Mutual Savings Association Mortgage Rates, Fees & Info
Leavenworth, KSLEI: 5493009ROW8QSODANH20
Tax ID: 48-0306560
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Bank Data
Review & Overview
Mutual Savings Association is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Mutual Savings Association has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Kansas City, St. Joseph, Topeka, Lawrence, and Atchison among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Mutual Savings Association 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
188Origination Dollar Volume (All Markets)
$41,260,000Employee count
46Top 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) | 126 | $30,490,000 | $241,984 | $0 | 0.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 27 | $5,645,000 | $209,074 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 19 | $2,265,000 | $119,211 | $0 | 0.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 12 | $2,050,000 | $170,833 | $0 | 0.00% |
| Atchison, KS (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| Winfield, KS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 183 | $40,665,000 | $222,213 | $0 | 0.00% |
| USDA | 5 | $595,000 | $119,000 | $0 | 0.00% |
For 2018, Mutual Savings Association's most frequently originated type of loan was Conventional, with 183 originations. Their 2nd most popular type was USDA, with 5 originations.
Loan Reason
For 2018, Mutual Savings Association's most frequently cited loan purpose was Home Purchase, with 118 originations. The 2nd most popular reason was Cash Out Refi, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 188 | $41,260,000 | $219,468 | $0 | 0.00% |
For 2018, Mutual Savings Association's most frequently cited loan duration was Other, with 188 originations.
Loan Sizing
2018 saw Mutual Savings Association place emphasis on $100k-200k loans with 68 originations, totaling $9,820,000 in origination value.
Applicant Income
Mutual Savings Association lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $50k or less, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 188 | $41,260,000 | $219,468 | $0 | 0.00% |
Mutual Savings Association lent most frequently to those with DTI ratios of Exempt%, with 188 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.54%
Mutual Savings Association has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.51%
Mutual Savings Association has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 188 | $41,260,000 | $219,468 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Mutual Savings Association, FSA | 100 South 4th St Leavenworth, KS 66048 | Full Service B&M | $76,870 |
| Mutual Savings Association, FSA | 229 Oak Bonner Springs, KS 66012 | Full Service B&M | $7,342 |
| Mutual Savings Association, FSA | 3400 South Fourth Street Leavenworth, KS 66048 | Full Service B&M | $14,368 |
| Mutual Savings Association, FSA | 403 East 4th Street Tonganoxie, KS 66086 | Full Service B&M | $17,236 |
| Mutual Savings Association, FSA | 515 Delaware Oskaloosa, KS 66066 | Full Service B&M | $18,051 |
| Mutual Savings Association, FSA | 801 Main Eudora, KS 66025 | Full Service B&M | $8,808 |
For 2018, Mutual Savings Association had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $7,719 |
| Net interest income | $6,610 |
| Total noninterest income | $1,883 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $111 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,772 |
| Pre-tax net operating income | $3,041 |
| Securities gains (or losses, -) | $-380 |
| Income before extraordinary items | $2,177 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,177 |
| Minority interest net income | $0 |
| Net income | $2,177 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,488 |
Mutual Savings Association's gross interest income from loans was $7,719,000.
Mutual Savings Association's net interest income from loans was $6,610,000.
Mutual Savings Association's fee based income from loans was $111,000.
Mutual Savings Association's net income from loans was $2,177,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,109 |
| Provision for credit losses | $0 |
| Total noninterest expense | $5,452 |
| Salaries and employee benefits | $3,417 |
| Premises and equipment expense | $764 |
| Additional noninterest expense | $1,271 |
| Applicable income taxes | $484 |
| Net charge-offs | $200 |
| Cash dividends | $0 |
Mutual Savings Association's interest expense for loans was $1,109,000.
Mutual Savings Association's payroll and benefits expense were $3,417,000.
Mutual Savings Association's property, plant and equipment expenses $764,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 3.0% |
| Real Estate loans | 3.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 5.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 4.0% |
| HELOC loans | 58.0% |
| All other family | 4.0% |
| 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 | $142,400 |
| Deposits held in domestic offices | $142,400 |
| Deposits by Individuals, partnerships, and corporations | $134,972 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $7,427 |
| 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 | $20,942 |
| Demand deposits | $13,218 |
| Nontransaction accounts | $121,457 |
| Money market deposit accounts (MMDAs) | $6,160 |
| Other savings deposits (excluding MMDAs) | $40,235 |
| Total time deposits | $75,061 |
| Total time and savings deposits | $129,181 |
| Noninterest-bearing deposits | $12,400 |
| Interest-bearing deposits | $130,000 |
| Retail deposits | $130,913 |
| IRAs and Keogh plan accounts | $20,724 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $213,907 |
| Cash & Balances due from depository institutions | $16,094 |
| Interest-bearing balances | $15,379 |
| Total securities | $49,864 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $127,209 |
| Loan and leases loss allowance | $1,635 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,017 |
| Other real estate owned | $1,672 |
| Goodwill and other intangibles | $0 |
| All other assets | $18,051 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $213,907 |
| Total Liabilities | $151,055 |
| Total deposits | $142,400 |
| Interest-bearing deposits | $130,000 |
| Deposits held in domestic offices | $142,400 |
| % insured (estimated) | $93 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $5,300 |
| Subordinated debt | $0 |
| All other liabilities | $3,355 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $127,209 |
| Loan and leases loss allowance | $1,635 |
| Total loans and leases (domestic) | $128,844 |
| All real estate loans | $116,712 |
| Real estate loans in domestic offices | $116,712 |
| Construction and development loans | $19,749 |
| Residential 1-4 family construction | $9,466 |
| Other construction, all land development and other land | $10,283 |
| Loans secured by nonfarm nonresidential properties | $14,166 |
| Nonfarm nonresidential secured by owner-occupied properties | $4,166 |
| Commercial real estate & other non-farm, non-residential | $10,000 |
| Multifamily residential real estate | $5,117 |
| 1-4 family residential loans | $76,678 |
| Farmland loans | $1,002 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $9,878 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,635 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $679 |
| Other loans to individuals | $1,956 |
| 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 | $994 |
| Non 1-4 family restructured loans & leases | $674 |
| Total loans and leases (foreign) | $0 |
Mutual Savings Association had $127,209,000 of loans outstanding in 2018. $116,712,000 of loans were in real estate loans. $19,749,000 of loans were in development loans. $5,117,000 of loans were in multifamily mortgage loans. $76,678,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $679,000 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 | 31 | $7,501 | $241,968 |
| Nonfarm, nonresidential loans - <$100k | 6 | $236 | $39,333 |
| Nonfarm, nonresidential loans - $100-250k | 9 | $1,016 | $112,889 |
| Nonfarm, nonresidential loans - $250k-1MM | 16 | $6,249 | $390,563 |
| Commercial & Industrial, US addressed loans - <$1MM | 24 | $642 | $26,750 |
| Commercial & Industrial, US addressed loans - <$100k | 21 | $474 | $22,571 |
| Commercial & Industrial, US addressed loans - $100-250k | 3 | $168 | $56,000 |
| Farmland loans - <$1MM | 12 | $1,002 | $83,500 |
| Farmland loans - <$100k | 4 | $134 | $33,500 |
| Farmland loans - $100-250k | 7 | $612 | $87,429 |
| Farmland loans - $250k-1MM | 1 | $256 | $256,000 |