The Halstead Bank Mortgage Rates, Fees & Info

Halstead, KS

LEI: 549300XPYR4FPCKYRF48

Tax ID: 48-0249420

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

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

    The Halstead Bank has an above average approval rate when compared to the average across all lenders. The Halstead Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

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    Originations

    94

    Origination Dollar Volume (All Markets)

    $11,910,000

    Employee count

    28

    Awards

    The Halstead Bank 30 Year Conventional Loans silver The Halstead Bank 30 Year Conventional Loans gold The Halstead Bank 30 Year Conventional Loans silver The Halstead Bank 30 Year Conventional Loans bronze
    Show all (4) awards

    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
    WICHITA, KS (FHA|USDA|VA) 87 $11,005,000 $126,494 $1,801 4.89%
    Outside of Metro Areas 4 $400,000 $100,000 $0 0.00%
    Hutchinson, KS (FHA|USDA|VA) 2 $370,000 $185,000 $1,488 4.50%
    MANHATTAN, KS (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    The Halstead Bank's top markets include Wichita, Hutchinson, and Manhattan among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Halstead Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Halstead Bank
    Similarity Rank: 64
    MID AMERICAN
    Similarity Rank: 128
    WHITE EAGLE Credit Union
    Similarity Rank: 130
    SKYWARD
    Similarity Rank: 132
    Members Mortgage Services, L.L.C.
    Similarity Rank: 165
    HOME BANK AND TRUST COMPANY
    Similarity Rank: 261
    GOLDEN PLAINS
    Similarity Rank: 324
    MERITRUST Federal Credit Union
    Similarity Rank: 330
    Emprise Bank
    Similarity Rank: 420
    Wichita Federal Credit Union
    Similarity Rank: 567

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 58 $7,500,000 $129,310 $0 0.00%
    Conventional 36 $4,410,000 $122,500 $1,786 4.88%

    For 2018, The Halstead Bank's most frequently originated type of loan was Conventional, with 58 originations. Their 2nd most popular type was Conventional, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 61 $9,115,000 $149,426 $1,971 4.94%
    Cash Out Refi 14 $1,290,000 $92,143 $1,529 4.75%
    Refi 9 $815,000 $90,556 $1,400 4.50%
    Home Improvement 7 $565,000 $80,714 $0 5.50%
    Other 3 $125,000 $41,667 $0 0.00%

    For 2018, The Halstead Bank's most frequently cited loan purpose was Home Purchase, with 61 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 59 $7,575,000 $128,390 $1,559 4.50%
    20 Year 13 $1,295,000 $99,615 $1,917 5.53%
    30 Year 12 $2,000,000 $166,667 $1,871 4.52%
    15 Year 8 $770,000 $96,250 $1,643 4.64%
    10 Year 2 $270,000 $135,000 $1,487 3.94%

    For 2018, The Halstead Bank's most frequently cited loan duration was Other, with 59 originations. The 2nd most popular length was 20 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 20 $3,030,000 $151,500
    $1k-2k 2 $260,000 $130,000

    The Halstead Bank's average total fees were $1,871, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 20 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 16 $1,380,000 $86,250
    4-5% 15 $2,425,000 $161,667
    3-4% 4 $480,000 $120,000
    2.5-3% 1 $125,000 $125,000

    During 2018, The Halstead Bank's average interest rate for loans was 4.52%, while their most frequently originated rate bucket for loans was 5-6%, with 16 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 42 $2,430,000 $57,857 $1,628 5.12%
    $100k-200k 29 $3,875,000 $133,621 $1,963 4.84%
    $200k-400k 22 $5,190,000 $235,909 $1,696 4.50%
    $400k-600k 1 $415,000 $415,000 $0 0.00%

    2018 saw The Halstead Bank place emphasis on $100,000 or less loans with 42 originations, totaling $2,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 20 $3,510,000 $175,500 $1,777 4.44%
    $50k-75k 15 $1,305,000 $87,000 $1,706 4.33%
    $50k or less 14 $1,220,000 $87,143 $1,899 5.04%
    $75k-100k 14 $1,970,000 $140,714 $1,750 4.51%
    $150k-250k 8 $930,000 $116,250 $0 5.50%
    $250k+ 7 $1,035,000 $147,857 $0 5.50%

    The Halstead Bank lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $50k-75k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 58 $7,500,000 $129,310 $0 0.00%
    20-30% 11 $1,615,000 $146,818 $1,686 4.48%
    <20% 3 $415,000 $138,333 $1,783 3.96%
    38% 2 $220,000 $110,000 $2,152 5.00%
    41% 2 $360,000 $180,000 $2,435 4.63%
    42% 2 $370,000 $185,000 $1,508 4.69%
    30-36% 2 $220,000 $110,000 $1,367 4.19%
    37% 1 $115,000 $115,000 $2,170 4.50%
    >60% 1 $65,000 $65,000 $0 5.50%

    The Halstead Bank lent most frequently to those with DTI ratios of Exempt%, with 58 originations. The next most common DTI ratio? 20-30%, with 11 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $9,970,000 $127,821 $1,786 4.69%
    Not applicable 16 $1,940,000 $121,250 $0 5.68%

    Approval Rates

    Total approvals of all applications
    91.26%

    The Halstead Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 58 $7,500,000 $129,310
    NA 36 $4,410,000 $122,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $195,000 $65,000
    Single Family (1-4 Units):Site-Built 91 $11,715,000 $128,736

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $145,000 $145,000 $1,176 3.88%
    40-60% 5 $715,000 $143,000 $1,750 4.48%
    60-80% 16 $2,180,000 $136,250 $1,700 4.90%
    80-100% 11 $1,275,000 $115,909 $2,047 5.09%
    Under 20% 3 $95,000 $31,667 $1,445 5.00%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Halstead Bank 101 North Wichita Bentley, KS 67016 Full Service B&M $4,999
    The Halstead Bank 101 West Industrial Valley Center, KS 67147 Full Service B&M $23,652
    The Halstead Bank 314 Main Street Halstead, KS 67056 Full Service B&M $67,908
    The Halstead Bank 329 Main Street Halstead, KS 67056 Limited, Drive-thru $0
    The Halstead Bank 4001 N Maize Rd Maize, KS 67101 Full Service B&M $13,768

    For 2018, The Halstead Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,604
    Net interest income $4,698
    Total noninterest income $829
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $371
    Trading account gains and fees $0
    Additional Noninterest Income $458
    Pre-tax net operating income $875
    Securities gains (or losses, -) $0
    Income before extraordinary items $839
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $839
    Minority interest net income $0
    Net income $839
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $839

    The Halstead Bank's gross interest income from loans was $5,604,000.
    The Halstead Bank's net interest income from loans was $4,698,000.
    The Halstead Bank's fee based income from loans was $371,000.
    The Halstead Bank's net income from loans was $839,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $906
    Provision for credit losses $646
    Total noninterest expense $4,006
    Salaries and employee benefits $2,036
    Premises and equipment expense $622
    Additional noninterest expense $1,348
    Applicable income taxes $36
    Net charge-offs $616
    Cash dividends $724

    The Halstead Bank's interest expense for loans was $906,000.
    The Halstead Bank's payroll and benefits expense were $2,036,000.
    The Halstead Bank's property, plant and equipment expenses $622,000.

    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 $103,284
    Deposits held in domestic offices $103,284
    Deposits by Individuals, partnerships, and corporations $88,805
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $14,479
    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 $57,298
    Demand deposits $25,922
    Nontransaction accounts $45,986
    Money market deposit accounts (MMDAs) $14,276
    Other savings deposits (excluding MMDAs) $12,209
    Total time deposits $19,501
    Total time and savings deposits $77,362
    Noninterest-bearing deposits $25,922
    Interest-bearing deposits $77,362
    Retail deposits $90,098
    IRAs and Keogh plan accounts $3,840
    Brokered deposits $8,578
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $118,540
    Cash & Balances due from depository institutions $6,925
    Interest-bearing balances $3,043
    Total securities $10,437
    Federal funds sold & reverse repurchase $455
    Net loans and leases $92,913
    Loan and leases loss allowance $1,180
    Trading account assets $0
    Bank premises and fixed assets $2,869
    Other real estate owned $1,648
    Goodwill and other intangibles $0
    All other assets $3,293

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $118,540
    Total Liabilities $107,470
    Total deposits $103,284
    Interest-bearing deposits $77,362
    Deposits held in domestic offices $103,284
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,912
    Subordinated debt $0
    All other liabilities $274

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $92,913
    Loan and leases loss allowance $1,180
    Total loans and leases (domestic) $94,093
    All real estate loans $57,887
    Real estate loans in domestic offices $57,887
    Construction and development loans $6,948
    Residential 1-4 family construction $5,289
    Other construction, all land development and other land $1,659
    Loans secured by nonfarm nonresidential properties $9,017
    Nonfarm nonresidential secured by owner-occupied properties $2,049
    Commercial real estate & other non-farm, non-residential $6,968
    Multifamily residential real estate $71
    1-4 family residential loans $23,617
    Farmland loans $18,234
    Loans held in foreign offices $0
    Farm loans $16,297
    Commercial and industrial loans $10,600
    To non-U.S. addressees $0
    Loans to individuals $9,221
    Credit card loans $0
    Related Plans $70
    Consumer Auto Loans $4,494
    Other loans to individuals $4,657
    All other loans & leases $88
    Loans to foreign governments and official institutions $0
    Other loans $46
    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 $259
    Non 1-4 family restructured loans & leases $20
    Total loans and leases (foreign) $0

    The Halstead Bank had $92,913,000 of loans outstanding in 2018. $57,887,000 of loans were in real estate loans. $6,948,000 of loans were in development loans. $71,000 of loans were in multifamily mortgage loans. $23,617,000 of loans were in 1-4 family mortgage loans. $16,297,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,494,000 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 52 $6,389 $122,865
    Nonfarm, nonresidential loans - <$100k 32 $1,099 $34,344
    Nonfarm, nonresidential loans - $100-250k 13 $1,726 $132,769
    Nonfarm, nonresidential loans - $250k-1MM 7 $3,564 $509,143
    Commercial & Industrial, US addressed loans - <$1MM 254 $10,274 $40,449
    Commercial & Industrial, US addressed loans - <$100k 224 $4,311 $19,246
    Commercial & Industrial, US addressed loans - $100-250k 19 $1,930 $101,579
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $4,033 $366,636
    Farmland loans - <$1MM 147 $14,878 $101,211
    Farmland loans - <$100k 71 $2,629 $37,028
    Farmland loans - $100-250k 57 $7,136 $125,193
    Farmland loans - $250k-1MM 19 $5,113 $269,105
    Agriculture operations loans - <$1MM 247 $12,242 $49,563
    Agriculture operations loans - <$100k 199 $4,999 $25,121
    Agriculture operations loans - $100-250k 39 $4,825 $123,718
    Agriculture operations loans - $250k-1MM 9 $2,418 $268,667