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

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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: Crestview, Bowling Green, Daphne, Hilton Head Island, and Nashville among others. We have data for 10 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

    159

    Origination Dollar Volume (All Markets)

    $79,155,000

    Employee count

    79

    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
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $32,565,000 $6,513,000 $0 0.00%
    BOWLING GREEN, KY (FHA|USDA|VA) 83 $26,595,000 $320,422 $0 0.00%
    Outside of Metro Areas 59 $15,595,000 $264,322 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $1,220,000 $610,000 $0 0.00%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $975,000 $325,000 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $470,000 $235,000 $0 0.00%
    Glasgow, KY (FHA|USDA|VA) 2 $320,000 $160,000 $0 0.00%
    SAVANNAH, GA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Franklin Bank & Trust Company's top markets include Crestview, Bowling Green, Daphne, Hilton Head Island, and Nashville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 159 $79,155,000 $497,830 $0 0.00%

    For 2021, Franklin Bank & Trust Company's most frequently originated type of loan was Conventional, with 159 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 104 $54,050,000 $519,712 $0 0.00%
    Refi 50 $24,420,000 $488,400 $0 0.00%
    Home Improvement 3 $265,000 $88,333 $0 0.00%
    Other 2 $420,000 $210,000 $0 0.00%

    For 2021, Franklin Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 159 $79,155,000 $497,830 $0 0.00%

    For 2021, Franklin Bank & Trust Company's most frequently cited loan duration was Other, with 159 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 50 $3,520,000 $70,400 $0 0.00%
    $100k-200k 46 $6,590,000 $143,261 $0 0.00%
    $200k-400k 39 $11,265,000 $288,846 $0 0.00%
    $1MM+ 10 $49,120,000 $4,912,000 $0 0.00%
    $400k-600k 8 $3,810,000 $476,250 $0 0.00%
    $600k-1MM 6 $4,850,000 $808,333 $0 0.00%

    2021 saw Franklin Bank & Trust Company place emphasis on $100,000 or less loans with 50 originations, totaling $3,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 15 $1,315,000 $87,667 $0 0.00%
    $100k-150k 13 $4,135,000 $318,077 $0 0.00%
    $250k+ 10 $4,690,000 $469,000 $0 0.00%
    $50k-75k 10 $1,590,000 $159,000 $0 0.00%
    $75k-100k 8 $1,430,000 $178,750 $0 0.00%
    $150k-250k 7 $2,315,000 $330,714 $0 0.00%

    Franklin Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $100k-150k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 159 $79,155,000 $497,830 $0 0.00%

    Franklin Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 159 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 91 $62,475,000 $686,538 $0 0.00%
    White 65 $15,895,000 $244,538 $0 0.00%
    Black 2 $420,000 $210,000 $0 0.00%
    American Indian 1 $365,000 $365,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.89%

    Franklin Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.71%

    Franklin Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 159 $79,155,000 $497,830

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    159 $79,155,000 $497,830

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FRANKLIN LOAN CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    FRANKLIN LOAN CORPORATION Conventional home mortgage Trouble during payment process 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Franklin Bank & Trust Company 2305 Gary Farms Blvd Bowling Green, KY 42104 Full Service B&M $41,839
    Franklin Bank & Trust Company 317 North Main Street Franklin, KY 42134 Full Service B&M $267,498
    Franklin Bank & Trust Company 398 Lovers Lane Bowling Green, KY 42104 Full Service B&M $44,508
    Franklin Bank & Trust Company 661 Dishman Lane Ext Bowling Green, KY 42104 Full Service B&M $132,723
    Franklin Bank & Trust Company 903 South Main Street Franklin, KY 42135 Full Service B&M $79,055

    For 2021, Franklin Bank & Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,876
    Net interest income $21,556
    Total noninterest income $3,771
    Gross Fiduciary activities income $971
    Service charges on deposit accounts $1,676
    Trading account gains and fees $0
    Additional Noninterest Income $1,124
    Pre-tax net operating income $11,824
    Securities gains (or losses, -) $0
    Income before extraordinary items $9,155
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,155
    Minority interest net income $0
    Net income $9,155
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,155

    Franklin Bank & Trust Company's gross interest income from loans was $24,876,000.
    Franklin Bank & Trust Company's net interest income from loans was $21,556,000.
    Franklin Bank & Trust Company's fee based income from loans was $1,676,000.
    Franklin Bank & Trust Company's net income from loans was $9,155,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,320
    Provision for credit losses $291
    Total noninterest expense $13,212
    Salaries and employee benefits $7,335
    Premises and equipment expense $1,151
    Additional noninterest expense $4,726
    Applicable income taxes $2,669
    Net charge-offs $466
    Cash dividends $3,560

    Franklin Bank & Trust Company's interest expense for loans was $3,320,000.
    Franklin Bank & Trust Company's payroll and benefits expense were $7,335,000.
    Franklin Bank & Trust Company's property, plant and equipment expenses $1,151,000.

    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 $584,795
    Deposits held in domestic offices $584,795
    Deposits by Individuals, partnerships, and corporations $553,313
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,093
    Deposits by Commercial banks and other depository institutions in U.S. $8,389
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $251,216
    Demand deposits $165,102
    Nontransaction accounts $333,579
    Money market deposit accounts (MMDAs) $186,182
    Other savings deposits (excluding MMDAs) $70,378
    Total time deposits $77,019
    Total time and savings deposits $419,693
    Noninterest-bearing deposits $165,103
    Interest-bearing deposits $419,692
    Retail deposits $574,394
    IRAs and Keogh plan accounts $12,246
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $707,754
    Cash & Balances due from depository institutions $145,682
    Interest-bearing balances $132,049
    Total securities $1,759
    Federal funds sold & reverse repurchase $1,548
    Net loans and leases $528,691
    Loan and leases loss allowance $6,837
    Trading account assets $0
    Bank premises and fixed assets $9,666
    Other real estate owned $372
    Goodwill and other intangibles $0
    All other assets $20,036

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $707,754
    Total Liabilities $628,477
    Total deposits $584,795
    Interest-bearing deposits $419,692
    Deposits held in domestic offices $584,795
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $41,562
    Subordinated debt $0
    All other liabilities $2,120

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $528,691
    Loan and leases loss allowance $6,837
    Total loans and leases (domestic) $535,528
    All real estate loans $374,388
    Real estate loans in domestic offices $374,388
    Construction and development loans $58,421
    Residential 1-4 family construction $18,654
    Other construction, all land development and other land $39,767
    Loans secured by nonfarm nonresidential properties $165,640
    Nonfarm nonresidential secured by owner-occupied properties $71,143
    Commercial real estate & other non-farm, non-residential $94,497
    Multifamily residential real estate $18,324
    1-4 family residential loans $100,101
    Farmland loans $31,902
    Loans held in foreign offices $0
    Farm loans $6,720
    Commercial and industrial loans $139,455
    To non-U.S. addressees $0
    Loans to individuals $6,495
    Credit card loans $0
    Related Plans $108
    Consumer Auto Loans $3,506
    Other loans to individuals $2,881
    All other loans & leases $8,470
    Loans to foreign governments and official institutions $0
    Other loans $8,470
    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 $203
    Non 1-4 family restructured loans & leases $28
    Total loans and leases (foreign) $0

    Franklin Bank & Trust Company had $528,691,000 of loans outstanding in 2021. $374,388,000 of loans were in real estate loans. $58,421,000 of loans were in development loans. $18,324,000 of loans were in multifamily mortgage loans. $100,101,000 of loans were in 1-4 family mortgage loans. $6,720,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,506,000 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 215 $50,507 $234,916
    Nonfarm, nonresidential loans - <$100k 41 $1,789 $43,634
    Nonfarm, nonresidential loans - $100-250k 69 $8,978 $130,116
    Nonfarm, nonresidential loans - $250k-1MM 105 $39,740 $378,476
    Commercial & Industrial, US addressed loans - <$1MM 588 $45,115 $76,726
    Commercial & Industrial, US addressed loans - <$100k 374 $7,932 $21,209
    Commercial & Industrial, US addressed loans - $100-250k 117 $12,170 $104,017
    Commercial & Industrial, US addressed loans - $250k-1MM 97 $25,013 $257,866
    Farmland loans - <$1MM 106 $12,510 $118,019
    Farmland loans - <$100k 46 $1,869 $40,630
    Farmland loans - $100-250k 34 $4,128 $121,412
    Farmland loans - $250k-1MM 26 $6,513 $250,500
    Agriculture operations loans - <$1MM 115 $4,495 $39,087
    Agriculture operations loans - <$100k 92 $1,624 $17,652
    Agriculture operations loans - $100-250k 20 $1,794 $89,700
    Agriculture operations loans - $250k-1MM 3 $1,077 $359,000