Montgomery Bank Mortgage Rates, Fees & Info

Sikeston, MO

LEI: 549300RWMKY0FK1H5L44

Tax ID: 43-0169840

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Mortgage Data

Bank Data

Review & 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 by origination volume include: Cape Girardeau, St. Louis, Sikeston, Nashville, and Crestview among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

Montgomery Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

464

Origination Dollar Volume (All Markets)

$83,190,000

Employee count

180

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
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 204 $35,680,000 $174,902 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 140 $22,050,000 $157,500 $0 0.00%
Outside of Metro Areas 27 $6,585,000 $243,889 $0 0.00%
Sikeston, MO (FHA|USDA|VA) 65 $6,115,000 $94,077 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 5 $2,315,000 $463,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,885,000 $1,885,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,825,000 $1,825,000 $0 0.00%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $1,535,000 $1,535,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,285,000 $428,333 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $1,225,000 $408,333 $0 0.00%
COLUMBIA, MO (FHA|USDA|VA) 4 $770,000 $192,500 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
Kennett, MO (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Murray, KY (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Farmington, MO (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Montgomery Bank's top markets include Cape Girardeau, St. Louis, Sikeston, Nashville, and Crestview among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 464 $83,190,000 $179,289 $0 0.00%

    For 2020, Montgomery Bank's most frequently originated type of loan was Conventional, with 464 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 145 $30,505,000 $210,379 $0 0.00%
    Refi 142 $29,370,000 $206,831 $0 0.00%
    Cash Out Refi 71 $16,775,000 $236,268 $0 0.00%
    Home Improvement 55 $2,375,000 $43,182 $0 0.00%
    Other 51 $4,165,000 $81,667 $0 0.00%

    For 2020, Montgomery Bank's most frequently cited loan purpose was Home Purchase, with 145 originations. The 2nd most popular reason was Refi, with 142 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 464 $83,190,000 $179,289 $0 0.00%

    For 2020, Montgomery Bank's most frequently cited loan duration was Other, with 464 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 200 $11,220,000 $56,100 $0 0.00%
    $100k-200k 150 $21,280,000 $141,867 $0 0.00%
    $200k-400k 74 $20,420,000 $275,946 $0 0.00%
    $400k-600k 26 $11,700,000 $450,000 $0 0.00%
    $1MM+ 7 $13,445,000 $1,920,714 $0 0.00%
    $600k-1MM 7 $5,125,000 $732,143 $0 0.00%

    2020 saw Montgomery Bank place emphasis on $100,000 or less loans with 200 originations, totaling $11,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 108 $10,390,000 $96,204 $0 0.00%
    $50k-75k 77 $8,075,000 $104,870 $0 0.00%
    $100k-150k 72 $10,560,000 $146,667 $0 0.00%
    $250k+ 61 $25,055,000 $410,738 $0 0.00%
    $75k-100k 54 $5,900,000 $109,259 $0 0.00%
    $150k-250k 53 $12,005,000 $226,509 $0 0.00%

    Montgomery Bank lent most frequently to those with incomes in the $50k or less range, with 108 originations. The second most popular income band? $50k-75k, with 77 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 464 $83,190,000 $179,289 $0 0.00%

    Montgomery Bank lent most frequently to those with DTI ratios of Exempt%, with 464 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 428 $70,310,000 $164,276 $0 0.00%
    Not applicable 14 $7,280,000 $520,000 $0 0.00%
    Asian 7 $2,025,000 $289,286 $0 0.00%
    Asian Indian 3 $1,015,000 $338,333 $0 0.00%
    Not provided 6 $900,000 $150,000 $0 0.00%
    Black 4 $890,000 $222,500 $0 0.00%
    Other Asian 1 $495,000 $495,000 $0 0.00%
    American Indian 1 $275,000 $275,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.95%

    Montgomery Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.33%

    Montgomery Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 464 $83,190,000 $179,289

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $6,950,000 $1,737,500
    Single Family (1-4 Units):Manufactured 2 $210,000 $105,000
    Single Family (1-4 Units):Site-Built 458 $76,030,000 $166,004

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Montgomery Bank 11998 St. Charles Rock Road Bridgeton, MO 63044 Full Service B&M $25,865
    Montgomery Bank 1229 South Laclede Station Rd Webster Groves, MO 63119 Full Service B&M $121,599
    Montgomery Bank 13303 Manchester Road Des Peres, MO 63131 Full Service B&M $20,617
    Montgomery Bank 13483 Olive Boulevard Chesterfield, MO 63017 Full Service B&M $46,614
    Montgomery Bank 200 S Mt. Auburn Road Cape Girardeau, MO 63701 Full Service B&M $33,697
    Montgomery Bank 2027 Broadway Street Cape Girardeau, MO 63701 Full Service B&M $270,026
    Montgomery Bank 2125 East Jackson Blvd Jackson, MO 63755 Full Service B&M $37,244
    Montgomery Bank 2201 East Malone Sikeston, MO 63801 Full Service B&M $8,920
    Montgomery Bank 3803 Union Road Saint Louis, MO 63109 Full Service B&M $40,782
    Montgomery Bank One Montgomery Bank Plaza Sikeston, MO 63801 Full Service B&M $287,736

    For 2020, Montgomery Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $35,683
    Net interest income $31,503
    Total noninterest income $6,031
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,324
    Trading account gains and fees $0
    Additional Noninterest Income $4,707
    Pre-tax net operating income $11,216
    Securities gains (or losses, -) $-41
    Income before extraordinary items $11,175
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,175
    Minority interest net income $0
    Net income $11,175
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,216

    Montgomery Bank's gross interest income from loans was $35,683,000.
    Montgomery Bank's net interest income from loans was $31,503,000.
    Montgomery Bank's fee based income from loans was $1,324,000.
    Montgomery Bank's net income from loans was $11,175,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,180
    Provision for credit losses $876
    Total noninterest expense $25,442
    Salaries and employee benefits $13,867
    Premises and equipment expense $3,486
    Additional noninterest expense $8,089
    Applicable income taxes $0
    Net charge-offs $954
    Cash dividends $7,413

    Montgomery Bank's interest expense for loans was $4,180,000.
    Montgomery Bank's payroll and benefits expense were $13,867,000.
    Montgomery Bank's property, plant and equipment expenses $3,486,000.

    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 $1,004,510
    Deposits held in domestic offices $1,004,510
    Deposits by Individuals, partnerships, and corporations $937,166
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $67,344
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $202,146
    Demand deposits $69,109
    Nontransaction accounts $802,364
    Money market deposit accounts (MMDAs) $567,032
    Other savings deposits (excluding MMDAs) $130,679
    Total time deposits $104,653
    Total time and savings deposits $935,401
    Noninterest-bearing deposits $244,287
    Interest-bearing deposits $760,223
    Retail deposits $989,432
    IRAs and Keogh plan accounts $12,513
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,144,083
    Cash & Balances due from depository institutions $262,790
    Interest-bearing balances $249,690
    Total securities $32,425
    Federal funds sold & reverse repurchase $0
    Net loans and leases $774,872
    Loan and leases loss allowance $8,051
    Trading account assets $0
    Bank premises and fixed assets $37,864
    Other real estate owned $1,840
    Goodwill and other intangibles $3,136
    All other assets $31,156

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,144,083
    Total Liabilities $1,057,155
    Total deposits $1,004,510
    Interest-bearing deposits $760,223
    Deposits held in domestic offices $1,004,510
    % insured (estimated) $53
    Federal funds purchased and repurchase agreements $15,722
    Trading liabilities $0
    Other borrowed funds $30,000
    Subordinated debt $0
    All other liabilities $6,923

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $774,872
    Loan and leases loss allowance $8,051
    Total loans and leases (domestic) $782,923
    All real estate loans $563,863
    Real estate loans in domestic offices $563,863
    Construction and development loans $40,661
    Residential 1-4 family construction $8,146
    Other construction, all land development and other land $32,515
    Loans secured by nonfarm nonresidential properties $240,572
    Nonfarm nonresidential secured by owner-occupied properties $138,849
    Commercial real estate & other non-farm, non-residential $101,723
    Multifamily residential real estate $16,179
    1-4 family residential loans $224,143
    Farmland loans $42,308
    Loans held in foreign offices $0
    Farm loans $23,258
    Commercial and industrial loans $188,831
    To non-U.S. addressees $0
    Loans to individuals $4,759
    Credit card loans $0
    Related Plans $128
    Consumer Auto Loans $2,835
    Other loans to individuals $1,796
    All other loans & leases $2,212
    Loans to foreign governments and official institutions $0
    Other loans $2,175
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,057
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,032
    Non 1-4 family restructured loans & leases $3,785
    Total loans and leases (foreign) $0

    Montgomery Bank had $774,872,000 of loans outstanding in 2020. $563,863,000 of loans were in real estate loans. $40,661,000 of loans were in development loans. $16,179,000 of loans were in multifamily mortgage loans. $224,143,000 of loans were in 1-4 family mortgage loans. $23,258,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,835,000 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 201 $44,037 $219,090
    Nonfarm, nonresidential loans - <$100k 88 $2,943 $33,443
    Nonfarm, nonresidential loans - $100-250k 50 $8,904 $178,080
    Nonfarm, nonresidential loans - $250k-1MM 63 $32,190 $510,952
    Commercial & Industrial, US addressed loans - <$1MM 950 $71,398 $75,156
    Commercial & Industrial, US addressed loans - <$100k 778 $17,187 $22,091
    Commercial & Industrial, US addressed loans - $100-250k 96 $15,919 $165,823
    Commercial & Industrial, US addressed loans - $250k-1MM 76 $38,292 $503,842
    Farmland loans - <$1MM 120 $15,891 $132,425
    Farmland loans - <$100k 54 $2,349 $43,500
    Farmland loans - $100-250k 48 $7,810 $162,708
    Farmland loans - $250k-1MM 18 $5,732 $318,444
    Agriculture operations loans - <$1MM 163 $11,990 $73,558
    Agriculture operations loans - <$100k 128 $4,600 $35,938
    Agriculture operations loans - $100-250k 26 $4,000 $153,846
    Agriculture operations loans - $250k-1MM 9 $3,390 $376,667