The Halstead Bank Mortgage Rates, Fees & Info

Halstead, KS

LEI: 549300XPYR4FPCKYRF48

Tax ID: 48-0249420

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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 and Refi loans. The Halstead Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Hutchinson, Mcpherson, and Kansas City among others. We have data for 5 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. They have an above 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.

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    Originations

    90

    Origination Dollar Volume (All Markets)

    $12,320,000

    Employee count

    29

    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) 83 $11,175,000 $134,639 $0 0.00%
    Hutchinson, KS (FHA|USDA|VA) 3 $525,000 $175,000 $0 0.00%
    McPherson, KS (FHA|USDA|VA) 2 $330,000 $165,000 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Outside of Metro Areas 1 $115,000 $115,000 $0 0.00%
    The Halstead Bank's top markets include Wichita, Hutchinson, Mcpherson, and Kansas City among others.

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

    HOME BANK AND TRUST COMPANY
    Similarity Rank: 90
    MID AMERICAN
    Similarity Rank: 128
    SKYWARD
    Similarity Rank: 148
    PANHANDLE FEDERAL CREDIT UNION
    Similarity Rank: 212
    Wichita Federal Credit Union
    Similarity Rank: 275
    Emprise Bank
    Similarity Rank: 294
    GOLDEN PLAINS
    Similarity Rank: 304
    CREDIT UNION OF AMERICA
    Similarity Rank: 450
    HEARTLAND CREDIT UNION
    Similarity Rank: 480
    MERITRUST Federal Credit Union
    Similarity Rank: 532

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $12,320,000 $136,889 $0 0.00%

    For 2019, The Halstead Bank's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 44 $5,960,000 $135,455 $0 0.00%
    Refi 19 $3,615,000 $190,263 $0 0.00%
    Cash Out Refi 15 $2,105,000 $140,333 $0 0.00%
    Home Improvement 10 $480,000 $48,000 $0 0.00%
    Other 2 $160,000 $80,000 $0 0.00%

    For 2019, The Halstead Bank's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 90 $12,320,000 $136,889 $0 0.00%

    For 2019, The Halstead Bank's most frequently cited loan duration was Other, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 40 $2,130,000 $53,250 $0 0.00%
    $100k-200k 28 $4,020,000 $143,571 $0 0.00%
    $200k-400k 20 $5,270,000 $263,500 $0 0.00%
    $400k-600k 2 $900,000 $450,000 $0 0.00%

    2019 saw The Halstead Bank place emphasis on $100,000 or less loans with 40 originations, totaling $2,130,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 23 $3,495,000 $151,957 $0 0.00%
    $50k-75k 17 $1,455,000 $85,588 $0 0.00%
    $75k-100k 14 $2,200,000 $157,143 $0 0.00%
    $50k or less 13 $1,045,000 $80,385 $0 0.00%
    $150k-250k 10 $1,980,000 $198,000 $0 0.00%
    $250k+ 6 $1,550,000 $258,333 $0 0.00%

    The Halstead Bank lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $50k-75k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 90 $12,320,000 $136,889 $0 0.00%

    The Halstead Bank lent most frequently to those with DTI ratios of Exempt%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 83 $11,675,000 $140,663 $0 0.00%
    Not applicable 6 $480,000 $80,000 $0 0.00%
    Asian 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.38%

    The Halstead Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.22%

    The Halstead Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 90 $12,320,000 $136,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $100,000 $50,000
    Single Family (1-4 Units):Site-Built 88 $12,220,000 $138,864

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Halstead Bank 101 North Wichita Bentley, KS 67016 Full Service B&M $4,651
    The Halstead Bank 101 West Industrial Valley Center, KS 67147 Full Service B&M $21,901
    The Halstead Bank 314 Main Street Halstead, KS 67056 Full Service B&M $65,900
    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 $14,716

    For 2019, The Halstead Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,797
    Net interest income $4,767
    Total noninterest income $708
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $366
    Trading account gains and fees $0
    Additional Noninterest Income $342
    Pre-tax net operating income $1,407
    Securities gains (or losses, -) $52
    Income before extraordinary items $1,393
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,393
    Minority interest net income $0
    Net income $1,393
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,343

    The Halstead Bank's gross interest income from loans was $5,797,000.
    The Halstead Bank's net interest income from loans was $4,767,000.
    The Halstead Bank's fee based income from loans was $366,000.
    The Halstead Bank's net income from loans was $1,393,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,030
    Provision for credit losses $215
    Total noninterest expense $3,853
    Salaries and employee benefits $2,149
    Premises and equipment expense $636
    Additional noninterest expense $1,068
    Applicable income taxes $66
    Net charge-offs $59
    Cash dividends $577

    The Halstead Bank's interest expense for loans was $1,030,000.
    The Halstead Bank's payroll and benefits expense were $2,149,000.
    The Halstead Bank's property, plant and equipment expenses $636,000.

    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 $104,678
    Deposits held in domestic offices $104,678
    Deposits by Individuals, partnerships, and corporations $89,222
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $15,456
    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 $57,714
    Demand deposits $26,730
    Nontransaction accounts $46,964
    Money market deposit accounts (MMDAs) $14,764
    Other savings deposits (excluding MMDAs) $12,897
    Total time deposits $19,303
    Total time and savings deposits $77,948
    Noninterest-bearing deposits $26,730
    Interest-bearing deposits $77,948
    Retail deposits $90,469
    IRAs and Keogh plan accounts $3,426
    Brokered deposits $8,795
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $118,223
    Cash & Balances due from depository institutions $6,671
    Interest-bearing balances $3,375
    Total securities $8,643
    Federal funds sold & reverse repurchase $2,170
    Net loans and leases $94,569
    Loan and leases loss allowance $1,336
    Trading account assets $0
    Bank premises and fixed assets $2,865
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $3,305

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $118,223
    Total Liabilities $106,244
    Total deposits $104,678
    Interest-bearing deposits $77,948
    Deposits held in domestic offices $104,678
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,254
    Subordinated debt $0
    All other liabilities $312

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $94,569
    Loan and leases loss allowance $1,336
    Total loans and leases (domestic) $95,905
    All real estate loans $57,999
    Real estate loans in domestic offices $57,999
    Construction and development loans $6,841
    Residential 1-4 family construction $6,025
    Other construction, all land development and other land $816
    Loans secured by nonfarm nonresidential properties $10,367
    Nonfarm nonresidential secured by owner-occupied properties $2,110
    Commercial real estate & other non-farm, non-residential $8,257
    Multifamily residential real estate $69
    1-4 family residential loans $22,743
    Farmland loans $17,979
    Loans held in foreign offices $0
    Farm loans $17,299
    Commercial and industrial loans $11,279
    To non-U.S. addressees $0
    Loans to individuals $9,167
    Credit card loans $0
    Related Plans $54
    Consumer Auto Loans $4,797
    Other loans to individuals $4,316
    All other loans & leases $161
    Loans to foreign governments and official institutions $0
    Other loans $59
    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 $253
    Non 1-4 family restructured loans & leases $19
    Total loans and leases (foreign) $0

    The Halstead Bank had $94,569,000 of loans outstanding in 2019. $57,999,000 of loans were in real estate loans. $6,841,000 of loans were in development loans. $69,000 of loans were in multifamily mortgage loans. $22,743,000 of loans were in 1-4 family mortgage loans. $17,299,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,797,000 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 53 $7,829 $147,717
    Nonfarm, nonresidential loans - <$100k 29 $984 $33,931
    Nonfarm, nonresidential loans - $100-250k 14 $1,905 $136,071
    Nonfarm, nonresidential loans - $250k-1MM 10 $4,940 $494,000
    Commercial & Industrial, US addressed loans - <$1MM 260 $10,446 $40,177
    Commercial & Industrial, US addressed loans - <$100k 228 $4,939 $21,662
    Commercial & Industrial, US addressed loans - $100-250k 23 $2,452 $106,609
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $3,055 $339,444
    Farmland loans - <$1MM 148 $14,743 $99,615
    Farmland loans - <$100k 68 $2,561 $37,662
    Farmland loans - $100-250k 60 $7,230 $120,500
    Farmland loans - $250k-1MM 20 $4,952 $247,600
    Agriculture operations loans - <$1MM 244 $13,048 $53,475
    Agriculture operations loans - <$100k 196 $5,616 $28,653
    Agriculture operations loans - $100-250k 38 $4,739 $124,711
    Agriculture operations loans - $250k-1MM 10 $2,693 $269,300