Miami Savings Bank Mortgage Rates, Fees & Info

Hamilton, OH

LEI: 549300XZNW8Y7BOTQ597

Tax ID: 31-0375911

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

Jump to:

Mortgage Data

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

    Miami Savings Bank is a smaller bank specializing in Home Purchase loans. Miami Savings Bank has a high proportion of conventional loans. Their top (well, only) market is Cincinnati.

    Miami Savings 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.

    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.


    Originations

    61

    Origination Dollar Volume (All Markets)

    $11,965,000

    Employee count

    23

    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
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 59 $11,505,000 $195,000 $0 0.00%
    Outside of Metro Areas 2 $460,000 $230,000 $0 0.00%
    Miami Savings Bank's top markets include and Cincinnati among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 61 $11,965,000 $196,148 $0 0.00%

    For 2019, Miami Savings Bank's most frequently originated type of loan was Conventional, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 41 $8,105,000 $197,683 $0 0.00%
    Refi 11 $2,085,000 $189,545 $0 0.00%
    Cash Out Refi 8 $1,760,000 $220,000 $0 0.00%
    Other 1 $15,000 $15,000 $0 0.00%

    For 2019, Miami Savings Bank's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 61 $11,965,000 $196,148 $0 0.00%

    For 2019, Miami Savings Bank's most frequently cited loan duration was Other, with 61 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 21 $5,985,000 $285,000 $0 0.00%
    $100k-200k 19 $2,835,000 $149,211 $0 0.00%
    $100,000 or less 16 $950,000 $59,375 $0 0.00%
    $400k-600k 5 $2,195,000 $439,000 $0 0.00%

    2019 saw Miami Savings Bank place emphasis on $200k-400k loans with 21 originations, totaling $5,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 17 $3,865,000 $227,353 $0 0.00%
    $50k-75k 12 $1,670,000 $139,167 $0 0.00%
    $150k-250k 9 $2,845,000 $316,111 $0 0.00%
    $75k-100k 8 $1,640,000 $205,000 $0 0.00%
    $50k or less 7 $745,000 $106,429 $0 0.00%
    $250k+ 6 $980,000 $163,333 $0 0.00%

    Miami Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $50k-75k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 61 $11,965,000 $196,148 $0 0.00%

    Miami Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 61 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 58 $11,520,000 $198,621 $0 0.00%
    Not provided 2 $320,000 $160,000 $0 0.00%
    Not applicable 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Miami Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    88.52%

    Miami Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 61 $11,965,000 $196,148

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 60 $11,840,000 $197,333

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Miami Savings Bank 444 South State Street Harrison, OH 45030 Full Service B&M $16,704
    Miami Savings Bank 475 Mcguffey Avenue Oxford, OH 45056 Full Service B&M $10,564
    Miami Savings Bank 8008 Ferry Street Miamitown, OH 45041 Full Service B&M $76,375

    For 2019, Miami Savings Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,188
    Net interest income $4,210
    Total noninterest income $345
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $32
    Trading account gains and fees $0
    Additional Noninterest Income $313
    Pre-tax net operating income $1,761
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,419
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,419
    Minority interest net income $0
    Net income $1,419
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,419

    Miami Savings Bank's gross interest income from loans was $5,188,000.
    Miami Savings Bank's net interest income from loans was $4,210,000.
    Miami Savings Bank's fee based income from loans was $32,000.
    Miami Savings Bank's net income from loans was $1,419,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $978
    Provision for credit losses $6
    Total noninterest expense $2,788
    Salaries and employee benefits $1,657
    Premises and equipment expense $283
    Additional noninterest expense $848
    Applicable income taxes $342
    Net charge-offs $41
    Cash dividends $0

    Miami Savings Bank's interest expense for loans was $978,000.
    Miami Savings Bank's payroll and benefits expense were $1,657,000.
    Miami Savings Bank's property, plant and equipment expenses $283,000.

    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 1.0%
    HELOC loans 2.0%
    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 $106,793
    Deposits held in domestic offices $106,793
    Deposits by Individuals, partnerships, and corporations $106,088
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $705
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $30,468
    Demand deposits $22,303
    Nontransaction accounts $76,325
    Money market deposit accounts (MMDAs) $1,900
    Other savings deposits (excluding MMDAs) $21,414
    Total time deposits $53,011
    Total time and savings deposits $84,490
    Noninterest-bearing deposits $22,303
    Interest-bearing deposits $84,490
    Retail deposits $92,722
    IRAs and Keogh plan accounts $7,136
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $129,517
    Cash & Balances due from depository institutions $15,054
    Interest-bearing balances $14,362
    Total securities $9,425
    Federal funds sold & reverse repurchase $0
    Net loans and leases $98,160
    Loan and leases loss allowance $1,151
    Trading account assets $0
    Bank premises and fixed assets $670
    Other real estate owned $305
    Goodwill and other intangibles $282
    All other assets $5,621

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $129,517
    Total Liabilities $108,037
    Total deposits $106,793
    Interest-bearing deposits $84,490
    Deposits held in domestic offices $106,793
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,244

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $98,160
    Loan and leases loss allowance $1,151
    Total loans and leases (domestic) $99,311
    All real estate loans $93,143
    Real estate loans in domestic offices $93,143
    Construction and development loans $8,160
    Residential 1-4 family construction $3,635
    Other construction, all land development and other land $4,525
    Loans secured by nonfarm nonresidential properties $24,559
    Nonfarm nonresidential secured by owner-occupied properties $19,983
    Commercial real estate & other non-farm, non-residential $4,576
    Multifamily residential real estate $5,883
    1-4 family residential loans $53,026
    Farmland loans $1,515
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $5,753
    To non-U.S. addressees $0
    Loans to individuals $415
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $348
    Other loans to individuals $67
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Miami Savings Bank had $98,160,000 of loans outstanding in 2019. $93,143,000 of loans were in real estate loans. $8,160,000 of loans were in development loans. $5,883,000 of loans were in multifamily mortgage loans. $53,026,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $348,000 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 114 $19,967 $175,149
    Nonfarm, nonresidential loans - <$100k 24 $1,251 $52,125
    Nonfarm, nonresidential loans - $100-250k 54 $6,735 $124,722
    Nonfarm, nonresidential loans - $250k-1MM 36 $11,981 $332,806
    Commercial & Industrial, US addressed loans - <$1MM 60 $3,511 $58,517
    Commercial & Industrial, US addressed loans - <$100k 40 $989 $24,725
    Commercial & Industrial, US addressed loans - $100-250k 9 $995 $110,556
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $1,527 $138,818
    Farmland loans - <$1MM 1 $168 $168,000
    Farmland loans - $250k-1MM 1 $168 $168,000