Limestone Bank Mortgage Rates, Fees & Info

Louisville, KY

LEI: 549300FOE3Q0OTXTQ820

Tax ID: 75-3010758

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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

    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, Bowling Green, Lexington, Glasgow, and Owensboro among others. We have data for 10 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    103

    Origination Dollar Volume (All Markets)

    $39,465,000

    Employee count

    219

    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) 26 $20,300,000 $780,769 $0 0.00%
    BOWLING GREEN, KY (FHA|USDA|VA) 12 $8,510,000 $709,167 $0 0.00%
    Outside of Metro Areas 31 $4,085,000 $131,774 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 8 $1,740,000 $217,500 $0 0.00%
    Glasgow, KY (FHA|USDA|VA) 9 $1,505,000 $167,222 $0 0.00%
    OWENSBORO, KY (FHA|USDA|VA) 9 $1,245,000 $138,333 $0 0.00%
    Frankfort, KY (FHA|USDA|VA) 3 $1,075,000 $358,333 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $655,000 $655,000 $0 0.00%
    Campbellsville, KY (FHA|USDA|VA) 3 $305,000 $101,667 $0 0.00%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Limestone Bank's top markets include Louisville, Bowling Green, Lexington, Glasgow, and Owensboro 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 103 $39,465,000 $383,155 $0 0.00%

    For 2020, Limestone Bank's most frequently originated type of loan was Conventional, with 103 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 54 $23,060,000 $427,037 $0 0.00%
    Refi 46 $14,870,000 $323,261 $0 0.00%
    Other 2 $180,000 $90,000 $0 0.00%
    Home Improvement 1 $1,355,000 $1,355,000 $0 0.00%

    For 2020, Limestone Bank's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 103 $39,465,000 $383,155 $0 0.00%

    For 2020, Limestone Bank's most frequently cited loan duration was Other, with 103 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 35 $2,105,000 $60,143 $0 0.00%
    $100k-200k 30 $4,010,000 $133,667 $0 0.00%
    $200k-400k 17 $4,605,000 $270,882 $0 0.00%
    $400k-600k 10 $4,430,000 $443,000 $0 0.00%
    $1MM+ 8 $21,850,000 $2,731,250 $0 0.00%
    $600k-1MM 3 $2,465,000 $821,667 $0 0.00%

    2020 saw Limestone Bank place emphasis on $100,000 or less loans with 35 originations, totaling $2,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 27 $3,605,000 $133,519 $0 0.00%
    $50k or less 13 $1,005,000 $77,308 $0 0.00%
    $150k-250k 12 $2,710,000 $225,833 $0 0.00%
    $100k-150k 9 $1,055,000 $117,222 $0 0.00%
    $75k-100k 8 $920,000 $115,000 $0 0.00%
    $250k+ 6 $2,390,000 $398,333 $0 0.00%

    Limestone Bank lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $50k or less, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 103 $39,465,000 $383,155 $0 0.00%

    Limestone Bank lent most frequently to those with DTI ratios of Exempt%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 27 $27,735,000 $1,027,222 $0 0.00%
    White 70 $10,950,000 $156,429 $0 0.00%
    Black 5 $675,000 $135,000 $0 0.00%
    Not provided 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.04%

    Limestone Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    62.14%

    Limestone Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 103 $39,465,000 $383,155

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 20 $27,650,000 $1,382,500
    Single Family (1-4 Units):Manufactured 5 $255,000 $51,000
    Single Family (1-4 Units):Site-Built 78 $11,560,000 $148,205

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Lo Inc. DBA Reliance Mortgage Conventional home mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Limestone Bank, Inc. 100 Highway 676 Frankfort, KY 40601 Full Service B&M $30,064
    Limestone Bank, Inc. 1006 West Main Street Glasgow, KY 42141 Full Service B&M $46,107
    Limestone Bank, Inc. 112 West G L Smith Street Morgantown, KY 42261 Full Service B&M $43,362
    Limestone Bank, Inc. 113 East Main Cross Street Brownsville, KY 42210 Full Service B&M $36,872
    Limestone Bank, Inc. 130 West Main Street Lexington, KY 40507 Full Service B&M $16,908
    Limestone Bank, Inc. 1300 North Main Street Beaver Dam, KY 42320 Full Service B&M $81,846
    Limestone Bank, Inc. 155 Conestoga Parkway Shepherdsville, KY 40165 Full Service B&M $63,001
    Limestone Bank, Inc. 1690 Ring Road Avenue Elizabethtown, KY 42701 Full Service B&M $41,594
    Limestone Bank, Inc. 1819 Frederica Street Owensboro, KY 42301 Full Service B&M $24,351
    Limestone Bank, Inc. 201 East Main Street Horse Cave, KY 42749 Full Service B&M $11,983
    Limestone Bank, Inc. 202 North Main Street Greensburg, KY 42743 Full Service B&M $68,944
    Limestone Bank, Inc. 2424 Harrodsburg Road, Suite 100 Lexington, KY 40503 Full Service B&M $63,868
    Limestone Bank, Inc. 2500 Eastpoint Parkway Louisville, KY 40223 Full Service Cyber Office $22,342
    Limestone Bank, Inc. 2500 Eastpoint Parkway Louisville, KY 40223 Full Service B&M $255,825
    Limestone Bank, Inc. 3332 Villa Point Owensboro, KY 42303 Full Service B&M $17,719
    Limestone Bank, Inc. 3500 Frederica Street Owensboro, KY 42301 Full Service B&M $42,282
    Limestone Bank, Inc. 5440 Castle Highway Pleasureville, KY 40057 Full Service B&M $84,556
    Limestone Bank, Inc. 646 Elm Street Eminence, KY 40019 Full Service B&M $7,533
    Limestone Bank, Inc. 6980 North Preston Highway Louisville, KY 40229 Full Service B&M $73,273
    Limestone Bank, Inc. 751 Campbell Lane Bowling Green, KY 42104 Full Service B&M $25,323
    Limestone Bank, Inc. 949 South Dixie Highway Munfordville, KY 42765 Full Service B&M $70,387

    For 2020, Limestone Bank had 21 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $50,753
    Net interest income $42,549
    Total noninterest income $6,847
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,268
    Trading account gains and fees $0
    Additional Noninterest Income $4,579
    Pre-tax net operating income $13,919
    Securities gains (or losses, -) $-5
    Income before extraordinary items $11,475
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,475
    Minority interest net income $0
    Net income $11,475
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,479

    Limestone Bank's gross interest income from loans was $50,753,000.
    Limestone Bank's net interest income from loans was $42,549,000.
    Limestone Bank's fee based income from loans was $2,268,000.
    Limestone Bank's net income from loans was $11,475,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,204
    Provision for credit losses $4,400
    Total noninterest expense $31,077
    Salaries and employee benefits $17,011
    Premises and equipment expense $3,995
    Additional noninterest expense $10,071
    Applicable income taxes $2,439
    Net charge-offs $333
    Cash dividends $0

    Limestone Bank's interest expense for loans was $8,204,000.
    Limestone Bank's payroll and benefits expense were $17,011,000.
    Limestone Bank's property, plant and equipment expenses $3,995,000.

    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 $1,124,644
    Deposits held in domestic offices $1,124,644
    Deposits by Individuals, partnerships, and corporations $1,059,314
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $65,330
    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 $433,649
    Demand deposits $433,649
    Nontransaction accounts $690,995
    Money market deposit accounts (MMDAs) $180,820
    Other savings deposits (excluding MMDAs) $142,623
    Total time deposits $367,552
    Total time and savings deposits $690,995
    Noninterest-bearing deposits $243,024
    Interest-bearing deposits $881,620
    Retail deposits $1,105,955
    IRAs and Keogh plan accounts $39,096
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,305,170
    Cash & Balances due from depository institutions $67,659
    Interest-bearing balances $56,829
    Total securities $203,862
    Federal funds sold & reverse repurchase $34
    Net loans and leases $949,638
    Loan and leases loss allowance $12,443
    Trading account assets $0
    Bank premises and fixed assets $19,362
    Other real estate owned $1,765
    Goodwill and other intangibles $8,496
    All other assets $54,354

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,305,170
    Total Liabilities $1,154,610
    Total deposits $1,124,644
    Interest-bearing deposits $881,620
    Deposits held in domestic offices $1,124,644
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $20,623
    Subordinated debt $0
    All other liabilities $9,343

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $949,638
    Loan and leases loss allowance $12,443
    Total loans and leases (domestic) $962,081
    All real estate loans $679,717
    Real estate loans in domestic offices $679,717
    Construction and development loans $92,916
    Residential 1-4 family construction $16,128
    Other construction, all land development and other land $76,788
    Loans secured by nonfarm nonresidential properties $266,394
    Nonfarm nonresidential secured by owner-occupied properties $87,042
    Commercial real estate & other non-farm, non-residential $179,352
    Multifamily residential real estate $61,180
    1-4 family residential loans $188,955
    Farmland loans $70,272
    Loans held in foreign offices $0
    Farm loans $42,044
    Commercial and industrial loans $208,244
    To non-U.S. addressees $0
    Loans to individuals $31,430
    Credit card loans $0
    Related Plans $594
    Consumer Auto Loans $3,211
    Other loans to individuals $27,625
    All other loans & leases $646
    Loans to foreign governments and official institutions $0
    Other loans $273
    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 $407
    Non 1-4 family restructured loans & leases $374
    Total loans and leases (foreign) $0

    Limestone Bank had $949,638,000 of loans outstanding in 2020. $679,717,000 of loans were in real estate loans. $92,916,000 of loans were in development loans. $61,180,000 of loans were in multifamily mortgage loans. $188,955,000 of loans were in 1-4 family mortgage loans. $42,044,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,211,000 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 257 $51,421 $200,082
    Nonfarm, nonresidential loans - <$100k 66 $2,528 $38,303
    Nonfarm, nonresidential loans - $100-250k 89 $9,411 $105,742
    Nonfarm, nonresidential loans - $250k-1MM 102 $39,482 $387,078
    Commercial & Industrial, US addressed loans - <$1MM 674 $54,288 $80,546
    Commercial & Industrial, US addressed loans - <$100k 490 $10,238 $20,894
    Commercial & Industrial, US addressed loans - $100-250k 87 $9,543 $109,690
    Commercial & Industrial, US addressed loans - $250k-1MM 97 $34,507 $355,742
    Farmland loans - <$1MM 322 $28,516 $88,559
    Farmland loans - <$100k 163 $5,668 $34,773
    Farmland loans - $100-250k 118 $12,196 $103,356
    Farmland loans - $250k-1MM 41 $10,652 $259,805
    Agriculture operations loans - <$1MM 302 $9,635 $31,904
    Agriculture operations loans - <$100k 263 $4,360 $16,578
    Agriculture operations loans - $100-250k 26 $2,602 $100,077
    Agriculture operations loans - $250k-1MM 13 $2,673 $205,615