Ozark Bank Mortgage Rates, Fees & Info
Ozark, MOLEI: 5493006BPEIMPS70UU26
Tax ID: 44-0380840
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Mortgage Data
Bank Data
Review & Overview
Ozark Bank is a smaller bank specializing in Home Purchase and Refi loans. Ozark Bank has a high proportion of conventional loans. Their top two markets are Springfield and Branson .Ozark 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
95Origination Dollar Volume (All Markets)
$17,225,000Employee count
59Top 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 |
|---|---|---|---|---|---|
| SPRINGFIELD, MO (FHA|USDA|VA) | 82 | $15,610,000 | $190,366 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $930,000 | $116,250 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 95 | $17,225,000 | $181,316 | $0 | 0.00% |
For 2018, Ozark Bank's most frequently originated type of loan was Conventional, with 95 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 66 | $7,160,000 | $108,485 | $0 | 0.00% |
| Refi | 24 | $9,850,000 | $410,417 | $0 | 0.00% |
| Home Improvement | 5 | $215,000 | $43,000 | $0 | 0.00% |
For 2018, Ozark Bank's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 95 | $17,225,000 | $181,316 | $0 | 0.00% |
For 2018, Ozark Bank's most frequently cited loan duration was Other, with 95 originations.
Loan Sizing
2018 saw Ozark Bank place emphasis on $100,000 or less loans with 43 originations, totaling $2,565,000 in origination value.
Applicant Income
Ozark Bank lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $50k or less, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 95 | $17,225,000 | $181,316 | $0 | 0.00% |
Ozark Bank lent most frequently to those with DTI ratios of Exempt%, with 95 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.60%
Ozark Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.11%
Ozark Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 95 | $17,225,000 | $181,316 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Ozark Bank | 106-112 North 2nd Avenue Ozark, MO 65721 | Full Service B&M | $107,344 |
| Ozark Bank | 1351 West State Highway Nn Ozark, MO 65721 | Full Service B&M | $30,600 |
| Ozark Bank | 410 Massey Boulevard Nixa, MO 65714 | Full Service B&M | $39,171 |
| Ozark Bank | State Highway 14 Ozark, MO 65721 | Full Service B&M | $24,812 |
For 2018, Ozark Bank had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $9,224 |
| Net interest income | $7,713 |
| Total noninterest income | $1,291 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $344 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $947 |
| Pre-tax net operating income | $2,470 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $2,470 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,470 |
| Minority interest net income | $0 |
| Net income | $2,470 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,470 |
Ozark Bank's gross interest income from loans was $9,224,000.
Ozark Bank's net interest income from loans was $7,713,000.
Ozark Bank's fee based income from loans was $344,000.
Ozark Bank's net income from loans was $2,470,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,511 |
| Provision for credit losses | $218 |
| Total noninterest expense | $6,316 |
| Salaries and employee benefits | $4,308 |
| Premises and equipment expense | $612 |
| Additional noninterest expense | $1,396 |
| Applicable income taxes | $0 |
| Net charge-offs | $196 |
| Cash dividends | $1,750 |
Ozark Bank's interest expense for loans was $1,511,000.
Ozark Bank's payroll and benefits expense were $4,308,000.
Ozark Bank's property, plant and equipment expenses $612,000.
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 | $248,619 |
| Deposits held in domestic offices | $248,619 |
| Deposits by Individuals, partnerships, and corporations | $159,258 |
| Deposits by U.S. Government | $3 |
| Deposits by States and political subdivisions in the U.S. | $84,599 |
| Deposits by Commercial banks and other depository institutions in U.S. | $4,759 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $158,398 |
| Demand deposits | $24,007 |
| Nontransaction accounts | $90,221 |
| Money market deposit accounts (MMDAs) | $21,115 |
| Other savings deposits (excluding MMDAs) | $15,114 |
| Total time deposits | $53,991 |
| Total time and savings deposits | $224,612 |
| Noninterest-bearing deposits | $24,007 |
| Interest-bearing deposits | $224,611 |
| Retail deposits | $230,912 |
| IRAs and Keogh plan accounts | $7,491 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $273,619 |
| Cash & Balances due from depository institutions | $12,557 |
| Interest-bearing balances | $8,123 |
| Total securities | $87,469 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $164,542 |
| Loan and leases loss allowance | $1,549 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,083 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $5,968 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $273,619 |
| Total Liabilities | $249,411 |
| Total deposits | $248,619 |
| Interest-bearing deposits | $224,611 |
| Deposits held in domestic offices | $248,619 |
| % insured (estimated) | $59 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $792 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $164,542 |
| Loan and leases loss allowance | $1,549 |
| Total loans and leases (domestic) | $166,091 |
| All real estate loans | $151,492 |
| Real estate loans in domestic offices | $151,492 |
| Construction and development loans | $16,771 |
| Residential 1-4 family construction | $7,637 |
| Other construction, all land development and other land | $9,134 |
| Loans secured by nonfarm nonresidential properties | $59,720 |
| Nonfarm nonresidential secured by owner-occupied properties | $25,198 |
| Commercial real estate & other non-farm, non-residential | $34,522 |
| Multifamily residential real estate | $10,934 |
| 1-4 family residential loans | $58,029 |
| Farmland loans | $6,038 |
| Loans held in foreign offices | $0 |
| Farm loans | $533 |
| Commercial and industrial loans | $12,352 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,679 |
| Credit card loans | $0 |
| Related Plans | $10 |
| Consumer Auto Loans | $1,241 |
| Other loans to individuals | $428 |
| All other loans & leases | $36 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $36 |
| 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 |
Ozark Bank had $164,542,000 of loans outstanding in 2018. $151,492,000 of loans were in real estate loans. $16,771,000 of loans were in development loans. $10,934,000 of loans were in multifamily mortgage loans. $58,029,000 of loans were in 1-4 family mortgage loans. $533,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,241,000 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 | 88 | $22,661 | $257,511 |
| Nonfarm, nonresidential loans - <$100k | 15 | $749 | $49,933 |
| Nonfarm, nonresidential loans - $100-250k | 25 | $3,347 | $133,880 |
| Nonfarm, nonresidential loans - $250k-1MM | 48 | $18,565 | $386,771 |
| Commercial & Industrial, US addressed loans - <$1MM | 115 | $7,386 | $64,226 |
| Commercial & Industrial, US addressed loans - <$100k | 89 | $2,419 | $27,180 |
| Commercial & Industrial, US addressed loans - $100-250k | 17 | $1,682 | $98,941 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 9 | $3,285 | $365,000 |
| Farmland loans - <$1MM | 37 | $3,758 | $101,568 |
| Farmland loans - <$100k | 17 | $774 | $45,529 |
| Farmland loans - $100-250k | 13 | $1,272 | $97,846 |
| Farmland loans - $250k-1MM | 7 | $1,712 | $244,571 |
| Agriculture operations loans - <$1MM | 26 | $533 | $20,500 |
| Agriculture operations loans - <$100k | 26 | $533 | $20,500 |