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

Jump to:

Mortgage Data

Bank Data

Review & Overview

The Ohio Valley Bank Company is a smaller bank specializing in Home Purchase and Refi 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 Cincinnati among others. We have data for 14 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 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.

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

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.20% 3/28/24
30 Year Conventional Refi 7.46% 3/28/24
30 Year Cash-out Refi 6.54% 3/28/24
15 Year Conventional Purchase 7.22% 3/28/24
15 Year Conventional Refi 7.74% 3/28/24
15 Year Cash-out Refi 7.74% 3/28/24
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

348

Origination Dollar Volume (All Markets)

$59,510,000

Employee count

255

Awards

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 The Ohio Valley Bank Company 30 Year Conventional Loans gold
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) 132 $18,960,000 $143,636 $2,267 4.48%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 58 $11,980,000 $206,552 $2,246 4.13%
Outside of Metro Areas 76 $10,860,000 $142,895 $2,307 4.61%
Jackson, OH (FHA|USDA|VA) 33 $5,005,000 $151,667 $1,971 4.70%
Athens, OH (FHA|USDA|VA) 8 $2,610,000 $326,250 $1,824 4.74%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $2,555,000 $2,555,000 $14,146 3.63%
CHARLESTON, WV (FHA|USDA|VA) 10 $1,620,000 $162,000 $2,013 4.64%
Chillicothe, OH (FHA|USDA|VA) 10 $1,480,000 $148,000 $2,649 4.56%
Portsmouth, OH (FHA|USDA|VA) 12 $1,270,000 $105,833 $2,050 5.36%
PITTSBURGH, PA (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $9,436 3.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $745,000 $745,000 $1,987 4.25%
Marietta, OH (FHA|USDA|VA) 2 $540,000 $270,000 $4,215 3.38%
COLUMBUS, OH (FHA|USDA|VA) 3 $425,000 $141,667 $2,118 5.08%
Washington Court House, OH (FHA|USDA|VA) 1 $355,000 $355,000 $0 6.50%
The Ohio Valley Bank Company's top markets include Point Pleasant, Huntington, Jackson, Athens, and Cincinnati among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • North Carolina (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.

    Huntington Federal Savings Bank
    Similarity Rank: 12
    THE VINTON COUNTY NATIONAL BANK
    Similarity Rank: 56
    Liberty Bank
    Similarity Rank: 64
    The Ohio Valley Bank Company
    Similarity Rank: 266
    DESCO
    Similarity Rank: 308
    Community Trust Bank, Inc.
    Similarity Rank: 588
    The First State Bank
    Similarity Rank: 893
    MYCUMORTGAGE, LLC
    Similarity Rank: 1078
    RAPID MORTGAGE COMPANY
    Similarity Rank: 1204

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 348 $59,510,000 $171,006 $2,303 4.52%

    For 2019, The Ohio Valley Bank Company's most frequently originated type of loan was Conventional, with 348 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 187 $34,475,000 $184,358 $2,441 4.65%
    Refi 119 $20,665,000 $173,655 $1,948 4.32%
    Cash Out Refi 19 $2,625,000 $138,158 $3,691 3.58%
    Other 13 $1,185,000 $91,154 $2,021 5.21%
    Home Improvement 10 $560,000 $56,000 $1,681 5.24%

    For 2019, The Ohio Valley Bank Company's most frequently cited loan purpose was Home Purchase, with 187 originations. The 2nd most popular reason was Refi, with 119 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 159 $32,415,000 $203,868 $2,478 4.40%
    15 Year 86 $8,930,000 $103,837 $2,095 4.51%
    Other 55 $8,525,000 $155,000 $1,869 4.46%
    20 Year 35 $8,105,000 $231,571 $2,961 4.94%
    10 Year 11 $775,000 $70,455 $2,219 4.96%
    3 Year 1 $355,000 $355,000 $0 6.25%
    1 Year 1 $405,000 $405,000 $0 5.00%

    For 2019, The Ohio Valley Bank Company's most frequently cited loan duration was 30 Year, with 159 originations. The 2nd most popular length was 15 Year, with 86 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 239 $36,125,000 $151,151
    $1k-2k 44 $7,040,000 $160,000
    $2k-3k 27 $6,695,000 $247,963
    $3k-4k 3 $535,000 $178,333
    $4k-5k 3 $765,000 $255,000

    The Ohio Valley Bank Company's average total fees were $2,478, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 239 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 127 $25,615,000 $201,693
    4-5% 107 $18,175,000 $169,860
    5-6% 76 $11,500,000 $151,316
    6-7% 20 $2,420,000 $121,000
    2.5-3% 10 $1,360,000 $136,000
    7-8% 7 $415,000 $59,286
    Over 8% 1 $25,000 $25,000

    During 2019, The Ohio Valley Bank Company's average interest rate for loans was 4.40%, while their most frequently originated rate bucket for loans was 3-4%, with 127 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 136 $19,290,000 $141,838 $2,418 4.32%
    $100,000 or less 130 $8,220,000 $63,231 $1,832 4.85%
    $200k-400k 58 $16,150,000 $278,448 $2,809 4.32%
    $400k-600k 15 $6,535,000 $435,667 $2,409 4.22%
    $600k-1MM 7 $5,655,000 $807,857 $2,506 4.56%
    $1MM+ 2 $3,660,000 $1,830,000 $11,791 3.56%

    2019 saw The Ohio Valley Bank Company place emphasis on $100k-200k loans with 136 originations, totaling $19,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 72 $6,010,000 $83,472 $1,936 4.70%
    $100k-150k 69 $12,755,000 $184,855 $2,350 4.31%
    $75k-100k 63 $6,995,000 $111,032 $2,251 4.44%
    $50k-75k 61 $8,325,000 $136,475 $2,374 4.42%
    $150k-250k 33 $7,615,000 $230,758 $2,787 4.26%
    $250k+ 21 $10,305,000 $490,714 $2,817 3.98%

    The Ohio Valley Bank Company lent most frequently to those with incomes in the $50k or less range, with 72 originations. The second most popular income band? $100k-150k, with 69 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 113 $16,185,000 $143,230 $2,297 4.35%
    <20% 66 $10,150,000 $153,788 $2,147 4.26%
    30-36% 66 $11,320,000 $171,515 $2,226 4.32%
    37% 13 $1,785,000 $137,308 $2,262 4.41%
    38% 11 $4,015,000 $365,000 $3,278 4.89%
    40% 10 $1,260,000 $126,000 $2,609 4.75%
    36% 10 $1,600,000 $160,000 $2,723 4.68%
    39% 9 $1,605,000 $178,333 $2,497 4.32%
    41% 6 $880,000 $146,667 $2,924 4.27%
    42% 3 $425,000 $141,667 $1,603 4.38%
    50-60% 2 $180,000 $90,000 $1,717 5.56%
    >60% 2 $320,000 $160,000 $1,861 5.63%
    45% 2 $170,000 $85,000 $1,444 5.50%
    47% 2 $290,000 $145,000 $1,841 4.44%
    43% 1 $975,000 $975,000 $2,308 4.13%

    The Ohio Valley Bank Company lent most frequently to those with DTI ratios of 20-30%, with 113 originations. The next most common DTI ratio? <20%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 321 $52,125,000 $162,383 $2,301 4.44%
    Not applicable 20 $6,160,000 $308,000 $0 5.74%
    Asian 1 $485,000 $485,000 $1,304 3.25%
    Black 2 $280,000 $140,000 $1,879 3.63%
    Not provided 2 $250,000 $125,000 $2,712 5.44%
    American Indian 2 $210,000 $105,000 $3,434 5.44%

    Approval Rates

    Total approvals of all applications
    88.06%

    The Ohio Valley Bank Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.47%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 348 $59,510,000 $171,006

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,475,000 $491,667
    Single Family (1-4 Units):Manufactured 24 $1,660,000 $69,167
    Single Family (1-4 Units):Site-Built 321 $56,375,000 $175,623

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $3,020,000 $100,667 $1,861 4.72%
    40-60% 48 $6,540,000 $136,250 $2,228 4.11%
    60-80% 140 $26,230,000 $187,357 $2,593 4.49%
    80-100% 122 $22,780,000 $186,721 $2,173 4.61%
    Over 100% 3 $775,000 $258,333 $2,123 4.54%
    Under 20% 5 $165,000 $33,000 $1,687 5.45%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Ohio Valley Bank Company 738 East Main Street Jackson, OH 45640 Full Service B&M $71,995
    The Ohio Valley Bank Company 116 Jackson Street Oak Hill, OH 45656 Full Service B&M $8,744
    The Ohio Valley Bank Company 123 South Ohio Avenue Wellston, OH 45692 Full Service B&M $33,100
    The Ohio Valley Bank Company 100 Jackson Pike Gallipolis, OH 45631 Full Service Retail $13,360
    The Ohio Valley Bank Company 156 Mallard Lane Mason, WV 25260 Full Service Retail $15,565
    The Ohio Valley Bank Company 201 N College Ave Rio Grande, OH 45674 Full Service B&M $40,643
    The Ohio Valley Bank Company 2145 Eastern Avenue Gallipolis, OH 45631 Full Service Retail $24,464
    The Ohio Valley Bank Company 25 North Main Street New Holland, OH 43145 Full Service B&M $19,131
    The Ohio Valley Bank Company 280 East Main Street Milton, WV 25541 Full Service B&M $33,821
    The Ohio Valley Bank Company 299 Yankeetown Road Mount Sterling, OH 43143 Full Service B&M $7,122
    The Ohio Valley Bank Company 3035 St Rt 160 Gallipolis, OH 45631 Full Service B&M $80,489
    The Ohio Valley Bank Company 328 Viand Street Point Pleasant, WV 25550 Full Service B&M $94,394
    The Ohio Valley Bank Company 420 Third Avenue Gallipolis, OH 45631 Full Service Cyber Office $934
    The Ohio Valley Bank Company 420 Third Avenue Gallipolis, OH 45631 Full Service B&M $330,202
    The Ohio Valley Bank Company 507 West Emmitt Street Waverly, OH 45690 Full Service B&M $55,336
    The Ohio Valley Bank Company 6431 Us Route 60 East Barboursville, WV 25504 Full Service B&M $23,658

    For 2019, The Ohio Valley Bank Company had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $47,117
    Net interest income $40,337
    Total noninterest income $9,132
    Gross Fiduciary activities income $264
    Service charges on deposit accounts $1,962
    Trading account gains and fees $0
    Additional Noninterest Income $6,906
    Pre-tax net operating income $10,780
    Securities gains (or losses, -) $0
    Income before extraordinary items $8,970
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,970
    Minority interest net income $0
    Net income $8,970
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,970

    The Ohio Valley Bank Company's gross interest income from loans was $47,117,000.
    The Ohio Valley Bank Company's net interest income from loans was $40,337,000.
    The Ohio Valley Bank Company's fee based income from loans was $1,962,000.
    The Ohio Valley Bank Company's net income from loans was $8,970,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,780
    Provision for credit losses $875
    Total noninterest expense $37,814
    Salaries and employee benefits $21,718
    Premises and equipment expense $2,608
    Additional noninterest expense $13,488
    Applicable income taxes $1,810
    Net charge-offs $1,331
    Cash dividends $3,000

    The Ohio Valley Bank Company's interest expense for loans was $6,780,000.
    The Ohio Valley Bank Company's payroll and benefits expense were $21,718,000.
    The Ohio Valley Bank Company's property, plant and equipment expenses $2,608,000.

    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 0.0%
    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 $826,139
    Deposits held in domestic offices $826,139
    Deposits by Individuals, partnerships, and corporations $703,174
    Deposits by U.S. Government $322
    Deposits by States and political subdivisions in the U.S. $122,627
    Deposits by Commercial banks and other depository institutions in U.S. $15
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $333,599
    Demand deposits $226,901
    Nontransaction accounts $492,539
    Money market deposit accounts (MMDAs) $182,496
    Other savings deposits (excluding MMDAs) $100,287
    Total time deposits $209,758
    Total time and savings deposits $599,237
    Noninterest-bearing deposits $226,901
    Interest-bearing deposits $599,238
    Retail deposits $750,390
    IRAs and Keogh plan accounts $41,898
    Brokered deposits $41,325
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $998,211
    Cash & Balances due from depository institutions $51,847
    Interest-bearing balances $36,986
    Total securities $117,351
    Federal funds sold & reverse repurchase $0
    Net loans and leases $755,721
    Loan and leases loss allowance $5,944
    Trading account assets $0
    Bank premises and fixed assets $20,034
    Other real estate owned $522
    Goodwill and other intangibles $7,850
    All other assets $44,886

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $998,210
    Total Liabilities $875,417
    Total deposits $826,139
    Interest-bearing deposits $599,238
    Deposits held in domestic offices $826,139
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $30,371
    Subordinated debt $0
    All other liabilities $18,907

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $755,721
    Loan and leases loss allowance $5,944
    Total loans and leases (domestic) $761,665
    All real estate loans $551,352
    Real estate loans in domestic offices $551,352
    Construction and development loans $34,913
    Residential 1-4 family construction $11,299
    Other construction, all land development and other land $23,614
    Loans secured by nonfarm nonresidential properties $144,838
    Nonfarm nonresidential secured by owner-occupied properties $48,764
    Commercial real estate & other non-farm, non-residential $96,074
    Multifamily residential real estate $35,324
    1-4 family residential loans $329,216
    Farmland loans $7,061
    Loans held in foreign offices $0
    Farm loans $1,594
    Commercial and industrial loans $61,744
    To non-U.S. addressees $0
    Loans to individuals $109,791
    Credit card loans $6,550
    Related Plans $9,482
    Consumer Auto Loans $57,675
    Other loans to individuals $36,084
    All other loans & leases $37,183
    Loans to foreign governments and official institutions $0
    Other loans $882
    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 $8,743
    Non 1-4 family restructured loans & leases $8,359
    Total loans and leases (foreign) $0

    The Ohio Valley Bank Company had $755,721,000 of loans outstanding in 2019. $551,352,000 of loans were in real estate loans. $34,913,000 of loans were in development loans. $35,324,000 of loans were in multifamily mortgage loans. $329,216,000 of loans were in 1-4 family mortgage loans. $1,594,000 of loans were in farm loans. $6,550,000 of loans were in credit card loans. $57,675,000 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 283 $54,524 $192,664
    Nonfarm, nonresidential loans - <$100k 81 $3,039 $37,519
    Nonfarm, nonresidential loans - $100-250k 92 $10,937 $118,880
    Nonfarm, nonresidential loans - $250k-1MM 110 $40,548 $368,618
    Commercial & Industrial, US addressed loans - <$1MM 323 $22,631 $70,065
    Commercial & Industrial, US addressed loans - <$100k 215 $5,044 $23,460
    Commercial & Industrial, US addressed loans - $100-250k 67 $6,240 $93,134
    Commercial & Industrial, US addressed loans - $250k-1MM 41 $11,347 $276,756
    Farmland loans - <$1MM 26 $2,856 $109,846
    Farmland loans - <$100k 11 $288 $26,182
    Farmland loans - $100-250k 11 $1,631 $148,273
    Farmland loans - $250k-1MM 4 $937 $234,250
    Agriculture operations loans - <$1MM 12 $596 $49,667
    Agriculture operations loans - <$100k 9 $135 $15,000
    Agriculture operations loans - $100-250k 2 $163 $81,500
    Agriculture operations loans - $250k-1MM 1 $298 $298,000