Southwest National Bank Mortgage Rates, Fees & Info

Wichita, KS

LEI: 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. Their top markets by origination volume include: Wichita, Kansas City, and Winfield among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

Southwest National Bank has an above average approval rate when compared to the average across all lenders.

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Originations

99

Origination Dollar Volume (All Markets)

$20,075,000

Employee count

121

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
WICHITA, KS (FHA|USDA|VA) 97 $19,925,000 $205,412 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Winfield, KS (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Southwest National Bank's top markets include Wichita, Kansas City, and Winfield among others.

Their top states include:
  • (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 99 $20,075,000 $202,778 $0 0.00%

    For 2020, Southwest National Bank's most frequently originated type of loan was Conventional, with 99 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 59 $9,875,000 $167,373 $0 0.00%
    Refi 36 $9,460,000 $262,778 $0 0.00%
    Home Improvement 4 $740,000 $185,000 $0 0.00%

    For 2020, Southwest National Bank's most frequently cited loan purpose was Home Purchase, with 59 originations. The 2nd most popular reason was Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 99 $20,075,000 $202,778 $0 0.00%

    For 2020, Southwest National Bank's most frequently cited loan duration was Other, with 99 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $3,535,000 $59,915 $0 0.00%
    $100k-200k 25 $3,195,000 $127,800 $0 0.00%
    $200k-400k 8 $2,040,000 $255,000 $0 0.00%
    $1MM+ 3 $8,865,000 $2,955,000 $0 0.00%
    $400k-600k 2 $910,000 $455,000 $0 0.00%
    $600k-1MM 2 $1,530,000 $765,000 $0 0.00%

    2020 saw Southwest National Bank place emphasis on $100,000 or less loans with 59 originations, totaling $3,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 7 $1,105,000 $157,857 $0 0.00%
    $100k-150k 6 $640,000 $106,667 $0 0.00%
    $250k+ 5 $485,000 $97,000 $0 0.00%
    $50k or less 5 $405,000 $81,000 $0 0.00%
    $150k-250k 2 $360,000 $180,000 $0 0.00%
    $75k-100k 2 $110,000 $55,000 $0 0.00%

    Southwest National Bank lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $100k-150k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 99 $20,075,000 $202,778 $0 0.00%

    Southwest National Bank lent most frequently to those with DTI ratios of Exempt%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 72 $16,970,000 $235,694 $0 0.00%
    White 25 $2,745,000 $109,800 $0 0.00%
    Asian 1 $335,000 $335,000 $0 0.00%
    Asian Indian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 99 $20,075,000 $202,778

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $11,070,000 $1,383,750
    Single Family (1-4 Units):Site-Built 91 $9,005,000 $98,956

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Southwest Business Corporation VA mortgage Struggling to pay mortgage 2 10.5%
    Southwest Business Corporation Conventional home mortgage Trouble during payment process 5 26.3%
    Southwest Business Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 5.3%
    Southwest Business Corporation FHA mortgage Struggling to pay mortgage 1 5.3%
    Southwest Business Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 26.3%
    Southwest Business Corporation Conventional home mortgage Closing on a mortgage 3 15.8%
    Southwest Business Corporation Conventional home mortgage Struggling to pay mortgage 2 10.5%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Southwest National Bank 153 North Emporia Street Wichita, KS 67202 Limited, Drive-thru $16,803
    Southwest National Bank 2150 Woodrow Avenue Wichita, KS 67201 Full Service B&M $235,249
    Southwest National Bank 225 South Towne East Mall Drive Wichita, KS 67207 Limited, Drive-thru $40,808
    Southwest National Bank 2300 North Tyler Road Wichita, KS 67205 Full Service B&M $4
    Southwest National Bank 2700 West 13th Street Wichita, KS 67203 Limited, Drive-thru $36,007
    Southwest National Bank 3101 S. Seneca St. Wichita, KS 67217 Full Service B&M $14,404
    Southwest National Bank 400 East Douglas Avenue Wichita, KS 67202 Full Service B&M $40,328
    Southwest National Bank 8760 West 21th Street North, Suite 100 Wichita, KS 67205 Full Service B&M $33,126
    Southwest National Bank Taft And Tracy Streets Wichita, KS 67209 Full Service B&M $63,373

    For 2020, Southwest National Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,068
    Net interest income $19,833
    Total noninterest income $3,170
    Gross Fiduciary activities income $963
    Service charges on deposit accounts $788
    Trading account gains and fees $0
    Additional Noninterest Income $1,419
    Pre-tax net operating income $7,697
    Securities gains (or losses, -) $132
    Income before extraordinary items $7,501
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,501
    Minority interest net income $0
    Net income $7,501
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,374

    Southwest National Bank's gross interest income from loans was $24,068,000.
    Southwest National Bank's net interest income from loans was $19,833,000.
    Southwest National Bank's fee based income from loans was $788,000.
    Southwest National Bank's net income from loans was $7,501,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,235
    Provision for credit losses $1,475
    Total noninterest expense $13,831
    Salaries and employee benefits $8,071
    Premises and equipment expense $1,016
    Additional noninterest expense $4,744
    Applicable income taxes $328
    Net charge-offs $475
    Cash dividends $4,806

    Southwest National Bank's interest expense for loans was $4,235,000.
    Southwest National Bank's payroll and benefits expense were $8,071,000.
    Southwest National Bank's property, plant and equipment expenses $1,016,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 4.0%
    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 $444,838
    Deposits held in domestic offices $444,838
    Deposits by Individuals, partnerships, and corporations $423,130
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $19,586
    Deposits by Commercial banks and other depository institutions in U.S. $2,122
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $157,478
    Demand deposits $84,592
    Nontransaction accounts $287,360
    Money market deposit accounts (MMDAs) $105,342
    Other savings deposits (excluding MMDAs) $29,843
    Total time deposits $152,175
    Total time and savings deposits $360,246
    Noninterest-bearing deposits $84,590
    Interest-bearing deposits $360,248
    Retail deposits $400,219
    IRAs and Keogh plan accounts $17,771
    Brokered deposits $24,936
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $517,620
    Cash & Balances due from depository institutions $13,901
    Interest-bearing balances $1,212
    Total securities $41,439
    Federal funds sold & reverse repurchase $0
    Net loans and leases $443,116
    Loan and leases loss allowance $4,895
    Trading account assets $0
    Bank premises and fixed assets $2,548
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $16,616

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $517,620
    Total Liabilities $469,458
    Total deposits $444,838
    Interest-bearing deposits $360,248
    Deposits held in domestic offices $444,838
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $23,698
    Subordinated debt $0
    All other liabilities $922

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $443,116
    Loan and leases loss allowance $4,895
    Total loans and leases (domestic) $448,011
    All real estate loans $181,731
    Real estate loans in domestic offices $181,731
    Construction and development loans $3,157
    Residential 1-4 family construction $762
    Other construction, all land development and other land $2,395
    Loans secured by nonfarm nonresidential properties $122,391
    Nonfarm nonresidential secured by owner-occupied properties $31,751
    Commercial real estate & other non-farm, non-residential $90,640
    Multifamily residential real estate $24,640
    1-4 family residential loans $30,166
    Farmland loans $1,377
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $75,588
    To non-U.S. addressees $0
    Loans to individuals $190,609
    Credit card loans $0
    Related Plans $11
    Consumer Auto Loans $185,775
    Other loans to individuals $4,823
    All other loans & leases $83
    Loans to foreign governments and official institutions $0
    Other loans $83
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $15,304
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,413
    Non 1-4 family restructured loans & leases $1,413
    Total loans and leases (foreign) $0

    Southwest National Bank had $443,116,000 of loans outstanding in 2020. $181,731,000 of loans were in real estate loans. $3,157,000 of loans were in development loans. $24,640,000 of loans were in multifamily mortgage loans. $30,166,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $185,775,000 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 139 $31,568 $227,108
    Nonfarm, nonresidential loans - <$100k 20 $823 $41,150
    Nonfarm, nonresidential loans - $100-250k 52 $5,860 $112,692
    Nonfarm, nonresidential loans - $250k-1MM 67 $24,885 $371,418
    Commercial & Industrial, US addressed loans - <$1MM 451 $32,078 $71,126
    Commercial & Industrial, US addressed loans - <$100k 333 $7,477 $22,453
    Commercial & Industrial, US addressed loans - $100-250k 78 $10,680 $136,923
    Commercial & Industrial, US addressed loans - $250k-1MM 40 $13,921 $348,025
    Farmland loans - <$1MM 5 $1,377 $275,400
    Farmland loans - <$100k 1 $55 $55,000
    Farmland loans - $100-250k 1 $138 $138,000
    Farmland loans - $250k-1MM 3 $1,184 $394,667