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 Refi, Home Purchase, and Cash Out Refi 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, North Vernon, and Bloomington among others. We have data for 18 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 a below 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






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


Originations

1,061

Origination Dollar Volume (All Markets)

$190,845,000

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) 359 $62,575,000 $174,304 $0 0.00%
COLUMBUS, IN (FHA|USDA|VA) 252 $49,520,000 $196,508 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 117 $26,695,000 $228,162 $0 0.00%
North Vernon, IN (FHA|USDA|VA) 163 $21,005,000 $128,865 $0 0.00%
BLOOMINGTON, IN (FHA|USDA|VA) 56 $13,700,000 $244,643 $0 0.00%
Bedford, IN (FHA|USDA|VA) 65 $9,585,000 $147,462 $0 0.00%
Madison, IN (FHA|USDA|VA) 8 $2,020,000 $252,500 $0 0.00%
Scottsburg, IN (FHA|USDA|VA) 12 $1,380,000 $115,000 $0 0.00%
Outside of Metro Areas 10 $1,080,000 $108,000 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 6 $770,000 $128,333 $0 0.00%
TERRE HAUTE, IN (FHA|USDA|VA) 2 $580,000 $290,000 $0 0.00%
Greensburg, IN (FHA|USDA|VA) 4 $550,000 $137,500 $0 0.00%
Washington, IN (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
KOKOMO, IN (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Marion, IN (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Richmond, IN (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
FORT WAYNE, IN (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Jackson County Bank's top markets include Seymour, Columbus, Indianapolis, North Vernon, and Bloomington among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,032 $187,070,000 $181,269 $0 0.00%
    USDA 29 $3,775,000 $130,172 $0 0.00%

    For 2020, Jackson County Bank's most frequently originated type of loan was Conventional, with 1,032 originations. Their 2nd most popular type was USDA, with 29 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 393 $73,545,000 $187,137 $0 0.00%
    Home Purchase 369 $68,285,000 $185,054 $0 0.00%
    Cash Out Refi 284 $46,870,000 $165,035 $0 0.00%
    Home Improvement 11 $1,215,000 $110,455 $0 0.00%
    Other 4 $930,000 $232,500 $0 0.00%

    For 2020, Jackson County Bank's most frequently cited loan purpose was Refi, with 393 originations. The 2nd most popular reason was Home Purchase, with 369 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,061 $190,845,000 $179,873 $0 0.00%

    For 2020, Jackson County Bank's most frequently cited loan duration was Other, with 1,061 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 500 $73,350,000 $146,700 $0 0.00%
    $200k-400k 283 $74,075,000 $261,749 $0 0.00%
    $100,000 or less 232 $17,680,000 $76,207 $0 0.00%
    $400k-600k 36 $16,930,000 $470,278 $0 0.00%
    $600k-1MM 7 $4,925,000 $703,571 $0 0.00%
    $1MM+ 3 $3,885,000 $1,295,000 $0 0.00%

    2020 saw Jackson County Bank place emphasis on $100k-200k loans with 500 originations, totaling $73,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 297 $44,705,000 $150,522 $0 0.00%
    $100k-150k 204 $44,250,000 $216,912 $0 0.00%
    $50k or less 201 $22,635,000 $112,612 $0 0.00%
    $75k-100k 198 $35,020,000 $176,869 $0 0.00%
    $150k-250k 77 $20,175,000 $262,013 $0 0.00%
    $250k+ 33 $9,945,000 $301,364 $0 0.00%

    Jackson County Bank lent most frequently to those with incomes in the $50k-75k range, with 297 originations. The second most popular income band? $100k-150k, with 204 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 1,061 $190,845,000 $179,873 $0 0.00%

    Jackson County Bank lent most frequently to those with DTI ratios of Exempt%, with 1,061 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 933 $162,195,000 $173,842 $0 0.00%
    Not applicable 40 $12,090,000 $302,250 $0 0.00%
    Not provided 63 $10,795,000 $171,349 $0 0.00%
    Asian 20 $4,510,000 $225,500 $0 0.00%
    Black 4 $740,000 $185,000 $0 0.00%
    Native Hawaiian or Islander 1 $515,000 $515,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.81%

    Jackson County Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.18%

    Jackson County Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 1,061 $190,845,000 $179,873

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $7,190,000 $599,167
    Single Family (1-4 Units):Manufactured 30 $2,770,000 $92,333
    Single Family (1-4 Units):Site-Built 1,019 $180,885,000 $177,512

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Jackson County Bank 108 West Commerce Street Brownstown, IN 47220 Full Service B&M $27,558
    Jackson County Bank 1181 West Tipton Street Seymour, IN 47274 Full Service Retail $8,808
    Jackson County Bank 1200 East Tipton Street Seymour, IN 47274 Full Service B&M $39,586
    Jackson County Bank 125 South Chestnut Street Seymour, IN 47274 Full Service B&M $319,484
    Jackson County Bank 1280 North College Avenue Suite 4 Bloomington, IN 47404 Full Service B&M $6,226
    Jackson County Bank 2635 West 16th Street Bedford, IN 47421 Full Service B&M $46,370
    Jackson County Bank 2761 Central Avenue Columbus, IN 47201 Full Service B&M $49,240
    Jackson County Bank 3880 West Jonathan Moore Pike Columbus, IN 47201 Full Service B&M $25,613
    Jackson County Bank 400 Washington Street Columbus, IN 47203 Full Service B&M $21,265
    Jackson County Bank 611 A North State Street North Vernon, IN 47265 Full Service B&M $5,128

    For 2020, Jackson County Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $23,700
    Net interest income $19,468
    Total noninterest income $11,904
    Gross Fiduciary activities income $1,184
    Service charges on deposit accounts $741
    Trading account gains and fees $0
    Additional Noninterest Income $9,979
    Pre-tax net operating income $7,726
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,442
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,442
    Minority interest net income $0
    Net income $6,442
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,442

    Jackson County Bank's gross interest income from loans was $23,700,000.
    Jackson County Bank's net interest income from loans was $19,468,000.
    Jackson County Bank's fee based income from loans was $741,000.
    Jackson County Bank's net income from loans was $6,442,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,232
    Provision for credit losses $1,800
    Total noninterest expense $21,846
    Salaries and employee benefits $12,726
    Premises and equipment expense $1,923
    Additional noninterest expense $7,197
    Applicable income taxes $1,284
    Net charge-offs $18
    Cash dividends $2,110

    Jackson County Bank's interest expense for loans was $4,232,000.
    Jackson County Bank's payroll and benefits expense were $12,726,000.
    Jackson County Bank's property, plant and equipment expenses $1,923,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    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 $572,586
    Deposits held in domestic offices $572,586
    Deposits by Individuals, partnerships, and corporations $433,408
    Deposits by U.S. Government $130
    Deposits by States and political subdivisions in the U.S. $139,048
    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 $137,098
    Demand deposits $115,007
    Nontransaction accounts $435,488
    Money market deposit accounts (MMDAs) $139,211
    Other savings deposits (excluding MMDAs) $198,486
    Total time deposits $97,791
    Total time and savings deposits $457,579
    Noninterest-bearing deposits $116,322
    Interest-bearing deposits $456,264
    Retail deposits $553,277
    IRAs and Keogh plan accounts $17,347
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $704,348
    Cash & Balances due from depository institutions $62,395
    Interest-bearing balances $47,403
    Total securities $93,947
    Federal funds sold & reverse repurchase $4,103
    Net loans and leases $508,630
    Loan and leases loss allowance $5,613
    Trading account assets $793
    Bank premises and fixed assets $8,110
    Other real estate owned $0
    Goodwill and other intangibles $5,523
    All other assets $20,847

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $704,348
    Total Liabilities $638,914
    Total deposits $572,586
    Interest-bearing deposits $456,264
    Deposits held in domestic offices $572,586
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $5,736
    Trading liabilities $793
    Other borrowed funds $53,000
    Subordinated debt $0
    All other liabilities $6,799

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $508,630
    Loan and leases loss allowance $5,613
    Total loans and leases (domestic) $514,243
    All real estate loans $442,136
    Real estate loans in domestic offices $442,136
    Construction and development loans $46,818
    Residential 1-4 family construction $7,872
    Other construction, all land development and other land $38,946
    Loans secured by nonfarm nonresidential properties $183,596
    Nonfarm nonresidential secured by owner-occupied properties $80,279
    Commercial real estate & other non-farm, non-residential $103,317
    Multifamily residential real estate $23,185
    1-4 family residential loans $178,619
    Farmland loans $9,918
    Loans held in foreign offices $0
    Farm loans $998
    Commercial and industrial loans $51,769
    To non-U.S. addressees $0
    Loans to individuals $5,856
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $5,856
    All other loans & leases $13,484
    Loans to foreign governments and official institutions $0
    Other loans $42
    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 $4,225
    Non 1-4 family restructured loans & leases $3,198
    Total loans and leases (foreign) $0

    Jackson County Bank had $508,630,000 of loans outstanding in 2020. $442,136,000 of loans were in real estate loans. $46,818,000 of loans were in development loans. $23,185,000 of loans were in multifamily mortgage loans. $178,619,000 of loans were in 1-4 family mortgage loans. $998,000 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 217 $55,144 $254,120
    Nonfarm, nonresidential loans - <$100k 33 $1,803 $54,636
    Nonfarm, nonresidential loans - $100-250k 68 $9,920 $145,882
    Nonfarm, nonresidential loans - $250k-1MM 116 $43,421 $374,319
    Commercial & Industrial, US addressed loans - <$1MM 329 $30,800 $93,617
    Commercial & Industrial, US addressed loans - <$100k 230 $7,361 $32,004
    Commercial & Industrial, US addressed loans - $100-250k 62 $9,060 $146,129
    Commercial & Industrial, US addressed loans - $250k-1MM 37 $14,379 $388,622
    Farmland loans - <$1MM 19 $2,568 $135,158
    Farmland loans - <$100k 5 $310 $62,000
    Farmland loans - $100-250k 9 $1,082 $120,222
    Farmland loans - $250k-1MM 5 $1,176 $235,200
    Agriculture operations loans - <$1MM 4 $464 $116,000
    Agriculture operations loans - <$100k 2 $95 $47,500
    Agriculture operations loans - $100-250k 1 $95 $95,000
    Agriculture operations loans - $250k-1MM 1 $274 $274,000