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. 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
99Origination Dollar Volume (All Markets)
$20,075,000Employee count
121Top 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% |
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
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
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
Approval Rates
Total approvals of all applications100.00%
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 originationPoints 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 |