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

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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 two markets are Cincinnati and Greensburg .

    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

    125

    Origination Dollar Volume (All Markets)

    $27,965,000

    Employee count

    22

    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) 122 $27,240,000 $223,279 $0 0.00%
    Outside of Metro Areas 2 $500,000 $250,000 $0 0.00%
    Greensburg, IN (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Miami Savings Bank's top markets include Cincinnati and Greensburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 125 $27,965,000 $223,720 $0 0.00%

    For 2021, Miami Savings Bank's most frequently originated type of loan was Conventional, with 125 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 60 $11,910,000 $198,500 $0 0.00%
    Cash Out Refi 35 $8,065,000 $230,429 $0 0.00%
    Home Purchase 30 $7,990,000 $266,333 $0 0.00%

    For 2021, Miami Savings Bank's most frequently cited loan purpose was Refi, with 60 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 125 $27,965,000 $223,720 $0 0.00%

    For 2021, Miami Savings Bank's most frequently cited loan duration was Other, with 125 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 56 $8,470,000 $151,250 $0 0.00%
    $200k-400k 39 $11,435,000 $293,205 $0 0.00%
    $100,000 or less 18 $1,410,000 $78,333 $0 0.00%
    $400k-600k 10 $4,760,000 $476,000 $0 0.00%
    $1MM+ 1 $1,245,000 $1,245,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2021 saw Miami Savings Bank place emphasis on $100k-200k loans with 56 originations, totaling $8,470,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 40 $9,590,000 $239,750 $0 0.00%
    $75k-100k 28 $4,810,000 $171,786 $0 0.00%
    $50k-75k 22 $3,090,000 $140,455 $0 0.00%
    $150k-250k 18 $5,100,000 $283,333 $0 0.00%
    $250k+ 9 $4,475,000 $497,222 $0 0.00%
    $50k or less 8 $900,000 $112,500 $0 0.00%

    Miami Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $75k-100k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 125 $27,965,000 $223,720 $0 0.00%

    Miami Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 125 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 117 $26,015,000 $222,350 $0 0.00%
    Not provided 7 $1,695,000 $242,143 $0 0.00%
    Black 1 $255,000 $255,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.76%

    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
    96.00%

    Miami Savings Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 125 $27,965,000 $223,720

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    125 $27,965,000 $223,720

    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 $23,150
    Miami Savings Bank 475 Mcguffey Avenue Oxford, OH 45056 Full Service B&M $11,366
    Miami Savings Bank 8008 Ferry Street Miamitown, OH 45041 Full Service B&M $85,403

    For 2021, Miami Savings Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,498
    Net interest income $2,934
    Total noninterest income $679
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $31
    Trading account gains and fees $0
    Additional Noninterest Income $648
    Pre-tax net operating income $1,068
    Securities gains (or losses, -) $0
    Income before extraordinary items $870
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $870
    Minority interest net income $0
    Net income $870
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $870

    Miami Savings Bank's gross interest income from loans was $3,498,000.
    Miami Savings Bank's net interest income from loans was $2,934,000.
    Miami Savings Bank's fee based income from loans was $31,000.
    Miami Savings Bank's net income from loans was $870,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $564
    Provision for credit losses $-175
    Total noninterest expense $2,720
    Salaries and employee benefits $1,617
    Premises and equipment expense $261
    Additional noninterest expense $842
    Applicable income taxes $198
    Net charge-offs $-187
    Cash dividends $0

    Miami Savings Bank's interest expense for loans was $564,000.
    Miami Savings Bank's payroll and benefits expense were $1,617,000.
    Miami Savings Bank's property, plant and equipment expenses $261,000.

    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 $119,883
    Deposits held in domestic offices $119,883
    Deposits by Individuals, partnerships, and corporations $119,037
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $846
    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 $40,409
    Demand deposits $30,775
    Nontransaction accounts $79,474
    Money market deposit accounts (MMDAs) $6,817
    Other savings deposits (excluding MMDAs) $30,104
    Total time deposits $42,553
    Total time and savings deposits $89,108
    Noninterest-bearing deposits $31,292
    Interest-bearing deposits $88,591
    Retail deposits $109,092
    IRAs and Keogh plan accounts $6,463
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $144,703
    Cash & Balances due from depository institutions $49,118
    Interest-bearing balances $47,468
    Total securities $1,469
    Federal funds sold & reverse repurchase $0
    Net loans and leases $87,197
    Loan and leases loss allowance $1,201
    Trading account assets $0
    Bank premises and fixed assets $556
    Other real estate owned $0
    Goodwill and other intangibles $240
    All other assets $6,123

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $144,703
    Total Liabilities $121,088
    Total deposits $119,883
    Interest-bearing deposits $88,591
    Deposits held in domestic offices $119,883
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,205

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $87,197
    Loan and leases loss allowance $1,201
    Total loans and leases (domestic) $88,398
    All real estate loans $81,603
    Real estate loans in domestic offices $81,603
    Construction and development loans $4,463
    Residential 1-4 family construction $3,269
    Other construction, all land development and other land $1,194
    Loans secured by nonfarm nonresidential properties $24,932
    Nonfarm nonresidential secured by owner-occupied properties $18,722
    Commercial real estate & other non-farm, non-residential $6,210
    Multifamily residential real estate $1,683
    1-4 family residential loans $49,230
    Farmland loans $1,295
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $6,481
    To non-U.S. addressees $0
    Loans to individuals $314
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $262
    Other loans to individuals $52
    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 $19
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Miami Savings Bank had $87,197,000 of loans outstanding in 2021. $81,603,000 of loans were in real estate loans. $4,463,000 of loans were in development loans. $1,683,000 of loans were in multifamily mortgage loans. $49,230,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $262,000 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 $18,930 $169,018
    Nonfarm, nonresidential loans - <$100k 21 $1,265 $60,238
    Nonfarm, nonresidential loans - $100-250k 52 $6,026 $115,885
    Nonfarm, nonresidential loans - $250k-1MM 39 $11,639 $298,436
    Commercial & Industrial, US addressed loans - <$1MM 76 $4,138 $54,447
    Commercial & Industrial, US addressed loans - <$100k 53 $1,614 $30,453
    Commercial & Industrial, US addressed loans - $100-250k 9 $918 $102,000
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $1,606 $114,714
    Farmland loans - <$1MM 1 $133 $133,000
    Farmland loans - $250k-1MM 1 $133 $133,000