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 Refi and Home Purchase loans. Edmonton State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Bowling Green, Glasgow, Nashville, Louisville, and Sevierville among others. We have data for 12 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% 12/16/24
    30 Year Conventional Refi 6.63% 12/16/24
    30 Year Cash-out Refi 7.05% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    30 Year VA Refi 6.27% 12/16/24
    30 Year USDA Purchase 6.73% 12/16/24
    15 Year Conventional Purchase 6.00% 12/16/24
    15 Year Conventional Refi 5.99% 12/16/24
    15 Year Cash-out Refi 5.99% 12/16/24
    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

    1,021

    Origination Dollar Volume (All Markets)

    $181,635,000

    Employee count

    151

    Awards

    Edmonton State Bank 30 Year Conventional Loans gold Edmonton State Bank 30 Year Conventional Loans silver Edmonton State Bank 30 Year Conventional Loans bronze
    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) 312 $76,680,000 $245,769 $1,828 3.23%
    Glasgow, KY (FHA|USDA|VA) 512 $75,250,000 $146,973 $2,504 3.32%
    Outside of Metro Areas 170 $23,950,000 $140,882 $2,746 3.35%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 14 $3,360,000 $240,000 $1,870 3.68%
    LOUISVILLE, KY (FHA|USDA|VA) 3 $705,000 $235,000 $2,570 3.17%
    Sevierville, TN (FHA|USDA|VA) 1 $425,000 $425,000 $2,870 3.88%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $305,000 $305,000 $1,722 2.25%
    Campbellsville, KY (FHA|USDA|VA) 4 $270,000 $67,500 $2,156 4.18%
    Starkville, MS (FHA|USDA|VA) 1 $235,000 $235,000 $3,975 2.63%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $165,000 $165,000 $2,125 4.25%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $155,000 $155,000 $1,585 3.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.75%
    Edmonton State Bank's top markets include Bowling Green, Glasgow, Nashville, Louisville, and Sevierville among others.

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

    SERVICE ONE
    Similarity Rank: 154
    Morgantown Bank & Trust Company, Incorporated
    Similarity Rank: 186
    Edmonton State Bank
    Similarity Rank: 276
    Abound Federal Credit Union
    Similarity Rank: 480
    Independence Bank of Kentucky
    Similarity Rank: 1020
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 1122
    German American Bank
    Similarity Rank: 1470
    EVANSVILLE TEACHERS
    Similarity Rank: 3315
    FIRST COMMUNITY MORTGAGE, INC.
    Similarity Rank: 3696
    FREEDOM MORTGAGE CORPORATION
    Similarity Rank: 4615

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,021 $181,635,000 $177,899 $2,350 3.30%

    For 2020, Edmonton State Bank's most frequently originated type of loan was Conventional, with 1,021 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 454 $75,650,000 $166,630 $2,228 3.13%
    Home Purchase 330 $73,460,000 $222,606 $2,461 3.67%
    Cash Out Refi 212 $31,200,000 $147,170 $2,522 2.97%
    Home Improvement 15 $585,000 $39,000 $1,487 4.49%
    Other 10 $740,000 $74,000 $2,012 4.19%

    For 2020, Edmonton State Bank's most frequently cited loan purpose was Refi, with 454 originations. The 2nd most popular reason was Home Purchase, with 330 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 384 $69,670,000 $181,432 $2,503 3.23%
    15 Year 262 $35,940,000 $137,176 $2,284 2.77%
    20 Year 235 $39,475,000 $167,979 $2,275 3.77%
    10 Year 84 $7,240,000 $86,190 $1,858 3.34%
    Other 26 $24,930,000 $958,846 $2,112 4.43%
    1 Year 25 $4,075,000 $163,000 $3,405 4.14%
    5 Year 4 $300,000 $75,000 $1,453 5.06%
    3 Year 1 $5,000 $5,000 $900 3.88%

    For 2020, Edmonton State Bank's most frequently cited loan duration was 30 Year, with 384 originations. The 2nd most popular length was 15 Year, with 262 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 359 $59,165,000 $164,805
    $1k-2k 348 $38,290,000 $110,029
    $2k-3k 153 $28,435,000 $185,850
    $3k-4k 29 $8,325,000 $287,069
    $4k-5k 5 $1,725,000 $345,000
    $5k+ 3 $1,725,000 $575,000

    Edmonton State Bank's average total fees were $2,503, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 359 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 346 $79,840,000 $230,751
    2.5-3% 342 $54,640,000 $159,766
    <2.5% 191 $26,395,000 $138,194
    5-6% 78 $8,050,000 $103,205
    4-5% 60 $12,600,000 $210,000
    Over 8% 4 $110,000 $27,500

    During 2020, Edmonton State Bank's average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 3-4%, with 346 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 453 $65,335,000 $144,227 $2,390 3.19%
    $100,000 or less 315 $19,855,000 $63,032 $1,879 3.54%
    $200k-400k 225 $59,595,000 $264,867 $2,754 3.16%
    $400k-600k 15 $7,015,000 $467,667 $3,623 3.45%
    $600k-1MM 7 $4,925,000 $703,571 $9,198 4.30%
    $1MM+ 6 $24,910,000 $4,151,667 $0 3.87%

    2020 saw Edmonton State Bank place emphasis on $100k-200k loans with 453 originations, totaling $65,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 260 $24,090,000 $92,654 $2,092 3.44%
    $50k-75k 206 $27,460,000 $133,301 $2,325 3.21%
    $100k-150k 191 $36,295,000 $190,026 $2,575 3.15%
    $75k-100k 182 $30,140,000 $165,604 $2,478 3.17%
    $150k-250k 70 $16,550,000 $236,429 $2,618 3.02%
    $250k+ 23 $10,155,000 $441,522 $2,253 3.56%

    Edmonton State Bank lent most frequently to those with incomes in the $50k or less range, with 260 originations. The second most popular income band? $50k-75k, with 206 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 283 $42,765,000 $151,113 $2,274 3.14%
    30-36% 175 $28,705,000 $164,029 $2,529 3.18%
    <20% 153 $20,935,000 $136,830 $2,080 3.08%
    44% 36 $5,720,000 $158,889 $2,578 3.55%
    39% 26 $3,570,000 $137,308 $2,479 3.08%
    36% 26 $4,020,000 $154,615 $2,183 3.36%
    42% 25 $4,045,000 $161,800 $2,283 3.46%
    40% 22 $3,500,000 $159,091 $2,624 3.27%
    43% 22 $3,500,000 $159,091 $2,375 3.77%
    37% 20 $2,470,000 $123,500 $2,118 3.32%
    45% 19 $3,115,000 $163,947 $2,420 3.45%
    41% 19 $2,535,000 $133,421 $2,427 3.24%
    46% 17 $2,395,000 $140,882 $2,405 3.00%
    38% 17 $2,125,000 $125,000 $2,366 3.59%
    50-60% 17 $2,055,000 $120,882 $2,411 4.06%
    49% 16 $2,610,000 $163,125 $2,835 3.08%
    >60% 16 $3,070,000 $191,875 $3,451 4.47%
    48% 15 $1,895,000 $126,333 $2,386 3.03%
    47% 14 $2,770,000 $197,857 $2,425 2.96%

    Edmonton State Bank lent most frequently to those with DTI ratios of 20-30%, with 283 originations. The next most common DTI ratio? 30-36%, with 175 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 923 $143,025,000 $154,957 $2,347 3.25%
    Not applicable 72 $34,780,000 $483,056 $0 4.08%
    Not provided 11 $1,455,000 $132,273 $2,381 3.08%
    Black 9 $1,345,000 $149,444 $2,811 3.36%
    Asian 6 $1,030,000 $171,667 $2,079 2.79%

    Approval Rates

    Total approvals of all applications
    86.39%

    Edmonton State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.62%

    Edmonton State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,021 $181,635,000 $177,899

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $55,000 $55,000
    Multifamily:Site-Built 23 $31,545,000 $1,371,522
    Single Family (1-4 Units):Manufactured 22 $1,090,000 $49,545
    Single Family (1-4 Units):Site-Built 975 $148,945,000 $152,764

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 100 $12,520,000 $125,200 $1,735 3.37%
    40-60% 203 $27,755,000 $136,724 $2,109 3.06%
    60-80% 422 $76,930,000 $182,299 $2,461 3.18%
    80-100% 267 $62,025,000 $232,303 $2,665 3.57%
    Over 100% 3 $1,005,000 $335,000 $2,625 4.33%
    Under 20% 24 $1,160,000 $48,333 $1,381 4.34%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Edmonton State Bank 101 Max Wagner Drive Glasgow, KY 42141 Limited, Drive-thru $1,661
    Edmonton State Bank 118 Main Street Edmonton, KY 42129 Full Service B&M $101,185
    Edmonton State Bank 1300 North Race Street Glasgow, KY 42141 Full Service B&M $6,940
    Edmonton State Bank 157 Main Street Center, KY 42214 Full Service B&M $13,186
    Edmonton State Bank 1900 Scottsville Road Bowling Green, KY 42104 Full Service B&M $31,738
    Edmonton State Bank 213 North Main Street Tompkinsville, KY 42167 Full Service B&M $83,794
    Edmonton State Bank 2417 Summer Shade Rd Summer Shade, KY 42166 Full Service B&M $21,648
    Edmonton State Bank 301 East Main Street Gamaliel, KY 42140 Full Service B&M $7,871
    Edmonton State Bank 32 Lois Moore Drive Scottsville, KY 42164 Full Service B&M $6,295
    Edmonton State Bank 608 East Main Street Scottsville, KY 42164 Full Service B&M $42,736
    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 $193,427
    Edmonton State Bank U.S. Highway 68-80 West Edmonton, KY 42129 Full Service B&M $13,202

    For 2020, Edmonton State Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $23,761
    Net interest income $20,058
    Total noninterest income $8,823
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,289
    Trading account gains and fees $0
    Additional Noninterest Income $7,534
    Pre-tax net operating income $12,068
    Securities gains (or losses, -) $0
    Income before extraordinary items $12,068
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,068
    Minority interest net income $0
    Net income $12,068
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,068

    Edmonton State Bank's gross interest income from loans was $23,761,000.
    Edmonton State Bank's net interest income from loans was $20,058,000.
    Edmonton State Bank's fee based income from loans was $1,289,000.
    Edmonton State Bank's net income from loans was $12,068,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,703
    Provision for credit losses $735
    Total noninterest expense $16,078
    Salaries and employee benefits $9,042
    Premises and equipment expense $1,589
    Additional noninterest expense $5,447
    Applicable income taxes $0
    Net charge-offs $232
    Cash dividends $7,582

    Edmonton State Bank's interest expense for loans was $3,703,000.
    Edmonton State Bank's payroll and benefits expense were $9,042,000.
    Edmonton State Bank's property, plant and equipment expenses $1,589,000.

    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 $550,810
    Deposits held in domestic offices $550,810
    Deposits by Individuals, partnerships, and corporations $511,770
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $30,474
    Deposits by Commercial banks and other depository institutions in U.S. $8,566
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $307,471
    Demand deposits $230,333
    Nontransaction accounts $243,339
    Money market deposit accounts (MMDAs) $10,220
    Other savings deposits (excluding MMDAs) $90,033
    Total time deposits $143,086
    Total time and savings deposits $320,477
    Noninterest-bearing deposits $186,643
    Interest-bearing deposits $364,167
    Retail deposits $535,406
    IRAs and Keogh plan accounts $34,583
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $653,299
    Cash & Balances due from depository institutions $158,944
    Interest-bearing balances $145,569
    Total securities $50,229
    Federal funds sold & reverse repurchase $0
    Net loans and leases $423,179
    Loan and leases loss allowance $5,835
    Trading account assets $0
    Bank premises and fixed assets $15,404
    Other real estate owned $0
    Goodwill and other intangibles $1,030
    All other assets $4,513

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $653,299
    Total Liabilities $569,590
    Total deposits $550,810
    Interest-bearing deposits $364,167
    Deposits held in domestic offices $550,810
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $2,573
    Trading liabilities $0
    Other borrowed funds $10,626
    Subordinated debt $0
    All other liabilities $5,581

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $423,179
    Loan and leases loss allowance $5,835
    Total loans and leases (domestic) $429,014
    All real estate loans $326,357
    Real estate loans in domestic offices $326,357
    Construction and development loans $42,725
    Residential 1-4 family construction $17,732
    Other construction, all land development and other land $24,993
    Loans secured by nonfarm nonresidential properties $88,308
    Nonfarm nonresidential secured by owner-occupied properties $35,373
    Commercial real estate & other non-farm, non-residential $52,935
    Multifamily residential real estate $30,876
    1-4 family residential loans $106,917
    Farmland loans $57,531
    Loans held in foreign offices $0
    Farm loans $13,667
    Commercial and industrial loans $43,322
    To non-U.S. addressees $0
    Loans to individuals $44,585
    Credit card loans $0
    Related Plans $65
    Consumer Auto Loans $24,842
    Other loans to individuals $19,678
    All other loans & leases $1,082
    Loans to foreign governments and official institutions $0
    Other loans $476
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,185
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,829
    Non 1-4 family restructured loans & leases $644
    Total loans and leases (foreign) $0

    Edmonton State Bank had $423,179,000 of loans outstanding in 2020. $326,357,000 of loans were in real estate loans. $42,725,000 of loans were in development loans. $30,876,000 of loans were in multifamily mortgage loans. $106,917,000 of loans were in 1-4 family mortgage loans. $13,667,000 of loans were in farm loans. $0 of loans were in credit card loans. $24,842,000 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 208 $28,748 $138,212
    Nonfarm, nonresidential loans - <$100k 91 $3,676 $40,396
    Nonfarm, nonresidential loans - $100-250k 65 $7,187 $110,569
    Nonfarm, nonresidential loans - $250k-1MM 52 $17,885 $343,942
    Commercial & Industrial, US addressed loans - <$1MM 702 $31,422 $44,761
    Commercial & Industrial, US addressed loans - <$100k 581 $11,415 $19,647
    Commercial & Industrial, US addressed loans - $100-250k 80 $8,899 $111,238
    Commercial & Industrial, US addressed loans - $250k-1MM 41 $11,108 $270,927
    Farmland loans - <$1MM 403 $40,718 $101,037
    Farmland loans - <$100k 179 $6,407 $35,793
    Farmland loans - $100-250k 152 $17,028 $112,026
    Farmland loans - $250k-1MM 72 $17,283 $240,042
    Agriculture operations loans - <$1MM 536 $13,667 $25,498
    Agriculture operations loans - <$100k 500 $7,983 $15,966
    Agriculture operations loans - $100-250k 25 $2,441 $97,640
    Agriculture operations loans - $250k-1MM 11 $3,243 $294,818