Independence Bank Of Kentucky Mortgage Rates, Fees & Info

Owensboro, KY

LEI: 5493002N5OA6GM61AC70

Tax ID: 61-0189240

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Independence Bank Of Kentucky is a smaller bank specializing in Home Purchase and Refi loans. Independence Bank Of Kentucky has a high proportion of conventional loans. Their top markets by origination volume include: Owensboro, Evansville, Bowling Green, Madisonville, and Paducah among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Independence Bank Of Kentucky 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. Independence Bank Of Kentucky 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/21/24
    30 Year Conventional Purchase 6.70% 4/21/24
    30 Year Conventional Refi 6.81% 4/21/24
    30 Year Cash-out Refi 7.06% 4/21/24
    30 Year FHA Purchase 6.27% 4/21/24
    30 Year FHA Refi 6.27% 4/21/24
    30 Year USDA Purchase 6.27% 4/21/24
    15 Year Conventional Purchase 6.10% 4/21/24
    15 Year Conventional Refi 6.25% 4/21/24
    15 Year Cash-out Refi 6.25% 4/21/24
    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.

    Independence Bank Of Kentucky Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Independence Bank Of Kentucky. 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

    1,614

    Origination Dollar Volume (All Markets)

    $202,120,000

    Employee count

    376 Show all (9) 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
    OWENSBORO, KY (FHA|USDA|VA) 430 $55,340,000 $128,698 $2,076 4.78%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 256 $24,600,000 $96,094 $2,049 4.97%
    BOWLING GREEN, KY (FHA|USDA|VA) 145 $24,365,000 $168,034 $2,149 4.95%
    Madisonville, KY (FHA|USDA|VA) 183 $19,275,000 $105,328 $2,356 5.02%
    Paducah, KY-IL (FHA|USDA|VA) 127 $19,225,000 $151,378 $1,823 4.81%
    Outside of Metro Areas 198 $18,590,000 $93,889 $2,293 4.97%
    Frankfort, KY (FHA|USDA|VA) 65 $9,985,000 $153,615 $2,944 4.69%
    LOUISVILLE, KY (FHA|USDA|VA) 46 $7,840,000 $170,435 $2,729 4.59%
    Murray, KY (FHA|USDA|VA) 53 $6,835,000 $128,962 $2,281 4.97%
    Mayfield, KY (FHA|USDA|VA) 55 $6,625,000 $120,455 $2,011 4.92%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 11 $1,845,000 $167,727 $2,506 4.76%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $1,690,000 $422,500 $1,290 5.22%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $1,080,000 $270,000 $2,415 4.15%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 10 $1,060,000 $106,000 $2,897 4.75%
    Paris, TN (FHA|USDA|VA) 5 $665,000 $133,000 $2,347 4.76%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $485,000 $485,000 $1,839 4.00%
    Central City, KY (FHA|USDA|VA) 4 $480,000 $120,000 $1,756 4.56%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 6 $430,000 $71,667 $0 5.25%
    CLEVELAND, TN (FHA|USDA|VA) 1 $355,000 $355,000 $6,287 3.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $320,000 $160,000 $4,358 5.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $305,000 $305,000 $5,183 3.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.75%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.50%
    Somerset, KY (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.50%
    Vincennes, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,282 4.38%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.75%
    Crossville, TN (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.50%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $15,000 $15,000 $0 6.00%
    Independence Bank Of Kentucky's top markets include Owensboro, Evansville, Bowling Green, Madisonville, and Paducah among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Independence Bank of Kentucky based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    EVANSVILLE
    Similarity Rank: 32
    Heritage Federal Credit Union
    Similarity Rank: 72
    Edmonton State Bank
    Similarity Rank: 154
    Morgantown Bank & Trust Company, Incorporated
    Similarity Rank: 162
    Advanz Federal Credit Union
    Similarity Rank: 360
    The Peoples Bank
    Similarity Rank: 400
    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 420
    COMMONWEALTH
    Similarity Rank: 528
    TRANSCEND
    Similarity Rank: 702
    PARK COMMUNITY CREDIT UNION, INC.
    Similarity Rank: 912

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,053 $164,125,000 $155,864 $2,193 4.72%
    HELOC 561 $37,995,000 $67,727 n/a 5.19%

    For 2019, Independence Bank Of Kentucky's most frequently originated type of loan was Conventional, with 1,053 originations. Their 2nd most popular type was HELOC, with 561 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 617 $95,565,000 $154,887 $2,335 4.71%
    Other 414 $27,380,000 $66,135 $861 5.22%
    Refi 334 $49,050,000 $146,856 $1,972 4.82%
    Cash Out Refi 193 $25,465,000 $131,943 $2,160 4.74%
    Home Improvement 56 $4,660,000 $83,214 $2,838 5.16%

    For 2019, Independence Bank Of Kentucky's most frequently cited loan purpose was Home Purchase, with 617 originations. The 2nd most popular reason was Other, with 414 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 701 $56,095,000 $80,021 $2,137 4.93%
    30 Year 442 $80,710,000 $182,602 $2,338 4.39%
    Other 326 $41,900,000 $128,528 $1,395 5.43%
    20 Year 65 $9,115,000 $140,231 $2,113 4.61%
    10 Year 37 $2,825,000 $76,351 $1,515 4.78%
    5 Year 25 $8,635,000 $345,400 $797 5.84%
    1 Year 15 $2,745,000 $183,000 $2,526 5.48%
    3 Year 3 $95,000 $31,667 $1,098 5.67%

    For 2019, Independence Bank Of Kentucky's most frequently cited loan duration was 15 Year, with 701 originations. The 2nd most popular length was 30 Year, with 442 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 557 $84,035,000 $150,871
    $1k-2k 96 $13,190,000 $137,396
    $2k-3k 42 $8,680,000 $206,667
    $3k-4k 15 $6,415,000 $427,667
    $4k-5k 3 $1,165,000 $388,333
    $5k+ 1 $1,175,000 $1,175,000

    Independence Bank Of Kentucky's average total fees were $2,338, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 557 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 704 $64,900,000 $92,188
    4-5% 517 $76,595,000 $148,153
    3-4% 318 $54,130,000 $170,220
    6-7% 28 $1,230,000 $43,929
    2.5-3% 17 $2,045,000 $120,294
    7-8% 6 $130,000 $21,667
    Over 8% 1 $15,000 $15,000

    During 2019, Independence Bank Of Kentucky's average interest rate for loans was 4.39%, while their most frequently originated rate bucket for loans was 5-6%, with 704 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 865 $43,735,000 $50,561 $1,680 5.19%
    $100k-200k 489 $68,435,000 $139,949 $2,249 4.61%
    $200k-400k 224 $57,760,000 $257,857 $2,615 4.36%
    $400k-600k 21 $9,365,000 $445,952 $2,500 4.32%
    $600k-1MM 8 $6,220,000 $777,500 $4,922 4.88%
    $1MM+ 7 $16,605,000 $2,372,143 $9,407 5.12%

    2019 saw Independence Bank Of Kentucky place emphasis on $100,000 or less loans with 865 originations, totaling $43,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 339 $24,705,000 $72,876 $1,850 4.94%
    $50k-75k 315 $31,245,000 $99,190 $2,124 4.74%
    $100k-150k 290 $36,200,000 $124,828 $2,265 4.90%
    $75k-100k 275 $32,375,000 $117,727 $2,427 4.81%
    $150k-250k 121 $19,745,000 $163,182 $2,555 4.78%
    $250k+ 70 $17,990,000 $257,000 $3,250 4.86%

    Independence Bank Of Kentucky lent most frequently to those with incomes in the $50k or less range, with 339 originations. The second most popular income band? $50k-75k, with 315 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 374 $42,470,000 $113,556 $2,265 4.78%
    <20% 318 $29,740,000 $93,522 $2,060 4.96%
    30-36% 222 $28,810,000 $129,775 $2,291 4.62%
    39% 36 $5,480,000 $152,222 $2,561 4.71%
    36% 36 $3,740,000 $103,889 $1,985 4.79%
    37% 35 $4,025,000 $115,000 $1,981 4.80%
    38% 34 $4,090,000 $120,294 $2,160 4.96%
    40% 32 $5,260,000 $164,375 $2,602 4.78%
    42% 31 $3,775,000 $121,774 $1,954 4.75%
    43% 29 $3,555,000 $122,586 $2,195 4.71%
    44% 26 $2,890,000 $111,154 $2,135 4.82%
    41% 23 $3,065,000 $133,261 $2,321 4.63%
    45% 19 $2,845,000 $149,737 $2,296 4.66%
    >60% 18 $2,190,000 $121,667 $1,403 5.26%
    46% 15 $1,795,000 $119,667 $1,740 4.52%
    48% 14 $2,450,000 $175,000 $2,151 4.71%
    50-60% 14 $2,050,000 $146,429 $2,320 4.80%
    49% 13 $2,255,000 $173,462 $2,277 4.72%
    47% 8 $1,060,000 $132,500 $2,175 4.43%

    Independence Bank Of Kentucky lent most frequently to those with DTI ratios of 20-30%, with 374 originations. The next most common DTI ratio? <20%, with 318 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,405 $163,235,000 $116,181 $2,209 4.83%
    Not applicable 173 $35,385,000 $204,538 $0 5.36%
    Asian 10 $1,470,000 $147,000 $2,390 4.24%
    Black 15 $1,015,000 $67,667 $1,608 5.18%
    Not provided 10 $940,000 $94,000 $1,250 5.86%
    Asian Indian 1 $75,000 $75,000 $1,293 3.25%

    Approval Rates

    Total approvals of all applications
    91.87%

    Independence Bank Of Kentucky has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.56%

    Independence Bank Of Kentucky has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,614 $202,120,000 $125,229

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $14,305,000 $2,043,571
    Single Family (1-4 Units):Manufactured 37 $1,805,000 $48,784
    Single Family (1-4 Units):Site-Built 1,570 $186,010,000 $118,478

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 277 $31,635,000 $114,206 $1,590 5.06%
    40-60% 220 $23,960,000 $108,909 $1,956 4.75%
    60-80% 462 $74,100,000 $160,390 $2,334 4.68%
    80-100% 384 $59,430,000 $154,766 $2,340 4.74%
    Over 100% 10 $1,740,000 $174,000 $2,978 5.76%
    Under 20% 248 $9,310,000 $37,540 $1,253 5.37%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Independence Bank of Kentucky 100 East College Street Mayfield, KY 42066 Full Service B&M $30,664
    Independence Bank of Kentucky 1100 Barrett Boulevard Henderson, KY 42420 Full Service B&M $22,122
    Independence Bank of Kentucky 1228 Us-127 South Frankfort, KY 40601 Full Service B&M $15,279
    Independence Bank of Kentucky 1776 North Main Street Madisonville, KY 42431 Full Service B&M $78,321
    Independence Bank of Kentucky 1950 Scottsville Road Bowling Green, KY 42104 Full Service B&M $174,282
    Independence Bank of Kentucky 211 U.S. Highway 41-A South Providence, KY 42450 Full Service B&M $55,110
    Independence Bank of Kentucky 225 U.S. Highway 60 East Hawesville, KY 42348 Full Service B&M $36,684
    Independence Bank of Kentucky 2415 Nashville Rd Bowling Green, KY 42101 Full Service B&M $19,732
    Independence Bank of Kentucky 2425 Frederica Street Owensboro, KY 42301 Full Service B&M $728,028
    Independence Bank of Kentucky 2465 Parrish Avenue Owensboro, KY 42301 Full Service B&M $46,336
    Independence Bank of Kentucky 2610 Zion Road Henderson, KY 42420 Full Service B&M $25,432
    Independence Bank of Kentucky 2711 New Holt Road Paducah, KY 42001 Full Service B&M $33,551
    Independence Bank of Kentucky 308 U.S. Highway 41 Sebree, KY 42455 Full Service B&M $46,758
    Independence Bank of Kentucky 3143 Broadway Street Paducah, KY 42001 Full Service B&M $128,183
    Independence Bank of Kentucky 3228 Highway 54 Owensboro, KY 42303 Full Service B&M $56,708
    Independence Bank of Kentucky 3312 Lone Oak Road Paducah, KY 42003 Full Service B&M $16,850
    Independence Bank of Kentucky 3901 Shelbyville Road Louisville, KY 40207 Full Service B&M $43,411
    Independence Bank of Kentucky 507 North 12th Street Murray, KY 42071 Full Service B&M $32,848
    Independence Bank of Kentucky 614 Henton Street Livermore, KY 42352 Full Service B&M $46,286
    Independence Bank of Kentucky 629 East Center Street Madisonville, KY 42431 Full Service B&M $7,367
    Independence Bank of Kentucky 629 Versaille Road Frankfort, KY 40601 Full Service B&M $37,639
    Independence Bank of Kentucky 721 South 12th Street Murray, KY 42071 Full Service B&M $5,179
    Independence Bank of Kentucky 76 South Green Street Henderson, KY 42420 Full Service B&M $184,023
    Independence Bank of Kentucky 8523 U.S. Highway 60 West Lewisport, KY 42351 Full Service B&M $15,700
    Independence Bank of Kentucky 877 Fairview Avenue Bowling Green, KY 42101 Full Service B&M $36,280

    For 2019, Independence Bank Of Kentucky had 25 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $105,702
    Net interest income $73,800
    Total noninterest income $10,691
    Gross Fiduciary activities income $3,679
    Service charges on deposit accounts $1,764
    Trading account gains and fees $0
    Additional Noninterest Income $5,248
    Pre-tax net operating income $28,057
    Securities gains (or losses, -) $0
    Income before extraordinary items $28,057
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $28,057
    Minority interest net income $0
    Net income $28,057
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $28,057

    Independence Bank Of Kentucky's gross interest income from loans was $105,702,000.
    Independence Bank Of Kentucky's net interest income from loans was $73,800,000.
    Independence Bank Of Kentucky's fee based income from loans was $1,764,000.
    Independence Bank Of Kentucky's net income from loans was $28,057,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $31,902
    Provision for credit losses $500
    Total noninterest expense $55,934
    Salaries and employee benefits $32,509
    Premises and equipment expense $6,673
    Additional noninterest expense $16,752
    Applicable income taxes $0
    Net charge-offs $1,116
    Cash dividends $9,151

    Independence Bank Of Kentucky's interest expense for loans was $31,902,000.
    Independence Bank Of Kentucky's payroll and benefits expense were $32,509,000.
    Independence Bank Of Kentucky's property, plant and equipment expenses $6,673,000.

    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 $2,056,461
    Deposits held in domestic offices $2,056,461
    Deposits by Individuals, partnerships, and corporations $1,416,814
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $636,947
    Deposits by Commercial banks and other depository institutions in U.S. $2,698
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $193,603
    Demand deposits $155,493
    Nontransaction accounts $1,862,858
    Money market deposit accounts (MMDAs) $281,601
    Other savings deposits (excluding MMDAs) $1,156,798
    Total time deposits $424,459
    Total time and savings deposits $1,900,968
    Noninterest-bearing deposits $266,751
    Interest-bearing deposits $1,789,710
    Retail deposits $1,779,808
    IRAs and Keogh plan accounts $27,398
    Brokered deposits $221,990
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,596,482
    Cash & Balances due from depository institutions $45,241
    Interest-bearing balances $34,075
    Total securities $1,069,808
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,355,505
    Loan and leases loss allowance $13,209
    Trading account assets $0
    Bank premises and fixed assets $83,849
    Other real estate owned $3,961
    Goodwill and other intangibles $3,643
    All other assets $34,475

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,596,482
    Total Liabilities $2,383,069
    Total deposits $2,056,461
    Interest-bearing deposits $1,789,710
    Deposits held in domestic offices $2,056,461
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $3,530
    Trading liabilities $0
    Other borrowed funds $315,551
    Subordinated debt $0
    All other liabilities $7,527

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,355,505
    Loan and leases loss allowance $13,209
    Total loans and leases (domestic) $1,368,714
    All real estate loans $1,166,497
    Real estate loans in domestic offices $1,166,497
    Construction and development loans $81,331
    Residential 1-4 family construction $30,729
    Other construction, all land development and other land $50,602
    Loans secured by nonfarm nonresidential properties $359,361
    Nonfarm nonresidential secured by owner-occupied properties $214,704
    Commercial real estate & other non-farm, non-residential $144,657
    Multifamily residential real estate $54,592
    1-4 family residential loans $449,710
    Farmland loans $221,503
    Loans held in foreign offices $0
    Farm loans $74,063
    Commercial and industrial loans $110,602
    To non-U.S. addressees $0
    Loans to individuals $10,976
    Credit card loans $0
    Related Plans $137
    Consumer Auto Loans $3,856
    Other loans to individuals $6,983
    All other loans & leases $6,576
    Loans to foreign governments and official institutions $0
    Other loans $849
    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 $539
    Non 1-4 family restructured loans & leases $539
    Total loans and leases (foreign) $0

    Independence Bank of Kentucky had $1,355,505,000 of loans outstanding in 2019. $1,166,497,000 of loans were in real estate loans. $81,331,000 of loans were in development loans. $54,592,000 of loans were in multifamily mortgage loans. $449,710,000 of loans were in 1-4 family mortgage loans. $74,063,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,856,000 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 770 $126,180 $163,870
    Nonfarm, nonresidential loans - <$100k 250 $10,350 $41,400
    Nonfarm, nonresidential loans - $100-250k 289 $36,042 $124,713
    Nonfarm, nonresidential loans - $250k-1MM 231 $79,788 $345,403
    Commercial & Industrial, US addressed loans - <$1MM 1,207 $58,960 $48,848
    Commercial & Industrial, US addressed loans - <$100k 933 $20,620 $22,101
    Commercial & Industrial, US addressed loans - $100-250k 156 $14,905 $95,545
    Commercial & Industrial, US addressed loans - $250k-1MM 118 $23,435 $198,602
    Farmland loans - <$1MM 788 $89,450 $113,515
    Farmland loans - <$100k 330 $13,553 $41,070
    Farmland loans - $100-250k 303 $34,456 $113,716
    Farmland loans - $250k-1MM 155 $41,441 $267,361
    Agriculture operations loans - <$1MM 660 $36,251 $54,926
    Agriculture operations loans - <$100k 522 $12,372 $23,701
    Agriculture operations loans - $100-250k 82 $9,634 $117,488
    Agriculture operations loans - $250k-1MM 56 $14,245 $254,375