The Callaway Bank Mortgage Rates, Fees & Info

Fulton, MO

LEI: 254900H0KR1EP2IS0Y73

Tax ID: 43-0204426

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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 Callaway Bank is a smaller bank specializing in Home Purchase and Refi loans. The Callaway Bank has a high proportion of conventional loans. Their top markets by origination volume include: Columbia, Jefferson City, Mexico, Kansas City, and St. Louis among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Callaway Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Callaway Bank 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.71% 4/28/24
    30 Year Conventional Refi 6.48% 4/28/24
    30 Year Cash-out Refi 6.97% 4/28/24
    15 Year Conventional Purchase 6.10% 4/28/24
    15 Year Conventional Refi 5.95% 4/28/24
    15 Year Cash-out Refi 5.95% 4/28/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    The Callaway Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Callaway Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    375

    Origination Dollar Volume (All Markets)

    $71,015,000

    Employee count

    61

    Awards

    The Callaway Bank 30 Year Conventional Loans gold The Callaway Bank 30 Year Conventional Loans gold The Callaway Bank 30 Year Conventional Loans gold
    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) 214 $43,810,000 $204,720 $1,743 3.22%
    JEFFERSON CITY, MO (FHA|USDA|VA) 128 $21,500,000 $167,969 $1,676 3.14%
    Outside of Metro Areas 12 $2,630,000 $219,167 $1,864 3.05%
    Mexico, MO (FHA|USDA|VA) 13 $1,575,000 $121,154 $1,746 3.16%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $650,000 $325,000 $1,881 2.94%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $530,000 $265,000 $2,785 3.75%
    Moberly, MO (FHA|USDA|VA) 2 $160,000 $80,000 $1,545 3.25%
    Sedalia, MO (FHA|USDA|VA) 1 $95,000 $95,000 $1,887 3.00%
    Rolla, MO (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.00%
    The Callaway Bank's top markets include Columbia, Jefferson City, Mexico, Kansas City, and St. Louis among others.

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

    • Similar Lenders

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

    The Callaway Bank
    Similarity Rank: 315
    WEST COMMUNITY
    Similarity Rank: 368
    MISSOURI Credit Union
    Similarity Rank: 380
    The Bank of Missouri
    Similarity Rank: 598
    Capitol Federal Savings Bank
    Similarity Rank: 738
    First State Community Bank
    Similarity Rank: 980
    Hawthorn Bank
    Similarity Rank: 1320
    GERSHMAN INVESTMENT CORP.
    Similarity Rank: 1742
    UMB Bank
    Similarity Rank: 1764
    First Mid Bank & Trust
    Similarity Rank: 2392

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 375 $71,015,000 $189,373 $1,725 3.19%

    For 2021, The Callaway Bank's most frequently originated type of loan was Conventional, with 375 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 183 $37,845,000 $206,803 $1,764 3.44%
    Refi 117 $20,435,000 $174,658 $1,646 2.94%
    Cash Out Refi 62 $11,490,000 $185,323 $1,763 2.86%
    Other 7 $825,000 $117,857 $1,725 3.11%
    Home Improvement 6 $420,000 $70,000 $1,718 3.68%

    For 2021, The Callaway Bank's most frequently cited loan purpose was Home Purchase, with 183 originations. The 2nd most popular reason was Refi, with 117 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 184 $38,950,000 $211,685 $1,763 3.13%
    15 Year 92 $14,680,000 $159,565 $1,680 2.60%
    20 Year 62 $13,000,000 $209,677 $1,669 3.62%
    Other 15 $2,085,000 $139,000 $1,809 4.66%
    10 Year 9 $695,000 $77,222 $1,562 3.42%
    1 Year 9 $1,545,000 $171,667 $1,382 4.41%
    5 Year 4 $60,000 $15,000 $0 3.90%

    For 2021, The Callaway Bank's most frequently cited loan duration was 30 Year, with 184 originations. The 2nd most popular length was 15 Year, with 92 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 289 $57,145,000 $197,734
    $4k-5k 1 $215,000 $215,000

    The Callaway Bank's average total fees were $1,763, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 289 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 143 $30,665,000 $214,441
    3-4% 121 $21,345,000 $176,405
    <2.5% 63 $10,465,000 $166,111
    4-5% 42 $8,040,000 $191,429
    5-6% 6 $500,000 $83,333

    During 2021, The Callaway Bank's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 2.5-3%, with 143 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 156 $22,340,000 $143,205 $1,649 3.13%
    $200k-400k 105 $28,575,000 $272,143 $1,827 3.12%
    $100,000 or less 89 $6,205,000 $69,719 $1,594 3.38%
    $400k-600k 22 $10,660,000 $484,545 $2,076 3.00%
    $600k-1MM 2 $1,530,000 $765,000 $1,830 3.44%
    $1MM+ 1 $1,705,000 $1,705,000 $0 4.83%

    2021 saw The Callaway Bank place emphasis on $100k-200k loans with 156 originations, totaling $22,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 74 $8,130,000 $109,865 $1,664 3.10%
    $100k-150k 68 $14,080,000 $207,059 $1,773 3.05%
    $50k-75k 64 $9,130,000 $142,656 $1,740 3.13%
    $75k-100k 50 $9,110,000 $182,200 $1,630 2.94%
    $150k-250k 46 $13,680,000 $297,391 $1,878 2.99%
    $250k+ 26 $7,130,000 $274,231 $1,960 3.13%

    The Callaway Bank lent most frequently to those with incomes in the $50k or less range, with 74 originations. The second most popular income band? $100k-150k, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 115 $23,595,000 $205,174 $1,707 2.94%
    30-36% 61 $11,325,000 $185,656 $1,603 2.93%
    <20% 59 $10,415,000 $176,525 $1,733 2.80%
    38% 7 $1,635,000 $233,571 $2,266 2.89%
    39% 7 $1,655,000 $236,429 $1,926 3.00%
    44% 6 $1,170,000 $195,000 $1,874 2.83%
    36% 6 $940,000 $156,667 $1,925 2.98%
    37% 6 $1,210,000 $201,667 $1,625 2.88%
    40% 6 $600,000 $100,000 $1,697 3.08%
    42% 5 $1,285,000 $257,000 $1,855 3.31%
    43% 5 $715,000 $143,000 $1,856 2.88%
    46% 5 $1,115,000 $223,000 $1,684 2.98%
    45% 4 $830,000 $207,500 $1,771 3.38%
    50-60% 4 $740,000 $185,000 $2,188 3.09%
    41% 4 $560,000 $140,000 $1,535 3.09%
    >60% 2 $470,000 $235,000 $1,329 3.25%
    47% 2 $570,000 $285,000 $1,806 3.56%
    49% 1 $205,000 $205,000 $1,852 2.88%

    The Callaway Bank lent most frequently to those with DTI ratios of 20-30%, with 115 originations. The next most common DTI ratio? 30-36%, with 61 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 300 $54,710,000 $182,367 $1,727 3.06%
    Not applicable 39 $8,435,000 $216,282 $0 4.30%
    Not provided 27 $6,165,000 $228,333 $1,718 3.04%
    Black 6 $1,040,000 $173,333 $1,608 3.21%
    American Indian 1 $445,000 $445,000 $1,676 2.88%
    Asian 2 $220,000 $110,000 $1,905 2.81%

    Approval Rates

    Total approvals of all applications
    93.21%

    The Callaway Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.20%

    The Callaway Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 375 $71,015,000 $189,373

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    375 $71,015,000 $189,373

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $4,170,000 $122,647 $1,661 3.12%
    40-60% 81 $13,065,000 $161,296 $1,671 2.94%
    60-80% 160 $35,340,000 $220,875 $1,737 3.25%
    80-100% 90 $17,810,000 $197,889 $1,794 3.30%
    Under 20% 10 $630,000 $63,000 $1,451 3.40%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Callaway Bank 101 West Broadway Ashland, MO 65010 Full Service B&M $7,884
    The Callaway Bank 10393 State Highway C Mokane, MO 65059 Full Service B&M $29,605
    The Callaway Bank 1101 Business 54 South Fulton, MO 65251 Full Service B&M $48,071
    The Callaway Bank 1600 Chapel Hill Road Columbia, MO 65203 Full Service B&M $75,850
    The Callaway Bank 2202 North Bluff Street Fulton, MO 65251 Limited, Drive-thru $0
    The Callaway Bank 3200 West Broadway Columbia, MO 65203 Full Service B&M $49,570
    The Callaway Bank 5 East Fifth Street Fulton, MO 65251 Full Service B&M $178,744
    The Callaway Bank 5600 Bull Run Drive Columbia, MO 65201 Full Service B&M $10,903

    For 2021, The Callaway Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,385
    Net interest income $15,362
    Total noninterest income $4,311
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $554
    Trading account gains and fees $0
    Additional Noninterest Income $3,757
    Pre-tax net operating income $4,321
    Securities gains (or losses, -) $17
    Income before extraordinary items $3,682
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,682
    Minority interest net income $0
    Net income $3,682
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,667

    The Callaway Bank's gross interest income from loans was $16,385,000.
    The Callaway Bank's net interest income from loans was $15,362,000.
    The Callaway Bank's fee based income from loans was $554,000.
    The Callaway Bank's net income from loans was $3,682,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,023
    Provision for credit losses $480
    Total noninterest expense $14,872
    Salaries and employee benefits $3,753
    Premises and equipment expense $976
    Additional noninterest expense $10,143
    Applicable income taxes $656
    Net charge-offs $221
    Cash dividends $749

    The Callaway Bank's interest expense for loans was $1,023,000.
    The Callaway Bank's payroll and benefits expense were $3,753,000.
    The Callaway Bank's property, plant and equipment expenses $976,000.

    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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $409,577
    Deposits held in domestic offices $409,577
    Deposits by Individuals, partnerships, and corporations $392,946
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $16,630
    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 $237,608
    Demand deposits $123,931
    Nontransaction accounts $171,968
    Money market deposit accounts (MMDAs) $80,259
    Other savings deposits (excluding MMDAs) $44,336
    Total time deposits $47,374
    Total time and savings deposits $285,645
    Noninterest-bearing deposits $123,931
    Interest-bearing deposits $285,646
    Retail deposits $397,217
    IRAs and Keogh plan accounts $3,841
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $477,405
    Cash & Balances due from depository institutions $29,168
    Interest-bearing balances $23,355
    Total securities $91,436
    Federal funds sold & reverse repurchase $1,605
    Net loans and leases $334,727
    Loan and leases loss allowance $3,954
    Trading account assets $0
    Bank premises and fixed assets $7,977
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $12,492

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $477,405
    Total Liabilities $435,922
    Total deposits $409,577
    Interest-bearing deposits $285,646
    Deposits held in domestic offices $409,577
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $23,829
    Trading liabilities $0
    Other borrowed funds $36
    Subordinated debt $0
    All other liabilities $2,480

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $334,727
    Loan and leases loss allowance $3,954
    Total loans and leases (domestic) $338,681
    All real estate loans $269,300
    Real estate loans in domestic offices $269,300
    Construction and development loans $38,886
    Residential 1-4 family construction $20,555
    Other construction, all land development and other land $18,331
    Loans secured by nonfarm nonresidential properties $82,651
    Nonfarm nonresidential secured by owner-occupied properties $42,133
    Commercial real estate & other non-farm, non-residential $40,518
    Multifamily residential real estate $6,003
    1-4 family residential loans $88,213
    Farmland loans $53,547
    Loans held in foreign offices $0
    Farm loans $16,112
    Commercial and industrial loans $39,841
    To non-U.S. addressees $0
    Loans to individuals $4,447
    Credit card loans $140
    Related Plans $232
    Consumer Auto Loans $2,368
    Other loans to individuals $1,707
    All other loans & leases $8,981
    Loans to foreign governments and official institutions $0
    Other loans $1,931
    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 $1,268
    Non 1-4 family restructured loans & leases $410
    Total loans and leases (foreign) $0

    The Callaway Bank had $334,727,000 of loans outstanding in 2021. $269,300,000 of loans were in real estate loans. $38,886,000 of loans were in development loans. $6,003,000 of loans were in multifamily mortgage loans. $88,213,000 of loans were in 1-4 family mortgage loans. $16,112,000 of loans were in farm loans. $140,000 of loans were in credit card loans. $2,368,000 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 154 $28,085 $182,370
    Nonfarm, nonresidential loans - <$100k 44 $1,864 $42,364
    Nonfarm, nonresidential loans - $100-250k 55 $7,156 $130,109
    Nonfarm, nonresidential loans - $250k-1MM 55 $19,065 $346,636
    Commercial & Industrial, US addressed loans - <$1MM 602 $36,663 $60,902
    Commercial & Industrial, US addressed loans - <$100k 467 $11,194 $23,970
    Commercial & Industrial, US addressed loans - $100-250k 98 $12,815 $130,765
    Commercial & Industrial, US addressed loans - $250k-1MM 37 $12,654 $342,000
    Farmland loans - <$1MM 165 $21,983 $133,230
    Farmland loans - <$100k 65 $2,553 $39,277
    Farmland loans - $100-250k 64 $8,845 $138,203
    Farmland loans - $250k-1MM 36 $10,585 $294,028
    Agriculture operations loans - <$1MM 145 $8,097 $55,841
    Agriculture operations loans - <$100k 120 $2,652 $22,100
    Agriculture operations loans - $100-250k 18 $2,770 $153,889
    Agriculture operations loans - $250k-1MM 7 $2,675 $382,143