The Ohio Valley Bank Company Mortgage Rates, Fees & Info

Gallipolis, OH

LEI: 549300JQGT4VX22XJ495

Tax ID: 31-4271820

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    The Ohio Valley Bank Company is a smaller bank specializing in Home Purchase loans. The Ohio Valley Bank Company has a high proportion of conventional loans. Their top markets by origination volume include: Point Pleasant, Huntington, Jackson, Athens, and Columbus among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Ohio Valley Bank Company has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Ohio Valley Bank Company 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 relatively high 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.20% 11/21/24
    30 Year Conventional Refi 7.46% 11/21/24
    30 Year Cash-out Refi 6.54% 11/21/24
    15 Year Conventional Purchase 7.22% 11/21/24
    15 Year Conventional Refi 7.74% 11/21/24
    15 Year Cash-out Refi 7.74% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    The Ohio Valley Bank Company Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Ohio Valley Bank Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    292

    Origination Dollar Volume (All Markets)

    $39,100,000

    Employee count

    269

    Awards

    The Ohio Valley Bank Company 30 Year Conventional Loans silver The Ohio Valley Bank Company 30 Year Conventional Loans gold The Ohio Valley Bank Company 30 Year Conventional Loans silver The Ohio Valley Bank Company 30 Year Conventional Loans silver
    Show all (4) 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
    Point Pleasant, WV-OH (FHA|USDA|VA) 113 $13,435,000 $118,894 $2,344 5.33%
    Outside of Metro Areas 75 $8,945,000 $119,267 $2,177 5.71%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 28 $4,710,000 $168,214 $2,185 5.43%
    Jackson, OH (FHA|USDA|VA) 42 $4,620,000 $110,000 $1,997 5.74%
    Athens, OH (FHA|USDA|VA) 6 $2,820,000 $470,000 $1,714 6.88%
    COLUMBUS, OH (FHA|USDA|VA) 6 $2,010,000 $335,000 $2,880 4.72%
    Chillicothe, OH (FHA|USDA|VA) 10 $980,000 $98,000 $1,783 6.13%
    CHARLESTON, WV (FHA|USDA|VA) 5 $785,000 $157,000 $2,341 6.18%
    Portsmouth, OH (FHA|USDA|VA) 2 $270,000 $135,000 $2,632 5.94%
    Washington Court House, OH (FHA|USDA|VA) 3 $235,000 $78,333 $1,145 7.54%
    Mount Gay-Shamrock, WV (FHA|USDA|VA) 1 $185,000 $185,000 $1,877 5.38%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,317 6.38%
    The Ohio Valley Bank Company's top markets include Point Pleasant, Huntington, Jackson, Athens, and Columbus among others.

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

    • Similar Lenders

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

    Town Square Bank
    Similarity Rank: 30
    THE VINTON COUNTY NATIONAL BANK
    Similarity Rank: 55
    The Poca Valley Bank, Inc.
    Similarity Rank: 133
    City National Bank of West Virginia
    Similarity Rank: 228
    DESCO
    Similarity Rank: 324
    The Ohio Valley Bank Company
    Similarity Rank: 528
    Community Trust Bank, Inc.
    Similarity Rank: 752
    Paramount Residential Mortgage Group, Inc.
    Similarity Rank: 772
    The First State Bank
    Similarity Rank: 851
    United Bank
    Similarity Rank: 1156

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 292 $39,100,000 $133,904 $2,210 5.58%

    For 2018, The Ohio Valley Bank Company's most frequently originated type of loan was Conventional, with 292 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 183 $23,975,000 $131,011 $2,180 5.60%
    Cash Out Refi 58 $5,790,000 $99,828 $2,181 5.78%
    Refi 35 $6,255,000 $178,714 $2,588 4.96%
    Home Improvement 8 $2,400,000 $300,000 $1,561 5.89%
    Other 8 $680,000 $85,000 $2,031 6.28%

    For 2018, The Ohio Valley Bank Company's most frequently cited loan purpose was Home Purchase, with 183 originations. The 2nd most popular reason was Cash Out Refi, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 149 $22,705,000 $152,383 $2,232 5.42%
    15 Year 51 $4,455,000 $87,353 $2,070 5.74%
    20 Year 44 $5,090,000 $115,682 $2,735 5.34%
    Other 31 $5,595,000 $180,484 $1,817 6.14%
    10 Year 14 $890,000 $63,571 $1,921 5.88%
    5 Year 2 $230,000 $115,000 $1,277 8.50%
    1 Year 1 $135,000 $135,000 $0 5.50%

    For 2018, The Ohio Valley Bank Company's most frequently cited loan duration was 30 Year, with 149 originations. The 2nd most popular length was 15 Year, with 51 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 174 $21,160,000 $121,609
    $1k-2k 61 $7,015,000 $115,000
    $2k-3k 24 $4,770,000 $198,750
    $3k-4k 2 $340,000 $170,000

    The Ohio Valley Bank Company's average total fees were $2,232, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 174 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 113 $17,985,000 $159,159
    4-5% 81 $10,355,000 $127,840
    6-7% 64 $5,700,000 $89,063
    7-8% 16 $1,170,000 $73,125
    3-4% 11 $1,725,000 $156,818
    Over 8% 5 $135,000 $27,000

    During 2018, The Ohio Valley Bank Company's average interest rate for loans was 5.42%, while their most frequently originated rate bucket for loans was 5-6%, with 113 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 133 $8,165,000 $61,391 $1,923 5.88%
    $100k-200k 115 $15,835,000 $137,696 $2,416 5.38%
    $200k-400k 38 $10,100,000 $265,789 $2,502 5.21%
    $400k-600k 4 $1,770,000 $442,500 $2,232 5.56%
    $1MM+ 2 $3,230,000 $1,615,000 $3,582 5.25%

    2018 saw The Ohio Valley Bank Company place emphasis on $100,000 or less loans with 133 originations, totaling $8,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 74 $7,580,000 $102,432 $1,994 5.62%
    $50k or less 58 $4,680,000 $80,690 $2,201 5.73%
    $100k-150k 55 $7,485,000 $136,091 $2,418 5.44%
    $75k-100k 52 $6,680,000 $128,462 $2,351 5.61%
    $150k-250k 23 $4,355,000 $189,348 $2,459 5.28%
    $250k+ 6 $2,550,000 $425,000 $2,336 5.10%

    The Ohio Valley Bank Company lent most frequently to those with incomes in the $50k-75k range, with 74 originations. The second most popular income band? $50k or less, with 58 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 86 $8,680,000 $100,930 $2,157 5.73%
    30-36% 74 $9,850,000 $133,108 $2,076 5.61%
    <20% 48 $5,530,000 $115,208 $2,375 5.22%
    37% 16 $2,490,000 $155,625 $1,870 5.70%
    36% 10 $1,350,000 $135,000 $2,696 4.75%
    40% 8 $770,000 $96,250 $2,850 5.27%
    38% 5 $405,000 $81,000 $2,285 5.68%
    39% 5 $555,000 $111,000 $1,858 5.68%
    41% 5 $1,195,000 $239,000 $2,747 5.35%
    43% 3 $405,000 $135,000 $2,415 6.00%
    42% 3 $425,000 $141,667 $2,710 5.46%
    50-60% 3 $885,000 $295,000 $2,364 5.58%
    >60% 2 $170,000 $85,000 $1,602 5.75%
    46% 1 $185,000 $185,000 $1,727 6.13%
    44% 1 $115,000 $115,000 $1,487 6.38%

    The Ohio Valley Bank Company lent most frequently to those with DTI ratios of 20-30%, with 86 originations. The next most common DTI ratio? 30-36%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 274 $34,320,000 $125,255 $2,209 5.56%
    Not applicable 15 $4,305,000 $287,000 $0 5.89%
    Asian 2 $330,000 $165,000 $1,797 6.31%
    Black 1 $145,000 $145,000 $3,127 7.00%

    Approval Rates

    Total approvals of all applications
    80.65%

    The Ohio Valley Bank Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.58%

    The Ohio Valley Bank Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 292 $39,100,000 $133,904

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $3,210,000 $802,500
    Single Family (1-4 Units):Manufactured 19 $1,175,000 $61,842
    Single Family (1-4 Units):Site-Built 269 $34,715,000 $129,052

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $1,395,000 $66,429 $1,798 6.28%
    40-60% 32 $5,720,000 $178,750 $2,184 5.41%
    60-80% 115 $14,035,000 $122,043 $2,524 5.41%
    80-100% 115 $17,425,000 $151,522 $2,025 5.62%
    Over 100% 2 $120,000 $60,000 $1,603 6.50%
    Under 20% 7 $405,000 $57,857 $1,952 6.23%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Ohio Valley Bank Company 100 Jackson Pike Gallipolis, OH 45631 Full Service Retail $15,642
    The Ohio Valley Bank Company 116 Jackson Street Oak Hill, OH 45656 Full Service B&M $9,568
    The Ohio Valley Bank Company 123 South Ohio Avenue Wellston, OH 45692 Full Service B&M $34,448
    The Ohio Valley Bank Company 201 N College Ave Rio Grande, OH 45674 Full Service B&M $38,234
    The Ohio Valley Bank Company 2145 Eastern Avenue Gallipolis, OH 45631 Full Service Retail $25,079
    The Ohio Valley Bank Company 25 North Main Street New Holland, OH 43145 Full Service B&M $20,237
    The Ohio Valley Bank Company 280 East Main Street Milton, WV 25541 Full Service B&M $34,022
    The Ohio Valley Bank Company 299 Yankeetown Road Mount Sterling, OH 43143 Full Service B&M $7,500
    The Ohio Valley Bank Company 3035 St Rt 160 Gallipolis, OH 45631 Full Service B&M $76,155
    The Ohio Valley Bank Company 328 Viand Street Point Pleasant, WV 25550 Full Service B&M $93,061
    The Ohio Valley Bank Company 400 East Main Street Jackson, OH 45640 Full Service B&M $29,351
    The Ohio Valley Bank Company 420 Third Avenue Gallipolis, OH 45631 Full Service Cyber Office $835
    The Ohio Valley Bank Company 420 Third Avenue Gallipolis, OH 45631 Full Service B&M $337,702
    The Ohio Valley Bank Company 507 West Emmitt Street Waverly, OH 45690 Full Service B&M $51,779
    The Ohio Valley Bank Company 6431 Us Route 60 East Barboursville, WV 25504 Full Service B&M $16,853
    The Ohio Valley Bank Company 700 West Main Street Pomeroy, OH 45769 Full Service Retail $13,824
    The Ohio Valley Bank Company 738 East Main Street Jackson, OH 45640 Full Service B&M $46,789

    For 2018, The Ohio Valley Bank Company had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $45,841
    Net interest income $40,881
    Total noninterest income $8,342
    Gross Fiduciary activities income $264
    Service charges on deposit accounts $1,915
    Trading account gains and fees $0
    Additional Noninterest Income $6,163
    Pre-tax net operating income $12,729
    Securities gains (or losses, -) $0
    Income before extraordinary items $10,583
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,583
    Minority interest net income $0
    Net income $10,583
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,583

    The Ohio Valley Bank Company's gross interest income from loans was $45,841,000.
    The Ohio Valley Bank Company's net interest income from loans was $40,881,000.
    The Ohio Valley Bank Company's fee based income from loans was $1,915,000.
    The Ohio Valley Bank Company's net income from loans was $10,583,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,960
    Provision for credit losses $850
    Total noninterest expense $35,644
    Salaries and employee benefits $20,294
    Premises and equipment expense $2,558
    Additional noninterest expense $12,792
    Applicable income taxes $2,146
    Net charge-offs $1,620
    Cash dividends $3,000

    The Ohio Valley Bank Company's interest expense for loans was $4,960,000.
    The Ohio Valley Bank Company's payroll and benefits expense were $20,294,000.
    The Ohio Valley Bank Company's property, plant and equipment expenses $2,558,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 1.0%
    All other family 2.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 2.0%
    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 $851,512
    Deposits held in domestic offices $851,512
    Deposits by Individuals, partnerships, and corporations $732,085
    Deposits by U.S. Government $320
    Deposits by States and political subdivisions in the U.S. $118,859
    Deposits by Commercial banks and other depository institutions in U.S. $247
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $342,051
    Demand deposits $241,845
    Nontransaction accounts $509,460
    Money market deposit accounts (MMDAs) $177,037
    Other savings deposits (excluding MMDAs) $116,574
    Total time deposits $215,849
    Total time and savings deposits $609,666
    Noninterest-bearing deposits $241,845
    Interest-bearing deposits $609,667
    Retail deposits $768,415
    IRAs and Keogh plan accounts $43,249
    Brokered deposits $45,984
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,014,990
    Cash & Balances due from depository institutions $70,469
    Interest-bearing balances $54,008
    Total securities $117,979
    Federal funds sold & reverse repurchase $0
    Net loans and leases $758,917
    Loan and leases loss allowance $6,400
    Trading account assets $0
    Bank premises and fixed assets $14,434
    Other real estate owned $363
    Goodwill and other intangibles $8,118
    All other assets $44,710

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,014,990
    Total Liabilities $900,829
    Total deposits $851,512
    Interest-bearing deposits $609,667
    Deposits held in domestic offices $851,512
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $33,434
    Subordinated debt $0
    All other liabilities $15,883

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $758,917
    Loan and leases loss allowance $6,400
    Total loans and leases (domestic) $765,317
    All real estate loans $539,137
    Real estate loans in domestic offices $539,137
    Construction and development loans $37,478
    Residential 1-4 family construction $9,956
    Other construction, all land development and other land $27,522
    Loans secured by nonfarm nonresidential properties $137,737
    Nonfarm nonresidential secured by owner-occupied properties $55,844
    Commercial real estate & other non-farm, non-residential $81,893
    Multifamily residential real estate $35,296
    1-4 family residential loans $322,776
    Farmland loans $5,850
    Loans held in foreign offices $0
    Farm loans $2,383
    Commercial and industrial loans $73,836
    To non-U.S. addressees $0
    Loans to individuals $112,770
    Credit card loans $6,482
    Related Plans $9,564
    Consumer Auto Loans $60,476
    Other loans to individuals $36,248
    All other loans & leases $37,191
    Loans to foreign governments and official institutions $0
    Other loans $704
    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 $8,342
    Non 1-4 family restructured loans & leases $7,895
    Total loans and leases (foreign) $0

    The Ohio Valley Bank Company had $758,917,000 of loans outstanding in 2018. $539,137,000 of loans were in real estate loans. $37,478,000 of loans were in development loans. $35,296,000 of loans were in multifamily mortgage loans. $322,776,000 of loans were in 1-4 family mortgage loans. $2,383,000 of loans were in farm loans. $6,482,000 of loans were in credit card loans. $60,476,000 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 286 $52,484 $183,510
    Nonfarm, nonresidential loans - <$100k 84 $3,265 $38,869
    Nonfarm, nonresidential loans - $100-250k 93 $10,990 $118,172
    Nonfarm, nonresidential loans - $250k-1MM 109 $38,229 $350,725
    Commercial & Industrial, US addressed loans - <$1MM 382 $26,429 $69,186
    Commercial & Industrial, US addressed loans - <$100k 254 $5,640 $22,205
    Commercial & Industrial, US addressed loans - $100-250k 80 $7,387 $92,338
    Commercial & Industrial, US addressed loans - $250k-1MM 48 $13,402 $279,208
    Farmland loans - <$1MM 25 $2,626 $105,040
    Farmland loans - <$100k 12 $329 $27,417
    Farmland loans - $100-250k 8 $1,108 $138,500
    Farmland loans - $250k-1MM 5 $1,189 $237,800
    Agriculture operations loans - <$1MM 12 $387 $32,250
    Agriculture operations loans - <$100k 10 $190 $19,000
    Agriculture operations loans - $100-250k 2 $197 $98,500