Edmonton State Bank Mortgage Rates, Fees & Info

Glasgow, KY

LEI: 549300AJ6XFK1ACXWQ06

Tax ID: 61-0182805

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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, Somerset, Louisville, and Sevierville among others. We have data for 7 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 6.74% 4/18/24
    30 Year Conventional Refi 6.63% 4/18/24
    30 Year Cash-out Refi 7.05% 4/18/24
    30 Year FHA Purchase 6.27% 4/18/24
    30 Year VA Refi 6.27% 4/18/24
    30 Year USDA Purchase 6.73% 4/18/24
    15 Year Conventional Purchase 6.00% 4/18/24
    15 Year Conventional Refi 5.99% 4/18/24
    15 Year Cash-out Refi 5.99% 4/18/24
    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.

    Edmonton State Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Edmonton State Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    429

    Origination Dollar Volume (All Markets)

    $57,725,000

    Employee count

    145

    Awards

    Edmonton State Bank 30 Year Conventional Loans silver Edmonton State Bank 30 Year Conventional Loans silver Edmonton State Bank 30 Year Conventional Loans gold
    Show all (3) awards

    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) 135 $27,025,000 $200,185 $1,648 5.03%
    Glasgow, KY (FHA|USDA|VA) 235 $24,905,000 $105,979 $1,982 5.22%
    Outside of Metro Areas 54 $5,280,000 $97,778 $2,163 5.39%
    Somerset, KY (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.50%
    LOUISVILLE, KY (FHA|USDA|VA) 2 $190,000 $95,000 $2,522 4.56%
    Sevierville, TN (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.00%
    Campbellsville, KY (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.50%
    Edmonton State Bank's top markets include Bowling Green, Glasgow, Somerset, Louisville, and Sevierville 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.

    Bank of Edmonson County
    Similarity Rank: 104
    Abound Federal Credit Union
    Similarity Rank: 135
    Morgantown Bank & Trust Company, Incorporated
    Similarity Rank: 168
    Edmonton State Bank
    Similarity Rank: 189
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 910
    Independence Bank of Kentucky
    Similarity Rank: 945
    EVANSVILLE TEACHERS
    Similarity Rank: 2028
    Republic State Mortgage Co.
    Similarity Rank: 2814
    JPMorgan Chase Bank
    Similarity Rank: 3456
    ATLANTIC BAY MORTGAGE GROUP, L.L.C.
    Similarity Rank: 5368

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 429 $57,725,000 $134,557 $1,930 5.18%

    For 2018, Edmonton State Bank's most frequently originated type of loan was Conventional, with 429 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 254 $37,660,000 $148,268 $2,110 5.14%
    Refi 98 $14,400,000 $146,939 $1,534 5.32%
    Cash Out Refi 31 $3,315,000 $106,935 $2,196 4.64%
    Other 25 $1,275,000 $51,000 $1,614 5.72%
    Home Improvement 21 $1,075,000 $51,190 $1,828 5.18%

    For 2018, Edmonton State Bank's most frequently cited loan purpose was Home Purchase, with 254 originations. The 2nd most popular reason was Refi, with 98 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 138 $19,910,000 $144,275 $2,206 4.88%
    20 Year 120 $21,290,000 $177,417 $1,839 5.28%
    15 Year 69 $8,365,000 $121,232 $1,905 4.74%
    10 Year 43 $2,505,000 $58,256 $1,402 5.92%
    Other 28 $3,510,000 $125,357 $1,066 5.63%
    5 Year 18 $930,000 $51,667 $1,169 6.32%
    1 Year 13 $1,215,000 $93,462 $2,637 4.83%

    For 2018, Edmonton State Bank's most frequently cited loan duration was 30 Year, with 138 originations. The 2nd most popular length was 20 Year, with 120 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 185 $17,755,000 $95,973
    $1k-2k 114 $13,480,000 $118,246
    $2k-3k 16 $3,630,000 $226,875
    $3k-4k 2 $600,000 $300,000
    $4k-5k 1 $185,000 $185,000

    Edmonton State Bank's average total fees were $2,206, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 185 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 231 $38,595,000 $167,078
    5-6% 143 $14,935,000 $104,441
    6-7% 31 $2,015,000 $65,000
    3-4% 10 $1,780,000 $178,000
    Over 8% 9 $265,000 $29,444
    7-8% 4 $60,000 $15,000
    <2.5% 1 $75,000 $75,000

    During 2018, Edmonton State Bank's average interest rate for loans was 4.88%, while their most frequently originated rate bucket for loans was 4-5%, with 231 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 225 $12,125,000 $53,889 $1,618 5.44%
    $100k-200k 149 $20,505,000 $137,617 $2,175 4.95%
    $200k-400k 37 $10,075,000 $272,297 $2,467 4.72%
    $600k-1MM 9 $6,885,000 $765,000 $0 4.97%
    $400k-600k 5 $2,125,000 $425,000 $2,449 4.78%
    $1MM+ 4 $6,010,000 $1,502,500 $0 4.75%

    2018 saw Edmonton State Bank place emphasis on $100,000 or less loans with 225 originations, totaling $12,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 136 $9,250,000 $68,015 $1,757 5.42%
    $50k-75k 84 $7,980,000 $95,000 $2,062 5.15%
    $75k-100k 60 $7,580,000 $126,333 $2,054 5.06%
    $100k-150k 54 $7,520,000 $139,259 $2,060 5.08%
    $150k-250k 29 $5,275,000 $181,897 $2,080 5.06%
    $250k+ 11 $2,245,000 $204,091 $1,785 5.07%

    Edmonton State Bank lent most frequently to those with incomes in the $50k or less range, with 136 originations. The second most popular income band? $50k-75k, with 84 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 89 $8,765,000 $98,483 $1,879 5.33%
    20-30% 76 $8,950,000 $117,763 $2,073 5.21%
    <20% 46 $3,980,000 $86,522 $1,714 4.90%
    >60% 20 $2,100,000 $105,000 $1,964 5.49%
    36% 17 $2,085,000 $122,647 $1,658 5.14%
    41% 16 $2,040,000 $127,500 $2,080 5.00%
    43% 11 $1,335,000 $121,364 $2,140 4.92%
    39% 11 $1,265,000 $115,000 $1,785 5.10%
    44% 10 $970,000 $97,000 $1,816 6.04%
    40% 10 $1,210,000 $121,000 $1,916 5.21%
    47% 9 $1,335,000 $148,333 $2,327 4.75%
    49% 8 $1,000,000 $125,000 $1,809 5.20%
    38% 7 $455,000 $65,000 $1,949 5.04%
    45% 7 $745,000 $106,429 $1,954 4.93%
    50-60% 7 $965,000 $137,857 $2,104 5.61%
    37% 6 $540,000 $90,000 $2,012 5.42%
    46% 6 $800,000 $133,333 $2,600 5.40%
    42% 5 $415,000 $83,000 $1,551 5.90%
    48% 3 $155,000 $51,667 $1,486 4.63%

    Edmonton State Bank lent most frequently to those with DTI ratios of 30-36%, with 89 originations. The next most common DTI ratio? 20-30%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 372 $42,290,000 $113,683 $1,939 5.20%
    Not applicable 44 $14,260,000 $324,091 $0 4.97%
    Not provided 6 $550,000 $91,667 $2,072 5.13%
    Black 6 $510,000 $85,000 $1,335 5.40%
    Asian 1 $115,000 $115,000 $1,562 6.25%

    Approval Rates

    Total approvals of all applications
    81.50%

    Edmonton State Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.71%

    Edmonton State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    403.09 1 $5,000 $5,000
    482.35 1 $15,000 $15,000
    NA 427 $57,705,000 $135,141

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $50,000 $25,000
    Multifamily:Site-Built 16 $11,830,000 $739,375
    Single Family (1-4 Units):Manufactured 32 $2,240,000 $70,000
    Single Family (1-4 Units):Site-Built 379 $43,605,000 $115,053

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $3,375,000 $78,488 $1,505 5.43%
    40-60% 65 $6,225,000 $95,769 $1,784 5.21%
    60-80% 149 $21,715,000 $145,738 $1,952 5.10%
    80-100% 146 $24,390,000 $167,055 $2,252 5.08%
    Over 100% 1 $385,000 $385,000 $2,856 5.75%
    Under 20% 25 $1,635,000 $65,400 $943 5.72%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Edmonton State Bank 101 Max Wagner Drive Glasgow, KY 42141 Limited, Drive-thru $1,024
    Edmonton State Bank 118 Main Street Edmonton, KY 42129 Full Service B&M $84,015
    Edmonton State Bank 1300 North Race Street Glasgow, KY 42141 Full Service B&M $6,073
    Edmonton State Bank 157 Main Street Center, KY 42214 Full Service B&M $12,857
    Edmonton State Bank 1900 Scottsville Road Bowling Green, KY 42104 Full Service B&M $34,079
    Edmonton State Bank 213 North Main Street Tompkinsville, KY 42167 Full Service B&M $66,268
    Edmonton State Bank 2417 Summer Shade Rd Summer Shade, KY 42166 Full Service B&M $20,765
    Edmonton State Bank 301 East Main Street Gamaliel, KY 42140 Full Service B&M $7,087
    Edmonton State Bank 32 Lois Moore Drive Scottsville, KY 42164 Full Service B&M $1,541
    Edmonton State Bank 608 East Main Street Scottsville, KY 42164 Full Service B&M $25,042
    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 $132,363
    Edmonton State Bank U.S. Highway 68-80 West Edmonton, KY 42129 Full Service B&M $11,045

    For 2018, Edmonton State Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $23,655
    Net interest income $20,444
    Total noninterest income $4,021
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,491
    Trading account gains and fees $0
    Additional Noninterest Income $2,530
    Pre-tax net operating income $10,234
    Securities gains (or losses, -) $0
    Income before extraordinary items $10,234
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,234
    Minority interest net income $0
    Net income $10,234
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,234

    Edmonton State Bank's gross interest income from loans was $23,655,000.
    Edmonton State Bank's net interest income from loans was $20,444,000.
    Edmonton State Bank's fee based income from loans was $1,491,000.
    Edmonton State Bank's net income from loans was $10,234,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,211
    Provision for credit losses $480
    Total noninterest expense $13,751
    Salaries and employee benefits $7,751
    Premises and equipment expense $1,319
    Additional noninterest expense $4,681
    Applicable income taxes $0
    Net charge-offs $179
    Cash dividends $5,534

    Edmonton State Bank's interest expense for loans was $3,211,000.
    Edmonton State Bank's payroll and benefits expense were $7,751,000.
    Edmonton State Bank's property, plant and equipment expenses $1,319,000.

    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 $416,793
    Deposits held in domestic offices $416,793
    Deposits by Individuals, partnerships, and corporations $379,598
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $24,451
    Deposits by Commercial banks and other depository institutions in U.S. $12,744
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $202,163
    Demand deposits $128,679
    Nontransaction accounts $214,630
    Money market deposit accounts (MMDAs) $10,461
    Other savings deposits (excluding MMDAs) $66,269
    Total time deposits $137,900
    Total time and savings deposits $288,114
    Noninterest-bearing deposits $128,679
    Interest-bearing deposits $288,114
    Retail deposits $407,256
    IRAs and Keogh plan accounts $32,083
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $527,152
    Cash & Balances due from depository institutions $54,202
    Interest-bearing balances $46,188
    Total securities $56,810
    Federal funds sold & reverse repurchase $0
    Net loans and leases $398,908
    Loan and leases loss allowance $5,036
    Trading account assets $0
    Bank premises and fixed assets $11,850
    Other real estate owned $0
    Goodwill and other intangibles $1,000
    All other assets $4,382

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $527,153
    Total Liabilities $452,233
    Total deposits $416,793
    Interest-bearing deposits $288,114
    Deposits held in domestic offices $416,793
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $21,127
    Trading liabilities $0
    Other borrowed funds $13,135
    Subordinated debt $0
    All other liabilities $1,178

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $398,908
    Loan and leases loss allowance $5,036
    Total loans and leases (domestic) $403,944
    All real estate loans $311,183
    Real estate loans in domestic offices $311,183
    Construction and development loans $37,246
    Residential 1-4 family construction $13,752
    Other construction, all land development and other land $23,494
    Loans secured by nonfarm nonresidential properties $87,797
    Nonfarm nonresidential secured by owner-occupied properties $40,992
    Commercial real estate & other non-farm, non-residential $46,805
    Multifamily residential real estate $20,395
    1-4 family residential loans $107,192
    Farmland loans $58,553
    Loans held in foreign offices $0
    Farm loans $13,004
    Commercial and industrial loans $41,059
    To non-U.S. addressees $0
    Loans to individuals $37,919
    Credit card loans $0
    Related Plans $91
    Consumer Auto Loans $20,726
    Other loans to individuals $17,102
    All other loans & leases $778
    Loans to foreign governments and official institutions $0
    Other loans $128
    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 $1,597
    Non 1-4 family restructured loans & leases $710
    Total loans and leases (foreign) $0

    Edmonton State Bank had $398,908,000 of loans outstanding in 2018. $311,183,000 of loans were in real estate loans. $37,246,000 of loans were in development loans. $20,395,000 of loans were in multifamily mortgage loans. $107,192,000 of loans were in 1-4 family mortgage loans. $13,004,000 of loans were in farm loans. $0 of loans were in credit card loans. $20,726,000 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 212 $31,656 $149,321
    Nonfarm, nonresidential loans - <$100k 88 $3,476 $39,500
    Nonfarm, nonresidential loans - $100-250k 66 $7,442 $112,758
    Nonfarm, nonresidential loans - $250k-1MM 58 $20,738 $357,552
    Commercial & Industrial, US addressed loans - <$1MM 540 $25,534 $47,285
    Commercial & Industrial, US addressed loans - <$100k 445 $7,664 $17,222
    Commercial & Industrial, US addressed loans - $100-250k 61 $6,397 $104,869
    Commercial & Industrial, US addressed loans - $250k-1MM 34 $11,473 $337,441
    Farmland loans - <$1MM 417 $41,186 $98,767
    Farmland loans - <$100k 209 $7,421 $35,507
    Farmland loans - $100-250k 143 $16,657 $116,483
    Farmland loans - $250k-1MM 65 $17,108 $263,200
    Agriculture operations loans - <$1MM 520 $12,577 $24,187
    Agriculture operations loans - <$100k 486 $8,461 $17,409
    Agriculture operations loans - $100-250k 29 $2,920 $100,690
    Agriculture operations loans - $250k-1MM 5 $1,196 $239,200