Kentucky Farmers Bank Corporation Mortgage Rates, Fees & Info

Catlettsburg, KY

LEI: 549300CGYC6O4770DL96

Tax ID: 61-0245510

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Kentucky Farmers Bank Corporation is a smaller bank specializing in Home Purchase and Refi loans. Kentucky Farmers Bank Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Huntington, Cincinnati, Portsmouth, Lexington, and St. Louis among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kentucky Farmers Bank Corporation 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.

    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.

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    Originations

    126

    Origination Dollar Volume (All Markets)

    $14,970,000

    Employee count

    63

    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
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 115 $13,045,000 $113,435 $0 0.00%
    Outside of Metro Areas 5 $475,000 $95,000 $0 0.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    Portsmouth, OH (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Kentucky Farmers Bank Corporation's top markets include Huntington, Cincinnati, Portsmouth, Lexington, and St. Louis among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $14,970,000 $118,810 $0 0.00%

    For 2019, Kentucky Farmers Bank Corporation's most frequently originated type of loan was Conventional, with 126 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 60 $8,610,000 $143,500 $0 0.00%
    Refi 48 $5,210,000 $108,542 $0 0.00%
    Home Improvement 10 $690,000 $69,000 $0 0.00%
    Other 8 $460,000 $57,500 $0 0.00%

    For 2019, Kentucky Farmers Bank Corporation's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 126 $14,970,000 $118,810 $0 0.00%

    For 2019, Kentucky Farmers Bank Corporation's most frequently cited loan duration was Other, with 126 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 73 $4,135,000 $56,644 $0 0.00%
    $100k-200k 33 $4,775,000 $144,697 $0 0.00%
    $200k-400k 18 $5,110,000 $283,889 $0 0.00%
    $400k-600k 2 $950,000 $475,000 $0 0.00%

    2019 saw Kentucky Farmers Bank Corporation place emphasis on $100,000 or less loans with 73 originations, totaling $4,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 32 $2,640,000 $82,500 $0 0.00%
    $100k-150k 27 $3,955,000 $146,481 $0 0.00%
    $50k or less 24 $1,050,000 $43,750 $0 0.00%
    $75k-100k 15 $1,355,000 $90,333 $0 0.00%
    $150k-250k 13 $2,235,000 $171,923 $0 0.00%
    $250k+ 8 $2,530,000 $316,250 $0 0.00%

    Kentucky Farmers Bank Corporation lent most frequently to those with incomes in the $50k-75k range, with 32 originations. The second most popular income band? $100k-150k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 126 $14,970,000 $118,810 $0 0.00%

    Kentucky Farmers Bank Corporation lent most frequently to those with DTI ratios of Exempt%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 120 $13,620,000 $113,500 $0 0.00%
    Not applicable 5 $965,000 $193,000 $0 0.00%
    Black 1 $385,000 $385,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.02%

    Kentucky Farmers Bank Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.02%

    Kentucky Farmers Bank Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 126 $14,970,000 $118,810

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 11 $655,000 $59,545
    Single Family (1-4 Units):Site-Built 115 $14,315,000 $124,478

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Kentucky Housing Corporation Conventional home mortgage Struggling to pay mortgage 1 25.0%
    Kentucky Housing Corporation Conventional home mortgage Trouble during payment process 1 25.0%
    Kentucky Housing Corporation FHA mortgage Incorrect information on your report 2 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Kentucky Farmers Bank Corporation 2500 Broadway Catlettsburg, KY 41129 Full Service B&M $50,088
    Kentucky Farmers Bank Corporation 835 Carter Avenue Ashland, KY 41101 Full Service B&M $34,096
    Kentucky Farmers Bank Corporation U.S. Highway 60 Boyd County, KY 41101 Full Service B&M $60,731

    For 2019, Kentucky Farmers Bank Corporation had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,953
    Net interest income $8,190
    Total noninterest income $1,823
    Gross Fiduciary activities income $860
    Service charges on deposit accounts $384
    Trading account gains and fees $0
    Additional Noninterest Income $579
    Pre-tax net operating income $3,493
    Securities gains (or losses, -) $-213
    Income before extraordinary items $3,280
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,280
    Minority interest net income $0
    Net income $3,280
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,493

    Kentucky Farmers Bank Corporation's gross interest income from loans was $8,953,000.
    Kentucky Farmers Bank Corporation's net interest income from loans was $8,190,000.
    Kentucky Farmers Bank Corporation's fee based income from loans was $384,000.
    Kentucky Farmers Bank Corporation's net income from loans was $3,280,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $763
    Provision for credit losses $160
    Total noninterest expense $6,360
    Salaries and employee benefits $3,363
    Premises and equipment expense $472
    Additional noninterest expense $2,525
    Applicable income taxes $0
    Net charge-offs $126
    Cash dividends $1,600

    Kentucky Farmers Bank Corporation's interest expense for loans was $763,000.
    Kentucky Farmers Bank Corporation's payroll and benefits expense were $3,363,000.
    Kentucky Farmers Bank Corporation's property, plant and equipment expenses $472,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 5.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $162,101
    Deposits held in domestic offices $162,101
    Deposits by Individuals, partnerships, and corporations $145,747
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,085
    Deposits by Commercial banks and other depository institutions in U.S. $3,269
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $65,869
    Demand deposits $39,753
    Nontransaction accounts $96,232
    Money market deposit accounts (MMDAs) $6,027
    Other savings deposits (excluding MMDAs) $49,378
    Total time deposits $40,826
    Total time and savings deposits $122,348
    Noninterest-bearing deposits $39,541
    Interest-bearing deposits $122,560
    Retail deposits $156,983
    IRAs and Keogh plan accounts $9,157
    Brokered deposits $1,736
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $208,050
    Cash & Balances due from depository institutions $28,303
    Interest-bearing balances $22,894
    Total securities $68,336
    Federal funds sold & reverse repurchase $864
    Net loans and leases $104,058
    Loan and leases loss allowance $874
    Trading account assets $0
    Bank premises and fixed assets $3,075
    Other real estate owned $587
    Goodwill and other intangibles $312
    All other assets $2,515

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $208,050
    Total Liabilities $162,632
    Total deposits $162,101
    Interest-bearing deposits $122,560
    Deposits held in domestic offices $162,101
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $531

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $104,058
    Loan and leases loss allowance $874
    Total loans and leases (domestic) $104,932
    All real estate loans $84,702
    Real estate loans in domestic offices $84,702
    Construction and development loans $5,168
    Residential 1-4 family construction $1,665
    Other construction, all land development and other land $3,503
    Loans secured by nonfarm nonresidential properties $19,306
    Nonfarm nonresidential secured by owner-occupied properties $9,905
    Commercial real estate & other non-farm, non-residential $9,401
    Multifamily residential real estate $1,737
    1-4 family residential loans $56,224
    Farmland loans $2,267
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $8,050
    To non-U.S. addressees $0
    Loans to individuals $11,556
    Credit card loans $0
    Related Plans $491
    Consumer Auto Loans $6,365
    Other loans to individuals $4,700
    All other loans & leases $624
    Loans to foreign governments and official institutions $0
    Other loans $78
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Kentucky Farmers Bank Corporation had $104,058,000 of loans outstanding in 2019. $84,702,000 of loans were in real estate loans. $5,168,000 of loans were in development loans. $1,737,000 of loans were in multifamily mortgage loans. $56,224,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $6,365,000 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 103 $13,619 $132,223
    Nonfarm, nonresidential loans - <$100k 44 $1,517 $34,477
    Nonfarm, nonresidential loans - $100-250k 36 $4,566 $126,833
    Nonfarm, nonresidential loans - $250k-1MM 23 $7,536 $327,652
    Commercial & Industrial, US addressed loans - <$1MM 65 $4,790 $73,692
    Commercial & Industrial, US addressed loans - <$100k 40 $783 $19,575
    Commercial & Industrial, US addressed loans - $100-250k 16 $1,555 $97,188
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $2,452 $272,444
    Farmland loans - <$1MM 19 $1,899 $99,947
    Farmland loans - <$100k 3 $94 $31,333
    Farmland loans - $100-250k 8 $891 $111,375
    Farmland loans - $250k-1MM 8 $914 $114,250