The Cecilian Bank Mortgage Rates, Fees & Info

Cecilia, KY

LEI: 549300S2RLEOF6WG7P87

Tax ID: 61-0153205

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

Review & Overview

The Cecilian Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. The Cecilian Bank has a high proportion of conventional loans. Their top markets by origination volume include: Elizabethtown, Louisville, Bowling Green, London, and Owensboro among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Cecilian Bank 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. The Cecilian Bank 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 relatively high 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
Home Equity Line of Credit (HELOC)	6.27%	12/16/24
30 Year Conventional Purchase	6.91%	12/16/24
30 Year Conventional Refi	7.03%	12/16/24
30 Year Cash-out Refi	7.56%	12/16/24
30 Year FHA Purchase	6.27%	12/16/24
30 Year VA Purchase	6.27%	12/16/24
30 Year USDA Purchase	6.27%	12/16/24
15 Year Conventional Purchase	6.57%	12/16/24
15 Year Conventional Refi	6.78%	12/16/24
15 Year Cash-out Refi	6.78%	12/16/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

The Cecilian Bank Mortgage Calculator

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This is not an official calculator from The Cecilian Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

406

Origination Dollar Volume (All Markets)

$45,410,000

Employee count

227

Awards

The Cecilian Bank 30 Year Conventional Loans gold

Show all (3) 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
ELIZABETHTOWN-FORT KNOX, KY (FHA\|USDA\|VA)	198	$25,250,000	$127,525	$1,650	5.55%
Outside of Metro Areas	192	$16,610,000	$86,510	$1,485	5.78%
LOUISVILLE, KY (FHA\|USDA\|VA)	6	$1,870,000	$311,667	$2,462	4.77%
BOWLING GREEN, KY (FHA\|USDA\|VA)	8	$1,190,000	$148,750	$1,877	5.13%
London, KY (FHA\|USDA\|VA)	1	$455,000	$455,000	$0	4.25%
OWENSBORO, KY (FHA\|USDA\|VA)	1	$35,000	$35,000	$1,631	6.75%

The Cecilian Bank's top markets include Elizabethtown, Louisville, Bowling Green, London, and Owensboro among others.

Their top states include:

Kentucky (FHA|USDA|VA)

Similar Lenders

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

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	406	$45,410,000	$111,847	$1,583	5.64%

For 2019, The Cecilian Bank's most frequently originated type of loan was Conventional, with 406 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	151	$20,135,000	$133,344	$1,863	5.62%
Cash Out Refi	119	$13,545,000	$113,824	$1,551	5.64%
Refi	107	$10,355,000	$96,776	$1,346	5.59%
Other	27	$1,275,000	$47,222	$1,136	5.82%
Home Improvement	2	$100,000	$50,000	$0	6.94%

For 2019, The Cecilian Bank's most frequently cited loan purpose was Home Purchase, with 151 originations. The 2nd most popular reason was Cash Out Refi, with 119 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	125	$18,405,000	$147,240	$2,042	5.20%
20 Year	83	$11,205,000	$135,000	$1,702	5.77%
10 Year	79	$4,675,000	$59,177	$991	5.98%
Other	55	$5,965,000	$108,455	$1,006	5.75%
15 Year	51	$4,885,000	$95,784	$1,658	5.67%
5 Year	13	$275,000	$21,154	$746	6.28%

For 2019, The Cecilian Bank's most frequently cited loan duration was 30 Year, with 125 originations. The 2nd most popular length was 20 Year, with 83 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	241	$20,475,000	$84,959
$1k-2k	58	$8,290,000	$142,931
$2k-3k	3	$1,095,000	$365,000
$3k-4k	1	$585,000	$585,000

The Cecilian Bank's average total fees were $2,042, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 241 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
5-6%	187	$18,395,000	$98,369
4-5%	121	$20,585,000	$170,124
6-7%	54	$3,830,000	$70,926
7-8%	31	$1,455,000	$46,935
Over 8%	8	$130,000	$16,250
3-4%	5	$1,015,000	$203,000

During 2019, The Cecilian Bank's average interest rate for loans was 5.20%, while their most frequently originated rate bucket for loans was 5-6%, with 187 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	247	$12,945,000	$52,409	$1,279	5.95%
$100k-200k	107	$15,205,000	$142,103	$1,943	5.24%
$200k-400k	42	$11,190,000	$266,429	$2,181	4.97%
$400k-600k	6	$2,850,000	$475,000	$4,945	4.77%
$600k-1MM	3	$2,215,000	$738,333	$0	4.63%
$1MM+	1	$1,005,000	$1,005,000	$0	5.75%

2019 saw The Cecilian Bank place emphasis on $100,000 or less loans with 247 originations, totaling $12,945,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	107	$10,015,000	$93,598	$1,653	5.82%
$50k or less	107	$6,705,000	$62,664	$1,420	5.85%
$100k-150k	64	$8,540,000	$133,438	$1,698	5.47%
$75k-100k	50	$5,390,000	$107,800	$1,651	5.63%
$150k-250k	22	$3,120,000	$141,818	$2,006	5.23%
$250k+	13	$2,005,000	$154,231	$2,666	5.17%

The Cecilian Bank lent most frequently to those with incomes in the $50k-75k range, with 107 originations. The second most popular income band? $50k or less, with 107 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	99	$10,405,000	$105,101	$1,569	5.54%
<20%	64	$4,300,000	$67,188	$1,379	5.55%
30-36%	63	$6,595,000	$104,683	$1,703	5.77%
>60%	24	$3,190,000	$132,917	$2,161	5.66%
41%	22	$2,120,000	$96,364	$1,575	5.78%
40%	16	$1,680,000	$105,000	$1,790	5.84%
50-60%	14	$1,730,000	$123,571	$1,534	5.88%
36%	13	$1,145,000	$88,077	$1,462	5.83%
42%	12	$1,210,000	$100,833	$1,552	5.86%
37%	10	$970,000	$97,000	$1,568	5.87%
39%	9	$1,015,000	$112,778	$1,973	5.39%
38%	9	$815,000	$90,556	$1,677	6.00%
44%	5	$765,000	$153,000	$1,386	4.80%
43%	4	$400,000	$100,000	$1,061	5.87%
46%	4	$280,000	$70,000	$467	5.38%
47%	3	$145,000	$48,333	$1,244	6.71%
49%	2	$290,000	$145,000	$824	5.00%
48%	1	$15,000	$15,000	$1,431	5.75%
45%	1	$45,000	$45,000	$0	5.38%

The Cecilian Bank lent most frequently to those with DTI ratios of 20-30%, with 99 originations. The next most common DTI ratio? <20%, with 64 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	373	$36,165,000	$96,957	$1,569	5.67%
Not applicable	30	$8,260,000	$275,333	$0	5.32%
Black	2	$560,000	$280,000	$1,063	5.37%
Other Asian	1	$425,000	$425,000	$6,393	4.75%

Approval Rates

Total approvals of all applications
93.35%

The Cecilian Bank has an average approval rate.

Pick Rate

Approvals leading to origination
86.70%

The Cecilian Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	406	$45,410,000	$111,847

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	5	$1,665,000	$333,000
Multifamily:Site-Built	15	$5,655,000	$377,000
Single Family (1-4 Units):Manufactured	54	$2,630,000	$48,704
Single Family (1-4 Units):Site-Built	332	$35,460,000	$106,807

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	41	$2,085,000	$50,854	$1,028	5.99%
40-60%	57	$5,325,000	$93,421	$1,752	5.66%
60-80%	147	$17,555,000	$119,422	$1,852	5.52%
80-100%	103	$16,705,000	$162,184	$1,839	5.44%
Over 100%	4	$1,280,000	$320,000	$2,093	5.56%
Under 20%	32	$830,000	$25,938	$356	6.48%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
The Cecilian Bank	104 East Main Cecilia, KY 42724	Full Service B&M	$61,183
The Cecilian Bank	1119 Old Highway 60 East Hardinsburg, KY 40143	Full Service B&M	$96,726
The Cecilian Bank	1211 Hwy 60 East Irvington, KY 40146	Full Service B&M	$15,795
The Cecilian Bank	1625 Elizabethtown Road Leitchfield, KY 42754	Full Service B&M	$97,799
The Cecilian Bank	1808 North Dixie Elizabethtown, KY 42701	Full Service B&M	$98,602
The Cecilian Bank	222 South Main Street Hardinsburg, KY 40143	Full Service B&M	$7,770
The Cecilian Bank	235 East Western Avenue Sonora, KY 42776	Full Service B&M	$25,577
The Cecilian Bank	245 North Dixie Boulevard Radcliff, KY 40160	Full Service B&M	$18,108
The Cecilian Bank	2920 Ring Road Elizabethtown, KY 42701	Full Service B&M	$38,066
The Cecilian Bank	302 Bypass Road Brandenburg, KY 40108	Full Service B&M	$31,268
The Cecilian Bank	3460 Leitchfield Road Cecilia, KY 42724	Full Service B&M	$53,434
The Cecilian Bank	402 South Main Street Leitchfield, KY 42754	Full Service B&M	$19,207
The Cecilian Bank	536 Highland Avenue Vine Grove, KY 40175	Full Service B&M	$45,931
The Cecilian Bank	6151 Rineyville Road Rineyville, KY 40162	Full Service B&M	$28,007
The Cecilian Bank	76 Public Square Leitchfield, KY 42754	Full Service B&M	$81,325

For 2019, The Cecilian Bank had 15 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$36,392
Net interest income	$30,542
Total noninterest income	$6,703
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$2,797
Trading account gains and fees	$0
Additional Noninterest Income	$3,906
Pre-tax net operating income	$13,962
Securities gains (or losses, -)	$0
Income before extraordinary items	$12,324
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$12,324
Minority interest net income	$0
Net income	$12,324
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$12,324

The Cecilian Bank's gross interest income from loans was $36,392,000.
The Cecilian Bank's net interest income from loans was $30,542,000.
The Cecilian Bank's fee based income from loans was $2,797,000.
The Cecilian Bank's net income from loans was $12,324,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$5,850
Provision for credit losses	$300
Total noninterest expense	$22,983
Salaries and employee benefits	$12,583
Premises and equipment expense	$2,726
Additional noninterest expense	$7,674
Applicable income taxes	$1,638
Net charge-offs	$-531
Cash dividends	$10,075

The Cecilian Bank's interest expense for loans was $5,850,000.
The Cecilian Bank's payroll and benefits expense were $12,583,000.
The Cecilian Bank's property, plant and equipment expenses $2,726,000.

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	0.3%
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	$739,211
Deposits held in domestic offices	$739,211
Deposits by Individuals, partnerships, and corporations	$620,437
Deposits by U.S. Government	$1,265
Deposits by States and political subdivisions in the U.S.	$117,509
Deposits by Commercial banks and other depository institutions in U.S.	$0
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$427,895
Demand deposits	$119,368
Nontransaction accounts	$311,316
Money market deposit accounts (MMDAs)	$40,977
Other savings deposits (excluding MMDAs)	$71,327
Total time deposits	$199,012
Total time and savings deposits	$619,843
Noninterest-bearing deposits	$121,995
Interest-bearing deposits	$617,216
Retail deposits	$685,870
IRAs and Keogh plan accounts	$47,836
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$935,868
Cash & Balances due from depository institutions	$47,075
Interest-bearing balances	$6,651
Total securities	$219,022
Federal funds sold & reverse repurchase	$44,774
Net loans and leases	$593,080
Loan and leases loss allowance	$9,574
Trading account assets	$0
Bank premises and fixed assets	$18,741
Other real estate owned	$0
Goodwill and other intangibles	$1,074
All other assets	$12,102

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$935,869
Total Liabilities	$838,816
Total deposits	$739,211
Interest-bearing deposits	$617,216
Deposits held in domestic offices	$739,211
% insured (estimated)	$76
Federal funds purchased and repurchase agreements	$45,762
Trading liabilities	$0
Other borrowed funds	$48,371
Subordinated debt	$0
All other liabilities	$5,472

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$593,080
Loan and leases loss allowance	$9,574
Total loans and leases (domestic)	$602,654
All real estate loans	$506,650
Real estate loans in domestic offices	$506,650
Construction and development loans	$42,390
Residential 1-4 family construction	$12,109
Other construction, all land development and other land	$30,281
Loans secured by nonfarm nonresidential properties	$206,098
Nonfarm nonresidential secured by owner-occupied properties	$93,061
Commercial real estate & other non-farm, non-residential	$113,037
Multifamily residential real estate	$16,815
1-4 family residential loans	$191,987
Farmland loans	$49,360
Loans held in foreign offices	$0
Farm loans	$8,187
Commercial and industrial loans	$45,385
To non-U.S. addressees	$0
Loans to individuals	$40,776
Credit card loans	$1,380
Related Plans	$11,784
Consumer Auto Loans	$10,482
Other loans to individuals	$17,130
All other loans & leases	$1,656
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	$6,210
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$789
Non 1-4 family restructured loans & leases	$598
Total loans and leases (foreign)	$0

The Cecilian Bank had $593,080,000 of loans outstanding in 2019. $506,650,000 of loans were in real estate loans. $42,390,000 of loans were in development loans. $16,815,000 of loans were in multifamily mortgage loans. $191,987,000 of loans were in 1-4 family mortgage loans. $8,187,000 of loans were in farm loans. $1,380,000 of loans were in credit card loans. $10,482,000 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	364	$72,508	$199,198
Nonfarm, nonresidential loans - <$100k	123	$4,923	$40,024
Nonfarm, nonresidential loans - $100-250k	105	$14,056	$133,867
Nonfarm, nonresidential loans - $250k-1MM	136	$53,529	$393,596
Commercial & Industrial, US addressed loans - <$1MM	553	$24,883	$44,996
Commercial & Industrial, US addressed loans - <$100k	440	$9,989	$22,702
Commercial & Industrial, US addressed loans - $100-250k	75	$6,190	$82,533
Commercial & Industrial, US addressed loans - $250k-1MM	38	$8,704	$229,053
Farmland loans - <$1MM	275	$29,347	$106,716
Farmland loans - <$100k	138	$5,925	$42,935
Farmland loans - $100-250k	99	$13,028	$131,596
Farmland loans - $250k-1MM	38	$10,394	$273,526
Agriculture operations loans - <$1MM	250	$7,866	$31,464
Agriculture operations loans - <$100k	226	$5,059	$22,385
Agriculture operations loans - $100-250k	19	$1,674	$88,105
Agriculture operations loans - $250k-1MM	5	$1,133	$226,600