New Century Bank Mortgage Rates, Fees & Info

Belleville, KS

LEI: 549300W6UP8EY0KSBG85

Tax ID: 48-0345880

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

Jump to:

Mortgage Data

Bank Data

Review & Overview

New Century Bank is a smaller bank specializing in Home Purchase loans. New Century Bank has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Baltimore, Kansas City, Louisville, and Pueblo among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

New Century 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

15

Origination Dollar Volume (All Markets)

$5,255,000

Employee count

19

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
Outside of Metro Areas 4 $1,280,000 $320,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,245,000 $415,000 $0 0.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $960,000 $480,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $550,000 $275,000 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
PUEBLO, CO (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
PITTSBURGH, PA (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Hudson, NY (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
New Century Bank's top markets include Denver, Baltimore, Kansas City, Louisville, and Pueblo among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 14 $5,120,000 $365,714 $0 0.00%
    VA 1 $135,000 $135,000 $0 0.00%

    For 2020, New Century Bank's most frequently originated type of loan was Conventional, with 14 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 14 $4,930,000 $352,143 $0 0.00%
    Cash Out Refi 1 $325,000 $325,000 $0 0.00%

    For 2020, New Century Bank's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Cash Out Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 15 $5,255,000 $350,333 $0 0.00%

    For 2020, New Century Bank's most frequently cited loan duration was Other, with 15 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 8 $2,420,000 $302,500 $0 0.00%
    $400k-600k 5 $2,515,000 $503,000 $0 0.00%
    $100k-200k 2 $320,000 $160,000 $0 0.00%

    2020 saw New Century Bank place emphasis on $200k-400k loans with 8 originations, totaling $2,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 4 $1,900,000 $475,000 $0 0.00%
    $75k-100k 4 $1,250,000 $312,500 $0 0.00%
    $100k-150k 3 $1,065,000 $355,000 $0 0.00%
    $50k-75k 3 $565,000 $188,333 $0 0.00%
    $250k+ 1 $475,000 $475,000 $0 0.00%

    New Century Bank lent most frequently to those with incomes in the $150k-250k range, with 4 originations. The second most popular income band? $75k-100k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 15 $5,255,000 $350,333 $0 0.00%

    New Century Bank lent most frequently to those with DTI ratios of Exempt%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 14 $4,780,000 $341,429 $0 0.00%
    Not provided 1 $475,000 $475,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    New Century 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
    -273.33%

    New Century Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 15 $5,255,000 $350,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 15 $5,255,000 $350,333

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    New Century Bank 1211 28th Street Belleville, KS 66935 Full Service B&M $36,813
    New Century Bank 2815 Anderson Avenue Manhattan, KS 66502 Full Service B&M $15,282

    For 2020, New Century Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,042
    Net interest income $3,138
    Total noninterest income $527
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $51
    Trading account gains and fees $0
    Additional Noninterest Income $476
    Pre-tax net operating income $837
    Securities gains (or losses, -) $3
    Income before extraordinary items $824
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $824
    Minority interest net income $0
    Net income $824
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $821

    New Century Bank's gross interest income from loans was $4,042,000.
    New Century Bank's net interest income from loans was $3,138,000.
    New Century Bank's fee based income from loans was $51,000.
    New Century Bank's net income from loans was $824,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $904
    Provision for credit losses $144
    Total noninterest expense $2,684
    Salaries and employee benefits $1,435
    Premises and equipment expense $301
    Additional noninterest expense $948
    Applicable income taxes $16
    Net charge-offs $88
    Cash dividends $300

    New Century Bank's interest expense for loans was $904,000.
    New Century Bank's payroll and benefits expense were $1,435,000.
    New Century Bank's property, plant and equipment expenses $301,000.

    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 4.0%
    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 $52,057
    Deposits held in domestic offices $52,057
    Deposits by Individuals, partnerships, and corporations $49,629
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $2,428
    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 $12,613
    Demand deposits $6,459
    Nontransaction accounts $39,444
    Money market deposit accounts (MMDAs) $6,325
    Other savings deposits (excluding MMDAs) $2,883
    Total time deposits $30,237
    Total time and savings deposits $45,598
    Noninterest-bearing deposits $6,814
    Interest-bearing deposits $45,243
    Retail deposits $45,154
    IRAs and Keogh plan accounts $2,578
    Brokered deposits $1,500
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $60,174
    Cash & Balances due from depository institutions $7,739
    Interest-bearing balances $6,576
    Total securities $0
    Federal funds sold & reverse repurchase $0
    Net loans and leases $50,484
    Loan and leases loss allowance $920
    Trading account assets $0
    Bank premises and fixed assets $1,224
    Other real estate owned $21
    Goodwill and other intangibles $0
    All other assets $706

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $60,173
    Total Liabilities $53,845
    Total deposits $52,057
    Interest-bearing deposits $45,243
    Deposits held in domestic offices $52,057
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,576
    Subordinated debt $0
    All other liabilities $212

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $50,484
    Loan and leases loss allowance $920
    Total loans and leases (domestic) $51,404
    All real estate loans $45,541
    Real estate loans in domestic offices $45,541
    Construction and development loans $19,877
    Residential 1-4 family construction $19,877
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $2,007
    Nonfarm nonresidential secured by owner-occupied properties $61
    Commercial real estate & other non-farm, non-residential $1,946
    Multifamily residential real estate $0
    1-4 family residential loans $20,621
    Farmland loans $3,036
    Loans held in foreign offices $0
    Farm loans $383
    Commercial and industrial loans $1,244
    To non-U.S. addressees $0
    Loans to individuals $2,598
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,223
    Other loans to individuals $1,375
    All other loans & leases $1,639
    Loans to foreign governments and official institutions $0
    Other loans $2
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,244
    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

    New Century Bank had $50,484,000 of loans outstanding in 2020. $45,541,000 of loans were in real estate loans. $19,877,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $20,621,000 of loans were in 1-4 family mortgage loans. $383,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,223,000 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 20 $2,007 $100,350
    Nonfarm, nonresidential loans - <$100k 20 $2,007 $100,350
    Commercial & Industrial, US addressed loans - <$1MM 103 $1,244 $12,078
    Commercial & Industrial, US addressed loans - <$100k 103 $1,244 $12,078
    Farmland loans - <$1MM 35 $3,036 $86,743
    Farmland loans - <$100k 35 $3,036 $86,743
    Agriculture operations loans - <$1MM 20 $383 $19,150
    Agriculture operations loans - <$100k 20 $383 $19,150