingston National Bank
    Similarity Rank: 1760
    The Community Bank
    Similarity Rank: 1953
    1st National Bank
    Similarity Rank: 2088

    Product Mix

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

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

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, The Vinton County National Bank's most frequently cited loan purpose was Home Purchase, with 446 originations. The 2nd most popular reason was 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 2021, The Vinton County National Bank's most frequently cited loan duration was 30 Year, with 379 originations. The 2nd most popular length was 20 Year, with 195 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 8 $3,590,000 $448,750
    $5k+ 3 $2,295,000 $765,000
    $4k-5k 2 $690,000 $345,000

    The Vinton County National Bank's average total fees were $2,848, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.35%, while their most frequently originated rate bucket for loans was 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
    89.48%

    The Vinton County National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.63%

    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 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
    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

    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