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

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. They have a low ratio of USDA loans. Their top markets by origination volume include: Parkersburg, Marietta, Columbus, Columbia, and Athens 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 a below average pick rate when compared to similar lenders.

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Originations

228

Origination Dollar Volume (All Markets)

$35,660,000

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
PARKERSBURG-VIENNA, WV (FHA\|USDA\|VA)	179	$26,015,000	$145,335	$0	0.00%
Marietta, OH (FHA\|USDA\|VA)	32	$4,760,000	$148,750	$0	0.00%
Outside of Metro Areas	8	$1,500,000	$187,500	$0	0.00%
COLUMBUS, OH (FHA\|USDA\|VA)	2	$1,300,000	$650,000	$0	0.00%
COLUMBIA, SC (FHA\|USDA\|VA)	1	$775,000	$775,000	$0	0.00%
Athens, OH (FHA\|USDA\|VA)	4	$770,000	$192,500	$0	0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	1	$305,000	$305,000	$0	0.00%
Point Pleasant, WV-OH (FHA\|USDA\|VA)	1	$235,000	$235,000	$0	0.00%

Community Bank Of Parkersburg's top markets include Parkersburg, Marietta, Columbus, Columbia, and Athens among others.

Their top states include:

West Virginia (FHA|USDA|VA)

Ohio (FHA|USDA|VA)

South Carolina (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.

Peoples Bank
Similarity Rank: 348

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LOANDEPOT.COM, LLC
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	227	$35,555,000	$156,630	$0	0.00%
USDA	1	$105,000	$105,000	$0	0.00%

For 2020, Community Bank Of Parkersburg's most frequently originated type of loan was Conventional, with 227 originations. Their 2nd most popular type was USDA, with 1 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	119	$18,095,000	$152,059	$0	0.00%
Refi	89	$16,125,000	$181,180	$0	0.00%
Home Improvement	11	$865,000	$78,636	$0	0.00%
Other	9	$575,000	$63,889	$0	0.00%

For 2020, Community Bank Of Parkersburg's most frequently cited loan purpose was Home Purchase, with 119 originations. The 2nd most popular reason was Refi, with 89 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	228	$35,660,000	$156,404	$0	0.00%

For 2020, Community Bank Of Parkersburg's most frequently cited loan duration was Other, with 228 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	99	$5,905,000	$59,646	$0	0.00%
$100k-200k	84	$11,430,000	$136,071	$0	0.00%
$200k-400k	35	$9,355,000	$267,286	$0	0.00%
$600k-1MM	5	$4,045,000	$809,000	$0	0.00%
$1MM+	3	$3,875,000	$1,291,667	$0	0.00%
$400k-600k	2	$1,050,000	$525,000	$0	0.00%

2020 saw Community Bank Of Parkersburg place emphasis on $100,000 or less loans with 99 originations, totaling $5,905,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	60	$5,520,000	$92,000	$0	0.00%
$100k-150k	44	$6,950,000	$157,955	$0	0.00%
$75k-100k	39	$5,105,000	$130,897	$0	0.00%
$50k or less	34	$3,190,000	$93,824	$0	0.00%
$150k-250k	20	$4,320,000	$216,000	$0	0.00%
$250k+	16	$5,740,000	$358,750	$0	0.00%

Community Bank Of Parkersburg lent most frequently to those with incomes in the $50k-75k range, with 60 originations. The second most popular income band? $100k-150k, with 44 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	228	$35,660,000	$156,404	$0	0.00%

Community Bank Of Parkersburg lent most frequently to those with DTI ratios of Exempt%, with 228 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	212	$30,950,000	$145,991	$0	0.00%
Not applicable	14	$4,510,000	$322,143	$0	0.00%
Black	1	$135,000	$135,000	$0	0.00%
Native Hawaiian or Islander	1	$65,000	$65,000	$0	0.00%

Approval Rates

Total approvals of all applications
91.23%

Community Bank Of Parkersburg has an average approval rate.

Pick Rate

Approvals leading to origination
85.96%

Community Bank Of Parkersburg has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	228	$35,660,000	$156,404

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	5	$3,045,000	$609,000
Single Family (1-4 Units):Manufactured	18	$1,750,000	$97,222
Single Family (1-4 Units):Site-Built	205	$30,865,000	$150,561

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
COMMUNITY BANK SYSTEM, INC.	Conventional home mortgage	Struggling to pay mortgage	1	33.3%
COMMUNITY BANK SYSTEM, INC.	Conventional home mortgage	Trouble during payment process	1	33.3%
COMMUNITY BANK SYSTEM, INC.	Other type of mortgage	Closing on a mortgage	1	33.3%

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	$16,515
Community Bank of Parkersburg	2400 Grand Central Avenue Vienna, WV 26105	Full Service B&M	$43,625
Community Bank of Parkersburg	3906 Emerson Avenue Parkersburg, WV 26104	Full Service B&M	$26,884
Community Bank of Parkersburg	631 Juliana Street Parkersburg, WV 26101	Full Service B&M	$115,311

For 2020, Community Bank Of Parkersburg had 4 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$11,514
Net interest income	$10,380
Total noninterest income	$1,809
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$404
Trading account gains and fees	$0
Additional Noninterest Income	$1,405
Pre-tax net operating income	$3,510
Securities gains (or losses, -)	$0
Income before extraordinary items	$3,510
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$3,510
Minority interest net income	$0
Net income	$3,510
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$3,510

Community Bank Of Parkersburg's gross interest income from loans was $11,514,000.
Community Bank Of Parkersburg's net interest income from loans was $10,380,000.
Community Bank Of Parkersburg's fee based income from loans was $404,000.
Community Bank Of Parkersburg's net income from loans was $3,510,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,134
Provision for credit losses	$397
Total noninterest expense	$8,282
Salaries and employee benefits	$4,286
Premises and equipment expense	$1,243
Additional noninterest expense	$2,753
Applicable income taxes	$0
Net charge-offs	$-7
Cash dividends	$2,600

Community Bank Of Parkersburg's interest expense for loans was $1,134,000.
Community Bank Of Parkersburg's payroll and benefits expense were $4,286,000.
Community Bank Of Parkersburg's property, plant and equipment expenses $1,243,000.

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	$213,199
Deposits held in domestic offices	$213,199
Deposits by Individuals, partnerships, and corporations	$206,577
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$6,124
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	$109,992
Demand deposits	$62,025
Nontransaction accounts	$103,207
Money market deposit accounts (MMDAs)	$10,758
Other savings deposits (excluding MMDAs)	$47,357
Total time deposits	$45,091
Total time and savings deposits	$151,174
Noninterest-bearing deposits	$62,025
Interest-bearing deposits	$151,174
Retail deposits	$206,996
IRAs and Keogh plan accounts	$4,646
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$275,992
Cash & Balances due from depository institutions	$9,835
Interest-bearing balances	$5,102
Total securities	$22,942
Federal funds sold & reverse repurchase	$7,817
Net loans and leases	$227,962
Loan and leases loss allowance	$1,847
Trading account assets	$0
Bank premises and fixed assets	$5,168
Other real estate owned	$0
Goodwill and other intangibles	$0
All other assets	$2,268

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$275,993
Total Liabilities	$246,622
Total deposits	$213,199
Interest-bearing deposits	$151,174
Deposits held in domestic offices	$213,199
% insured (estimated)	$91
Federal funds purchased and repurchase agreements	$6,352
Trading liabilities	$0
Other borrowed funds	$25,619
Subordinated debt	$0
All other liabilities	$1,452

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$227,962
Loan and leases loss allowance	$1,847
Total loans and leases (domestic)	$229,809
All real estate loans	$194,303
Real estate loans in domestic offices	$194,303
Construction and development loans	$5,816
Residential 1-4 family construction	$5,003
Other construction, all land development and other land	$813
Loans secured by nonfarm nonresidential properties	$37,619
Nonfarm nonresidential secured by owner-occupied properties	$17,885
Commercial real estate & other non-farm, non-residential	$19,734
Multifamily residential real estate	$2,006
1-4 family residential loans	$148,862
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$17,846
To non-U.S. addressees	$0
Loans to individuals	$17,522
Credit card loans	$1,964
Related Plans	$0
Consumer Auto Loans	$7,403
Other loans to individuals	$8,155
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	$1,077
Non 1-4 family restructured loans & leases	$453
Total loans and leases (foreign)	$0

Community Bank of Parkersburg had $227,962,000 of loans outstanding in 2020. $194,303,000 of loans were in real estate loans. $5,816,000 of loans were in development loans. $2,006,000 of loans were in multifamily mortgage loans. $148,862,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $1,964,000 of loans were in credit card loans. $7,403,000 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	188	$32,218	$171,372
Nonfarm, nonresidential loans - <$100k	72	$3,277	$45,514
Nonfarm, nonresidential loans - $100-250k	69	$9,468	$137,217
Nonfarm, nonresidential loans - $250k-1MM	47	$19,473	$414,319
Commercial & Industrial, US addressed loans - <$1MM	320	$14,968	$46,775
Commercial & Industrial, US addressed loans - <$100k	269	$6,474	$24,067
Commercial & Industrial, US addressed loans - $100-250k	33	$4,310	$130,606
Commercial & Industrial, US addressed loans - $250k-1MM	18	$4,184	$232,444