Franklin Bank & Trust Company Mortgage Rates, Fees & Info

Franklin, KY

LEI: 5493008MFIR0PTRGGL44

Tax ID: 61-0547583

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

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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Bowling Green, Crestview, Glasgow, Panama City, and Nashville among others. We have data for 7 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

Originations

149

Origination Dollar Volume (All Markets)

$36,535,000

Employee count

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)	68	$19,430,000	$285,735	$0	0.00%
Outside of Metro Areas	68	$12,630,000	$185,735	$0	0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	5	$2,935,000	$587,000	$0	0.00%
Glasgow, KY (FHA\|USDA\|VA)	4	$740,000	$185,000	$0	0.00%
PANAMA CITY, FL (FHA\|USDA\|VA)	1	$335,000	$335,000	$0	0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	2	$320,000	$160,000	$0	0.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	0.00%

Franklin Bank & Trust Company's top markets include Bowling Green, Crestview, Glasgow, Panama City, and Nashville 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	148	$36,400,000	$245,946	$0	0.00%
FHA	1	$135,000	$135,000	$0	0.00%

For 2020, Franklin Bank & Trust Company's most frequently originated type of loan was Conventional, with 148 originations. Their 2nd most popular type was FHA, with 1 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	98	$20,270,000	$206,837	$0	0.00%
Refi	49	$16,185,000	$330,306	$0	0.00%
Home Improvement	1	$55,000	$55,000	$0	0.00%
Other	1	$25,000	$25,000	$0	0.00%

For 2020, Franklin Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Refi, with 49 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	149	$36,535,000	$245,201	$0	0.00%

For 2020, Franklin Bank & Trust Company's most frequently cited loan duration was Other, with 149 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	49	$6,695,000	$136,633	$0	0.00%
$200k-400k	42	$11,400,000	$271,429	$0	0.00%
$100,000 or less	40	$2,460,000	$61,500	$0	0.00%
$600k-1MM	7	$5,445,000	$777,857	$0	0.00%
$400k-600k	6	$2,830,000	$471,667	$0	0.00%
$1MM+	5	$7,705,000	$1,541,000	$0	0.00%

2020 saw Franklin Bank & Trust Company place emphasis on $100k-200k loans with 49 originations, totaling $6,695,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	16	$2,380,000	$148,750	$0	0.00%
$50k or less	15	$1,125,000	$75,000	$0	0.00%
$100k-150k	12	$2,280,000	$190,000	$0	0.00%
$150k-250k	12	$3,790,000	$315,833	$0	0.00%
$250k+	10	$3,420,000	$342,000	$0	0.00%
$75k-100k	10	$1,380,000	$138,000	$0	0.00%

Franklin Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $50k or less, with 15 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	149	$36,535,000	$245,201	$0	0.00%

Franklin Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 149 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	68	$21,040,000	$309,412	$0	0.00%
White	77	$15,045,000	$195,390	$0	0.00%
Black	3	$325,000	$108,333	$0	0.00%
Not provided	1	$125,000	$125,000	$0	0.00%

Approval Rates

Total approvals of all applications
92.94%

Franklin Bank & Trust Company has an average approval rate.

Pick Rate

Approvals leading to origination
94.63%

Franklin Bank & Trust Company has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	149	$36,535,000	$245,201

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	1	$155,000	$155,000
Multifamily:Site-Built	18	$12,500,000	$694,444
Single Family (1-4 Units):Manufactured	5	$225,000	$45,000
Single Family (1-4 Units):Site-Built	125	$23,655,000	$189,240

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
FRANKLIN LOAN CORPORATION	Conventional home mortgage	Closing on a mortgage	1	100.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Franklin Bank & Trust Company	317 North Main Street Franklin, KY 42134	Full Service B&M	$265,521
Franklin Bank & Trust Company	2305 Gary Farms Blvd Bowling Green, KY 42104	Full Service B&M	$44,021
Franklin Bank & Trust Company	398 Lovers Lane Bowling Green, KY 42104	Full Service B&M	$26,154
Franklin Bank & Trust Company	661 Dishman Lane Ext Bowling Green, KY 42104	Full Service B&M	$81,608
Franklin Bank & Trust Company	903 South Main Street Franklin, KY 42135	Full Service B&M	$76,391

For 2020, Franklin Bank & Trust Company had 5 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$26,330
Net interest income	$21,203
Total noninterest income	$2,768
Gross Fiduciary activities income	$796
Service charges on deposit accounts	$1,561
Trading account gains and fees	$0
Additional Noninterest Income	$411
Pre-tax net operating income	$8,297
Securities gains (or losses, -)	$29
Income before extraordinary items	$6,968
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$6,968
Minority interest net income	$0
Net income	$6,968
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$6,943

Franklin Bank & Trust Company's gross interest income from loans was $26,330,000.
Franklin Bank & Trust Company's net interest income from loans was $21,203,000.
Franklin Bank & Trust Company's fee based income from loans was $1,561,000.
Franklin Bank & Trust Company's net income from loans was $6,968,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$5,127
Provision for credit losses	$2,279
Total noninterest expense	$13,395
Salaries and employee benefits	$7,222
Premises and equipment expense	$1,190
Additional noninterest expense	$4,983
Applicable income taxes	$1,358
Net charge-offs	$150
Cash dividends	$1,311

Franklin Bank & Trust Company's interest expense for loans was $5,127,000.
Franklin Bank & Trust Company's payroll and benefits expense were $7,222,000.
Franklin Bank & Trust Company's property, plant and equipment expenses $1,190,000.

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	$518,809
Deposits held in domestic offices	$518,809
Deposits by Individuals, partnerships, and corporations	$452,197
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$14,037
Deposits by Commercial banks and other depository institutions in U.S.	$52,575
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$200,482
Demand deposits	$128,589
Nontransaction accounts	$318,327
Money market deposit accounts (MMDAs)	$138,488
Other savings deposits (excluding MMDAs)	$40,983
Total time deposits	$138,856
Total time and savings deposits	$390,220
Noninterest-bearing deposits	$128,589
Interest-bearing deposits	$390,220
Retail deposits	$506,265
IRAs and Keogh plan accounts	$12,088
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$639,581
Cash & Balances due from depository institutions	$85,474
Interest-bearing balances	$69,546
Total securities	$3,057
Federal funds sold & reverse repurchase	$2,134
Net loans and leases	$517,442
Loan and leases loss allowance	$7,012
Trading account assets	$0
Bank premises and fixed assets	$9,853
Other real estate owned	$417
Goodwill and other intangibles	$0
All other assets	$21,204

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$639,581
Total Liabilities	$565,929
Total deposits	$518,809
Interest-bearing deposits	$390,220
Deposits held in domestic offices	$518,809
% insured (estimated)	$69
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$42,869
Subordinated debt	$0
All other liabilities	$4,251

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$517,442
Loan and leases loss allowance	$7,012
Total loans and leases (domestic)	$524,454
All real estate loans	$353,581
Real estate loans in domestic offices	$353,581
Construction and development loans	$48,488
Residential 1-4 family construction	$11,737
Other construction, all land development and other land	$36,751
Loans secured by nonfarm nonresidential properties	$143,405
Nonfarm nonresidential secured by owner-occupied properties	$70,449
Commercial real estate & other non-farm, non-residential	$72,956
Multifamily residential real estate	$31,601
1-4 family residential loans	$97,049
Farmland loans	$33,038
Loans held in foreign offices	$0
Farm loans	$6,884
Commercial and industrial loans	$152,582
To non-U.S. addressees	$0
Loans to individuals	$5,767
Credit card loans	$0
Related Plans	$99
Consumer Auto Loans	$2,408
Other loans to individuals	$3,260
All other loans & leases	$5,640
Loans to foreign governments and official institutions	$0
Other loans	$5,640
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$18
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$490
Non 1-4 family restructured loans & leases	$308
Total loans and leases (foreign)	$0

Franklin Bank & Trust Company had $517,442,000 of loans outstanding in 2020. $353,581,000 of loans were in real estate loans. $48,488,000 of loans were in development loans. $31,601,000 of loans were in multifamily mortgage loans. $97,049,000 of loans were in 1-4 family mortgage loans. $6,884,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,408,000 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	228	$56,226	$246,605
Nonfarm, nonresidential loans - <$100k	46	$2,227	$48,413
Nonfarm, nonresidential loans - $100-250k	68	$9,067	$133,338
Nonfarm, nonresidential loans - $250k-1MM	114	$44,932	$394,140
Commercial & Industrial, US addressed loans - <$1MM	784	$57,528	$73,378
Commercial & Industrial, US addressed loans - <$100k	519	$11,732	$22,605
Commercial & Industrial, US addressed loans - $100-250k	155	$15,807	$101,981
Commercial & Industrial, US addressed loans - $250k-1MM	110	$29,989	$272,627
Farmland loans - <$1MM	108	$12,389	$114,713
Farmland loans - <$100k	45	$1,952	$43,378
Farmland loans - $100-250k	35	$4,300	$122,857
Farmland loans - $250k-1MM	28	$6,137	$219,179
Agriculture operations loans - <$1MM	106	$3,922	$37,000
Agriculture operations loans - <$100k	91	$1,807	$19,857
Agriculture operations loans - $100-250k	13	$1,362	$104,769
Agriculture operations loans - $250k-1MM	2	$753	$376,500