Bank Of Yazoo City Mortgage Rates, Fees & Info

Yazoo City, MS

LEI: 5493003CEZ9JGZYJ4J88

Tax ID: 64-0117340

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

Jump to:

Mortgage Data

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

    Bank Of Yazoo City is a smaller bank specializing in Refi and Home Purchase loans. Bank Of Yazoo City has a high proportion of conventional loans. Their top markets by origination volume include: Jackson, Daphne, Starkville, Oxford, and Greenwood among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of Yazoo City 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.

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

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    122

    Origination Dollar Volume (All Markets)

    $11,290,000

    Employee count

    48

    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
    JACKSON, MS (FHA|USDA|VA) 115 $9,955,000 $86,565 $0 0.00%
    Outside of Metro Areas 3 $765,000 $255,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    Starkville, MS (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Oxford, MS (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Greenwood, MS (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Bank Of Yazoo City's top markets include Jackson, Daphne, Starkville, Oxford, and Greenwood among others.

    Their top states include:
  • Mississippi (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 122 $11,290,000 $92,541 $0 0.00%

    For 2019, Bank Of Yazoo City's most frequently originated type of loan was Conventional, with 122 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 78 $5,930,000 $76,026 $0 0.00%
    Home Purchase 29 $4,725,000 $162,931 $0 0.00%
    Home Improvement 13 $565,000 $43,462 $0 0.00%
    Other 2 $70,000 $35,000 $0 0.00%

    For 2019, Bank Of Yazoo City's most frequently cited loan purpose was Refi, with 78 originations. The 2nd most popular reason was Home Purchase, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 122 $11,290,000 $92,541 $0 0.00%

    For 2019, Bank Of Yazoo City's most frequently cited loan duration was Other, with 122 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 88 $3,850,000 $43,750 $0 0.00%
    $100k-200k 23 $2,775,000 $120,652 $0 0.00%
    $200k-400k 7 $2,065,000 $295,000 $0 0.00%
    $600k-1MM 3 $2,095,000 $698,333 $0 0.00%
    $400k-600k 1 $505,000 $505,000 $0 0.00%

    2019 saw Bank Of Yazoo City place emphasis on $100,000 or less loans with 88 originations, totaling $3,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 23 $1,375,000 $59,783 $0 0.00%
    $100k-150k 21 $1,695,000 $80,714 $0 0.00%
    $50k or less 21 $935,000 $44,524 $0 0.00%
    $75k-100k 19 $1,415,000 $74,474 $0 0.00%
    $150k-250k 14 $2,380,000 $170,000 $0 0.00%
    $250k+ 4 $1,050,000 $262,500 $0 0.00%

    Bank Of Yazoo City lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $100k-150k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 122 $11,290,000 $92,541 $0 0.00%

    Bank Of Yazoo City lent most frequently to those with DTI ratios of Exempt%, with 122 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $8,050,000 $103,205 $0 0.00%
    Not applicable 13 $1,655,000 $127,308 $0 0.00%
    Black 31 $1,585,000 $51,129 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.36%

    Bank Of Yazoo City has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    89.34%

    Bank Of Yazoo City has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 122 $11,290,000 $92,541

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $685,000 $685,000
    Single Family (1-4 Units):Manufactured 12 $410,000 $34,167
    Single Family (1-4 Units):Site-Built 109 $10,195,000 $93,532

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 7.1%
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 1 7.1%
    BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 2 14.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 42.9%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Yazoo City 104 North Main Street Yazoo City, MS 39194 Full Service B&M $179,525
    Bank of Yazoo City 1405 Jerry Clower Yazoo City, MS 39194 Limited, Drive-thru $5,605
    Bank of Yazoo City 1717 Old Fannin Road Flowood, MS 39232 Full Service B&M $8,639
    Bank of Yazoo City 5650 Highway 80 East Pearl, MS 39208 Full Service B&M $14,110
    Bank of Yazoo City 686 Highway 49 Flora, MS 39071 Full Service B&M $8,572

    For 2019, Bank Of Yazoo City had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,063
    Net interest income $7,713
    Total noninterest income $1,844
    Gross Fiduciary activities income $11
    Service charges on deposit accounts $1,048
    Trading account gains and fees $0
    Additional Noninterest Income $785
    Pre-tax net operating income $2,764
    Securities gains (or losses, -) $6
    Income before extraordinary items $2,256
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,256
    Minority interest net income $0
    Net income $2,256
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,251

    Bank Of Yazoo City's gross interest income from loans was $9,063,000.
    Bank Of Yazoo City's net interest income from loans was $7,713,000.
    Bank Of Yazoo City's fee based income from loans was $1,048,000.
    Bank Of Yazoo City's net income from loans was $2,256,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,350
    Provision for credit losses $0
    Total noninterest expense $6,793
    Salaries and employee benefits $3,515
    Premises and equipment expense $806
    Additional noninterest expense $2,472
    Applicable income taxes $514
    Net charge-offs $860
    Cash dividends $937

    Bank Of Yazoo City's interest expense for loans was $1,350,000.
    Bank Of Yazoo City's payroll and benefits expense were $3,515,000.
    Bank Of Yazoo City's property, plant and equipment expenses $806,000.

    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 0.3%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $207,983
    Deposits held in domestic offices $207,983
    Deposits by Individuals, partnerships, and corporations $161,736
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $46,247
    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 $104,014
    Demand deposits $48,799
    Nontransaction accounts $103,969
    Money market deposit accounts (MMDAs) $29,758
    Other savings deposits (excluding MMDAs) $14,322
    Total time deposits $59,890
    Total time and savings deposits $159,184
    Noninterest-bearing deposits $47,786
    Interest-bearing deposits $160,197
    Retail deposits $194,860
    IRAs and Keogh plan accounts $10,116
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $239,217
    Cash & Balances due from depository institutions $6,535
    Interest-bearing balances $3,881
    Total securities $82,962
    Federal funds sold & reverse repurchase $0
    Net loans and leases $128,506
    Loan and leases loss allowance $1,248
    Trading account assets $0
    Bank premises and fixed assets $9,232
    Other real estate owned $2,240
    Goodwill and other intangibles $0
    All other assets $9,742

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $239,217
    Total Liabilities $211,062
    Total deposits $207,983
    Interest-bearing deposits $160,197
    Deposits held in domestic offices $207,983
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,079

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $128,506
    Loan and leases loss allowance $1,248
    Total loans and leases (domestic) $129,754
    All real estate loans $100,786
    Real estate loans in domestic offices $100,786
    Construction and development loans $6,097
    Residential 1-4 family construction $919
    Other construction, all land development and other land $5,178
    Loans secured by nonfarm nonresidential properties $25,494
    Nonfarm nonresidential secured by owner-occupied properties $9,526
    Commercial real estate & other non-farm, non-residential $15,968
    Multifamily residential real estate $1,929
    1-4 family residential loans $44,538
    Farmland loans $22,728
    Loans held in foreign offices $0
    Farm loans $4,799
    Commercial and industrial loans $13,392
    To non-U.S. addressees $0
    Loans to individuals $4,570
    Credit card loans $779
    Related Plans $96
    Consumer Auto Loans $1,642
    Other loans to individuals $2,053
    All other loans & leases $6,207
    Loans to foreign governments and official institutions $0
    Other loans $188
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Bank of Yazoo City had $128,506,000 of loans outstanding in 2019. $100,786,000 of loans were in real estate loans. $6,097,000 of loans were in development loans. $1,929,000 of loans were in multifamily mortgage loans. $44,538,000 of loans were in 1-4 family mortgage loans. $4,799,000 of loans were in farm loans. $779,000 of loans were in credit card loans. $1,642,000 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 96 $13,162 $137,104
    Nonfarm, nonresidential loans - <$100k 40 $1,489 $37,225
    Nonfarm, nonresidential loans - $100-250k 35 $3,460 $98,857
    Nonfarm, nonresidential loans - $250k-1MM 21 $8,213 $391,095
    Commercial & Industrial, US addressed loans - <$1MM 228 $7,774 $34,096
    Commercial & Industrial, US addressed loans - <$100k 191 $2,860 $14,974
    Commercial & Industrial, US addressed loans - $100-250k 28 $2,941 $105,036
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $1,973 $219,222
    Farmland loans - <$1MM 92 $7,539 $81,946
    Farmland loans - <$100k 59 $2,341 $39,678
    Farmland loans - $100-250k 25 $3,370 $134,800
    Farmland loans - $250k-1MM 8 $1,828 $228,500
    Agriculture operations loans - <$1MM 64 $2,154 $33,656
    Agriculture operations loans - <$100k 51 $1,011 $19,824
    Agriculture operations loans - $100-250k 11 $1,075 $97,727
    Agriculture operations loans - $250k-1MM 2 $68 $34,000