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

Welch, WV

LEI: 549300JRZJXS01TP9N73

Tax ID: 55-0229280

Latest/2023 | 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 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: Columbus, Bluefield, Weirton, Beckley, and Myrtle Beach among others. We have data for 14 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.

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Originations

Origination Dollar Volume (All Markets)

$24,655,000

Employee count

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
COLUMBUS, OH (FHA\|USDA\|VA)	13	$8,175,000	$628,846	$0	0.00%
Bluefield, WV-VA (FHA\|USDA\|VA)	28	$3,080,000	$110,000	$0	0.00%
WEIRTON-STEUBENVILLE, WV-OH (FHA\|USDA\|VA)	1	$2,895,000	$2,895,000	$0	0.00%
BECKLEY, WV (FHA\|USDA\|VA)	24	$2,650,000	$110,417	$0	0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	2	$1,420,000	$710,000	$0	0.00%
Outside of Metro Areas	16	$1,410,000	$88,125	$0	0.00%
CHARLESTON, WV (FHA\|USDA\|VA)	3	$1,405,000	$468,333	$0	0.00%
CANTON-MASSILLON, OH (FHA\|USDA\|VA)	1	$1,245,000	$1,245,000	$0	0.00%
Mount Vernon, OH (FHA\|USDA\|VA)	1	$595,000	$595,000	$0	0.00%
PARKERSBURG-VIENNA, WV (FHA\|USDA\|VA)	1	$575,000	$575,000	$0	0.00%
BLACKSBURG-CHRISTIANSBURG, VA (FHA\|USDA\|VA)	2	$420,000	$210,000	$0	0.00%
ROANOKE, VA (FHA\|USDA\|VA)	1	$365,000	$365,000	$0	0.00%
KNOXVILLE, TN (FHA\|USDA\|VA)	1	$265,000	$265,000	$0	0.00%
DAYTON-KETTERING, OH (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	0.00%

Mcnb Bank And Trust Co.'s top markets include Columbus, Bluefield, Weirton, Beckley, and Myrtle Beach among others.

Their top states include:

West Virginia (FHA|USDA|VA)

Ohio (FHA|USDA|VA)

Virginia (FHA|USDA|VA)

South Carolina (FHA|USDA|VA)

Tennessee (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.

United Bank
Similarity Rank: 244

City National Bank of West Virginia
Similarity Rank: 273

Summit Community Bank, Inc.
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First Community Bank
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Atlantic Union Bank
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ATLANTIC BAY MORTGAGE GROUP, L.L.C.
Similarity Rank: 3424

Mortgage Research Center, LLC
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The Huntington National Bank
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JPMorgan Chase Bank
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Wells Fargo Bank
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	90	$24,300,000	$270,000	$0	0.00%
USDA	5	$355,000	$71,000	$0	0.00%

For 2019, Mcnb Bank And Trust Co.'s most frequently originated type of loan was Conventional, with 90 originations. Their 2nd most popular type was USDA, with 5 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	53	$18,605,000	$351,038	$0	0.00%
Cash Out Refi	25	$4,005,000	$160,200	$0	0.00%
Refi	14	$1,950,000	$139,286	$0	0.00%
Other	2	$50,000	$25,000	$0	0.00%
Home Improvement	1	$45,000	$45,000	$0	0.00%

For 2019, Mcnb Bank And Trust Co.'s most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	95	$24,655,000	$259,526	$0	0.00%

For 2019, Mcnb Bank And Trust Co.'s most frequently cited loan duration was Other, with 95 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	48	$2,790,000	$58,125	$0	0.00%
$100k-200k	19	$2,735,000	$143,947	$0	0.00%
$200k-400k	12	$3,230,000	$269,167	$0	0.00%
$600k-1MM	6	$5,270,000	$878,333	$0	0.00%
$1MM+	5	$7,775,000	$1,555,000	$0	0.00%
$400k-600k	5	$2,855,000	$571,000	$0	0.00%

2019 saw Mcnb Bank And Trust Co. place emphasis on $100,000 or less loans with 48 originations, totaling $2,790,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	18	$1,160,000	$64,444	$0	0.00%
$50k-75k	17	$1,245,000	$73,235	$0	0.00%
$75k-100k	11	$1,535,000	$139,545	$0	0.00%
$100k-150k	9	$1,095,000	$121,667	$0	0.00%
$150k-250k	5	$975,000	$195,000	$0	0.00%

Mcnb Bank And Trust Co. lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $50k-75k, with 17 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	95	$24,655,000	$259,526	$0	0.00%

Mcnb Bank And Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 95 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	22	$15,590,000	$708,636	$0	0.00%
White	70	$8,230,000	$117,571	$0	0.00%
Asian	1	$765,000	$765,000	$0	0.00%
Black	2	$70,000	$35,000	$0	0.00%

Approval Rates

Total approvals of all applications
74.23%

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

Pick Rate

Approvals leading to origination
73.68%

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

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	95	$24,655,000	$259,526

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	1	$575,000	$575,000
Multifamily:Site-Built	19	$15,845,000	$833,947
Single Family (1-4 Units):Manufactured	14	$1,090,000	$77,857
Single Family (1-4 Units):Site-Built	61	$7,145,000	$117,131

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
MCNB Bank and Trust Co.	85 Jerome Van Meter Drive Beckley, WV 25801	Full Service B&M	$45,605
MCNB Bank and Trust Co.	94 Howard Street Welch, WV 24801	Limited, Drive-thru	$0
MCNB Bank and Trust Co.	75 Wyoming Street Welch, WV 24801	Full Service B&M	$108,618
MCNB Bank and Trust Co.	1122 Ritter Drive Daniels, WV 25832	Full Service B&M	$18,257
MCNB Bank and Trust Co.	3102 Cedar Valley Drive Richlands, VA 24641	Full Service B&M	$9,823
MCNB Bank and Trust Co.	3152 E. Cumberland Road Bluefield, WV 24701	Full Service B&M	$13,186
MCNB Bank and Trust Co.	322 South Walker Street Princeton, WV 24740	Full Service B&M	$56,547

For 2019, Mcnb Bank And Trust Co. had 7 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$12,975
Net interest income	$10,114
Total noninterest income	$2,658
Gross Fiduciary activities income	$663
Service charges on deposit accounts	$698
Trading account gains and fees	$0
Additional Noninterest Income	$1,297
Pre-tax net operating income	$2,648
Securities gains (or losses, -)	$109
Income before extraordinary items	$2,284
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$2,284
Minority interest net income	$0
Net income	$2,284
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$2,193

Mcnb Bank And Trust Co.'s gross interest income from loans was $12,975,000.
Mcnb Bank And Trust Co.'s net interest income from loans was $10,114,000.
Mcnb Bank And Trust Co.'s fee based income from loans was $698,000.
Mcnb Bank And Trust Co.'s net income from loans was $2,284,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,861
Provision for credit losses	$640
Total noninterest expense	$9,484
Salaries and employee benefits	$4,463
Premises and equipment expense	$1,293
Additional noninterest expense	$3,728
Applicable income taxes	$473
Net charge-offs	$406
Cash dividends	$648

Mcnb Bank And Trust Co.'s interest expense for loans was $2,861,000.
Mcnb Bank And Trust Co.'s payroll and benefits expense were $4,463,000.
Mcnb Bank And Trust Co.'s property, plant and equipment expenses $1,293,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	3.0%
Real Estate loans	3.0%
Construction & Land Development loans	0.0%
Nonfarm, nonresidential loans	4.0%
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	0.0%
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	$255,631
Deposits held in domestic offices	$255,631
Deposits by Individuals, partnerships, and corporations	$232,264
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$22,381
Deposits by Commercial banks and other depository institutions in U.S.	$986
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$120,042
Demand deposits	$26,509
Nontransaction accounts	$135,589
Money market deposit accounts (MMDAs)	$22,855
Other savings deposits (excluding MMDAs)	$51,045
Total time deposits	$61,689
Total time and savings deposits	$229,122
Noninterest-bearing deposits	$26,499
Interest-bearing deposits	$229,132
Retail deposits	$249,506
IRAs and Keogh plan accounts	$10,778
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$301,427
Cash & Balances due from depository institutions	$27,081
Interest-bearing balances	$17,098
Total securities	$42,151
Federal funds sold & reverse repurchase	$252
Net loans and leases	$206,279
Loan and leases loss allowance	$3,270
Trading account assets	$0
Bank premises and fixed assets	$5,710
Other real estate owned	$9,260
Goodwill and other intangibles	$0
All other assets	$10,694

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$301,427
Total Liabilities	$267,548
Total deposits	$255,631
Interest-bearing deposits	$229,132
Deposits held in domestic offices	$255,631
% insured (estimated)	$77
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$9,156
Subordinated debt	$0
All other liabilities	$2,761

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$206,279
Loan and leases loss allowance	$3,270
Total loans and leases (domestic)	$209,549
All real estate loans	$187,793
Real estate loans in domestic offices	$187,793
Construction and development loans	$7,839
Residential 1-4 family construction	$2,411
Other construction, all land development and other land	$5,428
Loans secured by nonfarm nonresidential properties	$102,262
Nonfarm nonresidential secured by owner-occupied properties	$35,979
Commercial real estate & other non-farm, non-residential	$66,283
Multifamily residential real estate	$18,579
1-4 family residential loans	$53,046
Farmland loans	$6,067
Loans held in foreign offices	$0
Farm loans	$140
Commercial and industrial loans	$17,631
To non-U.S. addressees	$0
Loans to individuals	$3,233
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$224
Other loans to individuals	$3,009
All other loans & leases	$976
Loans to foreign governments and official institutions	$0
Other loans	$443
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	$4,375
Non 1-4 family restructured loans & leases	$4,347
Total loans and leases (foreign)	$0

MCNB Bank and Trust Co. had $206,279,000 of loans outstanding in 2019. $187,793,000 of loans were in real estate loans. $7,839,000 of loans were in development loans. $18,579,000 of loans were in multifamily mortgage loans. $53,046,000 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. $224,000 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	82	$20,604	$251,268
Nonfarm, nonresidential loans - <$100k	20	$1,227	$61,350
Nonfarm, nonresidential loans - $100-250k	19	$2,267	$119,316
Nonfarm, nonresidential loans - $250k-1MM	43	$17,110	$397,907
Commercial & Industrial, US addressed loans - <$1MM	82	$9,372	$114,293
Commercial & Industrial, US addressed loans - <$100k	41	$1,595	$38,902
Commercial & Industrial, US addressed loans - $100-250k	27	$3,247	$120,259
Commercial & Industrial, US addressed loans - $250k-1MM	14	$4,530	$323,571
Farmland loans - <$1MM	7	$1,970	$281,429
Farmland loans - $100-250k	2	$248	$124,000
Farmland loans - $250k-1MM	5	$1,722	$344,400
Agriculture operations loans - <$1MM	1	$140	$140,000
Agriculture operations loans - $100-250k	1	$140	$140,000