Bank Of Franklin County Mortgage Rates, Fees & Info

Washington, MO

LEI: 549300BI43WZOK3XF350

Tax ID: 43-1894848

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Mortgage Data

Bank Data

Review & Overview

Bank Of Franklin County is a smaller bank specializing in Refi and Home Purchase loans. Bank Of Franklin County has a high proportion of conventional loans. Their top two markets are St. Louis and Branson .

Bank Of Franklin County has an above 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

238

Origination Dollar Volume (All Markets)

$51,240,000

Employee count

61

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
ST. LOUIS, MO-IL (FHA|USDA|VA) 228 $49,400,000 $216,667 $0 0.00%
Outside of Metro Areas 9 $1,705,000 $189,444 $0 0.00%
Branson, MO (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Bank Of Franklin County's top markets include St. Louis 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 238 $51,240,000 $215,294 $0 0.00%

    For 2021, Bank Of Franklin County's most frequently originated type of loan was Conventional, with 238 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 104 $20,930,000 $201,250 $0 0.00%
    Home Purchase 83 $20,385,000 $245,602 $0 0.00%
    Cash Out Refi 40 $8,130,000 $203,250 $0 0.00%
    Other 8 $1,600,000 $200,000 $0 0.00%
    Home Improvement 3 $195,000 $65,000 $0 0.00%

    For 2021, Bank Of Franklin County's most frequently cited loan purpose was Refi, with 104 originations. The 2nd most popular reason was Home Purchase, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 238 $51,240,000 $215,294 $0 0.00%

    For 2021, Bank Of Franklin County's most frequently cited loan duration was Other, with 238 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 114 $16,500,000 $144,737 $0 0.00%
    $200k-400k 81 $21,995,000 $271,543 $0 0.00%
    $100,000 or less 25 $1,775,000 $71,000 $0 0.00%
    $400k-600k 14 $6,490,000 $463,571 $0 0.00%
    $1MM+ 3 $3,835,000 $1,278,333 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2021 saw Bank Of Franklin County place emphasis on $100k-200k loans with 114 originations, totaling $16,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 51 $8,405,000 $164,804 $0 0.00%
    $100k-150k 47 $10,825,000 $230,319 $0 0.00%
    $75k-100k 38 $8,240,000 $216,842 $0 0.00%
    $50k or less 36 $4,330,000 $120,278 $0 0.00%
    $150k-250k 21 $6,175,000 $294,048 $0 0.00%
    $250k+ 10 $5,590,000 $559,000 $0 0.00%

    Bank Of Franklin County lent most frequently to those with incomes in the $50k-75k range, with 51 originations. The second most popular income band? $100k-150k, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 238 $51,240,000 $215,294 $0 0.00%

    Bank Of Franklin County lent most frequently to those with DTI ratios of Exempt%, with 238 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 208 $43,210,000 $207,740 $0 0.00%
    Not applicable 21 $5,015,000 $238,810 $0 0.00%
    Not provided 7 $1,625,000 $232,143 $0 0.00%
    Black 1 $1,305,000 $1,305,000 $0 0.00%
    Japanese 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.74%

    Bank Of Franklin County has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.82%

    Bank Of Franklin County has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 238 $51,240,000 $215,294

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    238 $51,240,000 $215,294

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 1 3.3%
    BANK OF THE WEST VA mortgage Trouble during payment process 1 3.3%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 2 6.7%
    BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 1 3.3%
    BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 3.3%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 3 10.0%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 4 13.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 6.7%
    BANK OF THE WEST FHA mortgage Trouble during payment process 1 3.3%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 2 6.7%
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 16.7%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Franklin County 100 Christina Marie Drive O Fallon, MO 63368 Full Service B&M $9,946
    Bank of Franklin County 101 Franklin Avenue New Haven, MO 63068 Full Service B&M $28,618
    Bank of Franklin County 3017 Highwa;y A Washington, MO 63090 Full Service B&M $35,810
    Bank of Franklin County 5702 East Highway 100 Washington, MO 63090 Full Service B&M $13,126
    Bank of Franklin County 900 East Eighth Street Washington, MO 63090 Full Service B&M $203,408

    For 2021, Bank Of Franklin County had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,059
    Net interest income $10,594
    Total noninterest income $1,971
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $224
    Trading account gains and fees $0
    Additional Noninterest Income $1,747
    Pre-tax net operating income $3,477
    Securities gains (or losses, -) $149
    Income before extraordinary items $2,898
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,898
    Minority interest net income $2
    Net income $2,896
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,778

    Bank Of Franklin County's gross interest income from loans was $12,059,000.
    Bank Of Franklin County's net interest income from loans was $10,594,000.
    Bank Of Franklin County's fee based income from loans was $224,000.
    Bank Of Franklin County's net income from loans was $2,896,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,465
    Provision for credit losses $385
    Total noninterest expense $8,703
    Salaries and employee benefits $4,819
    Premises and equipment expense $994
    Additional noninterest expense $2,890
    Applicable income taxes $728
    Net charge-offs $10
    Cash dividends $1,200

    Bank Of Franklin County's interest expense for loans was $1,465,000.
    Bank Of Franklin County's payroll and benefits expense were $4,819,000.
    Bank Of Franklin County's property, plant and equipment expenses $994,000.

    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 $293,396
    Deposits held in domestic offices $293,396
    Deposits by Individuals, partnerships, and corporations $274,659
    Deposits by U.S. Government $7
    Deposits by States and political subdivisions in the U.S. $18,730
    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 $122,148
    Demand deposits $60,631
    Nontransaction accounts $171,248
    Money market deposit accounts (MMDAs) $37,204
    Other savings deposits (excluding MMDAs) $58,904
    Total time deposits $75,139
    Total time and savings deposits $232,765
    Noninterest-bearing deposits $60,631
    Interest-bearing deposits $232,765
    Retail deposits $285,573
    IRAs and Keogh plan accounts $11,827
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $324,655
    Cash & Balances due from depository institutions $16,081
    Interest-bearing balances $10,367
    Total securities $60,580
    Federal funds sold & reverse repurchase $0
    Net loans and leases $224,949
    Loan and leases loss allowance $3,088
    Trading account assets $0
    Bank premises and fixed assets $11,595
    Other real estate owned $1,408
    Goodwill and other intangibles $531
    All other assets $9,511

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $324,655
    Total Liabilities $295,024
    Total deposits $293,396
    Interest-bearing deposits $232,765
    Deposits held in domestic offices $293,396
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $566
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,062

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $224,949
    Loan and leases loss allowance $3,088
    Total loans and leases (domestic) $228,037
    All real estate loans $176,471
    Real estate loans in domestic offices $176,471
    Construction and development loans $22,742
    Residential 1-4 family construction $7,782
    Other construction, all land development and other land $14,960
    Loans secured by nonfarm nonresidential properties $95,289
    Nonfarm nonresidential secured by owner-occupied properties $46,268
    Commercial real estate & other non-farm, non-residential $49,021
    Multifamily residential real estate $1,033
    1-4 family residential loans $55,874
    Farmland loans $1,533
    Loans held in foreign offices $0
    Farm loans $221
    Commercial and industrial loans $45,488
    To non-U.S. addressees $0
    Loans to individuals $5,271
    Credit card loans $0
    Related Plans $4
    Consumer Auto Loans $3,316
    Other loans to individuals $1,951
    All other loans & leases $586
    Loans to foreign governments and official institutions $0
    Other loans $21
    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 $3,304
    Non 1-4 family restructured loans & leases $3,304
    Total loans and leases (foreign) $0

    Bank of Franklin County had $224,949,000 of loans outstanding in 2021. $176,471,000 of loans were in real estate loans. $22,742,000 of loans were in development loans. $1,033,000 of loans were in multifamily mortgage loans. $55,874,000 of loans were in 1-4 family mortgage loans. $221,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,316,000 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 113 $29,849 $264,150
    Nonfarm, nonresidential loans - <$100k 13 $663 $51,000
    Nonfarm, nonresidential loans - $100-250k 39 $4,994 $128,051
    Nonfarm, nonresidential loans - $250k-1MM 61 $24,192 $396,590
    Commercial & Industrial, US addressed loans - <$1MM 252 $22,350 $88,690
    Commercial & Industrial, US addressed loans - <$100k 166 $4,223 $25,440
    Commercial & Industrial, US addressed loans - $100-250k 43 $4,782 $111,209
    Commercial & Industrial, US addressed loans - $250k-1MM 43 $13,345 $310,349
    Farmland loans - <$1MM 9 $1,533 $170,333
    Farmland loans - <$100k 2 $146 $73,000
    Farmland loans - $100-250k 3 $245 $81,667
    Farmland loans - $250k-1MM 4 $1,142 $285,500
    Agriculture operations loans - <$1MM 6 $221 $36,833
    Agriculture operations loans - <$100k 5 $221 $44,200
    Agriculture operations loans - $100-250k 1 $0 $0