Exchange Bank Of Missouri Mortgage Rates, Fees & Info

Fayette, MO

LEI: 2549005PPHHZWJNR6L41

Tax ID: 43-0263000

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Refi and Cash Out Refi loans. Exchange Bank Of Missouri has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Columbia, Jefferson City, Marshall, Kansas City, and Sedalia among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Exchange Bank Of Missouri 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

    282

    Origination Dollar Volume (All Markets)

    $45,910,000

    Employee count

    45

    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) 113 $19,165,000 $169,602 $0 0.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 67 $9,825,000 $146,642 $0 0.00%
    Marshall, MO (FHA|USDA|VA) 58 $7,540,000 $130,000 $0 0.00%
    Outside of Metro Areas 16 $3,100,000 $193,750 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 9 $2,605,000 $289,444 $0 0.00%
    Sedalia, MO (FHA|USDA|VA) 5 $1,475,000 $295,000 $0 0.00%
    Moberly, MO (FHA|USDA|VA) 6 $800,000 $133,333 $0 0.00%
    Mexico, MO (FHA|USDA|VA) 4 $580,000 $145,000 $0 0.00%
    North Wilkesboro, NC (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Farmington, MO (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Exchange Bank Of Missouri's top markets include Columbia, Jefferson City, Marshall, Kansas City, and Sedalia among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • North Carolina (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: 40
    MISSOURI Credit Union
    Similarity Rank: 133
    WEST COMMUNITY
    Similarity Rank: 336
    The Bank of Missouri
    Similarity Rank: 957
    First State Community Bank
    Similarity Rank: 1080
    Central Bank of Boone County
    Similarity Rank: 1155
    Hawthorn Bank
    Similarity Rank: 1254
    UMB Bank
    Similarity Rank: 1788
    GERSHMAN INVESTMENT CORP.
    Similarity Rank: 2074
    Stifel Bank and Trust
    Similarity Rank: 2195

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 267 $43,935,000 $164,551 $0 0.00%
    USDA 13 $1,445,000 $111,154 $0 0.00%
    VA 2 $530,000 $265,000 $0 0.00%

    For 2020, Exchange Bank Of Missouri's most frequently originated type of loan was Conventional, with 267 originations. Their 2nd most popular type was USDA, with 13 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 140 $22,510,000 $160,786 $0 0.00%
    Cash Out Refi 81 $14,405,000 $177,840 $0 0.00%
    Home Purchase 57 $8,385,000 $147,105 $0 0.00%
    Home Improvement 4 $610,000 $152,500 $0 0.00%

    For 2020, Exchange Bank Of Missouri's most frequently cited loan purpose was Refi, with 140 originations. The 2nd most popular reason was Cash Out Refi, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 282 $45,910,000 $162,801 $0 0.00%

    For 2020, Exchange Bank Of Missouri's most frequently cited loan duration was Other, with 282 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 127 $18,135,000 $142,795 $0 0.00%
    $100,000 or less 78 $5,100,000 $65,385 $0 0.00%
    $200k-400k 67 $17,165,000 $256,194 $0 0.00%
    $400k-600k 7 $3,185,000 $455,000 $0 0.00%
    $600k-1MM 3 $2,325,000 $775,000 $0 0.00%

    2020 saw Exchange Bank Of Missouri place emphasis on $100k-200k loans with 127 originations, totaling $18,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 65 $12,765,000 $196,385 $0 0.00%
    $50k or less 60 $5,340,000 $89,000 $0 0.00%
    $50k-75k 59 $6,825,000 $115,678 $0 0.00%
    $75k-100k 55 $9,355,000 $170,091 $0 0.00%
    $150k-250k 29 $7,295,000 $251,552 $0 0.00%
    $250k+ 5 $1,415,000 $283,000 $0 0.00%

    Exchange Bank Of Missouri lent most frequently to those with incomes in the $100k-150k range, with 65 originations. The second most popular income band? $50k or less, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 282 $45,910,000 $162,801 $0 0.00%

    Exchange Bank Of Missouri lent most frequently to those with DTI ratios of Exempt%, with 282 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 259 $40,955,000 $158,127 $0 0.00%
    Not applicable 9 $2,915,000 $323,889 $0 0.00%
    Not provided 11 $1,815,000 $165,000 $0 0.00%
    Black 3 $225,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.04%

    Exchange Bank Of Missouri has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.52%

    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
    Exempt 282 $45,910,000 $162,801

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 21 $1,845,000 $87,857
    Single Family (1-4 Units):Site-Built 261 $44,065,000 $168,831

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Equinox Home Financing, Inc. VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Exchange Bank of Missouri 101 South Church Street Fayette, MO 65248 Full Service B&M $57,573
    Exchange Bank of Missouri 102 East Broadway New Franklin, MO 65274 Full Service B&M $24,337
    Exchange Bank of Missouri 201 West Maple Slater, MO 65349 Full Service B&M $46,605
    Exchange Bank of Missouri 601 Court Street Fulton, MO 65251 Full Service B&M $32,739
    Exchange Bank of Missouri 929 West Vest Street Marshall, MO 65340 Full Service B&M $52,690

    For 2020, Exchange Bank Of Missouri had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,377
    Net interest income $8,697
    Total noninterest income $2,113
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $381
    Trading account gains and fees $0
    Additional Noninterest Income $1,732
    Pre-tax net operating income $4,880
    Securities gains (or losses, -) $19
    Income before extraordinary items $3,772
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,772
    Minority interest net income $0
    Net income $3,772
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,756

    Exchange Bank Of Missouri's gross interest income from loans was $11,377,000.
    Exchange Bank Of Missouri's net interest income from loans was $8,697,000.
    Exchange Bank Of Missouri's fee based income from loans was $381,000.
    Exchange Bank Of Missouri's net income from loans was $3,772,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,680
    Provision for credit losses $175
    Total noninterest expense $5,755
    Salaries and employee benefits $3,102
    Premises and equipment expense $668
    Additional noninterest expense $1,985
    Applicable income taxes $1,127
    Net charge-offs $16
    Cash dividends $978

    Exchange Bank Of Missouri's interest expense for loans was $2,680,000.
    Exchange Bank Of Missouri's payroll and benefits expense were $3,102,000.
    Exchange Bank Of Missouri's property, plant and equipment expenses $668,000.

    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 $231,816
    Deposits held in domestic offices $231,816
    Deposits by Individuals, partnerships, and corporations $186,843
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $44,973
    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 $86,161
    Demand deposits $30,704
    Nontransaction accounts $145,655
    Money market deposit accounts (MMDAs) $65,910
    Other savings deposits (excluding MMDAs) $15,910
    Total time deposits $63,835
    Total time and savings deposits $201,112
    Noninterest-bearing deposits $30,704
    Interest-bearing deposits $201,112
    Retail deposits $219,032
    IRAs and Keogh plan accounts $9,763
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $261,688
    Cash & Balances due from depository institutions $7,015
    Interest-bearing balances $561
    Total securities $23,886
    Federal funds sold & reverse repurchase $42,360
    Net loans and leases $174,687
    Loan and leases loss allowance $1,943
    Trading account assets $0
    Bank premises and fixed assets $4,941
    Other real estate owned $0
    Goodwill and other intangibles $2,237
    All other assets $6,562

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $261,688
    Total Liabilities $233,189
    Total deposits $231,816
    Interest-bearing deposits $201,112
    Deposits held in domestic offices $231,816
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,373

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $174,687
    Loan and leases loss allowance $1,943
    Total loans and leases (domestic) $176,630
    All real estate loans $140,280
    Real estate loans in domestic offices $140,280
    Construction and development loans $5,240
    Residential 1-4 family construction $3,719
    Other construction, all land development and other land $1,521
    Loans secured by nonfarm nonresidential properties $36,728
    Nonfarm nonresidential secured by owner-occupied properties $22,908
    Commercial real estate & other non-farm, non-residential $13,820
    Multifamily residential real estate $2,466
    1-4 family residential loans $23,412
    Farmland loans $72,434
    Loans held in foreign offices $0
    Farm loans $19,129
    Commercial and industrial loans $13,905
    To non-U.S. addressees $0
    Loans to individuals $2,913
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,024
    Other loans to individuals $889
    All other loans & leases $403
    Loans to foreign governments and official institutions $0
    Other loans $363
    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 $36
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Exchange Bank of Missouri had $174,687,000 of loans outstanding in 2020. $140,280,000 of loans were in real estate loans. $5,240,000 of loans were in development loans. $2,466,000 of loans were in multifamily mortgage loans. $23,412,000 of loans were in 1-4 family mortgage loans. $19,129,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,024,000 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 130 $24,528 $188,677
    Nonfarm, nonresidential loans - <$100k 71 $2,839 $39,986
    Nonfarm, nonresidential loans - $100-250k 21 $3,938 $187,524
    Nonfarm, nonresidential loans - $250k-1MM 38 $17,751 $467,132
    Commercial & Industrial, US addressed loans - <$1MM 221 $11,936 $54,009
    Commercial & Industrial, US addressed loans - <$100k 186 $4,246 $22,828
    Commercial & Industrial, US addressed loans - $100-250k 28 $4,522 $161,500
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $3,168 $452,571
    Farmland loans - <$1MM 190 $28,625 $150,658
    Farmland loans - <$100k 82 $3,385 $41,280
    Farmland loans - $100-250k 64 $9,895 $154,609
    Farmland loans - $250k-1MM 44 $15,345 $348,750
    Agriculture operations loans - <$1MM 309 $13,859 $44,851
    Agriculture operations loans - <$100k 275 $6,681 $24,295
    Agriculture operations loans - $100-250k 23 $3,426 $148,957
    Agriculture operations loans - $250k-1MM 11 $3,752 $341,091