Wilson Bank And Trust Mortgage Rates, Fees & Info

Lebanon, TN

LEI: 254900PVWALA7JTBXA31

Tax ID: 63-1310217

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Mortgage Data

Bank Data

Review & Overview

Wilson Bank And Trust is a smaller bank specializing in Home Purchase loans. Wilson Bank And Trust has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Nashville, Cookeville, Montgomery, Crossville, and Clarksville among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Wilson Bank And Trust 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. Wilson Bank And Trust 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 12/3/24
30 Year Conventional Purchase 6.67% 12/3/24
30 Year Conventional Refi 6.60% 12/3/24
30 Year Cash-out Refi 6.91% 12/3/24
30 Year FHA Purchase 7.30% 12/3/24
30 Year FHA Refi 7.18% 12/3/24
30 Year VA Purchase 6.56% 12/3/24
30 Year VA Refi 6.07% 12/3/24
30 Year USDA Purchase 6.77% 12/3/24
15 Year Conventional Purchase 6.61% 12/3/24
15 Year Conventional Refi 6.51% 12/3/24
15 Year Cash-out Refi 6.51% 12/3/24
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.

Wilson Bank And Trust Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Wilson Bank And Trust. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,129

Origination Dollar Volume (All Markets)

$267,225,000

Employee count

492 Show all (12) awards

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
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 895 $201,955,000 $225,648 $2,637 4.98%
Cookeville, TN (FHA|USDA|VA) 128 $31,680,000 $247,500 $2,559 4.87%
MONTGOMERY, AL (FHA|USDA|VA) 2 $17,170,000 $8,585,000 $0 5.13%
Outside of Metro Areas 72 $10,420,000 $144,722 $2,173 5.11%
Crossville, TN (FHA|USDA|VA) 5 $1,685,000 $337,000 $3,204 4.91%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 6 $1,460,000 $243,333 $4,726 4.81%
McMinnville, TN (FHA|USDA|VA) 6 $860,000 $143,333 $2,884 5.29%
Tullahoma-Manchester, TN (FHA|USDA|VA) 5 $725,000 $145,000 $2,572 4.64%
Shelbyville, TN (FHA|USDA|VA) 3 $485,000 $161,667 $3,522 5.60%
Lewisburg, TN (FHA|USDA|VA) 1 $285,000 $285,000 $535 4.95%
KNOXVILLE, TN (FHA|USDA|VA) 3 $275,000 $91,667 $1,248 5.32%
JACKSON, TN (FHA|USDA|VA) 1 $135,000 $135,000 $2,230 5.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $45,000 $45,000 $2,511 5.50%
Dayton, TN (FHA|USDA|VA) 1 $45,000 $45,000 $1,004 5.49%
Wilson Bank And Trust's top markets include Nashville, Cookeville, Montgomery, Crossville, and Clarksville among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,000 $239,330,000 $239,330 $2,313 5.03%
    FHA 85 $17,885,000 $210,412 $4,921 4.56%
    VA 29 $7,375,000 $254,310 $3,861 4.63%
    USDA 15 $2,635,000 $175,667 $3,058 4.70%

    For 2018, Wilson Bank And Trust's most frequently originated type of loan was Conventional, with 1,000 originations. Their 2nd most popular type was FHA, with 85 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 780 $198,340,000 $254,282 $2,780 4.88%
    Refi 185 $48,465,000 $261,973 $2,005 5.13%
    Cash Out Refi 61 $12,935,000 $212,049 $3,904 4.90%
    Other 56 $4,030,000 $71,964 $1,529 5.39%
    Home Improvement 47 $3,455,000 $73,511 $1,337 5.59%

    For 2018, Wilson Bank And Trust's most frequently cited loan purpose was Home Purchase, with 780 originations. The 2nd most popular reason was Refi, with 185 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 660 $150,740,000 $228,394 $2,796 4.83%
    15 Year 144 $21,130,000 $146,736 $2,120 4.93%
    20 Year 134 $23,010,000 $171,716 $2,274 5.14%
    10 Year 82 $5,870,000 $71,585 $1,379 5.47%
    1 Year 49 $14,845,000 $302,959 $4,679 5.26%
    Other 42 $51,160,000 $1,218,095 $2,180 5.36%
    5 Year 17 $445,000 $26,176 $800 5.46%
    3 Year 1 $25,000 $25,000 $1,004 6.20%

    For 2018, Wilson Bank And Trust's most frequently cited loan duration was 30 Year, with 660 originations. The 2nd most popular length was 15 Year, with 144 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 582 $104,500,000 $179,553
    $1k-2k 227 $42,355,000 $186,586
    $2k-3k 77 $18,535,000 $240,714
    $3k-4k 37 $11,185,000 $302,297
    $4k-5k 17 $7,375,000 $433,824
    $5k+ 10 $8,150,000 $815,000

    Wilson Bank And Trust's average total fees were $2,796, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 582 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 641 $172,895,000 $269,727
    5-6% 403 $82,725,000 $205,273
    6-7% 41 $2,385,000 $58,171
    3-4% 39 $9,015,000 $231,154
    7-8% 4 $120,000 $30,000

    During 2018, Wilson Bank And Trust's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 641 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 415 $115,695,000 $278,783 $3,069 4.82%
    $100k-200k 399 $58,625,000 $146,930 $2,487 4.89%
    $100,000 or less 248 $14,530,000 $58,589 $1,421 5.41%
    $400k-600k 45 $20,545,000 $456,556 $4,760 4.85%
    $1MM+ 13 $51,015,000 $3,924,231 $6,570 4.99%
    $600k-1MM 9 $6,815,000 $757,222 $4,068 4.86%

    2018 saw Wilson Bank And Trust place emphasis on $200k-400k loans with 415 originations, totaling $115,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 232 $39,540,000 $170,431 $2,683 4.97%
    $50k or less 220 $26,190,000 $119,045 $2,031 5.05%
    $100k-150k 201 $44,285,000 $220,323 $2,473 4.97%
    $75k-100k 201 $42,425,000 $211,070 $2,969 4.88%
    $150k-250k 111 $28,775,000 $259,234 $3,108 5.02%
    $250k+ 67 $22,435,000 $334,851 $3,306 4.93%

    Wilson Bank And Trust lent most frequently to those with incomes in the $50k-75k range, with 232 originations. The second most popular income band? $50k or less, with 220 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 234 $40,740,000 $174,103 $2,358 4.99%
    30-36% 182 $37,430,000 $205,659 $2,778 4.88%
    <20% 154 $26,130,000 $169,675 $2,156 5.07%
    50-60% 54 $13,320,000 $246,667 $3,032 4.94%
    43% 45 $10,355,000 $230,111 $3,098 4.96%
    40% 43 $8,735,000 $203,140 $2,980 4.95%
    42% 39 $7,535,000 $193,205 $3,176 4.94%
    38% 34 $9,010,000 $265,000 $2,142 5.15%
    44% 33 $5,695,000 $172,576 $3,130 4.88%
    41% 32 $6,090,000 $190,313 $2,569 4.99%
    37% 29 $5,875,000 $202,586 $2,558 4.85%
    36% 28 $5,540,000 $197,857 $2,907 4.98%
    39% 28 $5,180,000 $185,000 $2,611 5.13%
    47% 23 $5,095,000 $221,522 $2,662 4.84%
    46% 20 $4,890,000 $244,500 $2,812 4.91%
    45% 19 $4,655,000 $245,000 $2,299 4.97%
    >60% 19 $3,915,000 $206,053 $2,425 5.07%
    48% 15 $2,525,000 $168,333 $4,097 5.01%
    49% 13 $3,285,000 $252,692 $2,148 4.73%

    Wilson Bank And Trust lent most frequently to those with DTI ratios of 20-30%, with 234 originations. The next most common DTI ratio? 30-36%, with 182 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,006 $199,520,000 $198,330 $2,563 4.96%
    Not applicable 67 $56,765,000 $847,239 $5,088 5.13%
    Black 31 $6,115,000 $197,258 $2,861 5.06%
    Asian 23 $4,225,000 $183,696 $3,998 4.98%
    Asian Indian 1 $445,000 $445,000 $7,833 5.54%
    American Indian 1 $155,000 $155,000 $624 4.75%

    Approval Rates

    Total approvals of all applications
    93.25%

    Wilson Bank And Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.85%

    Wilson Bank And Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,129 $267,225,000 $236,692

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 21 $45,335,000 $2,158,810
    Single Family (1-4 Units):Manufactured 33 $1,755,000 $53,182
    Single Family (1-4 Units):Site-Built 1,075 $220,135,000 $204,777

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 112 $22,830,000 $203,839 $1,987 5.17%
    40-60% 185 $32,755,000 $177,054 $2,533 4.96%
    60-80% 406 $99,520,000 $245,123 $2,775 5.00%
    80-100% 354 $90,060,000 $254,407 $2,837 4.82%
    Over 100% 9 $2,475,000 $275,000 $7,624 4.68%
    Under 20% 60 $2,350,000 $39,167 $1,077 5.47%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    WILSON & ASSOCIATES, PLLC Conventional home mortgage Struggling to pay mortgage 1 50.0%
    WILSON & ASSOCIATES, PLLC Other type of mortgage Struggling to pay mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Wilson Bank and Trust 101 Public Square Watertown, TN 37184 Full Service B&M $51,988
    Wilson Bank and Trust 1130 Castle Heights Ave. N. Lebanon, TN 37087 Full Service B&M $30,534
    Wilson Bank and Trust 11835 Lebanon Road Mount Juliet, TN 37122 Full Service B&M $41,146
    Wilson Bank and Trust 127 Mcmurry Boulevard Hartsville, TN 37074 Full Service B&M $89,946
    Wilson Bank and Trust 1300 Main Street North Carthage, TN 37030 Full Service B&M $76,358
    Wilson Bank and Trust 1444 Baddour Parkway Lebanon, TN 37087 Full Service B&M $59,944
    Wilson Bank and Trust 1476 North Mt. Juliet Road Mount Juliet, TN 37122 Full Service B&M $221,160
    Wilson Bank and Trust 175 East Main Street Hendersonville, TN 37077 Full Service B&M $34,297
    Wilson Bank and Trust 200 Tennessee Boulevard Lebanon, TN 37087 Full Service B&M $59,373
    Wilson Bank and Trust 204 Jackson Meadow Drive Hermitage, TN 37076 Full Service B&M $155,809
    Wilson Bank and Trust 210 South Commerce Drive Smyrna, TN 37167 Full Service B&M $37,086
    Wilson Bank and Trust 217 Donelson Pike Nashville, TN 37214 Full Service B&M $61,166
    Wilson Bank and Trust 2640 South Church Street Murfreesboro, TN 37128 Full Service B&M $55,415
    Wilson Bank and Trust 2930 West End Avenue Nashville, TN 37203 Full Service B&M $18,527
    Wilson Bank and Trust 306 Brush Creek Road Alexandria, TN 37012 Full Service B&M $27,395
    Wilson Bank and Trust 3110 Memorial Boulevard Murfreesboro, TN 37130 Full Service B&M $101,686
    Wilson Bank and Trust 320 South Jefferson Avenue Cookeville, TN 38501 Full Service B&M $58,115
    Wilson Bank and Trust 4195 Franklin Road Murfreesboro, TN 37128 Full Service B&M $7,359
    Wilson Bank and Trust 440 Highway 109n Lebanon, TN 37090 Full Service B&M $40,425
    Wilson Bank and Trust 455 West Main Street Gallatin, TN 37066 Full Service B&M $47,812
    Wilson Bank and Trust 576 West Broad Street Smithville, TN 37166 Full Service B&M $112,310
    Wilson Bank and Trust 615 South Cumberland Lebanon, TN 37087 Full Service B&M $19,477
    Wilson Bank and Trust 623 West Main Street Lebanon, TN 37087 Full Service B&M $474,590
    Wilson Bank and Trust 7 New Middleton Highway Gordonsville, TN 38563 Full Service B&M $44,025
    Wilson Bank and Trust 709 S Mt Juliet Rd Mount Juliet, TN 37122 Full Service Retail $46,200
    Wilson Bank and Trust 710 North West Broad Street Murfreesboro, TN 37129 Full Service B&M $68,403
    Wilson Bank and Trust 8875 Stewarts Ferry Pike Mount Juliet, TN 37122 Full Service B&M $74,868

    For 2018, Wilson Bank And Trust had 27 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $103,838
    Net interest income $89,820
    Total noninterest income $25,585
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $6,309
    Trading account gains and fees $0
    Additional Noninterest Income $19,276
    Pre-tax net operating income $43,632
    Securities gains (or losses, -) $-650
    Income before extraordinary items $33,731
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $33,731
    Minority interest net income $0
    Net income $33,731
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $34,244

    Wilson Bank And Trust's gross interest income from loans was $103,838,000.
    Wilson Bank And Trust's net interest income from loans was $89,820,000.
    Wilson Bank And Trust's fee based income from loans was $6,309,000.
    Wilson Bank And Trust's net income from loans was $33,731,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $14,018
    Provision for credit losses $4,298
    Total noninterest expense $67,475
    Salaries and employee benefits $40,127
    Premises and equipment expense $9,220
    Additional noninterest expense $18,128
    Applicable income taxes $9,251
    Net charge-offs $1,033
    Cash dividends $3,000

    Wilson Bank And Trust's interest expense for loans was $14,018,000.
    Wilson Bank And Trust's payroll and benefits expense were $40,127,000.
    Wilson Bank And Trust's property, plant and equipment expenses $9,220,000.

    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 0.7%
    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 $2,222,018
    Deposits held in domestic offices $2,222,018
    Deposits by Individuals, partnerships, and corporations $1,997,697
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $224,321
    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 $140,416
    Demand deposits $50,114
    Nontransaction accounts $2,081,602
    Money market deposit accounts (MMDAs) $727,654
    Other savings deposits (excluding MMDAs) $737,421
    Total time deposits $616,527
    Total time and savings deposits $2,171,904
    Noninterest-bearing deposits $240,521
    Interest-bearing deposits $1,981,497
    Retail deposits $2,093,721
    IRAs and Keogh plan accounts $76,523
    Brokered deposits $5,016
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,525,042
    Cash & Balances due from depository institutions $70,664
    Interest-bearing balances $57,156
    Total securities $285,251
    Federal funds sold & reverse repurchase $9,000
    Net loans and leases $2,023,489
    Loan and leases loss allowance $27,174
    Trading account assets $0
    Bank premises and fixed assets $57,725
    Other real estate owned $1,357
    Goodwill and other intangibles $4,806
    All other assets $72,750

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,525,042
    Total Liabilities $2,231,622
    Total deposits $2,222,018
    Interest-bearing deposits $1,981,497
    Deposits held in domestic offices $2,222,018
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $9,604

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,023,489
    Loan and leases loss allowance $27,174
    Total loans and leases (domestic) $2,050,663
    All real estate loans $1,918,378
    Real estate loans in domestic offices $1,918,378
    Construction and development loans $517,254
    Residential 1-4 family construction $124,883
    Other construction, all land development and other land $392,371
    Loans secured by nonfarm nonresidential properties $701,054
    Nonfarm nonresidential secured by owner-occupied properties $331,218
    Commercial real estate & other non-farm, non-residential $369,836
    Multifamily residential real estate $134,613
    1-4 family residential loans $541,386
    Farmland loans $24,071
    Loans held in foreign offices $0
    Farm loans $1,985
    Commercial and industrial loans $79,091
    To non-U.S. addressees $0
    Loans to individuals $34,362
    Credit card loans $2,842
    Related Plans $293
    Consumer Auto Loans $10,499
    Other loans to individuals $20,728
    All other loans & leases $23,867
    Loans to foreign governments and official institutions $0
    Other loans $14,543
    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 $161
    Non 1-4 family restructured loans & leases $5
    Total loans and leases (foreign) $0

    Wilson Bank And Trust had $2,023,489,000 of loans outstanding in 2018. $1,918,378,000 of loans were in real estate loans. $517,254,000 of loans were in development loans. $134,613,000 of loans were in multifamily mortgage loans. $541,386,000 of loans were in 1-4 family mortgage loans. $1,985,000 of loans were in farm loans. $2,842,000 of loans were in credit card loans. $10,499,000 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 664 $163,300 $245,934
    Nonfarm, nonresidential loans - <$100k 124 $5,206 $41,984
    Nonfarm, nonresidential loans - $100-250k 191 $23,086 $120,869
    Nonfarm, nonresidential loans - $250k-1MM 349 $135,008 $386,842
    Commercial & Industrial, US addressed loans - <$1MM 503 $37,146 $73,849
    Commercial & Industrial, US addressed loans - <$100k 351 $8,604 $24,513
    Commercial & Industrial, US addressed loans - $100-250k 84 $8,467 $100,798
    Commercial & Industrial, US addressed loans - $250k-1MM 68 $20,075 $295,221
    Farmland loans - <$1MM 244 $15,819 $64,832
    Farmland loans - <$100k 169 $5,542 $32,793
    Farmland loans - $100-250k 66 $8,025 $121,591
    Farmland loans - $250k-1MM 9 $2,252 $250,222
    Agriculture operations loans - <$1MM 134 $1,970 $14,701
    Agriculture operations loans - <$100k 131 $1,567 $11,962
    Agriculture operations loans - $100-250k 3 $403 $134,333