The Missouri Bank Mortgage Rates, Fees & Info

Warrenton, MO

LEI: 549300FS4TWJ50ESLB05

Tax ID: 43-0573160

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

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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

    The Missouri Bank is a smaller bank specializing in Home Purchase and Refi loans. The Missouri Bank has a high proportion of conventional loans. Their top (well, only) market is St. Louis.

    The 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. The Missouri Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    41

    Origination Dollar Volume (All Markets)

    $4,835,000

    Employee count

    54

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 34 $4,440,000 $130,588 $2,227 5.47%
    Outside of Metro Areas 7 $395,000 $56,429 $1,327 5.87%
    The Missouri Bank's top markets include and St. Louis among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 37 $4,345,000 $117,432 $1,927 5.60%
    HELOC 4 $490,000 $122,500 n/a 4.94%

    For 2018, The Missouri Bank's most frequently originated type of loan was Conventional, with 37 originations. Their 2nd most popular type was HELOC, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 21 $3,525,000 $167,857 $2,600 5.43%
    Refi 14 $1,040,000 $74,286 $1,083 5.54%
    Home Improvement 4 $210,000 $52,500 $0 5.75%
    Other 2 $60,000 $30,000 $1,089 6.19%

    For 2018, The Missouri Bank's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 12 $1,880,000 $156,667 $0 5.29%
    3 Year 10 $1,270,000 $127,000 $0 5.45%
    Other 7 $595,000 $85,000 $0 5.43%
    15 Year 5 $395,000 $79,000 $2,011 5.97%
    20 Year 3 $515,000 $171,667 $2,235 5.62%
    5 Year 2 $20,000 $10,000 $696 6.25%
    30 Year 1 $105,000 $105,000 $2,875 5.65%
    10 Year 1 $55,000 $55,000 $1,482 6.13%

    For 2018, The Missouri Bank's most frequently cited loan duration was 1 Year, with 12 originations. The 2nd most popular length was 3 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 6 $260,000 $43,333
    $1k-2k 3 $355,000 $118,333

    The Missouri Bank's average total fees were $2,875, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 6 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 31 $3,195,000 $103,065
    4-5% 5 $1,465,000 $293,000
    6-7% 5 $175,000 $35,000

    During 2018, The Missouri Bank's average interest rate for loans was 5.65%, while their most frequently originated rate bucket for loans was 5-6%, with 31 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 23 $1,095,000 $47,609 $1,553 5.73%
    $100k-200k 11 $1,515,000 $137,727 $3,234 5.38%
    $200k-400k 5 $1,165,000 $233,000 $0 5.30%
    $400k-600k 1 $455,000 $455,000 $0 4.75%
    $600k-1MM 1 $605,000 $605,000 $0 4.75%

    2018 saw The Missouri Bank place emphasis on $100,000 or less loans with 23 originations, totaling $1,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 10 $1,050,000 $105,000 $1,792 5.61%
    $50k or less 8 $560,000 $70,000 $877 5.69%
    $50k-75k 7 $465,000 $66,429 $2,207 5.63%
    $150k-250k 4 $770,000 $192,500 $3,593 5.44%
    $250k+ 2 $120,000 $60,000 $0 5.25%
    $100k-150k 1 $25,000 $25,000 $0 5.50%

    The Missouri Bank lent most frequently to those with incomes in the $75k-100k range, with 10 originations. The second most popular income band? $50k or less, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 11 $965,000 $87,727 $1,614 5.61%
    20-30% 10 $1,150,000 $115,000 $2,197 5.51%
    30-36% 5 $475,000 $95,000 $2,903 5.63%
    36% 2 $110,000 $55,000 $1,393 5.73%
    >60% 2 $150,000 $75,000 $0 5.38%
    44% 1 $15,000 $15,000 $0 6.25%
    40% 1 $125,000 $125,000 $0 5.25%

    The Missouri Bank lent most frequently to those with DTI ratios of <20%, with 11 originations. The next most common DTI ratio? 20-30%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 32 $2,880,000 $90,000 $1,927 5.61%
    Not applicable 8 $1,830,000 $228,750 $0 5.28%
    Black 1 $125,000 $125,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    97.78%

    The 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 origination
    92.68%

    The Missouri Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 41 $4,835,000 $117,927

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 7 $345,000 $49,286
    Single Family (1-4 Units):Site-Built 34 $4,490,000 $132,059

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $600,000 $60,000 $1,079 5.74%
    40-60% 10 $1,540,000 $154,000 $2,148 5.36%
    60-80% 13 $1,405,000 $108,077 $2,072 5.56%
    80-100% 5 $1,155,000 $231,000 $3,593 5.45%
    Under 20% 3 $135,000 $45,000 $0 5.50%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Town Square Mortgage & Investments, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Town Square Mortgage & Investments, LLC VA mortgage Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Missouri Bank 501 Market Street Hermann, MO 65041 Full Service B&M $28,559
    The Missouri Bank 104 North Highway 47 Warrenton, MO 63383 Full Service B&M $107,450
    The Missouri Bank 1145 West Pearce Boulevard Wentzville, MO 63385 Full Service B&M $37,668
    The Missouri Bank 2439 Highway K Hermann, MO 65041 Full Service B&M $3,164
    The Missouri Bank 3214 South Service Road Foristell, MO 63348 Full Service B&M $11,087

    For 2018, The Missouri Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,843
    Net interest income $7,676
    Total noninterest income $807
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $348
    Trading account gains and fees $0
    Additional Noninterest Income $459
    Pre-tax net operating income $3,592
    Securities gains (or losses, -) $-5
    Income before extraordinary items $3,549
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,549
    Minority interest net income $0
    Net income $3,549
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,553

    The Missouri Bank's gross interest income from loans was $8,843,000.
    The Missouri Bank's net interest income from loans was $7,676,000.
    The Missouri Bank's fee based income from loans was $348,000.
    The Missouri Bank's net income from loans was $3,549,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,167
    Provision for credit losses $100
    Total noninterest expense $4,791
    Salaries and employee benefits $2,749
    Premises and equipment expense $747
    Additional noninterest expense $1,295
    Applicable income taxes $38
    Net charge-offs $70
    Cash dividends $3,150

    The Missouri Bank's interest expense for loans was $1,167,000.
    The Missouri Bank's payroll and benefits expense were $2,749,000.
    The Missouri Bank's property, plant and equipment expenses $747,000.

    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 2.0%
    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 $202,797
    Deposits held in domestic offices $202,797
    Deposits by Individuals, partnerships, and corporations $157,943
    Deposits by U.S. Government $169
    Deposits by States and political subdivisions in the U.S. $44,685
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $95,942
    Demand deposits $49,639
    Nontransaction accounts $106,855
    Money market deposit accounts (MMDAs) $39,605
    Other savings deposits (excluding MMDAs) $20,252
    Total time deposits $46,998
    Total time and savings deposits $153,158
    Noninterest-bearing deposits $49,639
    Interest-bearing deposits $153,158
    Retail deposits $195,926
    IRAs and Keogh plan accounts $8,207
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $231,019
    Cash & Balances due from depository institutions $9,818
    Interest-bearing balances $250
    Total securities $58,249
    Federal funds sold & reverse repurchase $18,114
    Net loans and leases $131,707
    Loan and leases loss allowance $1,694
    Trading account assets $0
    Bank premises and fixed assets $4,017
    Other real estate owned $75
    Goodwill and other intangibles $0
    All other assets $9,039

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $231,019
    Total Liabilities $205,785
    Total deposits $202,797
    Interest-bearing deposits $153,158
    Deposits held in domestic offices $202,797
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $2,604
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $384

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $131,707
    Loan and leases loss allowance $1,694
    Total loans and leases (domestic) $133,401
    All real estate loans $118,354
    Real estate loans in domestic offices $118,354
    Construction and development loans $24,814
    Residential 1-4 family construction $9,180
    Other construction, all land development and other land $15,634
    Loans secured by nonfarm nonresidential properties $38,119
    Nonfarm nonresidential secured by owner-occupied properties $13,585
    Commercial real estate & other non-farm, non-residential $24,534
    Multifamily residential real estate $428
    1-4 family residential loans $38,695
    Farmland loans $16,298
    Loans held in foreign offices $0
    Farm loans $328
    Commercial and industrial loans $9,722
    To non-U.S. addressees $0
    Loans to individuals $1,917
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $613
    Other loans to individuals $1,304
    All other loans & leases $3,080
    Loans to foreign governments and official institutions $0
    Other loans $2,798
    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 $213
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The Missouri Bank had $131,707,000 of loans outstanding in 2018. $118,354,000 of loans were in real estate loans. $24,814,000 of loans were in development loans. $428,000 of loans were in multifamily mortgage loans. $38,695,000 of loans were in 1-4 family mortgage loans. $328,000 of loans were in farm loans. $0 of loans were in credit card loans. $613,000 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 117 $20,317 $173,650
    Nonfarm, nonresidential loans - <$100k 34 $1,222 $35,941
    Nonfarm, nonresidential loans - $100-250k 43 $5,010 $116,512
    Nonfarm, nonresidential loans - $250k-1MM 40 $14,085 $352,125
    Commercial & Industrial, US addressed loans - <$1MM 116 $4,843 $41,750
    Commercial & Industrial, US addressed loans - <$100k 93 $2,088 $22,452
    Commercial & Industrial, US addressed loans - $100-250k 14 $1,352 $96,571
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $1,403 $155,889
    Farmland loans - <$1MM 44 $5,686 $129,227
    Farmland loans - <$100k 17 $700 $41,176
    Farmland loans - $100-250k 13 $1,690 $130,000
    Farmland loans - $250k-1MM 14 $3,296 $235,429
    Agriculture operations loans - <$1MM 22 $328 $14,909
    Agriculture operations loans - <$100k 22 $328 $14,909