Central Bank Of Warrensburg Mortgage Rates, Fees & Info

Warrensburg, MO

LEI: 549300T7TUTAOW4OUS39

Tax ID: 43-1304936

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 Warrensburg is a smaller bank specializing in Home Purchase loans. Central Bank Of Warrensburg has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Warrensburg, Kansas City, Columbia, Pittsburg, and Sedalia among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Central Bank Of Warrensburg 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 Warrensburg 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

    138

    Origination Dollar Volume (All Markets)

    $23,190,000

    Employee count

    47 Show all (6) 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
    Warrensburg, MO (FHA|USDA|VA) 96 $17,750,000 $184,896 $3,739 4.70%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 33 $4,275,000 $129,545 $2,834 4.94%
    Outside of Metro Areas 5 $605,000 $121,000 $1,988 4.63%
    COLUMBIA, MO (FHA|USDA|VA) 1 $285,000 $285,000 $2,273 4.00%
    Pittsburg, KS (FHA|USDA|VA) 1 $115,000 $115,000 $2,214 4.25%
    Sedalia, MO (FHA|USDA|VA) 1 $105,000 $105,000 $3,064 3.75%
    Marshall, MO (FHA|USDA|VA) 1 $55,000 $55,000 $2,786 4.75%
    Central Bank Of Warrensburg's top markets include Warrensburg, Kansas City, Columbia, Pittsburg, and Sedalia among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Central Bank of Warrensburg based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 68
    KCB Bank
    Similarity Rank: 108
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 146
    Clay County Savings Bank
    Similarity Rank: 148
    First State Bank and Trust
    Similarity Rank: 580
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 608
    Central National Bank
    Similarity Rank: 696
    R-G Federal Credit Union
    Similarity Rank: 825
    Central Bank of Warrensburg
    Similarity Rank: 910
    Mid-America Bank
    Similarity Rank: 936

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 84 $13,710,000 $163,214 $1,953 5.02%
    VA 34 $7,140,000 $210,000 $5,188 4.24%
    FHA 13 $1,615,000 $124,231 $4,195 4.44%
    USDA 7 $725,000 $103,571 $3,087 4.30%

    For 2018, Central Bank Of Warrensburg's most frequently originated type of loan was Conventional, with 84 originations. Their 2nd most popular type was VA, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 110 $17,760,000 $161,455 $3,699 4.66%
    Cash Out Refi 15 $2,275,000 $151,667 $2,407 4.93%
    Refi 10 $2,810,000 $281,000 $1,542 5.09%
    Home Improvement 3 $345,000 $115,000 $0 5.50%

    For 2018, Central Bank Of Warrensburg's most frequently cited loan purpose was Home Purchase, with 110 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 96 $16,350,000 $170,313 $3,507 4.55%
    15 Year 16 $2,360,000 $147,500 $2,207 4.38%
    20 Year 11 $2,025,000 $184,091 $0 5.71%
    1 Year 9 $1,835,000 $203,889 $0 5.72%
    Other 5 $585,000 $117,000 $0 5.40%
    3 Year 1 $35,000 $35,000 $0 5.50%

    For 2018, Central Bank Of Warrensburg's most frequently cited loan duration was 30 Year, with 96 originations. The 2nd most popular length was 15 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 99 $16,975,000 $171,465
    $1k-2k 3 $625,000 $208,333
    $2k-3k 3 $895,000 $298,333

    Central Bank Of Warrensburg's average total fees were $3,507, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 99 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 85 $13,875,000 $163,235
    5-6% 40 $6,290,000 $157,250
    3-4% 12 $2,990,000 $249,167
    6-7% 1 $35,000 $35,000

    During 2018, Central Bank Of Warrensburg's average interest rate for loans was 4.55%, while their most frequently originated rate bucket for loans was 4-5%, with 85 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 50 $7,390,000 $147,800 $3,556 4.70%
    $100,000 or less 48 $3,220,000 $67,083 $2,378 5.01%
    $200k-400k 35 $9,325,000 $266,429 $4,011 4.44%
    $400k-600k 3 $1,285,000 $428,333 $2,365 3.96%
    $1MM+ 1 $1,215,000 $1,215,000 $0 5.85%
    $600k-1MM 1 $755,000 $755,000 $0 5.50%

    2018 saw Central Bank Of Warrensburg place emphasis on $100k-200k loans with 50 originations, totaling $7,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 39 $5,415,000 $138,846 $4,133 4.63%
    $50k or less 29 $3,015,000 $103,966 $3,012 4.69%
    $75k-100k 28 $5,610,000 $200,357 $3,297 4.57%
    $100k-150k 12 $2,400,000 $200,000 $3,277 4.66%
    $150k-250k 9 $2,205,000 $245,000 $2,291 4.65%
    $250k+ 5 $905,000 $181,000 $3,051 4.78%

    Central Bank Of Warrensburg lent most frequently to those with incomes in the $50k-75k range, with 39 originations. The second most popular income band? $50k or less, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 26 $4,210,000 $161,923 $2,696 4.61%
    30-36% 25 $3,385,000 $135,400 $4,021 4.69%
    <20% 18 $2,570,000 $142,778 $2,976 4.77%
    36% 7 $1,305,000 $186,429 $4,618 4.48%
    39% 6 $1,000,000 $166,667 $2,751 4.80%
    37% 6 $570,000 $95,000 $3,091 4.58%
    42% 5 $905,000 $181,000 $3,565 4.33%
    38% 5 $1,105,000 $221,000 $1,833 5.05%
    46% 5 $985,000 $197,000 $2,636 4.88%
    43% 4 $850,000 $212,500 $3,590 4.16%
    40% 3 $555,000 $185,000 $5,004 4.29%
    44% 3 $465,000 $155,000 $2,650 4.58%
    41% 2 $430,000 $215,000 $2,012 5.00%
    45% 2 $220,000 $110,000 $3,829 4.50%
    50-60% 2 $380,000 $190,000 $8,015 4.38%
    48% 1 $345,000 $345,000 $2,323 4.63%
    49% 1 $35,000 $35,000 $1,766 4.50%
    >60% 1 $375,000 $375,000 $7,069 4.38%
    47% 1 $155,000 $155,000 $4,515 4.38%

    Central Bank Of Warrensburg lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? 30-36%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 105 $16,575,000 $157,857 $3,254 4.65%
    Not applicable 15 $3,345,000 $223,000 $0 5.54%
    Not provided 15 $2,765,000 $184,333 $4,413 4.58%
    Asian 1 $285,000 $285,000 $2,273 4.00%
    Black 2 $220,000 $110,000 $4,551 5.00%

    Approval Rates

    Total approvals of all applications
    94.74%

    Central Bank Of Warrensburg has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.33%

    Central Bank Of Warrensburg has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 138 $23,190,000 $168,043

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $1,215,000 $1,215,000
    Single Family (1-4 Units):Manufactured 1 $65,000 $65,000
    Single Family (1-4 Units):Site-Built 136 $21,910,000 $161,103

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $520,000 $86,667 $1,125 5.60%
    40-60% 8 $910,000 $113,750 $1,626 5.16%
    60-80% 34 $5,850,000 $172,059 $2,227 4.92%
    80-100% 78 $13,950,000 $178,846 $3,454 4.60%
    Over 100% 9 $1,845,000 $205,000 $6,658 4.19%
    Under 20% 3 $115,000 $38,333 $55 5.13%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CENTRAL BANC MORTGAGE CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Central Bank of Warrensburg 123 West Second Street Holden, MO 64040 Full Service B&M $44,260
    Central Bank of Warrensburg 1310 South Highway 13 Warrensburg, MO 64093 Full Service B&M $12,663
    Central Bank of Warrensburg 206 South Market Holden, MO 64040 Limited, Drive-thru $0
    Central Bank of Warrensburg 2116 Nelwood Drive Columbia, MO 65202 Full Service Cyber Office $626
    Central Bank of Warrensburg 401 North Maguire Street Warrensburg, MO 64093 Full Service B&M $97,727
    Central Bank of Warrensburg 401-415 Fairground Avenue Higginsville, MO 64037 Full Service B&M $38,530
    Central Bank of Warrensburg 416 North Second Street Odessa, MO 64076 Full Service B&M $14,802

    For 2018, Central Bank Of Warrensburg had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,228
    Net interest income $7,339
    Total noninterest income $2,660
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,014
    Trading account gains and fees $0
    Additional Noninterest Income $1,646
    Pre-tax net operating income $3,874
    Securities gains (or losses, -) $-1
    Income before extraordinary items $3,105
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,105
    Minority interest net income $0
    Net income $3,105
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,105

    Central Bank Of Warrensburg's gross interest income from loans was $8,228,000.
    Central Bank Of Warrensburg's net interest income from loans was $7,339,000.
    Central Bank Of Warrensburg's fee based income from loans was $1,014,000.
    Central Bank Of Warrensburg's net income from loans was $3,105,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $889
    Provision for credit losses $178
    Total noninterest expense $5,947
    Salaries and employee benefits $2,699
    Premises and equipment expense $476
    Additional noninterest expense $2,772
    Applicable income taxes $768
    Net charge-offs $91
    Cash dividends $2,800

    Central Bank Of Warrensburg's interest expense for loans was $889,000.
    Central Bank Of Warrensburg's payroll and benefits expense were $2,699,000.
    Central Bank Of Warrensburg's property, plant and equipment expenses $476,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 7.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 1.3%
    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 $203,454
    Deposits held in domestic offices $203,454
    Deposits by Individuals, partnerships, and corporations $166,871
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $36,583
    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 $15,960
    Demand deposits $14,208
    Nontransaction accounts $187,494
    Money market deposit accounts (MMDAs) $122,928
    Other savings deposits (excluding MMDAs) $27,499
    Total time deposits $37,067
    Total time and savings deposits $189,246
    Noninterest-bearing deposits $79,862
    Interest-bearing deposits $123,592
    Retail deposits $187,415
    IRAs and Keogh plan accounts $3,352
    Brokered deposits $2,204
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $249,600
    Cash & Balances due from depository institutions $43,973
    Interest-bearing balances $36,095
    Total securities $50,631
    Federal funds sold & reverse repurchase $601
    Net loans and leases $134,482
    Loan and leases loss allowance $2,537
    Trading account assets $0
    Bank premises and fixed assets $2,179
    Other real estate owned $50
    Goodwill and other intangibles $14,607
    All other assets $3,077

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $249,600
    Total Liabilities $213,835
    Total deposits $203,454
    Interest-bearing deposits $123,592
    Deposits held in domestic offices $203,454
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $647
    Trading liabilities $0
    Other borrowed funds $8,000
    Subordinated debt $0
    All other liabilities $1,734

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $134,482
    Loan and leases loss allowance $2,537
    Total loans and leases (domestic) $137,019
    All real estate loans $88,101
    Real estate loans in domestic offices $88,101
    Construction and development loans $7,397
    Residential 1-4 family construction $2,974
    Other construction, all land development and other land $4,423
    Loans secured by nonfarm nonresidential properties $39,977
    Nonfarm nonresidential secured by owner-occupied properties $21,811
    Commercial real estate & other non-farm, non-residential $18,166
    Multifamily residential real estate $7,347
    1-4 family residential loans $23,150
    Farmland loans $10,230
    Loans held in foreign offices $0
    Farm loans $6,238
    Commercial and industrial loans $12,515
    To non-U.S. addressees $0
    Loans to individuals $5,732
    Credit card loans $1,402
    Related Plans $200
    Consumer Auto Loans $1,622
    Other loans to individuals $2,508
    All other loans & leases $24,521
    Loans to foreign governments and official institutions $0
    Other loans $17,443
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,278
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $621
    Non 1-4 family restructured loans & leases $194
    Total loans and leases (foreign) $0

    Central Bank of Warrensburg had $134,482,000 of loans outstanding in 2018. $88,101,000 of loans were in real estate loans. $7,397,000 of loans were in development loans. $7,347,000 of loans were in multifamily mortgage loans. $23,150,000 of loans were in 1-4 family mortgage loans. $6,238,000 of loans were in farm loans. $1,402,000 of loans were in credit card loans. $1,622,000 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 135 $20,547 $152,200
    Nonfarm, nonresidential loans - <$100k 51 $1,975 $38,725
    Nonfarm, nonresidential loans - $100-250k 46 $4,783 $103,978
    Nonfarm, nonresidential loans - $250k-1MM 38 $13,789 $362,868
    Commercial & Industrial, US addressed loans - <$1MM 249 $7,791 $31,289
    Commercial & Industrial, US addressed loans - <$100k 215 $2,190 $10,186
    Commercial & Industrial, US addressed loans - $100-250k 19 $2,411 $126,895
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $3,190 $212,667
    Farmland loans - <$1MM 126 $10,230 $81,190
    Farmland loans - <$100k 70 $2,256 $32,229
    Farmland loans - $100-250k 39 $3,937 $100,949
    Farmland loans - $250k-1MM 17 $4,037 $237,471
    Agriculture operations loans - <$1MM 199 $5,760 $28,945
    Agriculture operations loans - <$100k 182 $3,766 $20,692
    Agriculture operations loans - $100-250k 13 $1,101 $84,692
    Agriculture operations loans - $250k-1MM 4 $893 $223,250