The Paducah Bank And Trust Company Mortgage Rates, Fees & Info

Paducah, KY

LEI: 549300QCJE0X5P8H4Z85

Tax ID: 61-0418959

5 stars - out of 5 stars, based on 19 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The Paducah Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. The Paducah Bank And Trust Company has a high proportion of conventional loans. Their top markets include Paducah, Louisville/jefferson County, Carbondale, Nashville, and Mayfield among others. The Paducah Bank And Trust Company has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. The Paducah Bank And Trust Company is typically a low fee lendor.


Originations

374

Origination Dollar Volume (All Markets)

$82,590,000

Awards

The Paducah Bank and Trust Company 30 Year Conventional Loans bronze The Paducah Bank and Trust Company 30 Year Conventional Loans bronze The Paducah Bank and Trust Company 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

The Paducah Bank And Trust Company's average 30 year fixed rate mortgage of loans were 3.38%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.23%.

Relative Fees

The Paducah Bank And Trust Company's average total fees for a 30 year fixed rate mortgage are $2,854.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Paducah, KY-IL (FHA|USDA|VA) 266 $52,500,000 $197,368 $2,648 3.51%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 23 $6,705,000 $291,522 $2,943 3.06%
Outside of Metro Areas 25 $5,325,000 $213,000 $2,582 3.86%
CARBONDALE-MARION, IL (FHA|USDA|VA) 3 $3,865,000 $1,288,333 $0 3.75%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 8 $2,960,000 $370,000 $3,433 2.70%
Mayfield, KY (FHA|USDA|VA) 18 $2,540,000 $141,111 $2,370 3.82%
EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $1,660,000 $830,000 $3,237 3.69%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $960,000 $480,000 $5,517 3.11%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $675,000 $225,000 $2,867 4.31%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 3 $675,000 $225,000 $3,167 3.60%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $570,000 $285,000 $3,484 2.69%
Murray, KY (FHA|USDA|VA) 2 $570,000 $285,000 $3,038 3.38%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $440,000 $220,000 $4,751 3.44%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $435,000 $435,000 $5,452 2.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $400,000 $200,000 $4,534 3.56%
RICHMOND, VA (FHA|USDA|VA) 1 $385,000 $385,000 $3,206 2.63%
PANAMA CITY, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 3.99%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,740 3.88%
Albertville, AL (FHA|USDA|VA) 1 $245,000 $245,000 $3,775 2.88%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $235,000 $235,000 $0 4.25%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $155,000 $155,000 $3,014 2.50%
COLUMBUS, OH (FHA|USDA|VA) 1 $155,000 $155,000 $2,809 2.88%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $125,000 $125,000 $3,013 2.50%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,868 4.94%
KNOXVILLE, TN (FHA|USDA|VA) 1 $115,000 $115,000 $3,325 2.63%
Madisonville, KY (FHA|USDA|VA) 1 $75,000 $75,000 $4,357 3.63%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.49%

The Paducah Bank And Trust Company's top markets include Paducah, Louisville/jefferson County, Carbondale, Nashville, and Mayfield among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 374 $82,590,000 $220,829 $2,743 3.50%

For the 2021 period, The Paducah Bank And Trust Company's most frequently originated loan type of loans were Conventional, with 374 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 165 $37,635,000 $228,091 $2,961 3.59%
Refi 137 $29,435,000 $214,854 $2,529 3.44%
Cash Out Refi 62 $13,350,000 $215,323 $2,878 3.11%
Other 7 $315,000 $45,000 $1,101 5.82%
Home Improvement 3 $1,855,000 $618,333 $0 4.50%

For the 2021, The Paducah Bank And Trust Company's most frequently cited loan purpose of loans were Home Purchase, with 165 originations. The 2nd most popular reason of loans were Refi, with 137 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 198 $38,850,000 $196,212 $2,854 3.38%
15 Year 62 $13,810,000 $222,742 $2,821 2.86%
20 Year 47 $17,035,000 $362,447 $2,955 3.41%
10 Year 28 $8,240,000 $294,286 $2,288 4.21%
5 Year 26 $1,780,000 $68,462 $881 5.07%
Other 11 $2,505,000 $227,727 $2,195 4.04%
3 Year 2 $370,000 $185,000 $1,588 4.94%

For the 2021, The Paducah Bank And Trust Company's most frequently cited loan length of loans were 30 Year, with 198 originations. The 2nd most popular length of loans were 15 Year, with 62 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 261 $60,285,000 $230,977
$<1k 55 $5,705,000 $103,727
$2k-3k 6 $1,280,000 $213,333
$3k-4k 3 $585,000 $195,000

$2,854 of loans were The Paducah Bank And Trust Company's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 261 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 131 $34,935,000 $266,679
2.5-3% 106 $25,180,000 $237,547
4-5% 60 $10,300,000 $171,667
<2.5% 43 $9,445,000 $219,651
5-6% 26 $2,390,000 $91,923
6-7% 6 $280,000 $46,667
7-8% 2 $60,000 $30,000

During 2021, The Paducah Bank And Trust Company's average interest rate of loans were 3.38%, while their most frequently originated rate bucket of loans were 3-4%, with 131 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 132 $19,050,000 $144,318 $2,668 3.13%
$200k-400k 105 $28,745,000 $273,762 $3,136 3.16%
$100,000 or less 87 $5,155,000 $59,253 $1,937 4.53%
$400k-600k 39 $19,175,000 $491,667 $3,377 3.29%
$600k-1MM 9 $6,855,000 $761,667 $3,656 3.89%
$1MM+ 2 $3,610,000 $1,805,000 $0 4.00%

2021 saw The Paducah Bank And Trust Company place emphasis on $100k-200k loans with 132 originations, totaling $19,050,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 74 $17,830,000 $240,946 $2,860 3.17%
$50k or less 68 $7,000,000 $102,941 $2,344 3.94%
$50k-75k 61 $8,915,000 $146,148 $2,648 3.52%
$75k-100k 50 $8,450,000 $169,000 $2,618 3.39%
$150k-250k 48 $12,920,000 $269,167 $3,104 3.34%
$250k+ 27 $11,285,000 $417,963 $3,266 3.18%

The Paducah Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 74 originations. The second most popular income band? $50k or less, with 68 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 107 $21,855,000 $204,252 $2,772 3.21%
30-36% 64 $12,110,000 $189,219 $2,551 3.70%
<20% 58 $11,660,000 $201,034 $2,823 3.28%
38% 22 $4,570,000 $207,727 $2,698 3.62%
39% 15 $2,985,000 $199,000 $2,848 3.33%
37% 14 $3,280,000 $234,286 $2,750 4.02%
44% 7 $1,485,000 $212,143 $2,672 3.63%
40% 7 $1,475,000 $210,714 $3,154 3.39%
41% 6 $1,280,000 $213,333 $2,862 3.15%
46% 6 $1,130,000 $188,333 $2,944 3.48%
42% 5 $1,155,000 $231,000 $2,776 3.13%
45% 5 $825,000 $165,000 $2,861 3.64%
48% 5 $875,000 $175,000 $3,049 3.40%
36% 4 $780,000 $195,000 $2,842 4.19%
47% 4 $910,000 $227,500 $3,060 3.06%
43% 3 $515,000 $171,667 $2,900 3.43%
50-60% 3 $925,000 $308,333 $2,366 4.32%
>60% 1 $455,000 $455,000 $836 5.39%
49% 1 $135,000 $135,000 $2,746 2.50%

The Paducah Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 107 originations. The next most common DTI ratio? 30-36%, with 64 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 327 $65,815,000 $201,269 $2,725 3.44%
Not applicable 34 $13,600,000 $400,000 $0 4.12%
Black 4 $1,280,000 $320,000 $4,104 3.31%
Not provided 7 $1,095,000 $156,429 $2,599 3.57%
Asian 1 $525,000 $525,000 $0 3.50%
American Indian 1 $275,000 $275,000 $3,639 3.63%

Approval Rates

Total approvals of all applications
93.20%

The Paducah Bank And Trust Company has an average approval rate.

Pick Rate

Approvals leading to origination
83.71%

The Paducah Bank And Trust Company has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
140.0 1 $15,000 $15,000
247.0 1 $65,000 $65,000
297.5 2 $90,000 $45,000
319.5 1 $25,000 $25,000
NA 369 $82,395,000 $223,293

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
374 $82,590,000 $220,829

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 19 $4,385,000 $230,789 $2,794 3.11%
40-60% 63 $11,605,000 $184,206 $2,608 3.37%
60-80% 141 $33,405,000 $236,915 $2,657 3.41%
80-100% 143 $31,435,000 $219,825 $2,947 3.61%
Under 20% 8 $1,760,000 $220,000 $1,036 5.28%