Montgomery Bank Mortgage Rates, Fees & Info
Sikeston, MO
LEI: 549300RWMKY0FK1H5L44
Tax ID: 43-0169840
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Mortgage Data
Bank Data
Overview
Montgomery Bank is a
smaller
bank
specializing in
Home Purchase, Refi, and Cash Out Refi loans.
Montgomery Bank has a high proportion of conventional loans.
Their top markets include Cape Girardeau, St. Louis, Rolla, Sikeston, and Glenwood Springs among others. Montgomery Bank has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Originations
511
Origination Dollar Volume (All Markets)
$101,255,000
Employee count
178
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA)
|
204
|
$31,840,000 |
$156,078 |
$0 |
0.00% |
|
ST. LOUIS, MO-IL (FHA|USDA|VA)
|
176
|
$30,140,000 |
$171,250 |
$0 |
0.00% |
|
Rolla, MO (FHA|USDA|VA)
|
2
|
$6,130,000 |
$3,065,000 |
$0 |
0.00% |
|
Sikeston, MO (FHA|USDA|VA)
|
58
|
$5,650,000 |
$97,414 |
$0 |
0.00% |
|
Glenwood Springs, CO (FHA|USDA|VA)
|
1
|
$4,405,000 |
$4,405,000 |
$0 |
0.00% |
|
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)
|
8
|
$4,130,000 |
$516,250 |
$0 |
0.00% |
|
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)
|
1
|
$3,995,000 |
$3,995,000 |
$0 |
0.00% |
|
Outside of Metro Areas
|
33 |
$3,935,000 |
$119,242 |
$0 |
0.00% |
|
GREENVILLE-ANDERSON, SC (FHA|USDA|VA)
|
1
|
$3,005,000 |
$3,005,000 |
$0 |
0.00% |
|
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)
|
2
|
$980,000 |
$490,000 |
$0 |
0.00% |
|
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)
|
2
|
$940,000 |
$470,000 |
$0 |
0.00% |
|
Poplar Bluff, MO (FHA|USDA|VA)
|
2
|
$780,000 |
$390,000 |
$0 |
0.00% |
|
CARBONDALE-MARION, IL (FHA|USDA|VA)
|
2
|
$700,000 |
$350,000 |
$0 |
0.00% |
|
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)
|
1
|
$565,000 |
$565,000 |
$0 |
0.00% |
|
FORT COLLINS, CO (FHA|USDA|VA)
|
1
|
$455,000 |
$455,000 |
$0 |
0.00% |
|
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA)
|
1
|
$435,000 |
$435,000 |
$0 |
0.00% |
|
SPRINGFIELD, MO (FHA|USDA|VA)
|
1
|
$365,000 |
$365,000 |
$0 |
0.00% |
|
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)
|
1
|
$345,000 |
$345,000 |
$0 |
0.00% |
|
JEFFERSON CITY, MO (FHA|USDA|VA)
|
2
|
$340,000 |
$170,000 |
$0 |
0.00% |
|
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA)
|
1
|
$315,000 |
$315,000 |
$0 |
0.00% |
|
JONESBORO, AR (FHA|USDA|VA)
|
2
|
$300,000 |
$150,000 |
$0 |
0.00% |
|
Farmington, MO (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$0 |
0.00% |
|
PEORIA, IL (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$0 |
0.00% |
|
Fort Leonard Wood, MO (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$0 |
0.00% |
|
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$0 |
0.00% |
|
Murray, KY (FHA|USDA|VA)
|
1
|
$155,000 |
$155,000 |
$0 |
0.00% |
|
Kennett, MO (FHA|USDA|VA)
|
1
|
$155,000 |
$155,000 |
$0 |
0.00% |
|
JOPLIN, MO (FHA|USDA|VA)
|
1
|
$145,000 |
$145,000 |
$0 |
0.00% |
|
KANSAS CITY, MO-KS (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$0 |
0.00% |
|
Oxford, MS (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$0 |
0.00% |
Montgomery Bank's top markets include Cape Girardeau, St. Louis, Rolla, Sikeston, and Glenwood Springs among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
511 |
$101,255,000 |
$198,151 |
$0 |
0.00% |
For the 2021 period, Montgomery Bank's most frequently
originated loan type
of loans were Conventional, with 511 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
202 |
$47,030,000 |
$232,822 |
$0 |
0.00% |
| Refi |
126 |
$25,920,000 |
$205,714 |
$0 |
0.00% |
| Cash Out Refi |
72 |
$20,750,000 |
$288,194 |
$0 |
0.00% |
| Home Improvement |
63 |
$3,745,000 |
$59,444 |
$0 |
0.00% |
| Other |
48 |
$3,810,000 |
$79,375 |
$0 |
0.00% |
For the 2021, Montgomery Bank's most frequently cited loan
purpose
of loans were Home Purchase, with 202
originations.
The 2nd most popular reason of loans were Refi,
with 126 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Other |
511 |
$101,255,000 |
$198,151 |
$0 |
0.00% |
For the 2021, Montgomery Bank's most frequently cited loan
length
of loans were Other, with 511 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-200k |
200 |
$28,750,000 |
$143,750 |
$0 |
0.00% |
| $100,000 or less |
177 |
$9,655,000 |
$54,548 |
$0 |
0.00% |
| $200k-400k |
93 |
$24,495,000 |
$263,387 |
$0 |
0.00% |
| $400k-600k |
28 |
$13,770,000 |
$491,786 |
$0 |
0.00% |
| $600k-1MM |
7 |
$5,155,000 |
$736,429 |
$0 |
0.00% |
| $1MM+ |
6 |
$19,430,000 |
$3,238,333 |
$0 |
0.00% |
2021 saw Montgomery Bank place emphasis on
$100k-200k loans
with 200 originations, totaling
$28,750,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $50k or less |
121 |
$13,885,000 |
$114,752 |
$0 |
0.00% |
| $50k-75k |
96 |
$11,810,000 |
$123,021 |
$0 |
0.00% |
| $100k-150k |
76 |
$10,870,000 |
$143,026 |
$0 |
0.00% |
| $250k+ |
66 |
$29,840,000 |
$452,121 |
$0 |
0.00% |
| $150k-250k |
57 |
$11,425,000 |
$200,439 |
$0 |
0.00% |
| $75k-100k |
51 |
$6,945,000 |
$136,176 |
$0 |
0.00% |
Montgomery Bank lent most frequently to those with incomes in the
$50k or less range, with
121 originations.
The second most popular income band? $50k-75k,
with 96 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Exempt% |
511 |
$101,255,000 |
$198,151 |
$0 |
0.00% |
Montgomery Bank lent most frequently to those with DTI ratios
of Exempt%, with
511 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
436 |
$75,080,000 |
$172,202 |
$0 |
0.00% |
| Not applicable |
29 |
$15,055,000 |
$519,138 |
$0 |
0.00% |
| Asian Indian |
7 |
$3,315,000 |
$473,571 |
$0 |
0.00% |
| Asian |
10 |
$3,110,000 |
$311,000 |
$0 |
0.00% |
| Not provided |
18 |
$3,090,000 |
$171,667 |
$0 |
0.00% |
| Black |
9 |
$1,035,000 |
$115,000 |
$0 |
0.00% |
| American Indian |
1 |
$435,000 |
$435,000 |
$0 |
0.00% |
| Chinese |
1 |
$135,000 |
$135,000 |
$0 |
0.00% |
Approval Rates
Total approvals of all applications
93.01%
Montgomery Bank has an average approval rate.
Pick Rate
Approvals leading to origination
88.64%
Montgomery Bank has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| Exempt |
511 |
$101,255,000 |
$198,151 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
511 |
$101,255,000 |
$198,151 |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Montgomery Bank |
3803 Union Road Saint Louis, MO 63109 |
Full Service B&M
|
$46,425 |
| Montgomery Bank |
One Montgomery Bank Plaza Sikeston, MO 63801 |
Full Service B&M
|
$306,079 |
| Montgomery Bank |
11998 St. Charles Rock Road Bridgeton, MO 63044 |
Full Service B&M
|
$26,621 |
| Montgomery Bank |
1229 South Laclede Station Rd Webster Groves, MO 63119 |
Full Service B&M
|
$140,299 |
| Montgomery Bank |
13303 Manchester Road Des Peres, MO 63131 |
Full Service B&M
|
$23,206 |
| Montgomery Bank |
13483 Olive Boulevard Chesterfield, MO 63017 |
Full Service B&M
|
$52,306 |
| Montgomery Bank |
200 S Mt. Auburn Road Cape Girardeau, MO 63701 |
Full Service B&M
|
$40,600 |
| Montgomery Bank |
2027 Broadway Street Cape Girardeau, MO 63701 |
Full Service B&M
|
$329,252 |
| Montgomery Bank |
2125 East Jackson Blvd Jackson, MO 63755 |
Full Service B&M
|
$43,524 |
| Montgomery Bank |
2201 East Malone Sikeston, MO 63801 |
Full Service B&M
|
$9,494 |
For 2021, Montgomery Bank had 10 branches.
Yearly Performance Overview
Bank Income
Montgomery Bank's gross interest income from loans was $33,174,000.
Montgomery Bank's net interest income from loans was $30,301,000.
Montgomery Bank's fee based income from loans was $1,319,000.
Montgomery Bank's net income from loans was $12,722,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$2,873 |
| Provision for credit losses |
$-3 |
| Total noninterest expense |
$25,453 |
| Salaries and employee benefits |
$12,049 |
| Premises and equipment expense |
$3,492 |
| Additional noninterest expense |
$9,912 |
| Applicable income taxes |
$0 |
| Net charge-offs |
$-57 |
| Cash dividends |
$8,720 |
Montgomery Bank's interest expense for loans was $2,873,000.
Montgomery Bank's payroll and benefits expense were $12,049,000.
Montgomery Bank's property, plant and equipment expenses $3,492,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$1,036,546 |
| Deposits held in domestic offices |
$1,036,546 |
| Deposits by Individuals, partnerships, and corporations |
$957,480 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$78,817 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$249 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$239,517 |
| Demand deposits |
$75,002 |
| Nontransaction accounts |
$797,029 |
| Money market deposit accounts (MMDAs) |
$540,487 |
| Other savings deposits (excluding MMDAs) |
$146,217 |
| Total time deposits |
$110,325 |
| Total time and savings deposits |
$961,544 |
| Noninterest-bearing deposits |
$264,012 |
| Interest-bearing deposits |
$772,534 |
| Retail deposits |
$1,013,377 |
| IRAs and Keogh plan accounts |
$12,285 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$1,177,451 |
| Cash & Balances due from depository institutions |
$73,002 |
| Interest-bearing balances |
$64,504 |
| Total securities |
$299,474 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$726,085 |
| Loan and leases loss allowance |
$8,105 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$39,795 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$5,928 |
| All other assets |
$33,167 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$1,177,451 |
| Total Liabilities |
$1,086,729 |
| Total deposits |
$1,036,546 |
| Interest-bearing deposits |
$772,534 |
| Deposits held in domestic offices |
$1,036,546 |
| % insured (estimated) |
$60 |
| Federal funds purchased and repurchase agreements |
$14,382 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$30,000 |
| Subordinated debt |
$0 |
| All other liabilities |
$5,801 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$726,085 |
| Loan and leases loss allowance |
$8,105 |
| Total loans and leases (domestic) |
$734,190 |
| All real estate loans |
$586,810 |
| Real estate loans in domestic offices |
$586,810 |
| Construction and development loans |
$41,321 |
| Residential 1-4 family construction |
$2,686 |
| Other construction, all land development and other land |
$38,635 |
| Loans secured by nonfarm nonresidential properties |
$235,386 |
| Nonfarm nonresidential secured by owner-occupied properties |
$136,219 |
| Commercial real estate & other non-farm, non-residential |
$99,167 |
| Multifamily residential real estate |
$23,591 |
| 1-4 family residential loans |
$245,988 |
| Farmland loans |
$40,524 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$22,877 |
| Commercial and industrial loans |
$118,313 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$4,163 |
| Credit card loans |
$0 |
| Related Plans |
$143 |
| Consumer Auto Loans |
$2,519 |
| Other loans to individuals |
$1,501 |
| All other loans & leases |
$2,027 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$2,002 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$4,967 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$4,974 |
| Non 1-4 family restructured loans & leases |
$4,448 |
| Total loans and leases (foreign) |
$0 |
Montgomery Bank had $726,085,000 of loans outstanding in 2021. $586,810,000 of loans were in real estate loans.
$41,321,000 of loans were in development loans. $23,591,000 of loans were in multifamily mortgage loans.
$245,988,000 of loans were in 1-4 family mortgage loans. $22,877,000 of loans were in farm loans. $0
of loans were in credit card loans. $2,519,000 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 |
182 |
$39,622 |
$217,703 |
| Nonfarm, nonresidential loans - <$100k |
75 |
$2,130 |
$28,400 |
| Nonfarm, nonresidential loans - $100-250k |
47 |
$7,936 |
$168,851 |
| Nonfarm, nonresidential loans - $250k-1MM |
60 |
$29,556 |
$492,600 |
| Commercial & Industrial, US addressed loans - <$1MM |
636 |
$45,538 |
$71,601 |
| Commercial & Industrial, US addressed loans - <$100k |
518 |
$9,762 |
$18,846 |
| Commercial & Industrial, US addressed loans - $100-250k |
62 |
$10,463 |
$168,758 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
56 |
$25,313 |
$452,018 |
| Farmland loans - <$1MM |
112 |
$15,439 |
$137,848 |
| Farmland loans - <$100k |
48 |
$2,278 |
$47,458 |
| Farmland loans - $100-250k |
48 |
$8,056 |
$167,833 |
| Farmland loans - $250k-1MM |
16 |
$5,105 |
$319,063 |
| Agriculture operations loans - <$1MM |
146 |
$10,556 |
$72,301 |
| Agriculture operations loans - <$100k |
112 |
$3,258 |
$29,089 |
| Agriculture operations loans - $100-250k |
24 |
$3,837 |
$159,875 |
| Agriculture operations loans - $250k-1MM |
10 |
$3,461 |
$346,100 |
