Mutual Savings Association Mortgage Rates, Fees & Info
Leavenworth, KSLEI: 5493009ROW8QSODANH20
Tax ID: 48-0306560
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Mortgage Data
Bank Data
Review & Overview
Mutual Savings Association is a smaller mortgage company specializing in Home Purchase, Refi, 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 Ottawa 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
169Origination Dollar Volume (All Markets)
$36,715,000Employee count
47Top 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) | 125 | $28,455,000 | $227,640 | $0 | 0.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 24 | $5,150,000 | $214,583 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 14 | $1,830,000 | $130,714 | $0 | 0.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $310,000 | $155,000 | $0 | 0.00% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Atchison, KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 168 | $36,460,000 | $217,024 | $0 | 0.00% |
| USDA | 1 | $255,000 | $255,000 | $0 | 0.00% |
For 2019, Mutual Savings Association's most frequently originated type of loan was Conventional, with 168 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2019, Mutual Savings Association's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 169 | $36,715,000 | $217,249 | $0 | 0.00% |
For 2019, Mutual Savings Association's most frequently cited loan duration was Other, with 169 originations.
Loan Sizing
2019 saw Mutual Savings Association place emphasis on $100k-200k loans with 65 originations, totaling $10,215,000 in origination value.
Applicant Income
Mutual Savings Association lent most frequently to those with incomes in the $100k-150k range, with 59 originations. The second most popular income band? $50k-75k, with 31 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 169 | $36,715,000 | $217,249 | $0 | 0.00% |
Mutual Savings Association lent most frequently to those with DTI ratios of Exempt%, with 169 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.42%
Mutual Savings Association has an average approval rate.
Pick Rate
Approvals leading to origination88.17%
Mutual Savings Association has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 169 | $36,715,000 | $217,249 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Mutual Savings Association | 100 South 4th St Leavenworth, KS 66048 | Full Service B&M | $83,847 |
| Mutual Savings Association | 229 Oak Bonner Springs, KS 66012 | Full Service B&M | $7,122 |
| Mutual Savings Association | 3400 South Fourth Street Leavenworth, KS 66048 | Full Service B&M | $14,228 |
| Mutual Savings Association | 403 East 4th Street Tonganoxie, KS 66086 | Full Service B&M | $16,233 |
| Mutual Savings Association | 515 Delaware Oskaloosa, KS 66066 | Full Service B&M | $18,698 |
| Mutual Savings Association | 801 Main Eudora, KS 66025 | Full Service B&M | $7,916 |
For 2019, Mutual Savings Association had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $9,064 |
| Net interest income | $7,681 |
| Total noninterest income | $2,293 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $109 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,184 |
| Pre-tax net operating income | $4,174 |
| Securities gains (or losses, -) | $-74 |
| Income before extraordinary items | $3,306 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,306 |
| Minority interest net income | $0 |
| Net income | $3,306 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,365 |
Mutual Savings Association's gross interest income from loans was $9,064,000.
Mutual Savings Association's net interest income from loans was $7,681,000.
Mutual Savings Association's fee based income from loans was $109,000.
Mutual Savings Association's net income from loans was $3,306,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,383 |
| Provision for credit losses | $0 |
| Total noninterest expense | $5,800 |
| Salaries and employee benefits | $3,452 |
| Premises and equipment expense | $828 |
| Additional noninterest expense | $1,520 |
| Applicable income taxes | $794 |
| Net charge-offs | $-257 |
| Cash dividends | $0 |
Mutual Savings Association's interest expense for loans was $1,383,000.
Mutual Savings Association's payroll and benefits expense were $3,452,000.
Mutual Savings Association's property, plant and equipment expenses $828,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 2.0% |
| Real Estate loans | 3.0% |
| Construction & Land Development loans | 8.0% |
| Nonfarm, nonresidential loans | 5.0% |
| 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 | $138,017 |
| Deposits held in domestic offices | $138,017 |
| Deposits by Individuals, partnerships, and corporations | $134,552 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $3,464 |
| 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 | $24,269 |
| Demand deposits | $14,232 |
| Nontransaction accounts | $113,747 |
| Money market deposit accounts (MMDAs) | $5,650 |
| Other savings deposits (excluding MMDAs) | $35,776 |
| Total time deposits | $72,321 |
| Total time and savings deposits | $123,784 |
| Noninterest-bearing deposits | $13,478 |
| Interest-bearing deposits | $124,539 |
| Retail deposits | $128,336 |
| IRAs and Keogh plan accounts | $20,194 |
| Brokered deposits | $2,500 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $208,668 |
| Cash & Balances due from depository institutions | $10,737 |
| Interest-bearing balances | $9,714 |
| Total securities | $50,714 |
| Federal funds sold & reverse repurchase | $3,103 |
| Net loans and leases | $124,030 |
| Loan and leases loss allowance | $1,892 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $970 |
| Other real estate owned | $1,032 |
| Goodwill and other intangibles | $0 |
| All other assets | $18,082 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $208,667 |
| Total Liabilities | $141,404 |
| Total deposits | $138,017 |
| Interest-bearing deposits | $124,539 |
| Deposits held in domestic offices | $138,017 |
| % insured (estimated) | $96 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $3,387 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $124,030 |
| Loan and leases loss allowance | $1,892 |
| Total loans and leases (domestic) | $125,922 |
| All real estate loans | $113,131 |
| Real estate loans in domestic offices | $113,131 |
| Construction and development loans | $22,702 |
| Residential 1-4 family construction | $12,300 |
| Other construction, all land development and other land | $10,402 |
| Loans secured by nonfarm nonresidential properties | $9,225 |
| Nonfarm nonresidential secured by owner-occupied properties | $3,007 |
| Commercial real estate & other non-farm, non-residential | $6,218 |
| Multifamily residential real estate | $4,955 |
| 1-4 family residential loans | $75,712 |
| Farmland loans | $537 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $10,506 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,671 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $900 |
| Other loans to individuals | $1,771 |
| 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 | $555 |
| Non 1-4 family restructured loans & leases | $312 |
| Total loans and leases (foreign) | $0 |
Mutual Savings Association had $124,030,000 of loans outstanding in 2019. $113,131,000 of loans were in real estate loans. $22,702,000 of loans were in development loans. $4,955,000 of loans were in multifamily mortgage loans. $75,712,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $900,000 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 | 30 | $6,926 | $230,867 |
| Nonfarm, nonresidential loans - <$100k | 6 | $201 | $33,500 |
| Nonfarm, nonresidential loans - $100-250k | 8 | $835 | $104,375 |
| Nonfarm, nonresidential loans - $250k-1MM | 16 | $5,890 | $368,125 |
| Commercial & Industrial, US addressed loans - <$1MM | 22 | $589 | $26,773 |
| Commercial & Industrial, US addressed loans - <$100k | 19 | $470 | $24,737 |
| Commercial & Industrial, US addressed loans - $100-250k | 3 | $119 | $39,667 |
| Farmland loans - <$1MM | 8 | $537 | $67,125 |
| Farmland loans - <$100k | 2 | $45 | $22,500 |
| Farmland loans - $100-250k | 6 | $492 | $82,000 |