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
93Origination Dollar Volume (All Markets)
$11,305,000Employee count
25Top 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 | 57 | $5,805,000 | $101,842 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 35 | $5,225,000 | $149,286 | $0 | 0.00% |
| Madison, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 93 | $11,305,000 | $121,559 | $0 | 0.00% |
For 2020, Bedford Loan & Deposit Bank's most frequently originated type of loan was Conventional, with 93 originations.
Loan Reason
For 2020, Bedford Loan & Deposit Bank's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 93 | $11,305,000 | $121,559 | $0 | 0.00% |
For 2020, Bedford Loan & Deposit Bank's most frequently cited loan duration was Other, with 93 originations.
Loan Sizing
2020 saw Bedford Loan & Deposit Bank place emphasis on $100,000 or less loans with 54 originations, totaling $2,880,000 in origination value.
Applicant Income
Bedford Loan & Deposit Bank lent most frequently to those with incomes in the $50k-75k range, with 25 originations. The second most popular income band? $50k or less, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 93 | $11,305,000 | $121,559 | $0 | 0.00% |
Bedford Loan & Deposit Bank lent most frequently to those with DTI ratios of Exempt%, with 93 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.75%
Bedford Loan & Deposit Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination72.04%
Bedford Loan & Deposit Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 93 | $11,305,000 | $121,559 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 28 | $1,950,000 | $69,643 |
| Single Family (1-4 Units):Site-Built | 65 | $9,355,000 | $143,923 |
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 | $28,273 |
| Bedford Loan & Deposit Bank | 45 Highway 42 East Bedford, KY 40006 | Full Service B&M | $40,270 |
| Bedford Loan & Deposit Bank | 973 Pendleton Road Pendleton, KY 40055 | Full Service B&M | $12,769 |
For 2020, 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 | $3,514 |
| Total noninterest income | $618 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $250 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $368 |
| Pre-tax net operating income | $973 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $852 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $852 |
| Minority interest net income | $0 |
| Net income | $852 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $852 |
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 $3,514,000.
Bedford Loan & Deposit Bank's fee based income from loans was $250,000.
Bedford Loan & Deposit Bank's net income from loans was $852,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $458 |
| Provision for credit losses | $96 |
| Total noninterest expense | $3,063 |
| Salaries and employee benefits | $1,596 |
| Premises and equipment expense | $331 |
| Additional noninterest expense | $1,136 |
| Applicable income taxes | $121 |
| Net charge-offs | $17 |
| Cash dividends | $635 |
Bedford Loan & Deposit Bank's interest expense for loans was $458,000.
Bedford Loan & Deposit Bank's payroll and benefits expense were $1,596,000.
Bedford Loan & Deposit Bank's property, plant and equipment expenses $331,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 1.0% |
| 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 | 1.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $87,822 |
| Deposits held in domestic offices | $87,822 |
| Deposits by Individuals, partnerships, and corporations | $71,034 |
| Deposits by U.S. Government | $46 |
| Deposits by States and political subdivisions in the U.S. | $16,742 |
| 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 | $45,839 |
| Demand deposits | $24,960 |
| Nontransaction accounts | $41,983 |
| Money market deposit accounts (MMDAs) | $6,737 |
| Other savings deposits (excluding MMDAs) | $14,351 |
| Total time deposits | $20,895 |
| Total time and savings deposits | $62,862 |
| Noninterest-bearing deposits | $24,960 |
| Interest-bearing deposits | $62,862 |
| Retail deposits | $85,625 |
| IRAs and Keogh plan accounts | $5,251 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $105,644 |
| Cash & Balances due from depository institutions | $6,096 |
| Interest-bearing balances | $4,052 |
| Total securities | $32,044 |
| Federal funds sold & reverse repurchase | $5,244 |
| Net loans and leases | $57,798 |
| Loan and leases loss allowance | $936 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,793 |
| Other real estate owned | $430 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,239 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $105,644 |
| Total Liabilities | $91,299 |
| Total deposits | $87,822 |
| Interest-bearing deposits | $62,862 |
| Deposits held in domestic offices | $87,822 |
| % insured (estimated) | $85 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $3,071 |
| Subordinated debt | $0 |
| All other liabilities | $406 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $57,798 |
| Loan and leases loss allowance | $936 |
| Total loans and leases (domestic) | $58,734 |
| All real estate loans | $51,654 |
| Real estate loans in domestic offices | $51,654 |
| Construction and development loans | $5,437 |
| Residential 1-4 family construction | $3,369 |
| Other construction, all land development and other land | $2,068 |
| Loans secured by nonfarm nonresidential properties | $4,964 |
| Nonfarm nonresidential secured by owner-occupied properties | $2,384 |
| Commercial real estate & other non-farm, non-residential | $2,580 |
| Multifamily residential real estate | $414 |
| 1-4 family residential loans | $35,542 |
| Farmland loans | $5,297 |
| Loans held in foreign offices | $0 |
| Farm loans | $678 |
| Commercial and industrial loans | $725 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $5,664 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $2,147 |
| Other loans to individuals | $3,517 |
| All other loans & leases | $124 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $124 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $200 |
| 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 $57,798,000 of loans outstanding in 2020. $51,654,000 of loans were in real estate loans. $5,437,000 of loans were in development loans. $414,000 of loans were in multifamily mortgage loans. $35,542,000 of loans were in 1-4 family mortgage loans. $678,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,147,000 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 | 25 | $2,587 | $103,480 |
| Nonfarm, nonresidential loans - <$100k | 14 | $449 | $32,071 |
| Nonfarm, nonresidential loans - $100-250k | 6 | $816 | $136,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 5 | $1,322 | $264,400 |
| Commercial & Industrial, US addressed loans - <$1MM | 31 | $725 | $23,387 |
| Commercial & Industrial, US addressed loans - <$100k | 30 | $407 | $13,567 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 1 | $318 | $318,000 |
| Farmland loans - <$1MM | 37 | $3,764 | $101,730 |
| Farmland loans - <$100k | 16 | $556 | $34,750 |
| Farmland loans - $100-250k | 15 | $1,843 | $122,867 |
| Farmland loans - $250k-1MM | 6 | $1,365 | $227,500 |
| Agriculture operations loans - <$1MM | 56 | $678 | $12,107 |
| Agriculture operations loans - <$100k | 56 | $678 | $12,107 |