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 (well, only) market is Kansas City.

    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

    67

    Origination Dollar Volume (All Markets)

    $11,675,000

    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
    KANSAS CITY, MO-KS (FHA|USDA|VA) 65 $11,235,000 $172,846 $0 0.00%
    Outside of Metro Areas 2 $440,000 $220,000 $0 0.00%
    Kearney Trust Company's top markets include and Kansas City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 67 $11,675,000 $174,254 $0 0.00%

    For 2021, Kearney Trust Company's most frequently originated type of loan was Conventional, with 67 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $6,640,000 $221,333 $0 0.00%
    Refi 27 $4,505,000 $166,852 $0 0.00%
    Home Improvement 6 $410,000 $68,333 $0 0.00%
    Other 4 $120,000 $30,000 $0 0.00%

    For 2021, Kearney Trust Company's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 67 $11,675,000 $174,254 $0 0.00%

    For 2021, Kearney Trust Company's most frequently cited loan duration was Other, with 67 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 28 $1,390,000 $49,643 $0 0.00%
    $100k-200k 17 $2,215,000 $130,294 $0 0.00%
    $200k-400k 16 $4,410,000 $275,625 $0 0.00%
    $400k-600k 3 $1,275,000 $425,000 $0 0.00%
    $600k-1MM 3 $2,385,000 $795,000 $0 0.00%

    2021 saw Kearney Trust Company place emphasis on $100,000 or less loans with 28 originations, totaling $1,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 13 $1,245,000 $95,769 $0 0.00%
    $150k-250k 12 $2,070,000 $172,500 $0 0.00%
    $75k-100k 11 $1,825,000 $165,909 $0 0.00%
    $100k-150k 8 $1,420,000 $177,500 $0 0.00%
    $250k+ 6 $2,380,000 $396,667 $0 0.00%
    $50k or less 5 $635,000 $127,000 $0 0.00%

    Kearney Trust Company lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $150k-250k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 67 $11,675,000 $174,254 $0 0.00%

    Kearney Trust Company lent most frequently to those with DTI ratios of Exempt%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 52 $9,100,000 $175,000 $0 0.00%
    Not applicable 12 $2,100,000 $175,000 $0 0.00%
    American Indian 2 $330,000 $165,000 $0 0.00%
    Asian 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.33%

    Kearney Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    91.04%

    Kearney Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 67 $11,675,000 $174,254

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    67 $11,675,000 $174,254

    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 $242,585
    Kearney Trust Company 701 Watson Drive Kearney, MO 64060 Full Service B&M $1,447

    For 2021, Kearney Trust Company had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,085
    Net interest income $7,783
    Total noninterest income $1,056
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $184
    Trading account gains and fees $0
    Additional Noninterest Income $872
    Pre-tax net operating income $3,457
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,442
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,442
    Minority interest net income $0
    Net income $3,442
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,442

    Kearney Trust Company's gross interest income from loans was $8,085,000.
    Kearney Trust Company's net interest income from loans was $7,783,000.
    Kearney Trust Company's fee based income from loans was $184,000.
    Kearney Trust Company's net income from loans was $3,442,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $302
    Provision for credit losses $295
    Total noninterest expense $5,087
    Salaries and employee benefits $2,835
    Premises and equipment expense $382
    Additional noninterest expense $1,870
    Applicable income taxes $15
    Net charge-offs $-19
    Cash dividends $1,000

    Kearney Trust Company's interest expense for loans was $302,000.
    Kearney Trust Company's payroll and benefits expense were $2,835,000.
    Kearney Trust Company's property, plant and equipment expenses $382,000.

    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 $249,112
    Deposits held in domestic offices $249,112
    Deposits by Individuals, partnerships, and corporations $233,622
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $15,490
    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 $129,003
    Demand deposits $76,213
    Nontransaction accounts $120,109
    Money market deposit accounts (MMDAs) $30,275
    Other savings deposits (excluding MMDAs) $53,791
    Total time deposits $36,043
    Total time and savings deposits $172,899
    Noninterest-bearing deposits $76,213
    Interest-bearing deposits $172,899
    Retail deposits $241,857
    IRAs and Keogh plan accounts $10,071
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $274,778
    Cash & Balances due from depository institutions $53,648
    Interest-bearing balances $47,551
    Total securities $93,548
    Federal funds sold & reverse repurchase $0
    Net loans and leases $124,735
    Loan and leases loss allowance $2,419
    Trading account assets $0
    Bank premises and fixed assets $881
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,966

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $274,778
    Total Liabilities $249,857
    Total deposits $249,112
    Interest-bearing deposits $172,899
    Deposits held in domestic offices $249,112
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $745

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $124,735
    Loan and leases loss allowance $2,419
    Total loans and leases (domestic) $127,154
    All real estate loans $103,825
    Real estate loans in domestic offices $103,825
    Construction and development loans $20,676
    Residential 1-4 family construction $9,905
    Other construction, all land development and other land $10,771
    Loans secured by nonfarm nonresidential properties $39,157
    Nonfarm nonresidential secured by owner-occupied properties $25,988
    Commercial real estate & other non-farm, non-residential $13,169
    Multifamily residential real estate $116
    1-4 family residential loans $33,204
    Farmland loans $10,672
    Loans held in foreign offices $0
    Farm loans $3,008
    Commercial and industrial loans $13,009
    To non-U.S. addressees $0
    Loans to individuals $6,133
    Credit card loans $0
    Related Plans $107
    Consumer Auto Loans $2,568
    Other loans to individuals $3,458
    All other loans & leases $1,340
    Loans to foreign governments and official institutions $0
    Other loans $18
    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 $124,735,000 of loans outstanding in 2021. $103,825,000 of loans were in real estate loans. $20,676,000 of loans were in development loans. $116,000 of loans were in multifamily mortgage loans. $33,204,000 of loans were in 1-4 family mortgage loans. $3,008,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,568,000 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 88 $20,032 $227,636
    Nonfarm, nonresidential loans - <$100k 14 $783 $55,929
    Nonfarm, nonresidential loans - $100-250k 30 $4,047 $134,900
    Nonfarm, nonresidential loans - $250k-1MM 44 $15,202 $345,500
    Commercial & Industrial, US addressed loans - <$1MM 217 $10,004 $46,101
    Commercial & Industrial, US addressed loans - <$100k 181 $4,119 $22,757
    Commercial & Industrial, US addressed loans - $100-250k 24 $2,118 $88,250
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $3,767 $313,917
    Farmland loans - <$1MM 47 $4,648 $98,894
    Farmland loans - <$100k 21 $984 $46,857
    Farmland loans - $100-250k 17 $2,019 $118,765
    Farmland loans - $250k-1MM 9 $1,645 $182,778
    Agriculture operations loans - <$1MM 86 $3,008 $34,977
    Agriculture operations loans - <$100k 73 $1,518 $20,795
    Agriculture operations loans - $100-250k 12 $1,140 $95,000
    Agriculture operations loans - $250k-1MM 1 $350 $350,000