Macon Bank And Trust Company Mortgage Rates, Fees & Info

Lafayette, TN

LEI: 5493002FQ43Q3BNXZW27

Tax ID: 62-0335770

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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

    Macon Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Macon Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Bowling Green, Clarksville, and Cookeville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Macon Bank And Trust Company 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

    145

    Origination Dollar Volume (All Markets)

    $21,395,000

    Employee count

    104

    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) 114 $18,580,000 $162,982 $0 0.00%
    Outside of Metro Areas 17 $1,525,000 $89,706 $0 0.00%
    BOWLING GREEN, KY (FHA|USDA|VA) 10 $940,000 $94,000 $0 0.00%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $255,000 $85,000 $0 0.00%
    Cookeville, TN (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Macon Bank And Trust Company's top markets include Nashville, Bowling Green, Clarksville, and Cookeville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 145 $21,395,000 $147,552 $0 0.00%

    For 2020, Macon Bank And Trust Company's most frequently originated type of loan was Conventional, with 145 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 75 $14,125,000 $188,333 $0 0.00%
    Refi 57 $6,605,000 $115,877 $0 0.00%
    Home Improvement 7 $445,000 $63,571 $0 0.00%
    Other 6 $220,000 $36,667 $0 0.00%

    For 2020, Macon Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 145 $21,395,000 $147,552 $0 0.00%

    For 2020, Macon Bank And Trust Company's most frequently cited loan duration was Other, with 145 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 74 $3,810,000 $51,486 $0 0.00%
    $100k-200k 50 $7,440,000 $148,800 $0 0.00%
    $200k-400k 16 $4,460,000 $278,750 $0 0.00%
    $1MM+ 3 $4,675,000 $1,558,333 $0 0.00%
    $400k-600k 2 $1,010,000 $505,000 $0 0.00%

    2020 saw Macon Bank And Trust Company place emphasis on $100,000 or less loans with 74 originations, totaling $3,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 50 $4,010,000 $80,200 $0 0.00%
    $50k-75k 25 $3,055,000 $122,200 $0 0.00%
    $100k-150k 20 $2,450,000 $122,500 $0 0.00%
    $75k-100k 19 $2,495,000 $131,316 $0 0.00%
    $150k-250k 10 $1,470,000 $147,000 $0 0.00%
    $250k+ 6 $1,240,000 $206,667 $0 0.00%

    Macon Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 50 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 145 $21,395,000 $147,552 $0 0.00%

    Macon Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 145 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 132 $17,380,000 $131,667 $0 0.00%
    Not applicable 11 $3,705,000 $336,818 $0 0.00%
    Black 2 $310,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.00%

    Macon Bank And Trust Company 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
    98.62%

    Macon Bank And Trust Company 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 145 $21,395,000 $147,552

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $3,265,000 $1,088,333
    Single Family (1-4 Units):Manufactured 25 $2,015,000 $80,600
    Single Family (1-4 Units):Site-Built 117 $16,115,000 $137,735

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Macon Bank and Trust Company 10363 Highway 52 West Westmoreland, TN 37186 Full Service B&M $12,709
    Macon Bank and Trust Company 201 Main Street Celina, TN 38551 Full Service B&M $40,019
    Macon Bank and Trust Company 261 Market Street Red Boiling Springs, TN 37150 Full Service B&M $66,974
    Macon Bank and Trust Company 419 Highway 52 By Pass West Lafayette, TN 37083 Full Service B&M $7,060
    Macon Bank and Trust Company 5284 New Highway 31 East Westmoreland, TN 37186 Full Service B&M $34,239
    Macon Bank and Trust Company 609 Red Boiling Springs Rd. Lafayette, TN 37083 Full Service B&M $139,632
    Macon Bank and Trust Company 685 Nashville Pike Gallatin, TN 37066 Full Service B&M $13,255
    Macon Bank and Trust Company Public Square Lafayette, TN 37083 Full Service B&M $85,580

    For 2020, Macon Bank And Trust Company had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,114
    Net interest income $11,991
    Total noninterest income $2,562
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $972
    Trading account gains and fees $0
    Additional Noninterest Income $1,590
    Pre-tax net operating income $2,986
    Securities gains (or losses, -) $424
    Income before extraordinary items $2,862
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,862
    Minority interest net income $0
    Net income $2,862
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,505

    Macon Bank And Trust Company's gross interest income from loans was $16,114,000.
    Macon Bank And Trust Company's net interest income from loans was $11,991,000.
    Macon Bank And Trust Company's fee based income from loans was $972,000.
    Macon Bank And Trust Company's net income from loans was $2,862,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,123
    Provision for credit losses $170
    Total noninterest expense $11,397
    Salaries and employee benefits $7,160
    Premises and equipment expense $1,126
    Additional noninterest expense $3,111
    Applicable income taxes $548
    Net charge-offs $42
    Cash dividends $345

    Macon Bank And Trust Company's interest expense for loans was $4,123,000.
    Macon Bank And Trust Company's payroll and benefits expense were $7,160,000.
    Macon Bank And Trust Company's property, plant and equipment expenses $1,126,000.

    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 $423,920
    Deposits held in domestic offices $423,920
    Deposits by Individuals, partnerships, and corporations $374,827
    Deposits by U.S. Government $98
    Deposits by States and political subdivisions in the U.S. $48,995
    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 $168,683
    Demand deposits $73,895
    Nontransaction accounts $255,237
    Money market deposit accounts (MMDAs) $29,150
    Other savings deposits (excluding MMDAs) $52,220
    Total time deposits $173,867
    Total time and savings deposits $350,025
    Noninterest-bearing deposits $73,895
    Interest-bearing deposits $350,025
    Retail deposits $383,765
    IRAs and Keogh plan accounts $41,625
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $492,897
    Cash & Balances due from depository institutions $27,333
    Interest-bearing balances $5,676
    Total securities $209,111
    Federal funds sold & reverse repurchase $37,098
    Net loans and leases $197,757
    Loan and leases loss allowance $2,816
    Trading account assets $0
    Bank premises and fixed assets $5,371
    Other real estate owned $8
    Goodwill and other intangibles $489
    All other assets $15,730

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $492,897
    Total Liabilities $434,029
    Total deposits $423,920
    Interest-bearing deposits $350,025
    Deposits held in domestic offices $423,920
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,644
    Subordinated debt $0
    All other liabilities $7,465

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $197,757
    Loan and leases loss allowance $2,816
    Total loans and leases (domestic) $200,573
    All real estate loans $167,647
    Real estate loans in domestic offices $167,647
    Construction and development loans $37,408
    Residential 1-4 family construction $10,781
    Other construction, all land development and other land $26,627
    Loans secured by nonfarm nonresidential properties $35,377
    Nonfarm nonresidential secured by owner-occupied properties $30,609
    Commercial real estate & other non-farm, non-residential $4,768
    Multifamily residential real estate $7,108
    1-4 family residential loans $62,791
    Farmland loans $24,963
    Loans held in foreign offices $0
    Farm loans $3,316
    Commercial and industrial loans $9,574
    To non-U.S. addressees $0
    Loans to individuals $17,885
    Credit card loans $0
    Related Plans $57
    Consumer Auto Loans $7,376
    Other loans to individuals $10,452
    All other loans & leases $2,151
    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 $18
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $85
    Non 1-4 family restructured loans & leases $85
    Total loans and leases (foreign) $0

    Macon Bank and Trust Company had $197,757,000 of loans outstanding in 2020. $167,647,000 of loans were in real estate loans. $37,408,000 of loans were in development loans. $7,108,000 of loans were in multifamily mortgage loans. $62,791,000 of loans were in 1-4 family mortgage loans. $3,316,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,376,000 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 $15,603 $136,868
    Nonfarm, nonresidential loans - <$100k 56 $2,339 $41,768
    Nonfarm, nonresidential loans - $100-250k 36 $4,741 $131,694
    Nonfarm, nonresidential loans - $250k-1MM 22 $8,523 $387,409
    Commercial & Industrial, US addressed loans - <$1MM 238 $7,857 $33,013
    Commercial & Industrial, US addressed loans - <$100k 213 $3,560 $16,714
    Commercial & Industrial, US addressed loans - $100-250k 16 $1,720 $107,500
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $2,577 $286,333
    Farmland loans - <$1MM 238 $17,386 $73,050
    Farmland loans - <$100k 168 $6,281 $37,387
    Farmland loans - $100-250k 51 $6,355 $124,608
    Farmland loans - $250k-1MM 19 $4,750 $250,000
    Agriculture operations loans - <$1MM 155 $3,316 $21,394
    Agriculture operations loans - <$100k 149 $2,445 $16,409
    Agriculture operations loans - $100-250k 5 $771 $154,200
    Agriculture operations loans - $250k-1MM 1 $100 $100,000