Morgantown Bank & Trust Company Incorporated Mortgage Rates, Fees & Info

Morgantown, KY

LEI: 5493007ZN3JNCBPMI730

Tax ID: 61-0286270

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Morgantown Bank & Trust Company Incorporated is a smaller bank specializing in Refi and Home Purchase loans. Morgantown Bank & Trust Company Incorporated has a high proportion of conventional loans. Their top markets by origination volume include: Bowling Green, Nashville, Lexington, Central City, and Louisville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Morgantown Bank & Trust Company Incorporated 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. Morgantown Bank & Trust Company Incorporated 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
    30 Year Conventional Purchase 7.26% 9/8/24
    30 Year Conventional Refi 6.94% 9/8/24
    15 Year Conventional Purchase 6.43% 9/8/24
    15 Year Conventional Refi 6.71% 9/8/24
    15 Year Cash-out Refi 6.71% 9/8/24
    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.

    Morgantown Bank & Trust Company Incorporated Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Morgantown Bank & Trust Company Incorporated. 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

    116

    Origination Dollar Volume (All Markets)

    $15,870,000

    Employee count

    54

    Awards

    Morgantown Bank & Trust Company Incorporated 30 Year Conventional Loans gold Morgantown Bank & Trust Company Incorporated 30 Year Conventional Loans gold
    Show all (2) 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
    BOWLING GREEN, KY (FHA|USDA|VA) 101 $13,155,000 $130,248 $1,289 5.36%
    Outside of Metro Areas 9 $1,095,000 $121,667 $1,814 5.62%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $715,000 $715,000 $1,804 2.56%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $415,000 $415,000 $2,163 5.60%
    Central City, KY (FHA|USDA|VA) 3 $315,000 $105,000 $1,969 4.79%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $175,000 $175,000 $832 5.75%
    Morgantown Bank & Trust Company Incorporated's top markets include Bowling Green, Nashville, Lexington, Central City, and Louisville among others.

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

    • Similar Lenders

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

    Edmonton State Bank
    Similarity Rank: 154
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    Similarity Rank: 162
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 116 $15,870,000 $136,810 $1,348 5.35%

    For 2019, Morgantown Bank & Trust Company Incorporated's most frequently originated type of loan was Conventional, with 116 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 54 $8,280,000 $153,333 $1,248 5.38%
    Home Purchase 50 $7,200,000 $144,000 $1,792 5.26%
    Other 7 $275,000 $39,286 $862 5.46%
    Home Improvement 5 $115,000 $23,000 $940 5.68%

    For 2019, Morgantown Bank & Trust Company Incorporated's most frequently cited loan purpose was Refi, with 54 originations. The 2nd most popular reason was Home Purchase, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 34 $5,720,000 $168,235 $1,381 5.10%
    20 Year 30 $3,810,000 $127,000 $1,527 5.22%
    15 Year 14 $1,720,000 $122,857 $1,285 5.46%
    10 Year 13 $1,055,000 $81,154 $1,144 5.58%
    1 Year 10 $1,590,000 $159,000 $1,214 5.51%
    Other 10 $1,670,000 $167,000 $1,498 5.55%
    5 Year 4 $290,000 $72,500 $779 6.19%
    3 Year 1 $15,000 $15,000 $570 5.95%

    For 2019, Morgantown Bank & Trust Company Incorporated's most frequently cited loan duration was 30 Year, with 34 originations. The 2nd most popular length was 20 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 69 $8,475,000 $122,826
    $1k-2k 1 $245,000 $245,000

    Morgantown Bank & Trust Company Incorporated's average total fees were $1,381, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 69 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 77 $9,875,000 $128,247
    4-5% 24 $3,580,000 $149,167
    6-7% 8 $320,000 $40,000
    3-4% 4 $1,170,000 $292,500
    2.5-3% 3 $925,000 $308,333

    During 2019, Morgantown Bank & Trust Company Incorporated's average interest rate for loans was 5.10%, while their most frequently originated rate bucket for loans was 5-6%, with 77 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $3,295,000 $55,847 $1,161 5.58%
    $100k-200k 31 $4,225,000 $136,290 $1,480 5.22%
    $200k-400k 19 $4,935,000 $259,737 $1,515 5.07%
    $400k-600k 6 $2,700,000 $450,000 $1,850 5.10%
    $600k-1MM 1 $715,000 $715,000 $1,804 2.56%

    2019 saw Morgantown Bank & Trust Company Incorporated place emphasis on $100,000 or less loans with 59 originations, totaling $3,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 28 $2,370,000 $84,643 $1,329 5.47%
    $50k-75k 22 $2,320,000 $105,455 $1,336 5.24%
    $100k-150k 19 $2,545,000 $133,947 $1,388 5.37%
    $75k-100k 16 $2,260,000 $141,250 $1,406 5.37%
    $150k-250k 6 $1,440,000 $240,000 $1,571 5.31%
    $250k+ 2 $940,000 $470,000 $1,213 4.70%

    Morgantown Bank & Trust Company Incorporated lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $50k-75k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 25 $3,035,000 $121,400 $1,460 4.84%
    <20% 20 $1,480,000 $74,000 $1,108 5.39%
    30-36% 9 $925,000 $102,778 $1,251 5.61%
    40% 3 $395,000 $131,667 $1,123 6.03%
    42% 3 $505,000 $168,333 $1,014 5.23%
    50-60% 2 $430,000 $215,000 $654 6.23%
    37% 2 $30,000 $15,000 $827 6.00%
    38% 2 $310,000 $155,000 $1,446 5.48%
    41% 1 $105,000 $105,000 $1,538 6.00%
    44% 1 $245,000 $245,000 $3,028 5.75%
    39% 1 $175,000 $175,000 $2,266 5.50%

    Morgantown Bank & Trust Company Incorporated lent most frequently to those with DTI ratios of 20-30%, with 25 originations. The next most common DTI ratio? <20%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 99 $13,185,000 $133,182 $1,348 5.30%
    Not applicable 17 $2,685,000 $157,941 $0 5.62%

    Approval Rates

    Total approvals of all applications
    95.04%

    Morgantown Bank & Trust Company Incorporated 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
    84.48%

    Morgantown Bank & Trust Company Incorporated has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 116 $15,870,000 $136,810

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $960,000 $480,000
    Single Family (1-4 Units):Manufactured 3 $145,000 $48,333
    Single Family (1-4 Units):Site-Built 111 $14,765,000 $133,018

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $1,230,000 $153,750 $1,655 5.69%
    40-60% 26 $3,680,000 $141,538 $1,364 5.44%
    60-80% 48 $6,490,000 $135,208 $1,464 5.26%
    80-100% 27 $3,885,000 $143,889 $1,188 5.19%
    Under 20% 7 $585,000 $83,571 $719 5.76%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    MORGAN STANLEY & CO. LLC Conventional home mortgage Closing on a mortgage 1 8.3%
    MORGAN STANLEY & CO. LLC Conventional home mortgage Incorrect information on your report 1 8.3%
    MORGAN STANLEY & CO. LLC Conventional home mortgage Struggling to pay mortgage 3 25.0%
    MORGAN STANLEY & CO. LLC Conventional home mortgage Trouble during payment process 6 50.0%
    MORGAN STANLEY & CO. LLC Other type of mortgage Struggling to pay mortgage 1 8.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Morgantown Bank & Trust Company, Incorporated 1848 Morgantown Road Bowling Green, KY 42101 Full Service B&M $16,463
    Morgantown Bank & Trust Company, Incorporated 1945 Scottsville Road Suite C-5 Bowling Green, KY 42104 Full Service B&M $19,459
    Morgantown Bank & Trust Company, Incorporated 201 N Main Street Morgantown, KY 42261 Full Service B&M $115,187
    Morgantown Bank & Trust Company, Incorporated 208 N. Main Street Morgantown, KY 42261 Limited, Drive-thru $0
    Morgantown Bank & Trust Company, Incorporated U.S. Highway 70 & State Highway 403 Morgantown, KY 42261 Full Service B&M $17,728

    For 2019, Morgantown Bank & Trust Company Incorporated had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,032
    Net interest income $6,934
    Total noninterest income $1,930
    Gross Fiduciary activities income $24
    Service charges on deposit accounts $597
    Trading account gains and fees $0
    Additional Noninterest Income $1,309
    Pre-tax net operating income $1,383
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,181
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,181
    Minority interest net income $0
    Net income $1,181
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,181

    Morgantown Bank & Trust Company Incorporated's gross interest income from loans was $9,032,000.
    Morgantown Bank & Trust Company Incorporated's net interest income from loans was $6,934,000.
    Morgantown Bank & Trust Company Incorporated's fee based income from loans was $597,000.
    Morgantown Bank & Trust Company Incorporated's net income from loans was $1,181,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,098
    Provision for credit losses $0
    Total noninterest expense $7,481
    Salaries and employee benefits $3,414
    Premises and equipment expense $720
    Additional noninterest expense $3,347
    Applicable income taxes $202
    Net charge-offs $35
    Cash dividends $395

    Morgantown Bank & Trust Company Incorporated's interest expense for loans was $2,098,000.
    Morgantown Bank & Trust Company Incorporated's payroll and benefits expense were $3,414,000.
    Morgantown Bank & Trust Company Incorporated's property, plant and equipment expenses $720,000.

    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 $174,378
    Deposits held in domestic offices $174,378
    Deposits by Individuals, partnerships, and corporations $158,650
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $15,728
    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 $63,425
    Demand deposits $58,945
    Nontransaction accounts $110,953
    Money market deposit accounts (MMDAs) $13,787
    Other savings deposits (excluding MMDAs) $22,915
    Total time deposits $74,251
    Total time and savings deposits $115,433
    Noninterest-bearing deposits $29,047
    Interest-bearing deposits $145,331
    Retail deposits $163,369
    IRAs and Keogh plan accounts $14,243
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $207,027
    Cash & Balances due from depository institutions $4,987
    Interest-bearing balances $2,324
    Total securities $35,148
    Federal funds sold & reverse repurchase $5,488
    Net loans and leases $154,403
    Loan and leases loss allowance $1,229
    Trading account assets $0
    Bank premises and fixed assets $3,518
    Other real estate owned $27
    Goodwill and other intangibles $0
    All other assets $3,456

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $207,027
    Total Liabilities $188,862
    Total deposits $174,378
    Interest-bearing deposits $145,331
    Deposits held in domestic offices $174,378
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $12,083
    Subordinated debt $0
    All other liabilities $2,401

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $154,403
    Loan and leases loss allowance $1,229
    Total loans and leases (domestic) $155,632
    All real estate loans $132,097
    Real estate loans in domestic offices $132,097
    Construction and development loans $4,758
    Residential 1-4 family construction $3,086
    Other construction, all land development and other land $1,672
    Loans secured by nonfarm nonresidential properties $19,261
    Nonfarm nonresidential secured by owner-occupied properties $8,740
    Commercial real estate & other non-farm, non-residential $10,521
    Multifamily residential real estate $3,700
    1-4 family residential loans $88,952
    Farmland loans $15,426
    Loans held in foreign offices $0
    Farm loans $4,494
    Commercial and industrial loans $10,273
    To non-U.S. addressees $0
    Loans to individuals $8,717
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,333
    Other loans to individuals $4,384
    All other loans & leases $51
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Morgantown Bank & Trust Company Incorporated had $154,403,000 of loans outstanding in 2019. $132,097,000 of loans were in real estate loans. $4,758,000 of loans were in development loans. $3,700,000 of loans were in multifamily mortgage loans. $88,952,000 of loans were in 1-4 family mortgage loans. $4,494,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,333,000 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 123 $17,876 $145,333
    Nonfarm, nonresidential loans - <$100k 51 $2,001 $39,235
    Nonfarm, nonresidential loans - $100-250k 37 $4,498 $121,568
    Nonfarm, nonresidential loans - $250k-1MM 35 $11,377 $325,057
    Commercial & Industrial, US addressed loans - <$1MM 151 $7,464 $49,430
    Commercial & Industrial, US addressed loans - <$100k 128 $2,762 $21,578
    Commercial & Industrial, US addressed loans - $100-250k 14 $1,160 $82,857
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $3,542 $393,556
    Farmland loans - <$1MM 94 $10,736 $114,213
    Farmland loans - <$100k 45 $1,689 $37,533
    Farmland loans - $100-250k 34 $4,778 $140,529
    Farmland loans - $250k-1MM 15 $4,269 $284,600
    Agriculture operations loans - <$1MM 91 $2,654 $29,165
    Agriculture operations loans - <$100k 82 $1,365 $16,646
    Agriculture operations loans - $100-250k 8 $962 $120,250
    Agriculture operations loans - $250k-1MM 1 $327 $327,000