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

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  • 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: Glasgow, Bowling Green, Lexington, Nashville, and Campbellsville 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% 4/21/24
    30 Year Conventional Refi 6.63% 4/21/24
    30 Year Cash-out Refi 7.05% 4/21/24
    30 Year FHA Purchase 6.27% 4/21/24
    30 Year VA Refi 6.27% 4/21/24
    30 Year USDA Purchase 6.73% 4/21/24
    15 Year Conventional Purchase 6.00% 4/21/24
    15 Year Conventional Refi 5.99% 4/21/24
    15 Year Cash-out Refi 5.99% 4/21/24
    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

    491

    Origination Dollar Volume (All Markets)

    $65,255,000

    Employee count

    149

    Awards

    Edmonton State Bank 30 Year Conventional Loans gold Edmonton State Bank 30 Year Conventional Loans silver
    Show all (2) 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
    Glasgow, KY (FHA|USDA|VA) 275 $30,175,000 $109,727 $2,200 4.94%
    BOWLING GREEN, KY (FHA|USDA|VA) 114 $23,810,000 $208,860 $1,941 4.85%
    Outside of Metro Areas 90 $8,800,000 $97,778 $2,384 5.13%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $810,000 $405,000 $3,890 3.69%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $775,000 $258,333 $2,264 4.13%
    Campbellsville, KY (FHA|USDA|VA) 6 $550,000 $91,667 $3,751 5.69%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $335,000 $335,000 $0 5.25%
    Edmonton State Bank's top markets include Glasgow, Bowling Green, Lexington, Nashville, and Campbellsville among others.

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

    Morgantown Bank & Trust Company, Incorporated
    Similarity Rank: 162
    Abound Federal Credit Union
    Similarity Rank: 176
    Edmonton State Bank
    Similarity Rank: 189
    Independence Bank of Kentucky
    Similarity Rank: 532
    German American Bank
    Similarity Rank: 798
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 1080
    EVANSVILLE TEACHERS
    Similarity Rank: 2500
    Republic State Mortgage Co.
    Similarity Rank: 5301
    USAA Federal Savings Bank
    Similarity Rank: 5442
    JPMorgan Chase Bank
    Similarity Rank: 6928

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 491 $65,255,000 $132,902 $2,207 4.95%

    For 2019, Edmonton State Bank's most frequently originated type of loan was Conventional, with 491 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 284 $40,890,000 $143,979 $2,250 5.08%
    Refi 113 $15,195,000 $134,469 $1,960 4.86%
    Cash Out Refi 63 $7,695,000 $122,143 $2,703 4.33%
    Other 16 $610,000 $38,125 $1,535 5.90%
    Home Improvement 15 $865,000 $57,667 $1,595 4.90%

    For 2019, Edmonton State Bank's most frequently cited loan purpose was Home Purchase, with 284 originations. The 2nd most popular reason was Refi, with 113 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 152 $23,930,000 $157,434 $2,490 4.56%
    20 Year 144 $19,110,000 $132,708 $2,081 5.43%
    15 Year 90 $10,420,000 $115,778 $2,108 4.11%
    10 Year 46 $2,280,000 $49,565 $1,695 6.01%
    1 Year 34 $4,040,000 $118,824 $2,854 4.94%
    Other 17 $5,325,000 $313,235 $1,504 5.75%
    5 Year 6 $120,000 $20,000 $1,089 6.13%
    3 Year 2 $30,000 $15,000 $822 4.30%

    For 2019, Edmonton State Bank's most frequently cited loan duration was 30 Year, with 152 originations. The 2nd most popular length was 20 Year, with 144 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 168 $19,970,000 $118,869
    $1k-2k 165 $15,755,000 $95,485
    $2k-3k 46 $8,440,000 $183,478
    $3k-4k 9 $2,305,000 $256,111

    Edmonton State Bank's average total fees were $2,490, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 168 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 148 $21,130,000 $142,770
    4-5% 128 $20,970,000 $163,828
    5-6% 116 $17,050,000 $146,983
    6-7% 82 $5,240,000 $63,902
    Over 8% 9 $265,000 $29,444
    <2.5% 5 $505,000 $101,000
    7-8% 2 $30,000 $15,000
    2.5-3% 1 $65,000 $65,000

    During 2019, Edmonton State Bank's average interest rate for loans was 4.56%, while their most frequently originated rate bucket for loans was 3-4%, with 148 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 250 $14,050,000 $56,200 $1,832 5.38%
    $100k-200k 158 $22,730,000 $143,861 $2,499 4.50%
    $200k-400k 68 $18,060,000 $265,588 $2,864 4.47%
    $400k-600k 11 $5,435,000 $494,091 $2,034 4.86%
    $1MM+ 3 $4,315,000 $1,438,333 $0 5.17%
    $600k-1MM 1 $665,000 $665,000 $0 4.25%

    2019 saw Edmonton State Bank place emphasis on $100,000 or less loans with 250 originations, totaling $14,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 152 $10,870,000 $71,513 $1,951 5.21%
    $50k-75k 117 $12,095,000 $103,376 $2,143 4.97%
    $75k-100k 71 $10,435,000 $146,972 $2,461 4.70%
    $100k-150k 65 $11,205,000 $172,385 $2,472 4.41%
    $150k-250k 20 $4,190,000 $209,500 $2,870 4.44%
    $250k+ 12 $2,250,000 $187,500 $2,571 5.50%

    Edmonton State Bank lent most frequently to those with incomes in the $50k or less range, with 152 originations. The second most popular income band? $50k-75k, with 117 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 135 $15,735,000 $116,556 $2,214 4.84%
    30-36% 66 $6,790,000 $102,879 $2,115 4.93%
    <20% 60 $5,970,000 $99,500 $2,159 4.93%
    >60% 27 $2,565,000 $95,000 $1,952 5.37%
    42% 17 $2,605,000 $153,235 $2,286 4.62%
    39% 16 $1,950,000 $121,875 $2,274 4.75%
    43% 14 $2,290,000 $163,571 $2,518 4.53%
    37% 13 $1,635,000 $125,769 $2,148 5.07%
    44% 12 $1,410,000 $117,500 $2,041 5.02%
    38% 12 $1,570,000 $130,833 $2,235 4.99%
    41% 11 $1,765,000 $160,455 $2,544 4.53%
    36% 11 $1,325,000 $120,455 $2,207 5.09%
    50-60% 10 $1,080,000 $108,000 $2,283 6.15%
    40% 10 $1,230,000 $123,000 $2,173 5.12%
    49% 6 $700,000 $116,667 $2,298 4.08%
    46% 4 $460,000 $115,000 $2,620 4.19%
    45% 4 $540,000 $135,000 $2,232 5.25%
    48% 3 $245,000 $81,667 $1,953 4.96%
    47% 3 $475,000 $158,333 $2,463 4.25%

    Edmonton State Bank lent most frequently to those with DTI ratios of 20-30%, with 135 originations. The next most common DTI ratio? 30-36%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 430 $51,900,000 $120,698 $2,198 4.92%
    Not applicable 50 $12,240,000 $244,800 $0 5.26%
    Not provided 5 $525,000 $105,000 $2,578 5.17%
    Black 3 $315,000 $105,000 $2,585 4.88%
    Asian 3 $275,000 $91,667 $2,423 4.42%

    Approval Rates

    Total approvals of all applications
    86.71%

    Edmonton State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.15%

    Edmonton State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    831.88 1 $25,000 $25,000
    947.3 1 $35,000 $35,000
    NA 489 $65,195,000 $133,323

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $65,000 $65,000
    Multifamily:Site-Built 10 $7,370,000 $737,000
    Single Family (1-4 Units):Manufactured 44 $1,610,000 $36,591
    Single Family (1-4 Units):Site-Built 436 $56,210,000 $128,922

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $2,515,000 $61,341 $1,702 5.28%
    40-60% 85 $8,725,000 $102,647 $2,081 4.74%
    60-80% 183 $27,295,000 $149,153 $2,244 4.87%
    80-100% 162 $25,450,000 $157,099 $2,477 4.99%
    Over 100% 6 $840,000 $140,000 $1,922 6.88%
    Under 20% 14 $430,000 $30,714 $1,106 5.11%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Edmonton State Bank 101 Max Wagner Drive Glasgow, KY 42141 Limited, Drive-thru $1,258
    Edmonton State Bank 118 Main Street Edmonton, KY 42129 Full Service B&M $86,865
    Edmonton State Bank 1300 North Race Street Glasgow, KY 42141 Full Service B&M $6,454
    Edmonton State Bank 157 Main Street Center, KY 42214 Full Service B&M $12,364
    Edmonton State Bank 1900 Scottsville Road Bowling Green, KY 42104 Full Service B&M $35,961
    Edmonton State Bank 213 North Main Street Tompkinsville, KY 42167 Full Service B&M $77,141
    Edmonton State Bank 2417 Summer Shade Rd Summer Shade, KY 42166 Full Service B&M $21,437
    Edmonton State Bank 301 East Main Street Gamaliel, KY 42140 Full Service B&M $6,552
    Edmonton State Bank 32 Lois Moore Drive Scottsville, KY 42164 Full Service B&M $3,474
    Edmonton State Bank 608 East Main Street Scottsville, KY 42164 Full Service B&M $29,771
    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 $135,718
    Edmonton State Bank U.S. Highway 68-80 West Edmonton, KY 42129 Full Service B&M $14,794

    For 2019, Edmonton State Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,565
    Net interest income $21,294
    Total noninterest income $5,426
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,635
    Trading account gains and fees $0
    Additional Noninterest Income $3,791
    Pre-tax net operating income $11,478
    Securities gains (or losses, -) $0
    Income before extraordinary items $11,478
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,478
    Minority interest net income $0
    Net income $11,478
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,478

    Edmonton State Bank's gross interest income from loans was $25,565,000.
    Edmonton State Bank's net interest income from loans was $21,294,000.
    Edmonton State Bank's fee based income from loans was $1,635,000.
    Edmonton State Bank's net income from loans was $11,478,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,271
    Provision for credit losses $480
    Total noninterest expense $14,762
    Salaries and employee benefits $8,262
    Premises and equipment expense $1,413
    Additional noninterest expense $5,087
    Applicable income taxes $0
    Net charge-offs $184
    Cash dividends $7,126

    Edmonton State Bank's interest expense for loans was $4,271,000.
    Edmonton State Bank's payroll and benefits expense were $8,262,000.
    Edmonton State Bank's property, plant and equipment expenses $1,413,000.

    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 $449,634
    Deposits held in domestic offices $449,634
    Deposits by Individuals, partnerships, and corporations $411,693
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $22,747
    Deposits by Commercial banks and other depository institutions in U.S. $15,193
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $236,437
    Demand deposits $174,745
    Nontransaction accounts $213,196
    Money market deposit accounts (MMDAs) $9,943
    Other savings deposits (excluding MMDAs) $68,785
    Total time deposits $134,466
    Total time and savings deposits $274,888
    Noninterest-bearing deposits $136,241
    Interest-bearing deposits $313,393
    Retail deposits $438,673
    IRAs and Keogh plan accounts $32,039
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $546,125
    Cash & Balances due from depository institutions $66,366
    Interest-bearing balances $56,350
    Total securities $59,253
    Federal funds sold & reverse repurchase $0
    Net loans and leases $401,208
    Loan and leases loss allowance $5,332
    Trading account assets $0
    Bank premises and fixed assets $13,089
    Other real estate owned $277
    Goodwill and other intangibles $1,030
    All other assets $4,902

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $546,125
    Total Liabilities $466,929
    Total deposits $449,634
    Interest-bearing deposits $313,393
    Deposits held in domestic offices $449,634
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $4,112
    Trading liabilities $0
    Other borrowed funds $11,877
    Subordinated debt $0
    All other liabilities $1,306

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $401,208
    Loan and leases loss allowance $5,332
    Total loans and leases (domestic) $406,540
    All real estate loans $312,506
    Real estate loans in domestic offices $312,506
    Construction and development loans $35,450
    Residential 1-4 family construction $20,219
    Other construction, all land development and other land $15,231
    Loans secured by nonfarm nonresidential properties $92,002
    Nonfarm nonresidential secured by owner-occupied properties $42,692
    Commercial real estate & other non-farm, non-residential $49,310
    Multifamily residential real estate $22,570
    1-4 family residential loans $107,598
    Farmland loans $54,886
    Loans held in foreign offices $0
    Farm loans $13,441
    Commercial and industrial loans $36,656
    To non-U.S. addressees $0
    Loans to individuals $42,685
    Credit card loans $0
    Related Plans $122
    Consumer Auto Loans $23,421
    Other loans to individuals $19,142
    All other loans & leases $1,252
    Loans to foreign governments and official institutions $0
    Other loans $695
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,865
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,621
    Non 1-4 family restructured loans & leases $663
    Total loans and leases (foreign) $0

    Edmonton State Bank had $401,208,000 of loans outstanding in 2019. $312,506,000 of loans were in real estate loans. $35,450,000 of loans were in development loans. $22,570,000 of loans were in multifamily mortgage loans. $107,598,000 of loans were in 1-4 family mortgage loans. $13,441,000 of loans were in farm loans. $0 of loans were in credit card loans. $23,421,000 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 216 $33,757 $156,282
    Nonfarm, nonresidential loans - <$100k 89 $3,650 $41,011
    Nonfarm, nonresidential loans - $100-250k 66 $7,670 $116,212
    Nonfarm, nonresidential loans - $250k-1MM 61 $22,437 $367,820
    Commercial & Industrial, US addressed loans - <$1MM 570 $27,674 $48,551
    Commercial & Industrial, US addressed loans - <$100k 468 $8,209 $17,541
    Commercial & Industrial, US addressed loans - $100-250k 60 $6,980 $116,333
    Commercial & Industrial, US addressed loans - $250k-1MM 42 $12,485 $297,262
    Farmland loans - <$1MM 393 $37,701 $95,931
    Farmland loans - <$100k 192 $6,971 $36,307
    Farmland loans - $100-250k 140 $15,827 $113,050
    Farmland loans - $250k-1MM 61 $14,903 $244,311
    Agriculture operations loans - <$1MM 528 $13,441 $25,456
    Agriculture operations loans - <$100k 491 $8,271 $16,845
    Agriculture operations loans - $100-250k 26 $2,285 $87,885
    Agriculture operations loans - $250k-1MM 11 $2,885 $262,273