Bath State Bank Mortgage Rates, Fees & Info

Franklin, IN

LEI: 54930031L785BSBDTE46

Tax ID: 35-0683650

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Mortgage Data

Review & Overview

Bath State Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bath State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, New Castle, Richmond, Indianapolis, and Connersville among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bath State 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.

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Originations

100

Origination Dollar Volume (All Markets)

$15,260,000

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) 72 $10,250,000 $142,361 $0 0.00%
Outside of Metro Areas 8 $1,360,000 $170,000 $0 0.00%
New Castle, IN (FHA|USDA|VA) 5 $1,195,000 $239,000 $0 0.00%
Richmond, IN (FHA|USDA|VA) 6 $900,000 $150,000 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $540,000 $270,000 $0 0.00%
Connersville, IN (FHA|USDA|VA) 4 $400,000 $100,000 $0 0.00%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Scottsburg, IN (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Bath State Bank's top markets include Cincinnati, New Castle, Richmond, Indianapolis, and Connersville among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 100 $15,260,000 $152,600 $0 0.00%

    For 2023, Bath State Bank's most frequently originated type of loan was Conventional, with 100 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $9,605,000 $204,362 $0 0.00%
    Cash Out Refi 32 $3,520,000 $110,000 $0 0.00%
    Other 8 $950,000 $118,750 $0 0.00%
    Home Improvement 7 $355,000 $50,714 $0 0.00%
    Refi 6 $830,000 $138,333 $0 0.00%

    For 2023, Bath State Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 100 $15,260,000 $152,600 $0 0.00%

    For 2023, Bath State Bank's most frequently cited loan duration was Other, with 100 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 45 $2,635,000 $58,556 $0 0.00%
    $100k-200k 28 $3,880,000 $138,571 $0 0.00%
    $200k-400k 20 $5,470,000 $273,500 $0 0.00%
    $400k-600k 6 $2,650,000 $441,667 $0 0.00%
    $600k-1MM 1 $625,000 $625,000 $0 0.00%

    2023 saw Bath State Bank place emphasis on $100,000 or less loans with 45 originations, totaling $2,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 26 $5,320,000 $204,615 $0 0.00%
    $50k-75k 21 $2,435,000 $115,952 $0 0.00%
    $50k or less 18 $1,650,000 $91,667 $0 0.00%
    $75k-100k 18 $1,500,000 $83,333 $0 0.00%
    $150k-250k 13 $3,305,000 $254,231 $0 0.00%
    $250k+ 3 $815,000 $271,667 $0 0.00%

    Bath State Bank lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $50k-75k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 100 $15,260,000 $152,600 $0 0.00%

    Bath State Bank lent most frequently to those with DTI ratios of Exempt%, with 100 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 99 $15,025,000 $151,768 $0 0.00%
    Not applicable 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Bath State 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
    97.00%

    Bath State 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 100 $15,260,000 $152,600

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    100 $15,260,000 $152,600