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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    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% 4/14/24
    30 Year Conventional Purchase 6.91% 4/14/24
    30 Year Conventional Refi 7.03% 4/14/24
    30 Year Cash-out Refi 7.56% 4/14/24
    30 Year FHA Purchase 6.27% 4/14/24
    30 Year VA Purchase 6.27% 4/14/24
    30 Year USDA Purchase 6.27% 4/14/24
    15 Year Conventional Purchase 6.57% 4/14/24
    15 Year Conventional Refi 6.78% 4/14/24
    15 Year Cash-out Refi 6.78% 4/14/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    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 The Cecilian Bank 30 Year Conventional Loans gold 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.

    Abound Federal Credit Union
    Similarity Rank: 96
    The Cecilian Bank
    Similarity Rank: 102
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 690
    WesBanco
    Similarity Rank: 1470
    STOCKTON MORTGAGE CORPORATION
    Similarity Rank: 1885
    Republic Bank & Trust Company
    Similarity Rank: 2080
    Commonwealth Bank and Trust Company
    Similarity Rank: 2193
    JPMorgan Chase Bank
    Similarity Rank: 4330
    HOME POINT FINANCIAL CORPORATION
    Similarity Rank: 5912
    Century Mortgage Company DBA Century Lending Company
    Similarity Rank: 8280

    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