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 and Refi 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, St. Louis, Denver, and Kansas City among others. We have data for 20 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.

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    Originations

    601

    Origination Dollar Volume (All Markets)

    $103,535,000

    Employee count

    99 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) 468 $75,060,000 $160,385 $2,245 4.38%
    Outside of Metro Areas 54 $10,150,000 $187,963 $2,057 4.20%
    COLUMBIA, MO (FHA|USDA|VA) 31 $8,235,000 $265,645 $1,984 4.15%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 18 $2,650,000 $147,222 $2,412 4.63%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,470,000 $367,500 $2,529 3.53%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $1,165,000 $233,000 $2,173 3.68%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $635,000 $635,000 $7,126 4.00%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $605,000 $605,000 $16,895 4.00%
    Branson, MO (FHA|USDA|VA) 1 $455,000 $455,000 $0 5.00%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 3 $425,000 $141,667 $2,302 4.25%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $355,000 $355,000 $4,911 3.38%
    Rolla, MO (FHA|USDA|VA) 2 $330,000 $165,000 $1,306 4.13%
    JACKSON, MS (FHA|USDA|VA) 1 $305,000 $305,000 $3,378 4.75%
    Fort Leonard Wood, MO (FHA|USDA|VA) 3 $295,000 $98,333 $2,160 3.88%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $290,000 $145,000 $3,039 4.13%
    RICHMOND, VA (FHA|USDA|VA) 1 $275,000 $275,000 $1,983 3.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $270,000 $135,000 $6,229 4.81%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,359 3.75%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $155,000 $155,000 $1,620 3.50%
    Jefferson Bank Of Missouri's top markets include Jefferson City, Columbia, St. Louis, Denver, and Kansas City among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Kansas (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.

    WEST COMMUNITY
    Similarity Rank: 45
    American Bank of Missouri
    Similarity Rank: 63
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 141
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 160
    MISSOURI Credit Union
    Similarity Rank: 304
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 416
    The Bank of Missouri
    Similarity Rank: 513
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 651
    First State Community Bank
    Similarity Rank: 672
    Central Bank of Boone County
    Similarity Rank: 810

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 548 $95,280,000 $173,869 $1,910 4.35%
    FHA 29 $3,785,000 $130,517 $4,868 4.49%
    VA 15 $3,395,000 $226,333 $6,871 3.93%
    USDA 9 $1,075,000 $119,444 $3,442 4.04%

    For 2019, Jefferson Bank Of Missouri's most frequently originated type of loan was Conventional, with 548 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 375 $63,695,000 $169,853 $2,766 4.47%
    Refi 122 $25,100,000 $205,738 $1,625 3.84%
    Cash Out Refi 77 $12,715,000 $165,130 $1,650 4.35%
    Home Improvement 14 $440,000 $31,429 $613 5.48%
    Other 13 $1,585,000 $121,923 $1,211 4.29%

    For 2019, Jefferson Bank Of Missouri's most frequently cited loan purpose was Home Purchase, with 375 originations. The 2nd most popular reason was Refi, with 122 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 328 $62,830,000 $191,555 $2,544 4.10%
    15 Year 78 $12,810,000 $164,231 $1,763 3.67%
    Other 43 $7,555,000 $175,698 $1,836 5.22%
    1 Year 43 $6,695,000 $155,698 $1,195 5.57%
    3 Year 37 $3,615,000 $97,703 $0 5.44%
    20 Year 31 $5,065,000 $163,387 $2,016 4.09%
    5 Year 22 $2,300,000 $104,545 $486 5.25%
    10 Year 19 $2,665,000 $140,263 $1,508 3.86%

    For 2019, Jefferson Bank Of Missouri's most frequently cited loan duration was 30 Year, with 328 originations. The 2nd most popular length was 15 Year, with 78 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 452 $83,730,000 $185,243
    $1k-2k 20 $3,020,000 $151,000
    $2k-3k 4 $820,000 $205,000

    Jefferson Bank Of Missouri's average total fees were $2,544, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 452 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 275 $56,405,000 $205,109
    4-5% 195 $30,965,000 $158,795
    5-6% 110 $12,910,000 $117,364
    6-7% 13 $1,435,000 $110,385
    2.5-3% 6 $1,800,000 $300,000
    7-8% 1 $5,000 $5,000
    Over 8% 1 $15,000 $15,000

    During 2019, Jefferson Bank Of Missouri's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 3-4%, with 275 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 265 $38,905,000 $146,811 $2,362 4.18%
    $200k-400k 170 $45,450,000 $267,353 $2,146 4.11%
    $100,000 or less 149 $9,415,000 $63,188 $1,835 4.96%
    $400k-600k 12 $5,450,000 $454,167 $3,711 3.65%
    $600k-1MM 4 $2,710,000 $677,500 $8,534 3.94%
    $1MM+ 1 $1,605,000 $1,605,000 $0 3.88%

    2019 saw Jefferson Bank Of Missouri place emphasis on $100k-200k loans with 265 originations, totaling $38,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 115 $16,925,000 $147,174 $2,407 4.29%
    $100k-150k 114 $23,040,000 $202,105 $1,961 4.16%
    $50k or less 103 $12,035,000 $116,845 $2,445 4.27%
    $75k-100k 102 $17,350,000 $170,098 $2,197 4.24%
    $150k-250k 51 $12,185,000 $238,922 $2,722 4.10%
    $250k+ 21 $6,945,000 $330,714 $2,532 3.86%

    Jefferson Bank Of Missouri lent most frequently to those with incomes in the $50k-75k range, with 115 originations. The second most popular income band? $100k-150k, with 114 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 161 $27,245,000 $169,224 $2,187 4.13%
    30-36% 88 $16,350,000 $185,795 $2,658 4.17%
    <20% 62 $11,880,000 $191,613 $1,973 4.07%
    36% 22 $3,870,000 $175,909 $2,286 4.36%
    37% 18 $2,940,000 $163,333 $2,402 4.02%
    38% 16 $2,590,000 $161,875 $2,086 4.16%
    39% 16 $3,020,000 $188,750 $2,388 4.34%
    44% 16 $2,570,000 $160,625 $2,021 4.15%
    42% 15 $2,655,000 $177,000 $1,830 3.88%
    41% 15 $3,045,000 $203,000 $1,930 4.19%
    40% 14 $1,940,000 $138,571 $2,172 4.21%
    50-60% 14 $1,600,000 $114,286 $3,114 4.84%
    47% 13 $1,935,000 $148,846 $2,197 4.58%
    45% 13 $2,185,000 $168,077 $2,027 4.48%
    >60% 12 $2,240,000 $186,667 $2,128 4.72%
    43% 12 $2,230,000 $185,833 $2,313 4.19%
    49% 8 $1,220,000 $152,500 $2,181 4.19%
    46% 7 $1,995,000 $285,000 $4,674 4.25%
    48% 4 $820,000 $205,000 $2,427 4.13%

    Jefferson Bank Of Missouri lent most frequently to those with DTI ratios of 20-30%, with 161 originations. The next most common DTI ratio? 30-36%, with 88 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 503 $88,155,000 $175,258 $2,244 4.20%
    Not applicable 73 $10,765,000 $147,466 $0 5.39%
    Not provided 11 $2,145,000 $195,000 $3,484 4.08%
    Asian 6 $1,080,000 $180,000 $1,615 3.85%
    Black 5 $885,000 $177,000 $3,074 4.48%
    American Indian 3 $505,000 $168,333 $3,234 4.83%

    Approval Rates

    Total approvals of all applications
    97.02%

    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
    86.52%

    Jefferson Bank Of Missouri has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 601 $103,535,000 $172,271

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $2,980,000 $745,000
    Single Family (1-4 Units):Manufactured 10 $520,000 $52,000
    Single Family (1-4 Units):Site-Built 587 $100,035,000 $170,417

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $3,400,000 $100,000 $1,492 4.41%
    40-60% 52 $8,390,000 $161,346 $1,777 4.13%
    60-80% 182 $35,040,000 $192,527 $2,014 4.21%
    80-100% 309 $54,365,000 $175,939 $2,479 4.40%
    Over 100% 7 $1,935,000 $276,429 $9,199 3.91%
    Under 20% 17 $405,000 $23,824 $519 5.46%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Jefferson Title Corporation Reverse mortgage Trouble during payment process 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 $57,838
    Jefferson Bank of Missouri 2116 Nelwood Drive Columbia, MO 65202 Full Service Cyber Office $3,271
    Jefferson Bank of Missouri 2815 Truman Boulevard Jefferson City, MO 65109 Full Service B&M $47,921
    Jefferson Bank of Missouri 700 Southwest Boulevard Jefferson City, MO 65109 Full Service B&M $365,616
    Jefferson Bank of Missouri 901 Eastland Drive Jefferson City, MO 65101 Full Service B&M $44,547

    For 2019, Jefferson Bank Of Missouri had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $28,777
    Net interest income $24,998
    Total noninterest income $6,038
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,641
    Trading account gains and fees $0
    Additional Noninterest Income $4,397
    Pre-tax net operating income $15,341
    Securities gains (or losses, -) $-1
    Income before extraordinary items $11,453
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,453
    Minority interest net income $0
    Net income $11,453
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,453

    Jefferson Bank Of Missouri's gross interest income from loans was $28,777,000.
    Jefferson Bank Of Missouri's net interest income from loans was $24,998,000.
    Jefferson Bank Of Missouri's fee based income from loans was $1,641,000.
    Jefferson Bank Of Missouri's net income from loans was $11,453,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,779
    Provision for credit losses $721
    Total noninterest expense $14,974
    Salaries and employee benefits $6,816
    Premises and equipment expense $880
    Additional noninterest expense $7,278
    Applicable income taxes $3,887
    Net charge-offs $579
    Cash dividends $8,250

    Jefferson Bank Of Missouri's interest expense for loans was $3,779,000.
    Jefferson Bank Of Missouri's payroll and benefits expense were $6,816,000.
    Jefferson Bank Of Missouri's property, plant and equipment expenses $880,000.

    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 1.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.6%
    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 $540,897
    Deposits held in domestic offices $540,897
    Deposits by Individuals, partnerships, and corporations $537,867
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $3,028
    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 $34,485
    Demand deposits $28,978
    Nontransaction accounts $506,412
    Money market deposit accounts (MMDAs) $319,408
    Other savings deposits (excluding MMDAs) $59,377
    Total time deposits $127,627
    Total time and savings deposits $511,919
    Noninterest-bearing deposits $144,750
    Interest-bearing deposits $396,147
    Retail deposits $520,087
    IRAs and Keogh plan accounts $32,105
    Brokered deposits $6,367
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $644,699
    Cash & Balances due from depository institutions $19,132
    Interest-bearing balances $14,942
    Total securities $136,563
    Federal funds sold & reverse repurchase $2,497
    Net loans and leases $472,025
    Loan and leases loss allowance $7,406
    Trading account assets $0
    Bank premises and fixed assets $4,924
    Other real estate owned $55
    Goodwill and other intangibles $1,740
    All other assets $7,763

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $644,699
    Total Liabilities $584,198
    Total deposits $540,897
    Interest-bearing deposits $396,147
    Deposits held in domestic offices $540,897
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $22,044
    Trading liabilities $0
    Other borrowed funds $19,023
    Subordinated debt $0
    All other liabilities $2,234

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $472,025
    Loan and leases loss allowance $7,406
    Total loans and leases (domestic) $479,431
    All real estate loans $278,952
    Real estate loans in domestic offices $278,952
    Construction and development loans $31,808
    Residential 1-4 family construction $11,775
    Other construction, all land development and other land $20,033
    Loans secured by nonfarm nonresidential properties $79,225
    Nonfarm nonresidential secured by owner-occupied properties $45,433
    Commercial real estate & other non-farm, non-residential $33,792
    Multifamily residential real estate $15,297
    1-4 family residential loans $142,043
    Farmland loans $10,579
    Loans held in foreign offices $0
    Farm loans $3,672
    Commercial and industrial loans $49,747
    To non-U.S. addressees $0
    Loans to individuals $144,991
    Credit card loans $6,671
    Related Plans $1,528
    Consumer Auto Loans $122,558
    Other loans to individuals $14,234
    All other loans & leases $2,315
    Loans to foreign governments and official institutions $0
    Other loans $29
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $2,680
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $392
    Non 1-4 family restructured loans & leases $384
    Total loans and leases (foreign) $0

    Jefferson Bank of Missouri had $472,025,000 of loans outstanding in 2019. $278,952,000 of loans were in real estate loans. $31,808,000 of loans were in development loans. $15,297,000 of loans were in multifamily mortgage loans. $142,043,000 of loans were in 1-4 family mortgage loans. $3,672,000 of loans were in farm loans. $6,671,000 of loans were in credit card loans. $122,558,000 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 200 $40,347 $201,735
    Nonfarm, nonresidential loans - <$100k 40 $1,800 $45,000
    Nonfarm, nonresidential loans - $100-250k 87 $11,790 $135,517
    Nonfarm, nonresidential loans - $250k-1MM 73 $26,757 $366,534
    Commercial & Industrial, US addressed loans - <$1MM 1,256 $37,574 $29,916
    Commercial & Industrial, US addressed loans - <$100k 1,148 $17,430 $15,183
    Commercial & Industrial, US addressed loans - $100-250k 59 $6,236 $105,695
    Commercial & Industrial, US addressed loans - $250k-1MM 49 $13,908 $283,837
    Farmland loans - <$1MM 81 $8,967 $110,704
    Farmland loans - <$100k 33 $1,357 $41,121
    Farmland loans - $100-250k 36 $4,391 $121,972
    Farmland loans - $250k-1MM 12 $3,219 $268,250
    Agriculture operations loans - <$1MM 185 $3,671 $19,843
    Agriculture operations loans - <$100k 182 $3,373 $18,533
    Agriculture operations loans - $100-250k 3 $298 $99,333