Town & Country Bank Mortgage Rates, Fees & Info

Salem, MO

LEI: 254900YOL8EJ9NBHIE43

Tax ID: 43-0241720

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

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

    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. Town & Country Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    466

    Origination Dollar Volume (All Markets)

    $63,910,000

    Employee count

    155

    Awards

    Town & Country Bank 30 Year Conventional Loans silver Town & Country Bank 30 Year Conventional Loans gold Town & Country Bank 30 Year Conventional Loans gold
    Show all (3) awards

    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
    Outside of Metro Areas 392 $52,450,000 $133,801 $1,534 3.78%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 74 $11,460,000 $154,865 $2,053 3.45%
    Town & Country Bank's top markets include and St. Louis among others.

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

    • 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.

    Town & Country Bank
    Similarity Rank: 328
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 370
    CapGrow Home Mortgage, LLC
    Similarity Rank: 552
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 627
    JERSEY STATE BANK
    Similarity Rank: 725
    HNB National Bank
    Similarity Rank: 910
    First National Bank of Waterloo
    Similarity Rank: 938
    VANTAGE Credit Union
    Similarity Rank: 1010
    Providence Bank
    Similarity Rank: 1102
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1260

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 460 $63,360,000 $137,739 $1,575 3.72%
    USDA 6 $550,000 $91,667 $3,135 3.63%

    For 2021, Town & Country Bank's most frequently originated type of loan was Conventional, with 460 originations. Their 2nd most popular type was USDA, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 254 $36,170,000 $142,402 $1,712 3.85%
    Refi 154 $19,890,000 $129,156 $1,393 3.65%
    Cash Out Refi 35 $5,685,000 $162,429 $2,052 2.80%
    Other 12 $990,000 $82,500 $1,247 4.44%
    Home Improvement 11 $1,175,000 $106,818 $1,252 3.98%

    For 2021, Town & Country Bank's most frequently cited loan purpose was Home Purchase, with 254 originations. The 2nd most popular reason was Refi, with 154 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 197 $31,625,000 $160,533 $1,713 3.67%
    20 Year 111 $14,945,000 $134,640 $1,428 3.89%
    15 Year 82 $8,610,000 $105,000 $1,542 3.29%
    5 Year 22 $2,280,000 $103,636 $1,127 3.81%
    Other 22 $3,100,000 $140,909 $1,514 4.42%
    10 Year 20 $1,530,000 $76,500 $1,114 4.11%
    1 Year 12 $1,820,000 $151,667 $1,990 4.00%

    For 2021, Town & Country Bank's most frequently cited loan duration was 30 Year, with 197 originations. The 2nd most popular length was 20 Year, with 111 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 341 $47,975,000 $140,689
    $1k-2k 1 $135,000 $135,000

    Town & Country Bank's average total fees were $1,713, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 341 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 206 $33,590,000 $163,058
    4-5% 147 $14,605,000 $99,354
    2.5-3% 60 $9,100,000 $151,667
    <2.5% 42 $5,880,000 $140,000
    5-6% 11 $735,000 $66,818

    During 2021, Town & Country Bank's average interest rate for loans was 3.67%, while their most frequently originated rate bucket for loans was 3-4%, with 206 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 194 $11,590,000 $59,742 $1,329 3.97%
    $100k-200k 188 $26,230,000 $139,521 $1,745 3.56%
    $200k-400k 67 $17,335,000 $258,731 $1,769 3.52%
    $400k-600k 15 $6,985,000 $465,667 $2,349 3.43%
    $1MM+ 1 $1,165,000 $1,165,000 $559 3.99%
    $600k-1MM 1 $605,000 $605,000 $0 3.99%

    2021 saw Town & Country Bank place emphasis on $100,000 or less loans with 194 originations, totaling $11,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 130 $10,520,000 $80,923 $1,586 3.79%
    $50k-75k 89 $10,695,000 $120,169 $1,562 3.79%
    $75k-100k 72 $11,110,000 $154,306 $1,539 3.59%
    $100k-150k 57 $9,895,000 $173,596 $1,760 3.66%
    $150k-250k 31 $6,295,000 $203,065 $1,805 3.64%
    $250k+ 10 $3,160,000 $316,000 $1,786 3.90%

    Town & Country Bank lent most frequently to those with incomes in the $50k or less range, with 130 originations. The second most popular income band? $50k-75k, with 89 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 129 $17,475,000 $135,465 $1,515 3.60%
    30-36% 96 $14,190,000 $147,813 $1,682 3.63%
    <20% 62 $6,910,000 $111,452 $1,505 3.60%
    36% 17 $2,685,000 $157,941 $1,751 3.38%
    37% 16 $2,350,000 $146,875 $1,759 3.68%
    39% 9 $1,155,000 $128,333 $2,110 3.26%
    38% 7 $1,125,000 $160,714 $1,998 3.66%
    50-60% 4 $800,000 $200,000 $1,204 4.28%
    40% 2 $340,000 $170,000 $1,695 3.75%
    41% 2 $440,000 $220,000 $1,466 3.38%
    47% 1 $85,000 $85,000 $1,237 4.00%
    49% 1 $465,000 $465,000 $1,660 4.00%
    44% 1 $55,000 $55,000 $879 5.00%
    >60% 1 $155,000 $155,000 $920 4.00%

    Town & Country Bank lent most frequently to those with DTI ratios of 20-30%, with 129 originations. The next most common DTI ratio? 30-36%, with 96 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 395 $52,405,000 $132,671 $1,595 3.70%
    Not applicable 55 $8,835,000 $160,636 $1,189 3.94%
    Not provided 12 $2,290,000 $190,833 $1,736 3.61%
    Asian 1 $195,000 $195,000 $1,523 3.50%
    American Indian 2 $100,000 $50,000 $2,073 2.88%
    Black 1 $85,000 $85,000 $2,132 4.00%

    Approval Rates

    Total approvals of all applications
    87.64%

    Town & Country Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.04%

    Town & Country Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $25,000 $25,000
    495.0 1 $45,000 $45,000
    NA 464 $63,840,000 $137,586

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    466 $63,910,000 $137,146

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $3,390,000 $94,167 $1,508 3.62%
    40-60% 102 $14,070,000 $137,941 $1,609 3.52%
    60-80% 189 $27,655,000 $146,323 $1,567 3.74%
    80-100% 126 $17,750,000 $140,873 $1,709 3.87%
    Over 100% 3 $325,000 $108,333 $2,102 4.63%
    Under 20% 10 $720,000 $72,000 $1,050 3.81%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Timios, Inc. Conventional home mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Town & Country Bank 325 North Jefferson St. James, MO 65559 Full Service B&M $38,729
    Town & Country Bank 1009 East Highway 32/72 Salem, MO 65560 Full Service B&M $104,445
    Town & Country Bank 1106 Springfield Road Ava, MO 65608 Full Service B&M $70,794
    Town & Country Bank 120 Hwy 32 W Licking, MO 65542 Full Service B&M $71,553
    Town & Country Bank 1645 Old State Road South Pevely, MO 63070 Full Service B&M $37,660
    Town & Country Bank 1804 North Bishop Rolla, MO 65401 Full Service B&M $40,742
    Town & Country Bank 188 East Pine Street Bourbon, MO 65441 Full Service B&M $65,406
    Town & Country Bank 400 West Scenic Rivers Boulevard Salem, MO 65560 Full Service B&M $13,112
    Town & Country Bank 910 North Main Mountain Grove, MO 65711 Full Service B&M $68,890
    Town & Country Bank 910 South Bishop Rolla, MO 65401 Full Service B&M $71,115

    For 2021, Town & Country Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,094
    Net interest income $22,355
    Total noninterest income $5,120
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $817
    Trading account gains and fees $0
    Additional Noninterest Income $4,303
    Pre-tax net operating income $11,065
    Securities gains (or losses, -) $0
    Income before extraordinary items $11,065
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,065
    Minority interest net income $0
    Net income $11,065
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,065

    Town & Country Bank's gross interest income from loans was $24,094,000.
    Town & Country Bank's net interest income from loans was $22,355,000.
    Town & Country Bank's fee based income from loans was $817,000.
    Town & Country Bank's net income from loans was $11,065,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,739
    Provision for credit losses $-1
    Total noninterest expense $16,411
    Salaries and employee benefits $10,747
    Premises and equipment expense $1,713
    Additional noninterest expense $3,951
    Applicable income taxes $0
    Net charge-offs $126
    Cash dividends $5,877

    Town & Country Bank's interest expense for loans was $1,739,000.
    Town & Country Bank's payroll and benefits expense were $10,747,000.
    Town & Country Bank's property, plant and equipment expenses $1,713,000.

    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 $590,767
    Deposits held in domestic offices $590,767
    Deposits by Individuals, partnerships, and corporations $546,681
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $44,085
    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 $54,015
    Demand deposits $34,186
    Nontransaction accounts $536,751
    Money market deposit accounts (MMDAs) $74,572
    Other savings deposits (excluding MMDAs) $328,648
    Total time deposits $133,532
    Total time and savings deposits $556,580
    Noninterest-bearing deposits $152,929
    Interest-bearing deposits $437,838
    Retail deposits $576,816
    IRAs and Keogh plan accounts $23,729
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $691,597
    Cash & Balances due from depository institutions $94,053
    Interest-bearing balances $87,352
    Total securities $168,534
    Federal funds sold & reverse repurchase $1,578
    Net loans and leases $398,731
    Loan and leases loss allowance $5,196
    Trading account assets $0
    Bank premises and fixed assets $14,637
    Other real estate owned $55
    Goodwill and other intangibles $5,035
    All other assets $8,974

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $691,597
    Total Liabilities $619,089
    Total deposits $590,767
    Interest-bearing deposits $437,838
    Deposits held in domestic offices $590,767
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $26,443
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,879

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $398,731
    Loan and leases loss allowance $5,196
    Total loans and leases (domestic) $403,927
    All real estate loans $350,872
    Real estate loans in domestic offices $350,872
    Construction and development loans $23,715
    Residential 1-4 family construction $19,042
    Other construction, all land development and other land $4,673
    Loans secured by nonfarm nonresidential properties $53,698
    Nonfarm nonresidential secured by owner-occupied properties $16,014
    Commercial real estate & other non-farm, non-residential $37,684
    Multifamily residential real estate $7,136
    1-4 family residential loans $184,628
    Farmland loans $81,695
    Loans held in foreign offices $0
    Farm loans $16,134
    Commercial and industrial loans $15,863
    To non-U.S. addressees $0
    Loans to individuals $17,515
    Credit card loans $0
    Related Plans $43
    Consumer Auto Loans $12,783
    Other loans to individuals $4,689
    All other loans & leases $3,543
    Loans to foreign governments and official institutions $0
    Other loans $808
    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 $54
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Town & Country Bank had $398,731,000 of loans outstanding in 2021. $350,872,000 of loans were in real estate loans. $23,715,000 of loans were in development loans. $7,136,000 of loans were in multifamily mortgage loans. $184,628,000 of loans were in 1-4 family mortgage loans. $16,134,000 of loans were in farm loans. $0 of loans were in credit card loans. $12,783,000 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 282 $39,808 $141,163
    Nonfarm, nonresidential loans - <$100k 163 $6,813 $41,798
    Nonfarm, nonresidential loans - $100-250k 69 $10,821 $156,826
    Nonfarm, nonresidential loans - $250k-1MM 50 $22,174 $443,480
    Commercial & Industrial, US addressed loans - <$1MM 440 $15,105 $34,330
    Commercial & Industrial, US addressed loans - <$100k 380 $6,997 $18,413
    Commercial & Industrial, US addressed loans - $100-250k 42 $3,603 $85,786
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $4,505 $250,278
    Farmland loans - <$1MM 490 $59,279 $120,978
    Farmland loans - <$100k 273 $12,404 $45,436
    Farmland loans - $100-250k 153 $25,282 $165,242
    Farmland loans - $250k-1MM 64 $21,593 $337,391
    Agriculture operations loans - <$1MM 704 $15,483 $21,993
    Agriculture operations loans - <$100k 683 $12,429 $18,198
    Agriculture operations loans - $100-250k 20 $2,793 $139,650
    Agriculture operations loans - $250k-1MM 1 $261 $261,000