Central Bank Of Boone County Mortgage Rates, Fees & Info

Columbia, MO

LEI: 549300OUV501REVTQ527

Tax ID: 43-0189015

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
  • 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

    Central Bank Of Boone County is a smaller bank specializing in Home Purchase loans. Central Bank Of Boone County has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Columbia, Jefferson City, Mexico, Kansas City, and St. Louis among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Central Bank Of Boone County 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. Central Bank Of Boone County 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

    706

    Origination Dollar Volume (All Markets)

    $136,760,000

    Employee count

    312 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
    COLUMBIA, MO (FHA|USDA|VA) 643 $124,075,000 $192,963 $2,330 4.68%
    JEFFERSON CITY, MO (FHA|USDA|VA) 29 $4,825,000 $166,379 $2,836 4.70%
    Outside of Metro Areas 12 $3,510,000 $292,500 $2,884 4.45%
    Mexico, MO (FHA|USDA|VA) 5 $1,015,000 $203,000 $1,984 4.58%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $875,000 $291,667 $1,667 4.21%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $855,000 $285,000 $2,785 4.33%
    Moberly, MO (FHA|USDA|VA) 6 $650,000 $108,333 $3,052 4.74%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $455,000 $455,000 $3,478 4.00%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $195,000 $195,000 $2,060 4.25%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,099 4.88%
    Marshall, MO (FHA|USDA|VA) 1 $105,000 $105,000 $3,351 4.50%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $65,000 $65,000 $1,641 4.63%
    Central Bank Of Boone County's top markets include Columbia, Jefferson City, Mexico, Kansas City, and St. Louis among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Central Bank of Boone County 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
    Capitol Federal Savings Bank
    Similarity Rank: 213
    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
    Hawthorn Bank
    Similarity Rank: 450
    First State Community Bank
    Similarity Rank: 462
    Central Bank of Boone County
    Similarity Rank: 492

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 662 $129,230,000 $195,211 $2,154 4.69%
    USDA 18 $2,540,000 $141,111 $3,629 4.38%
    VA 16 $3,650,000 $228,125 $5,650 4.28%
    FHA 10 $1,340,000 $134,000 $4,837 4.71%

    For 2018, Central Bank Of Boone County's most frequently originated type of loan was Conventional, with 662 originations. Their 2nd most popular type was USDA, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 534 $101,830,000 $190,693 $2,549 4.64%
    Refi 79 $21,745,000 $275,253 $1,752 4.68%
    Cash Out Refi 64 $10,790,000 $168,594 $2,041 4.74%
    Other 15 $1,485,000 $99,000 $1,266 4.94%
    Home Improvement 14 $910,000 $65,000 $956 5.21%

    For 2018, Central Bank Of Boone County's most frequently cited loan purpose was Home Purchase, with 534 originations. The 2nd most popular reason was Refi, with 79 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 404 $81,080,000 $200,693 $2,528 4.59%
    15 Year 66 $11,660,000 $176,667 $2,062 4.20%
    Other 59 $14,715,000 $249,407 $1,997 5.06%
    5 Year 41 $10,785,000 $263,049 $1,013 5.01%
    3 Year 40 $3,860,000 $96,500 $922 4.93%
    20 Year 39 $5,485,000 $140,641 $1,804 4.61%
    1 Year 36 $6,660,000 $185,000 $0 5.30%
    10 Year 21 $2,515,000 $119,762 $1,518 4.63%

    For 2018, Central Bank Of Boone County's most frequently cited loan duration was 30 Year, with 404 originations. The 2nd most popular length was 15 Year, with 66 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 537 $104,755,000 $195,074
    $1k-2k 12 $2,000,000 $166,667
    $2k-3k 1 $135,000 $135,000

    Central Bank Of Boone County's average total fees were $2,528, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 537 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 467 $89,055,000 $190,696
    5-6% 151 $20,195,000 $133,742
    3-4% 87 $27,455,000 $315,575
    6-7% 1 $55,000 $55,000

    During 2018, Central Bank Of Boone County's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 4-5%, with 467 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 304 $44,000,000 $144,737 $2,415 4.69%
    $200k-400k 184 $50,760,000 $275,870 $2,570 4.52%
    $100,000 or less 176 $11,760,000 $66,818 $1,736 4.89%
    $400k-600k 33 $14,785,000 $448,030 $3,016 4.45%
    $600k-1MM 7 $5,325,000 $760,714 $3,108 4.13%
    $1MM+ 2 $10,130,000 $5,065,000 $0 4.06%

    2018 saw Central Bank Of Boone County place emphasis on $100k-200k loans with 304 originations, totaling $44,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 136 $14,580,000 $107,206 $2,166 4.75%
    $50k-75k 131 $18,685,000 $142,634 $2,565 4.66%
    $100k-150k 130 $25,660,000 $197,385 $2,138 4.63%
    $75k-100k 98 $17,820,000 $181,837 $2,467 4.67%
    $150k-250k 72 $20,420,000 $283,611 $2,394 4.46%
    $250k+ 40 $15,280,000 $382,000 $2,864 4.43%

    Central Bank Of Boone County lent most frequently to those with incomes in the $50k or less range, with 136 originations. The second most popular income band? $50k-75k, with 131 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 171 $32,235,000 $188,509 $2,434 4.57%
    30-36% 107 $18,595,000 $173,785 $2,609 4.60%
    <20% 103 $18,025,000 $175,000 $2,134 4.66%
    37% 28 $4,550,000 $162,500 $2,026 4.80%
    42% 21 $4,225,000 $201,190 $2,220 4.49%
    43% 18 $4,320,000 $240,000 $2,379 4.59%
    39% 18 $3,340,000 $185,556 $2,315 4.72%
    41% 18 $3,380,000 $187,778 $2,418 4.60%
    40% 17 $2,355,000 $138,529 $2,223 4.69%
    38% 17 $3,005,000 $176,765 $2,421 4.77%
    45% 15 $3,065,000 $204,333 $2,223 4.72%
    36% 12 $2,620,000 $218,333 $3,176 4.76%
    47% 10 $2,040,000 $204,000 $2,004 4.44%
    48% 9 $1,625,000 $180,556 $2,166 4.54%
    44% 9 $1,245,000 $138,333 $2,081 4.98%
    46% 9 $2,715,000 $301,667 $2,360 4.53%
    49% 8 $1,720,000 $215,000 $1,930 4.50%
    50-60% 6 $1,890,000 $315,000 $2,125 4.88%
    >60% 6 $1,090,000 $181,667 $2,373 4.56%

    Central Bank Of Boone County lent most frequently to those with DTI ratios of 20-30%, with 171 originations. The next most common DTI ratio? 30-36%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 507 $95,265,000 $187,899 $2,361 4.60%
    Not applicable 92 $23,540,000 $255,870 $0 4.94%
    Not provided 71 $11,615,000 $163,592 $2,387 4.97%
    Asian 18 $3,730,000 $207,222 $2,572 4.42%
    Black 14 $2,060,000 $147,143 $2,400 4.43%
    American Indian 4 $550,000 $137,500 $2,120 4.66%

    Approval Rates

    Total approvals of all applications
    96.70%

    Central Bank Of Boone County 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
    80.03%

    Central Bank Of Boone County has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 706 $136,760,000 $193,711

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 14 $12,290,000 $877,857
    Single Family (1-4 Units):Manufactured 7 $595,000 $85,000
    Single Family (1-4 Units):Site-Built 685 $123,875,000 $180,839

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $8,480,000 $212,000 $1,717 4.63%
    40-60% 100 $16,860,000 $168,600 $2,014 4.56%
    60-80% 228 $47,560,000 $208,596 $2,180 4.73%
    80-100% 309 $61,765,000 $199,887 $2,680 4.66%
    Over 100% 4 $890,000 $222,500 $8,475 4.34%
    Under 20% 25 $1,205,000 $48,200 $755 5.02%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CENTRAL BANC MORTGAGE CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Central Bank of Boone County 1000 West Nifong Boulevard, Building #9 Columbia, MO 65203 Full Service B&M $74,284
    Central Bank of Boone County 1009 Smiley Lane Columbia, MO 65202 Full Service B&M $19,811
    Central Bank of Boone County 105 Route B Hallsville, MO 65255 Full Service B&M $30,053
    Central Bank of Boone County 117 North Ogden Sturgeon, MO 65284 Full Service B&M $28,150
    Central Bank of Boone County 1916 Paris Road Columbia, MO 65201 Full Service B&M $47,540
    Central Bank of Boone County 1920 Legends West Avenue Boonville, MO 65233 Full Service B&M $18,282
    Central Bank of Boone County 203 East Walnut Street Columbia, MO 65203 Full Service B&M $20,683
    Central Bank of Boone County 205 South Keene Street Columbia, MO 65201 Full Service B&M $26,457
    Central Bank of Boone County 2116 Nelwood Drive Columbia, MO 65202 Full Service Cyber Office $17,290
    Central Bank of Boone County 216 West Railroad Street Centralia, MO 65240 Full Service B&M $32,633
    Central Bank of Boone County 2711 West Broadway Columbia, MO 65203 Full Service B&M $81,431
    Central Bank of Boone County 405 East Broadway Street Ashland, MO 65010 Full Service B&M $55,902
    Central Bank of Boone County 416 East Spring Street Boonville, MO 65233 Full Service B&M $27,999
    Central Bank of Boone County 505 East Nifong Boulevard Columbia, MO 65201 Full Service Retail $30,753
    Central Bank of Boone County 5614 East St. Charles Road, Suite A Columbia, MO 65202 Full Service B&M $28,566
    Central Bank of Boone County 720 East Broadway Street Columbia, MO 65201 Full Service B&M $923,232

    For 2018, Central Bank Of Boone County had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $62,184
    Net interest income $55,737
    Total noninterest income $24,975
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $5,154
    Trading account gains and fees $0
    Additional Noninterest Income $19,821
    Pre-tax net operating income $37,867
    Securities gains (or losses, -) $-40
    Income before extraordinary items $29,470
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $29,470
    Minority interest net income $0
    Net income $29,470
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $29,501

    Central Bank Of Boone County's gross interest income from loans was $62,184,000.
    Central Bank Of Boone County's net interest income from loans was $55,737,000.
    Central Bank Of Boone County's fee based income from loans was $5,154,000.
    Central Bank Of Boone County's net income from loans was $29,470,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,447
    Provision for credit losses $1,436
    Total noninterest expense $41,409
    Salaries and employee benefits $19,544
    Premises and equipment expense $4,141
    Additional noninterest expense $17,724
    Applicable income taxes $8,357
    Net charge-offs $1,181
    Cash dividends $24,000

    Central Bank Of Boone County's interest expense for loans was $6,447,000.
    Central Bank Of Boone County's payroll and benefits expense were $19,544,000.
    Central Bank Of Boone County's property, plant and equipment expenses $4,141,000.

    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 0.5%
    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 $1,660,062
    Deposits held in domestic offices $1,660,062
    Deposits by Individuals, partnerships, and corporations $1,507,296
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $151,294
    Deposits by Commercial banks and other depository institutions in U.S. $1,470
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $166,269
    Demand deposits $151,337
    Nontransaction accounts $1,493,793
    Money market deposit accounts (MMDAs) $1,156,480
    Other savings deposits (excluding MMDAs) $127,373
    Total time deposits $209,940
    Total time and savings deposits $1,508,725
    Noninterest-bearing deposits $601,547
    Interest-bearing deposits $1,058,515
    Retail deposits $1,624,515
    IRAs and Keogh plan accounts $42,398
    Brokered deposits $1,993
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,066,454
    Cash & Balances due from depository institutions $239,677
    Interest-bearing balances $198,962
    Total securities $548,937
    Federal funds sold & reverse repurchase $29,974
    Net loans and leases $1,177,586
    Loan and leases loss allowance $17,686
    Trading account assets $0
    Bank premises and fixed assets $15,585
    Other real estate owned $0
    Goodwill and other intangibles $7,205
    All other assets $47,490

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,066,454
    Total Liabilities $1,894,202
    Total deposits $1,660,062
    Interest-bearing deposits $1,058,515
    Deposits held in domestic offices $1,660,062
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $168,192
    Trading liabilities $0
    Other borrowed funds $60,000
    Subordinated debt $0
    All other liabilities $5,948

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,177,586
    Loan and leases loss allowance $17,686
    Total loans and leases (domestic) $1,195,272
    All real estate loans $950,786
    Real estate loans in domestic offices $950,786
    Construction and development loans $119,476
    Residential 1-4 family construction $31,142
    Other construction, all land development and other land $88,334
    Loans secured by nonfarm nonresidential properties $374,587
    Nonfarm nonresidential secured by owner-occupied properties $161,028
    Commercial real estate & other non-farm, non-residential $213,559
    Multifamily residential real estate $174,514
    1-4 family residential loans $258,039
    Farmland loans $24,170
    Loans held in foreign offices $0
    Farm loans $11,581
    Commercial and industrial loans $88,860
    To non-U.S. addressees $0
    Loans to individuals $128,463
    Credit card loans $13,172
    Related Plans $7,005
    Consumer Auto Loans $87,854
    Other loans to individuals $20,432
    All other loans & leases $16,434
    Loans to foreign governments and official institutions $0
    Other loans $4,916
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $9,439
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,493
    Non 1-4 family restructured loans & leases $2,332
    Total loans and leases (foreign) $0

    Central Bank of Boone County had $1,177,586,000 of loans outstanding in 2018. $950,786,000 of loans were in real estate loans. $119,476,000 of loans were in development loans. $174,514,000 of loans were in multifamily mortgage loans. $258,039,000 of loans were in 1-4 family mortgage loans. $11,581,000 of loans were in farm loans. $13,172,000 of loans were in credit card loans. $87,854,000 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 351 $72,325 $206,054
    Nonfarm, nonresidential loans - <$100k 87 $3,256 $37,425
    Nonfarm, nonresidential loans - $100-250k 91 $9,771 $107,374
    Nonfarm, nonresidential loans - $250k-1MM 173 $59,298 $342,763
    Commercial & Industrial, US addressed loans - <$1MM 2,528 $50,234 $19,871
    Commercial & Industrial, US addressed loans - <$100k 2,342 $16,524 $7,056
    Commercial & Industrial, US addressed loans - $100-250k 94 $9,085 $96,649
    Commercial & Industrial, US addressed loans - $250k-1MM 92 $24,625 $267,663
    Farmland loans - <$1MM 88 $11,858 $134,750
    Farmland loans - <$100k 37 $1,416 $38,270
    Farmland loans - $100-250k 30 $4,430 $147,667
    Farmland loans - $250k-1MM 21 $6,012 $286,286
    Agriculture operations loans - <$1MM 129 $6,974 $54,062
    Agriculture operations loans - <$100k 106 $1,842 $17,377
    Agriculture operations loans - $100-250k 10 $1,435 $143,500
    Agriculture operations loans - $250k-1MM 13 $3,697 $284,385