Equity Bank Mortgage Rates, Fees & Info
Andover, KSLEI: 549300TJF420N3F01V87
Tax ID: 48-0987182
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Overview
Equity Bank is a smaller bank specializing in Home Purchase and Refi loans. Equity Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Kansas City, Wichita, Harrison, Tulsa, and Guymon among others. Equity Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Equity Bank is typically a low fee lendor.Originations
981Origination Dollar Volume (All Markets)
$172,095,000Employee count
702Awards
Equity Bank - 2021
Equity Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Equity Bank's average 30 year fixed rate mortgage of loans were
3.24%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.09%.
Relative Fees
Equity Bank's average total fees for a 30 year fixed rate
mortgage are $3,003.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 164 | $38,580,000 | $235,244 | $2,519 | 3.77% |
| Outside of Metro Areas | 183 | $26,595,000 | $145,328 | $3,070 | 3.86% |
| WICHITA, KS (FHA|USDA|VA) | 82 | $15,440,000 | $188,293 | $2,551 | 3.18% |
| Harrison, AR (FHA|USDA|VA) | 107 | $14,725,000 | $137,617 | $2,319 | 3.57% |
| TULSA, OK (FHA|USDA|VA) | 36 | $9,620,000 | $267,222 | $4,703 | 4.06% |
| Guymon, OK (FHA|USDA|VA) | 95 | $8,745,000 | $92,053 | $3,486 | 4.76% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 33 | $7,375,000 | $223,485 | $2,902 | 3.45% |
| Warrensburg, MO (FHA|USDA|VA) | 33 | $6,295,000 | $190,758 | $2,308 | 4.21% |
| Ponca City, OK (FHA|USDA|VA) | 60 | $6,080,000 | $101,333 | $3,443 | 4.40% |
| Pittsburg, KS (FHA|USDA|VA) | 29 | $5,745,000 | $198,103 | $3,040 | 3.67% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $3,725,000 | $3,725,000 | $20,628 | 3.95% |
| TOPEKA, KS (FHA|USDA|VA) | 27 | $2,935,000 | $108,704 | $2,156 | 4.50% |
| Hays, KS (FHA|USDA|VA) | 19 | $2,785,000 | $146,579 | $2,554 | 3.05% |
| Sedalia, MO (FHA|USDA|VA) | 22 | $2,750,000 | $125,000 | $2,085 | 3.82% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 4 | $2,250,000 | $562,500 | $2,877 | 4.14% |
| Liberal, KS (FHA|USDA|VA) | 22 | $2,010,000 | $91,364 | $2,383 | 4.69% |
| LAWRENCE, KS (FHA|USDA|VA) | 6 | $1,930,000 | $321,667 | $3,246 | 3.46% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $1,600,000 | $800,000 | $0 | 4.84% |
| Hereford, TX (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $0 | 4.24% |
| Coffeyville, KS (FHA|USDA|VA) | 12 | $1,210,000 | $100,833 | $2,095 | 3.72% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $7,855 | 4.25% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $53,127 | 3.93% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $2,804 | 3.64% |
| Branson, MO (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $2,580 | 3.56% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 5.18% |
| JOPLIN, MO (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $2,802 | 3.37% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $2,342 | 2.75% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $3,830 | 2.99% |
| Hutchinson, KS (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 4.73% |
| Salina, KS (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $1,885 | 3.38% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $2,743 | 3.87% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 4.66% |
| Bartlesville, OK (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $4,288 | 4.43% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,702 | 2.88% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,445 | 3.75% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 4.83% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $1,750 | 5.12% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,748 | 2.63% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,726 | 2.38% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,896 | 2.75% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,440 | 2.99% |
| Russellville, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,397 | 2.50% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,916 | 3.25% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,722 | 3.13% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,423 | 3.13% |
| Weatherford, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.13% |
| Garden City, KS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,206 | 2.75% |
Equity Bank's top markets include Kansas City, Wichita, Harrison, Tulsa, and Guymon among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 980 | $171,960,000 | $175,469 | $2,877 | 3.89% |
| FHA | 1 | $135,000 | $135,000 | $4,989 | 2.50% |
For the 2021 period, Equity Bank's most frequently originated loan type of loans were Conventional, with 980 originations. Their 2nd most popular type is FHA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 487 | $91,825,000 | $188,552 | $3,077 | 4.03% |
| Refi | 340 | $58,220,000 | $171,235 | $2,518 | 3.92% |
| Cash Out Refi | 128 | $19,450,000 | $151,953 | $2,991 | 3.19% |
| Home Improvement | 17 | $1,165,000 | $68,529 | $2,184 | 4.89% |
| Other | 9 | $1,435,000 | $159,444 | $2,885 | 3.03% |
For the 2021, Equity Bank's most frequently cited loan purpose of loans were Home Purchase, with 487 originations. The 2nd most popular reason of loans were Refi, with 340 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 381 | $74,755,000 | $196,207 | $3,003 | 3.24% |
| 3 Year | 255 | $37,245,000 | $146,059 | $0 | 4.93% |
| 5 Year | 117 | $24,505,000 | $209,444 | $0 | 4.82% |
| 15 Year | 114 | $16,440,000 | $144,211 | $2,463 | 2.72% |
| Other | 47 | $6,985,000 | $148,617 | $1,519 | 4.94% |
| 20 Year | 37 | $5,655,000 | $152,838 | $2,548 | 2.92% |
| 10 Year | 17 | $2,105,000 | $123,824 | $2,314 | 3.20% |
| 1 Year | 8 | $1,910,000 | $238,750 | $0 | 4.48% |
| 30+ year | 5 | $2,495,000 | $499,000 | $7,621 | 3.95% |
For the 2021, Equity Bank's most frequently cited loan length of loans were 30 Year, with 381 originations. The 2nd most popular length of loans were 3 Year, with 255 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 387 | $63,735,000 | $164,690 |
| $1k-2k | 100 | $16,580,000 | $165,800 |
| $2k-3k | 26 | $7,730,000 | $297,308 |
| $3k-4k | 14 | $9,470,000 | $676,429 |
| $5k+ | 1 | $895,000 | $895,000 |
$3,003 of loans were Equity Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 387 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 344 | $62,860,000 | $182,733 |
| 3-4% | 203 | $43,535,000 | $214,458 |
| 2.5-3% | 201 | $36,525,000 | $181,716 |
| <2.5% | 109 | $18,665,000 | $171,239 |
| 5-6% | 108 | $9,810,000 | $90,833 |
| 6-7% | 11 | $635,000 | $57,727 |
| Over 8% | 4 | $50,000 | $12,500 |
| 7-8% | 1 | $15,000 | $15,000 |
During 2021, Equity Bank's average interest rate of loans were 3.24%, while their most frequently originated rate bucket of loans were 4-5%, with 344 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 367 | $22,165,000 | $60,395 | $2,311 | 4.43% |
| $100k-200k | 339 | $48,515,000 | $143,112 | $2,731 | 3.51% |
| $200k-400k | 228 | $62,000,000 | $271,930 | $2,900 | 3.56% |
| $400k-600k | 28 | $13,490,000 | $481,786 | $6,950 | 3.70% |
| $1MM+ | 11 | $19,485,000 | $1,771,364 | $14,630 | 4.18% |
| $600k-1MM | 8 | $6,440,000 | $805,000 | $10,812 | 4.40% |
2021 saw Equity Bank place emphasis on $100,000 or less loans with 367 originations, totaling $22,165,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 188 | $23,200,000 | $123,404 | $3,052 | 3.77% |
| $50k or less | 178 | $17,320,000 | $97,303 | $2,331 | 3.87% |
| $100k-150k | 125 | $24,015,000 | $192,120 | $2,947 | 3.57% |
| $75k-100k | 125 | $19,385,000 | $155,080 | $3,053 | 3.58% |
| $150k-250k | 85 | $17,075,000 | $200,882 | $2,631 | 3.54% |
| $250k+ | 43 | $17,905,000 | $416,395 | $4,869 | 3.55% |
Equity Bank lent most frequently to those with incomes in the $50k-75k range, with 188 originations. The second most popular income band? $50k or less, with 178 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 152 | $25,250,000 | $166,118 | $2,575 | 3.04% |
| 30-36% | 117 | $25,015,000 | $213,803 | $3,350 | 3.31% |
| <20% | 88 | $13,490,000 | $153,295 | $2,536 | 2.99% |
| 38% | 23 | $3,935,000 | $171,087 | $2,729 | 3.34% |
| 36% | 21 | $3,565,000 | $169,762 | $2,483 | 3.13% |
| 40% | 20 | $3,120,000 | $156,000 | $5,314 | 3.22% |
| 43% | 19 | $3,485,000 | $183,421 | $2,810 | 3.21% |
| 44% | 19 | $3,995,000 | $210,263 | $2,714 | 3.16% |
| 42% | 18 | $4,720,000 | $262,222 | $3,038 | 3.13% |
| 39% | 17 | $3,305,000 | $194,412 | $2,560 | 3.00% |
| 37% | 16 | $3,120,000 | $195,000 | $2,728 | 3.22% |
| 41% | 15 | $2,175,000 | $145,000 | $2,577 | 3.02% |
| 47% | 8 | $1,390,000 | $173,750 | $3,430 | 3.03% |
| 45% | 6 | $1,090,000 | $181,667 | $2,925 | 3.71% |
| 46% | 5 | $1,085,000 | $217,000 | $2,683 | 3.13% |
| >60% | 4 | $710,000 | $177,500 | $3,659 | 4.09% |
| 48% | 2 | $750,000 | $375,000 | $2,181 | 2.93% |
| 49% | 2 | $390,000 | $195,000 | $3,217 | 2.88% |
| 50-60% | 2 | $430,000 | $215,000 | $2,643 | 2.69% |
Equity Bank lent most frequently to those with DTI ratios of 20-30%, with 152 originations. The next most common DTI ratio? 30-36%, with 117 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 704 | $106,180,000 | $150,824 | $2,777 | 3.74% |
| Not applicable | 197 | $47,235,000 | $239,772 | $0 | 4.63% |
| Not provided | 57 | $13,805,000 | $242,193 | $2,994 | 3.30% |
| Asian | 10 | $2,860,000 | $286,000 | $3,195 | 3.39% |
| American Indian | 8 | $1,350,000 | $168,750 | $8,827 | 3.30% |
| Black | 3 | $385,000 | $128,333 | $2,268 | 3.55% |
| Asian Indian | 1 | $175,000 | $175,000 | $2,483 | 2.25% |
| Other Asian | 1 | $105,000 | $105,000 | $2,892 | 2.88% |
Approval Rates
Total approvals of all applications92.39%
Equity Bank has an average approval rate.
Pick Rate
Approvals leading to origination83.16%
Equity Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 84.0 | 3 | $45,000 | $15,000 |
| NA | 978 | $172,050,000 | $175,920 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 981 | $172,095,000 | $175,428 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 87 | $11,095,000 | $127,529 | $2,301 | 4.28% |
| 40-60% | 196 | $30,740,000 | $156,837 | $2,974 | 3.82% |
| 60-80% | 380 | $73,110,000 | $192,395 | $2,790 | 3.85% |
| 80-100% | 262 | $52,460,000 | $200,229 | $3,030 | 3.64% |
| Over 100% | 5 | $1,295,000 | $259,000 | $0 | 4.91% |
| Under 20% | 50 | $3,330,000 | $66,600 | $1,716 | 4.95% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Equity Bank | 300 Highway 212 Quinter, KS 67752 | Full Service B&M | $18,138 |
| Equity Bank | 110 E. First Street Cordell, OK 73632 | Full Service B&M | $21,311 |
| Equity Bank | 112 E Myrtle Street Independence, KS 67301 | Full Service B&M | $58,712 |
| Equity Bank | 701 Kansas Avenue Topeka, KS 66603 | Full Service B&M | $76,228 |
| Equity Bank | 1251 Oldham Pkwy Lees Summit, MO 64081 | Full Service B&M | $46,086 |
| Equity Bank | 100 East Main Warsaw, MO 65355 | Full Service B&M | $68,968 |
| Equity Bank | 102 N Broadway Street Pittsburg, KS 66762 | Full Service B&M | $49,822 |
| Equity Bank | 102 South Main Street Newkirk, OK 74647 | Full Service B&M | $65,788 |
| Equity Bank | 10222 West Central Street Wichita, KS 67212 | Full Service B&M | $73,943 |
| Equity Bank | 106 South Adams Grinnell, KS 67738 | Full Service B&M | $30,117 |
| Equity Bank | 107 West Van Buren Eureka Springs, AR 72632 | Full Service B&M | $93,727 |
| Equity Bank | 7035 College Blvd Overland Park, KS 66207 | Full Service B&M | $184,093 |
| Equity Bank | 745 Main Street Hoxie, KS 67740 | Full Service B&M | $111,392 |
| Equity Bank | 7701 East Kellogg Wichita, KS 67207 | Full Service B&M | $428,468 |
| Equity Bank | 801 Main Street Neodesha, KS 66757 | Full Service B&M | $14,094 |
| Equity Bank | 802 East Prospect Ponca City, OK 74602 | Full Service B&M | $50,603 |
| Equity Bank | 8880 W. 151st Street Overland Park, KS 66221 | Full Service B&M | $33,024 |
| Equity Bank | 902 Mcarthur Road Coffeyville, KS 67337 | Full Service B&M | $19,022 |
| Equity Bank | 909 Ne Rice Road Lees Summit, MO 64064 | Full Service B&M | $25,473 |
| Equity Bank | 911 W. Trimble Berryville, AR 72616 | Full Service B&M | $35,665 |
| Equity Bank | 916 Washington Street Ellis, KS 67637 | Full Service B&M | $55,055 |
| Equity Bank | 920 Thompson Boulevard Sedalia, MO 65301 | Full Service B&M | $103,457 |
| Equity Bank | 9292 South Delaware Ave Tulsa, OK 74137 | Full Service B&M | $165,820 |
| Equity Bank | 930 South Kansas Liberal, KS 67901 | Full Service B&M | $3,440 |
| Equity Bank | 300 South Miller Street Sweet Springs, MO 65351 | Full Service B&M | $36,900 |
| Equity Bank | 301 S. E. Main Street Lees Summit, MO 64063 | Full Service B&M | $77,329 |
| Equity Bank | 302 East Holme Street Norton, KS 67654 | Full Service B&M | $34,981 |
| Equity Bank | 345 N Andover Rd Andover, KS 67002 | Full Service B&M | $133,080 |
| Equity Bank | 3825 Southwest 29th Street Topeka, KS 66614 | Full Service B&M | $43,662 |
| Equity Bank | 500 Main Street Almena, KS 67622 | Full Service B&M | $549 |
| Equity Bank | 502 South Jackson Street Hugoton, KS 67951 | Full Service B&M | $40,049 |
| Equity Bank | 504 West Benton Windsor, MO 65360 | Full Service B&M | $78,262 |
| Equity Bank | 507 West 8th Street Topeka, KS 66603 | Limited, Drive-thru | $1 |
| Equity Bank | 601 North Main Street Guymon, OK 73942 | Full Service B&M | $146,046 |
| Equity Bank | 612 North Maguire Warrensburg, MO 64093 | Full Service B&M | $154,943 |
| Equity Bank | 615 East Ohio Street Clinton, MO 64735 | Full Service B&M | $81,273 |
| Equity Bank | 6200 Nw 63rd Street Kansas City, MO 64151 | Full Service B&M | $25,600 |
| Equity Bank | 651 Ne Coronado Drive Blue Springs, MO 64014 | Full Service B&M | $80,838 |
| Equity Bank | 1304 Highway 62/65 North Harrison, AR 72601 | Full Service B&M | $61,901 |
| Equity Bank | 1417 E Hartford Ponca City, OK 74604 | Full Service B&M | $13,794 |
| Equity Bank | 1555 North Webb Road Wichita, KS 67206 | Full Service B&M | $57,414 |
| Equity Bank | 1700 N Lincoln Ave Liberal, KS 67901 | Full Service B&M | $308,414 |
| Equity Bank | 1919 North Highway 13 Higginsville, MO 64037 | Full Service B&M | $46,165 |
| Equity Bank | 198 Slack Street Pea Ridge, AR 72751 | Full Service B&M | $34,112 |
| Equity Bank | 200 East Ridge Avenue Harrison, AR 72601 | Full Service B&M | $157,748 |
| Equity Bank | 200 North State Street Knob Noster, MO 65336 | Full Service B&M | $44,840 |
| Equity Bank | 222 East Grand Ponca City, OK 74601 | Full Service B&M | $123,746 |
| Equity Bank | 23 W. 4th Street Liberal, KS 67901 | Full Service B&M | $2,048 |
| Equity Bank | 2428 Vine Street Hays, KS 67601 | Full Service B&M | $71,832 |
| Equity Bank | 250 East Tucker Road Liberal, KS 67901 | Full Service B&M | $7,417 |
| Equity Bank | 2602 North Highway 64 Guymon, OK 73942 | Full Service B&M | $15,158 |
For 2021, Equity Bank had 51 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $157,368 |
| Net interest income | $148,840 |
| Total noninterest income | $33,036 |
| Gross Fiduciary activities income | $1,140 |
| Service charges on deposit accounts | $8,262 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $23,634 |
| Pre-tax net operating income | $74,057 |
| Securities gains (or losses, -) | $411 |
| Income before extraordinary items | $60,961 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $60,961 |
| Minority interest net income | $0 |
| Net income | $60,961 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $60,623 |
Equity Bank's gross interest income from loans was $157,368,000.
Equity Bank's net interest income from loans was $148,840,000.
Equity Bank's fee based income from loans was $8,262,000.
Equity Bank's net income from loans was $60,961,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $8,528 |
| Provision for credit losses | $-7,096 |
| Total noninterest expense | $114,915 |
| Salaries and employee benefits | $54,070 |
| Premises and equipment expense | $10,137 |
| Additional noninterest expense | $50,708 |
| Applicable income taxes | $13,507 |
| Net charge-offs | $8,644 |
| Cash dividends | $14,251 |
Equity Bank's interest expense for loans was $8,528,000.
Equity Bank's payroll and benefits expense were $54,070,000.
Equity Bank's property, plant and equipment expenses $10,137,000.
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 | 1.0% |
| 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 | $4,450,030 |
| Deposits held in domestic offices | $4,450,030 |
| Deposits by Individuals, partnerships, and corporations | $3,654,691 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $785,772 |
| Deposits by Commercial banks and other depository institutions in U.S. | $9,567 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $2,479,138 |
| Demand deposits | $1,582,518 |
| Nontransaction accounts | $1,970,892 |
| Money market deposit accounts (MMDAs) | $964,996 |
| Other savings deposits (excluding MMDAs) | $352,299 |
| Total time deposits | $653,598 |
| Total time and savings deposits | $2,867,512 |
| Noninterest-bearing deposits | $1,292,562 |
| Interest-bearing deposits | $3,157,468 |
| Retail deposits | $4,223,070 |
| IRAs and Keogh plan accounts | $89,641 |
| Brokered deposits | $11,019 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $5,141,072 |
| Cash & Balances due from depository institutions | $263,237 |
| Interest-bearing balances | $200,878 |
| Total securities | $1,328,086 |
| Federal funds sold & reverse repurchase | $823 |
| Net loans and leases | $3,111,476 |
| Loan and leases loss allowance | $48,365 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $106,714 |
| Other real estate owned | $9,523 |
| Goodwill and other intangibles | $72,851 |
| All other assets | $248,362 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $5,141,072 |
| Total Liabilities | $4,566,515 |
| Total deposits | $4,450,030 |
| Interest-bearing deposits | $3,157,468 |
| Deposits held in domestic offices | $4,450,030 |
| % insured (estimated) | $75 |
| Federal funds purchased and repurchase agreements | $56,006 |
| Trading liabilities | $0 |
| Other borrowed funds | $17,692 |
| Subordinated debt | $0 |
| All other liabilities | $42,787 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $3,111,476 |
| Loan and leases loss allowance | $48,365 |
| Total loans and leases (domestic) | $3,159,841 |
| All real estate loans | $2,353,551 |
| Real estate loans in domestic offices | $2,353,551 |
| Construction and development loans | $221,521 |
| Residential 1-4 family construction | $23,892 |
| Other construction, all land development and other land | $197,629 |
| Loans secured by nonfarm nonresidential properties | $1,018,296 |
| Nonfarm nonresidential secured by owner-occupied properties | $431,642 |
| Commercial real estate & other non-farm, non-residential | $586,654 |
| Multifamily residential real estate | $73,737 |
| 1-4 family residential loans | $823,980 |
| Farmland loans | $216,017 |
| Loans held in foreign offices | $0 |
| Farm loans | $146,872 |
| Commercial and industrial loans | $555,504 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $64,131 |
| Credit card loans | $742 |
| Related Plans | $5,493 |
| Consumer Auto Loans | $24,699 |
| Other loans to individuals | $33,197 |
| All other loans & leases | $39,783 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $38,830 |
| 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 | $345 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Equity Bank had $3,111,476,000 of loans outstanding in 2021. $2,353,551,000 of loans were in real estate loans. $221,521,000 of loans were in development loans. $73,737,000 of loans were in multifamily mortgage loans. $823,980,000 of loans were in 1-4 family mortgage loans. $146,872,000 of loans were in farm loans. $742,000 of loans were in credit card loans. $24,699,000 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 | 811 | $173,895 | $214,420 |
| Nonfarm, nonresidential loans - <$100k | 249 | $9,593 | $38,526 |
| Nonfarm, nonresidential loans - $100-250k | 276 | $37,628 | $136,333 |
| Nonfarm, nonresidential loans - $250k-1MM | 286 | $126,674 | $442,916 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,761 | $139,964 | $79,480 |
| Commercial & Industrial, US addressed loans - <$100k | 1,196 | $32,156 | $26,886 |
| Commercial & Industrial, US addressed loans - $100-250k | 328 | $36,198 | $110,360 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 237 | $71,610 | $302,152 |
| Farmland loans - <$1MM | 557 | $64,041 | $114,975 |
| Farmland loans - <$100k | 240 | $9,371 | $39,046 |
| Farmland loans - $100-250k | 207 | $23,900 | $115,459 |
| Farmland loans - $250k-1MM | 110 | $30,770 | $279,727 |
| Agriculture operations loans - <$1MM | 764 | $40,632 | $53,183 |
| Agriculture operations loans - <$100k | 523 | $11,813 | $22,587 |
| Agriculture operations loans - $100-250k | 135 | $11,741 | $86,970 |
| Agriculture operations loans - $250k-1MM | 106 | $17,078 | $161,113 |
