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

    449

    Origination Dollar Volume (All Markets)

    $46,785,000

    Employee count

    74

    Awards

    HANCOCK COUNTY SAVINGS BANK FSB 30 Year Conventional Loans gold HANCOCK COUNTY SAVINGS BANK FSB 30 Year Conventional Loans gold HANCOCK COUNTY SAVINGS BANK FSB 30 Year Conventional Loans silver HANCOCK COUNTY SAVINGS BANK FSB 30 Year Conventional Loans gold
    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
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 295 $29,235,000 $99,102 $1,753 4.37%
    Salem, OH (FHA|USDA|VA) 113 $10,895,000 $96,416 $1,566 4.58%
    PITTSBURGH, PA (FHA|USDA|VA) 37 $4,845,000 $130,946 $2,573 4.37%
    WHEELING, WV-OH (FHA|USDA|VA) 4 $1,810,000 $452,500 $2,398 3.91%
    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.

    TRI BORO
    Similarity Rank: 70
    American Financial Mortgage Corporation
    Similarity Rank: 172
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 210
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 237
    M. S. Flynn, Inc.
    Similarity Rank: 252
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 328
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 384
    ARMCO CREDIT UNION
    Similarity Rank: 490
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 494
    NEXTIER BANK, NATIONAL ASSOCIATION
    Similarity Rank: 775

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 439 $45,755,000 $104,226 $1,782 4.44%
    HELOC 10 $1,030,000 $103,000 n/a 3.25%

    For 2019, Hancock County Savings Bank Fsb's most frequently originated type of loan was Conventional, with 439 originations. Their 2nd most popular type was HELOC, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 210 $22,110,000 $105,286 $1,954 4.53%
    Refi 154 $21,320,000 $138,442 $2,031 4.07%
    Home Improvement 49 $1,995,000 $40,714 $869 4.93%
    Other 36 $1,360,000 $37,778 $832 4.54%

    For 2019, Hancock County Savings Bank Fsb's most frequently cited loan purpose was Home Purchase, with 210 originations. The 2nd most popular reason was Refi, with 154 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 198 $26,750,000 $135,101 $2,190 4.25%
    10 Year 91 $3,025,000 $33,242 $656 5.00%
    20 Year 62 $5,680,000 $91,613 $2,060 4.58%
    15 Year 59 $7,215,000 $122,288 $2,085 4.00%
    Other 27 $3,865,000 $143,148 $2,165 3.98%
    5 Year 12 $250,000 $20,833 $581 4.85%

    For 2019, Hancock County Savings Bank Fsb's most frequently cited loan duration was 30 Year, with 198 originations. The 2nd most popular length was 10 Year, with 91 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 381 $37,355,000 $98,045
    $1k-2k 25 $6,485,000 $259,400

    Hancock County Savings Bank Fsb's average total fees were $2,190, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 381 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 210 $26,020,000 $123,905
    4-5% 145 $17,255,000 $119,000
    5-6% 82 $2,580,000 $31,463
    6-7% 9 $575,000 $63,889
    7-8% 2 $170,000 $85,000
    2.5-3% 1 $185,000 $185,000

    During 2019, Hancock County Savings Bank Fsb's average interest rate for loans was 4.25%, while their most frequently originated rate bucket for loans was 3-4%, with 210 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 289 $14,615,000 $50,571 $1,383 4.54%
    $100k-200k 101 $14,275,000 $141,337 $2,187 4.25%
    $200k-400k 53 $14,345,000 $270,660 $2,836 4.13%
    $400k-600k 3 $1,405,000 $468,333 $3,249 4.13%
    $600k-1MM 3 $2,145,000 $715,000 $2,496 3.50%

    2019 saw Hancock County Savings Bank Fsb place emphasis on $100,000 or less loans with 289 originations, totaling $14,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 116 $9,260,000 $79,828 $1,753 4.36%
    $50k or less 116 $6,380,000 $55,000 $1,378 4.47%
    $100k-150k 99 $13,185,000 $133,182 $2,126 4.38%
    $75k-100k 65 $6,855,000 $105,462 $1,880 4.52%
    $150k-250k 32 $6,430,000 $200,938 $2,182 4.30%
    $250k+ 15 $4,135,000 $275,667 $2,387 4.44%

    Hancock County Savings Bank Fsb lent most frequently to those with incomes in the $50k-75k range, with 116 originations. The second most popular income band? $50k or less, with 116 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 156 $15,950,000 $102,244 $1,765 4.37%
    30-36% 108 $14,080,000 $130,370 $2,016 4.38%
    <20% 96 $8,270,000 $86,146 $1,771 4.19%
    38% 21 $2,395,000 $114,048 $1,997 4.44%
    37% 16 $1,680,000 $105,000 $1,470 4.59%
    36% 12 $980,000 $81,667 $1,547 4.62%
    39% 11 $995,000 $90,455 $1,052 4.60%
    40% 6 $340,000 $56,667 $1,261 4.44%
    44% 1 $645,000 $645,000 $0 3.25%

    Hancock County Savings Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 156 originations. The next most common DTI ratio? 30-36%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 447 $46,685,000 $104,441 $1,782 4.41%
    Black 2 $100,000 $50,000 $1,669 5.63%

    Approval Rates

    Total approvals of all applications
    89.70%

    Hancock County Savings Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.65%

    Hancock County Savings Bank Fsb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    114.11 1 $15,000 $15,000
    1339.11 1 $35,000 $35,000
    34.0 1 $5,000 $5,000
    378.11 1 $645,000 $645,000
    640.11 1 $45,000 $45,000
    68.0 1 $25,000 $25,000
    70.88 1 $25,000 $25,000
    73.35 1 $55,000 $55,000
    830.11 1 $35,000 $35,000
    905.11 1 $145,000 $145,000
    NA 439 $45,755,000 $104,226

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $540,000 $90,000
    Single Family (1-4 Units):Site-Built 443 $46,245,000 $104,391

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $1,975,000 $45,930 $1,140 4.60%
    40-60% 63 $6,815,000 $108,175 $1,872 4.30%
    60-80% 187 $24,475,000 $130,882 $2,198 4.29%
    80-100% 93 $12,165,000 $130,806 $2,052 4.33%
    Under 20% 63 $1,355,000 $21,508 $509 4.91%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    HANCOCK WHITNEY BANK Conventional home mortgage Closing on a mortgage 1 33.3%
    HANCOCK WHITNEY BANK Conventional home mortgage Trouble during payment process 2 66.7%

    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 $42,364
    Hancock County Savings Bank, F.S.B. 351 Carolina Avenue Chester, WV 26034 Full Service B&M $98,967
    Hancock County Savings Bank, F.S.B. 375 Three Springs Drive Weirton, WV 26062 Full Service B&M $149,311

    For 2019, Hancock County Savings Bank Fsb had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,031
    Net interest income $12,986
    Total noninterest income $1,505
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $490
    Trading account gains and fees $0
    Additional Noninterest Income $1,015
    Pre-tax net operating income $4,542
    Securities gains (or losses, -) $15
    Income before extraordinary items $3,398
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,398
    Minority interest net income $0
    Net income $3,398
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,386

    Hancock County Savings Bank Fsb's gross interest income from loans was $15,031,000.
    Hancock County Savings Bank Fsb's net interest income from loans was $12,986,000.
    Hancock County Savings Bank Fsb's fee based income from loans was $490,000.
    Hancock County Savings Bank Fsb's net income from loans was $3,398,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,045
    Provision for credit losses $-122
    Total noninterest expense $10,071
    Salaries and employee benefits $5,454
    Premises and equipment expense $1,230
    Additional noninterest expense $3,387
    Applicable income taxes $1,159
    Net charge-offs $79
    Cash dividends $0

    Hancock County Savings Bank Fsb's interest expense for loans was $2,045,000.
    Hancock County Savings Bank Fsb's payroll and benefits expense were $5,454,000.
    Hancock County Savings Bank Fsb's property, plant and equipment expenses $1,230,000.

    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 0.0%
    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 $285,819
    Deposits held in domestic offices $285,819
    Deposits by Individuals, partnerships, and corporations $274,872
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,947
    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 $69,922
    Demand deposits $69,922
    Nontransaction accounts $215,897
    Money market deposit accounts (MMDAs) $18,521
    Other savings deposits (excluding MMDAs) $102,240
    Total time deposits $95,135
    Total time and savings deposits $215,897
    Noninterest-bearing deposits $17,297
    Interest-bearing deposits $268,522
    Retail deposits $275,193
    IRAs and Keogh plan accounts $30,333
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $373,243
    Cash & Balances due from depository institutions $24,680
    Interest-bearing balances $22,872
    Total securities $36,352
    Federal funds sold & reverse repurchase $0
    Net loans and leases $303,321
    Loan and leases loss allowance $2,664
    Trading account assets $0
    Bank premises and fixed assets $3,741
    Other real estate owned $0
    Goodwill and other intangibles $120
    All other assets $5,029

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $373,243
    Total Liabilities $302,802
    Total deposits $285,819
    Interest-bearing deposits $268,522
    Deposits held in domestic offices $285,819
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $16,000
    Subordinated debt $0
    All other liabilities $983

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $303,321
    Loan and leases loss allowance $2,664
    Total loans and leases (domestic) $305,985
    All real estate loans $294,361
    Real estate loans in domestic offices $294,361
    Construction and development loans $5,034
    Residential 1-4 family construction $2,484
    Other construction, all land development and other land $2,550
    Loans secured by nonfarm nonresidential properties $4,734
    Nonfarm nonresidential secured by owner-occupied properties $4,021
    Commercial real estate & other non-farm, non-residential $713
    Multifamily residential real estate $179
    1-4 family residential loans $284,414
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $558
    To non-U.S. addressees $0
    Loans to individuals $11,090
    Credit card loans $0
    Related Plans $777
    Consumer Auto Loans $3,529
    Other loans to individuals $6,784
    All other loans & leases $102
    Loans to foreign governments and official institutions $0
    Other loans $12
    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 $1,606
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    HANCOCK COUNTY SAVINGS BANK FSB had $303,321,000 of loans outstanding in 2019. $294,361,000 of loans were in real estate loans. $5,034,000 of loans were in development loans. $179,000 of loans were in multifamily mortgage loans. $284,414,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $3,529,000 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 20 $2,304 $115,200
    Nonfarm, nonresidential loans - <$100k 11 $607 $55,182
    Nonfarm, nonresidential loans - $100-250k 6 $706 $117,667
    Nonfarm, nonresidential loans - $250k-1MM 3 $991 $330,333
    Commercial & Industrial, US addressed loans - <$1MM 23 $558 $24,261
    Commercial & Industrial, US addressed loans - <$100k 20 $347 $17,350
    Commercial & Industrial, US addressed loans - $100-250k 3 $211 $70,333