County National Bank Mortgage Rates, Fees & Info

Hillsdale, MI

LEI: 549300W07W12OUENKR02

Tax ID: 38-0650660

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    County National Bank is a smaller bank specializing in Home Purchase loans. County National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jackson, Hillsdale, Adrian, Detroit, and Battle Creek among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    County National Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. County National Bank 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.09% 4/21/24
    30 Year Conventional Refi 6.95% 4/21/24
    30 Year Cash-out Refi 6.98% 4/21/24
    15 Year Conventional Purchase 6.24% 4/21/24
    15 Year Conventional Refi 6.37% 4/21/24
    15 Year Cash-out Refi 6.37% 4/21/24
    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.

    County National Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from County National Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    423

    Origination Dollar Volume (All Markets)

    $62,175,000

    Employee count

    192

    Awards

    County National Bank 30 Year Conventional Loans gold
    Show all (1) 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
    JACKSON, MI (FHA|USDA|VA) 190 $29,450,000 $155,000 $3,345 4.81%
    Hillsdale, MI (FHA|USDA|VA) 142 $15,680,000 $110,423 $2,714 4.86%
    Adrian, MI (FHA|USDA|VA) 40 $7,430,000 $185,750 $3,432 5.12%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $2,315,000 $463,000 $3,273 5.18%
    BATTLE CREEK, MI (FHA|USDA|VA) 10 $1,440,000 $144,000 $3,371 4.66%
    Coldwater, MI (FHA|USDA|VA) 11 $1,315,000 $119,545 $3,224 4.90%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 5 $1,285,000 $257,000 $4,643 4.53%
    Outside of Metro Areas 8 $1,180,000 $147,500 $2,811 4.57%
    ANN ARBOR, MI (FHA|USDA|VA) 4 $620,000 $155,000 $3,114 4.44%
    MONROE, MI (FHA|USDA|VA) 1 $275,000 $275,000 $2,707 4.63%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $245,000 $245,000 $6,028 4.50%
    SAGINAW, MI (FHA|USDA|VA) 1 $225,000 $225,000 $2,479 4.75%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $205,000 $205,000 $2,491 4.50%
    NILES, MI (FHA|USDA|VA) 1 $155,000 $155,000 $1,838 5.00%
    Sault Ste. Marie, MI (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.50%
    Angola, IN (FHA|USDA|VA) 1 $125,000 $125,000 $3,208 5.88%
    Georgetown, SC (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.00%
    County National Bank's top markets include Jackson, Hillsdale, Adrian, Detroit, and Battle Creek among others.

    Their top states include:
  • Michigan (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • Similar Lenders

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

    OMNI Community Credit Union
    Similarity Rank: 105
    Kellogg Community Credit Union
    Similarity Rank: 140
    BlueOx Credit Union
    Similarity Rank: 192
    First Federal Bank of the Midwest
    Similarity Rank: 276
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION
    Similarity Rank: 308
    SUMMIT HOME MORTGAGE, LLC
    Similarity Rank: 387
    TLC COMMUNITY Credit Union
    Similarity Rank: 396
    CONSUMERS
    Similarity Rank: 437
    Honor Credit Union
    Similarity Rank: 600
    HOME MORTGAGE ASSURED CORPORATION
    Similarity Rank: 650

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 423 $62,175,000 $146,986 $3,125 4.85%

    For 2018, County National Bank's most frequently originated type of loan was Conventional, with 423 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 256 $36,830,000 $143,867 $3,130 4.95%
    Cash Out Refi 92 $11,940,000 $129,783 $3,224 4.71%
    Refi 68 $12,160,000 $178,824 $2,818 4.63%
    Other 4 $390,000 $97,500 $2,575 4.41%
    Home Improvement 3 $855,000 $285,000 $13,736 5.92%

    For 2018, County National Bank's most frequently cited loan purpose was Home Purchase, with 256 originations. The 2nd most popular reason was Cash Out Refi, with 92 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 227 $33,395,000 $147,115 $3,026 4.91%
    15 Year 102 $12,650,000 $124,020 $2,775 4.30%
    20 Year 54 $9,110,000 $168,704 $3,180 5.11%
    30+ year 16 $4,070,000 $254,375 $6,257 6.18%
    10 Year 14 $1,130,000 $80,714 $2,458 4.71%
    Other 5 $1,165,000 $233,000 $10,613 5.70%
    1 Year 3 $535,000 $178,333 $0 5.67%
    3 Year 1 $85,000 $85,000 $0 6.00%
    5 Year 1 $35,000 $35,000 $0 5.75%

    For 2018, County National Bank's most frequently cited loan duration was 30 Year, with 227 originations. The 2nd most popular length was 15 Year, with 102 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 149 $18,705,000 $125,537
    $<1k 120 $13,610,000 $113,417
    $2k-3k 69 $10,995,000 $159,348
    $3k-4k 20 $4,920,000 $246,000
    $5k+ 11 $5,975,000 $543,182
    $4k-5k 1 $345,000 $345,000

    County National Bank's average total fees were $3,026, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 149 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 266 $38,980,000 $146,541
    5-6% 84 $11,860,000 $141,190
    6-7% 32 $4,580,000 $143,125
    3-4% 26 $4,100,000 $157,692
    2.5-3% 8 $1,860,000 $232,500
    <2.5% 7 $795,000 $113,571

    During 2018, County National Bank's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 4-5%, with 266 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 178 $11,160,000 $62,697 $2,382 4.95%
    $100k-200k 163 $23,015,000 $141,196 $3,118 4.79%
    $200k-400k 61 $15,195,000 $249,098 $3,880 4.67%
    $400k-600k 16 $7,290,000 $455,625 $5,572 5.03%
    $600k-1MM 3 $2,285,000 $761,667 $11,659 5.38%
    $1MM+ 2 $3,230,000 $1,615,000 $9,132 4.08%

    2018 saw County National Bank place emphasis on $100,000 or less loans with 178 originations, totaling $11,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 105 $8,365,000 $79,667 $2,419 4.79%
    $50k-75k 99 $12,275,000 $123,990 $2,906 4.85%
    $100k-150k 66 $11,590,000 $175,606 $3,746 4.86%
    $75k-100k 64 $9,380,000 $146,563 $3,002 4.90%
    $150k-250k 38 $7,740,000 $203,684 $3,747 4.68%
    $250k+ 21 $8,305,000 $395,476 $5,525 4.69%

    County National Bank lent most frequently to those with incomes in the $50k or less range, with 105 originations. The second most popular income band? $50k-75k, with 99 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 91 $13,735,000 $150,934 $3,112 4.82%
    30-36% 81 $11,305,000 $139,568 $3,194 4.77%
    <20% 54 $7,070,000 $130,926 $2,826 4.73%
    39% 15 $2,175,000 $145,000 $3,012 4.93%
    37% 15 $2,985,000 $199,000 $3,364 4.82%
    41% 15 $2,655,000 $177,000 $3,704 4.98%
    42% 14 $2,130,000 $152,143 $3,054 4.71%
    38% 13 $1,605,000 $123,462 $3,116 5.04%
    50-60% 13 $2,335,000 $179,615 $3,753 4.85%
    45% 12 $1,530,000 $127,500 $2,748 5.00%
    36% 12 $1,620,000 $135,000 $3,266 4.66%
    >60% 12 $2,670,000 $222,500 $3,803 4.69%
    46% 11 $1,395,000 $126,818 $3,345 4.55%
    40% 10 $1,260,000 $126,000 $2,660 4.77%
    44% 8 $1,440,000 $180,000 $3,778 4.92%
    43% 6 $530,000 $88,333 $2,397 5.29%
    47% 5 $465,000 $93,000 $2,775 4.68%
    49% 5 $665,000 $133,000 $2,839 4.28%
    48% 4 $570,000 $142,500 $2,607 4.81%

    County National Bank lent most frequently to those with DTI ratios of 20-30%, with 91 originations. The next most common DTI ratio? 30-36%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 378 $55,520,000 $146,878 $3,146 4.81%
    Not applicable 24 $3,930,000 $163,750 $0 5.51%
    Not provided 14 $1,730,000 $123,571 $2,745 4.91%
    Asian 4 $690,000 $172,500 $2,913 4.66%
    American Indian 2 $230,000 $115,000 $2,325 4.44%
    Black 1 $75,000 $75,000 $3,090 4.88%

    Approval Rates

    Total approvals of all applications
    81.65%

    County National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.94%

    County National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 423 $62,175,000 $146,986

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $545,000 $545,000
    Single Family (1-4 Units):Manufactured 19 $1,425,000 $75,000
    Single Family (1-4 Units):Site-Built 403 $60,205,000 $149,392

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $2,325,000 $80,172 $2,463 4.87%
    40-60% 60 $6,260,000 $104,333 $2,348 4.82%
    60-80% 165 $27,155,000 $164,576 $3,391 4.77%
    80-100% 165 $26,225,000 $158,939 $3,203 4.92%
    Over 100% 1 $85,000 $85,000 $0 6.00%
    Under 20% 3 $125,000 $41,667 $0 5.50%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Hillsdale County National Bank 1 South Howell Street Hillsdale, MI 49242 Full Service B&M $154,402
    Hillsdale County National Bank 105-109 West Main Street Homer, MI 49245 Full Service B&M $28,107
    Hillsdale County National Bank 112 Jonesville Street Litchfield, MI 49252 Full Service B&M $29,013
    Hillsdale County National Bank 119 West Main Street Spring Arbor, MI 49283 Full Service B&M $31,821
    Hillsdale County National Bank 125 West Main Street Hanover, MI 49241 Full Service B&M $23,535
    Hillsdale County National Bank 12641 East Chicago Road Somerset Center, MI 49282 Full Service B&M $24,760
    Hillsdale County National Bank 1380 South Main St Adrian, MI 49221 Full Service B&M $13,399
    Hillsdale County National Bank 150 Lewis Street Hillsdale, MI 49242 Limited, Drive-thru $0
    Hillsdale County National Bank 1523 Horton Rd Jackson, MI 49203 Full Service B&M $57,310
    Hillsdale County National Bank 1800 North Wisner Street Jackson, MI 49202 Full Service B&M $41,740
    Hillsdale County National Bank 228 East Chicago Avenue Jonesville, MI 49250 Full Service B&M $45,266
    Hillsdale County National Bank 270 West Cortland Street Jackson, MI 49201 Full Service B&M $91,126
    Hillsdale County National Bank 325 Railroad St Hudson, MI 49247 Full Service B&M $29,987

    For 2018, County National Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $28,647
    Net interest income $26,339
    Total noninterest income $6,320
    Gross Fiduciary activities income $986
    Service charges on deposit accounts $1,150
    Trading account gains and fees $0
    Additional Noninterest Income $4,184
    Pre-tax net operating income $10,986
    Securities gains (or losses, -) $0
    Income before extraordinary items $8,898
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,898
    Minority interest net income $0
    Net income $8,898
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,898

    County National Bank's gross interest income from loans was $28,647,000.
    County National Bank's net interest income from loans was $26,339,000.
    County National Bank's fee based income from loans was $1,150,000.
    County National Bank's net income from loans was $8,898,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,308
    Provision for credit losses $206
    Total noninterest expense $21,467
    Salaries and employee benefits $12,818
    Premises and equipment expense $2,922
    Additional noninterest expense $5,727
    Applicable income taxes $2,088
    Net charge-offs $83
    Cash dividends $3,491

    County National Bank's interest expense for loans was $2,308,000.
    County National Bank's payroll and benefits expense were $12,818,000.
    County National Bank's property, plant and equipment expenses $2,922,000.

    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 $578,859
    Deposits held in domestic offices $578,859
    Deposits by Individuals, partnerships, and corporations $505,487
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $71,909
    Deposits by Commercial banks and other depository institutions in U.S. $1,463
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $283,661
    Demand deposits $195,209
    Nontransaction accounts $295,198
    Money market deposit accounts (MMDAs) $71,962
    Other savings deposits (excluding MMDAs) $126,343
    Total time deposits $96,893
    Total time and savings deposits $383,650
    Noninterest-bearing deposits $70,799
    Interest-bearing deposits $508,060
    Retail deposits $542,886
    IRAs and Keogh plan accounts $9,951
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $661,748
    Cash & Balances due from depository institutions $54,008
    Interest-bearing balances $45,979
    Total securities $17,936
    Federal funds sold & reverse repurchase $0
    Net loans and leases $567,554
    Loan and leases loss allowance $7,069
    Trading account assets $0
    Bank premises and fixed assets $5,775
    Other real estate owned $223
    Goodwill and other intangibles $3,655
    All other assets $12,597

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $661,748
    Total Liabilities $597,586
    Total deposits $578,859
    Interest-bearing deposits $508,060
    Deposits held in domestic offices $578,859
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $15,750
    Subordinated debt $0
    All other liabilities $2,977

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $567,554
    Loan and leases loss allowance $7,069
    Total loans and leases (domestic) $574,623
    All real estate loans $424,014
    Real estate loans in domestic offices $424,014
    Construction and development loans $20,783
    Residential 1-4 family construction $5,099
    Other construction, all land development and other land $15,684
    Loans secured by nonfarm nonresidential properties $185,392
    Nonfarm nonresidential secured by owner-occupied properties $121,174
    Commercial real estate & other non-farm, non-residential $64,218
    Multifamily residential real estate $17,936
    1-4 family residential loans $187,918
    Farmland loans $11,985
    Loans held in foreign offices $0
    Farm loans $7,310
    Commercial and industrial loans $114,637
    To non-U.S. addressees $0
    Loans to individuals $27,299
    Credit card loans $0
    Related Plans $1,156
    Consumer Auto Loans $5,549
    Other loans to individuals $20,594
    All other loans & leases $1,639
    Loans to foreign governments and official institutions $0
    Other loans $187
    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 $3,241
    Non 1-4 family restructured loans & leases $670
    Total loans and leases (foreign) $0

    County National Bank had $567,554,000 of loans outstanding in 2018. $424,014,000 of loans were in real estate loans. $20,783,000 of loans were in development loans. $17,936,000 of loans were in multifamily mortgage loans. $187,918,000 of loans were in 1-4 family mortgage loans. $7,310,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,549,000 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 493 $94,005 $190,680
    Nonfarm, nonresidential loans - <$100k 156 $6,577 $42,160
    Nonfarm, nonresidential loans - $100-250k 181 $22,790 $125,912
    Nonfarm, nonresidential loans - $250k-1MM 156 $64,638 $414,346
    Commercial & Industrial, US addressed loans - <$1MM 762 $55,898 $73,357
    Commercial & Industrial, US addressed loans - <$100k 515 $13,898 $26,986
    Commercial & Industrial, US addressed loans - $100-250k 144 $14,028 $97,417
    Commercial & Industrial, US addressed loans - $250k-1MM 103 $27,972 $271,573
    Farmland loans - <$1MM 81 $10,025 $123,765
    Farmland loans - <$100k 40 $1,793 $44,825
    Farmland loans - $100-250k 27 $4,202 $155,630
    Farmland loans - $250k-1MM 14 $4,030 $287,857
    Agriculture operations loans - <$1MM 69 $3,489 $50,565
    Agriculture operations loans - <$100k 52 $1,115 $21,442
    Agriculture operations loans - $100-250k 10 $1,058 $105,800
    Agriculture operations loans - $250k-1MM 7 $1,316 $188,000