Tri County Bank & Trust Mortgage Rates, Fees & Info

Roachdale, IN

LEI: 549300YZP6I377PGTL47

Tax ID: 35-0617170

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Tri County Bank & Trust is a smaller bank specializing in Refi and Home Purchase loans. Tri County Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Crawfordsville, Indianapolis, and Terre Haute among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Tri County Bank & Trust 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. Tri County Bank & Trust 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.

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    Originations

    81

    Origination Dollar Volume (All Markets)

    $7,475,000

    Awards

    Tri County Bank & Trust 30 Year Conventional Loans gold
    Show all (1) 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
    Crawfordsville, IN (FHA|USDA|VA) 45 $4,285,000 $95,222 $1,286 4.80%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 34 $3,080,000 $90,588 $1,290 4.69%
    TERRE HAUTE, IN (FHA|USDA|VA) 2 $110,000 $55,000 $1,227 4.61%
    Tri County Bank & Trust's top markets include Crawfordsville, Indianapolis, and Terre Haute among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 81 $7,475,000 $92,284 $1,287 4.75%

    For 2019, Tri County Bank & Trust's most frequently originated type of loan was Conventional, with 81 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 33 $3,445,000 $104,394 $1,280 4.72%
    Home Purchase 30 $3,010,000 $100,333 $1,370 4.67%
    Other 15 $885,000 $59,000 $747 5.02%
    Home Improvement 3 $135,000 $45,000 $1,251 4.46%

    For 2019, Tri County Bank & Trust's most frequently cited loan purpose was Refi, with 33 originations. The 2nd most popular reason was Home Purchase, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 40 $2,920,000 $73,000 $1,378 4.57%
    30 Year 16 $2,790,000 $174,375 $1,524 4.43%
    10 Year 14 $490,000 $35,000 $680 5.59%
    20 Year 9 $1,225,000 $136,111 $1,424 4.64%
    5 Year 1 $15,000 $15,000 $447 6.10%
    Other 1 $35,000 $35,000 $0 4.85%

    For 2019, Tri County Bank & Trust's most frequently cited loan duration was 15 Year, with 40 originations. The 2nd most popular length was 30 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 57 $5,845,000 $102,544

    Tri County Bank & Trust's average total fees were $1,524, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 57 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 53 $5,705,000 $107,642
    3-4% 11 $825,000 $75,000
    5-6% 9 $715,000 $79,444
    6-7% 8 $230,000 $28,750

    During 2019, Tri County Bank & Trust's average interest rate for loans was 4.43%, while their most frequently originated rate bucket for loans was 4-5%, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 57 $3,065,000 $53,772 $1,132 4.86%
    $100k-200k 14 $1,850,000 $132,143 $1,415 4.58%
    $200k-400k 10 $2,560,000 $256,000 $1,704 4.34%

    2019 saw Tri County Bank & Trust place emphasis on $100,000 or less loans with 57 originations, totaling $3,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 26 $1,600,000 $61,538 $1,291 4.72%
    $100k-150k 18 $2,860,000 $158,889 $1,256 4.87%
    $50k-75k 15 $1,035,000 $69,000 $1,232 4.52%
    $250k+ 6 $610,000 $101,667 $1,544 4.83%
    $75k-100k 6 $770,000 $128,333 $1,372 4.91%
    $150k-250k 2 $160,000 $80,000 $1,346 4.80%

    Tri County Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 26 originations. The second most popular income band? $100k-150k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 22 $2,130,000 $96,818 $1,278 4.80%
    >60% 20 $2,390,000 $119,500 $1,324 4.78%
    30-36% 11 $1,095,000 $99,545 $1,253 4.62%
    <20% 9 $365,000 $40,556 $1,315 4.66%
    43% 2 $120,000 $60,000 $946 5.15%
    36% 2 $440,000 $220,000 $1,815 4.41%
    37% 1 $55,000 $55,000 $1,272 4.30%
    38% 1 $55,000 $55,000 $905 3.85%
    40% 1 $55,000 $55,000 $1,227 4.73%

    Tri County Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? >60%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 72 $6,970,000 $96,806 $1,288 4.74%
    Not applicable 8 $440,000 $55,000 $0 4.82%
    Not provided 1 $65,000 $65,000 $1,230 4.50%

    Approval Rates

    Total approvals of all applications
    92.86%

    Tri County Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.12%

    Tri County Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 81 $7,475,000 $92,284

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 10 $540,000 $54,000
    Single Family (1-4 Units):Site-Built 71 $6,935,000 $97,676

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $340,000 $56,667 $1,105 5.00%
    40-60% 13 $915,000 $70,385 $1,218 4.83%
    60-80% 45 $4,845,000 $107,667 $1,516 4.63%
    80-100% 10 $1,200,000 $120,000 $1,392 4.38%
    Under 20% 7 $175,000 $25,000 $570 5.70%