Meade County Bank Mortgage Rates, Fees & Info

Brandenburg, KY

LEI: 549300GGXWS23NTTOB96

Tax ID: 61-1028560

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

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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

    Meade County Bank is a smaller bank specializing in Home Purchase and Refi loans. Meade County Bank has a high proportion of conventional loans. Their top markets by origination volume include: Elizabethtown, Louisville, Lexington, and Bowling Green among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Meade County 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. Meade County 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.

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    Originations

    214

    Origination Dollar Volume (All Markets)

    $24,330,000

    Employee count

    40

    Awards

    Meade County Bank 30 Year Conventional Loans gold
    Show all (1) 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
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 143 $16,545,000 $115,699 $824 5.62%
    LOUISVILLE, KY (FHA|USDA|VA) 50 $6,540,000 $130,800 $985 5.82%
    Outside of Metro Areas 19 $1,075,000 $56,579 $810 5.95%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $95,000 $95,000 $645 4.95%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $75,000 $75,000 $1,298 6.45%
    Meade County Bank's top markets include Elizabethtown, Louisville, Lexington, and Bowling Green among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 214 $24,330,000 $113,692 $861 5.70%

    For 2018, Meade County Bank's most frequently originated type of loan was Conventional, with 214 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 141 $17,645,000 $125,142 $868 5.68%
    Refi 52 $5,690,000 $109,423 $875 5.66%
    Home Improvement 12 $610,000 $50,833 $942 5.84%
    Other 9 $385,000 $42,778 $701 6.06%

    For 2018, Meade County Bank's most frequently cited loan purpose was Home Purchase, with 141 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 64 $5,870,000 $91,719 $1,343 5.90%
    20 Year 47 $7,105,000 $151,170 $823 5.28%
    15 Year 37 $2,355,000 $63,649 $964 6.01%
    Other 31 $3,345,000 $107,903 $853 5.71%
    30 Year 14 $4,570,000 $326,429 $695 4.81%
    10 Year 14 $860,000 $61,429 $656 5.96%
    5 Year 4 $90,000 $22,500 $669 5.78%
    3 Year 3 $135,000 $45,000 $793 6.57%

    For 2018, Meade County Bank's most frequently cited loan duration was 1 Year, with 64 originations. The 2nd most popular length was 20 Year, with 47 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 106 $12,870,000 $121,415
    $1k-2k 8 $1,150,000 $143,750

    Meade County Bank's average total fees were $695, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 106 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 105 $10,045,000 $95,667
    4-5% 52 $10,300,000 $198,077
    6-7% 44 $3,520,000 $80,000
    7-8% 9 $325,000 $36,111
    Over 8% 3 $95,000 $31,667
    3-4% 1 $45,000 $45,000

    During 2018, Meade County Bank's average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 5-6%, with 105 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 137 $8,045,000 $58,723 $886 5.94%
    $100k-200k 56 $7,840,000 $140,000 $818 5.37%
    $200k-400k 15 $4,275,000 $285,000 $907 5.01%
    $400k-600k 3 $1,535,000 $511,667 $693 5.13%
    $600k-1MM 3 $2,635,000 $878,333 $580 4.87%

    2018 saw Meade County Bank place emphasis on $100,000 or less loans with 137 originations, totaling $8,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 52 $3,850,000 $74,038 $844 5.89%
    $50k-75k 45 $4,275,000 $95,000 $946 5.75%
    $100k-150k 36 $5,280,000 $146,667 $879 5.63%
    $75k-100k 26 $3,100,000 $119,231 $718 5.48%
    $150k-250k 10 $1,210,000 $121,000 $941 5.51%
    $250k+ 8 $1,440,000 $180,000 $580 5.38%

    Meade County Bank lent most frequently to those with incomes in the $50k or less range, with 52 originations. The second most popular income band? $50k-75k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 32 $4,230,000 $132,188 $1,034 5.54%
    30-36% 23 $2,545,000 $110,652 $700 5.67%
    <20% 17 $1,435,000 $84,412 $837 5.82%
    >60% 16 $2,080,000 $130,000 $1,085 5.91%
    50-60% 7 $1,145,000 $163,571 $860 5.18%
    39% 5 $605,000 $121,000 $786 5.50%
    40% 5 $725,000 $145,000 $803 5.28%
    43% 4 $410,000 $102,500 $866 6.03%
    38% 4 $470,000 $117,500 $930 5.58%
    49% 4 $650,000 $162,500 $702 4.95%
    42% 3 $365,000 $121,667 $648 4.93%
    37% 3 $375,000 $125,000 $865 6.15%
    41% 3 $405,000 $135,000 $1,130 5.18%
    45% 3 $395,000 $131,667 $598 4.87%
    47% 2 $180,000 $90,000 $602 5.18%
    36% 1 $235,000 $235,000 $1,350 5.55%
    44% 1 $75,000 $75,000 $625 5.55%
    46% 1 $425,000 $425,000 $420 4.95%
    48% 1 $225,000 $225,000 $615 4.95%

    Meade County Bank lent most frequently to those with DTI ratios of 20-30%, with 32 originations. The next most common DTI ratio? 30-36%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 176 $19,330,000 $109,830 $861 5.70%
    Not applicable 33 $4,615,000 $139,848 $0 5.69%
    American Indian 2 $160,000 $80,000 $0 5.85%
    Not provided 1 $105,000 $105,000 $730 4.95%
    Asian 1 $75,000 $75,000 $1,298 6.45%
    Black 1 $45,000 $45,000 $555 4.95%

    Approval Rates

    Total approvals of all applications
    84.33%

    Meade County Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.78%

    Meade County Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 214 $24,330,000 $113,692

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $2,555,000 $511,000
    Single Family (1-4 Units):Manufactured 43 $2,615,000 $60,814
    Single Family (1-4 Units):Site-Built 166 $19,160,000 $115,422

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $865,000 $45,526 $786 5.80%
    40-60% 29 $3,755,000 $129,483 $697 5.48%
    60-80% 45 $6,935,000 $154,111 $807 5.67%
    80-100% 106 $11,890,000 $112,170 $1,018 5.73%
    Over 100% 7 $675,000 $96,429 $937 5.89%
    Under 20% 8 $210,000 $26,250 $679 5.74%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Madison Management Services, LLC Conventional home mortgage Trouble during payment process 1 33.3%
    Madison Management Services, LLC Home equity loan or line of credit (HELOC) Trouble during payment process 1 33.3%
    Madison Management Services, LLC Other type of mortgage Trouble during payment process 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Meade County Bank 104 North Dixie Muldraugh, KY 40155 Limited, Drive-thru $4,230
    Meade County Bank 2175 Bypass Road Brandenburg, KY 40108 Full Service B&M $128,287
    Meade County Bank 4800 Flaherty Road Vine Grove, KY 40175 Full Service B&M $7,326
    Meade County Bank By-Pass Road Brandenburg, KY 40108 Limited, Drive-thru $0

    For 2018, Meade County Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,850
    Net interest income $6,542
    Total noninterest income $910
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $555
    Trading account gains and fees $0
    Additional Noninterest Income $355
    Pre-tax net operating income $2,616
    Securities gains (or losses, -) $-8
    Income before extraordinary items $2,209
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,209
    Minority interest net income $0
    Net income $2,209
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,215

    Meade County Bank's gross interest income from loans was $7,850,000.
    Meade County Bank's net interest income from loans was $6,542,000.
    Meade County Bank's fee based income from loans was $555,000.
    Meade County Bank's net income from loans was $2,209,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,308
    Provision for credit losses $0
    Total noninterest expense $4,836
    Salaries and employee benefits $2,516
    Premises and equipment expense $865
    Additional noninterest expense $1,455
    Applicable income taxes $399
    Net charge-offs $19
    Cash dividends $1,200

    Meade County Bank's interest expense for loans was $1,308,000.
    Meade County Bank's payroll and benefits expense were $2,516,000.
    Meade County Bank's property, plant and equipment expenses $865,000.

    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 $149,133
    Deposits held in domestic offices $149,133
    Deposits by Individuals, partnerships, and corporations $145,525
    Deposits by U.S. Government $8
    Deposits by States and political subdivisions in the U.S. $3,596
    Deposits by Commercial banks and other depository institutions in U.S. $4
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $64,181
    Demand deposits $40,363
    Nontransaction accounts $84,952
    Money market deposit accounts (MMDAs) $20,787
    Other savings deposits (excluding MMDAs) $18,006
    Total time deposits $46,159
    Total time and savings deposits $108,770
    Noninterest-bearing deposits $40,363
    Interest-bearing deposits $108,770
    Retail deposits $143,573
    IRAs and Keogh plan accounts $7,283
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $200,584
    Cash & Balances due from depository institutions $7,277
    Interest-bearing balances $3,610
    Total securities $36,437
    Federal funds sold & reverse repurchase $10,200
    Net loans and leases $139,645
    Loan and leases loss allowance $193
    Trading account assets $0
    Bank premises and fixed assets $2,676
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $4,349

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $200,584
    Total Liabilities $181,760
    Total deposits $149,133
    Interest-bearing deposits $108,770
    Deposits held in domestic offices $149,133
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $10,052
    Trading liabilities $0
    Other borrowed funds $21,632
    Subordinated debt $0
    All other liabilities $943

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $139,645
    Loan and leases loss allowance $193
    Total loans and leases (domestic) $139,838
    All real estate loans $128,133
    Real estate loans in domestic offices $128,133
    Construction and development loans $31,478
    Residential 1-4 family construction $7,483
    Other construction, all land development and other land $23,995
    Loans secured by nonfarm nonresidential properties $10,588
    Nonfarm nonresidential secured by owner-occupied properties $5,140
    Commercial real estate & other non-farm, non-residential $5,448
    Multifamily residential real estate $5,934
    1-4 family residential loans $75,185
    Farmland loans $4,948
    Loans held in foreign offices $0
    Farm loans $1,114
    Commercial and industrial loans $3,040
    To non-U.S. addressees $0
    Loans to individuals $6,235
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,947
    Other loans to individuals $3,288
    All other loans & leases $1,316
    Loans to foreign governments and official institutions $0
    Other loans $82
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $3,040
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Meade County Bank had $139,645,000 of loans outstanding in 2018. $128,133,000 of loans were in real estate loans. $31,478,000 of loans were in development loans. $5,934,000 of loans were in multifamily mortgage loans. $75,185,000 of loans were in 1-4 family mortgage loans. $1,114,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,947,000 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 60 $9,932 $165,533
    Nonfarm, nonresidential loans - <$100k 19 $747 $39,316
    Nonfarm, nonresidential loans - $100-250k 29 $3,846 $132,621
    Nonfarm, nonresidential loans - $250k-1MM 12 $5,339 $444,917
    Commercial & Industrial, US addressed loans - <$1MM 81 $3,040 $37,531
    Commercial & Industrial, US addressed loans - <$100k 63 $1,146 $18,190
    Commercial & Industrial, US addressed loans - $100-250k 16 $1,477 $92,313
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $417 $208,500
    Farmland loans - <$1MM 31 $3,151 $101,645
    Farmland loans - <$100k 15 $724 $48,267
    Farmland loans - $100-250k 14 $1,842 $131,571
    Farmland loans - $250k-1MM 2 $585 $292,500
    Agriculture operations loans - <$1MM 34 $1,114 $32,765
    Agriculture operations loans - <$100k 30 $709 $23,633
    Agriculture operations loans - $100-250k 4 $405 $101,250