Bank Of Edmonson County Mortgage Rates, Fees & Info

Brownsville, KY

LEI: 549300T68H0CMTF8ZH83

Tax ID: 61-0126130

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

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Mortgage Data

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

    Bank Of Edmonson County is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Edmonson County has a high proportion of conventional loans. Their top markets by origination volume include: Bowling Green, Glasgow, and Elizabethtown among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of Edmonson County 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. Bank Of Edmonson County 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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    Originations

    135

    Origination Dollar Volume (All Markets)

    $15,365,000

    Employee count

    50

    Awards

    Bank of Edmonson County 30 Year Conventional Loans gold Bank of Edmonson County 30 Year Conventional Loans gold
    Show all (2) 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
    BOWLING GREEN, KY (FHA|USDA|VA) 118 $13,710,000 $116,186 $1,310 5.76%
    Outside of Metro Areas 7 $965,000 $137,857 $3,463 5.39%
    Glasgow, KY (FHA|USDA|VA) 8 $600,000 $75,000 $999 5.85%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 2 $90,000 $45,000 $1,281 6.38%
    Bank Of Edmonson County's top markets include Bowling Green, Glasgow, and Elizabethtown among others.

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

    • Similar Lenders

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

    Bank of Edmonson County
    Similarity Rank: 104
    Abound Federal Credit Union
    Similarity Rank: 135
    Morgantown Bank & Trust Company, Incorporated
    Similarity Rank: 168
    Edmonton State Bank
    Similarity Rank: 168
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 780
    Independence Bank of Kentucky
    Similarity Rank: 945
    EVANSVILLE TEACHERS
    Similarity Rank: 2028
    Republic State Mortgage Co.
    Similarity Rank: 2680
    JPMorgan Chase Bank
    Similarity Rank: 3456
    ATLANTIC BAY MORTGAGE GROUP, L.L.C.
    Similarity Rank: 5368

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 135 $15,365,000 $113,815 $1,324 5.76%

    For 2018, Bank Of Edmonson County's most frequently originated type of loan was Conventional, with 135 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 80 $10,230,000 $127,875 $1,497 5.63%
    Refi 41 $4,515,000 $110,122 $1,123 5.95%
    Home Improvement 9 $445,000 $49,444 $1,272 5.46%
    Other 5 $175,000 $35,000 $938 6.70%

    For 2018, Bank Of Edmonson County's most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 44 $7,050,000 $160,227 $1,408 5.81%
    5 Year 40 $5,110,000 $127,750 $954 5.45%
    20 Year 20 $1,680,000 $84,000 $1,445 5.88%
    Other 10 $380,000 $38,000 $738 6.08%
    10 Year 9 $285,000 $31,667 $1,018 6.35%
    15 Year 7 $335,000 $47,857 $1,241 5.82%
    1 Year 3 $235,000 $78,333 $1,137 5.61%
    3 Year 2 $290,000 $145,000 $0 5.00%

    For 2018, Bank Of Edmonson County's most frequently cited loan duration was 30 Year, with 44 originations. The 2nd most popular length was 5 Year, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 82 $9,290,000 $113,293

    Bank Of Edmonson County's average total fees were $1,408, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 82 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 90 $10,770,000 $119,667
    6-7% 27 $2,915,000 $107,963
    4-5% 11 $1,335,000 $121,364
    7-8% 5 $165,000 $33,000
    Over 8% 1 $75,000 $75,000
    % 1 $105,000 $105,000

    During 2018, Bank Of Edmonson County's average interest rate for loans was 5.81%, while their most frequently originated rate bucket for loans was 5-6%, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 83 $4,465,000 $53,795 $1,169 5.85%
    $100k-200k 34 $4,940,000 $145,294 $1,465 5.67%
    $200k-400k 14 $4,110,000 $293,571 $1,961 5.51%
    $400k-600k 4 $1,850,000 $462,500 $1,119 5.36%

    2018 saw Bank Of Edmonson County place emphasis on $100,000 or less loans with 83 originations, totaling $4,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 45 $3,075,000 $68,333 $1,259 6.06%
    $50k-75k 31 $2,945,000 $95,000 $1,249 5.70%
    $100k-150k 15 $2,525,000 $168,333 $1,422 5.54%
    $75k-100k 13 $1,325,000 $101,923 $1,345 6.00%
    $150k-250k 9 $2,155,000 $239,444 $1,886 5.61%
    $250k+ 3 $305,000 $101,667 $667 5.90%

    Bank Of Edmonson County lent most frequently to those with incomes in the $50k or less range, with 45 originations. The second most popular income band? $50k-75k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 26 $1,610,000 $61,923 $1,331 5.94%
    30-36% 22 $2,710,000 $123,182 $1,459 5.82%
    <20% 12 $760,000 $63,333 $1,247 5.83%
    50-60% 7 $675,000 $96,429 $1,465 6.00%
    36% 6 $710,000 $118,333 $1,195 5.50%
    41% 6 $520,000 $86,667 $1,217 5.64%
    37% 6 $540,000 $90,000 $1,168 5.44%
    >60% 5 $545,000 $109,000 $727 6.67%
    38% 5 $945,000 $189,000 $1,593 5.70%
    39% 5 $965,000 $193,000 $1,732 5.59%
    40% 3 $685,000 $228,333 $870 5.56%
    45% 3 $435,000 $145,000 $2,128 5.42%
    48% 3 $665,000 $221,667 $108 6.08%
    43% 3 $645,000 $215,000 $1,544 6.09%
    42% 2 $280,000 $140,000 $1,184 6.03%
    46% 2 $290,000 $145,000 $0 5.13%
    49% 1 $195,000 $195,000 $754 5.69%
    47% 1 $85,000 $85,000 $1,187 6.65%

    Bank Of Edmonson County lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? 30-36%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 118 $12,480,000 $105,763 $1,324 5.83%
    Not applicable 16 $2,860,000 $178,750 $0 5.17%
    Asian 1 $25,000 $25,000 $0 6.00%

    Approval Rates

    Total approvals of all applications
    96.82%

    Bank Of Edmonson County 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
    87.41%

    Bank Of Edmonson County has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 135 $15,365,000 $113,815

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $345,000 $345,000
    Multifamily:Site-Built 2 $230,000 $115,000
    Single Family (1-4 Units):Manufactured 26 $1,400,000 $53,846
    Single Family (1-4 Units):Site-Built 106 $13,390,000 $126,321

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $610,000 $43,571 $1,071 6.11%
    40-60% 20 $1,820,000 $91,000 $930 5.61%
    60-80% 54 $6,290,000 $116,481 $1,533 5.65%
    80-100% 39 $6,505,000 $166,795 $1,458 5.71%
    Under 20% 8 $140,000 $17,500 $744 6.44%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    BANK OF HAWAII CORPORATION Other type of mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Edmonson County 109 N Main Street Brownsville, KY 42210 Full Service B&M $140,566
    Bank of Edmonson County 156 South Main Street Smiths Grove, KY 42171 Full Service B&M $6,202
    Bank of Edmonson County 6780 Louisville Rd Bowling Green, KY 42101 Full Service B&M $34,203

    For 2018, Bank Of Edmonson County had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,708
    Net interest income $8,110
    Total noninterest income $984
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $344
    Trading account gains and fees $0
    Additional Noninterest Income $640
    Pre-tax net operating income $3,323
    Securities gains (or losses, -) $-2
    Income before extraordinary items $3,321
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,321
    Minority interest net income $0
    Net income $3,321
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,323

    Bank Of Edmonson County's gross interest income from loans was $9,708,000.
    Bank Of Edmonson County's net interest income from loans was $8,110,000.
    Bank Of Edmonson County's fee based income from loans was $344,000.
    Bank Of Edmonson County's net income from loans was $3,321,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,598
    Provision for credit losses $113
    Total noninterest expense $5,658
    Salaries and employee benefits $2,822
    Premises and equipment expense $673
    Additional noninterest expense $2,163
    Applicable income taxes $0
    Net charge-offs $109
    Cash dividends $3,000

    Bank Of Edmonson County's interest expense for loans was $1,598,000.
    Bank Of Edmonson County's payroll and benefits expense were $2,822,000.
    Bank Of Edmonson County's property, plant and equipment expenses $673,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 6.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $176,774
    Deposits held in domestic offices $176,774
    Deposits by Individuals, partnerships, and corporations $162,187
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $14,587
    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 $56,934
    Demand deposits $35,329
    Nontransaction accounts $119,840
    Money market deposit accounts (MMDAs) $12,443
    Other savings deposits (excluding MMDAs) $16,685
    Total time deposits $90,712
    Total time and savings deposits $141,445
    Noninterest-bearing deposits $36,880
    Interest-bearing deposits $139,894
    Retail deposits $165,253
    IRAs and Keogh plan accounts $19,967
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $212,294
    Cash & Balances due from depository institutions $6,901
    Interest-bearing balances $2,817
    Total securities $38,123
    Federal funds sold & reverse repurchase $0
    Net loans and leases $159,345
    Loan and leases loss allowance $1,603
    Trading account assets $0
    Bank premises and fixed assets $4,655
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $3,270

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $212,294
    Total Liabilities $187,543
    Total deposits $176,774
    Interest-bearing deposits $139,894
    Deposits held in domestic offices $176,774
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $115
    Trading liabilities $0
    Other borrowed funds $9,546
    Subordinated debt $0
    All other liabilities $1,108

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $159,345
    Loan and leases loss allowance $1,603
    Total loans and leases (domestic) $160,948
    All real estate loans $146,749
    Real estate loans in domestic offices $146,749
    Construction and development loans $15,021
    Residential 1-4 family construction $14,217
    Other construction, all land development and other land $804
    Loans secured by nonfarm nonresidential properties $23,697
    Nonfarm nonresidential secured by owner-occupied properties $300
    Commercial real estate & other non-farm, non-residential $23,397
    Multifamily residential real estate $652
    1-4 family residential loans $74,183
    Farmland loans $33,196
    Loans held in foreign offices $0
    Farm loans $1,351
    Commercial and industrial loans $6,031
    To non-U.S. addressees $0
    Loans to individuals $6,725
    Credit card loans $0
    Related Plans $44
    Consumer Auto Loans $3,612
    Other loans to individuals $3,069
    All other loans & leases $92
    Loans to foreign governments and official institutions $0
    Other loans $92
    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 $4,219
    Non 1-4 family restructured loans & leases $2,420
    Total loans and leases (foreign) $0

    Bank of Edmonson County had $159,345,000 of loans outstanding in 2018. $146,749,000 of loans were in real estate loans. $15,021,000 of loans were in development loans. $652,000 of loans were in multifamily mortgage loans. $74,183,000 of loans were in 1-4 family mortgage loans. $1,351,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,612,000 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 93 $14,007 $150,613
    Nonfarm, nonresidential loans - <$100k 41 $1,359 $33,146
    Nonfarm, nonresidential loans - $100-250k 27 $3,212 $118,963
    Nonfarm, nonresidential loans - $250k-1MM 25 $9,436 $377,440
    Commercial & Industrial, US addressed loans - <$1MM 262 $6,031 $23,019
    Commercial & Industrial, US addressed loans - <$100k 248 $3,827 $15,431
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,100 $100,000
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $1,104 $368,000
    Farmland loans - <$1MM 264 $25,343 $95,996
    Farmland loans - <$100k 139 $5,792 $41,669
    Farmland loans - $100-250k 96 $11,604 $120,875
    Farmland loans - $250k-1MM 29 $7,947 $274,034
    Agriculture operations loans - <$1MM 132 $1,351 $10,235
    Agriculture operations loans - <$100k 130 $1,305 $10,038
    Agriculture operations loans - $100-250k 2 $46 $23,000