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 and Cash Out Refi loans. The Cecilian Bank has a high proportion of conventional loans. Their top markets by origination volume include: Elizabethtown, Bowling Green, Glasgow, Louisville, and Lexington among others. We have data for 10 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 about average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    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






    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

    435

    Origination Dollar Volume (All Markets)

    $80,335,000

    Employee count

    254

    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
    Outside of Metro Areas 223 $36,055,000 $161,682 $1,674 4.49%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 171 $35,395,000 $206,988 $1,574 4.26%
    BOWLING GREEN, KY (FHA|USDA|VA) 9 $4,295,000 $477,222 $1,644 4.05%
    Glasgow, KY (FHA|USDA|VA) 19 $1,955,000 $102,895 $2,337 4.12%
    LOUISVILLE, KY (FHA|USDA|VA) 5 $1,685,000 $337,000 $1,898 3.51%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $370,000 $185,000 $0 3.12%
    Richmond-Berea, KY (FHA|USDA|VA) 2 $230,000 $115,000 $0 2.99%
    OWENSBORO, KY (FHA|USDA|VA) 2 $170,000 $85,000 $2,229 6.07%
    Somerset, KY (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.50%
    Campbellsville, KY (FHA|USDA|VA) 1 $55,000 $55,000 $1,344 3.04%
    The Cecilian Bank's top markets include Elizabethtown, Bowling Green, Glasgow, Louisville, and Lexington 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.

    The Cecilian Bank
    Similarity Rank: 280
    Abound Federal Credit Union
    Similarity Rank: 304
    L & N Federal Credit Union
    Similarity Rank: 728
    Stock Yards Bank & Trust Company
    Similarity Rank: 855
    WesBanco
    Similarity Rank: 2268
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 3344
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 3381
    CALIBER HOME LOANS, INC.
    Similarity Rank: 3636
    CLEARPATH LENDING
    Similarity Rank: 5250
    Republic Bank & Trust Company
    Similarity Rank: 5460

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 435 $80,335,000 $184,678 $1,660 4.35%

    For 2021, The Cecilian Bank's most frequently originated type of loan was Conventional, with 435 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 188 $37,840,000 $201,277 $2,005 4.31%
    Cash Out Refi 110 $26,000,000 $236,364 $1,552 4.47%
    Refi 103 $14,595,000 $141,699 $1,310 4.18%
    Other 22 $1,430,000 $65,000 $1,266 4.71%
    Home Improvement 12 $470,000 $39,167 $1,328 4.57%

    For 2021, The Cecilian Bank's most frequently cited loan purpose was Home Purchase, with 188 originations. The 2nd most popular reason was Cash Out Refi, with 110 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 152 $24,730,000 $162,697 $2,034 4.24%
    20 Year 94 $29,710,000 $316,064 $1,746 4.46%
    15 Year 73 $6,685,000 $91,575 $1,497 4.39%
    10 Year 54 $4,160,000 $77,037 $968 4.66%
    Other 47 $14,555,000 $309,681 $1,262 4.01%
    5 Year 14 $470,000 $33,571 $724 4.37%
    3 Year 1 $25,000 $25,000 $0 4.75%

    For 2021, The Cecilian Bank's most frequently cited loan duration was 30 Year, with 152 originations. The 2nd most popular length was 20 Year, with 94 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 253 $27,225,000 $107,609
    $1k-2k 61 $10,155,000 $166,475
    $2k-3k 3 $935,000 $311,667

    The Cecilian Bank's average total fees were $2,034, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 253 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 175 $40,815,000 $233,229
    4-5% 168 $21,210,000 $126,250
    5-6% 45 $3,865,000 $85,889
    6-7% 18 $1,350,000 $75,000
    2.5-3% 14 $12,380,000 $884,286
    7-8% 14 $670,000 $47,857
    % 1 $45,000 $45,000

    During 2021, The Cecilian Bank's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 3-4%, with 175 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 206 $11,730,000 $56,942 $1,285 4.66%
    $100k-200k 134 $18,560,000 $138,507 $1,989 4.25%
    $200k-400k 70 $18,470,000 $263,857 $2,040 3.87%
    $400k-600k 14 $6,650,000 $475,000 $2,489 3.74%
    $1MM+ 7 $21,865,000 $3,123,571 $0 3.43%
    $600k-1MM 4 $3,060,000 $765,000 $0 3.66%

    2021 saw The Cecilian Bank place emphasis on $100,000 or less loans with 206 originations, totaling $11,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 108 $10,930,000 $101,204 $1,663 4.67%
    $50k or less 104 $8,520,000 $81,923 $1,685 4.73%
    $100k-150k 57 $8,615,000 $151,140 $1,521 4.11%
    $75k-100k 57 $8,175,000 $143,421 $1,602 4.28%
    $150k-250k 25 $4,375,000 $175,000 $2,023 4.09%
    $250k+ 16 $2,610,000 $163,125 $1,842 4.26%

    The Cecilian Bank lent most frequently to those with incomes in the $50k-75k range, with 108 originations. The second most popular income band? $50k or less, with 104 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 114 $13,700,000 $120,175 $1,596 4.36%
    30-36% 72 $7,660,000 $106,389 $1,597 4.51%
    <20% 56 $5,560,000 $99,286 $1,630 4.42%
    50-60% 17 $2,055,000 $120,882 $1,908 4.73%
    39% 16 $2,050,000 $128,125 $1,830 4.61%
    40% 14 $1,540,000 $110,000 $1,736 4.43%
    36% 14 $1,950,000 $139,286 $1,841 4.24%
    37% 14 $1,840,000 $131,429 $1,754 4.74%
    >60% 13 $2,125,000 $163,462 $1,838 4.57%
    41% 12 $1,920,000 $160,000 $1,510 5.08%
    42% 8 $570,000 $71,250 $1,035 4.67%
    38% 6 $1,000,000 $166,667 $1,776 3.80%
    45% 6 $620,000 $103,333 $1,793 4.29%
    49% 4 $620,000 $155,000 $2,270 4.18%
    43% 4 $380,000 $95,000 $1,521 4.57%
    47% 3 $405,000 $135,000 $1,633 4.70%
    48% 2 $310,000 $155,000 $2,874 4.12%
    44% 2 $290,000 $145,000 $1,489 3.58%

    The Cecilian Bank lent most frequently to those with DTI ratios of 20-30%, with 114 originations. The next most common DTI ratio? 30-36%, with 72 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 370 $48,910,000 $132,189 $1,639 4.46%
    Not applicable 52 $28,860,000 $555,000 $0 3.59%
    Not provided 3 $1,035,000 $345,000 $2,450 3.82%
    Asian Indian 2 $680,000 $340,000 $3,197 3.41%
    Black 6 $480,000 $80,000 $1,618 4.92%
    Asian 1 $215,000 $215,000 $2,860 3.99%
    Native Hawaiian or Islander 1 $155,000 $155,000 $3,385 4.65%

    Approval Rates

    Total approvals of all applications
    91.97%

    The Cecilian Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.85%

    The Cecilian Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 435 $80,335,000 $184,678

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    435 $80,335,000 $184,678

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 49 $3,325,000 $67,857 $1,236 4.52%
    40-60% 84 $9,900,000 $117,857 $1,734 4.56%
    60-80% 181 $48,045,000 $265,442 $1,897 4.25%
    80-100% 86 $17,170,000 $199,651 $1,909 4.16%
    Over 100% 1 $65,000 $65,000 $0 4.25%
    Under 20% 29 $1,655,000 $57,069 $579 4.63%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Cecilian Bank 1021 South Main Street Hartford, KY 42347 Full Service B&M $59,335
    The Cecilian Bank 104 East Main Cecilia, KY 42724 Full Service B&M $71,378
    The Cecilian Bank 11 East Hiseville Main Street Hiseville, KY 42152 Full Service B&M $21,140
    The Cecilian Bank 1119 Old Highway 60 East Hardinsburg, KY 40143 Full Service B&M $134,268
    The Cecilian Bank 1211 Hwy 60 East Irvington, KY 40146 Full Service B&M $24,169
    The Cecilian Bank 1625 Elizabethtown Road Leitchfield, KY 42754 Full Service B&M $137,501
    The Cecilian Bank 1808 North Dixie Elizabethtown, KY 42701 Full Service B&M $149,831
    The Cecilian Bank 227 W. Dixie Avenue Elizabethtown, KY 42701 Full Service B&M $5,537
    The Cecilian Bank 235 East Western Avenue Sonora, KY 42776 Full Service B&M $32,992
    The Cecilian Bank 245 North Dixie Boulevard Radcliff, KY 40160 Full Service B&M $29,035
    The Cecilian Bank 2920 Ring Road Elizabethtown, KY 42701 Full Service B&M $53,375
    The Cecilian Bank 302 Bypass Road Brandenburg, KY 40108 Full Service B&M $43,121
    The Cecilian Bank 3460 Leitchfield Road Cecilia, KY 42724 Full Service B&M $81,334
    The Cecilian Bank 402 South Main Street Leitchfield, KY 42754 Full Service B&M $21,959
    The Cecilian Bank 536 Highland Avenue Vine Grove, KY 40175 Full Service B&M $56,278
    The Cecilian Bank 6151 Rineyville Road Rineyville, KY 40162 Full Service B&M $30,460
    The Cecilian Bank 76 Public Square Leitchfield, KY 42754 Full Service B&M $96,315
    The Cecilian Bank 925 Main Street Munfordville, KY 42765 Full Service B&M $52,886

    For 2021, The Cecilian Bank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $45,325
    Net interest income $39,752
    Total noninterest income $8,633
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,523
    Trading account gains and fees $0
    Additional Noninterest Income $6,110
    Pre-tax net operating income $20,711
    Securities gains (or losses, -) $113
    Income before extraordinary items $16,420
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,420
    Minority interest net income $0
    Net income $16,420
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $16,330

    The Cecilian Bank's gross interest income from loans was $45,325,000.
    The Cecilian Bank's net interest income from loans was $39,752,000.
    The Cecilian Bank's fee based income from loans was $2,523,000.
    The Cecilian Bank's net income from loans was $16,420,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,573
    Provision for credit losses $-411
    Total noninterest expense $28,085
    Salaries and employee benefits $15,895
    Premises and equipment expense $3,354
    Additional noninterest expense $8,836
    Applicable income taxes $4,404
    Net charge-offs $185
    Cash dividends $0

    The Cecilian Bank's interest expense for loans was $5,573,000.
    The Cecilian Bank's payroll and benefits expense were $15,895,000.
    The Cecilian Bank's property, plant and equipment expenses $3,354,000.

    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 0.2%
    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 $1,119,510
    Deposits held in domestic offices $1,119,510
    Deposits by Individuals, partnerships, and corporations $982,597
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $130,703
    Deposits by Commercial banks and other depository institutions in U.S. $6,209
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $638,791
    Demand deposits $227,406
    Nontransaction accounts $480,718
    Money market deposit accounts (MMDAs) $62,600
    Other savings deposits (excluding MMDAs) $132,423
    Total time deposits $285,695
    Total time and savings deposits $892,103
    Noninterest-bearing deposits $233,116
    Interest-bearing deposits $886,394
    Retail deposits $1,041,963
    IRAs and Keogh plan accounts $64,059
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,384,857
    Cash & Balances due from depository institutions $55,977
    Interest-bearing balances $36,050
    Total securities $481,431
    Federal funds sold & reverse repurchase $24,676
    Net loans and leases $774,967
    Loan and leases loss allowance $9,200
    Trading account assets $0
    Bank premises and fixed assets $21,080
    Other real estate owned $0
    Goodwill and other intangibles $10,634
    All other assets $16,092

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,384,857
    Total Liabilities $1,249,963
    Total deposits $1,119,510
    Interest-bearing deposits $886,394
    Deposits held in domestic offices $1,119,510
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $80,633
    Trading liabilities $0
    Other borrowed funds $45,109
    Subordinated debt $0
    All other liabilities $4,711

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $774,967
    Loan and leases loss allowance $9,200
    Total loans and leases (domestic) $784,167
    All real estate loans $651,524
    Real estate loans in domestic offices $651,524
    Construction and development loans $36,822
    Residential 1-4 family construction $15,341
    Other construction, all land development and other land $21,481
    Loans secured by nonfarm nonresidential properties $246,738
    Nonfarm nonresidential secured by owner-occupied properties $97,332
    Commercial real estate & other non-farm, non-residential $149,406
    Multifamily residential real estate $34,849
    1-4 family residential loans $252,589
    Farmland loans $80,526
    Loans held in foreign offices $0
    Farm loans $18,385
    Commercial and industrial loans $58,755
    To non-U.S. addressees $0
    Loans to individuals $53,008
    Credit card loans $1,985
    Related Plans $16,692
    Consumer Auto Loans $15,202
    Other loans to individuals $19,129
    All other loans & leases $3,164
    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 $4,598
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,438
    Non 1-4 family restructured loans & leases $1,379
    Total loans and leases (foreign) $0

    The Cecilian Bank had $774,967,000 of loans outstanding in 2021. $651,524,000 of loans were in real estate loans. $36,822,000 of loans were in development loans. $34,849,000 of loans were in multifamily mortgage loans. $252,589,000 of loans were in 1-4 family mortgage loans. $18,385,000 of loans were in farm loans. $1,985,000 of loans were in credit card loans. $15,202,000 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 376 $73,065 $194,322
    Nonfarm, nonresidential loans - <$100k 107 $4,469 $41,766
    Nonfarm, nonresidential loans - $100-250k 132 $17,268 $130,818
    Nonfarm, nonresidential loans - $250k-1MM 137 $51,328 $374,657
    Commercial & Industrial, US addressed loans - <$1MM 782 $36,359 $46,495
    Commercial & Industrial, US addressed loans - <$100k 641 $16,855 $26,295
    Commercial & Industrial, US addressed loans - $100-250k 94 $8,428 $89,660
    Commercial & Industrial, US addressed loans - $250k-1MM 47 $11,076 $235,660
    Farmland loans - <$1MM 466 $47,996 $102,996
    Farmland loans - <$100k 199 $9,019 $45,322
    Farmland loans - $100-250k 187 $21,443 $114,668
    Farmland loans - $250k-1MM 80 $17,534 $219,175
    Agriculture operations loans - <$1MM 431 $13,940 $32,343
    Agriculture operations loans - <$100k 383 $7,892 $20,606
    Agriculture operations loans - $100-250k 33 $3,462 $104,909
    Agriculture operations loans - $250k-1MM 15 $2,586 $172,400