Mcnb Bank And Trust Co. Mortgage Rates, Fees & Info

Welch, WV

LEI: 549300JRZJXS01TP9N73

Tax ID: 55-0229280

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Mcnb Bank And Trust Co. is a smaller bank specializing in Home Purchase and Refi loans. Mcnb Bank And Trust Co. has a high proportion of conventional loans. Their top markets by origination volume include: Bluefield, Cleveland, Beckley, Huntington, and Mansfield among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Mcnb Bank And Trust Co. 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.

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.

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Originations

Origination Dollar Volume (All Markets)

$6,550,000

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
Bluefield, WV-VA (FHA\|USDA\|VA)	12	$2,200,000	$183,333	$0	0.00%
CLEVELAND-ELYRIA, OH (FHA\|USDA\|VA)	1	$1,075,000	$1,075,000	$0	0.00%
BECKLEY, WV (FHA\|USDA\|VA)	10	$1,060,000	$106,000	$0	0.00%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA\|USDA\|VA)	2	$670,000	$335,000	$0	0.00%
Outside of Metro Areas	8	$640,000	$80,000	$0	0.00%
MANSFIELD, OH (FHA\|USDA\|VA)	1	$625,000	$625,000	$0	0.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$235,000	$235,000	$0	0.00%
CHARLESTON, WV (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	0.00%

Mcnb Bank And Trust Co.'s top markets include Bluefield, Cleveland, Beckley, Huntington, and Mansfield among others.

Their top states include:

West Virginia (FHA|USDA|VA)

Ohio (FHA|USDA|VA)

Virginia (FHA|USDA|VA)

Nevada (FHA|USDA|VA)

Similar Lenders

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

City National Bank of West Virginia
Similarity Rank: 82

First Community Bank
Similarity Rank: 153

First Reliance Bank
Similarity Rank: 192

Burke & Herbert Bank & Trust Company
Similarity Rank: 210

Atlantic Union Bank
Similarity Rank: 960

Mortgage Research Center, LLC
Similarity Rank: 4590

Truist
Similarity Rank: 4750

The Huntington National Bank
Similarity Rank: 5346

JPMorgan Chase Bank
Similarity Rank: 6020

LOANDEPOT.COM, LLC
Similarity Rank: 6286

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	36	$6,550,000	$181,944	$0	0.00%

For 2024, Mcnb Bank And Trust Co.'s most frequently originated type of loan was Conventional, with 36 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	15	$2,495,000	$166,333	$0	0.00%
Cash Out Refi	8	$1,080,000	$135,000	$0	0.00%
Home Improvement	5	$955,000	$191,000	$0	0.00%
Other	4	$160,000	$40,000	$0	0.00%
Refi	4	$1,860,000	$465,000	$0	0.00%

For 2024, Mcnb Bank And Trust Co.'s most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	36	$6,550,000	$181,944	$0	0.00%

For 2024, Mcnb Bank And Trust Co.'s most frequently cited loan duration was Other, with 36 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	20	$1,070,000	$53,500	$0	0.00%
$200k-400k	7	$2,205,000	$315,000	$0	0.00%
$100k-200k	6	$770,000	$128,333	$0	0.00%
$600k-1MM	2	$1,430,000	$715,000	$0	0.00%
$1MM+	1	$1,075,000	$1,075,000	$0	0.00%

2024 saw Mcnb Bank And Trust Co. place emphasis on $100,000 or less loans with 20 originations, totaling $1,070,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	5	$885,000	$177,000	$0	0.00%
$50k-75k	5	$405,000	$81,000	$0	0.00%
$100k-150k	4	$590,000	$147,500	$0	0.00%
$50k or less	4	$190,000	$47,500	$0	0.00%
$75k-100k	4	$260,000	$65,000	$0	0.00%

Mcnb Bank And Trust Co. lent most frequently to those with incomes in the $150k-250k range, with 5 originations. The second most popular income band? $50k-75k, with 5 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	36	$6,550,000	$181,944	$0	0.00%

Mcnb Bank And Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 36 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	8	$3,580,000	$447,500	$0	0.00%
White	27	$2,875,000	$106,481	$0	0.00%
Not provided	1	$95,000	$95,000	$0	0.00%

Approval Rates

Total approvals of all applications
90.91%

Mcnb Bank And Trust Co. has an average approval rate.

Pick Rate

Approvals leading to origination
88.89%

Mcnb Bank And Trust Co. has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	36	$6,550,000	$181,944

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	36	$6,550,000	$181,944