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: Farmington, Jonesboro, Paragould, St. Louis, and Cape Coral among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Unico 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

    254

    Origination Dollar Volume (All Markets)

    $51,020,000

    Employee count

    138

    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
    Farmington, MO (FHA|USDA|VA) 57 $17,005,000 $298,333 $0 0.00%
    JONESBORO, AR (FHA|USDA|VA) 54 $10,370,000 $192,037 $0 0.00%
    Outside of Metro Areas 72 $8,810,000 $122,361 $0 0.00%
    Paragould, AR (FHA|USDA|VA) 45 $6,755,000 $150,111 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 8 $2,210,000 $276,250 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $2,105,000 $2,105,000 $0 0.00%
    Kennett, MO (FHA|USDA|VA) 10 $1,680,000 $168,000 $0 0.00%
    Blytheville, AR (FHA|USDA|VA) 2 $960,000 $480,000 $0 0.00%
    Mountain Home, AR (FHA|USDA|VA) 3 $795,000 $265,000 $0 0.00%
    Batesville, AR (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Poplar Bluff, MO (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Unico Bank's top markets include Farmington, Jonesboro, Paragould, St. Louis, and Cape Coral 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 254 $51,020,000 $200,866 $0 0.00%

    For 2021, Unico Bank's most frequently originated type of loan was Conventional, with 254 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 160 $34,090,000 $213,063 $0 0.00%
    Refi 75 $15,835,000 $211,133 $0 0.00%
    Home Improvement 13 $525,000 $40,385 $0 0.00%
    Other 6 $570,000 $95,000 $0 0.00%

    For 2021, Unico Bank's most frequently cited loan purpose was Home Purchase, with 160 originations. The 2nd most popular reason was Refi, with 75 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 254 $51,020,000 $200,866 $0 0.00%

    For 2021, Unico Bank's most frequently cited loan duration was Other, with 254 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 132 $6,960,000 $52,727 $0 0.00%
    $100k-200k 70 $9,850,000 $140,714 $0 0.00%
    $200k-400k 34 $9,090,000 $267,353 $0 0.00%
    $1MM+ 8 $18,630,000 $2,328,750 $0 0.00%
    $600k-1MM 6 $4,290,000 $715,000 $0 0.00%
    $400k-600k 4 $2,200,000 $550,000 $0 0.00%

    2021 saw Unico Bank place emphasis on $100,000 or less loans with 132 originations, totaling $6,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 59 $3,995,000 $67,712 $0 0.00%
    $50k-75k 48 $4,340,000 $90,417 $0 0.00%
    $75k-100k 30 $3,710,000 $123,667 $0 0.00%
    $100k-150k 29 $4,525,000 $156,034 $0 0.00%
    $150k-250k 12 $2,900,000 $241,667 $0 0.00%
    $250k+ 9 $3,005,000 $333,889 $0 0.00%

    Unico Bank lent most frequently to those with incomes in the $50k or less range, with 59 originations. The second most popular income band? $50k-75k, with 48 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 254 $51,020,000 $200,866 $0 0.00%

    Unico Bank lent most frequently to those with DTI ratios of Exempt%, with 254 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 59 $26,995,000 $457,542 $0 0.00%
    White 193 $23,075,000 $119,560 $0 0.00%
    Black 1 $585,000 $585,000 $0 0.00%
    Not provided 1 $365,000 $365,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.38%

    Unico Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.46%

    Unico Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 254 $51,020,000 $200,866

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    254 $51,020,000 $200,866

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Unico Bank 100 Cobean Blvd Lake City, AR 72437 Full Service B&M $27,361
    Unico Bank 1000 E. Main Street Park Hills, MO 63601 Full Service B&M $22,257
    Unico Bank 1001 Cedar Street Bismarck, MO 63624 Full Service B&M $16,475
    Unico Bank 1100 North Illinois Harrisburg, AR 72432 Full Service B&M $27,931
    Unico Bank 1115 Independence Avenue Kennett, MO 63857 Full Service B&M $54,253
    Unico Bank 114 South Oak Street Irondale, MO 63648 Full Service B&M $5,948
    Unico Bank 1908 Linwood Drive Paragould, AR 72450 Full Service B&M $17,135
    Unico Bank 201 Reynolds Road Paragould, AR 72450 Full Service B&M $1,433
    Unico Bank 210 Frisco Street Marked Tree, AR 72365 Full Service B&M $11,537
    Unico Bank 3513 East Johnson Avenue Jonesboro, AR 72405 Full Service B&M $11,106
    Unico Bank 400 North State Street Desloge, MO 63601 Full Service B&M $20,007
    Unico Bank 506 West Kings Highway Paragould, AR 72450 Full Service B&M $48,206
    Unico Bank 514 Industrial Drive Trumann, AR 72472 Full Service B&M $21,100
    Unico Bank 625 Veterans Drive Mineral Point, MO 63660 Full Service B&M $45,644
    Unico Bank 755 Weber Road Farmington, MO 63640 Full Service B&M $33,342

    For 2021, Unico Bank had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,732
    Net interest income $15,372
    Total noninterest income $3,438
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,023
    Trading account gains and fees $0
    Additional Noninterest Income $415
    Pre-tax net operating income $4,651
    Securities gains (or losses, -) $15
    Income before extraordinary items $4,666
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,666
    Minority interest net income $0
    Net income $4,666
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,651

    Unico Bank's gross interest income from loans was $17,732,000.
    Unico Bank's net interest income from loans was $15,372,000.
    Unico Bank's fee based income from loans was $3,023,000.
    Unico Bank's net income from loans was $4,666,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,360
    Provision for credit losses $665
    Total noninterest expense $13,494
    Salaries and employee benefits $6,817
    Premises and equipment expense $1,515
    Additional noninterest expense $5,162
    Applicable income taxes $0
    Net charge-offs $370
    Cash dividends $2,043

    Unico Bank's interest expense for loans was $2,360,000.
    Unico Bank's payroll and benefits expense were $6,817,000.
    Unico Bank's property, plant and equipment expenses $1,515,000.

    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 1.0%
    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $385,152
    Deposits held in domestic offices $385,152
    Deposits by Individuals, partnerships, and corporations $354,243
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $30,304
    Deposits by Commercial banks and other depository institutions in U.S. $605
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $186,831
    Demand deposits $166,777
    Nontransaction accounts $198,321
    Money market deposit accounts (MMDAs) $31,252
    Other savings deposits (excluding MMDAs) $38,620
    Total time deposits $128,449
    Total time and savings deposits $218,375
    Noninterest-bearing deposits $110,606
    Interest-bearing deposits $274,546
    Retail deposits $366,850
    IRAs and Keogh plan accounts $17,274
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $424,329
    Cash & Balances due from depository institutions $49,933
    Interest-bearing balances $42,609
    Total securities $38,060
    Federal funds sold & reverse repurchase $0
    Net loans and leases $319,425
    Loan and leases loss allowance $2,384
    Trading account assets $0
    Bank premises and fixed assets $12,540
    Other real estate owned $15
    Goodwill and other intangibles $2,177
    All other assets $2,179

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $424,329
    Total Liabilities $386,436
    Total deposits $385,152
    Interest-bearing deposits $274,546
    Deposits held in domestic offices $385,152
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,284

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $319,425
    Loan and leases loss allowance $2,384
    Total loans and leases (domestic) $321,809
    All real estate loans $265,371
    Real estate loans in domestic offices $265,371
    Construction and development loans $36,798
    Residential 1-4 family construction $17,144
    Other construction, all land development and other land $19,654
    Loans secured by nonfarm nonresidential properties $72,115
    Nonfarm nonresidential secured by owner-occupied properties $35,853
    Commercial real estate & other non-farm, non-residential $36,262
    Multifamily residential real estate $30,396
    1-4 family residential loans $116,535
    Farmland loans $9,527
    Loans held in foreign offices $0
    Farm loans $6,822
    Commercial and industrial loans $25,336
    To non-U.S. addressees $0
    Loans to individuals $23,386
    Credit card loans $0
    Related Plans $5
    Consumer Auto Loans $13,849
    Other loans to individuals $9,532
    All other loans & leases $898
    Loans to foreign governments and official institutions $0
    Other loans $335
    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 $505
    Non 1-4 family restructured loans & leases $80
    Total loans and leases (foreign) $0

    Unico Bank had $319,425,000 of loans outstanding in 2021. $265,371,000 of loans were in real estate loans. $36,798,000 of loans were in development loans. $30,396,000 of loans were in multifamily mortgage loans. $116,535,000 of loans were in 1-4 family mortgage loans. $6,822,000 of loans were in farm loans. $0 of loans were in credit card loans. $13,849,000 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 152 $27,259 $179,336
    Nonfarm, nonresidential loans - <$100k 56 $2,197 $39,232
    Nonfarm, nonresidential loans - $100-250k 46 $5,345 $116,196
    Nonfarm, nonresidential loans - $250k-1MM 50 $19,717 $394,340
    Commercial & Industrial, US addressed loans - <$1MM 400 $18,577 $46,443
    Commercial & Industrial, US addressed loans - <$100k 326 $7,006 $21,491
    Commercial & Industrial, US addressed loans - $100-250k 52 $6,224 $119,692
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $5,347 $243,045
    Farmland loans - <$1MM 52 $5,902 $113,500
    Farmland loans - <$100k 16 $775 $48,438
    Farmland loans - $100-250k 29 $3,420 $117,931
    Farmland loans - $250k-1MM 7 $1,707 $243,857
    Agriculture operations loans - <$1MM 57 $2,138 $37,509
    Agriculture operations loans - <$100k 51 $1,083 $21,235
    Agriculture operations loans - $100-250k 4 $532 $133,000
    Agriculture operations loans - $250k-1MM 2 $523 $261,500