Countybank Mortgage Rates, Fees & Info

Greenwood, SC

LEI: 549300III1DMY3SLAW56

Tax ID: 57-0147610

5 stars - out of 5 stars, based on 47 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Countybank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Countybank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Greenville, Knoxville, Greenwood, Spartanburg, and Nashville among others. Countybank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Countybank is typically a low fee lendor.


Originations

2,209

Origination Dollar Volume (All Markets)

$538,235,000

Employee count

166 Show all (26) awards

Relative Rate

Countybank's average 30 year fixed rate mortgage of loans were 2.92%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.23%.

Relative Fees

Countybank's average total fees for a 30 year fixed rate mortgage are $3,249.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1,208 $300,100,000 $248,427 $3,010 2.85%
KNOXVILLE, TN (FHA|USDA|VA) 280 $71,570,000 $255,607 $3,414 2.84%
Greenwood, SC (FHA|USDA|VA) 236 $44,500,000 $188,559 $3,086 3.00%
SPARTANBURG, SC (FHA|USDA|VA) 173 $36,335,000 $210,029 $3,081 2.87%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 44 $16,320,000 $370,909 $3,439 2.87%
Outside of Metro Areas 40 $8,850,000 $221,250 $3,599 2.90%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 29 $7,845,000 $270,517 $2,719 2.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 23 $7,115,000 $309,348 $3,175 2.79%
Seneca, SC (FHA|USDA|VA) 20 $6,380,000 $319,000 $2,890 2.82%
COLUMBIA, SC (FHA|USDA|VA) 24 $5,410,000 $225,417 $2,766 2.92%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 13 $3,555,000 $273,462 $4,086 2.69%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $1,950,000 $487,500 $5,042 2.78%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $1,945,000 $277,857 $3,279 3.30%
Sevierville, TN (FHA|USDA|VA) 9 $1,705,000 $189,444 $2,568 2.86%
MORRISTOWN, TN (FHA|USDA|VA) 8 $1,640,000 $205,000 $2,418 2.84%
Newberry, SC (FHA|USDA|VA) 6 $1,500,000 $250,000 $2,729 2.79%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 5 $1,385,000 $277,000 $3,546 2.63%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $1,160,000 $290,000 $3,336 2.94%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $1,130,000 $282,500 $3,522 2.91%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $1,120,000 $280,000 $2,700 2.94%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,030,000 $515,000 $4,527 3.00%
WINSTON-SALEM, NC (FHA|USDA|VA) 4 $990,000 $247,500 $2,595 2.66%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $965,000 $321,667 $5,761 2.75%
Georgetown, SC (FHA|USDA|VA) 4 $880,000 $220,000 $3,379 3.19%
Paragould, AR (FHA|USDA|VA) 1 $595,000 $595,000 $2,050 2.75%
Gaffney, SC (FHA|USDA|VA) 3 $585,000 $195,000 $2,766 3.00%
Athens, TN (FHA|USDA|VA) 2 $580,000 $290,000 $3,021 2.69%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $550,000 $275,000 $3,301 2.81%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $465,000 $465,000 $5,402 2.88%
Newport, TN (FHA|USDA|VA) 3 $455,000 $151,667 $2,397 3.00%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 2 $440,000 $220,000 $2,028 2.63%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $420,000 $210,000 $2,522 3.19%
GREENVILLE, NC (FHA|USDA|VA) 1 $385,000 $385,000 $3,188 2.50%
THE VILLAGES, FL (FHA|USDA|VA) 1 $365,000 $365,000 $5,086 2.99%
Traverse City, MI (FHA|USDA|VA) 1 $355,000 $355,000 $2,613 2.99%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $355,000 $355,000 $2,494 2.99%
Dayton, TN (FHA|USDA|VA) 1 $335,000 $335,000 $3,032 2.75%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $325,000 $325,000 $2,897 3.38%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $325,000 $325,000 $3,436 2.25%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $325,000 $325,000 $4,813 2.63%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $315,000 $315,000 $4,063 3.13%
SAVANNAH, GA (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $2,519 2.75%
Shelby, NC (FHA|USDA|VA) 2 $300,000 $150,000 $3,167 2.75%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $275,000 $275,000 $3,369 2.50%
CLEVELAND, TN (FHA|USDA|VA) 1 $265,000 $265,000 $3,011 3.63%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $265,000 $265,000 $2,714 2.88%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $265,000 $265,000 $1,781 2.75%
FLORENCE, SC (FHA|USDA|VA) 1 $255,000 $255,000 $2,177 2.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $245,000 $245,000 $5,451 2.75%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $235,000 $235,000 $3,403 3.00%
ASHEVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,467 2.75%
Morehead City, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,264 2.50%
Brevard, NC (FHA|USDA|VA) 1 $215,000 $215,000 $4,312 3.38%
WILMINGTON, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,421 2.63%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $205,000 $205,000 $3,150 2.75%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $205,000 $205,000 $3,258 3.13%
Forest City, NC (FHA|USDA|VA) 1 $195,000 $195,000 $2,958 3.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $185,000 $185,000 $3,574 2.99%
Shelbyville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $3,223 2.88%
RICHMOND, VA (FHA|USDA|VA) 1 $165,000 $165,000 $2,160 2.88%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.13%
Cookeville, TN (FHA|USDA|VA) 1 $145,000 $145,000 $2,130 2.88%
Orangeburg, SC (FHA|USDA|VA) 1 $135,000 $135,000 $2,983 2.99%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $125,000 $125,000 $2,664 3.00%
Statesboro, GA (FHA|USDA|VA) 1 $125,000 $125,000 $2,807 3.63%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.49%
Cullowhee, NC (FHA|USDA|VA) 1 $75,000 $75,000 $2,951 2.75%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $75,000 $75,000 $2,279 2.88%
Union, SC (FHA|USDA|VA) 1 $55,000 $55,000 $3,564 2.63%

Countybank's top markets include Greenville, Knoxville, Greenwood, Spartanburg, and Nashville among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,046 $497,890,000 $243,348 $2,878 2.88%
VA 75 $21,905,000 $292,067 $4,934 2.53%
FHA 71 $15,455,000 $217,676 $6,848 2.80%
USDA 17 $2,985,000 $175,588 $5,108 2.85%

For the 2021 period, Countybank's most frequently originated loan type of loans were Conventional, with 2,046 originations. Their 2nd most popular type is VA, with 75 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 848 $192,570,000 $227,087 $2,433 2.75%
Home Purchase 815 $218,725,000 $268,374 $4,034 2.90%
Cash Out Refi 527 $122,985,000 $233,368 $2,824 2.96%
Other 11 $2,605,000 $236,818 $2,438 3.88%
Home Improvement 8 $1,350,000 $168,750 $2,345 3.93%

For the 2021, Countybank's most frequently cited loan purpose of loans were Refi, with 848 originations. The 2nd most popular reason of loans were Home Purchase, with 815 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,612 $404,460,000 $250,906 $3,249 2.92%
15 Year 348 $71,030,000 $204,109 $2,536 2.53%
20 Year 143 $35,425,000 $247,727 $2,659 2.85%
Other 61 $15,855,000 $259,918 $3,077 3.20%
10 Year 27 $5,305,000 $196,481 $2,675 2.83%
30+ year 9 $3,735,000 $415,000 $7,489 3.83%
1 Year 6 $1,330,000 $221,667 $4,461 4.10%
5 Year 2 $990,000 $495,000 $0 3.88%
3 Year 1 $105,000 $105,000 $0 3.99%

For the 2021, Countybank's most frequently cited loan length of loans were 30 Year, with 1,612 originations. The 2nd most popular length of loans were 15 Year, with 348 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,918 $467,780,000 $243,889
$1k-2k 131 $30,315,000 $231,412
$2k-3k 38 $10,210,000 $268,684
$3k-4k 19 $7,795,000 $410,263
$5k+ 10 $5,740,000 $574,000

$3,249 of loans were Countybank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,918 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,284 $317,040,000 $246,916
3-4% 461 $104,695,000 $227,104
<2.5% 434 $111,770,000 $257,535
4-5% 27 $4,585,000 $169,815
5-6% 2 $120,000 $60,000
6-7% 1 $25,000 $25,000

During 2021, Countybank's average interest rate of loans were 2.92%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,284 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,026 $286,730,000 $279,464 $3,324 2.83%
$100k-200k 789 $121,455,000 $153,935 $2,650 2.89%
$400k-600k 225 $107,755,000 $478,911 $3,807 2.79%
$100,000 or less 158 $12,090,000 $76,519 $2,488 3.10%
$600k-1MM 7 $5,005,000 $715,000 $5,879 3.14%
$1MM+ 4 $5,200,000 $1,300,000 $8,183 3.22%

2021 saw Countybank place emphasis on $200k-400k loans with 1,026 originations, totaling $286,730,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 509 $143,955,000 $282,819 $3,131 2.84%
$50k-75k 504 $97,500,000 $193,452 $3,047 2.86%
$75k-100k 406 $94,960,000 $233,892 $3,146 2.86%
$50k or less 367 $54,075,000 $147,343 $2,936 2.92%
$150k-250k 284 $95,410,000 $335,951 $3,229 2.87%
$250k+ 99 $40,335,000 $407,424 $3,693 2.88%

Countybank lent most frequently to those with incomes in the $100k-150k range, with 509 originations. The second most popular income band? $50k-75k, with 504 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 661 $160,235,000 $242,413 $2,928 2.85%
30-36% 418 $105,440,000 $252,249 $3,214 2.90%
<20% 358 $78,100,000 $218,156 $2,667 2.81%
39% 79 $19,255,000 $243,734 $3,345 2.91%
38% 76 $20,220,000 $266,053 $3,130 2.87%
40% 73 $18,095,000 $247,877 $3,465 2.88%
37% 58 $13,720,000 $236,552 $3,151 2.90%
42% 57 $13,115,000 $230,088 $2,968 2.91%
36% 56 $13,940,000 $248,929 $3,112 2.92%
44% 55 $13,905,000 $252,818 $3,397 2.88%
41% 49 $12,905,000 $263,367 $3,122 2.87%
43% 43 $10,515,000 $244,535 $3,631 2.87%
45% 41 $9,305,000 $226,951 $3,197 2.94%
48% 38 $9,230,000 $242,895 $2,814 2.79%
49% 38 $10,820,000 $284,737 $4,349 2.84%
47% 33 $7,985,000 $241,970 $3,991 2.97%
46% 28 $6,800,000 $242,857 $3,218 2.87%
50-60% 17 $5,775,000 $339,706 $8,800 2.96%
>60% 3 $395,000 $131,667 $2,851 3.44%

Countybank lent most frequently to those with DTI ratios of 20-30%, with 661 originations. The next most common DTI ratio? 30-36%, with 418 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,920 $465,170,000 $242,276 $3,068 2.86%
Not provided 192 $47,660,000 $248,229 $3,336 2.92%
Asian 38 $11,680,000 $307,368 $3,130 2.75%
Black 45 $9,045,000 $201,000 $3,576 2.84%
Not applicable 4 $2,040,000 $510,000 $0 3.93%
American Indian 7 $1,945,000 $277,857 $3,133 2.98%
Native Hawaiian 1 $325,000 $325,000 $3,186 3.25%
Filipino 1 $185,000 $185,000 $3,007 2.99%
Asian Indian 1 $185,000 $185,000 $2,175 2.50%

Approval Rates

Total approvals of all applications
95.85%

Countybank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
78.31%

Countybank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 2,209 $538,235,000 $243,656

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,209 $538,235,000 $243,656

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 104 $16,550,000 $159,135 $2,520 2.87%
40-60% 436 $93,580,000 $214,633 $2,564 2.75%
60-80% 987 $251,065,000 $254,372 $2,773 2.91%
80-100% 651 $170,525,000 $261,943 $3,867 2.87%
Over 100% 16 $4,760,000 $297,500 $9,844 2.59%
Under 20% 15 $1,755,000 $117,000 $2,385 3.38%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Countybank 1230 Reynolds Avenue Greenwood, SC 29646 Full Service B&M $62,588
Countybank 201 West Mcbee Avenue Greenville, SC 29601 Full Service B&M $74,520
Countybank 2125 N Highway 81 Anderson, SC 29621 Full Service B&M $16,605
Countybank 300 Trade Street Greer, SC 29650 Full Service B&M $44,120
Countybank 3431 Pelham Road Greenville, SC 29601 Full Service B&M $15,165
Countybank 419 Main Street Greenwood, SC 29646 Limited, Trust Office $0
Countybank 419 Main Street Greenwood, SC 29646 Full Service B&M $235,028
Countybank 425 Main Street Greenwood, SC 29646 Limited, Administrative $0
Countybank 583 Highway 72 By-Pass Nw Greenwood, SC 29646 Full Service B&M $106,485

For 2021, Countybank had 9 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $17,801
Net interest income $17,364
Total noninterest income $24,563
Gross Fiduciary activities income $1,651
Service charges on deposit accounts $771
Trading account gains and fees $0
Additional Noninterest Income $22,141
Pre-tax net operating income $8,591
Securities gains (or losses, -) $3
Income before extraordinary items $8,248
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $8,248
Minority interest net income $0
Net income $8,248
Sale, conversion, retirement of capital stock, net $0
Net operating income $8,245

Countybank's gross interest income from loans was $17,801,000.
Countybank's net interest income from loans was $17,364,000.
Countybank's fee based income from loans was $771,000.
Countybank's net income from loans was $8,248,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $437
Provision for credit losses $0
Total noninterest expense $33,336
Salaries and employee benefits $21,730
Premises and equipment expense $2,894
Additional noninterest expense $8,712
Applicable income taxes $346
Net charge-offs $-263
Cash dividends $1,200

Countybank's interest expense for loans was $437,000.
Countybank's payroll and benefits expense were $21,730,000.
Countybank's property, plant and equipment expenses $2,894,000.

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 $579,877
Deposits held in domestic offices $579,877
Deposits by Individuals, partnerships, and corporations $555,772
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $24,106
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 $66,821
Demand deposits $24,393
Nontransaction accounts $513,057
Money market deposit accounts (MMDAs) $75,148
Other savings deposits (excluding MMDAs) $426,236
Total time deposits $11,672
Total time and savings deposits $555,485
Noninterest-bearing deposits $171,097
Interest-bearing deposits $408,780
Retail deposits $579,060
IRAs and Keogh plan accounts $0
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $671,887
Cash & Balances due from depository institutions $108,206
Interest-bearing balances $100,361
Total securities $218,478
Federal funds sold & reverse repurchase $0
Net loans and leases $317,838
Loan and leases loss allowance $3,408
Trading account assets $0
Bank premises and fixed assets $12,506
Other real estate owned $185
Goodwill and other intangibles $2,206
All other assets $12,468

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $671,887
Total Liabilities $618,516
Total deposits $579,877
Interest-bearing deposits $408,780
Deposits held in domestic offices $579,877
% insured (estimated) $73
Federal funds purchased and repurchase agreements $31,277
Trading liabilities $0
Other borrowed funds $713
Subordinated debt $0
All other liabilities $6,649

Issued Loan Types

Type Value (in 000's)
Net loans and leases $317,838
Loan and leases loss allowance $3,408
Total loans and leases (domestic) $321,246
All real estate loans $290,074
Real estate loans in domestic offices $290,074
Construction and development loans $35,798
Residential 1-4 family construction $18,054
Other construction, all land development and other land $17,744
Loans secured by nonfarm nonresidential properties $121,943
Nonfarm nonresidential secured by owner-occupied properties $94,786
Commercial real estate & other non-farm, non-residential $27,157
Multifamily residential real estate $2,485
1-4 family residential loans $127,082
Farmland loans $2,766
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $27,265
To non-U.S. addressees $0
Loans to individuals $3,907
Credit card loans $0
Related Plans $174
Consumer Auto Loans $2,296
Other loans to individuals $1,437
All other loans & leases $0
Loans to foreign governments and official institutions $0
Other loans $0
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 $276
Non 1-4 family restructured loans & leases $206
Total loans and leases (foreign) $0

Countybank had $317,838,000 of loans outstanding in 2021. $290,074,000 of loans were in real estate loans. $35,798,000 of loans were in development loans. $2,485,000 of loans were in multifamily mortgage loans. $127,082,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,296,000 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 234 $58,336 $249,299
Nonfarm, nonresidential loans - <$100k 15 $812 $54,133
Nonfarm, nonresidential loans - $100-250k 50 $6,496 $129,920
Nonfarm, nonresidential loans - $250k-1MM 169 $51,028 $301,941
Commercial & Industrial, US addressed loans - <$1MM 213 $19,556 $91,812
Commercial & Industrial, US addressed loans - <$100k 146 $4,081 $27,952
Commercial & Industrial, US addressed loans - $100-250k 30 $3,606 $120,200
Commercial & Industrial, US addressed loans - $250k-1MM 37 $11,869 $320,784
Farmland loans - <$1MM 5 $897 $179,400
Farmland loans - <$100k 1 $69 $69,000
Farmland loans - $100-250k 1 $134 $134,000
Farmland loans - $250k-1MM 3 $694 $231,333