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, Lebanon, Pittsburg, and Branson among others. We have data for 8 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

    284

    Origination Dollar Volume (All Markets)

    $49,670,000

    Employee count

    200

    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) 120 $25,610,000 $213,417 $0 0.00%
    JOPLIN, MO (FHA|USDA|VA) 45 $12,475,000 $277,222 $0 0.00%
    Outside of Metro Areas 78 $6,850,000 $87,821 $0 0.00%
    Lebanon, MO (FHA|USDA|VA) 34 $3,300,000 $97,059 $0 0.00%
    Pittsburg, KS (FHA|USDA|VA) 2 $910,000 $455,000 $0 0.00%
    Branson, MO (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
    COLUMBIA, MO (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
    Fort Leonard Wood, MO (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Mid-missouri Bank's top markets include Springfield, Joplin, Lebanon, Pittsburg, and Branson among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 284 $49,670,000 $174,894 $0 0.00%

    For 2020, Mid-missouri Bank's most frequently originated type of loan was Conventional, with 284 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 145 $19,135,000 $131,966 $0 0.00%
    Refi 113 $29,285,000 $259,159 $0 0.00%
    Home Improvement 26 $1,250,000 $48,077 $0 0.00%

    For 2020, Mid-missouri Bank's most frequently cited loan purpose was Home Purchase, with 145 originations. The 2nd most popular reason was Refi, with 113 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 284 $49,670,000 $174,894 $0 0.00%

    For 2020, Mid-missouri Bank's most frequently cited loan duration was Other, with 284 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 156 $7,980,000 $51,154 $0 0.00%
    $100k-200k 93 $12,605,000 $135,538 $0 0.00%
    $200k-400k 20 $5,080,000 $254,000 $0 0.00%
    $1MM+ 7 $19,005,000 $2,715,000 $0 0.00%
    $600k-1MM 5 $3,705,000 $741,000 $0 0.00%
    $400k-600k 3 $1,295,000 $431,667 $0 0.00%

    2020 saw Mid-missouri Bank place emphasis on $100,000 or less loans with 156 originations, totaling $7,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 61 $3,785,000 $62,049 $0 0.00%
    $50k-75k 38 $2,840,000 $74,737 $0 0.00%
    $100k-150k 36 $4,630,000 $128,611 $0 0.00%
    $75k-100k 30 $3,280,000 $109,333 $0 0.00%
    $150k-250k 18 $1,990,000 $110,556 $0 0.00%
    $250k+ 12 $3,020,000 $251,667 $0 0.00%

    Mid-missouri Bank lent most frequently to those with incomes in the $50k or less range, with 61 originations. The second most popular income band? $50k-75k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 284 $49,670,000 $174,894 $0 0.00%

    Mid-missouri Bank lent most frequently to those with DTI ratios of Exempt%, with 284 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 83 $29,105,000 $350,663 $0 0.00%
    White 200 $20,120,000 $100,600 $0 0.00%
    Asian 1 $445,000 $445,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.37%

    Mid-missouri Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.55%

    Mid-missouri Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 284 $49,670,000 $174,894

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 18 $23,630,000 $1,312,778
    Single Family (1-4 Units):Manufactured 19 $1,195,000 $62,895
    Single Family (1-4 Units):Site-Built 247 $24,845,000 $100,587

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mid-Missouri Bank 100 North Main Webb City, MO 64870 Full Service B&M $62,506
    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 $48,346
    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 $33,567
    Mid-Missouri Bank 2275 South Springfield Avenue Bolivar, MO 65613 Full Service B&M $103,486
    Mid-Missouri Bank 278 North Jefferson Lebanon, MO 65536 Full Service B&M $97,758
    Mid-Missouri Bank 300 E. Mt. Vernon Boulevard Mount Vernon, MO 65712 Full Service B&M $95,930
    Mid-Missouri Bank 306 Proctor Road Willard, MO 65781 Full Service B&M $23,397
    Mid-Missouri Bank 3435 E. 7th Street Joplin, MO 64801 Full Service B&M $9,441
    Mid-Missouri Bank 3546 East Sunshine Springfield, MO 65809 Full Service B&M $124,725
    Mid-Missouri Bank 5 Public Square Stockton, MO 65785 Full Service B&M $28,022
    Mid-Missouri Bank 5419 S Campbell Ave Springfield, MO 65810 Full Service B&M $29,641
    Mid-Missouri Bank 806 E. Hines St. Republic, MO 65738 Full Service B&M $41,705

    For 2020, Mid-missouri Bank had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $28,486
    Net interest income $24,082
    Total noninterest income $8,484
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,287
    Trading account gains and fees $0
    Additional Noninterest Income $7,197
    Pre-tax net operating income $9,067
    Securities gains (or losses, -) $18
    Income before extraordinary items $7,047
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,047
    Minority interest net income $0
    Net income $7,047
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,032

    Mid-missouri Bank's gross interest income from loans was $28,486,000.
    Mid-missouri Bank's net interest income from loans was $24,082,000.
    Mid-missouri Bank's fee based income from loans was $1,287,000.
    Mid-missouri Bank's net income from loans was $7,047,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,404
    Provision for credit losses $467
    Total noninterest expense $23,032
    Salaries and employee benefits $14,796
    Premises and equipment expense $2,967
    Additional noninterest expense $5,269
    Applicable income taxes $2,038
    Net charge-offs $285
    Cash dividends $2,500

    Mid-missouri Bank's interest expense for loans was $4,404,000.
    Mid-missouri Bank's payroll and benefits expense were $14,796,000.
    Mid-missouri Bank's property, plant and equipment expenses $2,967,000.

    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 $707,250
    Deposits held in domestic offices $707,250
    Deposits by Individuals, partnerships, and corporations $606,938
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $98,396
    Deposits by Commercial banks and other depository institutions in U.S. $1,916
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $74,123
    Demand deposits $32,429
    Nontransaction accounts $633,127
    Money market deposit accounts (MMDAs) $146,792
    Other savings deposits (excluding MMDAs) $311,229
    Total time deposits $175,106
    Total time and savings deposits $674,821
    Noninterest-bearing deposits $28,339
    Interest-bearing deposits $678,911
    Retail deposits $615,097
    IRAs and Keogh plan accounts $16,022
    Brokered deposits $63,784
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $783,899
    Cash & Balances due from depository institutions $121,304
    Interest-bearing balances $107,998
    Total securities $78,622
    Federal funds sold & reverse repurchase $0
    Net loans and leases $543,311
    Loan and leases loss allowance $5,653
    Trading account assets $0
    Bank premises and fixed assets $33,440
    Other real estate owned $1,021
    Goodwill and other intangibles $48
    All other assets $6,153

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $783,899
    Total Liabilities $718,407
    Total deposits $707,250
    Interest-bearing deposits $678,911
    Deposits held in domestic offices $707,250
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $1,157

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $543,311
    Loan and leases loss allowance $5,653
    Total loans and leases (domestic) $548,964
    All real estate loans $466,437
    Real estate loans in domestic offices $466,437
    Construction and development loans $35,438
    Residential 1-4 family construction $15,934
    Other construction, all land development and other land $19,504
    Loans secured by nonfarm nonresidential properties $173,642
    Nonfarm nonresidential secured by owner-occupied properties $60,065
    Commercial real estate & other non-farm, non-residential $113,577
    Multifamily residential real estate $25,387
    1-4 family residential loans $142,774
    Farmland loans $89,196
    Loans held in foreign offices $0
    Farm loans $24,332
    Commercial and industrial loans $47,707
    To non-U.S. addressees $0
    Loans to individuals $7,010
    Credit card loans $0
    Related Plans $68
    Consumer Auto Loans $5,173
    Other loans to individuals $1,769
    All other loans & leases $3,478
    Loans to foreign governments and official institutions $0
    Other loans $92
    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 $866
    Non 1-4 family restructured loans & leases $831
    Total loans and leases (foreign) $0

    Mid-Missouri Bank had $543,311,000 of loans outstanding in 2020. $466,437,000 of loans were in real estate loans. $35,438,000 of loans were in development loans. $25,387,000 of loans were in multifamily mortgage loans. $142,774,000 of loans were in 1-4 family mortgage loans. $24,332,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,173,000 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 359 $69,938 $194,813
    Nonfarm, nonresidential loans - <$100k 108 $4,332 $40,111
    Nonfarm, nonresidential loans - $100-250k 110 $13,763 $125,118
    Nonfarm, nonresidential loans - $250k-1MM 141 $51,843 $367,681
    Commercial & Industrial, US addressed loans - <$1MM 732 $36,641 $50,056
    Commercial & Industrial, US addressed loans - <$100k 581 $12,557 $21,613
    Commercial & Industrial, US addressed loans - $100-250k 93 $8,579 $92,247
    Commercial & Industrial, US addressed loans - $250k-1MM 58 $15,505 $267,328
    Farmland loans - <$1MM 563 $55,706 $98,945
    Farmland loans - <$100k 282 $11,113 $39,408
    Farmland loans - $100-250k 214 $27,265 $127,407
    Farmland loans - $250k-1MM 67 $17,328 $258,627
    Agriculture operations loans - <$1MM 706 $20,003 $28,333
    Agriculture operations loans - <$100k 649 $12,746 $19,639
    Agriculture operations loans - $100-250k 45 $4,662 $103,600
    Agriculture operations loans - $250k-1MM 12 $2,595 $216,250