Ks Bank Mortgage Rates, Fees & Info

Smithfield, NC

LEI: 254900PW5EE7M05BEZ97

Tax ID: 56-0688557

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Bank Data

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, Goldsboro, Pinehurst, Wilson, and Morehead City among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

Ks 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

144

Origination Dollar Volume (All Markets)

$40,150,000

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) 95 $30,065,000 $316,474 $0 0.00%
GOLDSBORO, NC (FHA|USDA|VA) 19 $3,645,000 $191,842 $0 0.00%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $1,300,000 $325,000 $0 0.00%
Wilson, NC (FHA|USDA|VA) 6 $1,210,000 $201,667 $0 0.00%
Morehead City, NC (FHA|USDA|VA) 5 $845,000 $169,000 $0 0.00%
WILMINGTON, NC (FHA|USDA|VA) 2 $710,000 $355,000 $0 0.00%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $705,000 $705,000 $0 0.00%
FAYETTEVILLE, NC (FHA|USDA|VA) 6 $460,000 $76,667 $0 0.00%
GREENVILLE, NC (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Outside of Metro Areas 2 $210,000 $105,000 $0 0.00%
Ks Bank's top markets include Raleigh, Goldsboro, Pinehurst, Wilson, and Morehead City 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 144 $40,150,000 $278,819 $0 0.00%

    For 2020, Ks Bank's most frequently originated type of loan was Conventional, with 144 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 96 $31,160,000 $324,583 $0 0.00%
    Cash Out Refi 36 $7,310,000 $203,056 $0 0.00%
    Refi 9 $1,545,000 $171,667 $0 0.00%
    Home Improvement 3 $135,000 $45,000 $0 0.00%

    For 2020, Ks Bank's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 144 $40,150,000 $278,819 $0 0.00%

    For 2020, Ks Bank's most frequently cited loan duration was Other, with 144 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 54 $15,270,000 $282,778 $0 0.00%
    $100k-200k 43 $6,245,000 $145,233 $0 0.00%
    $100,000 or less 30 $2,000,000 $66,667 $0 0.00%
    $400k-600k 13 $6,275,000 $482,692 $0 0.00%
    $1MM+ 2 $8,930,000 $4,465,000 $0 0.00%
    $600k-1MM 2 $1,430,000 $715,000 $0 0.00%

    2020 saw Ks Bank place emphasis on $200k-400k loans with 54 originations, totaling $15,270,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 24 $5,360,000 $223,333 $0 0.00%
    $100k-150k 23 $6,235,000 $271,087 $0 0.00%
    $150k-250k 20 $5,350,000 $267,500 $0 0.00%
    $50k-75k 12 $1,730,000 $144,167 $0 0.00%
    $250k+ 8 $3,340,000 $417,500 $0 0.00%
    $50k or less 5 $515,000 $103,000 $0 0.00%

    Ks Bank lent most frequently to those with incomes in the $75k-100k range, with 24 originations. The second most popular income band? $100k-150k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 144 $40,150,000 $278,819 $0 0.00%

    Ks Bank lent most frequently to those with DTI ratios of Exempt%, with 144 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 86 $21,380,000 $248,605 $0 0.00%
    Not applicable 49 $17,175,000 $350,510 $0 0.00%
    Asian 3 $1,145,000 $381,667 $0 0.00%
    Black 5 $315,000 $63,000 $0 0.00%
    American Indian 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.52%

    Ks Bank 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
    92.36%

    Ks Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 144 $40,150,000 $278,819

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $11,570,000 $1,446,250
    Single Family (1-4 Units):Manufactured 5 $335,000 $67,000
    Single Family (1-4 Units):Site-Built 131 $28,245,000 $215,611

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Ks Bank, Inc. 1031 Brightleaf Boulevard Smithfield, NC 27577 Full Service B&M $20,848
    Ks Bank, Inc. 1031 N Brightleaf Smithfield, NC 27577 Full Service B&M $55,693
    Ks Bank, Inc. 106 West Wellons Street Four Oaks, NC 27524 Full Service B&M $24,783
    Ks Bank, Inc. 115 West Anderson Street Selma, NC 27576 Full Service B&M $49,615
    Ks Bank, Inc. 11591 U.S. 70 Business West Clayton, NC 27520 Full Service B&M $40,172
    Ks Bank, Inc. 1601 Wayne Memorial Drive Goldsboro, NC 27534 Full Service B&M $52,762
    Ks Bank, Inc. 200 North Church Street Kenly, NC 27542 Full Service B&M $32,147
    Ks Bank, Inc. 2846 Ward Boulevard Wilson, NC 27893 Full Service B&M $28,187
    Ks Bank, Inc. 2850 Wendell Boulevard Wendell, NC 27591 Full Service B&M $35,999
    Ks Bank, Inc. 920 Seventh Avenue Garner, NC 27529 Full Service B&M $46,544

    For 2020, Ks Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,136
    Net interest income $16,052
    Total noninterest income $2,677
    Gross Fiduciary activities income $814
    Service charges on deposit accounts $550
    Trading account gains and fees $0
    Additional Noninterest Income $1,313
    Pre-tax net operating income $6,164
    Securities gains (or losses, -) $3
    Income before extraordinary items $4,829
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,829
    Minority interest net income $0
    Net income $4,829
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,826

    Ks Bank's gross interest income from loans was $19,136,000.
    Ks Bank's net interest income from loans was $16,052,000.
    Ks Bank's fee based income from loans was $550,000.
    Ks Bank's net income from loans was $4,829,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,084
    Provision for credit losses $561
    Total noninterest expense $12,004
    Salaries and employee benefits $6,666
    Premises and equipment expense $1,426
    Additional noninterest expense $3,912
    Applicable income taxes $1,338
    Net charge-offs $-26
    Cash dividends $1,952

    Ks Bank's interest expense for loans was $3,084,000.
    Ks Bank's payroll and benefits expense were $6,666,000.
    Ks Bank's property, plant and equipment expenses $1,426,000.

    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 1.0%
    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 $403,028
    Deposits held in domestic offices $403,028
    Deposits by Individuals, partnerships, and corporations $363,966
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $38,569
    Deposits by Commercial banks and other depository institutions in U.S. $493
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $172,168
    Demand deposits $117,112
    Nontransaction accounts $230,860
    Money market deposit accounts (MMDAs) $104,808
    Other savings deposits (excluding MMDAs) $21,893
    Total time deposits $104,158
    Total time and savings deposits $285,916
    Noninterest-bearing deposits $117,112
    Interest-bearing deposits $285,916
    Retail deposits $374,695
    IRAs and Keogh plan accounts $11,940
    Brokered deposits $10,639
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $485,473
    Cash & Balances due from depository institutions $27,848
    Interest-bearing balances $24,720
    Total securities $71,714
    Federal funds sold & reverse repurchase $0
    Net loans and leases $368,594
    Loan and leases loss allowance $4,644
    Trading account assets $0
    Bank premises and fixed assets $8,587
    Other real estate owned $621
    Goodwill and other intangibles $0
    All other assets $8,109

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $485,473
    Total Liabilities $441,737
    Total deposits $403,028
    Interest-bearing deposits $285,916
    Deposits held in domestic offices $403,028
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $35,000
    Subordinated debt $0
    All other liabilities $3,709

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $368,594
    Loan and leases loss allowance $4,644
    Total loans and leases (domestic) $373,238
    All real estate loans $319,092
    Real estate loans in domestic offices $319,092
    Construction and development loans $74,589
    Residential 1-4 family construction $28,767
    Other construction, all land development and other land $45,822
    Loans secured by nonfarm nonresidential properties $132,461
    Nonfarm nonresidential secured by owner-occupied properties $71,371
    Commercial real estate & other non-farm, non-residential $61,090
    Multifamily residential real estate $14,393
    1-4 family residential loans $96,802
    Farmland loans $847
    Loans held in foreign offices $0
    Farm loans $1
    Commercial and industrial loans $41,815
    To non-U.S. addressees $0
    Loans to individuals $1,548
    Credit card loans $391
    Related Plans $116
    Consumer Auto Loans $332
    Other loans to individuals $709
    All other loans & leases $10,782
    Loans to foreign governments and official institutions $0
    Other loans $2,179
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $608
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,119
    Non 1-4 family restructured loans & leases $1,765
    Total loans and leases (foreign) $0

    KS Bank had $368,594,000 of loans outstanding in 2020. $319,092,000 of loans were in real estate loans. $74,589,000 of loans were in development loans. $14,393,000 of loans were in multifamily mortgage loans. $96,802,000 of loans were in 1-4 family mortgage loans. $1,000 of loans were in farm loans. $391,000 of loans were in credit card loans. $332,000 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 239 $52,793 $220,891
    Nonfarm, nonresidential loans - <$100k 54 $2,313 $42,833
    Nonfarm, nonresidential loans - $100-250k 80 $8,902 $111,275
    Nonfarm, nonresidential loans - $250k-1MM 105 $41,578 $395,981
    Commercial & Industrial, US addressed loans - <$1MM 526 $31,365 $59,629
    Commercial & Industrial, US addressed loans - <$100k 428 $12,107 $28,287
    Commercial & Industrial, US addressed loans - $100-250k 72 $9,794 $136,028
    Commercial & Industrial, US addressed loans - $250k-1MM 26 $9,464 $364,000
    Farmland loans - <$1MM 14 $847 $60,500
    Farmland loans - <$100k 9 $190 $21,111
    Farmland loans - $100-250k 3 $374 $124,667
    Farmland loans - $250k-1MM 2 $283 $141,500
    Agriculture operations loans - <$1MM 1 $1 $1,000
    Agriculture operations loans - <$100k 1 $1 $1,000