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, Panama City, Nashville, Crestview, and Charlotte among others. We have data for 9 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

    98

    Origination Dollar Volume (All Markets)

    $24,620,000

    Employee count

    83

    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) 41 $10,505,000 $256,220 $0 0.00%
    Outside of Metro Areas 42 $10,140,000 $241,429 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 6 $2,000,000 $333,333 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $830,000 $415,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $255,000 $85,000 $0 0.00%
    Glasgow, KY (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Murray, KY (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Franklin Bank & Trust Company's top markets include Bowling Green, Panama City, Nashville, Crestview, and Charlotte among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 98 $24,620,000 $251,224 $0 0.00%

    For 2019, Franklin Bank & Trust Company's most frequently originated type of loan was Conventional, with 98 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 68 $16,010,000 $235,441 $0 0.00%
    Refi 22 $6,700,000 $304,545 $0 0.00%
    Home Improvement 4 $1,760,000 $440,000 $0 0.00%
    Other 4 $150,000 $37,500 $0 0.00%

    For 2019, Franklin Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 68 originations. The 2nd most popular reason was Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 98 $24,620,000 $251,224 $0 0.00%

    For 2019, Franklin Bank & Trust Company's most frequently cited loan duration was Other, with 98 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $2,225,000 $60,135 $0 0.00%
    $100k-200k 28 $3,930,000 $140,357 $0 0.00%
    $200k-400k 15 $4,185,000 $279,000 $0 0.00%
    $400k-600k 9 $4,205,000 $467,222 $0 0.00%
    $600k-1MM 6 $4,210,000 $701,667 $0 0.00%
    $1MM+ 3 $5,865,000 $1,955,000 $0 0.00%

    2019 saw Franklin Bank & Trust Company place emphasis on $100,000 or less loans with 37 originations, totaling $2,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 10 $800,000 $80,000 $0 0.00%
    $75k-100k 10 $1,140,000 $114,000 $0 0.00%
    $250k+ 9 $3,185,000 $353,889 $0 0.00%
    $150k-250k 8 $1,480,000 $185,000 $0 0.00%
    $50k-75k 8 $550,000 $68,750 $0 0.00%
    $100k-150k 2 $630,000 $315,000 $0 0.00%

    Franklin Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $75k-100k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 98 $24,620,000 $251,224 $0 0.00%

    Franklin Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 98 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 47 $15,645,000 $332,872 $0 0.00%
    White 47 $8,575,000 $182,447 $0 0.00%
    Black 4 $400,000 $100,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.67%

    Franklin Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.98%

    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 98 $24,620,000 $251,224

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $705,000 $705,000
    Multifamily:Site-Built 11 $9,425,000 $856,818
    Single Family (1-4 Units):Manufactured 4 $190,000 $47,500
    Single Family (1-4 Units):Site-Built 82 $14,300,000 $174,390

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FRANKLIN FIRST FINANCIAL, LTD Conventional home mortgage Struggling to pay mortgage 1 100.0%

    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 $14,884
    Franklin Bank & Trust Company 2305 Gary Farms Blvd Bowling Green, KY 42104 Full Service B&M $36,388
    Franklin Bank & Trust Company 317 North Main Street Franklin, KY 42134 Full Service B&M $215,244
    Franklin Bank & Trust Company 661 Dishman Lane Ext Bowling Green, KY 42104 Full Service B&M $85,191
    Franklin Bank & Trust Company 903 South Main Street Franklin, KY 42135 Full Service B&M $61,395

    For 2019, Franklin Bank & Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,867
    Net interest income $19,214
    Total noninterest income $4,236
    Gross Fiduciary activities income $787
    Service charges on deposit accounts $2,702
    Trading account gains and fees $0
    Additional Noninterest Income $747
    Pre-tax net operating income $9,095
    Securities gains (or losses, -) $0
    Income before extraordinary items $7,272
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,272
    Minority interest net income $0
    Net income $7,272
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,272

    Franklin Bank & Trust Company's gross interest income from loans was $25,867,000.
    Franklin Bank & Trust Company's net interest income from loans was $19,214,000.
    Franklin Bank & Trust Company's fee based income from loans was $2,702,000.
    Franklin Bank & Trust Company's net income from loans was $7,272,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,653
    Provision for credit losses $1,672
    Total noninterest expense $12,683
    Salaries and employee benefits $6,850
    Premises and equipment expense $995
    Additional noninterest expense $4,838
    Applicable income taxes $1,823
    Net charge-offs $2,502
    Cash dividends $920

    Franklin Bank & Trust Company's interest expense for loans was $6,653,000.
    Franklin Bank & Trust Company's payroll and benefits expense were $6,850,000.
    Franklin Bank & Trust Company's property, plant and equipment expenses $995,000.

    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 $441,679
    Deposits held in domestic offices $441,679
    Deposits by Individuals, partnerships, and corporations $331,333
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $27,569
    Deposits by Commercial banks and other depository institutions in U.S. $82,777
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $150,850
    Demand deposits $96,334
    Nontransaction accounts $290,829
    Money market deposit accounts (MMDAs) $77,786
    Other savings deposits (excluding MMDAs) $29,720
    Total time deposits $183,323
    Total time and savings deposits $345,345
    Noninterest-bearing deposits $96,334
    Interest-bearing deposits $345,345
    Retail deposits $422,055
    IRAs and Keogh plan accounts $12,626
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $551,535
    Cash & Balances due from depository institutions $57,106
    Interest-bearing balances $37,373
    Total securities $5,469
    Federal funds sold & reverse repurchase $1,060
    Net loans and leases $457,952
    Loan and leases loss allowance $4,882
    Trading account assets $0
    Bank premises and fixed assets $10,148
    Other real estate owned $1,328
    Goodwill and other intangibles $0
    All other assets $18,472

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $551,535
    Total Liabilities $483,494
    Total deposits $441,679
    Interest-bearing deposits $345,345
    Deposits held in domestic offices $441,679
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $39,058
    Subordinated debt $0
    All other liabilities $2,757

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $457,952
    Loan and leases loss allowance $4,882
    Total loans and leases (domestic) $462,834
    All real estate loans $320,800
    Real estate loans in domestic offices $320,800
    Construction and development loans $33,452
    Residential 1-4 family construction $10,012
    Other construction, all land development and other land $23,440
    Loans secured by nonfarm nonresidential properties $143,631
    Nonfarm nonresidential secured by owner-occupied properties $61,870
    Commercial real estate & other non-farm, non-residential $81,761
    Multifamily residential real estate $19,227
    1-4 family residential loans $92,683
    Farmland loans $31,807
    Loans held in foreign offices $0
    Farm loans $7,008
    Commercial and industrial loans $119,200
    To non-U.S. addressees $0
    Loans to individuals $5,429
    Credit card loans $0
    Related Plans $143
    Consumer Auto Loans $2,021
    Other loans to individuals $3,265
    All other loans & leases $10,397
    Loans to foreign governments and official institutions $0
    Other loans $6,557
    Loans to depository institutions and acceptances of other banks $3,840
    Loans not secured by real estate $38
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $390
    Non 1-4 family restructured loans & leases $16
    Total loans and leases (foreign) $0

    Franklin Bank & Trust Company had $457,952,000 of loans outstanding in 2019. $320,800,000 of loans were in real estate loans. $33,452,000 of loans were in development loans. $19,227,000 of loans were in multifamily mortgage loans. $92,683,000 of loans were in 1-4 family mortgage loans. $7,008,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,021,000 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 251 $60,069 $239,319
    Nonfarm, nonresidential loans - <$100k 62 $2,879 $46,435
    Nonfarm, nonresidential loans - $100-250k 68 $8,829 $129,838
    Nonfarm, nonresidential loans - $250k-1MM 121 $48,361 $399,678
    Commercial & Industrial, US addressed loans - <$1MM 643 $56,233 $87,454
    Commercial & Industrial, US addressed loans - <$100k 404 $9,928 $24,574
    Commercial & Industrial, US addressed loans - $100-250k 131 $13,956 $106,534
    Commercial & Industrial, US addressed loans - $250k-1MM 108 $32,349 $299,528
    Farmland loans - <$1MM 120 $14,586 $121,550
    Farmland loans - <$100k 49 $1,843 $37,612
    Farmland loans - $100-250k 40 $4,940 $123,500
    Farmland loans - $250k-1MM 31 $7,803 $251,710
    Agriculture operations loans - <$1MM 132 $4,711 $35,689
    Agriculture operations loans - <$100k 115 $2,373 $20,635
    Agriculture operations loans - $100-250k 15 $1,599 $106,600
    Agriculture operations loans - $250k-1MM 2 $739 $369,500