County National Bank Mortgage Rates, Fees & Info
Hillsdale, MILEI: 549300W07W12OUENKR02
Tax ID: 38-0650660
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Mortgage Data
Bank Data
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.09% | 11/21/24 |
| 30 Year Conventional Refi | 6.95% | 11/21/24 |
| 30 Year Cash-out Refi | 6.98% | 11/21/24 |
| 15 Year Conventional Purchase | 6.24% | 11/21/24 |
| 15 Year Conventional Refi | 6.37% | 11/21/24 |
| 15 Year Cash-out Refi | 6.37% | 11/21/24 |
| 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
714Origination Dollar Volume (All Markets)
$129,270,000Employee count
207Top 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% |
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.
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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
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
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
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
2021 saw County National Bank place emphasis on $100k-200k loans with 329 originations, totaling $45,805,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications91.43%
County National Bank has an average approval rate.
Pick Rate
Approvals leading to origination72.69%
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 |
LTV Distribution
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 |