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 two markets are Wichita and Hutchinson .Southwest National Bank has an above average approval rate when compared to the average across all lenders.
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Originations
84Origination Dollar Volume (All Markets)
$28,830,000Employee count
113Top 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) | 82 | $28,510,000 | $347,683 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 84 | $28,830,000 | $343,214 | $0 | 0.00% |
For 2021, Southwest National Bank's most frequently originated type of loan was Conventional, with 84 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 53 | $20,455,000 | $385,943 | $0 | 0.00% |
| Refi | 25 | $7,765,000 | $310,600 | $0 | 0.00% |
| Home Improvement | 6 | $610,000 | $101,667 | $0 | 0.00% |
For 2021, Southwest National Bank's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 84 | $28,830,000 | $343,214 | $0 | 0.00% |
For 2021, Southwest National Bank's most frequently cited loan duration was Other, with 84 originations.
Loan Sizing
2021 saw Southwest National Bank place emphasis on $100,000 or less loans with 34 originations, totaling $2,240,000 in origination value.
Applicant Income
Southwest National Bank lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $250k+, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 84 | $28,830,000 | $343,214 | $0 | 0.00% |
Southwest National Bank lent most frequently to those with DTI ratios of Exempt%, with 84 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.82%
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 | 84 | $28,830,000 | $343,214 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Southwest Business Corporation | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 15.0% |
| Southwest Business Corporation | Conventional home mortgage | Struggling to pay mortgage | 3 | 15.0% |
| Southwest Business Corporation | Conventional home mortgage | Closing on a mortgage | 1 | 5.0% |
| Southwest Business Corporation | VA mortgage | Struggling to pay mortgage | 3 | 15.0% |
| Southwest Business Corporation | FHA mortgage | Trouble during payment process | 3 | 15.0% |
| Southwest Business Corporation | FHA mortgage | Struggling to pay mortgage | 2 | 10.0% |
| Southwest Business Corporation | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 5.0% |
| Southwest Business Corporation | Conventional home mortgage | Trouble during payment process | 4 | 20.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Southwest National Bank | 153 North Emporia Street Wichita, KS 67202 | Limited, Drive-thru | $15,397 |
| Southwest National Bank | 2150 Woodrow Avenue Wichita, KS 67201 | Full Service B&M | $229,089 |
| Southwest National Bank | 225 South Towne East Mall Drive Wichita, KS 67207 | Limited, Drive-thru | $41,058 |
| 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 | $34,526 |
| Southwest National Bank | 3101 S. Seneca St. Wichita, KS 67217 | Full Service B&M | $14,464 |
| Southwest National Bank | 400 East Douglas Avenue Wichita, KS 67202 | Full Service B&M | $38,725 |
| Southwest National Bank | 8760 West 21th Street North, Suite 100 Wichita, KS 67205 | Full Service B&M | $31,726 |
| Southwest National Bank | Taft And Tracy Streets Wichita, KS 67209 | Full Service B&M | $61,588 |
For 2021, Southwest National Bank had 9 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $22,778 |
| Net interest income | $20,306 |
| Total noninterest income | $3,535 |
| Gross Fiduciary activities income | $1,020 |
| Service charges on deposit accounts | $743 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,772 |
| Pre-tax net operating income | $7,219 |
| Securities gains (or losses, -) | $5 |
| Income before extraordinary items | $6,935 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $6,935 |
| Minority interest net income | $0 |
| Net income | $6,935 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $6,930 |
Southwest National Bank's gross interest income from loans was $22,778,000.
Southwest National Bank's net interest income from loans was $20,306,000.
Southwest National Bank's fee based income from loans was $743,000.
Southwest National Bank's net income from loans was $6,935,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,472 |
| Provision for credit losses | $1,322 |
| Total noninterest expense | $15,300 |
| Salaries and employee benefits | $8,378 |
| Premises and equipment expense | $961 |
| Additional noninterest expense | $5,961 |
| Applicable income taxes | $289 |
| Net charge-offs | $1,259 |
| Cash dividends | $5,120 |
Southwest National Bank's interest expense for loans was $2,472,000.
Southwest National Bank's payroll and benefits expense were $8,378,000.
Southwest National Bank's property, plant and equipment expenses $961,000.
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 | $430,261 |
| Deposits held in domestic offices | $430,261 |
| Deposits by Individuals, partnerships, and corporations | $422,868 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $6,182 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,211 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $188,419 |
| Demand deposits | $108,012 |
| Nontransaction accounts | $241,842 |
| Money market deposit accounts (MMDAs) | $112,999 |
| Other savings deposits (excluding MMDAs) | $35,804 |
| Total time deposits | $93,039 |
| Total time and savings deposits | $322,249 |
| Noninterest-bearing deposits | $108,011 |
| Interest-bearing deposits | $322,250 |
| Retail deposits | $418,028 |
| IRAs and Keogh plan accounts | $15,582 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $492,861 |
| Cash & Balances due from depository institutions | $10,272 |
| Interest-bearing balances | $2,209 |
| Total securities | $40,977 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $423,446 |
| Loan and leases loss allowance | $4,958 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,644 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $15,522 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $492,861 |
| Total Liabilities | $444,076 |
| Total deposits | $430,261 |
| Interest-bearing deposits | $322,250 |
| Deposits held in domestic offices | $430,261 |
| % insured (estimated) | $76 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $12,574 |
| Subordinated debt | $0 |
| All other liabilities | $1,241 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $423,446 |
| Loan and leases loss allowance | $4,958 |
| Total loans and leases (domestic) | $428,404 |
| All real estate loans | $211,816 |
| Real estate loans in domestic offices | $211,816 |
| Construction and development loans | $2,848 |
| Residential 1-4 family construction | $2,848 |
| Other construction, all land development and other land | $0 |
| Loans secured by nonfarm nonresidential properties | $146,059 |
| Nonfarm nonresidential secured by owner-occupied properties | $27,082 |
| Commercial real estate & other non-farm, non-residential | $118,977 |
| Multifamily residential real estate | $25,406 |
| 1-4 family residential loans | $36,718 |
| Farmland loans | $785 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $35,184 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $181,263 |
| Credit card loans | $0 |
| Related Plans | $12 |
| Consumer Auto Loans | $177,163 |
| Other loans to individuals | $4,088 |
| All other loans & leases | $141 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $141 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $9,988 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $9,167 |
| Non 1-4 family restructured loans & leases | $9,167 |
| Total loans and leases (foreign) | $0 |
Southwest National Bank had $423,446,000 of loans outstanding in 2021. $211,816,000 of loans were in real estate loans. $2,848,000 of loans were in development loans. $25,406,000 of loans were in multifamily mortgage loans. $36,718,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $177,163,000 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 | 145 | $34,299 | $236,545 |
| Nonfarm, nonresidential loans - <$100k | 23 | $970 | $42,174 |
| Nonfarm, nonresidential loans - $100-250k | 49 | $5,694 | $116,204 |
| Nonfarm, nonresidential loans - $250k-1MM | 73 | $27,635 | $378,562 |
| Commercial & Industrial, US addressed loans - <$1MM | 207 | $17,442 | $84,261 |
| Commercial & Industrial, US addressed loans - <$100k | 144 | $3,443 | $23,910 |
| Commercial & Industrial, US addressed loans - $100-250k | 35 | $4,101 | $117,171 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 28 | $9,898 | $353,500 |
| Farmland loans - <$1MM | 3 | $785 | $261,667 |
| Farmland loans - <$100k | 1 | $52 | $52,000 |
| Farmland loans - $250k-1MM | 2 | $733 | $366,500 |