Meade County Bank Mortgage Rates, Fees & Info

Brandenburg, KY

LEI: 549300GGXWS23NTTOB96

Tax ID: 61-1028560

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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, Ocala, Evansville, and Campbellsville among others. We have data for 7 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.

    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

    247

    Origination Dollar Volume (All Markets)

    $27,335,000

    Employee count

    42

    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) 172 $18,990,000 $110,407 $0 0.00%
    LOUISVILLE, KY (FHA|USDA|VA) 44 $4,780,000 $108,636 $0 0.00%
    Outside of Metro Areas 27 $3,035,000 $112,407 $0 0.00%
    OCALA, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Campbellsville, KY (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Meade County Bank's top markets include Elizabethtown, Louisville, Ocala, Evansville, and Campbellsville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 247 $27,335,000 $110,668 $0 0.00%

    For 2019, Meade County Bank's most frequently originated type of loan was Conventional, with 247 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 174 $20,190,000 $116,034 $0 0.00%
    Refi 57 $6,485,000 $113,772 $0 0.00%
    Home Improvement 10 $460,000 $46,000 $0 0.00%
    Other 6 $200,000 $33,333 $0 0.00%

    For 2019, Meade County Bank's most frequently cited loan purpose was Home Purchase, with 174 originations. The 2nd most popular reason was Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 247 $27,335,000 $110,668 $0 0.00%

    For 2019, Meade County Bank's most frequently cited loan duration was Other, with 247 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 135 $7,595,000 $56,259 $0 0.00%
    $100k-200k 74 $10,080,000 $136,216 $0 0.00%
    $200k-400k 36 $8,660,000 $240,556 $0 0.00%
    $400k-600k 2 $1,000,000 $500,000 $0 0.00%

    2019 saw Meade County Bank place emphasis on $100,000 or less loans with 135 originations, totaling $7,595,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 57 $5,875,000 $103,070 $0 0.00%
    $50k or less 55 $3,945,000 $71,727 $0 0.00%
    $75k-100k 42 $6,040,000 $143,810 $0 0.00%
    $100k-150k 41 $5,135,000 $125,244 $0 0.00%
    $150k-250k 11 $1,345,000 $122,273 $0 0.00%
    $250k+ 5 $945,000 $189,000 $0 0.00%

    Meade County Bank lent most frequently to those with incomes in the $50k-75k range, with 57 originations. The second most popular income band? $50k or less, with 55 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 247 $27,335,000 $110,668 $0 0.00%

    Meade County Bank lent most frequently to those with DTI ratios of Exempt%, with 247 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 212 $24,070,000 $113,538 $0 0.00%
    Not applicable 32 $3,040,000 $95,000 $0 0.00%
    Black 2 $140,000 $70,000 $0 0.00%
    American Indian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.63%

    Meade County Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.02%

    Meade County Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 247 $27,335,000 $110,668

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $740,000 $370,000
    Single Family (1-4 Units):Manufactured 51 $2,935,000 $57,549
    Single Family (1-4 Units):Site-Built 194 $23,660,000 $121,959

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Madison Management Services, LLC Conventional home mortgage Struggling to pay mortgage 2 40.0%
    Madison Management Services, LLC Conventional home mortgage Trouble during payment process 1 20.0%
    Madison Management Services, LLC Home equity loan or line of credit (HELOC) Trouble during payment process 1 20.0%
    Madison Management Services, LLC Other type of mortgage Problem with a credit reporting company's investigation into an existing problem 1 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Meade County Bank 104 North Dixie Muldraugh, KY 40155 Limited, Drive-thru $3,978
    Meade County Bank 2175 Bypass Road Brandenburg, KY 40108 Full Service B&M $142,057
    Meade County Bank 4800 Flaherty Road Vine Grove, KY 40175 Full Service B&M $10,517
    Meade County Bank By-Pass Road Brandenburg, KY 40108 Limited, Drive-thru $1,514

    For 2019, Meade County Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,259
    Net interest income $7,254
    Total noninterest income $824
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $581
    Trading account gains and fees $0
    Additional Noninterest Income $243
    Pre-tax net operating income $2,947
    Securities gains (or losses, -) $-1
    Income before extraordinary items $2,426
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,426
    Minority interest net income $0
    Net income $2,426
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,426

    Meade County Bank's gross interest income from loans was $9,259,000.
    Meade County Bank's net interest income from loans was $7,254,000.
    Meade County Bank's fee based income from loans was $581,000.
    Meade County Bank's net income from loans was $2,426,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,005
    Provision for credit losses $0
    Total noninterest expense $5,131
    Salaries and employee benefits $2,577
    Premises and equipment expense $1,118
    Additional noninterest expense $1,436
    Applicable income taxes $520
    Net charge-offs $11
    Cash dividends $1,200

    Meade County Bank's interest expense for loans was $2,005,000.
    Meade County Bank's payroll and benefits expense were $2,577,000.
    Meade County Bank's property, plant and equipment expenses $1,118,000.

    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 $163,044
    Deposits held in domestic offices $163,044
    Deposits by Individuals, partnerships, and corporations $159,948
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $3,092
    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 $62,214
    Demand deposits $44,406
    Nontransaction accounts $100,831
    Money market deposit accounts (MMDAs) $23,133
    Other savings deposits (excluding MMDAs) $20,113
    Total time deposits $57,584
    Total time and savings deposits $118,639
    Noninterest-bearing deposits $44,406
    Interest-bearing deposits $118,638
    Retail deposits $154,916
    IRAs and Keogh plan accounts $7,374
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $212,081
    Cash & Balances due from depository institutions $8,597
    Interest-bearing balances $4,897
    Total securities $34,123
    Federal funds sold & reverse repurchase $0
    Net loans and leases $162,411
    Loan and leases loss allowance $182
    Trading account assets $0
    Bank premises and fixed assets $2,664
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $4,286

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $212,081
    Total Liabilities $191,343
    Total deposits $163,044
    Interest-bearing deposits $118,638
    Deposits held in domestic offices $163,044
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $10,256
    Trading liabilities $0
    Other borrowed funds $17,153
    Subordinated debt $0
    All other liabilities $890

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $162,411
    Loan and leases loss allowance $182
    Total loans and leases (domestic) $162,593
    All real estate loans $150,070
    Real estate loans in domestic offices $150,070
    Construction and development loans $35,646
    Residential 1-4 family construction $9,682
    Other construction, all land development and other land $25,964
    Loans secured by nonfarm nonresidential properties $14,929
    Nonfarm nonresidential secured by owner-occupied properties $8,794
    Commercial real estate & other non-farm, non-residential $6,135
    Multifamily residential real estate $6,393
    1-4 family residential loans $83,189
    Farmland loans $9,913
    Loans held in foreign offices $0
    Farm loans $1,073
    Commercial and industrial loans $3,479
    To non-U.S. addressees $0
    Loans to individuals $6,917
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,396
    Other loans to individuals $3,521
    All other loans & leases $1,054
    Loans to foreign governments and official institutions $0
    Other loans $18
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $3,479
    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 $162,411,000 of loans outstanding in 2019. $150,070,000 of loans were in real estate loans. $35,646,000 of loans were in development loans. $6,393,000 of loans were in multifamily mortgage loans. $83,189,000 of loans were in 1-4 family mortgage loans. $1,073,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,396,000 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 69 $11,229 $162,739
    Nonfarm, nonresidential loans - <$100k 22 $899 $40,864
    Nonfarm, nonresidential loans - $100-250k 31 $3,820 $123,226
    Nonfarm, nonresidential loans - $250k-1MM 16 $6,510 $406,875
    Commercial & Industrial, US addressed loans - <$1MM 106 $3,479 $32,821
    Commercial & Industrial, US addressed loans - <$100k 92 $1,677 $18,228
    Commercial & Industrial, US addressed loans - $100-250k 13 $1,492 $114,769
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $310 $310,000
    Farmland loans - <$1MM 45 $5,720 $127,111
    Farmland loans - <$100k 20 $960 $48,000
    Farmland loans - $100-250k 17 $2,315 $136,176
    Farmland loans - $250k-1MM 8 $2,445 $305,625
    Agriculture operations loans - <$1MM 33 $1,073 $32,515
    Agriculture operations loans - <$100k 30 $830 $27,667
    Agriculture operations loans - $100-250k 3 $243 $81,000