The Kaw Valley State Bank And Trust Company Of Wamego Kansas Mortgage Rates, Fees & Info

Wamego, KS

LEI: 254900N10G1D8QK8M334

Tax ID: 48-0292690

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Mortgage Data

Bank Data

Review & Overview

The Kaw Valley State Bank And Trust Company Of Wamego Kansas is a smaller bank specializing in Refi and Home Purchase loans. The Kaw Valley State Bank And Trust Company Of Wamego Kansas has a high proportion of conventional loans. Their top markets by origination volume include: Manhattan, Topeka, Kansas City, Hays, and Salina among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Kaw Valley State Bank And Trust Company Of Wamego Kansas 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.

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Originations

217

Origination Dollar Volume (All Markets)

$37,235,000

Employee count

41

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
MANHATTAN, KS (FHA|USDA|VA) 125 $19,455,000 $155,640 $0 0.00%
TOPEKA, KS (FHA|USDA|VA) 52 $9,140,000 $175,769 $0 0.00%
Outside of Metro Areas 29 $3,205,000 $110,517 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $2,650,000 $441,667 $0 0.00%
Hays, KS (FHA|USDA|VA) 1 $1,465,000 $1,465,000 $0 0.00%
Salina, KS (FHA|USDA|VA) 3 $1,105,000 $368,333 $0 0.00%
LAWRENCE, KS (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
The Kaw Valley State Bank And Trust Company Of Wamego Kansas's top markets include Manhattan, Topeka, Kansas City, Hays, and Salina among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 217 $37,235,000 $171,590 $0 0.00%

    For 2020, The Kaw Valley State Bank And Trust Company Of Wamego Kansas's most frequently originated type of loan was Conventional, with 217 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 94 $16,870,000 $179,468 $0 0.00%
    Home Purchase 92 $15,230,000 $165,543 $0 0.00%
    Cash Out Refi 28 $5,030,000 $179,643 $0 0.00%
    Home Improvement 2 $60,000 $30,000 $0 0.00%
    Other 1 $45,000 $45,000 $0 0.00%

    For 2020, The Kaw Valley State Bank And Trust Company Of Wamego Kansas's most frequently cited loan purpose was Refi, with 94 originations. The 2nd most popular reason was Home Purchase, with 92 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 217 $37,235,000 $171,590 $0 0.00%

    For 2020, The Kaw Valley State Bank And Trust Company Of Wamego Kansas's most frequently cited loan duration was Other, with 217 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 96 $14,410,000 $150,104 $0 0.00%
    $100,000 or less 67 $3,785,000 $56,493 $0 0.00%
    $200k-400k 48 $13,100,000 $272,917 $0 0.00%
    $1MM+ 3 $4,205,000 $1,401,667 $0 0.00%
    $400k-600k 2 $830,000 $415,000 $0 0.00%
    $600k-1MM 1 $905,000 $905,000 $0 0.00%

    2020 saw The Kaw Valley State Bank And Trust Company Of Wamego Kansas place emphasis on $100k-200k loans with 96 originations, totaling $14,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 43 $3,875,000 $90,116 $0 0.00%
    $50k-75k 42 $5,730,000 $136,429 $0 0.00%
    $75k-100k 39 $6,695,000 $171,667 $0 0.00%
    $100k-150k 35 $7,715,000 $220,429 $0 0.00%
    $150k-250k 13 $3,955,000 $304,231 $0 0.00%
    $250k+ 3 $465,000 $155,000 $0 0.00%

    The Kaw Valley State Bank And Trust Company Of Wamego Kansas lent most frequently to those with incomes in the $50k or less range, with 43 originations. The second most popular income band? $50k-75k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 217 $37,235,000 $171,590 $0 0.00%

    The Kaw Valley State Bank And Trust Company Of Wamego Kansas lent most frequently to those with DTI ratios of Exempt%, with 217 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 188 $28,630,000 $152,287 $0 0.00%
    Not applicable 18 $5,960,000 $331,111 $0 0.00%
    Not provided 6 $1,570,000 $261,667 $0 0.00%
    Asian 2 $690,000 $345,000 $0 0.00%
    Black 1 $215,000 $215,000 $0 0.00%
    American Indian 2 $170,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.84%

    The Kaw Valley State Bank And Trust Company Of Wamego Kansas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.86%

    The Kaw Valley State Bank And Trust Company Of Wamego Kansas has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 217 $37,235,000 $171,590

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $5,690,000 $569,000
    Single Family (1-4 Units):Manufactured 9 $475,000 $52,778
    Single Family (1-4 Units):Site-Built 198 $31,070,000 $156,919

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Kaw Valley State Bank and Trust Company 1015 Kaw Valley Park Circle Wamego, KS 66547 Full Service B&M $126,289
    Kaw Valley State Bank and Trust Company 103 E Parallel Street Clifton, KS 66937 Full Service B&M $21,219
    Kaw Valley State Bank and Trust Company 414 West Bertrand Avenue Saint Marys, KS 66536 Full Service B&M $36,071

    For 2020, The Kaw Valley State Bank And Trust Company Of Wamego Kansas had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,368
    Net interest income $6,061
    Total noninterest income $1,769
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $385
    Trading account gains and fees $0
    Additional Noninterest Income $1,384
    Pre-tax net operating income $2,781
    Securities gains (or losses, -) $20
    Income before extraordinary items $2,661
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,661
    Minority interest net income $0
    Net income $2,661
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,642

    The Kaw Valley State Bank And Trust Company Of Wamego Kansas's gross interest income from loans was $7,368,000.
    The Kaw Valley State Bank And Trust Company Of Wamego Kansas's net interest income from loans was $6,061,000.
    The Kaw Valley State Bank And Trust Company Of Wamego Kansas's fee based income from loans was $385,000.
    The Kaw Valley State Bank And Trust Company Of Wamego Kansas's net income from loans was $2,661,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,307
    Provision for credit losses $345
    Total noninterest expense $4,704
    Salaries and employee benefits $2,854
    Premises and equipment expense $574
    Additional noninterest expense $1,276
    Applicable income taxes $140
    Net charge-offs $-47
    Cash dividends $1,369

    The Kaw Valley State Bank And Trust Company Of Wamego Kansas's interest expense for loans was $1,307,000.
    The Kaw Valley State Bank And Trust Company Of Wamego Kansas's payroll and benefits expense were $2,854,000.
    The Kaw Valley State Bank And Trust Company Of Wamego Kansas's property, plant and equipment expenses $574,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 15.0%
    1-4 family residential loans 6.0%
    HELOC loans 0.0%
    All other family 7.0%
    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 $177,977
    Deposits held in domestic offices $177,977
    Deposits by Individuals, partnerships, and corporations $168,186
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,791
    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 $64,605
    Demand deposits $50,323
    Nontransaction accounts $113,372
    Money market deposit accounts (MMDAs) $49,853
    Other savings deposits (excluding MMDAs) $27,497
    Total time deposits $36,021
    Total time and savings deposits $127,654
    Noninterest-bearing deposits $50,301
    Interest-bearing deposits $127,675
    Retail deposits $172,944
    IRAs and Keogh plan accounts $8,905
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $205,279
    Cash & Balances due from depository institutions $22,941
    Interest-bearing balances $21,327
    Total securities $74,870
    Federal funds sold & reverse repurchase $0
    Net loans and leases $103,913
    Loan and leases loss allowance $2,121
    Trading account assets $0
    Bank premises and fixed assets $1,378
    Other real estate owned $295
    Goodwill and other intangibles $0
    All other assets $1,882

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $205,279
    Total Liabilities $180,154
    Total deposits $177,977
    Interest-bearing deposits $127,675
    Deposits held in domestic offices $177,977
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $1,084
    Trading liabilities $0
    Other borrowed funds $911
    Subordinated debt $0
    All other liabilities $182

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $103,913
    Loan and leases loss allowance $2,121
    Total loans and leases (domestic) $106,034
    All real estate loans $71,165
    Real estate loans in domestic offices $71,165
    Construction and development loans $2,396
    Residential 1-4 family construction $1,733
    Other construction, all land development and other land $663
    Loans secured by nonfarm nonresidential properties $16,371
    Nonfarm nonresidential secured by owner-occupied properties $4,202
    Commercial real estate & other non-farm, non-residential $12,169
    Multifamily residential real estate $2,600
    1-4 family residential loans $28,789
    Farmland loans $21,009
    Loans held in foreign offices $0
    Farm loans $11,000
    Commercial and industrial loans $18,823
    To non-U.S. addressees $0
    Loans to individuals $4,008
    Credit card loans $957
    Related Plans $0
    Consumer Auto Loans $1,442
    Other loans to individuals $1,609
    All other loans & leases $1,038
    Loans to foreign governments and official institutions $0
    Other loans $173
    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

    THE KAW VALLEY STATE BANK AND TRUST COMPANY OF WAMEGO KANSAS had $103,913,000 of loans outstanding in 2020. $71,165,000 of loans were in real estate loans. $2,396,000 of loans were in development loans. $2,600,000 of loans were in multifamily mortgage loans. $28,789,000 of loans were in 1-4 family mortgage loans. $11,000,000 of loans were in farm loans. $957,000 of loans were in credit card loans. $1,442,000 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 74 $14,352 $193,946
    Nonfarm, nonresidential loans - <$100k 36 $1,357 $37,694
    Nonfarm, nonresidential loans - $100-250k 19 $2,915 $153,421
    Nonfarm, nonresidential loans - $250k-1MM 19 $10,080 $530,526
    Commercial & Industrial, US addressed loans - <$1MM 120 $12,110 $100,917
    Commercial & Industrial, US addressed loans - <$100k 91 $2,497 $27,440
    Commercial & Industrial, US addressed loans - $100-250k 14 $2,445 $174,643
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $7,168 $477,867
    Farmland loans - <$1MM 88 $12,992 $147,636
    Farmland loans - <$100k 46 $1,837 $39,935
    Farmland loans - $100-250k 19 $2,976 $156,632
    Farmland loans - $250k-1MM 23 $8,179 $355,609
    Agriculture operations loans - <$1MM 89 $5,497 $61,764
    Agriculture operations loans - <$100k 69 $1,867 $27,058
    Agriculture operations loans - $100-250k 18 $2,910 $161,667
    Agriculture operations loans - $250k-1MM 2 $720 $360,000