Franklin Bank & Trust Company Mortgage Rates, Fees & Info

Franklin, KY

LEI: 5493008MFIR0PTRGGL44

Tax ID: 61-0547583

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Mortgage Data

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

    Franklin Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Franklin Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Bowling Green, Crestview, Panama City, Glasgow, and Nashville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Franklin Bank & 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

    106

    Origination Dollar Volume (All Markets)

    $44,410,000

    Employee count

    82

    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) 48 $21,880,000 $455,833 $0 0.00%
    Outside of Metro Areas 48 $18,470,000 $384,792 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $2,395,000 $2,395,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $765,000 $255,000 $0 0.00%
    Glasgow, KY (FHA|USDA|VA) 3 $565,000 $188,333 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    Jasper, AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Franklin Bank & Trust Company's top markets include Bowling Green, Crestview, Panama City, Glasgow, and Nashville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 106 $44,410,000 $418,962 $0 0.00%

    For 2018, Franklin Bank & Trust Company's most frequently originated type of loan was Conventional, with 106 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $28,340,000 $442,813 $0 0.00%
    Refi 34 $15,650,000 $460,294 $0 0.00%
    Home Improvement 5 $345,000 $69,000 $0 0.00%
    Other 3 $75,000 $25,000 $0 0.00%

    For 2018, Franklin Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 106 $44,410,000 $418,962 $0 0.00%

    For 2018, Franklin Bank & Trust Company's most frequently cited loan duration was Other, with 106 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $2,155,000 $55,256 $0 0.00%
    $100k-200k 29 $3,945,000 $136,034 $0 0.00%
    $200k-400k 20 $5,740,000 $287,000 $0 0.00%
    $1MM+ 8 $26,370,000 $3,296,250 $0 0.00%
    $400k-600k 5 $2,285,000 $457,000 $0 0.00%
    $600k-1MM 5 $3,915,000 $783,000 $0 0.00%

    2018 saw Franklin Bank & Trust Company place emphasis on $100,000 or less loans with 39 originations, totaling $2,155,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 13 $1,195,000 $91,923 $0 0.00%
    $50k-75k 12 $1,150,000 $95,833 $0 0.00%
    $250k+ 8 $4,620,000 $577,500 $0 0.00%
    $75k-100k 8 $1,050,000 $131,250 $0 0.00%
    $100k-150k 7 $665,000 $95,000 $0 0.00%
    $150k-250k 5 $1,245,000 $249,000 $0 0.00%

    Franklin Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 13 originations. The second most popular income band? $50k-75k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 106 $44,410,000 $418,962 $0 0.00%

    Franklin Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 106 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 51 $34,095,000 $668,529 $0 0.00%
    White 49 $9,465,000 $193,163 $0 0.00%
    Asian 1 $685,000 $685,000 $0 0.00%
    Black 5 $165,000 $33,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.12%

    Franklin Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.28%

    Franklin Bank & 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 106 $44,410,000 $418,962

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $405,000 $405,000
    Multifamily:Site-Built 15 $27,375,000 $1,825,000
    Single Family (1-4 Units):Manufactured 2 $270,000 $135,000
    Single Family (1-4 Units):Site-Built 88 $16,360,000 $185,909

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FRANKLIN LOAN CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    FRANKLIN LOAN CORPORATION Conventional home mortgage Struggling to pay mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Franklin Bank & Trust Company 1042 Fairview Avenue, Suite A Bowling Green, KY 42103 Full Service B&M $15,143
    Franklin Bank & Trust Company 2305 Gary Farms Blvd Bowling Green, KY 42104 Full Service B&M $36,172
    Franklin Bank & Trust Company 317 North Main Street Franklin, KY 42134 Full Service B&M $197,759
    Franklin Bank & Trust Company 661 Dishman Lane Ext Bowling Green, KY 42104 Full Service B&M $78,409
    Franklin Bank & Trust Company 903 South Main Street Franklin, KY 42135 Full Service B&M $57,674

    For 2018, Franklin Bank & Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,613
    Net interest income $17,281
    Total noninterest income $3,807
    Gross Fiduciary activities income $674
    Service charges on deposit accounts $2,522
    Trading account gains and fees $0
    Additional Noninterest Income $611
    Pre-tax net operating income $7,615
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,095
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,095
    Minority interest net income $0
    Net income $6,095
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,095

    Franklin Bank & Trust Company's gross interest income from loans was $21,613,000.
    Franklin Bank & Trust Company's net interest income from loans was $17,281,000.
    Franklin Bank & Trust Company's fee based income from loans was $2,522,000.
    Franklin Bank & Trust Company's net income from loans was $6,095,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,332
    Provision for credit losses $1,383
    Total noninterest expense $12,090
    Salaries and employee benefits $6,447
    Premises and equipment expense $892
    Additional noninterest expense $4,751
    Applicable income taxes $1,520
    Net charge-offs $178
    Cash dividends $932

    Franklin Bank & Trust Company's interest expense for loans was $4,332,000.
    Franklin Bank & Trust Company's payroll and benefits expense were $6,447,000.
    Franklin Bank & Trust Company's property, plant and equipment expenses $892,000.

    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 $388,319
    Deposits held in domestic offices $388,319
    Deposits by Individuals, partnerships, and corporations $302,815
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $33,626
    Deposits by Commercial banks and other depository institutions in U.S. $51,878
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $146,603
    Demand deposits $88,829
    Nontransaction accounts $241,716
    Money market deposit accounts (MMDAs) $79,105
    Other savings deposits (excluding MMDAs) $25,943
    Total time deposits $136,668
    Total time and savings deposits $299,490
    Noninterest-bearing deposits $88,829
    Interest-bearing deposits $299,490
    Retail deposits $375,027
    IRAs and Keogh plan accounts $11,789
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $514,936
    Cash & Balances due from depository institutions $55,445
    Interest-bearing balances $38,446
    Total securities $6,461
    Federal funds sold & reverse repurchase $602
    Net loans and leases $428,521
    Loan and leases loss allowance $5,712
    Trading account assets $0
    Bank premises and fixed assets $7,288
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $16,619

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $514,936
    Total Liabilities $453,341
    Total deposits $388,319
    Interest-bearing deposits $299,490
    Deposits held in domestic offices $388,319
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $62,046
    Subordinated debt $0
    All other liabilities $2,976

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $428,521
    Loan and leases loss allowance $5,712
    Total loans and leases (domestic) $434,233
    All real estate loans $302,507
    Real estate loans in domestic offices $302,507
    Construction and development loans $31,965
    Residential 1-4 family construction $6,278
    Other construction, all land development and other land $25,687
    Loans secured by nonfarm nonresidential properties $135,778
    Nonfarm nonresidential secured by owner-occupied properties $62,701
    Commercial real estate & other non-farm, non-residential $73,077
    Multifamily residential real estate $12,903
    1-4 family residential loans $86,768
    Farmland loans $35,093
    Loans held in foreign offices $0
    Farm loans $5,654
    Commercial and industrial loans $107,053
    To non-U.S. addressees $0
    Loans to individuals $7,390
    Credit card loans $0
    Related Plans $128
    Consumer Auto Loans $3,353
    Other loans to individuals $3,909
    All other loans & leases $11,629
    Loans to foreign governments and official institutions $0
    Other loans $4,629
    Loans to depository institutions and acceptances of other banks $7,000
    Loans not secured by real estate $74
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $384
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Franklin Bank & Trust Company had $428,521,000 of loans outstanding in 2018. $302,507,000 of loans were in real estate loans. $31,965,000 of loans were in development loans. $12,903,000 of loans were in multifamily mortgage loans. $86,768,000 of loans were in 1-4 family mortgage loans. $5,654,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,353,000 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 248 $60,499 $243,948
    Nonfarm, nonresidential loans - <$100k 63 $2,811 $44,619
    Nonfarm, nonresidential loans - $100-250k 70 $9,135 $130,500
    Nonfarm, nonresidential loans - $250k-1MM 115 $48,553 $422,200
    Commercial & Industrial, US addressed loans - <$1MM 611 $50,434 $82,543
    Commercial & Industrial, US addressed loans - <$100k 391 $9,480 $24,246
    Commercial & Industrial, US addressed loans - $100-250k 122 $13,106 $107,426
    Commercial & Industrial, US addressed loans - $250k-1MM 98 $27,848 $284,163
    Farmland loans - <$1MM 115 $14,063 $122,287
    Farmland loans - <$100k 44 $1,746 $39,682
    Farmland loans - $100-250k 41 $5,417 $132,122
    Farmland loans - $250k-1MM 30 $6,900 $230,000
    Agriculture operations loans - <$1MM 116 $4,224 $36,414
    Agriculture operations loans - <$100k 97 $1,942 $20,021
    Agriculture operations loans - $100-250k 18 $2,020 $112,222
    Agriculture operations loans - $250k-1MM 1 $262 $262,000