The First National Bank Of Louisburg Mortgage Rates, Fees & Info

Louisburg, KS

LEI: 549300ND02E8JILK7S61

Tax ID: 48-0314805

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

Review & Overview

The First National Bank Of Louisburg is a smaller bank specializing in Refi loans. The First National Bank Of Louisburg has a high proportion of conventional loans. Their top two markets are Kansas City and West Plains .

The First National Bank Of Louisburg has an above average approval rate when compared to the average across all lenders.

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Originations

Origination Dollar Volume (All Markets)

$2,905,000

Employee count

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
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	4	$1,920,000	$480,000	$0	0.00%
West Plains, MO (FHA\|USDA\|VA)	1	$985,000	$985,000	$0	0.00%

The First National Bank Of Louisburg's top markets include Kansas City and West Plains among others.

Their top states include:

Missouri (FHA|USDA|VA)

Kansas (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	5	$2,905,000	$581,000	$0	0.00%

For 2020, The First National Bank Of Louisburg's most frequently originated type of loan was Conventional, with 5 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	5	$2,905,000	$581,000	$0	0.00%

For 2020, The First National Bank Of Louisburg's most frequently cited loan purpose was Refi, with 5 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	5	$2,905,000	$581,000	$0	0.00%

For 2020, The First National Bank Of Louisburg's most frequently cited loan duration was Other, with 5 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$400k-600k	2	$940,000	$470,000	$0	0.00%
$600k-1MM	2	$1,760,000	$880,000	$0	0.00%
$200k-400k	1	$205,000	$205,000	$0	0.00%

2020 saw The First National Bank Of Louisburg place emphasis on $400k-600k loans with 2 originations, totaling $940,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	3	$2,265,000	$755,000	$0	0.00%
$100k-150k	2	$640,000	$320,000	$0	0.00%

The First National Bank Of Louisburg lent most frequently to those with incomes in the $250k+ range, with 3 originations. The second most popular income band? $100k-150k, with 2 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	5	$2,905,000	$581,000	$0	0.00%

The First National Bank Of Louisburg lent most frequently to those with DTI ratios of Exempt%, with 5 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	5	$2,905,000	$581,000	$0	0.00%

Approval Rates

Total approvals of all applications
100.00%

The First National Bank Of Louisburg 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	5	$2,905,000	$581,000

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	1	$505,000	$505,000
Single Family (1-4 Units):Site-Built	4	$2,400,000	$600,000

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
The First National Bank of Louisburg	1201 West Amity Street Louisburg, KS 66053	Full Service B&M	$79,875
The First National Bank of Louisburg	4200 West 83rd Street, Suite 100 Prairie Village, KS 66208	Full Service B&M	$17,322
The First National Bank of Louisburg	7640 W. 199th Stilwell, KS 66085	Full Service B&M	$27,644

For 2020, The First National Bank Of Louisburg had 3 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$4,244
Net interest income	$3,998
Total noninterest income	$590
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$232
Trading account gains and fees	$0
Additional Noninterest Income	$358
Pre-tax net operating income	$1,612
Securities gains (or losses, -)	$0
Income before extraordinary items	$1,612
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$1,612
Minority interest net income	$0
Net income	$1,612
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$1,612

The First National Bank Of Louisburg's gross interest income from loans was $4,244,000.
The First National Bank Of Louisburg's net interest income from loans was $3,998,000.
The First National Bank Of Louisburg's fee based income from loans was $232,000.
The First National Bank Of Louisburg's net income from loans was $1,612,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$246
Provision for credit losses	$154
Total noninterest expense	$2,822
Salaries and employee benefits	$1,558
Premises and equipment expense	$499
Additional noninterest expense	$765
Applicable income taxes	$0
Net charge-offs	$5
Cash dividends	$1,758

The First National Bank Of Louisburg's interest expense for loans was $246,000.
The First National Bank Of Louisburg's payroll and benefits expense were $1,558,000.
The First National Bank Of Louisburg's property, plant and equipment expenses $499,000.

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	$126,282
Deposits held in domestic offices	$126,282
Deposits by Individuals, partnerships, and corporations	$113,804
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$12,478
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	$69,276
Demand deposits	$60,032
Nontransaction accounts	$57,006
Money market deposit accounts (MMDAs)	$13,593
Other savings deposits (excluding MMDAs)	$20,835
Total time deposits	$22,577
Total time and savings deposits	$66,250
Noninterest-bearing deposits	$60,032
Interest-bearing deposits	$66,250
Retail deposits	$114,338
IRAs and Keogh plan accounts	$1,596
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$146,443
Cash & Balances due from depository institutions	$13,927
Interest-bearing balances	$3,050
Total securities	$63,548
Federal funds sold & reverse repurchase	$0
Net loans and leases	$66,128
Loan and leases loss allowance	$1,176
Trading account assets	$0
Bank premises and fixed assets	$1,259
Other real estate owned	$0
Goodwill and other intangibles	$0
All other assets	$1,581

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$146,443
Total Liabilities	$128,210
Total deposits	$126,282
Interest-bearing deposits	$66,250
Deposits held in domestic offices	$126,282
% insured (estimated)	$74
Federal funds purchased and repurchase agreements	$1,838
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$90

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$66,128
Loan and leases loss allowance	$1,176
Total loans and leases (domestic)	$67,304
All real estate loans	$50,218
Real estate loans in domestic offices	$50,218
Construction and development loans	$3,125
Residential 1-4 family construction	$1,156
Other construction, all land development and other land	$1,969
Loans secured by nonfarm nonresidential properties	$5,268
Nonfarm nonresidential secured by owner-occupied properties	$4,340
Commercial real estate & other non-farm, non-residential	$928
Multifamily residential real estate	$59
1-4 family residential loans	$39,424
Farmland loans	$2,342
Loans held in foreign offices	$0
Farm loans	$205
Commercial and industrial loans	$10,693
To non-U.S. addressees	$0
Loans to individuals	$888
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$462
Other loans to individuals	$426
All other loans & leases	$5,300
Loans to foreign governments and official institutions	$0
Other loans	$31
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	$0
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

The First National Bank of Louisburg had $66,128,000 of loans outstanding in 2020. $50,218,000 of loans were in real estate loans. $3,125,000 of loans were in development loans. $59,000 of loans were in multifamily mortgage loans. $39,424,000 of loans were in 1-4 family mortgage loans. $205,000 of loans were in farm loans. $0 of loans were in credit card loans. $462,000 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	25	$5,268	$210,720
Nonfarm, nonresidential loans - <$100k	4	$163	$40,750
Nonfarm, nonresidential loans - $100-250k	12	$1,287	$107,250
Nonfarm, nonresidential loans - $250k-1MM	9	$3,818	$424,222
Commercial & Industrial, US addressed loans - <$1MM	158	$10,693	$67,677
Commercial & Industrial, US addressed loans - <$100k	131	$3,659	$27,931
Commercial & Industrial, US addressed loans - $100-250k	17	$2,364	$139,059
Commercial & Industrial, US addressed loans - $250k-1MM	10	$4,670	$467,000
Farmland loans - <$1MM	16	$2,342	$146,375
Farmland loans - <$100k	8	$295	$36,875
Farmland loans - $100-250k	4	$649	$162,250
Farmland loans - $250k-1MM	4	$1,398	$349,500
Agriculture operations loans - <$1MM	13	$205	$15,769
Agriculture operations loans - <$100k	13	$205	$15,769