Security Bank Of Kansas City Mortgage Rates, Fees & Info

Kansas City, KS

LEI: 54930058NMHTLEZ3C025

Tax ID: 48-0409930

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Mortgage Data

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

    Security Bank Of Kansas City is a smaller bank specializing in Refi loans. Security Bank Of Kansas City has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Naples, Miami, and St. Joseph among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Security Bank Of Kansas City has an average approval rate when compared to the average across all lenders. They have a below 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

    116

    Origination Dollar Volume (All Markets)

    $67,600,000

    Employee count

    514

    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
    KANSAS CITY, MO-KS (FHA|USDA|VA) 107 $64,995,000 $607,430 $0 0.00%
    Outside of Metro Areas 4 $1,070,000 $267,500 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $810,000 $405,000 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
    Security Bank Of Kansas City's top markets include Kansas City, Naples, Miami, and St. Joseph among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 116 $67,600,000 $582,759 $0 0.00%

    For 2020, Security Bank Of Kansas City's most frequently originated type of loan was Conventional, with 116 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 43 $45,845,000 $1,066,163 $0 0.00%
    Home Purchase 39 $13,305,000 $341,154 $0 0.00%
    Cash Out Refi 22 $5,820,000 $264,545 $0 0.00%
    Other 12 $2,630,000 $219,167 $0 0.00%

    For 2020, Security Bank Of Kansas City's most frequently cited loan purpose was Refi, with 43 originations. The 2nd most popular reason was Home Purchase, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 116 $67,600,000 $582,759 $0 0.00%

    For 2020, Security Bank Of Kansas City's most frequently cited loan duration was Other, with 116 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 43 $11,195,000 $260,349 $0 0.00%
    $100k-200k 41 $6,005,000 $146,463 $0 0.00%
    $100,000 or less 16 $1,090,000 $68,125 $0 0.00%
    $1MM+ 8 $45,170,000 $5,646,250 $0 0.00%
    $400k-600k 7 $3,165,000 $452,143 $0 0.00%
    $600k-1MM 1 $975,000 $975,000 $0 0.00%

    2020 saw Security Bank Of Kansas City place emphasis on $200k-400k loans with 43 originations, totaling $11,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 23 $4,145,000 $180,217 $0 0.00%
    $150k-250k 17 $4,565,000 $268,529 $0 0.00%
    $75k-100k 15 $2,605,000 $173,667 $0 0.00%
    $100k-150k 14 $3,040,000 $217,143 $0 0.00%
    $50k or less 13 $1,515,000 $116,538 $0 0.00%
    $250k+ 8 $4,150,000 $518,750 $0 0.00%

    Security Bank Of Kansas City lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $150k-250k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 116 $67,600,000 $582,759 $0 0.00%

    Security Bank Of Kansas City lent most frequently to those with DTI ratios of Exempt%, with 116 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 14 $45,410,000 $3,243,571 $0 0.00%
    White 87 $19,545,000 $224,655 $0 0.00%
    Not provided 6 $1,170,000 $195,000 $0 0.00%
    Asian 3 $665,000 $221,667 $0 0.00%
    Asian Indian 2 $320,000 $160,000 $0 0.00%
    American Indian 1 $265,000 $265,000 $0 0.00%
    Black 3 $225,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.00%

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

    Pick Rate

    Approvals leading to origination
    67.24%

    Security Bank Of Kansas City has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 116 $67,600,000 $582,759

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $42,965,000 $6,137,857
    Single Family (1-4 Units):Site-Built 109 $24,635,000 $226,009

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Security National Financial Corp Conventional home mortgage Closing on a mortgage 2 33.3%
    Security National Financial Corp Conventional home mortgage Trouble during payment process 4 66.7%

    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 $26,145
    Security Bank of Kansas City 1021 Ne Sam Walton Lane Lees Summit, MO 64086 Full Service B&M $55,746
    Security Bank of Kansas City 10300 Mastin Street Overland Park, KS 66212 Full Service B&M $68,148
    Security Bank of Kansas City 10840 Parallel Parkway Kansas City, KS 66109 Full Service B&M $86,564
    Security Bank of Kansas City 1101 Sw Third Street Lees Summit, MO 64081 Full Service B&M $89,749
    Security Bank of Kansas City 11813 Roe Avenue Leawood, KS 66211 Full Service B&M $63,638
    Security Bank of Kansas City 1300 North 78th Street Kansas City, KS 66112 Full Service B&M $61,232
    Security Bank of Kansas City 1304 S 169 Us Highway Smithville, MO 64089 Full Service B&M $49,262
    Security Bank of Kansas City 13379 South Blackbob Road Olathe, KS 66062 Full Service B&M $24,395
    Security Bank of Kansas City 13501 Aberdeen Parkway Leawood, KS 66224 Full Service B&M $8,975
    Security Bank of Kansas City 13701 Metcalf Avenue Overland Park, KS 66223 Full Service B&M $18,098
    Security Bank of Kansas City 15110 West Shawnee Mission Parkway Shawnee, KS 66217 Full Service B&M $31,878
    Security Bank of Kansas City 1600 E Peoria Street Paola, KS 66071 Full Service B&M $16,513
    Security Bank of Kansas City 1901 Central Avenue Kansas City, KS 66102 Full Service B&M $43,487
    Security Bank of Kansas City 210 Sw Main Street Lees Summit, MO 64063 Full Service B&M $133,971
    Security Bank of Kansas City 250 Sw Greenwich Drive Lees Summit, MO 64082 Full Service B&M $37,250
    Security Bank of Kansas City 2701 Shawnee Mission Parkway Fairway, KS 66205 Full Service B&M $32,046
    Security Bank of Kansas City 3 E Wea Street Paola, KS 66071 Full Service B&M $45,960
    Security Bank of Kansas City 3201 Strong Avenue Kansas City, KS 66106 Full Service B&M $66,565
    Security Bank of Kansas City 401 North Woodbine Road Saint Joseph, MO 64506 Limited, Drive-thru $22,334
    Security Bank of Kansas City 4550 Belleview Avenue Kansas City, MO 64111 Full Service B&M $12,859
    Security Bank of Kansas City 5115 Roe Boulevard Roeland Park, KS 66205 Full Service B&M $19,492
    Security Bank of Kansas City 5201 Johnson Drive Mission, KS 66205 Full Service B&M $264,428
    Security Bank of Kansas City 5348 Lake Avenue Saint Joseph, MO 64504 Limited, Drive-thru $23,264
    Security Bank of Kansas City 5450 Roberts Street Shawnee, KS 66226 Full Service B&M $21,336
    Security Bank of Kansas City 5800 Foxridge Drive Mission, KS 66202 Full Service B&M $46,416
    Security Bank of Kansas City 5959 Ne Antioch Road Gladstone, MO 64119 Limited, Drive-thru $56,063
    Security Bank of Kansas City 6000 Leavenworth Road Kansas City, KS 66104 Full Service B&M $24,764
    Security Bank of Kansas City 602 Edmond Street St. Joseph, MO 64501 Full Service B&M $26,281
    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 $4,367
    Security Bank of Kansas City 7001 N Oak Trafficway Gladstone, MO 64118 Full Service B&M $151,659
    Security Bank of Kansas City 701 Minnesota Avenue Kansas City, KS 66101 Full Service B&M $431,928
    Security Bank of Kansas City 7364 State Avenue Kansas City, KS 66112 Full Service B&M $63,055
    Security Bank of Kansas City 7500 W 95th Street Overland Park, KS 66212 Full Service B&M $343,002
    Security Bank of Kansas City 8100 West 151st Street Overland Park, KS 66223 Full Service B&M $52,984
    Security Bank of Kansas City 8201 Mission Road Prairie Village, KS 66208 Full Service B&M $18,534
    Security Bank of Kansas City 8520 Ward Parkway Kansas City, MO 64114 Full Service B&M $20,780
    Security Bank of Kansas City 8550 College Boulevard Overland Park, KS 66210 Full Service B&M $61,531
    Security Bank of Kansas City 9601 Northeast Barry Road Kansas City, MO 64157 Full Service B&M $37,544
    Security Bank of Kansas City 966 Central Avenue Kansas City, KS 66101 Full Service B&M $16,068
    Security Bank of Kansas City 9800 Nw Polo Avenue Kansas City, MO 64153 Full Service B&M $9,483

    For 2020, Security Bank Of Kansas City had 42 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $100,248
    Net interest income $90,881
    Total noninterest income $16,683
    Gross Fiduciary activities income $2,147
    Service charges on deposit accounts $4,162
    Trading account gains and fees $0
    Additional Noninterest Income $10,374
    Pre-tax net operating income $40,396
    Securities gains (or losses, -) $140
    Income before extraordinary items $31,927
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $31,927
    Minority interest net income $0
    Net income $31,927
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $31,816

    Security Bank Of Kansas City's gross interest income from loans was $100,248,000.
    Security Bank Of Kansas City's net interest income from loans was $90,881,000.
    Security Bank Of Kansas City's fee based income from loans was $4,162,000.
    Security Bank Of Kansas City's net income from loans was $31,927,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,367
    Provision for credit losses $8,000
    Total noninterest expense $59,168
    Salaries and employee benefits $37,649
    Premises and equipment expense $11,966
    Additional noninterest expense $9,553
    Applicable income taxes $8,609
    Net charge-offs $1,553
    Cash dividends $23,000

    Security Bank Of Kansas City's interest expense for loans was $9,367,000.
    Security Bank Of Kansas City's payroll and benefits expense were $37,649,000.
    Security Bank Of Kansas City's property, plant and equipment expenses $11,966,000.

    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 $2,747,722
    Deposits held in domestic offices $2,747,722
    Deposits by Individuals, partnerships, and corporations $2,626,646
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $94,480
    Deposits by Commercial banks and other depository institutions in U.S. $26,596
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,271,980
    Demand deposits $829,908
    Nontransaction accounts $1,475,742
    Money market deposit accounts (MMDAs) $791,005
    Other savings deposits (excluding MMDAs) $266,107
    Total time deposits $418,630
    Total time and savings deposits $1,917,814
    Noninterest-bearing deposits $829,908
    Interest-bearing deposits $1,917,814
    Retail deposits $2,640,414
    IRAs and Keogh plan accounts $81,216
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,416,169
    Cash & Balances due from depository institutions $280,704
    Interest-bearing balances $242,396
    Total securities $1,211,661
    Federal funds sold & reverse repurchase $76,409
    Net loans and leases $1,692,831
    Loan and leases loss allowance $34,569
    Trading account assets $0
    Bank premises and fixed assets $52,641
    Other real estate owned $3,362
    Goodwill and other intangibles $71,927
    All other assets $26,634

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,416,169
    Total Liabilities $2,886,662
    Total deposits $2,747,722
    Interest-bearing deposits $1,917,814
    Deposits held in domestic offices $2,747,722
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $125,418
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $13,522

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,692,831
    Loan and leases loss allowance $34,569
    Total loans and leases (domestic) $1,727,400
    All real estate loans $1,421,331
    Real estate loans in domestic offices $1,421,331
    Construction and development loans $406,166
    Residential 1-4 family construction $67,155
    Other construction, all land development and other land $339,011
    Loans secured by nonfarm nonresidential properties $711,921
    Nonfarm nonresidential secured by owner-occupied properties $180,308
    Commercial real estate & other non-farm, non-residential $531,613
    Multifamily residential real estate $218,135
    1-4 family residential loans $64,223
    Farmland loans $20,886
    Loans held in foreign offices $0
    Farm loans $735
    Commercial and industrial loans $241,542
    To non-U.S. addressees $0
    Loans to individuals $10,010
    Credit card loans $0
    Related Plans $4,861
    Consumer Auto Loans $1,888
    Other loans to individuals $3,261
    All other loans & leases $53,782
    Loans to foreign governments and official institutions $0
    Other loans $6,283
    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 $26,343
    Non 1-4 family restructured loans & leases $26,343
    Total loans and leases (foreign) $0

    Security Bank of Kansas City had $1,692,831,000 of loans outstanding in 2020. $1,421,331,000 of loans were in real estate loans. $406,166,000 of loans were in development loans. $218,135,000 of loans were in multifamily mortgage loans. $64,223,000 of loans were in 1-4 family mortgage loans. $735,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,888,000 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 274 $67,568 $246,599
    Nonfarm, nonresidential loans - <$100k 36 $1,068 $29,667
    Nonfarm, nonresidential loans - $100-250k 80 $8,706 $108,825
    Nonfarm, nonresidential loans - $250k-1MM 158 $57,794 $365,785
    Commercial & Industrial, US addressed loans - <$1MM 1,322 $109,163 $82,574
    Commercial & Industrial, US addressed loans - <$100k 910 $24,089 $26,471
    Commercial & Industrial, US addressed loans - $100-250k 214 $25,579 $119,528
    Commercial & Industrial, US addressed loans - $250k-1MM 198 $59,495 $300,480
    Farmland loans - <$1MM 27 $2,993 $110,852
    Farmland loans - <$100k 13 $496 $38,154
    Farmland loans - $100-250k 9 $1,208 $134,222
    Farmland loans - $250k-1MM 5 $1,289 $257,800
    Agriculture operations loans - <$1MM 18 $337 $18,722
    Agriculture operations loans - <$100k 16 $326 $20,375
    Agriculture operations loans - $100-250k 1 $1 $1,000
    Agriculture operations loans - $250k-1MM 1 $10 $10,000