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.
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Originations
395Origination Dollar Volume (All Markets)
$49,505,000Employee count
154Top 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 | 353 | $42,925,000 | $121,601 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 42 | $6,580,000 | $156,667 | $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: 190
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Similarity Rank: 792
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 384 | $48,240,000 | $125,625 | $0 | 0.00% |
| USDA | 11 | $1,265,000 | $115,000 | $0 | 0.00% |
For 2019, Town & Country Bank's most frequently originated type of loan was Conventional, with 384 originations. Their 2nd most popular type was USDA, with 11 originations.
Loan Reason
For 2019, Town & Country Bank's most frequently cited loan purpose was Home Purchase, with 238 originations. The 2nd most popular reason was Refi, with 111 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 395 | $49,505,000 | $125,329 | $0 | 0.00% |
For 2019, Town & Country Bank's most frequently cited loan duration was Other, with 395 originations.
Loan Sizing
2019 saw Town & Country Bank place emphasis on $100,000 or less loans with 200 originations, totaling $10,590,000 in origination value.
Applicant Income
Town & Country Bank lent most frequently to those with incomes in the $50k or less range, with 109 originations. The second most popular income band? $50k-75k, with 95 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 395 | $49,505,000 | $125,329 | $0 | 0.00% |
Town & Country Bank lent most frequently to those with DTI ratios of Exempt%, with 395 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.76%
Town & Country Bank has an average approval rate.
Pick Rate
Approvals leading to origination83.80%
Town & Country Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 395 | $49,505,000 | $125,329 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TEAM USA MORTGAGE L.L.C. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Town & Country Bank | 188 East Pine Street Bourbon, MO 65441 | Full Service B&M | $45,956 |
| Town & Country Bank | 1009 East Highway 32/72 Salem, MO 65560 | Full Service B&M | $81,815 |
| Town & Country Bank | 1106 Springfield Road Ava, MO 65608 | Full Service B&M | $54,788 |
| Town & Country Bank | 120 Hwy 32 W Licking, MO 65542 | Full Service B&M | $48,222 |
| Town & Country Bank | 1645 Old State Road South Pevely, MO 63070 | Full Service B&M | $30,312 |
| Town & Country Bank | 1804 North Bishop Rolla, MO 65401 | Full Service B&M | $24,971 |
| Town & Country Bank | 325 North Jefferson St. James, MO 65559 | Full Service B&M | $25,641 |
| Town & Country Bank | 400 West Scenic Rivers Boulevard Salem, MO 65560 | Full Service B&M | $10,559 |
| Town & Country Bank | 910 North Main Mountain Grove, MO 65711 | Full Service B&M | $49,927 |
| Town & Country Bank | 910 South Bishop Rolla, MO 65401 | Full Service B&M | $59,664 |
For 2019, Town & Country Bank had 10 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $22,883 |
| Net interest income | $19,784 |
| Total noninterest income | $4,331 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $892 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,439 |
| Pre-tax net operating income | $8,273 |
| Securities gains (or losses, -) | $-1 |
| Income before extraordinary items | $8,272 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,272 |
| Minority interest net income | $0 |
| Net income | $8,272 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $8,273 |
Town & Country Bank's gross interest income from loans was $22,883,000.
Town & Country Bank's net interest income from loans was $19,784,000.
Town & Country Bank's fee based income from loans was $892,000.
Town & Country Bank's net income from loans was $8,272,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,099 |
| Provision for credit losses | $445 |
| Total noninterest expense | $15,397 |
| Salaries and employee benefits | $10,021 |
| Premises and equipment expense | $1,792 |
| Additional noninterest expense | $3,584 |
| Applicable income taxes | $0 |
| Net charge-offs | $124 |
| Cash dividends | $5,880 |
Town & Country Bank's interest expense for loans was $3,099,000.
Town & Country Bank's payroll and benefits expense were $10,021,000.
Town & Country Bank's property, plant and equipment expenses $1,792,000.
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 | $444,499 |
| Deposits held in domestic offices | $444,499 |
| Deposits by Individuals, partnerships, and corporations | $400,707 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $43,792 |
| 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 | $39,703 |
| Demand deposits | $23,430 |
| Nontransaction accounts | $404,796 |
| Money market deposit accounts (MMDAs) | $54,486 |
| Other savings deposits (excluding MMDAs) | $210,878 |
| Total time deposits | $139,433 |
| Total time and savings deposits | $421,069 |
| Noninterest-bearing deposits | $85,248 |
| Interest-bearing deposits | $359,251 |
| Retail deposits | $431,930 |
| IRAs and Keogh plan accounts | $23,756 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $526,271 |
| Cash & Balances due from depository institutions | $15,900 |
| Interest-bearing balances | $8,461 |
| Total securities | $87,800 |
| Federal funds sold & reverse repurchase | $1,753 |
| Net loans and leases | $390,725 |
| Loan and leases loss allowance | $4,683 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $15,550 |
| Other real estate owned | $476 |
| Goodwill and other intangibles | $4,968 |
| All other assets | $9,099 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $526,271 |
| Total Liabilities | $459,923 |
| Total deposits | $444,499 |
| Interest-bearing deposits | $359,251 |
| Deposits held in domestic offices | $444,499 |
| % insured (estimated) | $88 |
| Federal funds purchased and repurchase agreements | $13,478 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $1,946 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $390,725 |
| Loan and leases loss allowance | $4,683 |
| Total loans and leases (domestic) | $395,408 |
| All real estate loans | $335,905 |
| Real estate loans in domestic offices | $335,905 |
| Construction and development loans | $15,747 |
| Residential 1-4 family construction | $12,196 |
| Other construction, all land development and other land | $3,551 |
| Loans secured by nonfarm nonresidential properties | $58,575 |
| Nonfarm nonresidential secured by owner-occupied properties | $22,087 |
| Commercial real estate & other non-farm, non-residential | $36,488 |
| Multifamily residential real estate | $6,280 |
| 1-4 family residential loans | $184,938 |
| Farmland loans | $70,365 |
| Loans held in foreign offices | $0 |
| Farm loans | $18,721 |
| Commercial and industrial loans | $13,105 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $18,505 |
| Credit card loans | $0 |
| Related Plans | $71 |
| Consumer Auto Loans | $13,838 |
| Other loans to individuals | $4,596 |
| All other loans & leases | $9,171 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $6,799 |
| 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 | $56 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Town & Country Bank had $390,725,000 of loans outstanding in 2019. $335,905,000 of loans were in real estate loans. $15,747,000 of loans were in development loans. $6,280,000 of loans were in multifamily mortgage loans. $184,938,000 of loans were in 1-4 family mortgage loans. $18,721,000 of loans were in farm loans. $0 of loans were in credit card loans. $13,838,000 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 | 318 | $44,883 | $141,142 |
| Nonfarm, nonresidential loans - <$100k | 188 | $6,836 | $36,362 |
| Nonfarm, nonresidential loans - $100-250k | 73 | $11,099 | $152,041 |
| Nonfarm, nonresidential loans - $250k-1MM | 57 | $26,948 | $472,772 |
| Commercial & Industrial, US addressed loans - <$1MM | 457 | $13,036 | $28,525 |
| Commercial & Industrial, US addressed loans - <$100k | 408 | $7,013 | $17,189 |
| Commercial & Industrial, US addressed loans - $100-250k | 33 | $2,665 | $80,758 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 16 | $3,358 | $209,875 |
| Farmland loans - <$1MM | 446 | $48,102 | $107,852 |
| Farmland loans - <$100k | 266 | $12,116 | $45,549 |
| Farmland loans - $100-250k | 138 | $21,749 | $157,601 |
| Farmland loans - $250k-1MM | 42 | $14,237 | $338,976 |
| Agriculture operations loans - <$1MM | 722 | $15,634 | $21,654 |
| Agriculture operations loans - <$100k | 700 | $12,157 | $17,367 |
| Agriculture operations loans - $100-250k | 21 | $3,129 | $149,000 |
| Agriculture operations loans - $250k-1MM | 1 | $348 | $348,000 |