Saints Avenue Bank Mortgage Rates, Fees & Info

New London, MO

LEI: 254900I20UVA0UYUTK38

Tax ID: 43-0605039

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Saints Avenue Bank is a smaller bank specializing in Home Purchase and Refi loans. Saints Avenue Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Hannibal, Quincy, Moberly, and Kirksville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Saints Avenue Bank 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. Saints Avenue 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.

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    Originations

    43

    Origination Dollar Volume (All Markets)

    $6,495,000

    Employee count

    24

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 12 $3,190,000 $265,833 $5,083 4.96%
    Hannibal, MO (FHA|USDA|VA) 21 $1,725,000 $82,143 $2,813 4.76%
    Quincy, IL-MO (FHA|USDA|VA) 2 $500,000 $250,000 $2,338 4.50%
    Outside of Metro Areas 4 $430,000 $107,500 $3,679 4.59%
    Moberly, MO (FHA|USDA|VA) 1 $325,000 $325,000 $3,586 4.60%
    Kirksville, MO (FHA|USDA|VA) 2 $280,000 $140,000 $2,288 4.63%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $45,000 $45,000 $2,743 4.85%
    Saints Avenue Bank's top markets include St. Louis, Hannibal, Quincy, Moberly, and Kirksville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 43 $6,495,000 $151,047 $3,403 4.78%

    For 2018, Saints Avenue Bank's most frequently originated type of loan was Conventional, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 26 $3,950,000 $151,923 $3,210 4.73%
    Refi 12 $2,090,000 $174,167 $4,084 4.84%
    Cash Out Refi 4 $400,000 $100,000 $2,709 4.75%
    Home Improvement 1 $55,000 $55,000 $0 5.50%

    For 2018, Saints Avenue Bank's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 22 $4,590,000 $208,636 $3,977 4.67%
    Other 11 $1,385,000 $125,909 $1,566 4.92%
    15 Year 5 $235,000 $47,000 $2,304 4.30%
    10 Year 2 $110,000 $55,000 $1,528 5.25%
    3 Year 2 $150,000 $75,000 $8,455 5.68%
    5 Year 1 $25,000 $25,000 $1,039 5.50%

    For 2018, Saints Avenue Bank's most frequently cited loan duration was 30 Year, with 22 originations. The 2nd most popular length was Other, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 32 $5,780,000 $180,625

    Saints Avenue Bank's average total fees were $3,977, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 32 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 32 $5,390,000 $168,438
    5-6% 7 $855,000 $122,143
    3-4% 2 $110,000 $55,000
    6-7% 2 $140,000 $70,000

    During 2018, Saints Avenue Bank's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 4-5%, with 32 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $1,070,000 $48,636 $2,463 4.81%
    $200k-400k 9 $2,355,000 $261,667 $4,894 4.73%
    $100k-200k 8 $1,070,000 $133,750 $3,983 4.85%
    $400k-600k 3 $1,385,000 $461,667 $3,544 4.50%
    $600k-1MM 1 $615,000 $615,000 $3,174 4.85%

    2018 saw Saints Avenue Bank place emphasis on $100,000 or less loans with 22 originations, totaling $1,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $1,225,000 $136,111 $3,789 4.85%
    $50k or less 8 $630,000 $78,750 $3,352 4.87%
    $250k+ 6 $1,580,000 $263,333 $3,528 4.60%
    $150k-250k 3 $1,355,000 $451,667 $2,824 4.65%
    $50k-75k 3 $175,000 $58,333 $2,832 4.17%
    $75k-100k 2 $400,000 $200,000 $5,382 4.68%

    Saints Avenue Bank lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $50k or less, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 15 $2,035,000 $135,667 $3,158 4.77%
    20-30% 7 $1,165,000 $166,429 $3,834 4.49%
    30-36% 3 $905,000 $301,667 $3,480 4.90%
    37% 2 $470,000 $235,000 $1,672 4.13%
    36% 1 $145,000 $145,000 $3,644 4.50%
    39% 1 $85,000 $85,000 $2,963 4.50%
    40% 1 $285,000 $285,000 $6,399 4.50%
    49% 1 $275,000 $275,000 $3,510 5.25%
    >60% 1 $25,000 $25,000 $8,455 6.25%

    Saints Avenue Bank lent most frequently to those with DTI ratios of <20%, with 15 originations. The next most common DTI ratio? 20-30%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 35 $5,495,000 $157,000 $3,315 4.73%
    Not applicable 8 $1,000,000 $125,000 $6,215 4.99%

    Approval Rates

    Total approvals of all applications
    86.54%

    Saints Avenue Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.35%

    Saints Avenue 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
    NA 43 $6,495,000 $151,047

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 43 $6,495,000 $151,047

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $630,000 $157,500 $4,654 5.50%
    40-60% 6 $360,000 $60,000 $2,159 4.45%
    60-80% 24 $4,090,000 $170,417 $3,616 4.74%
    80-100% 6 $1,160,000 $193,333 $3,416 4.83%
    Under 20% 3 $255,000 $85,000 $2,093 4.70%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Saints Avenue Bank 115 South Public Center, MO 63436 Full Service B&M $13,210
    Saints Avenue Bank 1650 Beale Street Saint Charles, MO 63303 Full Service B&M $11,413
    Saints Avenue Bank 390 North Veterans Road Hannibal, MO 63401 Full Service B&M $9,755
    Saints Avenue Bank 418 South Main New London, MO 63459 Full Service B&M $37,548

    For 2018, Saints Avenue Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,507
    Net interest income $3,002
    Total noninterest income $533
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $91
    Trading account gains and fees $0
    Additional Noninterest Income $442
    Pre-tax net operating income $314
    Securities gains (or losses, -) $0
    Income before extraordinary items $314
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $314
    Minority interest net income $0
    Net income $314
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $314

    Saints Avenue Bank's gross interest income from loans was $3,507,000.
    Saints Avenue Bank's net interest income from loans was $3,002,000.
    Saints Avenue Bank's fee based income from loans was $91,000.
    Saints Avenue Bank's net income from loans was $314,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $505
    Provision for credit losses $79
    Total noninterest expense $3,142
    Salaries and employee benefits $1,656
    Premises and equipment expense $475
    Additional noninterest expense $1,011
    Applicable income taxes $0
    Net charge-offs $37
    Cash dividends $0

    Saints Avenue Bank's interest expense for loans was $505,000.
    Saints Avenue Bank's payroll and benefits expense were $1,656,000.
    Saints Avenue Bank's property, plant and equipment expenses $475,000.

    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 $80,975
    Deposits held in domestic offices $80,975
    Deposits by Individuals, partnerships, and corporations $62,120
    Deposits by U.S. Government $153
    Deposits by States and political subdivisions in the U.S. $15,480
    Deposits by Commercial banks and other depository institutions in U.S. $3,222
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $41,702
    Demand deposits $11,508
    Nontransaction accounts $39,273
    Money market deposit accounts (MMDAs) $9,321
    Other savings deposits (excluding MMDAs) $9,181
    Total time deposits $20,771
    Total time and savings deposits $69,467
    Noninterest-bearing deposits $11,508
    Interest-bearing deposits $69,467
    Retail deposits $75,319
    IRAs and Keogh plan accounts $1,624
    Brokered deposits $4,478
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $88,516
    Cash & Balances due from depository institutions $4,728
    Interest-bearing balances $2,544
    Total securities $10,636
    Federal funds sold & reverse repurchase $64
    Net loans and leases $66,800
    Loan and leases loss allowance $720
    Trading account assets $0
    Bank premises and fixed assets $2,782
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $3,506

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $88,516
    Total Liabilities $81,592
    Total deposits $80,975
    Interest-bearing deposits $69,467
    Deposits held in domestic offices $80,975
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $617

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $66,800
    Loan and leases loss allowance $720
    Total loans and leases (domestic) $67,520
    All real estate loans $42,972
    Real estate loans in domestic offices $42,972
    Construction and development loans $1,872
    Residential 1-4 family construction $0
    Other construction, all land development and other land $1,872
    Loans secured by nonfarm nonresidential properties $16,756
    Nonfarm nonresidential secured by owner-occupied properties $11,575
    Commercial real estate & other non-farm, non-residential $5,181
    Multifamily residential real estate $2,432
    1-4 family residential loans $15,764
    Farmland loans $6,148
    Loans held in foreign offices $0
    Farm loans $2,288
    Commercial and industrial loans $11,765
    To non-U.S. addressees $0
    Loans to individuals $10,188
    Credit card loans $0
    Related Plans $24
    Consumer Auto Loans $266
    Other loans to individuals $9,898
    All other loans & leases $307
    Loans to foreign governments and official institutions $0
    Other loans $307
    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 $247
    Non 1-4 family restructured loans & leases $247
    Total loans and leases (foreign) $0

    Saints Avenue Bank had $66,800,000 of loans outstanding in 2018. $42,972,000 of loans were in real estate loans. $1,872,000 of loans were in development loans. $2,432,000 of loans were in multifamily mortgage loans. $15,764,000 of loans were in 1-4 family mortgage loans. $2,288,000 of loans were in farm loans. $0 of loans were in credit card loans. $266,000 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 40 $9,778 $244,450
    Nonfarm, nonresidential loans - <$100k 9 $378 $42,000
    Nonfarm, nonresidential loans - $100-250k 8 $1,002 $125,250
    Nonfarm, nonresidential loans - $250k-1MM 23 $8,398 $365,130
    Commercial & Industrial, US addressed loans - <$1MM 44 $8,471 $192,523
    Commercial & Industrial, US addressed loans - <$100k 15 $260 $17,333
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,376 $125,091
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $6,835 $379,722
    Farmland loans - <$1MM 20 $3,767 $188,350
    Farmland loans - <$100k 6 $395 $65,833
    Farmland loans - $100-250k 7 $1,092 $156,000
    Farmland loans - $250k-1MM 7 $2,280 $325,714
    Agriculture operations loans - <$1MM 15 $802 $53,467
    Agriculture operations loans - <$100k 10 $340 $34,000
    Agriculture operations loans - $100-250k 5 $462 $92,400