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 markets by origination volume include: Louisville, Madison, and Frankfort among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)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
109Origination Dollar Volume (All Markets)
$12,965,000Employee count
27Top 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) | 42 | $6,350,000 | $151,190 | $0 | 0.00% |
| Outside of Metro Areas | 65 | $6,305,000 | $97,000 | $0 | 0.00% |
| Madison, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 109 | $12,965,000 | $118,945 | $0 | 0.00% |
For 2021, Bedford Loan & Deposit Bank's most frequently originated type of loan was Conventional, with 109 originations.
Loan Reason
For 2021, Bedford Loan & Deposit Bank's most frequently cited loan purpose was Home Purchase, with 56 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 | 109 | $12,965,000 | $118,945 | $0 | 0.00% |
For 2021, Bedford Loan & Deposit Bank's most frequently cited loan duration was Other, with 109 originations.
Loan Sizing
2021 saw Bedford Loan & Deposit Bank place emphasis on $100,000 or less loans with 60 originations, totaling $3,340,000 in origination value.
Applicant Income
Bedford Loan & Deposit Bank lent most frequently to those with incomes in the $50k-75k range, with 32 originations. The second most popular income band? $50k or less, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 109 | $12,965,000 | $118,945 | $0 | 0.00% |
Bedford Loan & Deposit Bank lent most frequently to those with DTI ratios of Exempt%, with 109 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 107 | $12,665,000 | $118,364 | $0 | 0.00% |
| Not applicable | 2 | $300,000 | $150,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.28%
Bedford Loan & Deposit Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.32%
Bedford Loan & Deposit Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 109 | $12,965,000 | $118,945 |
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 | $33,637 |
| Bedford Loan & Deposit Bank | 45 Highway 42 East Bedford, KY 40006 | Full Service B&M | $47,730 |
| Bedford Loan & Deposit Bank | 973 Pendleton Road Pendleton, KY 40055 | Full Service B&M | $15,699 |
For 2021, Bedford Loan & Deposit Bank had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $4,511 |
| Net interest income | $4,210 |
| Total noninterest income | $568 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $240 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $328 |
| Pre-tax net operating income | $1,643 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $1,313 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,313 |
| Minority interest net income | $0 |
| Net income | $1,313 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,313 |
Bedford Loan & Deposit Bank's gross interest income from loans was $4,511,000.
Bedford Loan & Deposit Bank's net interest income from loans was $4,210,000.
Bedford Loan & Deposit Bank's fee based income from loans was $240,000.
Bedford Loan & Deposit Bank's net income from loans was $1,313,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $301 |
| Provision for credit losses | $49 |
| Total noninterest expense | $3,086 |
| Salaries and employee benefits | $1,576 |
| Premises and equipment expense | $358 |
| Additional noninterest expense | $1,152 |
| Applicable income taxes | $330 |
| Net charge-offs | $76 |
| Cash dividends | $299 |
Bedford Loan & Deposit Bank's interest expense for loans was $301,000.
Bedford Loan & Deposit Bank's payroll and benefits expense were $1,576,000.
Bedford Loan & Deposit Bank's property, plant and equipment expenses $358,000.
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 | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 2.0% |
| HELOC loans | 0.0% |
| All other family | 2.0% |
| 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 | $103,381 |
| Deposits held in domestic offices | $103,381 |
| Deposits by Individuals, partnerships, and corporations | $82,945 |
| Deposits by U.S. Government | $61 |
| Deposits by States and political subdivisions in the U.S. | $20,375 |
| 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 | $57,057 |
| Demand deposits | $31,589 |
| Nontransaction accounts | $46,324 |
| Money market deposit accounts (MMDAs) | $8,689 |
| Other savings deposits (excluding MMDAs) | $17,594 |
| Total time deposits | $20,041 |
| Total time and savings deposits | $71,792 |
| Noninterest-bearing deposits | $31,589 |
| Interest-bearing deposits | $71,792 |
| Retail deposits | $100,651 |
| IRAs and Keogh plan accounts | $4,890 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $119,974 |
| Cash & Balances due from depository institutions | $6,041 |
| Interest-bearing balances | $4,074 |
| Total securities | $36,041 |
| Federal funds sold & reverse repurchase | $8,428 |
| Net loans and leases | $65,456 |
| Loan and leases loss allowance | $909 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,739 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,269 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $119,974 |
| Total Liabilities | $105,077 |
| Total deposits | $103,381 |
| Interest-bearing deposits | $71,792 |
| Deposits held in domestic offices | $103,381 |
| % insured (estimated) | $81 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,465 |
| Subordinated debt | $0 |
| All other liabilities | $231 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $65,456 |
| Loan and leases loss allowance | $909 |
| Total loans and leases (domestic) | $66,365 |
| All real estate loans | $57,437 |
| Real estate loans in domestic offices | $57,437 |
| Construction and development loans | $7,985 |
| Residential 1-4 family construction | $6,495 |
| Other construction, all land development and other land | $1,490 |
| Loans secured by nonfarm nonresidential properties | $4,708 |
| Nonfarm nonresidential secured by owner-occupied properties | $2,949 |
| Commercial real estate & other non-farm, non-residential | $1,759 |
| Multifamily residential real estate | $897 |
| 1-4 family residential loans | $38,939 |
| Farmland loans | $4,908 |
| Loans held in foreign offices | $0 |
| Farm loans | $475 |
| Commercial and industrial loans | $1,468 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $6,838 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $2,836 |
| Other loans to individuals | $4,002 |
| All other loans & leases | $239 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $239 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $2 |
| 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 $65,456,000 of loans outstanding in 2021. $57,437,000 of loans were in real estate loans. $7,985,000 of loans were in development loans. $897,000 of loans were in multifamily mortgage loans. $38,939,000 of loans were in 1-4 family mortgage loans. $475,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,836,000 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 | 24 | $2,971 | $123,792 |
| Nonfarm, nonresidential loans - <$100k | 12 | $415 | $34,583 |
| Nonfarm, nonresidential loans - $100-250k | 7 | $1,123 | $160,429 |
| Nonfarm, nonresidential loans - $250k-1MM | 5 | $1,433 | $286,600 |
| Commercial & Industrial, US addressed loans - <$1MM | 164 | $1,468 | $8,951 |
| Commercial & Industrial, US addressed loans - <$100k | 163 | $1,166 | $7,153 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 1 | $302 | $302,000 |
| Farmland loans - <$1MM | 34 | $3,400 | $100,000 |
| Farmland loans - <$100k | 15 | $596 | $39,733 |
| Farmland loans - $100-250k | 13 | $1,648 | $126,769 |
| Farmland loans - $250k-1MM | 6 | $1,156 | $192,667 |
| Agriculture operations loans - <$1MM | 45 | $475 | $10,556 |
| Agriculture operations loans - <$100k | 45 | $475 | $10,556 |