Kirkpatrick Bank Mortgage Rates, Fees & Info

Edmond, OK

LEI: 5493009EEWZ9S4F2BE94

Tax ID: 73-0789115

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Mortgage Data

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

    Kirkpatrick Bank is a smaller bank specializing in Home Purchase and Refi loans. Kirkpatrick Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Oklahoma City, Colorado Springs, and Denver among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kirkpatrick 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.

    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

    357

    Origination Dollar Volume (All Markets)

    $110,875,000

    Employee count

    108

    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
    OKLAHOMA CITY, OK (FHA|USDA|VA) 206 $58,270,000 $282,864 $0 0.00%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 67 $28,705,000 $428,433 $0 0.00%
    Outside of Metro Areas 73 $20,645,000 $282,808 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 11 $3,255,000 $295,909 $0 0.00%
    Kirkpatrick Bank's top markets include Oklahoma City, Colorado Springs, and Denver among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 329 $101,955,000 $309,894 $0 0.00%
    VA 22 $7,880,000 $358,182 $0 0.00%
    FHA 6 $1,040,000 $173,333 $0 0.00%

    For 2021, Kirkpatrick Bank's most frequently originated type of loan was Conventional, with 329 originations. Their 2nd most popular type was VA, with 22 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 171 $57,045,000 $333,596 $0 0.00%
    Refi 121 $33,665,000 $278,223 $0 0.00%
    Cash Out Refi 55 $17,845,000 $324,455 $0 0.00%
    Other 6 $1,410,000 $235,000 $0 0.00%
    Home Improvement 4 $910,000 $227,500 $0 0.00%

    For 2021, Kirkpatrick Bank's most frequently cited loan purpose was Home Purchase, with 171 originations. The 2nd most popular reason was Refi, with 121 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 357 $110,875,000 $310,574 $0 0.00%

    For 2021, Kirkpatrick Bank's most frequently cited loan duration was Other, with 357 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 151 $43,345,000 $287,053 $0 0.00%
    $100k-200k 100 $15,180,000 $151,800 $0 0.00%
    $400k-600k 77 $37,355,000 $485,130 $0 0.00%
    $100,000 or less 16 $960,000 $60,000 $0 0.00%
    $600k-1MM 9 $6,735,000 $748,333 $0 0.00%
    $1MM+ 4 $7,300,000 $1,825,000 $0 0.00%

    2021 saw Kirkpatrick Bank place emphasis on $200k-400k loans with 151 originations, totaling $43,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 82 $25,620,000 $312,439 $0 0.00%
    $150k-250k 64 $22,870,000 $357,344 $0 0.00%
    $50k-75k 53 $11,735,000 $221,415 $0 0.00%
    $75k-100k 45 $12,745,000 $283,222 $0 0.00%
    $250k+ 36 $17,950,000 $498,611 $0 0.00%
    $50k or less 35 $4,975,000 $142,143 $0 0.00%

    Kirkpatrick Bank lent most frequently to those with incomes in the $100k-150k range, with 82 originations. The second most popular income band? $150k-250k, with 64 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 357 $110,875,000 $310,574 $0 0.00%

    Kirkpatrick Bank lent most frequently to those with DTI ratios of Exempt%, with 357 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 287 $85,115,000 $296,568 $0 0.00%
    Not applicable 20 $9,070,000 $453,500 $0 0.00%
    Not provided 22 $7,530,000 $342,273 $0 0.00%
    American Indian 13 $3,705,000 $285,000 $0 0.00%
    Black 7 $3,075,000 $439,286 $0 0.00%
    Asian 4 $1,440,000 $360,000 $0 0.00%
    Asian Indian 1 $325,000 $325,000 $0 0.00%
    Korean 1 $255,000 $255,000 $0 0.00%
    Other Asian 1 $235,000 $235,000 $0 0.00%
    Native Hawaiian or Islander 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.02%

    Kirkpatrick 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 origination
    87.39%

    Kirkpatrick Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 357 $110,875,000 $310,574

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    357 $110,875,000 $310,574

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Kirkpatrick Bank 102 North Cascade Avenue, Suite 100 Colorado Springs, CO 80903 Full Service B&M $331,414
    Kirkpatrick Bank 15 East 15th Street Edmond, OK 73013 Full Service Cyber Office $8,405
    Kirkpatrick Bank 15 East 15th Street Edmond, OK 73013 Full Service B&M $487,487
    Kirkpatrick Bank 1850 Platte Street, Suite 400 Denver, CO 80202 Full Service B&M $34,828
    Kirkpatrick Bank 222 N.W. 63 Oklahoma City, OK 73116 Full Service B&M $15,172
    Kirkpatrick Bank 2245 West Danforth Road Edmond, OK 73003 Full Service B&M $15,682
    Kirkpatrick Bank 8 Bassick Place Westcliffe, CO 81252 Full Service B&M $26,005

    For 2021, Kirkpatrick Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $31,068
    Net interest income $28,820
    Total noninterest income $3,384
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $300
    Trading account gains and fees $0
    Additional Noninterest Income $3,084
    Pre-tax net operating income $12,361
    Securities gains (or losses, -) $55
    Income before extraordinary items $12,416
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,416
    Minority interest net income $0
    Net income $12,416
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,361

    Kirkpatrick Bank's gross interest income from loans was $31,068,000.
    Kirkpatrick Bank's net interest income from loans was $28,820,000.
    Kirkpatrick Bank's fee based income from loans was $300,000.
    Kirkpatrick Bank's net income from loans was $12,416,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,248
    Provision for credit losses $239
    Total noninterest expense $19,604
    Salaries and employee benefits $11,498
    Premises and equipment expense $3,258
    Additional noninterest expense $4,848
    Applicable income taxes $0
    Net charge-offs $-78
    Cash dividends $7,575

    Kirkpatrick Bank's interest expense for loans was $2,248,000.
    Kirkpatrick Bank's payroll and benefits expense were $11,498,000.
    Kirkpatrick Bank's property, plant and equipment expenses $3,258,000.

    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 $1,045,750
    Deposits held in domestic offices $1,045,750
    Deposits by Individuals, partnerships, and corporations $856,563
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $189,187
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $541,932
    Demand deposits $308,217
    Nontransaction accounts $503,818
    Money market deposit accounts (MMDAs) $361,761
    Other savings deposits (excluding MMDAs) $46,909
    Total time deposits $95,148
    Total time and savings deposits $737,533
    Noninterest-bearing deposits $300,072
    Interest-bearing deposits $745,678
    Retail deposits $983,170
    IRAs and Keogh plan accounts $5,817
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,174,994
    Cash & Balances due from depository institutions $125,224
    Interest-bearing balances $121,113
    Total securities $439,176
    Federal funds sold & reverse repurchase $1,876
    Net loans and leases $594,308
    Loan and leases loss allowance $12,739
    Trading account assets $0
    Bank premises and fixed assets $5,796
    Other real estate owned $0
    Goodwill and other intangibles $325
    All other assets $8,289

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,174,994
    Total Liabilities $1,075,734
    Total deposits $1,045,750
    Interest-bearing deposits $745,678
    Deposits held in domestic offices $1,045,750
    % insured (estimated) $44
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $23,300
    Subordinated debt $0
    All other liabilities $6,684

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $594,308
    Loan and leases loss allowance $12,739
    Total loans and leases (domestic) $607,047
    All real estate loans $518,534
    Real estate loans in domestic offices $518,534
    Construction and development loans $130,483
    Residential 1-4 family construction $84,104
    Other construction, all land development and other land $46,379
    Loans secured by nonfarm nonresidential properties $293,919
    Nonfarm nonresidential secured by owner-occupied properties $94,837
    Commercial real estate & other non-farm, non-residential $199,082
    Multifamily residential real estate $21,495
    1-4 family residential loans $71,674
    Farmland loans $963
    Loans held in foreign offices $0
    Farm loans $483
    Commercial and industrial loans $72,509
    To non-U.S. addressees $0
    Loans to individuals $5,429
    Credit card loans $8
    Related Plans $1,068
    Consumer Auto Loans $1,004
    Other loans to individuals $3,349
    All other loans & leases $10,092
    Loans to foreign governments and official institutions $0
    Other loans $207
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,615
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $797
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Kirkpatrick Bank had $594,308,000 of loans outstanding in 2021. $518,534,000 of loans were in real estate loans. $130,483,000 of loans were in development loans. $21,495,000 of loans were in multifamily mortgage loans. $71,674,000 of loans were in 1-4 family mortgage loans. $483,000 of loans were in farm loans. $8,000 of loans were in credit card loans. $1,004,000 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 133 $48,670 $365,940
    Nonfarm, nonresidential loans - <$100k 15 $698 $46,533
    Nonfarm, nonresidential loans - $100-250k 32 $5,352 $167,250
    Nonfarm, nonresidential loans - $250k-1MM 86 $42,620 $495,581
    Commercial & Industrial, US addressed loans - <$1MM 214 $30,782 $143,841
    Commercial & Industrial, US addressed loans - <$100k 136 $3,575 $26,287
    Commercial & Industrial, US addressed loans - $100-250k 37 $6,764 $182,811
    Commercial & Industrial, US addressed loans - $250k-1MM 41 $20,443 $498,610
    Farmland loans - <$1MM 2 $363 $181,500
    Farmland loans - <$100k 1 $67 $67,000
    Farmland loans - $250k-1MM 1 $296 $296,000
    Agriculture operations loans - <$1MM 10 $483 $48,300
    Agriculture operations loans - <$100k 8 $218 $27,250
    Agriculture operations loans - $100-250k 2 $265 $132,500