Citizens Union Bank Of Shelbyville Mortgage Rates, Fees & Info

Shelbyville, KY

LEI: 549300JLVHEYC5B9MX32

Tax ID: 61-0156420

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Mortgage Data

Bank Data

Review & Overview

Citizens Union Bank Of Shelbyville is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Citizens Union Bank Of Shelbyville has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Louisville, Frankfort, Lexington, Bardstown, and Elizabethtown among others. We have data for 24 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

898

Origination Dollar Volume (All Markets)

$202,670,000

Employee count

176

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) 708 $163,550,000 $231,003 $0 0.00%
Outside of Metro Areas 66 $13,740,000 $208,182 $0 0.00%
Frankfort, KY (FHA|USDA|VA) 30 $6,660,000 $222,000 $0 0.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 17 $4,025,000 $236,765 $0 0.00%
Bardstown, KY (FHA|USDA|VA) 17 $3,605,000 $212,059 $0 0.00%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 15 $3,075,000 $205,000 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 22 $2,760,000 $125,455 $0 0.00%
KNOXVILLE, TN (FHA|USDA|VA) 3 $875,000 $291,667 $0 0.00%
Richmond-Berea, KY (FHA|USDA|VA) 4 $630,000 $157,500 $0 0.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
Holland, MI (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
COLUMBUS, OH (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Danville, KY (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $170,000 $85,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Madison, IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Citizens Union Bank Of Shelbyville's top markets include Louisville, Frankfort, Lexington, Bardstown, and Elizabethtown among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 792 $181,610,000 $229,306 $0 0.00%
    FHA 43 $7,955,000 $185,000 $0 0.00%
    USDA 39 $6,535,000 $167,564 $0 0.00%
    VA 24 $6,570,000 $273,750 $0 0.00%

    For 2020, Citizens Union Bank Of Shelbyville's most frequently originated type of loan was Conventional, with 792 originations. Their 2nd most popular type was FHA, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 363 $82,865,000 $228,278 $0 0.00%
    Home Purchase 325 $74,305,000 $228,631 $0 0.00%
    Cash Out Refi 194 $43,630,000 $224,897 $0 0.00%
    Other 9 $1,465,000 $162,778 $0 0.00%
    Home Improvement 7 $405,000 $57,857 $0 0.00%

    For 2020, Citizens Union Bank Of Shelbyville's most frequently cited loan purpose was Refi, with 363 originations. The 2nd most popular reason was Home Purchase, with 325 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 898 $202,670,000 $225,690 $0 0.00%

    For 2020, Citizens Union Bank Of Shelbyville's most frequently cited loan duration was Other, with 898 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 359 $98,085,000 $273,217 $0 0.00%
    $100k-200k 345 $52,045,000 $150,855 $0 0.00%
    $100,000 or less 126 $8,770,000 $69,603 $0 0.00%
    $400k-600k 56 $26,050,000 $465,179 $0 0.00%
    $600k-1MM 8 $5,450,000 $681,250 $0 0.00%
    $1MM+ 4 $12,270,000 $3,067,500 $0 0.00%

    2020 saw Citizens Union Bank Of Shelbyville place emphasis on $200k-400k loans with 359 originations, totaling $98,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 169 $42,195,000 $249,675 $0 0.00%
    $50k-75k 164 $29,040,000 $177,073 $0 0.00%
    $50k or less 159 $20,955,000 $131,792 $0 0.00%
    $75k-100k 147 $30,055,000 $204,456 $0 0.00%
    $150k-250k 100 $32,590,000 $325,900 $0 0.00%
    $250k+ 43 $14,345,000 $333,605 $0 0.00%

    Citizens Union Bank Of Shelbyville lent most frequently to those with incomes in the $100k-150k range, with 169 originations. The second most popular income band? $50k-75k, with 164 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 898 $202,670,000 $225,690 $0 0.00%

    Citizens Union Bank Of Shelbyville lent most frequently to those with DTI ratios of Exempt%, with 898 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 791 $171,325,000 $216,593 $0 0.00%
    Not applicable 69 $23,345,000 $338,333 $0 0.00%
    Black 21 $3,815,000 $181,667 $0 0.00%
    Not provided 8 $1,860,000 $232,500 $0 0.00%
    Asian 6 $1,340,000 $223,333 $0 0.00%
    American Indian 1 $505,000 $505,000 $0 0.00%
    Native Hawaiian or Islander 2 $480,000 $240,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.80%

    Citizens Union Bank Of Shelbyville has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.64%

    Citizens Union Bank Of Shelbyville has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 898 $202,670,000 $225,690

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 15 $16,385,000 $1,092,333
    Single Family (1-4 Units):Manufactured 11 $1,085,000 $98,636
    Single Family (1-4 Units):Site-Built 872 $185,200,000 $212,385

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 35 12.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 13 4.7%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Credit monitoring or identity theft protection services 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 5 1.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 26 9.5%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 109 39.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 6 2.2%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 7 2.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 8 2.9%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 6 2.2%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 20 7.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 7 2.6%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 4 1.5%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 2 0.7%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 11 4.0%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 4 1.5%

    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 $38,045
    Citizens Union Bank of Shelbyville 101 Huntington Ridge Drive, 12935 Shelbyville Road, Suite 110 Louisville, KY 40223 Full Service B&M $48,871
    Citizens Union Bank of Shelbyville 11601 Bluegrass Parkway Louisville, KY 40299 Full Service B&M $104,198
    Citizens Union Bank of Shelbyville 127 North Thomas Street Owenton, KY 40359 Full Service B&M $103,906
    Citizens Union Bank of Shelbyville 1830 N. Dixie Hwy. Elizabethtown, KY 42701 Full Service B&M $29,188
    Citizens Union Bank of Shelbyville 1854 Midland Trail Shelbyville, KY 40065 Full Service B&M $241,132
    Citizens Union Bank of Shelbyville 2100 South Highway 53 Lagrange, KY 40031 Full Service B&M $26,697
    Citizens Union Bank of Shelbyville 23 Fairway Crossing, Suite #2 Shelbyville, KY 40065 Full Service B&M $26,465
    Citizens Union Bank of Shelbyville 375 Oakbrooke Drive Mount Washington, KY 40047 Full Service B&M $25,100
    Citizens Union Bank of Shelbyville 460 Kentucky Highway 227 North New Liberty, KY 40355 Full Service B&M $16,388
    Citizens Union Bank of Shelbyville 4742 Chamberlain Lane Louisville, KY 40241 Full Service B&M $12,589
    Citizens Union Bank of Shelbyville 500 Taylorsville Road Shelbyville, KY 40065 Full Service Retail $11,623
    Citizens Union Bank of Shelbyville 506 East Main Street Warsaw, KY 41095 Full Service B&M $27,890
    Citizens Union Bank of Shelbyville 827 Main Street Shelbyville, KY 40065 Full Service B&M $44,318
    Citizens Union Bank of Shelbyville 853 Taylorsville Road Taylorsville, KY 40071 Full Service B&M $43,745

    For 2020, Citizens Union Bank Of Shelbyville had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $39,016
    Net interest income $32,389
    Total noninterest income $9,618
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,792
    Trading account gains and fees $0
    Additional Noninterest Income $7,826
    Pre-tax net operating income $12,881
    Securities gains (or losses, -) $0
    Income before extraordinary items $10,212
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,212
    Minority interest net income $0
    Net income $10,212
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,212

    Citizens Union Bank Of Shelbyville's gross interest income from loans was $39,016,000.
    Citizens Union Bank Of Shelbyville's net interest income from loans was $32,389,000.
    Citizens Union Bank Of Shelbyville's fee based income from loans was $1,792,000.
    Citizens Union Bank Of Shelbyville's net income from loans was $10,212,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,627
    Provision for credit losses $1,520
    Total noninterest expense $27,606
    Salaries and employee benefits $15,699
    Premises and equipment expense $5,378
    Additional noninterest expense $6,529
    Applicable income taxes $2,669
    Net charge-offs $159
    Cash dividends $6,000

    Citizens Union Bank Of Shelbyville's interest expense for loans was $6,627,000.
    Citizens Union Bank Of Shelbyville's payroll and benefits expense were $15,699,000.
    Citizens Union Bank Of Shelbyville's property, plant and equipment expenses $5,378,000.

    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 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 $844,150
    Deposits held in domestic offices $844,150
    Deposits by Individuals, partnerships, and corporations $765,549
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $68,098
    Deposits by Commercial banks and other depository institutions in U.S. $10,503
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $136,977
    Demand deposits $136,485
    Nontransaction accounts $707,173
    Money market deposit accounts (MMDAs) $115,318
    Other savings deposits (excluding MMDAs) $464,365
    Total time deposits $127,489
    Total time and savings deposits $707,665
    Noninterest-bearing deposits $207,985
    Interest-bearing deposits $636,166
    Retail deposits $835,331
    IRAs and Keogh plan accounts $24,674
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,020,491
    Cash & Balances due from depository institutions $161,890
    Interest-bearing balances $141,609
    Total securities $84,837
    Federal funds sold & reverse repurchase $1,209
    Net loans and leases $706,945
    Loan and leases loss allowance $8,753
    Trading account assets $0
    Bank premises and fixed assets $25,013
    Other real estate owned $1,247
    Goodwill and other intangibles $6,446
    All other assets $32,904

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,020,491
    Total Liabilities $905,335
    Total deposits $844,150
    Interest-bearing deposits $636,166
    Deposits held in domestic offices $844,150
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $4,634
    Trading liabilities $0
    Other borrowed funds $43,757
    Subordinated debt $0
    All other liabilities $12,794

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $706,945
    Loan and leases loss allowance $8,753
    Total loans and leases (domestic) $715,698
    All real estate loans $567,871
    Real estate loans in domestic offices $567,871
    Construction and development loans $92,587
    Residential 1-4 family construction $15,917
    Other construction, all land development and other land $76,670
    Loans secured by nonfarm nonresidential properties $172,403
    Nonfarm nonresidential secured by owner-occupied properties $67,504
    Commercial real estate & other non-farm, non-residential $104,899
    Multifamily residential real estate $62,558
    1-4 family residential loans $175,106
    Farmland loans $65,217
    Loans held in foreign offices $0
    Farm loans $8,270
    Commercial and industrial loans $112,181
    To non-U.S. addressees $0
    Loans to individuals $5,252
    Credit card loans $0
    Related Plans $618
    Consumer Auto Loans $1,251
    Other loans to individuals $3,383
    All other loans & leases $22,148
    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 $21,827
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,853
    Non 1-4 family restructured loans & leases $3,706
    Total loans and leases (foreign) $0

    Citizens Union Bank of Shelbyville had $706,945,000 of loans outstanding in 2020. $567,871,000 of loans were in real estate loans. $92,587,000 of loans were in development loans. $62,558,000 of loans were in multifamily mortgage loans. $175,106,000 of loans were in 1-4 family mortgage loans. $8,270,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,251,000 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 253 $47,381 $187,277
    Nonfarm, nonresidential loans - <$100k 76 $2,687 $35,355
    Nonfarm, nonresidential loans - $100-250k 80 $8,912 $111,400
    Nonfarm, nonresidential loans - $250k-1MM 97 $35,782 $368,887
    Commercial & Industrial, US addressed loans - <$1MM 894 $48,784 $54,568
    Commercial & Industrial, US addressed loans - <$100k 723 $16,928 $23,414
    Commercial & Industrial, US addressed loans - $100-250k 110 $13,113 $119,209
    Commercial & Industrial, US addressed loans - $250k-1MM 61 $18,743 $307,262
    Farmland loans - <$1MM 395 $43,185 $109,329
    Farmland loans - <$100k 172 $6,765 $39,331
    Farmland loans - $100-250k 157 $18,453 $117,535
    Farmland loans - $250k-1MM 66 $17,967 $272,227
    Agriculture operations loans - <$1MM 277 $6,940 $25,054
    Agriculture operations loans - <$100k 244 $3,284 $13,459
    Agriculture operations loans - $100-250k 24 $2,544 $106,000
    Agriculture operations loans - $250k-1MM 9 $1,112 $123,556