Kentucky Bank Mortgage Rates, Fees & Info

Paris, KY

LEI: 549300W3DDDU92VW3661

Tax ID: 61-0138790

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

Jump to:

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, Louisville, and Frankfort among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kentucky Bank has an 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    591

    Origination Dollar Volume (All Markets)

    $149,165,000

    Employee count

    233 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) 313 $83,825,000 $267,812 $2,968 4.09%
    Outside of Metro Areas 138 $31,880,000 $231,014 $3,039 4.02%
    Richmond-Berea, KY (FHA|USDA|VA) 83 $20,495,000 $246,928 $2,973 4.32%
    Mount Sterling, KY (FHA|USDA|VA) 26 $5,850,000 $225,000 $2,917 3.96%
    LOUISVILLE, KY (FHA|USDA|VA) 5 $2,635,000 $527,000 $3,537 4.40%
    Frankfort, KY (FHA|USDA|VA) 10 $2,200,000 $220,000 $2,696 4.34%
    Danville, KY (FHA|USDA|VA) 4 $750,000 $187,500 $3,294 3.81%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 6 $660,000 $110,000 $2,720 4.06%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $220,000 $110,000 $0 5.50%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $210,000 $105,000 $1,734 4.00%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.25%
    Kentucky Bank's top markets include Lexington, Richmond, Mount Sterling, Louisville, and Frankfort among others.

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

    COMMONWEALTH
    Similarity Rank: 312
    Peoples Exchange Bank
    Similarity Rank: 400
    MEMBERS HERITAGE Credit Union
    Similarity Rank: 640
    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 810
    MORTGAGE SUPPLIERS, INC.
    Similarity Rank: 867
    Kentucky Bank
    Similarity Rank: 996
    Traditional Bank, Inc.
    Similarity Rank: 1040
    City National Bank of West Virginia
    Similarity Rank: 1209
    GoPrime Mortgage, Inc.
    Similarity Rank: 1256
    Union Savings Bank
    Similarity Rank: 1278

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 491 $133,545,000 $271,986 $2,594 4.18%
    FHA 65 $9,995,000 $153,769 $4,971 3.76%
    USDA 20 $2,600,000 $130,000 $3,320 3.86%
    VA 15 $3,025,000 $201,667 $3,712 3.89%

    For 2019, Kentucky Bank's most frequently originated type of loan was Conventional, with 491 originations. Their 2nd most popular type was FHA, with 65 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 338 $72,330,000 $213,994 $3,223 4.17%
    Refi 144 $57,200,000 $397,222 $2,532 4.04%
    Cash Out Refi 99 $18,835,000 $190,253 $2,790 3.92%
    Home Improvement 9 $695,000 $77,222 $0 5.39%
    Other 1 $105,000 $105,000 $2,220 4.63%

    For 2019, Kentucky Bank's most frequently cited loan purpose was Home Purchase, with 338 originations. The 2nd most popular reason was Refi, with 144 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 372 $80,430,000 $216,210 $3,148 4.01%
    15 Year 86 $13,190,000 $153,372 $2,364 3.57%
    Other 70 $44,150,000 $630,714 $3,354 4.91%
    20 Year 49 $9,045,000 $184,592 $2,608 4.54%
    10 Year 8 $1,540,000 $192,500 $2,173 4.03%
    1 Year 6 $810,000 $135,000 $0 5.83%

    For 2019, Kentucky Bank's most frequently cited loan duration was 30 Year, with 372 originations. The 2nd most popular length was 15 Year, with 86 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 359 $67,425,000 $187,813
    $1k-2k 72 $12,250,000 $170,139
    $2k-3k 31 $5,545,000 $178,871
    $3k-4k 15 $4,055,000 $270,333
    $4k-5k 7 $2,735,000 $390,714

    Kentucky Bank's average total fees were $3,148, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 359 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 309 $57,045,000 $184,612
    4-5% 204 $72,060,000 $353,235
    5-6% 64 $17,600,000 $275,000
    2.5-3% 13 $2,375,000 $182,692
    6-7% 1 $85,000 $85,000

    During 2019, Kentucky Bank's average interest rate for loans was 4.01%, while their most frequently originated rate bucket for loans was 3-4%, with 309 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 290 $41,810,000 $144,172 $2,972 3.98%
    $200k-400k 141 $36,975,000 $262,234 $3,324 4.13%
    $100,000 or less 99 $7,135,000 $72,071 $2,191 4.34%
    $400k-600k 33 $15,665,000 $474,697 $3,333 4.21%
    $1MM+ 15 $38,055,000 $2,537,000 $5,534 4.71%
    $600k-1MM 13 $9,525,000 $732,692 $3,760 4.36%

    2019 saw Kentucky Bank place emphasis on $100k-200k loans with 290 originations, totaling $41,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 139 $21,155,000 $152,194 $2,913 4.02%
    $50k or less 113 $13,375,000 $118,363 $3,138 3.93%
    $100k-150k 99 $20,585,000 $207,929 $3,026 3.96%
    $75k-100k 64 $11,720,000 $183,125 $2,927 4.02%
    $150k-250k 49 $16,065,000 $327,857 $3,043 4.13%
    $250k+ 30 $18,950,000 $631,667 $3,481 4.17%

    Kentucky Bank lent most frequently to those with incomes in the $50k-75k range, with 139 originations. The second most popular income band? $50k or less, with 113 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 130 $23,760,000 $182,769 $2,813 3.94%
    30-36% 103 $18,475,000 $179,369 $2,951 4.00%
    <20% 63 $13,495,000 $214,206 $2,764 3.89%
    >60% 36 $26,960,000 $748,889 $0 5.05%
    50-60% 31 $9,015,000 $290,806 $3,840 4.36%
    43% 26 $4,830,000 $185,769 $3,111 4.06%
    38% 22 $3,820,000 $173,636 $2,768 4.39%
    36% 22 $4,020,000 $182,727 $3,380 3.90%
    37% 18 $2,910,000 $161,667 $2,625 3.92%
    41% 18 $3,020,000 $167,778 $2,874 3.97%
    39% 17 $3,415,000 $200,882 $3,302 4.29%
    42% 16 $4,510,000 $281,875 $3,341 3.92%
    40% 15 $3,125,000 $208,333 $3,286 4.18%
    46% 13 $2,305,000 $177,308 $3,205 3.91%
    48% 11 $2,925,000 $265,909 $3,523 3.81%
    47% 11 $5,985,000 $544,091 $3,200 4.53%
    44% 11 $2,335,000 $212,273 $2,467 4.05%
    45% 8 $1,490,000 $186,250 $3,431 4.38%
    49% 5 $875,000 $175,000 $2,696 4.13%

    Kentucky Bank lent most frequently to those with DTI ratios of 20-30%, with 130 originations. The next most common DTI ratio? 30-36%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 495 $101,425,000 $204,899 $2,964 4.00%
    Not applicable 72 $43,790,000 $608,194 $2,084 4.95%
    Black 13 $1,945,000 $149,615 $3,625 4.09%
    Asian 6 $1,430,000 $238,333 $2,892 4.02%
    Not provided 4 $510,000 $127,500 $3,550 3.69%
    Other Pacific Islander 1 $65,000 $65,000 $1,653 4.88%

    Approval Rates

    Total approvals of all applications
    88.22%

    Kentucky Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.51%

    Kentucky Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 591 $149,165,000 $252,394

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $4,275,000 $4,275,000
    Multifamily:Site-Built 33 $41,315,000 $1,251,970
    Single Family (1-4 Units):Manufactured 13 $1,275,000 $98,077
    Single Family (1-4 Units):Site-Built 544 $102,300,000 $188,051

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $3,810,000 $136,071 $2,246 3.95%
    40-60% 68 $13,190,000 $193,971 $2,435 4.08%
    60-80% 200 $64,150,000 $320,750 $2,650 4.08%
    80-100% 292 $67,680,000 $231,781 $3,387 4.16%
    Over 100% 1 $105,000 $105,000 $2,851 4.25%
    Under 20% 2 $230,000 $115,000 $1,904 4.38%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Kentucky Housing Corporation Conventional home mortgage Struggling to pay mortgage 1 25.0%
    Kentucky Housing Corporation Conventional home mortgage Trouble during payment process 1 25.0%
    Kentucky Housing Corporation FHA mortgage Incorrect information on your report 2 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Kentucky Bank 144 South Kentucky 7 Sandy Hook, KY 41171 Full Service B&M $45,333
    Kentucky Bank 1500 Flemingsburg Road Morehead, KY 40351 Full Service B&M $30,655
    Kentucky Bank 1001 Gibson Bay Drive, Suite 101 Richmond, KY 40476 Full Service B&M $46,571
    Kentucky Bank 103 West Showalter Drive Georgetown, KY 40324 Full Service B&M $26,197
    Kentucky Bank 108 East Main Street Wilmore, KY 40390 Full Service B&M $13,884
    Kentucky Bank 1975 Bypass Road Winchester, KY 40391 Full Service B&M $31,014
    Kentucky Bank 260 Blossom Park Drive Georgetown, KY 40324 Full Service B&M $45,570
    Kentucky Bank 360 East Vine Street, Suite 100 Lexington, KY 40507 Full Service B&M $17,567
    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 $34,331
    Kentucky Bank 50 North Maple Street Winchester, KY 40391 Full Service B&M $47,705
    Kentucky Bank 520 Marsailles Road Versailles, KY 40383 Full Service B&M $60,831
    Kentucky Bank 660 University Shopping Center Richmond, KY 40475 Full Service B&M $60,440
    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 $55,719
    Kentucky Bank 939 Us Highway 27 South Cynthiana, KY 41031 Full Service B&M $86,837
    Kentucky Bank Fourth And Main Streets Paris, KY 40361 Full Service B&M $206,524
    Kentucky Bank Lexington Road Paris, KY 40361 Full Service B&M $31,477

    For 2019, Kentucky Bank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $45,473
    Net interest income $36,995
    Total noninterest income $13,374
    Gross Fiduciary activities income $1,411
    Service charges on deposit accounts $3,648
    Trading account gains and fees $0
    Additional Noninterest Income $8,315
    Pre-tax net operating income $13,354
    Securities gains (or losses, -) $865
    Income before extraordinary items $12,584
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,584
    Minority interest net income $0
    Net income $12,584
    Sale, conversion, retirement of capital stock, net $451
    Net operating income $11,814

    Kentucky Bank's gross interest income from loans was $45,473,000.
    Kentucky Bank's net interest income from loans was $36,995,000.
    Kentucky Bank's fee based income from loans was $3,648,000.
    Kentucky Bank's net income from loans was $12,584,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,478
    Provision for credit losses $1,250
    Total noninterest expense $35,765
    Salaries and employee benefits $19,187
    Premises and equipment expense $4,066
    Additional noninterest expense $12,512
    Applicable income taxes $1,635
    Net charge-offs $917
    Cash dividends $7,500

    Kentucky Bank's interest expense for loans was $8,478,000.
    Kentucky Bank's payroll and benefits expense were $19,187,000.
    Kentucky Bank's property, plant and equipment expenses $4,066,000.

    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 1.0%
    Multifamily residential loans 2.0%
    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 1.3%
    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 $848,814
    Deposits held in domestic offices $848,814
    Deposits by Individuals, partnerships, and corporations $686,232
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $161,945
    Deposits by Commercial banks and other depository institutions in U.S. $637
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $281,415
    Demand deposits $183,219
    Nontransaction accounts $567,399
    Money market deposit accounts (MMDAs) $254,073
    Other savings deposits (excluding MMDAs) $101,061
    Total time deposits $212,265
    Total time and savings deposits $665,595
    Noninterest-bearing deposits $183,219
    Interest-bearing deposits $665,595
    Retail deposits $752,073
    IRAs and Keogh plan accounts $21,092
    Brokered deposits $56,147
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,107,663
    Cash & Balances due from depository institutions $21,536
    Interest-bearing balances $6,269
    Total securities $265,603
    Federal funds sold & reverse repurchase $260
    Net loans and leases $737,997
    Loan and leases loss allowance $8,460
    Trading account assets $0
    Bank premises and fixed assets $27,779
    Other real estate owned $2,148
    Goodwill and other intangibles $15,710
    All other assets $36,630

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,107,663
    Total Liabilities $989,883
    Total deposits $848,814
    Interest-bearing deposits $665,595
    Deposits held in domestic offices $848,814
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $5,994
    Trading liabilities $0
    Other borrowed funds $124,768
    Subordinated debt $0
    All other liabilities $10,307

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $737,997
    Loan and leases loss allowance $8,460
    Total loans and leases (domestic) $746,457
    All real estate loans $613,089
    Real estate loans in domestic offices $613,089
    Construction and development loans $32,219
    Residential 1-4 family construction $3,894
    Other construction, all land development and other land $28,325
    Loans secured by nonfarm nonresidential properties $188,338
    Nonfarm nonresidential secured by owner-occupied properties $85,161
    Commercial real estate & other non-farm, non-residential $103,177
    Multifamily residential real estate $48,622
    1-4 family residential loans $293,563
    Farmland loans $50,347
    Loans held in foreign offices $0
    Farm loans $6,820
    Commercial and industrial loans $51,146
    To non-U.S. addressees $0
    Loans to individuals $23,122
    Credit card loans $2,400
    Related Plans $406
    Consumer Auto Loans $4,600
    Other loans to individuals $15,716
    All other loans & leases $52,280
    Loans to foreign governments and official institutions $0
    Other loans $11,970
    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 $737,997,000 of loans outstanding in 2019. $613,089,000 of loans were in real estate loans. $32,219,000 of loans were in development loans. $48,622,000 of loans were in multifamily mortgage loans. $293,563,000 of loans were in 1-4 family mortgage loans. $6,820,000 of loans were in farm loans. $2,400,000 of loans were in credit card loans. $4,600,000 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 282 $71,578 $253,823
    Nonfarm, nonresidential loans - <$100k 63 $2,594 $41,175
    Nonfarm, nonresidential loans - $100-250k 92 $12,627 $137,250
    Nonfarm, nonresidential loans - $250k-1MM 127 $56,357 $443,756
    Commercial & Industrial, US addressed loans - <$1MM 206 $17,613 $85,500
    Commercial & Industrial, US addressed loans - <$100k 135 $3,392 $25,126
    Commercial & Industrial, US addressed loans - $100-250k 45 $5,399 $119,978
    Commercial & Industrial, US addressed loans - $250k-1MM 26 $8,822 $339,308
    Farmland loans - <$1MM 213 $27,954 $131,239
    Farmland loans - <$100k 85 $3,825 $45,000
    Farmland loans - $100-250k 77 $10,680 $138,701
    Farmland loans - $250k-1MM 51 $13,449 $263,706
    Agriculture operations loans - <$1MM 81 $2,157 $26,630
    Agriculture operations loans - <$100k 77 $1,646 $21,377
    Agriculture operations loans - $100-250k 4 $511 $127,750