Central Bank & Trust Company Mortgage Rates, Fees & Info

Lexington, KY

LEI: 549300C5GU86M1X2DG56

Tax ID: 61-0153605

5 stars - out of 5 stars, based on 53 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Central Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. Central Bank & Trust Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Lexington, Cincinnati, Louisville/jefferson County, Richmond, and Miami among others. Central Bank & Trust Company has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Central Bank & Trust Company is typically a low fee lendor.


Originations

2,795

Origination Dollar Volume (All Markets)

$728,685,000

Employee count

514 Show all (22) awards

Relative Rate

Central Bank & Trust Company's average 30 year fixed rate mortgage of loans were 2.88%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.27%.

Relative Fees

Central Bank & Trust Company's average total fees for a 30 year fixed rate mortgage are $2,403.

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
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1,786 $401,940,000 $225,050 $2,140 2.91%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 419 $184,315,000 $439,893 $2,373 2.89%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 270 $62,270,000 $230,630 $2,291 3.09%
Richmond-Berea, KY (FHA|USDA|VA) 136 $26,570,000 $195,368 $2,393 2.86%
Outside of Metro Areas 85 $13,535,000 $159,235 $2,428 2.94%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $7,560,000 $1,890,000 $12,396 3.72%
DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $6,845,000 $2,281,667 $0 3.83%
Frankfort, KY (FHA|USDA|VA) 23 $4,035,000 $175,435 $2,066 2.82%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $2,620,000 $1,310,000 $5,758 3.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $2,400,000 $1,200,000 $8,121 3.44%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,845,000 $1,845,000 $9,296 3.50%
Danville, KY (FHA|USDA|VA) 11 $1,825,000 $165,909 $2,922 3.04%
Mount Sterling, KY (FHA|USDA|VA) 13 $1,625,000 $125,000 $1,955 3.04%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $1,050,000 $525,000 $4,218 2.50%
London, KY (FHA|USDA|VA) 5 $935,000 $187,000 $2,972 2.55%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $885,000 $885,000 $5,044 3.50%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 3 $745,000 $248,333 $2,337 2.33%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $735,000 $245,000 $2,657 3.46%
Somerset, KY (FHA|USDA|VA) 3 $675,000 $225,000 $3,707 2.63%
Bardstown, KY (FHA|USDA|VA) 3 $645,000 $215,000 $2,117 2.54%
Maysville, KY (FHA|USDA|VA) 4 $590,000 $147,500 $2,890 2.44%
Sevierville, TN (FHA|USDA|VA) 2 $570,000 $285,000 $2,817 3.75%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $545,000 $545,000 $2,855 2.88%
Brevard, NC (FHA|USDA|VA) 1 $545,000 $545,000 $2,153 3.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $475,000 $475,000 $3,287 2.75%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $415,000 $415,000 $3,513 2.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $405,000 $405,000 $1,712 2.25%
ROCHESTER, MN (FHA|USDA|VA) 1 $365,000 $365,000 $2,331 3.13%
COLUMBUS, OH (FHA|USDA|VA) 1 $335,000 $335,000 $2,145 2.63%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $305,000 $305,000 $2,659 2.88%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 2.88%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $245,000 $245,000 $2,149 2.25%
MONROE, MI (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.75%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $125,000 $125,000 $1,892 2.75%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.75%
OWENSBORO, KY (FHA|USDA|VA) 1 $75,000 $75,000 $2,073 2.63%

Central Bank & Trust Company's top markets include Lexington, Cincinnati, Louisville/jefferson County, Richmond, and Miami among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,688 $704,960,000 $262,262 $2,124 2.94%
VA 48 $12,560,000 $261,667 $3,626 2.41%
FHA 36 $7,280,000 $202,222 $5,850 2.69%
USDA 23 $3,885,000 $168,913 $3,935 2.53%

For the 2021 period, Central Bank & Trust Company's most frequently originated loan type of loans were Conventional, with 2,688 originations. Their 2nd most popular type is VA, with 48 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 1,240 $280,120,000 $225,903 $1,955 2.81%
Home Purchase 705 $300,285,000 $425,936 $2,726 3.07%
Cash Out Refi 395 $97,685,000 $247,304 $2,228 2.74%
Other 328 $39,150,000 $119,360 $2,294 3.09%
Home Improvement 127 $11,445,000 $90,118 $1,956 3.43%

For the 2021, Central Bank & Trust Company's most frequently cited loan purpose of loans were Refi, with 1,240 originations. The 2nd most popular reason of loans were Home Purchase, with 705 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,286 $369,430,000 $287,271 $2,403 2.88%
10 Year 688 $61,460,000 $89,331 $1,847 3.14%
15 Year 458 $113,120,000 $246,987 $2,011 2.35%
5 Year 201 $117,645,000 $585,299 $336 3.54%
20 Year 84 $20,280,000 $241,429 $2,108 2.70%
Other 46 $37,130,000 $807,174 $993 3.83%
1 Year 25 $8,335,000 $333,400 $1,917 4.04%
3 Year 7 $1,285,000 $183,571 $11 3.94%

For the 2021, Central Bank & Trust Company's most frequently cited loan length of loans were 30 Year, with 1,286 originations. The 2nd most popular length of loans were 10 Year, with 688 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,832 $504,720,000 $275,502
$1k-2k 10 $3,650,000 $365,000
$2k-3k 6 $1,540,000 $256,667
$3k-4k 1 $325,000 $325,000

$2,403 of loans were Central Bank & Trust Company's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,832 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
<2.5% 1,004 $188,660,000 $187,908
2.5-3% 878 $228,650,000 $260,421
3-4% 611 $278,475,000 $455,769
4-5% 302 $32,900,000 $108,940

During 2021, Central Bank & Trust Company's average interest rate of loans were 2.88%, while their most frequently originated rate bucket of loans were <2.5%, with 1,004 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 901 $133,085,000 $147,708 $2,007 2.86%
$200k-400k 872 $241,950,000 $277,466 $2,298 2.82%
$100,000 or less 649 $37,365,000 $57,573 $1,663 3.16%
$400k-600k 280 $134,460,000 $480,214 $2,697 2.78%
$600k-1MM 64 $47,580,000 $743,438 $2,807 3.40%
$1MM+ 29 $134,245,000 $4,629,138 $6,532 3.51%

2021 saw Central Bank & Trust Company place emphasis on $100k-200k loans with 901 originations, totaling $133,085,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 547 $121,615,000 $222,331 $2,216 2.83%
$50k-75k 466 $72,220,000 $154,979 $2,214 2.92%
$250k+ 444 $174,050,000 $392,005 $2,576 2.99%
$150k-250k 415 $110,855,000 $267,120 $2,246 2.93%
$75k-100k 386 $70,300,000 $182,124 $2,248 2.89%
$50k or less 339 $36,535,000 $107,773 $2,111 2.90%

Central Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 547 originations. The second most popular income band? $50k-75k, with 466 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 826 $186,950,000 $226,332 $2,227 2.87%
<20% 680 $154,950,000 $227,868 $2,131 2.85%
30-36% 443 $97,365,000 $219,786 $2,275 2.95%
37% 89 $20,585,000 $231,292 $2,207 2.98%
36% 75 $15,715,000 $209,533 $2,695 2.92%
40% 65 $13,365,000 $205,615 $2,415 3.07%
38% 60 $13,860,000 $231,000 $2,451 3.12%
43% 58 $12,100,000 $208,621 $2,295 3.06%
45% 58 $13,540,000 $233,448 $2,263 2.71%
39% 57 $14,035,000 $246,228 $2,549 2.98%
42% 54 $11,200,000 $207,407 $2,355 2.85%
41% 54 $10,340,000 $191,481 $2,196 2.86%
44% 53 $10,275,000 $193,868 $2,509 2.88%
46% 27 $7,175,000 $265,741 $2,250 2.80%
49% 21 $4,505,000 $214,524 $2,370 2.68%
47% 21 $5,595,000 $266,429 $2,533 2.95%
48% 19 $4,525,000 $238,158 $2,338 2.85%
50-60% 12 $2,540,000 $211,667 $2,349 3.08%
>60% 3 $535,000 $178,333 $895 3.37%

Central Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 826 originations. The next most common DTI ratio? <20%, with 680 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,427 $551,245,000 $227,130 $2,239 2.87%
Not applicable 86 $122,110,000 $1,419,884 $0 3.89%
Not provided 143 $20,085,000 $140,455 $2,104 3.19%
Black 72 $18,550,000 $257,639 $3,072 3.07%
Asian 59 $15,275,000 $258,898 $2,220 2.79%
American Indian 4 $500,000 $125,000 $1,830 3.00%
Other Asian 2 $390,000 $195,000 $2,608 3.56%
Native Hawaiian 1 $275,000 $275,000 $1,842 2.88%
Asian Indian 1 $255,000 $255,000 $0 3.25%

Approval Rates

Total approvals of all applications
92.55%

Central Bank & Trust Company has an average approval rate.

Pick Rate

Approvals leading to origination
88.81%

Central Bank & Trust Company has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 2,795 $728,685,000 $260,710

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,795 $728,685,000 $260,710

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 429 $62,655,000 $146,049 $1,895 2.99%
40-60% 505 $121,035,000 $239,673 $2,006 2.74%
60-80% 933 $366,375,000 $392,685 $2,215 2.88%
80-100% 483 $143,325,000 $296,739 $2,697 2.93%
Over 100% 5 $1,555,000 $311,000 $9,601 2.50%
Under 20% 412 $26,730,000 $64,879 $799 3.21%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
CENTURY MORTGAGE COMPANY VA mortgage Trouble during payment process 1 100.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Central Bank & Trust Company 2850 Turkey Foot Rd Crestview Hills, KY 41017 Full Service B&M $30,705
Central Bank & Trust Company 100 East Reynolds Road Fayette County, KY 40503 Full Service B&M $71,506
Central Bank & Trust Company 101 Brentwood Street Berea, KY 40403 Full Service B&M $28,939
Central Bank & Trust Company 1110 Pioneer Drive Winchester, KY 40391 Full Service B&M $55,949
Central Bank & Trust Company 137 East Main Street Georgetown, KY 40324 Full Service B&M $88,983
Central Bank & Trust Company 1471 Keene Rd Nicholasville, KY 40356 Full Service B&M $26,325
Central Bank & Trust Company 2075 Dixie Highway Fort Mitchell, KY 41011 Full Service B&M $84,915
Central Bank & Trust Company 2233 Richmond Road Lexington, KY 40502 Full Service B&M $127,145
Central Bank & Trust Company 2347 Versailles Road Lexington, KY 40504 Full Service B&M $70,685
Central Bank & Trust Company 2443 Sir Barton Way Lexington, KY 40509 Full Service B&M $36,398
Central Bank & Trust Company 256 Southland Drive Lexington, KY 40503 Full Service B&M $91,448
Central Bank & Trust Company 4630 Taylorsville Road Louisville, KY 40220 Full Service B&M $34,037
Central Bank & Trust Company 515 New Circle Road, N.W. Lexington, KY 40505 Full Service B&M $58,685
Central Bank & Trust Company 649 East New Circle Road Lexington, KY 40505 Full Service B&M $58,603
Central Bank & Trust Company 7310 Turfway Road Florence, KY 41042 Full Service B&M $224,582
Central Bank & Trust Company 9021 Us Hwy 42 Union, KY 41091 Full Service B&M $24,938
Central Bank & Trust Company 9300 Shelbyville Road, Suite 100 Louisville, KY 40222 Full Service B&M $119,843
Central Bank & Trust Company 300 West Main Street Richmond, KY 40475 Full Service B&M $78,044
Central Bank & Trust Company 300 West Vine Street Lexington, KY 40507 Full Service B&M $947,856
Central Bank & Trust Company 301 North Main Street Nicholasville, KY 40356 Full Service B&M $96,694
Central Bank & Trust Company 3101 Maple Leaf Drive Lexington, KY 40509 Full Service B&M $68,360
Central Bank & Trust Company 321 W Main Street Louisville, KY 40202 Full Service B&M $19,764
Central Bank & Trust Company 3270 Tates Creek Road Lexington, KY 40502 Full Service B&M $77,640
Central Bank & Trust Company 3541 Outer Loop Ste 120 Louisville, KY 40219 Full Service B&M $8,330
Central Bank & Trust Company 3705 Harrodsburg Road Lexington, KY 40504 Full Service B&M $151,420
Central Bank & Trust Company 4090 Tates Creek Centre Dr Lexington, KY 40517 Full Service B&M $82,881
Central Bank & Trust Company 410 Connector Road Georgetown, KY 40324 Full Service B&M $31,118
Central Bank & Trust Company 43 North Maple Street Winchester, KY 40391 Full Service B&M $67,220

For 2021, Central Bank & Trust Company had 28 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $106,562
Net interest income $102,702
Total noninterest income $47,092
Gross Fiduciary activities income $10,083
Service charges on deposit accounts $5,621
Trading account gains and fees $0
Additional Noninterest Income $31,388
Pre-tax net operating income $38,028
Securities gains (or losses, -) $0
Income before extraordinary items $31,370
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $31,370
Minority interest net income $0
Net income $31,370
Sale, conversion, retirement of capital stock, net $0
Net operating income $31,370

Central Bank & Trust Company's gross interest income from loans was $106,562,000.
Central Bank & Trust Company's net interest income from loans was $102,702,000.
Central Bank & Trust Company's fee based income from loans was $5,621,000.
Central Bank & Trust Company's net income from loans was $31,370,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,860
Provision for credit losses $1,017
Total noninterest expense $110,749
Salaries and employee benefits $55,068
Premises and equipment expense $16,635
Additional noninterest expense $39,046
Applicable income taxes $6,658
Net charge-offs $2,208
Cash dividends $2,800

Central Bank & Trust Company's interest expense for loans was $3,860,000.
Central Bank & Trust Company's payroll and benefits expense were $55,068,000.
Central Bank & Trust Company's property, plant and equipment expenses $16,635,000.

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 1.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 1.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 1.0%
Credit card loans 0.5%
Other individual loans 1.0%
Auto loans 1.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $3,236,993
Deposits held in domestic offices $3,236,993
Deposits by Individuals, partnerships, and corporations $3,169,559
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $60,939
Deposits by Commercial banks and other depository institutions in U.S. $6,495
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,964,404
Demand deposits $1,408,694
Nontransaction accounts $1,272,589
Money market deposit accounts (MMDAs) $681,402
Other savings deposits (excluding MMDAs) $259,172
Total time deposits $332,015
Total time and savings deposits $1,828,299
Noninterest-bearing deposits $1,408,694
Interest-bearing deposits $1,828,299
Retail deposits $3,113,460
IRAs and Keogh plan accounts $41,976
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $3,890,954
Cash & Balances due from depository institutions $1,246,412
Interest-bearing balances $1,210,900
Total securities $502,943
Federal funds sold & reverse repurchase $0
Net loans and leases $2,055,082
Loan and leases loss allowance $23,994
Trading account assets $0
Bank premises and fixed assets $27,016
Other real estate owned $385
Goodwill and other intangibles $14,579
All other assets $44,537

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $3,890,954
Total Liabilities $3,526,260
Total deposits $3,236,993
Interest-bearing deposits $1,828,299
Deposits held in domestic offices $3,236,993
% insured (estimated) $67
Federal funds purchased and repurchase agreements $240,852
Trading liabilities $0
Other borrowed funds $25,293
Subordinated debt $0
All other liabilities $23,122

Issued Loan Types

Type Value (in 000's)
Net loans and leases $2,055,082
Loan and leases loss allowance $23,994
Total loans and leases (domestic) $2,079,076
All real estate loans $1,529,983
Real estate loans in domestic offices $1,529,983
Construction and development loans $202,719
Residential 1-4 family construction $52,996
Other construction, all land development and other land $149,723
Loans secured by nonfarm nonresidential properties $619,633
Nonfarm nonresidential secured by owner-occupied properties $232,489
Commercial real estate & other non-farm, non-residential $387,144
Multifamily residential real estate $58,861
1-4 family residential loans $619,807
Farmland loans $28,963
Loans held in foreign offices $0
Farm loans $2,146
Commercial and industrial loans $303,048
To non-U.S. addressees $0
Loans to individuals $165,727
Credit card loans $6,756
Related Plans $0
Consumer Auto Loans $137,488
Other loans to individuals $21,483
All other loans & leases $79,804
Loans to foreign governments and official institutions $0
Other loans $21,152
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 $28,032
Non 1-4 family restructured loans & leases $28,032
Total loans and leases (foreign) $0

Central Bank & Trust Company had $2,055,082,000 of loans outstanding in 2021. $1,529,983,000 of loans were in real estate loans. $202,719,000 of loans were in development loans. $58,861,000 of loans were in multifamily mortgage loans. $619,807,000 of loans were in 1-4 family mortgage loans. $2,146,000 of loans were in farm loans. $6,756,000 of loans were in credit card loans. $137,488,000 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 485 $117,294 $241,843
Nonfarm, nonresidential loans - <$100k 79 $3,519 $44,544
Nonfarm, nonresidential loans - $100-250k 147 $18,021 $122,592
Nonfarm, nonresidential loans - $250k-1MM 259 $95,754 $369,707
Commercial & Industrial, US addressed loans - <$1MM 974 $85,023 $87,293
Commercial & Industrial, US addressed loans - <$100k 653 $17,231 $26,387
Commercial & Industrial, US addressed loans - $100-250k 185 $20,762 $112,227
Commercial & Industrial, US addressed loans - $250k-1MM 136 $47,030 $345,809
Farmland loans - <$1MM 61 $7,435 $121,885
Farmland loans - <$100k 17 $716 $42,118
Farmland loans - $100-250k 32 $3,903 $121,969
Farmland loans - $250k-1MM 12 $2,816 $234,667
Agriculture operations loans - <$1MM 32 $2,146 $67,063
Agriculture operations loans - <$100k 24 $379 $15,792
Agriculture operations loans - $100-250k 3 $468 $156,000
Agriculture operations loans - $250k-1MM 5 $1,299 $259,800