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

Bardstown, KY

LEI: 549300TMWSYX6B5ZOK69

Tax ID: 61-0288090

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Mortgage Data

Bank Data

Review & 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 by origination volume include: Louisville/jefferson County, Elizabethtown, Bardstown, Lexington, and Bowling Green among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

Wilson & Muir Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

639

Origination Dollar Volume (All Markets)

$122,555,000

Employee count

134

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
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.

Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Wilson & Muir Bank & Trust Company's most frequently originated type of loan was Conventional, with 591 originations. Their 2nd most popular type was USDA, with 21 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Wilson & Muir Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 288 originations. The 2nd most popular reason was 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 2021, Wilson & Muir Bank & Trust Company's most frequently cited loan duration was 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
    96.69%

    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
    90.30%

    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