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 two markets are Bowling Green and Glasgow .

    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.

    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

    109

    Origination Dollar Volume (All Markets)

    $15,835,000

    Employee count

    48

    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) 94 $13,620,000 $144,894 $0 0.00%
    Outside of Metro Areas 9 $1,675,000 $186,111 $0 0.00%
    Glasgow, KY (FHA|USDA|VA) 6 $540,000 $90,000 $0 0.00%
    Bank Of Edmonson County's top markets include Bowling Green and Glasgow 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.

    SERVICE ONE
    Similarity Rank: 132
    Morgantown Bank & Trust Company, Incorporated
    Similarity Rank: 190
    Edmonton State Bank
    Similarity Rank: 279
    Abound Federal Credit Union
    Similarity Rank: 368
    The Monticello Banking Company
    Similarity Rank: 665
    Independence Bank of Kentucky
    Similarity Rank: 1184
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 1449
    German American Bank
    Similarity Rank: 1598
    LAKEVIEW LOAN SERVICING, LLC
    Similarity Rank: 4265
    Republic State Mortgage Co.
    Similarity Rank: 5355

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 109 $15,835,000 $145,275 $0 0.00%

    For 2021, Bank Of Edmonson County's most frequently originated type of loan was Conventional, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 68 $8,990,000 $132,206 $0 0.00%
    Refi 31 $6,405,000 $206,613 $0 0.00%
    Home Improvement 5 $285,000 $57,000 $0 0.00%
    Other 5 $155,000 $31,000 $0 0.00%

    For 2021, Bank Of Edmonson County's most frequently cited loan purpose was Home Purchase, with 68 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 109 $15,835,000 $145,275 $0 0.00%

    For 2021, Bank Of Edmonson County's most frequently cited loan duration was Other, with 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 57 $3,125,000 $54,825 $0 0.00%
    $100k-200k 34 $4,790,000 $140,882 $0 0.00%
    $200k-400k 17 $4,655,000 $273,824 $0 0.00%
    $1MM+ 1 $3,265,000 $3,265,000 $0 0.00%

    2021 saw Bank Of Edmonson County place emphasis on $100,000 or less loans with 57 originations, totaling $3,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 28 $2,170,000 $77,500 $0 0.00%
    $50k-75k 24 $2,490,000 $103,750 $0 0.00%
    $100k-150k 17 $2,385,000 $140,294 $0 0.00%
    $75k-100k 14 $1,620,000 $115,714 $0 0.00%
    $150k-250k 8 $1,220,000 $152,500 $0 0.00%
    $250k+ 3 $785,000 $261,667 $0 0.00%

    Bank Of Edmonson County lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $50k-75k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 109 $15,835,000 $145,275 $0 0.00%

    Bank Of Edmonson County lent most frequently to those with DTI ratios of Exempt%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 93 $10,445,000 $112,312 $0 0.00%
    Not applicable 13 $4,905,000 $377,308 $0 0.00%
    Black 3 $485,000 $161,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.38%

    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
    86.24%

    Bank Of Edmonson County has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 109 $15,835,000 $145,275

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    109 $15,835,000 $145,275

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    BANK OF HAWAII CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    BANK OF HAWAII CORPORATION Conventional home mortgage Closing on a mortgage 1 33.3%
    BANK OF HAWAII CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 33.3%

    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 $157,603
    Bank of Edmonson County 156 South Main Street Smiths Grove, KY 42171 Full Service B&M $12,507
    Bank of Edmonson County 6780 Louisville Rd Bowling Green, KY 42101 Full Service B&M $44,925

    For 2021, Bank Of Edmonson County had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,288
    Net interest income $7,467
    Total noninterest income $1,474
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $224
    Trading account gains and fees $0
    Additional Noninterest Income $1,250
    Pre-tax net operating income $3,495
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,495
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,495
    Minority interest net income $0
    Net income $3,495
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,495

    Bank Of Edmonson County's gross interest income from loans was $9,288,000.
    Bank Of Edmonson County's net interest income from loans was $7,467,000.
    Bank Of Edmonson County's fee based income from loans was $224,000.
    Bank Of Edmonson County's net income from loans was $3,495,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,821
    Provision for credit losses $51
    Total noninterest expense $5,395
    Salaries and employee benefits $2,964
    Premises and equipment expense $574
    Additional noninterest expense $1,857
    Applicable income taxes $0
    Net charge-offs $-45
    Cash dividends $3,000

    Bank Of Edmonson County's interest expense for loans was $1,821,000.
    Bank Of Edmonson County's payroll and benefits expense were $2,964,000.
    Bank Of Edmonson County's property, plant and equipment expenses $574,000.

    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 1.0%
    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 $218,942
    Deposits held in domestic offices $218,942
    Deposits by Individuals, partnerships, and corporations $205,804
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,138
    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 $77,628
    Demand deposits $53,145
    Nontransaction accounts $141,314
    Money market deposit accounts (MMDAs) $16,065
    Other savings deposits (excluding MMDAs) $27,596
    Total time deposits $97,652
    Total time and savings deposits $165,797
    Noninterest-bearing deposits $54,419
    Interest-bearing deposits $164,523
    Retail deposits $200,889
    IRAs and Keogh plan accounts $24,477
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $254,613
    Cash & Balances due from depository institutions $8,840
    Interest-bearing balances $4,318
    Total securities $81,429
    Federal funds sold & reverse repurchase $725
    Net loans and leases $153,248
    Loan and leases loss allowance $1,630
    Trading account assets $0
    Bank premises and fixed assets $4,087
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $6,284

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $254,613
    Total Liabilities $228,616
    Total deposits $218,942
    Interest-bearing deposits $164,523
    Deposits held in domestic offices $218,942
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $8,920
    Subordinated debt $0
    All other liabilities $754

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $153,248
    Loan and leases loss allowance $1,630
    Total loans and leases (domestic) $154,878
    All real estate loans $143,686
    Real estate loans in domestic offices $143,686
    Construction and development loans $20,005
    Residential 1-4 family construction $14,607
    Other construction, all land development and other land $5,398
    Loans secured by nonfarm nonresidential properties $31,036
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $31,036
    Multifamily residential real estate $2,968
    1-4 family residential loans $63,435
    Farmland loans $26,242
    Loans held in foreign offices $0
    Farm loans $884
    Commercial and industrial loans $4,426
    To non-U.S. addressees $0
    Loans to individuals $5,797
    Credit card loans $0
    Related Plans $35
    Consumer Auto Loans $3,058
    Other loans to individuals $2,704
    All other loans & leases $85
    Loans to foreign governments and official institutions $0
    Other loans $85
    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 $1,104
    Non 1-4 family restructured loans & leases $604
    Total loans and leases (foreign) $0

    Bank of Edmonson County had $153,248,000 of loans outstanding in 2021. $143,686,000 of loans were in real estate loans. $20,005,000 of loans were in development loans. $2,968,000 of loans were in multifamily mortgage loans. $63,435,000 of loans were in 1-4 family mortgage loans. $884,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,058,000 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 82 $16,952 $206,732
    Nonfarm, nonresidential loans - <$100k 24 $1,029 $42,875
    Nonfarm, nonresidential loans - $100-250k 26 $3,070 $118,077
    Nonfarm, nonresidential loans - $250k-1MM 32 $12,853 $401,656
    Commercial & Industrial, US addressed loans - <$1MM 189 $4,426 $23,418
    Commercial & Industrial, US addressed loans - <$100k 177 $2,731 $15,429
    Commercial & Industrial, US addressed loans - $100-250k 10 $940 $94,000
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $755 $377,500
    Farmland loans - <$1MM 223 $22,765 $102,085
    Farmland loans - <$100k 131 $7,300 $55,725
    Farmland loans - $100-250k 69 $7,846 $113,710
    Farmland loans - $250k-1MM 23 $7,619 $331,261
    Agriculture operations loans - <$1MM 97 $884 $9,113
    Agriculture operations loans - <$100k 96 $884 $9,208
    Agriculture operations loans - $100-250k 1 $0 $0