The Union State Bank Mortgage Rates, Fees & Info
Arkansas City, KSLEI: 5493007LG15SP6QAWL48
Tax ID: 48-0456370
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Mortgage Data
Bank Data
Review & Overview
The Union State Bank is a smaller bank specializing in Home Purchase and Refi loans. The Union State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Winfield, Bartlesville, Tulsa, and Lawrence among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)The Union State 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
166Origination Dollar Volume (All Markets)
$18,700,000Employee count
75Top 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) | 56 | $7,340,000 | $131,071 | $0 | 0.00% |
| Winfield, KS (FHA|USDA|VA) | 77 | $6,425,000 | $83,442 | $0 | 0.00% |
| Bartlesville, OK (FHA|USDA|VA) | 8 | $1,350,000 | $168,750 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 6 | $1,240,000 | $206,667 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $795,000 | $113,571 | $0 | 0.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Ponca City, OK (FHA|USDA|VA) | 4 | $350,000 | $87,500 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Pittsburg, KS (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
| Coffeyville, KS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| McAlester, OK (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 166 | $18,700,000 | $112,651 | $0 | 0.00% |
For 2018, The Union State Bank's most frequently originated type of loan was Conventional, with 166 originations.
Loan Reason
For 2018, The Union State Bank's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Refi, with 54 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 166 | $18,700,000 | $112,651 | $0 | 0.00% |
For 2018, The Union State Bank's most frequently cited loan duration was Other, with 166 originations.
Loan Sizing
2018 saw The Union State Bank place emphasis on $100,000 or less loans with 104 originations, totaling $5,350,000 in origination value.
Applicant Income
The Union State Bank lent most frequently to those with incomes in the $50k-75k range, with 25 originations. The second most popular income band? $50k or less, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 166 | $18,700,000 | $112,651 | $0 | 0.00% |
The Union State Bank lent most frequently to those with DTI ratios of Exempt%, with 166 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.13%
The Union State Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.76%
The Union State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 166 | $18,700,000 | $112,651 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| THE MONEY HOUSE, INC. | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| THE MONEY HOUSE, INC. | Reverse mortgage | Struggling to pay mortgage | 1 | 50.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The Union State Bank | 10111 E 21 St North #100 Wichita, KS 67206 | Full Service B&M | $6,715 |
| The Union State Bank | 119 W 1st St Udall, KS 67146 | Full Service B&M | $13,067 |
| The Union State Bank | 121 West 9th St Winfield, KS 67156 | Limited, Drive-thru | $0 |
| The Union State Bank | 127 South Summit Street Arkansas City, KS 67005 | Full Service B&M | $108,672 |
| The Union State Bank | 1329 N 1st St Arkansas City, KS 67005 | Full Service B&M | $0 |
| The Union State Bank | 2100 Pike Rd Winfield, KS 67156 | Full Service B&M | $0 |
| The Union State Bank | 2327 North Ridge Road Wichita, KS 67205 | Full Service B&M | $36,714 |
| The Union State Bank | 700 North Summit Street Arkansas City, KS 67005 | Limited, Drive-thru | $0 |
| The Union State Bank | 823 Main St Winfield, KS 67156 | Full Service B&M | $90,265 |
For 2018, The Union State Bank had 9 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $12,113 |
| Net interest income | $10,738 |
| Total noninterest income | $3,271 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $823 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,448 |
| Pre-tax net operating income | $3,678 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,555 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,555 |
| Minority interest net income | $0 |
| Net income | $3,555 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,555 |
The Union State Bank's gross interest income from loans was $12,113,000.
The Union State Bank's net interest income from loans was $10,738,000.
The Union State Bank's fee based income from loans was $823,000.
The Union State Bank's net income from loans was $3,555,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,375 |
| Provision for credit losses | $133 |
| Total noninterest expense | $10,198 |
| Salaries and employee benefits | $6,192 |
| Premises and equipment expense | $1,023 |
| Additional noninterest expense | $2,983 |
| Applicable income taxes | $123 |
| Net charge-offs | $28 |
| Cash dividends | $1,461 |
The Union State Bank's interest expense for loans was $1,375,000.
The Union State Bank's payroll and benefits expense were $6,192,000.
The Union State Bank's property, plant and equipment expenses $1,023,000.
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 | $267,554 |
| Deposits held in domestic offices | $267,554 |
| Deposits by Individuals, partnerships, and corporations | $240,809 |
| Deposits by U.S. Government | $63 |
| Deposits by States and political subdivisions in the U.S. | $26,591 |
| Deposits by Commercial banks and other depository institutions in U.S. | $91 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $110,177 |
| Demand deposits | $47,427 |
| Nontransaction accounts | $157,377 |
| Money market deposit accounts (MMDAs) | $58,770 |
| Other savings deposits (excluding MMDAs) | $25,953 |
| Total time deposits | $72,654 |
| Total time and savings deposits | $220,127 |
| Noninterest-bearing deposits | $45,826 |
| Interest-bearing deposits | $221,728 |
| Retail deposits | $243,504 |
| IRAs and Keogh plan accounts | $12,158 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $323,821 |
| Cash & Balances due from depository institutions | $29,072 |
| Interest-bearing balances | $24,775 |
| Total securities | $53,424 |
| Federal funds sold & reverse repurchase | $61 |
| Net loans and leases | $212,552 |
| Loan and leases loss allowance | $3,512 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,783 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $11,296 |
| All other assets | $8,633 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $323,821 |
| Total Liabilities | $284,718 |
| Total deposits | $267,554 |
| Interest-bearing deposits | $221,728 |
| Deposits held in domestic offices | $267,554 |
| % insured (estimated) | $74 |
| Federal funds purchased and repurchase agreements | $10,210 |
| Trading liabilities | $0 |
| Other borrowed funds | $4,316 |
| Subordinated debt | $0 |
| All other liabilities | $2,638 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $212,552 |
| Loan and leases loss allowance | $3,512 |
| Total loans and leases (domestic) | $216,064 |
| All real estate loans | $167,344 |
| Real estate loans in domestic offices | $167,344 |
| Construction and development loans | $14,762 |
| Residential 1-4 family construction | $6,414 |
| Other construction, all land development and other land | $8,348 |
| Loans secured by nonfarm nonresidential properties | $63,979 |
| Nonfarm nonresidential secured by owner-occupied properties | $12,975 |
| Commercial real estate & other non-farm, non-residential | $51,004 |
| Multifamily residential real estate | $8,761 |
| 1-4 family residential loans | $61,129 |
| Farmland loans | $18,713 |
| Loans held in foreign offices | $0 |
| Farm loans | $11,035 |
| Commercial and industrial loans | $26,499 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $6,726 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $3,011 |
| Other loans to individuals | $3,715 |
| All other loans & leases | $4,460 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 |
The Union State Bank had $212,552,000 of loans outstanding in 2018. $167,344,000 of loans were in real estate loans. $14,762,000 of loans were in development loans. $8,761,000 of loans were in multifamily mortgage loans. $61,129,000 of loans were in 1-4 family mortgage loans. $11,035,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,011,000 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 | 145 | $27,174 | $187,407 |
| Nonfarm, nonresidential loans - <$100k | 54 | $1,986 | $36,778 |
| Nonfarm, nonresidential loans - $100-250k | 50 | $6,595 | $131,900 |
| Nonfarm, nonresidential loans - $250k-1MM | 41 | $18,593 | $453,488 |
| Commercial & Industrial, US addressed loans - <$1MM | 347 | $16,966 | $48,893 |
| Commercial & Industrial, US addressed loans - <$100k | 288 | $6,804 | $23,625 |
| Commercial & Industrial, US addressed loans - $100-250k | 33 | $3,070 | $93,030 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 26 | $7,092 | $272,769 |
| Farmland loans - <$1MM | 110 | $11,636 | $105,782 |
| Farmland loans - <$100k | 52 | $2,368 | $45,538 |
| Farmland loans - $100-250k | 46 | $5,945 | $129,239 |
| Farmland loans - $250k-1MM | 12 | $3,323 | $276,917 |
| Agriculture operations loans - <$1MM | 196 | $7,276 | $37,122 |
| Agriculture operations loans - <$100k | 170 | $3,775 | $22,206 |
| Agriculture operations loans - $100-250k | 19 | $2,156 | $113,474 |
| Agriculture operations loans - $250k-1MM | 7 | $1,345 | $192,143 |