Community Bank Of Parkersburg Mortgage Rates, Fees & Info

Parkersburg, WV

LEI: 549300RMW817W08PUN16

Tax ID: 55-0148620

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Community Bank Of Parkersburg is a smaller bank specializing in Home Purchase and Refi loans. Community Bank Of Parkersburg has a high proportion of conventional loans. Their top markets by origination volume include: Parkersburg, Marietta, Naples, Washington, and Huntington among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community Bank Of Parkersburg has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Community Bank Of Parkersburg 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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    Originations

    217

    Origination Dollar Volume (All Markets)

    $26,765,000

    Employee count

    61

    Awards

    Community Bank of Parkersburg 30 Year Conventional Loans gold Community Bank of Parkersburg 30 Year Conventional Loans gold Community Bank of Parkersburg 30 Year Conventional Loans bronze
    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
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 178 $21,020,000 $118,090 $1,556 4.57%
    Marietta, OH (FHA|USDA|VA) 22 $2,460,000 $111,818 $1,263 4.86%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,030,000 $515,000 $4,328 4.62%
    Outside of Metro Areas 8 $790,000 $98,750 $1,652 4.43%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $565,000 $565,000 $2,533 4.68%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $215,000 $215,000 $2,168 4.38%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.99%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $195,000 $195,000 $2,444 3.99%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $95,000 $95,000 $1,454 4.25%
    CHARLESTON, WV (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.25%
    Athens, OH (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.99%
    Community Bank Of Parkersburg's top markets include Parkersburg, Marietta, Naples, Washington, and Huntington among others.

    Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Similar Lenders

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

    Community Bank of Parkersburg
    Similarity Rank: 44
    Peoples Bank
    Similarity Rank: 552
    United Bank
    Similarity Rank: 612
    WesBanco
    Similarity Rank: 935
    Mortgage Research Center, LLC
    Similarity Rank: 2706
    Truist
    Similarity Rank: 3420
    The Huntington National Bank
    Similarity Rank: 4460
    JPMorgan Chase Bank
    Similarity Rank: 6912
    Flagstar Bank, FSB
    Similarity Rank: 8316
    MOVEMENT MORTGAGE, LLC
    Similarity Rank: 14638

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 217 $26,765,000 $123,341 $1,563 4.59%

    For 2018, Community Bank Of Parkersburg's most frequently originated type of loan was Conventional, with 217 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 129 $17,475,000 $135,465 $1,545 4.66%
    Refi 72 $8,270,000 $114,861 $1,588 4.45%
    Other 11 $815,000 $74,091 $1,517 4.61%
    Home Improvement 5 $205,000 $41,000 $1,795 4.75%

    For 2018, Community Bank Of Parkersburg's most frequently cited loan purpose was Home Purchase, with 129 originations. The 2nd most popular reason was Refi, with 72 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 96 $15,420,000 $160,625 $1,609 4.64%
    15 Year 38 $3,940,000 $103,684 $1,421 4.40%
    20 Year 32 $3,290,000 $102,813 $1,480 4.95%
    10 Year 24 $1,180,000 $49,167 $1,460 4.36%
    Other 21 $2,485,000 $118,333 $1,829 4.58%
    5 Year 4 $200,000 $50,000 $1,407 4.14%
    1 Year 2 $250,000 $125,000 $1,317 4.10%

    For 2018, Community Bank Of Parkersburg's most frequently cited loan duration was 30 Year, with 96 originations. The 2nd most popular length was 15 Year, with 38 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 172 $23,170,000 $134,709
    $1k-2k 8 $870,000 $108,750

    Community Bank Of Parkersburg's average total fees were $1,609, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 172 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 116 $15,580,000 $134,310
    3-4% 55 $7,475,000 $135,909
    5-6% 46 $3,710,000 $80,652

    During 2018, Community Bank Of Parkersburg's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 4-5%, with 116 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 103 $6,165,000 $59,854 $1,486 4.61%
    $100k-200k 85 $11,435,000 $134,529 $1,517 4.64%
    $200k-400k 24 $6,120,000 $255,000 $1,787 4.39%
    $400k-600k 3 $1,485,000 $495,000 $1,687 4.39%
    $600k-1MM 2 $1,560,000 $780,000 $3,457 4.37%

    2018 saw Community Bank Of Parkersburg place emphasis on $100,000 or less loans with 103 originations, totaling $6,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 55 $5,695,000 $103,545 $1,602 4.53%
    $100k-150k 46 $6,290,000 $136,739 $1,300 4.64%
    $50k or less 41 $2,815,000 $68,659 $1,518 4.53%
    $75k-100k 36 $4,360,000 $121,111 $1,522 4.70%
    $150k-250k 20 $3,290,000 $164,500 $1,784 4.53%
    $250k+ 10 $3,370,000 $337,000 $2,494 4.38%

    Community Bank Of Parkersburg lent most frequently to those with incomes in the $50k-75k range, with 55 originations. The second most popular income band? $100k-150k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 79 $10,295,000 $130,316 $1,546 4.56%
    30-36% 48 $5,630,000 $117,292 $1,548 4.63%
    <20% 38 $5,100,000 $134,211 $1,654 4.43%
    36% 9 $1,275,000 $141,667 $1,336 4.51%
    44% 6 $470,000 $78,333 $1,477 4.99%
    38% 5 $785,000 $157,000 $1,586 4.40%
    39% 4 $300,000 $75,000 $886 4.79%
    46% 4 $300,000 $75,000 $1,073 4.89%
    50-60% 3 $175,000 $58,333 $0 5.25%
    41% 3 $525,000 $175,000 $2,740 4.74%
    42% 3 $315,000 $105,000 $1,424 4.21%
    48% 2 $170,000 $85,000 $1,569 4.40%
    37% 2 $200,000 $100,000 $1,681 4.38%
    43% 1 $225,000 $225,000 $1,692 4.38%
    40% 1 $45,000 $45,000 $1,843 4.38%
    49% 1 $135,000 $135,000 $0 5.25%

    Community Bank Of Parkersburg lent most frequently to those with DTI ratios of 20-30%, with 79 originations. The next most common DTI ratio? 30-36%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 210 $26,260,000 $125,048 $1,566 4.58%
    Asian 2 $230,000 $115,000 $1,383 4.75%
    Not applicable 3 $195,000 $65,000 $0 5.25%
    Not provided 1 $55,000 $55,000 $1,516 4.99%
    Filipino 1 $25,000 $25,000 $1,499 4.38%

    Approval Rates

    Total approvals of all applications
    90.00%

    Community Bank Of Parkersburg has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.17%

    Community Bank Of Parkersburg has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 217 $26,765,000 $123,341

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $105,000 $105,000
    Single Family (1-4 Units):Manufactured 15 $1,355,000 $90,333
    Single Family (1-4 Units):Site-Built 201 $25,305,000 $125,896

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $1,275,000 $60,714 $1,390 4.41%
    40-60% 34 $3,380,000 $99,412 $1,518 4.52%
    60-80% 80 $9,780,000 $122,250 $1,483 4.61%
    80-100% 74 $11,980,000 $161,892 $1,763 4.67%
    Under 20% 8 $350,000 $43,750 $1,297 4.43%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Community Lending of America, Inc. VA mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community Bank of Parkersburg 1620 Blizzard Drive Parkersburg, WV 26101 Full Service B&M $13,736
    Community Bank of Parkersburg 2400 Grand Central Avenue Vienna, WV 26105 Full Service B&M $37,568
    Community Bank of Parkersburg 3906 Emerson Avenue Parkersburg, WV 26104 Full Service B&M $23,436
    Community Bank of Parkersburg 631 Juliana Street Parkersburg, WV 26101 Full Service B&M $105,054

    For 2018, Community Bank Of Parkersburg had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,366
    Net interest income $9,200
    Total noninterest income $1,861
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $521
    Trading account gains and fees $0
    Additional Noninterest Income $1,340
    Pre-tax net operating income $3,261
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,261
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,261
    Minority interest net income $0
    Net income $3,261
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,261

    Community Bank Of Parkersburg's gross interest income from loans was $10,366,000.
    Community Bank Of Parkersburg's net interest income from loans was $9,200,000.
    Community Bank Of Parkersburg's fee based income from loans was $521,000.
    Community Bank Of Parkersburg's net income from loans was $3,261,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,166
    Provision for credit losses $156
    Total noninterest expense $7,644
    Salaries and employee benefits $4,070
    Premises and equipment expense $976
    Additional noninterest expense $2,598
    Applicable income taxes $0
    Net charge-offs $38
    Cash dividends $2,615

    Community Bank Of Parkersburg's interest expense for loans was $1,166,000.
    Community Bank Of Parkersburg's payroll and benefits expense were $4,070,000.
    Community Bank Of Parkersburg's property, plant and equipment expenses $976,000.

    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 $175,168
    Deposits held in domestic offices $175,168
    Deposits by Individuals, partnerships, and corporations $167,522
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $6,898
    Deposits by Commercial banks and other depository institutions in U.S. $747
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $86,584
    Demand deposits $45,546
    Nontransaction accounts $88,583
    Money market deposit accounts (MMDAs) $12,047
    Other savings deposits (excluding MMDAs) $42,301
    Total time deposits $34,237
    Total time and savings deposits $129,621
    Noninterest-bearing deposits $45,546
    Interest-bearing deposits $129,622
    Retail deposits $170,647
    IRAs and Keogh plan accounts $4,032
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $244,555
    Cash & Balances due from depository institutions $5,422
    Interest-bearing balances $90
    Total securities $29,957
    Federal funds sold & reverse repurchase $0
    Net loans and leases $202,608
    Loan and leases loss allowance $1,362
    Trading account assets $0
    Bank premises and fixed assets $2,950
    Other real estate owned $700
    Goodwill and other intangibles $0
    All other assets $2,918

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $244,554
    Total Liabilities $218,039
    Total deposits $175,168
    Interest-bearing deposits $129,622
    Deposits held in domestic offices $175,168
    % insured (estimated) $92
    Federal funds purchased and repurchase agreements $3,825
    Trading liabilities $0
    Other borrowed funds $37,612
    Subordinated debt $0
    All other liabilities $1,434

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $202,608
    Loan and leases loss allowance $1,362
    Total loans and leases (domestic) $203,970
    All real estate loans $177,933
    Real estate loans in domestic offices $177,933
    Construction and development loans $5,930
    Residential 1-4 family construction $4,977
    Other construction, all land development and other land $953
    Loans secured by nonfarm nonresidential properties $31,441
    Nonfarm nonresidential secured by owner-occupied properties $15,564
    Commercial real estate & other non-farm, non-residential $15,877
    Multifamily residential real estate $2,711
    1-4 family residential loans $137,851
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $8,209
    To non-U.S. addressees $0
    Loans to individuals $17,676
    Credit card loans $2,213
    Related Plans $0
    Consumer Auto Loans $6,936
    Other loans to individuals $8,527
    All other loans & leases $152
    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 $477
    Non 1-4 family restructured loans & leases $432
    Total loans and leases (foreign) $0

    Community Bank of Parkersburg had $202,608,000 of loans outstanding in 2018. $177,933,000 of loans were in real estate loans. $5,930,000 of loans were in development loans. $2,711,000 of loans were in multifamily mortgage loans. $137,851,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $2,213,000 of loans were in credit card loans. $6,936,000 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 201 $27,753 $138,075
    Nonfarm, nonresidential loans - <$100k 92 $3,574 $38,848
    Nonfarm, nonresidential loans - $100-250k 70 $9,130 $130,429
    Nonfarm, nonresidential loans - $250k-1MM 39 $15,049 $385,872
    Commercial & Industrial, US addressed loans - <$1MM 187 $8,209 $43,898
    Commercial & Industrial, US addressed loans - <$100k 152 $3,220 $21,184
    Commercial & Industrial, US addressed loans - $100-250k 20 $2,331 $116,550
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $2,658 $177,200