Bedford Loan & Deposit Bank Mortgage Rates, Fees & Info

Bedford, KY

LEI: 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

109

Origination Dollar Volume (All Markets)

$12,965,000

Employee count

27

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
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%
Bedford Loan & Deposit Bank's top markets include Louisville, Madison, 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 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 56 $8,480,000 $151,429 $0 0.00%
    Cash Out Refi 29 $3,405,000 $117,414 $0 0.00%
    Other 16 $720,000 $45,000 $0 0.00%
    Home Improvement 8 $360,000 $45,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 60 $3,340,000 $55,667 $0 0.00%
    $100k-200k 31 $4,375,000 $141,129 $0 0.00%
    $200k-400k 15 $3,655,000 $243,667 $0 0.00%
    $400k-600k 3 $1,595,000 $531,667 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 32 $3,240,000 $101,250 $0 0.00%
    $50k or less 30 $2,130,000 $71,000 $0 0.00%
    $75k-100k 20 $2,860,000 $143,000 $0 0.00%
    $100k-150k 14 $1,590,000 $113,571 $0 0.00%
    $150k-250k 8 $2,110,000 $263,750 $0 0.00%
    $250k+ 1 $465,000 $465,000 $0 0.00%

    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 applications
    93.28%

    Bedford Loan & Deposit Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.32%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    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