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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Cape Girardeau, Kansas City, Marshall, Sedalia, and Jefferson City among others. Wood & Huston Bank has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Wood & Huston Bank is typically a low fee lendor.


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 rate mortgage of loans were 3.55%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.4%.

Relative Fees

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

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

Top Markets

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.

Product Mix

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

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

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Wood & Huston Bank's most frequently cited loan purpose of loans were Home Purchase, with 241 originations. The 2nd most popular reason of loans were 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 the 2021, Wood & Huston Bank's most frequently cited loan length of loans were 30 Year, with 157 originations. The 2nd most popular length of loans were 15 Year, with 99 originations.

Origination Fees

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

$1,929 of loans were Wood & Huston Bank's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.55%, while their most frequently originated rate bucket of loans were 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 1 $145,000 $145,000 $2,217 2.75%

Approval Rates

Total approvals of all applications
95.88%

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
92.05%

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