North Valley Bank Mortgage Rates, Fees & Info

Zanesville, OH

LEI: 549300HPK3YMV2JKCB12

Tax ID: 31-4122250

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    North Valley Bank is a smaller bank specializing in Home Purchase and Refi loans. North Valley Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Zanesville, Columbus, Coshocton, Mount Vernon, and Marietta among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    North Valley Bank 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. North Valley Bank 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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    Originations

    104

    Origination Dollar Volume (All Markets)

    $15,220,000

    Employee count

    61

    Awards

    North Valley Bank 30 Year Conventional Loans bronze North Valley Bank 30 Year Conventional Loans bronze
    Show all (2) 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
    Zanesville, OH (FHA|USDA|VA) 43 $8,545,000 $198,721 $2,881 5.31%
    COLUMBUS, OH (FHA|USDA|VA) 40 $4,220,000 $105,500 $2,576 5.45%
    Outside of Metro Areas 18 $2,030,000 $112,778 $2,305 5.07%
    Coshocton, OH (FHA|USDA|VA) 1 $195,000 $195,000 $1,464 4.75%
    Mount Vernon, OH (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.45%
    Marietta, OH (FHA|USDA|VA) 1 $85,000 $85,000 $2,139 5.38%
    North Valley Bank's top markets include Zanesville, Columbus, Coshocton, Mount Vernon, and Marietta among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against North Valley Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Columbus Metro Federal Credit Union
    Similarity Rank: 224
    TrueCore Federal Credit Union
    Similarity Rank: 360
    Victory Community Bank
    Similarity Rank: 420
    First Federal Savings and Loan Association
    Similarity Rank: 420
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 728
    North Valley Bank
    Similarity Rank: 816
    CME Federal Credit Union
    Similarity Rank: 820
    BMI Federal Credit Union
    Similarity Rank: 870
    THE VINTON COUNTY NATIONAL BANK
    Similarity Rank: 935
    KEMBA FINANCIAL
    Similarity Rank: 952

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 101 $14,815,000 $146,683 $2,525 5.34%
    USDA 3 $405,000 $135,000 $4,901 4.71%

    For 2018, North Valley Bank's most frequently originated type of loan was Conventional, with 101 originations. Their 2nd most popular type was USDA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 56 $8,720,000 $155,714 $2,883 5.33%
    Refi 31 $4,925,000 $158,871 $2,297 5.18%
    Home Improvement 7 $635,000 $90,714 $0 5.86%
    Other 7 $485,000 $69,286 $1,726 5.59%
    Cash Out Refi 3 $455,000 $151,667 $3,104 4.63%

    For 2018, North Valley Bank's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 60 $9,650,000 $160,833 $2,815 4.99%
    10 Year 18 $1,540,000 $85,556 $2,047 6.02%
    1 Year 10 $900,000 $90,000 $0 5.89%
    Other 8 $2,630,000 $328,750 $1,412 5.45%
    15 Year 6 $330,000 $55,000 $2,087 5.73%
    20 Year 2 $170,000 $85,000 $1,664 4.31%

    For 2018, North Valley Bank's most frequently cited loan duration was 30 Year, with 60 originations. The 2nd most popular length was 10 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 38 $4,840,000 $127,368
    $1k-2k 31 $4,905,000 $158,226
    $2k-3k 4 $680,000 $170,000
    $3k-4k 2 $360,000 $180,000

    North Valley Bank's average total fees were $2,815, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 38 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 45 $6,975,000 $155,000
    5-6% 42 $7,030,000 $167,381
    6-7% 17 $1,215,000 $71,471

    During 2018, North Valley Bank's average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 4-5%, with 45 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 43 $5,635,000 $131,047 $2,837 5.05%
    $100,000 or less 38 $2,250,000 $59,211 $1,785 5.72%
    $200k-400k 20 $4,830,000 $241,500 $3,342 5.16%
    $400k-600k 2 $820,000 $410,000 $907 4.69%
    $1MM+ 1 $1,685,000 $1,685,000 $0 5.85%

    2018 saw North Valley Bank place emphasis on $100k-200k loans with 43 originations, totaling $5,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 29 $3,175,000 $109,483 $2,786 5.03%
    $50k or less 20 $1,370,000 $68,500 $2,214 5.52%
    $75k-100k 16 $2,810,000 $175,625 $2,814 4.94%
    $100k-150k 14 $3,040,000 $217,143 $2,554 5.22%
    $150k-250k 5 $1,075,000 $215,000 $3,025 5.39%

    North Valley Bank lent most frequently to those with incomes in the $50k-75k range, with 29 originations. The second most popular income band? $50k or less, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 24 $3,670,000 $152,917 $2,832 5.08%
    20-30% 19 $2,595,000 $136,579 $2,078 4.90%
    36% 5 $725,000 $145,000 $2,753 5.13%
    <20% 4 $320,000 $80,000 $2,931 5.03%
    38% 4 $410,000 $102,500 $2,744 5.50%
    40% 4 $340,000 $85,000 $2,042 5.56%
    42% 4 $480,000 $120,000 $2,267 5.34%
    37% 3 $575,000 $191,667 $4,543 5.00%
    41% 3 $415,000 $138,333 $1,906 5.38%
    39% 3 $405,000 $135,000 $2,762 5.63%
    43% 2 $230,000 $115,000 $2,811 5.13%
    48% 1 $225,000 $225,000 $2,705 4.88%
    47% 1 $315,000 $315,000 $3,749 4.75%
    49% 1 $205,000 $205,000 $3,333 4.50%

    North Valley Bank lent most frequently to those with DTI ratios of 30-36%, with 24 originations. The next most common DTI ratio? 20-30%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 83 $11,495,000 $138,494 $2,627 5.19%
    Not applicable 18 $3,480,000 $193,333 $0 5.96%
    Black 3 $245,000 $81,667 $2,455 5.04%

    Approval Rates

    Total approvals of all applications
    92.00%

    North Valley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.19%

    North Valley Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 104 $15,220,000 $146,346

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $2,425,000 $485,000
    Single Family (1-4 Units):Manufactured 7 $775,000 $110,714
    Single Family (1-4 Units):Site-Built 92 $12,020,000 $130,652

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $295,000 $98,333 $1,514 5.21%
    40-60% 10 $930,000 $93,000 $2,427 5.36%
    60-80% 37 $7,295,000 $197,162 $2,461 5.20%
    80-100% 38 $5,130,000 $135,000 $2,896 5.18%
    Over 100% 1 $245,000 $245,000 $0 5.25%
    Under 20% 5 $395,000 $79,000 $1,815 5.95%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    North Valley Bank 10 Third Street Malta, OH 43758 Full Service B&M $25,417
    North Valley Bank 117 N Valley Street Corning, OH 43730 Full Service B&M $28,768
    North Valley Bank 2775 Maysville Pike Zanesville, OH 43701 Full Service B&M $97,958
    North Valley Bank 3636 Maple Ave. Zanesville, OH 43701 Full Service B&M $15,428
    North Valley Bank 5245 Walnut Road Se Buckeye Lake, OH 43008 Full Service B&M $4,443

    For 2018, North Valley Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,037
    Net interest income $7,773
    Total noninterest income $2,355
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $308
    Trading account gains and fees $0
    Additional Noninterest Income $2,047
    Pre-tax net operating income $2,557
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,144
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,144
    Minority interest net income $0
    Net income $2,144
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,144

    North Valley Bank's gross interest income from loans was $9,037,000.
    North Valley Bank's net interest income from loans was $7,773,000.
    North Valley Bank's fee based income from loans was $308,000.
    North Valley Bank's net income from loans was $2,144,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,264
    Provision for credit losses $60
    Total noninterest expense $7,511
    Salaries and employee benefits $4,498
    Premises and equipment expense $926
    Additional noninterest expense $2,087
    Applicable income taxes $413
    Net charge-offs $-150
    Cash dividends $122

    North Valley Bank's interest expense for loans was $1,264,000.
    North Valley Bank's payroll and benefits expense were $4,498,000.
    North Valley Bank's property, plant and equipment expenses $926,000.

    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 $173,644
    Deposits held in domestic offices $173,644
    Deposits by Individuals, partnerships, and corporations $149,306
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $24,331
    Deposits by Commercial banks and other depository institutions in U.S. $7
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $58,985
    Demand deposits $30,255
    Nontransaction accounts $114,659
    Money market deposit accounts (MMDAs) $58,351
    Other savings deposits (excluding MMDAs) $16,485
    Total time deposits $39,822
    Total time and savings deposits $143,389
    Noninterest-bearing deposits $30,255
    Interest-bearing deposits $143,389
    Retail deposits $162,210
    IRAs and Keogh plan accounts $5,835
    Brokered deposits $3,684
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $210,568
    Cash & Balances due from depository institutions $5,737
    Interest-bearing balances $1,917
    Total securities $41,674
    Federal funds sold & reverse repurchase $26
    Net loans and leases $147,525
    Loan and leases loss allowance $1,549
    Trading account assets $0
    Bank premises and fixed assets $6,240
    Other real estate owned $140
    Goodwill and other intangibles $683
    All other assets $8,543

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $210,568
    Total Liabilities $189,424
    Total deposits $173,644
    Interest-bearing deposits $143,389
    Deposits held in domestic offices $173,644
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $14,781
    Subordinated debt $0
    All other liabilities $999

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $147,525
    Loan and leases loss allowance $1,549
    Total loans and leases (domestic) $149,074
    All real estate loans $123,868
    Real estate loans in domestic offices $123,868
    Construction and development loans $4,478
    Residential 1-4 family construction $1,923
    Other construction, all land development and other land $2,555
    Loans secured by nonfarm nonresidential properties $48,508
    Nonfarm nonresidential secured by owner-occupied properties $30,167
    Commercial real estate & other non-farm, non-residential $18,341
    Multifamily residential real estate $13,221
    1-4 family residential loans $48,032
    Farmland loans $9,629
    Loans held in foreign offices $0
    Farm loans $2,766
    Commercial and industrial loans $14,585
    To non-U.S. addressees $0
    Loans to individuals $7,679
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,867
    Other loans to individuals $4,812
    All other loans & leases $176
    Loans to foreign governments and official institutions $0
    Other loans $103
    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 $176
    Non 1-4 family restructured loans & leases $17
    Total loans and leases (foreign) $0

    North Valley Bank had $147,525,000 of loans outstanding in 2018. $123,868,000 of loans were in real estate loans. $4,478,000 of loans were in development loans. $13,221,000 of loans were in multifamily mortgage loans. $48,032,000 of loans were in 1-4 family mortgage loans. $2,766,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,867,000 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 124 $20,598 $166,113
    Nonfarm, nonresidential loans - <$100k 40 $1,501 $37,525
    Nonfarm, nonresidential loans - $100-250k 34 $4,266 $125,471
    Nonfarm, nonresidential loans - $250k-1MM 50 $14,831 $296,620
    Commercial & Industrial, US addressed loans - <$1MM 213 $11,287 $52,991
    Commercial & Industrial, US addressed loans - <$100k 166 $3,532 $21,277
    Commercial & Industrial, US addressed loans - $100-250k 28 $2,521 $90,036
    Commercial & Industrial, US addressed loans - $250k-1MM 19 $5,234 $275,474
    Farmland loans - <$1MM 71 $9,001 $126,775
    Farmland loans - <$100k 19 $837 $44,053
    Farmland loans - $100-250k 36 $4,146 $115,167
    Farmland loans - $250k-1MM 16 $4,018 $251,125
    Agriculture operations loans - <$1MM 66 $2,761 $41,833
    Agriculture operations loans - <$100k 58 $1,276 $22,000
    Agriculture operations loans - $100-250k 7 $1,184 $169,143
    Agriculture operations loans - $250k-1MM 1 $301 $301,000