Citizens Union Bank Of Shelbyville Mortgage Rates, Fees & Info

Shelbyville, KY

LEI: 549300JLVHEYC5B9MX32

Tax ID: 61-0156420

Latest/2022 | 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 and Refi loans. Citizens Union Bank Of Shelbyville has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Louisville, Bardstown, Naples, Elizabethtown, and Madisonville among others. We have data for 16 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.

    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

    484

    Origination Dollar Volume (All Markets)

    $95,470,000

    Employee count

    175

    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) 369 $73,695,000 $199,715 $0 0.00%
    Bardstown, KY (FHA|USDA|VA) 26 $4,010,000 $154,231 $0 0.00%
    Outside of Metro Areas 31 $3,895,000 $125,645 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $3,470,000 $1,735,000 $0 0.00%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 15 $2,395,000 $159,667 $0 0.00%
    Madisonville, KY (FHA|USDA|VA) 1 $1,955,000 $1,955,000 $0 0.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 14 $1,640,000 $117,143 $0 0.00%
    Frankfort, KY (FHA|USDA|VA) 11 $1,425,000 $129,545 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 6 $1,180,000 $196,667 $0 0.00%
    Scottsburg, IN (FHA|USDA|VA) 3 $545,000 $181,667 $0 0.00%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Danville, KY (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Citizens Union Bank Of Shelbyville's top markets include Louisville, Bardstown, Naples, Elizabethtown, and Madisonville among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Connecticut (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 North Side Bank & Trust Company
    Similarity Rank: 55
    CINFED Federal Credit Union
    Similarity Rank: 162
    Advanz Federal Credit Union
    Similarity Rank: 360
    The Peoples Bank
    Similarity Rank: 400
    COMMONWEALTH
    Similarity Rank: 408
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 504
    TRANSCEND
    Similarity Rank: 702
    Abound Federal Credit Union
    Similarity Rank: 816
    LCNB National Bank
    Similarity Rank: 828
    PARK COMMUNITY CREDIT UNION, INC.
    Similarity Rank: 912

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 388 $77,210,000 $198,995 $0 0.00%
    FHA 55 $9,075,000 $165,000 $0 0.00%
    USDA 21 $3,165,000 $150,714 $0 0.00%
    VA 20 $6,020,000 $301,000 $0 0.00%

    For 2019, Citizens Union Bank Of Shelbyville's most frequently originated type of loan was Conventional, with 388 originations. Their 2nd most popular type was FHA, with 55 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 292 $54,760,000 $187,534 $0 0.00%
    Refi 91 $22,375,000 $245,879 $0 0.00%
    Cash Out Refi 74 $13,680,000 $184,865 $0 0.00%
    Home Improvement 17 $1,595,000 $93,824 $0 0.00%
    Other 10 $3,060,000 $306,000 $0 0.00%

    For 2019, Citizens Union Bank Of Shelbyville's most frequently cited loan purpose was Home Purchase, with 292 originations. The 2nd most popular reason was Refi, with 91 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 484 $95,470,000 $197,252 $0 0.00%

    For 2019, Citizens Union Bank Of Shelbyville's most frequently cited loan duration was Other, with 484 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 192 $28,120,000 $146,458 $0 0.00%
    $200k-400k 150 $40,740,000 $271,600 $0 0.00%
    $100,000 or less 115 $7,635,000 $66,391 $0 0.00%
    $400k-600k 16 $7,290,000 $455,625 $0 0.00%
    $600k-1MM 8 $6,260,000 $782,500 $0 0.00%
    $1MM+ 3 $5,425,000 $1,808,333 $0 0.00%

    2019 saw Citizens Union Bank Of Shelbyville place emphasis on $100k-200k loans with 192 originations, totaling $28,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 101 $15,325,000 $151,733 $0 0.00%
    $50k or less 89 $10,375,000 $116,573 $0 0.00%
    $100k-150k 86 $18,800,000 $218,605 $0 0.00%
    $75k-100k 67 $13,535,000 $202,015 $0 0.00%
    $150k-250k 43 $11,365,000 $264,302 $0 0.00%
    $250k+ 25 $11,325,000 $453,000 $0 0.00%

    Citizens Union Bank Of Shelbyville lent most frequently to those with incomes in the $50k-75k range, with 101 originations. The second most popular income band? $50k or less, with 89 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 484 $95,470,000 $197,252 $0 0.00%

    Citizens Union Bank Of Shelbyville lent most frequently to those with DTI ratios of Exempt%, with 484 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 412 $81,550,000 $197,937 $0 0.00%
    Not applicable 57 $11,015,000 $193,246 $0 0.00%
    Asian 3 $1,145,000 $381,667 $0 0.00%
    Black 6 $810,000 $135,000 $0 0.00%
    Not provided 5 $785,000 $157,000 $0 0.00%
    American Indian 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.13%

    Citizens Union Bank Of Shelbyville has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.95%

    Citizens Union Bank Of Shelbyville has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 484 $95,470,000 $197,252

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $5,985,000 $460,385
    Single Family (1-4 Units):Manufactured 8 $710,000 $88,750
    Single Family (1-4 Units):Site-Built 463 $88,775,000 $191,739

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 4.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 6 2.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 20 8.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 81 34.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 13 5.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 11 4.7%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 9 3.9%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 8 3.4%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 52 22.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 4 1.7%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 2 0.9%

    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 $30,570
    Citizens Union Bank of Shelbyville 101 Huntington Ridge Drive, 12935 Shelbyville Road, Suite 110 Louisville, KY 40223 Full Service B&M $47,175
    Citizens Union Bank of Shelbyville 11601 Bluegrass Parkway Louisville, KY 40299 Full Service B&M $67,488
    Citizens Union Bank of Shelbyville 127 North Thomas Street Owenton, KY 40359 Full Service B&M $68,884
    Citizens Union Bank of Shelbyville 1830 N. Dixie Hwy. Elizabethtown, KY 42701 Full Service B&M $26,929
    Citizens Union Bank of Shelbyville 1854 Midland Trail Shelbyville, KY 40065 Full Service B&M $191,756
    Citizens Union Bank of Shelbyville 2100 South Highway 53 Lagrange, KY 40031 Full Service B&M $23,059
    Citizens Union Bank of Shelbyville 23 Fairway Crossing, Suite #2 Shelbyville, KY 40065 Full Service B&M $23,710
    Citizens Union Bank of Shelbyville 375 Oakbrooke Drive Mount Washington, KY 40047 Full Service B&M $23,432
    Citizens Union Bank of Shelbyville 460 Kentucky Highway 227 North New Liberty, KY 40355 Full Service B&M $23,316
    Citizens Union Bank of Shelbyville 4742 Chamberlain Lane Louisville, KY 40241 Full Service B&M $10,080
    Citizens Union Bank of Shelbyville 500 Taylorsville Road Shelbyville, KY 40065 Full Service Retail $9,410
    Citizens Union Bank of Shelbyville 506 East Main Street Warsaw, KY 41095 Full Service B&M $16,181
    Citizens Union Bank of Shelbyville 827 Main Street Shelbyville, KY 40065 Full Service B&M $36,577
    Citizens Union Bank of Shelbyville 853 Taylorsville Road Taylorsville, KY 40071 Full Service B&M $34,514

    For 2019, Citizens Union Bank Of Shelbyville had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $39,591
    Net interest income $31,507
    Total noninterest income $7,155
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,345
    Trading account gains and fees $0
    Additional Noninterest Income $4,810
    Pre-tax net operating income $12,112
    Securities gains (or losses, -) $19
    Income before extraordinary items $9,697
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,697
    Minority interest net income $0
    Net income $9,697
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,681

    Citizens Union Bank Of Shelbyville's gross interest income from loans was $39,591,000.
    Citizens Union Bank Of Shelbyville's net interest income from loans was $31,507,000.
    Citizens Union Bank Of Shelbyville's fee based income from loans was $2,345,000.
    Citizens Union Bank Of Shelbyville's net income from loans was $9,697,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,084
    Provision for credit losses $600
    Total noninterest expense $25,950
    Salaries and employee benefits $14,807
    Premises and equipment expense $4,870
    Additional noninterest expense $6,273
    Applicable income taxes $2,434
    Net charge-offs $59
    Cash dividends $14,000

    Citizens Union Bank Of Shelbyville's interest expense for loans was $8,084,000.
    Citizens Union Bank Of Shelbyville's payroll and benefits expense were $14,807,000.
    Citizens Union Bank Of Shelbyville's property, plant and equipment expenses $4,870,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $689,596
    Deposits held in domestic offices $689,596
    Deposits by Individuals, partnerships, and corporations $614,483
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $50,886
    Deposits by Commercial banks and other depository institutions in U.S. $24,227
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $90,881
    Demand deposits $90,606
    Nontransaction accounts $598,715
    Money market deposit accounts (MMDAs) $106,701
    Other savings deposits (excluding MMDAs) $356,798
    Total time deposits $135,216
    Total time and savings deposits $598,990
    Noninterest-bearing deposits $148,947
    Interest-bearing deposits $540,649
    Retail deposits $675,733
    IRAs and Keogh plan accounts $21,366
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $855,175
    Cash & Balances due from depository institutions $85,380
    Interest-bearing balances $73,750
    Total securities $61,077
    Federal funds sold & reverse repurchase $4,398
    Net loans and leases $657,239
    Loan and leases loss allowance $7,391
    Trading account assets $0
    Bank premises and fixed assets $22,455
    Other real estate owned $900
    Goodwill and other intangibles $3,404
    All other assets $20,322

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $855,175
    Total Liabilities $755,683
    Total deposits $689,596
    Interest-bearing deposits $540,649
    Deposits held in domestic offices $689,596
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $3,257
    Trading liabilities $0
    Other borrowed funds $55,800
    Subordinated debt $0
    All other liabilities $7,030

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $657,239
    Loan and leases loss allowance $7,391
    Total loans and leases (domestic) $664,630
    All real estate loans $570,087
    Real estate loans in domestic offices $570,087
    Construction and development loans $91,402
    Residential 1-4 family construction $17,549
    Other construction, all land development and other land $73,853
    Loans secured by nonfarm nonresidential properties $169,779
    Nonfarm nonresidential secured by owner-occupied properties $65,763
    Commercial real estate & other non-farm, non-residential $104,016
    Multifamily residential real estate $88,153
    1-4 family residential loans $161,585
    Farmland loans $59,168
    Loans held in foreign offices $0
    Farm loans $9,443
    Commercial and industrial loans $75,125
    To non-U.S. addressees $0
    Loans to individuals $4,727
    Credit card loans $0
    Related Plans $755
    Consumer Auto Loans $1,276
    Other loans to individuals $2,696
    All other loans & leases $5,273
    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 $20,723
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,936
    Non 1-4 family restructured loans & leases $3,803
    Total loans and leases (foreign) $0

    Citizens Union Bank of Shelbyville had $657,239,000 of loans outstanding in 2019. $570,087,000 of loans were in real estate loans. $91,402,000 of loans were in development loans. $88,153,000 of loans were in multifamily mortgage loans. $161,585,000 of loans were in 1-4 family mortgage loans. $9,443,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,276,000 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 $45,843 $195,910
    Nonfarm, nonresidential loans - <$100k 64 $2,069 $32,328
    Nonfarm, nonresidential loans - $100-250k 79 $8,927 $113,000
    Nonfarm, nonresidential loans - $250k-1MM 91 $34,847 $382,934
    Commercial & Industrial, US addressed loans - <$1MM 422 $24,480 $58,009
    Commercial & Industrial, US addressed loans - <$100k 313 $6,874 $21,962
    Commercial & Industrial, US addressed loans - $100-250k 69 $6,635 $96,159
    Commercial & Industrial, US addressed loans - $250k-1MM 40 $10,971 $274,275
    Farmland loans - <$1MM 359 $39,141 $109,028
    Farmland loans - <$100k 160 $5,972 $37,325
    Farmland loans - $100-250k 136 $16,064 $118,118
    Farmland loans - $250k-1MM 63 $17,105 $271,508
    Agriculture operations loans - <$1MM 214 $6,274 $29,318
    Agriculture operations loans - <$100k 192 $2,949 $15,359
    Agriculture operations loans - $100-250k 16 $1,886 $117,875
    Agriculture operations loans - $250k-1MM 6 $1,439 $239,833