Security Bank Mortgage Rates, Fees & Info
Tulsa, OKLEI: 5493007KC6RR4UC6S050
Tax ID: 73-0394735
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Security Bank is a smaller bank specializing in Home Purchase and Refi loans. Security Bank has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Kansas City, Muskogee, and Bartlesville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Security Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
78Origination Dollar Volume (All Markets)
$20,390,000Top 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 |
|---|---|---|---|---|---|
| TULSA, OK (FHA|USDA|VA) | 71 | $17,355,000 | $244,437 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $2,000,000 | $500,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 78 | $20,390,000 | $261,410 | $0 | 0.00% |
For 2023, Security Bank's most frequently originated type of loan was Conventional, with 78 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 50 | $13,830,000 | $276,600 | $0 | 0.00% |
| Home Improvement | 15 | $1,065,000 | $71,000 | $0 | 0.00% |
| Refi | 13 | $5,495,000 | $422,692 | $0 | 0.00% |
For 2023, Security Bank's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Home Improvement, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 78 | $20,390,000 | $261,410 | $0 | 0.00% |
For 2023, Security Bank's most frequently cited loan duration was Other, with 78 originations.
Loan Sizing
2023 saw Security Bank place emphasis on $100,000 or less loans with 26 originations, totaling $1,440,000 in origination value.
Applicant Income
Security Bank lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 78 | $20,390,000 | $261,410 | $0 | 0.00% |
Security Bank lent most frequently to those with DTI ratios of Exempt%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.89%
Security 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 origination80.77%
Security Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 78 | $20,390,000 | $261,410 |