The Seymour Bank Mortgage Rates, Fees & Info

Seymour, MO

LEI: 5493007TX73PE04VDT88

Tax ID: 44-0428455

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Mortgage Data

Bank Data

Review & Overview

The Seymour Bank is a smaller bank specializing in Home Purchase and Refi loans. The Seymour Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Springfield, Branson, and Lebanon among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Seymour Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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Originations

86

Origination Dollar Volume (All Markets)

$7,740,000

Employee count

49

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) 59 $5,325,000 $90,254 $0 0.00%
Outside of Metro Areas 24 $1,890,000 $78,750 $0 0.00%
Branson, MO (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
Lebanon, MO (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
The Seymour Bank's top markets include Springfield, Branson, and Lebanon among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 83 $7,415,000 $89,337 $0 0.00%
    USDA 3 $325,000 $108,333 $0 0.00%

    For 2018, The Seymour Bank's most frequently originated type of loan was Conventional, with 83 originations. Their 2nd most popular type was USDA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 46 $3,910,000 $85,000 $0 0.00%
    Refi 32 $3,200,000 $100,000 $0 0.00%
    Home Improvement 8 $630,000 $78,750 $0 0.00%

    For 2018, The Seymour Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 86 $7,740,000 $90,000 $0 0.00%

    For 2018, The Seymour Bank's most frequently cited loan duration was Other, with 86 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 57 $3,125,000 $54,825 $0 0.00%
    $100k-200k 23 $3,175,000 $138,043 $0 0.00%
    $200k-400k 6 $1,440,000 $240,000 $0 0.00%

    2018 saw The Seymour Bank place emphasis on $100,000 or less loans with 57 originations, totaling $3,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $2,765,000 $70,897 $0 0.00%
    $50k-75k 26 $2,480,000 $95,385 $0 0.00%
    $100k-150k 9 $1,335,000 $148,333 $0 0.00%
    $75k-100k 9 $745,000 $82,778 $0 0.00%
    $150k-250k 3 $415,000 $138,333 $0 0.00%

    The Seymour Bank lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $50k-75k, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 86 $7,740,000 $90,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.55%

    The Seymour Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    91.86%

    The Seymour Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 86 $7,740,000 $90,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 15 $695,000 $46,333
    Single Family (1-4 Units):Site-Built 71 $7,045,000 $99,225

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Seymour Bank 101 West Jefferson Street Marshfield, MO 65706 Full Service B&M $460
    The Seymour Bank 110 Dempsey Drive Rogersville, MO 65742 Full Service B&M $24,752
    The Seymour Bank 119 N. Main St Seymour, MO 65746 Full Service B&M $85,470

    For 2018, The Seymour Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,295
    Net interest income $5,317
    Total noninterest income $991
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $260
    Trading account gains and fees $0
    Additional Noninterest Income $731
    Pre-tax net operating income $1,336
    Securities gains (or losses, -) $-11
    Income before extraordinary items $1,081
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,081
    Minority interest net income $0
    Net income $1,081
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,090

    The Seymour Bank's gross interest income from loans was $6,295,000.
    The Seymour Bank's net interest income from loans was $5,317,000.
    The Seymour Bank's fee based income from loans was $260,000.
    The Seymour Bank's net income from loans was $1,081,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $978
    Provision for credit losses $19
    Total noninterest expense $4,953
    Salaries and employee benefits $2,758
    Premises and equipment expense $773
    Additional noninterest expense $1,422
    Applicable income taxes $244
    Net charge-offs $67
    Cash dividends $600

    The Seymour Bank's interest expense for loans was $978,000.
    The Seymour Bank's payroll and benefits expense were $2,758,000.
    The Seymour Bank's property, plant and equipment expenses $773,000.

    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 $106,794
    Deposits held in domestic offices $106,794
    Deposits by Individuals, partnerships, and corporations $100,202
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $6,592
    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 $42,282
    Demand deposits $18,641
    Nontransaction accounts $64,512
    Money market deposit accounts (MMDAs) $12,881
    Other savings deposits (excluding MMDAs) $12,374
    Total time deposits $39,256
    Total time and savings deposits $88,153
    Noninterest-bearing deposits $22,360
    Interest-bearing deposits $84,434
    Retail deposits $102,939
    IRAs and Keogh plan accounts $0
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $136,164
    Cash & Balances due from depository institutions $3,234
    Interest-bearing balances $1,826
    Total securities $32,865
    Federal funds sold & reverse repurchase $0
    Net loans and leases $93,543
    Loan and leases loss allowance $860
    Trading account assets $0
    Bank premises and fixed assets $4,139
    Other real estate owned $675
    Goodwill and other intangibles $0
    All other assets $1,708

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $136,164
    Total Liabilities $118,401
    Total deposits $106,794
    Interest-bearing deposits $84,434
    Deposits held in domestic offices $106,794
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $1,600
    Trading liabilities $0
    Other borrowed funds $9,766
    Subordinated debt $0
    All other liabilities $241

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $93,543
    Loan and leases loss allowance $860
    Total loans and leases (domestic) $94,403
    All real estate loans $79,498
    Real estate loans in domestic offices $79,498
    Construction and development loans $1,958
    Residential 1-4 family construction $1,958
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $14,259
    Nonfarm nonresidential secured by owner-occupied properties $4,790
    Commercial real estate & other non-farm, non-residential $9,469
    Multifamily residential real estate $680
    1-4 family residential loans $28,542
    Farmland loans $34,059
    Loans held in foreign offices $0
    Farm loans $2,896
    Commercial and industrial loans $4,010
    To non-U.S. addressees $0
    Loans to individuals $7,622
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $7,622
    All other loans & leases $377
    Loans to foreign governments and official institutions $0
    Other loans $0
    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

    The Seymour Bank had $93,543,000 of loans outstanding in 2018. $79,498,000 of loans were in real estate loans. $1,958,000 of loans were in development loans. $680,000 of loans were in multifamily mortgage loans. $28,542,000 of loans were in 1-4 family mortgage loans. $2,896,000 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 81 $14,259 $176,037
    Nonfarm, nonresidential loans - <$100k 81 $14,259 $176,037
    Commercial & Industrial, US addressed loans - <$1MM 80 $4,010 $50,125
    Commercial & Industrial, US addressed loans - <$100k 80 $4,010 $50,125
    Farmland loans - <$1MM 405 $34,059 $84,096
    Farmland loans - <$100k 405 $34,059 $84,096
    Agriculture operations loans - <$1MM 201 $2,896 $14,408
    Agriculture operations loans - <$100k 201 $2,896 $14,408