Carroll Bank And Trust Mortgage Rates, Fees & Info

Huntingdon, TN

LEI: 549300RN1POVRDD21477

Tax ID: 62-0123520

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Carroll Bank And Trust is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Carroll Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: Jackson, Paris, Martin, Murray, and Union City among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Carroll Bank And Trust has an above average approval rate when compared to the average across all lenders. They have an above 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

    317

    Origination Dollar Volume (All Markets)

    $22,675,000

    Employee count

    89

    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
    Outside of Metro Areas 169 $11,335,000 $67,071 $0 0.00%
    JACKSON, TN (FHA|USDA|VA) 80 $5,330,000 $66,625 $0 0.00%
    Paris, TN (FHA|USDA|VA) 51 $4,375,000 $85,784 $0 0.00%
    Martin, TN (FHA|USDA|VA) 14 $1,400,000 $100,000 $0 0.00%
    Murray, KY (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Union City, TN (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Brownsville, TN (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Carroll Bank And Trust's top markets include Jackson, Paris, Martin, Murray, and Union City among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 317 $22,675,000 $71,530 $0 0.00%

    For 2019, Carroll Bank And Trust's most frequently originated type of loan was Conventional, with 317 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 131 $9,465,000 $72,252 $0 0.00%
    Refi 88 $7,100,000 $80,682 $0 0.00%
    Cash Out Refi 82 $5,400,000 $65,854 $0 0.00%
    Home Improvement 13 $665,000 $51,154 $0 0.00%
    Other 3 $45,000 $15,000 $0 0.00%

    For 2019, Carroll Bank And Trust's most frequently cited loan purpose was Home Purchase, with 131 originations. The 2nd most popular reason was Refi, with 88 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 317 $22,675,000 $71,530 $0 0.00%

    For 2019, Carroll Bank And Trust's most frequently cited loan duration was Other, with 317 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 251 $11,725,000 $46,713 $0 0.00%
    $100k-200k 54 $7,400,000 $137,037 $0 0.00%
    $200k-400k 10 $2,650,000 $265,000 $0 0.00%
    $400k-600k 2 $900,000 $450,000 $0 0.00%

    2019 saw Carroll Bank And Trust place emphasis on $100,000 or less loans with 251 originations, totaling $11,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 94 $5,090,000 $54,149 $0 0.00%
    $50k-75k 68 $4,300,000 $63,235 $0 0.00%
    $75k-100k 40 $4,170,000 $104,250 $0 0.00%
    $150k-250k 28 $2,290,000 $81,786 $0 0.00%
    $100k-150k 26 $2,210,000 $85,000 $0 0.00%
    $250k+ 21 $1,525,000 $72,619 $0 0.00%

    Carroll Bank And Trust lent most frequently to those with incomes in the $50k or less range, with 94 originations. The second most popular income band? $50k-75k, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 317 $22,675,000 $71,530 $0 0.00%

    Carroll Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 317 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 269 $19,415,000 $72,175 $0 0.00%
    Not applicable 36 $2,780,000 $77,222 $0 0.00%
    Black 11 $445,000 $40,455 $0 0.00%
    Asian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.39%

    Carroll Bank And Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    99.05%

    Carroll Bank And Trust has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 317 $22,675,000 $71,530

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $95,000 $95,000
    Single Family (1-4 Units):Manufactured 55 $2,845,000 $51,727
    Single Family (1-4 Units):Site-Built 261 $19,735,000 $75,613

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Carroll Bank and Trust 102 Highway 641 North Camden, TN 38320 Full Service B&M $25,008
    Carroll Bank and Trust 133 East Main Street Bradford, TN 38316 Full Service B&M $31,524
    Carroll Bank and Trust 14950 S Highland Mckenzie, TN 38201 Full Service B&M $38,290
    Carroll Bank and Trust 19510 West Main Street Huntingdon, TN 38344 Full Service B&M $110,993
    Carroll Bank and Trust 20515 East Main Huntingdon, TN 38344 Limited, Drive-thru $0
    Carroll Bank and Trust 4105 South First Street Milan, TN 38358 Full Service B&M $14,549
    Carroll Bank and Trust 5626 Main Street Mc Lemoresville, TN 38235 Full Service B&M $30,134
    Carroll Bank and Trust 902 Mineral Wells Avenue Paris, TN 38242 Full Service B&M $7,425

    For 2019, Carroll Bank And Trust had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,842
    Net interest income $11,559
    Total noninterest income $1,976
    Gross Fiduciary activities income $48
    Service charges on deposit accounts $525
    Trading account gains and fees $0
    Additional Noninterest Income $1,403
    Pre-tax net operating income $3,073
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,301
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,301
    Minority interest net income $0
    Net income $2,301
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,301

    Carroll Bank And Trust's gross interest income from loans was $13,842,000.
    Carroll Bank And Trust's net interest income from loans was $11,559,000.
    Carroll Bank And Trust's fee based income from loans was $525,000.
    Carroll Bank And Trust's net income from loans was $2,301,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,283
    Provision for credit losses $309
    Total noninterest expense $10,153
    Salaries and employee benefits $6,041
    Premises and equipment expense $2,084
    Additional noninterest expense $2,028
    Applicable income taxes $772
    Net charge-offs $116
    Cash dividends $631

    Carroll Bank And Trust's interest expense for loans was $2,283,000.
    Carroll Bank And Trust's payroll and benefits expense were $6,041,000.
    Carroll Bank And Trust's property, plant and equipment expenses $2,084,000.

    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 $274,953
    Deposits held in domestic offices $274,953
    Deposits by Individuals, partnerships, and corporations $233,423
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $41,280
    Deposits by Commercial banks and other depository institutions in U.S. $250
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $109,773
    Demand deposits $54,963
    Nontransaction accounts $165,180
    Money market deposit accounts (MMDAs) $27,986
    Other savings deposits (excluding MMDAs) $23,646
    Total time deposits $113,548
    Total time and savings deposits $219,990
    Noninterest-bearing deposits $54,964
    Interest-bearing deposits $219,989
    Retail deposits $239,837
    IRAs and Keogh plan accounts $17,597
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $306,727
    Cash & Balances due from depository institutions $37,299
    Interest-bearing balances $27,402
    Total securities $25,174
    Federal funds sold & reverse repurchase $600
    Net loans and leases $218,032
    Loan and leases loss allowance $2,203
    Trading account assets $0
    Bank premises and fixed assets $13,401
    Other real estate owned $380
    Goodwill and other intangibles $755
    All other assets $11,086

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $306,727
    Total Liabilities $276,103
    Total deposits $274,953
    Interest-bearing deposits $219,989
    Deposits held in domestic offices $274,953
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $37
    Subordinated debt $0
    All other liabilities $1,113

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $218,032
    Loan and leases loss allowance $2,203
    Total loans and leases (domestic) $220,235
    All real estate loans $174,243
    Real estate loans in domestic offices $174,243
    Construction and development loans $17,039
    Residential 1-4 family construction $5,376
    Other construction, all land development and other land $11,663
    Loans secured by nonfarm nonresidential properties $38,180
    Nonfarm nonresidential secured by owner-occupied properties $24,430
    Commercial real estate & other non-farm, non-residential $13,750
    Multifamily residential real estate $625
    1-4 family residential loans $89,051
    Farmland loans $29,348
    Loans held in foreign offices $0
    Farm loans $6,578
    Commercial and industrial loans $20,680
    To non-U.S. addressees $0
    Loans to individuals $18,047
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $9,289
    Other loans to individuals $8,758
    All other loans & leases $687
    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 $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $780
    Non 1-4 family restructured loans & leases $491
    Total loans and leases (foreign) $0

    Carroll Bank and Trust had $218,032,000 of loans outstanding in 2019. $174,243,000 of loans were in real estate loans. $17,039,000 of loans were in development loans. $625,000 of loans were in multifamily mortgage loans. $89,051,000 of loans were in 1-4 family mortgage loans. $6,578,000 of loans were in farm loans. $0 of loans were in credit card loans. $9,289,000 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 212 $30,159 $142,259
    Nonfarm, nonresidential loans - <$100k 110 $6,313 $57,391
    Nonfarm, nonresidential loans - $100-250k 63 $8,681 $137,794
    Nonfarm, nonresidential loans - $250k-1MM 39 $15,165 $388,846
    Commercial & Industrial, US addressed loans - <$1MM 384 $20,679 $53,852
    Commercial & Industrial, US addressed loans - <$100k 339 $13,771 $40,622
    Commercial & Industrial, US addressed loans - $100-250k 35 $3,591 $102,600
    Commercial & Industrial, US addressed loans - $250k-1MM 10 $3,317 $331,700
    Farmland loans - <$1MM 131 $14,173 $108,191
    Farmland loans - <$100k 67 $2,787 $41,597
    Farmland loans - $100-250k 42 $5,095 $121,310
    Farmland loans - $250k-1MM 22 $6,291 $285,955
    Agriculture operations loans - <$1MM 39 $1,082 $27,744
    Agriculture operations loans - <$100k 39 $1,082 $27,744