Kentucky Bank Mortgage Rates, Fees & Info

Paris, KY

LEI: 549300W3DDDU92VW3661

Tax ID: 61-0138790

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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

    Kentucky Bank is a smaller bank specializing in Home Purchase and Refi loans. Kentucky Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Lexington, Richmond, Mount Sterling, Frankfort, and Danville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kentucky 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. Kentucky 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.

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    Originations

    551

    Origination Dollar Volume (All Markets)

    $116,165,000

    Employee count

    232 Show all (13) 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
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 243 $65,275,000 $268,621 $2,883 4.65%
    Richmond-Berea, KY (FHA|USDA|VA) 118 $24,670,000 $209,068 $3,136 4.68%
    Outside of Metro Areas 144 $20,790,000 $144,375 $3,132 4.60%
    Mount Sterling, KY (FHA|USDA|VA) 22 $2,430,000 $110,455 $2,635 4.59%
    Frankfort, KY (FHA|USDA|VA) 8 $1,290,000 $161,250 $2,519 4.82%
    Danville, KY (FHA|USDA|VA) 5 $585,000 $117,000 $3,171 4.53%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $485,000 $97,000 $2,592 4.97%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 3 $285,000 $95,000 $2,978 4.42%
    London, KY (FHA|USDA|VA) 2 $220,000 $110,000 $2,251 4.88%
    Maysville, KY (FHA|USDA|VA) 1 $135,000 $135,000 $3,485 4.75%
    Kentucky Bank's top markets include Lexington, Richmond, Mount Sterling, Frankfort, and Danville among others.

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

    • Similar Lenders

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

    Town Square Bank
    Similarity Rank: 90
    City National Bank of West Virginia
    Similarity Rank: 190
    Bank of Lexington, Inc.
    Similarity Rank: 324
    Peoples Exchange Bank
    Similarity Rank: 357
    MEMBERS HERITAGE Credit Union
    Similarity Rank: 396
    COMMONWEALTH
    Similarity Rank: 414
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 468
    Forcht Bank
    Similarity Rank: 504
    PARK COMMUNITY CREDIT UNION, INC.
    Similarity Rank: 564
    United Bank & Capital Trust Company
    Similarity Rank: 663

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 445 $100,765,000 $226,438 $2,588 4.70%
    FHA 67 $9,625,000 $143,657 $4,487 4.41%
    USDA 24 $2,940,000 $122,500 $3,131 4.40%
    VA 15 $2,835,000 $189,000 $4,585 4.23%

    For 2018, Kentucky Bank's most frequently originated type of loan was Conventional, with 445 originations. Their 2nd most popular type was FHA, with 67 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 414 $78,490,000 $189,589 $3,067 4.63%
    Refi 74 $28,010,000 $378,514 $2,599 4.64%
    Cash Out Refi 51 $8,025,000 $157,353 $2,911 4.66%
    Home Improvement 8 $1,280,000 $160,000 $2,009 5.07%
    Other 4 $360,000 $90,000 $2,084 4.72%

    For 2018, Kentucky Bank's most frequently cited loan purpose was Home Purchase, with 414 originations. The 2nd most popular reason was Refi, with 74 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 359 $61,425,000 $171,100 $3,122 4.60%
    Other 83 $33,785,000 $407,048 $0 4.92%
    15 Year 58 $8,040,000 $138,621 $2,379 4.29%
    20 Year 42 $10,590,000 $252,143 $2,424 4.90%
    10 Year 8 $2,220,000 $277,500 $1,881 4.52%
    1 Year 1 $105,000 $105,000 $0 6.00%

    For 2018, Kentucky Bank's most frequently cited loan duration was 30 Year, with 359 originations. The 2nd most popular length was Other, with 83 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 297 $51,455,000 $173,249
    $1k-2k 79 $9,915,000 $125,506
    $2k-3k 33 $5,915,000 $179,242
    $3k-4k 6 $1,390,000 $231,667
    $4k-5k 3 $1,075,000 $358,333
    $5k+ 1 $305,000 $305,000

    Kentucky Bank's average total fees were $3,122, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 297 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 405 $93,605,000 $231,123
    5-6% 93 $13,585,000 $146,075
    3-4% 49 $8,545,000 $174,388
    6-7% 3 $395,000 $131,667
    7-8% 1 $35,000 $35,000

    During 2018, Kentucky Bank's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 405 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 256 $36,890,000 $144,102 $3,045 4.59%
    $100,000 or less 153 $10,855,000 $70,948 $2,297 4.79%
    $200k-400k 101 $27,215,000 $269,455 $3,623 4.52%
    $400k-600k 21 $9,585,000 $456,429 $3,317 4.73%
    $1MM+ 10 $24,660,000 $2,466,000 $3,756 4.70%
    $600k-1MM 10 $6,960,000 $696,000 $2,464 4.74%

    2018 saw Kentucky Bank place emphasis on $100k-200k loans with 256 originations, totaling $36,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 131 $18,555,000 $141,641 $3,123 4.54%
    $50k or less 124 $12,500,000 $100,806 $2,780 4.64%
    $75k-100k 78 $13,140,000 $168,462 $3,125 4.61%
    $100k-150k 72 $14,410,000 $200,139 $2,759 4.62%
    $150k-250k 44 $11,510,000 $261,591 $3,511 4.71%
    $250k+ 18 $10,490,000 $582,778 $3,019 4.68%

    Kentucky Bank lent most frequently to those with incomes in the $50k-75k range, with 131 originations. The second most popular income band? $50k or less, with 124 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 115 $18,265,000 $158,826 $2,652 4.63%
    30-36% 108 $18,020,000 $166,852 $3,069 4.64%
    <20% 64 $9,570,000 $149,531 $2,647 4.54%
    >60% 28 $18,810,000 $671,786 $1,897 4.89%
    50-60% 27 $5,075,000 $187,963 $4,619 4.78%
    43% 23 $3,465,000 $150,652 $3,678 4.48%
    45% 22 $4,230,000 $192,273 $3,003 4.56%
    36% 19 $3,595,000 $189,211 $2,965 4.44%
    39% 19 $3,605,000 $189,737 $3,051 4.68%
    37% 17 $3,195,000 $187,941 $3,376 4.76%
    42% 16 $2,810,000 $175,625 $3,665 4.62%
    38% 14 $2,030,000 $145,000 $2,470 4.77%
    47% 14 $2,020,000 $144,286 $3,277 4.79%
    41% 13 $2,825,000 $217,308 $3,524 4.63%
    48% 11 $1,725,000 $156,818 $2,989 4.76%
    44% 9 $1,655,000 $183,889 $2,670 4.65%
    40% 9 $1,145,000 $127,222 $3,512 4.53%
    46% 7 $1,335,000 $190,714 $3,666 4.71%
    49% 3 $455,000 $151,667 $3,629 4.42%

    Kentucky Bank lent most frequently to those with DTI ratios of 20-30%, with 115 originations. The next most common DTI ratio? 30-36%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 463 $79,605,000 $171,933 $2,990 4.61%
    Not applicable 71 $33,955,000 $478,239 $0 4.85%
    Asian 6 $1,030,000 $171,667 $2,321 4.48%
    Black 7 $985,000 $140,714 $3,559 4.67%
    Not provided 2 $280,000 $140,000 $2,777 4.98%
    Asian Indian 1 $205,000 $205,000 $5,190 4.50%
    Chinese 1 $105,000 $105,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    90.46%

    Kentucky Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.58%

    Kentucky Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 551 $116,165,000 $210,826

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $555,000 $555,000
    Multifamily:Site-Built 31 $33,335,000 $1,075,323
    Single Family (1-4 Units):Manufactured 20 $1,680,000 $84,000
    Single Family (1-4 Units):Site-Built 499 $80,595,000 $161,513

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $3,660,000 $166,364 $2,197 4.62%
    40-60% 51 $7,365,000 $144,412 $2,236 4.54%
    60-80% 170 $44,740,000 $263,176 $2,791 4.70%
    80-100% 296 $58,560,000 $197,838 $3,200 4.63%
    Over 100% 6 $1,100,000 $183,333 $6,613 4.33%
    Under 20% 5 $395,000 $79,000 $1,796 4.49%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Kentucky Housing Corporation FHA mortgage Problem with a credit reporting company's investigation into an existing problem 1 20.0%
    Kentucky Housing Corporation FHA mortgage Trouble during payment process 2 40.0%
    Kentucky Housing Corporation Other type of mortgage Struggling to pay mortgage 1 20.0%
    Kentucky Housing Corporation VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Kentucky Bank 1001 Gibson Bay Drive, Suite 101 Richmond, KY 40476 Full Service B&M $42,814
    Kentucky Bank 103 West Showalter Drive Georgetown, KY 40324 Full Service B&M $27,960
    Kentucky Bank 108 East Main Street Wilmore, KY 40390 Full Service B&M $14,053
    Kentucky Bank 144 South Kentucky 7 Sandy Hook, KY 41171 Full Service B&M $31,074
    Kentucky Bank 1500 Flemingsburg Road Morehead, KY 40351 Full Service B&M $32,771
    Kentucky Bank 1975 Bypass Road Winchester, KY 40391 Full Service B&M $78,133
    Kentucky Bank 24 West Lexington Avenue Winchester, KY 40391 Full Service B&M $0
    Kentucky Bank 260 Blossom Park Drive Georgetown, KY 40324 Full Service B&M $60,182
    Kentucky Bank 360 East Vine Street, Suite 100 Lexington, KY 40507 Full Service B&M $21,670
    Kentucky Bank 400 Main Street Paris, KY 40361 Limited, Drive-thru $0
    Kentucky Bank 400 West First Street Morehead, KY 40351 Full Service B&M $39,098
    Kentucky Bank 520 Marsailles Road Versailles, KY 40383 Full Service B&M $59,690
    Kentucky Bank 660 University Shopping Center Richmond, KY 40475 Full Service B&M $59,329
    Kentucky Bank 724 West Main Street Richmond, KY 40475 Full Service B&M $0
    Kentucky Bank 920 North Main Street Nicholasville, KY 40356 Full Service B&M $57,190
    Kentucky Bank 939 Us Highway 27 South Cynthiana, KY 41031 Full Service B&M $85,249
    Kentucky Bank Fourth And Main Streets Paris, KY 40361 Full Service B&M $165,264
    Kentucky Bank Lexington Road Paris, KY 40361 Full Service B&M $32,882

    For 2018, Kentucky Bank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $42,591
    Net interest income $36,307
    Total noninterest income $13,230
    Gross Fiduciary activities income $1,348
    Service charges on deposit accounts $3,757
    Trading account gains and fees $0
    Additional Noninterest Income $8,125
    Pre-tax net operating income $14,176
    Securities gains (or losses, -) $-25
    Income before extraordinary items $12,339
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,339
    Minority interest net income $0
    Net income $12,339
    Sale, conversion, retirement of capital stock, net $175
    Net operating income $12,360

    Kentucky Bank's gross interest income from loans was $42,591,000.
    Kentucky Bank's net interest income from loans was $36,307,000.
    Kentucky Bank's fee based income from loans was $3,757,000.
    Kentucky Bank's net income from loans was $12,339,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,284
    Provision for credit losses $500
    Total noninterest expense $34,861
    Salaries and employee benefits $18,938
    Premises and equipment expense $3,944
    Additional noninterest expense $11,979
    Applicable income taxes $1,812
    Net charge-offs $93
    Cash dividends $7,300

    Kentucky Bank's interest expense for loans was $6,284,000.
    Kentucky Bank's payroll and benefits expense were $18,938,000.
    Kentucky Bank's property, plant and equipment expenses $3,944,000.

    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 0.4%
    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 $857,327
    Deposits held in domestic offices $857,327
    Deposits by Individuals, partnerships, and corporations $644,937
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $211,431
    Deposits by Commercial banks and other depository institutions in U.S. $959
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $306,708
    Demand deposits $167,527
    Nontransaction accounts $550,619
    Money market deposit accounts (MMDAs) $251,745
    Other savings deposits (excluding MMDAs) $106,877
    Total time deposits $191,997
    Total time and savings deposits $689,800
    Noninterest-bearing deposits $167,527
    Interest-bearing deposits $689,800
    Retail deposits $762,825
    IRAs and Keogh plan accounts $22,036
    Brokered deposits $37,016
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,083,454
    Cash & Balances due from depository institutions $25,434
    Interest-bearing balances $10,723
    Total securities $315,633
    Federal funds sold & reverse repurchase $266
    Net loans and leases $679,220
    Loan and leases loss allowance $8,127
    Trading account assets $0
    Bank premises and fixed assets $17,349
    Other real estate owned $830
    Goodwill and other intangibles $15,775
    All other assets $28,947

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,083,454
    Total Liabilities $975,600
    Total deposits $857,327
    Interest-bearing deposits $689,800
    Deposits held in domestic offices $857,327
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $8,077
    Trading liabilities $0
    Other borrowed funds $100,452
    Subordinated debt $0
    All other liabilities $9,744

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $679,220
    Loan and leases loss allowance $8,127
    Total loans and leases (domestic) $687,347
    All real estate loans $555,890
    Real estate loans in domestic offices $555,890
    Construction and development loans $24,254
    Residential 1-4 family construction $2,647
    Other construction, all land development and other land $21,607
    Loans secured by nonfarm nonresidential properties $179,674
    Nonfarm nonresidential secured by owner-occupied properties $111,459
    Commercial real estate & other non-farm, non-residential $68,215
    Multifamily residential real estate $46,403
    1-4 family residential loans $253,520
    Farmland loans $52,039
    Loans held in foreign offices $0
    Farm loans $8,010
    Commercial and industrial loans $54,267
    To non-U.S. addressees $0
    Loans to individuals $20,089
    Credit card loans $2,479
    Related Plans $411
    Consumer Auto Loans $3,199
    Other loans to individuals $14,000
    All other loans & leases $49,090
    Loans to foreign governments and official institutions $0
    Other loans $13,530
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Kentucky Bank had $679,220,000 of loans outstanding in 2018. $555,890,000 of loans were in real estate loans. $24,254,000 of loans were in development loans. $46,403,000 of loans were in multifamily mortgage loans. $253,520,000 of loans were in 1-4 family mortgage loans. $8,010,000 of loans were in farm loans. $2,479,000 of loans were in credit card loans. $3,199,000 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 287 $70,675 $246,254
    Nonfarm, nonresidential loans - <$100k 70 $2,945 $42,071
    Nonfarm, nonresidential loans - $100-250k 86 $11,481 $133,500
    Nonfarm, nonresidential loans - $250k-1MM 131 $56,249 $429,382
    Commercial & Industrial, US addressed loans - <$1MM 182 $15,088 $82,901
    Commercial & Industrial, US addressed loans - <$100k 124 $3,346 $26,984
    Commercial & Industrial, US addressed loans - $100-250k 40 $4,933 $123,325
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $6,809 $378,278
    Farmland loans - <$1MM 237 $31,128 $131,342
    Farmland loans - <$100k 95 $4,333 $45,611
    Farmland loans - $100-250k 89 $12,471 $140,124
    Farmland loans - $250k-1MM 53 $14,324 $270,264
    Agriculture operations loans - <$1MM 102 $3,088 $30,275
    Agriculture operations loans - <$100k 94 $1,834 $19,511
    Agriculture operations loans - $100-250k 8 $1,254 $156,750