The First Security Bank Mortgage Rates, Fees & Info

Overbrook, KS

LEI: 549300SZJNKNV106AN10

Tax ID: 48-0221050

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Mortgage Data

Review & Overview

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

The First Security Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

37

Origination Dollar Volume (All Markets)

$4,525,000

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
KANSAS CITY, MO-KS (FHA|USDA|VA) 18 $2,190,000 $121,667 $0 0.00%
TOPEKA, KS (FHA|USDA|VA) 12 $1,500,000 $125,000 $0 0.00%
LAWRENCE, KS (FHA|USDA|VA) 4 $460,000 $115,000 $0 0.00%
Ottawa, KS (FHA|USDA|VA) 3 $375,000 $125,000 $0 0.00%
The First Security Bank's top markets include Kansas City, Topeka, Lawrence, and Ottawa among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 37 $4,525,000 $122,297 $0 0.00%

    For 2023, The First Security Bank's most frequently originated type of loan was Conventional, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15 $2,185,000 $145,667 $0 0.00%
    Home Improvement 15 $1,705,000 $113,667 $0 0.00%
    Refi 5 $415,000 $83,000 $0 0.00%
    Other 1 $55,000 $55,000 $0 0.00%
    Cash Out Refi 1 $165,000 $165,000 $0 0.00%

    For 2023, The First Security Bank's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Home Improvement, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 37 $4,525,000 $122,297 $0 0.00%

    For 2023, The First Security Bank's most frequently cited loan duration was Other, with 37 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 23 $1,245,000 $54,130 $0 0.00%
    $100k-200k 9 $1,175,000 $130,556 $0 0.00%
    $200k-400k 2 $480,000 $240,000 $0 0.00%
    $400k-600k 2 $1,020,000 $510,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2023 saw The First Security Bank place emphasis on $100,000 or less loans with 23 originations, totaling $1,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 5 $395,000 $79,000 $0 0.00%
    $100k-150k 4 $970,000 $242,500 $0 0.00%
    $75k-100k 4 $420,000 $105,000 $0 0.00%
    $50k-75k 3 $225,000 $75,000 $0 0.00%

    The First Security Bank lent most frequently to those with incomes in the $150k-250k range, with 5 originations. The second most popular income band? $100k-150k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 37 $4,525,000 $122,297 $0 0.00%

    The First Security Bank lent most frequently to those with DTI ratios of Exempt%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 21 $2,515,000 $119,762 $0 0.00%
    White 15 $1,525,000 $101,667 $0 0.00%
    Not provided 1 $485,000 $485,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    The First Security 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
    94.59%

    The First Security Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 37 $4,525,000 $122,297

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    37 $4,525,000 $122,297