Wilson & Muir Bank & Trust Company Mortgage Rates, Fees & Info

Bardstown, KY

LEI: 549300TMWSYX6B5ZOK69

Tax ID: 61-0288090

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Wilson & Muir Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Wilson & Muir Bank & Trust Company has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Louisville/jefferson County, Elizabethtown, Bardstown, Lexington, and Bowling Green among others. Wilson & Muir Bank & Trust Company has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors.


Originations

639

Origination Dollar Volume (All Markets)

$122,555,000

Employee count

134

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 192 $43,060,000 $224,271 $0 0.00%
Outside of Metro Areas 193 $31,305,000 $162,202 $0 0.00%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 112 $20,750,000 $185,268 $0 0.00%
Bardstown, KY (FHA|USDA|VA) 101 $19,165,000 $189,752 $0 0.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 12 $2,750,000 $229,167 $0 0.00%
BOWLING GREEN, KY (FHA|USDA|VA) 14 $2,310,000 $165,000 $0 0.00%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $750,000 $375,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
Frankfort, KY (FHA|USDA|VA) 3 $495,000 $165,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
Central City, KY (FHA|USDA|VA) 3 $305,000 $101,667 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Danville, KY (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
London, KY (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Campbellsville, KY (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%

Wilson & Muir Bank & Trust Company's top markets include Louisville/jefferson County, Elizabethtown, Bardstown, Lexington, and Bowling Green among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 591 $114,895,000 $194,408 $0 0.00%
USDA 21 $2,955,000 $140,714 $0 0.00%
VA 14 $2,720,000 $194,286 $0 0.00%
FHA 13 $1,985,000 $152,692 $0 0.00%

For the 2021 period, Wilson & Muir Bank & Trust Company's most frequently originated loan type of loans were Conventional, with 591 originations. Their 2nd most popular type is USDA, with 21 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 288 $54,490,000 $189,201 $0 0.00%
Refi 217 $42,325,000 $195,046 $0 0.00%
Cash Out Refi 76 $14,700,000 $193,421 $0 0.00%
Other 53 $10,255,000 $193,491 $0 0.00%
Home Improvement 5 $785,000 $157,000 $0 0.00%

For the 2021, Wilson & Muir Bank & Trust Company's most frequently cited loan purpose of loans were Home Purchase, with 288 originations. The 2nd most popular reason of loans were Refi, with 217 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 639 $122,555,000 $191,792 $0 0.00%

For the 2021, Wilson & Muir Bank & Trust Company's most frequently cited loan length of loans were Other, with 639 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 297 $43,245,000 $145,606 $0 0.00%
$200k-400k 192 $52,000,000 $270,833 $0 0.00%
$100,000 or less 116 $7,950,000 $68,534 $0 0.00%
$400k-600k 26 $12,540,000 $482,308 $0 0.00%
$600k-1MM 6 $4,460,000 $743,333 $0 0.00%
$1MM+ 2 $2,360,000 $1,180,000 $0 0.00%

2021 saw Wilson & Muir Bank & Trust Company place emphasis on $100k-200k loans with 297 originations, totaling $43,245,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 146 $17,900,000 $122,603 $0 0.00%
$50k-75k 111 $18,695,000 $168,423 $0 0.00%
$100k-150k 95 $20,795,000 $218,895 $0 0.00%
$75k-100k 78 $13,130,000 $168,333 $0 0.00%
$150k-250k 62 $17,820,000 $287,419 $0 0.00%
$250k+ 33 $10,995,000 $333,182 $0 0.00%

Wilson & Muir Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 146 originations. The second most popular income band? $50k-75k, with 111 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 639 $122,555,000 $191,792 $0 0.00%

Wilson & Muir Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 639 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 536 $102,470,000 $191,175 $0 0.00%
Not applicable 79 $15,045,000 $190,443 $0 0.00%
Not provided 11 $2,665,000 $242,273 $0 0.00%
Black 10 $1,450,000 $145,000 $0 0.00%
Asian 2 $580,000 $290,000 $0 0.00%
Filipino 1 $345,000 $345,000 $0 0.00%

Approval Rates

Total approvals of all applications
96.19%

Wilson & Muir Bank & Trust Company 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
90.80%

Wilson & Muir Bank & Trust Company has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 639 $122,555,000 $191,792

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
639 $122,555,000 $191,792

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
WALLICK AND VOLK, INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
WALLICK AND VOLK, INC VA mortgage Closing on a mortgage 1 50.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Wilson & Muir Bank & Trust Company 101 Culpeper Ave Bardstown, KY 40004 Full Service B&M $8,476
Wilson & Muir Bank & Trust Company 123 W Main Street Vine Grove, KY 40175 Full Service B&M $37,555
Wilson & Muir Bank & Trust Company 130 St. Matthews Avenue Louisville, KY 40207 Full Service B&M $47,656
Wilson & Muir Bank & Trust Company 1315 Elizabethtown Road Leitchfield, KY 42754 Full Service B&M $18,841
Wilson & Muir Bank & Trust Company 170 Chaplin Road Bloomfield, KY 40008 Limited, Drive-thru $0
Wilson & Muir Bank & Trust Company 250 West Dixie Avenue Elizabethtown, KY 42701 Full Service B&M $33,412
Wilson & Muir Bank & Trust Company 9790 Elizabethtown Rd Big Clifty, KY 42712 Full Service B&M $32,073
Wilson & Muir Bank & Trust Company 101 Padgett Street Bardstown, KY 40004 Full Service B&M $54,058
Wilson & Muir Bank & Trust Company 105 Taylorsville Road Bloomfield, KY 40008 Full Service B&M $31,227
Wilson & Muir Bank & Trust Company 107 North Third Street Bardstown, KY 40004 Full Service B&M $191,099
Wilson & Muir Bank & Trust Company 118 South Main Street Leitchfield, KY 42754 Full Service B&M $112,165

For 2021, Wilson & Muir Bank & Trust Company had 11 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $22,377
Net interest income $22,045
Total noninterest income $5,465
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,787
Trading account gains and fees $0
Additional Noninterest Income $3,678
Pre-tax net operating income $12,663
Securities gains (or losses, -) $0
Income before extraordinary items $12,663
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $12,663
Minority interest net income $0
Net income $12,663
Sale, conversion, retirement of capital stock, net $0
Net operating income $12,663

Wilson & Muir Bank & Trust Company's gross interest income from loans was $22,377,000.
Wilson & Muir Bank & Trust Company's net interest income from loans was $22,045,000.
Wilson & Muir Bank & Trust Company's fee based income from loans was $1,787,000.
Wilson & Muir Bank & Trust Company's net income from loans was $12,663,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $332
Provision for credit losses $300
Total noninterest expense $14,547
Salaries and employee benefits $9,070
Premises and equipment expense $1,139
Additional noninterest expense $4,338
Applicable income taxes $0
Net charge-offs $518
Cash dividends $7,301

Wilson & Muir Bank & Trust Company's interest expense for loans was $332,000.
Wilson & Muir Bank & Trust Company's payroll and benefits expense were $9,070,000.
Wilson & Muir Bank & Trust Company's property, plant and equipment expenses $1,139,000.

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 1.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 3.0%
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 $608,730
Deposits held in domestic offices $608,730
Deposits by Individuals, partnerships, and corporations $561,421
Deposits by U.S. Government $2
Deposits by States and political subdivisions in the U.S. $47,307
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 $85,197
Demand deposits $63,602
Nontransaction accounts $523,533
Money market deposit accounts (MMDAs) $54,530
Other savings deposits (excluding MMDAs) $414,160
Total time deposits $54,843
Total time and savings deposits $545,128
Noninterest-bearing deposits $63,602
Interest-bearing deposits $545,128
Retail deposits $602,834
IRAs and Keogh plan accounts $18,646
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $699,135
Cash & Balances due from depository institutions $78,308
Interest-bearing balances $71,671
Total securities $255,548
Federal funds sold & reverse repurchase $5,034
Net loans and leases $340,406
Loan and leases loss allowance $4,465
Trading account assets $0
Bank premises and fixed assets $7,280
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $12,559

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $699,135
Total Liabilities $644,522
Total deposits $608,730
Interest-bearing deposits $545,128
Deposits held in domestic offices $608,730
% insured (estimated) $73
Federal funds purchased and repurchase agreements $33,297
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $2,495

Issued Loan Types

Type Value (in 000's)
Net loans and leases $340,406
Loan and leases loss allowance $4,465
Total loans and leases (domestic) $344,871
All real estate loans $268,986
Real estate loans in domestic offices $268,986
Construction and development loans $34,926
Residential 1-4 family construction $24,662
Other construction, all land development and other land $10,264
Loans secured by nonfarm nonresidential properties $90,100
Nonfarm nonresidential secured by owner-occupied properties $43,316
Commercial real estate & other non-farm, non-residential $46,784
Multifamily residential real estate $10,974
1-4 family residential loans $115,642
Farmland loans $17,344
Loans held in foreign offices $0
Farm loans $3,059
Commercial and industrial loans $55,856
To non-U.S. addressees $0
Loans to individuals $14,037
Credit card loans $805
Related Plans $111
Consumer Auto Loans $5,132
Other loans to individuals $7,989
All other loans & leases $2,933
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 $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $517
Non 1-4 family restructured loans & leases $335
Total loans and leases (foreign) $0

Wilson & Muir Bank & Trust Company had $340,406,000 of loans outstanding in 2021. $268,986,000 of loans were in real estate loans. $34,926,000 of loans were in development loans. $10,974,000 of loans were in multifamily mortgage loans. $115,642,000 of loans were in 1-4 family mortgage loans. $3,059,000 of loans were in farm loans. $805,000 of loans were in credit card loans. $5,132,000 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 295 $56,929 $192,980
Nonfarm, nonresidential loans - <$100k 73 $2,804 $38,411
Nonfarm, nonresidential loans - $100-250k 116 $14,667 $126,440
Nonfarm, nonresidential loans - $250k-1MM 106 $39,458 $372,245
Commercial & Industrial, US addressed loans - <$1MM 703 $37,502 $53,346
Commercial & Industrial, US addressed loans - <$100k 566 $13,540 $23,922
Commercial & Industrial, US addressed loans - $100-250k 92 $9,216 $100,174
Commercial & Industrial, US addressed loans - $250k-1MM 45 $14,746 $327,689
Farmland loans - <$1MM 132 $12,848 $97,333
Farmland loans - <$100k 63 $2,667 $42,333
Farmland loans - $100-250k 52 $5,751 $110,596
Farmland loans - $250k-1MM 17 $4,430 $260,588
Agriculture operations loans - <$1MM 182 $3,059 $16,808
Agriculture operations loans - <$100k 180 $2,834 $15,744
Agriculture operations loans - $100-250k 2 $225 $112,500