The Bank Of Old Monroe Mortgage Rates, Fees & Info

Old Monroe, MO

LEI: 254900PKDTFIJ2XB1675

Tax ID: 43-0170170

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Mortgage Data

Bank Data

Review & 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 by origination volume include: St. Louis, Cape Coral, Jefferson City, Kirksville, and Hannibal among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Bank Of Old Monroe has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

274

Origination Dollar Volume (All Markets)

$57,680,000

Employee count

73

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) 261 $52,285,000 $200,326 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $3,225,000 $3,225,000 $0 0.00%
Outside of Metro Areas 9 $1,875,000 $208,333 $0 0.00%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Kirksville, MO (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Hannibal, MO (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
The Bank Of Old Monroe's top markets include St. Louis, Cape Coral, Jefferson City, Kirksville, and Hannibal among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 274 $57,680,000 $210,511 $0 0.00%

    For 2019, The Bank Of Old Monroe's most frequently originated type of loan was Conventional, with 274 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 148 $30,600,000 $206,757 $0 0.00%
    Refi 67 $17,995,000 $268,582 $0 0.00%
    Cash Out Refi 29 $5,705,000 $196,724 $0 0.00%
    Home Improvement 18 $1,800,000 $100,000 $0 0.00%
    Other 12 $1,580,000 $131,667 $0 0.00%

    For 2019, The Bank Of Old Monroe's most frequently cited loan purpose was Home Purchase, with 148 originations. The 2nd most popular reason was Refi, with 67 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 274 $57,680,000 $210,511 $0 0.00%

    For 2019, The Bank Of Old Monroe's most frequently cited loan duration was Other, with 274 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 93 $25,675,000 $276,075 $0 0.00%
    $100k-200k 89 $12,705,000 $142,753 $0 0.00%
    $100,000 or less 69 $4,525,000 $65,580 $0 0.00%
    $400k-600k 19 $8,595,000 $452,368 $0 0.00%
    $1MM+ 3 $5,405,000 $1,801,667 $0 0.00%
    $600k-1MM 1 $775,000 $775,000 $0 0.00%

    2019 saw The Bank Of Old Monroe place emphasis on $200k-400k loans with 93 originations, totaling $25,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 70 $16,040,000 $229,143 $0 0.00%
    $50k-75k 46 $7,280,000 $158,261 $0 0.00%
    $75k-100k 38 $6,790,000 $178,684 $0 0.00%
    $150k-250k 28 $7,510,000 $268,214 $0 0.00%
    $50k or less 22 $1,910,000 $86,818 $0 0.00%
    $250k+ 11 $4,005,000 $364,091 $0 0.00%

    The Bank Of Old Monroe lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $50k-75k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 274 $57,680,000 $210,511 $0 0.00%

    The Bank Of Old Monroe lent most frequently to those with DTI ratios of Exempt%, with 274 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 206 $41,680,000 $202,330 $0 0.00%
    Not applicable 57 $13,915,000 $244,123 $0 0.00%
    Not provided 6 $880,000 $146,667 $0 0.00%
    Black 4 $840,000 $210,000 $0 0.00%
    American Indian 1 $365,000 $365,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.81%

    The Bank Of Old Monroe has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.39%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 274 $57,680,000 $210,511

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $315,000 $105,000
    Multifamily:Site-Built 7 $2,195,000 $313,571
    Single Family (1-4 Units):Manufactured 5 $385,000 $77,000
    Single Family (1-4 Units):Site-Built 259 $54,785,000 $211,525

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 10 9.8%
    TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 34 33.3%
    TD BANK US HOLDING COMPANY FHA mortgage Struggling to pay mortgage 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 2 2.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 13 12.7%
    TD BANK US HOLDING COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Incorrect information on your report 2 2.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Struggling to pay mortgage 2 2.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 7 6.9%
    TD BANK US HOLDING COMPANY Reverse mortgage Closing on a mortgage 1 1.0%

    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 $77,217
    The Bank of Old Monroe 100 Market Place Drive Troy, MO 63379 Full Service B&M $18,032
    The Bank of Old Monroe 1093 Wentzville Parkway Wentzville, MO 63385 Full Service B&M $57,449
    The Bank of Old Monroe 2100 Highway C Old Monroe, MO 63369 Full Service B&M $116,333
    The Bank of Old Monroe 401 T.R. Hughes Boulevard O Fallon, MO 63366 Full Service B&M $34,084

    For 2019, The Bank Of Old Monroe had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,658
    Net interest income $14,522
    Total noninterest income $2,689
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $842
    Trading account gains and fees $0
    Additional Noninterest Income $1,847
    Pre-tax net operating income $8,342
    Securities gains (or losses, -) $407
    Income before extraordinary items $8,749
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,749
    Minority interest net income $0
    Net income $8,749
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,342

    The Bank Of Old Monroe's gross interest income from loans was $16,658,000.
    The Bank Of Old Monroe's net interest income from loans was $14,522,000.
    The Bank Of Old Monroe's fee based income from loans was $842,000.
    The Bank Of Old Monroe's net income from loans was $8,749,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,136
    Provision for credit losses $100
    Total noninterest expense $8,769
    Salaries and employee benefits $5,533
    Premises and equipment expense $1,372
    Additional noninterest expense $1,864
    Applicable income taxes $0
    Net charge-offs $-391
    Cash dividends $4,683

    The Bank Of Old Monroe's interest expense for loans was $2,136,000.
    The Bank Of Old Monroe's payroll and benefits expense were $5,533,000.
    The Bank Of Old Monroe's property, plant and equipment expenses $1,372,000.

    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 $317,879
    Deposits held in domestic offices $317,879
    Deposits by Individuals, partnerships, and corporations $310,600
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $7,279
    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 $118,263
    Demand deposits $91,153
    Nontransaction accounts $199,616
    Money market deposit accounts (MMDAs) $82,144
    Other savings deposits (excluding MMDAs) $46,019
    Total time deposits $71,453
    Total time and savings deposits $226,726
    Noninterest-bearing deposits $91,270
    Interest-bearing deposits $226,609
    Retail deposits $291,418
    IRAs and Keogh plan accounts $16,881
    Brokered deposits $14,058
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $391,852
    Cash & Balances due from depository institutions $9,003
    Interest-bearing balances $1,240
    Total securities $96,542
    Federal funds sold & reverse repurchase $3,297
    Net loans and leases $259,161
    Loan and leases loss allowance $4,773
    Trading account assets $0
    Bank premises and fixed assets $10,027
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $13,822

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $391,852
    Total Liabilities $329,864
    Total deposits $317,879
    Interest-bearing deposits $226,609
    Deposits held in domestic offices $317,879
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $10,056
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,929

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $259,161
    Loan and leases loss allowance $4,773
    Total loans and leases (domestic) $263,934
    All real estate loans $229,768
    Real estate loans in domestic offices $229,768
    Construction and development loans $54,622
    Residential 1-4 family construction $15,463
    Other construction, all land development and other land $39,159
    Loans secured by nonfarm nonresidential properties $82,700
    Nonfarm nonresidential secured by owner-occupied properties $41,864
    Commercial real estate & other non-farm, non-residential $40,836
    Multifamily residential real estate $11,121
    1-4 family residential loans $44,806
    Farmland loans $36,519
    Loans held in foreign offices $0
    Farm loans $5,682
    Commercial and industrial loans $26,315
    To non-U.S. addressees $0
    Loans to individuals $1,853
    Credit card loans $0
    Related Plans $4
    Consumer Auto Loans $658
    Other loans to individuals $1,191
    All other loans & leases $316
    Loans to foreign governments and official institutions $0
    Other loans $117
    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 $1,836
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The Bank of Old Monroe had $259,161,000 of loans outstanding in 2019. $229,768,000 of loans were in real estate loans. $54,622,000 of loans were in development loans. $11,121,000 of loans were in multifamily mortgage loans. $44,806,000 of loans were in 1-4 family mortgage loans. $5,682,000 of loans were in farm loans. $0 of loans were in credit card loans. $658,000 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 117 $21,521 $183,940
    Nonfarm, nonresidential loans - <$100k 31 $1,137 $36,677
    Nonfarm, nonresidential loans - $100-250k 34 $4,145 $121,912
    Nonfarm, nonresidential loans - $250k-1MM 52 $16,239 $312,288
    Commercial & Industrial, US addressed loans - <$1MM 316 $13,982 $44,247
    Commercial & Industrial, US addressed loans - <$100k 271 $5,520 $20,369
    Commercial & Industrial, US addressed loans - $100-250k 23 $2,727 $118,565
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $5,735 $260,682
    Farmland loans - <$1MM 132 $15,899 $120,447
    Farmland loans - <$100k 54 $2,367 $43,833
    Farmland loans - $100-250k 48 $6,224 $129,667
    Farmland loans - $250k-1MM 30 $7,308 $243,600
    Agriculture operations loans - <$1MM 115 $4,303 $37,417
    Agriculture operations loans - <$100k 98 $1,910 $19,490
    Agriculture operations loans - $100-250k 14 $1,295 $92,500
    Agriculture operations loans - $250k-1MM 3 $1,098 $366,000