Hancock County Savings Bank Fsb Mortgage Rates, Fees & Info

CHESTER, WV

LEI: 549300C6CUP19I9O0770

Tax ID: 55-0188195

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
  • Complaints
  • 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

    Hancock County Savings Bank Fsb is a smaller bank specializing in Home Purchase and Refi loans. Hancock County Savings Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Weirton, Salem, Pittsburgh, and Wheeling among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hancock County Savings Bank Fsb has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Hancock County Savings Bank Fsb 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 4.70% 12/16/24
    30 Year Conventional Purchase 6.07% 12/16/24
    30 Year Conventional Refi 5.99% 12/16/24
    15 Year Conventional Purchase 5.42% 12/16/24
    15 Year Conventional Refi 5.45% 12/16/24
    15 Year Cash-out Refi 5.45% 12/16/24
    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.

    Hancock County Savings Bank Fsb Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Hancock County Savings Bank Fsb. 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

    462

    Origination Dollar Volume (All Markets)

    $42,740,000

    Employee count

    75 Show all (8) 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
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 304 $25,480,000 $83,816 $1,649 4.50%
    Salem, OH (FHA|USDA|VA) 109 $9,935,000 $91,147 $1,713 4.60%
    PITTSBURGH, PA (FHA|USDA|VA) 39 $5,005,000 $128,333 $2,850 4.24%
    WHEELING, WV-OH (FHA|USDA|VA) 10 $2,320,000 $232,000 $1,892 4.05%
    Hancock County Savings Bank Fsb's top markets include Weirton, Salem, Pittsburgh, and Wheeling among others.

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

    • Similar Lenders

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

    Westmoreland Federal Savings
    Similarity Rank: 12
    TRI BORO
    Similarity Rank: 25
    Commercial Bank and Trust of PA
    Similarity Rank: 57
    West View Savings Bank
    Similarity Rank: 102
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 104
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 152
    M. S. Flynn, Inc.
    Similarity Rank: 204
    The Cortland Savings and Banking Company
    Similarity Rank: 225
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 348
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 570

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 442 $41,590,000 $94,095 $1,775 4.55%
    HELOC 20 $1,150,000 $57,500 n/a 3.25%

    For 2018, Hancock County Savings Bank Fsb's most frequently originated type of loan was Conventional, with 442 originations. Their 2nd most popular type was HELOC, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 240 $22,420,000 $93,417 $1,835 4.58%
    Refi 141 $16,535,000 $117,270 $2,058 4.28%
    Home Improvement 43 $2,155,000 $50,116 $1,033 4.73%
    Other 38 $1,630,000 $42,895 $836 4.38%

    For 2018, Hancock County Savings Bank Fsb's most frequently cited loan purpose was Home Purchase, with 240 originations. The 2nd most popular reason was Refi, with 141 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 208 $25,650,000 $123,317 $2,156 4.32%
    20 Year 93 $7,165,000 $77,043 $2,344 4.81%
    10 Year 83 $2,925,000 $35,241 $630 4.91%
    15 Year 51 $4,965,000 $97,353 $1,901 3.92%
    Other 16 $1,790,000 $111,875 $2,279 4.12%
    5 Year 11 $245,000 $22,273 $450 4.99%

    For 2018, Hancock County Savings Bank Fsb's most frequently cited loan duration was 30 Year, with 208 originations. The 2nd most popular length was 20 Year, with 93 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 347 $31,095,000 $89,611
    $1k-2k 40 $7,580,000 $189,500

    Hancock County Savings Bank Fsb's average total fees were $2,156, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 347 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 241 $26,335,000 $109,274
    3-4% 110 $11,700,000 $106,364
    5-6% 107 $3,855,000 $36,028
    <2.5% 3 $295,000 $98,333
    2.5-3% 1 $555,000 $555,000

    During 2018, Hancock County Savings Bank Fsb's average interest rate for loans was 4.32%, while their most frequently originated rate bucket for loans was 4-5%, with 241 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 306 $14,570,000 $47,614 $1,352 4.65%
    $100k-200k 118 $16,240,000 $137,627 $2,290 4.19%
    $200k-400k 32 $8,090,000 $252,813 $2,848 4.19%
    $600k-1MM 4 $2,690,000 $672,500 $3,681 4.03%
    $400k-600k 2 $1,150,000 $575,000 $2,887 3.50%

    2018 saw Hancock County Savings Bank Fsb place emphasis on $100,000 or less loans with 306 originations, totaling $14,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 124 $10,140,000 $81,774 $1,879 4.35%
    $50k or less 123 $5,975,000 $48,577 $1,289 4.60%
    $75k-100k 87 $8,475,000 $97,414 $1,959 4.36%
    $100k-150k 75 $9,065,000 $120,867 $2,151 4.59%
    $150k-250k 30 $4,670,000 $155,667 $2,166 4.57%
    $250k+ 14 $4,000,000 $285,714 $2,845 4.69%

    Hancock County Savings Bank Fsb lent most frequently to those with incomes in the $50k-75k range, with 124 originations. The second most popular income band? $50k or less, with 123 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 151 $13,575,000 $89,901 $1,681 4.36%
    30-36% 112 $11,800,000 $105,357 $1,864 4.42%
    <20% 91 $8,635,000 $94,890 $1,900 4.29%
    37% 19 $1,725,000 $90,789 $1,580 4.45%
    36% 19 $2,445,000 $128,684 $2,109 4.25%
    38% 15 $1,375,000 $91,667 $1,856 4.27%
    39% 6 $770,000 $128,333 $1,835 4.46%
    46% 1 $15,000 $15,000 $695 5.25%

    Hancock County Savings Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 151 originations. The next most common DTI ratio? 30-36%, with 112 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 450 $42,000,000 $93,333 $1,778 4.49%
    Black 6 $520,000 $86,667 $2,350 4.98%
    Not provided 5 $165,000 $33,000 $388 4.05%
    Japanese 1 $55,000 $55,000 $1,085 4.50%

    Approval Rates

    Total approvals of all applications
    82.08%

    Hancock County Savings Bank Fsb has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    90.69%

    Hancock County Savings Bank Fsb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1051.21 1 $115,000 $115,000
    1249.96 1 $305,000 $305,000
    132.0 1 $25,000 $25,000
    34.0 3 $55,000 $18,333
    419.76 2 $100,000 $50,000
    43.0 1 $25,000 $25,000
    476.96 1 $55,000 $55,000
    585.96 1 $35,000 $35,000
    587.73 1 $15,000 $15,000
    68.0 1 $35,000 $35,000
    719.75 1 $55,000 $55,000
    729.73 1 $25,000 $25,000
    868.73 1 $155,000 $155,000
    896.96 2 $70,000 $35,000
    901.96 1 $35,000 $35,000
    921.83 1 $45,000 $45,000
    NA 442 $41,590,000 $94,095

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $410,000 $102,500
    Single Family (1-4 Units):Site-Built 458 $42,330,000 $92,424

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $2,330,000 $48,542 $993 4.58%
    40-60% 45 $3,755,000 $83,444 $2,110 4.21%
    60-80% 204 $24,070,000 $117,990 $2,141 4.39%
    80-100% 106 $11,400,000 $107,547 $1,985 4.57%
    Under 20% 59 $1,185,000 $20,085 $324 4.81%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    HANCOCK WHITNEY BANK Conventional home mortgage Trouble during payment process 2 66.7%
    HANCOCK WHITNEY BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Hancock County Savings Bank, F.S.B. 1200 Ridge Avenue New Cumberland, WV 26047 Full Service B&M $41,867
    Hancock County Savings Bank, F.S.B. 351 Carolina Avenue Chester, WV 26034 Full Service B&M $95,478
    Hancock County Savings Bank, F.S.B. 375 Three Springs Drive Weirton, WV 26062 Full Service B&M $146,691

    For 2018, Hancock County Savings Bank Fsb had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,232
    Net interest income $12,609
    Total noninterest income $1,502
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $501
    Trading account gains and fees $0
    Additional Noninterest Income $1,001
    Pre-tax net operating income $4,304
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,307
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,307
    Minority interest net income $0
    Net income $3,307
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,307

    Hancock County Savings Bank Fsb's gross interest income from loans was $14,232,000.
    Hancock County Savings Bank Fsb's net interest income from loans was $12,609,000.
    Hancock County Savings Bank Fsb's fee based income from loans was $501,000.
    Hancock County Savings Bank Fsb's net income from loans was $3,307,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,623
    Provision for credit losses $0
    Total noninterest expense $9,807
    Salaries and employee benefits $5,177
    Premises and equipment expense $1,303
    Additional noninterest expense $3,327
    Applicable income taxes $997
    Net charge-offs $104
    Cash dividends $0

    Hancock County Savings Bank Fsb's interest expense for loans was $1,623,000.
    Hancock County Savings Bank Fsb's payroll and benefits expense were $5,177,000.
    Hancock County Savings Bank Fsb's property, plant and equipment expenses $1,303,000.

    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 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 0.0%
    Other consumer loans 3.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $280,379
    Deposits held in domestic offices $280,379
    Deposits by Individuals, partnerships, and corporations $268,817
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,563
    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 $68,114
    Demand deposits $68,114
    Nontransaction accounts $212,266
    Money market deposit accounts (MMDAs) $21,271
    Other savings deposits (excluding MMDAs) $100,566
    Total time deposits $90,428
    Total time and savings deposits $212,266
    Noninterest-bearing deposits $16,229
    Interest-bearing deposits $264,150
    Retail deposits $271,298
    IRAs and Keogh plan accounts $29,943
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $366,452
    Cash & Balances due from depository institutions $24,466
    Interest-bearing balances $23,197
    Total securities $41,792
    Federal funds sold & reverse repurchase $0
    Net loans and leases $291,982
    Loan and leases loss allowance $2,865
    Trading account assets $0
    Bank premises and fixed assets $3,905
    Other real estate owned $8
    Goodwill and other intangibles $139
    All other assets $4,160

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $366,452
    Total Liabilities $299,439
    Total deposits $280,379
    Interest-bearing deposits $264,150
    Deposits held in domestic offices $280,379
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $18,000
    Subordinated debt $0
    All other liabilities $1,060

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $291,982
    Loan and leases loss allowance $2,865
    Total loans and leases (domestic) $294,847
    All real estate loans $285,262
    Real estate loans in domestic offices $285,262
    Construction and development loans $4,093
    Residential 1-4 family construction $1,652
    Other construction, all land development and other land $2,441
    Loans secured by nonfarm nonresidential properties $4,656
    Nonfarm nonresidential secured by owner-occupied properties $3,919
    Commercial real estate & other non-farm, non-residential $737
    Multifamily residential real estate $192
    1-4 family residential loans $276,321
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $614
    To non-U.S. addressees $0
    Loans to individuals $9,073
    Credit card loans $0
    Related Plans $782
    Consumer Auto Loans $2,297
    Other loans to individuals $5,994
    All other loans & leases $23
    Loans to foreign governments and official institutions $0
    Other loans $13
    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 $1,199
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    HANCOCK COUNTY SAVINGS BANK FSB had $291,982,000 of loans outstanding in 2018. $285,262,000 of loans were in real estate loans. $4,093,000 of loans were in development loans. $192,000 of loans were in multifamily mortgage loans. $276,321,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,297,000 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 18 $2,147 $119,278
    Nonfarm, nonresidential loans - <$100k 10 $444 $44,400
    Nonfarm, nonresidential loans - $100-250k 5 $621 $124,200
    Nonfarm, nonresidential loans - $250k-1MM 3 $1,082 $360,667
    Commercial & Industrial, US addressed loans - <$1MM 20 $614 $30,700
    Commercial & Industrial, US addressed loans - <$100k 16 $283 $17,688
    Commercial & Industrial, US addressed loans - $100-250k 2 $117 $58,500
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $214 $107,000