Central Bank Of The Ozarks Mortgage Rates, Fees & Info

Springfield, MO

LEI: 549300CFJHGA40RI7O81

Tax ID: 44-0602794

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

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

    Central Bank Of The Ozarks is a smaller bank specializing in Home Purchase and Refi loans. Central Bank Of The Ozarks has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Springfield, Branson, Kansas City, St. Louis, and Crestview among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Central Bank Of The Ozarks 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. Central Bank Of The Ozarks is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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

    460

    Origination Dollar Volume (All Markets)

    $115,630,000

    Employee count

    257

    Awards

    Central Bank of The Ozarks 30 Year Conventional Loans bronze Central Bank of The Ozarks FHA Loans silver
    Show all (2) awards

    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) 401 $99,885,000 $249,090 $2,743 4.77%
    Branson, MO (FHA|USDA|VA) 5 $6,295,000 $1,259,000 $2,522 4.96%
    Outside of Metro Areas 35 $5,035,000 $143,857 $2,688 4.81%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $1,135,000 $227,000 $2,201 4.40%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $675,000 $225,000 $2,976 4.75%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $550,000 $275,000 $3,995 4.44%
    JOPLIN, MO (FHA|USDA|VA) 2 $540,000 $270,000 $2,664 4.19%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $385,000 $385,000 $2,645 4.50%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $285,000 $285,000 $4,005 4.63%
    Lebanon, MO (FHA|USDA|VA) 2 $260,000 $130,000 $2,516 4.19%
    TULSA, OK (FHA|USDA|VA) 1 $245,000 $245,000 $6,686 4.63%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.88%
    Mexico, MO (FHA|USDA|VA) 1 $155,000 $155,000 $2,717 5.25%
    Central Bank Of The Ozarks's top markets include Springfield, Branson, Kansas City, St. Louis, and Crestview among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Central Bank of The Ozarks based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ASSEMBLIES OF GOD Credit Union
    Similarity Rank: 720
    Guaranty Bank
    Similarity Rank: 864
    Central Bank of The Ozarks
    Similarity Rank: 1040
    Associated Bank
    Similarity Rank: 1300
    The Bank of Missouri
    Similarity Rank: 1311
    Southern Bank
    Similarity Rank: 1716
    Capitol Federal Savings Bank
    Similarity Rank: 2272
    Great Southern Bank
    Similarity Rank: 2760
    Mortgage Investment Services Corporation
    Similarity Rank: 2772
    Commerce Bank
    Similarity Rank: 4248

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 427 $111,115,000 $260,222 $2,586 4.77%
    USDA 13 $1,615,000 $124,231 $3,731 4.52%
    FHA 12 $1,680,000 $140,000 $4,890 4.67%
    VA 8 $1,220,000 $152,500 $4,125 4.63%

    For 2018, Central Bank Of The Ozarks's most frequently originated type of loan was Conventional, with 427 originations. Their 2nd most popular type was USDA, with 13 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 288 $57,870,000 $200,938 $2,829 4.73%
    Refi 115 $49,565,000 $431,000 $2,770 4.79%
    Cash Out Refi 43 $6,615,000 $153,837 $2,515 4.90%
    Other 8 $1,240,000 $155,000 $2,131 4.55%
    Home Improvement 6 $340,000 $56,667 $1,537 4.88%

    For 2018, Central Bank Of The Ozarks's most frequently cited loan purpose was Home Purchase, with 288 originations. The 2nd most popular reason was Refi, with 115 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 242 $45,260,000 $187,025 $2,872 4.72%
    15 Year 117 $25,135,000 $214,829 $2,542 4.58%
    20 Year 34 $10,260,000 $301,765 $2,555 4.58%
    5 Year 24 $7,040,000 $293,333 $0 5.67%
    Other 15 $19,435,000 $1,295,667 $1,930 5.04%
    1 Year 11 $1,325,000 $120,455 $0 5.58%
    10 Year 10 $4,840,000 $484,000 $1,604 4.87%
    3 Year 7 $2,335,000 $333,571 $0 4.99%

    For 2018, Central Bank Of The Ozarks's most frequently cited loan duration was 30 Year, with 242 originations. The 2nd most popular length was 15 Year, with 117 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 325 $65,415,000 $201,277
    $1k-2k 4 $510,000 $127,500
    $3k-4k 1 $195,000 $195,000

    Central Bank Of The Ozarks's average total fees were $2,872, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 325 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 312 $80,030,000 $256,506
    5-6% 100 $21,380,000 $213,800
    3-4% 45 $14,135,000 $314,111
    6-7% 1 $25,000 $25,000
    7-8% 1 $25,000 $25,000
    Over 8% 1 $35,000 $35,000

    During 2018, Central Bank Of The Ozarks's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 312 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 162 $11,240,000 $69,383 $2,351 5.04%
    $100k-200k 157 $22,665,000 $144,363 $2,869 4.69%
    $200k-400k 94 $26,050,000 $277,128 $2,868 4.49%
    $400k-600k 20 $9,630,000 $481,500 $3,071 4.43%
    $1MM+ 17 $38,615,000 $2,271,471 $4,787 4.78%
    $600k-1MM 10 $7,430,000 $743,000 $3,385 4.62%

    2018 saw Central Bank Of The Ozarks place emphasis on $100,000 or less loans with 162 originations, totaling $11,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 114 $11,250,000 $98,684 $2,715 4.86%
    $50k-75k 84 $13,450,000 $160,119 $2,734 4.73%
    $75k-100k 50 $8,140,000 $162,800 $2,920 4.72%
    $100k-150k 45 $9,895,000 $219,889 $2,729 4.68%
    $250k+ 45 $18,925,000 $420,556 $2,870 4.42%
    $150k-250k 44 $10,420,000 $236,818 $2,588 4.57%

    Central Bank Of The Ozarks lent most frequently to those with incomes in the $50k or less range, with 114 originations. The second most popular income band? $50k-75k, with 84 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 97 $18,665,000 $192,423 $2,722 4.71%
    30-36% 78 $14,770,000 $189,359 $2,760 4.74%
    <20% 66 $13,090,000 $198,333 $2,621 4.62%
    50-60% 15 $3,525,000 $235,000 $2,303 4.57%
    40% 14 $2,230,000 $159,286 $2,732 4.91%
    >60% 11 $1,895,000 $172,273 $2,354 4.55%
    37% 11 $2,125,000 $193,182 $2,791 4.67%
    43% 11 $1,835,000 $166,818 $2,800 4.52%
    36% 10 $1,630,000 $163,000 $2,726 4.84%
    38% 9 $1,625,000 $180,556 $3,094 4.81%
    46% 8 $1,220,000 $152,500 $3,291 4.63%
    42% 8 $1,510,000 $188,750 $3,228 4.92%
    44% 8 $1,570,000 $196,250 $2,508 4.58%
    41% 7 $1,035,000 $147,857 $2,760 4.66%
    49% 7 $1,215,000 $173,571 $3,093 4.88%
    48% 6 $840,000 $140,000 $3,540 4.94%
    39% 6 $710,000 $118,333 $2,518 5.00%
    45% 6 $1,070,000 $178,333 $2,546 4.65%
    47% 4 $570,000 $142,500 $3,807 4.69%

    Central Bank Of The Ozarks lent most frequently to those with DTI ratios of 20-30%, with 97 originations. The next most common DTI ratio? 30-36%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 350 $63,480,000 $181,371 $2,749 4.73%
    Not applicable 76 $42,760,000 $562,632 $0 5.04%
    Not provided 25 $7,565,000 $302,600 $2,793 4.45%
    Asian 4 $1,300,000 $325,000 $2,686 3.72%
    Black 5 $525,000 $105,000 $0 5.15%

    Approval Rates

    Total approvals of all applications
    94.31%

    Central Bank Of The Ozarks has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.00%

    Central Bank Of The Ozarks has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 460 $115,630,000 $251,370

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 16 $26,560,000 $1,660,000
    Single Family (1-4 Units):Manufactured 11 $805,000 $73,182
    Single Family (1-4 Units):Site-Built 433 $88,265,000 $203,845

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $1,535,000 $90,294 $2,082 4.57%
    40-60% 39 $7,315,000 $187,564 $2,576 4.62%
    60-80% 155 $36,495,000 $235,452 $2,679 4.82%
    80-100% 197 $45,455,000 $230,736 $2,982 4.70%
    Over 100% 41 $24,405,000 $595,244 $957 5.01%
    Under 20% 11 $425,000 $38,636 $1,231 4.91%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CENTRAL BANC MORTGAGE CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Central Bank of The Ozarks 1019 Spur Drive Marshfield, MO 65706 Full Service B&M $49,648
    Central Bank of The Ozarks 1110 Independence Republic, MO 65738 Full Service B&M $28,849
    Central Bank of The Ozarks 1436 South Glenstone Avenue Springfield, MO 65804 Limited, Drive-thru $66,769
    Central Bank of The Ozarks 1520 West Jackson Street Ozark, MO 65721 Full Service B&M $31,918
    Central Bank of The Ozarks 1800 South Glenstone Avenue Springfield, MO 65804 Full Service B&M $329,479
    Central Bank of The Ozarks 1910 West Marler Lane Ozark, MO 65721 Full Service B&M $14,752
    Central Bank of The Ozarks 1940 West Chesterfield Boulevard Springfield, MO 65807 Full Service B&M $46,428
    Central Bank of The Ozarks 21 North Orchard Blvd. Fair Grove, MO 65648 Full Service B&M $24,210
    Central Bank of The Ozarks 2116 Nelwood Drive Columbia, MO 65202 Full Service Cyber Office $6,673
    Central Bank of The Ozarks 213 East Route 66 Strafford, MO 65757 Full Service B&M $33,308
    Central Bank of The Ozarks 2501 North Kansas Springfield, MO 65803 Full Service B&M $37,289
    Central Bank of The Ozarks 2960 E Kearney Springfield, MO 65803 Full Service B&M $26,247
    Central Bank of The Ozarks 3212 South Glenstone Springfield, MO 65804 Full Service B&M $55,695
    Central Bank of The Ozarks 3333 South National Avenue Springfield, MO 65807 Full Service B&M $107,070
    Central Bank of The Ozarks 3555 North Glenstone Springfield, MO 65803 Full Service B&M $28,316
    Central Bank of The Ozarks 3643 State Highway Ee Highlandville, MO 65669 Full Service B&M $19,686
    Central Bank of The Ozarks 4221 South Campbell Springfield, MO 65807 Full Service B&M $28,780
    Central Bank of The Ozarks 502 West Mount Vernon Nixa, MO 65714 Full Service B&M $115,742
    Central Bank of The Ozarks 5021 South Ff Highway Battlefield, MO 65619 Full Service B&M $9,897
    Central Bank of The Ozarks 901 East Saint Louis Street Springfield, MO 65806 Full Service B&M $36,530
    Central Bank of The Ozarks Highways 160, Cc And Route 2 Nixa, MO 65714 Full Service B&M $11,695
    Central Bank of The Ozarks Main Street And Highway H Pleasant Hope, MO 65725 Full Service B&M $15,122

    For 2018, Central Bank Of The Ozarks had 22 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $50,185
    Net interest income $44,494
    Total noninterest income $15,956
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $4,854
    Trading account gains and fees $0
    Additional Noninterest Income $11,102
    Pre-tax net operating income $22,253
    Securities gains (or losses, -) $-6
    Income before extraordinary items $16,874
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,874
    Minority interest net income $0
    Net income $16,874
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $16,878

    Central Bank Of The Ozarks's gross interest income from loans was $50,185,000.
    Central Bank Of The Ozarks's net interest income from loans was $44,494,000.
    Central Bank Of The Ozarks's fee based income from loans was $4,854,000.
    Central Bank Of The Ozarks's net income from loans was $16,874,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,691
    Provision for credit losses $1,708
    Total noninterest expense $36,489
    Salaries and employee benefits $15,438
    Premises and equipment expense $3,929
    Additional noninterest expense $17,122
    Applicable income taxes $5,373
    Net charge-offs $1,963
    Cash dividends $10,500

    Central Bank Of The Ozarks's interest expense for loans was $5,691,000.
    Central Bank Of The Ozarks's payroll and benefits expense were $15,438,000.
    Central Bank Of The Ozarks's property, plant and equipment expenses $3,929,000.

    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 1.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.6%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 4.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,097,696
    Deposits held in domestic offices $1,097,696
    Deposits by Individuals, partnerships, and corporations $1,033,040
    Deposits by U.S. Government $172
    Deposits by States and political subdivisions in the U.S. $63,988
    Deposits by Commercial banks and other depository institutions in U.S. $496
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $111,233
    Demand deposits $94,560
    Nontransaction accounts $986,463
    Money market deposit accounts (MMDAs) $695,296
    Other savings deposits (excluding MMDAs) $153,837
    Total time deposits $137,330
    Total time and savings deposits $1,003,136
    Noninterest-bearing deposits $365,869
    Interest-bearing deposits $731,827
    Retail deposits $1,073,127
    IRAs and Keogh plan accounts $36,506
    Brokered deposits $15,726
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,293,788
    Cash & Balances due from depository institutions $85,328
    Interest-bearing balances $59,136
    Total securities $155,970
    Federal funds sold & reverse repurchase $5,979
    Net loans and leases $999,132
    Loan and leases loss allowance $15,189
    Trading account assets $0
    Bank premises and fixed assets $19,998
    Other real estate owned $1
    Goodwill and other intangibles $6,163
    All other assets $21,217

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,293,788
    Total Liabilities $1,160,343
    Total deposits $1,097,696
    Interest-bearing deposits $731,827
    Deposits held in domestic offices $1,097,696
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $16,959
    Trading liabilities $0
    Other borrowed funds $42,000
    Subordinated debt $0
    All other liabilities $3,688

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $999,132
    Loan and leases loss allowance $15,189
    Total loans and leases (domestic) $1,014,321
    All real estate loans $661,049
    Real estate loans in domestic offices $661,049
    Construction and development loans $63,975
    Residential 1-4 family construction $19,672
    Other construction, all land development and other land $44,303
    Loans secured by nonfarm nonresidential properties $294,387
    Nonfarm nonresidential secured by owner-occupied properties $158,972
    Commercial real estate & other non-farm, non-residential $135,415
    Multifamily residential real estate $82,651
    1-4 family residential loans $191,907
    Farmland loans $28,129
    Loans held in foreign offices $0
    Farm loans $16,456
    Commercial and industrial loans $121,049
    To non-U.S. addressees $0
    Loans to individuals $191,845
    Credit card loans $12,100
    Related Plans $4,854
    Consumer Auto Loans $159,418
    Other loans to individuals $15,473
    All other loans & leases $24,129
    Loans to foreign governments and official institutions $0
    Other loans $11,158
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,004
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $36
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Central Bank of The Ozarks had $999,132,000 of loans outstanding in 2018. $661,049,000 of loans were in real estate loans. $63,975,000 of loans were in development loans. $82,651,000 of loans were in multifamily mortgage loans. $191,907,000 of loans were in 1-4 family mortgage loans. $16,456,000 of loans were in farm loans. $12,100,000 of loans were in credit card loans. $159,418,000 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 298 $55,758 $187,107
    Nonfarm, nonresidential loans - <$100k 66 $2,893 $43,833
    Nonfarm, nonresidential loans - $100-250k 108 $12,631 $116,954
    Nonfarm, nonresidential loans - $250k-1MM 124 $40,234 $324,468
    Commercial & Industrial, US addressed loans - <$1MM 2,399 $54,455 $22,699
    Commercial & Industrial, US addressed loans - <$100k 2,185 $21,067 $9,642
    Commercial & Industrial, US addressed loans - $100-250k 122 $10,628 $87,115
    Commercial & Industrial, US addressed loans - $250k-1MM 92 $22,760 $247,391
    Farmland loans - <$1MM 124 $13,848 $111,677
    Farmland loans - <$100k 54 $2,112 $39,111
    Farmland loans - $100-250k 46 $5,932 $128,957
    Farmland loans - $250k-1MM 24 $5,804 $241,833
    Agriculture operations loans - <$1MM 398 $10,985 $27,601
    Agriculture operations loans - <$100k 370 $6,832 $18,465
    Agriculture operations loans - $100-250k 26 $3,618 $139,154
    Agriculture operations loans - $250k-1MM 2 $535 $267,500