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 Cash Out Refi loans. Keystone Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Cedar Rapids, Pella, and Ames among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Keystone Savings Bank has an average approval rate when compared to the average across all lenders. They have an above 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

    110

    Origination Dollar Volume (All Markets)

    $18,040,000

    Employee count

    31

    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) 46 $8,670,000 $188,478 $0 0.00%
    Outside of Metro Areas 35 $5,155,000 $147,286 $0 0.00%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 24 $3,210,000 $133,750 $0 0.00%
    Pella, IA (FHA|USDA|VA) 4 $940,000 $235,000 $0 0.00%
    AMES, IA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Keystone Savings Bank's top markets include Des Moines, Cedar Rapids, Pella, and Ames among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 110 $18,040,000 $164,000 $0 0.00%

    For 2020, Keystone Savings Bank's most frequently originated type of loan was Conventional, with 110 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 64 $11,160,000 $174,375 $0 0.00%
    Cash Out Refi 22 $3,660,000 $166,364 $0 0.00%
    Home Purchase 21 $3,035,000 $144,524 $0 0.00%
    Home Improvement 3 $185,000 $61,667 $0 0.00%

    For 2020, Keystone Savings Bank's most frequently cited loan purpose was Refi, with 64 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 110 $18,040,000 $164,000 $0 0.00%

    For 2020, Keystone Savings Bank's most frequently cited loan duration was Other, with 110 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 41 $6,395,000 $155,976 $0 0.00%
    $100,000 or less 37 $2,135,000 $57,703 $0 0.00%
    $200k-400k 28 $7,670,000 $273,929 $0 0.00%
    $400k-600k 4 $1,840,000 $460,000 $0 0.00%

    2020 saw Keystone Savings Bank place emphasis on $100k-200k loans with 41 originations, totaling $6,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 33 $6,415,000 $194,394 $0 0.00%
    $75k-100k 25 $3,295,000 $131,800 $0 0.00%
    $50k-75k 16 $1,580,000 $98,750 $0 0.00%
    $50k or less 13 $1,025,000 $78,846 $0 0.00%
    $150k-250k 8 $2,520,000 $315,000 $0 0.00%
    $250k+ 7 $1,975,000 $282,143 $0 0.00%

    Keystone Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $75k-100k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 110 $18,040,000 $164,000 $0 0.00%

    Keystone Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 110 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 102 $16,810,000 $164,804 $0 0.00%
    Not applicable 8 $1,230,000 $153,750 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.02%

    Keystone Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.36%

    Keystone Savings Bank 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 110 $18,040,000 $164,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $15,000 $15,000
    Single Family (1-4 Units):Site-Built 109 $18,025,000 $165,367

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Keystone Savings Bank 330 Western Avenue Marengo, IA 52301 Full Service B&M $32,398
    Keystone Savings Bank 606 Third Street Victor, IA 52347 Full Service B&M $35,525
    Keystone Savings Bank 6871 Ne 12th Ave. Pleasant Hill, IA 50327 Full Service B&M $19,361
    Keystone Savings Bank 807 Rosedale Drive Center Point, IA 52213 Full Service B&M $9,038
    Keystone Savings Bank 81 Main Street Keystone, IA 52249 Full Service B&M $43,645

    For 2020, Keystone Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,026
    Net interest income $5,212
    Total noninterest income $889
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $129
    Trading account gains and fees $0
    Additional Noninterest Income $760
    Pre-tax net operating income $1,390
    Securities gains (or losses, -) $13
    Income before extraordinary items $1,331
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,331
    Minority interest net income $0
    Net income $1,331
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,318

    Keystone Savings Bank's gross interest income from loans was $6,026,000.
    Keystone Savings Bank's net interest income from loans was $5,212,000.
    Keystone Savings Bank's fee based income from loans was $129,000.
    Keystone Savings Bank's net income from loans was $1,331,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $814
    Provision for credit losses $260
    Total noninterest expense $4,451
    Salaries and employee benefits $2,689
    Premises and equipment expense $453
    Additional noninterest expense $1,309
    Applicable income taxes $72
    Net charge-offs $-48
    Cash dividends $614

    Keystone Savings Bank's interest expense for loans was $814,000.
    Keystone Savings Bank's payroll and benefits expense were $2,689,000.
    Keystone Savings Bank's property, plant and equipment expenses $453,000.

    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 $162,530
    Deposits held in domestic offices $162,530
    Deposits by Individuals, partnerships, and corporations $146,729
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $15,552
    Deposits by Commercial banks and other depository institutions in U.S. $248
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $95,203
    Demand deposits $49,140
    Nontransaction accounts $67,326
    Money market deposit accounts (MMDAs) $7,913
    Other savings deposits (excluding MMDAs) $24,061
    Total time deposits $35,352
    Total time and savings deposits $113,389
    Noninterest-bearing deposits $49,640
    Interest-bearing deposits $112,890
    Retail deposits $153,373
    IRAs and Keogh plan accounts $4,368
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $181,594
    Cash & Balances due from depository institutions $27,339
    Interest-bearing balances $15,966
    Total securities $49,030
    Federal funds sold & reverse repurchase $15,776
    Net loans and leases $81,562
    Loan and leases loss allowance $990
    Trading account assets $0
    Bank premises and fixed assets $2,936
    Other real estate owned $0
    Goodwill and other intangibles $2,067
    All other assets $2,884

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $181,594
    Total Liabilities $163,831
    Total deposits $162,530
    Interest-bearing deposits $112,890
    Deposits held in domestic offices $162,530
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $778
    Subordinated debt $0
    All other liabilities $523

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $81,562
    Loan and leases loss allowance $990
    Total loans and leases (domestic) $82,552
    All real estate loans $61,560
    Real estate loans in domestic offices $61,560
    Construction and development loans $199
    Residential 1-4 family construction $199
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $18,809
    Nonfarm nonresidential secured by owner-occupied properties $14,903
    Commercial real estate & other non-farm, non-residential $3,906
    Multifamily residential real estate $188
    1-4 family residential loans $27,638
    Farmland loans $14,726
    Loans held in foreign offices $0
    Farm loans $5,860
    Commercial and industrial loans $12,540
    To non-U.S. addressees $0
    Loans to individuals $2,323
    Credit card loans $26
    Related Plans $106
    Consumer Auto Loans $1,969
    Other loans to individuals $222
    All other loans & leases $269
    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 $752
    Non 1-4 family restructured loans & leases $58
    Total loans and leases (foreign) $0

    Keystone Savings Bank had $81,562,000 of loans outstanding in 2020. $61,560,000 of loans were in real estate loans. $199,000 of loans were in development loans. $188,000 of loans were in multifamily mortgage loans. $27,638,000 of loans were in 1-4 family mortgage loans. $5,860,000 of loans were in farm loans. $26,000 of loans were in credit card loans. $1,969,000 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 50 $9,439 $188,780
    Nonfarm, nonresidential loans - <$100k 16 $461 $28,813
    Nonfarm, nonresidential loans - $100-250k 17 $2,396 $140,941
    Nonfarm, nonresidential loans - $250k-1MM 17 $6,582 $387,176
    Commercial & Industrial, US addressed loans - <$1MM 134 $9,709 $72,455
    Commercial & Industrial, US addressed loans - <$100k 90 $2,385 $26,500
    Commercial & Industrial, US addressed loans - $100-250k 33 $4,348 $131,758
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $2,976 $270,545
    Farmland loans - <$1MM 44 $5,677 $129,023
    Farmland loans - <$100k 8 $449 $56,125
    Farmland loans - $100-250k 23 $2,735 $118,913
    Farmland loans - $250k-1MM 13 $2,493 $191,769
    Agriculture operations loans - <$1MM 71 $3,525 $49,648
    Agriculture operations loans - <$100k 42 $776 $18,476
    Agriculture operations loans - $100-250k 22 $1,630 $74,091
    Agriculture operations loans - $250k-1MM 7 $1,119 $159,857