Limestone Bank Mortgage Rates, Fees & Info
Louisville, KY
LEI: 549300FOE3Q0OTXTQ820
Tax ID: 75-3010758
Jump to:
Mortgage Data
Bank Data
Overview
Limestone Bank is a
smaller
bank
specializing in
Home Purchase and Refi loans.
Limestone Bank has a high proportion of conventional loans.
Their top markets include Louisville/jefferson County, Lexington, Bowling Green, Nashville, and Key West among others. Limestone Bank has
an average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Originations
134
Origination Dollar Volume (All Markets)
$82,710,000
Employee count
227
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA)
|
37
|
$46,645,000 |
$1,260,676 |
$0 |
0.00% |
|
LEXINGTON-FAYETTE, KY (FHA|USDA|VA)
|
10
|
$7,370,000 |
$737,000 |
$0 |
0.00% |
|
BOWLING GREEN, KY (FHA|USDA|VA)
|
12
|
$5,730,000 |
$477,500 |
$0 |
0.00% |
|
Outside of Metro Areas
|
39 |
$5,385,000 |
$138,077 |
$0 |
0.00% |
|
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA)
|
3
|
$5,065,000 |
$1,688,333 |
$0 |
0.00% |
|
Key West, FL (FHA|USDA|VA)
|
1
|
$3,005,000 |
$3,005,000 |
$0 |
0.00% |
|
EVANSVILLE, IN-KY (FHA|USDA|VA)
|
4
|
$2,480,000 |
$620,000 |
$0 |
0.00% |
|
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA)
|
1
|
$1,765,000 |
$1,765,000 |
$0 |
0.00% |
|
OWENSBORO, KY (FHA|USDA|VA)
|
10
|
$1,600,000 |
$160,000 |
$0 |
0.00% |
|
Frankfort, KY (FHA|USDA|VA)
|
4
|
$1,600,000 |
$400,000 |
$0 |
0.00% |
|
Glasgow, KY (FHA|USDA|VA)
|
6
|
$650,000 |
$108,333 |
$0 |
0.00% |
|
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA)
|
2
|
$530,000 |
$265,000 |
$0 |
0.00% |
|
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA)
|
1
|
$415,000 |
$415,000 |
$0 |
0.00% |
|
CLARKSVILLE, TN-KY (FHA|USDA|VA)
|
1
|
$325,000 |
$325,000 |
$0 |
0.00% |
|
Campbellsville, KY (FHA|USDA|VA)
|
3
|
$145,000 |
$48,333 |
$0 |
0.00% |
Limestone Bank 's top markets include Louisville/jefferson County, Lexington, Bowling Green, Nashville, and Key West among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
134 |
$82,710,000 |
$617,239 |
$0 |
0.00% |
For the 2021 period, Limestone Bank 's most frequently
originated loan type
of loans were Conventional, with 134 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
84 |
$62,980,000 |
$749,762 |
$0 |
0.00% |
| Refi |
39 |
$18,505,000 |
$474,487 |
$0 |
0.00% |
| Other |
6 |
$570,000 |
$95,000 |
$0 |
0.00% |
| Home Improvement |
5 |
$655,000 |
$131,000 |
$0 |
0.00% |
For the 2021, Limestone Bank 's most frequently cited loan
purpose
of loans were Home Purchase, with 84
originations.
The 2nd most popular reason of loans were Refi,
with 39 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Other |
134 |
$82,710,000 |
$617,239 |
$0 |
0.00% |
For the 2021, Limestone Bank 's most frequently cited loan
length
of loans were Other, with 134 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100,000 or less |
47 |
$3,145,000 |
$66,915 |
$0 |
0.00% |
| $100k-200k |
44 |
$6,450,000 |
$146,591 |
$0 |
0.00% |
| $200k-400k |
22 |
$5,820,000 |
$264,545 |
$0 |
0.00% |
| $1MM+ |
14 |
$62,310,000 |
$4,450,714 |
$0 |
0.00% |
| $600k-1MM |
5 |
$4,095,000 |
$819,000 |
$0 |
0.00% |
| $400k-600k |
2 |
$890,000 |
$445,000 |
$0 |
0.00% |
2021 saw Limestone Bank place emphasis on
$100,000 or less loans
with 47 originations, totaling
$3,145,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $50k or less |
35 |
$3,175,000 |
$90,714 |
$0 |
0.00% |
| $50k-75k |
22 |
$3,590,000 |
$163,182 |
$0 |
0.00% |
| $75k-100k |
11 |
$1,415,000 |
$128,636 |
$0 |
0.00% |
| $100k-150k |
10 |
$1,590,000 |
$159,000 |
$0 |
0.00% |
| $250k+ |
8 |
$3,500,000 |
$437,500 |
$0 |
0.00% |
| $150k-250k |
5 |
$835,000 |
$167,000 |
$0 |
0.00% |
Limestone Bank lent most frequently to those with incomes in the
$50k or less range, with
35 originations.
The second most popular income band? $50k-75k,
with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Exempt% |
134 |
$82,710,000 |
$617,239 |
$0 |
0.00% |
Limestone Bank lent most frequently to those with DTI ratios
of Exempt%, with
134 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Not applicable |
43 |
$68,605,000 |
$1,595,465 |
$0 |
0.00% |
| White |
68 |
$10,730,000 |
$157,794 |
$0 |
0.00% |
| Black |
20 |
$2,620,000 |
$131,000 |
$0 |
0.00% |
| Not provided |
3 |
$755,000 |
$251,667 |
$0 |
0.00% |
Approval Rates
Total approvals of all applications
87.84%
Limestone Bank has an average approval rate.
Pick Rate
Approvals leading to origination
72.68%
Limestone Bank has a below average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| Exempt |
134 |
$82,710,000 |
$617,239 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
134 |
$82,710,000 |
$617,239 |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Limestone Bank, Inc. |
100 Highway 676 Frankfort, KY 40601 |
Full Service B&M
|
$29,234 |
| Limestone Bank, Inc. |
2500 Eastpoint Parkway Louisville, KY 40223 |
Full Service B&M
|
$191,030 |
| Limestone Bank, Inc. |
3250 Hayden Road Owensboro, KY 42303 |
Full Service B&M
|
$0 |
| Limestone Bank, Inc. |
3332 Villa Point Owensboro, KY 42303 |
Full Service B&M
|
$19,231 |
| Limestone Bank, Inc. |
3500 Frederica Street Owensboro, KY 42301 |
Full Service B&M
|
$70,279 |
| Limestone Bank, Inc. |
3880 Fountainblue Lane Lexington, KY 40513 |
Full Service B&M
|
$67,409 |
| Limestone Bank, Inc. |
4304 Shelbyville Road Louisville, KY 40207 |
Full Service B&M
|
$3,594 |
| Limestone Bank, Inc. |
5440 Castle Highway Pleasureville, KY 40057 |
Full Service B&M
|
$86,970 |
| Limestone Bank, Inc. |
646 Elm Street Eminence, KY 40019 |
Full Service B&M
|
$8,822 |
| Limestone Bank, Inc. |
6980 North Preston Highway Louisville, KY 40229 |
Full Service B&M
|
$69,824 |
| Limestone Bank, Inc. |
751 Campbell Lane Bowling Green, KY 42104 |
Full Service B&M
|
$30,794 |
| Limestone Bank, Inc. |
949 South Dixie Highway Munfordville, KY 42765 |
Full Service B&M
|
$80,683 |
| Limestone Bank, Inc. |
1006 West Main Street Glasgow, KY 42141 |
Full Service B&M
|
$47,340 |
| Limestone Bank, Inc. |
112 West G L Smith Street Morgantown, KY 42261 |
Full Service B&M
|
$50,665 |
| Limestone Bank, Inc. |
113 East Main Cross Street Brownsville, KY 42210 |
Full Service B&M
|
$40,480 |
| Limestone Bank, Inc. |
130 West Main Street Lexington, KY 40507 |
Full Service B&M
|
$31,478 |
| Limestone Bank, Inc. |
1300 North Main Street Beaver Dam, KY 42320 |
Full Service B&M
|
$88,322 |
| Limestone Bank, Inc. |
155 Conestoga Parkway Shepherdsville, KY 40165 |
Full Service B&M
|
$69,373 |
| Limestone Bank, Inc. |
1690 Ring Road Avenue Elizabethtown, KY 42701 |
Full Service B&M
|
$47,286 |
| Limestone Bank, Inc. |
201 East Main Street Horse Cave, KY 42749 |
Full Service B&M
|
$12,544 |
| Limestone Bank, Inc. |
202 North Main Street Greensburg, KY 42743 |
Full Service B&M
|
$76,310 |
| Limestone Bank, Inc. |
2500 Eastpoint Parkway Louisville, KY 40223 |
Full Service Cyber Office
|
$21,335 |
For 2021, Limestone Bank had 22 branches.
Yearly Performance Overview
Bank Income
Limestone Bank 's gross interest income from loans was $49,915,000.
Limestone Bank 's net interest income from loans was $46,225,000.
Limestone Bank 's fee based income from loans was $2,256,000.
Limestone Bank 's net income from loans was $17,508,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$3,690 |
| Provision for credit losses |
$1,150 |
| Total noninterest expense |
$30,488 |
| Salaries and employee benefits |
$17,102 |
| Premises and equipment expense |
$4,035 |
| Additional noninterest expense |
$9,351 |
| Applicable income taxes |
$5,516 |
| Net charge-offs |
$2,062 |
| Cash dividends |
$2,000 |
Limestone Bank 's interest expense for loans was $3,690,000.
Limestone Bank 's payroll and benefits expense were $17,102,000.
Limestone Bank 's property, plant and equipment expenses $4,035,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$1,213,427 |
| Deposits held in domestic offices |
$1,213,427 |
| Deposits by Individuals, partnerships, and corporations |
$1,076,407 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$137,020 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$0 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$561,416 |
| Demand deposits |
$561,416 |
| Nontransaction accounts |
$652,011 |
| Money market deposit accounts (MMDAs) |
$222,577 |
| Other savings deposits (excluding MMDAs) |
$163,423 |
| Total time deposits |
$266,011 |
| Total time and savings deposits |
$652,011 |
| Noninterest-bearing deposits |
$274,208 |
| Interest-bearing deposits |
$939,219 |
| Retail deposits |
$1,200,027 |
| IRAs and Keogh plan accounts |
$37,030 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$1,407,879 |
| Cash & Balances due from depository institutions |
$77,568 |
| Interest-bearing balances |
$67,075 |
| Total securities |
$260,673 |
| Federal funds sold & reverse repurchase |
$35 |
| Net loans and leases |
$990,309 |
| Loan and leases loss allowance |
$11,531 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$21,660 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$8,241 |
| All other assets |
$49,393 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$1,407,879 |
| Total Liabilities |
$1,242,398 |
| Total deposits |
$1,213,427 |
| Interest-bearing deposits |
$939,219 |
| Deposits held in domestic offices |
$1,213,427 |
| % insured (estimated) |
$86 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$20,000 |
| Subordinated debt |
$0 |
| All other liabilities |
$8,971 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$990,309 |
| Loan and leases loss allowance |
$11,531 |
| Total loans and leases (domestic) |
$1,001,840 |
| All real estate loans |
$708,183 |
| Real estate loans in domestic offices |
$708,183 |
| Construction and development loans |
$74,806 |
| Residential 1-4 family construction |
$9,635 |
| Other construction, all land development and other land |
$65,171 |
| Loans secured by nonfarm nonresidential properties |
$345,893 |
| Nonfarm nonresidential secured by owner-occupied properties |
$104,146 |
| Commercial real estate & other non-farm, non-residential |
$241,747 |
| Multifamily residential real estate |
$50,224 |
| 1-4 family residential loans |
$168,873 |
| Farmland loans |
$68,387 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$35,924 |
| Commercial and industrial loans |
$220,826 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$36,440 |
| Credit card loans |
$0 |
| Related Plans |
$5,202 |
| Consumer Auto Loans |
$2,987 |
| Other loans to individuals |
$28,251 |
| All other loans & leases |
$468 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$208 |
| 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 |
$340 |
| Non 1-4 family restructured loans & leases |
$340 |
| Total loans and leases (foreign) |
$0 |
Limestone Bank had $990,309,000 of loans outstanding in 2021. $708,183,000 of loans were in real estate loans.
$74,806,000 of loans were in development loans. $50,224,000 of loans were in multifamily mortgage loans.
$168,873,000 of loans were in 1-4 family mortgage loans. $35,924,000 of loans were in farm loans. $0
of loans were in credit card loans. $2,987,000 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 |
239 |
$49,289 |
$206,230 |
| Nonfarm, nonresidential loans - <$100k |
57 |
$2,043 |
$35,842 |
| Nonfarm, nonresidential loans - $100-250k |
79 |
$7,902 |
$100,025 |
| Nonfarm, nonresidential loans - $250k-1MM |
103 |
$39,344 |
$381,981 |
| Commercial & Industrial, US addressed loans - <$1MM |
500 |
$60,416 |
$120,832 |
| Commercial & Industrial, US addressed loans - <$100k |
286 |
$6,211 |
$21,717 |
| Commercial & Industrial, US addressed loans - $100-250k |
87 |
$11,194 |
$128,667 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
127 |
$43,011 |
$338,669 |
| Farmland loans - <$1MM |
274 |
$23,278 |
$84,956 |
| Farmland loans - <$100k |
138 |
$4,795 |
$34,746 |
| Farmland loans - $100-250k |
105 |
$10,840 |
$103,238 |
| Farmland loans - $250k-1MM |
31 |
$7,643 |
$246,548 |
| Agriculture operations loans - <$1MM |
274 |
$7,155 |
$26,113 |
| Agriculture operations loans - <$100k |
239 |
$3,819 |
$15,979 |
| Agriculture operations loans - $100-250k |
27 |
$2,633 |
$97,519 |
| Agriculture operations loans - $250k-1MM |
8 |
$703 |
$87,875 |
