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 above average approval rate when compared to the average across all lenders. They have an above 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

    803

    Origination Dollar Volume (All Markets)

    $91,755,000

    Employee count

    77

    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) 562 $61,640,000 $109,680 $1,854 3.29%
    Salem, OH (FHA|USDA|VA) 173 $18,635,000 $107,717 $1,734 3.25%
    PITTSBURGH, PA (FHA|USDA|VA) 57 $8,865,000 $155,526 $2,789 3.23%
    WHEELING, WV-OH (FHA|USDA|VA) 11 $2,615,000 $237,727 $2,218 3.15%
    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: 208
    Seven Seventeen Credit Union
    Similarity Rank: 375
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 414
    Standard Bank, PaSB
    Similarity Rank: 584
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 612
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 639
    Clear Mountain Bank
    Similarity Rank: 928
    AmeriServ Financial Bank
    Similarity Rank: 1120
    Community Bank
    Similarity Rank: 1260
    The Farmers National Bank of Canfield
    Similarity Rank: 1274

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 743 $88,905,000 $119,657 $1,903 3.28%
    HELOC 60 $2,850,000 $47,500 n/a 3.25%

    For 2021, Hancock County Savings Bank Fsb's most frequently originated type of loan was Conventional, with 743 originations. Their 2nd most popular type was HELOC, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 360 $41,500,000 $115,278 $1,997 3.34%
    Refi 338 $44,640,000 $132,071 $1,902 3.09%
    Home Improvement 80 $3,990,000 $49,875 $1,205 3.65%
    Other 25 $1,625,000 $65,000 $1,196 3.63%

    For 2021, Hancock County Savings Bank Fsb's most frequently cited loan purpose was Home Purchase, with 360 originations. The 2nd most popular reason was Refi, with 338 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 439 $59,625,000 $135,820 $2,009 3.25%
    20 Year 165 $14,045,000 $85,121 $1,924 3.52%
    15 Year 128 $12,870,000 $100,547 $1,823 2.83%
    10 Year 45 $2,085,000 $46,333 $1,129 3.89%
    Other 22 $3,060,000 $139,091 $1,974 3.13%
    5 Year 4 $70,000 $17,500 $608 4.39%

    For 2021, Hancock County Savings Bank Fsb's most frequently cited loan duration was 30 Year, with 439 originations. The 2nd most popular length was 20 Year, with 165 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 704 $86,330,000 $122,628

    Hancock County Savings Bank Fsb's average total fees were $2,009, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 704 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 519 $65,295,000 $125,809
    2.5-3% 218 $23,040,000 $105,688
    4-5% 52 $2,790,000 $53,654
    5-6% 13 $425,000 $32,692
    6-7% 1 $205,000 $205,000

    During 2021, Hancock County Savings Bank Fsb's average interest rate for loans was 3.25%, while their most frequently originated rate bucket for loans was 3-4%, with 519 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 424 $25,500,000 $60,142 $1,623 3.36%
    $100k-200k 278 $37,570,000 $135,144 $1,980 3.17%
    $200k-400k 94 $24,680,000 $262,553 $2,601 3.21%
    $400k-600k 6 $3,000,000 $500,000 $3,140 3.21%
    $1MM+ 1 $1,005,000 $1,005,000 $2,647 3.25%

    2021 saw Hancock County Savings Bank Fsb place emphasis on $100,000 or less loans with 424 originations, totaling $25,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 242 $19,040,000 $78,678 $1,703 3.24%
    $50k-75k 184 $17,890,000 $97,228 $1,833 3.23%
    $100k-150k 150 $22,610,000 $150,733 $2,122 3.28%
    $75k-100k 144 $17,380,000 $120,694 $2,025 3.31%
    $150k-250k 60 $9,570,000 $159,500 $2,040 3.35%
    $250k+ 22 $5,150,000 $234,091 $2,689 3.60%

    Hancock County Savings Bank Fsb lent most frequently to those with incomes in the $50k or less range, with 242 originations. The second most popular income band? $50k-75k, with 184 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 269 $30,685,000 $114,071 $1,845 3.25%
    30-36% 173 $21,445,000 $123,960 $1,978 3.26%
    <20% 172 $18,010,000 $104,709 $1,861 3.17%
    39% 43 $4,975,000 $115,698 $2,020 3.32%
    38% 32 $4,090,000 $127,813 $1,852 3.27%
    40% 29 $3,185,000 $109,828 $1,961 3.30%
    37% 28 $3,380,000 $120,714 $1,967 3.30%
    36% 27 $2,545,000 $94,259 $1,788 3.20%
    41% 6 $770,000 $128,333 $1,990 3.23%
    42% 4 $610,000 $152,500 $2,005 3.13%
    44% 2 $680,000 $340,000 $3,802 3.25%
    >60% 1 $165,000 $165,000 $1,849 3.25%
    43% 1 $35,000 $35,000 $1,717 2.75%
    45% 1 $125,000 $125,000 $2,949 3.25%

    Hancock County Savings Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 269 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 788 $90,360,000 $114,670 $1,902 3.27%
    Black 14 $1,300,000 $92,857 $1,870 3.46%
    Native Hawaiian 1 $95,000 $95,000 $2,413 2.75%

    Approval Rates

    Total approvals of all applications
    90.57%

    Hancock County Savings Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.54%

    Hancock County Savings Bank Fsb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1036.02 1 $145,000 $145,000
    106.75 1 $55,000 $55,000
    109.25 1 $45,000 $45,000
    196.51 1 $105,000 $105,000
    34.0 5 $135,000 $27,000
    35.0 6 $430,000 $71,667
    350.0 1 $25,000 $25,000
    37.0 1 $35,000 $35,000
    47.0 4 $130,000 $32,500
    475.0 1 $35,000 $35,000
    48.0 1 $15,000 $15,000
    533.2 1 $35,000 $35,000
    537.02 1 $35,000 $35,000
    557.26 1 $25,000 $25,000
    574.77 1 $55,000 $55,000
    582.02 1 $25,000 $25,000
    595.1 1 $15,000 $15,000
    620.1 1 $25,000 $25,000
    630.1 1 $15,000 $15,000
    643.1 1 $25,000 $25,000
    643.85 1 $25,000 $25,000
    663.2 1 $45,000 $45,000
    665.1 1 $15,000 $15,000
    668.1 1 $25,000 $25,000
    670.1 1 $65,000 $65,000
    676.2 1 $35,000 $35,000
    693.2 1 $45,000 $45,000
    705.1 1 $65,000 $65,000
    714.2 1 $15,000 $15,000
    715.1 3 $125,000 $41,667
    72.0 1 $255,000 $255,000
    74.0 3 $135,000 $45,000
    748.1 1 $45,000 $45,000
    764.73 1 $55,000 $55,000
    766.2 1 $25,000 $25,000
    768.6 1 $35,000 $35,000
    780.1 1 $55,000 $55,000
    781.1 1 $55,000 $55,000
    792.1 1 $55,000 $55,000
    85.0 1 $55,000 $55,000
    87.0 2 $80,000 $40,000
    917.6 1 $95,000 $95,000
    928.6 1 $35,000 $35,000
    NA 743 $88,905,000 $119,657

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    803 $91,755,000 $114,265

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 74 $4,530,000 $61,216 $1,633 3.07%
    40-60% 98 $11,190,000 $114,184 $1,886 3.05%
    60-80% 326 $42,280,000 $129,693 $1,991 3.32%
    80-100% 258 $32,180,000 $124,729 $1,950 3.25%
    Under 20% 47 $1,575,000 $33,511 $598 3.87%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    HANCOCK WHITNEY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 42.9%
    HANCOCK WHITNEY BANK Conventional home mortgage Closing on a mortgage 1 14.3%
    HANCOCK WHITNEY BANK Conventional home mortgage Trouble during payment process 1 14.3%
    HANCOCK WHITNEY BANK Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 14.3%
    HANCOCK WHITNEY BANK Other type of mortgage Trouble during payment process 1 14.3%

    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 $55,590
    Hancock County Savings Bank, F.S.B. 351 Carolina Avenue Chester, WV 26034 Full Service B&M $123,227
    Hancock County Savings Bank, F.S.B. 375 Three Springs Drive Weirton, WV 26062 Full Service B&M $167,461

    For 2021, Hancock County Savings Bank Fsb had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,573
    Net interest income $12,939
    Total noninterest income $1,657
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $400
    Trading account gains and fees $0
    Additional Noninterest Income $1,257
    Pre-tax net operating income $5,128
    Securities gains (or losses, -) $-15
    Income before extraordinary items $3,813
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,813
    Minority interest net income $0
    Net income $3,813
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,824

    Hancock County Savings Bank Fsb's gross interest income from loans was $14,573,000.
    Hancock County Savings Bank Fsb's net interest income from loans was $12,939,000.
    Hancock County Savings Bank Fsb's fee based income from loans was $400,000.
    Hancock County Savings Bank Fsb's net income from loans was $3,813,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,634
    Provision for credit losses $-315
    Total noninterest expense $9,783
    Salaries and employee benefits $5,371
    Premises and equipment expense $1,294
    Additional noninterest expense $3,118
    Applicable income taxes $1,300
    Net charge-offs $-201
    Cash dividends $0

    Hancock County Savings Bank Fsb's interest expense for loans was $1,634,000.
    Hancock County Savings Bank Fsb's payroll and benefits expense were $5,371,000.
    Hancock County Savings Bank Fsb's property, plant and equipment expenses $1,294,000.

    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 $343,315
    Deposits held in domestic offices $343,315
    Deposits by Individuals, partnerships, and corporations $329,334
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,981
    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 $101,702
    Demand deposits $101,702
    Nontransaction accounts $241,613
    Money market deposit accounts (MMDAs) $32,641
    Other savings deposits (excluding MMDAs) $132,613
    Total time deposits $76,359
    Total time and savings deposits $241,613
    Noninterest-bearing deposits $32,132
    Interest-bearing deposits $311,183
    Retail deposits $334,288
    IRAs and Keogh plan accounts $28,941
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $444,738
    Cash & Balances due from depository institutions $30,762
    Interest-bearing balances $28,358
    Total securities $40,034
    Federal funds sold & reverse repurchase $0
    Net loans and leases $362,527
    Loan and leases loss allowance $2,364
    Trading account assets $0
    Bank premises and fixed assets $3,427
    Other real estate owned $46
    Goodwill and other intangibles $80
    All other assets $7,862

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $444,738
    Total Liabilities $367,155
    Total deposits $343,315
    Interest-bearing deposits $311,183
    Deposits held in domestic offices $343,315
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $22,500
    Subordinated debt $0
    All other liabilities $1,340

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $362,527
    Loan and leases loss allowance $2,364
    Total loans and leases (domestic) $364,891
    All real estate loans $351,613
    Real estate loans in domestic offices $351,613
    Construction and development loans $6,102
    Residential 1-4 family construction $2,965
    Other construction, all land development and other land $3,137
    Loans secured by nonfarm nonresidential properties $4,565
    Nonfarm nonresidential secured by owner-occupied properties $3,610
    Commercial real estate & other non-farm, non-residential $955
    Multifamily residential real estate $693
    1-4 family residential loans $340,253
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $876
    To non-U.S. addressees $0
    Loans to individuals $12,378
    Credit card loans $0
    Related Plans $613
    Consumer Auto Loans $4,871
    Other loans to individuals $6,894
    All other loans & leases $30
    Loans to foreign governments and official institutions $0
    Other loans $25
    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 $1,176
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    HANCOCK COUNTY SAVINGS BANK FSB had $362,527,000 of loans outstanding in 2021. $351,613,000 of loans were in real estate loans. $6,102,000 of loans were in development loans. $693,000 of loans were in multifamily mortgage loans. $340,253,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $4,871,000 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 21 $2,297 $109,381
    Nonfarm, nonresidential loans - <$100k 12 $628 $52,333
    Nonfarm, nonresidential loans - $100-250k 7 $809 $115,571
    Nonfarm, nonresidential loans - $250k-1MM 2 $860 $430,000
    Commercial & Industrial, US addressed loans - <$1MM 30 $876 $29,200
    Commercial & Industrial, US addressed loans - <$100k 28 $565 $20,179
    Commercial & Industrial, US addressed loans - $100-250k 2 $311 $155,500