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 Louisville among others. We have data for 13 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

    878

    Origination Dollar Volume (All Markets)

    $207,610,000

    Employee count

    236 Show all (9) 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) 477 $113,385,000 $237,704 $2,849 3.15%
    Richmond-Berea, KY (FHA|USDA|VA) 107 $43,805,000 $409,393 $2,855 3.42%
    Outside of Metro Areas 213 $35,095,000 $164,765 $3,203 3.30%
    Mount Sterling, KY (FHA|USDA|VA) 43 $7,135,000 $165,930 $2,826 3.17%
    Frankfort, KY (FHA|USDA|VA) 9 $2,955,000 $328,333 $2,656 3.69%
    LOUISVILLE, KY (FHA|USDA|VA) 5 $1,655,000 $331,000 $3,785 3.10%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 7 $1,115,000 $159,286 $2,763 3.29%
    Danville, KY (FHA|USDA|VA) 6 $960,000 $160,000 $2,456 2.94%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 6 $830,000 $138,333 $2,850 3.33%
    OCALA, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,887 3.25%
    Somerset, KY (FHA|USDA|VA) 2 $210,000 $105,000 $2,013 3.75%
    London, KY (FHA|USDA|VA) 1 $145,000 $145,000 $1,635 2.88%
    Maysville, KY (FHA|USDA|VA) 1 $75,000 $75,000 $2,848 3.13%
    Kentucky Bank's top markets include Lexington, Richmond, Mount Sterling, Frankfort, and Louisville among others.

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

    Peoples Exchange Bank
    Similarity Rank: 552
    MORTGAGE SUPPLIERS, INC.
    Similarity Rank: 697
    L & N Federal Credit Union
    Similarity Rank: 792
    COMMONWEALTH
    Similarity Rank: 875
    Traditional Bank, Inc.
    Similarity Rank: 891
    THE MORTGAGE WAREHOUSE,LLC
    Similarity Rank: 1232
    Kentucky Bank
    Similarity Rank: 1612
    MEMBERS HERITAGE Credit Union
    Similarity Rank: 1760
    PARK COMMUNITY CREDIT UNION, INC.
    Similarity Rank: 1768
    Central Bank
    Similarity Rank: 1848

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 769 $189,605,000 $246,560 $2,616 3.25%
    FHA 74 $12,140,000 $164,054 $5,207 3.12%
    USDA 20 $2,620,000 $131,000 $3,585 2.89%
    VA 15 $3,245,000 $216,333 $5,163 2.74%

    For 2020, Kentucky Bank's most frequently originated type of loan was Conventional, with 769 originations. Their 2nd most popular type was FHA, with 74 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 392 $73,880,000 $188,469 $3,341 3.33%
    Refi 309 $98,045,000 $317,298 $2,418 3.14%
    Cash Out Refi 172 $35,190,000 $204,593 $2,969 3.11%
    Other 3 $345,000 $115,000 $1,876 3.29%
    Home Improvement 2 $150,000 $75,000 $0 4.50%

    For 2020, Kentucky Bank's most frequently cited loan purpose was Home Purchase, with 392 originations. The 2nd most popular reason was Refi, with 309 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 531 $109,455,000 $206,130 $3,192 3.24%
    15 Year 186 $33,000,000 $177,419 $2,378 2.77%
    20 Year 103 $20,975,000 $203,641 $2,578 3.61%
    Other 39 $41,985,000 $1,076,538 $2,989 4.06%
    10 Year 15 $1,545,000 $103,000 $1,703 2.99%
    1 Year 4 $650,000 $162,500 $0 4.88%

    For 2020, Kentucky Bank's most frequently cited loan duration was 30 Year, with 531 originations. The 2nd most popular length was 15 Year, with 186 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 560 $113,210,000 $202,161
    $1k-2k 105 $15,955,000 $151,952
    $2k-3k 70 $12,980,000 $185,429
    $3k-4k 31 $8,555,000 $275,968
    $4k-5k 10 $3,600,000 $360,000
    $5k+ 1 $465,000 $465,000

    Kentucky Bank's average total fees were $3,192, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 560 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 374 $74,850,000 $200,134
    2.5-3% 298 $60,530,000 $203,121
    <2.5% 103 $18,845,000 $182,961
    4-5% 92 $52,020,000 $565,435
    5-6% 9 $1,135,000 $126,111
    6-7% 2 $230,000 $115,000

    During 2020, Kentucky Bank's average interest rate for loans was 3.24%, while their most frequently originated rate bucket for loans was 3-4%, with 374 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 420 $62,500,000 $148,810 $2,811 3.17%
    $200k-400k 255 $68,965,000 $270,451 $3,434 3.20%
    $100,000 or less 141 $10,605,000 $75,213 $2,134 3.38%
    $400k-600k 38 $18,020,000 $474,211 $3,272 3.10%
    $600k-1MM 13 $9,335,000 $718,077 $3,584 3.64%
    $1MM+ 11 $38,185,000 $3,471,364 $4,786 4.05%

    2020 saw Kentucky Bank place emphasis on $100k-200k loans with 420 originations, totaling $62,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 173 $21,905,000 $126,618 $2,880 3.21%
    $50k-75k 172 $26,910,000 $156,453 $3,110 3.20%
    $100k-150k 168 $36,930,000 $219,821 $3,111 3.18%
    $75k-100k 116 $21,780,000 $187,759 $2,910 3.18%
    $150k-250k 101 $28,305,000 $280,248 $2,957 3.15%
    $250k+ 35 $14,645,000 $418,429 $3,283 3.21%

    Kentucky Bank lent most frequently to those with incomes in the $50k or less range, with 173 originations. The second most popular income band? $50k-75k, with 172 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 236 $47,210,000 $200,042 $2,714 3.12%
    30-36% 168 $32,580,000 $193,929 $3,155 3.18%
    <20% 130 $25,880,000 $199,077 $2,499 3.04%
    38% 32 $6,990,000 $218,438 $3,414 3.34%
    42% 31 $5,475,000 $176,613 $3,325 3.21%
    40% 27 $5,285,000 $195,741 $2,654 3.30%
    39% 26 $4,350,000 $167,308 $2,477 3.30%
    37% 25 $3,785,000 $151,400 $2,874 3.24%
    36% 25 $4,305,000 $172,200 $2,516 3.28%
    43% 22 $5,130,000 $233,182 $2,951 3.53%
    49% 20 $4,370,000 $218,500 $3,224 3.19%
    46% 20 $3,800,000 $190,000 $3,466 3.10%
    44% 19 $3,775,000 $198,684 $3,560 3.48%
    >60% 17 $32,575,000 $1,916,176 $3,598 4.28%
    45% 15 $3,225,000 $215,000 $3,328 3.29%
    41% 15 $2,685,000 $179,000 $3,910 3.26%
    50-60% 14 $6,990,000 $499,286 $3,732 3.69%
    47% 11 $2,615,000 $237,727 $3,285 3.24%
    48% 11 $1,865,000 $169,545 $4,583 3.13%

    Kentucky Bank lent most frequently to those with DTI ratios of 20-30%, with 236 originations. The next most common DTI ratio? 30-36%, with 168 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 800 $157,200,000 $196,500 $2,934 3.15%
    Not applicable 53 $45,875,000 $865,566 $0 4.36%
    Asian 9 $2,035,000 $226,111 $2,448 3.38%
    Black 12 $1,760,000 $146,667 $4,148 3.30%
    Not provided 4 $740,000 $185,000 $1,673 3.06%

    Approval Rates

    Total approvals of all applications
    89.52%

    Kentucky Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.55%

    Kentucky Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 878 $207,610,000 $236,458

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $2,215,000 $2,215,000
    Multifamily:Site-Built 22 $40,140,000 $1,824,545
    Single Family (1-4 Units):Manufactured 24 $2,510,000 $104,583
    Single Family (1-4 Units):Site-Built 831 $162,745,000 $195,842

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $6,600,000 $157,143 $2,192 3.02%
    40-60% 136 $25,520,000 $187,647 $2,261 3.12%
    60-80% 331 $85,655,000 $258,776 $2,693 3.26%
    80-100% 362 $88,500,000 $244,475 $3,398 3.26%
    Over 100% 3 $785,000 $261,667 $10,085 2.42%
    Under 20% 4 $550,000 $137,500 $2,032 3.56%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Kentucky Housing Corporation FHA mortgage Struggling to pay mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Kentucky Bank 1500 Flemingsburg Road Morehead, KY 40351 Full Service B&M $46,036
    Kentucky Bank 1710 Fitzgerald Court Lexington, KY 40509 Full Service B&M $6,795
    Kentucky Bank 1001 Gibson Bay Drive, Suite 101 Richmond, KY 40476 Full Service B&M $59,768
    Kentucky Bank 103 West Showalter Drive Georgetown, KY 40324 Full Service B&M $29,013
    Kentucky Bank 108 East Main Street Wilmore, KY 40390 Full Service B&M $19,874
    Kentucky Bank 144 South Kentucky 7 Sandy Hook, KY 41171 Full Service B&M $49,232
    Kentucky Bank 1975 Bypass Road Winchester, KY 40391 Full Service B&M $43,458
    Kentucky Bank 260 Blossom Park Drive Georgetown, KY 40324 Full Service B&M $40,910
    Kentucky Bank 360 East Vine Street, Suite 100 Lexington, KY 40507 Full Service B&M $30,339
    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 $35,692
    Kentucky Bank 50 North Maple Street Winchester, KY 40391 Full Service B&M $50,512
    Kentucky Bank 520 Marsailles Road Versailles, KY 40383 Full Service B&M $66,351
    Kentucky Bank 660 University Shopping Center Richmond, KY 40475 Full Service B&M $72,436
    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 $37,616
    Kentucky Bank 939 Us Highway 27 South Cynthiana, KY 41031 Full Service B&M $107,372
    Kentucky Bank Fourth And Main Streets Paris, KY 40361 Full Service B&M $215,547
    Kentucky Bank Lexington Road Paris, KY 40361 Full Service B&M $39,980

    For 2020, Kentucky Bank had 19 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $42,632
    Net interest income $36,197
    Total noninterest income $15,625
    Gross Fiduciary activities income $1,441
    Service charges on deposit accounts $2,833
    Trading account gains and fees $0
    Additional Noninterest Income $11,351
    Pre-tax net operating income $11,912
    Securities gains (or losses, -) $351
    Income before extraordinary items $11,229
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,229
    Minority interest net income $0
    Net income $11,229
    Sale, conversion, retirement of capital stock, net $459
    Net operating income $10,906

    Kentucky Bank's gross interest income from loans was $42,632,000.
    Kentucky Bank's net interest income from loans was $36,197,000.
    Kentucky Bank's fee based income from loans was $2,833,000.
    Kentucky Bank's net income from loans was $11,229,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,435
    Provision for credit losses $1,775
    Total noninterest expense $38,135
    Salaries and employee benefits $20,897
    Premises and equipment expense $4,118
    Additional noninterest expense $13,120
    Applicable income taxes $1,034
    Net charge-offs $338
    Cash dividends $6,700

    Kentucky Bank's interest expense for loans was $6,435,000.
    Kentucky Bank's payroll and benefits expense were $20,897,000.
    Kentucky Bank's property, plant and equipment expenses $4,118,000.

    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 0.0%
    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 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 $987,421
    Deposits held in domestic offices $987,421
    Deposits by Individuals, partnerships, and corporations $801,304
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $185,503
    Deposits by Commercial banks and other depository institutions in U.S. $614
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $363,287
    Demand deposits $234,469
    Nontransaction accounts $624,134
    Money market deposit accounts (MMDAs) $321,453
    Other savings deposits (excluding MMDAs) $131,461
    Total time deposits $171,220
    Total time and savings deposits $752,952
    Noninterest-bearing deposits $234,469
    Interest-bearing deposits $752,952
    Retail deposits $898,173
    IRAs and Keogh plan accounts $20,557
    Brokered deposits $54,306
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,236,230
    Cash & Balances due from depository institutions $38,152
    Interest-bearing balances $19,989
    Total securities $353,772
    Federal funds sold & reverse repurchase $395
    Net loans and leases $761,401
    Loan and leases loss allowance $9,897
    Trading account assets $0
    Bank premises and fixed assets $28,225
    Other real estate owned $876
    Goodwill and other intangibles $15,675
    All other assets $37,734

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,236,230
    Total Liabilities $1,112,348
    Total deposits $987,421
    Interest-bearing deposits $752,952
    Deposits held in domestic offices $987,421
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $9,129
    Trading liabilities $0
    Other borrowed funds $96,532
    Subordinated debt $0
    All other liabilities $19,266

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $761,401
    Loan and leases loss allowance $9,897
    Total loans and leases (domestic) $771,298
    All real estate loans $605,222
    Real estate loans in domestic offices $605,222
    Construction and development loans $14,571
    Residential 1-4 family construction $3,117
    Other construction, all land development and other land $11,454
    Loans secured by nonfarm nonresidential properties $198,726
    Nonfarm nonresidential secured by owner-occupied properties $95,067
    Commercial real estate & other non-farm, non-residential $103,659
    Multifamily residential real estate $47,854
    1-4 family residential loans $297,563
    Farmland loans $46,508
    Loans held in foreign offices $0
    Farm loans $5,731
    Commercial and industrial loans $82,536
    To non-U.S. addressees $0
    Loans to individuals $22,532
    Credit card loans $2,278
    Related Plans $271
    Consumer Auto Loans $6,074
    Other loans to individuals $13,909
    All other loans & leases $55,277
    Loans to foreign governments and official institutions $0
    Other loans $8,812
    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 $1,145
    Non 1-4 family restructured loans & leases $1,145
    Total loans and leases (foreign) $0

    Kentucky Bank had $761,401,000 of loans outstanding in 2020. $605,222,000 of loans were in real estate loans. $14,571,000 of loans were in development loans. $47,854,000 of loans were in multifamily mortgage loans. $297,563,000 of loans were in 1-4 family mortgage loans. $5,731,000 of loans were in farm loans. $2,278,000 of loans were in credit card loans. $6,074,000 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 266 $66,528 $250,105
    Nonfarm, nonresidential loans - <$100k 58 $2,414 $41,621
    Nonfarm, nonresidential loans - $100-250k 86 $11,745 $136,570
    Nonfarm, nonresidential loans - $250k-1MM 122 $52,369 $429,254
    Commercial & Industrial, US addressed loans - <$1MM 711 $45,507 $64,004
    Commercial & Industrial, US addressed loans - <$100k 582 $15,167 $26,060
    Commercial & Industrial, US addressed loans - $100-250k 92 $11,927 $129,641
    Commercial & Industrial, US addressed loans - $250k-1MM 37 $18,413 $497,649
    Farmland loans - <$1MM 187 $22,733 $121,567
    Farmland loans - <$100k 77 $3,490 $45,325
    Farmland loans - $100-250k 68 $9,270 $136,324
    Farmland loans - $250k-1MM 42 $9,973 $237,452
    Agriculture operations loans - <$1MM 68 $1,768 $26,000
    Agriculture operations loans - <$100k 64 $1,371 $21,422
    Agriculture operations loans - $100-250k 4 $397 $99,250