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, Portsmouth, Lexington, Port St. Lucie, and Columbus among others. We have data for 10 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

    176

    Origination Dollar Volume (All Markets)

    $29,180,000

    Employee count

    61

    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) 141 $21,005,000 $148,972 $0 0.00%
    Portsmouth, OH (FHA|USDA|VA) 5 $1,875,000 $375,000 $0 0.00%
    Outside of Metro Areas 17 $1,535,000 $90,294 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 4 $1,010,000 $252,500 $0 0.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 0.00%
    COLUMBUS, OH (FHA|USDA|VA) 2 $970,000 $485,000 $0 0.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $675,000 $225,000 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $625,000 $625,000 $0 0.00%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    Kentucky Farmers Bank Corporation's top markets include Huntington, Portsmouth, Lexington, Port St. Lucie, and Columbus among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 176 $29,180,000 $165,795 $0 0.00%

    For 2021, Kentucky Farmers Bank Corporation's most frequently originated type of loan was Conventional, with 176 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 82 $16,580,000 $202,195 $0 0.00%
    Refi 81 $11,415,000 $140,926 $0 0.00%
    Other 8 $930,000 $116,250 $0 0.00%
    Home Improvement 5 $255,000 $51,000 $0 0.00%

    For 2021, Kentucky Farmers Bank Corporation's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Refi, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 176 $29,180,000 $165,795 $0 0.00%

    For 2021, Kentucky Farmers Bank Corporation's most frequently cited loan duration was Other, with 176 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 83 $4,665,000 $56,205 $0 0.00%
    $100k-200k 54 $7,820,000 $144,815 $0 0.00%
    $200k-400k 27 $7,005,000 $259,444 $0 0.00%
    $1MM+ 4 $5,200,000 $1,300,000 $0 0.00%
    $400k-600k 4 $1,830,000 $457,500 $0 0.00%
    $600k-1MM 4 $2,660,000 $665,000 $0 0.00%

    2021 saw Kentucky Farmers Bank Corporation place emphasis on $100,000 or less loans with 83 originations, totaling $4,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $6,865,000 $167,439 $0 0.00%
    $50k or less 41 $2,875,000 $70,122 $0 0.00%
    $50k-75k 34 $3,510,000 $103,235 $0 0.00%
    $150k-250k 19 $4,055,000 $213,421 $0 0.00%
    $75k-100k 14 $1,710,000 $122,143 $0 0.00%
    $250k+ 9 $3,815,000 $423,889 $0 0.00%

    Kentucky Farmers Bank Corporation lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $50k or less, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 176 $29,180,000 $165,795 $0 0.00%

    Kentucky Farmers Bank Corporation lent most frequently to those with DTI ratios of Exempt%, with 176 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 156 $22,550,000 $144,551 $0 0.00%
    Not applicable 18 $6,350,000 $352,778 $0 0.00%
    Not provided 1 $195,000 $195,000 $0 0.00%
    Black 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.91%

    Kentucky Farmers Bank Corporation has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.00%

    Kentucky Farmers Bank Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 176 $29,180,000 $165,795

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    176 $29,180,000 $165,795

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Kentucky Housing Corporation Conventional home mortgage Struggling to pay mortgage 1 50.0%
    Kentucky Housing Corporation FHA mortgage Struggling to pay mortgage 1 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 $61,873
    Kentucky Farmers Bank Corporation 4393 Highway 2565 Louisa, KY 41230 Full Service B&M $17,555
    Kentucky Farmers Bank Corporation 835 Carter Avenue Ashland, KY 41101 Full Service B&M $58,761
    Kentucky Farmers Bank Corporation U.S. Highway 60 Boyd County, KY 41101 Full Service B&M $79,416

    For 2021, Kentucky Farmers Bank Corporation had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,932
    Net interest income $10,415
    Total noninterest income $2,440
    Gross Fiduciary activities income $1,182
    Service charges on deposit accounts $382
    Trading account gains and fees $0
    Additional Noninterest Income $876
    Pre-tax net operating income $6,643
    Securities gains (or losses, -) $-213
    Income before extraordinary items $6,430
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,430
    Minority interest net income $0
    Net income $6,430
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,643

    Kentucky Farmers Bank Corporation's gross interest income from loans was $10,932,000.
    Kentucky Farmers Bank Corporation's net interest income from loans was $10,415,000.
    Kentucky Farmers Bank Corporation's fee based income from loans was $382,000.
    Kentucky Farmers Bank Corporation's net income from loans was $6,430,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $517
    Provision for credit losses $-68
    Total noninterest expense $6,280
    Salaries and employee benefits $3,802
    Premises and equipment expense $594
    Additional noninterest expense $1,884
    Applicable income taxes $0
    Net charge-offs $-27
    Cash dividends $1,200

    Kentucky Farmers Bank Corporation's interest expense for loans was $517,000.
    Kentucky Farmers Bank Corporation's payroll and benefits expense were $3,802,000.
    Kentucky Farmers Bank Corporation's property, plant and equipment expenses $594,000.

    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 $223,202
    Deposits held in domestic offices $223,202
    Deposits by Individuals, partnerships, and corporations $184,152
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $35,919
    Deposits by Commercial banks and other depository institutions in U.S. $3,131
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $120,505
    Demand deposits $62,199
    Nontransaction accounts $102,697
    Money market deposit accounts (MMDAs) $1,800
    Other savings deposits (excluding MMDAs) $68,207
    Total time deposits $32,690
    Total time and savings deposits $161,003
    Noninterest-bearing deposits $62,199
    Interest-bearing deposits $161,003
    Retail deposits $216,092
    IRAs and Keogh plan accounts $8,269
    Brokered deposits $3,873
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $270,868
    Cash & Balances due from depository institutions $12,566
    Interest-bearing balances $6,687
    Total securities $97,732
    Federal funds sold & reverse repurchase $13,462
    Net loans and leases $140,828
    Loan and leases loss allowance $922
    Trading account assets $0
    Bank premises and fixed assets $3,232
    Other real estate owned $9
    Goodwill and other intangibles $183
    All other assets $2,856

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $270,868
    Total Liabilities $223,579
    Total deposits $223,202
    Interest-bearing deposits $161,003
    Deposits held in domestic offices $223,202
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $377

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $140,828
    Loan and leases loss allowance $922
    Total loans and leases (domestic) $141,750
    All real estate loans $110,463
    Real estate loans in domestic offices $110,463
    Construction and development loans $4,250
    Residential 1-4 family construction $1,150
    Other construction, all land development and other land $3,100
    Loans secured by nonfarm nonresidential properties $37,133
    Nonfarm nonresidential secured by owner-occupied properties $15,662
    Commercial real estate & other non-farm, non-residential $21,471
    Multifamily residential real estate $2,181
    1-4 family residential loans $66,122
    Farmland loans $777
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $10,916
    To non-U.S. addressees $0
    Loans to individuals $9,305
    Credit card loans $0
    Related Plans $785
    Consumer Auto Loans $5,334
    Other loans to individuals $3,186
    All other loans & leases $11,084
    Loans to foreign governments and official institutions $0
    Other loans $66
    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 $155
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Kentucky Farmers Bank Corporation had $140,828,000 of loans outstanding in 2021. $110,463,000 of loans were in real estate loans. $4,250,000 of loans were in development loans. $2,181,000 of loans were in multifamily mortgage loans. $66,122,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $5,334,000 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 85 $14,911 $175,424
    Nonfarm, nonresidential loans - <$100k 24 $913 $38,042
    Nonfarm, nonresidential loans - $100-250k 32 $3,713 $116,031
    Nonfarm, nonresidential loans - $250k-1MM 29 $10,285 $354,655
    Commercial & Industrial, US addressed loans - <$1MM 91 $7,154 $78,615
    Commercial & Industrial, US addressed loans - <$100k 55 $1,795 $32,636
    Commercial & Industrial, US addressed loans - $100-250k 28 $3,454 $123,357
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $1,905 $238,125
    Farmland loans - <$1MM 6 $777 $129,500
    Farmland loans - <$100k 1 $38 $38,000
    Farmland loans - $100-250k 3 $356 $118,667
    Farmland loans - $250k-1MM 2 $383 $191,500