Town & Country Bank Mortgage Rates, Fees & Info
Salem, MOLEI: 254900YOL8EJ9NBHIE43
Tax ID: 43-0241720
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Mortgage Data
Bank Data
Review & Overview
Town & Country Bank is a smaller bank specializing in Home Purchase and Refi loans. Town & Country Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top (well, only) market is St. Louis.Town & Country Bank has an average approval rate when compared to the average across all lenders. They have a below 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.73% | 12/16/24 |
| 30 Year Conventional Refi | 6.78% | 12/16/24 |
| 30 Year Cash-out Refi | 6.63% | 12/16/24 |
| 30 Year VA Purchase | 6.03% | 12/16/24 |
| 30 Year VA Refi | 6.27% | 12/16/24 |
| 30 Year USDA Purchase | 7.22% | 12/16/24 |
| 15 Year Conventional Purchase | 5.72% | 12/16/24 |
| 15 Year Conventional Refi | 6.57% | 12/16/24 |
| 15 Year Cash-out Refi | 6.57% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Town & Country Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
284Origination Dollar Volume (All Markets)
$30,270,000Employee count
157Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 261 | $26,095,000 | $99,981 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 23 | $4,175,000 | $181,522 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Town & Country Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 100
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 278 | $29,670,000 | $106,727 | $0 | 0.00% |
| USDA | 6 | $600,000 | $100,000 | $0 | 0.00% |
For 2018, Town & Country Bank's most frequently originated type of loan was Conventional, with 278 originations. Their 2nd most popular type was USDA, with 6 originations.
Loan Reason
For 2018, Town & Country Bank's most frequently cited loan purpose was Home Purchase, with 171 originations. The 2nd most popular reason was Refi, with 86 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 284 | $30,270,000 | $106,585 | $0 | 0.00% |
For 2018, Town & Country Bank's most frequently cited loan duration was Other, with 284 originations.
Loan Sizing
2018 saw Town & Country Bank place emphasis on $100,000 or less loans with 170 originations, totaling $9,430,000 in origination value.
Applicant Income
Town & Country Bank lent most frequently to those with incomes in the $50k or less range, with 87 originations. The second most popular income band? $50k-75k, with 73 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 284 | $30,270,000 | $106,585 | $0 | 0.00% |
Town & Country Bank lent most frequently to those with DTI ratios of Exempt%, with 284 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.55%
Town & Country Bank has a below average approval rate.
Pick Rate
Approvals leading to origination86.27%
Town & Country Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 284 | $30,270,000 | $106,585 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TEAM USA MORTGAGE L.L.C. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| TEAM USA MORTGAGE L.L.C. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Town & Country Bank | 1009 East Highway 32/72 Salem, MO 65560 | Full Service B&M | $81,818 |
| Town & Country Bank | 1106 Northwest 12th Avenue Ava, MO 65608 | Full Service B&M | $52,594 |
| Town & Country Bank | 120 Hwy 32 W Licking, MO 65542 | Full Service B&M | $50,482 |
| Town & Country Bank | 1645 Old State Road South Pevely, MO 63070 | Full Service B&M | $28,958 |
| Town & Country Bank | 1804 North Bishop Rolla, MO 65401 | Full Service B&M | $25,929 |
| Town & Country Bank | 188 East Pine Street Bourbon, MO 65441 | Full Service B&M | $44,757 |
| Town & Country Bank | 325 North Jefferson St. James, MO 65559 | Full Service B&M | $25,970 |
| Town & Country Bank | 400 West Scenic Rivers Boulevard Salem, MO 65560 | Full Service B&M | $10,340 |
| Town & Country Bank | 910 North Main Mountain Grove, MO 65711 | Full Service B&M | $52,966 |
| Town & Country Bank | 910 South Bishop Rolla, MO 65401 | Full Service B&M | $60,326 |
For 2018, Town & Country Bank had 10 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $21,346 |
| Net interest income | $19,181 |
| Total noninterest income | $3,898 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $947 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,951 |
| Pre-tax net operating income | $7,681 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $7,681 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $7,681 |
| Minority interest net income | $0 |
| Net income | $7,681 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $7,681 |
Town & Country Bank's gross interest income from loans was $21,346,000.
Town & Country Bank's net interest income from loans was $19,181,000.
Town & Country Bank's fee based income from loans was $947,000.
Town & Country Bank's net income from loans was $7,681,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,165 |
| Provision for credit losses | $-25 |
| Total noninterest expense | $15,423 |
| Salaries and employee benefits | $10,259 |
| Premises and equipment expense | $1,774 |
| Additional noninterest expense | $3,390 |
| Applicable income taxes | $0 |
| Net charge-offs | $252 |
| Cash dividends | $6,256 |
Town & Country Bank's interest expense for loans was $2,165,000.
Town & Country Bank's payroll and benefits expense were $10,259,000.
Town & Country Bank's property, plant and equipment expenses $1,774,000.
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 | $420,773 |
| Deposits held in domestic offices | $420,773 |
| Deposits by Individuals, partnerships, and corporations | $391,748 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $29,025 |
| 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 | $38,693 |
| Demand deposits | $24,551 |
| Nontransaction accounts | $382,080 |
| Money market deposit accounts (MMDAs) | $57,897 |
| Other savings deposits (excluding MMDAs) | $193,021 |
| Total time deposits | $131,162 |
| Total time and savings deposits | $396,222 |
| Noninterest-bearing deposits | $86,555 |
| Interest-bearing deposits | $334,218 |
| Retail deposits | $409,304 |
| IRAs and Keogh plan accounts | $24,466 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $502,415 |
| Cash & Balances due from depository institutions | $12,057 |
| Interest-bearing balances | $4,904 |
| Total securities | $85,860 |
| Federal funds sold & reverse repurchase | $912 |
| Net loans and leases | $373,669 |
| Loan and leases loss allowance | $4,362 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $15,809 |
| Other real estate owned | $318 |
| Goodwill and other intangibles | $4,950 |
| All other assets | $8,840 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $502,414 |
| Total Liabilities | $440,627 |
| Total deposits | $420,773 |
| Interest-bearing deposits | $334,218 |
| Deposits held in domestic offices | $420,773 |
| % insured (estimated) | $90 |
| Federal funds purchased and repurchase agreements | $14,737 |
| Trading liabilities | $0 |
| Other borrowed funds | $3,000 |
| Subordinated debt | $0 |
| All other liabilities | $2,117 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $373,669 |
| Loan and leases loss allowance | $4,362 |
| Total loans and leases (domestic) | $378,031 |
| All real estate loans | $320,496 |
| Real estate loans in domestic offices | $320,496 |
| Construction and development loans | $13,491 |
| Residential 1-4 family construction | $10,490 |
| Other construction, all land development and other land | $3,001 |
| Loans secured by nonfarm nonresidential properties | $57,813 |
| Nonfarm nonresidential secured by owner-occupied properties | $27,603 |
| Commercial real estate & other non-farm, non-residential | $30,210 |
| Multifamily residential real estate | $6,587 |
| 1-4 family residential loans | $180,728 |
| Farmland loans | $61,877 |
| Loans held in foreign offices | $0 |
| Farm loans | $18,398 |
| Commercial and industrial loans | $11,357 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $18,829 |
| Credit card loans | $0 |
| Related Plans | $76 |
| Consumer Auto Loans | $14,264 |
| Other loans to individuals | $4,489 |
| All other loans & leases | $8,950 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $6,596 |
| 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 | $57 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Town & Country Bank had $373,669,000 of loans outstanding in 2018. $320,496,000 of loans were in real estate loans. $13,491,000 of loans were in development loans. $6,587,000 of loans were in multifamily mortgage loans. $180,728,000 of loans were in 1-4 family mortgage loans. $18,398,000 of loans were in farm loans. $0 of loans were in credit card loans. $14,264,000 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 | 320 | $43,046 | $134,519 |
| Nonfarm, nonresidential loans - <$100k | 193 | $6,931 | $35,912 |
| Nonfarm, nonresidential loans - $100-250k | 80 | $13,090 | $163,625 |
| Nonfarm, nonresidential loans - $250k-1MM | 47 | $23,025 | $489,894 |
| Commercial & Industrial, US addressed loans - <$1MM | 417 | $11,232 | $26,935 |
| Commercial & Industrial, US addressed loans - <$100k | 380 | $6,479 | $17,050 |
| Commercial & Industrial, US addressed loans - $100-250k | 23 | $1,819 | $79,087 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 14 | $2,934 | $209,571 |
| Farmland loans - <$1MM | 385 | $41,993 | $109,073 |
| Farmland loans - <$100k | 218 | $10,266 | $47,092 |
| Farmland loans - $100-250k | 136 | $21,209 | $155,949 |
| Farmland loans - $250k-1MM | 31 | $10,518 | $339,290 |
| Agriculture operations loans - <$1MM | 692 | $14,821 | $21,418 |
| Agriculture operations loans - <$100k | 673 | $11,713 | $17,404 |
| Agriculture operations loans - $100-250k | 18 | $2,765 | $153,611 |
| Agriculture operations loans - $250k-1MM | 1 | $343 | $343,000 |