Bloomsdale Bank Mortgage Rates, Fees & Info

Bloomsdale, MO

LEI: 254900KRDEAJ7MYWD034

Tax ID: 43-0169770

Latest/2023 | 2022 Data | 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
  • 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

    Bloomsdale Bank is a smaller bank specializing in Home Purchase loans. Bloomsdale Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Farmington, Tampa, Carbondale, and Branson among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bloomsdale Bank 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. Bloomsdale 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.


    Originations

    168

    Origination Dollar Volume (All Markets)

    $24,250,000

    Employee count

    52

    Awards

    Bloomsdale Bank 30 Year Conventional Loans gold Bloomsdale Bank 30 Year Conventional Loans silver Bloomsdale Bank 30 Year Conventional 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
    Outside of Metro Areas 81 $11,235,000 $138,704 $1,676 4.62%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 70 $10,830,000 $154,714 $2,159 4.65%
    Farmington, MO (FHA|USDA|VA) 10 $850,000 $85,000 $2,208 4.73%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $315,000 $315,000 $4,073 4.75%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $305,000 $305,000 $2,905 4.88%
    Branson, MO (FHA|USDA|VA) 2 $260,000 $130,000 $2,804 4.63%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 2 $250,000 $125,000 $945 5.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $205,000 $205,000 $4,701 4.88%
    Bloomsdale Bank's top markets include St. Louis, Farmington, Tampa, Carbondale, and Branson among others.

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

    • Similar Lenders

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

    Ozarks Federal Savings and Loan Association
    Similarity Rank: 100
    Community Bank of Trenton
    Similarity Rank: 108
    First National Bank of Waterloo
    Similarity Rank: 200
    RELIANCE BANK
    Similarity Rank: 238
    CapGrow Home Mortgage, LLC
    Similarity Rank: 272
    JERSEY STATE BANK
    Similarity Rank: 354
    Farmers and Merchants Bank of St. Clair
    Similarity Rank: 408
    United Bank of Union
    Similarity Rank: 415
    HNB National Bank
    Similarity Rank: 576
    Bank of Hillsboro
    Similarity Rank: 679

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 168 $24,250,000 $144,345 $1,957 4.65%

    For 2018, Bloomsdale Bank's most frequently originated type of loan was Conventional, with 168 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 105 $17,455,000 $166,238 $2,070 4.70%
    Refi 33 $3,605,000 $109,242 $1,345 4.64%
    Cash Out Refi 22 $2,860,000 $130,000 $2,464 4.32%
    Home Improvement 5 $195,000 $39,000 $978 4.90%
    Other 3 $135,000 $45,000 $1,137 5.00%

    For 2018, Bloomsdale Bank's most frequently cited loan purpose was Home Purchase, with 105 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 96 $17,320,000 $180,417 $2,158 4.63%
    15 Year 32 $4,110,000 $128,438 $1,509 4.20%
    5 Year 13 $755,000 $58,077 $815 5.38%
    20 Year 11 $1,165,000 $105,909 $1,912 4.57%
    3 Year 6 $430,000 $71,667 $0 5.29%
    1 Year 4 $160,000 $40,000 $1,131 5.13%
    Other 3 $175,000 $58,333 $969 5.42%
    10 Year 3 $135,000 $45,000 $1,184 4.33%

    For 2018, Bloomsdale Bank's most frequently cited loan duration was 30 Year, with 96 originations. The 2nd most popular length was 15 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 94 $11,680,000 $124,255
    $1k-2k 35 $7,235,000 $206,714
    $2k-3k 10 $2,830,000 $283,000
    $3k-4k 5 $1,015,000 $203,000

    Bloomsdale Bank's average total fees were $2,158, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 94 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 124 $19,760,000 $159,355
    5-6% 24 $1,550,000 $64,583
    3-4% 18 $2,830,000 $157,222
    6-7% 2 $110,000 $55,000

    During 2018, Bloomsdale Bank's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 4-5%, with 124 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 74 $10,220,000 $138,108 $1,971 4.52%
    $100,000 or less 57 $3,205,000 $56,228 $1,346 4.89%
    $200k-400k 30 $7,700,000 $256,667 $2,508 4.49%
    $400k-600k 7 $3,125,000 $446,429 $2,593 4.63%

    2018 saw Bloomsdale Bank place emphasis on $100k-200k loans with 74 originations, totaling $10,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 46 $7,510,000 $163,261 $2,140 4.55%
    $50k-75k 33 $3,695,000 $111,970 $1,794 4.69%
    $50k or less 32 $2,730,000 $85,313 $1,732 4.62%
    $75k-100k 32 $4,560,000 $142,500 $1,968 4.68%
    $150k-250k 15 $4,145,000 $276,333 $2,245 4.44%
    $250k+ 2 $1,010,000 $505,000 $1,986 4.56%

    Bloomsdale Bank lent most frequently to those with incomes in the $100k-150k range, with 46 originations. The second most popular income band? $50k-75k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 57 $9,475,000 $166,228 $1,960 4.55%
    <20% 34 $3,370,000 $99,118 $1,539 4.65%
    30-36% 25 $3,645,000 $145,800 $2,061 4.57%
    41% 7 $995,000 $142,143 $2,705 4.75%
    38% 7 $725,000 $103,571 $1,336 4.63%
    37% 6 $730,000 $121,667 $1,924 4.67%
    44% 4 $600,000 $150,000 $2,549 4.72%
    39% 4 $670,000 $167,500 $2,713 5.00%
    50-60% 3 $305,000 $101,667 $2,437 5.04%
    42% 3 $805,000 $268,333 $2,968 4.38%
    46% 3 $605,000 $201,667 $1,990 4.38%
    45% 2 $570,000 $285,000 $2,118 4.81%
    40% 2 $220,000 $110,000 $1,928 4.38%
    43% 2 $500,000 $250,000 $2,677 4.75%
    36% 1 $165,000 $165,000 $1,087 4.75%
    47% 1 $285,000 $285,000 $1,208 4.13%

    Bloomsdale Bank lent most frequently to those with DTI ratios of 20-30%, with 57 originations. The next most common DTI ratio? <20%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 161 $23,665,000 $146,988 $1,957 4.61%
    Not applicable 7 $585,000 $83,571 $0 5.46%

    Approval Rates

    Total approvals of all applications
    90.45%

    Bloomsdale Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.86%

    Bloomsdale Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 168 $24,250,000 $144,345

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $165,000 $165,000
    Single Family (1-4 Units):Manufactured 10 $550,000 $55,000
    Single Family (1-4 Units):Site-Built 157 $23,535,000 $149,904

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $1,070,000 $53,500 $1,258 4.88%
    40-60% 22 $2,510,000 $114,091 $1,194 4.64%
    60-80% 75 $12,265,000 $163,533 $2,185 4.58%
    80-100% 45 $8,045,000 $178,778 $2,244 4.60%
    Under 20% 5 $285,000 $57,000 $776 5.25%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bloomsdale Bank 100 Bailey Road Crystal City, MO 63019 Full Service B&M $43,848
    Bloomsdale Bank 100 South Scenic Drive Herculaneum, MO 63048 Full Service B&M $12,280
    Bloomsdale Bank 170 Plaza Drive Sainte Genevieve, MO 63670 Full Service B&M $10,828
    Bloomsdale Bank 55 Mill Hill Road Bloomsdale, MO 63627 Full Service B&M $96,728
    Bloomsdale Bank 695 Center Drive Sainte Genevieve, MO 63670 Full Service B&M $38,651

    For 2018, Bloomsdale Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,651
    Net interest income $8,665
    Total noninterest income $1,122
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $162
    Trading account gains and fees $0
    Additional Noninterest Income $960
    Pre-tax net operating income $5,238
    Securities gains (or losses, -) $-168
    Income before extraordinary items $5,070
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,070
    Minority interest net income $0
    Net income $5,070
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,238

    Bloomsdale Bank's gross interest income from loans was $9,651,000.
    Bloomsdale Bank's net interest income from loans was $8,665,000.
    Bloomsdale Bank's fee based income from loans was $162,000.
    Bloomsdale Bank's net income from loans was $5,070,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $986
    Provision for credit losses $0
    Total noninterest expense $4,549
    Salaries and employee benefits $2,524
    Premises and equipment expense $629
    Additional noninterest expense $1,396
    Applicable income taxes $0
    Net charge-offs $181
    Cash dividends $6,490

    Bloomsdale Bank's interest expense for loans was $986,000.
    Bloomsdale Bank's payroll and benefits expense were $2,524,000.
    Bloomsdale Bank's property, plant and equipment expenses $629,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $203,598
    Deposits held in domestic offices $203,598
    Deposits by Individuals, partnerships, and corporations $178,494
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,104
    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 $64,225
    Demand deposits $42,591
    Nontransaction accounts $139,373
    Money market deposit accounts (MMDAs) $37,629
    Other savings deposits (excluding MMDAs) $25,250
    Total time deposits $76,494
    Total time and savings deposits $161,007
    Noninterest-bearing deposits $42,591
    Interest-bearing deposits $161,007
    Retail deposits $147,527
    IRAs and Keogh plan accounts $6,222
    Brokered deposits $11,106
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $224,420
    Cash & Balances due from depository institutions $5,220
    Interest-bearing balances $64
    Total securities $56,868
    Federal funds sold & reverse repurchase $2,749
    Net loans and leases $155,100
    Loan and leases loss allowance $1,801
    Trading account assets $0
    Bank premises and fixed assets $1,900
    Other real estate owned $599
    Goodwill and other intangibles $833
    All other assets $1,151

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $224,420
    Total Liabilities $204,062
    Total deposits $203,598
    Interest-bearing deposits $161,007
    Deposits held in domestic offices $203,598
    % insured (estimated) $62
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $464

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $155,100
    Loan and leases loss allowance $1,801
    Total loans and leases (domestic) $156,901
    All real estate loans $129,636
    Real estate loans in domestic offices $129,636
    Construction and development loans $19,898
    Residential 1-4 family construction $10,284
    Other construction, all land development and other land $9,614
    Loans secured by nonfarm nonresidential properties $52,603
    Nonfarm nonresidential secured by owner-occupied properties $9,307
    Commercial real estate & other non-farm, non-residential $43,296
    Multifamily residential real estate $0
    1-4 family residential loans $56,246
    Farmland loans $889
    Loans held in foreign offices $0
    Farm loans $230
    Commercial and industrial loans $16,913
    To non-U.S. addressees $0
    Loans to individuals $3,855
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,676
    Other loans to individuals $179
    All other loans & leases $6,267
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Bloomsdale Bank had $155,100,000 of loans outstanding in 2018. $129,636,000 of loans were in real estate loans. $19,898,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $56,246,000 of loans were in 1-4 family mortgage loans. $230,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,676,000 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 191 $12,411 $64,979
    Nonfarm, nonresidential loans - <$100k 146 $4,771 $32,678
    Nonfarm, nonresidential loans - $100-250k 31 $3,493 $112,677
    Nonfarm, nonresidential loans - $250k-1MM 14 $4,147 $296,214
    Commercial & Industrial, US addressed loans - <$1MM 174 $14,107 $81,075
    Commercial & Industrial, US addressed loans - <$100k 136 $6,837 $50,272
    Commercial & Industrial, US addressed loans - $100-250k 22 $2,506 $113,909
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $4,764 $297,750
    Farmland loans - <$1MM 11 $889 $80,818
    Farmland loans - <$100k 6 $181 $30,167
    Farmland loans - $100-250k 5 $708 $141,600
    Agriculture operations loans - <$1MM 4 $220 $55,000
    Agriculture operations loans - <$100k 3 $112 $37,333
    Agriculture operations loans - $100-250k 1 $108 $108,000