Lcnb National Bank Mortgage Rates, Fees & Info

Lebanon, OH

LEI: 549300Q55VW95EP3CM33

Tax ID: 31-0352330

5 stars - out of 5 stars, based on 24 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Lcnb National Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Lcnb National Bank has a high proportion of conventional loans. Their top markets include Cincinnati, Columbus, Chillicothe, Dayton, and Wilmington among others. Lcnb National Bank has an average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Lcnb National Bank is typically a low fee lendor.


Originations

585

Origination Dollar Volume (All Markets)

$246,795,000

Employee count

307 Show all (5) awards

Relative Rate

Lcnb National Bank's average 30 year fixed rate mortgage of loans were 3.03%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.12%.

Relative Fees

Lcnb National Bank's average total fees for a 30 year fixed rate mortgage are $3,245.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 300 $113,710,000 $379,033 $3,051 2.83%
COLUMBUS, OH (FHA|USDA|VA) 62 $89,980,000 $1,451,290 $3,301 3.06%
Chillicothe, OH (FHA|USDA|VA) 75 $12,965,000 $172,867 $2,749 2.80%
DAYTON-KETTERING, OH (FHA|USDA|VA) 62 $12,880,000 $207,742 $2,455 2.87%
Outside of Metro Areas 46 $6,770,000 $147,174 $2,772 2.75%
Wilmington, OH (FHA|USDA|VA) 22 $3,210,000 $145,909 $2,708 2.77%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $3,125,000 $3,125,000 $0 3.25%
Washington Court House, OH (FHA|USDA|VA) 8 $1,900,000 $237,500 $2,644 3.00%
Marietta, OH (FHA|USDA|VA) 2 $1,010,000 $505,000 $3,786 2.81%
Jackson, OH (FHA|USDA|VA) 2 $430,000 $215,000 $3,327 2.56%
Portsmouth, OH (FHA|USDA|VA) 1 $295,000 $295,000 $3,922 2.88%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $285,000 $285,000 $3,317 3.00%
Greenville, OH (FHA|USDA|VA) 3 $235,000 $78,333 $1,746 2.92%

Lcnb National Bank's top markets include Cincinnati, Columbus, Chillicothe, Dayton, and Wilmington among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 585 $246,795,000 $421,872 $2,917 2.85%

For the 2021 period, Lcnb National Bank's most frequently originated loan type of loans were Conventional, with 585 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 213 $71,005,000 $333,357 $2,899 2.83%
Refi 189 $46,545,000 $246,270 $2,907 2.55%
Home Purchase 152 $127,250,000 $837,171 $3,514 3.18%
Other 16 $1,340,000 $83,750 $1,423 2.98%
Home Improvement 15 $655,000 $43,667 $133 3.43%

For the 2021, Lcnb National Bank's most frequently cited loan purpose of loans were Cash Out Refi, with 213 originations. The 2nd most popular reason of loans were Refi, with 189 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 253 $59,295,000 $234,368 $3,245 3.03%
15 Year 180 $41,120,000 $228,444 $2,787 2.43%
10 Year 68 $70,050,000 $1,030,147 $2,048 2.57%
20 Year 45 $17,585,000 $390,778 $2,825 3.00%
Other 39 $58,745,000 $1,506,282 $0 4.01%

For the 2021, Lcnb National Bank's most frequently cited loan length of loans were 30 Year, with 253 originations. The 2nd most popular length of loans were 15 Year, with 180 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 464 $97,290,000 $209,677
$1k-2k 25 $5,015,000 $200,600
$3k-4k 6 $2,900,000 $483,333
$2k-3k 2 $470,000 $235,000
$5k+ 2 $1,060,000 $530,000

$3,245 of loans were Lcnb National Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 464 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
<2.5% 233 $51,635,000 $221,609
3-4% 164 $128,820,000 $785,488
2.5-3% 161 $52,795,000 $327,919
4-5% 21 $10,645,000 $506,905
5-6% 5 $2,425,000 $485,000

During 2021, Lcnb National Bank's average interest rate of loans were 3.03%, while their most frequently originated rate bucket of loans were <2.5%, with 233 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 236 $33,990,000 $144,025 $2,761 2.75%
$200k-400k 135 $36,415,000 $269,741 $3,234 2.79%
$100,000 or less 113 $7,345,000 $65,000 $1,881 2.83%
$400k-600k 45 $22,025,000 $489,444 $4,355 2.92%
$1MM+ 32 $128,670,000 $4,020,938 $6,107 3.67%
$600k-1MM 24 $18,350,000 $764,583 $5,198 3.07%

2021 saw Lcnb National Bank place emphasis on $100k-200k loans with 236 originations, totaling $33,990,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 114 $24,060,000 $211,053 $2,985 2.74%
$50k-75k 111 $14,865,000 $133,919 $2,590 2.75%
$50k or less 86 $9,620,000 $111,860 $2,491 2.80%
$75k-100k 84 $13,590,000 $161,786 $2,813 2.68%
$150k-250k 70 $19,810,000 $283,000 $3,253 2.67%
$250k+ 43 $24,775,000 $576,163 $4,301 2.72%

Lcnb National Bank lent most frequently to those with incomes in the $100k-150k range, with 114 originations. The second most popular income band? $50k-75k, with 111 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 154 $31,590,000 $205,130 $2,875 2.60%
<20% 87 $17,435,000 $200,402 $2,852 2.64%
30-36% 86 $16,710,000 $194,302 $2,894 2.72%
43% 16 $3,430,000 $214,375 $2,981 2.96%
37% 16 $2,720,000 $170,000 $2,667 2.96%
38% 15 $3,115,000 $207,667 $3,049 2.81%
41% 14 $2,420,000 $172,857 $2,928 2.96%
47% 14 $3,400,000 $242,857 $3,362 2.69%
39% 13 $3,765,000 $289,615 $3,386 2.83%
40% 11 $2,295,000 $208,636 $3,000 2.67%
42% 10 $1,860,000 $186,000 $2,780 2.99%
36% 10 $1,700,000 $170,000 $2,651 2.73%
46% 10 $2,630,000 $263,000 $3,170 2.89%
48% 10 $3,370,000 $337,000 $4,040 3.18%
50-60% 10 $4,330,000 $433,000 $3,456 2.53%
44% 9 $1,415,000 $157,222 $2,180 3.03%
45% 8 $1,860,000 $232,500 $2,649 2.78%
>60% 5 $1,235,000 $247,000 $3,206 2.65%
49% 4 $580,000 $145,000 $2,816 2.81%

Lcnb National Bank lent most frequently to those with DTI ratios of 20-30%, with 154 originations. The next most common DTI ratio? <20%, with 87 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 56 $135,910,000 $2,426,964 $0 3.93%
White 471 $94,005,000 $199,586 $2,868 2.73%
Not provided 46 $14,740,000 $320,435 $3,504 2.83%
American Indian 5 $825,000 $165,000 $2,206 2.50%
Black 3 $495,000 $165,000 $2,784 2.58%
Asian 2 $380,000 $190,000 $3,098 2.50%
Asian Indian 1 $325,000 $325,000 $3,115 2.88%
Filipino 1 $115,000 $115,000 $2,746 2.38%

Approval Rates

Total approvals of all applications
89.11%

Lcnb National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
92.80%

Lcnb National Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 585 $246,795,000 $421,872

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
585 $246,795,000 $421,872

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 70 $17,820,000 $254,571 $2,132 2.61%
40-60% 143 $32,165,000 $224,930 $2,862 2.59%
60-80% 245 $130,525,000 $532,755 $3,201 2.91%
80-100% 105 $62,155,000 $591,952 $3,527 3.10%
Under 20% 22 $4,130,000 $187,727 $546 3.39%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Lcnb National Bank 4441 Marie Drive Middletown, OH 45044 Full Service B&M $27,145
Lcnb National Bank 110 West Main Street Eaton, OH 45320 Full Service B&M $117,034
Lcnb National Bank 1240 N. Bridge Street Chillicothe, OH 45601 Full Service B&M $13,197
Lcnb National Bank 1243 Rombach Avenue Wilmington, OH 45177 Full Service B&M $32,699
Lcnb National Bank 1697 North Barron Street Eaton, OH 45320 Full Service B&M $16,732
Lcnb National Bank 2 N. Broadway St Lebanon, OH 45036 Full Service B&M $227,077
Lcnb National Bank 200 Campus Ctr Lebanon, OH 45036 Full Service B&M $11,178
Lcnb National Bank 225 Upper Lewisburg-Salem Road Brookville, OH 45309 Full Service B&M $110,067
Lcnb National Bank 2705 Far Hills Avenue Dayton, OH 45419 Full Service B&M $25,238
Lcnb National Bank 30 West Park Place Oxford, OH 45056 Full Service B&M $36,230
Lcnb National Bank 3209 West Galbraith Road Cincinnati, OH 45239 Full Service B&M $26,485
Lcnb National Bank 33 West Main Street Chillicothe, OH 45601 Full Service B&M $73,168
Lcnb National Bank 34 North Broadway Lebanon, OH 45036 Limited, Drive-thru $0
Lcnb National Bank 3878 State Route 122 Franklin, OH 45005 Full Service B&M $32,300
Lcnb National Bank 100 Crossings Drive Washington Court House, OH 43160 Full Service B&M $16,896
Lcnb National Bank 1006 Western Avenue Chillicothe, OH 45601 Full Service B&M $23,881
Lcnb National Bank 101 Clarence F Warner Drive Monroe, OH 45050 Full Service B&M $17,081
Lcnb National Bank 1050 Reading Road Mason, OH 45040 Full Service B&M $45,108
Lcnb National Bank Dick Flynn Blvd Goshen, OH 45122 Full Service B&M $46,391
Lcnb National Bank Main And Springfield Streets Frankfort, OH 45628 Full Service B&M $40,748
Lcnb National Bank 500 Loveland Madeira Road Loveland, OH 45140 Full Service B&M $36,717
Lcnb National Bank 522 South Commerce Street Lewisburg, OH 45338 Full Service B&M $36,899
Lcnb National Bank 525 West Central Avenue Springboro, OH 45066 Full Service B&M $31,396
Lcnb National Bank 603 Corwin Nixon Blvd South Lebanon, OH 45065 Full Service B&M $58,728
Lcnb National Bank 6123 East State Route 22 And 3 Roachester, OH 45152 Full Service B&M $42,081
Lcnb National Bank 6877 N. High Street Worthington, OH 43085 Full Service B&M $113,062
Lcnb National Bank 730 Columbus Avenue Lebanon, OH 45036 Full Service B&M $93,567
Lcnb National Bank 765 Nilles Road Fairfield, OH 45014 Full Service B&M $27,722
Lcnb National Bank 7795 South State Route 48 Maineville, OH 45039 Full Service B&M $49,872
Lcnb National Bank 794 N.W. Washington Boulevard Hamilton, OH 45013 Full Service B&M $57,505
Lcnb National Bank 9 North Main Street Waynesville, OH 45068 Full Service B&M $66,259
Lcnb National Bank 9605 Dayton Lebanon Pike St Rt 48 Centerville, OH 45458 Full Service B&M $25,256

For 2021, Lcnb National Bank had 32 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $61,113
Net interest income $57,093
Total noninterest income $16,892
Gross Fiduciary activities income $5,171
Service charges on deposit accounts $1,567
Trading account gains and fees $0
Additional Noninterest Income $10,154
Pre-tax net operating income $25,861
Securities gains (or losses, -) $289
Income before extraordinary items $21,211
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $21,211
Minority interest net income $0
Net income $21,211
Sale, conversion, retirement of capital stock, net $0
Net operating income $20,976

Lcnb National Bank's gross interest income from loans was $61,113,000.
Lcnb National Bank's net interest income from loans was $57,093,000.
Lcnb National Bank's fee based income from loans was $1,567,000.
Lcnb National Bank's net income from loans was $21,211,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,020
Provision for credit losses $-269
Total noninterest expense $48,393
Salaries and employee benefits $27,367
Premises and equipment expense $4,814
Additional noninterest expense $16,212
Applicable income taxes $4,939
Net charge-offs $-46
Cash dividends $15,000

Lcnb National Bank's interest expense for loans was $4,020,000.
Lcnb National Bank's payroll and benefits expense were $27,367,000.
Lcnb National Bank's property, plant and equipment expenses $4,814,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
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 $1,629,476
Deposits held in domestic offices $1,629,476
Deposits by Individuals, partnerships, and corporations $1,480,719
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $147,464
Deposits by Commercial banks and other depository institutions in U.S. $1,292
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $236,702
Demand deposits $189,055
Nontransaction accounts $1,392,773
Money market deposit accounts (MMDAs) $68,035
Other savings deposits (excluding MMDAs) $1,131,406
Total time deposits $193,332
Total time and savings deposits $1,440,420
Noninterest-bearing deposits $506,410
Interest-bearing deposits $1,123,066
Retail deposits $1,604,353
IRAs and Keogh plan accounts $66,718
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,899,918
Cash & Balances due from depository institutions $15,094
Interest-bearing balances $0
Total securities $332,539
Federal funds sold & reverse repurchase $0
Net loans and leases $1,363,940
Loan and leases loss allowance $5,506
Trading account assets $0
Bank premises and fixed assets $41,742
Other real estate owned $0
Goodwill and other intangibles $61,694
All other assets $84,909

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,899,918
Total Liabilities $1,665,467
Total deposits $1,629,476
Interest-bearing deposits $1,123,066
Deposits held in domestic offices $1,629,476
% insured (estimated) $86
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $10,000
Subordinated debt $0
All other liabilities $25,991

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,363,940
Loan and leases loss allowance $5,506
Total loans and leases (domestic) $1,369,446
All real estate loans $1,222,784
Real estate loans in domestic offices $1,222,784
Construction and development loans $90,361
Residential 1-4 family construction $8,703
Other construction, all land development and other land $81,658
Loans secured by nonfarm nonresidential properties $590,494
Nonfarm nonresidential secured by owner-occupied properties $202,591
Commercial real estate & other non-farm, non-residential $387,903
Multifamily residential real estate $168,024
1-4 family residential loans $335,106
Farmland loans $38,799
Loans held in foreign offices $0
Farm loans $10,649
Commercial and industrial loans $101,599
To non-U.S. addressees $0
Loans to individuals $34,291
Credit card loans $0
Related Plans $80
Consumer Auto Loans $27,556
Other loans to individuals $6,655
All other loans & leases $122
Loans to foreign governments and official institutions $0
Other loans $122
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 $2,622
Non 1-4 family restructured loans & leases $1,919
Total loans and leases (foreign) $0

LCNB National Bank had $1,363,940,000 of loans outstanding in 2021. $1,222,784,000 of loans were in real estate loans. $90,361,000 of loans were in development loans. $168,024,000 of loans were in multifamily mortgage loans. $335,106,000 of loans were in 1-4 family mortgage loans. $10,649,000 of loans were in farm loans. $0 of loans were in credit card loans. $27,556,000 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 466 $135,144 $290,009
Nonfarm, nonresidential loans - <$100k 46 $2,041 $44,370
Nonfarm, nonresidential loans - $100-250k 122 $16,494 $135,197
Nonfarm, nonresidential loans - $250k-1MM 298 $116,609 $391,305
Commercial & Industrial, US addressed loans - <$1MM 463 $47,198 $101,940
Commercial & Industrial, US addressed loans - <$100k 304 $8,410 $27,664
Commercial & Industrial, US addressed loans - $100-250k 72 $7,203 $100,042
Commercial & Industrial, US addressed loans - $250k-1MM 87 $31,585 $363,046
Farmland loans - <$1MM 62 $10,709 $172,726
Farmland loans - <$100k 10 $839 $83,900
Farmland loans - $100-250k 27 $3,320 $122,963
Farmland loans - $250k-1MM 25 $6,550 $262,000
Agriculture operations loans - <$1MM 63 $5,719 $90,778
Agriculture operations loans - <$100k 32 $728 $22,750
Agriculture operations loans - $100-250k 16 $1,853 $115,813
Agriculture operations loans - $250k-1MM 15 $3,138 $209,200