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

Jump to:

Mortgage Data

Bank Data

Review & Overview

The Halstead Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. The Halstead Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Mcpherson, Manhattan, Hutchinson, and Tulsa among others. We have data for 6 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.

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

214

Origination Dollar Volume (All Markets)

$35,340,000

Employee count

28

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) 202 $33,340,000 $165,050 $0 0.00%
Outside of Metro Areas 5 $995,000 $199,000 $0 0.00%
McPherson, KS (FHA|USDA|VA) 2 $360,000 $180,000 $0 0.00%
MANHATTAN, KS (FHA|USDA|VA) 2 $320,000 $160,000 $0 0.00%
Hutchinson, KS (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
TULSA, OK (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
The Halstead Bank's top markets include Wichita, Mcpherson, Manhattan, Hutchinson, and Tulsa 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.

    GOLDEN PLAINS
    Similarity Rank: 114
    SKYWARD
    Similarity Rank: 189
    Wichita Federal Credit Union
    Similarity Rank: 340
    HOME BANK AND TRUST COMPANY
    Similarity Rank: 432
    Central National Bank
    Similarity Rank: 540
    Intrust Bank
    Similarity Rank: 616
    Members Mortgage Services, L.L.C.
    Similarity Rank: 693
    Citizens Bank of Kansas
    Similarity Rank: 732
    CREDIT UNION OF AMERICA
    Similarity Rank: 903
    HEARTLAND CREDIT UNION
    Similarity Rank: 1159

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 214 $35,340,000 $165,140 $0 0.00%

    For 2020, The Halstead Bank's most frequently originated type of loan was Conventional, with 214 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 88 $16,570,000 $188,295 $0 0.00%
    Home Purchase 61 $8,875,000 $145,492 $0 0.00%
    Cash Out Refi 45 $7,535,000 $167,444 $0 0.00%
    Other 14 $1,580,000 $112,857 $0 0.00%
    Home Improvement 6 $780,000 $130,000 $0 0.00%

    For 2020, The Halstead Bank's most frequently cited loan purpose was Refi, with 88 originations. The 2nd most popular reason was Home Purchase, with 61 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 214 $35,340,000 $165,140 $0 0.00%

    For 2020, The Halstead Bank's most frequently cited loan duration was Other, with 214 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 78 $11,110,000 $142,436 $0 0.00%
    $100,000 or less 65 $3,925,000 $60,385 $0 0.00%
    $200k-400k 64 $17,070,000 $266,719 $0 0.00%
    $400k-600k 7 $3,235,000 $462,143 $0 0.00%

    2020 saw The Halstead Bank place emphasis on $100k-200k loans with 78 originations, totaling $11,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 52 $9,870,000 $189,808 $0 0.00%
    $150k-250k 41 $8,115,000 $197,927 $0 0.00%
    $50k-75k 30 $3,980,000 $132,667 $0 0.00%
    $50k or less 27 $1,885,000 $69,815 $0 0.00%
    $75k-100k 24 $3,900,000 $162,500 $0 0.00%
    $250k+ 17 $4,865,000 $286,176 $0 0.00%

    The Halstead Bank lent most frequently to those with incomes in the $100k-150k range, with 52 originations. The second most popular income band? $150k-250k, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 214 $35,340,000 $165,140 $0 0.00%

    The Halstead Bank lent most frequently to those with DTI ratios of Exempt%, with 214 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 192 $32,680,000 $170,208 $0 0.00%
    Not applicable 22 $2,660,000 $120,909 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.05%

    The Halstead 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
    97.66%

    The Halstead Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 214 $35,340,000 $165,140

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 8 $510,000 $63,750
    Single Family (1-4 Units):Site-Built 206 $34,830,000 $169,078

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    Over 100% 20 $1,410,000 $70,500 $0 0.00%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Halstead Bank 101 North Wichita Bentley, KS 67016 Full Service B&M $5,516
    The Halstead Bank 101 West Industrial Valley Center, KS 67147 Full Service B&M $27,564
    The Halstead Bank 314 Main Street Halstead, KS 67056 Full Service B&M $79,014
    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 $20,989

    For 2020, The Halstead Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,995
    Net interest income $5,397
    Total noninterest income $1,039
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $235
    Trading account gains and fees $0
    Additional Noninterest Income $804
    Pre-tax net operating income $2,089
    Securities gains (or losses, -) $3
    Income before extraordinary items $1,998
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,998
    Minority interest net income $0
    Net income $1,998
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,995

    The Halstead Bank's gross interest income from loans was $5,995,000.
    The Halstead Bank's net interest income from loans was $5,397,000.
    The Halstead Bank's fee based income from loans was $235,000.
    The Halstead Bank's net income from loans was $1,998,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $598
    Provision for credit losses $210
    Total noninterest expense $4,137
    Salaries and employee benefits $2,251
    Premises and equipment expense $626
    Additional noninterest expense $1,260
    Applicable income taxes $94
    Net charge-offs $42
    Cash dividends $1,025

    The Halstead Bank's interest expense for loans was $598,000.
    The Halstead Bank's payroll and benefits expense were $2,251,000.
    The Halstead Bank's property, plant and equipment expenses $626,000.

    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 $126,574
    Deposits held in domestic offices $126,574
    Deposits by Individuals, partnerships, and corporations $109,390
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $17,184
    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 $69,613
    Demand deposits $35,882
    Nontransaction accounts $56,961
    Money market deposit accounts (MMDAs) $18,362
    Other savings deposits (excluding MMDAs) $18,872
    Total time deposits $19,727
    Total time and savings deposits $90,692
    Noninterest-bearing deposits $35,882
    Interest-bearing deposits $90,692
    Retail deposits $111,639
    IRAs and Keogh plan accounts $3,231
    Brokered deposits $8,876
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $141,050
    Cash & Balances due from depository institutions $9,705
    Interest-bearing balances $6,172
    Total securities $22,930
    Federal funds sold & reverse repurchase $6,555
    Net loans and leases $93,496
    Loan and leases loss allowance $1,504
    Trading account assets $0
    Bank premises and fixed assets $2,724
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $5,640

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $141,050
    Total Liabilities $128,007
    Total deposits $126,574
    Interest-bearing deposits $90,692
    Deposits held in domestic offices $126,574
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,138
    Subordinated debt $0
    All other liabilities $295

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $93,496
    Loan and leases loss allowance $1,504
    Total loans and leases (domestic) $95,000
    All real estate loans $54,270
    Real estate loans in domestic offices $54,270
    Construction and development loans $6,891
    Residential 1-4 family construction $5,643
    Other construction, all land development and other land $1,248
    Loans secured by nonfarm nonresidential properties $7,854
    Nonfarm nonresidential secured by owner-occupied properties $946
    Commercial real estate & other non-farm, non-residential $6,908
    Multifamily residential real estate $66
    1-4 family residential loans $22,646
    Farmland loans $16,813
    Loans held in foreign offices $0
    Farm loans $16,982
    Commercial and industrial loans $14,296
    To non-U.S. addressees $0
    Loans to individuals $9,113
    Credit card loans $0
    Related Plans $47
    Consumer Auto Loans $5,104
    Other loans to individuals $3,962
    All other loans & leases $339
    Loans to foreign governments and official institutions $0
    Other loans $125
    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 $246
    Non 1-4 family restructured loans & leases $18
    Total loans and leases (foreign) $0

    The Halstead Bank had $93,496,000 of loans outstanding in 2020. $54,270,000 of loans were in real estate loans. $6,891,000 of loans were in development loans. $66,000 of loans were in multifamily mortgage loans. $22,646,000 of loans were in 1-4 family mortgage loans. $16,982,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,104,000 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 50 $6,560 $131,200
    Nonfarm, nonresidential loans - <$100k 25 $793 $31,720
    Nonfarm, nonresidential loans - $100-250k 17 $2,222 $130,706
    Nonfarm, nonresidential loans - $250k-1MM 8 $3,545 $443,125
    Commercial & Industrial, US addressed loans - <$1MM 295 $12,197 $41,346
    Commercial & Industrial, US addressed loans - <$100k 262 $5,679 $21,676
    Commercial & Industrial, US addressed loans - $100-250k 19 $1,962 $103,263
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $4,556 $325,429
    Farmland loans - <$1MM 130 $12,540 $96,462
    Farmland loans - <$100k 60 $2,117 $35,283
    Farmland loans - $100-250k 55 $6,890 $125,273
    Farmland loans - $250k-1MM 15 $3,533 $235,533
    Agriculture operations loans - <$1MM 250 $13,382 $53,528
    Agriculture operations loans - <$100k 193 $5,132 $26,591
    Agriculture operations loans - $100-250k 46 $5,479 $119,109
    Agriculture operations loans - $250k-1MM 11 $2,771 $251,909