Esb Financial Mortgage Rates, Fees & Info

Emporia, KS

LEI: 54930011U6TQ5MJCDV15

Tax ID: 48-0209570

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Esb Financial is a smaller mortgage company specializing in Home Purchase and Refi loans. Esb Financial has a high proportion of conventional loans. Their top markets by origination volume include: Emporia, Manhattan, Wichita, Topeka, and Lawrence among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Esb Financial 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. Esb Financial is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.74% 5/4/24
    30 Year Conventional Refi 6.70% 5/4/24
    15 Year Conventional Purchase 6.61% 5/4/24
    15 Year Conventional Refi 6.52% 5/4/24
    15 Year Cash-out Refi 6.52% 5/4/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Esb Financial Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Esb Financial. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    168

    Origination Dollar Volume (All Markets)

    $31,840,000

    Employee count

    51

    Awards

    ESB Financial 30 Year Conventional Loans gold ESB Financial 30 Year Conventional Loans gold ESB Financial 30 Year Conventional Loans gold ESB Financial 30 Year Conventional Loans bronze
    Show all (4) awards

    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
    Emporia, KS (FHA|USDA|VA) 94 $14,300,000 $152,128 $1,408 4.31%
    MANHATTAN, KS (FHA|USDA|VA) 52 $12,870,000 $247,500 $1,592 4.50%
    WICHITA, KS (FHA|USDA|VA) 3 $2,065,000 $688,333 $1,130 4.36%
    TOPEKA, KS (FHA|USDA|VA) 9 $1,475,000 $163,889 $1,520 4.14%
    Outside of Metro Areas 6 $470,000 $78,333 $1,457 4.40%
    LAWRENCE, KS (FHA|USDA|VA) 3 $455,000 $151,667 $1,239 3.96%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.97%
    Esb Financial's top markets include Emporia, Manhattan, Wichita, Topeka, and Lawrence among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ESB Financial based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ESB Financial
    Similarity Rank: 14
    The Farmers State Bank of Westmoreland
    Similarity Rank: 25
    KANSAS STATE UNIVERSITY Federal Credit Union
    Similarity Rank: 30
    Bank of the Flint Hills
    Similarity Rank: 72
    MERITRUST Federal Credit Union
    Similarity Rank: 238
    Central National Bank
    Similarity Rank: 297
    Capitol Federal Savings Bank
    Similarity Rank: 456
    Landmark National Bank
    Similarity Rank: 760
    NBH Bank
    Similarity Rank: 1062
    Community First National Bank
    Similarity Rank: 1476

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 168 $31,840,000 $189,524 $1,457 4.36%

    For 2019, Esb Financial's most frequently originated type of loan was Conventional, with 168 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 80 $12,400,000 $155,000 $1,578 4.37%
    Refi 80 $18,860,000 $235,750 $1,336 4.34%
    Cash Out Refi 7 $565,000 $80,714 $1,363 4.18%
    Home Improvement 1 $15,000 $15,000 $0 5.75%

    For 2019, Esb Financial's most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Refi, with 80 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 53 $10,975,000 $207,075 $1,575 3.97%
    20 Year 39 $7,475,000 $191,667 $1,362 4.58%
    15 Year 38 $5,880,000 $154,737 $1,500 4.10%
    Other 18 $6,200,000 $344,444 $830 5.00%
    10 Year 12 $630,000 $52,500 $1,010 4.63%
    1 Year 5 $565,000 $113,000 $0 5.41%
    5 Year 3 $115,000 $38,333 $0 5.03%

    For 2019, Esb Financial's most frequently cited loan duration was 30 Year, with 53 originations. The 2nd most popular length was 20 Year, with 39 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 93 $17,215,000 $185,108

    Esb Financial's average total fees were $1,575, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 93 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 67 $10,685,000 $159,478
    3-4% 60 $12,430,000 $207,167
    5-6% 33 $4,635,000 $140,455
    2.5-3% 4 $680,000 $170,000
    6-7% 4 $3,410,000 $852,500

    During 2019, Esb Financial's average interest rate for loans was 3.97%, while their most frequently originated rate bucket for loans was 4-5%, with 67 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 64 $3,730,000 $58,281 $1,291 4.61%
    $100k-200k 56 $7,680,000 $137,143 $1,410 4.19%
    $200k-400k 32 $8,530,000 $266,563 $1,606 4.17%
    $400k-600k 9 $4,225,000 $469,444 $1,796 3.90%
    $600k-1MM 4 $3,040,000 $760,000 $1,322 4.35%
    $1MM+ 3 $4,635,000 $1,545,000 $0 5.53%

    2019 saw Esb Financial place emphasis on $100,000 or less loans with 64 originations, totaling $3,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 27 $2,445,000 $90,556 $1,285 4.22%
    $100k-150k 25 $4,235,000 $169,400 $1,509 3.96%
    $150k-250k 20 $4,840,000 $242,000 $1,506 4.01%
    $75k-100k 20 $2,860,000 $143,000 $1,577 3.89%
    $50k-75k 19 $2,275,000 $119,737 $1,325 4.20%
    $250k+ 6 $2,520,000 $420,000 $1,815 4.01%

    Esb Financial lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $100k-150k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 33 $6,795,000 $205,909 $1,602 3.70%
    <20% 24 $4,210,000 $175,417 $1,299 3.90%
    30-36% 15 $2,655,000 $177,000 $1,502 3.98%
    38% 4 $540,000 $135,000 $1,277 4.50%
    41% 3 $625,000 $208,333 $1,283 3.79%
    36% 3 $365,000 $121,667 $1,277 3.83%
    42% 3 $285,000 $95,000 $1,263 3.75%
    50-60% 2 $360,000 $180,000 $1,549 4.08%
    39% 2 $510,000 $255,000 $1,299 3.50%
    40% 2 $170,000 $85,000 $1,192 3.94%
    49% 1 $365,000 $365,000 $3,004 3.38%
    45% 1 $255,000 $255,000 $1,699 3.88%
    43% 1 $115,000 $115,000 $1,344 3.88%
    46% 1 $235,000 $235,000 $1,057 5.25%

    Esb Financial lent most frequently to those with DTI ratios of 20-30%, with 33 originations. The next most common DTI ratio? <20%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 125 $20,275,000 $162,200 $1,457 4.15%
    Not applicable 37 $10,995,000 $297,162 $0 5.09%
    Asian 3 $285,000 $95,000 $0 4.66%
    Black 2 $180,000 $90,000 $1,341 3.90%
    Asian Indian 1 $105,000 $105,000 $1,591 3.88%

    Approval Rates

    Total approvals of all applications
    98.28%

    Esb Financial 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
    98.21%

    Esb Financial has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 168 $31,840,000 $189,524

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $6,255,000 $481,154
    Single Family (1-4 Units):Manufactured 1 $65,000 $65,000
    Single Family (1-4 Units):Site-Built 154 $25,520,000 $165,714

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $700,000 $50,000 $1,176 4.89%
    40-60% 32 $6,280,000 $196,250 $1,366 4.25%
    60-80% 59 $14,885,000 $252,288 $1,472 4.37%
    80-100% 57 $9,555,000 $167,632 $1,524 4.22%
    Under 20% 6 $420,000 $70,000 $0 4.97%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    ESB Financial 12th And Industrial Roads Emporia, KS 66801 Full Service B&M $36,573
    ESB Financial 224 East Poyntz Avenue Manhattan, KS 66502 Full Service B&M $17,155
    ESB Financial 8th And Merchant Streets Emporia, KS 66801 Full Service B&M $152,486
    ESB Financial Eighth And Constitution Emporia, KS 66801 Limited, Drive-thru $0

    For 2019, Esb Financial had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,351
    Net interest income $7,740
    Total noninterest income $2,471
    Gross Fiduciary activities income $466
    Service charges on deposit accounts $637
    Trading account gains and fees $0
    Additional Noninterest Income $1,368
    Pre-tax net operating income $2,338
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,249
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,249
    Minority interest net income $0
    Net income $2,249
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,249

    Esb Financial's gross interest income from loans was $9,351,000.
    Esb Financial's net interest income from loans was $7,740,000.
    Esb Financial's fee based income from loans was $637,000.
    Esb Financial's net income from loans was $2,249,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,611
    Provision for credit losses $494
    Total noninterest expense $7,379
    Salaries and employee benefits $3,942
    Premises and equipment expense $773
    Additional noninterest expense $2,664
    Applicable income taxes $89
    Net charge-offs $98
    Cash dividends $1,005

    Esb Financial's interest expense for loans was $1,611,000.
    Esb Financial's payroll and benefits expense were $3,942,000.
    Esb Financial's property, plant and equipment expenses $773,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 4.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 5.0%
    HELOC loans 0.0%
    All other family 5.0%
    Commercial & industrial loans 3.0%
    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 $209,624
    Deposits held in domestic offices $209,624
    Deposits by Individuals, partnerships, and corporations $192,855
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $16,697
    Deposits by Commercial banks and other depository institutions in U.S. $72
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $114,477
    Demand deposits $57,109
    Nontransaction accounts $95,147
    Money market deposit accounts (MMDAs) $17,191
    Other savings deposits (excluding MMDAs) $32,806
    Total time deposits $45,150
    Total time and savings deposits $152,515
    Noninterest-bearing deposits $57,109
    Interest-bearing deposits $152,515
    Retail deposits $200,388
    IRAs and Keogh plan accounts $8,044
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $243,612
    Cash & Balances due from depository institutions $30,090
    Interest-bearing balances $27,888
    Total securities $41,296
    Federal funds sold & reverse repurchase $0
    Net loans and leases $157,298
    Loan and leases loss allowance $2,134
    Trading account assets $0
    Bank premises and fixed assets $5,430
    Other real estate owned $1,102
    Goodwill and other intangibles $529
    All other assets $7,867

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $243,612
    Total Liabilities $218,309
    Total deposits $209,624
    Interest-bearing deposits $152,515
    Deposits held in domestic offices $209,624
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $958
    Trading liabilities $0
    Other borrowed funds $6,000
    Subordinated debt $0
    All other liabilities $1,727

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $157,298
    Loan and leases loss allowance $2,134
    Total loans and leases (domestic) $159,432
    All real estate loans $118,576
    Real estate loans in domestic offices $118,576
    Construction and development loans $9,274
    Residential 1-4 family construction $3,767
    Other construction, all land development and other land $5,507
    Loans secured by nonfarm nonresidential properties $38,492
    Nonfarm nonresidential secured by owner-occupied properties $17,442
    Commercial real estate & other non-farm, non-residential $21,050
    Multifamily residential real estate $14,009
    1-4 family residential loans $48,446
    Farmland loans $8,355
    Loans held in foreign offices $0
    Farm loans $12,548
    Commercial and industrial loans $22,561
    To non-U.S. addressees $0
    Loans to individuals $5,646
    Credit card loans $0
    Related Plans $28
    Consumer Auto Loans $4,840
    Other loans to individuals $778
    All other loans & leases $101
    Loans to foreign governments and official institutions $0
    Other loans $80
    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

    ESB Financial had $157,298,000 of loans outstanding in 2019. $118,576,000 of loans were in real estate loans. $9,274,000 of loans were in development loans. $14,009,000 of loans were in multifamily mortgage loans. $48,446,000 of loans were in 1-4 family mortgage loans. $12,548,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,840,000 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 93 $20,327 $218,570
    Nonfarm, nonresidential loans - <$100k 25 $1,069 $42,760
    Nonfarm, nonresidential loans - $100-250k 36 $5,044 $140,111
    Nonfarm, nonresidential loans - $250k-1MM 32 $14,214 $444,188
    Commercial & Industrial, US addressed loans - <$1MM 228 $15,494 $67,956
    Commercial & Industrial, US addressed loans - <$100k 150 $2,727 $18,180
    Commercial & Industrial, US addressed loans - $100-250k 43 $3,553 $82,628
    Commercial & Industrial, US addressed loans - $250k-1MM 35 $9,214 $263,257
    Farmland loans - <$1MM 20 $2,763 $138,150
    Farmland loans - <$100k 8 $235 $29,375
    Farmland loans - $100-250k 8 $1,334 $166,750
    Farmland loans - $250k-1MM 4 $1,194 $298,500
    Agriculture operations loans - <$1MM 34 $3,034 $89,235
    Agriculture operations loans - <$100k 16 $498 $31,125
    Agriculture operations loans - $100-250k 14 $1,450 $103,571
    Agriculture operations loans - $250k-1MM 4 $1,086 $271,500