Valley State Bank Mortgage Rates, Fees & Info

BELLE PLAINE, KS

LEI: 21380055IMHX3N5UL146

Tax ID: 48-0459210

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

Jump to:

Mortgage Data

Bank Data

Review & Overview

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

Valley State 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.

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

57

Origination Dollar Volume (All Markets)

$5,595,000

Employee count

33

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
WICHITA, KS (FHA|USDA|VA) 55 $5,435,000 $98,818 $0 0.00%
Winfield, KS (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
TOPEKA, KS (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Valley State Bank's top markets include Wichita, Winfield, and Topeka among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 57 $5,595,000 $98,158 $0 0.00%

    For 2018, Valley State Bank's most frequently originated type of loan was Conventional, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 33 $3,535,000 $107,121 $0 0.00%
    Refi 16 $1,640,000 $102,500 $0 0.00%
    Home Improvement 7 $405,000 $57,857 $0 0.00%
    Other 1 $15,000 $15,000 $0 0.00%

    For 2018, Valley State Bank's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 57 $5,595,000 $98,158 $0 0.00%

    For 2018, Valley State Bank's most frequently cited loan duration was Other, with 57 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 38 $1,970,000 $51,842 $0 0.00%
    $100k-200k 13 $1,895,000 $145,769 $0 0.00%
    $200k-400k 6 $1,730,000 $288,333 $0 0.00%

    2018 saw Valley State Bank place emphasis on $100,000 or less loans with 38 originations, totaling $1,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 13 $855,000 $65,769 $0 0.00%
    $50k-75k 8 $530,000 $66,250 $0 0.00%
    $50k or less 6 $190,000 $31,667 $0 0.00%
    $150k-250k 5 $685,000 $137,000 $0 0.00%
    $100k-150k 4 $370,000 $92,500 $0 0.00%
    $250k+ 2 $550,000 $275,000 $0 0.00%

    Valley State Bank lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $50k-75k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 57 $5,595,000 $98,158 $0 0.00%

    Valley State Bank lent most frequently to those with DTI ratios of Exempt%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 38 $3,180,000 $83,684 $0 0.00%
    Not applicable 19 $2,415,000 $127,105 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.68%

    Valley State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.18%

    Valley State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 57 $5,595,000 $98,158

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $245,000 $81,667
    Single Family (1-4 Units):Site-Built 54 $5,350,000 $99,074

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Valley State Bank 2100 W 55th St S Wichita, KS 67217 Full Service B&M $533
    The Valley State Bank 330 E. Madison Ste. 100 Derby, KS 67037 Full Service B&M $8,820
    The Valley State Bank 502 North Merchant Street Belle Plaine, KS 67013 Full Service B&M $59,992
    The Valley State Bank 5310 South Broadway Wichita, KS 67216 Full Service B&M $36,864

    For 2018, Valley State Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,412
    Net interest income $4,673
    Total noninterest income $500
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $257
    Trading account gains and fees $0
    Additional Noninterest Income $243
    Pre-tax net operating income $1,542
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,208
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,208
    Minority interest net income $0
    Net income $1,208
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,208

    Valley State Bank's gross interest income from loans was $5,412,000.
    Valley State Bank's net interest income from loans was $4,673,000.
    Valley State Bank's fee based income from loans was $257,000.
    Valley State Bank's net income from loans was $1,208,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $739
    Provision for credit losses $78
    Total noninterest expense $3,553
    Salaries and employee benefits $2,205
    Premises and equipment expense $475
    Additional noninterest expense $873
    Applicable income taxes $334
    Net charge-offs $86
    Cash dividends $450

    Valley State Bank's interest expense for loans was $739,000.
    Valley State Bank's payroll and benefits expense were $2,205,000.
    Valley State Bank's property, plant and equipment expenses $475,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $103,453
    Deposits held in domestic offices $103,453
    Deposits by Individuals, partnerships, and corporations $87,914
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,554
    Deposits by Commercial banks and other depository institutions in U.S. $2,985
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $40,352
    Demand deposits $29,722
    Nontransaction accounts $63,101
    Money market deposit accounts (MMDAs) $17,625
    Other savings deposits (excluding MMDAs) $8,909
    Total time deposits $36,566
    Total time and savings deposits $73,731
    Noninterest-bearing deposits $29,996
    Interest-bearing deposits $73,457
    Retail deposits $88,825
    IRAs and Keogh plan accounts $9,246
    Brokered deposits $2,985
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $125,961
    Cash & Balances due from depository institutions $9,727
    Interest-bearing balances $6,214
    Total securities $32,863
    Federal funds sold & reverse repurchase $0
    Net loans and leases $81,007
    Loan and leases loss allowance $823
    Trading account assets $0
    Bank premises and fixed assets $917
    Other real estate owned $225
    Goodwill and other intangibles $0
    All other assets $1,222

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $125,961
    Total Liabilities $109,018
    Total deposits $103,453
    Interest-bearing deposits $73,457
    Deposits held in domestic offices $103,453
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,111
    Subordinated debt $0
    All other liabilities $454

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $81,007
    Loan and leases loss allowance $823
    Total loans and leases (domestic) $81,830
    All real estate loans $56,942
    Real estate loans in domestic offices $56,942
    Construction and development loans $1,474
    Residential 1-4 family construction $770
    Other construction, all land development and other land $704
    Loans secured by nonfarm nonresidential properties $25,117
    Nonfarm nonresidential secured by owner-occupied properties $18,090
    Commercial real estate & other non-farm, non-residential $7,027
    Multifamily residential real estate $227
    1-4 family residential loans $23,705
    Farmland loans $6,419
    Loans held in foreign offices $0
    Farm loans $3,404
    Commercial and industrial loans $9,757
    To non-U.S. addressees $0
    Loans to individuals $11,002
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,715
    Other loans to individuals $5,287
    All other loans & leases $726
    Loans to foreign governments and official institutions $0
    Other loans $18
    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 $3
    Non 1-4 family restructured loans & leases $3
    Total loans and leases (foreign) $0

    VALLEY STATE BANK had $81,007,000 of loans outstanding in 2018. $56,942,000 of loans were in real estate loans. $1,474,000 of loans were in development loans. $227,000 of loans were in multifamily mortgage loans. $23,705,000 of loans were in 1-4 family mortgage loans. $3,404,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,715,000 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 98 $17,820 $181,837
    Nonfarm, nonresidential loans - <$100k 31 $1,017 $32,806
    Nonfarm, nonresidential loans - $100-250k 37 $4,803 $129,811
    Nonfarm, nonresidential loans - $250k-1MM 30 $12,000 $400,000
    Commercial & Industrial, US addressed loans - <$1MM 227 $8,855 $39,009
    Commercial & Industrial, US addressed loans - <$100k 196 $4,119 $21,015
    Commercial & Industrial, US addressed loans - $100-250k 23 $2,087 $90,739
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $2,649 $331,125
    Farmland loans - <$1MM 33 $3,077 $93,242
    Farmland loans - <$100k 16 $528 $33,000
    Farmland loans - $100-250k 15 $2,096 $139,733
    Farmland loans - $250k-1MM 2 $453 $226,500
    Agriculture operations loans - <$1MM 81 $3,404 $42,025
    Agriculture operations loans - <$100k 68 $1,622 $23,853
    Agriculture operations loans - $100-250k 13 $1,782 $137,077