Labette Bank Mortgage Rates, Fees & Info

Altamont, KS

LEI: 549300AR1PZJHZ7BYH72

Tax ID: 48-0301840

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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

    Labette Bank is a smaller bank specializing in Home Purchase and Refi loans. Labette Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburg, Parsons, Kansas City, Tulsa, and Topeka among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Labette Bank has an 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

    164

    Origination Dollar Volume (All Markets)

    $19,600,000

    Employee count

    101

    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
    Pittsburg, KS (FHA|USDA|VA) 41 $6,935,000 $169,146 $0 0.00%
    Outside of Metro Areas 40 $4,530,000 $113,250 $0 0.00%
    Parsons, KS (FHA|USDA|VA) 52 $3,650,000 $70,192 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 19 $2,345,000 $123,421 $0 0.00%
    TULSA, OK (FHA|USDA|VA) 4 $930,000 $232,500 $0 0.00%
    TOPEKA, KS (FHA|USDA|VA) 4 $670,000 $167,500 $0 0.00%
    JOPLIN, MO (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Coffeyville, KS (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Labette Bank's top markets include Pittsburg, Parsons, Kansas City, Tulsa, and Topeka among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 164 $19,600,000 $119,512 $0 0.00%

    For 2021, Labette Bank's most frequently originated type of loan was Conventional, with 164 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 80 $8,970,000 $112,125 $0 0.00%
    Refi 73 $9,895,000 $135,548 $0 0.00%
    Home Improvement 9 $575,000 $63,889 $0 0.00%
    Other 1 $35,000 $35,000 $0 0.00%
    Cash Out Refi 1 $125,000 $125,000 $0 0.00%

    For 2021, Labette Bank's most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Refi, with 73 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 164 $19,600,000 $119,512 $0 0.00%

    For 2021, Labette Bank's most frequently cited loan duration was Other, with 164 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 94 $5,110,000 $54,362 $0 0.00%
    $100k-200k 42 $5,840,000 $139,048 $0 0.00%
    $200k-400k 24 $6,120,000 $255,000 $0 0.00%
    $400k-600k 2 $810,000 $405,000 $0 0.00%
    $600k-1MM 2 $1,720,000 $860,000 $0 0.00%

    2021 saw Labette Bank place emphasis on $100,000 or less loans with 94 originations, totaling $5,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 36 $3,050,000 $84,722 $0 0.00%
    $50k-75k 35 $3,375,000 $96,429 $0 0.00%
    $100k-150k 30 $3,900,000 $130,000 $0 0.00%
    $75k-100k 20 $1,690,000 $84,500 $0 0.00%
    $150k-250k 8 $1,770,000 $221,250 $0 0.00%
    $250k+ 4 $1,360,000 $340,000 $0 0.00%

    Labette Bank lent most frequently to those with incomes in the $50k or less range, with 36 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 164 $19,600,000 $119,512 $0 0.00%

    Labette Bank lent most frequently to those with DTI ratios of Exempt%, with 164 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 130 $13,870,000 $106,692 $0 0.00%
    Not applicable 28 $4,320,000 $154,286 $0 0.00%
    Asian 2 $980,000 $490,000 $0 0.00%
    American Indian 4 $430,000 $107,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.40%

    Labette Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.71%

    Labette Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 164 $19,600,000 $119,512

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    164 $19,600,000 $119,512

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Labette Bank 501 Market Lacygne, KS 66040 Full Service B&M $44,389
    Labette Bank 801 South Broadway Street Pittsburg, KS 66762 Full Service B&M $43,876
    Labette Bank 101 East Maple Street Columbus, KS 66725 Full Service B&M $38,479
    Labette Bank 2121 Main Street Parsons, KS 67357 Full Service B&M $74,892
    Labette Bank 242 East Mckay Frontenac, KS 66763 Full Service B&M $49,199
    Labette Bank 2805 North Broadway Pittsburg, KS 66762 Full Service B&M $0
    Labette Bank 3129 Main Street Parsons, KS 67357 Full Service B&M $0
    Labette Bank 424 Commercial Street Oswego, KS 67356 Full Service B&M $39,625
    Labette Bank 911 Main Street Pleasanton, KS 66075 Full Service B&M $38,766
    Labette Bank Fourth And Huston Altamont, KS 67330 Full Service B&M $63,572
    Labette Bank K-7 And Us-160 Highways Cherokee, KS 66724 Full Service B&M $30,216

    For 2021, Labette Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,043
    Net interest income $14,174
    Total noninterest income $3,237
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $564
    Trading account gains and fees $0
    Additional Noninterest Income $2,673
    Pre-tax net operating income $4,558
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,747
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,747
    Minority interest net income $0
    Net income $3,747
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,747

    Labette Bank's gross interest income from loans was $16,043,000.
    Labette Bank's net interest income from loans was $14,174,000.
    Labette Bank's fee based income from loans was $564,000.
    Labette Bank's net income from loans was $3,747,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,869
    Provision for credit losses $270
    Total noninterest expense $12,583
    Salaries and employee benefits $7,131
    Premises and equipment expense $1,391
    Additional noninterest expense $4,061
    Applicable income taxes $811
    Net charge-offs $50
    Cash dividends $0

    Labette Bank's interest expense for loans was $1,869,000.
    Labette Bank's payroll and benefits expense were $7,131,000.
    Labette Bank's property, plant and equipment expenses $1,391,000.

    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 $437,713
    Deposits held in domestic offices $437,713
    Deposits by Individuals, partnerships, and corporations $344,362
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $92,855
    Deposits by Commercial banks and other depository institutions in U.S. $497
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $195,800
    Demand deposits $111,115
    Nontransaction accounts $241,914
    Money market deposit accounts (MMDAs) $61,791
    Other savings deposits (excluding MMDAs) $82,585
    Total time deposits $97,536
    Total time and savings deposits $326,599
    Noninterest-bearing deposits $111,568
    Interest-bearing deposits $326,145
    Retail deposits $418,253
    IRAs and Keogh plan accounts $21,107
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $512,464
    Cash & Balances due from depository institutions $31,282
    Interest-bearing balances $26,606
    Total securities $180,282
    Federal funds sold & reverse repurchase $0
    Net loans and leases $279,514
    Loan and leases loss allowance $3,421
    Trading account assets $0
    Bank premises and fixed assets $6,033
    Other real estate owned $131
    Goodwill and other intangibles $1,179
    All other assets $14,043

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $512,464
    Total Liabilities $462,833
    Total deposits $437,713
    Interest-bearing deposits $326,145
    Deposits held in domestic offices $437,713
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $21,200
    Subordinated debt $0
    All other liabilities $3,920

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $279,514
    Loan and leases loss allowance $3,421
    Total loans and leases (domestic) $282,935
    All real estate loans $243,905
    Real estate loans in domestic offices $243,905
    Construction and development loans $6,563
    Residential 1-4 family construction $5,345
    Other construction, all land development and other land $1,218
    Loans secured by nonfarm nonresidential properties $65,011
    Nonfarm nonresidential secured by owner-occupied properties $28,942
    Commercial real estate & other non-farm, non-residential $36,069
    Multifamily residential real estate $879
    1-4 family residential loans $93,559
    Farmland loans $77,893
    Loans held in foreign offices $0
    Farm loans $11,020
    Commercial and industrial loans $13,190
    To non-U.S. addressees $0
    Loans to individuals $9,554
    Credit card loans $933
    Related Plans $0
    Consumer Auto Loans $3,916
    Other loans to individuals $4,705
    All other loans & leases $5,267
    Loans to foreign governments and official institutions $0
    Other loans $52
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $86
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $450
    Non 1-4 family restructured loans & leases $252
    Total loans and leases (foreign) $0

    Labette Bank had $279,514,000 of loans outstanding in 2021. $243,905,000 of loans were in real estate loans. $6,563,000 of loans were in development loans. $879,000 of loans were in multifamily mortgage loans. $93,559,000 of loans were in 1-4 family mortgage loans. $11,020,000 of loans were in farm loans. $933,000 of loans were in credit card loans. $3,916,000 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 173 $31,714 $183,318
    Nonfarm, nonresidential loans - <$100k 84 $5,704 $67,905
    Nonfarm, nonresidential loans - $100-250k 50 $6,173 $123,460
    Nonfarm, nonresidential loans - $250k-1MM 39 $19,837 $508,641
    Commercial & Industrial, US addressed loans - <$1MM 237 $9,467 $39,945
    Commercial & Industrial, US addressed loans - <$100k 215 $6,444 $29,972
    Commercial & Industrial, US addressed loans - $100-250k 19 $2,073 $109,105
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $950 $316,667
    Farmland loans - <$1MM 364 $42,081 $115,607
    Farmland loans - <$100k 185 $9,481 $51,249
    Farmland loans - $100-250k 122 $15,784 $129,377
    Farmland loans - $250k-1MM 57 $16,816 $295,018
    Agriculture operations loans - <$1MM 346 $10,435 $30,159
    Agriculture operations loans - <$100k 317 $5,319 $16,779
    Agriculture operations loans - $100-250k 22 $2,927 $133,045
    Agriculture operations loans - $250k-1MM 7 $2,189 $312,714