First Federal Savings And Loan Bank Mortgage Rates, Fees & Info

Olathe, KS

LEI: 5493008HZMBEJQEY0J72

Tax ID: 48-0220635

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Mortgage Data

Bank Data

Review & Overview

First Federal Savings And Loan Bank is a smaller bank specializing in Home Purchase and Refi loans. First Federal Savings And Loan Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Ottawa, Manhattan, and Lawrence among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Federal Savings And Loan 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

204

Origination Dollar Volume (All Markets)

$21,600,000

Employee count

7

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) 196 $20,670,000 $105,459 $0 0.00%
Ottawa, KS (FHA|USDA|VA) 3 $345,000 $115,000 $0 0.00%
MANHATTAN, KS (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
LAWRENCE, KS (FHA|USDA|VA) 3 $245,000 $81,667 $0 0.00%
Outside of Metro Areas 1 $75,000 $75,000 $0 0.00%
First Federal Savings And Loan Bank's top markets include Kansas City, Ottawa, Manhattan, and Lawrence among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 204 $21,600,000 $105,882 $0 0.00%

    For 2018, First Federal Savings And Loan Bank's most frequently originated type of loan was Conventional, with 204 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 136 $15,350,000 $112,868 $0 0.00%
    Refi 51 $5,465,000 $107,157 $0 0.00%
    Home Improvement 14 $690,000 $49,286 $0 0.00%
    Other 3 $95,000 $31,667 $0 0.00%

    For 2018, First Federal Savings And Loan Bank's most frequently cited loan purpose was Home Purchase, with 136 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 204 $21,600,000 $105,882 $0 0.00%

    For 2018, First Federal Savings And Loan Bank's most frequently cited loan duration was Other, with 204 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 110 $6,500,000 $59,091 $0 0.00%
    $100k-200k 72 $10,020,000 $139,167 $0 0.00%
    $200k-400k 22 $5,080,000 $230,909 $0 0.00%

    2018 saw First Federal Savings And Loan Bank place emphasis on $100,000 or less loans with 110 originations, totaling $6,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 51 $5,665,000 $111,078 $0 0.00%
    $50k or less 47 $3,565,000 $75,851 $0 0.00%
    $75k-100k 26 $2,920,000 $112,308 $0 0.00%
    $100k-150k 25 $3,075,000 $123,000 $0 0.00%
    $250k+ 16 $1,990,000 $124,375 $0 0.00%
    $150k-250k 11 $1,625,000 $147,727 $0 0.00%

    First Federal Savings And Loan Bank lent most frequently to those with incomes in the $50k-75k range, with 51 originations. The second most popular income band? $50k or less, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 204 $21,600,000 $105,882 $0 0.00%

    First Federal Savings And Loan Bank lent most frequently to those with DTI ratios of Exempt%, with 204 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 163 $17,355,000 $106,472 $0 0.00%
    Not applicable 28 $2,760,000 $98,571 $0 0.00%
    Asian 5 $755,000 $151,000 $0 0.00%
    Black 6 $580,000 $96,667 $0 0.00%
    American Indian 1 $75,000 $75,000 $0 0.00%
    Not provided 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.25%

    First Federal Savings And Loan Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.63%

    First Federal Savings And Loan Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 204 $21,600,000 $105,882

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $225,000 $225,000
    Single Family (1-4 Units):Manufactured 2 $80,000 $40,000
    Single Family (1-4 Units):Site-Built 201 $21,295,000 $105,945

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 5 35.7%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 3 21.4%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 7.1%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 1 7.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Federal Savings and Loan Bank 700 East Santa Fe Street Olathe, KS 66061 Full Service B&M $68,634

    For 2018, First Federal Savings And Loan Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,593
    Net interest income $4,156
    Total noninterest income $-98
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2
    Trading account gains and fees $0
    Additional Noninterest Income $-100
    Pre-tax net operating income $2,717
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,619
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,619
    Minority interest net income $0
    Net income $2,619
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,619

    First Federal Savings And Loan Bank's gross interest income from loans was $5,593,000.
    First Federal Savings And Loan Bank's net interest income from loans was $4,156,000.
    First Federal Savings And Loan Bank's fee based income from loans was $2,000.
    First Federal Savings And Loan Bank's net income from loans was $2,619,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,437
    Provision for credit losses $11
    Total noninterest expense $1,330
    Salaries and employee benefits $820
    Premises and equipment expense $57
    Additional noninterest expense $453
    Applicable income taxes $98
    Net charge-offs $-9
    Cash dividends $1,201

    First Federal Savings And Loan Bank's interest expense for loans was $1,437,000.
    First Federal Savings And Loan Bank's payroll and benefits expense were $820,000.
    First Federal Savings And Loan Bank's property, plant and equipment expenses $57,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $67,661
    Deposits held in domestic offices $67,661
    Deposits by Individuals, partnerships, and corporations $57,345
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $279
    Deposits by Commercial banks and other depository institutions in U.S. $10,037
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $0
    Demand deposits $0
    Nontransaction accounts $67,661
    Money market deposit accounts (MMDAs) $8,141
    Other savings deposits (excluding MMDAs) $3,110
    Total time deposits $56,411
    Total time and savings deposits $67,661
    Noninterest-bearing deposits $731
    Interest-bearing deposits $66,930
    Retail deposits $27,588
    IRAs and Keogh plan accounts $0
    Brokered deposits $37,708
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $91,128
    Cash & Balances due from depository institutions $3,896
    Interest-bearing balances $2,800
    Total securities $0
    Federal funds sold & reverse repurchase $3,455
    Net loans and leases $81,783
    Loan and leases loss allowance $847
    Trading account assets $0
    Bank premises and fixed assets $416
    Other real estate owned $175
    Goodwill and other intangibles $0
    All other assets $1,403

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $91,128
    Total Liabilities $80,753
    Total deposits $67,661
    Interest-bearing deposits $66,930
    Deposits held in domestic offices $67,661
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $12,439
    Subordinated debt $0
    All other liabilities $653

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $81,783
    Loan and leases loss allowance $847
    Total loans and leases (domestic) $82,630
    All real estate loans $82,472
    Real estate loans in domestic offices $82,472
    Construction and development loans $3,343
    Residential 1-4 family construction $3,343
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $1,854
    Nonfarm nonresidential secured by owner-occupied properties $1,854
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $577
    1-4 family residential loans $76,698
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $102
    To non-U.S. addressees $0
    Loans to individuals $56
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $56
    All other loans & leases $0
    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 $564
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First Federal Savings and Loan Bank had $81,783,000 of loans outstanding in 2018. $82,472,000 of loans were in real estate loans. $3,343,000 of loans were in development loans. $577,000 of loans were in multifamily mortgage loans. $76,698,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 $1,824 $101,333
    Nonfarm, nonresidential loans - <$100k 7 $342 $48,857
    Nonfarm, nonresidential loans - $100-250k 6 $560 $93,333
    Nonfarm, nonresidential loans - $250k-1MM 5 $922 $184,400
    Commercial & Industrial, US addressed loans - <$1MM 1 $102 $102,000
    Commercial & Industrial, US addressed loans - $100-250k 1 $102 $102,000