North Valley Bank Mortgage Rates, Fees & Info

Zanesville, OH

LEI: 549300HPK3YMV2JKCB12

Tax ID: 31-4122250

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Mortgage Data

Bank Data

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. Their top markets by origination volume include: Columbus, Zanesville, Athens, and Cambridge among others. We have data for 5 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.

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Originations

100

Origination Dollar Volume (All Markets)

$15,030,000

Employee count

65

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
COLUMBUS, OH (FHA|USDA|VA) 31 $6,695,000 $215,968 $0 0.00%
Zanesville, OH (FHA|USDA|VA) 37 $4,865,000 $131,486 $0 0.00%
Outside of Metro Areas 28 $3,140,000 $112,143 $0 0.00%
Athens, OH (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
Cambridge, OH (FHA|USDA|VA) 2 $140,000 $70,000 $0 0.00%
North Valley Bank's top markets include Columbus, Zanesville, Athens, and Cambridge among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 100 $15,030,000 $150,300 $0 0.00%

    For 2019, North Valley Bank's most frequently originated type of loan was Conventional, with 100 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $8,745,000 $186,064 $0 0.00%
    Refi 43 $5,475,000 $127,326 $0 0.00%
    Home Improvement 5 $325,000 $65,000 $0 0.00%
    Other 5 $485,000 $97,000 $0 0.00%

    For 2019, North Valley Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 100 $15,030,000 $150,300 $0 0.00%

    For 2019, North Valley Bank's most frequently cited loan duration was Other, with 100 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 48 $3,110,000 $64,792 $0 0.00%
    $100k-200k 36 $4,870,000 $135,278 $0 0.00%
    $200k-400k 13 $3,165,000 $243,462 $0 0.00%
    $1MM+ 2 $3,150,000 $1,575,000 $0 0.00%
    $600k-1MM 1 $735,000 $735,000 $0 0.00%

    2019 saw North Valley Bank place emphasis on $100,000 or less loans with 48 originations, totaling $3,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 30 $2,580,000 $86,000 $0 0.00%
    $50k-75k 16 $1,810,000 $113,125 $0 0.00%
    $75k-100k 15 $2,435,000 $162,333 $0 0.00%
    $100k-150k 12 $1,850,000 $154,167 $0 0.00%
    $150k-250k 2 $310,000 $155,000 $0 0.00%
    $250k+ 2 $160,000 $80,000 $0 0.00%

    North Valley Bank lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $50k-75k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 100 $15,030,000 $150,300 $0 0.00%

    North Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 100 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $9,260,000 $118,718 $0 0.00%
    Not applicable 20 $5,580,000 $279,000 $0 0.00%
    Asian 1 $125,000 $125,000 $0 0.00%
    Black 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.04%

    North Valley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.00%

    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
    Exempt 100 $15,030,000 $150,300

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $3,595,000 $719,000
    Single Family (1-4 Units):Manufactured 14 $1,070,000 $76,429
    Single Family (1-4 Units):Site-Built 81 $10,365,000 $127,963

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    North Valley Bank 10 Third Street Malta, OH 43758 Full Service B&M $19,347
    North Valley Bank 11 N 4th St Zanesville, OH 43701 Full Service B&M $19,712
    North Valley Bank 117 N Valley Street Corning, OH 43730 Full Service B&M $32,994
    North Valley Bank 2775 Maysville Pike Zanesville, OH 43701 Full Service B&M $74,575
    North Valley Bank 3636 Maple Ave. Zanesville, OH 43701 Full Service B&M $18,135
    North Valley Bank 5245 Walnut Road Se Buckeye Lake, OH 43008 Full Service B&M $5,938

    For 2019, North Valley Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,745
    Net interest income $7,864
    Total noninterest income $1,744
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $324
    Trading account gains and fees $0
    Additional Noninterest Income $1,420
    Pre-tax net operating income $1,601
    Securities gains (or losses, -) $58
    Income before extraordinary items $1,409
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,409
    Minority interest net income $0
    Net income $1,409
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,359

    North Valley Bank's gross interest income from loans was $9,745,000.
    North Valley Bank's net interest income from loans was $7,864,000.
    North Valley Bank's fee based income from loans was $324,000.
    North Valley Bank's net income from loans was $1,409,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,881
    Provision for credit losses $0
    Total noninterest expense $8,007
    Salaries and employee benefits $4,595
    Premises and equipment expense $1,056
    Additional noninterest expense $2,356
    Applicable income taxes $250
    Net charge-offs $118
    Cash dividends $134

    North Valley Bank's interest expense for loans was $1,881,000.
    North Valley Bank's payroll and benefits expense were $4,595,000.
    North Valley Bank's property, plant and equipment expenses $1,056,000.

    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 $195,006
    Deposits held in domestic offices $195,006
    Deposits by Individuals, partnerships, and corporations $173,738
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $21,258
    Deposits by Commercial banks and other depository institutions in U.S. $10
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $71,120
    Demand deposits $40,591
    Nontransaction accounts $123,886
    Money market deposit accounts (MMDAs) $48,955
    Other savings deposits (excluding MMDAs) $29,424
    Total time deposits $45,507
    Total time and savings deposits $154,415
    Noninterest-bearing deposits $40,591
    Interest-bearing deposits $154,415
    Retail deposits $186,156
    IRAs and Keogh plan accounts $5,797
    Brokered deposits $2,697
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $230,529
    Cash & Balances due from depository institutions $13,774
    Interest-bearing balances $9,645
    Total securities $37,356
    Federal funds sold & reverse repurchase $5,522
    Net loans and leases $157,811
    Loan and leases loss allowance $1,431
    Trading account assets $0
    Bank premises and fixed assets $6,995
    Other real estate owned $0
    Goodwill and other intangibles $1,508
    All other assets $7,563

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $230,529
    Total Liabilities $207,436
    Total deposits $195,006
    Interest-bearing deposits $154,415
    Deposits held in domestic offices $195,006
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $11,199
    Subordinated debt $0
    All other liabilities $1,231

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $157,811
    Loan and leases loss allowance $1,431
    Total loans and leases (domestic) $159,242
    All real estate loans $134,369
    Real estate loans in domestic offices $134,369
    Construction and development loans $7,802
    Residential 1-4 family construction $2,363
    Other construction, all land development and other land $5,439
    Loans secured by nonfarm nonresidential properties $56,716
    Nonfarm nonresidential secured by owner-occupied properties $34,346
    Commercial real estate & other non-farm, non-residential $22,370
    Multifamily residential real estate $11,754
    1-4 family residential loans $48,771
    Farmland loans $9,326
    Loans held in foreign offices $0
    Farm loans $1,868
    Commercial and industrial loans $13,931
    To non-U.S. addressees $0
    Loans to individuals $8,922
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,863
    Other loans to individuals $6,059
    All other loans & leases $152
    Loans to foreign governments and official institutions $0
    Other loans $65
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    North Valley Bank had $157,811,000 of loans outstanding in 2019. $134,369,000 of loans were in real estate loans. $7,802,000 of loans were in development loans. $11,754,000 of loans were in multifamily mortgage loans. $48,771,000 of loans were in 1-4 family mortgage loans. $1,868,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,863,000 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 230 $24,429 $106,213
    Nonfarm, nonresidential loans - <$100k 130 $1,646 $12,662
    Nonfarm, nonresidential loans - $100-250k 39 $4,790 $122,821
    Nonfarm, nonresidential loans - $250k-1MM 61 $17,993 $294,967
    Commercial & Industrial, US addressed loans - <$1MM 232 $11,158 $48,095
    Commercial & Industrial, US addressed loans - <$100k 183 $3,510 $19,180
    Commercial & Industrial, US addressed loans - $100-250k 30 $2,756 $91,867
    Commercial & Industrial, US addressed loans - $250k-1MM 19 $4,892 $257,474
    Farmland loans - <$1MM 116 $8,742 $75,362
    Farmland loans - <$100k 66 $746 $11,303
    Farmland loans - $100-250k 34 $4,066 $119,588
    Farmland loans - $250k-1MM 16 $3,930 $245,625
    Agriculture operations loans - <$1MM 64 $1,863 $29,109
    Agriculture operations loans - <$100k 56 $859 $15,339
    Agriculture operations loans - $100-250k 7 $808 $115,429
    Agriculture operations loans - $250k-1MM 1 $196 $196,000