Exchange Bank Of Missouri Mortgage Rates, Fees & Info

Fayette, MO

LEI: 2549005PPHHZWJNR6L41

Tax ID: 43-0263000

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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

    Exchange Bank Of Missouri is a smaller bank specializing in Home Purchase and Refi loans. Exchange Bank Of Missouri has a high proportion of conventional loans. Their top markets by origination volume include: Columbia, Jefferson City, Marshall, Kansas City, and Mexico among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Exchange Bank Of Missouri has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Exchange Bank Of Missouri 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    118

    Origination Dollar Volume (All Markets)

    $14,100,000

    Employee count

    44

    Awards

    Exchange Bank of Missouri 30 Year Conventional Loans gold Exchange Bank of Missouri 30 Year Conventional Loans gold Exchange Bank of Missouri USDA Loans bronze
    Show all (3) 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
    COLUMBIA, MO (FHA|USDA|VA) 35 $4,255,000 $121,571 $1,954 5.04%
    JEFFERSON CITY, MO (FHA|USDA|VA) 31 $3,785,000 $122,097 $2,110 5.11%
    Marshall, MO (FHA|USDA|VA) 31 $2,825,000 $91,129 $1,685 5.86%
    Outside of Metro Areas 6 $1,160,000 $193,333 $2,007 5.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $955,000 $191,000 $2,064 4.98%
    Mexico, MO (FHA|USDA|VA) 3 $325,000 $108,333 $1,993 5.08%
    Moberly, MO (FHA|USDA|VA) 2 $260,000 $130,000 $1,333 5.56%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $245,000 $245,000 $2,972 4.75%
    Sedalia, MO (FHA|USDA|VA) 3 $145,000 $48,333 $1,194 5.71%
    Farmington, MO (FHA|USDA|VA) 1 $145,000 $145,000 $2,514 4.75%
    Exchange Bank Of Missouri's top markets include Columbia, Jefferson City, Marshall, Kansas City, and Mexico among others.

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

    • Similar Lenders

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

    American Bank of Missouri
    Similarity Rank: 48
    Capitol Federal Savings Bank
    Similarity Rank: 213
    ONLINE CENTRAL INC
    Similarity Rank: 216
    Midwest Mortgage Associates Corporation
    Similarity Rank: 279
    MISSOURI Credit Union
    Similarity Rank: 380
    Exchange Bank of Missouri
    Similarity Rank: 400
    Jefferson Bank of Missouri
    Similarity Rank: 414
    Hawthorn Bank
    Similarity Rank: 450
    First State Community Bank
    Similarity Rank: 462
    Central Bank of Boone County
    Similarity Rank: 492

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 107 $12,885,000 $120,421 $1,771 5.36%
    USDA 11 $1,215,000 $110,455 $3,276 4.64%

    For 2018, Exchange Bank Of Missouri's most frequently originated type of loan was Conventional, with 107 originations. Their 2nd most popular type was USDA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $7,930,000 $123,906 $2,418 5.24%
    Refi 33 $4,115,000 $124,697 $1,525 4.98%
    Cash Out Refi 16 $1,990,000 $124,375 $1,496 5.52%
    Other 3 $45,000 $15,000 $452 7.50%
    Home Improvement 2 $20,000 $10,000 $535 7.13%

    For 2018, Exchange Bank Of Missouri's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 61 $9,025,000 $147,951 $2,200 5.03%
    20 Year 17 $2,245,000 $132,059 $1,483 5.23%
    15 Year 16 $1,470,000 $91,875 $1,979 4.98%
    Other 13 $865,000 $66,538 $1,089 6.31%
    1 Year 5 $355,000 $71,000 $1,054 6.40%
    10 Year 5 $115,000 $23,000 $1,219 5.48%
    5 Year 1 $25,000 $25,000 $0 7.50%

    For 2018, Exchange Bank Of Missouri's most frequently cited loan duration was 30 Year, with 61 originations. The 2nd most popular length was 20 Year, with 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 99 $12,025,000 $121,465
    $2k-3k 1 $95,000 $95,000

    Exchange Bank Of Missouri's average total fees were $2,200, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 99 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 55 $6,795,000 $123,545
    5-6% 30 $4,440,000 $148,000
    6-7% 18 $1,620,000 $90,000
    7-8% 8 $400,000 $50,000
    3-4% 7 $845,000 $120,714

    During 2018, Exchange Bank Of Missouri's average interest rate for loans was 5.03%, while their most frequently originated rate bucket for loans was 4-5%, with 55 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 61 $3,455,000 $56,639 $1,705 5.45%
    $100k-200k 35 $4,955,000 $141,571 $2,025 5.08%
    $200k-400k 22 $5,690,000 $258,636 $2,423 5.18%

    2018 saw Exchange Bank Of Missouri place emphasis on $100,000 or less loans with 61 originations, totaling $3,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 44 $2,990,000 $67,955 $1,698 5.36%
    $50k-75k 25 $2,775,000 $111,000 $2,047 4.93%
    $100k-150k 20 $4,180,000 $209,000 $2,125 5.29%
    $75k-100k 15 $1,755,000 $117,000 $2,270 5.31%
    $150k-250k 4 $910,000 $227,500 $1,661 4.84%
    $250k+ 1 $265,000 $265,000 $2,683 4.50%

    Exchange Bank Of Missouri lent most frequently to those with incomes in the $50k or less range, with 44 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 34 $3,280,000 $96,471 $1,983 5.03%
    30-36% 17 $2,685,000 $157,941 $2,344 4.78%
    <20% 14 $1,320,000 $94,286 $1,719 5.26%
    44% 4 $570,000 $142,500 $2,191 4.97%
    39% 3 $355,000 $118,333 $1,226 6.00%
    42% 3 $405,000 $135,000 $3,139 4.50%
    40% 3 $315,000 $105,000 $3,254 4.75%
    36% 3 $405,000 $135,000 $2,388 4.79%
    37% 3 $415,000 $138,333 $2,396 5.00%
    38% 3 $505,000 $168,333 $1,758 5.54%
    45% 2 $380,000 $190,000 $1,618 5.06%
    41% 1 $45,000 $45,000 $634 6.75%
    48% 1 $145,000 $145,000 $1,297 5.50%
    49% 1 $35,000 $35,000 $1,542 4.63%

    Exchange Bank Of Missouri lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? 30-36%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 106 $12,380,000 $116,792 $1,934 5.25%
    Not applicable 8 $1,180,000 $147,500 $0 6.24%
    Black 2 $390,000 $195,000 $2,236 4.94%
    Not provided 2 $150,000 $75,000 $1,748 3.94%

    Approval Rates

    Total approvals of all applications
    87.23%

    Exchange Bank Of Missouri has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.76%

    Exchange Bank Of Missouri 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
    NA 118 $14,100,000 $119,492

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $365,000 $365,000
    Single Family (1-4 Units):Manufactured 7 $575,000 $82,143
    Single Family (1-4 Units):Site-Built 110 $13,160,000 $119,636

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $505,000 $45,909 $1,053 5.70%
    40-60% 15 $1,855,000 $123,667 $1,694 5.27%
    60-80% 53 $6,825,000 $128,774 $1,917 5.26%
    80-100% 35 $4,655,000 $133,000 $2,323 5.17%
    Over 100% 1 $215,000 $215,000 $4,042 4.13%
    Under 20% 3 $45,000 $15,000 $488 6.22%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Exchange Bank of Missouri 929 West Vest Street Marshall, MO 65340 Full Service B&M $36,069
    Exchange Bank of Missouri 101 South Church Street Fayette, MO 65248 Full Service B&M $40,714
    Exchange Bank of Missouri 102 East Broadway New Franklin, MO 65274 Full Service B&M $20,210
    Exchange Bank of Missouri 201 West Maple Slater, MO 65349 Full Service B&M $42,468
    Exchange Bank of Missouri 601 Court Street Fulton, MO 65251 Full Service B&M $24,808

    For 2018, Exchange Bank Of Missouri had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,410
    Net interest income $7,569
    Total noninterest income $1,238
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $497
    Trading account gains and fees $0
    Additional Noninterest Income $741
    Pre-tax net operating income $3,435
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,589
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,589
    Minority interest net income $0
    Net income $2,589
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,589

    Exchange Bank Of Missouri's gross interest income from loans was $9,410,000.
    Exchange Bank Of Missouri's net interest income from loans was $7,569,000.
    Exchange Bank Of Missouri's fee based income from loans was $497,000.
    Exchange Bank Of Missouri's net income from loans was $2,589,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,841
    Provision for credit losses $171
    Total noninterest expense $5,201
    Salaries and employee benefits $2,844
    Premises and equipment expense $590
    Additional noninterest expense $1,767
    Applicable income taxes $846
    Net charge-offs $27
    Cash dividends $468

    Exchange Bank Of Missouri's interest expense for loans was $1,841,000.
    Exchange Bank Of Missouri's payroll and benefits expense were $2,844,000.
    Exchange Bank Of Missouri's property, plant and equipment expenses $590,000.

    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 4.0%
    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 $175,281
    Deposits held in domestic offices $175,281
    Deposits by Individuals, partnerships, and corporations $134,944
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $40,337
    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 $72,452
    Demand deposits $25,106
    Nontransaction accounts $102,829
    Money market deposit accounts (MMDAs) $43,660
    Other savings deposits (excluding MMDAs) $12,176
    Total time deposits $46,994
    Total time and savings deposits $150,175
    Noninterest-bearing deposits $25,106
    Interest-bearing deposits $150,175
    Retail deposits $168,436
    IRAs and Keogh plan accounts $9,150
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $205,374
    Cash & Balances due from depository institutions $9,459
    Interest-bearing balances $557
    Total securities $15,577
    Federal funds sold & reverse repurchase $744
    Net loans and leases $165,856
    Loan and leases loss allowance $1,591
    Trading account assets $0
    Bank premises and fixed assets $5,230
    Other real estate owned $387
    Goodwill and other intangibles $2,147
    All other assets $5,974

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $205,374
    Total Liabilities $182,555
    Total deposits $175,281
    Interest-bearing deposits $150,175
    Deposits held in domestic offices $175,281
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $6,250
    Subordinated debt $0
    All other liabilities $1,024

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $165,856
    Loan and leases loss allowance $1,591
    Total loans and leases (domestic) $167,447
    All real estate loans $127,100
    Real estate loans in domestic offices $127,100
    Construction and development loans $6,508
    Residential 1-4 family construction $3,815
    Other construction, all land development and other land $2,693
    Loans secured by nonfarm nonresidential properties $34,084
    Nonfarm nonresidential secured by owner-occupied properties $22,396
    Commercial real estate & other non-farm, non-residential $11,688
    Multifamily residential real estate $3,424
    1-4 family residential loans $23,291
    Farmland loans $59,793
    Loans held in foreign offices $0
    Farm loans $23,117
    Commercial and industrial loans $13,896
    To non-U.S. addressees $0
    Loans to individuals $2,887
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,766
    Other loans to individuals $1,121
    All other loans & leases $447
    Loans to foreign governments and official institutions $0
    Other loans $407
    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 $66
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Exchange Bank of Missouri had $165,856,000 of loans outstanding in 2018. $127,100,000 of loans were in real estate loans. $6,508,000 of loans were in development loans. $3,424,000 of loans were in multifamily mortgage loans. $23,291,000 of loans were in 1-4 family mortgage loans. $23,117,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,766,000 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 121 $21,871 $180,752
    Nonfarm, nonresidential loans - <$100k 61 $2,319 $38,016
    Nonfarm, nonresidential loans - $100-250k 26 $4,432 $170,462
    Nonfarm, nonresidential loans - $250k-1MM 34 $15,120 $444,706
    Commercial & Industrial, US addressed loans - <$1MM 276 $13,893 $50,337
    Commercial & Industrial, US addressed loans - <$100k 246 $6,027 $24,500
    Commercial & Industrial, US addressed loans - $100-250k 17 $2,677 $157,471
    Commercial & Industrial, US addressed loans - $250k-1MM 13 $5,189 $399,154
    Farmland loans - <$1MM 165 $23,699 $143,630
    Farmland loans - <$100k 75 $3,499 $46,653
    Farmland loans - $100-250k 58 $8,939 $154,121
    Farmland loans - $250k-1MM 32 $11,261 $351,906
    Agriculture operations loans - <$1MM 298 $17,671 $59,299
    Agriculture operations loans - <$100k 247 $6,391 $25,874
    Agriculture operations loans - $100-250k 34 $5,412 $159,176
    Agriculture operations loans - $250k-1MM 17 $5,868 $345,176