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

Review & Overview

County National Bank is a smaller bank specializing in Refi, Cash Out Refi, and Home Purchase 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, Detroit, and Battle Creek among others. We have data for 27 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

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

Originations

892

Origination Dollar Volume (All Markets)

$152,480,000

Employee count

197

Awards

County National Bank 30 Year Conventional Loans bronze

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)	412	$74,830,000	$181,626	$3,213	3.11%
Hillsdale, MI (FHA\|USDA\|VA)	258	$34,990,000	$135,620	$2,934	3.16%
Adrian, MI (FHA\|USDA\|VA)	97	$18,885,000	$194,691	$3,321	3.12%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	18	$4,500,000	$250,000	$3,327	3.05%
BATTLE CREEK, MI (FHA\|USDA\|VA)	28	$4,180,000	$149,286	$3,194	3.09%
ANN ARBOR, MI (FHA\|USDA\|VA)	13	$2,935,000	$225,769	$3,132	2.94%
Outside of Metro Areas	14	$2,320,000	$165,714	$3,303	3.05%
LANSING-EAST LANSING, MI (FHA\|USDA\|VA)	13	$1,675,000	$128,846	$2,930	3.49%
Traverse City, MI (FHA\|USDA\|VA)	3	$1,555,000	$518,333	$6,422	3.92%
Coldwater, MI (FHA\|USDA\|VA)	13	$1,465,000	$112,692	$2,676	3.20%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	3	$985,000	$328,333	$4,495	2.96%
TOLEDO, OH (FHA\|USDA\|VA)	2	$530,000	$265,000	$2,271	2.63%
GRAND RAPIDS-KENTWOOD, MI (FHA\|USDA\|VA)	3	$495,000	$165,000	$2,959	3.42%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	1	$415,000	$415,000	$5,470	3.75%
MIDLAND, MI (FHA\|USDA\|VA)	1	$365,000	$365,000	$4,431	3.50%
Moses Lake, WA (FHA\|USDA\|VA)	1	$365,000	$365,000	$4,733	3.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$345,000	$345,000	$9,980	3.63%
COLUMBUS, OH (FHA\|USDA\|VA)	1	$335,000	$335,000	$5,689	1.90%
THE VILLAGES, FL (FHA\|USDA\|VA)	1	$195,000	$195,000	$0	3.13%
MONROE, MI (FHA\|USDA\|VA)	1	$195,000	$195,000	$2,285	2.63%
Sturgis, MI (FHA\|USDA\|VA)	2	$170,000	$85,000	$2,123	3.25%
Sault Ste. Marie, MI (FHA\|USDA\|VA)	1	$165,000	$165,000	$4,338	3.25%
SAGINAW, MI (FHA\|USDA\|VA)	1	$155,000	$155,000	$2,554	2.50%
Angola, IN (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,113	2.63%
KALAMAZOO-PORTAGE, MI (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,428	3.38%
Big Rapids, MI (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	4.25%
Van Wert, OH (FHA\|USDA\|VA)	1	$55,000	$55,000	$2,543	3.00%

County National Bank's top markets include Jackson, Hillsdale, Adrian, Detroit, and Battle Creek among others.

Their top states include:

Michigan (FHA|USDA|VA)

Georgia (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Ohio (FHA|USDA|VA)

Washington (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.

BlueOx Credit Union
Similarity Rank: 40

Kellogg Community Credit Union
Similarity Rank: 204

OMNI Community Credit Union
Similarity Rank: 304

First State Bank
Similarity Rank: 374

CONSUMERS
Similarity Rank: 560

SUMMIT HOME MORTGAGE, LLC
Similarity Rank: 592

TLC COMMUNITY Credit Union
Similarity Rank: 680

Honor Credit Union
Similarity Rank: 684

OAK MORTGAGE, LLC
Similarity Rank: 700

STAUNTON FINANCIAL, INC.
Similarity Rank: 966

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	890	$152,170,000	$170,978	$3,150	3.13%
USDA	2	$310,000	$155,000	$4,115	3.25%

For 2020, County National Bank's most frequently originated type of loan was Conventional, with 890 originations. Their 2nd most popular type was USDA, with 2 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	348	$58,860,000	$169,138	$2,473	3.02%
Cash Out Refi	307	$51,195,000	$166,759	$3,664	3.08%
Home Purchase	237	$42,425,000	$179,008	$3,502	3.36%

For 2020, County National Bank's most frequently cited loan purpose was Refi, with 348 originations. The 2nd most popular reason was Cash Out Refi, with 307 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	401	$70,245,000	$175,175	$3,365	3.31%
15 Year	315	$49,915,000	$158,460	$2,761	2.79%
20 Year	103	$17,435,000	$169,272	$3,280	3.35%
10 Year	40	$5,620,000	$140,500	$2,537	3.03%
Other	17	$3,755,000	$220,882	$2,617	3.06%
30+ year	16	$5,510,000	$344,375	$6,713	4.34%

For 2020, County National Bank's most frequently cited loan duration was 30 Year, with 401 originations. The 2nd most popular length was 15 Year, with 315 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	337	$47,635,000	$141,350
$<1k	266	$37,510,000	$141,015
$2k-3k	155	$29,195,000	$188,355
$3k-4k	61	$15,045,000	$246,639
$4k-5k	31	$8,455,000	$272,742
$5k+	21	$9,805,000	$466,905

County National Bank's average total fees were $3,365, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 337 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
2.5-3%	494	$81,890,000	$165,769
3-4%	299	$53,475,000	$178,846
4-5%	46	$9,090,000	$197,609
<2.5%	33	$5,935,000	$179,848
5-6%	18	$1,820,000	$101,111
6-7%	2	$270,000	$135,000

During 2020, County National Bank's average interest rate for loans was 3.31%, while their most frequently originated rate bucket for loans was 2.5-3%, with 494 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	411	$59,505,000	$144,781	$2,904	3.08%
$100,000 or less	224	$16,140,000	$72,054	$2,335	3.20%
$200k-400k	223	$58,145,000	$260,740	$3,912	3.14%
$400k-600k	26	$12,830,000	$493,462	$6,139	3.13%
$600k-1MM	8	$5,860,000	$732,500	$10,030	3.59%

2020 saw County National Bank place emphasis on $100k-200k loans with 411 originations, totaling $59,505,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	213	$27,795,000	$130,493	$2,965	3.17%
$100k-150k	188	$35,830,000	$190,585	$3,246	3.06%
$50k or less	181	$17,935,000	$99,088	$2,589	3.31%
$75k-100k	158	$27,070,000	$171,329	$3,076	3.07%
$150k-250k	93	$25,095,000	$269,839	$3,810	2.99%
$250k+	36	$14,830,000	$411,944	$5,508	3.05%

County National Bank lent most frequently to those with incomes in the $50k-75k range, with 213 originations. The second most popular income band? $100k-150k, with 188 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	276	$47,970,000	$173,804	$3,083	3.05%
30-36%	172	$29,800,000	$173,256	$3,123	3.10%
<20%	122	$19,540,000	$160,164	$2,815	2.97%
42%	32	$4,870,000	$152,188	$3,582	3.28%
36%	31	$5,505,000	$177,581	$3,181	3.19%
38%	28	$4,800,000	$171,429	$3,104	3.25%
43%	23	$3,685,000	$160,217	$2,946	3.16%
39%	22	$4,440,000	$201,818	$3,963	3.34%
37%	22	$3,050,000	$138,636	$2,880	3.22%
41%	22	$3,590,000	$163,182	$3,244	3.26%
44%	21	$3,505,000	$166,905	$3,732	3.24%
40%	20	$3,570,000	$178,500	$3,249	3.34%
50-60%	18	$3,050,000	$169,444	$3,712	3.30%
45%	18	$2,690,000	$149,444	$3,530	3.19%
46%	17	$2,785,000	$163,824	$2,685	3.29%
>60%	14	$3,050,000	$217,857	$4,630	3.68%
48%	10	$1,580,000	$158,000	$3,064	3.01%
49%	9	$1,905,000	$211,667	$4,080	3.04%
47%	8	$1,480,000	$185,000	$3,146	3.19%

County National Bank lent most frequently to those with DTI ratios of 20-30%, with 276 originations. The next most common DTI ratio? 30-36%, with 172 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	822	$138,060,000	$167,956	$3,144	3.13%
Not provided	48	$9,650,000	$201,042	$3,136	2.98%
Black	10	$2,110,000	$211,000	$4,059	3.11%
Not applicable	6	$1,510,000	$251,667	$2,806	4.73%
Asian	5	$1,055,000	$211,000	$3,010	3.08%
American Indian	1	$95,000	$95,000	$3,110	3.00%

Approval Rates

Total approvals of all applications
90.90%

County National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
68.61%

County National Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	892	$152,480,000	$170,942

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Manufactured	24	$2,350,000	$97,917
Single Family (1-4 Units):Site-Built	868	$150,130,000	$172,961

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	68	$7,590,000	$111,618	$2,316	2.99%
40-60%	177	$26,805,000	$151,441	$2,500	3.02%
60-80%	415	$76,095,000	$183,361	$3,359	3.11%
80-100%	225	$41,405,000	$184,022	$3,568	3.32%
Under 20%	7	$585,000	$83,571	$2,237	2.77%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
County National Bank	1 South Howell Street Hillsdale, MI 49242	Full Service B&M	$236,822
County National Bank	105-109 West Main Street Homer, MI 49245	Full Service B&M	$39,456
County National Bank	112 Jonesville Street Litchfield, MI 49252	Full Service B&M	$37,927
County National Bank	119 West Main Street Spring Arbor, MI 49283	Full Service B&M	$47,030
County National Bank	125 West Main Street Hanover, MI 49241	Full Service B&M	$25,151
County National Bank	12641 East Chicago Road Somerset Center, MI 49282	Full Service B&M	$32,619
County National Bank	1380 South Main St Adrian, MI 49221	Full Service B&M	$42,014
County National Bank	150 Lewis Street Hillsdale, MI 49242	Limited, Drive-thru	$0
County National Bank	1523 Horton Rd Jackson, MI 49203	Full Service B&M	$70,107
County National Bank	1800 North Wisner Street Jackson, MI 49202	Full Service B&M	$65,413
County National Bank	215 S Jackson Street Jackson, MI 49201	Full Service B&M	$147,005
County National Bank	228 East Chicago Avenue Jonesville, MI 49250	Full Service B&M	$60,897
County National Bank	325 Railroad St Hudson, MI 49247	Full Service B&M	$46,149

For 2020, County National Bank had 13 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$35,588
Net interest income	$32,103
Total noninterest income	$11,059
Gross Fiduciary activities income	$1,268
Service charges on deposit accounts	$998
Trading account gains and fees	$0
Additional Noninterest Income	$8,793
Pre-tax net operating income	$13,346
Securities gains (or losses, -)	$-103
Income before extraordinary items	$10,550
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$10,550
Minority interest net income	$0
Net income	$10,550
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$10,632

County National Bank's gross interest income from loans was $35,588,000.
County National Bank's net interest income from loans was $32,103,000.
County National Bank's fee based income from loans was $998,000.
County National Bank's net income from loans was $10,550,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,485
Provision for credit losses	$3,109
Total noninterest expense	$26,707
Salaries and employee benefits	$16,250
Premises and equipment expense	$3,948
Additional noninterest expense	$6,509
Applicable income taxes	$2,693
Net charge-offs	$93
Cash dividends	$3,464

County National Bank's interest expense for loans was $3,485,000.
County National Bank's payroll and benefits expense were $16,250,000.
County National Bank's property, plant and equipment expenses $3,948,000.

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	$842,106
Deposits held in domestic offices	$842,106
Deposits by Individuals, partnerships, and corporations	$758,662
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$80,497
Deposits by Commercial banks and other depository institutions in U.S.	$2,947
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$468,055
Demand deposits	$412,549
Nontransaction accounts	$374,051
Money market deposit accounts (MMDAs)	$86,904
Other savings deposits (excluding MMDAs)	$188,018
Total time deposits	$99,128
Total time and savings deposits	$429,557
Noninterest-bearing deposits	$231,294
Interest-bearing deposits	$610,812
Retail deposits	$808,059
IRAs and Keogh plan accounts	$12,886
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$937,954
Cash & Balances due from depository institutions	$100,374
Interest-bearing balances	$88,012
Total securities	$26,665
Federal funds sold & reverse repurchase	$0
Net loans and leases	$784,026
Loan and leases loss allowance	$10,505
Trading account assets	$0
Bank premises and fixed assets	$8,075
Other real estate owned	$0
Goodwill and other intangibles	$4,308
All other assets	$14,506

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$937,954
Total Liabilities	$859,001
Total deposits	$842,106
Interest-bearing deposits	$610,812
Deposits held in domestic offices	$842,106
% insured (estimated)	$70
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$12,000
Subordinated debt	$0
All other liabilities	$4,895

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$784,026
Loan and leases loss allowance	$10,505
Total loans and leases (domestic)	$794,531
All real estate loans	$492,303
Real estate loans in domestic offices	$492,303
Construction and development loans	$21,139
Residential 1-4 family construction	$6,411
Other construction, all land development and other land	$14,728
Loans secured by nonfarm nonresidential properties	$227,193
Nonfarm nonresidential secured by owner-occupied properties	$153,066
Commercial real estate & other non-farm, non-residential	$74,127
Multifamily residential real estate	$13,446
1-4 family residential loans	$220,344
Farmland loans	$10,181
Loans held in foreign offices	$0
Farm loans	$8,531
Commercial and industrial loans	$257,927
To non-U.S. addressees	$0
Loans to individuals	$34,653
Credit card loans	$0
Related Plans	$2,855
Consumer Auto Loans	$5,801
Other loans to individuals	$25,997
All other loans & leases	$1,117
Loans to foreign governments and official institutions	$0
Other loans	$35
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	$2,221
Non 1-4 family restructured loans & leases	$609
Total loans and leases (foreign)	$0

County National Bank had $784,026,000 of loans outstanding in 2020. $492,303,000 of loans were in real estate loans. $21,139,000 of loans were in development loans. $13,446,000 of loans were in multifamily mortgage loans. $220,344,000 of loans were in 1-4 family mortgage loans. $8,531,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,801,000 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	527	$100,452	$190,611
Nonfarm, nonresidential loans - <$100k	154	$6,187	$40,175
Nonfarm, nonresidential loans - $100-250k	190	$22,495	$118,395
Nonfarm, nonresidential loans - $250k-1MM	183	$71,770	$392,186
Commercial & Industrial, US addressed loans - <$1MM	912	$69,208	$75,886
Commercial & Industrial, US addressed loans - <$100k	589	$14,815	$25,153
Commercial & Industrial, US addressed loans - $100-250k	187	$17,382	$92,952
Commercial & Industrial, US addressed loans - $250k-1MM	136	$37,011	$272,140
Farmland loans - <$1MM	75	$8,272	$110,293
Farmland loans - <$100k	31	$1,334	$43,032
Farmland loans - $100-250k	32	$4,311	$134,719
Farmland loans - $250k-1MM	12	$2,627	$218,917
Agriculture operations loans - <$1MM	57	$2,952	$51,789
Agriculture operations loans - <$100k	40	$878	$21,950
Agriculture operations loans - $100-250k	13	$1,485	$114,231
Agriculture operations loans - $250k-1MM	4	$589	$147,250