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, Branson, Winfield, and Hutchinson 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 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.

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    Originations

    80

    Origination Dollar Volume (All Markets)

    $8,730,000

    Employee count

    35

    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) 75 $7,335,000 $97,800 $0 0.00%
    Branson, MO (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 0.00%
    Winfield, KS (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
    Outside of Metro Areas 1 $85,000 $85,000 $0 0.00%
    Hutchinson, KS (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Valley State Bank's top markets include Wichita, Branson, Winfield, and Hutchinson among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 80 $8,730,000 $109,125 $0 0.00%

    For 2021, Valley State Bank's most frequently originated type of loan was Conventional, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 46 $5,590,000 $121,522 $0 0.00%
    Refi 20 $2,230,000 $111,500 $0 0.00%
    Home Improvement 13 $815,000 $62,692 $0 0.00%
    Other 1 $95,000 $95,000 $0 0.00%

    For 2021, Valley State Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 80 $8,730,000 $109,125 $0 0.00%

    For 2021, Valley State Bank's most frequently cited loan duration was Other, with 80 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 54 $3,480,000 $64,444 $0 0.00%
    $100k-200k 22 $3,150,000 $143,182 $0 0.00%
    $200k-400k 2 $620,000 $310,000 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%
    $400k-600k 1 $475,000 $475,000 $0 0.00%

    2021 saw Valley State Bank place emphasis on $100,000 or less loans with 54 originations, totaling $3,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 10 $570,000 $57,000 $0 0.00%
    $100k-150k 7 $665,000 $95,000 $0 0.00%
    $150k-250k 7 $595,000 $85,000 $0 0.00%
    $75k-100k 5 $275,000 $55,000 $0 0.00%
    $50k or less 3 $135,000 $45,000 $0 0.00%
    $250k+ 2 $1,380,000 $690,000 $0 0.00%

    Valley State Bank lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $100k-150k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 80 $8,730,000 $109,125 $0 0.00%

    Valley State Bank lent most frequently to those with DTI ratios of Exempt%, with 80 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 46 $5,110,000 $111,087 $0 0.00%
    White 30 $3,420,000 $114,000 $0 0.00%
    Black 3 $165,000 $55,000 $0 0.00%
    Not provided 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.55%

    Valley State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.25%

    Valley State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 80 $8,730,000 $109,125

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    80 $8,730,000 $109,125

    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 $1,113
    The Valley State Bank 330 E. Madison Ste. 100 Derby, KS 67037 Full Service B&M $14,287
    The Valley State Bank 502 North Merchant Street Belle Plaine, KS 67013 Full Service B&M $83,082
    The Valley State Bank 5310 South Broadway Wichita, KS 67216 Full Service B&M $52,678

    For 2021, Valley State Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,859
    Net interest income $6,077
    Total noninterest income $581
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $205
    Trading account gains and fees $0
    Additional Noninterest Income $376
    Pre-tax net operating income $2,281
    Securities gains (or losses, -) $7
    Income before extraordinary items $1,751
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,751
    Minority interest net income $0
    Net income $1,751
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,745

    Valley State Bank's gross interest income from loans was $6,859,000.
    Valley State Bank's net interest income from loans was $6,077,000.
    Valley State Bank's fee based income from loans was $205,000.
    Valley State Bank's net income from loans was $1,751,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $782
    Provision for credit losses $216
    Total noninterest expense $4,161
    Salaries and employee benefits $2,559
    Premises and equipment expense $418
    Additional noninterest expense $1,184
    Applicable income taxes $537
    Net charge-offs $104
    Cash dividends $500

    Valley State Bank's interest expense for loans was $782,000.
    Valley State Bank's payroll and benefits expense were $2,559,000.
    Valley State Bank's property, plant and equipment expenses $418,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 5.0%
    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 $151,581
    Deposits held in domestic offices $151,581
    Deposits by Individuals, partnerships, and corporations $126,195
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,471
    Deposits by Commercial banks and other depository institutions in U.S. $4,914
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $61,089
    Demand deposits $46,189
    Nontransaction accounts $90,491
    Money market deposit accounts (MMDAs) $34,088
    Other savings deposits (excluding MMDAs) $16,362
    Total time deposits $40,043
    Total time and savings deposits $105,391
    Noninterest-bearing deposits $46,448
    Interest-bearing deposits $105,133
    Retail deposits $136,944
    IRAs and Keogh plan accounts $8,816
    Brokered deposits $448
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $180,553
    Cash & Balances due from depository institutions $19,216
    Interest-bearing balances $16,144
    Total securities $63,451
    Federal funds sold & reverse repurchase $0
    Net loans and leases $95,161
    Loan and leases loss allowance $1,319
    Trading account assets $0
    Bank premises and fixed assets $970
    Other real estate owned $168
    Goodwill and other intangibles $0
    All other assets $1,587

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $180,553
    Total Liabilities $160,226
    Total deposits $151,581
    Interest-bearing deposits $105,133
    Deposits held in domestic offices $151,581
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $7,971
    Subordinated debt $0
    All other liabilities $674

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $95,161
    Loan and leases loss allowance $1,319
    Total loans and leases (domestic) $96,480
    All real estate loans $69,763
    Real estate loans in domestic offices $69,763
    Construction and development loans $7,100
    Residential 1-4 family construction $4,295
    Other construction, all land development and other land $2,805
    Loans secured by nonfarm nonresidential properties $27,868
    Nonfarm nonresidential secured by owner-occupied properties $23,924
    Commercial real estate & other non-farm, non-residential $3,944
    Multifamily residential real estate $0
    1-4 family residential loans $26,130
    Farmland loans $8,665
    Loans held in foreign offices $0
    Farm loans $1,797
    Commercial and industrial loans $11,056
    To non-U.S. addressees $0
    Loans to individuals $13,510
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $8,053
    Other loans to individuals $5,457
    All other loans & leases $354
    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 $82
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    VALLEY STATE BANK had $95,161,000 of loans outstanding in 2021. $69,763,000 of loans were in real estate loans. $7,100,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $26,130,000 of loans were in 1-4 family mortgage loans. $1,797,000 of loans were in farm loans. $0 of loans were in credit card loans. $8,053,000 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 111 $21,466 $193,387
    Nonfarm, nonresidential loans - <$100k 27 $937 $34,704
    Nonfarm, nonresidential loans - $100-250k 42 $4,468 $106,381
    Nonfarm, nonresidential loans - $250k-1MM 42 $16,061 $382,405
    Commercial & Industrial, US addressed loans - <$1MM 205 $7,756 $37,834
    Commercial & Industrial, US addressed loans - <$100k 178 $3,184 $17,888
    Commercial & Industrial, US addressed loans - $100-250k 19 $1,836 $96,632
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $2,736 $342,000
    Farmland loans - <$1MM 43 $5,107 $118,767
    Farmland loans - <$100k 15 $552 $36,800
    Farmland loans - $100-250k 25 $3,542 $141,680
    Farmland loans - $250k-1MM 3 $1,013 $337,667
    Agriculture operations loans - <$1MM 59 $1,797 $30,458
    Agriculture operations loans - <$100k 49 $901 $18,388
    Agriculture operations loans - $100-250k 9 $796 $88,444
    Agriculture operations loans - $250k-1MM 1 $100 $100,000