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
79Origination Dollar Volume (All Markets)
$15,705,000Employee count
60Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SPRINGFIELD, MO (FHA|USDA|VA) | 67 | $14,555,000 | $217,239 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $540,000 | $67,500 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 79 | $15,705,000 | $198,797 | $0 | 0.00% |
For 2019, Ozark Bank's most frequently originated type of loan was Conventional, with 79 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 48 | $5,470,000 | $113,958 | $0 | 0.00% |
| Refi | 26 | $9,960,000 | $383,077 | $0 | 0.00% |
| Home Improvement | 5 | $275,000 | $55,000 | $0 | 0.00% |
For 2019, Ozark Bank's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 79 | $15,705,000 | $198,797 | $0 | 0.00% |
For 2019, Ozark Bank's most frequently cited loan duration was Other, with 79 originations.
Loan Sizing
2019 saw Ozark Bank place emphasis on $100,000 or less loans with 41 originations, totaling $2,335,000 in origination value.
Applicant Income
Ozark Bank lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $50k or less, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 79 | $15,705,000 | $198,797 | $0 | 0.00% |
Ozark Bank lent most frequently to those with DTI ratios of Exempt%, with 79 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.50%
Ozark Bank has an average approval rate.
Pick Rate
Approvals leading to origination74.68%
Ozark Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 79 | $15,705,000 | $198,797 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Ozark Bank | State Highway 14 Ozark, MO 65721 | Full Service B&M | $27,877 |
| Ozark Bank | 106-112 North 2nd Avenue Ozark, MO 65721 | Full Service B&M | $100,562 |
| Ozark Bank | 1351 West State Highway Nn Ozark, MO 65721 | Full Service B&M | $32,050 |
| Ozark Bank | 410 Massey Boulevard Nixa, MO 65714 | Full Service B&M | $51,195 |
For 2019, Ozark Bank had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $10,391 |
| Net interest income | $8,333 |
| Total noninterest income | $1,255 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $335 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $920 |
| Pre-tax net operating income | $2,691 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $2,691 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,691 |
| Minority interest net income | $0 |
| Net income | $2,691 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,691 |
Ozark Bank's gross interest income from loans was $10,391,000.
Ozark Bank's net interest income from loans was $8,333,000.
Ozark Bank's fee based income from loans was $335,000.
Ozark Bank's net income from loans was $2,691,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,058 |
| Provision for credit losses | $240 |
| Total noninterest expense | $6,657 |
| Salaries and employee benefits | $4,567 |
| Premises and equipment expense | $699 |
| Additional noninterest expense | $1,391 |
| Applicable income taxes | $0 |
| Net charge-offs | $-53 |
| Cash dividends | $2,625 |
Ozark Bank's interest expense for loans was $2,058,000.
Ozark Bank's payroll and benefits expense were $4,567,000.
Ozark Bank's property, plant and equipment expenses $699,000.
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 | $249,710 |
| Deposits held in domestic offices | $249,710 |
| Deposits by Individuals, partnerships, and corporations | $159,463 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $86,230 |
| Deposits by Commercial banks and other depository institutions in U.S. | $4,016 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $159,144 |
| Demand deposits | $27,016 |
| Nontransaction accounts | $90,566 |
| Money market deposit accounts (MMDAs) | $23,430 |
| Other savings deposits (excluding MMDAs) | $15,324 |
| Total time deposits | $51,812 |
| Total time and savings deposits | $222,694 |
| Noninterest-bearing deposits | $27,016 |
| Interest-bearing deposits | $222,693 |
| Retail deposits | $234,155 |
| IRAs and Keogh plan accounts | $7,237 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $282,026 |
| Cash & Balances due from depository institutions | $30,607 |
| Interest-bearing balances | $26,499 |
| Total securities | $58,794 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $183,223 |
| Loan and leases loss allowance | $1,841 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,084 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $6,318 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $282,026 |
| Total Liabilities | $256,563 |
| Total deposits | $249,710 |
| Interest-bearing deposits | $222,693 |
| Deposits held in domestic offices | $249,710 |
| % insured (estimated) | $59 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $6,000 |
| Subordinated debt | $0 |
| All other liabilities | $853 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $183,223 |
| Loan and leases loss allowance | $1,841 |
| Total loans and leases (domestic) | $185,064 |
| All real estate loans | $169,038 |
| Real estate loans in domestic offices | $169,038 |
| Construction and development loans | $22,290 |
| Residential 1-4 family construction | $7,335 |
| Other construction, all land development and other land | $14,955 |
| Loans secured by nonfarm nonresidential properties | $62,512 |
| Nonfarm nonresidential secured by owner-occupied properties | $28,283 |
| Commercial real estate & other non-farm, non-residential | $34,229 |
| Multifamily residential real estate | $11,725 |
| 1-4 family residential loans | $63,897 |
| Farmland loans | $8,614 |
| Loans held in foreign offices | $0 |
| Farm loans | $1,295 |
| Commercial and industrial loans | $12,868 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,848 |
| Credit card loans | $0 |
| Related Plans | $12 |
| Consumer Auto Loans | $1,413 |
| Other loans to individuals | $423 |
| All other loans & leases | $15 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $15 |
| 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 $183,223,000 of loans outstanding in 2019. $169,038,000 of loans were in real estate loans. $22,290,000 of loans were in development loans. $11,725,000 of loans were in multifamily mortgage loans. $63,897,000 of loans were in 1-4 family mortgage loans. $1,295,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,413,000 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 | 95 | $21,932 | $230,863 |
| Nonfarm, nonresidential loans - <$100k | 20 | $1,058 | $52,900 |
| Nonfarm, nonresidential loans - $100-250k | 27 | $3,654 | $135,333 |
| Nonfarm, nonresidential loans - $250k-1MM | 48 | $17,220 | $358,750 |
| Commercial & Industrial, US addressed loans - <$1MM | 109 | $6,491 | $59,550 |
| Commercial & Industrial, US addressed loans - <$100k | 85 | $2,441 | $28,718 |
| Commercial & Industrial, US addressed loans - $100-250k | 16 | $1,581 | $98,813 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 8 | $2,469 | $308,625 |
| Farmland loans - <$1MM | 45 | $4,651 | $103,356 |
| Farmland loans - <$100k | 23 | $992 | $43,130 |
| Farmland loans - $100-250k | 13 | $1,397 | $107,462 |
| Farmland loans - $250k-1MM | 9 | $2,262 | $251,333 |
| Agriculture operations loans - <$1MM | 37 | $1,295 | $35,000 |
| Agriculture operations loans - <$100k | 36 | $1,040 | $28,889 |
| Agriculture operations loans - $250k-1MM | 1 | $255 | $255,000 |