Community Bank Of Parkersburg Mortgage Rates, Fees & Info

Parkersburg, WV

LEI: 549300RMW817W08PUN16

Tax ID: 55-0148620

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Mortgage Data

Bank Data

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, Charleston, Athens, and Charlotte among others. We have data for 8 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.

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Originations

236

Origination Dollar Volume (All Markets)

$29,740,000

Employee count

57

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) 176 $21,220,000 $120,568 $0 0.00%
Marietta, OH (FHA|USDA|VA) 39 $5,035,000 $129,103 $0 0.00%
Outside of Metro Areas 12 $2,170,000 $180,833 $0 0.00%
CHARLESTON, WV (FHA|USDA|VA) 3 $395,000 $131,667 $0 0.00%
Athens, OH (FHA|USDA|VA) 2 $270,000 $135,000 $0 0.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
MORGANTOWN, WV (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Community Bank Of Parkersburg's top markets include Parkersburg, Marietta, Charleston, Athens, and Charlotte among others.

Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 236 $29,740,000 $126,017 $0 0.00%

    For 2019, Community Bank Of Parkersburg's most frequently originated type of loan was Conventional, with 236 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 152 $21,130,000 $139,013 $0 0.00%
    Refi 50 $6,340,000 $126,800 $0 0.00%
    Other 21 $1,625,000 $77,381 $0 0.00%
    Home Improvement 13 $645,000 $49,615 $0 0.00%

    For 2019, Community Bank Of Parkersburg's most frequently cited loan purpose was Home Purchase, with 152 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 236 $29,740,000 $126,017 $0 0.00%

    For 2019, Community Bank Of Parkersburg's most frequently cited loan duration was Other, with 236 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 120 $7,410,000 $61,750 $0 0.00%
    $100k-200k 79 $10,695,000 $135,380 $0 0.00%
    $200k-400k 30 $8,510,000 $283,667 $0 0.00%
    $400k-600k 7 $3,125,000 $446,429 $0 0.00%

    2019 saw Community Bank Of Parkersburg place emphasis on $100,000 or less loans with 120 originations, totaling $7,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 52 $7,130,000 $137,115 $0 0.00%
    $50k-75k 48 $4,940,000 $102,917 $0 0.00%
    $50k or less 45 $3,675,000 $81,667 $0 0.00%
    $75k-100k 37 $3,995,000 $107,973 $0 0.00%
    $150k-250k 26 $5,120,000 $196,923 $0 0.00%
    $250k+ 10 $1,810,000 $181,000 $0 0.00%

    Community Bank Of Parkersburg lent most frequently to those with incomes in the $100k-150k range, with 52 originations. The second most popular income band? $50k-75k, with 48 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 236 $29,740,000 $126,017 $0 0.00%

    Community Bank Of Parkersburg lent most frequently to those with DTI ratios of Exempt%, with 236 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 217 $26,545,000 $122,327 $0 0.00%
    Not applicable 15 $2,615,000 $174,333 $0 0.00%
    Not provided 3 $505,000 $168,333 $0 0.00%
    Asian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.49%

    Community Bank Of Parkersburg has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.68%

    Community Bank Of Parkersburg has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 236 $29,740,000 $126,017

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $1,105,000 $221,000
    Single Family (1-4 Units):Manufactured 24 $1,890,000 $78,750
    Single Family (1-4 Units):Site-Built 207 $26,745,000 $129,203

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Closing on a mortgage 1 20.0%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 3 60.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 20.0%

    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 $14,794
    Community Bank of Parkersburg 2400 Grand Central Avenue Vienna, WV 26105 Full Service B&M $40,945
    Community Bank of Parkersburg 3906 Emerson Avenue Parkersburg, WV 26104 Full Service B&M $24,375
    Community Bank of Parkersburg 631 Juliana Street Parkersburg, WV 26101 Full Service B&M $105,736

    For 2019, Community Bank Of Parkersburg had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,528
    Net interest income $9,733
    Total noninterest income $1,791
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $477
    Trading account gains and fees $0
    Additional Noninterest Income $1,314
    Pre-tax net operating income $3,188
    Securities gains (or losses, -) $56
    Income before extraordinary items $3,244
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,244
    Minority interest net income $0
    Net income $3,244
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,188

    Community Bank Of Parkersburg's gross interest income from loans was $11,528,000.
    Community Bank Of Parkersburg's net interest income from loans was $9,733,000.
    Community Bank Of Parkersburg's fee based income from loans was $477,000.
    Community Bank Of Parkersburg's net income from loans was $3,244,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,795
    Provision for credit losses $126
    Total noninterest expense $8,210
    Salaries and employee benefits $4,502
    Premises and equipment expense $1,026
    Additional noninterest expense $2,682
    Applicable income taxes $0
    Net charge-offs $45
    Cash dividends $2,755

    Community Bank Of Parkersburg's interest expense for loans was $1,795,000.
    Community Bank Of Parkersburg's payroll and benefits expense were $4,502,000.
    Community Bank Of Parkersburg's property, plant and equipment expenses $1,026,000.

    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 $187,743
    Deposits held in domestic offices $187,743
    Deposits by Individuals, partnerships, and corporations $181,513
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $5,732
    Deposits by Commercial banks and other depository institutions in U.S. $498
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $87,415
    Demand deposits $46,485
    Nontransaction accounts $100,328
    Money market deposit accounts (MMDAs) $9,904
    Other savings deposits (excluding MMDAs) $41,079
    Total time deposits $49,345
    Total time and savings deposits $141,258
    Noninterest-bearing deposits $46,485
    Interest-bearing deposits $141,258
    Retail deposits $180,304
    IRAs and Keogh plan accounts $4,525
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $255,869
    Cash & Balances due from depository institutions $5,381
    Interest-bearing balances $262
    Total securities $28,063
    Federal funds sold & reverse repurchase $2,957
    Net loans and leases $211,455
    Loan and leases loss allowance $1,444
    Trading account assets $0
    Bank premises and fixed assets $5,131
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,882

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $255,869
    Total Liabilities $228,047
    Total deposits $187,743
    Interest-bearing deposits $141,258
    Deposits held in domestic offices $187,743
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $3,204
    Trading liabilities $0
    Other borrowed funds $35,489
    Subordinated debt $0
    All other liabilities $1,611

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $211,455
    Loan and leases loss allowance $1,444
    Total loans and leases (domestic) $212,899
    All real estate loans $187,430
    Real estate loans in domestic offices $187,430
    Construction and development loans $3,763
    Residential 1-4 family construction $2,871
    Other construction, all land development and other land $892
    Loans secured by nonfarm nonresidential properties $34,094
    Nonfarm nonresidential secured by owner-occupied properties $16,114
    Commercial real estate & other non-farm, non-residential $17,980
    Multifamily residential real estate $1,832
    1-4 family residential loans $147,741
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $7,464
    To non-U.S. addressees $0
    Loans to individuals $17,868
    Credit card loans $2,257
    Related Plans $0
    Consumer Auto Loans $7,954
    Other loans to individuals $7,657
    All other loans & leases $138
    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 $1,304
    Non 1-4 family restructured loans & leases $564
    Total loans and leases (foreign) $0

    Community Bank of Parkersburg had $211,455,000 of loans outstanding in 2019. $187,430,000 of loans were in real estate loans. $3,763,000 of loans were in development loans. $1,832,000 of loans were in multifamily mortgage loans. $147,741,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $2,257,000 of loans were in credit card loans. $7,954,000 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 196 $30,667 $156,464
    Nonfarm, nonresidential loans - <$100k 87 $3,365 $38,678
    Nonfarm, nonresidential loans - $100-250k 68 $9,480 $139,412
    Nonfarm, nonresidential loans - $250k-1MM 41 $17,822 $434,683
    Commercial & Industrial, US addressed loans - <$1MM 179 $7,464 $41,698
    Commercial & Industrial, US addressed loans - <$100k 147 $2,940 $20,000
    Commercial & Industrial, US addressed loans - $100-250k 20 $2,191 $109,550
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $2,333 $194,417