Wilson Bank And Trust Mortgage Rates, Fees & Info

Lebanon, TN

LEI: 254900PVWALA7JTBXA31

Tax ID: 63-1310217

5 stars - out of 5 stars, based on 51 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Wilson Bank And Trust is a smaller bank specializing in Home Purchase and Refi loans. Wilson Bank And Trust has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Nashville, Cookeville, Daphne, Knoxville, and Shelbyville among others. Wilson Bank And Trust has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Wilson Bank And Trust is typically a low fee lendor.


Originations

2,602

Origination Dollar Volume (All Markets)

$749,030,000

Employee count

546 Show all (9) awards

Relative Rate

Wilson Bank And Trust's average 30 year fixed rate mortgage of loans were 3.16%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.01%.

Relative Fees

Wilson Bank And Trust's average total fees for a 30 year fixed rate mortgage are $3,235.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2,075 $599,215,000 $288,778 $3,500 3.48%
Cookeville, TN (FHA|USDA|VA) 229 $49,715,000 $217,096 $3,025 3.28%
Outside of Metro Areas 189 $33,275,000 $176,058 $2,832 3.64%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $17,935,000 $17,935,000 $0 3.99%
KNOXVILLE, TN (FHA|USDA|VA) 5 $11,835,000 $2,367,000 $8,923 4.03%
Shelbyville, TN (FHA|USDA|VA) 19 $7,035,000 $370,263 $3,829 3.37%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 15 $6,925,000 $461,667 $3,880 3.63%
Tullahoma-Manchester, TN (FHA|USDA|VA) 20 $6,780,000 $339,000 $2,057 3.68%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 7 $3,365,000 $480,714 $5,623 3.39%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $2,985,000 $995,000 $3,255 3.17%
Crossville, TN (FHA|USDA|VA) 10 $2,310,000 $231,000 $2,745 3.56%
McMinnville, TN (FHA|USDA|VA) 10 $1,600,000 $160,000 $2,606 3.50%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,320,000 $660,000 $0 4.10%
Sevierville, TN (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 3.50%
MORRISTOWN, TN (FHA|USDA|VA) 2 $860,000 $430,000 $0 4.18%
Lewisburg, TN (FHA|USDA|VA) 5 $735,000 $147,000 $5,269 3.74%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $500,000 $250,000 $4,627 3.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $385,000 $385,000 $8,140 3.50%
Paris, TN (FHA|USDA|VA) 1 $315,000 $315,000 $2,677 3.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.25%
Lawrenceburg, TN (FHA|USDA|VA) 1 $205,000 $205,000 $450 3.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.19%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $165,000 $165,000 $2,495 3.00%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.70%

Wilson Bank And Trust's top markets include Nashville, Cookeville, Daphne, Knoxville, and Shelbyville among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,497 $720,885,000 $288,700 $3,229 3.51%
FHA 39 $9,695,000 $248,590 $5,681 2.84%
VA 35 $12,155,000 $347,286 $6,075 2.78%
USDA 31 $6,295,000 $203,065 $3,466 2.70%

For the 2021 period, Wilson Bank And Trust's most frequently originated loan type of loans were Conventional, with 2,497 originations. Their 2nd most popular type is FHA, with 39 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,073 $383,035,000 $356,976 $3,640 3.41%
Refi 762 $244,020,000 $320,236 $3,009 3.38%
Other 375 $53,815,000 $143,507 $3,168 3.78%
Cash Out Refi 205 $47,885,000 $233,585 $3,413 3.27%
Home Improvement 187 $20,275,000 $108,422 $1,555 3.85%

For the 2021, Wilson Bank And Trust's most frequently cited loan purpose of loans were Home Purchase, with 1,073 originations. The 2nd most popular reason of loans were Refi, with 762 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 989 $287,105,000 $290,298 $3,235 3.16%
10 Year 741 $108,465,000 $146,377 $2,275 3.64%
20 Year 276 $77,550,000 $280,978 $2,961 3.65%
15 Year 209 $48,115,000 $230,215 $2,706 3.23%
Other 201 $109,225,000 $543,408 $3,477 3.85%
30+ year 83 $50,165,000 $604,398 $6,516 4.07%
1 Year 75 $25,315,000 $337,533 $7,277 4.18%
3 Year 17 $38,755,000 $2,279,706 $0 4.12%
5 Year 11 $4,335,000 $394,091 $983 4.18%

For the 2021, Wilson Bank And Trust's most frequently cited loan length of loans were 30 Year, with 989 originations. The 2nd most popular length of loans were 10 Year, with 741 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 630 $152,480,000 $242,032
$1k-2k 375 $80,835,000 $215,560
$2k-3k 146 $45,140,000 $309,178
$3k-4k 134 $50,990,000 $380,522
$5k+ 63 $49,705,000 $788,968

$3,235 of loans were Wilson Bank And Trust's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 630 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,497 $404,735,000 $270,364
2.5-3% 489 $150,405,000 $307,577
4-5% 419 $153,445,000 $366,217
<2.5% 164 $38,680,000 $235,854
6-7% 18 $740,000 $41,111
5-6% 15 $1,025,000 $68,333

During 2021, Wilson Bank And Trust's average interest rate of loans were 3.16%, while their most frequently originated rate bucket of loans were 3-4%, with 1,497 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 957 $265,025,000 $276,933 $3,154 3.35%
$100k-200k 696 $102,950,000 $147,917 $2,701 3.40%
$100,000 or less 535 $31,355,000 $58,607 $1,777 3.81%
$400k-600k 269 $129,915,000 $482,955 $4,614 3.36%
$600k-1MM 82 $60,010,000 $731,829 $7,286 3.66%
$1MM+ 63 $159,775,000 $2,536,111 $16,217 3.78%

2021 saw Wilson Bank And Trust place emphasis on $200k-400k loans with 957 originations, totaling $265,025,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 524 $130,070,000 $248,225 $3,483 3.48%
$50k-75k 476 $94,370,000 $198,256 $3,014 3.40%
$75k-100k 356 $76,870,000 $215,927 $3,121 3.39%
$50k or less 351 $47,905,000 $136,481 $2,618 3.40%
$150k-250k 340 $95,480,000 $280,824 $3,947 3.51%
$250k+ 252 $117,390,000 $465,833 $6,522 3.58%

Wilson Bank And Trust lent most frequently to those with incomes in the $100k-150k range, with 524 originations. The second most popular income band? $50k-75k, with 476 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
<20% 567 $126,225,000 $222,619 $3,093 3.37%
20-30% 565 $127,605,000 $225,850 $3,402 3.40%
30-36% 392 $93,580,000 $238,724 $3,452 3.44%
37% 78 $17,560,000 $225,128 $2,922 3.45%
42% 71 $18,795,000 $264,718 $3,169 3.43%
41% 68 $15,200,000 $223,529 $3,152 3.50%
36% 68 $17,980,000 $264,412 $3,918 3.57%
44% 62 $17,440,000 $281,290 $3,629 3.60%
40% 61 $16,525,000 $270,902 $3,619 3.43%
43% 61 $16,675,000 $273,361 $3,516 3.58%
39% 58 $13,590,000 $234,310 $3,673 3.50%
38% 48 $11,610,000 $241,875 $3,439 3.46%
50-60% 47 $16,895,000 $359,468 $3,942 3.87%
45% 42 $9,640,000 $229,524 $2,875 3.26%
>60% 34 $12,370,000 $363,824 $6,783 3.84%
46% 30 $8,540,000 $284,667 $3,135 3.14%
47% 26 $8,470,000 $325,769 $3,548 3.18%
49% 24 $6,890,000 $287,083 $3,524 3.40%
48% 22 $7,140,000 $324,545 $2,787 3.29%

Wilson Bank And Trust lent most frequently to those with DTI ratios of <20%, with 567 originations. The next most common DTI ratio? 20-30%, with 565 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,183 $528,825,000 $242,247 $3,389 3.45%
Not applicable 203 $163,165,000 $803,768 $8,140 3.91%
Black 105 $23,885,000 $227,476 $3,195 3.45%
Asian 75 $23,545,000 $313,933 $3,091 3.50%
Not provided 24 $6,120,000 $255,000 $2,750 2.82%
Other Asian 7 $2,265,000 $323,571 $4,633 3.30%
American Indian 4 $1,050,000 $262,500 $5,516 3.56%
Native Hawaiian 1 $175,000 $175,000 $0 3.75%

Approval Rates

Total approvals of all applications
94.57%

Wilson Bank And Trust has an average approval rate.

Pick Rate

Approvals leading to origination
80.56%

Wilson Bank And Trust has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 2,602 $749,030,000 $287,867

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,602 $749,030,000 $287,867

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 414 $58,260,000 $140,725 $2,467 3.52%
40-60% 430 $146,740,000 $341,256 $3,393 3.37%
60-80% 891 $333,925,000 $374,776 $3,961 3.52%
80-100% 538 $184,510,000 $342,955 $2,987 3.23%
Over 100% 14 $6,630,000 $473,571 $10,386 2.92%
Under 20% 315 $18,965,000 $60,206 $1,541 3.89%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
WALLICK AND VOLK, INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
WALLICK AND VOLK, INC VA mortgage Closing on a mortgage 1 50.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Wilson Bank and Trust 7 New Middleton Highway Gordonsville, TN 38563 Full Service B&M $56,936
Wilson Bank and Trust 101 Public Square Watertown, TN 37184 Full Service B&M $71,846
Wilson Bank and Trust 1130 Castle Heights Ave. N. Lebanon, TN 37087 Full Service B&M $47,957
Wilson Bank and Trust 11835 Lebanon Road Mount Juliet, TN 37122 Full Service B&M $73,679
Wilson Bank and Trust 127 Mcmurry Boulevard Hartsville, TN 37074 Full Service B&M $97,301
Wilson Bank and Trust 1300 Main Street North Carthage, TN 37030 Full Service B&M $103,254
Wilson Bank and Trust 1444 Baddour Parkway Lebanon, TN 37087 Full Service B&M $74,077
Wilson Bank and Trust 1476 North Mt. Juliet Road Mount Juliet, TN 37122 Full Service B&M $337,488
Wilson Bank and Trust 175 East Main Street Hendersonville, TN 37077 Full Service B&M $86,530
Wilson Bank and Trust 200 Tennessee Boulevard Lebanon, TN 37087 Full Service B&M $78,849
Wilson Bank and Trust 204 Jackson Meadow Drive Hermitage, TN 37076 Full Service B&M $213,101
Wilson Bank and Trust 210 South Commerce Drive Smyrna, TN 37167 Full Service B&M $54,281
Wilson Bank and Trust 217 Donelson Pike Nashville, TN 37214 Full Service B&M $89,352
Wilson Bank and Trust 2640 South Church Street Murfreesboro, TN 37128 Full Service B&M $79,348
Wilson Bank and Trust 2930 West End Avenue Nashville, TN 37203 Full Service B&M $57,353
Wilson Bank and Trust 306 Brush Creek Road Alexandria, TN 37012 Full Service B&M $33,183
Wilson Bank and Trust 3110 Memorial Boulevard Murfreesboro, TN 37130 Full Service B&M $135,811
Wilson Bank and Trust 320 South Jefferson Avenue Cookeville, TN 38501 Full Service B&M $148,700
Wilson Bank and Trust 4195 Franklin Road Murfreesboro, TN 37128 Full Service B&M $37,700
Wilson Bank and Trust 440 Highway 109n Lebanon, TN 37090 Full Service B&M $62,403
Wilson Bank and Trust 455 West Main Street Gallatin, TN 37066 Full Service B&M $95,111
Wilson Bank and Trust 576 West Broad Street Smithville, TN 37166 Full Service B&M $157,081
Wilson Bank and Trust 615 South Cumberland Lebanon, TN 37087 Full Service B&M $31,573
Wilson Bank and Trust 623 West Main Street Lebanon, TN 37087 Full Service B&M $675,652
Wilson Bank and Trust 709 S Mt Juliet Rd Mount Juliet, TN 37122 Full Service Retail $79,333
Wilson Bank and Trust 710 North West Broad Street Murfreesboro, TN 37129 Full Service B&M $101,561
Wilson Bank and Trust 8875 Stewarts Ferry Pike Mount Juliet, TN 37122 Full Service B&M $104,503
Wilson Bank and Trust 9200 Carothers Parkway Franklin, TN 37067 Full Service B&M $46,050

For 2021, Wilson Bank And Trust had 28 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $128,674
Net interest income $118,027
Total noninterest income $38,234
Gross Fiduciary activities income $0
Service charges on deposit accounts $6,139
Trading account gains and fees $0
Additional Noninterest Income $32,095
Pre-tax net operating income $66,045
Securities gains (or losses, -) $28
Income before extraordinary items $50,867
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $50,867
Minority interest net income $0
Net income $50,867
Sale, conversion, retirement of capital stock, net $0
Net operating income $50,844

Wilson Bank And Trust's gross interest income from loans was $128,674,000.
Wilson Bank And Trust's net interest income from loans was $118,027,000.
Wilson Bank And Trust's fee based income from loans was $6,139,000.
Wilson Bank And Trust's net income from loans was $50,867,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $10,647
Provision for credit losses $1,143
Total noninterest expense $89,073
Salaries and employee benefits $53,067
Premises and equipment expense $12,057
Additional noninterest expense $23,949
Applicable income taxes $15,206
Net charge-offs $50
Cash dividends $4,300

Wilson Bank And Trust's interest expense for loans was $10,647,000.
Wilson Bank And Trust's payroll and benefits expense were $53,067,000.
Wilson Bank And Trust's property, plant and equipment expenses $12,057,000.

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 0.1%
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 $3,551,945
Deposits held in domestic offices $3,551,945
Deposits by Individuals, partnerships, and corporations $3,181,703
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $369,994
Deposits by Commercial banks and other depository institutions in U.S. $248
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,461,117
Demand deposits $499,571
Nontransaction accounts $2,090,828
Money market deposit accounts (MMDAs) $1,201,235
Other savings deposits (excluding MMDAs) $292,728
Total time deposits $596,865
Total time and savings deposits $3,052,374
Noninterest-bearing deposits $503,380
Interest-bearing deposits $3,048,565
Retail deposits $3,412,647
IRAs and Keogh plan accounts $69,987
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $3,975,826
Cash & Balances due from depository institutions $413,478
Interest-bearing balances $385,656
Total securities $897,585
Federal funds sold & reverse repurchase $27,055
Net loans and leases $2,456,125
Loan and leases loss allowance $39,632
Trading account assets $0
Bank premises and fixed assets $66,514
Other real estate owned $0
Goodwill and other intangibles $4,806
All other assets $110,263

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $3,975,826
Total Liabilities $3,565,792
Total deposits $3,551,945
Interest-bearing deposits $3,048,565
Deposits held in domestic offices $3,551,945
% insured (estimated) $70
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $13,847

Issued Loan Types

Type Value (in 000's)
Net loans and leases $2,456,125
Loan and leases loss allowance $39,632
Total loans and leases (domestic) $2,495,757
All real estate loans $2,314,982
Real estate loans in domestic offices $2,314,982
Construction and development loans $603,292
Residential 1-4 family construction $186,819
Other construction, all land development and other land $416,473
Loans secured by nonfarm nonresidential properties $879,373
Nonfarm nonresidential secured by owner-occupied properties $409,681
Commercial real estate & other non-farm, non-residential $469,692
Multifamily residential real estate $29,300
1-4 family residential loans $793,650
Farmland loans $9,367
Loans held in foreign offices $0
Farm loans $1,438
Commercial and industrial loans $118,215
To non-U.S. addressees $0
Loans to individuals $39,361
Credit card loans $3,782
Related Plans $162
Consumer Auto Loans $15,058
Other loans to individuals $20,359
All other loans & leases $33,785
Loans to foreign governments and official institutions $0
Other loans $23,771
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

Wilson Bank And Trust had $2,456,125,000 of loans outstanding in 2021. $2,314,982,000 of loans were in real estate loans. $603,292,000 of loans were in development loans. $29,300,000 of loans were in multifamily mortgage loans. $793,650,000 of loans were in 1-4 family mortgage loans. $1,438,000 of loans were in farm loans. $3,782,000 of loans were in credit card loans. $15,058,000 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 671 $186,714 $278,262
Nonfarm, nonresidential loans - <$100k 67 $2,631 $39,269
Nonfarm, nonresidential loans - $100-250k 187 $23,439 $125,342
Nonfarm, nonresidential loans - $250k-1MM 417 $160,644 $385,237
Commercial & Industrial, US addressed loans - <$1MM 817 $48,541 $59,414
Commercial & Industrial, US addressed loans - <$100k 633 $13,783 $21,774
Commercial & Industrial, US addressed loans - $100-250k 90 $8,844 $98,267
Commercial & Industrial, US addressed loans - $250k-1MM 94 $25,914 $275,681
Farmland loans - <$1MM 105 $7,076 $67,390
Farmland loans - <$100k 66 $1,800 $27,273
Farmland loans - $100-250k 34 $3,513 $103,324
Farmland loans - $250k-1MM 5 $1,763 $352,600
Agriculture operations loans - <$1MM 71 $1,438 $20,254
Agriculture operations loans - <$100k 68 $1,152 $16,941
Agriculture operations loans - $100-250k 3 $286 $95,333