Kirkwood Bank & Trust Co. Mortgage Rates, Fees & Info
Bismarck, NDLEI: 549300C5STIFBCFMRJ96
Tax ID: 45-0323019
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Mortgage Data
Bank Data
Review & Overview
Kirkwood Bank & Trust Co. is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Kirkwood Bank & Trust Co. 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Bismarck, Dickinson, Phoenix, Minot, and Fargo among others. We have data for 18 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
386Origination Dollar Volume (All Markets)
$95,040,000Employee count
56Top 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) | 282 | $69,620,000 | $246,879 | $0 | 0.00% |
| Dickinson, ND (FHA|USDA|VA) | 29 | $7,895,000 | $272,241 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 11 | $3,995,000 | $363,182 | $0 | 0.00% |
| Minot, ND (FHA|USDA|VA) | 18 | $3,990,000 | $221,667 | $0 | 0.00% |
| Outside of Metro Areas | 22 | $3,750,000 | $170,455 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Juneau, AK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
For 2020, Kirkwood Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 313 originations. Their 2nd most popular type was VA, with 51 originations.
Loan Reason
For 2020, Kirkwood Bank & Trust Co.'s most frequently cited loan purpose was Refi, with 190 originations. The 2nd most popular reason was Home Purchase, with 108 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 386 | $95,040,000 | $246,218 | $0 | 0.00% |
For 2020, Kirkwood Bank & Trust Co.'s most frequently cited loan duration was Other, with 386 originations.
Loan Sizing
2020 saw Kirkwood Bank & Trust Co. place emphasis on $200k-400k loans with 202 originations, totaling $54,580,000 in origination value.
Applicant Income
Kirkwood Bank & Trust Co. lent most frequently to those with incomes in the $100k-150k range, with 88 originations. The second most popular income band? $75k-100k, with 65 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 386 | $95,040,000 | $246,218 | $0 | 0.00% |
Kirkwood Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 386 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.66%
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 origination91.71%
Kirkwood Bank & Trust Co. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 386 | $95,040,000 | $246,218 |
Occupancy Type Mix
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 | $30,736 |
| Kirkwood Bank & Trust Co. | 221 First Avenue West Dickinson, ND 58601 | Full Service B&M | $75,589 |
| Kirkwood Bank & Trust Co. | 2911 N. 14th Street, Suite 101 Bismarck, ND 58503 | Full Service B&M | $78,550 |
| Kirkwood Bank & Trust Co. | 905 Tacoma Avenue Bismarck, ND 58504 | Full Service B&M | $61,474 |
For 2020, Kirkwood Bank & Trust Co. had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $9,421 |
| Net interest income | $8,124 |
| Total noninterest income | $3,551 |
| Gross Fiduciary activities income | $586 |
| Service charges on deposit accounts | $93 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,872 |
| Pre-tax net operating income | $3,971 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,297 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,297 |
| Minority interest net income | $0 |
| Net income | $3,297 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,297 |
Kirkwood Bank & Trust Co.'s gross interest income from loans was $9,421,000.
Kirkwood Bank & Trust Co.'s net interest income from loans was $8,124,000.
Kirkwood Bank & Trust Co.'s fee based income from loans was $93,000.
Kirkwood Bank & Trust Co.'s net income from loans was $3,297,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,297 |
| Provision for credit losses | $0 |
| Total noninterest expense | $7,704 |
| Salaries and employee benefits | $5,242 |
| Premises and equipment expense | $975 |
| Additional noninterest expense | $1,487 |
| Applicable income taxes | $674 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
Kirkwood Bank & Trust Co.'s interest expense for loans was $1,297,000.
Kirkwood Bank & Trust Co.'s payroll and benefits expense were $5,242,000.
Kirkwood Bank & Trust Co.'s property, plant and equipment expenses $975,000.
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 | $270,099 |
| Deposits held in domestic offices | $270,099 |
| Deposits by Individuals, partnerships, and corporations | $245,263 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $24,836 |
| 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 | $111,531 |
| Demand deposits | $77,940 |
| Nontransaction accounts | $158,568 |
| Money market deposit accounts (MMDAs) | $27,559 |
| Other savings deposits (excluding MMDAs) | $86,663 |
| Total time deposits | $44,346 |
| Total time and savings deposits | $192,159 |
| Noninterest-bearing deposits | $79,423 |
| Interest-bearing deposits | $190,676 |
| Retail deposits | $262,939 |
| IRAs and Keogh plan accounts | $1,967 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $306,113 |
| Cash & Balances due from depository institutions | $72,750 |
| Interest-bearing balances | $34,754 |
| Total securities | $37,085 |
| Federal funds sold & reverse repurchase | $4,831 |
| Net loans and leases | $179,406 |
| Loan and leases loss allowance | $2,446 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $7,920 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,121 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $306,113 |
| Total Liabilities | $277,584 |
| Total deposits | $270,099 |
| Interest-bearing deposits | $190,676 |
| Deposits held in domestic offices | $270,099 |
| % insured (estimated) | $67 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $5,000 |
| Subordinated debt | $0 |
| All other liabilities | $2,485 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $179,406 |
| Loan and leases loss allowance | $2,446 |
| Total loans and leases (domestic) | $181,852 |
| All real estate loans | $130,953 |
| Real estate loans in domestic offices | $130,953 |
| Construction and development loans | $21,167 |
| Residential 1-4 family construction | $3,348 |
| Other construction, all land development and other land | $17,819 |
| Loans secured by nonfarm nonresidential properties | $51,687 |
| Nonfarm nonresidential secured by owner-occupied properties | $31,349 |
| Commercial real estate & other non-farm, non-residential | $20,338 |
| Multifamily residential real estate | $6,437 |
| 1-4 family residential loans | $32,024 |
| Farmland loans | $19,638 |
| Loans held in foreign offices | $0 |
| Farm loans | $6,692 |
| Commercial and industrial loans | $33,773 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $9,499 |
| Credit card loans | $0 |
| Related Plans | $25 |
| Consumer Auto Loans | $5,997 |
| Other loans to individuals | $3,477 |
| All other loans & leases | $1,024 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $34 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $1,126 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $525 |
| Non 1-4 family restructured loans & leases | $7 |
| Total loans and leases (foreign) | $0 |
Kirkwood Bank & Trust Co. had $179,406,000 of loans outstanding in 2020. $130,953,000 of loans were in real estate loans. $21,167,000 of loans were in development loans. $6,437,000 of loans were in multifamily mortgage loans. $32,024,000 of loans were in 1-4 family mortgage loans. $6,692,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,997,000 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 | 84 | $18,656 | $222,095 |
| Nonfarm, nonresidential loans - <$100k | 20 | $668 | $33,400 |
| Nonfarm, nonresidential loans - $100-250k | 32 | $4,489 | $140,281 |
| Nonfarm, nonresidential loans - $250k-1MM | 32 | $13,499 | $421,844 |
| Commercial & Industrial, US addressed loans - <$1MM | 451 | $26,801 | $59,426 |
| Commercial & Industrial, US addressed loans - <$100k | 359 | $7,666 | $21,354 |
| Commercial & Industrial, US addressed loans - $100-250k | 49 | $5,011 | $102,265 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 43 | $14,124 | $328,465 |
| Farmland loans - <$1MM | 34 | $6,610 | $194,412 |
| Farmland loans - <$100k | 6 | $259 | $43,167 |
| Farmland loans - $100-250k | 15 | $2,392 | $159,467 |
| Farmland loans - $250k-1MM | 13 | $3,959 | $304,538 |
| Agriculture operations loans - <$1MM | 24 | $2,602 | $108,417 |
| Agriculture operations loans - <$100k | 18 | $715 | $39,722 |
| Agriculture operations loans - $100-250k | 1 | $204 | $204,000 |
| Agriculture operations loans - $250k-1MM | 5 | $1,683 | $336,600 |