Minster Bank Mortgage Rates, Fees & Info

Minster, OH

LEI: 549300GED4IYN84L8F67

Tax ID: 34-4306490

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Mortgage Data

Bank Data

Review & Overview

Minster Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Minster Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dayton, Wapakoneta, Sidney, Celina, and Bellefontaine among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

Minster 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.

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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Originations

402

Origination Dollar Volume (All Markets)

$77,650,000

Employee count

93

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
DAYTON-KETTERING, OH (FHA|USDA|VA) 122 $25,890,000 $212,213 $0 0.00%
Wapakoneta, OH (FHA|USDA|VA) 142 $25,410,000 $178,944 $0 0.00%
Sidney, OH (FHA|USDA|VA) 82 $15,070,000 $183,780 $0 0.00%
Celina, OH (FHA|USDA|VA) 23 $4,755,000 $206,739 $0 0.00%
Bellefontaine, OH (FHA|USDA|VA) 5 $1,665,000 $333,000 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $970,000 $242,500 $0 0.00%
Greenville, OH (FHA|USDA|VA) 8 $920,000 $115,000 $0 0.00%
LIMA, OH (FHA|USDA|VA) 4 $620,000 $155,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $575,000 $575,000 $0 0.00%
Outside of Metro Areas 2 $400,000 $200,000 $0 0.00%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
SPRINGFIELD, OH (FHA|USDA|VA) 2 $300,000 $150,000 $0 0.00%
Findlay, OH (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
Urbana, OH (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
COLUMBUS, OH (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
ASHEVILLE, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Minster Bank's top markets include Dayton, Wapakoneta, Sidney, Celina, and Bellefontaine among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Similar Lenders

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    Greenville Federal
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 402 $77,650,000 $193,159 $0 0.00%

    For 2021, Minster Bank's most frequently originated type of loan was Conventional, with 402 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 213 $42,705,000 $200,493 $0 0.00%
    Refi 95 $17,725,000 $186,579 $0 0.00%
    Cash Out Refi 91 $17,055,000 $187,418 $0 0.00%
    Home Improvement 3 $165,000 $55,000 $0 0.00%

    For 2021, Minster Bank's most frequently cited loan purpose was Home Purchase, with 213 originations. The 2nd most popular reason was Refi, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 402 $77,650,000 $193,159 $0 0.00%

    For 2021, Minster Bank's most frequently cited loan duration was Other, with 402 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 194 $28,530,000 $147,062 $0 0.00%
    $200k-400k 104 $27,560,000 $265,000 $0 0.00%
    $100,000 or less 72 $5,180,000 $71,944 $0 0.00%
    $400k-600k 28 $13,370,000 $477,500 $0 0.00%
    $600k-1MM 3 $1,955,000 $651,667 $0 0.00%
    $1MM+ 1 $1,055,000 $1,055,000 $0 0.00%

    2021 saw Minster Bank place emphasis on $100k-200k loans with 194 originations, totaling $28,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 85 $13,085,000 $153,941 $0 0.00%
    $100k-150k 82 $16,910,000 $206,220 $0 0.00%
    $50k or less 75 $8,465,000 $112,867 $0 0.00%
    $75k-100k 61 $11,985,000 $196,475 $0 0.00%
    $150k-250k 45 $13,785,000 $306,333 $0 0.00%
    $250k+ 8 $2,700,000 $337,500 $0 0.00%

    Minster Bank lent most frequently to those with incomes in the $50k-75k range, with 85 originations. The second most popular income band? $100k-150k, with 82 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 402 $77,650,000 $193,159 $0 0.00%

    Minster Bank lent most frequently to those with DTI ratios of Exempt%, with 402 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 350 $66,550,000 $190,143 $0 0.00%
    Not applicable 38 $8,990,000 $236,579 $0 0.00%
    Not provided 10 $1,520,000 $152,000 $0 0.00%
    Black 2 $250,000 $125,000 $0 0.00%
    American Indian 1 $185,000 $185,000 $0 0.00%
    Asian 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.06%

    Minster Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.84%

    Minster Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 402 $77,650,000 $193,159

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    402 $77,650,000 $193,159

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Minster Bank 265 East Fourth Street Minster, OH 45865 Limited, Drive-thru $6,797
    Minster Bank 301 West High Street St. Marys, OH 45885 Full Service B&M $69,074
    Minster Bank 443 South Washington Street New Bremen, OH 45869 Full Service B&M $61,938
    Minster Bank 607 North Defiance Street Wapakoneta, OH 45895 Full Service B&M $81,599
    Minster Bank 8530 North Dixie Drive Dayton, OH 45414 Full Service B&M $15,374
    Minster Bank 95 West 4th Street Minster, OH 45865 Full Service B&M $187,791
    Minster Bank 117 West Russell Road Sidney, OH 45365 Full Service B&M $108,934
    Minster Bank 1280 Experiment Farm Rd Troy, OH 45373 Full Service B&M $65,926

    For 2021, Minster Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,151
    Net interest income $17,516
    Total noninterest income $5,824
    Gross Fiduciary activities income $1,702
    Service charges on deposit accounts $420
    Trading account gains and fees $0
    Additional Noninterest Income $3,702
    Pre-tax net operating income $9,431
    Securities gains (or losses, -) $32
    Income before extraordinary items $7,557
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,557
    Minority interest net income $0
    Net income $7,557
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,531

    Minster Bank's gross interest income from loans was $18,151,000.
    Minster Bank's net interest income from loans was $17,516,000.
    Minster Bank's fee based income from loans was $420,000.
    Minster Bank's net income from loans was $7,557,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $635
    Provision for credit losses $344
    Total noninterest expense $13,565
    Salaries and employee benefits $7,805
    Premises and equipment expense $1,351
    Additional noninterest expense $4,409
    Applicable income taxes $1,906
    Net charge-offs $8
    Cash dividends $1,000

    Minster Bank's interest expense for loans was $635,000.
    Minster Bank's payroll and benefits expense were $7,805,000.
    Minster Bank's property, plant and equipment expenses $1,351,000.

    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 $675,134
    Deposits held in domestic offices $675,134
    Deposits by Individuals, partnerships, and corporations $582,778
    Deposits by U.S. Government $4,858
    Deposits by States and political subdivisions in the U.S. $87,498
    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 $353,747
    Demand deposits $217,764
    Nontransaction accounts $321,387
    Money market deposit accounts (MMDAs) $184,605
    Other savings deposits (excluding MMDAs) $74,617
    Total time deposits $62,165
    Total time and savings deposits $457,370
    Noninterest-bearing deposits $201,232
    Interest-bearing deposits $473,902
    Retail deposits $664,032
    IRAs and Keogh plan accounts $12,625
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $755,344
    Cash & Balances due from depository institutions $212,180
    Interest-bearing balances $206,622
    Total securities $235,654
    Federal funds sold & reverse repurchase $3,731
    Net loans and leases $283,432
    Loan and leases loss allowance $3,796
    Trading account assets $0
    Bank premises and fixed assets $7,469
    Other real estate owned $0
    Goodwill and other intangibles $65
    All other assets $12,813

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $755,344
    Total Liabilities $698,419
    Total deposits $675,134
    Interest-bearing deposits $473,902
    Deposits held in domestic offices $675,134
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $17,437
    Trading liabilities $0
    Other borrowed funds $1,206
    Subordinated debt $0
    All other liabilities $4,642

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $283,432
    Loan and leases loss allowance $3,796
    Total loans and leases (domestic) $287,228
    All real estate loans $226,576
    Real estate loans in domestic offices $226,576
    Construction and development loans $14,225
    Residential 1-4 family construction $9,088
    Other construction, all land development and other land $5,137
    Loans secured by nonfarm nonresidential properties $104,796
    Nonfarm nonresidential secured by owner-occupied properties $60,809
    Commercial real estate & other non-farm, non-residential $43,987
    Multifamily residential real estate $16,432
    1-4 family residential loans $61,724
    Farmland loans $29,399
    Loans held in foreign offices $0
    Farm loans $6,021
    Commercial and industrial loans $39,105
    To non-U.S. addressees $0
    Loans to individuals $2,609
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,528
    Other loans to individuals $81
    All other loans & leases $13,084
    Loans to foreign governments and official institutions $0
    Other loans $1,647
    Loans to depository institutions and acceptances of other banks $7,191
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $65
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Minster Bank had $283,432,000 of loans outstanding in 2021. $226,576,000 of loans were in real estate loans. $14,225,000 of loans were in development loans. $16,432,000 of loans were in multifamily mortgage loans. $61,724,000 of loans were in 1-4 family mortgage loans. $6,021,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,528,000 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 244 $54,474 $223,254
    Nonfarm, nonresidential loans - <$100k 62 $2,702 $43,581
    Nonfarm, nonresidential loans - $100-250k 71 $9,307 $131,085
    Nonfarm, nonresidential loans - $250k-1MM 111 $42,465 $382,568
    Commercial & Industrial, US addressed loans - <$1MM 300 $19,075 $63,583
    Commercial & Industrial, US addressed loans - <$100k 175 $3,886 $22,206
    Commercial & Industrial, US addressed loans - $100-250k 60 $3,802 $63,367
    Commercial & Industrial, US addressed loans - $250k-1MM 65 $11,387 $175,185
    Farmland loans - <$1MM 65 $8,316 $127,938
    Farmland loans - <$100k 18 $770 $42,778
    Farmland loans - $100-250k 24 $2,380 $99,167
    Farmland loans - $250k-1MM 23 $5,166 $224,609
    Agriculture operations loans - <$1MM 74 $4,894 $66,135
    Agriculture operations loans - <$100k 50 $1,088 $21,760
    Agriculture operations loans - $100-250k 11 $1,027 $93,364
    Agriculture operations loans - $250k-1MM 13 $2,779 $213,769