Bedford Loan & Deposit Bank Mortgage Rates, Fees & Info
Bedford, KYLEI: 549300GXRG31CBWWTR70
Tax ID: 61-0130310
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Mortgage Data
Bank Data
Review & Overview
Bedford Loan & Deposit Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bedford Loan & Deposit Bank has a high proportion of conventional loans. Their top two markets are Louisville and Madison .Bedford Loan & Deposit Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
98Origination Dollar Volume (All Markets)
$10,220,000Employee count
28Top 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) | 35 | $5,235,000 | $149,571 | $0 | 0.00% |
| Outside of Metro Areas | 59 | $4,775,000 | $80,932 | $0 | 0.00% |
| Madison, IN (FHA|USDA|VA) | 4 | $210,000 | $52,500 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 98 | $10,220,000 | $104,286 | $0 | 0.00% |
For 2018, Bedford Loan & Deposit Bank's most frequently originated type of loan was Conventional, with 98 originations.
Loan Reason
For 2018, Bedford Loan & Deposit Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 98 | $10,220,000 | $104,286 | $0 | 0.00% |
For 2018, Bedford Loan & Deposit Bank's most frequently cited loan duration was Other, with 98 originations.
Loan Sizing
2018 saw Bedford Loan & Deposit Bank place emphasis on $100,000 or less loans with 61 originations, totaling $3,025,000 in origination value.
Applicant Income
Bedford Loan & Deposit Bank lent most frequently to those with incomes in the $50k or less range, with 29 originations. The second most popular income band? $50k-75k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 98 | $10,220,000 | $104,286 | $0 | 0.00% |
Bedford Loan & Deposit Bank lent most frequently to those with DTI ratios of Exempt%, with 98 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.74%
Bedford Loan & Deposit Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.73%
Bedford Loan & Deposit Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 98 | $10,220,000 | $104,286 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 31 | $1,665,000 | $53,710 |
| Single Family (1-4 Units):Site-Built | 67 | $8,555,000 | $127,687 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Bedford Loan & Deposit Bank | 1010 New Moody Lane Lagrange, KY 40031 | Full Service B&M | $25,930 |
| Bedford Loan & Deposit Bank | 45 Highway 42 East Bedford, KY 40006 | Full Service B&M | $35,973 |
| Bedford Loan & Deposit Bank | 973 Pendleton Road Pendleton, KY 40055 | Full Service B&M | $12,005 |
For 2018, Bedford Loan & Deposit Bank had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $3,789 |
| Net interest income | $3,318 |
| Total noninterest income | $687 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $361 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $326 |
| Pre-tax net operating income | $804 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $767 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $767 |
| Minority interest net income | $0 |
| Net income | $767 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $767 |
Bedford Loan & Deposit Bank's gross interest income from loans was $3,789,000.
Bedford Loan & Deposit Bank's net interest income from loans was $3,318,000.
Bedford Loan & Deposit Bank's fee based income from loans was $361,000.
Bedford Loan & Deposit Bank's net income from loans was $767,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $471 |
| Provision for credit losses | $29 |
| Total noninterest expense | $3,172 |
| Salaries and employee benefits | $1,628 |
| Premises and equipment expense | $353 |
| Additional noninterest expense | $1,191 |
| Applicable income taxes | $37 |
| Net charge-offs | $30 |
| Cash dividends | $170 |
Bedford Loan & Deposit Bank's interest expense for loans was $471,000.
Bedford Loan & Deposit Bank's payroll and benefits expense were $1,628,000.
Bedford Loan & Deposit Bank's property, plant and equipment expenses $353,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 2.0% |
| Real Estate loans | 2.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 3.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 0.0% |
| Other consumer loans | 2.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $74,565 |
| Deposits held in domestic offices | $74,565 |
| Deposits by Individuals, partnerships, and corporations | $60,541 |
| Deposits by U.S. Government | $51 |
| Deposits by States and political subdivisions in the U.S. | $13,973 |
| 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 | $35,199 |
| Demand deposits | $17,644 |
| Nontransaction accounts | $39,366 |
| Money market deposit accounts (MMDAs) | $5,439 |
| Other savings deposits (excluding MMDAs) | $11,511 |
| Total time deposits | $22,415 |
| Total time and savings deposits | $56,921 |
| Noninterest-bearing deposits | $17,644 |
| Interest-bearing deposits | $56,921 |
| Retail deposits | $72,388 |
| IRAs and Keogh plan accounts | $6,145 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $94,097 |
| Cash & Balances due from depository institutions | $1,941 |
| Interest-bearing balances | $116 |
| Total securities | $30,135 |
| Federal funds sold & reverse repurchase | $5,203 |
| Net loans and leases | $52,646 |
| Loan and leases loss allowance | $890 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,828 |
| Other real estate owned | $85 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,259 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $94,096 |
| Total Liabilities | $81,454 |
| Total deposits | $74,565 |
| Interest-bearing deposits | $56,921 |
| Deposits held in domestic offices | $74,565 |
| % insured (estimated) | $87 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $6,534 |
| Subordinated debt | $0 |
| All other liabilities | $355 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $52,646 |
| Loan and leases loss allowance | $890 |
| Total loans and leases (domestic) | $53,536 |
| All real estate loans | $43,471 |
| Real estate loans in domestic offices | $43,471 |
| Construction and development loans | $4,417 |
| Residential 1-4 family construction | $1,330 |
| Other construction, all land development and other land | $3,087 |
| Loans secured by nonfarm nonresidential properties | $2,182 |
| Nonfarm nonresidential secured by owner-occupied properties | $1,440 |
| Commercial real estate & other non-farm, non-residential | $742 |
| Multifamily residential real estate | $0 |
| 1-4 family residential loans | $30,557 |
| Farmland loans | $6,315 |
| Loans held in foreign offices | $0 |
| Farm loans | $704 |
| Commercial and industrial loans | $772 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $8,590 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,915 |
| Other loans to individuals | $6,675 |
| All other loans & leases | $74 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $74 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $309 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $4 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Bedford Loan & Deposit Bank had $52,646,000 of loans outstanding in 2018. $43,471,000 of loans were in real estate loans. $4,417,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $30,557,000 of loans were in 1-4 family mortgage loans. $704,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,915,000 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 | 81 | $2,182 | $26,938 |
| Nonfarm, nonresidential loans - <$100k | 81 | $2,182 | $26,938 |
| Commercial & Industrial, US addressed loans - <$1MM | 30 | $772 | $25,733 |
| Commercial & Industrial, US addressed loans - <$100k | 30 | $772 | $25,733 |
| Farmland loans - <$1MM | 44 | $5,014 | $113,955 |
| Farmland loans - <$100k | 20 | $1,229 | $61,450 |
| Farmland loans - $100-250k | 18 | $2,366 | $131,444 |
| Farmland loans - $250k-1MM | 6 | $1,419 | $236,500 |
| Agriculture operations loans - <$1MM | 52 | $704 | $13,538 |
| Agriculture operations loans - <$100k | 52 | $704 | $13,538 |