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 markets by origination volume include: Springfield, Branson, Lebanon, Daphne, and Crestview among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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.

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

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    Originations

    112

    Origination Dollar Volume (All Markets)

    $27,880,000

    Employee count

    57

    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) 85 $19,815,000 $233,118 $0 0.00%
    Branson, MO (FHA|USDA|VA) 16 $2,860,000 $178,750 $0 0.00%
    Outside of Metro Areas 8 $1,550,000 $193,750 $0 0.00%
    Lebanon, MO (FHA|USDA|VA) 1 $1,445,000 $1,445,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
    Ozark Bank's top markets include Springfield, Branson, Lebanon, Daphne, and Crestview among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 112 $27,880,000 $248,929 $0 0.00%

    For 2021, Ozark Bank's most frequently originated type of loan was Conventional, with 112 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 78 $20,940,000 $268,462 $0 0.00%
    Refi 27 $6,265,000 $232,037 $0 0.00%
    Home Improvement 4 $490,000 $122,500 $0 0.00%
    Other 3 $185,000 $61,667 $0 0.00%

    For 2021, Ozark Bank's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 112 $27,880,000 $248,929 $0 0.00%

    For 2021, Ozark Bank's most frequently cited loan duration was Other, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,840,000 $64,545 $0 0.00%
    $100k-200k 42 $5,600,000 $133,333 $0 0.00%
    $200k-400k 13 $3,555,000 $273,462 $0 0.00%
    $400k-600k 6 $2,880,000 $480,000 $0 0.00%
    $600k-1MM 4 $3,170,000 $792,500 $0 0.00%
    $1MM+ 3 $9,835,000 $3,278,333 $0 0.00%

    2021 saw Ozark Bank place emphasis on $100,000 or less loans with 44 originations, totaling $2,840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 12 $1,460,000 $121,667 $0 0.00%
    $75k-100k 11 $1,955,000 $177,727 $0 0.00%
    $250k+ 8 $2,920,000 $365,000 $0 0.00%
    $100k-150k 7 $1,365,000 $195,000 $0 0.00%
    $50k or less 6 $620,000 $103,333 $0 0.00%
    $150k-250k 2 $730,000 $365,000 $0 0.00%

    Ozark Bank lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $75k-100k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 112 $27,880,000 $248,929 $0 0.00%

    Ozark Bank lent most frequently to those with DTI ratios of Exempt%, with 112 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 66 $18,830,000 $285,303 $0 0.00%
    White 44 $8,990,000 $204,318 $0 0.00%
    American Indian 1 $35,000 $35,000 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.44%

    Ozark Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    64.29%

    Ozark Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 112 $27,880,000 $248,929

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    112 $27,880,000 $248,929

    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 $126,318
    Ozark Bank 1351 West State Highway Nn Ozark, MO 65721 Full Service B&M $45,756
    Ozark Bank 410 Massey Boulevard Nixa, MO 65714 Full Service B&M $64,341
    Ozark Bank State Highway 14 Ozark, MO 65721 Full Service B&M $35,716

    For 2021, Ozark Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,896
    Net interest income $10,035
    Total noninterest income $1,604
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $285
    Trading account gains and fees $0
    Additional Noninterest Income $1,319
    Pre-tax net operating income $4,105
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,105
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,105
    Minority interest net income $0
    Net income $4,105
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,105

    Ozark Bank's gross interest income from loans was $10,896,000.
    Ozark Bank's net interest income from loans was $10,035,000.
    Ozark Bank's fee based income from loans was $285,000.
    Ozark Bank's net income from loans was $4,105,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $861
    Provision for credit losses $310
    Total noninterest expense $7,224
    Salaries and employee benefits $4,769
    Premises and equipment expense $713
    Additional noninterest expense $1,742
    Applicable income taxes $0
    Net charge-offs $-25
    Cash dividends $3,000

    Ozark Bank's interest expense for loans was $861,000.
    Ozark Bank's payroll and benefits expense were $4,769,000.
    Ozark Bank's property, plant and equipment expenses $713,000.

    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 $351,654
    Deposits held in domestic offices $351,654
    Deposits by Individuals, partnerships, and corporations $227,183
    Deposits by U.S. Government $10
    Deposits by States and political subdivisions in the U.S. $122,092
    Deposits by Commercial banks and other depository institutions in U.S. $2,369
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $247,750
    Demand deposits $57,550
    Nontransaction accounts $103,904
    Money market deposit accounts (MMDAs) $36,428
    Other savings deposits (excluding MMDAs) $29,067
    Total time deposits $38,408
    Total time and savings deposits $294,104
    Noninterest-bearing deposits $57,550
    Interest-bearing deposits $294,104
    Retail deposits $342,303
    IRAs and Keogh plan accounts $6,560
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $383,527
    Cash & Balances due from depository institutions $109,387
    Interest-bearing balances $104,273
    Total securities $67,002
    Federal funds sold & reverse repurchase $0
    Net loans and leases $196,854
    Loan and leases loss allowance $2,569
    Trading account assets $0
    Bank premises and fixed assets $2,773
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $7,511

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $383,527
    Total Liabilities $356,514
    Total deposits $351,654
    Interest-bearing deposits $294,104
    Deposits held in domestic offices $351,654
    % insured (estimated) $57
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,000
    Subordinated debt $0
    All other liabilities $860

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $196,854
    Loan and leases loss allowance $2,569
    Total loans and leases (domestic) $199,423
    All real estate loans $183,333
    Real estate loans in domestic offices $183,333
    Construction and development loans $17,466
    Residential 1-4 family construction $8,450
    Other construction, all land development and other land $9,016
    Loans secured by nonfarm nonresidential properties $67,433
    Nonfarm nonresidential secured by owner-occupied properties $23,516
    Commercial real estate & other non-farm, non-residential $43,917
    Multifamily residential real estate $22,666
    1-4 family residential loans $63,736
    Farmland loans $12,032
    Loans held in foreign offices $0
    Farm loans $747
    Commercial and industrial loans $13,174
    To non-U.S. addressees $0
    Loans to individuals $2,206
    Credit card loans $0
    Related Plans $10
    Consumer Auto Loans $1,527
    Other loans to individuals $669
    All other loans & leases $12
    Loans to foreign governments and official institutions $0
    Other loans $12
    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 $172
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Ozark Bank had $196,854,000 of loans outstanding in 2021. $183,333,000 of loans were in real estate loans. $17,466,000 of loans were in development loans. $22,666,000 of loans were in multifamily mortgage loans. $63,736,000 of loans were in 1-4 family mortgage loans. $747,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,527,000 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 91 $21,244 $233,451
    Nonfarm, nonresidential loans - <$100k 14 $659 $47,071
    Nonfarm, nonresidential loans - $100-250k 27 $3,724 $137,926
    Nonfarm, nonresidential loans - $250k-1MM 50 $16,861 $337,220
    Commercial & Industrial, US addressed loans - <$1MM 118 $5,855 $49,619
    Commercial & Industrial, US addressed loans - <$100k 98 $2,421 $24,704
    Commercial & Industrial, US addressed loans - $100-250k 15 $1,452 $96,800
    Commercial & Industrial, US addressed loans - $250k-1MM 5 $1,982 $396,400
    Farmland loans - <$1MM 61 $5,880 $96,393
    Farmland loans - <$100k 35 $1,612 $46,057
    Farmland loans - $100-250k 18 $2,117 $117,611
    Farmland loans - $250k-1MM 8 $2,151 $268,875
    Agriculture operations loans - <$1MM 38 $747 $19,658
    Agriculture operations loans - <$100k 38 $747 $19,658