The Old Point National Bank Of Phoebus Mortgage Rates, Fees & Info
Hampton, VALEI: 549300CPWNBJ0UCBZ853
Tax ID: 54-0325370
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Mortgage Data
Bank Data
Review & Overview
The Old Point National Bank Of Phoebus is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. The Old Point National Bank Of Phoebus has a high proportion of conventional loans. Their top two markets are Virginia Beach and Richmond .The Old Point National Bank Of Phoebus 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.
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Originations
123Origination Dollar Volume (All Markets)
$29,855,000Employee count
265Top 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 |
|---|---|---|---|---|---|
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 120 | $29,300,000 | $244,167 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $235,000 | $235,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 123 | $29,855,000 | $242,724 | $0 | 0.00% |
For 2019, The Old Point National Bank Of Phoebus's most frequently originated type of loan was Conventional, with 123 originations.
Loan Reason
For 2019, The Old Point National Bank Of Phoebus's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 123 | $29,855,000 | $242,724 | $0 | 0.00% |
For 2019, The Old Point National Bank Of Phoebus's most frequently cited loan duration was Other, with 123 originations.
Loan Sizing
2019 saw The Old Point National Bank Of Phoebus place emphasis on $100,000 or less loans with 47 originations, totaling $2,895,000 in origination value.
Applicant Income
The Old Point National Bank Of Phoebus lent most frequently to those with incomes in the $150k-250k range, with 25 originations. The second most popular income band? $250k+, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 123 | $29,855,000 | $242,724 | $0 | 0.00% |
The Old Point National Bank Of Phoebus lent most frequently to those with DTI ratios of Exempt%, with 123 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.63%
The Old Point National Bank Of Phoebus has an average approval rate.
Pick Rate
Approvals leading to origination82.11%
The Old Point National Bank Of Phoebus has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 123 | $29,855,000 | $242,724 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The Old Point National Bank of Phoebus | 1 West Mellen Street Hampton, VA 23663 | Full Service B&M | $122,804 |
| The Old Point National Bank of Phoebus | 10 South Mallory Street Hampton, VA 23663 | Limited, Administrative | $0 |
| The Old Point National Bank of Phoebus | 100 Griffith Street Fort Monroe, VA 23651 | Full Service B&M | $0 |
| The Old Point National Bank of Phoebus | 1000 Cedar Rd Chesapeake, VA 23322 | Full Service B&M | $0 |
| The Old Point National Bank of Phoebus | 11134 Warwick Boulevard Newport News, VA 23601 | Full Service B&M | $44,853 |
| The Old Point National Bank of Phoebus | 11407 Windsor Boulevard Windsor, VA 23487 | Full Service B&M | $35,981 |
| The Old Point National Bank of Phoebus | 11751 Jefferson Avenue Newport News, VA 23606 | Full Service B&M | $53,860 |
| The Old Point National Bank of Phoebus | 11780 Jefferson Avenue Newport News, VA 23606 | Full Service B&M | $0 |
| The Old Point National Bank of Phoebus | 13489 Carrollton Boulevard Carrollton, VA 23314 | Full Service B&M | $20,575 |
| The Old Point National Bank of Phoebus | 13801 Warwick Boulevard Newport News, VA 23602 | Full Service B&M | $48,456 |
| The Old Point National Bank of Phoebus | 1613 Laskin Road Virginia Beach, VA 23451 | Full Service B&M | $40,913 |
| The Old Point National Bank of Phoebus | 1812 Granby Street Norfolk, VA 23510 | Full Service B&M | $16,588 |
| The Old Point National Bank of Phoebus | 201 Kiln Creek Parkway Yorktown, VA 23693 | Full Service B&M | $37,563 |
| The Old Point National Bank of Phoebus | 2101 Executive Drive Hampton, VA 23666 | Full Service B&M | $35,042 |
| The Old Point National Bank of Phoebus | 24 Wine Street Hampton, VA 23669 | Full Service B&M | $101,631 |
| The Old Point National Bank of Phoebus | 347 Woodland Road Hampton, VA 23669 | Full Service B&M | $51,482 |
| The Old Point National Bank of Phoebus | 351 Independence Boulevard Virginia Beach, VA 23462 | Full Service B&M | $22,278 |
| The Old Point National Bank of Phoebus | 4030 West Mercury Boulevard Hampton, VA 23666 | Full Service B&M | $53,560 |
| The Old Point National Bank of Phoebus | 4139 Ironbound Road Williamsburg, VA 23188 | Full Service B&M | $38,440 |
| The Old Point National Bank of Phoebus | 580 East Main Street Norfolk, VA 23510 | Full Service B&M | $63,982 |
| The Old Point National Bank of Phoebus | 740 Eden Way North Chesapeake, VA 23320 | Full Service B&M | $35,399 |
| The Old Point National Bank of Phoebus | 7504 Richmond Road Williamsburg, VA 23188 | Full Service B&M | $26,198 |
For 2019, The Old Point National Bank Of Phoebus had 22 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $40,121 |
| Net interest income | $33,810 |
| Total noninterest income | $8,866 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $4,085 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,781 |
| Pre-tax net operating income | $8,525 |
| Securities gains (or losses, -) | $314 |
| Income before extraordinary items | $7,785 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $7,785 |
| Minority interest net income | $0 |
| Net income | $7,785 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $7,508 |
The Old Point National Bank Of Phoebus's gross interest income from loans was $40,121,000.
The Old Point National Bank Of Phoebus's net interest income from loans was $33,810,000.
The Old Point National Bank Of Phoebus's fee based income from loans was $4,085,000.
The Old Point National Bank Of Phoebus's net income from loans was $7,785,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $6,311 |
| Provision for credit losses | $318 |
| Total noninterest expense | $33,833 |
| Salaries and employee benefits | $20,405 |
| Premises and equipment expense | $5,400 |
| Additional noninterest expense | $8,028 |
| Applicable income taxes | $1,054 |
| Net charge-offs | $769 |
| Cash dividends | $3,000 |
The Old Point National Bank Of Phoebus's interest expense for loans was $6,311,000.
The Old Point National Bank Of Phoebus's payroll and benefits expense were $20,405,000.
The Old Point National Bank Of Phoebus's property, plant and equipment expenses $5,400,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 1.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| 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 | 2.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $891,567 |
| Deposits held in domestic offices | $891,567 |
| Deposits by Individuals, partnerships, and corporations | $812,739 |
| Deposits by U.S. Government | $3 |
| Deposits by States and political subdivisions in the U.S. | $65,265 |
| Deposits by Commercial banks and other depository institutions in U.S. | $13,560 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $97,010 |
| Demand deposits | $54,846 |
| Nontransaction accounts | $794,557 |
| Money market deposit accounts (MMDAs) | $481,118 |
| Other savings deposits (excluding MMDAs) | $85,521 |
| Total time deposits | $227,918 |
| Total time and savings deposits | $836,721 |
| Noninterest-bearing deposits | $264,407 |
| Interest-bearing deposits | $627,160 |
| Retail deposits | $847,063 |
| IRAs and Keogh plan accounts | $19,288 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,048,158 |
| Cash & Balances due from depository institutions | $86,412 |
| Interest-bearing balances | $49,131 |
| Total securities | $139,369 |
| Federal funds sold & reverse repurchase | $3,975 |
| Net loans and leases | $738,795 |
| Loan and leases loss allowance | $9,660 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $35,283 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $2,013 |
| All other assets | $42,311 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,048,158 |
| Total Liabilities | $944,224 |
| Total deposits | $891,567 |
| Interest-bearing deposits | $627,160 |
| Deposits held in domestic offices | $891,567 |
| % insured (estimated) | $82 |
| Federal funds purchased and repurchase agreements | $11,452 |
| Trading liabilities | $0 |
| Other borrowed funds | $37,437 |
| Subordinated debt | $0 |
| All other liabilities | $3,768 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $738,795 |
| Loan and leases loss allowance | $9,660 |
| Total loans and leases (domestic) | $748,455 |
| All real estate loans | $529,501 |
| Real estate loans in domestic offices | $529,501 |
| Construction and development loans | $40,716 |
| Residential 1-4 family construction | $15,379 |
| Other construction, all land development and other land | $25,337 |
| Loans secured by nonfarm nonresidential properties | $276,495 |
| Nonfarm nonresidential secured by owner-occupied properties | $140,696 |
| Commercial real estate & other non-farm, non-residential | $135,799 |
| Multifamily residential real estate | $25,865 |
| 1-4 family residential loans | $185,378 |
| Farmland loans | $1,047 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $72,631 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $137,007 |
| Credit card loans | $0 |
| Related Plans | $2,800 |
| Consumer Auto Loans | $97,294 |
| Other loans to individuals | $36,913 |
| All other loans & leases | $9,316 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,476 |
| Loans to depository institutions and acceptances of other banks | $2,751 |
| Loans not secured by real estate | $4,911 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $850 |
| Non 1-4 family restructured loans & leases | $560 |
| Total loans and leases (foreign) | $0 |
The Old Point National Bank of Phoebus had $738,795,000 of loans outstanding in 2019. $529,501,000 of loans were in real estate loans. $40,716,000 of loans were in development loans. $25,865,000 of loans were in multifamily mortgage loans. $185,378,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $97,294,000 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 | 378 | $100,261 | $265,241 |
| Nonfarm, nonresidential loans - <$100k | 42 | $1,734 | $41,286 |
| Nonfarm, nonresidential loans - $100-250k | 129 | $16,028 | $124,248 |
| Nonfarm, nonresidential loans - $250k-1MM | 207 | $82,499 | $398,546 |
| Commercial & Industrial, US addressed loans - <$1MM | 482 | $44,917 | $93,189 |
| Commercial & Industrial, US addressed loans - <$100k | 314 | $8,023 | $25,551 |
| Commercial & Industrial, US addressed loans - $100-250k | 80 | $8,568 | $107,100 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 88 | $28,326 | $321,886 |
| Farmland loans - <$1MM | 4 | $1,047 | $261,750 |
| Farmland loans - <$100k | 1 | $92 | $92,000 |
| Farmland loans - $100-250k | 1 | $144 | $144,000 |
| Farmland loans - $250k-1MM | 2 | $811 | $405,500 |