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 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: Columbia, Stillwater, Lawrence, Jefferson City, and St. Louis among others. We have data for 18 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

    838

    Origination Dollar Volume (All Markets)

    $229,480,000

    Employee count

    310 Show all (7) 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) 744 $154,670,000 $207,890 $2,404 4.18%
    Stillwater, OK (FHA|USDA|VA) 1 $52,005,000 $52,005,000 $0 3.93%
    LAWRENCE, KS (FHA|USDA|VA) 4 $7,150,000 $1,787,500 $0 4.34%
    JEFFERSON CITY, MO (FHA|USDA|VA) 27 $3,655,000 $135,370 $2,311 4.12%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 11 $2,815,000 $255,909 $2,597 3.68%
    Outside of Metro Areas 13 $2,565,000 $197,308 $2,290 3.97%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 10 $2,010,000 $201,000 $3,283 4.15%
    Mexico, MO (FHA|USDA|VA) 10 $1,500,000 $150,000 $2,713 4.31%
    Moberly, MO (FHA|USDA|VA) 8 $720,000 $90,000 $2,013 4.11%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $485,000 $485,000 $2,565 3.63%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $405,000 $405,000 $4,637 3.75%
    COLUMBUS, OH (FHA|USDA|VA) 1 $345,000 $345,000 $3,500 3.75%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $0 4.25%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 2 $300,000 $150,000 $1,856 3.75%
    Salina, KS (FHA|USDA|VA) 1 $265,000 $265,000 $2,622 3.63%
    Hannibal, MO (FHA|USDA|VA) 1 $115,000 $115,000 $538 3.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $85,000 $85,000 $3,123 4.63%
    Kirksville, MO (FHA|USDA|VA) 1 $75,000 $75,000 $1,873 4.00%
    Central Bank Of Boone County's top markets include Columbia, Stillwater, Lawrence, Jefferson City, and St. Louis among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (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.

    WEST COMMUNITY
    Similarity Rank: 45
    American Bank of Missouri
    Similarity Rank: 63
    MISSOURI Credit Union
    Similarity Rank: 304
    Capitol Federal Savings Bank
    Similarity Rank: 380
    Hawthorn Bank
    Similarity Rank: 391
    The Bank of Missouri
    Similarity Rank: 513
    First State Community Bank
    Similarity Rank: 672
    Central Bank of Boone County
    Similarity Rank: 810
    Jefferson Bank of Missouri
    Similarity Rank: 880
    Landmark Bank
    Similarity Rank: 1300

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 779 $218,675,000 $280,712 $2,194 4.19%
    FHA 24 $3,450,000 $143,750 $5,534 4.22%
    VA 19 $5,075,000 $267,105 $4,169 3.70%
    USDA 16 $2,280,000 $142,500 $4,116 3.73%

    For 2019, Central Bank Of Boone County's most frequently originated type of loan was Conventional, with 779 originations. Their 2nd most popular type was FHA, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 534 $169,720,000 $317,828 $2,774 4.27%
    Refi 164 $33,340,000 $203,293 $1,837 3.74%
    Cash Out Refi 117 $24,165,000 $206,538 $1,951 4.19%
    Home Improvement 14 $910,000 $65,000 $1,074 5.01%
    Other 9 $1,345,000 $149,444 $1,473 4.57%

    For 2019, 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 164 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 504 $109,720,000 $217,698 $2,590 4.02%
    15 Year 106 $18,380,000 $173,396 $1,985 3.59%
    5 Year 55 $12,255,000 $222,818 $420 4.87%
    Other 53 $62,385,000 $1,177,075 $2,008 4.98%
    20 Year 39 $6,795,000 $174,231 $2,067 3.96%
    10 Year 31 $11,575,000 $373,387 $1,569 4.19%
    3 Year 30 $4,710,000 $157,000 $0 5.37%
    1 Year 20 $3,660,000 $183,000 $0 5.59%

    For 2019, Central Bank Of Boone County's most frequently cited loan duration was 30 Year, with 504 originations. The 2nd most popular length was 15 Year, with 106 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 667 $138,405,000 $207,504
    $2k-3k 16 $2,310,000 $144,375
    $1k-2k 7 $1,335,000 $190,714
    $3k-4k 1 $215,000 $215,000
    $4k-5k 1 $595,000 $595,000
    $5k+ 1 $315,000 $315,000

    Central Bank Of Boone County's average total fees were $2,590, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 667 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 430 $148,730,000 $345,884
    4-5% 292 $63,010,000 $215,788
    5-6% 95 $13,705,000 $144,263
    2.5-3% 18 $3,730,000 $207,222
    6-7% 3 $305,000 $101,667

    During 2019, Central Bank Of Boone County's average interest rate for loans was 4.02%, while their most frequently originated rate bucket for loans was 3-4%, with 430 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 365 $53,765,000 $147,301 $2,444 4.15%
    $200k-400k 245 $66,825,000 $272,755 $2,468 4.01%
    $100,000 or less 158 $10,600,000 $67,089 $1,908 4.56%
    $400k-600k 56 $26,070,000 $465,536 $2,858 3.94%
    $600k-1MM 8 $6,080,000 $760,000 $3,644 4.31%
    $1MM+ 6 $66,140,000 $11,023,333 $3,566 4.09%

    2019 saw Central Bank Of Boone County place emphasis on $100k-200k loans with 365 originations, totaling $53,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 149 $23,565,000 $158,154 $2,446 4.08%
    $50k or less 148 $16,540,000 $111,757 $2,439 4.17%
    $75k-100k 138 $25,550,000 $185,145 $2,398 4.09%
    $100k-150k 125 $29,585,000 $236,680 $2,346 3.95%
    $150k-250k 84 $25,730,000 $306,310 $2,425 3.98%
    $250k+ 58 $21,120,000 $364,138 $2,638 3.95%

    Central Bank Of Boone County lent most frequently to those with incomes in the $50k-75k range, with 149 originations. The second most popular income band? $50k or less, with 148 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 206 $39,830,000 $193,350 $2,360 3.99%
    30-36% 161 $33,675,000 $209,161 $2,342 4.07%
    <20% 122 $25,320,000 $207,541 $2,135 4.01%
    37% 30 $6,470,000 $215,667 $2,788 3.99%
    39% 28 $5,480,000 $195,714 $2,586 3.94%
    40% 28 $4,630,000 $165,357 $2,688 4.37%
    42% 22 $3,800,000 $172,727 $2,460 4.16%
    36% 20 $5,030,000 $251,500 $2,634 3.97%
    38% 18 $4,350,000 $241,667 $2,298 3.95%
    44% 16 $3,510,000 $219,375 $2,179 4.16%
    41% 13 $2,295,000 $176,538 $2,672 4.38%
    43% 13 $2,055,000 $158,077 $3,230 3.78%
    45% 11 $2,155,000 $195,909 $3,196 4.05%
    46% 10 $1,800,000 $180,000 $2,916 3.91%
    >60% 9 $2,175,000 $241,667 $2,272 4.10%
    48% 8 $1,390,000 $173,750 $2,527 4.23%
    49% 8 $1,200,000 $150,000 $1,952 3.92%
    47% 6 $1,040,000 $173,333 $3,183 4.23%
    50-60% 5 $1,355,000 $271,000 $2,388 4.95%

    Central Bank Of Boone County lent most frequently to those with DTI ratios of 20-30%, with 206 originations. The next most common DTI ratio? 30-36%, with 161 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 646 $130,060,000 $201,331 $2,428 4.03%
    Not applicable 93 $80,055,000 $860,806 $0 5.06%
    Not provided 53 $9,445,000 $178,208 $1,951 4.45%
    Asian 24 $5,420,000 $225,833 $2,241 3.99%
    Black 12 $2,160,000 $180,000 $3,389 4.06%
    American Indian 7 $1,235,000 $176,429 $2,106 3.79%
    Other Asian 1 $545,000 $545,000 $3,077 3.88%
    Chinese 1 $305,000 $305,000 $0 5.38%
    Asian Indian 1 $255,000 $255,000 $2,402 3.75%

    Approval Rates

    Total approvals of all applications
    98.26%

    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
    78.64%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 838 $229,480,000 $273,842

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $67,090,000 $5,590,833
    Single Family (1-4 Units):Manufactured 10 $800,000 $80,000
    Single Family (1-4 Units):Site-Built 816 $161,590,000 $198,027

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $4,480,000 $112,000 $1,715 4.17%
    40-60% 102 $18,950,000 $185,784 $2,181 4.03%
    60-80% 297 $65,615,000 $220,926 $2,099 4.19%
    80-100% 379 $138,915,000 $366,530 $2,802 4.16%
    Over 100% 1 $195,000 $195,000 $6,561 3.38%
    Under 20% 19 $1,325,000 $69,737 $802 4.82%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CENTERSTATE BANK CORPORATION Conventional home mortgage Trouble during payment process 1 50.0%
    CENTERSTATE BANK CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%

    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 $85,951
    Central Bank of Boone County 1009 Smiley Lane Columbia, MO 65202 Full Service B&M $22,770
    Central Bank of Boone County 105 Route B Hallsville, MO 65255 Full Service B&M $35,290
    Central Bank of Boone County 117 North Ogden Sturgeon, MO 65284 Full Service B&M $28,037
    Central Bank of Boone County 1916 Paris Road Columbia, MO 65201 Full Service B&M $48,658
    Central Bank of Boone County 1920 Legends West Avenue Boonville, MO 65233 Full Service B&M $20,110
    Central Bank of Boone County 203 East Walnut Street Columbia, MO 65203 Full Service B&M $20,570
    Central Bank of Boone County 205 South Keene Street Columbia, MO 65201 Full Service B&M $30,006
    Central Bank of Boone County 2116 Nelwood Drive Columbia, MO 65202 Full Service Cyber Office $20,130
    Central Bank of Boone County 216 West Railroad Street Centralia, MO 65240 Full Service B&M $35,069
    Central Bank of Boone County 2711 West Broadway Columbia, MO 65203 Full Service B&M $84,463
    Central Bank of Boone County 405 East Broadway Street Ashland, MO 65010 Full Service B&M $55,816
    Central Bank of Boone County 416 East Spring Street Boonville, MO 65233 Full Service B&M $28,396
    Central Bank of Boone County 505 East Nifong Boulevard Columbia, MO 65201 Full Service Retail $36,846
    Central Bank of Boone County 5614 East St. Charles Road, Suite A Columbia, MO 65202 Full Service B&M $30,344
    Central Bank of Boone County 720 East Broadway Street Columbia, MO 65201 Full Service B&M $1,041,853

    For 2019, Central Bank Of Boone County had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $72,901
    Net interest income $62,578
    Total noninterest income $27,134
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $5,332
    Trading account gains and fees $0
    Additional Noninterest Income $21,802
    Pre-tax net operating income $42,757
    Securities gains (or losses, -) $0
    Income before extraordinary items $32,186
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $32,186
    Minority interest net income $0
    Net income $32,186
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $32,186

    Central Bank Of Boone County's gross interest income from loans was $72,901,000.
    Central Bank Of Boone County's net interest income from loans was $62,578,000.
    Central Bank Of Boone County's fee based income from loans was $5,332,000.
    Central Bank Of Boone County's net income from loans was $32,186,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,323
    Provision for credit losses $2,017
    Total noninterest expense $44,938
    Salaries and employee benefits $21,095
    Premises and equipment expense $4,109
    Additional noninterest expense $19,734
    Applicable income taxes $10,571
    Net charge-offs $1,391
    Cash dividends $21,000

    Central Bank Of Boone County's interest expense for loans was $10,323,000.
    Central Bank Of Boone County's payroll and benefits expense were $21,095,000.
    Central Bank Of Boone County's property, plant and equipment expenses $4,109,000.

    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 $1,780,622
    Deposits held in domestic offices $1,780,622
    Deposits by Individuals, partnerships, and corporations $1,576,965
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $197,843
    Deposits by Commercial banks and other depository institutions in U.S. $5,812
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $122,094
    Demand deposits $108,030
    Nontransaction accounts $1,658,527
    Money market deposit accounts (MMDAs) $1,305,219
    Other savings deposits (excluding MMDAs) $139,532
    Total time deposits $213,775
    Total time and savings deposits $1,672,591
    Noninterest-bearing deposits $648,015
    Interest-bearing deposits $1,132,607
    Retail deposits $1,735,176
    IRAs and Keogh plan accounts $43,031
    Brokered deposits $1,535
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,221,174
    Cash & Balances due from depository institutions $278,892
    Interest-bearing balances $222,667
    Total securities $562,012
    Federal funds sold & reverse repurchase $53,218
    Net loans and leases $1,248,875
    Loan and leases loss allowance $18,312
    Trading account assets $0
    Bank premises and fixed assets $19,103
    Other real estate owned $0
    Goodwill and other intangibles $7,121
    All other assets $51,953

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,221,174
    Total Liabilities $2,032,559
    Total deposits $1,780,622
    Interest-bearing deposits $1,132,607
    Deposits held in domestic offices $1,780,622
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $173,478
    Trading liabilities $0
    Other borrowed funds $68,133
    Subordinated debt $0
    All other liabilities $10,326

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,248,875
    Loan and leases loss allowance $18,312
    Total loans and leases (domestic) $1,267,187
    All real estate loans $1,020,678
    Real estate loans in domestic offices $1,020,678
    Construction and development loans $107,609
    Residential 1-4 family construction $26,733
    Other construction, all land development and other land $80,876
    Loans secured by nonfarm nonresidential properties $432,671
    Nonfarm nonresidential secured by owner-occupied properties $196,777
    Commercial real estate & other non-farm, non-residential $235,894
    Multifamily residential real estate $197,631
    1-4 family residential loans $259,997
    Farmland loans $22,770
    Loans held in foreign offices $0
    Farm loans $8,649
    Commercial and industrial loans $111,114
    To non-U.S. addressees $0
    Loans to individuals $114,223
    Credit card loans $13,553
    Related Plans $11,083
    Consumer Auto Loans $76,213
    Other loans to individuals $13,374
    All other loans & leases $13,606
    Loans to foreign governments and official institutions $0
    Other loans $2,961
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $6,084
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,317
    Non 1-4 family restructured loans & leases $2,191
    Total loans and leases (foreign) $0

    Central Bank of Boone County had $1,248,875,000 of loans outstanding in 2019. $1,020,678,000 of loans were in real estate loans. $107,609,000 of loans were in development loans. $197,631,000 of loans were in multifamily mortgage loans. $259,997,000 of loans were in 1-4 family mortgage loans. $8,649,000 of loans were in farm loans. $13,553,000 of loans were in credit card loans. $76,213,000 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 $74,860 $213,886
    Nonfarm, nonresidential loans - <$100k 83 $3,070 $36,988
    Nonfarm, nonresidential loans - $100-250k 89 $10,049 $112,910
    Nonfarm, nonresidential loans - $250k-1MM 178 $61,741 $346,860
    Commercial & Industrial, US addressed loans - <$1MM 2,163 $49,413 $22,845
    Commercial & Industrial, US addressed loans - <$100k 1,997 $15,950 $7,987
    Commercial & Industrial, US addressed loans - $100-250k 78 $7,926 $101,615
    Commercial & Industrial, US addressed loans - $250k-1MM 88 $25,537 $290,193
    Farmland loans - <$1MM 91 $11,676 $128,308
    Farmland loans - <$100k 37 $1,581 $42,730
    Farmland loans - $100-250k 36 $5,057 $140,472
    Farmland loans - $250k-1MM 18 $5,038 $279,889
    Agriculture operations loans - <$1MM 117 $5,918 $50,581
    Agriculture operations loans - <$100k 99 $1,952 $19,717
    Agriculture operations loans - $100-250k 7 $927 $132,429
    Agriculture operations loans - $250k-1MM 11 $3,039 $276,273