Keystone Savings Bank Mortgage Rates, Fees & Info

Marengo, IA

LEI: 254900I4Q994MFILTR26

Tax ID: 42-0357560

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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

    Keystone Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Keystone Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Cedar Rapids, Pella, Mason City, and Iowa City among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Keystone Savings 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

    94

    Origination Dollar Volume (All Markets)

    $12,750,000

    Employee count

    34

    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
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 40 $5,230,000 $130,750 $0 0.00%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 20 $3,640,000 $182,000 $0 0.00%
    Outside of Metro Areas 31 $3,355,000 $108,226 $0 0.00%
    Pella, IA (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    Mason City, IA (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    IOWA CITY, IA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Keystone Savings Bank's top markets include Des Moines, Cedar Rapids, Pella, Mason City, and Iowa City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 94 $12,750,000 $135,638 $0 0.00%

    For 2019, Keystone Savings Bank's most frequently originated type of loan was Conventional, with 94 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 59 $7,955,000 $134,831 $0 0.00%
    Home Purchase 28 $4,590,000 $163,929 $0 0.00%
    Home Improvement 5 $125,000 $25,000 $0 0.00%
    Other 2 $80,000 $40,000 $0 0.00%

    For 2019, Keystone Savings Bank's most frequently cited loan purpose was Refi, with 59 originations. The 2nd most popular reason was Home Purchase, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 94 $12,750,000 $135,638 $0 0.00%

    For 2019, Keystone Savings Bank's most frequently cited loan duration was Other, with 94 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 51 $3,155,000 $61,863 $0 0.00%
    $100k-200k 25 $3,525,000 $141,000 $0 0.00%
    $200k-400k 16 $4,200,000 $262,500 $0 0.00%
    $1MM+ 1 $1,435,000 $1,435,000 $0 0.00%
    $400k-600k 1 $435,000 $435,000 $0 0.00%

    2019 saw Keystone Savings Bank place emphasis on $100,000 or less loans with 51 originations, totaling $3,155,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 18 $1,780,000 $98,889 $0 0.00%
    $100k-150k 17 $3,715,000 $218,529 $0 0.00%
    $50k or less 16 $1,030,000 $64,375 $0 0.00%
    $75k-100k 11 $1,275,000 $115,909 $0 0.00%
    $150k-250k 8 $1,980,000 $247,500 $0 0.00%
    $250k+ 3 $745,000 $248,333 $0 0.00%

    Keystone Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 94 $12,750,000 $135,638 $0 0.00%

    Keystone Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 94 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 74 $10,990,000 $148,514 $0 0.00%
    Not applicable 18 $1,480,000 $82,222 $0 0.00%
    Not provided 2 $280,000 $140,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.60%

    Keystone Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.23%

    Keystone Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 94 $12,750,000 $135,638

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $115,000 $115,000
    Single Family (1-4 Units):Manufactured 3 $255,000 $85,000
    Single Family (1-4 Units):Site-Built 90 $12,380,000 $137,556

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Keystone Savings Bank 330 Western Avenue Marengo, IA 52301 Full Service B&M $23,434
    Keystone Savings Bank 606 Third Street Victor, IA 52347 Full Service B&M $31,796
    Keystone Savings Bank 6871 Ne 12th Ave. Pleasant Hill, IA 50327 Full Service B&M $16,289
    Keystone Savings Bank 807 Rosedale Drive Center Point, IA 52213 Full Service B&M $8,005
    Keystone Savings Bank 81 Main Street Keystone, IA 52249 Full Service B&M $40,469

    For 2019, Keystone Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,233
    Net interest income $5,383
    Total noninterest income $433
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $171
    Trading account gains and fees $0
    Additional Noninterest Income $262
    Pre-tax net operating income $1,132
    Securities gains (or losses, -) $48
    Income before extraordinary items $1,113
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,113
    Minority interest net income $0
    Net income $1,113
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,067

    Keystone Savings Bank's gross interest income from loans was $6,233,000.
    Keystone Savings Bank's net interest income from loans was $5,383,000.
    Keystone Savings Bank's fee based income from loans was $171,000.
    Keystone Savings Bank's net income from loans was $1,113,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $850
    Provision for credit losses $405
    Total noninterest expense $4,279
    Salaries and employee benefits $2,561
    Premises and equipment expense $431
    Additional noninterest expense $1,287
    Applicable income taxes $67
    Net charge-offs $273
    Cash dividends $621

    Keystone Savings Bank's interest expense for loans was $850,000.
    Keystone Savings Bank's payroll and benefits expense were $2,561,000.
    Keystone Savings Bank's property, plant and equipment expenses $431,000.

    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 $128,151
    Deposits held in domestic offices $128,151
    Deposits by Individuals, partnerships, and corporations $113,418
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $14,733
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $66,491
    Demand deposits $33,771
    Nontransaction accounts $61,660
    Money market deposit accounts (MMDAs) $6,750
    Other savings deposits (excluding MMDAs) $19,342
    Total time deposits $35,569
    Total time and savings deposits $94,380
    Noninterest-bearing deposits $34,000
    Interest-bearing deposits $94,151
    Retail deposits $123,521
    IRAs and Keogh plan accounts $4,666
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $145,431
    Cash & Balances due from depository institutions $10,362
    Interest-bearing balances $2,542
    Total securities $37,043
    Federal funds sold & reverse repurchase $981
    Net loans and leases $89,176
    Loan and leases loss allowance $682
    Trading account assets $0
    Bank premises and fixed assets $2,844
    Other real estate owned $74
    Goodwill and other intangibles $2,097
    All other assets $2,854

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $145,431
    Total Liabilities $129,412
    Total deposits $128,151
    Interest-bearing deposits $94,151
    Deposits held in domestic offices $128,151
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $861
    Subordinated debt $0
    All other liabilities $400

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $89,176
    Loan and leases loss allowance $682
    Total loans and leases (domestic) $89,858
    All real estate loans $67,155
    Real estate loans in domestic offices $67,155
    Construction and development loans $829
    Residential 1-4 family construction $609
    Other construction, all land development and other land $220
    Loans secured by nonfarm nonresidential properties $16,981
    Nonfarm nonresidential secured by owner-occupied properties $12,788
    Commercial real estate & other non-farm, non-residential $4,193
    Multifamily residential real estate $193
    1-4 family residential loans $30,395
    Farmland loans $18,757
    Loans held in foreign offices $0
    Farm loans $7,972
    Commercial and industrial loans $11,359
    To non-U.S. addressees $0
    Loans to individuals $3,043
    Credit card loans $22
    Related Plans $132
    Consumer Auto Loans $2,569
    Other loans to individuals $320
    All other loans & leases $329
    Loans to foreign governments and official institutions $0
    Other loans $0
    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

    Keystone Savings Bank had $89,176,000 of loans outstanding in 2019. $67,155,000 of loans were in real estate loans. $829,000 of loans were in development loans. $193,000 of loans were in multifamily mortgage loans. $30,395,000 of loans were in 1-4 family mortgage loans. $7,972,000 of loans were in farm loans. $22,000 of loans were in credit card loans. $2,569,000 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 56 $10,960 $195,714
    Nonfarm, nonresidential loans - <$100k 18 $587 $32,611
    Nonfarm, nonresidential loans - $100-250k 18 $2,669 $148,278
    Nonfarm, nonresidential loans - $250k-1MM 20 $7,704 $385,200
    Commercial & Industrial, US addressed loans - <$1MM 101 $7,643 $75,673
    Commercial & Industrial, US addressed loans - <$100k 64 $1,409 $22,016
    Commercial & Industrial, US addressed loans - $100-250k 27 $3,376 $125,037
    Commercial & Industrial, US addressed loans - $250k-1MM 10 $2,858 $285,800
    Farmland loans - <$1MM 51 $7,624 $149,490
    Farmland loans - <$100k 11 $548 $49,818
    Farmland loans - $100-250k 22 $2,912 $132,364
    Farmland loans - $250k-1MM 18 $4,164 $231,333
    Agriculture operations loans - <$1MM 79 $5,536 $70,076
    Agriculture operations loans - <$100k 49 $1,340 $27,347
    Agriculture operations loans - $100-250k 23 $2,584 $112,348
    Agriculture operations loans - $250k-1MM 7 $1,612 $230,286