The Bennington State Bank Mortgage Rates, Fees & Info

Salina, KS

LEI: 549300G5DUB6RE1MCL12

Tax ID: 48-0137740

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Mortgage Data

Review & Overview

The Bennington State Bank is a smaller bank specializing in Home Purchase and Refi loans. The Bennington State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Salina, Wichita, Manhattan, Kansas City, and Coffeyville among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Bennington State Bank 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

348

Origination Dollar Volume (All Markets)

$77,860,000

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
Salina, KS (FHA|USDA|VA) 128 $26,240,000 $205,000 $0 0.00%
WICHITA, KS (FHA|USDA|VA) 86 $23,190,000 $269,651 $0 0.00%
Outside of Metro Areas 74 $8,520,000 $115,135 $0 0.00%
MANHATTAN, KS (FHA|USDA|VA) 25 $4,575,000 $183,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 10 $3,930,000 $393,000 $0 0.00%
Coffeyville, KS (FHA|USDA|VA) 1 $3,865,000 $3,865,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,730,000 $865,000 $0 0.00%
McPherson, KS (FHA|USDA|VA) 6 $1,620,000 $270,000 $0 0.00%
Hays, KS (FHA|USDA|VA) 3 $1,265,000 $421,667 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $510,000 $255,000 $0 0.00%
TOPEKA, KS (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
JOPLIN, MO (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
Breckenridge, CO (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
Granbury, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Ottawa, KS (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
LAWRENCE, KS (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Hutchinson, KS (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
The Bennington State Bank's top markets include Salina, Wichita, Manhattan, Kansas City, and Coffeyville among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 348 $77,860,000 $223,736 $0 0.00%

    For 2022, The Bennington State Bank's most frequently originated type of loan was Conventional, with 348 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 191 $50,525,000 $264,529 $0 0.00%
    Refi 85 $19,565,000 $230,176 $0 0.00%
    Cash Out Refi 40 $5,520,000 $138,000 $0 0.00%
    Home Improvement 24 $1,420,000 $59,167 $0 0.00%
    Other 8 $830,000 $103,750 $0 0.00%

    For 2022, The Bennington State Bank's most frequently cited loan purpose was Home Purchase, with 191 originations. The 2nd most popular reason was Refi, with 85 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 348 $77,860,000 $223,736 $0 0.00%

    For 2022, The Bennington State Bank's most frequently cited loan duration was Other, with 348 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 167 $8,645,000 $51,766 $0 0.00%
    $100k-200k 82 $11,890,000 $145,000 $0 0.00%
    $200k-400k 64 $17,420,000 $272,188 $0 0.00%
    $400k-600k 18 $8,580,000 $476,667 $0 0.00%
    $600k-1MM 9 $6,455,000 $717,222 $0 0.00%
    $1MM+ 8 $24,870,000 $3,108,750 $0 0.00%

    2022 saw The Bennington State Bank place emphasis on $100,000 or less loans with 167 originations, totaling $8,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 54 $3,850,000 $71,296 $0 0.00%
    $100k-150k 39 $7,885,000 $202,179 $0 0.00%
    $75k-100k 39 $4,605,000 $118,077 $0 0.00%
    $50k-75k 38 $3,270,000 $86,053 $0 0.00%
    $150k-250k 31 $7,915,000 $255,323 $0 0.00%
    $250k+ 30 $10,100,000 $336,667 $0 0.00%

    The Bennington State Bank lent most frequently to those with incomes in the $50k or less range, with 54 originations. The second most popular income band? $100k-150k, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 348 $77,860,000 $223,736 $0 0.00%

    The Bennington State Bank lent most frequently to those with DTI ratios of Exempt%, with 348 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 112 $39,820,000 $355,536 $0 0.00%
    White 228 $36,050,000 $158,114 $0 0.00%
    Asian 3 $1,415,000 $471,667 $0 0.00%
    Not provided 2 $310,000 $155,000 $0 0.00%
    American Indian 1 $165,000 $165,000 $0 0.00%
    Black 2 $100,000 $50,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.22%

    The Bennington State 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
    89.66%

    The Bennington State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 348 $77,860,000 $223,736

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    348 $77,860,000 $223,736