The Bank Of Old Monroe Mortgage Rates, Fees & Info

Old Monroe, MO

LEI: 254900PKDTFIJ2XB1675

Tax ID: 43-0170170

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The Bank Of Old Monroe is a smaller bank specializing in Home Purchase and Refi loans. The Bank Of Old Monroe has a high proportion of conventional loans. Their top markets include St. Louis, Columbia, Jacksonville, Fort Leonard Wood, and Hannibal among others. The Bank Of Old Monroe has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

438

Origination Dollar Volume (All Markets)

$95,860,000

Employee count

76

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ST. LOUIS, MO-IL (FHA|USDA|VA) 406 $88,290,000 $217,463 $0 0.00%
Outside of Metro Areas 22 $4,860,000 $220,909 $0 0.00%
COLUMBIA, MO (FHA|USDA|VA) 3 $1,025,000 $341,667 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $705,000 $235,000 $0 0.00%
Fort Leonard Wood, MO (FHA|USDA|VA) 2 $630,000 $315,000 $0 0.00%
Hannibal, MO (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Farmington, MO (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%

The Bank Of Old Monroe's top markets include St. Louis, Columbia, Jacksonville, Fort Leonard Wood, and Hannibal among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 438 $95,860,000 $218,858 $0 0.00%

For the 2021 period, The Bank Of Old Monroe's most frequently originated loan type of loans were Conventional, with 438 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 205 $46,755,000 $228,073 $0 0.00%
Refi 130 $26,940,000 $207,231 $0 0.00%
Cash Out Refi 81 $18,955,000 $234,012 $0 0.00%
Home Improvement 13 $1,585,000 $121,923 $0 0.00%
Other 9 $1,625,000 $180,556 $0 0.00%

For the 2021, The Bank Of Old Monroe's most frequently cited loan purpose of loans were Home Purchase, with 205 originations. The 2nd most popular reason of loans were Refi, with 130 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 438 $95,860,000 $218,858 $0 0.00%

For the 2021, The Bank Of Old Monroe's most frequently cited loan length of loans were Other, with 438 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 169 $24,285,000 $143,698 $0 0.00%
$200k-400k 140 $39,030,000 $278,786 $0 0.00%
$100,000 or less 81 $5,635,000 $69,568 $0 0.00%
$400k-600k 41 $20,405,000 $497,683 $0 0.00%
$600k-1MM 6 $5,370,000 $895,000 $0 0.00%
$1MM+ 1 $1,135,000 $1,135,000 $0 0.00%

2021 saw The Bank Of Old Monroe place emphasis on $100k-200k loans with 169 originations, totaling $24,285,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 89 $22,435,000 $252,079 $0 0.00%
$50k-75k 80 $13,430,000 $167,875 $0 0.00%
$50k or less 61 $7,895,000 $129,426 $0 0.00%
$75k-100k 50 $10,390,000 $207,800 $0 0.00%
$150k-250k 45 $12,225,000 $271,667 $0 0.00%
$250k+ 30 $11,060,000 $368,667 $0 0.00%

The Bank Of Old Monroe lent most frequently to those with incomes in the $100k-150k range, with 89 originations. The second most popular income band? $50k-75k, with 80 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 438 $95,860,000 $218,858 $0 0.00%

The Bank Of Old Monroe lent most frequently to those with DTI ratios of Exempt%, with 438 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 344 $74,490,000 $216,541 $0 0.00%
Not applicable 69 $15,765,000 $228,478 $0 0.00%
Not provided 20 $4,470,000 $223,500 $0 0.00%
Black 4 $710,000 $177,500 $0 0.00%
American Indian 1 $425,000 $425,000 $0 0.00%

Approval Rates

Total approvals of all applications
90.98%

The Bank Of Old Monroe has an average approval rate.

Pick Rate

Approvals leading to origination
84.11%

The Bank Of Old Monroe has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 438 $95,860,000 $218,858

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
438 $95,860,000 $218,858

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 24 16.9%
TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 13 9.2%
TD BANK US HOLDING COMPANY Conventional home mortgage Improper use of your report 1 0.7%
TD BANK US HOLDING COMPANY Conventional home mortgage Incorrect information on your report 4 2.8%
TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 6 4.2%
TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 37 26.1%
TD BANK US HOLDING COMPANY FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.7%
TD BANK US HOLDING COMPANY FHA mortgage Struggling to pay mortgage 2 1.4%
TD BANK US HOLDING COMPANY FHA mortgage Trouble during payment process 1 0.7%
TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 15 10.6%
TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 6 4.2%
TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 1 0.7%
TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 1.4%
TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 11 7.7%
TD BANK US HOLDING COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 7 4.9%
TD BANK US HOLDING COMPANY Other type of mortgage Closing on a mortgage 1 0.7%
TD BANK US HOLDING COMPANY Other type of mortgage Struggling to pay mortgage 1 0.7%
TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 6 4.2%
TD BANK US HOLDING COMPANY VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.4%
TD BANK US HOLDING COMPANY VA mortgage Trouble during payment process 1 0.7%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
The Bank of Old Monroe #10 Freise Industrial Drive Moscow Mills, MO 63362 Full Service B&M $106,981
The Bank of Old Monroe 100 Market Place Drive Troy, MO 63379 Full Service B&M $57,425
The Bank of Old Monroe 1093 Wentzville Parkway Wentzville, MO 63385 Full Service B&M $85,457
The Bank of Old Monroe 2100 Highway C Old Monroe, MO 63369 Full Service B&M $155,512
The Bank of Old Monroe 401 T.R. Hughes Boulevard O Fallon, MO 63366 Full Service B&M $51,934

For 2021, The Bank Of Old Monroe had 5 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $18,823
Net interest income $17,312
Total noninterest income $4,375
Gross Fiduciary activities income $0
Service charges on deposit accounts $658
Trading account gains and fees $0
Additional Noninterest Income $3,717
Pre-tax net operating income $11,271
Securities gains (or losses, -) $1,102
Income before extraordinary items $12,373
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $12,373
Minority interest net income $0
Net income $12,373
Sale, conversion, retirement of capital stock, net $0
Net operating income $11,271

The Bank Of Old Monroe's gross interest income from loans was $18,823,000.
The Bank Of Old Monroe's net interest income from loans was $17,312,000.
The Bank Of Old Monroe's fee based income from loans was $658,000.
The Bank Of Old Monroe's net income from loans was $12,373,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,511
Provision for credit losses $500
Total noninterest expense $9,916
Salaries and employee benefits $6,328
Premises and equipment expense $1,411
Additional noninterest expense $2,177
Applicable income taxes $0
Net charge-offs $142
Cash dividends $14,473

The Bank Of Old Monroe's interest expense for loans was $1,511,000.
The Bank Of Old Monroe's payroll and benefits expense were $6,328,000.
The Bank Of Old Monroe's property, plant and equipment expenses $1,411,000.

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 $502,850
Deposits held in domestic offices $502,850
Deposits by Individuals, partnerships, and corporations $480,631
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $22,219
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 $217,478
Demand deposits $168,962
Nontransaction accounts $285,372
Money market deposit accounts (MMDAs) $146,395
Other savings deposits (excluding MMDAs) $77,368
Total time deposits $61,609
Total time and savings deposits $333,888
Noninterest-bearing deposits $169,095
Interest-bearing deposits $333,755
Retail deposits $486,448
IRAs and Keogh plan accounts $18,598
Brokered deposits $9,050
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $596,954
Cash & Balances due from depository institutions $24,541
Interest-bearing balances $20,342
Total securities $258,204
Federal funds sold & reverse repurchase $0
Net loans and leases $288,168
Loan and leases loss allowance $5,531
Trading account assets $0
Bank premises and fixed assets $9,690
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $16,351

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $596,954
Total Liabilities $530,803
Total deposits $502,850
Interest-bearing deposits $333,755
Deposits held in domestic offices $502,850
% insured (estimated) $74
Federal funds purchased and repurchase agreements $15,571
Trading liabilities $0
Other borrowed funds $10,000
Subordinated debt $0
All other liabilities $2,382

Issued Loan Types

Type Value (in 000's)
Net loans and leases $288,168
Loan and leases loss allowance $5,531
Total loans and leases (domestic) $293,699
All real estate loans $247,954
Real estate loans in domestic offices $247,954
Construction and development loans $74,663
Residential 1-4 family construction $22,785
Other construction, all land development and other land $51,878
Loans secured by nonfarm nonresidential properties $86,818
Nonfarm nonresidential secured by owner-occupied properties $56,130
Commercial real estate & other non-farm, non-residential $30,688
Multifamily residential real estate $5,777
1-4 family residential loans $42,777
Farmland loans $37,919
Loans held in foreign offices $0
Farm loans $5,154
Commercial and industrial loans $37,874
To non-U.S. addressees $0
Loans to individuals $2,361
Credit card loans $0
Related Plans $1
Consumer Auto Loans $743
Other loans to individuals $1,617
All other loans & leases $356
Loans to foreign governments and official institutions $0
Other loans $75
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 $1,573
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

The Bank of Old Monroe had $288,168,000 of loans outstanding in 2021. $247,954,000 of loans were in real estate loans. $74,663,000 of loans were in development loans. $5,777,000 of loans were in multifamily mortgage loans. $42,777,000 of loans were in 1-4 family mortgage loans. $5,154,000 of loans were in farm loans. $0 of loans were in credit card loans. $743,000 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 109 $22,264 $204,257
Nonfarm, nonresidential loans - <$100k 26 $1,179 $45,346
Nonfarm, nonresidential loans - $100-250k 31 $3,863 $124,613
Nonfarm, nonresidential loans - $250k-1MM 52 $17,222 $331,192
Commercial & Industrial, US addressed loans - <$1MM 348 $15,139 $43,503
Commercial & Industrial, US addressed loans - <$100k 277 $5,241 $18,921
Commercial & Industrial, US addressed loans - $100-250k 52 $5,743 $110,442
Commercial & Industrial, US addressed loans - $250k-1MM 19 $4,155 $218,684
Farmland loans - <$1MM 106 $13,027 $122,896
Farmland loans - <$100k 32 $1,075 $33,594
Farmland loans - $100-250k 44 $4,584 $104,182
Farmland loans - $250k-1MM 30 $7,368 $245,600
Agriculture operations loans - <$1MM 94 $3,677 $39,117
Agriculture operations loans - <$100k 82 $1,547 $18,866
Agriculture operations loans - $100-250k 9 $1,032 $114,667
Agriculture operations loans - $250k-1MM 3 $1,098 $366,000