Montgomery Bank Mortgage Rates, Fees & Info

Sikeston, MO

LEI: 549300RWMKY0FK1H5L44

Tax ID: 43-0169840

2021 Data | 2020 Data | 2019 Data | 2018 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

Item Value (in 000's)
Total interest income $33,174
Net interest income $30,301
Total noninterest income $7,999
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,319
Trading account gains and fees $0
Additional Noninterest Income $6,680
Pre-tax net operating income $12,850
Securities gains (or losses, -) $-128
Income before extraordinary items $12,722
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $12,722
Minority interest net income $0
Net income $12,722
Sale, conversion, retirement of capital stock, net $0
Net operating income $12,850

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.

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 $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