Bloomsdale Bank Mortgage Rates, Fees & Info

Bloomsdale, MO

LEI: 254900KRDEAJ7MYWD034

Tax ID: 43-0169770

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Mortgage Data

Bank Data

Review & Overview

Bloomsdale Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Bloomsdale Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Farmington, Cape Girardeau, Columbia, and Branson among others. We have data for 10 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.

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

324

Origination Dollar Volume (All Markets)

$58,740,000

Employee count

46

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) 134 $26,810,000 $200,075 $0 0.00%
Outside of Metro Areas 161 $26,515,000 $164,689 $0 0.00%
Farmington, MO (FHA|USDA|VA) 13 $1,675,000 $128,846 $0 0.00%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 8 $1,480,000 $185,000 $0 0.00%
COLUMBIA, MO (FHA|USDA|VA) 2 $840,000 $420,000 $0 0.00%
Branson, MO (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
JEFFERSON CITY, MO (FHA|USDA|VA) 2 $270,000 $135,000 $0 0.00%
Sikeston, MO (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Bloomsdale Bank's top markets include St. Louis, Farmington, Cape Girardeau, Columbia, and Branson among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 324 $58,740,000 $181,296 $0 0.00%

    For 2021, Bloomsdale Bank's most frequently originated type of loan was Conventional, with 324 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 125 $28,115,000 $224,920 $0 0.00%
    Cash Out Refi 99 $14,935,000 $150,859 $0 0.00%
    Refi 97 $14,965,000 $154,278 $0 0.00%
    Other 2 $680,000 $340,000 $0 0.00%
    Home Improvement 1 $45,000 $45,000 $0 0.00%

    For 2021, Bloomsdale Bank's most frequently cited loan purpose was Home Purchase, with 125 originations. The 2nd most popular reason was Cash Out Refi, with 99 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 324 $58,740,000 $181,296 $0 0.00%

    For 2021, Bloomsdale Bank's most frequently cited loan duration was Other, with 324 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 148 $21,330,000 $144,122 $0 0.00%
    $200k-400k 85 $22,735,000 $267,471 $0 0.00%
    $100,000 or less 77 $5,405,000 $70,195 $0 0.00%
    $400k-600k 13 $6,105,000 $469,615 $0 0.00%
    $1MM+ 1 $3,165,000 $3,165,000 $0 0.00%

    2021 saw Bloomsdale Bank place emphasis on $100k-200k loans with 148 originations, totaling $21,330,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 85 $17,355,000 $204,176 $0 0.00%
    $50k-75k 64 $8,680,000 $135,625 $0 0.00%
    $75k-100k 63 $9,545,000 $151,508 $0 0.00%
    $50k or less 44 $4,770,000 $108,409 $0 0.00%
    $150k-250k 42 $9,760,000 $232,381 $0 0.00%
    $250k+ 12 $3,710,000 $309,167 $0 0.00%

    Bloomsdale Bank lent most frequently to those with incomes in the $100k-150k range, with 85 originations. The second most popular income band? $50k-75k, with 64 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 324 $58,740,000 $181,296 $0 0.00%

    Bloomsdale Bank lent most frequently to those with DTI ratios of Exempt%, with 324 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 308 $53,120,000 $172,468 $0 0.00%
    Not applicable 14 $4,920,000 $351,429 $0 0.00%
    Asian 1 $445,000 $445,000 $0 0.00%
    American Indian 1 $255,000 $255,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.55%

    Bloomsdale Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.90%

    Bloomsdale Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 324 $58,740,000 $181,296

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    324 $58,740,000 $181,296

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Belem Servicing LLC Other type of mortgage Closing on a 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 $76,783
    Bloomsdale Bank 100 South Scenic Drive Herculaneum, MO 63048 Full Service B&M $22,823
    Bloomsdale Bank 170 Plaza Drive Sainte Genevieve, MO 63670 Full Service B&M $14,610
    Bloomsdale Bank 55 Mill Hill Road Bloomsdale, MO 63627 Full Service B&M $107,887
    Bloomsdale Bank 695 Center Drive Sainte Genevieve, MO 63670 Full Service B&M $59,357

    For 2021, Bloomsdale Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,191
    Net interest income $9,113
    Total noninterest income $1,811
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $151
    Trading account gains and fees $0
    Additional Noninterest Income $1,660
    Pre-tax net operating income $5,683
    Securities gains (or losses, -) $121
    Income before extraordinary items $5,804
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,804
    Minority interest net income $0
    Net income $5,804
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,683

    Bloomsdale Bank's gross interest income from loans was $10,191,000.
    Bloomsdale Bank's net interest income from loans was $9,113,000.
    Bloomsdale Bank's fee based income from loans was $151,000.
    Bloomsdale Bank's net income from loans was $5,804,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,078
    Provision for credit losses $0
    Total noninterest expense $5,241
    Salaries and employee benefits $2,964
    Premises and equipment expense $392
    Additional noninterest expense $1,885
    Applicable income taxes $0
    Net charge-offs $41
    Cash dividends $6,232

    Bloomsdale Bank's interest expense for loans was $1,078,000.
    Bloomsdale Bank's payroll and benefits expense were $2,964,000.
    Bloomsdale Bank's property, plant and equipment expenses $392,000.

    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 2.0%
    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 $287,436
    Deposits held in domestic offices $287,436
    Deposits by Individuals, partnerships, and corporations $243,290
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $44,146
    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 $113,603
    Demand deposits $78,891
    Nontransaction accounts $173,833
    Money market deposit accounts (MMDAs) $58,008
    Other savings deposits (excluding MMDAs) $42,227
    Total time deposits $73,597
    Total time and savings deposits $208,545
    Noninterest-bearing deposits $78,891
    Interest-bearing deposits $208,545
    Retail deposits $241,338
    IRAs and Keogh plan accounts $6,300
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $314,377
    Cash & Balances due from depository institutions $9,643
    Interest-bearing balances $808
    Total securities $122,440
    Federal funds sold & reverse repurchase $18,294
    Net loans and leases $158,433
    Loan and leases loss allowance $2,311
    Trading account assets $0
    Bank premises and fixed assets $2,476
    Other real estate owned $0
    Goodwill and other intangibles $1,333
    All other assets $1,758

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $314,377
    Total Liabilities $287,761
    Total deposits $287,436
    Interest-bearing deposits $208,545
    Deposits held in domestic offices $287,436
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $325

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $158,433
    Loan and leases loss allowance $2,311
    Total loans and leases (domestic) $160,744
    All real estate loans $129,976
    Real estate loans in domestic offices $129,976
    Construction and development loans $12,550
    Residential 1-4 family construction $11,015
    Other construction, all land development and other land $1,535
    Loans secured by nonfarm nonresidential properties $63,174
    Nonfarm nonresidential secured by owner-occupied properties $15,059
    Commercial real estate & other non-farm, non-residential $48,115
    Multifamily residential real estate $0
    1-4 family residential loans $51,512
    Farmland loans $2,740
    Loans held in foreign offices $0
    Farm loans $551
    Commercial and industrial loans $17,403
    To non-U.S. addressees $0
    Loans to individuals $3,950
    Credit card loans $0
    Related Plans $11
    Consumer Auto Loans $3,654
    Other loans to individuals $285
    All other loans & leases $8,864
    Loans to foreign governments and official institutions $0
    Other loans $68
    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 $158,433,000 of loans outstanding in 2021. $129,976,000 of loans were in real estate loans. $12,550,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $51,512,000 of loans were in 1-4 family mortgage loans. $551,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,654,000 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 311 $37,352 $120,103
    Nonfarm, nonresidential loans - <$100k 164 $5,349 $32,616
    Nonfarm, nonresidential loans - $100-250k 82 $8,950 $109,146
    Nonfarm, nonresidential loans - $250k-1MM 65 $23,053 $354,662
    Commercial & Industrial, US addressed loans - <$1MM 131 $9,282 $70,855
    Commercial & Industrial, US addressed loans - <$100k 85 $1,481 $17,424
    Commercial & Industrial, US addressed loans - $100-250k 21 $1,705 $81,190
    Commercial & Industrial, US addressed loans - $250k-1MM 25 $6,096 $243,840
    Farmland loans - <$1MM 15 $2,740 $182,667
    Farmland loans - <$100k 4 $35 $8,750
    Farmland loans - $100-250k 11 $2,705 $245,909
    Agriculture operations loans - <$1MM 18 $550 $30,556
    Agriculture operations loans - <$100k 16 $221 $13,813
    Agriculture operations loans - $100-250k 2 $329 $164,500