Kirkwood Bank & Trust Co. Mortgage Rates, Fees & Info
Bismarck, NDLEI: 549300C5STIFBCFMRJ96
Tax ID: 45-0323019
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Bank Data
Review & Overview
Kirkwood Bank & Trust Co. is a smaller bank specializing in Home Purchase, Refi, 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, Minot, Fargo, and Minneapolis among others. We have data for 16 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 a below average pick rate when compared to similar lenders.
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Originations
319Origination Dollar Volume (All Markets)
$77,755,000Employee 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) | 219 | $54,745,000 | $249,977 | $0 | 0.00% |
| Dickinson, ND (FHA|USDA|VA) | 32 | $7,550,000 | $235,938 | $0 | 0.00% |
| Outside of Metro Areas | 32 | $6,260,000 | $195,625 | $0 | 0.00% |
| Minot, ND (FHA|USDA|VA) | 14 | $3,170,000 | $226,429 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 5 | $1,465,000 | $293,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $0 | 0.00% |
| Williston, ND (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
For 2021, Kirkwood Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 270 originations. Their 2nd most popular type was VA, with 27 originations.
Loan Reason
For 2021, Kirkwood Bank & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 131 originations. The 2nd most popular reason was Refi, with 106 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 319 | $77,755,000 | $243,746 | $0 | 0.00% |
For 2021, Kirkwood Bank & Trust Co.'s most frequently cited loan duration was Other, with 319 originations.
Loan Sizing
2021 saw Kirkwood Bank & Trust Co. place emphasis on $200k-400k loans with 156 originations, totaling $42,480,000 in origination value.
Applicant Income
Kirkwood Bank & Trust Co. lent most frequently to those with incomes in the $100k-150k range, with 84 originations. The second most popular income band? $50k-75k, with 67 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 319 | $77,755,000 | $243,746 | $0 | 0.00% |
Kirkwood Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 319 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.18%
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 origination86.52%
Kirkwood Bank & Trust Co. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 319 | $77,755,000 | $243,746 |
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 | $36,014 |
| Kirkwood Bank & Trust Co. | 221 First Avenue West Dickinson, ND 58601 | Full Service B&M | $83,704 |
| Kirkwood Bank & Trust Co. | 2911 N. 14th Street, Suite 101 Bismarck, ND 58503 | Full Service B&M | $92,037 |
| Kirkwood Bank & Trust Co. | 905 Tacoma Avenue Bismarck, ND 58504 | Full Service B&M | $72,029 |
For 2021, Kirkwood Bank & Trust Co. had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $8,849 |
| Net interest income | $7,953 |
| Total noninterest income | $3,659 |
| Gross Fiduciary activities income | $682 |
| Service charges on deposit accounts | $80 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,897 |
| Pre-tax net operating income | $3,758 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,758 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,758 |
| Minority interest net income | $0 |
| Net income | $3,758 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,758 |
Kirkwood Bank & Trust Co.'s gross interest income from loans was $8,849,000.
Kirkwood Bank & Trust Co.'s net interest income from loans was $7,953,000.
Kirkwood Bank & Trust Co.'s fee based income from loans was $80,000.
Kirkwood Bank & Trust Co.'s net income from loans was $3,758,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $896 |
| Provision for credit losses | $0 |
| Total noninterest expense | $7,854 |
| Salaries and employee benefits | $5,262 |
| Premises and equipment expense | $913 |
| Additional noninterest expense | $1,679 |
| Applicable income taxes | $0 |
| Net charge-offs | $12 |
| Cash dividends | $2,215 |
Kirkwood Bank & Trust Co.'s interest expense for loans was $896,000.
Kirkwood Bank & Trust Co.'s payroll and benefits expense were $5,262,000.
Kirkwood Bank & Trust Co.'s property, plant and equipment expenses $913,000.
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 | $284,410 |
| Deposits held in domestic offices | $284,410 |
| Deposits by Individuals, partnerships, and corporations | $262,217 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $22,193 |
| 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 | $125,738 |
| Demand deposits | $86,921 |
| Nontransaction accounts | $158,672 |
| Money market deposit accounts (MMDAs) | $32,200 |
| Other savings deposits (excluding MMDAs) | $86,115 |
| Total time deposits | $40,357 |
| Total time and savings deposits | $197,489 |
| Noninterest-bearing deposits | $87,341 |
| Interest-bearing deposits | $197,069 |
| Retail deposits | $277,565 |
| IRAs and Keogh plan accounts | $1,948 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $321,585 |
| Cash & Balances due from depository institutions | $82,850 |
| Interest-bearing balances | $41,009 |
| Total securities | $39,140 |
| Federal funds sold & reverse repurchase | $3,834 |
| Net loans and leases | $183,909 |
| Loan and leases loss allowance | $2,434 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $7,614 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,238 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $321,585 |
| Total Liabilities | $291,975 |
| Total deposits | $284,410 |
| Interest-bearing deposits | $197,069 |
| Deposits held in domestic offices | $284,410 |
| % insured (estimated) | $68 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $5,000 |
| Subordinated debt | $0 |
| All other liabilities | $2,565 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $183,909 |
| Loan and leases loss allowance | $2,434 |
| Total loans and leases (domestic) | $186,343 |
| All real estate loans | $134,017 |
| Real estate loans in domestic offices | $134,017 |
| Construction and development loans | $21,277 |
| Residential 1-4 family construction | $3,931 |
| Other construction, all land development and other land | $17,346 |
| Loans secured by nonfarm nonresidential properties | $57,308 |
| Nonfarm nonresidential secured by owner-occupied properties | $29,191 |
| Commercial real estate & other non-farm, non-residential | $28,117 |
| Multifamily residential real estate | $8,385 |
| 1-4 family residential loans | $28,682 |
| Farmland loans | $18,365 |
| Loans held in foreign offices | $0 |
| Farm loans | $3,965 |
| Commercial and industrial loans | $36,423 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $11,005 |
| Credit card loans | $0 |
| Related Plans | $17 |
| Consumer Auto Loans | $7,267 |
| Other loans to individuals | $3,721 |
| All other loans & leases | $933 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $24 |
| 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 | $501 |
| Non 1-4 family restructured loans & leases | $3 |
| Total loans and leases (foreign) | $0 |
Kirkwood Bank & Trust Co. had $183,909,000 of loans outstanding in 2021. $134,017,000 of loans were in real estate loans. $21,277,000 of loans were in development loans. $8,385,000 of loans were in multifamily mortgage loans. $28,682,000 of loans were in 1-4 family mortgage loans. $3,965,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,267,000 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 | 98 | $39,927 | $407,418 |
| Nonfarm, nonresidential loans - <$100k | 11 | $341 | $31,000 |
| Nonfarm, nonresidential loans - $100-250k | 35 | $5,458 | $155,943 |
| Nonfarm, nonresidential loans - $250k-1MM | 52 | $34,128 | $656,308 |
| Commercial & Industrial, US addressed loans - <$1MM | 343 | $25,553 | $74,499 |
| Commercial & Industrial, US addressed loans - <$100k | 252 | $5,455 | $21,647 |
| Commercial & Industrial, US addressed loans - $100-250k | 45 | $5,633 | $125,178 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 46 | $14,465 | $314,457 |
| Farmland loans - <$1MM | 40 | $6,619 | $165,475 |
| Farmland loans - <$100k | 9 | $293 | $32,556 |
| Farmland loans - $100-250k | 18 | $2,580 | $143,333 |
| Farmland loans - $250k-1MM | 13 | $3,746 | $288,154 |
| Agriculture operations loans - <$1MM | 25 | $2,851 | $114,040 |
| Agriculture operations loans - <$100k | 16 | $636 | $39,750 |
| Agriculture operations loans - $100-250k | 4 | $525 | $131,250 |
| Agriculture operations loans - $250k-1MM | 5 | $1,690 | $338,000 |