Kirkwood Bank & Trust Co. Mortgage Rates, Fees & Info

Bismarck, ND

LEI: 549300C5STIFBCFMRJ96

Tax ID: 45-0323019

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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

    Kirkwood Bank & Trust Co. is a smaller bank specializing in Home Purchase and Refi loans. Kirkwood Bank & Trust Co. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Bismarck, Dickinson, Minot, Williston, and Phoenix among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kirkwood Bank & Trust Co. 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

    180

    Origination Dollar Volume (All Markets)

    $36,830,000

    Employee count

    56

    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
    BISMARCK, ND (FHA|USDA|VA) 124 $25,670,000 $207,016 $0 0.00%
    Dickinson, ND (FHA|USDA|VA) 20 $4,040,000 $202,000 $0 0.00%
    Minot, ND (FHA|USDA|VA) 16 $2,880,000 $180,000 $0 0.00%
    Outside of Metro Areas 8 $1,500,000 $187,500 $0 0.00%
    Williston, ND (FHA|USDA|VA) 2 $660,000 $330,000 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $480,000 $240,000 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    OCALA, FL (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    FARGO, ND-MN (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 2 $180,000 $90,000 $0 0.00%
    RAPID CITY, SD (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Alexandria, MN (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Kirkwood Bank & Trust Co.'s top markets include Bismarck, Dickinson, Minot, Williston, and Phoenix among others.

    Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 143 $28,135,000 $196,748 $0 0.00%
    FHA 18 $3,260,000 $181,111 $0 0.00%
    VA 17 $5,045,000 $296,765 $0 0.00%
    USDA 2 $390,000 $195,000 $0 0.00%

    For 2019, Kirkwood Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 143 originations. Their 2nd most popular type was FHA, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 108 $23,030,000 $213,241 $0 0.00%
    Refi 44 $7,410,000 $168,409 $0 0.00%
    Cash Out Refi 21 $6,005,000 $285,952 $0 0.00%
    Other 6 $360,000 $60,000 $0 0.00%
    Home Improvement 1 $25,000 $25,000 $0 0.00%

    For 2019, Kirkwood Bank & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 108 originations. The 2nd most popular reason was Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 180 $36,830,000 $204,611 $0 0.00%

    For 2019, Kirkwood Bank & Trust Co.'s most frequently cited loan duration was Other, with 180 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 69 $19,065,000 $276,304 $0 0.00%
    $100k-200k 68 $10,880,000 $160,000 $0 0.00%
    $100,000 or less 32 $1,820,000 $56,875 $0 0.00%
    $400k-600k 11 $5,065,000 $460,455 $0 0.00%

    2019 saw Kirkwood Bank & Trust Co. place emphasis on $200k-400k loans with 69 originations, totaling $19,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 44 $7,670,000 $174,318 $0 0.00%
    $100k-150k 30 $7,130,000 $237,667 $0 0.00%
    $75k-100k 30 $5,970,000 $199,000 $0 0.00%
    $150k-250k 20 $5,590,000 $279,500 $0 0.00%
    $50k or less 20 $2,080,000 $104,000 $0 0.00%
    $250k+ 12 $2,730,000 $227,500 $0 0.00%

    Kirkwood Bank & Trust Co. lent most frequently to those with incomes in the $50k-75k range, with 44 originations. The second most popular income band? $100k-150k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 180 $36,830,000 $204,611 $0 0.00%

    Kirkwood Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 180 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 157 $32,295,000 $205,701 $0 0.00%
    Not applicable 13 $2,565,000 $197,308 $0 0.00%
    Not provided 8 $1,620,000 $202,500 $0 0.00%
    Black 2 $350,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.48%

    Kirkwood Bank & Trust Co. 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
    93.33%

    Kirkwood Bank & Trust Co. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 180 $36,830,000 $204,611

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 9 $925,000 $102,778
    Single Family (1-4 Units):Site-Built 171 $35,905,000 $209,971

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Kirkwood Bank & Trust Co. 122 East Main Street, Suite 101 Bismarck, ND 58501 Full Service B&M $25,915
    Kirkwood Bank & Trust Co. 221 First Avenue West Dickinson, ND 58601 Full Service B&M $71,566
    Kirkwood Bank & Trust Co. 2911 N. 14th Street, Suite 101 Bismarck, ND 58503 Full Service B&M $66,228
    Kirkwood Bank & Trust Co. 905 Tacoma Avenue Bismarck, ND 58504 Full Service B&M $51,830

    For 2019, Kirkwood Bank & Trust Co. had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,181
    Net interest income $7,978
    Total noninterest income $2,136
    Gross Fiduciary activities income $599
    Service charges on deposit accounts $107
    Trading account gains and fees $0
    Additional Noninterest Income $1,430
    Pre-tax net operating income $3,170
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,487
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,487
    Minority interest net income $0
    Net income $2,487
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,487

    Kirkwood Bank & Trust Co.'s gross interest income from loans was $9,181,000.
    Kirkwood Bank & Trust Co.'s net interest income from loans was $7,978,000.
    Kirkwood Bank & Trust Co.'s fee based income from loans was $107,000.
    Kirkwood Bank & Trust Co.'s net income from loans was $2,487,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,203
    Provision for credit losses $0
    Total noninterest expense $6,944
    Salaries and employee benefits $4,620
    Premises and equipment expense $816
    Additional noninterest expense $1,508
    Applicable income taxes $683
    Net charge-offs $123
    Cash dividends $660

    Kirkwood Bank & Trust Co.'s interest expense for loans was $1,203,000.
    Kirkwood Bank & Trust Co.'s payroll and benefits expense were $4,620,000.
    Kirkwood Bank & Trust Co.'s property, plant and equipment expenses $816,000.

    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 $219,159
    Deposits held in domestic offices $219,159
    Deposits by Individuals, partnerships, and corporations $197,868
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $21,291
    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 $85,664
    Demand deposits $56,814
    Nontransaction accounts $133,495
    Money market deposit accounts (MMDAs) $15,063
    Other savings deposits (excluding MMDAs) $75,472
    Total time deposits $42,960
    Total time and savings deposits $162,345
    Noninterest-bearing deposits $57,423
    Interest-bearing deposits $161,736
    Retail deposits $212,040
    IRAs and Keogh plan accounts $1,767
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $246,223
    Cash & Balances due from depository institutions $22,739
    Interest-bearing balances $14,489
    Total securities $32,007
    Federal funds sold & reverse repurchase $10,795
    Net loans and leases $167,811
    Loan and leases loss allowance $2,446
    Trading account assets $0
    Bank premises and fixed assets $8,324
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $4,547

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $246,223
    Total Liabilities $221,452
    Total deposits $219,159
    Interest-bearing deposits $161,736
    Deposits held in domestic offices $219,159
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,293

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $167,811
    Loan and leases loss allowance $2,446
    Total loans and leases (domestic) $170,257
    All real estate loans $124,983
    Real estate loans in domestic offices $124,983
    Construction and development loans $19,428
    Residential 1-4 family construction $4,155
    Other construction, all land development and other land $15,273
    Loans secured by nonfarm nonresidential properties $51,510
    Nonfarm nonresidential secured by owner-occupied properties $32,394
    Commercial real estate & other non-farm, non-residential $19,116
    Multifamily residential real estate $6,934
    1-4 family residential loans $29,312
    Farmland loans $17,799
    Loans held in foreign offices $0
    Farm loans $6,200
    Commercial and industrial loans $28,437
    To non-U.S. addressees $0
    Loans to individuals $9,299
    Credit card loans $0
    Related Plans $148
    Consumer Auto Loans $5,808
    Other loans to individuals $3,343
    All other loans & leases $1,338
    Loans to foreign governments and official institutions $0
    Other loans $256
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $500
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $233
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Kirkwood Bank & Trust Co. had $167,811,000 of loans outstanding in 2019. $124,983,000 of loans were in real estate loans. $19,428,000 of loans were in development loans. $6,934,000 of loans were in multifamily mortgage loans. $29,312,000 of loans were in 1-4 family mortgage loans. $6,200,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,808,000 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 111 $30,176 $271,856
    Nonfarm, nonresidential loans - <$100k 22 $1,970 $89,545
    Nonfarm, nonresidential loans - $100-250k 41 $5,790 $141,220
    Nonfarm, nonresidential loans - $250k-1MM 48 $22,416 $467,000
    Commercial & Industrial, US addressed loans - <$1MM 370 $24,870 $67,216
    Commercial & Industrial, US addressed loans - <$100k 298 $6,397 $21,466
    Commercial & Industrial, US addressed loans - $100-250k 35 $3,742 $106,914
    Commercial & Industrial, US addressed loans - $250k-1MM 37 $14,731 $398,135
    Farmland loans - <$1MM 32 $5,665 $177,031
    Farmland loans - <$100k 8 $284 $35,500
    Farmland loans - $100-250k 14 $2,201 $157,214
    Farmland loans - $250k-1MM 10 $3,180 $318,000
    Agriculture operations loans - <$1MM 33 $5,503 $166,758
    Agriculture operations loans - <$100k 22 $1,064 $48,364
    Agriculture operations loans - $100-250k 2 $382 $191,000
    Agriculture operations loans - $250k-1MM 9 $4,057 $450,778