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, Bowling Green, and Frankfort 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.

    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

    281

    Origination Dollar Volume (All Markets)

    $41,145,000

    Employee count

    46

    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) 192 $27,990,000 $145,781 $0 0.00%
    LOUISVILLE, KY (FHA|USDA|VA) 60 $9,510,000 $158,500 $0 0.00%
    Outside of Metro Areas 27 $3,075,000 $113,889 $0 0.00%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    Frankfort, KY (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Meade County Bank's top markets include Elizabethtown, Louisville, Bowling Green, and Frankfort among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 281 $41,145,000 $146,423 $0 0.00%

    For 2021, Meade County Bank's most frequently originated type of loan was Conventional, with 281 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 185 $29,265,000 $158,189 $0 0.00%
    Refi 66 $10,090,000 $152,879 $0 0.00%
    Home Improvement 26 $1,500,000 $57,692 $0 0.00%
    Other 4 $290,000 $72,500 $0 0.00%

    For 2021, Meade County Bank's most frequently cited loan purpose was Home Purchase, with 185 originations. The 2nd most popular reason was Refi, with 66 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 281 $41,145,000 $146,423 $0 0.00%

    For 2021, Meade County Bank's most frequently cited loan duration was Other, with 281 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 123 $17,305,000 $140,691 $0 0.00%
    $100,000 or less 103 $6,135,000 $59,563 $0 0.00%
    $200k-400k 48 $12,450,000 $259,375 $0 0.00%
    $600k-1MM 5 $3,665,000 $733,000 $0 0.00%
    $1MM+ 1 $1,065,000 $1,065,000 $0 0.00%
    $400k-600k 1 $525,000 $525,000 $0 0.00%

    2021 saw Meade County Bank place emphasis on $100k-200k loans with 123 originations, totaling $17,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 59 $5,685,000 $96,356 $0 0.00%
    $100k-150k 57 $9,675,000 $169,737 $0 0.00%
    $50k-75k 56 $7,600,000 $135,714 $0 0.00%
    $75k-100k 45 $6,865,000 $152,556 $0 0.00%
    $150k-250k 15 $2,945,000 $196,333 $0 0.00%
    $250k+ 7 $1,415,000 $202,143 $0 0.00%

    Meade County Bank lent most frequently to those with incomes in the $50k or less range, with 59 originations. The second most popular income band? $100k-150k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 281 $41,145,000 $146,423 $0 0.00%

    Meade County Bank lent most frequently to those with DTI ratios of Exempt%, with 281 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 234 $33,030,000 $141,154 $0 0.00%
    Not applicable 39 $6,575,000 $168,590 $0 0.00%
    Black 5 $915,000 $183,000 $0 0.00%
    Asian 1 $305,000 $305,000 $0 0.00%
    Native Hawaiian or Islander 1 $165,000 $165,000 $0 0.00%
    Not provided 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.80%

    Meade County Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.56%

    Meade County Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 281 $41,145,000 $146,423

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    281 $41,145,000 $146,423

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Madison Avenue Associates Conventional home mortgage Struggling to pay mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Meade County Bank 104 North Dixie Muldraugh, KY 40155 Limited, Drive-thru $5,005
    Meade County Bank 2175 Bypass Road Brandenburg, KY 40108 Full Service B&M $203,841
    Meade County Bank 4800 Flaherty Road Vine Grove, KY 40175 Full Service B&M $21,601
    Meade County Bank By-Pass Road Brandenburg, KY 40108 Limited, Drive-thru $2,748

    For 2021, Meade County Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,432
    Net interest income $9,181
    Total noninterest income $980
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $274
    Trading account gains and fees $0
    Additional Noninterest Income $706
    Pre-tax net operating income $4,615
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,527
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,527
    Minority interest net income $0
    Net income $3,527
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,527

    Meade County Bank's gross interest income from loans was $10,432,000.
    Meade County Bank's net interest income from loans was $9,181,000.
    Meade County Bank's fee based income from loans was $274,000.
    Meade County Bank's net income from loans was $3,527,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,251
    Provision for credit losses $0
    Total noninterest expense $5,546
    Salaries and employee benefits $3,027
    Premises and equipment expense $511
    Additional noninterest expense $2,008
    Applicable income taxes $1,088
    Net charge-offs $4
    Cash dividends $900

    Meade County Bank's interest expense for loans was $1,251,000.
    Meade County Bank's payroll and benefits expense were $3,027,000.
    Meade County Bank's property, plant and equipment expenses $511,000.

    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 $247,565
    Deposits held in domestic offices $247,565
    Deposits by Individuals, partnerships, and corporations $239,692
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $7,870
    Deposits by Commercial banks and other depository institutions in U.S. $3
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $107,194
    Demand deposits $77,800
    Nontransaction accounts $140,371
    Money market deposit accounts (MMDAs) $45,768
    Other savings deposits (excluding MMDAs) $36,647
    Total time deposits $57,957
    Total time and savings deposits $169,765
    Noninterest-bearing deposits $77,800
    Interest-bearing deposits $169,765
    Retail deposits $240,355
    IRAs and Keogh plan accounts $9,271
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $288,987
    Cash & Balances due from depository institutions $21,725
    Interest-bearing balances $16,912
    Total securities $58,365
    Federal funds sold & reverse repurchase $0
    Net loans and leases $198,159
    Loan and leases loss allowance $623
    Trading account assets $0
    Bank premises and fixed assets $2,447
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $8,291

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $288,987
    Total Liabilities $260,271
    Total deposits $247,565
    Interest-bearing deposits $169,765
    Deposits held in domestic offices $247,565
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $11,957
    Subordinated debt $0
    All other liabilities $749

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $198,159
    Loan and leases loss allowance $623
    Total loans and leases (domestic) $198,782
    All real estate loans $181,744
    Real estate loans in domestic offices $181,744
    Construction and development loans $34,285
    Residential 1-4 family construction $14,377
    Other construction, all land development and other land $19,908
    Loans secured by nonfarm nonresidential properties $25,650
    Nonfarm nonresidential secured by owner-occupied properties $12,648
    Commercial real estate & other non-farm, non-residential $13,002
    Multifamily residential real estate $5,747
    1-4 family residential loans $103,959
    Farmland loans $12,103
    Loans held in foreign offices $0
    Farm loans $986
    Commercial and industrial loans $5,429
    To non-U.S. addressees $0
    Loans to individuals $9,540
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,332
    Other loans to individuals $4,208
    All other loans & leases $1,083
    Loans to foreign governments and official institutions $0
    Other loans $43
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,289
    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 $198,159,000 of loans outstanding in 2021. $181,744,000 of loans were in real estate loans. $34,285,000 of loans were in development loans. $5,747,000 of loans were in multifamily mortgage loans. $103,959,000 of loans were in 1-4 family mortgage loans. $986,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,332,000 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 91 $14,997 $164,802
    Nonfarm, nonresidential loans - <$100k 22 $777 $35,318
    Nonfarm, nonresidential loans - $100-250k 45 $5,420 $120,444
    Nonfarm, nonresidential loans - $250k-1MM 24 $8,800 $366,667
    Commercial & Industrial, US addressed loans - <$1MM 139 $5,428 $39,050
    Commercial & Industrial, US addressed loans - <$100k 122 $2,514 $20,607
    Commercial & Industrial, US addressed loans - $100-250k 12 $942 $78,500
    Commercial & Industrial, US addressed loans - $250k-1MM 5 $1,972 $394,400
    Farmland loans - <$1MM 45 $4,442 $98,711
    Farmland loans - <$100k 25 $1,189 $47,560
    Farmland loans - $100-250k 12 $1,264 $105,333
    Farmland loans - $250k-1MM 8 $1,989 $248,625
    Agriculture operations loans - <$1MM 32 $986 $30,813
    Agriculture operations loans - <$100k 30 $581 $19,367
    Agriculture operations loans - $100-250k 1 $109 $109,000
    Agriculture operations loans - $250k-1MM 1 $296 $296,000