Garden Plain State Bank Mortgage Rates, Fees & Info
Wichita, KSLEI: 5493001YU4TTE8QEL245
Tax ID: 48-0726234
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Mortgage Data
Bank Data
Review & Overview
Garden Plain State Bank is a smaller bank specializing in Cash Out Refi, Refi, and Home Purchase loans. Garden Plain State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Hutchinson, and Mcpherson among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Garden Plain State 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.
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Originations
186Origination Dollar Volume (All Markets)
$39,980,000Employee count
21Top 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 |
|---|---|---|---|---|---|
| WICHITA, KS (FHA|USDA|VA) | 176 | $38,110,000 | $216,534 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,050,000 | $175,000 | $0 | 0.00% |
| Hutchinson, KS (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 0.00% |
| McPherson, KS (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 186 | $39,980,000 | $214,946 | $0 | 0.00% |
For 2020, Garden Plain State Bank's most frequently originated type of loan was Conventional, with 186 originations.
Loan Reason
For 2020, Garden Plain State Bank's most frequently cited loan purpose was Cash Out Refi, with 66 originations. The 2nd most popular reason was Refi, with 58 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 186 | $39,980,000 | $214,946 | $0 | 0.00% |
For 2020, Garden Plain State Bank's most frequently cited loan duration was Other, with 186 originations.
Loan Sizing
2020 saw Garden Plain State Bank place emphasis on $200k-400k loans with 68 originations, totaling $18,690,000 in origination value.
Applicant Income
Garden Plain State Bank lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $150k-250k, with 37 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 186 | $39,980,000 | $214,946 | $0 | 0.00% |
Garden Plain State Bank lent most frequently to those with DTI ratios of Exempt%, with 186 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.06%
Garden Plain State 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 origination95.16%
Garden Plain State Bank 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 |
|---|---|---|---|
| Exempt | 186 | $39,980,000 | $214,946 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $165,000 | $55,000 |
| Single Family (1-4 Units):Site-Built | 183 | $39,815,000 | $217,568 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GARDEN STATE HOME LOANS INCORPORATED | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| GARDEN STATE HOME LOANS INCORPORATED | FHA mortgage | Closing on a mortgage | 1 | 50.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Garden Plain State Bank | 10526 West Maple Street Wichita, KS 67209 | Full Service B&M | $69,549 |
| Garden Plain State Bank | 525 N. Main St Garden Plain, KS 67050 | Full Service B&M | $29,402 |
For 2020, Garden Plain State Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $3,527 |
| Net interest income | $3,083 |
| Total noninterest income | $975 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $50 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $925 |
| Pre-tax net operating income | $1,688 |
| Securities gains (or losses, -) | $14 |
| Income before extraordinary items | $1,362 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,362 |
| Minority interest net income | $0 |
| Net income | $1,362 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,350 |
Garden Plain State Bank's gross interest income from loans was $3,527,000.
Garden Plain State Bank's net interest income from loans was $3,083,000.
Garden Plain State Bank's fee based income from loans was $50,000.
Garden Plain State Bank's net income from loans was $1,362,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $444 |
| Provision for credit losses | $23 |
| Total noninterest expense | $2,347 |
| Salaries and employee benefits | $1,411 |
| Premises and equipment expense | $265 |
| Additional noninterest expense | $671 |
| Applicable income taxes | $340 |
| Net charge-offs | $-11 |
| Cash dividends | $220 |
Garden Plain State Bank's interest expense for loans was $444,000.
Garden Plain State Bank's payroll and benefits expense were $1,411,000.
Garden Plain State Bank's property, plant and equipment expenses $265,000.
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 | $111,257 |
| Deposits held in domestic offices | $111,257 |
| Deposits by Individuals, partnerships, and corporations | $107,960 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $3,273 |
| Deposits by Commercial banks and other depository institutions in U.S. | $24 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $58,590 |
| Demand deposits | $35,520 |
| Nontransaction accounts | $52,667 |
| Money market deposit accounts (MMDAs) | $15,177 |
| Other savings deposits (excluding MMDAs) | $16,398 |
| Total time deposits | $21,092 |
| Total time and savings deposits | $75,737 |
| Noninterest-bearing deposits | $35,520 |
| Interest-bearing deposits | $75,737 |
| Retail deposits | $108,931 |
| IRAs and Keogh plan accounts | $3,242 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $129,080 |
| Cash & Balances due from depository institutions | $38,710 |
| Interest-bearing balances | $36,002 |
| Total securities | $33,840 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $50,874 |
| Loan and leases loss allowance | $596 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,131 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $209 |
| All other assets | $4,316 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $129,080 |
| Total Liabilities | $111,578 |
| Total deposits | $111,257 |
| Interest-bearing deposits | $75,737 |
| Deposits held in domestic offices | $111,257 |
| % insured (estimated) | $75 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $321 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $50,874 |
| Loan and leases loss allowance | $596 |
| Total loans and leases (domestic) | $51,470 |
| All real estate loans | $35,650 |
| Real estate loans in domestic offices | $35,650 |
| Construction and development loans | $8,240 |
| Residential 1-4 family construction | $7,454 |
| Other construction, all land development and other land | $786 |
| Loans secured by nonfarm nonresidential properties | $14,062 |
| Nonfarm nonresidential secured by owner-occupied properties | $12,014 |
| Commercial real estate & other non-farm, non-residential | $2,048 |
| Multifamily residential real estate | $0 |
| 1-4 family residential loans | $11,789 |
| Farmland loans | $1,559 |
| Loans held in foreign offices | $0 |
| Farm loans | $435 |
| Commercial and industrial loans | $13,076 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,875 |
| Credit card loans | $162 |
| Related Plans | $0 |
| Consumer Auto Loans | $814 |
| Other loans to individuals | $899 |
| All other loans & leases | $434 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $205 |
| 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 |
Garden Plain State Bank had $50,874,000 of loans outstanding in 2020. $35,650,000 of loans were in real estate loans. $8,240,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $11,789,000 of loans were in 1-4 family mortgage loans. $435,000 of loans were in farm loans. $162,000 of loans were in credit card loans. $814,000 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 | 18 | $2,102 | $116,778 |
| Nonfarm, nonresidential loans - <$100k | 5 | $132 | $26,400 |
| Nonfarm, nonresidential loans - $100-250k | 8 | $933 | $116,625 |
| Nonfarm, nonresidential loans - $250k-1MM | 5 | $1,037 | $207,400 |
| Commercial & Industrial, US addressed loans - <$1MM | 121 | $5,621 | $46,455 |
| Commercial & Industrial, US addressed loans - <$100k | 99 | $2,094 | $21,152 |
| Commercial & Industrial, US addressed loans - $100-250k | 18 | $1,974 | $109,667 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 4 | $1,553 | $388,250 |
| Farmland loans - <$1MM | 11 | $1,115 | $101,364 |
| Farmland loans - <$100k | 3 | $137 | $45,667 |
| Farmland loans - $100-250k | 7 | $975 | $139,286 |
| Farmland loans - $250k-1MM | 1 | $3 | $3,000 |
| Agriculture operations loans - <$1MM | 13 | $435 | $33,462 |
| Agriculture operations loans - <$100k | 12 | $205 | $17,083 |
| Agriculture operations loans - $100-250k | 1 | $230 | $230,000 |