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

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.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	7.20%	12/3/24
30 Year Conventional Refi	7.46%	12/3/24
30 Year Cash-out Refi	6.54%	12/3/24
15 Year Conventional Purchase	7.22%	12/3/24
15 Year Conventional Refi	7.74%	12/3/24
15 Year Cash-out Refi	7.74%	12/3/24
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

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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

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

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RAPID MORTGAGE COMPANY
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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