Jefferson Bank Of Missouri Mortgage Rates, Fees & Info

Jefferson City, MO

LEI: 549300IBNNEGK9BO7X08

Tax ID: 43-0822350

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Mortgage Data

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

    Jefferson Bank Of Missouri is a smaller bank specializing in Home Purchase loans. Jefferson Bank Of Missouri has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Jefferson City, Columbia, Kansas City, St. Louis, and Oklahoma City among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Jefferson Bank Of Missouri 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. Jefferson Bank Of Missouri 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 about average 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

    477

    Origination Dollar Volume (All Markets)

    $76,325,000

    Employee count

    98 Show all (5) awards

    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
    JEFFERSON CITY, MO (FHA|USDA|VA) 387 $60,605,000 $156,602 $2,218 4.89%
    Outside of Metro Areas 39 $5,675,000 $145,513 $2,101 4.69%
    COLUMBIA, MO (FHA|USDA|VA) 20 $3,980,000 $199,000 $2,405 5.29%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $1,490,000 $248,333 $1,997 4.71%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 8 $1,430,000 $178,750 $2,498 4.58%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $725,000 $725,000 $0 5.25%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $440,000 $220,000 $2,462 4.56%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $390,000 $195,000 $3,758 4.63%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $370,000 $185,000 $1,877 4.69%
    Lebanon, MO (FHA|USDA|VA) 2 $230,000 $115,000 $1,221 5.00%
    Meridian, MS (FHA|USDA|VA) 1 $165,000 $165,000 $2,939 5.00%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $165,000 $165,000 $2,507 3.88%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $155,000 $155,000 $2,598 5.00%
    Marshall, MO (FHA|USDA|VA) 1 $135,000 $135,000 $1,889 4.75%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,382 4.00%
    Hannibal, MO (FHA|USDA|VA) 1 $105,000 $105,000 $1,758 3.50%
    Rolla, MO (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.38%
    Poplar Bluff, MO (FHA|USDA|VA) 1 $65,000 $65,000 $1,861 4.00%
    Jefferson Bank Of Missouri's top markets include Jefferson City, Columbia, Kansas City, St. Louis, and Oklahoma City among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Jefferson Bank of Missouri based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    American Bank of Missouri
    Similarity Rank: 48
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 68
    KCB Bank
    Similarity Rank: 108
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 146
    Clay County Savings Bank
    Similarity Rank: 148
    ONLINE CENTRAL INC
    Similarity Rank: 216
    Midwest Mortgage Associates Corporation
    Similarity Rank: 279
    MISSOURI Credit Union
    Similarity Rank: 380
    Exchange Bank of Missouri
    Similarity Rank: 400
    Jefferson Bank of Missouri
    Similarity Rank: 414

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 427 $68,965,000 $161,511 $1,908 4.88%
    FHA 29 $3,715,000 $128,103 $4,905 4.98%
    VA 11 $2,405,000 $218,636 $4,145 4.66%
    USDA 10 $1,240,000 $124,000 $3,387 4.60%

    For 2018, Jefferson Bank Of Missouri's most frequently originated type of loan was Conventional, with 427 originations. Their 2nd most popular type was FHA, with 29 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 338 $55,280,000 $163,550 $2,496 4.85%
    Refi 64 $11,470,000 $179,219 $1,562 4.70%
    Cash Out Refi 63 $8,775,000 $139,286 $1,625 5.12%
    Home Improvement 6 $270,000 $45,000 $740 5.56%
    Other 6 $530,000 $88,333 $1,263 4.81%

    For 2018, Jefferson Bank Of Missouri's most frequently cited loan purpose was Home Purchase, with 338 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
    30 Year 289 $48,665,000 $168,391 $2,459 4.78%
    15 Year 59 $10,165,000 $172,288 $1,726 4.31%
    Other 35 $5,645,000 $161,286 $1,441 5.64%
    1 Year 33 $5,335,000 $161,667 $1,928 5.48%
    20 Year 22 $2,600,000 $118,182 $1,709 4.90%
    3 Year 22 $2,480,000 $112,727 $844 5.46%
    10 Year 14 $1,260,000 $90,000 $1,449 4.68%
    5 Year 3 $175,000 $58,333 $620 5.71%

    For 2018, Jefferson Bank Of Missouri's most frequently cited loan duration was 30 Year, with 289 originations. The 2nd most popular length was 15 Year, with 59 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 379 $60,565,000 $159,802
    $1k-2k 15 $2,625,000 $175,000
    $2k-3k 3 $415,000 $138,333

    Jefferson Bank Of Missouri's average total fees were $2,459, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 379 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 303 $52,195,000 $172,261
    5-6% 130 $17,710,000 $136,231
    3-4% 32 $5,770,000 $180,313
    6-7% 10 $600,000 $60,000
    Over 8% 2 $50,000 $25,000

    During 2018, Jefferson Bank Of Missouri's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 303 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 236 $33,310,000 $141,144 $2,356 4.75%
    $100,000 or less 136 $9,000,000 $66,176 $1,801 5.22%
    $200k-400k 88 $23,960,000 $272,273 $2,374 4.69%
    $400k-600k 13 $5,885,000 $452,692 $2,443 4.68%
    $1MM+ 2 $2,740,000 $1,370,000 $0 5.13%
    $600k-1MM 2 $1,430,000 $715,000 $0 5.13%

    2018 saw Jefferson Bank Of Missouri place emphasis on $100k-200k loans with 236 originations, totaling $33,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 112 $12,460,000 $111,250 $2,256 4.89%
    $50k-75k 103 $13,475,000 $130,825 $2,451 4.93%
    $75k-100k 92 $14,080,000 $153,043 $2,074 4.87%
    $100k-150k 87 $17,085,000 $196,379 $2,201 4.67%
    $150k-250k 37 $8,135,000 $219,865 $1,969 4.80%
    $250k+ 10 $2,550,000 $255,000 $1,967 4.49%

    Jefferson Bank Of Missouri lent most frequently to those with incomes in the $50k or less range, with 112 originations. The second most popular income band? $50k-75k, with 103 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 123 $17,725,000 $144,106 $2,241 4.76%
    30-36% 100 $15,930,000 $159,300 $2,292 4.81%
    <20% 53 $6,855,000 $129,340 $1,929 4.61%
    50-60% 25 $4,155,000 $166,200 $2,279 5.42%
    38% 15 $2,335,000 $155,667 $2,799 4.98%
    37% 14 $1,990,000 $142,143 $2,049 4.98%
    42% 13 $2,135,000 $164,231 $1,783 4.95%
    39% 13 $2,475,000 $190,385 $2,242 5.10%
    41% 13 $2,675,000 $205,769 $2,105 4.82%
    36% 11 $1,675,000 $152,273 $2,228 4.92%
    40% 11 $1,855,000 $168,636 $2,948 4.98%
    >60% 10 $2,110,000 $211,000 $2,018 4.50%
    44% 9 $1,575,000 $175,000 $2,245 5.00%
    43% 9 $1,445,000 $160,556 $2,805 4.81%
    46% 6 $740,000 $123,333 $1,883 4.75%
    49% 6 $830,000 $138,333 $1,737 4.92%
    45% 4 $490,000 $122,500 $2,619 4.81%
    48% 3 $525,000 $175,000 $2,823 4.92%
    47% 3 $265,000 $88,333 $1,550 4.79%

    Jefferson Bank Of Missouri lent most frequently to those with DTI ratios of 20-30%, with 123 originations. The next most common DTI ratio? 30-36%, with 100 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 407 $63,285,000 $155,491 $2,231 4.83%
    Not applicable 33 $7,645,000 $231,667 $0 5.40%
    Not provided 17 $2,065,000 $121,471 $2,275 4.84%
    Asian 7 $1,315,000 $187,857 $1,691 4.57%
    Black 8 $820,000 $102,500 $2,904 5.44%
    Asian Indian 1 $705,000 $705,000 $0 5.00%
    Native Hawaiian or Islander 1 $245,000 $245,000 $1,691 4.00%
    Other Asian 1 $105,000 $105,000 $2,178 4.50%
    American Indian 1 $85,000 $85,000 $1,574 4.63%
    Other Pacific Islander 1 $55,000 $55,000 $1,333 6.00%

    Approval Rates

    Total approvals of all applications
    96.71%

    Jefferson Bank Of Missouri 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
    82.81%

    Jefferson Bank Of Missouri has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 477 $76,325,000 $160,010

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $3,335,000 $476,429
    Single Family (1-4 Units):Manufactured 5 $425,000 $85,000
    Single Family (1-4 Units):Site-Built 465 $72,565,000 $156,054

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $4,310,000 $143,667 $1,464 4.88%
    40-60% 47 $6,725,000 $143,085 $1,838 4.71%
    60-80% 120 $18,950,000 $157,917 $2,012 4.84%
    80-100% 256 $44,650,000 $174,414 $2,507 4.84%
    Over 100% 2 $350,000 $175,000 $6,958 4.81%
    Under 20% 22 $1,340,000 $60,909 $823 5.81%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Jefferson Title Corporation Conventional home mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Jefferson Bank of Missouri 1910 Southwest Boulevard Jefferson City, MO 65109 Full Service B&M $55,517
    Jefferson Bank of Missouri 2116 Nelwood Drive Columbia, MO 65202 Full Service Cyber Office $2,336
    Jefferson Bank of Missouri 2815 Truman Boulevard Jefferson City, MO 65109 Full Service B&M $48,907
    Jefferson Bank of Missouri 700 Southwest Boulevard Jefferson City, MO 65109 Full Service B&M $352,088
    Jefferson Bank of Missouri 901 Eastland Drive Jefferson City, MO 65101 Full Service B&M $38,171

    For 2018, Jefferson Bank Of Missouri had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,337
    Net interest income $23,009
    Total noninterest income $6,399
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,696
    Trading account gains and fees $0
    Additional Noninterest Income $4,703
    Pre-tax net operating income $14,365
    Securities gains (or losses, -) $2
    Income before extraordinary items $11,006
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,006
    Minority interest net income $0
    Net income $11,006
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,004

    Jefferson Bank Of Missouri's gross interest income from loans was $25,337,000.
    Jefferson Bank Of Missouri's net interest income from loans was $23,009,000.
    Jefferson Bank Of Missouri's fee based income from loans was $1,696,000.
    Jefferson Bank Of Missouri's net income from loans was $11,006,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,328
    Provision for credit losses $1,201
    Total noninterest expense $13,842
    Salaries and employee benefits $6,299
    Premises and equipment expense $773
    Additional noninterest expense $6,770
    Applicable income taxes $3,361
    Net charge-offs $1,201
    Cash dividends $8,800

    Jefferson Bank Of Missouri's interest expense for loans was $2,328,000.
    Jefferson Bank Of Missouri's payroll and benefits expense were $6,299,000.
    Jefferson Bank Of Missouri's property, plant and equipment expenses $773,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.3%
    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 $488,923
    Deposits held in domestic offices $488,923
    Deposits by Individuals, partnerships, and corporations $485,962
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $2,961
    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 $28,211
    Demand deposits $24,969
    Nontransaction accounts $460,712
    Money market deposit accounts (MMDAs) $287,287
    Other savings deposits (excluding MMDAs) $51,907
    Total time deposits $121,518
    Total time and savings deposits $463,954
    Noninterest-bearing deposits $135,588
    Interest-bearing deposits $353,335
    Retail deposits $471,097
    IRAs and Keogh plan accounts $32,703
    Brokered deposits $6,787
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $588,136
    Cash & Balances due from depository institutions $75,432
    Interest-bearing balances $70,668
    Total securities $66,125
    Federal funds sold & reverse repurchase $406
    Net loans and leases $430,030
    Loan and leases loss allowance $7,264
    Trading account assets $0
    Bank premises and fixed assets $4,246
    Other real estate owned $910
    Goodwill and other intangibles $2,050
    All other assets $8,937

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $588,136
    Total Liabilities $531,013
    Total deposits $488,923
    Interest-bearing deposits $353,335
    Deposits held in domestic offices $488,923
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $22,348
    Trading liabilities $0
    Other borrowed funds $18,000
    Subordinated debt $0
    All other liabilities $1,742

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $430,030
    Loan and leases loss allowance $7,264
    Total loans and leases (domestic) $437,294
    All real estate loans $240,696
    Real estate loans in domestic offices $240,696
    Construction and development loans $26,152
    Residential 1-4 family construction $8,753
    Other construction, all land development and other land $17,399
    Loans secured by nonfarm nonresidential properties $72,883
    Nonfarm nonresidential secured by owner-occupied properties $46,383
    Commercial real estate & other non-farm, non-residential $26,500
    Multifamily residential real estate $16,157
    1-4 family residential loans $114,039
    Farmland loans $11,465
    Loans held in foreign offices $0
    Farm loans $4,317
    Commercial and industrial loans $50,847
    To non-U.S. addressees $0
    Loans to individuals $136,716
    Credit card loans $6,654
    Related Plans $4,056
    Consumer Auto Loans $114,412
    Other loans to individuals $11,594
    All other loans & leases $4,986
    Loans to foreign governments and official institutions $0
    Other loans $2,293
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $2,404
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $776
    Non 1-4 family restructured loans & leases $341
    Total loans and leases (foreign) $0

    Jefferson Bank of Missouri had $430,030,000 of loans outstanding in 2018. $240,696,000 of loans were in real estate loans. $26,152,000 of loans were in development loans. $16,157,000 of loans were in multifamily mortgage loans. $114,039,000 of loans were in 1-4 family mortgage loans. $4,317,000 of loans were in farm loans. $6,654,000 of loans were in credit card loans. $114,412,000 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 225 $41,736 $185,493
    Nonfarm, nonresidential loans - <$100k 40 $1,679 $41,975
    Nonfarm, nonresidential loans - $100-250k 102 $12,711 $124,618
    Nonfarm, nonresidential loans - $250k-1MM 83 $27,346 $329,470
    Commercial & Industrial, US addressed loans - <$1MM 1,306 $36,952 $28,294
    Commercial & Industrial, US addressed loans - <$100k 1,194 $17,192 $14,399
    Commercial & Industrial, US addressed loans - $100-250k 59 $5,829 $98,797
    Commercial & Industrial, US addressed loans - $250k-1MM 53 $13,931 $262,849
    Farmland loans - <$1MM 70 $8,696 $124,229
    Farmland loans - <$100k 28 $1,209 $43,179
    Farmland loans - $100-250k 30 $3,995 $133,167
    Farmland loans - $250k-1MM 12 $3,492 $291,000
    Agriculture operations loans - <$1MM 193 $4,316 $22,363
    Agriculture operations loans - <$100k 187 $3,778 $20,203
    Agriculture operations loans - $100-250k 5 $403 $80,600
    Agriculture operations loans - $250k-1MM 1 $135 $135,000