Exchange Bank & Trust Mortgage Rates, Fees & Info

Atchison, KS

LEI: 2549006U8SXATH10WI14

Tax ID: 48-0212120

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

Review & Overview

Exchange Bank & Trust is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Exchange Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, St. Joseph, Atchison, Lawrence, and Topeka among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Exchange 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.

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Originations

118

Origination Dollar Volume (All Markets)

$12,510,000

Employee count

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
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	34	$4,520,000	$132,941	$0	0.00%
ST. JOSEPH, MO-KS (FHA\|USDA\|VA)	30	$3,750,000	$125,000	$0	0.00%
Atchison, KS (FHA\|USDA\|VA)	46	$3,590,000	$78,043	$0	0.00%
LAWRENCE, KS (FHA\|USDA\|VA)	3	$355,000	$118,333	$0	0.00%
TOPEKA, KS (FHA\|USDA\|VA)	5	$295,000	$59,000	$0	0.00%

Exchange Bank & Trust's top markets include Kansas City, St. Joseph, Atchison, Lawrence, and Topeka 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	118	$12,510,000	$106,017	$0	0.00%

For 2018, Exchange Bank & Trust's most frequently originated type of loan was Conventional, with 118 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	58	$7,540,000	$130,000	$0	0.00%
Cash Out Refi	33	$2,985,000	$90,455	$0	0.00%
Other	10	$510,000	$51,000	$0	0.00%
Refi	10	$1,120,000	$112,000	$0	0.00%
Home Improvement	7	$355,000	$50,714	$0	0.00%

For 2018, Exchange Bank & Trust's most frequently cited loan purpose was Home Purchase, with 58 originations. The 2nd most popular reason was Cash Out Refi, with 33 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	118	$12,510,000	$106,017	$0	0.00%

For 2018, Exchange Bank & Trust's most frequently cited loan duration was Other, with 118 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	87	$4,175,000	$47,989	$0	0.00%
$100k-200k	20	$2,910,000	$145,500	$0	0.00%
$200k-400k	8	$1,900,000	$237,500	$0	0.00%
$1MM+	2	$2,970,000	$1,485,000	$0	0.00%
$400k-600k	1	$555,000	$555,000	$0	0.00%

2018 saw Exchange Bank & Trust place emphasis on $100,000 or less loans with 87 originations, totaling $4,175,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	35	$2,375,000	$67,857	$0	0.00%
$75k-100k	18	$1,700,000	$94,444	$0	0.00%
$50k or less	17	$835,000	$49,118	$0	0.00%
$100k-150k	12	$1,260,000	$105,000	$0	0.00%
$150k-250k	10	$980,000	$98,000	$0	0.00%
$250k+	2	$490,000	$245,000	$0	0.00%

Exchange Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 35 originations. The second most popular income band? $75k-100k, with 18 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	118	$12,510,000	$106,017	$0	0.00%

Exchange Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 118 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	92	$7,440,000	$80,870	$0	0.00%
Not applicable	24	$4,870,000	$202,917	$0	0.00%
American Indian	1	$135,000	$135,000	$0	0.00%
Black	1	$65,000	$65,000	$0	0.00%

Approval Rates

Total approvals of all applications
91.60%

Exchange Bank & Trust has an average approval rate.

Pick Rate

Approvals leading to origination
98.31%

Exchange Bank & Trust has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	118	$12,510,000	$106,017

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	2	$2,970,000	$1,485,000
Single Family (1-4 Units):Manufactured	7	$575,000	$82,143
Single Family (1-4 Units):Site-Built	109	$8,965,000	$82,248

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Exchange Bank & Trust	121 South Main Street Troy, KS 66087	Full Service B&M	$24,298
Exchange Bank & Trust	201 Valley Rushville, MO 64484	Full Service B&M	$23,956
Exchange Bank & Trust	2016 West 59 Highway Atchison, KS 66002	Full Service B&M	$1,708
Exchange Bank & Trust	216 W Riley Easton, KS 66020	Full Service B&M	$20,855
Exchange Bank & Trust	399 Centre Drive Lansing, KS 66043	Full Service B&M	$18,593
Exchange Bank & Trust	423 Main Street Effingham, KS 66023	Full Service B&M	$21,099
Exchange Bank & Trust	600 Commercial Street Atchison, KS 66002	Full Service B&M	$202,641
Exchange Bank & Trust	630 Delaware Street Leavenworth, KS 66048	Full Service B&M	$52,953
Exchange Bank & Trust	701 Shawnee Street Leavenworth, KS 66048	Limited, Drive-thru	$0
Exchange Bank & Trust	712 Kansas Avenue Limited Service-Dr Atchison, KS 66002	Limited, Drive-thru	$0

For 2018, Exchange Bank & Trust had 10 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$15,393
Net interest income	$13,833
Total noninterest income	$2,679
Gross Fiduciary activities income	$124
Service charges on deposit accounts	$1,275
Trading account gains and fees	$0
Additional Noninterest Income	$1,280
Pre-tax net operating income	$6,399
Securities gains (or losses, -)	$0
Income before extraordinary items	$5,014
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$5,014
Minority interest net income	$0
Net income	$5,014
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$5,014

Exchange Bank & Trust's gross interest income from loans was $15,393,000.
Exchange Bank & Trust's net interest income from loans was $13,833,000.
Exchange Bank & Trust's fee based income from loans was $1,275,000.
Exchange Bank & Trust's net income from loans was $5,014,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,560
Provision for credit losses	$180
Total noninterest expense	$9,933
Salaries and employee benefits	$5,656
Premises and equipment expense	$1,089
Additional noninterest expense	$3,188
Applicable income taxes	$1,385
Net charge-offs	$36
Cash dividends	$2,604

Exchange Bank & Trust's interest expense for loans was $1,560,000.
Exchange Bank & Trust's payroll and benefits expense were $5,656,000.
Exchange Bank & Trust's property, plant and equipment expenses $1,089,000.

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	0.0%
HELOC loans	0.0%
All other family	0.0%
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	$378,950
Deposits held in domestic offices	$378,950
Deposits by Individuals, partnerships, and corporations	$329,302
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$49,465
Deposits by Commercial banks and other depository institutions in U.S.	$183
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$35,497
Demand deposits	$24,741
Nontransaction accounts	$343,453
Money market deposit accounts (MMDAs)	$22,684
Other savings deposits (excluding MMDAs)	$248,721
Total time deposits	$72,048
Total time and savings deposits	$354,209
Noninterest-bearing deposits	$24,741
Interest-bearing deposits	$354,210
Retail deposits	$371,833
IRAs and Keogh plan accounts	$15,670
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$433,806
Cash & Balances due from depository institutions	$54,062
Interest-bearing balances	$48,222
Total securities	$94,279
Federal funds sold & reverse repurchase	$0
Net loans and leases	$275,104
Loan and leases loss allowance	$3,862
Trading account assets	$0
Bank premises and fixed assets	$4,711
Other real estate owned	$0
Goodwill and other intangibles	$176
All other assets	$5,474

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$433,806
Total Liabilities	$392,187
Total deposits	$378,950
Interest-bearing deposits	$354,210
Deposits held in domestic offices	$378,950
% insured (estimated)	$81
Federal funds purchased and repurchase agreements	$9,550
Trading liabilities	$0
Other borrowed funds	$793
Subordinated debt	$0
All other liabilities	$2,894

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$275,104
Loan and leases loss allowance	$3,862
Total loans and leases (domestic)	$278,966
All real estate loans	$148,976
Real estate loans in domestic offices	$148,976
Construction and development loans	$8,212
Residential 1-4 family construction	$4,348
Other construction, all land development and other land	$3,864
Loans secured by nonfarm nonresidential properties	$18,037
Nonfarm nonresidential secured by owner-occupied properties	$14,693
Commercial real estate & other non-farm, non-residential	$3,344
Multifamily residential real estate	$2,223
1-4 family residential loans	$70,016
Farmland loans	$50,488
Loans held in foreign offices	$0
Farm loans	$36,688
Commercial and industrial loans	$24,006
To non-U.S. addressees	$0
Loans to individuals	$66,260
Credit card loans	$0
Related Plans	$82
Consumer Auto Loans	$50,193
Other loans to individuals	$15,985
All other loans & leases	$3,036
Loans to foreign governments and official institutions	$0
Other loans	$132
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$8,935
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

Exchange Bank & Trust had $275,104,000 of loans outstanding in 2018. $148,976,000 of loans were in real estate loans. $8,212,000 of loans were in development loans. $2,223,000 of loans were in multifamily mortgage loans. $70,016,000 of loans were in 1-4 family mortgage loans. $36,688,000 of loans were in farm loans. $0 of loans were in credit card loans. $50,193,000 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	116	$12,872	$110,966
Nonfarm, nonresidential loans - <$100k	76	$3,041	$40,013
Nonfarm, nonresidential loans - $100-250k	27	$4,418	$163,630
Nonfarm, nonresidential loans - $250k-1MM	13	$5,413	$416,385
Commercial & Industrial, US addressed loans - <$1MM	425	$16,689	$39,268
Commercial & Industrial, US addressed loans - <$100k	386	$7,935	$20,557
Commercial & Industrial, US addressed loans - $100-250k	27	$3,792	$140,444
Commercial & Industrial, US addressed loans - $250k-1MM	12	$4,962	$413,500
Farmland loans - <$1MM	302	$37,310	$123,543
Farmland loans - <$100k	162	$8,206	$50,654
Farmland loans - $100-250k	100	$15,708	$157,080
Farmland loans - $250k-1MM	40	$13,396	$334,900
Agriculture operations loans - <$1MM	947	$30,401	$32,102
Agriculture operations loans - <$100k	875	$16,687	$19,071
Agriculture operations loans - $100-250k	57	$8,666	$152,035
Agriculture operations loans - $250k-1MM	15	$5,048	$336,533