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 Refi and 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, Chillicothe, and Athens among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Ohio Valley Bank Company has an above 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%	11/17/24
30 Year Conventional Refi	7.46%	11/17/24
30 Year Cash-out Refi	6.54%	11/17/24
15 Year Conventional Purchase	7.22%	11/17/24
15 Year Conventional Refi	7.74%	11/17/24
15 Year Cash-out Refi	7.74%	11/17/24
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

686

Origination Dollar Volume (All Markets)

$122,310,000

Employee count

238

Awards

The Ohio Valley Bank Company 30 Year Conventional Loans gold

The Ohio Valley Bank Company 30 Year Conventional Loans silver

Show all (3) 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)	239	$34,295,000	$143,494	$2,626	3.23%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA\|USDA\|VA)	138	$32,670,000	$236,739	$3,051	3.19%
Outside of Metro Areas	182	$27,800,000	$152,747	$2,875	3.39%
Jackson, OH (FHA\|USDA\|VA)	46	$6,820,000	$148,261	$2,835	3.56%
Chillicothe, OH (FHA\|USDA\|VA)	18	$5,400,000	$300,000	$2,671	3.33%
Athens, OH (FHA\|USDA\|VA)	13	$3,555,000	$273,462	$3,142	3.30%
Portsmouth, OH (FHA\|USDA\|VA)	22	$3,200,000	$145,455	$2,376	3.52%
COLUMBUS, OH (FHA\|USDA\|VA)	5	$3,185,000	$637,000	$3,511	3.15%
CHARLESTON, WV (FHA\|USDA\|VA)	10	$1,560,000	$156,000	$3,303	2.83%
DAYTON-KETTERING, OH (FHA\|USDA\|VA)	3	$775,000	$258,333	$4,125	3.42%
PITTSBURGH, PA (FHA\|USDA\|VA)	1	$565,000	$565,000	$0	2.88%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	1	$515,000	$515,000	$3,571	2.50%
Mount Vernon, OH (FHA\|USDA\|VA)	1	$405,000	$405,000	$7,168	3.00%
Palatka, FL (FHA\|USDA\|VA)	1	$365,000	$365,000	$4,558	3.50%
MORRISTOWN, TN (FHA\|USDA\|VA)	1	$305,000	$305,000	$0	3.67%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	1	$255,000	$255,000	$3,109	3.00%
Mount Gay-Shamrock, WV (FHA\|USDA\|VA)	1	$235,000	$235,000	$2,717	3.38%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	1	$225,000	$225,000	$5,070	2.75%
Marietta, OH (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	4.25%
SPRINGFIELD, OH (FHA\|USDA\|VA)	1	$75,000	$75,000	$1,529	4.38%

The Ohio Valley Bank Company's top markets include Point Pleasant, Huntington, Jackson, Chillicothe, and Athens among others.

Their top states include:

Ohio (FHA|USDA|VA)

West Virginia (FHA|USDA|VA)

Pennsylvania (FHA|USDA|VA)

North Carolina (FHA|USDA|VA)

Florida (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.

THE VINTON COUNTY NATIONAL BANK
Similarity Rank: 60

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Similarity Rank: 68

Community Trust Bank, Inc.
Similarity Rank: 402

DESCO
Similarity Rank: 735

The Ohio Valley Bank Company
Similarity Rank: 780

ASHLAND Credit Union
Similarity Rank: 897

Summit Community Bank, Inc.
Similarity Rank: 946

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AMERICAN MORTGAGE SERVICE COMPANY
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	686	$122,310,000	$178,294	$2,823	3.30%

For 2020, The Ohio Valley Bank Company's most frequently originated type of loan was Conventional, with 686 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	318	$57,560,000	$181,006	$2,502	3.26%
Home Purchase	285	$50,855,000	$178,439	$2,777	3.44%
Cash Out Refi	70	$12,260,000	$175,143	$4,428	2.77%
Other	9	$895,000	$99,444	$2,004	3.90%
Home Improvement	4	$740,000	$185,000	$2,195	3.88%

For 2020, The Ohio Valley Bank Company's most frequently cited loan purpose was Refi, with 318 originations. The 2nd most popular reason was Home Purchase, with 285 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	276	$51,800,000	$187,681	$2,906	3.21%
15 Year	202	$27,410,000	$135,693	$2,689	3.20%
20 Year	116	$26,690,000	$230,086	$3,455	3.60%
Other	70	$12,010,000	$171,571	$2,396	3.36%
10 Year	20	$1,960,000	$98,000	$2,108	3.47%
5 Year	2	$2,440,000	$1,220,000	$824	3.25%

For 2020, The Ohio Valley Bank Company's most frequently cited loan duration was 30 Year, with 276 originations. The 2nd most popular length was 15 Year, with 202 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	363	$53,015,000	$146,047
$1k-2k	149	$22,685,000	$152,248
$2k-3k	76	$16,910,000	$222,500
$3k-4k	13	$2,785,000	$214,231
$4k-5k	12	$3,360,000	$280,000
$5k+	3	$805,000	$268,333

The Ohio Valley Bank Company's average total fees were $2,906, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 363 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
2.5-3%	234	$44,000,000	$188,034
3-4%	221	$42,215,000	$191,018
<2.5%	112	$17,390,000	$155,268
4-5%	94	$16,730,000	$177,979
5-6%	20	$1,510,000	$75,500
6-7%	5	$465,000	$93,000

During 2020, The Ohio Valley Bank Company's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 2.5-3%, with 234 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	303	$43,295,000	$142,888	$2,828	3.13%
$100,000 or less	196	$12,810,000	$65,357	$2,184	3.69%
$200k-400k	157	$42,545,000	$270,987	$3,492	3.07%
$400k-600k	19	$8,825,000	$464,474	$3,360	3.41%
$1MM+	7	$12,325,000	$1,760,714	$0	4.05%
$600k-1MM	4	$2,510,000	$627,500	$2,698	3.47%

2020 saw The Ohio Valley Bank Company place emphasis on $100k-200k loans with 303 originations, totaling $43,295,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	163	$28,835,000	$176,902	$2,961	3.07%
$75k-100k	135	$20,105,000	$148,926	$2,687	3.29%
$50k-75k	122	$14,540,000	$119,180	$2,710	3.24%
$50k or less	94	$8,260,000	$87,872	$2,593	3.49%
$150k-250k	76	$19,490,000	$256,447	$3,508	2.95%
$250k+	27	$9,165,000	$339,444	$2,784	3.23%

The Ohio Valley Bank Company lent most frequently to those with incomes in the $100k-150k range, with 163 originations. The second most popular income band? $75k-100k, with 135 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	236	$37,680,000	$159,661	$2,815	3.15%
<20%	141	$23,095,000	$163,794	$2,739	3.06%
30-36%	127	$21,535,000	$169,567	$2,864	3.16%
40%	20	$3,080,000	$154,000	$3,413	3.34%
39%	19	$3,155,000	$166,053	$2,751	3.28%
38%	18	$2,790,000	$155,000	$2,690	3.64%
37%	18	$3,020,000	$167,778	$2,609	3.25%
36%	13	$1,635,000	$125,769	$2,865	3.30%
41%	9	$1,385,000	$153,889	$3,575	2.90%
50-60%	8	$1,620,000	$202,500	$2,410	3.92%
42%	7	$805,000	$115,000	$2,756	3.18%
44%	3	$525,000	$175,000	$3,064	4.21%
43%	3	$545,000	$181,667	$2,878	3.29%
47%	2	$600,000	$300,000	$2,085	3.63%
>60%	2	$300,000	$150,000	$3,823	3.63%

The Ohio Valley Bank Company lent most frequently to those with DTI ratios of 20-30%, with 236 originations. The next most common DTI ratio? <20%, with 141 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	628	$102,100,000	$162,580	$2,822	3.20%
Not applicable	50	$19,040,000	$380,800	$0	4.42%
Not provided	4	$480,000	$120,000	$3,398	3.59%
Filipino	1	$375,000	$375,000	$3,063	2.50%
Asian	2	$300,000	$150,000	$2,608	2.75%
Black	1	$15,000	$15,000	$1,998	4.88%

Approval Rates

Total approvals of all applications
92.73%

The Ohio Valley Bank Company has an average approval rate.

Pick Rate

Approvals leading to origination
82.94%

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

Points and Fees

Points	Originations	Total Value	Average Loan
NA	686	$122,310,000	$178,294

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	15	$13,365,000	$891,000
Single Family (1-4 Units):Manufactured	31	$2,485,000	$80,161
Single Family (1-4 Units):Site-Built	640	$106,460,000	$166,344

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	36	$4,320,000	$120,000	$2,353	3.48%
40-60%	108	$17,770,000	$164,537	$2,373	3.17%
60-80%	320	$60,950,000	$190,469	$3,115	3.23%
80-100%	203	$36,725,000	$180,911	$2,771	3.35%
Over 100%	8	$2,070,000	$258,750	$2,144	3.55%
Under 20%	11	$475,000	$43,182	$1,751	4.64%

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	$12,270
The Ohio Valley Bank Company	116 Jackson Street Oak Hill, OH 45656	Full Service B&M	$9,432
The Ohio Valley Bank Company	123 South Ohio Avenue Wellston, OH 45692	Full Service B&M	$36,916
The Ohio Valley Bank Company	156 Mallard Lane Mason, WV 25260	Full Service Retail	$19,543
The Ohio Valley Bank Company	201 N College Ave Rio Grande, OH 45674	Full Service B&M	$44,363
The Ohio Valley Bank Company	2145 Eastern Avenue Gallipolis, OH 45631	Full Service Retail	$39,922
The Ohio Valley Bank Company	280 East Main Street Milton, WV 25541	Full Service B&M	$40,409
The Ohio Valley Bank Company	3035 St Rt 160 Gallipolis, OH 45631	Full Service B&M	$93,186
The Ohio Valley Bank Company	328 Viand Street Point Pleasant, WV 25550	Full Service B&M	$107,983
The Ohio Valley Bank Company	420 Third Avenue Gallipolis, OH 45631	Full Service Cyber Office	$2,177
The Ohio Valley Bank Company	420 Third Avenue Gallipolis, OH 45631	Full Service B&M	$336,906
The Ohio Valley Bank Company	507 West Emmitt Street Waverly, OH 45690	Full Service B&M	$66,540
The Ohio Valley Bank Company	6431 Us Route 60 East Barboursville, WV 25504	Full Service B&M	$29,374
The Ohio Valley Bank Company	738 East Main Street Jackson, OH 45640	Full Service B&M	$77,263

For 2020, The Ohio Valley Bank Company had 14 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$43,987
Net interest income	$38,077
Total noninterest income	$10,606
Gross Fiduciary activities income	$257
Service charges on deposit accounts	$1,527
Trading account gains and fees	$0
Additional Noninterest Income	$8,822
Pre-tax net operating income	$11,153
Securities gains (or losses, -)	$0
Income before extraordinary items	$9,155
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$9,155
Minority interest net income	$0
Net income	$9,155
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$9,155

The Ohio Valley Bank Company's gross interest income from loans was $43,987,000.
The Ohio Valley Bank Company's net interest income from loans was $38,077,000.
The Ohio Valley Bank Company's fee based income from loans was $1,527,000.
The Ohio Valley Bank Company's net income from loans was $9,155,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$5,910
Provision for credit losses	$2,945
Total noninterest expense	$34,585
Salaries and employee benefits	$19,861
Premises and equipment expense	$2,696
Additional noninterest expense	$12,028
Applicable income taxes	$1,998
Net charge-offs	$2,057
Cash dividends	$3,000

The Ohio Valley Bank Company's interest expense for loans was $5,910,000.
The Ohio Valley Bank Company's payroll and benefits expense were $19,861,000.
The Ohio Valley Bank Company's property, plant and equipment expenses $2,696,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	1.0%
Construction & Land Development loans	0.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	0.0%
1-4 family residential loans	1.0%
HELOC loans	1.0%
All other family	1.0%
Commercial & industrial loans	0.0%
Personal loans	0.0%
Credit card loans	0.9%
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	$998,141
Deposits held in domestic offices	$998,141
Deposits by Individuals, partnerships, and corporations	$852,453
Deposits by U.S. Government	$383
Deposits by States and political subdivisions in the U.S.	$144,824
Deposits by Commercial banks and other depository institutions in U.S.	$481
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$443,735
Demand deposits	$318,790
Nontransaction accounts	$554,406
Money market deposit accounts (MMDAs)	$227,620
Other savings deposits (excluding MMDAs)	$120,125
Total time deposits	$206,661
Total time and savings deposits	$679,351
Noninterest-bearing deposits	$318,790
Interest-bearing deposits	$679,351
Retail deposits	$938,423
IRAs and Keogh plan accounts	$40,613
Brokered deposits	$18,891
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,171,756
Cash & Balances due from depository institutions	$137,831
Interest-bearing balances	$121,207
Total securities	$122,343
Federal funds sold & reverse repurchase	$0
Net loans and leases	$831,098
Loan and leases loss allowance	$6,832
Trading account assets	$0
Bank premises and fixed assets	$21,550
Other real estate owned	$43
Goodwill and other intangibles	$7,889
All other assets	$51,002

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,171,756
Total Liabilities	$1,040,901
Total deposits	$998,141
Interest-bearing deposits	$679,351
Deposits held in domestic offices	$998,141
% insured (estimated)	$76
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$25,170
Subordinated debt	$0
All other liabilities	$17,590

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$831,098
Loan and leases loss allowance	$6,832
Total loans and leases (domestic)	$837,930
All real estate loans	$574,897
Real estate loans in domestic offices	$574,897
Construction and development loans	$37,064
Residential 1-4 family construction	$13,765
Other construction, all land development and other land	$23,299
Loans secured by nonfarm nonresidential properties	$152,999
Nonfarm nonresidential secured by owner-occupied properties	$46,363
Commercial real estate & other non-farm, non-residential	$106,636
Multifamily residential real estate	$57,887
1-4 family residential loans	$321,447
Farmland loans	$5,500
Loans held in foreign offices	$0
Farm loans	$1,456
Commercial and industrial loans	$106,563
To non-U.S. addressees	$0
Loans to individuals	$104,781
Credit card loans	$6,465
Related Plans	$8,601
Consumer Auto Loans	$48,956
Other loans to individuals	$40,759
All other loans & leases	$50,233
Loans to foreign governments and official institutions	$0
Other loans	$2,292
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	$7,470
Non 1-4 family restructured loans & leases	$7,108
Total loans and leases (foreign)	$0

The Ohio Valley Bank Company had $831,098,000 of loans outstanding in 2020. $574,897,000 of loans were in real estate loans. $37,064,000 of loans were in development loans. $57,887,000 of loans were in multifamily mortgage loans. $321,447,000 of loans were in 1-4 family mortgage loans. $1,456,000 of loans were in farm loans. $6,465,000 of loans were in credit card loans. $48,956,000 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	277	$55,322	$199,718
Nonfarm, nonresidential loans - <$100k	77	$2,814	$36,545
Nonfarm, nonresidential loans - $100-250k	85	$10,269	$120,812
Nonfarm, nonresidential loans - $250k-1MM	115	$42,239	$367,296
Commercial & Industrial, US addressed loans - <$1MM	502	$36,472	$72,653
Commercial & Industrial, US addressed loans - <$100k	353	$9,020	$25,552
Commercial & Industrial, US addressed loans - $100-250k	90	$8,598	$95,533
Commercial & Industrial, US addressed loans - $250k-1MM	59	$18,854	$319,559
Farmland loans - <$1MM	20	$1,723	$86,150
Farmland loans - <$100k	10	$293	$29,300
Farmland loans - $100-250k	8	$991	$123,875
Farmland loans - $250k-1MM	2	$439	$219,500
Agriculture operations loans - <$1MM	9	$536	$59,556
Agriculture operations loans - <$100k	6	$123	$20,500
Agriculture operations loans - $100-250k	2	$127	$63,500
Agriculture operations loans - $250k-1MM	1	$286	$286,000