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% | 5/4/24 |
| 30 Year Conventional Refi | 6.78% | 5/4/24 |
| 30 Year Cash-out Refi | 6.63% | 5/4/24 |
| 30 Year VA Purchase | 6.03% | 5/4/24 |
| 30 Year VA Refi | 6.27% | 5/4/24 |
| 30 Year USDA Purchase | 7.22% | 5/4/24 |
| 15 Year Conventional Purchase | 5.72% | 5/4/24 |
| 15 Year Conventional Refi | 6.57% | 5/4/24 |
| 15 Year Cash-out Refi | 6.57% | 5/4/24 |
| 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
563Origination Dollar Volume (All Markets)
$82,215,000Employee count
146Top 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 | 464 | $65,340,000 | $140,819 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 99 | $16,875,000 | $170,455 | $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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 550 | $80,990,000 | $147,255 | $0 | 0.00% |
| USDA | 13 | $1,225,000 | $94,231 | $0 | 0.00% |
For 2020, Town & Country Bank's most frequently originated type of loan was Conventional, with 550 originations. Their 2nd most popular type was USDA, with 13 originations.
Loan Reason
For 2020, Town & Country Bank's most frequently cited loan purpose was Home Purchase, with 263 originations. The 2nd most popular reason was Refi, with 216 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 563 | $82,215,000 | $146,030 | $0 | 0.00% |
For 2020, Town & Country Bank's most frequently cited loan duration was Other, with 563 originations.
Loan Sizing
2020 saw Town & Country Bank place emphasis on $100,000 or less loans with 249 originations, totaling $14,745,000 in origination value.
Applicant Income
Town & Country Bank lent most frequently to those with incomes in the $50k or less range, with 131 originations. The second most popular income band? $50k-75k, with 116 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 563 | $82,215,000 | $146,030 | $0 | 0.00% |
Town & Country Bank lent most frequently to those with DTI ratios of Exempt%, with 563 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.56%
Town & Country Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.61%
Town & Country Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 563 | $82,215,000 | $146,030 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Town & Country Mortgage Services, INC. | 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 | 1009 East Highway 32/72 Salem, MO 65560 | Full Service B&M | $93,817 |
| Town & Country Bank | 1106 Springfield Road Ava, MO 65608 | Full Service B&M | $60,465 |
| Town & Country Bank | 120 Hwy 32 W Licking, MO 65542 | Full Service B&M | $60,657 |
| Town & Country Bank | 1645 Old State Road South Pevely, MO 63070 | Full Service B&M | $34,589 |
| Town & Country Bank | 1804 North Bishop Rolla, MO 65401 | Full Service B&M | $30,893 |
| Town & Country Bank | 188 East Pine Street Bourbon, MO 65441 | Full Service B&M | $56,213 |
| Town & Country Bank | 325 North Jefferson St. James, MO 65559 | Full Service B&M | $36,880 |
| Town & Country Bank | 400 West Scenic Rivers Boulevard Salem, MO 65560 | Full Service B&M | $11,347 |
| Town & Country Bank | 910 North Main Mountain Grove, MO 65711 | Full Service B&M | $56,068 |
| Town & Country Bank | 910 South Bishop Rolla, MO 65401 | Full Service B&M | $63,918 |
For 2020, Town & Country Bank had 10 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $23,041 |
| Net interest income | $20,230 |
| Total noninterest income | $4,718 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $766 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,952 |
| Pre-tax net operating income | $8,363 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $8,363 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,363 |
| Minority interest net income | $0 |
| Net income | $8,363 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $8,363 |
Town & Country Bank's gross interest income from loans was $23,041,000.
Town & Country Bank's net interest income from loans was $20,230,000.
Town & Country Bank's fee based income from loans was $766,000.
Town & Country Bank's net income from loans was $8,363,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,811 |
| Provision for credit losses | $792 |
| Total noninterest expense | $15,793 |
| Salaries and employee benefits | $10,407 |
| Premises and equipment expense | $1,770 |
| Additional noninterest expense | $3,616 |
| Applicable income taxes | $0 |
| Net charge-offs | $151 |
| Cash dividends | $5,400 |
Town & Country Bank's interest expense for loans was $2,811,000.
Town & Country Bank's payroll and benefits expense were $10,407,000.
Town & Country Bank's property, plant and equipment expenses $1,770,000.
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 | 1.0% |
| 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 | $526,868 |
| Deposits held in domestic offices | $526,868 |
| Deposits by Individuals, partnerships, and corporations | $484,227 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $42,642 |
| 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 | $52,738 |
| Demand deposits | $34,747 |
| Nontransaction accounts | $474,131 |
| Money market deposit accounts (MMDAs) | $62,719 |
| Other savings deposits (excluding MMDAs) | $272,861 |
| Total time deposits | $138,550 |
| Total time and savings deposits | $492,122 |
| Noninterest-bearing deposits | $128,665 |
| Interest-bearing deposits | $398,203 |
| Retail deposits | $514,396 |
| IRAs and Keogh plan accounts | $23,553 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $624,504 |
| Cash & Balances due from depository institutions | $65,185 |
| Interest-bearing balances | $57,285 |
| Total securities | $113,359 |
| Federal funds sold & reverse repurchase | $1,566 |
| Net loans and leases | $414,847 |
| Loan and leases loss allowance | $5,324 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $15,150 |
| Other real estate owned | $38 |
| Goodwill and other intangibles | $4,961 |
| All other assets | $9,398 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $624,504 |
| Total Liabilities | $553,471 |
| Total deposits | $526,868 |
| Interest-bearing deposits | $398,203 |
| Deposits held in domestic offices | $526,868 |
| % insured (estimated) | $86 |
| Federal funds purchased and repurchase agreements | $24,584 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $2,019 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $414,847 |
| Loan and leases loss allowance | $5,324 |
| Total loans and leases (domestic) | $420,171 |
| All real estate loans | $351,428 |
| Real estate loans in domestic offices | $351,428 |
| Construction and development loans | $19,107 |
| Residential 1-4 family construction | $15,916 |
| Other construction, all land development and other land | $3,191 |
| Loans secured by nonfarm nonresidential properties | $60,510 |
| Nonfarm nonresidential secured by owner-occupied properties | $19,134 |
| Commercial real estate & other non-farm, non-residential | $41,376 |
| Multifamily residential real estate | $6,609 |
| 1-4 family residential loans | $188,843 |
| Farmland loans | $76,359 |
| Loans held in foreign offices | $0 |
| Farm loans | $17,304 |
| Commercial and industrial loans | $26,066 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $17,449 |
| Credit card loans | $0 |
| Related Plans | $35 |
| Consumer Auto Loans | $13,266 |
| Other loans to individuals | $4,148 |
| All other loans & leases | $7,924 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $5,819 |
| 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 $414,847,000 of loans outstanding in 2020. $351,428,000 of loans were in real estate loans. $19,107,000 of loans were in development loans. $6,609,000 of loans were in multifamily mortgage loans. $188,843,000 of loans were in 1-4 family mortgage loans. $17,304,000 of loans were in farm loans. $0 of loans were in credit card loans. $13,266,000 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 | 302 | $45,847 | $151,811 |
| Nonfarm, nonresidential loans - <$100k | 174 | $7,302 | $41,966 |
| Nonfarm, nonresidential loans - $100-250k | 71 | $11,339 | $159,704 |
| Nonfarm, nonresidential loans - $250k-1MM | 57 | $27,206 | $477,298 |
| Commercial & Industrial, US addressed loans - <$1MM | 457 | $23,721 | $51,906 |
| Commercial & Industrial, US addressed loans - <$100k | 404 | $10,785 | $26,696 |
| Commercial & Industrial, US addressed loans - $100-250k | 35 | $5,473 | $156,371 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 18 | $7,463 | $414,611 |
| Farmland loans - <$1MM | 484 | $55,297 | $114,250 |
| Farmland loans - <$100k | 279 | $12,215 | $43,781 |
| Farmland loans - $100-250k | 150 | $24,329 | $162,193 |
| Farmland loans - $250k-1MM | 55 | $18,753 | $340,964 |
| Agriculture operations loans - <$1MM | 712 | $14,857 | $20,867 |
| Agriculture operations loans - <$100k | 692 | $11,691 | $16,895 |
| Agriculture operations loans - $100-250k | 19 | $2,690 | $141,579 |
| Agriculture operations loans - $250k-1MM | 1 | $476 | $476,000 |