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 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
70Origination Dollar Volume (All Markets)
$5,660,000Employee 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 48 | $3,490,000 | $72,708 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 21 | $2,045,000 | $97,381 | $0 | 0.00% |
| Madison, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 70 | $5,660,000 | $80,857 | $0 | 0.00% |
For 2019, Bedford Loan & Deposit Bank's most frequently originated type of loan was Conventional, with 70 originations.
Loan Reason
For 2019, Bedford Loan & Deposit Bank's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 70 | $5,660,000 | $80,857 | $0 | 0.00% |
For 2019, Bedford Loan & Deposit Bank's most frequently cited loan duration was Other, with 70 originations.
Loan Sizing
2019 saw Bedford Loan & Deposit Bank place emphasis on $100,000 or less loans with 48 originations, totaling $2,230,000 in origination value.
Applicant Income
Bedford Loan & Deposit Bank lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $50k or less, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 70 | $5,660,000 | $80,857 | $0 | 0.00% |
Bedford Loan & Deposit Bank lent most frequently to those with DTI ratios of Exempt%, with 70 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 67 | $5,125,000 | $76,493 | $0 | 0.00% |
| Not applicable | 3 | $535,000 | $178,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications81.90%
Bedford Loan & Deposit Bank has a below average approval rate.
Pick Rate
Approvals leading to origination77.14%
Bedford Loan & Deposit Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 70 | $5,660,000 | $80,857 |
Occupancy Type Mix
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 | $25,151 |
| Bedford Loan & Deposit Bank | 45 Highway 42 East Bedford, KY 40006 | Full Service B&M | $36,966 |
| Bedford Loan & Deposit Bank | 973 Pendleton Road Pendleton, KY 40055 | Full Service B&M | $11,306 |
For 2019, Bedford Loan & Deposit Bank had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $3,972 |
| Net interest income | $3,431 |
| Total noninterest income | $717 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $357 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $360 |
| Pre-tax net operating income | $1,102 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $971 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $971 |
| Minority interest net income | $0 |
| Net income | $971 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $971 |
Bedford Loan & Deposit Bank's gross interest income from loans was $3,972,000.
Bedford Loan & Deposit Bank's net interest income from loans was $3,431,000.
Bedford Loan & Deposit Bank's fee based income from loans was $357,000.
Bedford Loan & Deposit Bank's net income from loans was $971,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $541 |
| Provision for credit losses | $66 |
| Total noninterest expense | $2,980 |
| Salaries and employee benefits | $1,565 |
| Premises and equipment expense | $329 |
| Additional noninterest expense | $1,086 |
| Applicable income taxes | $131 |
| Net charge-offs | $99 |
| Cash dividends | $550 |
Bedford Loan & Deposit Bank's interest expense for loans was $541,000.
Bedford Loan & Deposit Bank's payroll and benefits expense were $1,565,000.
Bedford Loan & Deposit Bank's property, plant and equipment expenses $329,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 2.0% |
| 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 | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 1.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $75,962 |
| Deposits held in domestic offices | $75,962 |
| Deposits by Individuals, partnerships, and corporations | $62,123 |
| Deposits by U.S. Government | $46 |
| Deposits by States and political subdivisions in the U.S. | $13,793 |
| 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 | $36,433 |
| Demand deposits | $19,634 |
| Nontransaction accounts | $39,529 |
| Money market deposit accounts (MMDAs) | $6,309 |
| Other savings deposits (excluding MMDAs) | $11,800 |
| Total time deposits | $21,420 |
| Total time and savings deposits | $56,328 |
| Noninterest-bearing deposits | $19,634 |
| Interest-bearing deposits | $56,328 |
| Retail deposits | $74,131 |
| IRAs and Keogh plan accounts | $5,423 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $95,873 |
| Cash & Balances due from depository institutions | $2,069 |
| Interest-bearing balances | $53 |
| Total securities | $30,574 |
| Federal funds sold & reverse repurchase | $5,326 |
| Net loans and leases | $53,503 |
| Loan and leases loss allowance | $857 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,786 |
| Other real estate owned | $430 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,185 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $95,873 |
| Total Liabilities | $82,217 |
| Total deposits | $75,962 |
| Interest-bearing deposits | $56,328 |
| Deposits held in domestic offices | $75,962 |
| % insured (estimated) | $87 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $5,867 |
| Subordinated debt | $0 |
| All other liabilities | $388 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $53,503 |
| Loan and leases loss allowance | $857 |
| Total loans and leases (domestic) | $54,360 |
| All real estate loans | $44,476 |
| Real estate loans in domestic offices | $44,476 |
| Construction and development loans | $5,172 |
| Residential 1-4 family construction | $2,625 |
| Other construction, all land development and other land | $2,547 |
| Loans secured by nonfarm nonresidential properties | $2,755 |
| Nonfarm nonresidential secured by owner-occupied properties | $1,385 |
| Commercial real estate & other non-farm, non-residential | $1,370 |
| Multifamily residential real estate | $430 |
| 1-4 family residential loans | $30,382 |
| Farmland loans | $5,737 |
| Loans held in foreign offices | $0 |
| Farm loans | $637 |
| Commercial and industrial loans | $518 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $8,693 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $2,274 |
| Other loans to individuals | $6,419 |
| All other loans & leases | $83 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $83 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $132 |
| 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 |
Bedford Loan & Deposit Bank had $53,503,000 of loans outstanding in 2019. $44,476,000 of loans were in real estate loans. $5,172,000 of loans were in development loans. $430,000 of loans were in multifamily mortgage loans. $30,382,000 of loans were in 1-4 family mortgage loans. $637,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,274,000 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 | 42 | $2,755 | $65,595 |
| Nonfarm, nonresidential loans - <$100k | 42 | $2,755 | $65,595 |
| Commercial & Industrial, US addressed loans - <$1MM | 18 | $518 | $28,778 |
| Commercial & Industrial, US addressed loans - <$100k | 18 | $518 | $28,778 |
| Farmland loans - <$1MM | 41 | $4,272 | $104,195 |
| Farmland loans - <$100k | 17 | $578 | $34,000 |
| Farmland loans - $100-250k | 19 | $2,429 | $127,842 |
| Farmland loans - $250k-1MM | 5 | $1,265 | $253,000 |
| Agriculture operations loans - <$1MM | 48 | $637 | $13,271 |
| Agriculture operations loans - <$100k | 48 | $637 | $13,271 |