Ks Bank Mortgage Rates, Fees & Info

Smithfield, NC

LEI: 254900PW5EE7M05BEZ97

Tax ID: 56-0688557

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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

    Ks Bank is a smaller bank specializing in Home Purchase loans. Ks Bank has a high proportion of conventional loans. Their top markets by origination volume include: Raleigh, Greenville, Wilson, Morehead City, and Goldsboro among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

    64

    Origination Dollar Volume (All Markets)

    $13,660,000

    Employee count

    82

    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
    RALEIGH-CARY, NC (FHA|USDA|VA) 46 $10,390,000 $225,870 $0 0.00%
    GREENVILLE, NC (FHA|USDA|VA) 4 $1,410,000 $352,500 $0 0.00%
    Wilson, NC (FHA|USDA|VA) 6 $570,000 $95,000 $0 0.00%
    Morehead City, NC (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    GOLDSBORO, NC (FHA|USDA|VA) 5 $375,000 $75,000 $0 0.00%
    WILMINGTON, NC (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    Outside of Metro Areas 1 $195,000 $195,000 $0 0.00%
    Ks Bank's top markets include Raleigh, Greenville, Wilson, Morehead City, and Goldsboro among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $13,660,000 $213,438 $0 0.00%

    For 2018, Ks Bank's most frequently originated type of loan was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 51 $11,585,000 $227,157 $0 0.00%
    Cash Out Refi 9 $1,385,000 $153,889 $0 0.00%
    Refi 4 $690,000 $172,500 $0 0.00%

    For 2018, Ks Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 64 $13,660,000 $213,438 $0 0.00%

    For 2018, Ks Bank's most frequently cited loan duration was Other, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 27 $7,365,000 $272,778 $0 0.00%
    $100k-200k 17 $2,505,000 $147,353 $0 0.00%
    $100,000 or less 14 $870,000 $62,143 $0 0.00%
    $400k-600k 5 $2,315,000 $463,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2018 saw Ks Bank place emphasis on $200k-400k loans with 27 originations, totaling $7,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $3,425,000 $263,462 $0 0.00%
    $75k-100k 8 $1,990,000 $248,750 $0 0.00%
    $50k-75k 7 $1,105,000 $157,857 $0 0.00%
    $250k+ 6 $1,970,000 $328,333 $0 0.00%
    $50k or less 6 $550,000 $91,667 $0 0.00%
    $150k-250k 4 $1,230,000 $307,500 $0 0.00%

    Ks Bank lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $75k-100k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 64 $13,660,000 $213,438 $0 0.00%

    Ks Bank lent most frequently to those with DTI ratios of Exempt%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 39 $9,055,000 $232,179 $0 0.00%
    Not applicable 20 $3,390,000 $169,500 $0 0.00%
    Not provided 2 $710,000 $355,000 $0 0.00%
    Asian 1 $255,000 $255,000 $0 0.00%
    Black 2 $250,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.75%

    Ks Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.63%

    Ks Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 64 $13,660,000 $213,438

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,440,000 $360,000
    Single Family (1-4 Units):Manufactured 1 $115,000 $115,000
    Single Family (1-4 Units):Site-Built 59 $12,105,000 $205,169

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    KS Bank, Inc. 1031 Brightleaf Boulevard Smithfield, NC 27577 Full Service B&M $46,151
    KS Bank, Inc. 1031 N Brightleaf Smithfield, NC 27577 Full Service B&M $41,621
    KS Bank, Inc. 106 West Wellons Street Four Oaks, NC 27524 Full Service B&M $15,330
    KS Bank, Inc. 115 West Anderson Street Selma, NC 27576 Full Service B&M $41,476
    KS Bank, Inc. 11591 U.S. 70 Business West Clayton, NC 27520 Full Service B&M $25,188
    KS Bank, Inc. 1601 Wayne Memorial Drive Goldsboro, NC 27534 Full Service B&M $40,054
    KS Bank, Inc. 200 North Church Street Kenly, NC 27542 Full Service B&M $27,016
    KS Bank, Inc. 2846 Ward Boulevard Wilson, NC 27893 Full Service B&M $22,897
    KS Bank, Inc. 2850 Wendell Boulevard Wendell, NC 27591 Full Service B&M $23,149
    KS Bank, Inc. 920 Seventh Avenue Garner, NC 27529 Full Service B&M $29,501

    For 2018, Ks Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,702
    Net interest income $13,436
    Total noninterest income $2,975
    Gross Fiduciary activities income $746
    Service charges on deposit accounts $681
    Trading account gains and fees $0
    Additional Noninterest Income $1,548
    Pre-tax net operating income $5,185
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,092
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,092
    Minority interest net income $0
    Net income $4,092
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,092

    Ks Bank's gross interest income from loans was $16,702,000.
    Ks Bank's net interest income from loans was $13,436,000.
    Ks Bank's fee based income from loans was $681,000.
    Ks Bank's net income from loans was $4,092,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,266
    Provision for credit losses $0
    Total noninterest expense $11,226
    Salaries and employee benefits $6,309
    Premises and equipment expense $1,339
    Additional noninterest expense $3,578
    Applicable income taxes $1,093
    Net charge-offs $56
    Cash dividends $3,775

    Ks Bank's interest expense for loans was $3,266,000.
    Ks Bank's payroll and benefits expense were $6,309,000.
    Ks Bank's property, plant and equipment expenses $1,339,000.

    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 2.4%
    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 $330,772
    Deposits held in domestic offices $330,772
    Deposits by Individuals, partnerships, and corporations $288,194
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $39,651
    Deposits by Commercial banks and other depository institutions in U.S. $2,927
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $108,384
    Demand deposits $62,817
    Nontransaction accounts $222,388
    Money market deposit accounts (MMDAs) $82,213
    Other savings deposits (excluding MMDAs) $16,504
    Total time deposits $123,671
    Total time and savings deposits $267,955
    Noninterest-bearing deposits $62,817
    Interest-bearing deposits $267,955
    Retail deposits $292,393
    IRAs and Keogh plan accounts $12,930
    Brokered deposits $19,020
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $400,164
    Cash & Balances due from depository institutions $23,404
    Interest-bearing balances $13,741
    Total securities $66,004
    Federal funds sold & reverse repurchase $0
    Net loans and leases $295,632
    Loan and leases loss allowance $4,010
    Trading account assets $0
    Bank premises and fixed assets $7,252
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $7,872

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $400,164
    Total Liabilities $364,161
    Total deposits $330,772
    Interest-bearing deposits $267,955
    Deposits held in domestic offices $330,772
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $8
    Trading liabilities $0
    Other borrowed funds $30,000
    Subordinated debt $0
    All other liabilities $3,381

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $295,632
    Loan and leases loss allowance $4,010
    Total loans and leases (domestic) $299,642
    All real estate loans $273,548
    Real estate loans in domestic offices $273,548
    Construction and development loans $49,473
    Residential 1-4 family construction $28,162
    Other construction, all land development and other land $21,311
    Loans secured by nonfarm nonresidential properties $115,890
    Nonfarm nonresidential secured by owner-occupied properties $69,007
    Commercial real estate & other non-farm, non-residential $46,883
    Multifamily residential real estate $13,997
    1-4 family residential loans $91,928
    Farmland loans $2,260
    Loans held in foreign offices $0
    Farm loans $9
    Commercial and industrial loans $11,428
    To non-U.S. addressees $0
    Loans to individuals $1,508
    Credit card loans $377
    Related Plans $189
    Consumer Auto Loans $246
    Other loans to individuals $696
    All other loans & leases $13,149
    Loans to foreign governments and official institutions $0
    Other loans $2,104
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $11,386
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,251
    Non 1-4 family restructured loans & leases $1,860
    Total loans and leases (foreign) $0

    KS Bank had $295,632,000 of loans outstanding in 2018. $273,548,000 of loans were in real estate loans. $49,473,000 of loans were in development loans. $13,997,000 of loans were in multifamily mortgage loans. $91,928,000 of loans were in 1-4 family mortgage loans. $9,000 of loans were in farm loans. $377,000 of loans were in credit card loans. $246,000 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 246 $53,879 $219,020
    Nonfarm, nonresidential loans - <$100k 59 $2,257 $38,254
    Nonfarm, nonresidential loans - $100-250k 82 $9,049 $110,354
    Nonfarm, nonresidential loans - $250k-1MM 105 $42,573 $405,457
    Commercial & Industrial, US addressed loans - <$1MM 200 $7,729 $38,645
    Commercial & Industrial, US addressed loans - <$100k 161 $3,528 $21,913
    Commercial & Industrial, US addressed loans - $100-250k 30 $2,960 $98,667
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $1,241 $137,889
    Farmland loans - <$1MM 25 $2,260 $90,400
    Farmland loans - <$100k 15 $439 $29,267
    Farmland loans - $100-250k 5 $644 $128,800
    Farmland loans - $250k-1MM 5 $1,177 $235,400
    Agriculture operations loans - <$1MM 1 $9 $9,000
    Agriculture operations loans - <$100k 1 $9 $9,000