Bloomsdale Bank Mortgage Rates, Fees & Info

Bloomsdale, MO

LEI: 254900KRDEAJ7MYWD034

Tax ID: 43-0169770

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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

    Bloomsdale Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Bloomsdale Bank has a high proportion of conventional loans. Bloomsdale Bank has an average proportion of conventional loans. Their top markets by origination volume include: St. Louis, Farmington, Cape Girardeau, and Branson among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bloomsdale Bank has an average approval rate when compared to the average across all lenders. They have an 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.

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    Originations

    191

    Origination Dollar Volume (All Markets)

    $32,135,000

    Employee count

    55

    Awards

    Bloomsdale Bank 30 Year Conventional Loans gold
    Show all (1) 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 104 $16,160,000 $155,385 $1,874 4.61%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 76 $14,490,000 $190,658 $1,917 5.13%
    Farmington, MO (FHA|USDA|VA) 8 $960,000 $120,000 $2,832 4.75%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
    Branson, MO (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Bloomsdale Bank's top markets include St. Louis, Farmington, Cape Girardeau, and Branson among others.

    Their top states include:
  • Missouri (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.

    WEST COMMUNITY
    Similarity Rank: 190
    United Bank of Union
    Similarity Rank: 275
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 302
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 396
    Dieterich Bank
    Similarity Rank: 442
    CapGrow Home Mortgage, LLC
    Similarity Rank: 450
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 490
    ALLTRU Federal Credit Union
    Similarity Rank: 780
    JERSEY STATE BANK
    Similarity Rank: 792
    First Mid Bank & Trust
    Similarity Rank: 1020

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 170 $27,850,000 $163,824 $0 0.00%
    Conventional 21 $4,285,000 $204,048 $1,932 4.76%

    For 2019, Bloomsdale Bank's most frequently originated type of loan was Conventional, with 170 originations. Their 2nd most popular type was Conventional, with 21 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 96 $17,740,000 $184,792 $2,062 4.64%
    Refi 47 $7,585,000 $161,383 $1,199 5.28%
    Cash Out Refi 45 $6,735,000 $149,667 $0 0.00%
    Other 2 $60,000 $30,000 $0 0.00%
    Home Improvement 1 $15,000 $15,000 $0 0.00%

    For 2019, Bloomsdale Bank's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Refi, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 171 $28,285,000 $165,409 $0 4.75%
    30 Year 13 $2,155,000 $165,769 $2,033 4.77%
    15 Year 5 $615,000 $123,000 $1,133 4.73%
    20 Year 2 $1,080,000 $540,000 $3,275 4.81%

    For 2019, Bloomsdale Bank's most frequently cited loan duration was Other, with 171 originations. The 2nd most popular length was 30 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 13 $1,555,000 $119,615
    $1k-2k 5 $1,035,000 $207,000
    $2k-3k 1 $855,000 $855,000
    $4k-5k 1 $405,000 $405,000

    Bloomsdale Bank's average total fees were $2,033, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 13 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 17 $3,195,000 $187,941
    5-6% 3 $1,035,000 $345,000
    6-7% 1 $55,000 $55,000

    During 2019, Bloomsdale Bank's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 17 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 78 $10,880,000 $139,487 $1,556 4.57%
    $200k-400k 55 $14,635,000 $266,091 $2,013 4.48%
    $100,000 or less 51 $3,265,000 $64,020 $1,550 5.17%
    $400k-600k 6 $2,500,000 $416,667 $4,952 4.69%
    $600k-1MM 1 $855,000 $855,000 $3,440 5.25%

    2019 saw Bloomsdale Bank place emphasis on $100k-200k loans with 78 originations, totaling $10,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 49 $9,485,000 $193,571 $2,016 4.55%
    $50k-75k 43 $5,665,000 $131,744 $1,624 5.20%
    $75k-100k 42 $6,840,000 $162,857 $2,126 4.75%
    $50k or less 29 $2,875,000 $99,138 $1,916 4.58%
    $150k-250k 21 $5,205,000 $247,857 $846 4.13%
    $250k+ 4 $1,780,000 $445,000 $3,440 5.25%

    Bloomsdale Bank lent most frequently to those with incomes in the $100k-150k range, with 49 originations. The second most popular income band? $50k-75k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 170 $27,850,000 $163,824 $0 0.00%
    20-30% 8 $1,000,000 $125,000 $1,507 4.95%
    <20% 4 $510,000 $127,500 $1,238 4.50%
    30-36% 4 $1,830,000 $457,500 $3,252 4.81%
    42% 2 $660,000 $330,000 $3,111 4.56%
    39% 1 $95,000 $95,000 $2,832 4.75%
    45% 1 $125,000 $125,000 $1,061 4.50%
    37% 1 $65,000 $65,000 $1,623 4.75%

    Bloomsdale Bank lent most frequently to those with DTI ratios of Exempt%, with 170 originations. The next most common DTI ratio? 20-30%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 184 $31,080,000 $168,913 $1,932 4.76%
    Asian 2 $500,000 $250,000 $0 0.00%
    Not applicable 3 $285,000 $95,000 $0 0.00%
    Not provided 1 $195,000 $195,000 $0 0.00%
    American Indian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.47%

    Bloomsdale Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.19%

    Bloomsdale Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 170 $27,850,000 $163,824
    NA 21 $4,285,000 $204,048

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $620,000 $310,000
    Single Family (1-4 Units):Manufactured 5 $305,000 $61,000
    Single Family (1-4 Units):Site-Built 184 $31,210,000 $169,620

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 6 $770,000 $128,333 $990 4.83%
    60-80% 9 $1,765,000 $196,111 $1,918 4.60%
    80-100% 5 $1,705,000 $341,000 $3,179 4.83%
    Under 20% 1 $45,000 $45,000 $1,466 5.50%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Belem Servicing LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bloomsdale Bank 100 Bailey Road Crystal City, MO 63019 Full Service B&M $43,482
    Bloomsdale Bank 100 South Scenic Drive Herculaneum, MO 63048 Full Service B&M $10,623
    Bloomsdale Bank 170 Plaza Drive Sainte Genevieve, MO 63670 Full Service B&M $9,617
    Bloomsdale Bank 55 Mill Hill Road Bloomsdale, MO 63627 Full Service B&M $101,913
    Bloomsdale Bank 695 Center Drive Sainte Genevieve, MO 63670 Full Service B&M $43,513

    For 2019, Bloomsdale Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,379
    Net interest income $8,684
    Total noninterest income $1,387
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $169
    Trading account gains and fees $0
    Additional Noninterest Income $1,218
    Pre-tax net operating income $5,526
    Securities gains (or losses, -) $15
    Income before extraordinary items $5,541
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,541
    Minority interest net income $0
    Net income $5,541
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,526

    Bloomsdale Bank's gross interest income from loans was $10,379,000.
    Bloomsdale Bank's net interest income from loans was $8,684,000.
    Bloomsdale Bank's fee based income from loans was $169,000.
    Bloomsdale Bank's net income from loans was $5,541,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,695
    Provision for credit losses $0
    Total noninterest expense $4,545
    Salaries and employee benefits $2,635
    Premises and equipment expense $502
    Additional noninterest expense $1,408
    Applicable income taxes $0
    Net charge-offs $-10
    Cash dividends $3,954

    Bloomsdale Bank's interest expense for loans was $1,695,000.
    Bloomsdale Bank's payroll and benefits expense were $2,635,000.
    Bloomsdale Bank's property, plant and equipment expenses $502,000.

    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 $197,163
    Deposits held in domestic offices $197,163
    Deposits by Individuals, partnerships, and corporations $171,608
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,555
    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 $72,962
    Demand deposits $49,384
    Nontransaction accounts $124,201
    Money market deposit accounts (MMDAs) $35,760
    Other savings deposits (excluding MMDAs) $26,056
    Total time deposits $62,385
    Total time and savings deposits $147,779
    Noninterest-bearing deposits $49,384
    Interest-bearing deposits $147,779
    Retail deposits $157,865
    IRAs and Keogh plan accounts $6,673
    Brokered deposits $6,408
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $231,636
    Cash & Balances due from depository institutions $6,110
    Interest-bearing balances $76
    Total securities $51,892
    Federal funds sold & reverse repurchase $10,141
    Net loans and leases $158,268
    Loan and leases loss allowance $1,811
    Trading account assets $0
    Bank premises and fixed assets $1,858
    Other real estate owned $608
    Goodwill and other intangibles $932
    All other assets $1,827

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $231,636
    Total Liabilities $207,675
    Total deposits $197,163
    Interest-bearing deposits $147,779
    Deposits held in domestic offices $197,163
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $512

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $158,268
    Loan and leases loss allowance $1,811
    Total loans and leases (domestic) $160,079
    All real estate loans $131,853
    Real estate loans in domestic offices $131,853
    Construction and development loans $15,304
    Residential 1-4 family construction $7,744
    Other construction, all land development and other land $7,560
    Loans secured by nonfarm nonresidential properties $62,088
    Nonfarm nonresidential secured by owner-occupied properties $10,353
    Commercial real estate & other non-farm, non-residential $51,735
    Multifamily residential real estate $0
    1-4 family residential loans $53,699
    Farmland loans $762
    Loans held in foreign offices $0
    Farm loans $169
    Commercial and industrial loans $17,105
    To non-U.S. addressees $0
    Loans to individuals $4,572
    Credit card loans $0
    Related Plans $3
    Consumer Auto Loans $4,363
    Other loans to individuals $206
    All other loans & leases $6,380
    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 $158,268,000 of loans outstanding in 2019. $131,853,000 of loans were in real estate loans. $15,304,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $53,699,000 of loans were in 1-4 family mortgage loans. $169,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,363,000 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 318 $39,141 $123,085
    Nonfarm, nonresidential loans - <$100k 167 $5,623 $33,671
    Nonfarm, nonresidential loans - $100-250k 83 $9,153 $110,277
    Nonfarm, nonresidential loans - $250k-1MM 68 $24,365 $358,309
    Commercial & Industrial, US addressed loans - <$1MM 123 $5,943 $48,317
    Commercial & Industrial, US addressed loans - <$100k 87 $1,357 $15,598
    Commercial & Industrial, US addressed loans - $100-250k 22 $1,840 $83,636
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $2,746 $196,143
    Farmland loans - <$1MM 10 $762 $76,200
    Farmland loans - <$100k 5 $91 $18,200
    Farmland loans - $100-250k 5 $671 $134,200
    Agriculture operations loans - <$1MM 3 $169 $56,333
    Agriculture operations loans - <$100k 2 $40 $20,000
    Agriculture operations loans - $100-250k 1 $129 $129,000