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 markets by origination volume include: St. Louis, Jefferson City, Columbia, Sedalia, and Chicago among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The 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.

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

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    Originations

    86

    Origination Dollar Volume (All Markets)

    $18,180,000

    Employee count

    73

    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) 39 $7,735,000 $198,333 $0 0.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 6 $4,910,000 $818,333 $0 0.00%
    COLUMBIA, MO (FHA|USDA|VA) 17 $2,695,000 $158,529 $0 0.00%
    Sedalia, MO (FHA|USDA|VA) 13 $1,675,000 $128,846 $0 0.00%
    Outside of Metro Areas 10 $830,000 $83,000 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    The Missouri Bank's top markets include St. Louis, Jefferson City, Columbia, Sedalia, and Chicago among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 86 $18,180,000 $211,395 $0 0.00%

    For 2021, The Missouri Bank's most frequently originated type of loan was Conventional, with 86 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 52 $8,720,000 $167,692 $0 0.00%
    Refi 25 $8,105,000 $324,200 $0 0.00%
    Home Improvement 5 $545,000 $109,000 $0 0.00%
    Cash Out Refi 3 $795,000 $265,000 $0 0.00%
    Other 1 $15,000 $15,000 $0 0.00%

    For 2021, The Missouri Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 86 $18,180,000 $211,395 $0 0.00%

    For 2021, The Missouri Bank's most frequently cited loan duration was Other, with 86 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 32 $1,970,000 $61,563 $0 0.00%
    $100k-200k 32 $4,550,000 $142,188 $0 0.00%
    $200k-400k 16 $4,810,000 $300,625 $0 0.00%
    $400k-600k 3 $1,465,000 $488,333 $0 0.00%
    $1MM+ 2 $4,450,000 $2,225,000 $0 0.00%
    $600k-1MM 1 $935,000 $935,000 $0 0.00%

    2021 saw The Missouri Bank place emphasis on $100,000 or less loans with 32 originations, totaling $1,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 11 $1,415,000 $128,636 $0 0.00%
    $100k-150k 10 $2,240,000 $224,000 $0 0.00%
    $50k or less 9 $585,000 $65,000 $0 0.00%
    $150k-250k 8 $1,510,000 $188,750 $0 0.00%
    $75k-100k 7 $1,065,000 $152,143 $0 0.00%
    $250k+ 4 $1,480,000 $370,000 $0 0.00%

    The Missouri Bank lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 86 $18,180,000 $211,395 $0 0.00%

    The Missouri Bank lent most frequently to those with DTI ratios of Exempt%, with 86 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 34 $9,570,000 $281,471 $0 0.00%
    White 51 $8,245,000 $161,667 $0 0.00%
    Asian 1 $365,000 $365,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.97%

    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
    88.37%

    The Missouri Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 86 $18,180,000 $211,395

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    86 $18,180,000 $211,395

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Town Square Mortgage & Investments, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Missouri Bank 103 W Washington Smithton, MO 65350 Limited, Drive-thru $8,420
    The Missouri Bank 104 North Highway 47 Warrenton, MO 63383 Full Service B&M $136,987
    The Missouri Bank 1145 West Pearce Boulevard Wentzville, MO 63385 Full Service B&M $56,608
    The Missouri Bank 1601 S Limit Ave Sedalia, MO 65301 Full Service B&M $75,781
    The Missouri Bank 2500 Range Line Road Columbia, MO 65202 Full Service B&M $6,100
    The Missouri Bank 3214 South Service Road Foristell, MO 63348 Full Service B&M $19,136
    The Missouri Bank 3320 Bluff Creek Drive, Suite 107 Columbia, MO 65201 Full Service B&M $80
    The Missouri Bank 501 Market Street Hermann, MO 65041 Full Service B&M $36,406

    For 2021, The Missouri Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,495
    Net interest income $11,474
    Total noninterest income $1,180
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $328
    Trading account gains and fees $0
    Additional Noninterest Income $852
    Pre-tax net operating income $5,255
    Securities gains (or losses, -) $99
    Income before extraordinary items $5,354
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,354
    Minority interest net income $0
    Net income $5,354
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,255

    The Missouri Bank's gross interest income from loans was $12,495,000.
    The Missouri Bank's net interest income from loans was $11,474,000.
    The Missouri Bank's fee based income from loans was $328,000.
    The Missouri Bank's net income from loans was $5,354,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,021
    Provision for credit losses $50
    Total noninterest expense $7,349
    Salaries and employee benefits $4,142
    Premises and equipment expense $1,272
    Additional noninterest expense $1,935
    Applicable income taxes $0
    Net charge-offs $26
    Cash dividends $2,180

    The Missouri Bank's interest expense for loans was $1,021,000.
    The Missouri Bank's payroll and benefits expense were $4,142,000.
    The Missouri Bank's property, plant and equipment expenses $1,272,000.

    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 $390,105
    Deposits held in domestic offices $390,105
    Deposits by Individuals, partnerships, and corporations $329,918
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $60,187
    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 $200,694
    Demand deposits $125,731
    Nontransaction accounts $189,411
    Money market deposit accounts (MMDAs) $91,185
    Other savings deposits (excluding MMDAs) $43,928
    Total time deposits $54,297
    Total time and savings deposits $264,374
    Noninterest-bearing deposits $125,731
    Interest-bearing deposits $264,374
    Retail deposits $384,487
    IRAs and Keogh plan accounts $11,687
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $442,464
    Cash & Balances due from depository institutions $94,534
    Interest-bearing balances $84,477
    Total securities $110,127
    Federal funds sold & reverse repurchase $0
    Net loans and leases $217,890
    Loan and leases loss allowance $3,358
    Trading account assets $0
    Bank premises and fixed assets $5,862
    Other real estate owned $54
    Goodwill and other intangibles $0
    All other assets $13,997

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $442,464
    Total Liabilities $396,614
    Total deposits $390,105
    Interest-bearing deposits $264,374
    Deposits held in domestic offices $390,105
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $4,138
    Trading liabilities $0
    Other borrowed funds $2,008
    Subordinated debt $0
    All other liabilities $363

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $217,890
    Loan and leases loss allowance $3,358
    Total loans and leases (domestic) $221,248
    All real estate loans $205,718
    Real estate loans in domestic offices $205,718
    Construction and development loans $34,977
    Residential 1-4 family construction $15,650
    Other construction, all land development and other land $19,327
    Loans secured by nonfarm nonresidential properties $75,578
    Nonfarm nonresidential secured by owner-occupied properties $14,953
    Commercial real estate & other non-farm, non-residential $60,625
    Multifamily residential real estate $385
    1-4 family residential loans $64,331
    Farmland loans $30,447
    Loans held in foreign offices $0
    Farm loans $440
    Commercial and industrial loans $12,245
    To non-U.S. addressees $0
    Loans to individuals $2,742
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $453
    Other loans to individuals $2,289
    All other loans & leases $103
    Loans to foreign governments and official institutions $0
    Other loans $66
    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 $1,498
    Non 1-4 family restructured loans & leases $1,498
    Total loans and leases (foreign) $0

    The Missouri Bank had $217,890,000 of loans outstanding in 2021. $205,718,000 of loans were in real estate loans. $34,977,000 of loans were in development loans. $385,000 of loans were in multifamily mortgage loans. $64,331,000 of loans were in 1-4 family mortgage loans. $440,000 of loans were in farm loans. $0 of loans were in credit card loans. $453,000 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 128 $22,209 $173,508
    Nonfarm, nonresidential loans - <$100k 36 $1,361 $37,806
    Nonfarm, nonresidential loans - $100-250k 43 $4,528 $105,302
    Nonfarm, nonresidential loans - $250k-1MM 49 $16,320 $333,061
    Commercial & Industrial, US addressed loans - <$1MM 149 $6,710 $45,034
    Commercial & Industrial, US addressed loans - <$100k 115 $2,229 $19,383
    Commercial & Industrial, US addressed loans - $100-250k 25 $2,509 $100,360
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $1,972 $219,111
    Farmland loans - <$1MM 55 $7,724 $140,436
    Farmland loans - <$100k 18 $656 $36,444
    Farmland loans - $100-250k 16 $2,318 $144,875
    Farmland loans - $250k-1MM 21 $4,750 $226,190
    Agriculture operations loans - <$1MM 27 $440 $16,296
    Agriculture operations loans - <$100k 27 $440 $16,296