Security Bank Of Kansas City Mortgage Rates, Fees & Info

Kansas City, KS

LEI: 54930058NMHTLEZ3C025

Tax ID: 48-0409930

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Security Bank Of Kansas City is a smaller bank specializing in Home Purchase and Refi loans. Security Bank Of Kansas City has a high proportion of conventional loans. Their top markets include Kansas City, St. Joseph, Atlanta, Miami, and Manhattan among others. Security Bank Of Kansas City has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

155

Origination Dollar Volume (All Markets)

$86,275,000

Employee count

450

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
KANSAS CITY, MO-KS (FHA|USDA|VA) 141 $83,275,000 $590,603 $0 0.00%
Outside of Metro Areas 3 $955,000 $318,333 $0 0.00%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 6 $920,000 $153,333 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
MANHATTAN, KS (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Atchison, KS (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
TOPEKA, KS (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%

Security Bank Of Kansas City's top markets include Kansas City, St. Joseph, Atlanta, Miami, and Manhattan among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 155 $86,275,000 $556,613 $0 0.00%

For the 2021 period, Security Bank Of Kansas City's most frequently originated loan type of loans were Conventional, with 155 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 62 $21,890,000 $353,065 $0 0.00%
Refi 50 $58,300,000 $1,166,000 $0 0.00%
Cash Out Refi 29 $4,135,000 $142,586 $0 0.00%
Other 13 $1,795,000 $138,077 $0 0.00%
Home Improvement 1 $155,000 $155,000 $0 0.00%

For the 2021, Security Bank Of Kansas City's most frequently cited loan purpose of loans were Home Purchase, with 62 originations. The 2nd most popular reason of loans were Refi, with 50 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 155 $86,275,000 $556,613 $0 0.00%

For the 2021, Security Bank Of Kansas City's most frequently cited loan length of loans were Other, with 155 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 52 $7,340,000 $141,154 $0 0.00%
$100,000 or less 41 $2,905,000 $70,854 $0 0.00%
$200k-400k 39 $10,825,000 $277,564 $0 0.00%
$400k-600k 13 $6,435,000 $495,000 $0 0.00%
$1MM+ 8 $57,340,000 $7,167,500 $0 0.00%
$600k-1MM 2 $1,430,000 $715,000 $0 0.00%

2021 saw Security Bank Of Kansas City place emphasis on $100k-200k loans with 52 originations, totaling $7,340,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 30 $3,000,000 $100,000 $0 0.00%
$50k-75k 29 $4,135,000 $142,586 $0 0.00%
$100k-150k 24 $4,970,000 $207,083 $0 0.00%
$150k-250k 17 $4,525,000 $266,176 $0 0.00%
$75k-100k 17 $3,435,000 $202,059 $0 0.00%
$250k+ 8 $2,930,000 $366,250 $0 0.00%

Security Bank Of Kansas City lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $50k-75k, with 29 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 155 $86,275,000 $556,613 $0 0.00%

Security Bank Of Kansas City lent most frequently to those with DTI ratios of Exempt%, with 155 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 25 $62,555,000 $2,502,200 $0 0.00%
White 102 $18,890,000 $185,196 $0 0.00%
Not provided 15 $2,585,000 $172,333 $0 0.00%
Black 9 $1,205,000 $133,889 $0 0.00%
American Indian 2 $510,000 $255,000 $0 0.00%
Asian Indian 1 $375,000 $375,000 $0 0.00%
Asian 1 $155,000 $155,000 $0 0.00%

Approval Rates

Total approvals of all applications
84.25%

Security Bank Of Kansas City has a below average approval rate.

Pick Rate

Approvals leading to origination
76.28%

Security Bank Of Kansas City has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 155 $86,275,000 $556,613

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
155 $86,275,000 $556,613

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Security National Financial Corp Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
Security National Financial Corp Conventional home mortgage Closing on a mortgage 1 7.1%
Security National Financial Corp Conventional home mortgage Incorrect information on your report 1 7.1%
Security National Financial Corp Conventional home mortgage Trouble during payment process 5 35.7%
Security National Financial Corp FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
Security National Financial Corp FHA mortgage Trouble during payment process 2 14.3%
Security National Financial Corp Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 14.3%
Security National Financial Corp VA mortgage Closing on a mortgage 1 7.1%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Security Bank of Kansas City 1000 Minnesota Avenue Kansas City, KS 66101 Full Service B&M $29,393
Security Bank of Kansas City 210 Sw Main Street Lees Summit, MO 64063 Full Service B&M $132,509
Security Bank of Kansas City 250 Sw Greenwich Drive Lees Summit, MO 64082 Full Service B&M $45,667
Security Bank of Kansas City 2701 Shawnee Mission Parkway Fairway, KS 66205 Full Service B&M $36,105
Security Bank of Kansas City 3 E Wea Street Paola, KS 66071 Full Service B&M $48,252
Security Bank of Kansas City 3201 Strong Avenue Kansas City, KS 66106 Full Service B&M $73,606
Security Bank of Kansas City 401 North Woodbine Road Saint Joseph, MO 64506 Limited, Drive-thru $24,181
Security Bank of Kansas City 4550 Belleview Avenue Kansas City, MO 64111 Full Service B&M $16,870
Security Bank of Kansas City 5115 Roe Boulevard Roeland Park, KS 66205 Full Service B&M $23,423
Security Bank of Kansas City 5201 Johnson Drive Mission, KS 66205 Full Service B&M $286,278
Security Bank of Kansas City 5348 Lake Avenue Saint Joseph, MO 64504 Limited, Drive-thru $24,046
Security Bank of Kansas City 5450 Roberts Street Shawnee, KS 66226 Full Service B&M $26,938
Security Bank of Kansas City 5800 Foxridge Drive Mission, KS 66202 Full Service B&M $52,349
Security Bank of Kansas City 8550 College Boulevard Overland Park, KS 66210 Full Service B&M $69,312
Security Bank of Kansas City 9601 Northeast Barry Road Kansas City, MO 64157 Full Service B&M $43,976
Security Bank of Kansas City 966 Central Avenue Kansas City, KS 66101 Full Service B&M $19,051
Security Bank of Kansas City 9800 Nw Polo Avenue Kansas City, MO 64153 Full Service B&M $14,543
Security Bank of Kansas City 9900 Woodland Road Lenexa, KS 66220 Full Service B&M $1,379
Security Bank of Kansas City 10300 Mastin Street Overland Park, KS 66212 Full Service B&M $78,004
Security Bank of Kansas City 10840 Parallel Parkway Kansas City, KS 66109 Full Service B&M $96,555
Security Bank of Kansas City 1101 Sw Third Street Lees Summit, MO 64081 Full Service B&M $106,684
Security Bank of Kansas City 11813 Roe Avenue Leawood, KS 66211 Full Service B&M $83,012
Security Bank of Kansas City 1300 North 78th Street Kansas City, KS 66112 Full Service B&M $66,072
Security Bank of Kansas City 1304 S 169 Us Highway Smithville, MO 64089 Full Service B&M $52,817
Security Bank of Kansas City 13379 South Blackbob Road Olathe, KS 66062 Full Service B&M $27,881
Security Bank of Kansas City 13501 Aberdeen Parkway Leawood, KS 66224 Full Service B&M $8,612
Security Bank of Kansas City 13701 Metcalf Avenue Overland Park, KS 66223 Full Service B&M $25,530
Security Bank of Kansas City 15110 West Shawnee Mission Parkway Shawnee, KS 66217 Full Service B&M $35,447
Security Bank of Kansas City 1600 E Peoria Street Paola, KS 66071 Full Service B&M $16,225
Security Bank of Kansas City 1901 Central Avenue Kansas City, KS 66102 Full Service B&M $46,260
Security Bank of Kansas City 5959 Ne Antioch Road Gladstone, MO 64119 Limited, Drive-thru $60,097
Security Bank of Kansas City 6000 Leavenworth Road Kansas City, KS 66104 Full Service B&M $24,596
Security Bank of Kansas City 602 Edmond Street St. Joseph, MO 64501 Full Service B&M $28,723
Security Bank of Kansas City 6040 Martway Mission, KS 66202 Limited, Drive-thru $0
Security Bank of Kansas City 6344 N. Chatham Avenue Kansas City, MO 64151 Full Service B&M $4,715
Security Bank of Kansas City 7001 N Oak Trafficway Gladstone, MO 64118 Full Service B&M $192,681
Security Bank of Kansas City 701 Minnesota Avenue Kansas City, KS 66101 Full Service B&M $436,153
Security Bank of Kansas City 7364 State Avenue Kansas City, KS 66112 Full Service B&M $78,151
Security Bank of Kansas City 7500 W 95th Street Overland Park, KS 66212 Full Service B&M $364,369
Security Bank of Kansas City 8100 West 151st Street Overland Park, KS 66223 Full Service B&M $52,538
Security Bank of Kansas City 8201 Mission Road Prairie Village, KS 66208 Full Service B&M $20,030
Security Bank of Kansas City 8520 Ward Parkway Kansas City, MO 64114 Full Service B&M $25,647
Security Bank of Kansas City 1021 Ne Sam Walton Lane Lees Summit, MO 64086 Full Service B&M $62,061

For 2021, Security Bank Of Kansas City had 43 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $95,629
Net interest income $89,415
Total noninterest income $17,471
Gross Fiduciary activities income $1,709
Service charges on deposit accounts $4,311
Trading account gains and fees $0
Additional Noninterest Income $11,451
Pre-tax net operating income $47,748
Securities gains (or losses, -) $-480
Income before extraordinary items $36,907
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $36,907
Minority interest net income $0
Net income $36,907
Sale, conversion, retirement of capital stock, net $0
Net operating income $37,286

Security Bank Of Kansas City's gross interest income from loans was $95,629,000.
Security Bank Of Kansas City's net interest income from loans was $89,415,000.
Security Bank Of Kansas City's fee based income from loans was $4,311,000.
Security Bank Of Kansas City's net income from loans was $36,907,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $6,214
Provision for credit losses $0
Total noninterest expense $59,138
Salaries and employee benefits $37,101
Premises and equipment expense $11,524
Additional noninterest expense $10,513
Applicable income taxes $10,361
Net charge-offs $-819
Cash dividends $94,000

Security Bank Of Kansas City's interest expense for loans was $6,214,000.
Security Bank Of Kansas City's payroll and benefits expense were $37,101,000.
Security Bank Of Kansas City's property, plant and equipment expenses $11,524,000.

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 $3,038,619
Deposits held in domestic offices $3,038,619
Deposits by Individuals, partnerships, and corporations $2,933,744
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $79,790
Deposits by Commercial banks and other depository institutions in U.S. $25,085
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,471,482
Demand deposits $992,215
Nontransaction accounts $1,567,137
Money market deposit accounts (MMDAs) $905,135
Other savings deposits (excluding MMDAs) $308,773
Total time deposits $353,229
Total time and savings deposits $2,046,404
Noninterest-bearing deposits $992,215
Interest-bearing deposits $2,046,404
Retail deposits $2,950,257
IRAs and Keogh plan accounts $73,859
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $3,659,182
Cash & Balances due from depository institutions $332,921
Interest-bearing balances $300,123
Total securities $1,614,471
Federal funds sold & reverse repurchase $110,470
Net loans and leases $1,438,811
Loan and leases loss allowance $35,388
Trading account assets $0
Bank premises and fixed assets $51,087
Other real estate owned $598
Goodwill and other intangibles $71,927
All other assets $38,897

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $3,659,182
Total Liabilities $3,211,917
Total deposits $3,038,619
Interest-bearing deposits $2,046,404
Deposits held in domestic offices $3,038,619
% insured (estimated) $88
Federal funds purchased and repurchase agreements $162,848
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $10,450

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,438,811
Loan and leases loss allowance $35,388
Total loans and leases (domestic) $1,474,199
All real estate loans $1,261,679
Real estate loans in domestic offices $1,261,679
Construction and development loans $310,741
Residential 1-4 family construction $106,613
Other construction, all land development and other land $204,128
Loans secured by nonfarm nonresidential properties $713,135
Nonfarm nonresidential secured by owner-occupied properties $196,479
Commercial real estate & other non-farm, non-residential $516,656
Multifamily residential real estate $167,173
1-4 family residential loans $57,415
Farmland loans $13,215
Loans held in foreign offices $0
Farm loans $725
Commercial and industrial loans $150,329
To non-U.S. addressees $0
Loans to individuals $9,162
Credit card loans $0
Related Plans $4,634
Consumer Auto Loans $1,074
Other loans to individuals $3,454
All other loans & leases $52,304
Loans to foreign governments and official institutions $0
Other loans $1,152
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 $25,951
Non 1-4 family restructured loans & leases $25,951
Total loans and leases (foreign) $0

Security Bank of Kansas City had $1,438,811,000 of loans outstanding in 2021. $1,261,679,000 of loans were in real estate loans. $310,741,000 of loans were in development loans. $167,173,000 of loans were in multifamily mortgage loans. $57,415,000 of loans were in 1-4 family mortgage loans. $725,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,074,000 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 241 $57,324 $237,859
Nonfarm, nonresidential loans - <$100k 30 $983 $32,767
Nonfarm, nonresidential loans - $100-250k 69 $7,364 $106,725
Nonfarm, nonresidential loans - $250k-1MM 142 $48,977 $344,908
Commercial & Industrial, US addressed loans - <$1MM 446 $43,306 $97,099
Commercial & Industrial, US addressed loans - <$100k 218 $4,615 $21,170
Commercial & Industrial, US addressed loans - $100-250k 96 $8,552 $89,083
Commercial & Industrial, US addressed loans - $250k-1MM 132 $30,139 $228,326
Farmland loans - <$1MM 25 $2,885 $115,400
Farmland loans - <$100k 9 $253 $28,111
Farmland loans - $100-250k 9 $1,305 $145,000
Farmland loans - $250k-1MM 7 $1,327 $189,571
Agriculture operations loans - <$1MM 14 $377 $26,929
Agriculture operations loans - <$100k 12 $246 $20,500
Agriculture operations loans - $100-250k 1 $25 $25,000
Agriculture operations loans - $250k-1MM 1 $106 $106,000