Kearney Trust Company Mortgage Rates, Fees & Info

Kearney, MO

LEI: 254900OI3V8V16I60I06

Tax ID: 44-0310650

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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

    Kearney Trust Company is a smaller mortgage company specializing in Home Purchase and Refi loans. Kearney Trust Company has a high proportion of conventional loans. Their top two markets are Kansas City and Springfield .

    Kearney Trust Company 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

    59

    Origination Dollar Volume (All Markets)

    $8,925,000

    Employee count

    36

    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) 56 $7,950,000 $141,964 $0 0.00%
    Outside of Metro Areas 2 $710,000 $355,000 $0 0.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    Kearney Trust Company's top markets include Kansas City and Springfield among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 59 $8,925,000 $151,271 $0 0.00%

    For 2019, Kearney Trust Company's most frequently originated type of loan was Conventional, with 59 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 31 $5,175,000 $166,935 $0 0.00%
    Refi 17 $3,245,000 $190,882 $0 0.00%
    Home Improvement 7 $415,000 $59,286 $0 0.00%
    Other 4 $90,000 $22,500 $0 0.00%

    For 2019, Kearney Trust Company's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 59 $8,925,000 $151,271 $0 0.00%

    For 2019, Kearney Trust Company's most frequently cited loan duration was Other, with 59 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 24 $1,120,000 $46,667 $0 0.00%
    $100k-200k 19 $2,605,000 $137,105 $0 0.00%
    $200k-400k 12 $2,910,000 $242,500 $0 0.00%
    $400k-600k 2 $900,000 $450,000 $0 0.00%
    $600k-1MM 2 $1,390,000 $695,000 $0 0.00%

    2019 saw Kearney Trust Company place emphasis on $100,000 or less loans with 24 originations, totaling $1,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 12 $1,130,000 $94,167 $0 0.00%
    $150k-250k 9 $1,165,000 $129,444 $0 0.00%
    $75k-100k 9 $1,405,000 $156,111 $0 0.00%
    $50k-75k 7 $775,000 $110,714 $0 0.00%
    $250k+ 6 $2,410,000 $401,667 $0 0.00%
    $100k-150k 5 $475,000 $95,000 $0 0.00%

    Kearney Trust Company lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 59 $8,925,000 $151,271 $0 0.00%

    Kearney Trust Company lent most frequently to those with DTI ratios of Exempt%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 48 $7,310,000 $152,292 $0 0.00%
    Not applicable 10 $1,330,000 $133,000 $0 0.00%
    Asian 1 $285,000 $285,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.75%

    Kearney Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.53%

    Kearney Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 59 $8,925,000 $151,271

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 59 $8,925,000 $151,271

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Kearney Trust Company 310 West 92 Highway Kearney, MO 64060 Full Service B&M $176,269
    Kearney Trust Company 701 Watson Drive Kearney, MO 64060 Full Service B&M $901

    For 2019, Kearney Trust Company had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,038
    Net interest income $6,971
    Total noninterest income $972
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $222
    Trading account gains and fees $0
    Additional Noninterest Income $750
    Pre-tax net operating income $2,752
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,752
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,752
    Minority interest net income $0
    Net income $2,752
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,752

    Kearney Trust Company's gross interest income from loans was $8,038,000.
    Kearney Trust Company's net interest income from loans was $6,971,000.
    Kearney Trust Company's fee based income from loans was $222,000.
    Kearney Trust Company's net income from loans was $2,752,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,067
    Provision for credit losses $300
    Total noninterest expense $4,891
    Salaries and employee benefits $2,764
    Premises and equipment expense $398
    Additional noninterest expense $1,729
    Applicable income taxes $0
    Net charge-offs $99
    Cash dividends $2,475

    Kearney Trust Company's interest expense for loans was $1,067,000.
    Kearney Trust Company's payroll and benefits expense were $2,764,000.
    Kearney Trust Company's property, plant and equipment expenses $398,000.

    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 $186,141
    Deposits held in domestic offices $186,141
    Deposits by Individuals, partnerships, and corporations $172,229
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,912
    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 $87,560
    Demand deposits $47,574
    Nontransaction accounts $98,581
    Money market deposit accounts (MMDAs) $24,673
    Other savings deposits (excluding MMDAs) $37,067
    Total time deposits $36,841
    Total time and savings deposits $138,567
    Noninterest-bearing deposits $46,907
    Interest-bearing deposits $139,234
    Retail deposits $179,505
    IRAs and Keogh plan accounts $9,678
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $208,271
    Cash & Balances due from depository institutions $38,715
    Interest-bearing balances $32,912
    Total securities $47,739
    Federal funds sold & reverse repurchase $0
    Net loans and leases $118,781
    Loan and leases loss allowance $1,737
    Trading account assets $0
    Bank premises and fixed assets $1,247
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,789

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $208,271
    Total Liabilities $186,825
    Total deposits $186,141
    Interest-bearing deposits $139,234
    Deposits held in domestic offices $186,141
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $684

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $118,781
    Loan and leases loss allowance $1,737
    Total loans and leases (domestic) $120,518
    All real estate loans $96,170
    Real estate loans in domestic offices $96,170
    Construction and development loans $14,463
    Residential 1-4 family construction $7,104
    Other construction, all land development and other land $7,359
    Loans secured by nonfarm nonresidential properties $34,801
    Nonfarm nonresidential secured by owner-occupied properties $22,234
    Commercial real estate & other non-farm, non-residential $12,567
    Multifamily residential real estate $128
    1-4 family residential loans $34,579
    Farmland loans $12,199
    Loans held in foreign offices $0
    Farm loans $3,506
    Commercial and industrial loans $11,447
    To non-U.S. addressees $0
    Loans to individuals $7,607
    Credit card loans $0
    Related Plans $197
    Consumer Auto Loans $3,159
    Other loans to individuals $4,251
    All other loans & leases $1,919
    Loans to foreign governments and official institutions $0
    Other loans $20
    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

    Kearney Trust Company had $118,781,000 of loans outstanding in 2019. $96,170,000 of loans were in real estate loans. $14,463,000 of loans were in development loans. $128,000 of loans were in multifamily mortgage loans. $34,579,000 of loans were in 1-4 family mortgage loans. $3,506,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,159,000 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 79 $20,933 $264,975
    Nonfarm, nonresidential loans - <$100k 12 $628 $52,333
    Nonfarm, nonresidential loans - $100-250k 25 $3,632 $145,280
    Nonfarm, nonresidential loans - $250k-1MM 42 $16,673 $396,976
    Commercial & Industrial, US addressed loans - <$1MM 256 $10,441 $40,785
    Commercial & Industrial, US addressed loans - <$100k 216 $4,716 $21,833
    Commercial & Industrial, US addressed loans - $100-250k 33 $3,542 $107,333
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $2,183 $311,857
    Farmland loans - <$1MM 55 $7,278 $132,327
    Farmland loans - <$100k 24 $1,190 $49,583
    Farmland loans - $100-250k 18 $2,409 $133,833
    Farmland loans - $250k-1MM 13 $3,679 $283,000
    Agriculture operations loans - <$1MM 98 $3,506 $35,776
    Agriculture operations loans - <$100k 84 $1,757 $20,917
    Agriculture operations loans - $100-250k 13 $1,399 $107,615
    Agriculture operations loans - $250k-1MM 1 $350 $350,000