The Missouri Bank Mortgage Rates, Fees & Info

Warrenton, MO

LEI: 549300FS4TWJ50ESLB05

Tax ID: 43-0573160

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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

    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

    37

    Origination Dollar Volume (All Markets)

    $5,935,000

    Employee count

    53

    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) 32 $5,040,000 $157,500 $1,382 5.67%
    Outside of Metro Areas 5 $895,000 $179,000 $2,147 5.64%
    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 36 $5,830,000 $161,944 $1,573 5.67%
    HELOC 1 $105,000 $105,000 n/a 5.50%

    For 2019, The Missouri Bank's most frequently originated type of loan was Conventional, with 36 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $3,835,000 $201,842 $2,707 5.49%
    Refi 15 $2,025,000 $135,000 $1,195 5.79%
    Home Improvement 3 $75,000 $25,000 $0 6.08%

    For 2019, The Missouri Bank's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    3 Year 16 $4,010,000 $250,625 $0 5.44%
    Other 8 $570,000 $71,250 $686 5.78%
    1 Year 6 $820,000 $136,667 $0 5.63%
    5 Year 4 $300,000 $75,000 $0 5.75%
    30 Year 2 $190,000 $95,000 $2,427 6.35%
    15 Year 1 $45,000 $45,000 $753 6.75%

    For 2019, The Missouri Bank's most frequently cited loan duration was 3 Year, with 16 originations. The 2nd most popular length was Other, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2 $80,000 $40,000
    $1k-2k 2 $190,000 $95,000

    The Missouri Bank's average total fees were $2,427, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 29 $4,785,000 $165,000
    6-7% 4 $200,000 $50,000
    4-5% 3 $885,000 $295,000
    3-4% 1 $65,000 $65,000

    During 2019, The Missouri Bank's average interest rate for loans was 6.35%, while their most frequently originated rate bucket for loans was 5-6%, with 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $1,380,000 $62,727 $1,382 5.76%
    $200k-400k 7 $2,195,000 $313,571 $0 5.54%
    $100k-200k 5 $545,000 $109,000 $2,147 5.59%
    $400k-600k 2 $1,010,000 $505,000 $0 5.25%
    $600k-1MM 1 $805,000 $805,000 $0 5.50%

    2019 saw The Missouri Bank place emphasis on $100,000 or less loans with 22 originations, totaling $1,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 7 $2,385,000 $340,714 $0 5.54%
    $50k or less 7 $375,000 $53,571 $1,382 6.17%
    $100k-150k 5 $525,000 $105,000 $0 5.30%
    $150k-250k 5 $905,000 $181,000 $0 5.50%
    $50k-75k 5 $645,000 $129,000 $0 5.75%
    $75k-100k 1 $105,000 $105,000 $2,147 5.95%

    The Missouri Bank lent most frequently to those with incomes in the $250k+ range, with 7 originations. The second most popular income band? $50k or less, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 8 $1,070,000 $133,750 $753 5.66%
    <20% 6 $740,000 $123,333 $2,147 5.66%
    30-36% 6 $640,000 $106,667 $2,707 5.79%
    >60% 2 $520,000 $260,000 $0 5.35%
    37% 2 $840,000 $420,000 $686 6.13%
    38% 2 $170,000 $85,000 $0 5.75%
    50-60% 2 $590,000 $295,000 $0 5.50%
    36% 1 $285,000 $285,000 $0 5.75%
    49% 1 $85,000 $85,000 $0 5.50%

    The Missouri Bank lent most frequently to those with DTI ratios of 20-30%, with 8 originations. The next most common DTI ratio? <20%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 28 $5,200,000 $185,714 $1,573 5.68%
    Not applicable 5 $435,000 $87,000 $0 5.48%
    Black 4 $300,000 $75,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    97.56%

    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
    91.89%

    The Missouri Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 37 $5,935,000 $160,405

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $340,000 $56,667
    Single Family (1-4 Units):Site-Built 31 $5,595,000 $180,484

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $395,000 $131,667 $0 5.58%
    40-60% 9 $985,000 $109,444 $753 5.83%
    60-80% 19 $3,075,000 $161,842 $1,416 5.54%
    80-100% 5 $1,465,000 $293,000 $2,707 5.85%
    Under 20% 1 $15,000 $15,000 $0 5.75%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Missouri Bank 104 North Highway 47 Warrenton, MO 63383 Full Service B&M $103,189
    The Missouri Bank 1145 West Pearce Boulevard Wentzville, MO 63385 Full Service B&M $36,573
    The Missouri Bank 3214 South Service Road Foristell, MO 63348 Full Service B&M $13,301
    The Missouri Bank 501 Market Street Hermann, MO 65041 Full Service B&M $30,967

    For 2019, The Missouri Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,167
    Net interest income $7,801
    Total noninterest income $798
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $295
    Trading account gains and fees $0
    Additional Noninterest Income $503
    Pre-tax net operating income $3,371
    Securities gains (or losses, -) $15
    Income before extraordinary items $3,352
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,352
    Minority interest net income $0
    Net income $3,352
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,337

    The Missouri Bank's gross interest income from loans was $9,167,000.
    The Missouri Bank's net interest income from loans was $7,801,000.
    The Missouri Bank's fee based income from loans was $295,000.
    The Missouri Bank's net income from loans was $3,352,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,366
    Provision for credit losses $110
    Total noninterest expense $5,118
    Salaries and employee benefits $2,944
    Premises and equipment expense $794
    Additional noninterest expense $1,380
    Applicable income taxes $34
    Net charge-offs $70
    Cash dividends $956

    The Missouri Bank's interest expense for loans was $1,366,000.
    The Missouri Bank's payroll and benefits expense were $2,944,000.
    The Missouri Bank's property, plant and equipment expenses $794,000.

    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 $213,881
    Deposits held in domestic offices $213,881
    Deposits by Individuals, partnerships, and corporations $168,965
    Deposits by U.S. Government $107
    Deposits by States and political subdivisions in the U.S. $44,809
    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 $103,785
    Demand deposits $56,384
    Nontransaction accounts $110,096
    Money market deposit accounts (MMDAs) $42,597
    Other savings deposits (excluding MMDAs) $22,482
    Total time deposits $45,016
    Total time and savings deposits $157,497
    Noninterest-bearing deposits $56,384
    Interest-bearing deposits $157,497
    Retail deposits $206,623
    IRAs and Keogh plan accounts $7,986
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $246,711
    Cash & Balances due from depository institutions $12,236
    Interest-bearing balances $250
    Total securities $51,794
    Federal funds sold & reverse repurchase $24,869
    Net loans and leases $143,786
    Loan and leases loss allowance $1,734
    Trading account assets $0
    Bank premises and fixed assets $3,962
    Other real estate owned $877
    Goodwill and other intangibles $0
    All other assets $9,187

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $246,711
    Total Liabilities $217,804
    Total deposits $213,881
    Interest-bearing deposits $157,497
    Deposits held in domestic offices $213,881
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $3,528
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $395

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $143,786
    Loan and leases loss allowance $1,734
    Total loans and leases (domestic) $145,520
    All real estate loans $126,610
    Real estate loans in domestic offices $126,610
    Construction and development loans $28,109
    Residential 1-4 family construction $12,349
    Other construction, all land development and other land $15,760
    Loans secured by nonfarm nonresidential properties $38,640
    Nonfarm nonresidential secured by owner-occupied properties $12,726
    Commercial real estate & other non-farm, non-residential $25,914
    Multifamily residential real estate $73
    1-4 family residential loans $41,689
    Farmland loans $18,099
    Loans held in foreign offices $0
    Farm loans $274
    Commercial and industrial loans $11,067
    To non-U.S. addressees $0
    Loans to individuals $1,803
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $549
    Other loans to individuals $1,254
    All other loans & leases $5,766
    Loans to foreign governments and official institutions $0
    Other loans $5,548
    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

    The Missouri Bank had $143,786,000 of loans outstanding in 2019. $126,610,000 of loans were in real estate loans. $28,109,000 of loans were in development loans. $73,000 of loans were in multifamily mortgage loans. $41,689,000 of loans were in 1-4 family mortgage loans. $274,000 of loans were in farm loans. $0 of loans were in credit card loans. $549,000 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 106 $16,432 $155,019
    Nonfarm, nonresidential loans - <$100k 30 $1,165 $38,833
    Nonfarm, nonresidential loans - $100-250k 40 $4,367 $109,175
    Nonfarm, nonresidential loans - $250k-1MM 36 $10,900 $302,778
    Commercial & Industrial, US addressed loans - <$1MM 116 $4,563 $39,336
    Commercial & Industrial, US addressed loans - <$100k 92 $2,051 $22,293
    Commercial & Industrial, US addressed loans - $100-250k 17 $1,385 $81,471
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $1,127 $161,000
    Farmland loans - <$1MM 50 $7,133 $142,660
    Farmland loans - <$100k 17 $811 $47,706
    Farmland loans - $100-250k 16 $2,074 $129,625
    Farmland loans - $250k-1MM 17 $4,248 $249,882
    Agriculture operations loans - <$1MM 20 $274 $13,700
    Agriculture operations loans - <$100k 20 $274 $13,700