Citizens Union Bank Of Shelbyville Mortgage Rates, Fees & Info

Shelbyville, KY

LEI: 549300JLVHEYC5B9MX32

Tax ID: 61-0156420

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Citizens Union Bank Of Shelbyville is a smaller bank specializing in Home Purchase loans. Citizens Union Bank Of Shelbyville has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Louisville, Bardstown, Glasgow, Cincinnati, and Naples among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Union Bank Of Shelbyville 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. Citizens Union Bank Of Shelbyville is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

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    Originations

    421

    Origination Dollar Volume (All Markets)

    $77,195,000

    Employee count

    176 Show all (6) awards

    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) 331 $59,035,000 $178,353 $2,876 4.93%
    Bardstown, KY (FHA|USDA|VA) 22 $3,200,000 $145,455 $3,421 4.61%
    Outside of Metro Areas 24 $2,780,000 $115,833 $2,461 5.17%
    Glasgow, KY (FHA|USDA|VA) 1 $1,855,000 $1,855,000 $0 5.25%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 9 $1,485,000 $165,000 $3,313 5.12%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $1,425,000 $1,425,000 $8,242 5.38%
    Scottsburg, IN (FHA|USDA|VA) 2 $1,290,000 $645,000 $0 5.79%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 8 $1,200,000 $150,000 $4,444 5.09%
    Frankfort, KY (FHA|USDA|VA) 8 $1,200,000 $150,000 $3,287 4.63%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $825,000 $825,000 $6,104 3.88%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $660,000 $330,000 $3,543 4.69%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $355,000 $355,000 $2,526 4.63%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $325,000 $325,000 $0 5.79%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $320,000 $160,000 $2,139 4.81%
    JACKSON, TN (FHA|USDA|VA) 1 $255,000 $255,000 $2,533 4.00%
    Danville, KY (FHA|USDA|VA) 1 $245,000 $245,000 $6,571 4.38%
    Key West, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,023 4.88%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.39%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $160,000 $80,000 $1,693 5.88%
    OCALA, FL (FHA|USDA|VA) 1 $85,000 $85,000 $2,483 4.25%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.79%
    Citizens Union Bank Of Shelbyville's top markets include Louisville, Bardstown, Glasgow, Cincinnati, and Naples among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Citizens Union Bank of Shelbyville based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Peoples Bank
    Similarity Rank: 120
    MIAMI UNIVERSITY COMMUNITY
    Similarity Rank: 120
    CINCINNATI OHIO POLICE
    Similarity Rank: 172
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 324
    COMMONWEALTH
    Similarity Rank: 345
    CLASS ACT FEDERAL CREDIT UNION
    Similarity Rank: 357
    First Harrison Bank
    Similarity Rank: 357
    CINFED Federal Credit Union
    Similarity Rank: 385
    Abound Federal Credit Union
    Similarity Rank: 405
    Peoples Bank
    Similarity Rank: 455

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 335 $63,515,000 $189,597 $2,407 5.04%
    FHA 43 $6,075,000 $141,279 $4,792 4.58%
    USDA 28 $3,890,000 $138,929 $3,738 4.49%
    VA 15 $3,715,000 $247,667 $5,971 4.25%

    For 2018, Citizens Union Bank Of Shelbyville's most frequently originated type of loan was Conventional, with 335 originations. Their 2nd most popular type was FHA, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 308 $54,180,000 $175,909 $3,151 4.89%
    Refi 55 $13,875,000 $252,273 $2,465 5.05%
    Cash Out Refi 34 $6,510,000 $191,471 $2,669 4.69%
    Other 17 $2,245,000 $132,059 $1,850 5.49%
    Home Improvement 7 $385,000 $55,000 $1,371 5.73%

    For 2018, Citizens Union Bank Of Shelbyville's most frequently cited loan purpose was Home Purchase, with 308 originations. The 2nd most popular reason was Refi, with 55 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 294 $54,310,000 $184,728 $3,135 4.73%
    15 Year 36 $7,850,000 $218,056 $2,218 5.05%
    20 Year 36 $5,050,000 $140,278 $2,248 5.33%
    10 Year 24 $3,190,000 $132,917 $1,295 5.83%
    Other 15 $2,035,000 $135,667 $2,232 5.45%
    1 Year 11 $1,155,000 $105,000 $0 5.77%
    5 Year 5 $3,605,000 $721,000 $0 5.19%

    For 2018, Citizens Union Bank Of Shelbyville's most frequently cited loan duration was 30 Year, with 294 originations. The 2nd most popular length was 15 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 296 $51,700,000 $174,662
    $1k-2k 45 $7,735,000 $171,889
    $2k-3k 3 $625,000 $208,333
    $3k-4k 3 $785,000 $261,667
    $4k-5k 3 $905,000 $301,667
    $5k+ 2 $490,000 $245,000

    Citizens Union Bank Of Shelbyville's average total fees were $3,135, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 296 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 237 $45,945,000 $193,861
    5-6% 128 $22,170,000 $173,203
    3-4% 34 $7,370,000 $216,765
    6-7% 17 $1,515,000 $89,118
    7-8% 4 $140,000 $35,000
    Over 8% 1 $55,000 $55,000

    During 2018, Citizens Union Bank Of Shelbyville's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 237 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 184 $26,180,000 $142,283 $2,939 4.84%
    $100,000 or less 113 $7,645,000 $67,655 $2,093 5.36%
    $200k-400k 103 $28,065,000 $272,476 $3,344 4.62%
    $400k-600k 14 $6,630,000 $473,571 $5,683 4.85%
    $1MM+ 4 $5,980,000 $1,495,000 $8,242 5.22%
    $600k-1MM 3 $2,695,000 $898,333 $6,104 4.89%

    2018 saw Citizens Union Bank Of Shelbyville place emphasis on $100k-200k loans with 184 originations, totaling $26,180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 108 $11,490,000 $106,389 $2,900 4.86%
    $50k-75k 77 $11,825,000 $153,571 $3,050 4.75%
    $75k-100k 64 $12,190,000 $190,469 $3,115 4.74%
    $100k-150k 59 $12,845,000 $217,712 $2,846 4.87%
    $150k-250k 41 $9,945,000 $242,561 $2,705 5.03%
    $250k+ 13 $4,785,000 $368,077 $3,446 5.11%

    Citizens Union Bank Of Shelbyville lent most frequently to those with incomes in the $50k or less range, with 108 originations. The second most popular income band? $50k-75k, with 77 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 84 $14,660,000 $174,524 $2,714 4.91%
    20-30% 81 $15,155,000 $187,099 $2,665 4.77%
    <20% 26 $3,640,000 $140,000 $2,603 4.83%
    40% 22 $4,350,000 $197,727 $3,141 4.51%
    39% 18 $3,070,000 $170,556 $2,904 4.83%
    37% 17 $2,775,000 $163,235 $3,079 4.79%
    38% 16 $3,010,000 $188,125 $2,945 4.73%
    41% 16 $2,540,000 $158,750 $3,188 4.77%
    36% 13 $2,195,000 $168,846 $2,317 5.06%
    43% 12 $2,300,000 $191,667 $4,847 4.55%
    44% 10 $1,990,000 $199,000 $4,459 4.38%
    48% 9 $1,105,000 $122,778 $3,001 5.31%
    42% 8 $1,420,000 $177,500 $2,971 4.61%
    47% 5 $875,000 $175,000 $3,112 5.00%
    49% 5 $1,095,000 $219,000 $2,976 4.93%
    45% 4 $890,000 $222,500 $2,900 4.69%
    50-60% 3 $585,000 $195,000 $5,281 4.42%
    >60% 2 $470,000 $235,000 $6,866 4.31%
    46% 1 $115,000 $115,000 $1,992 4.38%

    Citizens Union Bank Of Shelbyville lent most frequently to those with DTI ratios of 30-36%, with 84 originations. The next most common DTI ratio? 20-30%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 360 $62,870,000 $174,639 $2,938 4.84%
    Not applicable 48 $12,660,000 $263,750 $0 5.60%
    Black 11 $1,345,000 $122,273 $3,533 4.89%
    Not provided 1 $175,000 $175,000 $1,809 5.63%
    Guamanian 1 $145,000 $145,000 $4,727 4.50%

    Approval Rates

    Total approvals of all applications
    90.11%

    Citizens Union Bank Of Shelbyville has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.47%

    Citizens Union Bank Of Shelbyville has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 421 $77,195,000 $183,361

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $7,675,000 $697,727
    Single Family (1-4 Units):Manufactured 16 $1,390,000 $86,875
    Single Family (1-4 Units):Site-Built 394 $68,130,000 $172,919

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $3,325,000 $100,758 $2,052 4.86%
    40-60% 43 $7,425,000 $172,674 $2,373 4.93%
    60-80% 141 $32,645,000 $231,525 $2,622 4.91%
    80-100% 185 $31,995,000 $172,946 $3,445 4.85%
    Over 100% 4 $1,170,000 $292,500 $10,529 4.50%
    Under 20% 15 $635,000 $42,333 $974 6.39%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Citizens Savings & Loan Corporation, Chattanooga, TN Branch Conventional home mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens Union Bank of Shelbyville 100 Citizens Blvd. Simpsonville, KY 40067 Full Service B&M $33,454
    Citizens Union Bank of Shelbyville 101 Huntington Ridge Drive Louisville, KY 40223 Full Service B&M $36,852
    Citizens Union Bank of Shelbyville 11601 Bluegrass Parkway Louisville, KY 40299 Full Service B&M $68,138
    Citizens Union Bank of Shelbyville 127 North Thomas Street Owenton, KY 40359 Full Service B&M $45,894
    Citizens Union Bank of Shelbyville 1830 N. Dixie Hwy. Elizabethtown, KY 42701 Full Service B&M $25,139
    Citizens Union Bank of Shelbyville 1854 Midland Trail Shelbyville, KY 40065 Full Service B&M $168,109
    Citizens Union Bank of Shelbyville 2100 South Highway 53 Lagrange, KY 40031 Full Service B&M $21,251
    Citizens Union Bank of Shelbyville 23 Fairway Crossing, Suite #2 Shelbyville, KY 40065 Full Service B&M $20,021
    Citizens Union Bank of Shelbyville 375 Oakbrooke Drive Mount Washington, KY 40047 Full Service B&M $20,521
    Citizens Union Bank of Shelbyville 460 Kentucky Highway 227 North New Liberty, KY 40355 Full Service B&M $20,182
    Citizens Union Bank of Shelbyville 4742 Chamberlain Lane Louisville, KY 40241 Full Service B&M $10,570
    Citizens Union Bank of Shelbyville 500 Taylorsville Road Shelbyville, KY 40065 Full Service Retail $8,619
    Citizens Union Bank of Shelbyville 506 East Main Street Warsaw, KY 41095 Full Service B&M $16,304
    Citizens Union Bank of Shelbyville 827 Main Street Shelbyville, KY 40065 Full Service B&M $34,849
    Citizens Union Bank of Shelbyville 853 Taylorsville Road Taylorsville, KY 40071 Full Service B&M $32,190
    Citizens Union Bank of Shelbyville 95 Main Street Gratz, KY 40359 Full Service B&M $7,865

    For 2018, Citizens Union Bank Of Shelbyville had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $35,093
    Net interest income $29,748
    Total noninterest income $6,612
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,422
    Trading account gains and fees $0
    Additional Noninterest Income $4,190
    Pre-tax net operating income $11,179
    Securities gains (or losses, -) $0
    Income before extraordinary items $8,928
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,928
    Minority interest net income $0
    Net income $8,928
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,928

    Citizens Union Bank Of Shelbyville's gross interest income from loans was $35,093,000.
    Citizens Union Bank Of Shelbyville's net interest income from loans was $29,748,000.
    Citizens Union Bank Of Shelbyville's fee based income from loans was $2,422,000.
    Citizens Union Bank Of Shelbyville's net income from loans was $8,928,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,345
    Provision for credit losses $0
    Total noninterest expense $25,181
    Salaries and employee benefits $13,990
    Premises and equipment expense $4,760
    Additional noninterest expense $6,431
    Applicable income taxes $2,251
    Net charge-offs $53
    Cash dividends $5,000

    Citizens Union Bank Of Shelbyville's interest expense for loans was $5,345,000.
    Citizens Union Bank Of Shelbyville's payroll and benefits expense were $13,990,000.
    Citizens Union Bank Of Shelbyville's property, plant and equipment expenses $4,760,000.

    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 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $632,598
    Deposits held in domestic offices $632,598
    Deposits by Individuals, partnerships, and corporations $573,877
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $48,852
    Deposits by Commercial banks and other depository institutions in U.S. $9,869
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $266,750
    Demand deposits $265,845
    Nontransaction accounts $365,848
    Money market deposit accounts (MMDAs) $111,201
    Other savings deposits (excluding MMDAs) $107,816
    Total time deposits $146,831
    Total time and savings deposits $366,753
    Noninterest-bearing deposits $145,758
    Interest-bearing deposits $486,840
    Retail deposits $616,851
    IRAs and Keogh plan accounts $21,220
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $791,215
    Cash & Balances due from depository institutions $64,458
    Interest-bearing balances $55,301
    Total securities $55,549
    Federal funds sold & reverse repurchase $5,737
    Net loans and leases $616,158
    Loan and leases loss allowance $6,849
    Trading account assets $0
    Bank premises and fixed assets $21,720
    Other real estate owned $1,982
    Goodwill and other intangibles $3,404
    All other assets $22,207

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $791,215
    Total Liabilities $688,369
    Total deposits $632,598
    Interest-bearing deposits $486,840
    Deposits held in domestic offices $632,598
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $3,500
    Trading liabilities $0
    Other borrowed funds $46,414
    Subordinated debt $0
    All other liabilities $5,857

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $616,158
    Loan and leases loss allowance $6,849
    Total loans and leases (domestic) $623,007
    All real estate loans $536,427
    Real estate loans in domestic offices $536,427
    Construction and development loans $89,306
    Residential 1-4 family construction $22,304
    Other construction, all land development and other land $67,002
    Loans secured by nonfarm nonresidential properties $148,252
    Nonfarm nonresidential secured by owner-occupied properties $47,736
    Commercial real estate & other non-farm, non-residential $100,516
    Multifamily residential real estate $80,173
    1-4 family residential loans $156,746
    Farmland loans $61,950
    Loans held in foreign offices $0
    Farm loans $9,400
    Commercial and industrial loans $66,048
    To non-U.S. addressees $0
    Loans to individuals $5,416
    Credit card loans $0
    Related Plans $487
    Consumer Auto Loans $1,502
    Other loans to individuals $3,427
    All other loans & leases $5,740
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $6,381
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $6,456
    Non 1-4 family restructured loans & leases $6,245
    Total loans and leases (foreign) $0

    Citizens Union Bank of Shelbyville had $616,158,000 of loans outstanding in 2018. $536,427,000 of loans were in real estate loans. $89,306,000 of loans were in development loans. $80,173,000 of loans were in multifamily mortgage loans. $156,746,000 of loans were in 1-4 family mortgage loans. $9,400,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,502,000 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 234 $40,459 $172,902
    Nonfarm, nonresidential loans - <$100k 76 $2,533 $33,329
    Nonfarm, nonresidential loans - $100-250k 77 $8,687 $112,818
    Nonfarm, nonresidential loans - $250k-1MM 81 $29,239 $360,975
    Commercial & Industrial, US addressed loans - <$1MM 393 $22,005 $55,992
    Commercial & Industrial, US addressed loans - <$100k 287 $6,048 $21,073
    Commercial & Industrial, US addressed loans - $100-250k 69 $6,022 $87,275
    Commercial & Industrial, US addressed loans - $250k-1MM 37 $9,935 $268,514
    Farmland loans - <$1MM 348 $39,114 $112,397
    Farmland loans - <$100k 160 $6,019 $37,619
    Farmland loans - $100-250k 127 $14,944 $117,669
    Farmland loans - $250k-1MM 61 $18,151 $297,557
    Agriculture operations loans - <$1MM 229 $6,562 $28,655
    Agriculture operations loans - <$100k 208 $3,553 $17,082
    Agriculture operations loans - $100-250k 15 $1,694 $112,933
    Agriculture operations loans - $250k-1MM 6 $1,315 $219,167