Ozark Bank Mortgage Rates, Fees & Info

Ozark, MO

LEI: 5493006BPEIMPS70UU26

Tax ID: 44-0380840

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Mortgage Data

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

    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.

    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.

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    Originations

    108

    Origination Dollar Volume (All Markets)

    $29,190,000

    Employee count

    60

    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
    SPRINGFIELD, MO (FHA|USDA|VA) 88 $26,370,000 $299,659 $0 0.00%
    Branson, MO (FHA|USDA|VA) 9 $1,885,000 $209,444 $0 0.00%
    Outside of Metro Areas 11 $935,000 $85,000 $0 0.00%
    Ozark Bank's top markets include Springfield and Branson among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $29,190,000 $270,278 $0 0.00%

    For 2020, Ozark Bank's most frequently originated type of loan was Conventional, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 76 $10,500,000 $138,158 $0 0.00%
    Refi 23 $18,015,000 $783,261 $0 0.00%
    Home Improvement 6 $380,000 $63,333 $0 0.00%
    Other 3 $295,000 $98,333 $0 0.00%

    For 2020, Ozark Bank's most frequently cited loan purpose was Home Purchase, with 76 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 108 $29,190,000 $270,278 $0 0.00%

    For 2020, Ozark Bank's most frequently cited loan duration was Other, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 64 $3,890,000 $60,781 $0 0.00%
    $100k-200k 25 $3,285,000 $131,400 $0 0.00%
    $200k-400k 12 $3,140,000 $261,667 $0 0.00%
    $1MM+ 5 $17,415,000 $3,483,000 $0 0.00%
    $600k-1MM 2 $1,460,000 $730,000 $0 0.00%

    2020 saw Ozark Bank place emphasis on $100,000 or less loans with 64 originations, totaling $3,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 11 $1,195,000 $108,636 $0 0.00%
    $50k-75k 7 $765,000 $109,286 $0 0.00%
    $100k-150k 6 $720,000 $120,000 $0 0.00%
    $50k or less 6 $460,000 $76,667 $0 0.00%
    $150k-250k 5 $895,000 $179,000 $0 0.00%

    Ozark Bank lent most frequently to those with incomes in the $75k-100k range, with 11 originations. The second most popular income band? $50k-75k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 108 $29,190,000 $270,278 $0 0.00%

    Ozark Bank lent most frequently to those with DTI ratios of Exempt%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 71 $24,735,000 $348,380 $0 0.00%
    White 36 $4,320,000 $120,000 $0 0.00%
    Asian 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.05%

    Ozark Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.22%

    Ozark Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 108 $29,190,000 $270,278

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $18,950,000 $1,895,000
    Single Family (1-4 Units):Manufactured 2 $50,000 $25,000
    Single Family (1-4 Units):Site-Built 96 $10,190,000 $106,146

    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 $114,034
    Ozark Bank 1351 West State Highway Nn Ozark, MO 65721 Full Service B&M $40,021
    Ozark Bank 410 Massey Boulevard Nixa, MO 65714 Full Service B&M $56,448
    Ozark Bank State Highway 14 Ozark, MO 65721 Full Service B&M $31,450

    For 2020, Ozark Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,592
    Net interest income $9,072
    Total noninterest income $1,443
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $270
    Trading account gains and fees $0
    Additional Noninterest Income $1,173
    Pre-tax net operating income $3,204
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,204
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,204
    Minority interest net income $0
    Net income $3,204
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,204

    Ozark Bank's gross interest income from loans was $10,592,000.
    Ozark Bank's net interest income from loans was $9,072,000.
    Ozark Bank's fee based income from loans was $270,000.
    Ozark Bank's net income from loans was $3,204,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,520
    Provision for credit losses $380
    Total noninterest expense $6,931
    Salaries and employee benefits $4,688
    Premises and equipment expense $741
    Additional noninterest expense $1,502
    Applicable income taxes $0
    Net charge-offs $-12
    Cash dividends $2,125

    Ozark Bank's interest expense for loans was $1,520,000.
    Ozark Bank's payroll and benefits expense were $4,688,000.
    Ozark Bank's property, plant and equipment expenses $741,000.

    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 $299,927
    Deposits held in domestic offices $299,927
    Deposits by Individuals, partnerships, and corporations $195,109
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $95,583
    Deposits by Commercial banks and other depository institutions in U.S. $9,235
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $196,380
    Demand deposits $37,849
    Nontransaction accounts $103,547
    Money market deposit accounts (MMDAs) $29,200
    Other savings deposits (excluding MMDAs) $22,030
    Total time deposits $52,318
    Total time and savings deposits $262,078
    Noninterest-bearing deposits $37,849
    Interest-bearing deposits $262,077
    Retail deposits $286,724
    IRAs and Keogh plan accounts $7,278
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $331,835
    Cash & Balances due from depository institutions $27,664
    Interest-bearing balances $20,617
    Total securities $98,934
    Federal funds sold & reverse repurchase $0
    Net loans and leases $195,551
    Loan and leases loss allowance $2,234
    Trading account assets $0
    Bank premises and fixed assets $3,008
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $6,678

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $331,835
    Total Liabilities $304,813
    Total deposits $299,927
    Interest-bearing deposits $262,077
    Deposits held in domestic offices $299,927
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,000
    Subordinated debt $0
    All other liabilities $886

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $195,551
    Loan and leases loss allowance $2,234
    Total loans and leases (domestic) $197,785
    All real estate loans $177,228
    Real estate loans in domestic offices $177,228
    Construction and development loans $14,440
    Residential 1-4 family construction $5,722
    Other construction, all land development and other land $8,718
    Loans secured by nonfarm nonresidential properties $66,035
    Nonfarm nonresidential secured by owner-occupied properties $27,348
    Commercial real estate & other non-farm, non-residential $38,687
    Multifamily residential real estate $18,819
    1-4 family residential loans $66,517
    Farmland loans $11,417
    Loans held in foreign offices $0
    Farm loans $744
    Commercial and industrial loans $17,428
    To non-U.S. addressees $0
    Loans to individuals $2,131
    Credit card loans $0
    Related Plans $5
    Consumer Auto Loans $1,607
    Other loans to individuals $519
    All other loans & leases $395
    Loans to foreign governments and official institutions $0
    Other loans $32
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $358
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $184
    Non 1-4 family restructured loans & leases $1
    Total loans and leases (foreign) $0

    Ozark Bank had $195,551,000 of loans outstanding in 2020. $177,228,000 of loans were in real estate loans. $14,440,000 of loans were in development loans. $18,819,000 of loans were in multifamily mortgage loans. $66,517,000 of loans were in 1-4 family mortgage loans. $744,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,607,000 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 89 $20,051 $225,292
    Nonfarm, nonresidential loans - <$100k 17 $876 $51,529
    Nonfarm, nonresidential loans - $100-250k 28 $3,624 $129,429
    Nonfarm, nonresidential loans - $250k-1MM 44 $15,551 $353,432
    Commercial & Industrial, US addressed loans - <$1MM 124 $6,327 $51,024
    Commercial & Industrial, US addressed loans - <$100k 99 $2,849 $28,778
    Commercial & Industrial, US addressed loans - $100-250k 19 $1,760 $92,632
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $1,718 $286,333
    Farmland loans - <$1MM 54 $5,222 $96,704
    Farmland loans - <$100k 28 $1,306 $46,643
    Farmland loans - $100-250k 18 $2,032 $112,889
    Farmland loans - $250k-1MM 8 $1,884 $235,500
    Agriculture operations loans - <$1MM 36 $744 $20,667
    Agriculture operations loans - <$100k 36 $744 $20,667