Traditional Bank Mortgage Rates, Fees & Info

Mount Sterling, KY

LEI: 549300D88XVKM6DJOC77

Tax ID: 61-0284535

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Mortgage Data

Bank Data

Review & Overview

Traditional Bank is a smaller bank specializing in Home Purchase and Refi loans. Traditional Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lexington, Mount Sterling, Frankfort, Louisville, and Richmond among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Traditional Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Traditional 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 3/28/24
30 Year Conventional Purchase 6.91% 3/28/24
30 Year Conventional Refi 7.08% 3/28/24
30 Year Cash-out Refi 6.54% 3/28/24
30 Year FHA Purchase 7.35% 3/28/24
30 Year FHA Refi 6.27% 3/28/24
30 Year VA Purchase 5.84% 3/28/24
15 Year Conventional Purchase 6.08% 3/28/24
15 Year Conventional Refi 6.14% 3/28/24
15 Year Cash-out Refi 6.14% 3/28/24
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.

Traditional Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Traditional 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

546

Origination Dollar Volume (All Markets)

$114,220,000

Employee count

221

Awards

Traditional Bank 30 Year Conventional Loans gold Traditional Bank 30 Year Conventional Loans gold Traditional Bank 30 Year Conventional Loans gold
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
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 360 $88,540,000 $245,944 $1,600 5.12%
Mount Sterling, KY (FHA|USDA|VA) 121 $11,035,000 $91,198 $1,108 5.34%
Frankfort, KY (FHA|USDA|VA) 12 $4,700,000 $391,667 $2,545 5.17%
Outside of Metro Areas 22 $2,800,000 $127,273 $1,467 5.19%
LOUISVILLE, KY (FHA|USDA|VA) 10 $2,310,000 $231,000 $1,867 5.05%
Richmond-Berea, KY (FHA|USDA|VA) 12 $2,040,000 $170,000 $1,152 4.96%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $1,360,000 $680,000 $0 5.55%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $425,000 $425,000 $0 4.85%
Bardstown, KY (FHA|USDA|VA) 1 $255,000 $255,000 $1,272 5.15%
Danville, KY (FHA|USDA|VA) 2 $250,000 $125,000 $0 5.50%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.45%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.75%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $115,000 $115,000 $4,111 4.65%
Traditional Bank's top markets include Lexington, Mount Sterling, Frankfort, Louisville, and Richmond among others.

Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Traditional Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 546 $114,220,000 $209,194 $1,452 5.17%

    For 2018, Traditional Bank's most frequently originated type of loan was Conventional, with 546 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 302 $67,650,000 $224,007 $1,635 5.12%
    Refi 200 $43,400,000 $217,000 $1,282 5.25%
    Other 23 $1,965,000 $85,435 $1,302 5.18%
    Home Improvement 21 $1,205,000 $57,381 $1,051 5.14%

    For 2018, Traditional Bank's most frequently cited loan purpose was Home Purchase, with 302 originations. The 2nd most popular reason was Refi, with 200 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 159 $31,315,000 $196,950 $1,506 4.97%
    10 Year 137 $35,625,000 $260,036 $978 5.23%
    Other 62 $12,260,000 $197,742 $1,104 5.30%
    20 Year 58 $11,460,000 $197,586 $1,348 5.14%
    1 Year 49 $6,225,000 $127,041 $1,991 5.19%
    15 Year 38 $10,790,000 $283,947 $1,447 5.15%
    5 Year 36 $4,440,000 $123,333 $1,307 5.61%
    3 Year 4 $1,040,000 $260,000 $0 6.30%
    30+ year 3 $1,065,000 $355,000 $4,233 4.95%

    For 2018, Traditional Bank's most frequently cited loan duration was 30 Year, with 159 originations. The 2nd most popular length was 10 Year, with 137 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 239 $39,035,000 $163,326
    $1k-2k 9 $3,295,000 $366,111

    Traditional Bank's average total fees were $1,506, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 239 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 286 $52,990,000 $185,280
    4-5% 239 $60,265,000 $252,155
    6-7% 18 $860,000 $47,778
    7-8% 2 $90,000 $45,000
    Over 8% 1 $15,000 $15,000

    During 2018, Traditional Bank's average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 5-6%, with 286 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 218 $12,400,000 $56,881 $1,137 5.32%
    $100k-200k 162 $22,400,000 $138,272 $1,448 5.14%
    $200k-400k 110 $30,440,000 $276,727 $1,718 4.99%
    $400k-600k 23 $10,515,000 $457,174 $2,459 5.02%
    $600k-1MM 20 $14,630,000 $731,500 $2,495 5.17%
    $1MM+ 13 $23,835,000 $1,833,462 $913 5.05%

    2018 saw Traditional Bank place emphasis on $100,000 or less loans with 218 originations, totaling $12,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 130 $11,490,000 $88,385 $1,174 5.32%
    $50k-75k 79 $10,545,000 $133,481 $1,390 5.12%
    $100k-150k 69 $12,965,000 $187,899 $1,605 5.05%
    $75k-100k 45 $6,925,000 $153,889 $1,521 5.06%
    $150k-250k 32 $7,030,000 $219,688 $1,661 5.00%
    $250k+ 22 $8,500,000 $386,364 $2,168 5.02%

    Traditional Bank lent most frequently to those with incomes in the $50k or less range, with 130 originations. The second most popular income band? $50k-75k, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 59 $7,425,000 $125,847 $1,366 5.00%
    20-30% 52 $8,260,000 $158,846 $1,415 5.10%
    <20% 31 $6,105,000 $196,935 $1,412 5.02%
    50-60% 14 $2,170,000 $155,000 $1,461 5.06%
    42% 11 $2,695,000 $245,000 $1,407 5.15%
    41% 11 $2,325,000 $211,364 $1,610 5.13%
    43% 10 $1,970,000 $197,000 $1,785 4.93%
    38% 10 $1,840,000 $184,000 $1,738 4.91%
    >60% 9 $2,165,000 $240,556 $1,718 5.14%
    39% 7 $1,255,000 $179,286 $1,208 5.15%
    40% 6 $940,000 $156,667 $1,751 5.07%
    44% 6 $1,680,000 $280,000 $1,474 5.04%
    47% 5 $1,065,000 $213,000 $1,587 5.03%
    46% 5 $725,000 $145,000 $1,404 4.83%
    45% 4 $260,000 $65,000 $1,075 5.05%
    37% 3 $375,000 $125,000 $1,784 4.78%
    48% 3 $335,000 $111,667 $1,061 4.83%
    36% 3 $775,000 $258,333 $1,208 4.84%
    49% 2 $570,000 $285,000 $1,493 4.95%

    Traditional Bank lent most frequently to those with DTI ratios of 30-36%, with 59 originations. The next most common DTI ratio? 20-30%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 168 $56,460,000 $336,071 $0 5.22%
    White 345 $51,635,000 $149,667 $1,434 5.16%
    Not provided 18 $4,230,000 $235,000 $1,766 5.10%
    Asian 9 $1,035,000 $115,000 $1,679 5.22%
    Black 3 $625,000 $208,333 $1,858 4.92%
    American Indian 2 $170,000 $85,000 $1,459 4.84%
    Asian Indian 1 $65,000 $65,000 $0 5.15%

    Approval Rates

    Total approvals of all applications
    90.16%

    Traditional Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.19%

    Traditional Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $585,000 $585,000
    267.68 1 $15,000 $15,000
    57.68 1 $5,000 $5,000
    NA 543 $113,615,000 $209,236

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 28 $29,140,000 $1,040,714
    Single Family (1-4 Units):Manufactured 39 $1,835,000 $47,051
    Single Family (1-4 Units):Site-Built 479 $83,245,000 $173,789

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 51 $4,445,000 $87,157 $1,135 5.25%
    40-60% 62 $13,530,000 $218,226 $1,338 5.26%
    60-80% 184 $50,950,000 $276,902 $1,498 5.20%
    80-100% 211 $41,295,000 $195,711 $1,565 5.08%
    Over 100% 2 $280,000 $140,000 $0 4.75%
    Under 20% 30 $3,530,000 $117,667 $1,233 5.25%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Traditional Bank, Inc. 100 Walnut Street Frenchburg, KY 40322 Full Service B&M $36,516
    Traditional Bank, Inc. 1378 Indian Mound Drive Mount Sterling, KY 40353 Full Service B&M $9,300
    Traditional Bank, Inc. 163 W. Short St. Suite 100 Lexington, KY 40507 Full Service B&M $148,905
    Traditional Bank, Inc. 2106 Rocky Drive Paris, KY 40361 Full Service B&M $224
    Traditional Bank, Inc. 2197 Nicholasville Road Lexington, KY 40503 Full Service B&M $26,913
    Traditional Bank, Inc. 2801 Palumbo Drive Lexington, KY 40509 Full Service B&M $227,163
    Traditional Bank, Inc. 3333 Lexington Road Paris, KY 40361 Full Service B&M $99,661
    Traditional Bank, Inc. 3353 Tates Creek Road Lexington, KY 40502 Full Service B&M $68,491
    Traditional Bank, Inc. 3720 Palomar Centre Dr. Lexington, KY 40513 Full Service B&M $113,932
    Traditional Bank, Inc. 49 W. Main Street Mount Sterling, KY 40353 Full Service B&M $304,843
    Traditional Bank, Inc. 637 Maysville Road Mount Sterling, KY 40353 Full Service B&M $14,025
    Traditional Bank, Inc. 7450 Indian Mound Drive Mount Sterling, KY 40353 Full Service B&M $7,470
    Traditional Bank, Inc. 7880 Main Street Jeffersonville, KY 40337 Full Service B&M $10,504
    Traditional Bank, Inc. 875 Colby Rd. Winchester, KY 40391 Full Service B&M $151,526

    For 2018, Traditional Bank had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $59,213
    Net interest income $47,340
    Total noninterest income $5,613
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,163
    Trading account gains and fees $0
    Additional Noninterest Income $3,450
    Pre-tax net operating income $24,070
    Securities gains (or losses, -) $3
    Income before extraordinary items $24,073
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $24,073
    Minority interest net income $0
    Net income $24,073
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $24,070

    Traditional Bank's gross interest income from loans was $59,213,000.
    Traditional Bank's net interest income from loans was $47,340,000.
    Traditional Bank's fee based income from loans was $2,163,000.
    Traditional Bank's net income from loans was $24,073,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $11,873
    Provision for credit losses $944
    Total noninterest expense $27,939
    Salaries and employee benefits $16,225
    Premises and equipment expense $3,618
    Additional noninterest expense $8,096
    Applicable income taxes $0
    Net charge-offs $620
    Cash dividends $14,728

    Traditional Bank's interest expense for loans was $11,873,000.
    Traditional Bank's payroll and benefits expense were $16,225,000.
    Traditional Bank's property, plant and equipment expenses $3,618,000.

    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 1.0%
    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 $1,277,925
    Deposits held in domestic offices $1,277,925
    Deposits by Individuals, partnerships, and corporations $1,071,156
    Deposits by U.S. Government $2,001
    Deposits by States and political subdivisions in the U.S. $163,585
    Deposits by Commercial banks and other depository institutions in U.S. $41,183
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $212,307
    Demand deposits $212,307
    Nontransaction accounts $1,065,618
    Money market deposit accounts (MMDAs) $712,312
    Other savings deposits (excluding MMDAs) $67,441
    Total time deposits $285,866
    Total time and savings deposits $1,065,618
    Noninterest-bearing deposits $72,468
    Interest-bearing deposits $1,205,457
    Retail deposits $1,107,284
    IRAs and Keogh plan accounts $38,735
    Brokered deposits $82,959
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,522,837
    Cash & Balances due from depository institutions $73,716
    Interest-bearing balances $48,143
    Total securities $340,554
    Federal funds sold & reverse repurchase $346
    Net loans and leases $1,058,889
    Loan and leases loss allowance $12,697
    Trading account assets $0
    Bank premises and fixed assets $12,029
    Other real estate owned $205
    Goodwill and other intangibles $0
    All other assets $37,098

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,522,837
    Total Liabilities $1,372,420
    Total deposits $1,277,925
    Interest-bearing deposits $1,205,457
    Deposits held in domestic offices $1,277,925
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $38,876
    Trading liabilities $0
    Other borrowed funds $47,701
    Subordinated debt $0
    All other liabilities $7,918

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,058,889
    Loan and leases loss allowance $12,697
    Total loans and leases (domestic) $1,071,586
    All real estate loans $966,425
    Real estate loans in domestic offices $966,425
    Construction and development loans $107,981
    Residential 1-4 family construction $45,386
    Other construction, all land development and other land $62,595
    Loans secured by nonfarm nonresidential properties $357,477
    Nonfarm nonresidential secured by owner-occupied properties $169,538
    Commercial real estate & other non-farm, non-residential $187,939
    Multifamily residential real estate $25,290
    1-4 family residential loans $424,808
    Farmland loans $50,869
    Loans held in foreign offices $0
    Farm loans $6,956
    Commercial and industrial loans $80,427
    To non-U.S. addressees $0
    Loans to individuals $6,482
    Credit card loans $0
    Related Plans $44
    Consumer Auto Loans $977
    Other loans to individuals $5,461
    All other loans & leases $11,296
    Loans to foreign governments and official institutions $0
    Other loans $5,075
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,013
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $306
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Traditional Bank had $1,058,889,000 of loans outstanding in 2018. $966,425,000 of loans were in real estate loans. $107,981,000 of loans were in development loans. $25,290,000 of loans were in multifamily mortgage loans. $424,808,000 of loans were in 1-4 family mortgage loans. $6,956,000 of loans were in farm loans. $0 of loans were in credit card loans. $977,000 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 536 $130,604 $243,664
    Nonfarm, nonresidential loans - <$100k 99 $4,265 $43,081
    Nonfarm, nonresidential loans - $100-250k 164 $19,211 $117,140
    Nonfarm, nonresidential loans - $250k-1MM 273 $107,128 $392,410
    Commercial & Industrial, US addressed loans - <$1MM 744 $51,781 $69,598
    Commercial & Industrial, US addressed loans - <$100k 489 $11,436 $23,387
    Commercial & Industrial, US addressed loans - $100-250k 135 $11,903 $88,170
    Commercial & Industrial, US addressed loans - $250k-1MM 120 $28,442 $237,017
    Farmland loans - <$1MM 141 $15,921 $112,915
    Farmland loans - <$100k 92 $3,375 $36,685
    Farmland loans - $100-250k 14 $2,691 $192,214
    Farmland loans - $250k-1MM 35 $9,855 $281,571
    Agriculture operations loans - <$1MM 158 $4,290 $27,152
    Agriculture operations loans - <$100k 150 $3,110 $20,733
    Agriculture operations loans - $100-250k 3 $194 $64,667
    Agriculture operations loans - $250k-1MM 5 $986 $197,200