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
  • Complaints
  • 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: Cedar Rapids, Des Moines, Muscatine, and Pella 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 above 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    104

    Origination Dollar Volume (All Markets)

    $19,820,000

    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
    CEDAR RAPIDS, IA (FHA|USDA|VA) 34 $9,250,000 $272,059 $0 0.00%
    Outside of Metro Areas 48 $5,350,000 $111,458 $0 0.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 20 $3,870,000 $193,500 $0 0.00%
    Muscatine, IA (FHA|USDA|VA) 1 $1,215,000 $1,215,000 $0 0.00%
    Pella, IA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Keystone Savings Bank's top markets include Cedar Rapids, Des Moines, Muscatine, and Pella among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 104 $19,820,000 $190,577 $0 0.00%

    For 2021, Keystone Savings Bank's most frequently originated type of loan was Conventional, with 104 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 81 $14,525,000 $179,321 $0 0.00%
    Home Purchase 22 $5,240,000 $238,182 $0 0.00%
    Other 1 $55,000 $55,000 $0 0.00%

    For 2021, Keystone Savings Bank's most frequently cited loan purpose was Refi, with 81 originations. The 2nd most popular reason was Home Purchase, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 104 $19,820,000 $190,577 $0 0.00%

    For 2021, Keystone Savings Bank's most frequently cited loan duration was Other, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 43 $6,035,000 $140,349 $0 0.00%
    $100,000 or less 37 $2,455,000 $66,351 $0 0.00%
    $200k-400k 19 $5,035,000 $265,000 $0 0.00%
    $1MM+ 3 $5,115,000 $1,705,000 $0 0.00%
    $400k-600k 1 $425,000 $425,000 $0 0.00%
    $600k-1MM 1 $755,000 $755,000 $0 0.00%

    2021 saw Keystone Savings Bank place emphasis on $100k-200k loans with 43 originations, totaling $6,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 22 $3,590,000 $163,182 $0 0.00%
    $50k-75k 21 $2,165,000 $103,095 $0 0.00%
    $75k-100k 21 $2,415,000 $115,000 $0 0.00%
    $150k-250k 13 $2,795,000 $215,000 $0 0.00%
    $50k or less 13 $1,045,000 $80,385 $0 0.00%
    $250k+ 4 $960,000 $240,000 $0 0.00%

    Keystone Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $50k-75k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 104 $19,820,000 $190,577 $0 0.00%

    Keystone Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 92 $12,750,000 $138,587 $0 0.00%
    Not applicable 8 $6,390,000 $798,750 $0 0.00%
    Not provided 3 $545,000 $181,667 $0 0.00%
    Asian 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.04%

    Keystone Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.08%

    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 104 $19,820,000 $190,577

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    104 $19,820,000 $190,577

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Keystone Funding, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Keystone Savings Bank 330 Western Avenue Marengo, IA 52301 Full Service B&M $35,894
    Keystone Savings Bank 606 Third Street Victor, IA 52347 Full Service B&M $39,349
    Keystone Savings Bank 6871 Ne 12th Ave. Pleasant Hill, IA 50327 Full Service B&M $16,835
    Keystone Savings Bank 807 Rosedale Drive Center Point, IA 52213 Full Service B&M $12,084
    Keystone Savings Bank 81 Main Street Keystone, IA 52249 Full Service B&M $53,175

    For 2021, Keystone Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,390
    Net interest income $4,927
    Total noninterest income $1,247
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $119
    Trading account gains and fees $0
    Additional Noninterest Income $1,128
    Pre-tax net operating income $1,197
    Securities gains (or losses, -) $118
    Income before extraordinary items $1,250
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,250
    Minority interest net income $0
    Net income $1,250
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,137

    Keystone Savings Bank's gross interest income from loans was $5,390,000.
    Keystone Savings Bank's net interest income from loans was $4,927,000.
    Keystone Savings Bank's fee based income from loans was $119,000.
    Keystone Savings Bank's net income from loans was $1,250,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $463
    Provision for credit losses $65
    Total noninterest expense $4,912
    Salaries and employee benefits $2,881
    Premises and equipment expense $554
    Additional noninterest expense $1,477
    Applicable income taxes $65
    Net charge-offs $44
    Cash dividends $725

    Keystone Savings Bank's interest expense for loans was $463,000.
    Keystone Savings Bank's payroll and benefits expense were $2,881,000.
    Keystone Savings Bank's property, plant and equipment expenses $554,000.

    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 $155,150
    Deposits held in domestic offices $155,150
    Deposits by Individuals, partnerships, and corporations $136,328
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $18,375
    Deposits by Commercial banks and other depository institutions in U.S. $447
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $85,543
    Demand deposits $47,778
    Nontransaction accounts $69,607
    Money market deposit accounts (MMDAs) $8,381
    Other savings deposits (excluding MMDAs) $28,625
    Total time deposits $32,601
    Total time and savings deposits $107,372
    Noninterest-bearing deposits $47,890
    Interest-bearing deposits $107,260
    Retail deposits $146,918
    IRAs and Keogh plan accounts $4,126
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $177,381
    Cash & Balances due from depository institutions $13,392
    Interest-bearing balances $7,656
    Total securities $57,129
    Federal funds sold & reverse repurchase $100
    Net loans and leases $99,265
    Loan and leases loss allowance $1,011
    Trading account assets $0
    Bank premises and fixed assets $2,892
    Other real estate owned $0
    Goodwill and other intangibles $1,825
    All other assets $2,778

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $177,381
    Total Liabilities $156,258
    Total deposits $155,150
    Interest-bearing deposits $107,260
    Deposits held in domestic offices $155,150
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $695
    Subordinated debt $0
    All other liabilities $413

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $99,265
    Loan and leases loss allowance $1,011
    Total loans and leases (domestic) $100,276
    All real estate loans $79,458
    Real estate loans in domestic offices $79,458
    Construction and development loans $692
    Residential 1-4 family construction $692
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $36,446
    Nonfarm nonresidential secured by owner-occupied properties $17,427
    Commercial real estate & other non-farm, non-residential $19,019
    Multifamily residential real estate $0
    1-4 family residential loans $30,396
    Farmland loans $11,924
    Loans held in foreign offices $0
    Farm loans $4,160
    Commercial and industrial loans $14,588
    To non-U.S. addressees $0
    Loans to individuals $1,862
    Credit card loans $27
    Related Plans $90
    Consumer Auto Loans $1,577
    Other loans to individuals $168
    All other loans & leases $208
    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 $725
    Non 1-4 family restructured loans & leases $46
    Total loans and leases (foreign) $0

    Keystone Savings Bank had $99,265,000 of loans outstanding in 2021. $79,458,000 of loans were in real estate loans. $692,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $30,396,000 of loans were in 1-4 family mortgage loans. $4,160,000 of loans were in farm loans. $27,000 of loans were in credit card loans. $1,577,000 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 52 $10,855 $208,750
    Nonfarm, nonresidential loans - <$100k 15 $657 $43,800
    Nonfarm, nonresidential loans - $100-250k 19 $2,751 $144,789
    Nonfarm, nonresidential loans - $250k-1MM 18 $7,447 $413,722
    Commercial & Industrial, US addressed loans - <$1MM 88 $7,336 $83,364
    Commercial & Industrial, US addressed loans - <$100k 46 $1,460 $31,739
    Commercial & Industrial, US addressed loans - $100-250k 31 $3,446 $111,161
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $2,430 $220,909
    Farmland loans - <$1MM 39 $4,826 $123,744
    Farmland loans - <$100k 9 $430 $47,778
    Farmland loans - $100-250k 20 $2,455 $122,750
    Farmland loans - $250k-1MM 10 $1,941 $194,100
    Agriculture operations loans - <$1MM 64 $3,568 $55,750
    Agriculture operations loans - <$100k 37 $930 $25,135
    Agriculture operations loans - $100-250k 21 $1,402 $66,762
    Agriculture operations loans - $250k-1MM 6 $1,236 $206,000