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, Cash Out Refi, and Refi loans. County National Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Jackson, Hillsdale, Adrian, Battle Creek, and Ann Arbor among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)

    County National 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. 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.

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    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

    575

    Origination Dollar Volume (All Markets)

    $90,435,000

    Employee count

    195

    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) 233 $40,055,000 $171,910 $3,469 4.34%
    Hillsdale, MI (FHA|USDA|VA) 200 $23,710,000 $118,550 $2,845 4.23%
    Adrian, MI (FHA|USDA|VA) 56 $10,070,000 $179,821 $3,548 4.78%
    BATTLE CREEK, MI (FHA|USDA|VA) 24 $2,930,000 $122,083 $3,262 4.18%
    ANN ARBOR, MI (FHA|USDA|VA) 5 $1,615,000 $323,000 $4,220 3.75%
    Coldwater, MI (FHA|USDA|VA) 12 $1,510,000 $125,833 $3,014 4.21%
    Outside of Metro Areas 10 $1,500,000 $150,000 $3,851 4.24%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 10 $1,320,000 $132,000 $3,137 4.34%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $1,155,000 $385,000 $4,316 3.96%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $845,000 $281,667 $5,854 4.13%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $845,000 $845,000 $10,909 4.75%
    Georgetown, SC (FHA|USDA|VA) 1 $705,000 $705,000 $0 5.75%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $665,000 $665,000 $0 4.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $640,000 $320,000 $7,390 4.74%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $475,000 $475,000 $8,166 3.88%
    Moses Lake, WA (FHA|USDA|VA) 1 $365,000 $365,000 $4,606 4.38%
    Traverse City, MI (FHA|USDA|VA) 1 $365,000 $365,000 $0 4.50%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $350,000 $175,000 $3,664 3.56%
    Houghton, MI (FHA|USDA|VA) 1 $235,000 $235,000 $3,490 4.00%
    Big Rapids, MI (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.50%
    MONROE, MI (FHA|USDA|VA) 2 $220,000 $110,000 $2,201 3.88%
    Richmond, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,264 3.75%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $145,000 $145,000 $1,878 3.38%
    Fremont, OH (FHA|USDA|VA) 1 $135,000 $135,000 $4,830 4.00%
    Angola, IN (FHA|USDA|VA) 1 $125,000 $125,000 $1,931 4.38%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.89%
    County National Bank's top markets include Jackson, Hillsdale, Adrian, Battle Creek, and Ann Arbor among others.

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

    TLC COMMUNITY Credit Union
    Similarity Rank: 182
    OMNI Community Credit Union
    Similarity Rank: 192
    Kellogg Community Credit Union
    Similarity Rank: 224
    SUMMIT HOME MORTGAGE, LLC
    Similarity Rank: 320
    STAUNTON FINANCIAL, INC.
    Similarity Rank: 324
    DFCU FINANCIAL
    Similarity Rank: 336
    CONSUMERS
    Similarity Rank: 336
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION
    Similarity Rank: 429
    HOME MORTGAGE ASSURED CORPORATION
    Similarity Rank: 480
    Honor Credit Union
    Similarity Rank: 494

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 574 $90,330,000 $157,369 $3,273 4.32%
    USDA 1 $105,000 $105,000 $3,084 5.25%

    For 2019, County National Bank's most frequently originated type of loan was Conventional, with 574 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 303 $49,465,000 $163,251 $3,457 4.51%
    Cash Out Refi 165 $22,215,000 $134,636 $3,224 4.18%
    Refi 104 $18,520,000 $178,077 $2,884 4.01%
    Home Improvement 3 $235,000 $78,333 $2,279 5.01%

    For 2019, County National Bank's most frequently cited loan purpose was Home Purchase, with 303 originations. The 2nd most popular reason was Cash Out Refi, with 165 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 323 $51,255,000 $158,684 $3,284 4.29%
    15 Year 135 $18,255,000 $135,222 $2,707 3.92%
    20 Year 61 $10,595,000 $173,689 $3,707 4.69%
    10 Year 18 $1,760,000 $97,778 $2,359 4.05%
    30+ year 18 $4,770,000 $265,000 $6,682 5.72%
    Other 14 $2,810,000 $200,714 $3,757 5.41%
    1 Year 4 $690,000 $172,500 $0 5.81%
    3 Year 1 $215,000 $215,000 $0 5.50%
    5 Year 1 $85,000 $85,000 $0 5.89%

    For 2019, County National Bank's most frequently cited loan duration was 30 Year, with 323 originations. The 2nd most popular length was 15 Year, with 135 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 208 $23,490,000 $112,933
    $<1k 143 $20,055,000 $140,245
    $2k-3k 88 $15,300,000 $173,864
    $3k-4k 53 $11,635,000 $219,528
    $4k-5k 14 $5,040,000 $360,000
    $5k+ 11 $5,775,000 $525,000

    County National Bank's average total fees were $3,284, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 208 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 284 $46,030,000 $162,077
    4-5% 170 $26,750,000 $157,353
    5-6% 74 $11,750,000 $158,784
    6-7% 25 $3,205,000 $128,200
    2.5-3% 20 $2,550,000 $127,500
    7-8% 2 $150,000 $75,000

    During 2019, County National Bank's average interest rate for loans was 4.29%, while their most frequently originated rate bucket for loans was 3-4%, with 284 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 230 $32,430,000 $141,000 $3,160 4.24%
    $100,000 or less 209 $14,135,000 $67,632 $2,444 4.43%
    $200k-400k 114 $31,220,000 $273,860 $4,296 4.31%
    $400k-600k 14 $6,240,000 $445,714 $5,559 4.34%
    $600k-1MM 7 $5,205,000 $743,571 $9,752 4.38%
    $1MM+ 1 $1,205,000 $1,205,000 $15,604 4.00%

    2019 saw County National Bank place emphasis on $100k-200k loans with 230 originations, totaling $32,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 144 $12,630,000 $87,708 $2,577 4.35%
    $50k-75k 132 $16,290,000 $123,409 $3,006 4.18%
    $100k-150k 114 $21,450,000 $188,158 $3,568 4.16%
    $75k-100k 89 $13,925,000 $156,461 $3,427 4.49%
    $150k-250k 49 $14,305,000 $291,939 $4,594 4.04%
    $250k+ 17 $7,325,000 $430,882 $5,509 4.32%

    County National Bank lent most frequently to those with incomes in the $50k or less range, with 144 originations. The second most popular income band? $50k-75k, with 132 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 139 $22,385,000 $161,043 $3,324 4.11%
    30-36% 100 $14,620,000 $146,200 $3,092 4.26%
    <20% 72 $9,610,000 $133,472 $3,040 4.14%
    40% 21 $2,675,000 $127,381 $3,107 4.26%
    38% 21 $3,025,000 $144,048 $2,738 3.93%
    37% 19 $2,545,000 $133,947 $2,770 4.32%
    >60% 18 $4,550,000 $252,778 $6,353 5.11%
    39% 17 $2,975,000 $175,000 $3,482 4.02%
    50-60% 17 $3,075,000 $180,882 $3,456 4.25%
    36% 17 $2,875,000 $169,118 $3,388 4.09%
    42% 16 $2,160,000 $135,000 $3,196 4.09%
    41% 15 $2,395,000 $159,667 $3,421 4.48%
    44% 15 $2,375,000 $158,333 $3,381 4.51%
    43% 12 $2,110,000 $175,833 $3,214 4.58%
    46% 10 $1,520,000 $152,000 $3,504 4.48%
    48% 8 $1,520,000 $190,000 $3,785 4.41%
    49% 8 $2,220,000 $277,500 $3,409 4.21%
    45% 8 $1,180,000 $147,500 $2,871 4.25%
    47% 7 $1,335,000 $190,714 $3,985 4.40%

    County National Bank lent most frequently to those with DTI ratios of 20-30%, with 139 originations. The next most common DTI ratio? 30-36%, with 100 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 522 $81,770,000 $156,648 $3,273 4.26%
    Not provided 23 $3,675,000 $159,783 $3,077 4.21%
    Not applicable 25 $3,675,000 $147,000 $0 5.87%
    Asian 2 $490,000 $245,000 $4,195 4.13%
    American Indian 1 $335,000 $335,000 $6,325 5.25%
    Black 1 $265,000 $265,000 $3,605 4.00%
    Asian Indian 1 $225,000 $225,000 $2,511 4.75%

    Approval Rates

    Total approvals of all applications
    90.63%

    County National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.74%

    County National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 575 $90,435,000 $157,278

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $1,190,000 $198,333
    Single Family (1-4 Units):Manufactured 37 $3,445,000 $93,108
    Single Family (1-4 Units):Site-Built 532 $85,800,000 $161,278

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $4,695,000 $99,894 $2,505 4.48%
    40-60% 105 $12,965,000 $123,476 $2,516 4.18%
    60-80% 212 $37,270,000 $175,802 $3,554 4.34%
    80-100% 201 $33,875,000 $168,532 $3,466 4.35%
    Over 100% 3 $925,000 $308,333 $6,093 4.38%
    Under 20% 6 $430,000 $71,667 $2,171 4.40%

    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 $181,403
    Hillsdale County National Bank 105-109 West Main Street Homer, MI 49245 Full Service B&M $31,593
    Hillsdale County National Bank 112 Jonesville Street Litchfield, MI 49252 Full Service B&M $33,396
    Hillsdale County National Bank 119 West Main Street Spring Arbor, MI 49283 Full Service B&M $30,490
    Hillsdale County National Bank 125 West Main Street Hanover, MI 49241 Full Service B&M $20,288
    Hillsdale County National Bank 12641 East Chicago Road Somerset Center, MI 49282 Full Service B&M $26,216
    Hillsdale County National Bank 1380 South Main St Adrian, MI 49221 Full Service B&M $20,501
    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 $44,416
    Hillsdale County National Bank 1800 North Wisner Street Jackson, MI 49202 Full Service B&M $41,649
    Hillsdale County National Bank 215 S Jackson Street Jackson, MI 49201 Full Service B&M $92,075
    Hillsdale County National Bank 228 East Chicago Avenue Jonesville, MI 49250 Full Service B&M $47,992
    Hillsdale County National Bank 325 Railroad St Hudson, MI 49247 Full Service B&M $35,302

    For 2019, County National Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $32,202
    Net interest income $28,523
    Total noninterest income $7,573
    Gross Fiduciary activities income $1,232
    Service charges on deposit accounts $1,324
    Trading account gains and fees $0
    Additional Noninterest Income $5,017
    Pre-tax net operating income $12,003
    Securities gains (or losses, -) $131
    Income before extraordinary items $9,575
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,575
    Minority interest net income $0
    Net income $9,575
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,471

    County National Bank's gross interest income from loans was $32,202,000.
    County National Bank's net interest income from loans was $28,523,000.
    County National Bank's fee based income from loans was $1,324,000.
    County National Bank's net income from loans was $9,575,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,679
    Provision for credit losses $629
    Total noninterest expense $23,464
    Salaries and employee benefits $14,385
    Premises and equipment expense $3,174
    Additional noninterest expense $5,905
    Applicable income taxes $2,559
    Net charge-offs $209
    Cash dividends $4,241

    County National Bank's interest expense for loans was $3,679,000.
    County National Bank's payroll and benefits expense were $14,385,000.
    County National Bank's property, plant and equipment expenses $3,174,000.

    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 1.0%
    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 $651,729
    Deposits held in domestic offices $651,729
    Deposits by Individuals, partnerships, and corporations $546,814
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $101,498
    Deposits by Commercial banks and other depository institutions in U.S. $3,417
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $326,478
    Demand deposits $277,042
    Nontransaction accounts $325,251
    Money market deposit accounts (MMDAs) $73,548
    Other savings deposits (excluding MMDAs) $144,997
    Total time deposits $106,706
    Total time and savings deposits $374,687
    Noninterest-bearing deposits $162,356
    Interest-bearing deposits $489,373
    Retail deposits $612,838
    IRAs and Keogh plan accounts $12,701
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $736,752
    Cash & Balances due from depository institutions $61,714
    Interest-bearing balances $50,484
    Total securities $22,598
    Federal funds sold & reverse repurchase $0
    Net loans and leases $629,618
    Loan and leases loss allowance $7,489
    Trading account assets $0
    Bank premises and fixed assets $6,259
    Other real estate owned $142
    Goodwill and other intangibles $3,893
    All other assets $12,528

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $736,752
    Total Liabilities $666,635
    Total deposits $651,729
    Interest-bearing deposits $489,373
    Deposits held in domestic offices $651,729
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,750
    Subordinated debt $0
    All other liabilities $4,156

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $629,618
    Loan and leases loss allowance $7,489
    Total loans and leases (domestic) $637,107
    All real estate loans $459,059
    Real estate loans in domestic offices $459,059
    Construction and development loans $17,526
    Residential 1-4 family construction $4,250
    Other construction, all land development and other land $13,276
    Loans secured by nonfarm nonresidential properties $216,286
    Nonfarm nonresidential secured by owner-occupied properties $149,131
    Commercial real estate & other non-farm, non-residential $67,155
    Multifamily residential real estate $14,278
    1-4 family residential loans $198,901
    Farmland loans $12,068
    Loans held in foreign offices $0
    Farm loans $7,106
    Commercial and industrial loans $137,207
    To non-U.S. addressees $0
    Loans to individuals $32,200
    Credit card loans $0
    Related Plans $1,684
    Consumer Auto Loans $6,132
    Other loans to individuals $24,384
    All other loans & leases $1,535
    Loans to foreign governments and official institutions $0
    Other loans $169
    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 $2,866
    Non 1-4 family restructured loans & leases $638
    Total loans and leases (foreign) $0

    County National Bank had $629,618,000 of loans outstanding in 2019. $459,059,000 of loans were in real estate loans. $17,526,000 of loans were in development loans. $14,278,000 of loans were in multifamily mortgage loans. $198,901,000 of loans were in 1-4 family mortgage loans. $7,106,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,132,000 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 531 $102,812 $193,620
    Nonfarm, nonresidential loans - <$100k 155 $6,370 $41,097
    Nonfarm, nonresidential loans - $100-250k 198 $24,514 $123,808
    Nonfarm, nonresidential loans - $250k-1MM 178 $71,928 $404,090
    Commercial & Industrial, US addressed loans - <$1MM 880 $66,164 $75,186
    Commercial & Industrial, US addressed loans - <$100k 593 $15,678 $26,438
    Commercial & Industrial, US addressed loans - $100-250k 167 $15,264 $91,401
    Commercial & Industrial, US addressed loans - $250k-1MM 120 $35,222 $293,517
    Farmland loans - <$1MM 85 $9,712 $114,259
    Farmland loans - <$100k 43 $2,123 $49,372
    Farmland loans - $100-250k 28 $4,218 $150,643
    Farmland loans - $250k-1MM 14 $3,371 $240,786
    Agriculture operations loans - <$1MM 53 $2,397 $45,226
    Agriculture operations loans - <$100k 38 $718 $18,895
    Agriculture operations loans - $100-250k 12 $1,511 $125,917
    Agriculture operations loans - $250k-1MM 3 $168 $56,000