Edmonton State Bank Mortgage Rates, Fees & Info
Glasgow, KYLEI: 549300AJ6XFK1ACXWQ06
Tax ID: 61-0182805
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Bank Data
Overview
Edmonton State Bank is a smaller bank specializing in Home Purchase and Refi loans. Edmonton State Bank has a high proportion of conventional loans. Their top markets include Bowling Green, Glasgow, Nashville, Lexington, and Clarksville among others. Edmonton State Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Edmonton State Bank is typically a low fee lendor.Originations
719Origination Dollar Volume (All Markets)
$147,715,000Employee count
155Awards
Edmonton State Bank - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
Edmonton State Bank's average 30 year fixed rate mortgage of loans were
3.3%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.15%.
Relative Fees
Edmonton State Bank's average total fees for a 30 year fixed rate
mortgage are $2,576.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| BOWLING GREEN, KY (FHA|USDA|VA) | 228 | $86,090,000 | $377,588 | $2,029 | 3.27% |
| Glasgow, KY (FHA|USDA|VA) | 351 | $44,355,000 | $126,368 | $2,340 | 3.43% |
| Outside of Metro Areas | 131 | $14,805,000 | $113,015 | $2,498 | 3.51% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $1,945 | 3.38% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,368 | 2.38% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,357 | 3.50% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,526 | 2.88% |
| Campbellsville, KY (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,299 | 2.88% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,130 | 5.25% |
Edmonton State Bank's top markets include Bowling Green, Glasgow, Nashville, Lexington, and Clarksville among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 719 | $147,715,000 | $205,445 | $2,284 | 3.39% |
For the 2021 period, Edmonton State Bank's most frequently originated loan type of loans were Conventional, with 719 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 326 | $89,890,000 | $275,736 | $2,503 | 3.58% |
| Refi | 201 | $34,735,000 | $172,811 | $2,038 | 3.30% |
| Cash Out Refi | 157 | $19,805,000 | $126,146 | $2,342 | 2.99% |
| Home Improvement | 18 | $2,040,000 | $113,333 | $1,751 | 3.94% |
| Other | 17 | $1,245,000 | $73,235 | $1,811 | 3.92% |
For the 2021, Edmonton State Bank's most frequently cited loan purpose of loans were Home Purchase, with 326 originations. The 2nd most popular reason of loans were Refi, with 201 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 281 | $56,135,000 | $199,769 | $2,576 | 3.30% |
| 15 Year | 155 | $18,645,000 | $120,290 | $2,040 | 2.83% |
| 20 Year | 149 | $26,925,000 | $180,705 | $2,195 | 3.77% |
| 10 Year | 77 | $5,605,000 | $72,792 | $1,671 | 3.56% |
| 1 Year | 29 | $4,615,000 | $159,138 | $2,635 | 3.93% |
| Other | 23 | $35,455,000 | $1,541,522 | $1,319 | 4.21% |
| 5 Year | 4 | $60,000 | $15,000 | $1,425 | 5.56% |
| 3 Year | 1 | $275,000 | $275,000 | $0 | 4.00% |
For the 2021, Edmonton State Bank's most frequently cited loan length of loans were 30 Year, with 281 originations. The 2nd most popular length of loans were 15 Year, with 155 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 269 | $42,455,000 | $157,825 |
| $1k-2k | 226 | $22,730,000 | $100,575 |
| $2k-3k | 77 | $14,405,000 | $187,078 |
| $3k-4k | 16 | $4,490,000 | $280,625 |
| $5k+ | 3 | $1,485,000 | $495,000 |
$2,576 of loans were Edmonton State Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 269 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 317 | $95,675,000 | $301,814 |
| 2.5-3% | 159 | $26,225,000 | $164,937 |
| <2.5% | 134 | $16,470,000 | $122,910 |
| 5-6% | 60 | $4,770,000 | $79,500 |
| 4-5% | 43 | $4,415,000 | $102,674 |
| Over 8% | 5 | $135,000 | $27,000 |
| 7-8% | 1 | $25,000 | $25,000 |
During 2021, Edmonton State Bank's average interest rate of loans were 3.30%, while their most frequently originated rate bucket of loans were 3-4%, with 317 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 287 | $18,115,000 | $63,118 | $1,905 | 3.65% |
| $100k-200k | 267 | $37,845,000 | $141,742 | $2,370 | 3.21% |
| $200k-400k | 129 | $34,045,000 | $263,915 | $2,737 | 3.19% |
| $400k-600k | 21 | $10,195,000 | $485,476 | $3,199 | 3.24% |
| $1MM+ | 11 | $44,425,000 | $4,038,636 | $0 | 3.51% |
| $600k-1MM | 4 | $3,090,000 | $772,500 | $0 | 3.49% |
2021 saw Edmonton State Bank place emphasis on $100,000 or less loans with 287 originations, totaling $18,115,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 220 | $20,140,000 | $91,545 | $2,121 | 3.53% |
| $50k-75k | 167 | $19,625,000 | $117,515 | $2,282 | 3.41% |
| $75k-100k | 111 | $18,985,000 | $171,036 | $2,416 | 3.15% |
| $100k-150k | 99 | $20,165,000 | $203,687 | $2,407 | 3.23% |
| $150k-250k | 45 | $9,515,000 | $211,444 | $2,601 | 3.05% |
| $250k+ | 13 | $3,525,000 | $271,154 | $2,486 | 3.34% |
Edmonton State Bank lent most frequently to those with incomes in the $50k or less range, with 220 originations. The second most popular income band? $50k-75k, with 167 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 169 | $23,815,000 | $140,917 | $2,188 | 3.23% |
| 30-36% | 110 | $16,380,000 | $148,909 | $2,318 | 3.23% |
| <20% | 110 | $14,720,000 | $133,818 | $2,125 | 3.04% |
| 40% | 27 | $3,675,000 | $136,111 | $2,385 | 3.70% |
| 36% | 25 | $3,745,000 | $149,800 | $2,666 | 3.18% |
| 45% | 22 | $3,220,000 | $146,364 | $2,524 | 3.54% |
| 42% | 21 | $2,785,000 | $132,619 | $2,465 | 3.31% |
| 44% | 20 | $3,500,000 | $175,000 | $2,663 | 3.63% |
| 41% | 20 | $2,550,000 | $127,500 | $2,540 | 3.79% |
| 50-60% | 18 | $2,150,000 | $119,444 | $2,273 | 4.28% |
| >60% | 17 | $1,695,000 | $99,706 | $2,191 | 4.22% |
| 43% | 15 | $2,675,000 | $178,333 | $2,613 | 3.36% |
| 38% | 15 | $2,065,000 | $137,667 | $2,258 | 3.78% |
| 37% | 13 | $1,615,000 | $124,231 | $2,299 | 3.62% |
| 39% | 12 | $1,820,000 | $151,667 | $2,171 | 3.46% |
| 47% | 12 | $1,230,000 | $102,500 | $1,758 | 3.09% |
| 49% | 10 | $1,690,000 | $169,000 | $2,407 | 3.18% |
| 48% | 7 | $1,025,000 | $146,429 | $1,895 | 2.86% |
| 46% | 6 | $1,190,000 | $198,333 | $2,132 | 3.46% |
Edmonton State Bank lent most frequently to those with DTI ratios of 20-30%, with 169 originations. The next most common DTI ratio? 30-36%, with 110 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 643 | $89,835,000 | $139,712 | $2,265 | 3.35% |
| Not applicable | 58 | $54,380,000 | $937,586 | $0 | 3.83% |
| Not provided | 9 | $2,285,000 | $253,889 | $3,272 | 3.32% |
| Black | 5 | $695,000 | $139,000 | $2,603 | 3.53% |
| Asian | 2 | $370,000 | $185,000 | $2,845 | 2.75% |
| American Indian | 2 | $150,000 | $75,000 | $2,074 | 3.25% |
Approval Rates
Total approvals of all applications85.78%
Edmonton State Bank has an average approval rate.
Pick Rate
Approvals leading to origination87.22%
Edmonton State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 719 | $147,715,000 | $205,445 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 719 | $147,715,000 | $205,445 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 96 | $9,830,000 | $102,396 | $1,781 | 3.32% |
| 40-60% | 127 | $16,995,000 | $133,819 | $2,151 | 3.24% |
| 60-80% | 274 | $70,580,000 | $257,591 | $2,344 | 3.24% |
| 80-100% | 197 | $47,755,000 | $242,411 | $2,674 | 3.67% |
| Under 20% | 23 | $2,285,000 | $99,348 | $1,394 | 3.88% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Edmonton State Bank | 101 Max Wagner Drive Glasgow, KY 42141 | Limited, Drive-thru | $3,542 |
| Edmonton State Bank | 2512 Nashville Road Bowling Green, KY 42101 | Full Service B&M | $2 |
| Edmonton State Bank | 301 East Main Street Gamaliel, KY 42140 | Full Service B&M | $10,682 |
| Edmonton State Bank | 32 Lois Moore Drive Scottsville, KY 42164 | Full Service B&M | $8,321 |
| Edmonton State Bank | 608 East Main Street Scottsville, KY 42164 | Full Service B&M | $58,378 |
| Edmonton State Bank | 703 North Main Street Tompkinsville, KY 42167 | Full Service B&M | $0 |
| Edmonton State Bank | 909 West Main Street Glasgow, KY 42141 | Full Service B&M | $201,303 |
| Edmonton State Bank | U.S. Highway 68-80 West Edmonton, KY 42129 | Full Service B&M | $14,563 |
| Edmonton State Bank | 118 Main Street Edmonton, KY 42129 | Full Service B&M | $113,181 |
| Edmonton State Bank | 1300 North Race Street Glasgow, KY 42141 | Full Service B&M | $8,143 |
| Edmonton State Bank | 157 Main Street Center, KY 42214 | Full Service B&M | $15,503 |
| Edmonton State Bank | 1691 Old Gallatin Road Scottsville, KY 42164 | Full Service B&M | $8 |
| Edmonton State Bank | 1900 Scottsville Road Bowling Green, KY 42104 | Full Service B&M | $41,213 |
| Edmonton State Bank | 213 North Main Street Tompkinsville, KY 42167 | Full Service B&M | $95,507 |
| Edmonton State Bank | 2417 Summer Shade Rd Summer Shade, KY 42166 | Full Service B&M | $27,883 |
For 2021, Edmonton State Bank had 15 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $24,522 |
| Net interest income | $21,820 |
| Total noninterest income | $8,617 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,175 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $7,442 |
| Pre-tax net operating income | $12,416 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $12,416 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $12,416 |
| Minority interest net income | $0 |
| Net income | $12,416 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $12,416 |
Edmonton State Bank's gross interest income from loans was $24,522,000.
Edmonton State Bank's net interest income from loans was $21,820,000.
Edmonton State Bank's fee based income from loans was $1,175,000.
Edmonton State Bank's net income from loans was $12,416,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,702 |
| Provision for credit losses | $600 |
| Total noninterest expense | $17,421 |
| Salaries and employee benefits | $10,502 |
| Premises and equipment expense | $1,621 |
| Additional noninterest expense | $5,298 |
| Applicable income taxes | $0 |
| Net charge-offs | $-6 |
| Cash dividends | $7,547 |
Edmonton State Bank's interest expense for loans was $2,702,000.
Edmonton State Bank's payroll and benefits expense were $10,502,000.
Edmonton State Bank's property, plant and equipment expenses $1,621,000.
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 | $628,167 |
| Deposits held in domestic offices | $628,167 |
| Deposits by Individuals, partnerships, and corporations | $586,316 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $36,763 |
| Deposits by Commercial banks and other depository institutions in U.S. | $5,088 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $361,567 |
| Demand deposits | $270,332 |
| Nontransaction accounts | $266,600 |
| Money market deposit accounts (MMDAs) | $12,032 |
| Other savings deposits (excluding MMDAs) | $120,857 |
| Total time deposits | $133,710 |
| Total time and savings deposits | $357,835 |
| Noninterest-bearing deposits | $229,149 |
| Interest-bearing deposits | $399,018 |
| Retail deposits | $612,835 |
| IRAs and Keogh plan accounts | $35,973 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $732,216 |
| Cash & Balances due from depository institutions | $179,294 |
| Interest-bearing balances | $165,489 |
| Total securities | $57,324 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $472,881 |
| Loan and leases loss allowance | $6,441 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $16,642 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,720 |
| All other assets | $4,355 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $732,216 |
| Total Liabilities | $643,676 |
| Total deposits | $628,167 |
| Interest-bearing deposits | $399,018 |
| Deposits held in domestic offices | $628,167 |
| % insured (estimated) | $88 |
| Federal funds purchased and repurchase agreements | $2,772 |
| Trading liabilities | $0 |
| Other borrowed funds | $9,554 |
| Subordinated debt | $0 |
| All other liabilities | $3,183 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $472,881 |
| Loan and leases loss allowance | $6,441 |
| Total loans and leases (domestic) | $479,322 |
| All real estate loans | $372,875 |
| Real estate loans in domestic offices | $372,875 |
| Construction and development loans | $61,587 |
| Residential 1-4 family construction | $20,949 |
| Other construction, all land development and other land | $40,638 |
| Loans secured by nonfarm nonresidential properties | $101,970 |
| Nonfarm nonresidential secured by owner-occupied properties | $35,043 |
| Commercial real estate & other non-farm, non-residential | $66,927 |
| Multifamily residential real estate | $54,359 |
| 1-4 family residential loans | $101,513 |
| Farmland loans | $53,446 |
| Loans held in foreign offices | $0 |
| Farm loans | $12,958 |
| Commercial and industrial loans | $41,472 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $51,460 |
| Credit card loans | $0 |
| Related Plans | $123 |
| Consumer Auto Loans | $29,012 |
| Other loans to individuals | $22,325 |
| All other loans & leases | $556 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $173 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $1,484 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,535 |
| Non 1-4 family restructured loans & leases | $591 |
| Total loans and leases (foreign) | $0 |
Edmonton State Bank had $472,881,000 of loans outstanding in 2021. $372,875,000 of loans were in real estate loans. $61,587,000 of loans were in development loans. $54,359,000 of loans were in multifamily mortgage loans. $101,513,000 of loans were in 1-4 family mortgage loans. $12,958,000 of loans were in farm loans. $0 of loans were in credit card loans. $29,012,000 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 | 196 | $27,582 | $140,724 |
| Nonfarm, nonresidential loans - <$100k | 77 | $3,119 | $40,506 |
| Nonfarm, nonresidential loans - $100-250k | 67 | $7,713 | $115,119 |
| Nonfarm, nonresidential loans - $250k-1MM | 52 | $16,750 | $322,115 |
| Commercial & Industrial, US addressed loans - <$1MM | 626 | $35,950 | $57,428 |
| Commercial & Industrial, US addressed loans - <$100k | 500 | $11,249 | $22,498 |
| Commercial & Industrial, US addressed loans - $100-250k | 70 | $7,460 | $106,571 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 56 | $17,241 | $307,875 |
| Farmland loans - <$1MM | 398 | $38,415 | $96,520 |
| Farmland loans - <$100k | 178 | $6,272 | $35,236 |
| Farmland loans - $100-250k | 151 | $16,658 | $110,318 |
| Farmland loans - $250k-1MM | 69 | $15,485 | $224,420 |
| Agriculture operations loans - <$1MM | 476 | $12,958 | $27,223 |
| Agriculture operations loans - <$100k | 439 | $7,553 | $17,205 |
| Agriculture operations loans - $100-250k | 26 | $2,611 | $100,423 |
| Agriculture operations loans - $250k-1MM | 11 | $2,794 | $254,000 |
