Central Bank Of The Ozarks Mortgage Rates, Fees & Info
Springfield, MOLEI: 549300CFJHGA40RI7O81
Tax ID: 44-0602794
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Bank Data
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, Kansas City, Branson, St. Louis, and Fayetteville among others. We have data for 31 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.
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Originations
1,114Origination Dollar Volume (All Markets)
$236,770,000Employee count
255Awards
Central Bank of The Ozarks - 2020
Central Bank of The Ozarks is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 960 | $204,280,000 | $212,792 | $2,971 | 3.21% |
| Outside of Metro Areas | 84 | $16,560,000 | $197,143 | $3,134 | 3.19% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 11 | $2,185,000 | $198,636 | $2,604 | 3.66% |
| Branson, MO (FHA|USDA|VA) | 8 | $2,030,000 | $253,750 | $5,129 | 2.83% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 8 | $1,680,000 | $210,000 | $2,514 | 3.04% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 6 | $1,480,000 | $246,667 | $2,751 | 2.89% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $2,884 | 3.31% |
| West Plains, MO (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $2,469 | 3.22% |
| JOPLIN, MO (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $3,008 | 3.22% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $3,331 | 2.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,601 | 2.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,421 | 2.75% |
| Lebanon, MO (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $3,524 | 3.09% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,031 | 3.13% |
| Riverton, WY (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,952 | 2.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 3.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,230 | 2.88% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,254 | 3.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,892 | 2.63% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,729 | 2.88% |
| Parsons, KS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,860 | 3.50% |
| TULSA, OK (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,290 | 3.13% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,871 | 3.13% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,160 | 3.38% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,715 | 3.25% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,632 | 2.88% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,439 | 2.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,941 | 2.88% |
| Marshall, MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,789 | 2.99% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,735 | 3.75% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,045 | 3.00% |
Similar Lenders
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Product Mix
For 2020, Central Bank Of The Ozarks's most frequently originated type of loan was Conventional, with 1,026 originations. Their 2nd most popular type was FHA, with 34 originations.
Loan Reason
For 2020, Central Bank Of The Ozarks's most frequently cited loan purpose was Home Purchase, with 479 originations. The 2nd most popular reason was Refi, with 417 originations.
Loan Duration/Length
For 2020, Central Bank Of The Ozarks's most frequently cited loan duration was 30 Year, with 724 originations. The 2nd most popular length was 15 Year, with 226 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 974 | $203,150,000 | $208,573 |
| $1k-2k | 10 | $1,920,000 | $192,000 |
| $2k-3k | 4 | $790,000 | $197,500 |
| $3k-4k | 4 | $1,020,000 | $255,000 |
Central Bank Of The Ozarks's average total fees were $3,157, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 974 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 477 | $97,075,000 | $203,512 |
| 3-4% | 473 | $107,655,000 | $227,600 |
| 4-5% | 92 | $16,460,000 | $178,913 |
| <2.5% | 69 | $15,255,000 | $221,087 |
| 5-6% | 3 | $325,000 | $108,333 |
During 2020, Central Bank Of The Ozarks's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 2.5-3%, with 477 originations.
Loan Sizing
2020 saw Central Bank Of The Ozarks place emphasis on $100k-200k loans with 490 originations, totaling $71,790,000 in origination value.
Applicant Income
Central Bank Of The Ozarks lent most frequently to those with incomes in the $50k or less range, with 241 originations. The second most popular income band? $50k-75k, with 198 originations.
Applicant Debt to Income Ratio
Central Bank Of The Ozarks lent most frequently to those with DTI ratios of 20-30%, with 297 originations. The next most common DTI ratio? <20%, with 162 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.48%
Central Bank Of The Ozarks has an average approval rate.
Pick Rate
Approvals leading to origination81.87%
Central Bank Of The Ozarks has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,114 | $236,770,000 | $212,540 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CENTERSTATE BANK CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| CENTERSTATE BANK CORPORATION | Conventional home mortgage | Trouble during payment process | 2 | 50.0% |
| CENTERSTATE BANK CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
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 | $54,668 |
| Central Bank of The Ozarks | 1110 Independence Republic, MO 65738 | Full Service B&M | $39,240 |
| Central Bank of The Ozarks | 1436 South Glenstone Avenue Springfield, MO 65804 | Limited, Drive-thru | $83,809 |
| Central Bank of The Ozarks | 1520 West Jackson Street Ozark, MO 65721 | Full Service B&M | $38,497 |
| Central Bank of The Ozarks | 1800 South Glenstone Avenue Springfield, MO 65804 | Full Service B&M | $419,628 |
| Central Bank of The Ozarks | 1910 West Marler Lane Ozark, MO 65721 | Full Service B&M | $21,874 |
| Central Bank of The Ozarks | 1940 West Chesterfield Boulevard Springfield, MO 65807 | Full Service B&M | $57,796 |
| Central Bank of The Ozarks | 21 North Orchard Blvd. Fair Grove, MO 65648 | Full Service B&M | $27,045 |
| Central Bank of The Ozarks | 2116 Nelwood Drive Columbia, MO 65202 | Full Service Cyber Office | $11,242 |
| Central Bank of The Ozarks | 213 East Route 66 Strafford, MO 65757 | Full Service B&M | $36,792 |
| Central Bank of The Ozarks | 2501 North Kansas Springfield, MO 65803 | Full Service B&M | $59,270 |
| Central Bank of The Ozarks | 2960 E Kearney Springfield, MO 65803 | Full Service B&M | $46,322 |
| Central Bank of The Ozarks | 3212 South Glenstone Springfield, MO 65804 | Full Service B&M | $58,713 |
| Central Bank of The Ozarks | 3333 South National Avenue Springfield, MO 65807 | Full Service B&M | $127,374 |
| Central Bank of The Ozarks | 3555 North Glenstone Springfield, MO 65803 | Full Service B&M | $43,373 |
| Central Bank of The Ozarks | 3643 State Highway Ee Highlandville, MO 65669 | Full Service B&M | $22,639 |
| Central Bank of The Ozarks | 3720 West Sunshine Springfield, MO 65807 | Full Service B&M | $27,464 |
| Central Bank of The Ozarks | 4221 South Campbell Springfield, MO 65807 | Full Service B&M | $34,149 |
| Central Bank of The Ozarks | 502 West Mount Vernon Nixa, MO 65714 | Full Service B&M | $121,880 |
| Central Bank of The Ozarks | 5021 South Ff Highway Battlefield, MO 65619 | Full Service B&M | $10,575 |
| Central Bank of The Ozarks | 901 East Saint Louis Street Springfield, MO 65806 | Full Service B&M | $46,057 |
| Central Bank of The Ozarks | Highways 160, Cc And Route 2 Nixa, MO 65714 | Full Service B&M | $13,986 |
| Central Bank of The Ozarks | Main Street And Highway H Pleasant Hope, MO 65725 | Full Service B&M | $20,311 |
For 2020, Central Bank Of The Ozarks had 23 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $54,405 |
| Net interest income | $49,012 |
| Total noninterest income | $22,669 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $4,699 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $17,970 |
| Pre-tax net operating income | $26,794 |
| Securities gains (or losses, -) | $1 |
| Income before extraordinary items | $20,823 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $20,823 |
| Minority interest net income | $0 |
| Net income | $20,823 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $20,822 |
Central Bank Of The Ozarks's gross interest income from loans was $54,405,000.
Central Bank Of The Ozarks's net interest income from loans was $49,012,000.
Central Bank Of The Ozarks's fee based income from loans was $4,699,000.
Central Bank Of The Ozarks's net income from loans was $20,823,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $5,393 |
| Provision for credit losses | $3,017 |
| Total noninterest expense | $41,870 |
| Salaries and employee benefits | $18,525 |
| Premises and equipment expense | $4,286 |
| Additional noninterest expense | $19,059 |
| Applicable income taxes | $5,972 |
| Net charge-offs | $831 |
| Cash dividends | $4,500 |
Central Bank Of The Ozarks's interest expense for loans was $5,393,000.
Central Bank Of The Ozarks's payroll and benefits expense were $18,525,000.
Central Bank Of The Ozarks's property, plant and equipment expenses $4,286,000.
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 | 0.3% |
| 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 | $1,489,997 |
| Deposits held in domestic offices | $1,489,997 |
| Deposits by Individuals, partnerships, and corporations | $1,362,254 |
| Deposits by U.S. Government | $206 |
| Deposits by States and political subdivisions in the U.S. | $126,098 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,439 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $177,059 |
| Demand deposits | $149,357 |
| Nontransaction accounts | $1,312,938 |
| Money market deposit accounts (MMDAs) | $982,910 |
| Other savings deposits (excluding MMDAs) | $206,074 |
| Total time deposits | $123,956 |
| Total time and savings deposits | $1,340,640 |
| Noninterest-bearing deposits | $549,473 |
| Interest-bearing deposits | $940,524 |
| Retail deposits | $1,469,150 |
| IRAs and Keogh plan accounts | $32,629 |
| Brokered deposits | $8,481 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,719,290 |
| Cash & Balances due from depository institutions | $144,135 |
| Interest-bearing balances | $117,230 |
| Total securities | $336,693 |
| Federal funds sold & reverse repurchase | $26,786 |
| Net loans and leases | $1,156,306 |
| Loan and leases loss allowance | $18,097 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $24,185 |
| Other real estate owned | $280 |
| Goodwill and other intangibles | $6,623 |
| All other assets | $24,282 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,719,290 |
| Total Liabilities | $1,564,470 |
| Total deposits | $1,489,997 |
| Interest-bearing deposits | $940,524 |
| Deposits held in domestic offices | $1,489,997 |
| % insured (estimated) | $75 |
| Federal funds purchased and repurchase agreements | $20,393 |
| Trading liabilities | $0 |
| Other borrowed funds | $42,000 |
| Subordinated debt | $0 |
| All other liabilities | $12,080 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,156,306 |
| Loan and leases loss allowance | $18,097 |
| Total loans and leases (domestic) | $1,174,403 |
| All real estate loans | $727,578 |
| Real estate loans in domestic offices | $727,578 |
| Construction and development loans | $99,117 |
| Residential 1-4 family construction | $21,460 |
| Other construction, all land development and other land | $77,657 |
| Loans secured by nonfarm nonresidential properties | $326,086 |
| Nonfarm nonresidential secured by owner-occupied properties | $144,609 |
| Commercial real estate & other non-farm, non-residential | $181,477 |
| Multifamily residential real estate | $55,880 |
| 1-4 family residential loans | $216,819 |
| Farmland loans | $29,676 |
| Loans held in foreign offices | $0 |
| Farm loans | $14,979 |
| Commercial and industrial loans | $213,419 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $190,448 |
| Credit card loans | $12,199 |
| Related Plans | $3,413 |
| Consumer Auto Loans | $156,346 |
| Other loans to individuals | $18,490 |
| All other loans & leases | $30,620 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $19,129 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $7,539 |
| 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 $1,156,306,000 of loans outstanding in 2020. $727,578,000 of loans were in real estate loans. $99,117,000 of loans were in development loans. $55,880,000 of loans were in multifamily mortgage loans. $216,819,000 of loans were in 1-4 family mortgage loans. $14,979,000 of loans were in farm loans. $12,199,000 of loans were in credit card loans. $156,346,000 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 | 288 | $61,670 | $214,132 |
| Nonfarm, nonresidential loans - <$100k | 57 | $2,449 | $42,965 |
| Nonfarm, nonresidential loans - $100-250k | 96 | $10,973 | $114,302 |
| Nonfarm, nonresidential loans - $250k-1MM | 135 | $48,248 | $357,393 |
| Commercial & Industrial, US addressed loans - <$1MM | 6,277 | $119,882 | $19,099 |
| Commercial & Industrial, US addressed loans - <$100k | 5,915 | $45,347 | $7,666 |
| Commercial & Industrial, US addressed loans - $100-250k | 229 | $30,081 | $131,358 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 133 | $44,454 | $334,241 |
| Farmland loans - <$1MM | 118 | $12,111 | $102,636 |
| Farmland loans - <$100k | 55 | $2,140 | $38,909 |
| Farmland loans - $100-250k | 44 | $5,712 | $129,818 |
| Farmland loans - $250k-1MM | 19 | $4,259 | $224,158 |
| Agriculture operations loans - <$1MM | 382 | $11,965 | $31,322 |
| Agriculture operations loans - <$100k | 348 | $6,675 | $19,181 |
| Agriculture operations loans - $100-250k | 26 | $2,902 | $111,615 |
| Agriculture operations loans - $250k-1MM | 8 | $2,388 | $298,500 |