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 a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Springfield, Branson, West Plains, Lebanon, and Miami among others. We have data for 14 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

    603

    Origination Dollar Volume (All Markets)

    $107,775,000

    Employee count

    256

    Awards

    Central Bank of The Ozarks 30 Year Conventional Loans bronze Central Bank of The Ozarks FHA Loans silver Central Bank of The Ozarks VA Loans gold
    Show all (3) 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) 543 $97,665,000 $179,862 $2,992 4.26%
    Outside of Metro Areas 34 $4,940,000 $145,294 $2,941 4.19%
    Branson, MO (FHA|USDA|VA) 8 $930,000 $116,250 $2,626 4.42%
    West Plains, MO (FHA|USDA|VA) 3 $765,000 $255,000 $3,087 3.50%
    Lebanon, MO (FHA|USDA|VA) 3 $745,000 $248,333 $2,928 4.63%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $505,000 $505,000 $3,049 4.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $500,000 $250,000 $4,570 4.62%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $475,000 $475,000 $4,239 4.75%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $370,000 $185,000 $2,493 4.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $295,000 $295,000 $3,961 3.88%
    JOPLIN, MO (FHA|USDA|VA) 2 $210,000 $105,000 $3,223 3.88%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $175,000 $175,000 $2,189 4.38%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $115,000 $115,000 $2,958 3.88%
    Rolla, MO (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.50%
    Central Bank Of The Ozarks's top markets include Springfield, Branson, West Plains, Lebanon, and Miami among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • California (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.

    Guaranty Bank
    Similarity Rank: 912
    The Bank of Missouri
    Similarity Rank: 1053
    Southern Bank
    Similarity Rank: 1591
    Central Bank of The Ozarks
    Similarity Rank: 1680
    Capitol Federal Savings Bank
    Similarity Rank: 2280
    Associated Bank
    Similarity Rank: 2641
    ASSEMBLIES OF GOD Credit Union
    Similarity Rank: 2990
    TIB The Independent Bankersbank
    Similarity Rank: 3090
    Oakstar Bank
    Similarity Rank: 5141
    Great Southern Bank
    Similarity Rank: 5187

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 531 $97,745,000 $184,077 $2,733 4.28%
    FHA 41 $5,355,000 $130,610 $5,041 4.06%
    VA 17 $2,845,000 $167,353 $4,045 3.93%
    USDA 14 $1,830,000 $130,714 $3,817 4.27%

    For 2019, Central Bank Of The Ozarks's most frequently originated type of loan was Conventional, with 531 originations. Their 2nd most popular type was FHA, with 41 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 381 $66,685,000 $175,026 $3,167 4.31%
    Refi 110 $24,550,000 $223,182 $2,653 3.94%
    Cash Out Refi 97 $15,175,000 $156,443 $2,794 4.32%
    Home Improvement 10 $840,000 $84,000 $2,240 5.15%
    Other 5 $525,000 $105,000 $2,326 4.75%

    For 2019, Central Bank Of The Ozarks's most frequently cited loan purpose was Home Purchase, with 381 originations. The 2nd most popular reason was Refi, with 110 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 384 $64,830,000 $168,828 $3,105 4.19%
    15 Year 116 $22,810,000 $196,638 $2,754 3.90%
    20 Year 41 $9,675,000 $235,976 $2,686 4.27%
    5 Year 22 $3,070,000 $139,545 $0 5.66%
    Other 12 $3,170,000 $264,167 $2,763 5.56%
    10 Year 11 $1,835,000 $166,818 $2,373 4.20%
    3 Year 9 $945,000 $105,000 $0 5.39%
    1 Year 8 $1,440,000 $180,000 $1,361 5.59%

    For 2019, Central Bank Of The Ozarks's most frequently cited loan duration was 30 Year, with 384 originations. The 2nd most popular length was 15 Year, with 116 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 495 $93,275,000 $188,434
    $1k-2k 11 $1,435,000 $130,455
    $2k-3k 7 $885,000 $126,429

    Central Bank Of The Ozarks's average total fees were $3,105, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 495 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 273 $55,075,000 $201,740
    4-5% 234 $39,360,000 $168,205
    5-6% 87 $12,045,000 $138,448
    6-7% 6 $500,000 $83,333
    2.5-3% 3 $795,000 $265,000

    During 2019, Central Bank Of The Ozarks's average interest rate for loans was 4.19%, while their most frequently originated rate bucket for loans was 3-4%, with 273 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 270 $38,630,000 $143,074 $3,061 4.20%
    $100,000 or less 164 $11,680,000 $71,220 $2,655 4.63%
    $200k-400k 136 $37,800,000 $277,941 $3,061 3.97%
    $400k-600k 22 $10,540,000 $479,091 $3,384 4.14%
    $600k-1MM 10 $7,160,000 $716,000 $3,571 3.85%
    $1MM+ 1 $1,965,000 $1,965,000 $0 5.25%

    2019 saw Central Bank Of The Ozarks place emphasis on $100k-200k loans with 270 originations, totaling $38,630,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 161 $17,585,000 $109,224 $2,925 4.29%
    $50k-75k 121 $16,575,000 $136,983 $3,133 4.16%
    $75k-100k 92 $16,120,000 $175,217 $3,024 4.06%
    $100k-150k 81 $16,995,000 $209,815 $2,967 4.20%
    $250k+ 47 $19,115,000 $406,702 $3,023 4.00%
    $150k-250k 39 $10,215,000 $261,923 $2,808 4.13%

    Central Bank Of The Ozarks lent most frequently to those with incomes in the $50k or less range, with 161 originations. The second most popular income band? $50k-75k, with 121 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 126 $22,450,000 $178,175 $2,690 4.19%
    30-36% 110 $17,770,000 $161,545 $3,049 4.11%
    <20% 82 $16,580,000 $202,195 $2,803 4.09%
    41% 25 $4,495,000 $179,800 $3,158 4.16%
    43% 25 $4,235,000 $169,400 $3,100 4.40%
    39% 22 $3,870,000 $175,909 $2,823 4.24%
    38% 19 $3,975,000 $209,211 $3,530 4.22%
    44% 17 $3,075,000 $180,882 $3,380 3.88%
    37% 17 $2,525,000 $148,529 $3,221 4.38%
    50-60% 14 $2,800,000 $200,000 $3,561 4.23%
    46% 13 $2,835,000 $218,077 $3,062 4.19%
    49% 13 $2,265,000 $174,231 $3,746 4.02%
    42% 12 $2,610,000 $217,500 $3,047 4.09%
    40% 12 $1,230,000 $102,500 $2,971 4.52%
    48% 12 $2,220,000 $185,000 $3,245 4.07%
    47% 11 $2,195,000 $199,545 $2,924 3.92%
    45% 10 $1,550,000 $155,000 $2,987 4.05%
    36% 8 $1,220,000 $152,500 $3,168 4.08%
    >60% 7 $1,885,000 $269,286 $2,686 4.29%

    Central Bank Of The Ozarks lent most frequently to those with DTI ratios of 20-30%, with 126 originations. The next most common DTI ratio? 30-36%, with 110 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 518 $89,470,000 $172,722 $2,990 4.16%
    Not applicable 43 $7,625,000 $177,326 $0 5.44%
    Not provided 22 $4,760,000 $216,364 $2,930 4.23%
    Asian 10 $3,240,000 $324,000 $3,704 4.28%
    Korean 1 $705,000 $705,000 $2,324 3.88%
    Black 2 $670,000 $335,000 $2,779 3.75%
    Native Hawaiian or Islander 2 $570,000 $285,000 $3,072 5.00%
    American Indian 4 $380,000 $95,000 $2,339 4.63%
    Asian Indian 1 $355,000 $355,000 $2,988 3.13%

    Approval Rates

    Total approvals of all applications
    93.70%

    Central Bank Of The Ozarks has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.08%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 603 $107,775,000 $178,731

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $3,125,000 $625,000
    Single Family (1-4 Units):Manufactured 13 $645,000 $49,615
    Single Family (1-4 Units):Site-Built 585 $104,005,000 $177,786

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $2,425,000 $83,621 $2,647 4.25%
    40-60% 69 $12,335,000 $178,768 $2,727 4.01%
    60-80% 217 $38,375,000 $176,843 $2,691 4.39%
    80-100% 280 $53,610,000 $191,464 $3,280 4.21%
    Over 100% 2 $380,000 $190,000 $6,752 4.38%
    Under 20% 6 $650,000 $108,333 $1,158 4.79%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CENTERSTATE BANK CORPORATION Conventional home mortgage Trouble during payment process 1 50.0%
    CENTERSTATE BANK CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%

    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 $46,152
    Central Bank of The Ozarks 1110 Independence Republic, MO 65738 Full Service B&M $31,788
    Central Bank of The Ozarks 1436 South Glenstone Avenue Springfield, MO 65804 Limited, Drive-thru $66,961
    Central Bank of The Ozarks 1520 West Jackson Street Ozark, MO 65721 Full Service B&M $31,320
    Central Bank of The Ozarks 1800 South Glenstone Avenue Springfield, MO 65804 Full Service B&M $318,507
    Central Bank of The Ozarks 1910 West Marler Lane Ozark, MO 65721 Full Service B&M $16,819
    Central Bank of The Ozarks 1940 West Chesterfield Boulevard Springfield, MO 65807 Full Service B&M $47,173
    Central Bank of The Ozarks 21 North Orchard Blvd. Fair Grove, MO 65648 Full Service B&M $23,963
    Central Bank of The Ozarks 901 East Saint Louis Street Springfield, MO 65806 Full Service B&M $35,613
    Central Bank of The Ozarks 2116 Nelwood Drive Columbia, MO 65202 Full Service Cyber Office $8,081
    Central Bank of The Ozarks 213 East Route 66 Strafford, MO 65757 Full Service B&M $32,662
    Central Bank of The Ozarks 2501 North Kansas Springfield, MO 65803 Full Service B&M $43,653
    Central Bank of The Ozarks 2960 E Kearney Springfield, MO 65803 Full Service B&M $30,514
    Central Bank of The Ozarks 3212 South Glenstone Springfield, MO 65804 Full Service B&M $50,355
    Central Bank of The Ozarks 3333 South National Avenue Springfield, MO 65807 Full Service B&M $115,572
    Central Bank of The Ozarks 3555 North Glenstone Springfield, MO 65803 Full Service B&M $25,261
    Central Bank of The Ozarks 3643 State Highway Ee Highlandville, MO 65669 Full Service B&M $19,490
    Central Bank of The Ozarks 3720 West Sunshine Springfield, MO 65807 Full Service B&M $34,308
    Central Bank of The Ozarks 4221 South Campbell Springfield, MO 65807 Full Service B&M $29,217
    Central Bank of The Ozarks 502 West Mount Vernon Nixa, MO 65714 Full Service B&M $127,434
    Central Bank of The Ozarks 5021 South Ff Highway Battlefield, MO 65619 Full Service B&M $10,391
    Central Bank of The Ozarks Highways 160, Cc And Route 2 Nixa, MO 65714 Full Service B&M $11,493
    Central Bank of The Ozarks Main Street And Highway H Pleasant Hope, MO 65725 Full Service B&M $15,036

    For 2019, Central Bank Of The Ozarks had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $57,001
    Net interest income $47,620
    Total noninterest income $18,027
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $5,055
    Trading account gains and fees $0
    Additional Noninterest Income $12,972
    Pre-tax net operating income $24,784
    Securities gains (or losses, -) $-3
    Income before extraordinary items $18,804
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,804
    Minority interest net income $0
    Net income $18,804
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,806

    Central Bank Of The Ozarks's gross interest income from loans was $57,001,000.
    Central Bank Of The Ozarks's net interest income from loans was $47,620,000.
    Central Bank Of The Ozarks's fee based income from loans was $5,055,000.
    Central Bank Of The Ozarks's net income from loans was $18,804,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,381
    Provision for credit losses $1,703
    Total noninterest expense $39,160
    Salaries and employee benefits $16,742
    Premises and equipment expense $4,010
    Additional noninterest expense $18,408
    Applicable income taxes $5,977
    Net charge-offs $981
    Cash dividends $16,000

    Central Bank Of The Ozarks's interest expense for loans was $9,381,000.
    Central Bank Of The Ozarks's payroll and benefits expense were $16,742,000.
    Central Bank Of The Ozarks's property, plant and equipment expenses $4,010,000.

    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 0.5%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 1.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,170,058
    Deposits held in domestic offices $1,170,058
    Deposits by Individuals, partnerships, and corporations $1,068,462
    Deposits by U.S. Government $178
    Deposits by States and political subdivisions in the U.S. $99,301
    Deposits by Commercial banks and other depository institutions in U.S. $2,117
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $103,720
    Demand deposits $90,186
    Nontransaction accounts $1,066,338
    Money market deposit accounts (MMDAs) $747,535
    Other savings deposits (excluding MMDAs) $160,443
    Total time deposits $158,361
    Total time and savings deposits $1,079,872
    Noninterest-bearing deposits $372,234
    Interest-bearing deposits $797,824
    Retail deposits $1,148,172
    IRAs and Keogh plan accounts $34,154
    Brokered deposits $5,774
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,373,864
    Cash & Balances due from depository institutions $54,368
    Interest-bearing balances $28,962
    Total securities $252,377
    Federal funds sold & reverse repurchase $3,449
    Net loans and leases $1,010,933
    Loan and leases loss allowance $15,911
    Trading account assets $0
    Bank premises and fixed assets $24,412
    Other real estate owned $480
    Goodwill and other intangibles $6,152
    All other assets $21,693

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,373,864
    Total Liabilities $1,236,426
    Total deposits $1,170,058
    Interest-bearing deposits $797,824
    Deposits held in domestic offices $1,170,058
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $13,495
    Trading liabilities $0
    Other borrowed funds $47,069
    Subordinated debt $0
    All other liabilities $5,804

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,010,933
    Loan and leases loss allowance $15,911
    Total loans and leases (domestic) $1,026,844
    All real estate loans $679,139
    Real estate loans in domestic offices $679,139
    Construction and development loans $84,085
    Residential 1-4 family construction $22,907
    Other construction, all land development and other land $61,178
    Loans secured by nonfarm nonresidential properties $302,551
    Nonfarm nonresidential secured by owner-occupied properties $156,032
    Commercial real estate & other non-farm, non-residential $146,519
    Multifamily residential real estate $59,162
    1-4 family residential loans $204,307
    Farmland loans $29,034
    Loans held in foreign offices $0
    Farm loans $17,660
    Commercial and industrial loans $135,887
    To non-U.S. addressees $0
    Loans to individuals $171,807
    Credit card loans $13,083
    Related Plans $4,067
    Consumer Auto Loans $139,143
    Other loans to individuals $15,514
    All other loans & leases $22,597
    Loans to foreign governments and official institutions $0
    Other loans $10,527
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,725
    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

    Central Bank of The Ozarks had $1,010,933,000 of loans outstanding in 2019. $679,139,000 of loans were in real estate loans. $84,085,000 of loans were in development loans. $59,162,000 of loans were in multifamily mortgage loans. $204,307,000 of loans were in 1-4 family mortgage loans. $17,660,000 of loans were in farm loans. $13,083,000 of loans were in credit card loans. $139,143,000 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 306 $61,276 $200,248
    Nonfarm, nonresidential loans - <$100k 70 $3,048 $43,543
    Nonfarm, nonresidential loans - $100-250k 103 $12,524 $121,592
    Nonfarm, nonresidential loans - $250k-1MM 133 $45,704 $343,639
    Commercial & Industrial, US addressed loans - <$1MM 2,143 $55,922 $26,095
    Commercial & Industrial, US addressed loans - <$100k 1,942 $22,171 $11,417
    Commercial & Industrial, US addressed loans - $100-250k 109 $10,745 $98,578
    Commercial & Industrial, US addressed loans - $250k-1MM 92 $23,006 $250,065
    Farmland loans - <$1MM 119 $12,672 $106,487
    Farmland loans - <$100k 51 $1,896 $37,176
    Farmland loans - $100-250k 45 $5,394 $119,867
    Farmland loans - $250k-1MM 23 $5,382 $234,000
    Agriculture operations loans - <$1MM 376 $12,820 $34,096
    Agriculture operations loans - <$100k 337 $6,456 $19,157
    Agriculture operations loans - $100-250k 30 $3,927 $130,900
    Agriculture operations loans - $250k-1MM 9 $2,437 $270,778