Limestone Bank Mortgage Rates, Fees & Info

Louisville, KY

LEI: 549300FOE3Q0OTXTQ820

Tax ID: 75-3010758

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Mortgage Data

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

    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 by origination volume include: Louisville, Lexington, North Port, Glasgow, and Campbellsville among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Limestone Bank 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

    153

    Origination Dollar Volume (All Markets)

    $40,885,000

    Employee count

    244

    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
    LOUISVILLE, KY (FHA|USDA|VA) 41 $24,265,000 $591,829 $0 0.00%
    Outside of Metro Areas 52 $5,950,000 $114,423 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 6 $2,000,000 $333,333 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,995,000 $1,995,000 $0 0.00%
    Glasgow, KY (FHA|USDA|VA) 13 $1,815,000 $139,615 $0 0.00%
    Campbellsville, KY (FHA|USDA|VA) 14 $1,670,000 $119,286 $0 0.00%
    BOWLING GREEN, KY (FHA|USDA|VA) 15 $1,345,000 $89,667 $0 0.00%
    OWENSBORO, KY (FHA|USDA|VA) 3 $695,000 $231,667 $0 0.00%
    Frankfort, KY (FHA|USDA|VA) 3 $565,000 $188,333 $0 0.00%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 4 $360,000 $90,000 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Limestone Bank's top markets include Louisville, Lexington, North Port, Glasgow, and Campbellsville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 153 $40,885,000 $267,222 $0 0.00%

    For 2019, Limestone Bank's most frequently originated type of loan was Conventional, with 153 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 99 $21,005,000 $212,172 $0 0.00%
    Refi 42 $18,180,000 $432,857 $0 0.00%
    Other 7 $1,505,000 $215,000 $0 0.00%
    Home Improvement 5 $195,000 $39,000 $0 0.00%

    For 2019, Limestone Bank's most frequently cited loan purpose was Home Purchase, with 99 originations. The 2nd most popular reason was Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 153 $40,885,000 $267,222 $0 0.00%

    For 2019, Limestone Bank's most frequently cited loan duration was Other, with 153 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 68 $3,720,000 $54,706 $0 0.00%
    $100k-200k 46 $6,630,000 $144,130 $0 0.00%
    $200k-400k 26 $7,200,000 $276,923 $0 0.00%
    $1MM+ 5 $18,455,000 $3,691,000 $0 0.00%
    $400k-600k 4 $2,050,000 $512,500 $0 0.00%
    $600k-1MM 4 $2,830,000 $707,500 $0 0.00%

    2019 saw Limestone Bank place emphasis on $100,000 or less loans with 68 originations, totaling $3,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 38 $2,910,000 $76,579 $0 0.00%
    $50k-75k 29 $2,895,000 $99,828 $0 0.00%
    $100k-150k 23 $2,985,000 $129,783 $0 0.00%
    $250k+ 16 $5,230,000 $326,875 $0 0.00%
    $75k-100k 16 $2,850,000 $178,125 $0 0.00%
    $150k-250k 7 $1,915,000 $273,571 $0 0.00%

    Limestone Bank lent most frequently to those with incomes in the $50k or less range, with 38 originations. The second most popular income band? $50k-75k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 153 $40,885,000 $267,222 $0 0.00%

    Limestone Bank lent most frequently to those with DTI ratios of Exempt%, with 153 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 23 $22,045,000 $958,478 $0 0.00%
    White 118 $17,320,000 $146,780 $0 0.00%
    Black 11 $1,475,000 $134,091 $0 0.00%
    Not provided 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.37%

    Limestone Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.47%

    Limestone Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 153 $40,885,000 $267,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $15,925,000 $2,275,000
    Single Family (1-4 Units):Manufactured 6 $210,000 $35,000
    Single Family (1-4 Units):Site-Built 140 $24,750,000 $176,786

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Limestone Bank, Inc. 1006 West Main Street Glasgow, KY 42141 Full Service B&M $49,611
    Limestone Bank, Inc. 112 West G L Smith Street Morgantown, KY 42261 Full Service B&M $41,835
    Limestone Bank, Inc. 113 East Main Cross Street Brownsville, KY 42210 Full Service B&M $39,599
    Limestone Bank, Inc. 1300 North Main Street Beaver Dam, KY 42320 Full Service B&M $81,480
    Limestone Bank, Inc. 155 Conestoga Parkway Shepherdsville, KY 40165 Full Service B&M $65,229
    Limestone Bank, Inc. 1819 Frederica Street Owensboro, KY 42301 Full Service B&M $36,316
    Limestone Bank, Inc. 201 East Main Street Horse Cave, KY 42749 Full Service B&M $9,549
    Limestone Bank, Inc. 202 North Main Street Greensburg, KY 42743 Full Service B&M $64,845
    Limestone Bank, Inc. 2424 Harrodsburg Road, Suite 100 Lexington, KY 40503 Full Service B&M $68,917
    Limestone Bank, Inc. 2500 Eastpoint Parkway Louisville, KY 40223 Full Service Cyber Office $27,417
    Limestone Bank, Inc. 2500 Eastpoint Parkway Louisville, KY 40223 Full Service B&M $181,450
    Limestone Bank, Inc. 5440 Castle Highway Pleasureville, KY 40057 Full Service B&M $88,911
    Limestone Bank, Inc. 646 Elm Street Eminence, KY 40019 Full Service B&M $8,643
    Limestone Bank, Inc. 6980 North Preston Highway Louisville, KY 40229 Full Service B&M $82,428
    Limestone Bank, Inc. 751 Campbell Lane Bowling Green, KY 42104 Full Service B&M $30,640
    Limestone Bank, Inc. 949 South Dixie Highway Munfordville, KY 42765 Full Service B&M $65,441

    For 2019, Limestone Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $49,584
    Net interest income $37,034
    Total noninterest income $5,662
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,381
    Trading account gains and fees $0
    Additional Noninterest Income $3,281
    Pre-tax net operating income $13,847
    Securities gains (or losses, -) $-5
    Income before extraordinary items $11,365
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,365
    Minority interest net income $0
    Net income $11,365
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,369

    Limestone Bank's gross interest income from loans was $49,584,000.
    Limestone Bank's net interest income from loans was $37,034,000.
    Limestone Bank's fee based income from loans was $2,381,000.
    Limestone Bank's net income from loans was $11,365,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,550
    Provision for credit losses $0
    Total noninterest expense $28,849
    Salaries and employee benefits $15,538
    Premises and equipment expense $3,516
    Additional noninterest expense $9,795
    Applicable income taxes $2,477
    Net charge-offs $504
    Cash dividends $0

    Limestone Bank's interest expense for loans was $12,550,000.
    Limestone Bank's payroll and benefits expense were $15,538,000.
    Limestone Bank's property, plant and equipment expenses $3,516,000.

    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 $1,031,656
    Deposits held in domestic offices $1,031,656
    Deposits by Individuals, partnerships, and corporations $987,684
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $43,972
    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 $333,598
    Demand deposits $333,598
    Nontransaction accounts $698,058
    Money market deposit accounts (MMDAs) $165,509
    Other savings deposits (excluding MMDAs) $56,015
    Total time deposits $476,534
    Total time and savings deposits $698,058
    Noninterest-bearing deposits $187,560
    Interest-bearing deposits $844,096
    Retail deposits $1,001,976
    IRAs and Keogh plan accounts $44,853
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,239,472
    Cash & Balances due from depository institutions $29,995
    Interest-bearing balances $21,842
    Total securities $209,000
    Federal funds sold & reverse repurchase $120
    Net loans and leases $917,895
    Loan and leases loss allowance $8,376
    Trading account assets $0
    Bank premises and fixed assets $20,321
    Other real estate owned $3,225
    Goodwill and other intangibles $8,752
    All other assets $50,164

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,239,472
    Total Liabilities $1,101,151
    Total deposits $1,031,656
    Interest-bearing deposits $844,096
    Deposits held in domestic offices $1,031,656
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $61,389
    Subordinated debt $0
    All other liabilities $8,106

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $917,895
    Loan and leases loss allowance $8,376
    Total loans and leases (domestic) $926,271
    All real estate loans $697,067
    Real estate loans in domestic offices $697,067
    Construction and development loans $64,911
    Residential 1-4 family construction $15,002
    Other construction, all land development and other land $49,909
    Loans secured by nonfarm nonresidential properties $255,459
    Nonfarm nonresidential secured by owner-occupied properties $85,700
    Commercial real estate & other non-farm, non-residential $169,759
    Multifamily residential real estate $70,950
    1-4 family residential loans $226,629
    Farmland loans $79,118
    Loans held in foreign offices $0
    Farm loans $35,064
    Commercial and industrial loans $145,551
    To non-U.S. addressees $0
    Loans to individuals $47,789
    Credit card loans $0
    Related Plans $760
    Consumer Auto Loans $3,486
    Other loans to individuals $43,543
    All other loans & leases $800
    Loans to foreign governments and official institutions $0
    Other loans $381
    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 $475
    Non 1-4 family restructured loans & leases $400
    Total loans and leases (foreign) $0

    Limestone Bank had $917,895,000 of loans outstanding in 2019. $697,067,000 of loans were in real estate loans. $64,911,000 of loans were in development loans. $70,950,000 of loans were in multifamily mortgage loans. $226,629,000 of loans were in 1-4 family mortgage loans. $35,064,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,486,000 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 280 $56,595 $202,125
    Nonfarm, nonresidential loans - <$100k 76 $2,926 $38,500
    Nonfarm, nonresidential loans - $100-250k 98 $10,825 $110,459
    Nonfarm, nonresidential loans - $250k-1MM 106 $42,844 $404,189
    Commercial & Industrial, US addressed loans - <$1MM 416 $27,707 $66,603
    Commercial & Industrial, US addressed loans - <$100k 315 $7,555 $23,984
    Commercial & Industrial, US addressed loans - $100-250k 52 $6,133 $117,942
    Commercial & Industrial, US addressed loans - $250k-1MM 49 $14,019 $286,102
    Farmland loans - <$1MM 370 $36,009 $97,322
    Farmland loans - <$100k 189 $7,027 $37,180
    Farmland loans - $100-250k 136 $15,948 $117,265
    Farmland loans - $250k-1MM 45 $13,034 $289,644
    Agriculture operations loans - <$1MM 335 $11,270 $33,642
    Agriculture operations loans - <$100k 293 $4,971 $16,966
    Agriculture operations loans - $100-250k 28 $3,227 $115,250
    Agriculture operations loans - $250k-1MM 14 $3,072 $219,429