Jackson County Bank Mortgage Rates, Fees & Info

Seymour, IN

LEI: 549300HIDQ8IRRU12455

Tax ID: 35-0418300

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Mortgage Data

Bank Data

Review & Overview

Jackson County Bank is a smaller bank specializing in Home Purchase loans. Jackson County Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Seymour, Columbus, Indianapolis, Bloomington, and North Vernon among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Jackson County Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 3.56% 3/28/24
30 Year Conventional Purchase 7.18% 3/28/24
30 Year Conventional Refi 6.75% 3/28/24
30 Year Cash-out Refi 7.16% 3/28/24
30 Year USDA Purchase 7.51% 3/28/24
15 Year Conventional Purchase 6.19% 3/28/24
15 Year Conventional Refi 6.19% 3/28/24
15 Year Cash-out Refi 6.19% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Jackson County Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Jackson County Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

382

Origination Dollar Volume (All Markets)

$62,940,000

Employee count

136

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
Seymour, IN (FHA|USDA|VA) 123 $18,765,000 $152,561 $0 0.00%
COLUMBUS, IN (FHA|USDA|VA) 100 $17,310,000 $173,100 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 43 $8,385,000 $195,000 $0 0.00%
BLOOMINGTON, IN (FHA|USDA|VA) 24 $5,560,000 $231,667 $0 0.00%
North Vernon, IN (FHA|USDA|VA) 41 $5,315,000 $129,634 $0 0.00%
Bedford, IN (FHA|USDA|VA) 33 $4,525,000 $137,121 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 4 $950,000 $237,500 $0 0.00%
Outside of Metro Areas 6 $910,000 $151,667 $0 0.00%
Washington, IN (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Scottsburg, IN (FHA|USDA|VA) 3 $235,000 $78,333 $0 0.00%
Madison, IN (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Greensburg, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Jackson County Bank's top markets include Seymour, Columbus, Indianapolis, Bloomington, and North Vernon among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 364 $60,810,000 $167,060 $0 0.00%
    USDA 18 $2,130,000 $118,333 $0 0.00%

    For 2019, Jackson County Bank's most frequently originated type of loan was Conventional, with 364 originations. Their 2nd most popular type was USDA, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 221 $39,335,000 $177,986 $0 0.00%
    Cash Out Refi 70 $9,640,000 $137,714 $0 0.00%
    Refi 68 $12,060,000 $177,353 $0 0.00%
    Home Improvement 17 $1,655,000 $97,353 $0 0.00%
    Other 6 $250,000 $41,667 $0 0.00%

    For 2019, Jackson County Bank's most frequently cited loan purpose was Home Purchase, with 221 originations. The 2nd most popular reason was Cash Out Refi, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 382 $62,940,000 $164,764 $0 0.00%

    For 2019, Jackson County Bank's most frequently cited loan duration was Other, with 382 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 161 $23,075,000 $143,323 $0 0.00%
    $100,000 or less 111 $7,165,000 $64,550 $0 0.00%
    $200k-400k 94 $23,770,000 $252,872 $0 0.00%
    $400k-600k 10 $4,680,000 $468,000 $0 0.00%
    $600k-1MM 6 $4,250,000 $708,333 $0 0.00%

    2019 saw Jackson County Bank place emphasis on $100k-200k loans with 161 originations, totaling $23,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 96 $14,120,000 $147,083 $0 0.00%
    $50k or less 70 $7,680,000 $109,714 $0 0.00%
    $100k-150k 65 $12,695,000 $195,308 $0 0.00%
    $75k-100k 58 $10,140,000 $174,828 $0 0.00%
    $150k-250k 43 $9,475,000 $220,349 $0 0.00%
    $250k+ 10 $3,750,000 $375,000 $0 0.00%

    Jackson County Bank lent most frequently to those with incomes in the $50k-75k range, with 96 originations. The second most popular income band? $50k or less, with 70 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 382 $62,940,000 $164,764 $0 0.00%

    Jackson County Bank lent most frequently to those with DTI ratios of Exempt%, with 382 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 325 $54,325,000 $167,154 $0 0.00%
    Not applicable 34 $3,930,000 $115,588 $0 0.00%
    Not provided 14 $2,530,000 $180,714 $0 0.00%
    Native Hawaiian or Islander 3 $795,000 $265,000 $0 0.00%
    Asian 3 $665,000 $221,667 $0 0.00%
    Black 2 $440,000 $220,000 $0 0.00%
    Chinese 1 $255,000 $255,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.34%

    Jackson County Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.31%

    Jackson County Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 382 $62,940,000 $164,764

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $2,145,000 $715,000
    Single Family (1-4 Units):Manufactured 19 $1,825,000 $96,053
    Single Family (1-4 Units):Site-Built 360 $58,970,000 $163,806

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Jackson County Bank 2635 West 16th Street Bedford, IN 47421 Full Service B&M $43,889
    Jackson County Bank 108 West Commerce Street Brownstown, IN 47220 Full Service B&M $25,958
    Jackson County Bank 1181 West Tipton Street Seymour, IN 47274 Full Service Retail $7,835
    Jackson County Bank 1200 East Tipton Street Seymour, IN 47274 Full Service B&M $36,084
    Jackson County Bank 125 South Chestnut Street Seymour, IN 47274 Full Service B&M $267,430
    Jackson County Bank 1280 North College Avenue Suite 4 Bloomington, IN 47404 Full Service B&M $4,237
    Jackson County Bank 2761 Central Avenue Columbus, IN 47201 Full Service B&M $33,971
    Jackson County Bank 3880 West Jonathan Moore Pike Columbus, IN 47201 Full Service B&M $22,748
    Jackson County Bank 400 Washington Street Columbus, IN 47203 Full Service B&M $20,361
    Jackson County Bank 611 A North State Street North Vernon, IN 47265 Full Service B&M $5,034

    For 2019, Jackson County Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,910
    Net interest income $18,136
    Total noninterest income $8,325
    Gross Fiduciary activities income $1,060
    Service charges on deposit accounts $907
    Trading account gains and fees $0
    Additional Noninterest Income $6,358
    Pre-tax net operating income $6,428
    Securities gains (or losses, -) $-42
    Income before extraordinary items $5,353
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,353
    Minority interest net income $0
    Net income $5,353
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,388

    Jackson County Bank's gross interest income from loans was $22,910,000.
    Jackson County Bank's net interest income from loans was $18,136,000.
    Jackson County Bank's fee based income from loans was $907,000.
    Jackson County Bank's net income from loans was $5,353,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,774
    Provision for credit losses $425
    Total noninterest expense $19,608
    Salaries and employee benefits $10,888
    Premises and equipment expense $1,724
    Additional noninterest expense $6,996
    Applicable income taxes $1,033
    Net charge-offs $303
    Cash dividends $2,375

    Jackson County Bank's interest expense for loans was $4,774,000.
    Jackson County Bank's payroll and benefits expense were $10,888,000.
    Jackson County Bank's property, plant and equipment expenses $1,724,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    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 3.0%
    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 $462,419
    Deposits held in domestic offices $462,419
    Deposits by Individuals, partnerships, and corporations $357,584
    Deposits by U.S. Government $45
    Deposits by States and political subdivisions in the U.S. $104,790
    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 $94,602
    Demand deposits $75,835
    Nontransaction accounts $367,817
    Money market deposit accounts (MMDAs) $111,387
    Other savings deposits (excluding MMDAs) $142,033
    Total time deposits $114,396
    Total time and savings deposits $386,584
    Noninterest-bearing deposits $75,930
    Interest-bearing deposits $386,489
    Retail deposits $433,077
    IRAs and Keogh plan accounts $17,387
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $589,584
    Cash & Balances due from depository institutions $17,718
    Interest-bearing balances $10,524
    Total securities $87,530
    Federal funds sold & reverse repurchase $17,176
    Net loans and leases $433,666
    Loan and leases loss allowance $3,831
    Trading account assets $875
    Bank premises and fixed assets $7,225
    Other real estate owned $190
    Goodwill and other intangibles $4,824
    All other assets $20,380

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $589,584
    Total Liabilities $529,968
    Total deposits $462,419
    Interest-bearing deposits $386,489
    Deposits held in domestic offices $462,419
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $6,105
    Trading liabilities $874
    Other borrowed funds $55,000
    Subordinated debt $0
    All other liabilities $5,570

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $433,666
    Loan and leases loss allowance $3,831
    Total loans and leases (domestic) $437,497
    All real estate loans $398,064
    Real estate loans in domestic offices $398,064
    Construction and development loans $43,980
    Residential 1-4 family construction $6,388
    Other construction, all land development and other land $37,592
    Loans secured by nonfarm nonresidential properties $167,019
    Nonfarm nonresidential secured by owner-occupied properties $72,816
    Commercial real estate & other non-farm, non-residential $94,203
    Multifamily residential real estate $22,538
    1-4 family residential loans $162,266
    Farmland loans $2,261
    Loans held in foreign offices $0
    Farm loans $218
    Commercial and industrial loans $24,290
    To non-U.S. addressees $0
    Loans to individuals $6,183
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $6,183
    All other loans & leases $8,742
    Loans to foreign governments and official institutions $0
    Other loans $99
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,246
    Non 1-4 family restructured loans & leases $3,227
    Total loans and leases (foreign) $0

    Jackson County Bank had $433,666,000 of loans outstanding in 2019. $398,064,000 of loans were in real estate loans. $43,980,000 of loans were in development loans. $22,538,000 of loans were in multifamily mortgage loans. $162,266,000 of loans were in 1-4 family mortgage loans. $218,000 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 220 $54,592 $248,145
    Nonfarm, nonresidential loans - <$100k 37 $1,820 $49,189
    Nonfarm, nonresidential loans - $100-250k 69 $9,707 $140,681
    Nonfarm, nonresidential loans - $250k-1MM 114 $43,065 $377,763
    Commercial & Industrial, US addressed loans - <$1MM 117 $17,592 $150,359
    Commercial & Industrial, US addressed loans - <$100k 55 $1,968 $35,782
    Commercial & Industrial, US addressed loans - $100-250k 31 $4,299 $138,677
    Commercial & Industrial, US addressed loans - $250k-1MM 31 $11,325 $365,323
    Farmland loans - <$1MM 10 $1,564 $156,400
    Farmland loans - <$100k 4 $222 $55,500
    Farmland loans - $100-250k 4 $815 $203,750
    Farmland loans - $250k-1MM 2 $527 $263,500
    Agriculture operations loans - <$1MM 4 $218 $54,500
    Agriculture operations loans - <$100k 3 $115 $38,333
    Agriculture operations loans - $100-250k 1 $103 $103,000