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 and Refi 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, Jefferson City, Kansas City, Moberly, and Mexico among others. We have data for 21 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.

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    Originations

    1,395

    Origination Dollar Volume (All Markets)

    $364,655,000

    Employee count

    324 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) 1,249 $332,645,000 $266,329 $2,237 3.21%
    JEFFERSON CITY, MO (FHA|USDA|VA) 48 $9,960,000 $207,500 $2,573 3.18%
    Outside of Metro Areas 30 $7,460,000 $248,667 $2,607 3.03%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 12 $3,150,000 $262,500 $2,410 3.20%
    Moberly, MO (FHA|USDA|VA) 15 $2,475,000 $165,000 $2,064 3.14%
    Mexico, MO (FHA|USDA|VA) 14 $2,140,000 $152,857 $2,565 3.46%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 8 $1,570,000 $196,250 $3,587 3.32%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $1,055,000 $1,055,000 $9,679 3.25%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $835,000 $278,333 $2,486 3.58%
    Warrensburg, MO (FHA|USDA|VA) 1 $735,000 $735,000 $0 4.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $605,000 $605,000 $0 3.75%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $370,000 $185,000 $2,558 3.25%
    BLOOMINGTON, IL (FHA|USDA|VA) 2 $310,000 $155,000 $1,986 3.19%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,861 2.88%
    Atchison, KS (FHA|USDA|VA) 1 $235,000 $235,000 $3,133 2.75%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $205,000 $205,000 $2,269 3.75%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $155,000 $155,000 $2,688 3.00%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 2 $140,000 $70,000 $0 4.13%
    Marshall, MO (FHA|USDA|VA) 1 $135,000 $135,000 $3,085 2.13%
    Rolla, MO (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.50%
    Kirksville, MO (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.75%
    Central Bank Of Boone County's top markets include Columbia, Jefferson City, Kansas City, Moberly, and Mexico among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • North Carolina (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: 40
    MISSOURI Credit Union
    Similarity Rank: 133
    WEST COMMUNITY
    Similarity Rank: 336
    The Bank of Missouri
    Similarity Rank: 957
    First State Community Bank
    Similarity Rank: 1080
    Central Bank of Boone County
    Similarity Rank: 1155
    Hawthorn Bank
    Similarity Rank: 1254
    UMB Bank
    Similarity Rank: 1788
    GERSHMAN INVESTMENT CORP.
    Similarity Rank: 2074
    Stifel Bank and Trust
    Similarity Rank: 2195

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,342 $354,580,000 $264,218 $2,149 3.21%
    FHA 20 $3,660,000 $183,000 $6,536 3.39%
    USDA 20 $2,890,000 $144,500 $4,019 3.03%
    VA 13 $3,525,000 $271,154 $4,546 2.88%

    For 2020, Central Bank Of Boone County's most frequently originated type of loan was Conventional, with 1,342 originations. Their 2nd most popular type was FHA, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 659 $204,475,000 $310,281 $2,784 3.33%
    Refi 509 $110,155,000 $216,415 $1,801 3.00%
    Cash Out Refi 212 $47,180,000 $222,547 $2,149 3.29%
    Other 8 $1,500,000 $187,500 $1,897 3.58%
    Home Improvement 7 $1,345,000 $192,143 $1,828 3.88%

    For 2020, Central Bank Of Boone County's most frequently cited loan purpose was Home Purchase, with 659 originations. The 2nd most popular reason was Refi, with 509 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 782 $180,530,000 $230,857 $2,475 3.15%
    15 Year 270 $52,630,000 $194,926 $1,966 2.82%
    5 Year 86 $21,810,000 $253,605 $0 4.07%
    20 Year 86 $17,310,000 $201,279 $1,889 3.08%
    Other 81 $17,345,000 $214,136 $2,119 3.89%
    10 Year 49 $8,365,000 $170,714 $1,658 2.92%
    1 Year 26 $5,060,000 $194,615 $0 4.51%
    3 Year 15 $61,605,000 $4,107,000 $0 4.26%

    For 2020, Central Bank Of Boone County's most frequently cited loan duration was 30 Year, with 782 originations. The 2nd most popular length was 15 Year, with 270 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,199 $263,405,000 $219,687
    $1k-2k 17 $4,235,000 $249,118
    $2k-3k 10 $1,600,000 $160,000
    $3k-4k 5 $1,055,000 $211,000
    $4k-5k 1 $305,000 $305,000

    Central Bank Of Boone County's average total fees were $2,475, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,199 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 613 $135,775,000 $221,493
    3-4% 566 $190,060,000 $335,795
    4-5% 126 $20,270,000 $160,873
    <2.5% 85 $17,925,000 $210,882
    5-6% 5 $625,000 $125,000

    During 2020, Central Bank Of Boone County's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 2.5-3%, with 613 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 610 $92,310,000 $151,328 $2,178 3.16%
    $200k-400k 512 $140,530,000 $274,473 $2,394 3.11%
    $100,000 or less 170 $12,340,000 $72,588 $1,904 3.71%
    $400k-600k 87 $40,985,000 $471,092 $2,557 3.15%
    $1MM+ 9 $73,715,000 $8,190,556 $6,644 3.56%
    $600k-1MM 7 $4,775,000 $682,143 $3,226 3.59%

    2020 saw Central Bank Of Boone County place emphasis on $100k-200k loans with 610 originations, totaling $92,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 264 $63,170,000 $239,280 $2,250 3.12%
    $50k-75k 251 $40,515,000 $161,414 $2,232 3.15%
    $75k-100k 215 $44,255,000 $205,837 $2,373 3.08%
    $50k or less 197 $25,445,000 $129,162 $2,291 3.30%
    $150k-250k 154 $44,650,000 $289,935 $2,287 3.09%
    $250k+ 79 $29,435,000 $372,595 $2,440 3.16%

    Central Bank Of Boone County lent most frequently to those with incomes in the $100k-150k range, with 264 originations. The second most popular income band? $50k-75k, with 251 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 354 $73,690,000 $208,164 $2,183 3.11%
    30-36% 265 $56,505,000 $213,226 $2,350 3.13%
    <20% 220 $46,020,000 $209,182 $2,029 3.11%
    39% 38 $7,330,000 $192,895 $2,633 3.17%
    36% 35 $9,425,000 $269,286 $2,516 3.16%
    38% 34 $7,700,000 $226,471 $2,169 2.91%
    43% 33 $7,125,000 $215,909 $2,286 3.08%
    41% 32 $6,980,000 $218,125 $2,070 3.18%
    40% 31 $5,415,000 $174,677 $2,132 3.27%
    42% 29 $5,435,000 $187,414 $2,927 3.16%
    37% 27 $6,475,000 $239,815 $2,868 3.26%
    44% 20 $4,450,000 $222,500 $2,785 3.25%
    45% 18 $3,950,000 $219,444 $2,072 3.17%
    47% 15 $2,895,000 $193,000 $2,045 3.22%
    46% 13 $3,465,000 $266,538 $2,645 3.12%
    >60% 12 $3,040,000 $253,333 $2,244 3.51%
    48% 10 $2,360,000 $236,000 $2,356 2.94%
    49% 8 $1,410,000 $176,250 $3,442 2.94%
    50-60% 7 $1,995,000 $285,000 $4,191 3.11%

    Central Bank Of Boone County lent most frequently to those with DTI ratios of 20-30%, with 354 originations. The next most common DTI ratio? 30-36%, with 265 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,112 $239,070,000 $214,991 $2,270 3.11%
    Not applicable 115 $88,215,000 $767,087 $0 4.10%
    Not provided 89 $18,845,000 $211,742 $2,239 3.39%
    Asian 37 $8,165,000 $220,676 $2,162 3.08%
    Black 26 $6,170,000 $237,308 $2,982 3.15%
    Asian Indian 6 $2,020,000 $336,667 $2,370 2.88%
    American Indian 5 $915,000 $183,000 $2,126 3.53%
    Other Asian 2 $710,000 $355,000 $2,250 3.06%
    Chinese 3 $545,000 $181,667 $1,872 2.75%

    Approval Rates

    Total approvals of all applications
    97.34%

    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
    79.64%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,395 $364,655,000 $261,401

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $45,000 $45,000
    Multifamily:Site-Built 17 $72,805,000 $4,282,647
    Single Family (1-4 Units):Manufactured 13 $1,335,000 $102,692
    Single Family (1-4 Units):Site-Built 1,364 $290,470,000 $212,955

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 72 $12,230,000 $169,861 $1,827 3.16%
    40-60% 189 $36,345,000 $192,302 $2,016 3.11%
    60-80% 597 $199,045,000 $333,409 $2,075 3.22%
    80-100% 520 $115,080,000 $221,308 $2,648 3.24%
    Over 100% 3 $695,000 $231,667 $7,829 2.83%
    Under 20% 14 $1,260,000 $90,000 $1,225 3.35%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CENTERSTATE BANK CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    CENTERSTATE BANK CORPORATION Conventional home mortgage Trouble during payment process 2 50.0%
    CENTERSTATE BANK CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%

    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 $101,488
    Central Bank of Boone County 1009 Smiley Lane Columbia, MO 65202 Full Service B&M $29,429
    Central Bank of Boone County 105 Route B Hallsville, MO 65255 Full Service B&M $35,339
    Central Bank of Boone County 117 North Ogden Sturgeon, MO 65284 Full Service B&M $31,753
    Central Bank of Boone County 1916 Paris Road Columbia, MO 65201 Full Service B&M $52,342
    Central Bank of Boone County 1920 Legends West Avenue Boonville, MO 65233 Full Service B&M $21,160
    Central Bank of Boone County 203 East Walnut Street Columbia, MO 65203 Full Service B&M $25,368
    Central Bank of Boone County 205 South Keene Street Columbia, MO 65201 Full Service B&M $35,993
    Central Bank of Boone County 2116 Nelwood Drive Columbia, MO 65202 Full Service Cyber Office $27,029
    Central Bank of Boone County 216 West Railroad Street Centralia, MO 65240 Full Service B&M $39,587
    Central Bank of Boone County 2711 West Broadway Columbia, MO 65203 Full Service B&M $106,773
    Central Bank of Boone County 405 East Broadway Street Ashland, MO 65010 Full Service B&M $64,708
    Central Bank of Boone County 416 East Spring Street Boonville, MO 65233 Full Service B&M $32,066
    Central Bank of Boone County 505 East Nifong Boulevard Columbia, MO 65201 Full Service Retail $41,047
    Central Bank of Boone County 5614 East St. Charles Road, Suite A Columbia, MO 65202 Full Service B&M $34,378
    Central Bank of Boone County 720 East Broadway Street Columbia, MO 65201 Full Service B&M $1,108,400

    For 2020, Central Bank Of Boone County had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $64,926
    Net interest income $60,506
    Total noninterest income $34,485
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $5,080
    Trading account gains and fees $0
    Additional Noninterest Income $29,405
    Pre-tax net operating income $43,361
    Securities gains (or losses, -) $2
    Income before extraordinary items $33,601
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $33,601
    Minority interest net income $0
    Net income $33,601
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $33,599

    Central Bank Of Boone County's gross interest income from loans was $64,926,000.
    Central Bank Of Boone County's net interest income from loans was $60,506,000.
    Central Bank Of Boone County's fee based income from loans was $5,080,000.
    Central Bank Of Boone County's net income from loans was $33,601,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,420
    Provision for credit losses $2,940
    Total noninterest expense $48,690
    Salaries and employee benefits $23,134
    Premises and equipment expense $4,207
    Additional noninterest expense $21,349
    Applicable income taxes $9,762
    Net charge-offs $1,583
    Cash dividends $14,000

    Central Bank Of Boone County's interest expense for loans was $4,420,000.
    Central Bank Of Boone County's payroll and benefits expense were $23,134,000.
    Central Bank Of Boone County's property, plant and equipment expenses $4,207,000.

    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 0.9%
    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 $2,241,749
    Deposits held in domestic offices $2,241,749
    Deposits by Individuals, partnerships, and corporations $2,024,177
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $204,657
    Deposits by Commercial banks and other depository institutions in U.S. $12,915
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $244,460
    Demand deposits $228,228
    Nontransaction accounts $1,997,290
    Money market deposit accounts (MMDAs) $1,601,881
    Other savings deposits (excluding MMDAs) $180,176
    Total time deposits $215,233
    Total time and savings deposits $2,013,522
    Noninterest-bearing deposits $939,534
    Interest-bearing deposits $1,302,215
    Retail deposits $2,195,123
    IRAs and Keogh plan accounts $41,005
    Brokered deposits $3,585
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,770,842
    Cash & Balances due from depository institutions $422,668
    Interest-bearing balances $375,291
    Total securities $896,212
    Federal funds sold & reverse repurchase $14,226
    Net loans and leases $1,353,072
    Loan and leases loss allowance $19,669
    Trading account assets $0
    Bank premises and fixed assets $19,529
    Other real estate owned $0
    Goodwill and other intangibles $7,444
    All other assets $57,691

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,770,842
    Total Liabilities $2,560,193
    Total deposits $2,241,749
    Interest-bearing deposits $1,302,215
    Deposits held in domestic offices $2,241,749
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $230,229
    Trading liabilities $0
    Other borrowed funds $64,000
    Subordinated debt $0
    All other liabilities $24,215

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,353,072
    Loan and leases loss allowance $19,669
    Total loans and leases (domestic) $1,372,741
    All real estate loans $1,036,519
    Real estate loans in domestic offices $1,036,519
    Construction and development loans $108,461
    Residential 1-4 family construction $31,603
    Other construction, all land development and other land $76,858
    Loans secured by nonfarm nonresidential properties $435,816
    Nonfarm nonresidential secured by owner-occupied properties $193,824
    Commercial real estate & other non-farm, non-residential $241,992
    Multifamily residential real estate $210,587
    1-4 family residential loans $257,590
    Farmland loans $24,065
    Loans held in foreign offices $0
    Farm loans $8,459
    Commercial and industrial loans $196,080
    To non-U.S. addressees $0
    Loans to individuals $104,085
    Credit card loans $12,006
    Related Plans $7,717
    Consumer Auto Loans $69,935
    Other loans to individuals $14,427
    All other loans & leases $30,798
    Loans to foreign governments and official institutions $0
    Other loans $19,993
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,601
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,084
    Non 1-4 family restructured loans & leases $1,993
    Total loans and leases (foreign) $0

    Central Bank of Boone County had $1,353,072,000 of loans outstanding in 2020. $1,036,519,000 of loans were in real estate loans. $108,461,000 of loans were in development loans. $210,587,000 of loans were in multifamily mortgage loans. $257,590,000 of loans were in 1-4 family mortgage loans. $8,459,000 of loans were in farm loans. $12,006,000 of loans were in credit card loans. $69,935,000 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 343 $76,528 $223,114
    Nonfarm, nonresidential loans - <$100k 73 $2,652 $36,329
    Nonfarm, nonresidential loans - $100-250k 95 $11,084 $116,674
    Nonfarm, nonresidential loans - $250k-1MM 175 $62,792 $358,811
    Commercial & Industrial, US addressed loans - <$1MM 6,922 $108,891 $15,731
    Commercial & Industrial, US addressed loans - <$100k 6,592 $36,692 $5,566
    Commercial & Industrial, US addressed loans - $100-250k 182 $22,895 $125,797
    Commercial & Industrial, US addressed loans - $250k-1MM 148 $49,304 $333,135
    Farmland loans - <$1MM 88 $11,504 $130,727
    Farmland loans - <$100k 35 $1,453 $41,514
    Farmland loans - $100-250k 33 $4,409 $133,606
    Farmland loans - $250k-1MM 20 $5,642 $282,100
    Agriculture operations loans - <$1MM 118 $5,628 $47,695
    Agriculture operations loans - <$100k 101 $1,903 $18,842
    Agriculture operations loans - $100-250k 7 $1,042 $148,857
    Agriculture operations loans - $250k-1MM 10 $2,683 $268,300