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

Welch, WV

LEI: 549300JRZJXS01TP9N73

Tax ID: 55-0229280

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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

    Mcnb Bank And Trust Co. is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Mcnb Bank And Trust Co. has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Bluefield, Columbus, Beckley, Parkersburg, and Athens among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mcnb Bank And Trust Co. 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. Mcnb Bank And Trust Co. 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.

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    Originations

    108

    Origination Dollar Volume (All Markets)

    $19,690,000

    Employee count

    71

    Awards

    MCNB Bank and Trust Co. 30 Year Conventional Loans silver MCNB Bank and Trust Co. 30 Year Conventional Loans silver MCNB Bank and Trust Co. 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
    Bluefield, WV-VA (FHA|USDA|VA) 33 $3,555,000 $107,727 $3,142 5.20%
    COLUMBUS, OH (FHA|USDA|VA) 4 $3,320,000 $830,000 $0 5.81%
    BECKLEY, WV (FHA|USDA|VA) 31 $2,805,000 $90,484 $2,498 5.03%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 5 $2,235,000 $447,000 $4,079 5.35%
    Outside of Metro Areas 21 $2,025,000 $96,429 $2,096 5.26%
    Athens, OH (FHA|USDA|VA) 1 $1,655,000 $1,655,000 $0 5.00%
    CHARLESTON, WV (FHA|USDA|VA) 9 $1,435,000 $159,444 $891 5.18%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $905,000 $905,000 $0 5.50%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $815,000 $815,000 $0 4.99%
    Clarksburg, WV (FHA|USDA|VA) 1 $785,000 $785,000 $0 5.50%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $155,000 $155,000 $1,386 4.88%
    Mcnb Bank And Trust Co.'s top markets include Bluefield, Columbus, Beckley, Parkersburg, and Athens among others.

    Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • South Carolina (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: 152
    MCNB Bank and Trust Co.
    Similarity Rank: 176
    First Community Bank
    Similarity Rank: 259
    Summit Community Bank, Inc.
    Similarity Rank: 330
    United Bank
    Similarity Rank: 476
    Mortgage Research Center, LLC
    Similarity Rank: 1804
    Victorian Finance, LLC
    Similarity Rank: 2034
    Access National Bank
    Similarity Rank: 2869
    JPMorgan Chase Bank
    Similarity Rank: 6048
    Truist
    Similarity Rank: 6460

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 105 $19,365,000 $184,429 $2,399 5.20%
    USDA 3 $325,000 $108,333 $4,697 4.96%

    For 2018, Mcnb Bank And Trust Co.'s most frequently originated type of loan was Conventional, with 105 originations. Their 2nd most popular type was USDA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $6,445,000 $137,128 $3,218 5.25%
    Refi 30 $5,580,000 $186,000 $1,529 5.15%
    Cash Out Refi 30 $7,580,000 $252,667 $2,438 5.13%
    NA 1 $85,000 $85,000 $0 5.00%

    For 2018, Mcnb Bank And Trust Co.'s most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 51 $5,985,000 $117,353 $2,576 4.85%
    Other 23 $8,585,000 $373,261 $0 5.65%
    15 Year 17 $1,085,000 $63,824 $2,416 4.88%
    10 Year 7 $235,000 $33,571 $1,838 5.68%
    20 Year 6 $2,790,000 $465,000 $2,493 4.96%
    3 Year 2 $90,000 $45,000 $0 5.50%
    5 Year 2 $920,000 $460,000 $0 9.75%

    For 2018, Mcnb Bank And Trust Co.'s most frequently cited loan duration was 30 Year, with 51 originations. The 2nd most popular length was Other, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3 $65,000 $21,667
    $1k-2k 1 $85,000 $85,000

    Mcnb Bank And Trust Co.'s average total fees were $2,576, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 53 $7,905,000 $149,151
    5-6% 48 $11,340,000 $236,250
    3-4% 4 $370,000 $92,500
    Over 8% 3 $75,000 $25,000

    During 2018, Mcnb Bank And Trust Co.'s average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 4-5%, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 60 $3,570,000 $59,500 $2,235 5.25%
    $100k-200k 29 $3,865,000 $133,276 $2,691 5.06%
    $200k-400k 9 $2,275,000 $252,778 $3,436 4.93%
    $600k-1MM 6 $5,110,000 $851,667 $0 5.50%
    $1MM+ 3 $4,365,000 $1,455,000 $0 5.33%
    $400k-600k 1 $505,000 $505,000 $0 5.50%

    2018 saw Mcnb Bank And Trust Co. place emphasis on $100,000 or less loans with 60 originations, totaling $3,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 31 $2,205,000 $71,129 $2,386 5.20%
    $50k-75k 25 $2,475,000 $99,000 $2,240 5.13%
    $75k-100k 11 $1,205,000 $109,545 $2,682 4.94%
    $100k-150k 9 $1,215,000 $135,000 $2,709 4.88%
    $150k-250k 3 $575,000 $191,667 $4,138 4.83%

    Mcnb Bank And Trust Co. lent most frequently to those with incomes in the $50k or less range, with 31 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 21 $1,745,000 $83,095 $2,569 5.80%
    30-36% 18 $1,720,000 $95,556 $2,191 4.93%
    <20% 14 $1,140,000 $81,429 $2,477 4.61%
    37% 10 $1,120,000 $112,000 $2,719 4.90%
    38% 5 $715,000 $143,000 $2,895 4.90%
    40% 3 $235,000 $78,333 $1,949 5.00%
    >60% 2 $350,000 $175,000 $3,253 5.56%
    39% 2 $130,000 $65,000 $1,504 4.69%
    41% 2 $290,000 $145,000 $4,508 4.81%
    42% 1 $115,000 $115,000 $1,882 5.63%
    44% 1 $155,000 $155,000 $3,487 4.38%
    49% 1 $85,000 $85,000 $2,422 4.25%
    36% 1 $15,000 $15,000 $752 5.00%

    Mcnb Bank And Trust Co. lent most frequently to those with DTI ratios of 20-30%, with 21 originations. The next most common DTI ratio? 30-36%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 89 $10,545,000 $118,483 $2,444 5.15%
    Not applicable 15 $8,755,000 $583,667 $0 5.48%
    Black 2 $190,000 $95,000 $2,766 4.63%
    Filipino 1 $165,000 $165,000 $5,628 5.25%
    Not provided 1 $35,000 $35,000 $2,070 4.88%

    Approval Rates

    Total approvals of all applications
    85.80%

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

    Pick Rate

    Approvals leading to origination
    75.93%

    Mcnb Bank And Trust Co. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 108 $19,690,000 $182,315

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $1,355,000 $1,355,000
    Multifamily:Site-Built 9 $7,285,000 $809,444
    Single Family (1-4 Units):Manufactured 25 $1,775,000 $71,000
    Single Family (1-4 Units):Site-Built 73 $9,275,000 $127,055

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,155,000 $165,000 $2,199 4.52%
    40-60% 5 $1,585,000 $317,000 $0 5.25%
    60-80% 36 $5,350,000 $148,611 $2,623 5.54%
    80-100% 52 $10,140,000 $195,000 $2,524 5.06%
    Over 100% 3 $535,000 $178,333 $0 5.08%
    Under 20% 4 $120,000 $30,000 $1,450 4.81%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    MCNB Bank and Trust Co. 1122 Ritter Drive Daniels, WV 25832 Full Service B&M $15,907
    MCNB Bank and Trust Co. 3102 Cedar Valley Drive Richlands, VA 24641 Full Service B&M $10,416
    MCNB Bank and Trust Co. 3152 E. Cumberland Road Bluefield, WV 24701 Full Service B&M $14,184
    MCNB Bank and Trust Co. 322 South Walker Street Princeton, WV 24740 Full Service B&M $57,947
    MCNB Bank and Trust Co. 75 Wyoming Street Welch, WV 24801 Full Service B&M $112,036
    MCNB Bank and Trust Co. 85 Jerome Van Meter Drive Beckley, WV 25801 Full Service B&M $39,384
    MCNB Bank and Trust Co. 94 Howard Street Welch, WV 24801 Limited, Drive-thru $0

    For 2018, Mcnb Bank And Trust Co. had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,065
    Net interest income $9,727
    Total noninterest income $3,468
    Gross Fiduciary activities income $545
    Service charges on deposit accounts $711
    Trading account gains and fees $0
    Additional Noninterest Income $2,212
    Pre-tax net operating income $2,537
    Securities gains (or losses, -) $-37
    Income before extraordinary items $2,189
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,189
    Minority interest net income $0
    Net income $2,189
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,221

    Mcnb Bank And Trust Co.'s gross interest income from loans was $12,065,000.
    Mcnb Bank And Trust Co.'s net interest income from loans was $9,727,000.
    Mcnb Bank And Trust Co.'s fee based income from loans was $711,000.
    Mcnb Bank And Trust Co.'s net income from loans was $2,189,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,338
    Provision for credit losses $448
    Total noninterest expense $10,210
    Salaries and employee benefits $4,635
    Premises and equipment expense $1,405
    Additional noninterest expense $4,170
    Applicable income taxes $311
    Net charge-offs $507
    Cash dividends $648

    Mcnb Bank And Trust Co.'s interest expense for loans was $2,338,000.
    Mcnb Bank And Trust Co.'s payroll and benefits expense were $4,635,000.
    Mcnb Bank And Trust Co.'s property, plant and equipment expenses $1,405,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 1.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 18.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $249,325
    Deposits held in domestic offices $249,325
    Deposits by Individuals, partnerships, and corporations $225,472
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,848
    Deposits by Commercial banks and other depository institutions in U.S. $5
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $123,060
    Demand deposits $24,448
    Nontransaction accounts $126,265
    Money market deposit accounts (MMDAs) $12,824
    Other savings deposits (excluding MMDAs) $54,656
    Total time deposits $58,785
    Total time and savings deposits $224,877
    Noninterest-bearing deposits $24,448
    Interest-bearing deposits $224,877
    Retail deposits $242,042
    IRAs and Keogh plan accounts $11,121
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $294,188
    Cash & Balances due from depository institutions $18,841
    Interest-bearing balances $12,065
    Total securities $53,207
    Federal funds sold & reverse repurchase $264
    Net loans and leases $193,369
    Loan and leases loss allowance $3,036
    Trading account assets $0
    Bank premises and fixed assets $5,894
    Other real estate owned $11,184
    Goodwill and other intangibles $0
    All other assets $11,429

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $294,188
    Total Liabilities $262,851
    Total deposits $249,325
    Interest-bearing deposits $224,877
    Deposits held in domestic offices $249,325
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $9,355
    Subordinated debt $0
    All other liabilities $4,171

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $193,369
    Loan and leases loss allowance $3,036
    Total loans and leases (domestic) $196,405
    All real estate loans $171,636
    Real estate loans in domestic offices $171,636
    Construction and development loans $5,743
    Residential 1-4 family construction $2,011
    Other construction, all land development and other land $3,732
    Loans secured by nonfarm nonresidential properties $105,009
    Nonfarm nonresidential secured by owner-occupied properties $38,756
    Commercial real estate & other non-farm, non-residential $66,253
    Multifamily residential real estate $14,380
    1-4 family residential loans $44,461
    Farmland loans $2,043
    Loans held in foreign offices $0
    Farm loans $140
    Commercial and industrial loans $20,424
    To non-U.S. addressees $0
    Loans to individuals $3,519
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $275
    Other loans to individuals $3,244
    All other loans & leases $816
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $4,843
    Non 1-4 family restructured loans & leases $4,787
    Total loans and leases (foreign) $0

    MCNB Bank and Trust Co. had $193,369,000 of loans outstanding in 2018. $171,636,000 of loans were in real estate loans. $5,743,000 of loans were in development loans. $14,380,000 of loans were in multifamily mortgage loans. $44,461,000 of loans were in 1-4 family mortgage loans. $140,000 of loans were in farm loans. $0 of loans were in credit card loans. $275,000 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 87 $19,098 $219,517
    Nonfarm, nonresidential loans - <$100k 25 $1,443 $57,720
    Nonfarm, nonresidential loans - $100-250k 20 $2,260 $113,000
    Nonfarm, nonresidential loans - $250k-1MM 42 $15,395 $366,548
    Commercial & Industrial, US addressed loans - <$1MM 98 $10,782 $110,020
    Commercial & Industrial, US addressed loans - <$100k 54 $2,049 $37,944
    Commercial & Industrial, US addressed loans - $100-250k 28 $3,656 $130,571
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $5,077 $317,313
    Farmland loans - <$1MM 3 $924 $308,000
    Farmland loans - $100-250k 1 $139 $139,000
    Farmland loans - $250k-1MM 2 $785 $392,500
    Agriculture operations loans - <$1MM 1 $140 $140,000
    Agriculture operations loans - $100-250k 1 $140 $140,000