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

2021 Data | 2020 Data | 2019 Data | 2018 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

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 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 applications
85.78%

Edmonton State Bank has an average approval rate.

Pick Rate

Approvals leading to origination
87.22%

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