Which banks are lending on multifamily and commercial real estate in Kentucky?
Reviewed by Dominick Prevete, Founder, Blue Sky Capital Advisors
LinkedInBlue Sky Capital Advisors LLC, NJ entity ID 0450507578 (verify on the NJ business search)
120 FDIC-insured banks headquartered in Kentucky with under $100 billion in assets held $3.7 billion of multifamily loans and $18.9 billion of commercial real estate loans at June 30, 2026, in Dominick Prevete's analysis of FDIC Call Report data for Blue Sky Capital Advisors, a commercial mortgage advisor. The two largest multifamily books are at Stock Yards Bank&Trust Co and Republic Bank&Trust Co. 4.8% of the state's bank CRE sits at banks at or above the 300% monitoring level, tied at rank 33 of 43 states.
Data as of June 30, 2026 (Q2 2026 FDIC Call Reports) · Retrieved October 12, 2026MethodologyDownload the Kentucky data (CSV)
Kentucky bank CRE at a glance
| Measure | Kentucky | U.S. | Rank of 43 |
|---|---|---|---|
| FDIC-insured banks | 120 | 4,281 | 13 (tied) |
| Multifamily loans | $3.7B | $405.2B | 26 |
| Total CRE loans | $18.9B | $1,600.5B | 26 |
| Multifamily growth, year over year | +16.8% | +3.5% | 4 |
| CRE growth, year over year | +5.9% | +3.4% | 12 |
| Share of CRE at banks at or above 300% | 4.8% | 25.0% | 33 (tied) |
| Share of CRE at banks at or above 200% | 59.6% | 71.0% | 32 |
| Banks growing multifamily | 15 of 22 (68.2%) | 670 of 1,066 (62.9%) | 15 |
CRE is construction, multifamily and non-owner-occupied commercial real estate loans. Growth is like for like: Kentucky banks that filed at both dates with no merger in the year. "Banks growing multifamily": of the 22 such Kentucky banks with a multifamily book of $25 million or more a year earlier, the 15 whose book is larger now; the rank orders that share.
What stands out in Kentucky
Like for like, Kentucky's banks' multifamily books grew 16.8% in the year to June 30, 2026, ranking 4th highest of the 43 ranked states (U.S.: +3.5%).
Banks here added multifamily loans faster than banks nationally, so a local bank is more likely to have room for a new apartment loan.
The 10 largest multifamily books hold 61.0% of Kentucky's bank multifamily loans, ranking 6th lowest of the 43 ranked states (median of the 43 states: 85.2%).
Multifamily loans here are spread across many banks, so a smaller community bank can be a real option alongside the largest holders.
Which Kentucky banks are growing multifamily?
| # | Bank | City | Multifamily loans | Multifamily, year over year | CRE concentration (% of capital) | CRE, 36 months |
|---|---|---|---|---|---|---|
| 1 | STOCK YARDS BANK&TRUST CO | LOUISVILLE | $547.1M | +14.1%‡ | 247.6% | +51.4%† |
| 2 | REPUBLIC BANK&TRUST CO | LOUISVILLE | $377.4M | +18.0% | 124.7% | +13.5% |
| 3 | CENTRAL BANK&TRUST CO | LEXINGTON | $343.6M | +52.9% | 261.2% | +51.7% |
| 4 | COMMUNITY TRUST BANK INC | PIKEVILLE | $233.0M | +11.6% | 154.4% | +17.6% |
| 5 | PLANTERS BANK INC | HOPKINSVILLE | $195.1M | +8.3% | 250.5% | −7.0% |
| 6 | FORCHT BANK NATIONAL ASSN | LEXINGTON | $138.1M | +17.6% | 248.9% | +8.3% |
| 7 | SOUTH CENTRAL BANK INC | GLASGOW | $117.7M | +24.3% | 284.3% | +33.5% |
| 8 | INDEPENDENCE BANK OF KY | OWENSBORO | $103.6M | +17.3% | 150.8% | +33.7% |
| 9 | EDMONTON STATE BANK | GLASGOW | $92.2M | +21.9% | 210.1% | +49.4%† |
| 10 | AMERICAN BANK&TRUST CO INC | BOWLING GREEN | $87.1M | +45.7% | 373.9% | +38.1% |
| 11 | HERITAGE BANK INC | BURLINGTON | $78.1M | +6.3% | 295.1% | +13.7% |
| 12 | MONTICELLO BANKING CO | MONTICELLO | $74.2M | −27.0% | 237.9% | −11.0% |
| 13 | WHITAKER BANK | LEXINGTON | $69.9M | +1.0% | 125.2% | +27.8% |
| 14 | TRADITIONAL BANK INC | MOUNT STERLING | $58.0M | −8.2% | 266.6% | +51.4% |
| 15 | CECILIAN BANK | CECILIA | $51.7M | −16.9% | 190.2% | +21.7% |
| 16 | FRANKLIN BANK&TRUST CO | FRANKLIN | $51.0M | −4.1% | 230.7% | +19.6% |
| 17 | PEOPLES EXCHANGE BANK | WINCHESTER | $40.2M | +5.0% | 223.9% | +34.0% |
| 18 | FIRST SOUTHERN NATIONAL BANK | LANCASTER | $38.0M | +117.9% | 146.8% | −8.6% |
| 19 | FARMERS NB OF DANVILLE | DANVILLE | $37.7M | −12.9% | 186.6% | +10.8% |
| 20 | UNITED CMTY BANK OF W KY INC | MORGANFIELD | $35.9M | +44.3% | 126.5% | +100.0% |
| 21 | CUMBERLAND VALLEY NB&T CO | LONDON | $35.8M | +4.7% | 238.4% | +14.6% |
| 22 | FARMERS BANK&TRUST CO | MARION | $35.7M | +31.6% | 245.9% | +43.4% |
| 23 | BANK OF THE BLUEGRASS&TR CO | LEXINGTON | $34.6M | −15.4% | 228.0% | +7.3% |
| 24 | COMMUNITY FINL SERVICES BK | BENTON | $31.6M | −21.9% | 82.6% | +1.3% |
| 25 | FIRST&FARMERS NB INC | SOMERSET | $28.9M | +10.6% | 80.9% | +7.3% |
‡ / † 2 of these 25 Kentucky banks absorbed another institution inside the year-over-year / 36-month window (FDIC structure history), so their change reflects a merger, not solely new lending. Names as filed in the FDIC financial data; city is the headquarters. Shading: 300% and over, and 200%–299%.
Banks with $100 billion or more in assets are left out of this table and the state ranks, as on the national page: the largest banks' balance sheets are national. None is headquartered in Kentucky.
This list is FDIC Call Report data, not a list of Blue Sky's lender relationships, and it isn't a ranking or endorsement. How Blue Sky gets paid →
Download every Kentucky bank (CSV)Every state, and the national picture →
What this means if you're a borrower in Kentucky
Banks that are adding multifamily loans tend to compete for them, so it is worth asking more than one Kentucky bank before taking the first terms you see.
Because Kentucky's multifamily loans are spread across many banks, smaller community banks belong on the list alongside the largest holders in the table above.
Dominick Prevete of Blue Sky Capital Advisors arranges multifamily and commercial financing for Kentucky properties with banks and other lenders, and is paid at closing (how Blue Sky gets paid). Call (908) 220-6404 or request a consultation.
Sources
- FFIEC Central Data Repository: public Call Reports as of June 30, 2026 — Every bank figure on this page: each bank's loans, capital, concentration and growth, from its Call Report as of June 30, 2026 (retrieved October 12, 2026).
- FDIC BankFind Suite: bank lookup — The banks named in the table: look up any Kentucky bank by name or FDIC certificate number to confirm its headquarters and status.
- Kentucky banks, bank by bank (CSV) — The 120 banks headquartered in Kentucky, as filed: the rows behind the tables and every state figure here.
- Methodology, sources and limitations — How CRE concentration, like-for-like growth and the ranks among the 43 states are computed.
Kentucky bank CRE: common questions
Which banks in Kentucky hold the most multifamily loans?+
Among banks headquartered in Kentucky with under $100 billion in assets, Stock Yards Bank&Trust Co ($547.1 million), Republic Bank&Trust Co ($377.4 million) and Central Bank&Trust Co ($343.6 million) held the largest multifamily books at June 30, 2026, according to FDIC Call Report data. The table on this page lists the 25 largest, with each bank's change over the year.
Are Kentucky banks still growing multifamily?+
Like for like, Kentucky's banks grew 16.8% their multifamily books in the year to June 30, 2026, against +3.5% for U.S. banks under $100 billion. 15 of the 22 Kentucky banks with a multifamily book of $25 million or more a year earlier grew it. Like for like means banks that filed at both dates with no merger in the year.
How concentrated is Kentucky bank CRE?+
4.8% of the CRE held by Kentucky's banks under $100 billion sits at banks at or above 300% of capital, the 2006 interagency monitoring level: tied at rank 33 of 43 states, against 25.0% nationally. 59.6% sits at banks at or above 200%. These are monitoring levels, not limits, and a bank above one is not in violation of anything.
Why don't national banks appear in this list?+
Banks with $100 billion or more in assets are left out of this page's tables and ranks, as on the national page: the largest banks' balance sheets are national, so their headquarters state says little about where they lend. None is headquartered in Kentucky. Every bank here is listed by headquarters state, not by where its loans are.
How often is this updated?+
Every quarter, after banks file their Call Reports. This Kentucky page reflects the 120 Kentucky banks' June 30, 2026 (Q2 2026) filings, retrieved October 12, 2026; Q3 2026 data is expected in December 2026.
What this table is not. Concentration ratios are computed from each Kentucky bank's own public regulatory filings and describe portfolio composition relative to capital — nothing here is a statement about any institution's safety, soundness, or condition, and exceeding a supervisory monitoring criterion is neither a violation nor a supervisory finding. Blue Sky Capital Advisors is a commercial mortgage advisory firm, not a bank rating agency.