County National Bank Mortgage Rates, Fees & Info

Hillsdale, MI

LEI: 549300W07W12OUENKR02

Tax ID: 38-0650660

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Refi, and Cash Out 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, Ann Arbor, and Lansing among others. We have data for 31 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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    Originations

    714

    Origination Dollar Volume (All Markets)

    $129,270,000

    Employee count

    207

    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) 325 $60,595,000 $186,446 $3,464 3.22%
    Hillsdale, MI (FHA|USDA|VA) 223 $31,145,000 $139,664 $3,326 3.29%
    Adrian, MI (FHA|USDA|VA) 67 $12,705,000 $189,627 $3,588 3.34%
    Outside of Metro Areas 14 $2,610,000 $186,429 $2,771 3.27%
    ANN ARBOR, MI (FHA|USDA|VA) 7 $2,555,000 $365,000 $5,384 3.40%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 6 $2,420,000 $403,333 $5,151 3.46%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,995,000 $1,995,000 $0 3.84%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 8 $1,860,000 $232,500 $3,436 2.94%
    BATTLE CREEK, MI (FHA|USDA|VA) 17 $1,665,000 $97,941 $2,746 3.21%
    Traverse City, MI (FHA|USDA|VA) 6 $1,350,000 $225,000 $4,918 3.18%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $1,325,000 $441,667 $10,851 3.35%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 4 $1,180,000 $295,000 $4,575 3.09%
    Coldwater, MI (FHA|USDA|VA) 8 $1,090,000 $136,250 $3,518 3.38%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $885,000 $295,000 $6,345 3.25%
    Key West, FL (FHA|USDA|VA) 2 $880,000 $440,000 $7,162 3.50%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $715,000 $715,000 $0 3.99%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $555,000 $555,000 $0 3.49%
    FLINT, MI (FHA|USDA|VA) 1 $515,000 $515,000 $5,603 2.88%
    Angola, IN (FHA|USDA|VA) 3 $505,000 $168,333 $3,389 2.96%
    WILMINGTON, NC (FHA|USDA|VA) 1 $475,000 $475,000 $6,160 3.00%
    MONROE, MI (FHA|USDA|VA) 2 $340,000 $170,000 $2,801 3.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $305,000 $305,000 $8,540 3.75%
    Mount Pleasant, MI (FHA|USDA|VA) 2 $300,000 $150,000 $2,862 3.31%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $235,000 $235,000 $5,622 3.13%
    Big Rapids, MI (FHA|USDA|VA) 1 $235,000 $235,000 $2,627 3.38%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $225,000 $225,000 $4,999 4.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $205,000 $205,000 $4,574 3.00%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $125,000 $125,000 $2,011 3.00%
    TOLEDO, OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,135 3.50%
    NILES, MI (FHA|USDA|VA) 1 $95,000 $95,000 $3,748 3.38%
    Ludington, MI (FHA|USDA|VA) 1 $75,000 $75,000 $2,882 2.63%
    County National Bank's top markets include Jackson, Hillsdale, Adrian, Ann Arbor, and Lansing among others.

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

    KALSEE CREDIT UNION
    Similarity Rank: 120
    OAK MORTGAGE, LLC
    Similarity Rank: 300
    TLC COMMUNITY Credit Union
    Similarity Rank: 336
    Kellogg Community Credit Union
    Similarity Rank: 476
    BlueOx Credit Union
    Similarity Rank: 588
    OMNI Community Credit Union
    Similarity Rank: 672
    SUMMIT HOME MORTGAGE, LLC
    Similarity Rank: 741
    CONSUMERS
    Similarity Rank: 756
    Comerica Bank
    Similarity Rank: 762
    ARBOR FINANCIAL CREDIT UNION
    Similarity Rank: 1014

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 713 $129,125,000 $181,101 $3,492 3.26%
    USDA 1 $145,000 $145,000 $3,932 3.50%

    For 2021, County National Bank's most frequently originated type of loan was Conventional, with 713 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 275 $58,625,000 $213,182 $3,741 3.61%
    Refi 225 $37,575,000 $167,000 $2,978 2.99%
    Cash Out Refi 183 $28,625,000 $156,421 $3,742 3.05%
    Home Improvement 18 $1,930,000 $107,222 $3,026 3.37%
    Other 13 $2,515,000 $193,462 $4,130 3.27%

    For 2021, County National Bank's most frequently cited loan purpose was Home Purchase, with 275 originations. The 2nd most popular reason was Refi, with 225 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 365 $63,485,000 $173,932 $3,581 3.39%
    15 Year 203 $32,325,000 $159,236 $3,192 2.77%
    20 Year 85 $17,575,000 $206,765 $3,402 3.69%
    10 Year 35 $5,235,000 $149,571 $2,837 2.96%
    30+ year 14 $5,930,000 $423,571 $7,288 4.25%
    Other 11 $4,565,000 $415,000 $2,825 3.90%
    1 Year 1 $155,000 $155,000 $0 4.25%

    For 2021, County National Bank's most frequently cited loan duration was 30 Year, with 365 originations. The 2nd most popular length was 15 Year, with 203 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 244 $30,610,000 $125,451
    $<1k 159 $20,695,000 $130,157
    $2k-3k 128 $24,060,000 $187,969
    $3k-4k 64 $16,020,000 $250,313
    $4k-5k 29 $8,015,000 $276,379
    $5k+ 19 $8,755,000 $460,789

    County National Bank's average total fees were $3,581, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 244 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 297 $48,835,000 $164,428
    3-4% 293 $54,055,000 $184,488
    4-5% 85 $18,735,000 $220,412
    <2.5% 31 $6,725,000 $216,935
    5-6% 8 $920,000 $115,000

    During 2021, County National Bank's average interest rate for loans was 3.39%, while their most frequently originated rate bucket for loans was 2.5-3%, with 297 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 329 $45,805,000 $139,225 $3,219 3.23%
    $100,000 or less 188 $13,810,000 $73,457 $2,528 3.32%
    $200k-400k 153 $41,035,000 $268,203 $4,562 3.19%
    $400k-600k 32 $15,280,000 $477,500 $6,163 3.35%
    $600k-1MM 7 $4,605,000 $657,857 $8,832 3.41%
    $1MM+ 5 $8,735,000 $1,747,000 $12,257 3.95%

    2021 saw County National Bank place emphasis on $100k-200k loans with 329 originations, totaling $45,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 181 $18,935,000 $104,613 $2,735 3.30%
    $50k-75k 148 $20,060,000 $135,541 $3,215 3.22%
    $75k-100k 120 $18,870,000 $157,250 $3,480 3.27%
    $100k-150k 115 $23,515,000 $204,478 $3,964 3.28%
    $150k-250k 79 $22,145,000 $280,316 $4,424 3.06%
    $250k+ 29 $12,495,000 $430,862 $5,554 3.10%

    County National Bank lent most frequently to those with incomes in the $50k or less range, with 181 originations. The second most popular income band? $50k-75k, with 148 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 178 $30,900,000 $173,596 $3,399 3.13%
    30-36% 148 $24,900,000 $168,243 $3,424 3.20%
    <20% 91 $13,935,000 $153,132 $3,112 3.03%
    37% 31 $6,415,000 $206,935 $3,962 3.35%
    >60% 26 $5,420,000 $208,462 $4,251 3.99%
    38% 26 $4,800,000 $184,615 $3,606 3.14%
    36% 20 $2,920,000 $146,000 $3,386 3.28%
    41% 19 $3,675,000 $193,421 $3,656 3.24%
    39% 19 $4,335,000 $228,158 $4,625 3.18%
    44% 18 $3,070,000 $170,556 $4,057 3.15%
    50-60% 17 $3,055,000 $179,706 $3,808 3.89%
    43% 17 $2,985,000 $175,588 $3,746 3.13%
    42% 16 $2,730,000 $170,625 $3,659 3.33%
    40% 15 $2,165,000 $144,333 $3,140 3.12%
    47% 10 $1,630,000 $163,000 $3,209 3.18%
    48% 10 $1,480,000 $148,000 $3,512 3.29%
    45% 10 $1,820,000 $182,000 $3,946 3.78%
    49% 8 $1,370,000 $171,250 $3,596 2.73%
    46% 8 $1,030,000 $128,750 $2,572 3.47%

    County National Bank lent most frequently to those with DTI ratios of 20-30%, with 178 originations. The next most common DTI ratio? 30-36%, with 148 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 627 $108,655,000 $173,293 $3,483 3.23%
    Not applicable 25 $10,245,000 $409,800 $0 4.30%
    Not provided 47 $8,195,000 $174,362 $3,425 3.10%
    American Indian 5 $655,000 $131,000 $3,594 3.18%
    Black 5 $615,000 $123,000 $4,478 3.35%
    Asian 3 $565,000 $188,333 $4,320 3.04%
    Other Asian 1 $175,000 $175,000 $4,228 2.63%
    Filipino 1 $165,000 $165,000 $4,556 3.25%

    Approval Rates

    Total approvals of all applications
    91.43%

    County National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.69%

    County National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 714 $129,270,000 $181,050

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    714 $129,270,000 $181,050

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 52 $5,650,000 $108,654 $2,436 3.03%
    40-60% 169 $27,465,000 $162,515 $2,821 3.06%
    60-80% 283 $57,035,000 $201,537 $3,859 3.29%
    80-100% 205 $38,535,000 $187,976 $3,863 3.45%
    Over 100% 1 $155,000 $155,000 $3,744 3.25%
    Under 20% 4 $430,000 $107,500 $2,642 2.84%

    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 $237,991
    County National Bank 105-109 West Main Street Homer, MI 49245 Full Service B&M $47,459
    County National Bank 112 Jonesville Street Litchfield, MI 49252 Full Service B&M $45,681
    County National Bank 119 West Main Street Spring Arbor, MI 49283 Full Service B&M $59,078
    County National Bank 125 West Main Street Hanover, MI 49241 Full Service B&M $28,955
    County National Bank 12641 East Chicago Road Somerset Center, MI 49282 Full Service B&M $36,408
    County National Bank 1380 South Main St Adrian, MI 49221 Full Service B&M $52,524
    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 $77,396
    County National Bank 1800 North Wisner Street Jackson, MI 49202 Full Service B&M $67,359
    County National Bank 215 S Jackson Street Jackson, MI 49201 Full Service B&M $173,038
    County National Bank 228 East Chicago Avenue Jonesville, MI 49250 Full Service B&M $69,426
    County National Bank 325 Railroad St Hudson, MI 49247 Full Service B&M $51,674

    For 2021, County National Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $38,755
    Net interest income $36,123
    Total noninterest income $10,681
    Gross Fiduciary activities income $1,609
    Service charges on deposit accounts $1,021
    Trading account gains and fees $0
    Additional Noninterest Income $8,051
    Pre-tax net operating income $14,872
    Securities gains (or losses, -) $87
    Income before extraordinary items $11,902
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,902
    Minority interest net income $0
    Net income $11,902
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,832

    County National Bank's gross interest income from loans was $38,755,000.
    County National Bank's net interest income from loans was $36,123,000.
    County National Bank's fee based income from loans was $1,021,000.
    County National Bank's net income from loans was $11,902,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,632
    Provision for credit losses $1,255
    Total noninterest expense $30,677
    Salaries and employee benefits $18,361
    Premises and equipment expense $4,666
    Additional noninterest expense $7,650
    Applicable income taxes $3,057
    Net charge-offs $-5
    Cash dividends $4,630

    County National Bank's interest expense for loans was $2,632,000.
    County National Bank's payroll and benefits expense were $18,361,000.
    County National Bank's property, plant and equipment expenses $4,666,000.

    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 $1,046,860
    Deposits held in domestic offices $1,046,860
    Deposits by Individuals, partnerships, and corporations $901,865
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $142,296
    Deposits by Commercial banks and other depository institutions in U.S. $2,698
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $573,251
    Demand deposits $518,184
    Nontransaction accounts $473,609
    Money market deposit accounts (MMDAs) $122,537
    Other savings deposits (excluding MMDAs) $265,526
    Total time deposits $85,547
    Total time and savings deposits $528,676
    Noninterest-bearing deposits $268,858
    Interest-bearing deposits $778,002
    Retail deposits $1,017,579
    IRAs and Keogh plan accounts $12,723
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,148,854
    Cash & Balances due from depository institutions $250,228
    Interest-bearing balances $237,170
    Total securities $66,318
    Federal funds sold & reverse repurchase $0
    Net loans and leases $792,328
    Loan and leases loss allowance $11,765
    Trading account assets $0
    Bank premises and fixed assets $10,554
    Other real estate owned $570
    Goodwill and other intangibles $4,368
    All other assets $24,488

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,148,854
    Total Liabilities $1,062,420
    Total deposits $1,046,860
    Interest-bearing deposits $778,002
    Deposits held in domestic offices $1,046,860
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $9,000
    Subordinated debt $0
    All other liabilities $6,560

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $792,328
    Loan and leases loss allowance $11,765
    Total loans and leases (domestic) $804,093
    All real estate loans $549,930
    Real estate loans in domestic offices $549,930
    Construction and development loans $18,282
    Residential 1-4 family construction $7,095
    Other construction, all land development and other land $11,187
    Loans secured by nonfarm nonresidential properties $262,282
    Nonfarm nonresidential secured by owner-occupied properties $181,894
    Commercial real estate & other non-farm, non-residential $80,388
    Multifamily residential real estate $13,405
    1-4 family residential loans $241,082
    Farmland loans $14,879
    Loans held in foreign offices $0
    Farm loans $10,141
    Commercial and industrial loans $206,104
    To non-U.S. addressees $0
    Loans to individuals $36,606
    Credit card loans $0
    Related Plans $2,788
    Consumer Auto Loans $5,129
    Other loans to individuals $28,689
    All other loans & leases $1,312
    Loans to foreign governments and official institutions $0
    Other loans $186
    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 $2,100
    Non 1-4 family restructured loans & leases $577
    Total loans and leases (foreign) $0

    County National Bank had $792,328,000 of loans outstanding in 2021. $549,930,000 of loans were in real estate loans. $18,282,000 of loans were in development loans. $13,405,000 of loans were in multifamily mortgage loans. $241,082,000 of loans were in 1-4 family mortgage loans. $10,141,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,129,000 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 532 $104,231 $195,923
    Nonfarm, nonresidential loans - <$100k 141 $5,390 $38,227
    Nonfarm, nonresidential loans - $100-250k 196 $22,777 $116,209
    Nonfarm, nonresidential loans - $250k-1MM 195 $76,064 $390,072
    Commercial & Industrial, US addressed loans - <$1MM 935 $80,938 $86,565
    Commercial & Industrial, US addressed loans - <$100k 557 $13,177 $23,657
    Commercial & Industrial, US addressed loans - $100-250k 209 $20,431 $97,756
    Commercial & Industrial, US addressed loans - $250k-1MM 169 $47,330 $280,059
    Farmland loans - <$1MM 79 $9,849 $124,671
    Farmland loans - <$100k 29 $1,254 $43,241
    Farmland loans - $100-250k 35 $4,717 $134,771
    Farmland loans - $250k-1MM 15 $3,878 $258,533
    Agriculture operations loans - <$1MM 56 $2,891 $51,625
    Agriculture operations loans - <$100k 39 $830 $21,282
    Agriculture operations loans - $100-250k 10 $1,153 $115,300
    Agriculture operations loans - $250k-1MM 7 $908 $129,714