Edmonton State Bank Mortgage Rates, Fees & Info

Glasgow, KY

LEI: 549300AJ6XFK1ACXWQ06

Tax ID: 61-0182805

5 stars - out of 5 stars, based on 27 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    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 by origination volume include: Bowling Green, Glasgow, Nashville, Lexington, and Clarksville among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Edmonton State Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Edmonton State Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.67% 3/19/23
    30 Year Conventional Refi 6.71% 3/19/23
    30 Year Cash-out Refi 6.84% 3/19/23
    30 Year FHA Purchase 6.27% 3/19/23
    30 Year FHA Refi 6.27% 3/19/23
    30 Year VA Purchase 6.27% 3/19/23
    30 Year USDA Purchase 6.27% 3/19/23
    15 Year Conventional Purchase 6.35% 3/19/23
    15 Year Conventional Refi 6.16% 3/19/23
    15 Year Cash-out Refi 6.16% 3/19/23
    15 Year FHA Refi 5.68% 3/19/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    719

    Origination Dollar Volume (All Markets)

    $147,715,000

    Employee count

    155

    Awards

    Edmonton State Bank 30 Year Conventional Loans gold Edmonton State Bank 30 Year Conventional Loans silver
    Show all (2) awards

    Relative Rate

    Edmonton State Bank's average 30 year fixed mortgage rate was 3.3%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.15%.

    Relative Fees (Closing Costs)

    Edmonton State Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,576.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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) 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.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Edmonton State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SERVICE ONE
    Similarity Rank: 132
    Morgantown Bank & Trust Company, Incorporated
    Similarity Rank: 190
    Abound Federal Credit Union
    Similarity Rank: 368
    Edmonton State Bank
    Similarity Rank: 378
    The Monticello Banking Company
    Similarity Rank: 665
    Independence Bank of Kentucky
    Similarity Rank: 1184
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 1725
    German American Bank
    Similarity Rank: 2068
    LAKEVIEW LOAN SERVICING, LLC
    Similarity Rank: 4265
    Republic State Mortgage Co.
    Similarity Rank: 6720

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 719 $147,715,000 $205,445 $2,284 3.39%

    For 2021, Edmonton State Bank's most frequently originated type of loan was Conventional, with 719 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Edmonton State Bank's most frequently cited loan purpose was Home Purchase, with 326 originations. The 2nd most popular reason was 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 2021, Edmonton State Bank's most frequently cited loan duration was 30 Year, with 281 originations. The 2nd most popular length was 15 Year, with 155 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 15 $4,105,000 $273,667
    $5k+ 3 $1,485,000 $495,000
    $4k-5k 1 $385,000 $385,000

    Edmonton State Bank's average total fees were $2,576, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.30%, while their most frequently originated rate bucket for loans was 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 applications
    86.99%

    Edmonton State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.84%

    Edmonton State Bank has a below 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