Miami Savings Bank Mortgage Rates, Fees & Info

Hamilton, OH

LEI: 549300XZNW8Y7BOTQ597

Tax ID: 31-0375911

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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 Refi, Cash Out Refi, and 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 an above 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.

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    Originations

    175

    Origination Dollar Volume (All Markets)

    $38,095,000

    Employee count

    21

    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) 174 $37,870,000 $217,644 $0 0.00%
    Outside of Metro Areas 1 $225,000 $225,000 $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)
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 175 $38,095,000 $217,686 $0 0.00%

    For 2020, Miami Savings Bank's most frequently originated type of loan was Conventional, with 175 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 85 $19,225,000 $226,176 $0 0.00%
    Cash Out Refi 48 $10,420,000 $217,083 $0 0.00%
    Home Purchase 41 $8,445,000 $205,976 $0 0.00%
    Home Improvement 1 $5,000 $5,000 $0 0.00%

    For 2020, Miami Savings Bank's most frequently cited loan purpose was Refi, with 85 originations. The 2nd most popular reason was Cash Out Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 175 $38,095,000 $217,686 $0 0.00%

    For 2020, Miami Savings Bank's most frequently cited loan duration was Other, with 175 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 71 $10,725,000 $151,056 $0 0.00%
    $200k-400k 69 $18,955,000 $274,710 $0 0.00%
    $100,000 or less 22 $1,660,000 $75,455 $0 0.00%
    $400k-600k 11 $4,985,000 $453,182 $0 0.00%
    $600k-1MM 2 $1,770,000 $885,000 $0 0.00%

    2020 saw Miami Savings Bank place emphasis on $100k-200k loans with 71 originations, totaling $10,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 66 $14,940,000 $226,364 $0 0.00%
    $150k-250k 34 $10,010,000 $294,412 $0 0.00%
    $50k-75k 24 $3,460,000 $144,167 $0 0.00%
    $75k-100k 20 $3,070,000 $153,500 $0 0.00%
    $50k or less 17 $1,805,000 $106,176 $0 0.00%
    $250k+ 13 $4,755,000 $365,769 $0 0.00%

    Miami Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 66 originations. The second most popular income band? $150k-250k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 175 $38,095,000 $217,686 $0 0.00%

    Miami Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 175 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 163 $35,375,000 $217,025 $0 0.00%
    Not provided 9 $2,345,000 $260,556 $0 0.00%
    Black 1 $195,000 $195,000 $0 0.00%
    American Indian 1 $125,000 $125,000 $0 0.00%
    Not applicable 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.38%

    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
    93.71%

    Miami Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 175 $38,095,000 $217,686

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 175 $38,095,000 $217,686

    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 $19,388
    Miami Savings Bank 475 Mcguffey Avenue Oxford, OH 45056 Full Service B&M $9,849
    Miami Savings Bank 8008 Ferry Street Miamitown, OH 45041 Full Service B&M $86,118

    For 2020, Miami Savings Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,468
    Net interest income $3,612
    Total noninterest income $772
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $44
    Trading account gains and fees $0
    Additional Noninterest Income $728
    Pre-tax net operating income $1,554
    Securities gains (or losses, -) $12
    Income before extraordinary items $1,266
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,266
    Minority interest net income $0
    Net income $1,266
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,256

    Miami Savings Bank's gross interest income from loans was $4,468,000.
    Miami Savings Bank's net interest income from loans was $3,612,000.
    Miami Savings Bank's fee based income from loans was $44,000.
    Miami Savings Bank's net income from loans was $1,266,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $856
    Provision for credit losses $21
    Total noninterest expense $2,809
    Salaries and employee benefits $1,601
    Premises and equipment expense $300
    Additional noninterest expense $908
    Applicable income taxes $300
    Net charge-offs $-17
    Cash dividends $0

    Miami Savings Bank's interest expense for loans was $856,000.
    Miami Savings Bank's payroll and benefits expense were $1,601,000.
    Miami Savings Bank's property, plant and equipment expenses $300,000.

    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 4.0%
    Credit card loans 0.0%
    Other individual loans 4.0%
    Auto loans 0.0%
    Other consumer loans 22.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $119,518
    Deposits held in domestic offices $119,518
    Deposits by Individuals, partnerships, and corporations $118,751
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $767
    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 $42,958
    Demand deposits $34,864
    Nontransaction accounts $76,560
    Money market deposit accounts (MMDAs) $6,470
    Other savings deposits (excluding MMDAs) $22,664
    Total time deposits $47,425
    Total time and savings deposits $84,654
    Noninterest-bearing deposits $35,614
    Interest-bearing deposits $83,904
    Retail deposits $107,164
    IRAs and Keogh plan accounts $6,692
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $143,477
    Cash & Balances due from depository institutions $49,595
    Interest-bearing balances $46,706
    Total securities $1,100
    Federal funds sold & reverse repurchase $0
    Net loans and leases $86,272
    Loan and leases loss allowance $1,189
    Trading account assets $0
    Bank premises and fixed assets $609
    Other real estate owned $0
    Goodwill and other intangibles $186
    All other assets $5,715

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $143,477
    Total Liabilities $120,731
    Total deposits $119,518
    Interest-bearing deposits $83,904
    Deposits held in domestic offices $119,518
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,213

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $86,272
    Loan and leases loss allowance $1,189
    Total loans and leases (domestic) $87,461
    All real estate loans $82,077
    Real estate loans in domestic offices $82,077
    Construction and development loans $4,976
    Residential 1-4 family construction $2,045
    Other construction, all land development and other land $2,931
    Loans secured by nonfarm nonresidential properties $22,062
    Nonfarm nonresidential secured by owner-occupied properties $17,694
    Commercial real estate & other non-farm, non-residential $4,368
    Multifamily residential real estate $2,075
    1-4 family residential loans $51,547
    Farmland loans $1,417
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $5,032
    To non-U.S. addressees $0
    Loans to individuals $352
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $282
    Other loans to individuals $70
    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 $116
    Non 1-4 family restructured loans & leases $116
    Total loans and leases (foreign) $0

    Miami Savings Bank had $86,272,000 of loans outstanding in 2020. $82,077,000 of loans were in real estate loans. $4,976,000 of loans were in development loans. $2,075,000 of loans were in multifamily mortgage loans. $51,547,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $282,000 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 112 $18,311 $163,491
    Nonfarm, nonresidential loans - <$100k 25 $1,254 $50,160
    Nonfarm, nonresidential loans - $100-250k 51 $5,998 $117,608
    Nonfarm, nonresidential loans - $250k-1MM 36 $11,059 $307,194
    Commercial & Industrial, US addressed loans - <$1MM 93 $3,944 $42,409
    Commercial & Industrial, US addressed loans - <$100k 71 $1,430 $20,141
    Commercial & Industrial, US addressed loans - $100-250k 10 $601 $60,100
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $1,913 $159,417
    Farmland loans - <$1MM 1 $151 $151,000
    Farmland loans - $250k-1MM 1 $151 $151,000