Old Missouri Bank Mortgage Rates, Fees & Info

Springfield, MO

LEI: 549300DF7LT6VI5BQC34

Tax ID: 43-1853121

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

Review & Overview

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

Old Missouri Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

190

Origination Dollar Volume (All Markets)

$34,010,000

Employee count

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)	122	$21,540,000	$176,557	$0	0.00%
Outside of Metro Areas	45	$6,985,000	$155,222	$0	0.00%
JOPLIN, MO (FHA\|USDA\|VA)	10	$2,800,000	$280,000	$0	0.00%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	8	$1,870,000	$233,750	$0	0.00%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	1	$305,000	$305,000	$0	0.00%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	0.00%
Poplar Bluff, MO (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	0.00%
Branson, MO (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	0.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	0.00%

Old Missouri Bank's top markets include Springfield, Joplin, Dallas, St. Louis, and Kansas City among others.

Their top states include:

Missouri (FHA|USDA|VA)

Texas (FHA|USDA|VA)

Arkansas (FHA|USDA|VA)

Kansas (FHA|USDA|VA)

Nevada (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	190	$34,010,000	$179,000	$0	0.00%

For 2018, Old Missouri Bank's most frequently originated type of loan was Conventional, with 190 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	92	$17,130,000	$186,196	$0	0.00%
Refi	69	$12,255,000	$177,609	$0	0.00%
Cash Out Refi	25	$4,445,000	$177,800	$0	0.00%
Home Improvement	4	$180,000	$45,000	$0	0.00%

For 2018, Old Missouri Bank's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 69 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	190	$34,010,000	$179,000	$0	0.00%

For 2018, Old Missouri Bank's most frequently cited loan duration was Other, with 190 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	69	$4,275,000	$61,957	$0	0.00%
$100k-200k	65	$9,195,000	$141,462	$0	0.00%
$200k-400k	45	$11,945,000	$265,444	$0	0.00%
$400k-600k	5	$2,415,000	$483,000	$0	0.00%
$1MM+	3	$3,995,000	$1,331,667	$0	0.00%
$600k-1MM	3	$2,185,000	$728,333	$0	0.00%

2018 saw Old Missouri Bank place emphasis on $100,000 or less loans with 69 originations, totaling $4,275,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	42	$3,790,000	$90,238	$0	0.00%
$100k-150k	35	$6,705,000	$191,571	$0	0.00%
$50k-75k	25	$3,615,000	$144,600	$0	0.00%
$75k-100k	16	$2,190,000	$136,875	$0	0.00%
$250k+	15	$4,435,000	$295,667	$0	0.00%
$150k-250k	12	$3,200,000	$266,667	$0	0.00%

Old Missouri Bank lent most frequently to those with incomes in the $50k or less range, with 42 originations. The second most popular income band? $100k-150k, with 35 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	190	$34,010,000	$179,000	$0	0.00%

Old Missouri Bank lent most frequently to those with DTI ratios of Exempt%, with 190 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	132	$21,420,000	$162,273	$0	0.00%
Not applicable	44	$10,030,000	$227,955	$0	0.00%
Not provided	11	$2,055,000	$186,818	$0	0.00%
Asian Indian	1	$295,000	$295,000	$0	0.00%
American Indian	2	$210,000	$105,000	$0	0.00%

Approval Rates

Total approvals of all applications
92.48%

Old Missouri Bank has an average approval rate.

Pick Rate

Approvals leading to origination
90.53%

Old Missouri Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	190	$34,010,000	$179,000

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	8	$5,750,000	$718,750
Single Family (1-4 Units):Manufactured	9	$515,000	$57,222
Single Family (1-4 Units):Site-Built	173	$27,745,000	$160,376

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
OLD NATIONAL BANK	Conventional home mortgage	Struggling to pay mortgage	2	25.0%
OLD NATIONAL BANK	Conventional home mortgage	Trouble during payment process	3	37.5%
OLD NATIONAL BANK	Other type of mortgage	Applying for a mortgage or refinancing an existing mortgage	1	12.5%
OLD NATIONAL BANK	Other type of mortgage	Trouble during payment process	2	25.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Old Missouri Bank	101 East Main Street Walnut Grove, MO 65770	Limited, Drive-thru	$5,960
Old Missouri Bank	1535 West Sunshine Street Springfield, MO 65807	Full Service B&M	$81,440
Old Missouri Bank	218 N Webster Ave Ash Grove, MO 65604	Full Service B&M	$53,427
Old Missouri Bank	318 W Mt Vernon Blvd Mount Vernon, MO 65712	Full Service B&M	$4,318
Old Missouri Bank	3570 South National Springfield, MO 65807	Full Service B&M	$177,454
Old Missouri Bank	919 West Dallas Street Buffalo, MO 65622	Full Service B&M	$16,367

For 2018, Old Missouri Bank had 6 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$20,065
Net interest income	$14,569
Total noninterest income	$2,206
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$681
Trading account gains and fees	$0
Additional Noninterest Income	$1,525
Pre-tax net operating income	$4,779
Securities gains (or losses, -)	$0
Income before extraordinary items	$3,602
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$3,602
Minority interest net income	$0
Net income	$3,602
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$3,602

Old Missouri Bank's gross interest income from loans was $20,065,000.
Old Missouri Bank's net interest income from loans was $14,569,000.
Old Missouri Bank's fee based income from loans was $681,000.
Old Missouri Bank's net income from loans was $3,602,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$5,496
Provision for credit losses	$1,540
Total noninterest expense	$10,456
Salaries and employee benefits	$6,232
Premises and equipment expense	$931
Additional noninterest expense	$3,293
Applicable income taxes	$1,177
Net charge-offs	$713
Cash dividends	$0

Old Missouri Bank's interest expense for loans was $5,496,000.
Old Missouri Bank's payroll and benefits expense were $6,232,000.
Old Missouri Bank's property, plant and equipment expenses $931,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	1.0%
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	2.0%
HELOC loans	1.0%
All other family	2.0%
Commercial & industrial loans	1.0%
Personal loans	1.0%
Credit card loans	0.0%
Other individual loans	1.0%
Auto loans	4.0%
Other consumer loans	0.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$377,537
Deposits held in domestic offices	$377,537
Deposits by Individuals, partnerships, and corporations	$336,630
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$10,381
Deposits by Commercial banks and other depository institutions in U.S.	$30,526
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$65,472
Demand deposits	$65,472
Nontransaction accounts	$312,065
Money market deposit accounts (MMDAs)	$57,579
Other savings deposits (excluding MMDAs)	$13,603
Total time deposits	$240,883
Total time and savings deposits	$312,065
Noninterest-bearing deposits	$32,972
Interest-bearing deposits	$344,565
Retail deposits	$299,294
IRAs and Keogh plan accounts	$19,941
Brokered deposits	$40,727
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$465,174
Cash & Balances due from depository institutions	$7,127
Interest-bearing balances	$507
Total securities	$29,542
Federal funds sold & reverse repurchase	$733
Net loans and leases	$408,547
Loan and leases loss allowance	$4,968
Trading account assets	$0
Bank premises and fixed assets	$4,046
Other real estate owned	$382
Goodwill and other intangibles	$2,791
All other assets	$12,006

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$465,174
Total Liabilities	$421,695
Total deposits	$377,537
Interest-bearing deposits	$344,565
Deposits held in domestic offices	$377,537
% insured (estimated)	$79
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$43,000
Subordinated debt	$0
All other liabilities	$1,158

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$408,547
Loan and leases loss allowance	$4,968
Total loans and leases (domestic)	$413,515
All real estate loans	$310,558
Real estate loans in domestic offices	$310,558
Construction and development loans	$17,204
Residential 1-4 family construction	$4,898
Other construction, all land development and other land	$12,306
Loans secured by nonfarm nonresidential properties	$72,454
Nonfarm nonresidential secured by owner-occupied properties	$11,473
Commercial real estate & other non-farm, non-residential	$60,981
Multifamily residential real estate	$15,012
1-4 family residential loans	$79,250
Farmland loans	$126,638
Loans held in foreign offices	$0
Farm loans	$43,100
Commercial and industrial loans	$52,290
To non-U.S. addressees	$0
Loans to individuals	$7,620
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$2,884
Other loans to individuals	$4,736
All other loans & leases	$275
Loans to foreign governments and official institutions	$0
Other loans	$175
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	$0
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

Old Missouri Bank had $408,547,000 of loans outstanding in 2018. $310,558,000 of loans were in real estate loans. $17,204,000 of loans were in development loans. $15,012,000 of loans were in multifamily mortgage loans. $79,250,000 of loans were in 1-4 family mortgage loans. $43,100,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,884,000 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	101	$21,365	$211,535
Nonfarm, nonresidential loans - <$100k	32	$1,693	$52,906
Nonfarm, nonresidential loans - $100-250k	37	$5,023	$135,757
Nonfarm, nonresidential loans - $250k-1MM	32	$14,649	$457,781
Commercial & Industrial, US addressed loans - <$1MM	368	$25,361	$68,916
Commercial & Industrial, US addressed loans - <$100k	288	$8,584	$29,806
Commercial & Industrial, US addressed loans - $100-250k	53	$6,495	$122,547
Commercial & Industrial, US addressed loans - $250k-1MM	27	$10,282	$380,815
Farmland loans - <$1MM	328	$47,918	$146,091
Farmland loans - <$100k	116	$7,471	$64,405
Farmland loans - $100-250k	138	$19,459	$141,007
Farmland loans - $250k-1MM	74	$20,988	$283,622
Agriculture operations loans - <$1MM	519	$32,206	$62,054
Agriculture operations loans - <$100k	411	$15,218	$37,027
Agriculture operations loans - $100-250k	88	$11,724	$133,227
Agriculture operations loans - $250k-1MM	20	$5,264	$263,200