Wood & Huston Bank Mortgage Rates, Fees & Info

Marshall, MO

LEI: 549300MU6FQRPD7FPQ11

Tax ID: 44-0495280

5 stars - out of 5 stars, based on 22 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Wood & Huston Bank is a smaller bank specializing in Home Purchase and Refi loans. Wood & Huston Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cape Girardeau, Kansas City, Marshall, Sedalia, and Jefferson City among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Wood & Huston 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. Wood & Huston 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.03% 3/19/23
    30 Year Conventional Refi 6.58% 3/19/23
    30 Year Cash-out Refi 6.80% 3/19/23
    30 Year FHA Purchase 6.27% 3/19/23
    15 Year Conventional Purchase 6.93% 3/19/23
    15 Year Conventional Refi 6.01% 3/19/23
    15 Year Cash-out Refi 6.01% 3/19/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    476

    Origination Dollar Volume (All Markets)

    $85,250,000

    Employee count

    177 Show all (6) awards

    Relative Rate

    Wood & Huston Bank's average 30 year fixed mortgage rate was 3.55%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.4%.

    Relative Fees (Closing Costs)

    Wood & Huston Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $1,929.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 90 $21,930,000 $243,667 $1,967 3.63%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 97 $16,805,000 $173,247 $1,723 4.00%
    Marshall, MO (FHA|USDA|VA) 115 $11,915,000 $103,609 $1,519 4.19%
    Sedalia, MO (FHA|USDA|VA) 46 $7,460,000 $162,174 $1,888 3.46%
    Outside of Metro Areas 35 $6,025,000 $172,143 $2,015 3.71%
    JEFFERSON CITY, MO (FHA|USDA|VA) 8 $5,610,000 $701,250 $2,003 3.30%
    SPRINGFIELD, MO (FHA|USDA|VA) 14 $4,270,000 $305,000 $2,247 3.74%
    West Plains, MO (FHA|USDA|VA) 22 $2,110,000 $95,909 $1,796 4.01%
    COLUMBIA, MO (FHA|USDA|VA) 10 $1,900,000 $190,000 $1,605 4.27%
    Sikeston, MO (FHA|USDA|VA) 14 $1,720,000 $122,857 $1,614 4.26%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $1,110,000 $277,500 $2,614 3.19%
    Branson, MO (FHA|USDA|VA) 3 $855,000 $285,000 $2,813 3.38%
    Warrensburg, MO (FHA|USDA|VA) 2 $510,000 $255,000 $1,669 3.81%
    Oxford, MS (FHA|USDA|VA) 2 $480,000 $240,000 $3,006 4.25%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $455,000 $455,000 $3,390 2.63%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $445,000 $148,333 $0 4.17%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $400,000 $200,000 $0 3.95%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $355,000 $355,000 $3,969 3.75%
    ALBANY, GA (FHA|USDA|VA) 1 $265,000 $265,000 $2,166 3.50%
    Mountain Home, AR (FHA|USDA|VA) 2 $210,000 $105,000 $1,262 4.87%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $185,000 $185,000 $2,782 3.00%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $105,000 $105,000 $2,741 3.38%
    WICHITA, KS (FHA|USDA|VA) 1 $75,000 $75,000 $2,433 2.63%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.50%
    Wood & Huston Bank's top markets include Cape Girardeau, Kansas City, Marshall, Sedalia, and Jefferson City among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)

    • Similar Lenders

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

    The Bank of Missouri
    Similarity Rank: 414
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 426
    First State Community Bank
    Similarity Rank: 476
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 693
    CoreFirst Bank & Trust
    Similarity Rank: 759
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 1062
    Truity Federal Credit Union
    Similarity Rank: 1274
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1428
    Central National Bank
    Similarity Rank: 1782
    Union Bank and Trust Company
    Similarity Rank: 1862

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 476 $85,250,000 $179,097 $1,810 3.88%

    For 2021, Wood & Huston Bank's most frequently originated type of loan was Conventional, with 476 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 241 $37,395,000 $155,166 $1,658 4.34%
    Refi 131 $33,295,000 $254,160 $1,961 3.32%
    Cash Out Refi 90 $13,040,000 $144,889 $1,917 3.44%
    Other 10 $1,380,000 $138,000 $1,682 4.00%
    Home Improvement 4 $140,000 $35,000 $0 4.75%

    For 2021, Wood & Huston Bank's most frequently cited loan purpose was Home Purchase, with 241 originations. The 2nd most popular reason was Refi, with 131 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 157 $30,555,000 $194,618 $1,929 3.55%
    15 Year 99 $11,625,000 $117,424 $1,970 3.06%
    20 Year 73 $11,135,000 $152,534 $1,724 4.20%
    Other 67 $12,935,000 $193,060 $1,260 4.72%
    3 Year 31 $6,995,000 $225,645 $0 4.64%
    5 Year 20 $9,310,000 $465,500 $0 4.12%
    1 Year 15 $1,865,000 $124,333 $1,341 4.75%
    10 Year 14 $830,000 $59,286 $1,023 4.86%

    For 2021, Wood & Huston Bank's most frequently cited loan duration was 30 Year, with 157 originations. The 2nd most popular length was 15 Year, with 99 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 319 $50,415,000 $158,041
    $2k-3k 1 $195,000 $195,000

    Wood & Huston Bank's average total fees were $1,929, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 319 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 144 $19,630,000 $136,319
    3-4% 127 $37,785,000 $297,520
    2.5-3% 91 $14,915,000 $163,901
    <2.5% 53 $7,445,000 $140,472
    5-6% 52 $4,950,000 $95,192
    6-7% 9 $525,000 $58,333

    During 2021, Wood & Huston Bank's average interest rate for loans was 3.55%, while their most frequently originated rate bucket for loans was 4-5%, with 144 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 198 $12,210,000 $61,667 $1,473 4.36%
    $100k-200k 165 $23,145,000 $140,273 $1,908 3.49%
    $200k-400k 88 $23,720,000 $269,545 $2,014 3.56%
    $400k-600k 16 $7,630,000 $476,875 $2,500 3.81%
    $1MM+ 7 $16,995,000 $2,427,857 $3,861 3.84%
    $600k-1MM 2 $1,550,000 $775,000 $0 3.75%

    2021 saw Wood & Huston Bank place emphasis on $100,000 or less loans with 198 originations, totaling $12,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 120 $10,880,000 $90,667 $1,584 4.11%
    $100k-150k 90 $14,750,000 $163,889 $1,902 3.65%
    $50k-75k 80 $9,000,000 $112,500 $1,683 3.96%
    $75k-100k 67 $9,755,000 $145,597 $1,914 3.63%
    $150k-250k 35 $7,365,000 $210,429 $2,056 3.61%
    $250k+ 26 $9,430,000 $362,692 $2,416 3.55%

    Wood & Huston Bank lent most frequently to those with incomes in the $50k or less range, with 120 originations. The second most popular income band? $100k-150k, with 90 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 104 $16,230,000 $156,058 $1,855 3.56%
    <20% 74 $9,430,000 $127,432 $1,722 3.66%
    30-36% 70 $9,920,000 $141,714 $1,827 3.75%
    36% 14 $2,400,000 $171,429 $1,889 3.86%
    40% 10 $1,430,000 $143,000 $2,033 3.94%
    39% 9 $1,235,000 $137,222 $1,814 3.65%
    37% 9 $1,445,000 $160,556 $2,129 3.46%
    43% 8 $1,340,000 $167,500 $1,680 4.11%
    42% 7 $965,000 $137,857 $2,312 3.30%
    45% 6 $990,000 $165,000 $1,946 3.08%
    50-60% 6 $1,050,000 $175,000 $1,267 4.75%
    41% 5 $1,075,000 $215,000 $1,752 4.30%
    >60% 5 $945,000 $189,000 $1,187 4.34%
    38% 4 $620,000 $155,000 $2,011 3.13%
    48% 2 $140,000 $70,000 $1,065 5.13%
    44% 2 $590,000 $295,000 $2,139 2.63%
    46% 1 $145,000 $145,000 $2,166 3.13%
    47% 1 $165,000 $165,000 $1,742 3.25%
    49% 1 $175,000 $175,000 $2,389 2.88%

    Wood & Huston Bank lent most frequently to those with DTI ratios of 20-30%, with 104 originations. The next most common DTI ratio? <20%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 407 $60,125,000 $147,727 $1,812 3.83%
    Not applicable 54 $23,810,000 $440,926 $0 4.23%
    Asian 5 $505,000 $101,000 $1,535 4.10%
    Not provided 5 $335,000 $67,000 $1,755 4.80%
    Black 4 $330,000 $82,500 $1,820 4.06%
    Native Hawaiian or Islander 1 $145,000 $145,000 $2,217 2.75%

    Approval Rates

    Total approvals of all applications
    97.89%

    Wood & Huston 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
    93.07%

    Wood & Huston Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 476 $85,250,000 $179,097

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    476 $85,250,000 $179,097

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $3,265,000 $93,286 $1,638 3.80%
    40-60% 89 $13,285,000 $149,270 $1,991 3.34%
    60-80% 192 $34,650,000 $180,469 $1,956 3.63%
    80-100% 140 $32,120,000 $229,429 $1,527 4.44%
    Over 100% 14 $1,680,000 $120,000 $1,209 5.15%
    Under 20% 6 $250,000 $41,667 $850 4.42%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Wedgewood, LLC Conventional home mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Wood & Huston Bank 1610 N. Kingshighway, Suite 301 Cape Girardeau, MO 63701 Full Service B&M $2,079
    Wood & Huston Bank 1001 Winchester Drive Sedalia, MO 65301 Full Service B&M $55,038
    Wood & Huston Bank 111 South Broadview Street Cape Girardeau, MO 63703 Full Service B&M $203,305
    Wood & Huston Bank 1310 Preacher Roe West Plains, MO 65775 Full Service Retail $11,399
    Wood & Huston Bank 1319 North Porter Wagoner Boulevard West Plains, MO 65775 Full Service B&M $68,112
    Wood & Huston Bank 150 South Miami Avenue Marshall, MO 65340 Full Service B&M $4,885
    Wood & Huston Bank 204 West Primrose Springfield, MO 65807 Full Service B&M $67,124
    Wood & Huston Bank 208 East Morrow Marshall, MO 65340 Full Service B&M $9,117
    Wood & Huston Bank 27 East North Street Marshall, MO 65340 Limited, Drive-thru $0
    Wood & Huston Bank 27 East North Street Marshall, MO 65340 Full Service B&M $288,257
    Wood & Huston Bank 2999 E. Jackson Blvd Jackson, MO 63755 Full Service B&M $86,579
    Wood & Huston Bank 3500 Hwy 13 Blvd Higginsville, MO 64037 Full Service B&M $53,378
    Wood & Huston Bank 855 South Cherokee Marshall, MO 65340 Full Service Retail $10,982

    For 2021, Wood & Huston Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $39,675
    Net interest income $34,518
    Total noninterest income $8,504
    Gross Fiduciary activities income $276
    Service charges on deposit accounts $3,086
    Trading account gains and fees $0
    Additional Noninterest Income $5,142
    Pre-tax net operating income $18,033
    Securities gains (or losses, -) $1,000
    Income before extraordinary items $19,033
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $19,033
    Minority interest net income $0
    Net income $19,033
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,033

    Wood & Huston Bank's gross interest income from loans was $39,675,000.
    Wood & Huston Bank's net interest income from loans was $34,518,000.
    Wood & Huston Bank's fee based income from loans was $3,086,000.
    Wood & Huston Bank's net income from loans was $19,033,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,157
    Provision for credit losses $1,175
    Total noninterest expense $23,814
    Salaries and employee benefits $13,332
    Premises and equipment expense $2,166
    Additional noninterest expense $8,316
    Applicable income taxes $0
    Net charge-offs $176
    Cash dividends $10,048

    Wood & Huston Bank's interest expense for loans was $5,157,000.
    Wood & Huston Bank's payroll and benefits expense were $13,332,000.
    Wood & Huston Bank's property, plant and equipment expenses $2,166,000.

    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 $966,554
    Deposits held in domestic offices $966,554
    Deposits by Individuals, partnerships, and corporations $729,894
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $236,660
    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 $95,337
    Demand deposits $95,337
    Nontransaction accounts $871,217
    Money market deposit accounts (MMDAs) $598,546
    Other savings deposits (excluding MMDAs) $64,968
    Total time deposits $207,704
    Total time and savings deposits $871,217
    Noninterest-bearing deposits $231,579
    Interest-bearing deposits $734,975
    Retail deposits $919,220
    IRAs and Keogh plan accounts $23,782
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,087,253
    Cash & Balances due from depository institutions $63,921
    Interest-bearing balances $45,521
    Total securities $212,951
    Federal funds sold & reverse repurchase $757
    Net loans and leases $766,366
    Loan and leases loss allowance $10,219
    Trading account assets $0
    Bank premises and fixed assets $12,793
    Other real estate owned $253
    Goodwill and other intangibles $0
    All other assets $30,212

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,087,253
    Total Liabilities $989,799
    Total deposits $966,554
    Interest-bearing deposits $734,975
    Deposits held in domestic offices $966,554
    % insured (estimated) $63
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $19,705
    Subordinated debt $0
    All other liabilities $3,540

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $766,366
    Loan and leases loss allowance $10,219
    Total loans and leases (domestic) $776,585
    All real estate loans $554,240
    Real estate loans in domestic offices $554,240
    Construction and development loans $35,350
    Residential 1-4 family construction $16,462
    Other construction, all land development and other land $18,888
    Loans secured by nonfarm nonresidential properties $220,109
    Nonfarm nonresidential secured by owner-occupied properties $153,566
    Commercial real estate & other non-farm, non-residential $66,543
    Multifamily residential real estate $33,626
    1-4 family residential loans $141,279
    Farmland loans $123,876
    Loans held in foreign offices $0
    Farm loans $61,414
    Commercial and industrial loans $134,164
    To non-U.S. addressees $0
    Loans to individuals $26,261
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $14,683
    Other loans to individuals $11,578
    All other loans & leases $507
    Loans to foreign governments and official institutions $0
    Other loans $507
    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 $923
    Non 1-4 family restructured loans & leases $647
    Total loans and leases (foreign) $0

    Wood & Huston Bank had $766,366,000 of loans outstanding in 2021. $554,240,000 of loans were in real estate loans. $35,350,000 of loans were in development loans. $33,626,000 of loans were in multifamily mortgage loans. $141,279,000 of loans were in 1-4 family mortgage loans. $61,414,000 of loans were in farm loans. $0 of loans were in credit card loans. $14,683,000 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 350 $66,119 $188,911
    Nonfarm, nonresidential loans - <$100k 142 $6,686 $47,085
    Nonfarm, nonresidential loans - $100-250k 112 $15,672 $139,929
    Nonfarm, nonresidential loans - $250k-1MM 96 $43,761 $455,844
    Commercial & Industrial, US addressed loans - <$1MM 1,362 $74,198 $54,477
    Commercial & Industrial, US addressed loans - <$100k 1,138 $24,765 $21,762
    Commercial & Industrial, US addressed loans - $100-250k 147 $16,619 $113,054
    Commercial & Industrial, US addressed loans - $250k-1MM 77 $32,814 $426,156
    Farmland loans - <$1MM 197 $25,447 $129,173
    Farmland loans - <$100k 81 $3,557 $43,914
    Farmland loans - $100-250k 73 $9,543 $130,726
    Farmland loans - $250k-1MM 43 $12,347 $287,140
    Agriculture operations loans - <$1MM 1,333 $45,819 $34,373
    Agriculture operations loans - <$100k 1,206 $27,105 $22,475
    Agriculture operations loans - $100-250k 101 $12,359 $122,366
    Agriculture operations loans - $250k-1MM 26 $6,355 $244,423