Southwest National Bank Mortgage Rates, Fees & Info
Wichita, KSLEI: 549300FJI86JAMJGHR47
Tax ID: 48-0428300
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Mortgage Data
Bank Data
Review & Overview
Southwest National Bank is a smaller bank specializing in Home Purchase and Refi loans. Southwest National Bank 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.) Their top (well, only) market is Wichita.Southwest National Bank 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
75Origination Dollar Volume (All Markets)
$14,235,000Employee count
120Top 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 |
|---|---|---|---|---|---|
| WICHITA, KS (FHA|USDA|VA) | 74 | $14,200,000 | $191,892 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 74 | $14,120,000 | $190,811 | $0 | 0.00% |
| FHA | 1 | $115,000 | $115,000 | $0 | 0.00% |
For 2019, Southwest National Bank's most frequently originated type of loan was Conventional, with 74 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 45 | $9,865,000 | $219,222 | $0 | 0.00% |
| Home Improvement | 16 | $1,410,000 | $88,125 | $0 | 0.00% |
| Refi | 14 | $2,960,000 | $211,429 | $0 | 0.00% |
For 2019, Southwest National Bank's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Home Improvement, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 75 | $14,235,000 | $189,800 | $0 | 0.00% |
For 2019, Southwest National Bank's most frequently cited loan duration was Other, with 75 originations.
Loan Sizing
2019 saw Southwest National Bank place emphasis on $100,000 or less loans with 47 originations, totaling $2,485,000 in origination value.
Applicant Income
Southwest National Bank lent most frequently to those with incomes in the $50k-75k range, with 3 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 75 | $14,235,000 | $189,800 | $0 | 0.00% |
Southwest National Bank lent most frequently to those with DTI ratios of Exempt%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.80%
Southwest National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.67%
Southwest National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 75 | $14,235,000 | $189,800 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Southwest Business Corporation | VA mortgage | Struggling to pay mortgage | 3 | 37.5% |
| Southwest Business Corporation | Conventional home mortgage | Trouble during payment process | 1 | 12.5% |
| Southwest Business Corporation | VA mortgage | Trouble during payment process | 1 | 12.5% |
| Southwest Business Corporation | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |
| Southwest Business Corporation | VA mortgage | Closing on a mortgage | 1 | 12.5% |
| Southwest Business Corporation | Conventional home mortgage | Struggling to pay mortgage | 1 | 12.5% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Southwest National Bank | 153 North Emporia Street Wichita, KS 67202 | Limited, Drive-thru | $14,533 |
| Southwest National Bank | 2150 Woodrow Avenue Wichita, KS 67201 | Full Service B&M | $186,970 |
| Southwest National Bank | 225 South Towne East Mall Drive Wichita, KS 67207 | Limited, Drive-thru | $34,173 |
| Southwest National Bank | 2300 North Tyler Road Wichita, KS 67205 | Full Service B&M | $5 |
| Southwest National Bank | 2700 West 13th Street Wichita, KS 67203 | Limited, Drive-thru | $30,241 |
| Southwest National Bank | 3101 S. Seneca St. Wichita, KS 67217 | Full Service B&M | $12,570 |
| Southwest National Bank | 400 East Douglas Avenue Wichita, KS 67202 | Full Service B&M | $33,780 |
| Southwest National Bank | 8760 West 21th Street North, Suite 100 Wichita, KS 67205 | Full Service B&M | $27,888 |
| Southwest National Bank | Taft And Tracy Streets Wichita, KS 67209 | Full Service B&M | $52,634 |
For 2019, Southwest National Bank had 9 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $21,525 |
| Net interest income | $15,978 |
| Total noninterest income | $3,693 |
| Gross Fiduciary activities income | $929 |
| Service charges on deposit accounts | $1,270 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,494 |
| Pre-tax net operating income | $5,605 |
| Securities gains (or losses, -) | $13 |
| Income before extraordinary items | $5,384 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $5,384 |
| Minority interest net income | $0 |
| Net income | $5,384 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $5,371 |
Southwest National Bank's gross interest income from loans was $21,525,000.
Southwest National Bank's net interest income from loans was $15,978,000.
Southwest National Bank's fee based income from loans was $1,270,000.
Southwest National Bank's net income from loans was $5,384,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $5,547 |
| Provision for credit losses | $889 |
| Total noninterest expense | $13,177 |
| Salaries and employee benefits | $7,610 |
| Premises and equipment expense | $954 |
| Additional noninterest expense | $4,613 |
| Applicable income taxes | $234 |
| Net charge-offs | $818 |
| Cash dividends | $4,941 |
Southwest National Bank's interest expense for loans was $5,547,000.
Southwest National Bank's payroll and benefits expense were $7,610,000.
Southwest National Bank's property, plant and equipment expenses $954,000.
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 | $410,779 |
| Deposits held in domestic offices | $410,779 |
| Deposits by Individuals, partnerships, and corporations | $406,132 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $4,491 |
| Deposits by Commercial banks and other depository institutions in U.S. | $156 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $147,095 |
| Demand deposits | $63,911 |
| Nontransaction accounts | $263,684 |
| Money market deposit accounts (MMDAs) | $102,645 |
| Other savings deposits (excluding MMDAs) | $25,266 |
| Total time deposits | $135,773 |
| Total time and savings deposits | $346,868 |
| Noninterest-bearing deposits | $63,912 |
| Interest-bearing deposits | $346,867 |
| Retail deposits | $340,123 |
| IRAs and Keogh plan accounts | $17,130 |
| Brokered deposits | $53,722 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $461,701 |
| Cash & Balances due from depository institutions | $18,547 |
| Interest-bearing balances | $6,594 |
| Total securities | $39,455 |
| Federal funds sold & reverse repurchase | $7,000 |
| Net loans and leases | $379,505 |
| Loan and leases loss allowance | $3,895 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,678 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $14,516 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $461,701 |
| Total Liabilities | $417,667 |
| Total deposits | $410,779 |
| Interest-bearing deposits | $346,867 |
| Deposits held in domestic offices | $410,779 |
| % insured (estimated) | $77 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $6,033 |
| Subordinated debt | $0 |
| All other liabilities | $855 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $379,505 |
| Loan and leases loss allowance | $3,895 |
| Total loans and leases (domestic) | $383,400 |
| All real estate loans | $165,597 |
| Real estate loans in domestic offices | $165,597 |
| Construction and development loans | $3,517 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $3,517 |
| Loans secured by nonfarm nonresidential properties | $110,265 |
| Nonfarm nonresidential secured by owner-occupied properties | $31,445 |
| Commercial real estate & other non-farm, non-residential | $78,820 |
| Multifamily residential real estate | $21,532 |
| 1-4 family residential loans | $28,920 |
| Farmland loans | $1,363 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $42,532 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $174,281 |
| Credit card loans | $0 |
| Related Plans | $11 |
| Consumer Auto Loans | $168,396 |
| Other loans to individuals | $5,874 |
| All other loans & leases | $990 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $990 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $11,508 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,494 |
| Non 1-4 family restructured loans & leases | $1,494 |
| Total loans and leases (foreign) | $0 |
Southwest National Bank had $379,505,000 of loans outstanding in 2019. $165,597,000 of loans were in real estate loans. $3,517,000 of loans were in development loans. $21,532,000 of loans were in multifamily mortgage loans. $28,920,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $168,396,000 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 | 146 | $29,477 | $201,897 |
| Nonfarm, nonresidential loans - <$100k | 28 | $1,144 | $40,857 |
| Nonfarm, nonresidential loans - $100-250k | 57 | $6,119 | $107,351 |
| Nonfarm, nonresidential loans - $250k-1MM | 61 | $22,214 | $364,164 |
| Commercial & Industrial, US addressed loans - <$1MM | 243 | $19,930 | $82,016 |
| Commercial & Industrial, US addressed loans - <$100k | 160 | $4,010 | $25,063 |
| Commercial & Industrial, US addressed loans - $100-250k | 46 | $5,227 | $113,630 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 37 | $10,693 | $289,000 |
| Farmland loans - <$1MM | 5 | $1,363 | $272,600 |
| Farmland loans - <$100k | 1 | $26 | $26,000 |
| Farmland loans - $100-250k | 1 | $138 | $138,000 |
| Farmland loans - $250k-1MM | 3 | $1,199 | $399,667 |