Providence Bank Mortgage Rates, Fees & Info
Columbia, MOLEI: 254900GCM1G6FHLNYX50
Tax ID: 43-0170030
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Mortgage Data
Bank Data
Review & Overview
Providence Bank is a smaller bank specializing in various types of mortgages.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
0Origination Dollar Volume (All Markets)
$0Employee count
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Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PROVIDENT FUNDING ASSOCIATES | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 6 | 20.0% |
| PROVIDENT FUNDING ASSOCIATES | Conventional home mortgage | Closing on a mortgage | 2 | 6.7% |
| PROVIDENT FUNDING ASSOCIATES | Conventional home mortgage | Incorrect information on your report | 1 | 3.3% |
| PROVIDENT FUNDING ASSOCIATES | Conventional home mortgage | Struggling to pay mortgage | 5 | 16.7% |
| PROVIDENT FUNDING ASSOCIATES | Conventional home mortgage | Trouble during payment process | 12 | 40.0% |
| PROVIDENT FUNDING ASSOCIATES | FHA mortgage | Trouble during payment process | 1 | 3.3% |
| PROVIDENT FUNDING ASSOCIATES | Other type of mortgage | Closing on a mortgage | 1 | 3.3% |
| PROVIDENT FUNDING ASSOCIATES | Other type of mortgage | Trouble during payment process | 2 | 6.7% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Providence Bank | 1001 South Fifth Street Saint Charles, MO 63301 | Full Service B&M | $73,887 |
| Providence Bank | 1115 South Main Street Grapevine, TX 76051 | Full Service B&M | $28,992 |
| Providence Bank | 1643 South Jefferson Avenue, Suite E Saint Louis, MO 63104 | Full Service B&M | $1,217 |
| Providence Bank | 295 Salt Lick Road Saint Peters, MO 63376 | Full Service B&M | $54,129 |
| Providence Bank | 300 Ellis Boulevard Jefferson City, MO 65101 | Full Service B&M | $59,370 |
| Providence Bank | 301 Broadway Elsberry, MO 63343 | Full Service B&M | $40,214 |
| Providence Bank | 3525 Missouri Boulevard Jefferson City, MO 65109 | Full Service B&M | $33,254 |
| Providence Bank | 3855 Forum Boulevard Columbia, MO 65203 | Full Service B&M | $49,899 |
| Providence Bank | 4001 East Highway 47 Winfield, MO 63389 | Full Service B&M | $25,656 |
| Providence Bank | 460 Hawk Ridge Trail Lake Saint Louis, MO 63367 | Full Service Retail | $54,472 |
| Providence Bank | 4600 North Illinois Street Fairview Heights, IL 62208 | Full Service B&M | $119,213 |
| Providence Bank | 8 North 5th Street Columbia, MO 65201 | Full Service B&M | $17,574 |
| Providence Bank | 815 West Stadium Boulevard Jefferson City, MO 65109 | Full Service B&M | $233,448 |
| Providence Bank | 995 Kk Drive Osage Beach, MO 65065 | Full Service B&M | $34,836 |
For 2019, Providence Bank had 14 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $47,203 |
| Net interest income | $34,005 |
| Total noninterest income | $6,241 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,244 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,997 |
| Pre-tax net operating income | $8,926 |
| Securities gains (or losses, -) | $79 |
| Income before extraordinary items | $9,005 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $9,005 |
| Minority interest net income | $0 |
| Net income | $9,005 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $8,926 |
Providence Bank's gross interest income from loans was $47,203,000.
Providence Bank's net interest income from loans was $34,005,000.
Providence Bank's fee based income from loans was $1,244,000.
Providence Bank's net income from loans was $9,005,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $13,198 |
| Provision for credit losses | $2,125 |
| Total noninterest expense | $29,195 |
| Salaries and employee benefits | $18,505 |
| Premises and equipment expense | $3,183 |
| Additional noninterest expense | $7,507 |
| Applicable income taxes | $0 |
| Net charge-offs | $2,972 |
| Cash dividends | $1,000 |
Providence Bank's interest expense for loans was $13,198,000.
Providence Bank's payroll and benefits expense were $18,505,000.
Providence Bank's property, plant and equipment expenses $3,183,000.
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 | 1.0% |
| 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 | $800,011 |
| Deposits held in domestic offices | $800,011 |
| Deposits by Individuals, partnerships, and corporations | $749,419 |
| Deposits by U.S. Government | $2 |
| Deposits by States and political subdivisions in the U.S. | $36,927 |
| Deposits by Commercial banks and other depository institutions in U.S. | $13,663 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $225,933 |
| Demand deposits | $151,526 |
| Nontransaction accounts | $574,078 |
| Money market deposit accounts (MMDAs) | $88,511 |
| Other savings deposits (excluding MMDAs) | $74,419 |
| Total time deposits | $411,148 |
| Total time and savings deposits | $648,485 |
| Noninterest-bearing deposits | $133,106 |
| Interest-bearing deposits | $666,905 |
| Retail deposits | $705,533 |
| IRAs and Keogh plan accounts | $35,603 |
| Brokered deposits | $41,153 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,070,090 |
| Cash & Balances due from depository institutions | $19,755 |
| Interest-bearing balances | $14,200 |
| Total securities | $158,298 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $798,414 |
| Loan and leases loss allowance | $8,321 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $24,616 |
| Other real estate owned | $2,426 |
| Goodwill and other intangibles | $20,751 |
| All other assets | $45,830 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,070,090 |
| Total Liabilities | $907,693 |
| Total deposits | $800,011 |
| Interest-bearing deposits | $666,905 |
| Deposits held in domestic offices | $800,011 |
| % insured (estimated) | $83 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $100,685 |
| Subordinated debt | $0 |
| All other liabilities | $6,997 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $798,414 |
| Loan and leases loss allowance | $8,321 |
| Total loans and leases (domestic) | $806,735 |
| All real estate loans | $517,152 |
| Real estate loans in domestic offices | $517,152 |
| Construction and development loans | $82,919 |
| Residential 1-4 family construction | $19,990 |
| Other construction, all land development and other land | $62,929 |
| Loans secured by nonfarm nonresidential properties | $236,888 |
| Nonfarm nonresidential secured by owner-occupied properties | $110,918 |
| Commercial real estate & other non-farm, non-residential | $125,970 |
| Multifamily residential real estate | $90,965 |
| 1-4 family residential loans | $94,327 |
| Farmland loans | $12,053 |
| Loans held in foreign offices | $0 |
| Farm loans | $440 |
| Commercial and industrial loans | $228,553 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $34,618 |
| Credit card loans | $0 |
| Related Plans | $54 |
| Consumer Auto Loans | $2,007 |
| Other loans to individuals | $32,557 |
| All other loans & leases | $25,972 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $18,566 |
| Loans to depository institutions and acceptances of other banks | $6,654 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $955 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Providence Bank had $798,414,000 of loans outstanding in 2019. $517,152,000 of loans were in real estate loans. $82,919,000 of loans were in development loans. $90,965,000 of loans were in multifamily mortgage loans. $94,327,000 of loans were in 1-4 family mortgage loans. $440,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,007,000 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 | 217 | $59,703 | $275,129 |
| Nonfarm, nonresidential loans - <$100k | 37 | $1,435 | $38,784 |
| Nonfarm, nonresidential loans - $100-250k | 64 | $8,314 | $129,906 |
| Nonfarm, nonresidential loans - $250k-1MM | 116 | $49,954 | $430,638 |
| Commercial & Industrial, US addressed loans - <$1MM | 549 | $76,223 | $138,840 |
| Commercial & Industrial, US addressed loans - <$100k | 229 | $9,386 | $40,987 |
| Commercial & Industrial, US addressed loans - $100-250k | 179 | $23,341 | $130,397 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 141 | $43,496 | $308,482 |
| Farmland loans - <$1MM | 29 | $5,024 | $173,241 |
| Farmland loans - <$100k | 7 | $242 | $34,571 |
| Farmland loans - $100-250k | 12 | $1,730 | $144,167 |
| Farmland loans - $250k-1MM | 10 | $3,052 | $305,200 |
| Agriculture operations loans - <$1MM | 6 | $435 | $72,500 |
| Agriculture operations loans - <$100k | 3 | $52 | $17,333 |
| Agriculture operations loans - $100-250k | 3 | $383 | $127,667 |