Consumers National Bank Mortgage Rates, Fees & Info

Minerva, OH

LEI: 549300E0P87HTQVFQH08

Tax ID: 34-1794667

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Mortgage Data

Bank Data

Review & Overview

Consumers National Bank is a smaller bank specializing in Home Purchase loans. Consumers National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Canton, Akron, Salem, Youngstown, and Cleveland among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Consumers National Bank 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

143

Origination Dollar Volume (All Markets)

$31,565,000

Employee count

142

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
CANTON-MASSILLON, OH (FHA|USDA|VA) 87 $19,295,000 $221,782 $0 0.00%
AKRON, OH (FHA|USDA|VA) 14 $4,480,000 $320,000 $0 0.00%
Salem, OH (FHA|USDA|VA) 25 $2,755,000 $110,200 $0 0.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 6 $2,330,000 $388,333 $0 0.00%
Outside of Metro Areas 2 $1,760,000 $880,000 $0 0.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
Wooster, OH (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
MANSFIELD, OH (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 3 $175,000 $58,333 $0 0.00%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Consumers National Bank's top markets include Canton, Akron, Salem, Youngstown, and Cleveland among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 143 $31,565,000 $220,734 $0 0.00%

    For 2019, Consumers National Bank's most frequently originated type of loan was Conventional, with 143 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 82 $22,720,000 $277,073 $0 0.00%
    Refi 32 $6,090,000 $190,313 $0 0.00%
    Home Improvement 12 $800,000 $66,667 $0 0.00%
    Other 10 $570,000 $57,000 $0 0.00%
    Cash Out Refi 7 $1,385,000 $197,857 $0 0.00%

    For 2019, Consumers National Bank's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 143 $31,565,000 $220,734 $0 0.00%

    For 2019, Consumers National Bank's most frequently cited loan duration was Other, with 143 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 51 $2,805,000 $55,000 $0 0.00%
    $200k-400k 41 $11,315,000 $275,976 $0 0.00%
    $100k-200k 32 $4,600,000 $143,750 $0 0.00%
    $400k-600k 10 $4,920,000 $492,000 $0 0.00%
    $600k-1MM 8 $6,240,000 $780,000 $0 0.00%
    $1MM+ 1 $1,685,000 $1,685,000 $0 0.00%

    2019 saw Consumers National Bank place emphasis on $100,000 or less loans with 51 originations, totaling $2,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 29 $7,125,000 $245,690 $0 0.00%
    $50k-75k 27 $2,675,000 $99,074 $0 0.00%
    $75k-100k 19 $2,825,000 $148,684 $0 0.00%
    $150k-250k 18 $4,750,000 $263,889 $0 0.00%
    $50k or less 18 $1,640,000 $91,111 $0 0.00%
    $250k+ 12 $4,720,000 $393,333 $0 0.00%

    Consumers National Bank lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $50k-75k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 143 $31,565,000 $220,734 $0 0.00%

    Consumers National Bank lent most frequently to those with DTI ratios of Exempt%, with 143 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 124 $23,800,000 $191,935 $0 0.00%
    Not applicable 16 $7,250,000 $453,125 $0 0.00%
    Asian 1 $325,000 $325,000 $0 0.00%
    Black 2 $190,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.60%

    Consumers National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.41%

    Consumers National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 143 $31,565,000 $220,734

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $6,745,000 $613,182
    Single Family (1-4 Units):Manufactured 11 $1,195,000 $108,636
    Single Family (1-4 Units):Site-Built 121 $23,625,000 $195,248

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Consumer Real Estate Finance Co. FHA mortgage Closing on a mortgage 1 50.0%
    Consumer Real Estate Finance Co. Other type of mortgage Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Consumers National Bank 1017 Canton Road, Northwest Carrollton, OH 44615 Full Service B&M $51,814
    Consumers National Bank 1111 North Chapel Street Louisville, OH 44641 Full Service B&M $21,787
    Consumers National Bank 1215 W Maple Street Hartville, OH 44632 Full Service B&M $20,645
    Consumers National Bank 141 South Ellsworth Salem, OH 44460 Full Service B&M $55,502
    Consumers National Bank 210 Wabash Avenue South Brewster, OH 44613 Full Service B&M $5,712
    Consumers National Bank 256 2nd Street Bergholz, OH 43908 Full Service B&M $19,904
    Consumers National Bank 30034 Canal Street Hanoverton, OH 44423 Full Service B&M $12,808
    Consumers National Bank 3680 Embassy Parkway Fairlawn, OH 44333 Full Service B&M $11,233
    Consumers National Bank 4026 Dressler Rd Canton, OH 44718 Full Service B&M $22,462
    Consumers National Bank 4070 Alliance Road Nw Malvern, OH 44644 Full Service B&M $19,931
    Consumers National Bank 440 West Noble Street East Canton, OH 44730 Full Service B&M $24,471
    Consumers National Bank 610 West State St Alliance, OH 44601 Full Service B&M $25,786
    Consumers National Bank 614 East Lincoln Way Minerva, OH 44657 Full Service B&M $92,060
    Consumers National Bank 7895 Dickey Drive Lisbon, OH 44432 Full Service B&M $48,845
    Consumers National Bank 8607 Waynesburg Drive, Southeast Waynesburg, OH 44688 Full Service B&M $39,248

    For 2019, Consumers National Bank had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,077
    Net interest income $18,190
    Total noninterest income $4,190
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,229
    Trading account gains and fees $0
    Additional Noninterest Income $2,961
    Pre-tax net operating income $6,371
    Securities gains (or losses, -) $107
    Income before extraordinary items $5,577
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,577
    Minority interest net income $0
    Net income $5,577
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,484

    Consumers National Bank's gross interest income from loans was $22,077,000.
    Consumers National Bank's net interest income from loans was $18,190,000.
    Consumers National Bank's fee based income from loans was $1,229,000.
    Consumers National Bank's net income from loans was $5,577,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,887
    Provision for credit losses $535
    Total noninterest expense $15,474
    Salaries and employee benefits $8,660
    Premises and equipment expense $2,225
    Additional noninterest expense $4,589
    Applicable income taxes $901
    Net charge-offs $9
    Cash dividends $2,070

    Consumers National Bank's interest expense for loans was $3,887,000.
    Consumers National Bank's payroll and benefits expense were $8,660,000.
    Consumers National Bank's property, plant and equipment expenses $2,225,000.

    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 $489,458
    Deposits held in domestic offices $489,458
    Deposits by Individuals, partnerships, and corporations $425,196
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $64,262
    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 $40,931
    Demand deposits $27,423
    Nontransaction accounts $448,527
    Money market deposit accounts (MMDAs) $75,511
    Other savings deposits (excluding MMDAs) $260,936
    Total time deposits $112,078
    Total time and savings deposits $462,035
    Noninterest-bearing deposits $122,873
    Interest-bearing deposits $366,585
    Retail deposits $450,487
    IRAs and Keogh plan accounts $15,750
    Brokered deposits $1,502
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $574,601
    Cash & Balances due from depository institutions $14,883
    Interest-bearing balances $7,193
    Total securities $136,662
    Federal funds sold & reverse repurchase $154
    Net loans and leases $395,517
    Loan and leases loss allowance $4,095
    Trading account assets $0
    Bank premises and fixed assets $14,422
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $12,963

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $574,600
    Total Liabilities $522,382
    Total deposits $489,458
    Interest-bearing deposits $366,585
    Deposits held in domestic offices $489,458
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $3,870
    Trading liabilities $0
    Other borrowed funds $24,827
    Subordinated debt $0
    All other liabilities $4,227

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $395,517
    Loan and leases loss allowance $4,095
    Total loans and leases (domestic) $399,612
    All real estate loans $316,799
    Real estate loans in domestic offices $316,799
    Construction and development loans $23,927
    Residential 1-4 family construction $5,066
    Other construction, all land development and other land $18,861
    Loans secured by nonfarm nonresidential properties $147,207
    Nonfarm nonresidential secured by owner-occupied properties $91,095
    Commercial real estate & other non-farm, non-residential $56,112
    Multifamily residential real estate $22,950
    1-4 family residential loans $80,485
    Farmland loans $42,230
    Loans held in foreign offices $0
    Farm loans $4,579
    Commercial and industrial loans $52,426
    To non-U.S. addressees $0
    Loans to individuals $6,430
    Credit card loans $0
    Related Plans $230
    Consumer Auto Loans $2,963
    Other loans to individuals $3,237
    All other loans & leases $19,378
    Loans to foreign governments and official institutions $0
    Other loans $17,971
    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 $385
    Non 1-4 family restructured loans & leases $378
    Total loans and leases (foreign) $0

    Consumers National Bank had $395,517,000 of loans outstanding in 2019. $316,799,000 of loans were in real estate loans. $23,927,000 of loans were in development loans. $22,950,000 of loans were in multifamily mortgage loans. $80,485,000 of loans were in 1-4 family mortgage loans. $4,579,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,963,000 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 417 $86,673 $207,849
    Nonfarm, nonresidential loans - <$100k 113 $3,603 $31,885
    Nonfarm, nonresidential loans - $100-250k 119 $13,980 $117,479
    Nonfarm, nonresidential loans - $250k-1MM 185 $69,090 $373,459
    Commercial & Industrial, US addressed loans - <$1MM 495 $38,314 $77,402
    Commercial & Industrial, US addressed loans - <$100k 322 $8,539 $26,519
    Commercial & Industrial, US addressed loans - $100-250k 86 $7,736 $89,953
    Commercial & Industrial, US addressed loans - $250k-1MM 87 $22,039 $253,322
    Farmland loans - <$1MM 140 $21,776 $155,543
    Farmland loans - <$100k 44 $1,785 $40,568
    Farmland loans - $100-250k 44 $5,358 $121,773
    Farmland loans - $250k-1MM 52 $14,633 $281,404
    Agriculture operations loans - <$1MM 153 $3,983 $26,033
    Agriculture operations loans - <$100k 135 $2,908 $21,541
    Agriculture operations loans - $100-250k 15 $870 $58,000
    Agriculture operations loans - $250k-1MM 3 $205 $68,333