Valley State Bank Mortgage Rates, Fees & Info

BELLE PLAINE, KS

LEI: 21380055IMHX3N5UL146

Tax ID: 48-0459210

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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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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, Manhattan, Hutchinson, and Winfield among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Valley State 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.

    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

    71

    Origination Dollar Volume (All Markets)

    $7,685,000

    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) 67 $7,375,000 $110,075 $0 0.00%
    MANHATTAN, KS (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Hutchinson, KS (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Outside of Metro Areas 1 $35,000 $35,000 $0 0.00%
    Winfield, KS (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Valley State Bank's top markets include Wichita, Manhattan, Hutchinson, and Winfield among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 71 $7,685,000 $108,239 $0 0.00%

    For 2019, Valley State Bank's most frequently originated type of loan was Conventional, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 39 $5,285,000 $135,513 $0 0.00%
    Refi 25 $2,175,000 $87,000 $0 0.00%
    Home Improvement 6 $160,000 $26,667 $0 0.00%
    Other 1 $65,000 $65,000 $0 0.00%

    For 2019, Valley State Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 71 $7,685,000 $108,239 $0 0.00%

    For 2019, Valley State Bank's most frequently cited loan duration was Other, with 71 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 49 $2,715,000 $55,408 $0 0.00%
    $100k-200k 16 $2,210,000 $138,125 $0 0.00%
    $200k-400k 4 $980,000 $245,000 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%
    $400k-600k 1 $575,000 $575,000 $0 0.00%

    2019 saw Valley State Bank place emphasis on $100,000 or less loans with 49 originations, totaling $2,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 11 $875,000 $79,545 $0 0.00%
    $100k-150k 9 $835,000 $92,778 $0 0.00%
    $50k or less 8 $290,000 $36,250 $0 0.00%
    $75k-100k 8 $530,000 $66,250 $0 0.00%
    $150k-250k 7 $1,345,000 $192,143 $0 0.00%

    Valley State Bank lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $100k-150k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 71 $7,685,000 $108,239 $0 0.00%

    Valley State Bank lent most frequently to those with DTI ratios of Exempt%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 28 $3,810,000 $136,071 $0 0.00%
    White 40 $3,600,000 $90,000 $0 0.00%
    Black 1 $205,000 $205,000 $0 0.00%
    Not provided 2 $70,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.13%

    Valley State Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.24%

    Valley State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 71 $7,685,000 $108,239

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,005,000 $335,000
    Single Family (1-4 Units):Manufactured 3 $255,000 $85,000
    Single Family (1-4 Units):Site-Built 65 $6,425,000 $98,846

    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 $718
    The Valley State Bank 330 E. Madison Ste. 100 Derby, KS 67037 Full Service B&M $10,671
    The Valley State Bank 502 North Merchant Street Belle Plaine, KS 67013 Full Service B&M $60,372
    The Valley State Bank 5310 South Broadway Wichita, KS 67216 Full Service B&M $40,159

    For 2019, Valley State Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,318
    Net interest income $5,348
    Total noninterest income $478
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $244
    Trading account gains and fees $0
    Additional Noninterest Income $234
    Pre-tax net operating income $1,705
    Securities gains (or losses, -) $5
    Income before extraordinary items $1,335
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,335
    Minority interest net income $0
    Net income $1,335
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,331

    Valley State Bank's gross interest income from loans was $6,318,000.
    Valley State Bank's net interest income from loans was $5,348,000.
    Valley State Bank's fee based income from loans was $244,000.
    Valley State Bank's net income from loans was $1,335,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $970
    Provision for credit losses $278
    Total noninterest expense $3,843
    Salaries and employee benefits $2,363
    Premises and equipment expense $435
    Additional noninterest expense $1,045
    Applicable income taxes $375
    Net charge-offs $85
    Cash dividends $500

    Valley State Bank's interest expense for loans was $970,000.
    Valley State Bank's payroll and benefits expense were $2,363,000.
    Valley State Bank's property, plant and equipment expenses $435,000.

    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 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $108,356
    Deposits held in domestic offices $108,356
    Deposits by Individuals, partnerships, and corporations $91,084
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $14,783
    Deposits by Commercial banks and other depository institutions in U.S. $2,489
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $42,917
    Demand deposits $31,346
    Nontransaction accounts $65,439
    Money market deposit accounts (MMDAs) $18,041
    Other savings deposits (excluding MMDAs) $9,694
    Total time deposits $37,704
    Total time and savings deposits $77,010
    Noninterest-bearing deposits $31,585
    Interest-bearing deposits $76,771
    Retail deposits $92,129
    IRAs and Keogh plan accounts $8,934
    Brokered deposits $2,489
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $137,633
    Cash & Balances due from depository institutions $14,764
    Interest-bearing balances $12,257
    Total securities $29,723
    Federal funds sold & reverse repurchase $0
    Net loans and leases $90,637
    Loan and leases loss allowance $1,016
    Trading account assets $0
    Bank premises and fixed assets $847
    Other real estate owned $225
    Goodwill and other intangibles $0
    All other assets $1,437

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $137,633
    Total Liabilities $119,472
    Total deposits $108,356
    Interest-bearing deposits $76,771
    Deposits held in domestic offices $108,356
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,105
    Subordinated debt $0
    All other liabilities $1,011

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $90,637
    Loan and leases loss allowance $1,016
    Total loans and leases (domestic) $91,653
    All real estate loans $63,522
    Real estate loans in domestic offices $63,522
    Construction and development loans $4,159
    Residential 1-4 family construction $3,009
    Other construction, all land development and other land $1,150
    Loans secured by nonfarm nonresidential properties $25,980
    Nonfarm nonresidential secured by owner-occupied properties $18,173
    Commercial real estate & other non-farm, non-residential $7,807
    Multifamily residential real estate $208
    1-4 family residential loans $24,655
    Farmland loans $8,520
    Loans held in foreign offices $0
    Farm loans $2,382
    Commercial and industrial loans $11,132
    To non-U.S. addressees $0
    Loans to individuals $13,934
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $7,215
    Other loans to individuals $6,719
    All other loans & leases $682
    Loans to foreign governments and official institutions $0
    Other loans $24
    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

    VALLEY STATE BANK had $90,637,000 of loans outstanding in 2019. $63,522,000 of loans were in real estate loans. $4,159,000 of loans were in development loans. $208,000 of loans were in multifamily mortgage loans. $24,655,000 of loans were in 1-4 family mortgage loans. $2,382,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,215,000 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 $20,062 $204,714
    Nonfarm, nonresidential loans - <$100k 22 $759 $34,500
    Nonfarm, nonresidential loans - $100-250k 43 $5,269 $122,535
    Nonfarm, nonresidential loans - $250k-1MM 33 $14,034 $425,273
    Commercial & Industrial, US addressed loans - <$1MM 237 $11,004 $46,430
    Commercial & Industrial, US addressed loans - <$100k 203 $4,436 $21,852
    Commercial & Industrial, US addressed loans - $100-250k 21 $1,913 $91,095
    Commercial & Industrial, US addressed loans - $250k-1MM 13 $4,655 $358,077
    Farmland loans - <$1MM 38 $4,169 $109,711
    Farmland loans - <$100k 15 $514 $34,267
    Farmland loans - $100-250k 20 $2,964 $148,200
    Farmland loans - $250k-1MM 3 $691 $230,333
    Agriculture operations loans - <$1MM 74 $2,381 $32,176
    Agriculture operations loans - <$100k 65 $1,454 $22,369
    Agriculture operations loans - $100-250k 9 $927 $103,000