Old Missouri Bank Mortgage Rates, Fees & Info

Springfield, MO

LEI: 549300DF7LT6VI5BQC34

Tax ID: 43-1853121

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Mortgage Data

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

    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, Branson, and Fayetteville among others. We have data for 5 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 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

    175

    Origination Dollar Volume (All Markets)

    $31,755,000

    Employee count

    92

    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) 99 $20,265,000 $204,697 $0 0.00%
    Outside of Metro Areas 52 $7,470,000 $143,654 $0 0.00%
    JOPLIN, MO (FHA|USDA|VA) 20 $3,390,000 $169,500 $0 0.00%
    Branson, MO (FHA|USDA|VA) 3 $495,000 $165,000 $0 0.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Old Missouri Bank's top markets include Springfield, Joplin, Branson, and Fayetteville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 175 $31,755,000 $181,457 $0 0.00%

    For 2019, Old Missouri Bank's most frequently originated type of loan was Conventional, with 175 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 74 $12,240,000 $165,405 $0 0.00%
    Refi 64 $13,890,000 $217,031 $0 0.00%
    Cash Out Refi 34 $5,410,000 $159,118 $0 0.00%
    Home Improvement 2 $190,000 $95,000 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2019, Old Missouri Bank's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Refi, with 64 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 175 $31,755,000 $181,457 $0 0.00%

    For 2019, Old Missouri Bank's most frequently cited loan duration was Other, with 175 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 72 $4,330,000 $60,139 $0 0.00%
    $100k-200k 61 $8,285,000 $135,820 $0 0.00%
    $200k-400k 30 $8,700,000 $290,000 $0 0.00%
    $400k-600k 6 $3,070,000 $511,667 $0 0.00%
    $1MM+ 4 $6,060,000 $1,515,000 $0 0.00%
    $600k-1MM 2 $1,310,000 $655,000 $0 0.00%

    2019 saw Old Missouri Bank place emphasis on $100,000 or less loans with 72 originations, totaling $4,330,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 42 $3,680,000 $87,619 $0 0.00%
    $50k-75k 32 $3,470,000 $108,438 $0 0.00%
    $75k-100k 24 $3,940,000 $164,167 $0 0.00%
    $100k-150k 23 $4,665,000 $202,826 $0 0.00%
    $150k-250k 16 $3,880,000 $242,500 $0 0.00%
    $250k+ 6 $3,270,000 $545,000 $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? $50k-75k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 175 $31,755,000 $181,457 $0 0.00%

    Old Missouri Bank lent most frequently to those with DTI ratios of Exempt%, with 175 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 135 $21,925,000 $162,407 $0 0.00%
    Not applicable 32 $8,850,000 $276,563 $0 0.00%
    Not provided 7 $875,000 $125,000 $0 0.00%
    Black 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.71%

    Old Missouri Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.29%

    Old Missouri Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 175 $31,755,000 $181,457

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $4,900,000 $1,225,000
    Single Family (1-4 Units):Manufactured 5 $215,000 $43,000
    Single Family (1-4 Units):Site-Built 166 $26,640,000 $160,482

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    OLD NATIONAL BANK Conventional home mortgage Trouble during payment process 2 100.0%

    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 $5,542
    Old Missouri Bank 1535 West Sunshine Street Springfield, MO 65807 Full Service B&M $93,102
    Old Missouri Bank 218 N Webster Ave Ash Grove, MO 65604 Full Service B&M $53,498
    Old Missouri Bank 3570 South National Springfield, MO 65807 Full Service B&M $217,014
    Old Missouri Bank 510 W Mt Vernon Blvd Mount Vernon, MO 65712 Full Service B&M $17,415
    Old Missouri Bank 919 West Dallas Street Buffalo, MO 65622 Full Service B&M $18,382

    For 2019, Old Missouri Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,789
    Net interest income $17,602
    Total noninterest income $2,043
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $712
    Trading account gains and fees $0
    Additional Noninterest Income $1,331
    Pre-tax net operating income $6,185
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,629
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,629
    Minority interest net income $0
    Net income $4,629
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,629

    Old Missouri Bank's gross interest income from loans was $26,789,000.
    Old Missouri Bank's net interest income from loans was $17,602,000.
    Old Missouri Bank's fee based income from loans was $712,000.
    Old Missouri Bank's net income from loans was $4,629,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,187
    Provision for credit losses $1,500
    Total noninterest expense $11,960
    Salaries and employee benefits $7,122
    Premises and equipment expense $1,008
    Additional noninterest expense $3,830
    Applicable income taxes $1,556
    Net charge-offs $987
    Cash dividends $0

    Old Missouri Bank's interest expense for loans was $9,187,000.
    Old Missouri Bank's payroll and benefits expense were $7,122,000.
    Old Missouri Bank's property, plant and equipment expenses $1,008,000.

    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 1.0%
    All other family 0.0%
    Commercial & industrial loans 4.0%
    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 $430,014
    Deposits held in domestic offices $430,014
    Deposits by Individuals, partnerships, and corporations $377,587
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,270
    Deposits by Commercial banks and other depository institutions in U.S. $29,157
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $76,883
    Demand deposits $76,883
    Nontransaction accounts $353,131
    Money market deposit accounts (MMDAs) $78,748
    Other savings deposits (excluding MMDAs) $15,210
    Total time deposits $259,173
    Total time and savings deposits $353,131
    Noninterest-bearing deposits $34,899
    Interest-bearing deposits $395,115
    Retail deposits $343,227
    IRAs and Keogh plan accounts $20,283
    Brokered deposits $38,838
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $530,931
    Cash & Balances due from depository institutions $4,890
    Interest-bearing balances $586
    Total securities $28,785
    Federal funds sold & reverse repurchase $11,914
    Net loans and leases $464,443
    Loan and leases loss allowance $5,481
    Trading account assets $0
    Bank premises and fixed assets $5,420
    Other real estate owned $388
    Goodwill and other intangibles $2,683
    All other assets $12,408

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $530,931
    Total Liabilities $478,962
    Total deposits $430,014
    Interest-bearing deposits $395,115
    Deposits held in domestic offices $430,014
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $47,000
    Subordinated debt $0
    All other liabilities $1,948

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $464,443
    Loan and leases loss allowance $5,481
    Total loans and leases (domestic) $469,924
    All real estate loans $343,020
    Real estate loans in domestic offices $343,020
    Construction and development loans $25,777
    Residential 1-4 family construction $4,077
    Other construction, all land development and other land $21,700
    Loans secured by nonfarm nonresidential properties $85,500
    Nonfarm nonresidential secured by owner-occupied properties $12,959
    Commercial real estate & other non-farm, non-residential $72,541
    Multifamily residential real estate $12,271
    1-4 family residential loans $84,118
    Farmland loans $135,354
    Loans held in foreign offices $0
    Farm loans $52,768
    Commercial and industrial loans $65,536
    To non-U.S. addressees $0
    Loans to individuals $8,585
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,447
    Other loans to individuals $5,138
    All other loans & leases $262
    Loans to foreign governments and official institutions $0
    Other loans $167
    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 $1,577
    Non 1-4 family restructured loans & leases $1,479
    Total loans and leases (foreign) $0

    Old Missouri Bank had $464,443,000 of loans outstanding in 2019. $343,020,000 of loans were in real estate loans. $25,777,000 of loans were in development loans. $12,271,000 of loans were in multifamily mortgage loans. $84,118,000 of loans were in 1-4 family mortgage loans. $52,768,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,447,000 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 112 $24,381 $217,688
    Nonfarm, nonresidential loans - <$100k 38 $2,054 $54,053
    Nonfarm, nonresidential loans - $100-250k 35 $4,869 $139,114
    Nonfarm, nonresidential loans - $250k-1MM 39 $17,458 $447,641
    Commercial & Industrial, US addressed loans - <$1MM 411 $31,814 $77,406
    Commercial & Industrial, US addressed loans - <$100k 329 $13,550 $41,185
    Commercial & Industrial, US addressed loans - $100-250k 47 $5,536 $117,787
    Commercial & Industrial, US addressed loans - $250k-1MM 35 $12,728 $363,657
    Farmland loans - <$1MM 397 $53,459 $134,657
    Farmland loans - <$100k 174 $11,137 $64,006
    Farmland loans - $100-250k 143 $20,233 $141,490
    Farmland loans - $250k-1MM 80 $22,089 $276,113
    Agriculture operations loans - <$1MM 567 $21,477 $37,878
    Agriculture operations loans - <$100k 533 $16,259 $30,505
    Agriculture operations loans - $100-250k 28 $3,375 $120,536
    Agriculture operations loans - $250k-1MM 6 $1,843 $307,167