Silver Lake Bank Mortgage Rates, Fees & Info

Topeka, KS

LEI: 549300LK4WOVIJ8FAK87

Tax ID: 48-0417970

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Bank Data

Review & Overview

Silver Lake Bank is a smaller bank specializing in Home Purchase and Refi loans. Silver Lake Bank has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Lawrence, and Manhattan among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Silver Lake 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.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

110

Origination Dollar Volume (All Markets)

$18,210,000

Employee count

59

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
TOPEKA, KS (FHA|USDA|VA) 82 $10,080,000 $122,927 $0 0.00%
LAWRENCE, KS (FHA|USDA|VA) 16 $5,920,000 $370,000 $0 0.00%
Outside of Metro Areas 9 $1,895,000 $210,556 $0 0.00%
MANHATTAN, KS (FHA|USDA|VA) 3 $315,000 $105,000 $0 0.00%
Silver Lake Bank's top markets include Topeka, Lawrence, and Manhattan among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 110 $18,210,000 $165,545 $0 0.00%

    For 2019, Silver Lake Bank's most frequently originated type of loan was Conventional, with 110 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $11,740,000 $183,438 $0 0.00%
    Refi 37 $6,095,000 $164,730 $0 0.00%
    Home Improvement 5 $275,000 $55,000 $0 0.00%
    Other 4 $100,000 $25,000 $0 0.00%

    For 2019, Silver Lake Bank's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 110 $18,210,000 $165,545 $0 0.00%

    For 2019, Silver Lake Bank's most frequently cited loan duration was Other, with 110 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 58 $3,000,000 $51,724 $0 0.00%
    $100k-200k 27 $3,595,000 $133,148 $0 0.00%
    $200k-400k 14 $3,690,000 $263,571 $0 0.00%
    $400k-600k 5 $2,465,000 $493,000 $0 0.00%
    $600k-1MM 5 $3,955,000 $791,000 $0 0.00%
    $1MM+ 1 $1,505,000 $1,505,000 $0 0.00%

    2019 saw Silver Lake Bank place emphasis on $100,000 or less loans with 58 originations, totaling $3,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 17 $2,605,000 $153,235 $0 0.00%
    $50k-75k 16 $1,420,000 $88,750 $0 0.00%
    $75k-100k 16 $1,490,000 $93,125 $0 0.00%
    $150k-250k 10 $2,670,000 $267,000 $0 0.00%
    $50k or less 10 $410,000 $41,000 $0 0.00%
    $250k+ 9 $3,445,000 $382,778 $0 0.00%

    Silver Lake Bank lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $50k-75k, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 69 $11,015,000 $159,638 $0 0.00%
    Not applicable 25 $5,455,000 $218,200 $0 0.00%
    Not provided 11 $1,315,000 $119,545 $0 0.00%
    Native Hawaiian or Islander 1 $235,000 $235,000 $0 0.00%
    American Indian 3 $155,000 $51,667 $0 0.00%
    Asian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.81%

    Silver Lake Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.73%

    Silver Lake Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 110 $18,210,000 $165,545

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $2,085,000 $417,000
    Single Family (1-4 Units):Site-Built 105 $16,125,000 $153,571

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Silver Lake Bank 201 Nw U.S. Highway 24 Topeka, KS 66608 Full Service B&M $107,223
    Silver Lake Bank 2011 Southwest Gage Boulevard Topeka, KS 66604 Full Service B&M $36,055
    Silver Lake Bank 209 Railroad Street Silver Lake, KS 66539 Full Service B&M $39,191
    Silver Lake Bank 2100 Sw Urish Road Topeka, KS 66614 Full Service B&M $49,374
    Silver Lake Bank 643 Massachusetts Street, Suite D Lawrence, KS 66044 Full Service B&M $2,898

    For 2019, Silver Lake Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,376
    Net interest income $10,168
    Total noninterest income $805
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $338
    Trading account gains and fees $0
    Additional Noninterest Income $467
    Pre-tax net operating income $3,944
    Securities gains (or losses, -) $65
    Income before extraordinary items $3,083
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,083
    Minority interest net income $0
    Net income $3,083
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,031

    Silver Lake Bank's gross interest income from loans was $13,376,000.
    Silver Lake Bank's net interest income from loans was $10,168,000.
    Silver Lake Bank's fee based income from loans was $338,000.
    Silver Lake Bank's net income from loans was $3,083,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,208
    Provision for credit losses $239
    Total noninterest expense $6,790
    Salaries and employee benefits $4,576
    Premises and equipment expense $496
    Additional noninterest expense $1,718
    Applicable income taxes $926
    Net charge-offs $4
    Cash dividends $2,114

    Silver Lake Bank's interest expense for loans was $3,208,000.
    Silver Lake Bank's payroll and benefits expense were $4,576,000.
    Silver Lake Bank's property, plant and equipment expenses $496,000.

    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 $234,368
    Deposits held in domestic offices $234,368
    Deposits by Individuals, partnerships, and corporations $206,401
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $27,967
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $69,866
    Demand deposits $43,456
    Nontransaction accounts $164,502
    Money market deposit accounts (MMDAs) $54,851
    Other savings deposits (excluding MMDAs) $10,924
    Total time deposits $98,727
    Total time and savings deposits $190,912
    Noninterest-bearing deposits $43,456
    Interest-bearing deposits $190,912
    Retail deposits $216,150
    IRAs and Keogh plan accounts $7,914
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $293,802
    Cash & Balances due from depository institutions $10,147
    Interest-bearing balances $4,980
    Total securities $45,621
    Federal funds sold & reverse repurchase $0
    Net loans and leases $232,682
    Loan and leases loss allowance $2,020
    Trading account assets $0
    Bank premises and fixed assets $2,368
    Other real estate owned $755
    Goodwill and other intangibles $0
    All other assets $2,229

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $293,802
    Total Liabilities $259,986
    Total deposits $234,368
    Interest-bearing deposits $190,912
    Deposits held in domestic offices $234,368
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $16,822
    Trading liabilities $0
    Other borrowed funds $8,000
    Subordinated debt $0
    All other liabilities $796

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $232,682
    Loan and leases loss allowance $2,020
    Total loans and leases (domestic) $234,702
    All real estate loans $187,618
    Real estate loans in domestic offices $187,618
    Construction and development loans $25,839
    Residential 1-4 family construction $9,985
    Other construction, all land development and other land $15,854
    Loans secured by nonfarm nonresidential properties $74,453
    Nonfarm nonresidential secured by owner-occupied properties $36,775
    Commercial real estate & other non-farm, non-residential $37,678
    Multifamily residential real estate $3,922
    1-4 family residential loans $62,612
    Farmland loans $20,792
    Loans held in foreign offices $0
    Farm loans $7,068
    Commercial and industrial loans $35,327
    To non-U.S. addressees $0
    Loans to individuals $3,949
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $794
    Other loans to individuals $3,155
    All other loans & leases $740
    Loans to foreign governments and official institutions $0
    Other loans $26
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $7,256
    Non 1-4 family restructured loans & leases $7,213
    Total loans and leases (foreign) $0

    Silver Lake Bank had $232,682,000 of loans outstanding in 2019. $187,618,000 of loans were in real estate loans. $25,839,000 of loans were in development loans. $3,922,000 of loans were in multifamily mortgage loans. $62,612,000 of loans were in 1-4 family mortgage loans. $7,068,000 of loans were in farm loans. $0 of loans were in credit card loans. $794,000 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 55 $11,846 $215,382
    Nonfarm, nonresidential loans - <$100k 14 $535 $38,214
    Nonfarm, nonresidential loans - $100-250k 15 $2,130 $142,000
    Nonfarm, nonresidential loans - $250k-1MM 26 $9,181 $353,115
    Commercial & Industrial, US addressed loans - <$1MM 186 $13,606 $73,151
    Commercial & Industrial, US addressed loans - <$100k 124 $3,420 $27,581
    Commercial & Industrial, US addressed loans - $100-250k 35 $3,440 $98,286
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $6,746 $249,852
    Farmland loans - <$1MM 64 $7,037 $109,953
    Farmland loans - <$100k 30 $1,540 $51,333
    Farmland loans - $100-250k 26 $3,247 $124,885
    Farmland loans - $250k-1MM 8 $2,250 $281,250
    Agriculture operations loans - <$1MM 94 $4,399 $46,798
    Agriculture operations loans - <$100k 72 $1,702 $23,639
    Agriculture operations loans - $100-250k 15 $1,256 $83,733
    Agriculture operations loans - $250k-1MM 7 $1,441 $205,857