Unico Bank Mortgage Rates, Fees & Info

Mineral Point, MO

LEI: 254900UEAUWHP0CJXA09

Tax ID: 43-0338550

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    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: Jonesboro, Farmington, Paragould, Kennett, and St. Louis among others. We have data for 9 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.

    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

    261

    Origination Dollar Volume (All Markets)

    $40,785,000

    Employee count

    127

    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
    JONESBORO, AR (FHA|USDA|VA) 77 $17,585,000 $228,377 $0 0.00%
    Outside of Metro Areas 89 $10,645,000 $119,607 $0 0.00%
    Farmington, MO (FHA|USDA|VA) 50 $6,070,000 $121,400 $0 0.00%
    Paragould, AR (FHA|USDA|VA) 31 $3,065,000 $98,871 $0 0.00%
    Kennett, MO (FHA|USDA|VA) 5 $1,695,000 $339,000 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 6 $1,420,000 $236,667 $0 0.00%
    Mountain Home, AR (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Batesville, AR (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Unico Bank's top markets include Jonesboro, Farmington, Paragould, Kennett, and St. Louis among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 261 $40,785,000 $156,264 $0 0.00%

    For 2020, Unico Bank's most frequently originated type of loan was Conventional, with 261 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 127 $23,925,000 $188,386 $0 0.00%
    Refi 95 $15,265,000 $160,684 $0 0.00%
    Home Improvement 25 $755,000 $30,200 $0 0.00%
    Other 14 $840,000 $60,000 $0 0.00%

    For 2020, Unico Bank's most frequently cited loan purpose was Home Purchase, with 127 originations. The 2nd most popular reason was Refi, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 261 $40,785,000 $156,264 $0 0.00%

    For 2020, Unico Bank's most frequently cited loan duration was Other, with 261 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 144 $7,040,000 $48,889 $0 0.00%
    $100k-200k 77 $10,785,000 $140,065 $0 0.00%
    $200k-400k 22 $5,840,000 $265,455 $0 0.00%
    $400k-600k 8 $3,800,000 $475,000 $0 0.00%
    $1MM+ 6 $10,170,000 $1,695,000 $0 0.00%
    $600k-1MM 4 $3,150,000 $787,500 $0 0.00%

    2020 saw Unico Bank place emphasis on $100,000 or less loans with 144 originations, totaling $7,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 55 $5,265,000 $95,727 $0 0.00%
    $75k-100k 46 $4,760,000 $103,478 $0 0.00%
    $50k or less 44 $2,540,000 $57,727 $0 0.00%
    $100k-150k 25 $2,375,000 $95,000 $0 0.00%
    $150k-250k 17 $2,415,000 $142,059 $0 0.00%
    $250k+ 11 $7,085,000 $644,091 $0 0.00%

    Unico Bank lent most frequently to those with incomes in the $50k-75k range, with 55 originations. The second most popular income band? $75k-100k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 261 $40,785,000 $156,264 $0 0.00%

    Unico Bank lent most frequently to those with DTI ratios of Exempt%, with 261 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 198 $24,090,000 $121,667 $0 0.00%
    Not applicable 58 $16,040,000 $276,552 $0 0.00%
    Black 4 $350,000 $87,500 $0 0.00%
    Not provided 1 $305,000 $305,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.91%

    Unico Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.80%

    Unico Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 261 $40,785,000 $156,264

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $595,000 $198,333
    Multifamily:Site-Built 19 $11,855,000 $623,947
    Single Family (1-4 Units):Manufactured 25 $1,365,000 $54,600
    Single Family (1-4 Units):Site-Built 214 $26,970,000 $126,028

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Unico Bank 100 Cobean Blvd Lake City, AR 72437 Full Service B&M $21,710
    Unico Bank 1000 E. Main Street Park Hills, MO 63601 Full Service B&M $19,733
    Unico Bank 1001 Cedar Street Bismarck, MO 63624 Full Service B&M $14,402
    Unico Bank 1100 North Illinois Harrisburg, AR 72432 Full Service B&M $25,857
    Unico Bank 1115 Independence Avenue Kennett, MO 63857 Full Service B&M $53,205
    Unico Bank 114 South Oak Street Irondale, MO 63648 Full Service B&M $5,419
    Unico Bank 1908 Linwood Drive Paragould, AR 72450 Full Service B&M $15,482
    Unico Bank 201 Reynolds Road Paragould, AR 72450 Full Service B&M $1,953
    Unico Bank 210 Frisco Street Marked Tree, AR 72365 Full Service B&M $15,944
    Unico Bank 3513 East Johnson Avenue Jonesboro, AR 72405 Full Service B&M $11,523
    Unico Bank 400 North State Street Desloge, MO 63601 Full Service B&M $18,786
    Unico Bank 506 West Kings Highway Paragould, AR 72450 Full Service B&M $40,204
    Unico Bank 514 Industrial Drive Trumann, AR 72472 Full Service B&M $17,477
    Unico Bank 625 Veterans Drive Mineral Point, MO 63660 Full Service B&M $44,547
    Unico Bank 755 Weber Road Farmington, MO 63640 Full Service B&M $27,716

    For 2020, Unico Bank had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,611
    Net interest income $11,966
    Total noninterest income $2,986
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,589
    Trading account gains and fees $0
    Additional Noninterest Income $397
    Pre-tax net operating income $2,455
    Securities gains (or losses, -) $72
    Income before extraordinary items $2,527
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,527
    Minority interest net income $0
    Net income $2,527
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,455

    Unico Bank's gross interest income from loans was $15,611,000.
    Unico Bank's net interest income from loans was $11,966,000.
    Unico Bank's fee based income from loans was $2,589,000.
    Unico Bank's net income from loans was $2,527,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,645
    Provision for credit losses $546
    Total noninterest expense $11,951
    Salaries and employee benefits $6,169
    Premises and equipment expense $1,493
    Additional noninterest expense $4,289
    Applicable income taxes $0
    Net charge-offs $408
    Cash dividends $1,030

    Unico Bank's interest expense for loans was $3,645,000.
    Unico Bank's payroll and benefits expense were $6,169,000.
    Unico Bank's property, plant and equipment expenses $1,493,000.

    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 4.0%
    All other family 2.0%
    Commercial & industrial loans 1.0%
    Personal loans 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 2.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $345,949
    Deposits held in domestic offices $345,949
    Deposits by Individuals, partnerships, and corporations $325,565
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $19,677
    Deposits by Commercial banks and other depository institutions in U.S. $707
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $146,271
    Demand deposits $145,011
    Nontransaction accounts $199,678
    Money market deposit accounts (MMDAs) $24,473
    Other savings deposits (excluding MMDAs) $31,300
    Total time deposits $143,905
    Total time and savings deposits $200,938
    Noninterest-bearing deposits $86,868
    Interest-bearing deposits $259,081
    Retail deposits $327,490
    IRAs and Keogh plan accounts $17,600
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $377,187
    Cash & Balances due from depository institutions $38,199
    Interest-bearing balances $28,150
    Total securities $30,197
    Federal funds sold & reverse repurchase $0
    Net loans and leases $291,617
    Loan and leases loss allowance $2,089
    Trading account assets $0
    Bank premises and fixed assets $12,640
    Other real estate owned $133
    Goodwill and other intangibles $2,233
    All other assets $2,168

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $377,187
    Total Liabilities $346,841
    Total deposits $345,949
    Interest-bearing deposits $259,081
    Deposits held in domestic offices $345,949
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $892

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $291,617
    Loan and leases loss allowance $2,089
    Total loans and leases (domestic) $293,706
    All real estate loans $241,354
    Real estate loans in domestic offices $241,354
    Construction and development loans $30,651
    Residential 1-4 family construction $13,729
    Other construction, all land development and other land $16,922
    Loans secured by nonfarm nonresidential properties $69,004
    Nonfarm nonresidential secured by owner-occupied properties $30,448
    Commercial real estate & other non-farm, non-residential $38,556
    Multifamily residential real estate $21,179
    1-4 family residential loans $110,175
    Farmland loans $10,345
    Loans held in foreign offices $0
    Farm loans $8,268
    Commercial and industrial loans $28,804
    To non-U.S. addressees $0
    Loans to individuals $14,227
    Credit card loans $0
    Related Plans $9
    Consumer Auto Loans $7,468
    Other loans to individuals $6,750
    All other loans & leases $1,058
    Loans to foreign governments and official institutions $0
    Other loans $176
    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 $632
    Non 1-4 family restructured loans & leases $90
    Total loans and leases (foreign) $0

    Unico Bank had $291,617,000 of loans outstanding in 2020. $241,354,000 of loans were in real estate loans. $30,651,000 of loans were in development loans. $21,179,000 of loans were in multifamily mortgage loans. $110,175,000 of loans were in 1-4 family mortgage loans. $8,268,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,468,000 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 164 $25,548 $155,780
    Nonfarm, nonresidential loans - <$100k 71 $2,333 $32,859
    Nonfarm, nonresidential loans - $100-250k 51 $6,007 $117,784
    Nonfarm, nonresidential loans - $250k-1MM 42 $17,208 $409,714
    Commercial & Industrial, US addressed loans - <$1MM 425 $24,564 $57,798
    Commercial & Industrial, US addressed loans - <$100k 335 $7,674 $22,907
    Commercial & Industrial, US addressed loans - $100-250k 63 $7,855 $124,683
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $9,035 $334,630
    Farmland loans - <$1MM 56 $6,595 $117,768
    Farmland loans - <$100k 20 $1,149 $57,450
    Farmland loans - $100-250k 28 $3,591 $128,250
    Farmland loans - $250k-1MM 8 $1,855 $231,875
    Agriculture operations loans - <$1MM 55 $2,831 $51,473
    Agriculture operations loans - <$100k 47 $1,126 $23,957
    Agriculture operations loans - $100-250k 5 $759 $151,800
    Agriculture operations loans - $250k-1MM 3 $946 $315,333