Huntington Federal Savings Bank Mortgage Rates, Fees & Info
Huntington, WVLEI: 549300VSOJCMQO84C619
Tax ID: 55-0199620
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Mortgage Data
Bank Data
Review & Overview
Huntington Federal Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Huntington Federal Savings Bank has a high proportion of conventional loans. Their top two markets are Huntington and Charleston .Huntington Federal Savings Bank 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.33% | 4/28/24 |
| 30 Year Conventional Refi | 5.43% | 4/28/24 |
| 15 Year Conventional Purchase | 4.86% | 4/28/24 |
| 15 Year Conventional Refi | 4.97% | 4/28/24 |
| 15 Year Cash-out Refi | 4.97% | 4/28/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Huntington Federal Savings Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
279Origination Dollar Volume (All Markets)
$39,855,000Employee count
92Top 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 |
|---|---|---|---|---|---|
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 277 | $39,725,000 | $143,412 | $0 | 0.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Huntington Federal Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 279 | $39,855,000 | $142,849 | $0 | 0.00% |
For 2018, Huntington Federal Savings Bank's most frequently originated type of loan was Conventional, with 279 originations.
Loan Reason
For 2018, Huntington Federal Savings Bank's most frequently cited loan purpose was Refi, with 146 originations. The 2nd most popular reason was Home Purchase, with 128 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 279 | $39,855,000 | $142,849 | $0 | 0.00% |
For 2018, Huntington Federal Savings Bank's most frequently cited loan duration was Other, with 279 originations.
Loan Sizing
2018 saw Huntington Federal Savings Bank place emphasis on $100,000 or less loans with 129 originations, totaling $7,905,000 in origination value.
Applicant Income
Huntington Federal Savings Bank lent most frequently to those with incomes in the $50k or less range, with 59 originations. The second most popular income band? $50k-75k, with 55 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 279 | $39,855,000 | $142,849 | $0 | 0.00% |
Huntington Federal Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 279 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.31%
Huntington Federal Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination79.57%
Huntington Federal Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 279 | $39,855,000 | $142,849 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HUNTINGTON NATIONAL BANK, THE | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 2.4% |
| HUNTINGTON NATIONAL BANK, THE | Conventional home mortgage | Closing on a mortgage | 2 | 4.9% |
| HUNTINGTON NATIONAL BANK, THE | Conventional home mortgage | Struggling to pay mortgage | 4 | 9.8% |
| HUNTINGTON NATIONAL BANK, THE | Conventional home mortgage | Trouble during payment process | 13 | 31.7% |
| HUNTINGTON NATIONAL BANK, THE | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 2.4% |
| HUNTINGTON NATIONAL BANK, THE | FHA mortgage | Trouble during payment process | 3 | 7.3% |
| HUNTINGTON NATIONAL BANK, THE | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 4.9% |
| HUNTINGTON NATIONAL BANK, THE | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 2.4% |
| HUNTINGTON NATIONAL BANK, THE | Home equity loan or line of credit (HELOC) | Trouble during payment process | 5 | 12.2% |
| HUNTINGTON NATIONAL BANK, THE | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 2.4% |
| HUNTINGTON NATIONAL BANK, THE | Other type of mortgage | Trouble during payment process | 7 | 17.1% |
| HUNTINGTON NATIONAL BANK, THE | VA mortgage | Closing on a mortgage | 1 | 2.4% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Huntington Federal Savings Bank | 1049 5th Avenue Huntington, WV 25701 | Full Service B&M | $293,379 |
| Huntington Federal Savings Bank | 380 Huntington Mall Barboursville, WV 25504 | Full Service B&M | $41,973 |
| Huntington Federal Savings Bank | 5 Putnam Village Drive Hurricane, WV 25526 | Full Service B&M | $26,711 |
| Huntington Federal Savings Bank | 500 Camden Road Huntington, WV 25704 | Full Service B&M | $38,936 |
| Huntington Federal Savings Bank | 5175 Us Route 60 East Huntington, WV 25705 | Full Service B&M | $49,426 |
For 2018, Huntington Federal Savings Bank had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $16,869 |
| Net interest income | $12,083 |
| Total noninterest income | $106 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $148 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $-42 |
| Pre-tax net operating income | $2,992 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $2,268 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,268 |
| Minority interest net income | $0 |
| Net income | $2,268 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,268 |
Huntington Federal Savings Bank's gross interest income from loans was $16,869,000.
Huntington Federal Savings Bank's net interest income from loans was $12,083,000.
Huntington Federal Savings Bank's fee based income from loans was $148,000.
Huntington Federal Savings Bank's net income from loans was $2,268,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,786 |
| Provision for credit losses | $100 |
| Total noninterest expense | $9,097 |
| Salaries and employee benefits | $5,905 |
| Premises and equipment expense | $834 |
| Additional noninterest expense | $2,358 |
| Applicable income taxes | $724 |
| Net charge-offs | $161 |
| Cash dividends | $0 |
Huntington Federal Savings Bank's interest expense for loans was $4,786,000.
Huntington Federal Savings Bank's payroll and benefits expense were $5,905,000.
Huntington Federal Savings Bank's property, plant and equipment expenses $834,000.
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 | $445,790 |
| Deposits held in domestic offices | $445,790 |
| Deposits by Individuals, partnerships, and corporations | $445,788 |
| Deposits by U.S. Government | $2 |
| Deposits by States and political subdivisions in the U.S. | $0 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $40,164 |
| Demand deposits | $7,304 |
| Nontransaction accounts | $405,626 |
| Money market deposit accounts (MMDAs) | $3,074 |
| Other savings deposits (excluding MMDAs) | $162,691 |
| Total time deposits | $239,860 |
| Total time and savings deposits | $438,486 |
| Noninterest-bearing deposits | $8,061 |
| Interest-bearing deposits | $437,729 |
| Retail deposits | $413,242 |
| IRAs and Keogh plan accounts | $67,682 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $535,557 |
| Cash & Balances due from depository institutions | $30,356 |
| Interest-bearing balances | $17,632 |
| Total securities | $277,893 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $221,055 |
| Loan and leases loss allowance | $1,625 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,750 |
| Other real estate owned | $438 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,065 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $535,556 |
| Total Liabilities | $447,949 |
| Total deposits | $445,790 |
| Interest-bearing deposits | $437,729 |
| Deposits held in domestic offices | $445,790 |
| % insured (estimated) | $95 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $2,159 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $221,055 |
| Loan and leases loss allowance | $1,625 |
| Total loans and leases (domestic) | $222,680 |
| All real estate loans | $221,663 |
| Real estate loans in domestic offices | $221,663 |
| Construction and development loans | $1,861 |
| Residential 1-4 family construction | $1,286 |
| Other construction, all land development and other land | $575 |
| Loans secured by nonfarm nonresidential properties | $9,204 |
| Nonfarm nonresidential secured by owner-occupied properties | $4,471 |
| Commercial real estate & other non-farm, non-residential | $4,733 |
| Multifamily residential real estate | $17,558 |
| 1-4 family residential loans | $193,040 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $0 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,154 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $1,154 |
| All other loans & leases | $56 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $56 |
| 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 | $31 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Huntington Federal Savings Bank had $221,055,000 of loans outstanding in 2018. $221,663,000 of loans were in real estate loans. $1,861,000 of loans were in development loans. $17,558,000 of loans were in multifamily mortgage loans. $193,040,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 | 51 | $8,717 | $170,922 |
| Nonfarm, nonresidential loans - <$100k | 10 | $274 | $27,400 |
| Nonfarm, nonresidential loans - $100-250k | 17 | $1,734 | $102,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 24 | $6,709 | $279,542 |