Old Missouri Bank Mortgage Rates, Fees & Info
Springfield, MOLEI: 549300DF7LT6VI5BQC34
Tax ID: 43-1853121
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Mortgage Data
Bank Data
Review & Overview
Old Missouri Bank is a smaller bank specializing in Refi and Home Purchase loans. Old Missouri Bank has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Los Angeles, Joplin, Dallas, and Cape Coral among others. We have data for 12 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.
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Originations
227Origination Dollar Volume (All Markets)
$55,495,000Employee count
128Top 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) | 138 | $26,870,000 | $194,710 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $9,390,000 | $4,695,000 | $0 | 0.00% |
| Outside of Metro Areas | 45 | $8,635,000 | $191,889 | $0 | 0.00% |
| JOPLIN, MO (FHA|USDA|VA) | 20 | $3,210,000 | $160,500 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $1,660,000 | $276,667 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $1,630,000 | $815,000 | $0 | 0.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 2 | $1,160,000 | $580,000 | $0 | 0.00% |
| West Plains, MO (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 7 | $765,000 | $109,286 | $0 | 0.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 226 | $55,280,000 | $244,602 | $0 | 0.00% |
| VA | 1 | $215,000 | $215,000 | $0 | 0.00% |
For 2021, Old Missouri Bank's most frequently originated type of loan was Conventional, with 226 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 125 | $22,265,000 | $178,120 | $0 | 0.00% |
| Home Purchase | 99 | $32,975,000 | $333,081 | $0 | 0.00% |
| Home Improvement | 3 | $255,000 | $85,000 | $0 | 0.00% |
For 2021, Old Missouri Bank's most frequently cited loan purpose was Refi, with 125 originations. The 2nd most popular reason was Home Purchase, with 99 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 227 | $55,495,000 | $244,471 | $0 | 0.00% |
For 2021, Old Missouri Bank's most frequently cited loan duration was Other, with 227 originations.
Loan Sizing
2021 saw Old Missouri Bank place emphasis on $100k-200k loans with 76 originations, totaling $10,650,000 in origination value.
Applicant Income
Old Missouri Bank lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $75k-100k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 227 | $55,495,000 | $244,471 | $0 | 0.00% |
Old Missouri Bank lent most frequently to those with DTI ratios of Exempt%, with 227 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.08%
Old Missouri Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.43%
Old Missouri Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 227 | $55,495,000 | $244,471 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| OLD NATIONAL BANK | FHA mortgage | Struggling to pay mortgage | 1 | 50.0% |
| OLD NATIONAL BANK | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
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 | $5,720 |
| Old Missouri Bank | 1535 West Sunshine Street Springfield, MO 65807 | Full Service B&M | $76,047 |
| Old Missouri Bank | 218 N Webster Ave Ash Grove, MO 65604 | Full Service B&M | $55,960 |
| Old Missouri Bank | 3570 South National Springfield, MO 65807 | Full Service B&M | $335,823 |
| Old Missouri Bank | 510 W Mt Vernon Blvd Mount Vernon, MO 65712 | Full Service B&M | $31,769 |
| Old Missouri Bank | 535 West Fir Road Carthage, MO 64836 | Full Service B&M | $50,479 |
| Old Missouri Bank | 919 West Dallas Street Buffalo, MO 65622 | Full Service B&M | $21,186 |
For 2021, Old Missouri Bank had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $34,859 |
| Net interest income | $28,762 |
| Total noninterest income | $3,927 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,190 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,737 |
| Pre-tax net operating income | $13,719 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $11,117 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $11,117 |
| Minority interest net income | $0 |
| Net income | $11,117 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $11,117 |
Old Missouri Bank's gross interest income from loans was $34,859,000.
Old Missouri Bank's net interest income from loans was $28,762,000.
Old Missouri Bank's fee based income from loans was $1,190,000.
Old Missouri Bank's net income from loans was $11,117,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $6,097 |
| Provision for credit losses | $1,800 |
| Total noninterest expense | $17,170 |
| Salaries and employee benefits | $9,335 |
| Premises and equipment expense | $1,231 |
| Additional noninterest expense | $6,604 |
| Applicable income taxes | $2,602 |
| Net charge-offs | $237 |
| Cash dividends | $0 |
Old Missouri Bank's interest expense for loans was $6,097,000.
Old Missouri Bank's payroll and benefits expense were $9,335,000.
Old Missouri Bank's property, plant and equipment expenses $1,231,000.
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 | $648,170 |
| Deposits held in domestic offices | $648,170 |
| Deposits by Individuals, partnerships, and corporations | $549,452 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $44,602 |
| Deposits by Commercial banks and other depository institutions in U.S. | $54,116 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $192,707 |
| Demand deposits | $192,707 |
| Nontransaction accounts | $455,463 |
| Money market deposit accounts (MMDAs) | $122,825 |
| Other savings deposits (excluding MMDAs) | $47,651 |
| Total time deposits | $284,987 |
| Total time and savings deposits | $455,463 |
| Noninterest-bearing deposits | $129,094 |
| Interest-bearing deposits | $519,076 |
| Retail deposits | $526,604 |
| IRAs and Keogh plan accounts | $20,434 |
| Brokered deposits | $57,795 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $770,271 |
| Cash & Balances due from depository institutions | $29,068 |
| Interest-bearing balances | $13,922 |
| Total securities | $14,959 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $698,915 |
| Loan and leases loss allowance | $9,139 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,632 |
| Other real estate owned | $50 |
| Goodwill and other intangibles | $2,466 |
| All other assets | $16,181 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $770,271 |
| Total Liabilities | $683,823 |
| Total deposits | $648,170 |
| Interest-bearing deposits | $519,076 |
| Deposits held in domestic offices | $648,170 |
| % insured (estimated) | $63 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $32,500 |
| Subordinated debt | $0 |
| All other liabilities | $3,153 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $698,915 |
| Loan and leases loss allowance | $9,139 |
| Total loans and leases (domestic) | $708,054 |
| All real estate loans | $540,400 |
| Real estate loans in domestic offices | $540,400 |
| Construction and development loans | $44,921 |
| Residential 1-4 family construction | $9,171 |
| Other construction, all land development and other land | $35,750 |
| Loans secured by nonfarm nonresidential properties | $193,597 |
| Nonfarm nonresidential secured by owner-occupied properties | $17,148 |
| Commercial real estate & other non-farm, non-residential | $176,449 |
| Multifamily residential real estate | $37,065 |
| 1-4 family residential loans | $101,543 |
| Farmland loans | $163,274 |
| Loans held in foreign offices | $0 |
| Farm loans | $67,045 |
| Commercial and industrial loans | $89,960 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $10,277 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $4,547 |
| Other loans to individuals | $5,730 |
| All other loans & leases | $583 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $583 |
| 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 | $29 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Old Missouri Bank had $698,915,000 of loans outstanding in 2021. $540,400,000 of loans were in real estate loans. $44,921,000 of loans were in development loans. $37,065,000 of loans were in multifamily mortgage loans. $101,543,000 of loans were in 1-4 family mortgage loans. $67,045,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,547,000 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 | 206 | $53,247 | $258,481 |
| Nonfarm, nonresidential loans - <$100k | 57 | $2,938 | $51,544 |
| Nonfarm, nonresidential loans - $100-250k | 59 | $8,267 | $140,119 |
| Nonfarm, nonresidential loans - $250k-1MM | 90 | $42,042 | $467,133 |
| Commercial & Industrial, US addressed loans - <$1MM | 569 | $47,945 | $84,262 |
| Commercial & Industrial, US addressed loans - <$100k | 394 | $14,529 | $36,876 |
| Commercial & Industrial, US addressed loans - $100-250k | 117 | $13,320 | $113,846 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 58 | $20,096 | $346,483 |
| Farmland loans - <$1MM | 454 | $73,760 | $162,467 |
| Farmland loans - <$100k | 155 | $14,924 | $96,284 |
| Farmland loans - $100-250k | 159 | $21,914 | $137,824 |
| Farmland loans - $250k-1MM | 140 | $36,922 | $263,729 |
| Agriculture operations loans - <$1MM | 743 | $47,241 | $63,581 |
| Agriculture operations loans - <$100k | 546 | $17,529 | $32,104 |
| Agriculture operations loans - $100-250k | 146 | $17,693 | $121,185 |
| Agriculture operations loans - $250k-1MM | 51 | $12,019 | $235,667 |