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 Refi and Home Purchase 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 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hancock County Savings Bank Fsb has an above average approval rate when compared to the average across all lenders. They have a below 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% 4/21/24
    30 Year Conventional Purchase 6.07% 4/21/24
    30 Year Conventional Refi 5.99% 4/21/24
    15 Year Conventional Purchase 5.42% 4/21/24
    15 Year Conventional Refi 5.45% 4/21/24
    15 Year Cash-out Refi 5.45% 4/21/24
    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

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    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

    806

    Origination Dollar Volume (All Markets)

    $91,190,000

    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 gold 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) 572 $62,390,000 $109,073 $1,726 3.63%
    Salem, OH (FHA|USDA|VA) 175 $19,545,000 $111,686 $1,640 3.66%
    PITTSBURGH, PA (FHA|USDA|VA) 41 $5,705,000 $139,146 $2,537 3.75%
    WHEELING, WV-OH (FHA|USDA|VA) 17 $3,185,000 $187,353 $2,289 3.40%
    Outside of Metro Areas 1 $365,000 $365,000 $3,306 3.50%
    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.

    Seven Seventeen Credit Union
    Similarity Rank: 176
    M. S. Flynn, Inc.
    Similarity Rank: 236
    TRI BORO
    Similarity Rank: 264
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 456
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 623
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 644
    ARMCO CREDIT UNION
    Similarity Rank: 645
    PRINCETON FINANCIAL LLC
    Similarity Rank: 754
    Standard Bank, PaSB
    Similarity Rank: 756
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 770

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 769 $89,715,000 $116,664 $1,764 3.65%
    HELOC 37 $1,475,000 $39,865 n/a 3.25%

    For 2020, Hancock County Savings Bank Fsb's most frequently originated type of loan was Conventional, with 769 originations. Their 2nd most popular type was HELOC, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 426 $58,250,000 $136,737 $1,828 3.47%
    Home Purchase 287 $28,685,000 $99,948 $1,780 3.78%
    Home Improvement 48 $2,390,000 $49,792 $1,199 4.23%
    Other 45 $1,865,000 $41,444 $1,228 3.64%

    For 2020, Hancock County Savings Bank Fsb's most frequently cited loan purpose was Refi, with 426 originations. The 2nd most popular reason was Home Purchase, with 287 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 388 $48,940,000 $126,134 $1,883 3.60%
    20 Year 158 $14,320,000 $90,633 $1,830 3.76%
    15 Year 148 $17,200,000 $116,216 $1,798 3.23%
    10 Year 65 $4,375,000 $67,308 $1,021 4.30%
    Other 38 $6,160,000 $162,105 $1,770 3.59%
    5 Year 9 $195,000 $21,667 $518 5.04%

    For 2020, Hancock County Savings Bank Fsb's most frequently cited loan duration was 30 Year, with 388 originations. The 2nd most popular length was 20 Year, with 158 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 720 $86,860,000 $120,639

    Hancock County Savings Bank Fsb's average total fees were $1,883, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 720 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 604 $73,070,000 $120,977
    2.5-3% 105 $13,675,000 $130,238
    5-6% 56 $2,360,000 $42,143
    4-5% 38 $1,880,000 $49,474
    <2.5% 1 $35,000 $35,000
    6-7% 1 $15,000 $15,000
    7-8% 1 $155,000 $155,000

    During 2020, Hancock County Savings Bank Fsb's average interest rate for loans was 3.60%, while their most frequently originated rate bucket for loans was 3-4%, with 604 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 442 $26,470,000 $59,887 $1,500 3.77%
    $100k-200k 281 $39,765,000 $141,512 $1,908 3.48%
    $200k-400k 73 $19,105,000 $261,712 $2,403 3.47%
    $400k-600k 7 $3,395,000 $485,000 $2,453 3.39%
    $600k-1MM 3 $2,455,000 $818,333 $3,962 3.33%

    2020 saw Hancock County Savings Bank Fsb place emphasis on $100,000 or less loans with 442 originations, totaling $26,470,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 217 $15,465,000 $71,267 $1,520 3.71%
    $50k-75k 193 $18,235,000 $94,482 $1,801 3.61%
    $100k-150k 167 $22,835,000 $136,737 $1,969 3.68%
    $75k-100k 129 $15,085,000 $116,938 $1,812 3.56%
    $150k-250k 64 $12,200,000 $190,625 $1,991 3.61%
    $250k+ 16 $4,800,000 $300,000 $2,545 3.70%

    Hancock County Savings Bank Fsb lent most frequently to those with incomes in the $50k or less range, with 217 originations. The second most popular income band? $50k-75k, with 193 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 324 $38,740,000 $119,568 $1,763 3.59%
    30-36% 173 $19,135,000 $110,607 $1,770 3.63%
    <20% 148 $14,210,000 $96,014 $1,720 3.63%
    36% 37 $4,845,000 $130,946 $1,971 3.57%
    37% 28 $2,680,000 $95,714 $1,686 3.84%
    38% 22 $2,570,000 $116,818 $2,133 3.69%
    39% 18 $2,370,000 $131,667 $1,999 3.38%
    40% 12 $1,540,000 $128,333 $1,720 4.04%
    41% 5 $395,000 $79,000 $1,888 3.73%
    42% 3 $385,000 $128,333 $1,867 3.25%
    44% 3 $835,000 $278,333 $2,411 3.50%
    43% 1 $75,000 $75,000 $1,590 3.63%
    48% 1 $125,000 $125,000 $0 3.25%

    Hancock County Savings Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 324 originations. The next most common DTI ratio? 30-36%, with 173 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 797 $90,335,000 $113,344 $1,764 3.63%
    Black 8 $520,000 $65,000 $1,875 3.94%
    Asian 1 $335,000 $335,000 $1,394 3.75%

    Approval Rates

    Total approvals of all applications
    90.48%

    Hancock County Savings Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.45%

    Hancock County Savings Bank Fsb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    104.99 1 $15,000 $15,000
    1086.01 1 $25,000 $25,000
    1171.89 1 $165,000 $165,000
    47.0 12 $400,000 $33,333
    475.0 2 $140,000 $70,000
    49.0 1 $5,000 $5,000
    556.39 1 $25,000 $25,000
    558.89 1 $25,000 $25,000
    61.88 1 $35,000 $35,000
    629.76 1 $25,000 $25,000
    652.52 1 $55,000 $55,000
    706.76 1 $15,000 $15,000
    707.26 1 $55,000 $55,000
    725.02 1 $25,000 $25,000
    74.0 1 $25,000 $25,000
    759.76 1 $25,000 $25,000
    796.52 1 $55,000 $55,000
    81.39 1 $15,000 $15,000
    831.39 1 $165,000 $165,000
    87.0 5 $135,000 $27,000
    872.61 1 $45,000 $45,000
    NA 769 $89,715,000 $116,664

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $155,000 $155,000
    Single Family (1-4 Units):Manufactured 21 $1,885,000 $89,762
    Single Family (1-4 Units):Site-Built 784 $89,150,000 $113,712

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 55 $3,295,000 $59,909 $1,244 3.87%
    40-60% 108 $11,460,000 $106,111 $1,730 3.55%
    60-80% 384 $50,300,000 $130,990 $1,897 3.57%
    80-100% 213 $25,055,000 $117,629 $1,780 3.65%
    Under 20% 46 $1,080,000 $23,478 $628 4.02%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    HANCOCK WHITNEY BANK Conventional home mortgage Closing on a mortgage 1 25.0%
    HANCOCK WHITNEY BANK Conventional home mortgage Struggling to pay mortgage 1 25.0%
    HANCOCK WHITNEY BANK Conventional home mortgage Trouble during payment process 1 25.0%
    HANCOCK WHITNEY BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 25.0%

    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 $43,573
    Hancock County Savings Bank, F.S.B. 351 Carolina Avenue Chester, WV 26034 Full Service B&M $102,301
    Hancock County Savings Bank, F.S.B. 375 Three Springs Drive Weirton, WV 26062 Full Service B&M $155,336

    For 2020, Hancock County Savings Bank Fsb had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,500
    Net interest income $12,603
    Total noninterest income $1,463
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $369
    Trading account gains and fees $0
    Additional Noninterest Income $1,094
    Pre-tax net operating income $4,453
    Securities gains (or losses, -) $11
    Income before extraordinary items $3,328
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,328
    Minority interest net income $0
    Net income $3,328
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,319

    Hancock County Savings Bank Fsb's gross interest income from loans was $14,500,000.
    Hancock County Savings Bank Fsb's net interest income from loans was $12,603,000.
    Hancock County Savings Bank Fsb's fee based income from loans was $369,000.
    Hancock County Savings Bank Fsb's net income from loans was $3,328,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,897
    Provision for credit losses $-169
    Total noninterest expense $9,782
    Salaries and employee benefits $5,174
    Premises and equipment expense $1,266
    Additional noninterest expense $3,342
    Applicable income taxes $1,136
    Net charge-offs $16
    Cash dividends $0

    Hancock County Savings Bank Fsb's interest expense for loans was $1,897,000.
    Hancock County Savings Bank Fsb's payroll and benefits expense were $5,174,000.
    Hancock County Savings Bank Fsb's property, plant and equipment expenses $1,266,000.

    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 $313,361
    Deposits held in domestic offices $313,361
    Deposits by Individuals, partnerships, and corporations $301,206
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,155
    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 $91,260
    Demand deposits $91,260
    Nontransaction accounts $222,101
    Money market deposit accounts (MMDAs) $22,764
    Other savings deposits (excluding MMDAs) $116,201
    Total time deposits $83,136
    Total time and savings deposits $222,101
    Noninterest-bearing deposits $26,853
    Interest-bearing deposits $286,508
    Retail deposits $303,969
    IRAs and Keogh plan accounts $29,826
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $410,752
    Cash & Balances due from depository institutions $27,484
    Interest-bearing balances $25,408
    Total securities $40,378
    Federal funds sold & reverse repurchase $0
    Net loans and leases $328,756
    Loan and leases loss allowance $2,479
    Trading account assets $0
    Bank premises and fixed assets $3,573
    Other real estate owned $0
    Goodwill and other intangibles $70
    All other assets $10,491

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $410,752
    Total Liabilities $336,971
    Total deposits $313,361
    Interest-bearing deposits $286,508
    Deposits held in domestic offices $313,361
    % insured (estimated) $92
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $22,500
    Subordinated debt $0
    All other liabilities $1,110

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $328,756
    Loan and leases loss allowance $2,479
    Total loans and leases (domestic) $331,235
    All real estate loans $319,055
    Real estate loans in domestic offices $319,055
    Construction and development loans $4,369
    Residential 1-4 family construction $1,502
    Other construction, all land development and other land $2,867
    Loans secured by nonfarm nonresidential properties $4,722
    Nonfarm nonresidential secured by owner-occupied properties $3,862
    Commercial real estate & other non-farm, non-residential $860
    Multifamily residential real estate $610
    1-4 family residential loans $309,354
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $548
    To non-U.S. addressees $0
    Loans to individuals $11,616
    Credit card loans $0
    Related Plans $653
    Consumer Auto Loans $4,236
    Other loans to individuals $6,727
    All other loans & leases $74
    Loans to foreign governments and official institutions $0
    Other loans $9
    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 $1,438
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    HANCOCK COUNTY SAVINGS BANK FSB had $328,756,000 of loans outstanding in 2020. $319,055,000 of loans were in real estate loans. $4,369,000 of loans were in development loans. $610,000 of loans were in multifamily mortgage loans. $309,354,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $4,236,000 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 $2,366 $118,300
    Nonfarm, nonresidential loans - <$100k 12 $656 $54,667
    Nonfarm, nonresidential loans - $100-250k 6 $786 $131,000
    Nonfarm, nonresidential loans - $250k-1MM 2 $924 $462,000
    Commercial & Industrial, US addressed loans - <$1MM 25 $548 $21,920
    Commercial & Industrial, US addressed loans - <$100k 23 $397 $17,261
    Commercial & Industrial, US addressed loans - $100-250k 2 $151 $75,500