Unico Bank Mortgage Rates, Fees & Info

Mineral Point, MO

LEI: 254900UEAUWHP0CJXA09

Tax ID: 43-0338550

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Unico Bank is a smaller bank specializing in Home Purchase and Refi loans. Unico Bank has a high proportion of conventional loans. Their top markets by origination volume include: Paragould, Jonesboro, Farmington, St. Louis, and Kennett among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Unico 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.

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Originations

207

Origination Dollar Volume (All Markets)

$25,925,000

Employee count

130

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
Paragould, AR (FHA\|USDA\|VA)	33	$6,905,000	$209,242	$0	0.00%
Outside of Metro Areas	64	$6,610,000	$103,281	$0	0.00%
JONESBORO, AR (FHA\|USDA\|VA)	44	$4,280,000	$97,273	$0	0.00%
Farmington, MO (FHA\|USDA\|VA)	35	$4,145,000	$118,429	$0	0.00%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	15	$2,595,000	$173,000	$0	0.00%
Kennett, MO (FHA\|USDA\|VA)	12	$680,000	$56,667	$0	0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$455,000	$455,000	$0	0.00%
Batesville, AR (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	0.00%
HOT SPRINGS, AR (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	0.00%
Blytheville, AR (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	0.00%

Unico Bank's top markets include Paragould, Jonesboro, Farmington, St. Louis, and Kennett among others.

Their top states include:

Missouri (FHA|USDA|VA)

Arkansas (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	207	$25,925,000	$125,242	$0	0.00%

For 2019, Unico Bank's most frequently originated type of loan was Conventional, with 207 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	112	$17,600,000	$157,143	$0	0.00%
Refi	61	$7,165,000	$117,459	$0	0.00%
Home Improvement	22	$770,000	$35,000	$0	0.00%
Other	12	$390,000	$32,500	$0	0.00%

For 2019, Unico Bank's most frequently cited loan purpose was Home Purchase, with 112 originations. The 2nd most popular reason was Refi, with 61 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	207	$25,925,000	$125,242	$0	0.00%

For 2019, Unico Bank's most frequently cited loan duration was Other, with 207 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	132	$6,100,000	$46,212	$0	0.00%
$100k-200k	48	$6,720,000	$140,000	$0	0.00%
$200k-400k	14	$3,590,000	$256,429	$0	0.00%
$400k-600k	7	$3,085,000	$440,714	$0	0.00%
$600k-1MM	4	$3,000,000	$750,000	$0	0.00%
$1MM+	2	$3,430,000	$1,715,000	$0	0.00%

2019 saw Unico Bank place emphasis on $100,000 or less loans with 132 originations, totaling $6,100,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	57	$3,115,000	$54,649	$0	0.00%
$75k-100k	41	$3,375,000	$82,317	$0	0.00%
$50k-75k	39	$3,565,000	$91,410	$0	0.00%
$100k-150k	17	$2,635,000	$155,000	$0	0.00%
$150k-250k	14	$2,310,000	$165,000	$0	0.00%
$250k+	8	$1,480,000	$185,000	$0	0.00%

Unico Bank lent most frequently to those with incomes in the $50k or less range, with 57 originations. The second most popular income band? $75k-100k, with 41 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	207	$25,925,000	$125,242	$0	0.00%

Unico Bank lent most frequently to those with DTI ratios of Exempt%, with 207 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	177	$16,665,000	$94,153	$0	0.00%
Not applicable	28	$9,090,000	$324,643	$0	0.00%
American Indian	1	$85,000	$85,000	$0	0.00%
Not provided	1	$85,000	$85,000	$0	0.00%

Approval Rates

Total approvals of all applications
84.64%

Unico Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
90.82%

Unico Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	207	$25,925,000	$125,242

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	11	$7,295,000	$663,182
Single Family (1-4 Units):Manufactured	30	$1,330,000	$44,333
Single Family (1-4 Units):Site-Built	166	$17,300,000	$104,217

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
UNICO Bank	100 Cobean Blvd Lake City, AR 72437	Full Service B&M	$20,637
UNICO Bank	1000 E. Main Street Park Hills, MO 63601	Full Service B&M	$18,848
UNICO Bank	1001 Cedar Street Bismarck, MO 63624	Full Service B&M	$13,959
UNICO Bank	1100 North Illinois Harrisburg, AR 72432	Full Service B&M	$27,353
UNICO Bank	1115 Independence Avenue Kennett, MO 63857	Full Service B&M	$38,875
UNICO Bank	114 South Oak Street Irondale, MO 63648	Full Service B&M	$5,888
UNICO Bank	1908 Linwood Drive Paragould, AR 72450	Full Service B&M	$11,057
UNICO Bank	201 Reynolds Road Paragould, AR 72450	Full Service B&M	$1,664
UNICO Bank	210 Frisco Street Marked Tree, AR 72365	Full Service B&M	$8,282
UNICO Bank	3513 East Johnson Avenue Jonesboro, AR 72405	Full Service B&M	$5,215
UNICO Bank	400 North State Street Desloge, MO 63601	Full Service B&M	$17,977
UNICO Bank	506 West Kings Highway Paragould, AR 72450	Full Service B&M	$38,970
UNICO Bank	514 Industrial Drive Trumann, AR 72472	Full Service B&M	$17,532
UNICO Bank	625 Veterans Drive Mineral Point, MO 63660	Full Service B&M	$40,631
UNICO Bank	755 Weber Road Farmington, MO 63640	Full Service B&M	$25,140

For 2019, Unico Bank had 15 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$14,061
Net interest income	$10,326
Total noninterest income	$2,967
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$2,708
Trading account gains and fees	$0
Additional Noninterest Income	$259
Pre-tax net operating income	$1,306
Securities gains (or losses, -)	$100
Income before extraordinary items	$1,406
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$1,406
Minority interest net income	$0
Net income	$1,406
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$1,306

Unico Bank's gross interest income from loans was $14,061,000.
Unico Bank's net interest income from loans was $10,326,000.
Unico Bank's fee based income from loans was $2,708,000.
Unico Bank's net income from loans was $1,406,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,735
Provision for credit losses	$480
Total noninterest expense	$11,507
Salaries and employee benefits	$5,866
Premises and equipment expense	$1,514
Additional noninterest expense	$4,127
Applicable income taxes	$0
Net charge-offs	$378
Cash dividends	$790

Unico Bank's interest expense for loans was $3,735,000.
Unico Bank's payroll and benefits expense were $5,866,000.
Unico Bank's property, plant and equipment expenses $1,514,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	2.0%
Real Estate loans	2.0%
Construction & Land Development loans	0.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	0.0%
1-4 family residential loans	2.0%
HELOC loans	0.0%
All other family	2.0%
Commercial & industrial loans	1.0%
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	$308,790
Deposits held in domestic offices	$308,790
Deposits by Individuals, partnerships, and corporations	$281,410
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$25,951
Deposits by Commercial banks and other depository institutions in U.S.	$1,429
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$114,870
Demand deposits	$114,074
Nontransaction accounts	$193,920
Money market deposit accounts (MMDAs)	$21,919
Other savings deposits (excluding MMDAs)	$24,337
Total time deposits	$147,666
Total time and savings deposits	$194,716
Noninterest-bearing deposits	$59,810
Interest-bearing deposits	$248,980
Retail deposits	$286,068
IRAs and Keogh plan accounts	$18,078
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$338,140
Cash & Balances due from depository institutions	$25,913
Interest-bearing balances	$18,665
Total securities	$40,252
Federal funds sold & reverse repurchase	$8,245
Net loans and leases	$245,384
Loan and leases loss allowance	$1,951
Trading account assets	$0
Bank premises and fixed assets	$13,024
Other real estate owned	$920
Goodwill and other intangibles	$2,290
All other assets	$2,112

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$338,140
Total Liabilities	$309,403
Total deposits	$308,790
Interest-bearing deposits	$248,980
Deposits held in domestic offices	$308,790
% insured (estimated)	$90
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$613

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$245,384
Loan and leases loss allowance	$1,951
Total loans and leases (domestic)	$247,335
All real estate loans	$206,828
Real estate loans in domestic offices	$206,828
Construction and development loans	$24,455
Residential 1-4 family construction	$10,694
Other construction, all land development and other land	$13,761
Loans secured by nonfarm nonresidential properties	$49,497
Nonfarm nonresidential secured by owner-occupied properties	$27,162
Commercial real estate & other non-farm, non-residential	$22,335
Multifamily residential real estate	$18,680
1-4 family residential loans	$104,334
Farmland loans	$9,862
Loans held in foreign offices	$0
Farm loans	$8,803
Commercial and industrial loans	$18,781
To non-U.S. addressees	$0
Loans to individuals	$12,087
Credit card loans	$0
Related Plans	$11
Consumer Auto Loans	$5,762
Other loans to individuals	$6,314
All other loans & leases	$843
Loans to foreign governments and official institutions	$0
Other loans	$345
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	$1,525
Non 1-4 family restructured loans & leases	$1,122
Total loans and leases (foreign)	$0

Unico Bank had $245,384,000 of loans outstanding in 2019. $206,828,000 of loans were in real estate loans. $24,455,000 of loans were in development loans. $18,680,000 of loans were in multifamily mortgage loans. $104,334,000 of loans were in 1-4 family mortgage loans. $8,803,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,762,000 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	156	$22,458	$143,962
Nonfarm, nonresidential loans - <$100k	71	$2,479	$34,915
Nonfarm, nonresidential loans - $100-250k	51	$5,966	$116,980
Nonfarm, nonresidential loans - $250k-1MM	34	$14,013	$412,147
Commercial & Industrial, US addressed loans - <$1MM	264	$15,307	$57,981
Commercial & Industrial, US addressed loans - <$100k	204	$4,626	$22,676
Commercial & Industrial, US addressed loans - $100-250k	40	$5,008	$125,200
Commercial & Industrial, US addressed loans - $250k-1MM	20	$5,673	$283,650
Farmland loans - <$1MM	52	$6,415	$123,365
Farmland loans - <$100k	17	$763	$44,882
Farmland loans - $100-250k	24	$2,687	$111,958
Farmland loans - $250k-1MM	11	$2,965	$269,545
Agriculture operations loans - <$1MM	50	$2,397	$47,940
Agriculture operations loans - <$100k	44	$1,142	$25,955
Agriculture operations loans - $100-250k	4	$537	$134,250
Agriculture operations loans - $250k-1MM	2	$718	$359,000