Mid-missouri Bank Mortgage Rates, Fees & Info

Springfield, MO

LEI: 549300D064PXOX5JP483

Tax ID: 44-0393970

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Mortgage Data

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

    Mid-missouri Bank is a smaller bank specializing in Home Purchase and Refi loans. Mid-missouri Bank has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Joplin, Kansas City, North Port, and Lebanon among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mid-missouri Bank 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.

    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

    261

    Origination Dollar Volume (All Markets)

    $32,495,000

    Employee count

    197

    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) 101 $12,985,000 $128,564 $0 0.00%
    Outside of Metro Areas 83 $6,845,000 $82,470 $0 0.00%
    JOPLIN, MO (FHA|USDA|VA) 41 $6,205,000 $151,341 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 16 $3,910,000 $244,375 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $1,190,000 $595,000 $0 0.00%
    Lebanon, MO (FHA|USDA|VA) 14 $900,000 $64,286 $0 0.00%
    Branson, MO (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
    COLUMBIA, MO (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Pittsburg, KS (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Mid-missouri Bank's top markets include Springfield, Joplin, Kansas City, North Port, 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 261 $32,495,000 $124,502 $0 0.00%

    For 2018, Mid-missouri Bank's most frequently originated type of loan was Conventional, with 261 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 161 $23,015,000 $142,950 $0 0.00%
    Refi 87 $8,795,000 $101,092 $0 0.00%
    Home Improvement 13 $685,000 $52,692 $0 0.00%

    For 2018, Mid-missouri Bank's most frequently cited loan purpose was Home Purchase, with 161 originations. The 2nd most popular reason was Refi, with 87 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 261 $32,495,000 $124,502 $0 0.00%

    For 2018, Mid-missouri Bank's most frequently cited loan duration was Other, with 261 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 159 $7,795,000 $49,025 $0 0.00%
    $100k-200k 59 $7,945,000 $134,661 $0 0.00%
    $200k-400k 34 $8,740,000 $257,059 $0 0.00%
    $600k-1MM 4 $3,320,000 $830,000 $0 0.00%
    $400k-600k 3 $1,325,000 $441,667 $0 0.00%
    $1MM+ 2 $3,370,000 $1,685,000 $0 0.00%

    2018 saw Mid-missouri Bank place emphasis on $100,000 or less loans with 159 originations, totaling $7,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 54 $3,660,000 $67,778 $0 0.00%
    $50k or less 42 $2,240,000 $53,333 $0 0.00%
    $100k-150k 34 $3,940,000 $115,882 $0 0.00%
    $75k-100k 33 $2,525,000 $76,515 $0 0.00%
    $150k-250k 13 $1,375,000 $105,769 $0 0.00%
    $250k+ 7 $1,495,000 $213,571 $0 0.00%

    Mid-missouri Bank lent most frequently to those with incomes in the $50k-75k range, with 54 originations. The second most popular income band? $50k or less, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 261 $32,495,000 $124,502 $0 0.00%

    Mid-missouri Bank lent most frequently to those with DTI ratios of Exempt%, with 261 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 77 $17,105,000 $222,143 $0 0.00%
    White 182 $14,990,000 $82,363 $0 0.00%
    Korean 1 $295,000 $295,000 $0 0.00%
    Not provided 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.07%

    Mid-missouri Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.61%

    Mid-missouri Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 261 $32,495,000 $124,502

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $7,350,000 $612,500
    Single Family (1-4 Units):Manufactured 27 $1,605,000 $59,444
    Single Family (1-4 Units):Site-Built 222 $23,540,000 $106,036

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mid-Missouri Bank 5 Public Square Stockton, MO 65785 Full Service B&M $20,790
    Mid-Missouri Bank 100 North Main Webb City, MO 64870 Full Service B&M $52,455
    Mid-Missouri Bank 101 Main Street Webb City, MO 64870 Limited, Drive-thru $0
    Mid-Missouri Bank 118 West Highway 54 El Dorado Springs, MO 64744 Full Service B&M $47,275
    Mid-Missouri Bank 1421 South Madison Webb City, MO 64870 Limited, Drive-thru $0
    Mid-Missouri Bank 2230 East 32nd Street Joplin, MO 64804 Full Service B&M $28,023
    Mid-Missouri Bank 2275 South Springfield Avenue Bolivar, MO 65613 Full Service B&M $84,022
    Mid-Missouri Bank 278 North Jefferson Lebanon, MO 65536 Full Service B&M $90,649
    Mid-Missouri Bank 300 E. Mt. Vernon Boulevard Mount Vernon, MO 65712 Full Service B&M $79,649
    Mid-Missouri Bank 306 Proctor Road Willard, MO 65781 Full Service B&M $20,092
    Mid-Missouri Bank 3435 E. 7th Street Joplin, MO 64801 Full Service B&M $9,687
    Mid-Missouri Bank 3546 East Sunshine Springfield, MO 65809 Full Service B&M $69,760
    Mid-Missouri Bank 5419 S Campbell Ave Springfield, MO 65810 Full Service B&M $20,325
    Mid-Missouri Bank 806 E. Hines St. Republic, MO 65738 Full Service B&M $36,243

    For 2018, Mid-missouri Bank had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,307
    Net interest income $23,017
    Total noninterest income $7,769
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,772
    Trading account gains and fees $0
    Additional Noninterest Income $5,997
    Pre-tax net operating income $9,738
    Securities gains (or losses, -) $0
    Income before extraordinary items $7,274
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,274
    Minority interest net income $0
    Net income $7,274
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,274

    Mid-missouri Bank's gross interest income from loans was $26,307,000.
    Mid-missouri Bank's net interest income from loans was $23,017,000.
    Mid-missouri Bank's fee based income from loans was $1,772,000.
    Mid-missouri Bank's net income from loans was $7,274,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,290
    Provision for credit losses $360
    Total noninterest expense $20,688
    Salaries and employee benefits $12,777
    Premises and equipment expense $3,013
    Additional noninterest expense $4,898
    Applicable income taxes $2,464
    Net charge-offs $273
    Cash dividends $5,000

    Mid-missouri Bank's interest expense for loans was $3,290,000.
    Mid-missouri Bank's payroll and benefits expense were $12,777,000.
    Mid-missouri Bank's property, plant and equipment expenses $3,013,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $563,673
    Deposits held in domestic offices $563,673
    Deposits by Individuals, partnerships, and corporations $469,774
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $92,754
    Deposits by Commercial banks and other depository institutions in U.S. $1,145
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $45,037
    Demand deposits $18,819
    Nontransaction accounts $518,636
    Money market deposit accounts (MMDAs) $92,731
    Other savings deposits (excluding MMDAs) $247,788
    Total time deposits $178,117
    Total time and savings deposits $544,854
    Noninterest-bearing deposits $17,687
    Interest-bearing deposits $545,986
    Retail deposits $498,202
    IRAs and Keogh plan accounts $17,183
    Brokered deposits $33,456
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $629,828
    Cash & Balances due from depository institutions $61,946
    Interest-bearing balances $53,141
    Total securities $30,613
    Federal funds sold & reverse repurchase $0
    Net loans and leases $502,451
    Loan and leases loss allowance $5,487
    Trading account assets $0
    Bank premises and fixed assets $28,549
    Other real estate owned $0
    Goodwill and other intangibles $78
    All other assets $6,191

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $629,828
    Total Liabilities $571,403
    Total deposits $563,673
    Interest-bearing deposits $545,986
    Deposits held in domestic offices $563,673
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $6,000
    Subordinated debt $0
    All other liabilities $1,730

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $502,451
    Loan and leases loss allowance $5,487
    Total loans and leases (domestic) $507,938
    All real estate loans $425,736
    Real estate loans in domestic offices $425,736
    Construction and development loans $40,424
    Residential 1-4 family construction $16,883
    Other construction, all land development and other land $23,541
    Loans secured by nonfarm nonresidential properties $131,554
    Nonfarm nonresidential secured by owner-occupied properties $52,978
    Commercial real estate & other non-farm, non-residential $78,576
    Multifamily residential real estate $30,244
    1-4 family residential loans $139,994
    Farmland loans $83,520
    Loans held in foreign offices $0
    Farm loans $34,786
    Commercial and industrial loans $37,621
    To non-U.S. addressees $0
    Loans to individuals $7,068
    Credit card loans $0
    Related Plans $87
    Consumer Auto Loans $4,801
    Other loans to individuals $2,180
    All other loans & leases $2,727
    Loans to foreign governments and official institutions $0
    Other loans $165
    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 $4,861
    Non 1-4 family restructured loans & leases $4,861
    Total loans and leases (foreign) $0

    Mid-Missouri Bank had $502,451,000 of loans outstanding in 2018. $425,736,000 of loans were in real estate loans. $40,424,000 of loans were in development loans. $30,244,000 of loans were in multifamily mortgage loans. $139,994,000 of loans were in 1-4 family mortgage loans. $34,786,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,801,000 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 347 $62,918 $181,320
    Nonfarm, nonresidential loans - <$100k 122 $4,712 $38,623
    Nonfarm, nonresidential loans - $100-250k 109 $13,875 $127,294
    Nonfarm, nonresidential loans - $250k-1MM 116 $44,331 $382,164
    Commercial & Industrial, US addressed loans - <$1MM 450 $24,505 $54,456
    Commercial & Industrial, US addressed loans - <$100k 357 $7,539 $21,118
    Commercial & Industrial, US addressed loans - $100-250k 56 $6,098 $108,893
    Commercial & Industrial, US addressed loans - $250k-1MM 37 $10,868 $293,730
    Farmland loans - <$1MM 529 $52,901 $100,002
    Farmland loans - <$100k 282 $11,881 $42,131
    Farmland loans - $100-250k 177 $22,840 $129,040
    Farmland loans - $250k-1MM 70 $18,180 $259,714
    Agriculture operations loans - <$1MM 790 $24,460 $30,962
    Agriculture operations loans - <$100k 709 $14,282 $20,144
    Agriculture operations loans - $100-250k 70 $7,333 $104,757
    Agriculture operations loans - $250k-1MM 11 $2,845 $258,636