The Tipton Latham Bank Mortgage Rates, Fees & Info

Tipton, MO

LEI: 5493000SHD1NU031PX30

Tax ID: 43-1294800

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

Review & Overview

The Tipton Latham Bank is a smaller bank specializing in various types of mortgages.

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Originations

Origination Dollar Volume (All Markets)

Employee count

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
The Tipton Latham Bank, National Association	173 South Highway E Latham, MO 65050	Full Service B&M	$25,806
The Tipton Latham Bank, National Association	800 West Highway 50 Tipton, MO 65081	Full Service B&M	$117,557

For 2021, The Tipton Latham Bank had 2 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$6,149
Net interest income	$5,138
Total noninterest income	$271
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$84
Trading account gains and fees	$0
Additional Noninterest Income	$187
Pre-tax net operating income	$2,448
Securities gains (or losses, -)	$387
Income before extraordinary items	$2,835
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$2,835
Minority interest net income	$0
Net income	$2,835
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$2,448

The Tipton Latham Bank's gross interest income from loans was $6,149,000.
The Tipton Latham Bank's net interest income from loans was $5,138,000.
The Tipton Latham Bank's fee based income from loans was $84,000.
The Tipton Latham Bank's net income from loans was $2,835,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,011
Provision for credit losses	$0
Total noninterest expense	$2,961
Salaries and employee benefits	$2,033
Premises and equipment expense	$301
Additional noninterest expense	$627
Applicable income taxes	$0
Net charge-offs	$-6
Cash dividends	$1,526

The Tipton Latham Bank's interest expense for loans was $1,011,000.
The Tipton Latham Bank's payroll and benefits expense were $2,033,000.
The Tipton Latham Bank's property, plant and equipment expenses $301,000.

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	5.0%
Multifamily residential loans	14.0%
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	$145,386
Deposits held in domestic offices	$145,386
Deposits by Individuals, partnerships, and corporations	$141,502
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$3,883
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	$35,755
Demand deposits	$27,535
Nontransaction accounts	$109,630
Money market deposit accounts (MMDAs)	$37,852
Other savings deposits (excluding MMDAs)	$11,417
Total time deposits	$60,361
Total time and savings deposits	$117,850
Noninterest-bearing deposits	$27,535
Interest-bearing deposits	$117,851
Retail deposits	$140,059
IRAs and Keogh plan accounts	$5,945
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$163,277
Cash & Balances due from depository institutions	$16,002
Interest-bearing balances	$13,605
Total securities	$36,433
Federal funds sold & reverse repurchase	$0
Net loans and leases	$104,168
Loan and leases loss allowance	$1,566
Trading account assets	$0
Bank premises and fixed assets	$1,444
Other real estate owned	$0
Goodwill and other intangibles	$0
All other assets	$5,230

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$163,277
Total Liabilities	$146,037
Total deposits	$145,386
Interest-bearing deposits	$117,851
Deposits held in domestic offices	$145,386
% insured (estimated)	$83
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$651

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$104,168
Loan and leases loss allowance	$1,566
Total loans and leases (domestic)	$105,734
All real estate loans	$73,547
Real estate loans in domestic offices	$73,547
Construction and development loans	$4,818
Residential 1-4 family construction	$4,393
Other construction, all land development and other land	$425
Loans secured by nonfarm nonresidential properties	$5,164
Nonfarm nonresidential secured by owner-occupied properties	$4,990
Commercial real estate & other non-farm, non-residential	$174
Multifamily residential real estate	$925
1-4 family residential loans	$29,144
Farmland loans	$33,496
Loans held in foreign offices	$0
Farm loans	$13,272
Commercial and industrial loans	$14,526
To non-U.S. addressees	$0
Loans to individuals	$4,336
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$1,993
Other loans to individuals	$2,343
All other loans & leases	$53
Loans to foreign governments and official institutions	$0
Other loans	$53
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	$482
Non 1-4 family restructured loans & leases	$277
Total loans and leases (foreign)	$0

The Tipton Latham Bank had $104,168,000 of loans outstanding in 2021. $73,547,000 of loans were in real estate loans. $4,818,000 of loans were in development loans. $925,000 of loans were in multifamily mortgage loans. $29,144,000 of loans were in 1-4 family mortgage loans. $13,272,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,993,000 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	22	$4,232	$192,364
Nonfarm, nonresidential loans - <$100k	9	$305	$33,889
Nonfarm, nonresidential loans - $100-250k	5	$629	$125,800
Nonfarm, nonresidential loans - $250k-1MM	8	$3,298	$412,250
Commercial & Industrial, US addressed loans - <$1MM	164	$11,667	$71,140
Commercial & Industrial, US addressed loans - <$100k	122	$3,007	$24,648
Commercial & Industrial, US addressed loans - $100-250k	25	$2,128	$85,120
Commercial & Industrial, US addressed loans - $250k-1MM	17	$6,532	$384,235
Farmland loans - <$1MM	98	$22,395	$228,520
Farmland loans - <$100k	33	$1,505	$45,606
Farmland loans - $100-250k	22	$2,708	$123,091
Farmland loans - $250k-1MM	43	$18,182	$422,837
Agriculture operations loans - <$1MM	229	$9,935	$43,384
Agriculture operations loans - <$100k	200	$5,016	$25,080
Agriculture operations loans - $100-250k	21	$2,572	$122,476
Agriculture operations loans - $250k-1MM	8	$2,347	$293,375