Central Bank Of Warrensburg Mortgage Rates, Fees & Info

Warrensburg, MO

LEI: 549300T7TUTAOW4OUS39

Tax ID: 43-1304936

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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 and Cash Out Refi loans. Central Bank Of Warrensburg 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: Warrensburg, Kansas City, Lexington, St. Louis, and Marshall among others. We have data for 8 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

    87

    Origination Dollar Volume (All Markets)

    $16,935,000

    Employee count

    49

    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) 51 $9,945,000 $195,000 $4,508 4.70%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 25 $3,975,000 $159,000 $3,387 4.18%
    Outside of Metro Areas 6 $1,860,000 $310,000 $3,192 3.98%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $545,000 $545,000 $3,915 4.50%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $215,000 $215,000 $0 5.75%
    Marshall, MO (FHA|USDA|VA) 1 $205,000 $205,000 $2,480 4.25%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $165,000 $165,000 $2,970 4.00%
    Sedalia, MO (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.50%
    Central Bank Of Warrensburg's top markets include Warrensburg, Kansas City, Lexington, St. Louis, and Marshall among others.

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

    Citizens Savings and Loan Association, FSB
    Similarity Rank: 141
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 160
    Community Mortgage Banc Corporation
    Similarity Rank: 232
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 416
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 651
    Central Bank of Warrensburg
    Similarity Rank: 1096
    Hawthorn Bank
    Similarity Rank: 1564
    Central National Bank
    Similarity Rank: 1881
    Capitol Federal Savings Bank
    Similarity Rank: 2128
    Platte Valley Bank of Missouri
    Similarity Rank: 2184

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 71 $13,485,000 $189,930 $2,708 4.72%
    VA 10 $2,720,000 $272,000 $9,322 3.56%
    FHA 3 $385,000 $128,333 $5,212 3.83%
    USDA 3 $345,000 $115,000 $3,501 3.75%

    For 2019, Central Bank Of Warrensburg's most frequently originated type of loan was Conventional, with 71 originations. Their 2nd most popular type was VA, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $7,985,000 $169,894 $4,618 4.59%
    Cash Out Refi 23 $5,385,000 $234,130 $3,464 4.30%
    Home Improvement 8 $980,000 $122,500 $3,219 4.94%
    Refi 6 $1,900,000 $316,667 $2,650 4.44%
    Other 3 $685,000 $228,333 $2,861 4.21%

    For 2019, Central Bank Of Warrensburg's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 55 $11,695,000 $212,636 $4,057 4.08%
    20 Year 9 $1,375,000 $152,778 $1,255 5.51%
    15 Year 7 $965,000 $137,857 $3,907 3.95%
    1 Year 7 $815,000 $116,429 $0 5.86%
    3 Year 4 $340,000 $85,000 $0 6.25%
    Other 3 $1,575,000 $525,000 $0 5.33%
    5 Year 1 $15,000 $15,000 $0 6.50%
    10 Year 1 $155,000 $155,000 $2,943 3.38%

    For 2019, Central Bank Of Warrensburg's most frequently cited loan duration was 30 Year, with 55 originations. The 2nd most popular length was 20 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 63 $12,775,000 $202,778
    $3k-4k 1 $335,000 $335,000

    Central Bank Of Warrensburg's average total fees were $4,057, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 63 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 41 $8,245,000 $201,098
    4-5% 22 $4,490,000 $204,091
    5-6% 17 $3,485,000 $205,000
    6-7% 6 $710,000 $118,333
    7-8% 1 $5,000 $5,000

    During 2019, Central Bank Of Warrensburg's average interest rate for loans was 4.08%, while their most frequently originated rate bucket for loans was 3-4%, with 41 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 34 $5,120,000 $150,588 $3,282 4.16%
    $100,000 or less 24 $1,360,000 $56,667 $2,607 5.36%
    $200k-400k 21 $5,465,000 $260,238 $5,387 4.07%
    $400k-600k 6 $2,930,000 $488,333 $5,408 4.63%
    $1MM+ 1 $1,425,000 $1,425,000 $0 5.50%
    $600k-1MM 1 $635,000 $635,000 $1,940 4.38%

    2019 saw Central Bank Of Warrensburg place emphasis on $100k-200k loans with 34 originations, totaling $5,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 17 $2,525,000 $148,529 $4,175 4.24%
    $50k or less 17 $1,905,000 $112,059 $3,130 4.37%
    $100k-150k 15 $4,595,000 $306,333 $4,723 4.14%
    $75k-100k 15 $1,935,000 $129,000 $3,733 4.69%
    $250k+ 7 $2,705,000 $386,429 $3,067 4.84%
    $150k-250k 5 $1,165,000 $233,000 $3,302 4.50%

    Central Bank Of Warrensburg lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $50k or less, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 24 $4,190,000 $174,583 $3,111 4.22%
    30-36% 15 $2,895,000 $193,000 $4,131 4.35%
    <20% 7 $685,000 $97,857 $2,217 5.18%
    37% 4 $1,290,000 $322,500 $2,449 4.81%
    38% 4 $1,000,000 $250,000 $5,503 5.13%
    36% 4 $600,000 $150,000 $4,711 4.06%
    50-60% 3 $515,000 $171,667 $8,978 4.38%
    43% 3 $715,000 $238,333 $6,884 3.58%
    >60% 2 $340,000 $170,000 $2,649 4.88%
    39% 2 $350,000 $175,000 $3,106 4.75%
    40% 2 $500,000 $250,000 $2,828 4.56%
    42% 2 $290,000 $145,000 $2,787 3.88%
    49% 2 $220,000 $110,000 $3,360 3.88%
    48% 1 $255,000 $255,000 $11,590 3.38%
    41% 1 $195,000 $195,000 $3,387 3.88%
    46% 1 $225,000 $225,000 $2,812 4.00%
    47% 1 $165,000 $165,000 $3,319 3.88%

    Central Bank Of Warrensburg lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? 30-36%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 77 $15,715,000 $204,091 $3,958 4.38%
    Not applicable 8 $1,080,000 $135,000 $0 5.75%
    Black 1 $75,000 $75,000 $0 5.75%
    Asian 1 $65,000 $65,000 $2,499 4.25%

    Approval Rates

    Total approvals of all applications
    92.17%

    Central Bank Of Warrensburg has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.16%

    Central Bank Of Warrensburg has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 87 $16,935,000 $194,655

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $2,205,000 $735,000
    Single Family (1-4 Units):Site-Built 84 $14,730,000 $175,357

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $430,000 $71,667 $2,434 5.83%
    40-60% 16 $4,180,000 $261,250 $2,576 4.77%
    60-80% 29 $5,725,000 $197,414 $2,872 4.44%
    80-100% 29 $5,755,000 $198,448 $4,958 4.09%
    Over 100% 3 $705,000 $235,000 $10,612 4.17%
    Under 20% 4 $140,000 $35,000 $11 5.53%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CENTERSTATE BANK CORPORATION Conventional home mortgage Trouble during payment process 1 50.0%
    CENTERSTATE BANK CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%

    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 $45,410
    Central Bank of Warrensburg 1310 South Highway 13 Warrensburg, MO 64093 Full Service B&M $12,510
    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 $766
    Central Bank of Warrensburg 401 North Maguire Street Warrensburg, MO 64093 Full Service B&M $99,030
    Central Bank of Warrensburg 401-415 Fairground Avenue Higginsville, MO 64037 Full Service B&M $34,034
    Central Bank of Warrensburg 416 North Second Street Odessa, MO 64076 Full Service B&M $15,122

    For 2019, Central Bank Of Warrensburg had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,903
    Net interest income $7,573
    Total noninterest income $2,552
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,009
    Trading account gains and fees $0
    Additional Noninterest Income $1,543
    Pre-tax net operating income $4,108
    Securities gains (or losses, -) $15
    Income before extraordinary items $3,300
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,300
    Minority interest net income $0
    Net income $3,300
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,288

    Central Bank Of Warrensburg's gross interest income from loans was $8,903,000.
    Central Bank Of Warrensburg's net interest income from loans was $7,573,000.
    Central Bank Of Warrensburg's fee based income from loans was $1,009,000.
    Central Bank Of Warrensburg's net income from loans was $3,300,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,330
    Provision for credit losses $57
    Total noninterest expense $5,960
    Salaries and employee benefits $2,682
    Premises and equipment expense $444
    Additional noninterest expense $2,834
    Applicable income taxes $823
    Net charge-offs $102
    Cash dividends $2,800

    Central Bank Of Warrensburg's interest expense for loans was $1,330,000.
    Central Bank Of Warrensburg's payroll and benefits expense were $2,682,000.
    Central Bank Of Warrensburg's property, plant and equipment expenses $444,000.

    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 6.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.2%
    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 $209,460
    Deposits held in domestic offices $209,460
    Deposits by Individuals, partnerships, and corporations $172,678
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $36,782
    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 $30,516
    Demand deposits $28,082
    Nontransaction accounts $178,944
    Money market deposit accounts (MMDAs) $114,363
    Other savings deposits (excluding MMDAs) $28,914
    Total time deposits $35,667
    Total time and savings deposits $181,378
    Noninterest-bearing deposits $84,643
    Interest-bearing deposits $124,817
    Retail deposits $193,409
    IRAs and Keogh plan accounts $2,971
    Brokered deposits $2,492
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $256,850
    Cash & Balances due from depository institutions $23,529
    Interest-bearing balances $17,475
    Total securities $82,963
    Federal funds sold & reverse repurchase $893
    Net loans and leases $129,460
    Loan and leases loss allowance $2,492
    Trading account assets $0
    Bank premises and fixed assets $2,134
    Other real estate owned $99
    Goodwill and other intangibles $14,576
    All other assets $3,196

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $256,850
    Total Liabilities $220,295
    Total deposits $209,460
    Interest-bearing deposits $124,817
    Deposits held in domestic offices $209,460
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $558
    Trading liabilities $0
    Other borrowed funds $8,040
    Subordinated debt $0
    All other liabilities $2,237

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $129,460
    Loan and leases loss allowance $2,492
    Total loans and leases (domestic) $131,952
    All real estate loans $87,273
    Real estate loans in domestic offices $87,273
    Construction and development loans $6,024
    Residential 1-4 family construction $2,469
    Other construction, all land development and other land $3,555
    Loans secured by nonfarm nonresidential properties $40,914
    Nonfarm nonresidential secured by owner-occupied properties $22,029
    Commercial real estate & other non-farm, non-residential $18,885
    Multifamily residential real estate $4,916
    1-4 family residential loans $24,770
    Farmland loans $10,649
    Loans held in foreign offices $0
    Farm loans $6,243
    Commercial and industrial loans $11,347
    To non-U.S. addressees $0
    Loans to individuals $5,782
    Credit card loans $1,486
    Related Plans $810
    Consumer Auto Loans $1,863
    Other loans to individuals $1,623
    All other loans & leases $21,393
    Loans to foreign governments and official institutions $0
    Other loans $14,360
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $995
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $653
    Non 1-4 family restructured loans & leases $369
    Total loans and leases (foreign) $0

    Central Bank of Warrensburg had $129,460,000 of loans outstanding in 2019. $87,273,000 of loans were in real estate loans. $6,024,000 of loans were in development loans. $4,916,000 of loans were in multifamily mortgage loans. $24,770,000 of loans were in 1-4 family mortgage loans. $6,243,000 of loans were in farm loans. $1,486,000 of loans were in credit card loans. $1,863,000 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 136 $20,789 $152,860
    Nonfarm, nonresidential loans - <$100k 52 $2,055 $39,519
    Nonfarm, nonresidential loans - $100-250k 45 $4,770 $106,000
    Nonfarm, nonresidential loans - $250k-1MM 39 $13,964 $358,051
    Commercial & Industrial, US addressed loans - <$1MM 251 $6,713 $26,745
    Commercial & Industrial, US addressed loans - <$100k 219 $2,176 $9,936
    Commercial & Industrial, US addressed loans - $100-250k 19 $1,989 $104,684
    Commercial & Industrial, US addressed loans - $250k-1MM 13 $2,548 $196,000
    Farmland loans - <$1MM 129 $10,649 $82,550
    Farmland loans - <$100k 72 $2,467 $34,264
    Farmland loans - $100-250k 40 $4,291 $107,275
    Farmland loans - $250k-1MM 17 $3,891 $228,882
    Agriculture operations loans - <$1MM 212 $5,951 $28,071
    Agriculture operations loans - <$100k 194 $3,990 $20,567
    Agriculture operations loans - $100-250k 14 $1,199 $85,643
    Agriculture operations loans - $250k-1MM 4 $762 $190,500