Bath State Bank Mortgage Rates, Fees & Info

Franklin, IN

LEI: 54930031L785BSBDTE46

Tax ID: 35-0683650

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

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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

    Bath State Bank is a smaller bank specializing in Refi and Cash Out Refi loans. Bath State Bank has a high proportion of conventional loans. Bath State Bank has a low ratio of conventional loans. Their top markets by origination volume include: Cincinnati, Connersville, Richmond, Indianapolis, and Orlando among others. We have data for 13 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. Bath State Bank 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.

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    Originations

    335

    Origination Dollar Volume (All Markets)

    $54,405,000

    Employee count

    42

    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) 258 $42,510,000 $164,767 $1,366 4.13%
    Outside of Metro Areas 20 $3,540,000 $177,000 $0 0.00%
    Connersville, IN (FHA|USDA|VA) 21 $2,545,000 $121,190 $0 0.00%
    Richmond, IN (FHA|USDA|VA) 19 $2,385,000 $125,526 $0 0.00%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $990,000 $165,000 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $670,000 $335,000 $0 0.00%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $465,000 $155,000 $0 0.00%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    Greensburg, IN (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    New Castle, IN (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Athens, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Bath State Bank's top markets include Cincinnati, Connersville, Richmond, Indianapolis, and Orlando among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 334 $54,260,000 $162,455 $0 0.00%
    Conventional 1 $145,000 $145,000 $1,366 4.13%

    For 2020, Bath State Bank's most frequently originated type of loan was Conventional, with 334 originations. Their 2nd most popular type was Conventional, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 147 $27,245,000 $185,340 $0 0.00%
    Cash Out Refi 97 $14,955,000 $154,175 $0 0.00%
    Home Purchase 70 $9,710,000 $138,714 $1,366 4.13%
    Home Improvement 17 $2,105,000 $123,824 $0 0.00%
    Other 4 $390,000 $97,500 $0 0.00%

    For 2020, Bath State Bank's most frequently cited loan purpose was Refi, with 147 originations. The 2nd most popular reason was Cash Out Refi, with 97 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 334 $54,260,000 $162,455 $0 0.00%
    30 Year 1 $145,000 $145,000 $1,366 4.13%

    For 2020, Bath State Bank's most frequently cited loan duration was Other, with 334 originations. The 2nd most popular length was 30 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1 $145,000 $145,000

    Bath State Bank's average total fees were $1,366, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1 $145,000 $145,000

    During 2020, Bath State Bank's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 4-5%, with 1 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 139 $20,065,000 $144,353 $1,366 4.13%
    $100,000 or less 101 $6,975,000 $69,059 $0 0.00%
    $200k-400k 88 $23,960,000 $272,273 $0 0.00%
    $400k-600k 6 $2,700,000 $450,000 $0 0.00%
    $600k-1MM 1 $705,000 $705,000 $0 0.00%

    2020 saw Bath State Bank place emphasis on $100k-200k loans with 139 originations, totaling $20,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 77 $14,365,000 $186,558 $0 0.00%
    $50k-75k 71 $9,025,000 $127,113 $1,366 4.13%
    $50k or less 64 $6,140,000 $95,938 $0 0.00%
    $75k-100k 58 $8,360,000 $144,138 $0 0.00%
    $150k-250k 48 $12,210,000 $254,375 $0 0.00%
    $250k+ 9 $3,075,000 $341,667 $0 0.00%

    Bath State Bank lent most frequently to those with incomes in the $100k-150k range, with 77 originations. The second most popular income band? $50k-75k, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 334 $54,260,000 $162,455 $0 0.00%
    40% 1 $145,000 $145,000 $1,366 4.13%

    Bath State Bank lent most frequently to those with DTI ratios of Exempt%, with 334 originations. The next most common DTI ratio? 40%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 328 $53,060,000 $161,768 $1,366 4.13%
    Asian 3 $745,000 $248,333 $0 0.00%
    Not applicable 3 $495,000 $165,000 $0 0.00%
    Black 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.71%

    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
    97.31%

    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 334 $54,260,000 $162,455
    NA 1 $145,000 $145,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $115,000 $115,000
    Single Family (1-4 Units):Manufactured 7 $485,000 $69,286
    Single Family (1-4 Units):Site-Built 327 $53,805,000 $164,541

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    80-100% 1 $145,000 $145,000 $1,366 4.13%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bath State Bank 110 North Main Street Liberty, IN 47353 Full Service B&M $8,280
    Bath State Bank 3095 Bath Road Bath, IN 47010 Full Service B&M $111,385
    Bath State Bank 3828 South Highway 27 West College Corner, IN 47003 Full Service B&M $37,620

    For 2020, Bath State Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,853
    Net interest income $6,088
    Total noninterest income $1,998
    Gross Fiduciary activities income $27
    Service charges on deposit accounts $66
    Trading account gains and fees $0
    Additional Noninterest Income $1,905
    Pre-tax net operating income $2,340
    Securities gains (or losses, -) $5
    Income before extraordinary items $2,345
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,345
    Minority interest net income $0
    Net income $2,345
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,340

    Bath State Bank's gross interest income from loans was $7,853,000.
    Bath State Bank's net interest income from loans was $6,088,000.
    Bath State Bank's fee based income from loans was $66,000.
    Bath State Bank's net income from loans was $2,345,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,765
    Provision for credit losses $30
    Total noninterest expense $5,716
    Salaries and employee benefits $4,060
    Premises and equipment expense $629
    Additional noninterest expense $1,027
    Applicable income taxes $0
    Net charge-offs $32
    Cash dividends $740

    Bath State Bank's interest expense for loans was $1,765,000.
    Bath State Bank's payroll and benefits expense were $4,060,000.
    Bath State Bank's property, plant and equipment expenses $629,000.

    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 1.0%
    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 $178,835
    Deposits held in domestic offices $178,835
    Deposits by Individuals, partnerships, and corporations $157,061
    Deposits by U.S. Government $5
    Deposits by States and political subdivisions in the U.S. $21,769
    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 $53,666
    Demand deposits $31,019
    Nontransaction accounts $125,169
    Money market deposit accounts (MMDAs) $50,865
    Other savings deposits (excluding MMDAs) $14,397
    Total time deposits $59,908
    Total time and savings deposits $147,816
    Noninterest-bearing deposits $31,025
    Interest-bearing deposits $147,811
    Retail deposits $168,593
    IRAs and Keogh plan accounts $12,523
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $206,943
    Cash & Balances due from depository institutions $3,944
    Interest-bearing balances $100
    Total securities $40,153
    Federal funds sold & reverse repurchase $0
    Net loans and leases $151,542
    Loan and leases loss allowance $2,129
    Trading account assets $0
    Bank premises and fixed assets $2,879
    Other real estate owned $0
    Goodwill and other intangibles $1,324
    All other assets $7,101

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $206,943
    Total Liabilities $187,913
    Total deposits $178,835
    Interest-bearing deposits $147,811
    Deposits held in domestic offices $178,835
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $629
    Trading liabilities $0
    Other borrowed funds $7,000
    Subordinated debt $0
    All other liabilities $1,449

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $151,542
    Loan and leases loss allowance $2,129
    Total loans and leases (domestic) $153,671
    All real estate loans $97,864
    Real estate loans in domestic offices $97,864
    Construction and development loans $6,998
    Residential 1-4 family construction $6,214
    Other construction, all land development and other land $784
    Loans secured by nonfarm nonresidential properties $11,527
    Nonfarm nonresidential secured by owner-occupied properties $8,934
    Commercial real estate & other non-farm, non-residential $2,593
    Multifamily residential real estate $386
    1-4 family residential loans $33,602
    Farmland loans $45,351
    Loans held in foreign offices $0
    Farm loans $45,679
    Commercial and industrial loans $7,132
    To non-U.S. addressees $0
    Loans to individuals $3,133
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,782
    Other loans to individuals $1,351
    All other loans & leases $0
    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 $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $765
    Non 1-4 family restructured loans & leases $765
    Total loans and leases (foreign) $0

    Bath State Bank had $151,542,000 of loans outstanding in 2020. $97,864,000 of loans were in real estate loans. $6,998,000 of loans were in development loans. $386,000 of loans were in multifamily mortgage loans. $33,602,000 of loans were in 1-4 family mortgage loans. $45,679,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,782,000 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 66 $9,411 $142,591
    Nonfarm, nonresidential loans - <$100k 22 $656 $29,818
    Nonfarm, nonresidential loans - $100-250k 24 $2,609 $108,708
    Nonfarm, nonresidential loans - $250k-1MM 20 $6,146 $307,300
    Commercial & Industrial, US addressed loans - <$1MM 100 $5,358 $53,580
    Commercial & Industrial, US addressed loans - <$100k 86 $2,049 $23,826
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,225 $111,364
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $2,084 $694,667
    Farmland loans - <$1MM 315 $28,203 $89,533
    Farmland loans - <$100k 83 $2,901 $34,952
    Farmland loans - $100-250k 139 $13,039 $93,806
    Farmland loans - $250k-1MM 93 $12,263 $131,860
    Agriculture operations loans - <$1MM 374 $23,948 $64,032
    Agriculture operations loans - <$100k 265 $6,818 $25,728
    Agriculture operations loans - $100-250k 73 $7,316 $100,219
    Agriculture operations loans - $250k-1MM 36 $9,814 $272,611