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, Refi, and Cash Out Refi loans. Central Bank Of Warrensburg has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Warrensburg, Kansas City, Jefferson City, Kirksville, and Marshall among others. We have data for 6 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

    141

    Origination Dollar Volume (All Markets)

    $25,085,000

    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) 79 $15,445,000 $195,506 $2,959 3.44%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 52 $7,940,000 $152,692 $2,981 3.30%
    Outside of Metro Areas 6 $1,300,000 $216,667 $3,332 3.46%
    JEFFERSON CITY, MO (FHA|USDA|VA) 2 $270,000 $135,000 $3,010 2.81%
    Kirksville, MO (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.88%
    Marshall, MO (FHA|USDA|VA) 1 $45,000 $45,000 $2,906 3.00%
    Central Bank Of Warrensburg's top markets include Warrensburg, Kansas City, Jefferson City, Kirksville, and Marshall 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.

    CENTRAL MISSOURI COMMUNITY CREDIT UNION
    Similarity Rank: 84
    HNB National Bank
    Similarity Rank: 195
    Azura Credit Union
    Similarity Rank: 380
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 553
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 592
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 652
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 825
    Central Bank of Warrensburg
    Similarity Rank: 1314
    CoreFirst Bank & Trust
    Similarity Rank: 1518
    Union Bank and Trust Company
    Similarity Rank: 1760

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 132 $23,580,000 $178,636 $2,828 3.44%
    USDA 7 $915,000 $130,714 $4,354 2.41%
    VA 2 $590,000 $295,000 $6,598 2.44%

    For 2020, Central Bank Of Warrensburg's most frequently originated type of loan was Conventional, with 132 originations. Their 2nd most popular type was USDA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 51 $7,555,000 $148,137 $3,407 3.70%
    Refi 43 $9,545,000 $221,977 $2,801 3.05%
    Cash Out Refi 43 $7,705,000 $179,186 $2,850 3.19%
    Home Improvement 2 $110,000 $55,000 $0 4.75%
    Other 2 $170,000 $85,000 $2,803 4.75%

    For 2020, Central Bank Of Warrensburg's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 70 $13,900,000 $198,571 $3,091 3.25%
    15 Year 38 $6,680,000 $175,789 $2,833 2.86%
    20 Year 14 $2,290,000 $163,571 $2,975 4.01%
    Other 9 $1,105,000 $122,778 $3,024 4.71%
    1 Year 5 $495,000 $99,000 $0 4.90%
    10 Year 3 $325,000 $108,333 $2,454 2.67%
    5 Year 2 $290,000 $145,000 $0 4.63%

    For 2020, Central Bank Of Warrensburg's most frequently cited loan duration was 30 Year, with 70 originations. The 2nd most popular length was 15 Year, with 38 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 115 $22,005,000 $191,348
    $1k-2k 2 $360,000 $180,000

    Central Bank Of Warrensburg's average total fees were $3,091, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 115 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 55 $10,875,000 $197,727
    3-4% 38 $7,370,000 $193,947
    4-5% 25 $3,105,000 $124,200
    <2.5% 16 $3,080,000 $192,500
    5-6% 6 $590,000 $98,333
    6-7% 1 $65,000 $65,000

    During 2020, Central Bank Of Warrensburg's average interest rate for loans was 3.25%, while their most frequently originated rate bucket for loans was 2.5-3%, with 55 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 52 $7,370,000 $141,731 $2,872 3.36%
    $200k-400k 41 $11,175,000 $272,561 $3,194 3.04%
    $100,000 or less 40 $2,710,000 $67,750 $2,900 3.79%
    $400k-600k 8 $3,830,000 $478,750 $2,871 3.14%

    2020 saw Central Bank Of Warrensburg place emphasis on $100k-200k loans with 52 originations, totaling $7,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 29 $4,525,000 $156,034 $3,024 3.20%
    $50k-75k 24 $3,610,000 $150,417 $3,158 3.32%
    $50k or less 22 $2,150,000 $97,727 $3,108 3.32%
    $100k-150k 21 $4,345,000 $206,905 $2,898 3.07%
    $150k-250k 21 $5,605,000 $266,905 $2,782 3.48%
    $250k+ 6 $1,630,000 $271,667 $2,844 3.21%

    Central Bank Of Warrensburg lent most frequently to those with incomes in the $75k-100k range, with 29 originations. The second most popular income band? $50k-75k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 45 $7,665,000 $170,333 $2,961 3.46%
    30-36% 27 $5,205,000 $192,778 $3,251 3.22%
    <20% 16 $2,520,000 $157,500 $2,913 3.11%
    36% 7 $1,585,000 $226,429 $3,354 2.91%
    >60% 4 $450,000 $112,500 $2,405 4.34%
    39% 4 $610,000 $152,500 $2,877 3.00%
    42% 4 $970,000 $242,500 $2,895 2.81%
    40% 3 $385,000 $128,333 $2,856 3.38%
    38% 3 $705,000 $235,000 $2,206 3.08%
    37% 3 $425,000 $141,667 $2,729 2.79%
    43% 3 $485,000 $161,667 $2,923 2.92%
    50-60% 2 $350,000 $175,000 $2,398 3.69%
    44% 2 $390,000 $195,000 $2,957 2.50%
    45% 1 $205,000 $205,000 $2,998 2.63%
    41% 1 $145,000 $145,000 $3,082 3.00%

    Central Bank Of Warrensburg lent most frequently to those with DTI ratios of 20-30%, with 45 originations. The next most common DTI ratio? 30-36%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 128 $23,150,000 $180,859 $2,982 3.27%
    Not applicable 11 $1,485,000 $135,000 $0 4.82%
    Not provided 2 $450,000 $225,000 $3,088 2.56%

    Approval Rates

    Total approvals of all applications
    95.24%

    Central Bank Of Warrensburg has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    58.16%

    Central Bank Of Warrensburg has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 141 $25,085,000 $177,908

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $330,000 $165,000
    Single Family (1-4 Units):Manufactured 5 $355,000 $71,000
    Single Family (1-4 Units):Site-Built 134 $24,400,000 $182,090

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $900,000 $90,000 $2,896 3.46%
    40-60% 24 $2,940,000 $122,500 $2,674 3.48%
    60-80% 66 $14,710,000 $222,879 $2,909 3.26%
    80-100% 38 $6,150,000 $161,842 $3,465 3.44%
    Over 100% 1 $85,000 $85,000 $2,008 4.25%
    Under 20% 2 $300,000 $150,000 $1,016 4.00%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CENTERSTATE BANK CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    CENTERSTATE BANK CORPORATION Conventional home mortgage Trouble during payment process 2 50.0%
    CENTERSTATE BANK CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%

    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 $52,278
    Central Bank of Warrensburg 1310 South Highway 13 Warrensburg, MO 64093 Full Service B&M $13,607
    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 $1,376
    Central Bank of Warrensburg 401 North Maguire Street Warrensburg, MO 64093 Full Service B&M $118,676
    Central Bank of Warrensburg 401-415 Fairground Avenue Higginsville, MO 64037 Full Service B&M $36,467
    Central Bank of Warrensburg 416 North Second Street Odessa, MO 64076 Full Service B&M $19,413

    For 2020, Central Bank Of Warrensburg had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,430
    Net interest income $7,804
    Total noninterest income $2,679
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $822
    Trading account gains and fees $0
    Additional Noninterest Income $1,857
    Pre-tax net operating income $4,143
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,266
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,266
    Minority interest net income $0
    Net income $3,266
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,266

    Central Bank Of Warrensburg's gross interest income from loans was $8,430,000.
    Central Bank Of Warrensburg's net interest income from loans was $7,804,000.
    Central Bank Of Warrensburg's fee based income from loans was $822,000.
    Central Bank Of Warrensburg's net income from loans was $3,266,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $626
    Provision for credit losses $128
    Total noninterest expense $6,212
    Salaries and employee benefits $2,805
    Premises and equipment expense $417
    Additional noninterest expense $2,990
    Applicable income taxes $877
    Net charge-offs $228
    Cash dividends $2,200

    Central Bank Of Warrensburg's interest expense for loans was $626,000.
    Central Bank Of Warrensburg's payroll and benefits expense were $2,805,000.
    Central Bank Of Warrensburg's property, plant and equipment expenses $417,000.

    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 0.2%
    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 $248,215
    Deposits held in domestic offices $248,215
    Deposits by Individuals, partnerships, and corporations $203,163
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $45,052
    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 $21,521
    Demand deposits $19,476
    Nontransaction accounts $226,694
    Money market deposit accounts (MMDAs) $157,819
    Other savings deposits (excluding MMDAs) $36,761
    Total time deposits $32,114
    Total time and savings deposits $228,739
    Noninterest-bearing deposits $112,454
    Interest-bearing deposits $135,761
    Retail deposits $231,686
    IRAs and Keogh plan accounts $2,728
    Brokered deposits $3,860
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $297,578
    Cash & Balances due from depository institutions $20,350
    Interest-bearing balances $13,907
    Total securities $83,701
    Federal funds sold & reverse repurchase $531
    Net loans and leases $170,504
    Loan and leases loss allowance $2,392
    Trading account assets $0
    Bank premises and fixed assets $2,091
    Other real estate owned $2,598
    Goodwill and other intangibles $14,590
    All other assets $3,213

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $297,578
    Total Liabilities $259,461
    Total deposits $248,215
    Interest-bearing deposits $135,761
    Deposits held in domestic offices $248,215
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $654
    Trading liabilities $0
    Other borrowed funds $8,000
    Subordinated debt $0
    All other liabilities $2,592

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $170,504
    Loan and leases loss allowance $2,392
    Total loans and leases (domestic) $172,896
    All real estate loans $103,838
    Real estate loans in domestic offices $103,838
    Construction and development loans $7,635
    Residential 1-4 family construction $3,143
    Other construction, all land development and other land $4,492
    Loans secured by nonfarm nonresidential properties $53,349
    Nonfarm nonresidential secured by owner-occupied properties $25,933
    Commercial real estate & other non-farm, non-residential $27,416
    Multifamily residential real estate $7,038
    1-4 family residential loans $24,581
    Farmland loans $11,235
    Loans held in foreign offices $0
    Farm loans $5,915
    Commercial and industrial loans $22,886
    To non-U.S. addressees $0
    Loans to individuals $5,106
    Credit card loans $1,421
    Related Plans $709
    Consumer Auto Loans $1,459
    Other loans to individuals $1,517
    All other loans & leases $35,602
    Loans to foreign governments and official institutions $0
    Other loans $19,220
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,968
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $255
    Non 1-4 family restructured loans & leases $255
    Total loans and leases (foreign) $0

    Central Bank of Warrensburg had $170,504,000 of loans outstanding in 2020. $103,838,000 of loans were in real estate loans. $7,635,000 of loans were in development loans. $7,038,000 of loans were in multifamily mortgage loans. $24,581,000 of loans were in 1-4 family mortgage loans. $5,915,000 of loans were in farm loans. $1,421,000 of loans were in credit card loans. $1,459,000 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 132 $23,189 $175,674
    Nonfarm, nonresidential loans - <$100k 46 $1,758 $38,217
    Nonfarm, nonresidential loans - $100-250k 42 $4,527 $107,786
    Nonfarm, nonresidential loans - $250k-1MM 44 $16,904 $384,182
    Commercial & Industrial, US addressed loans - <$1MM 648 $18,429 $28,440
    Commercial & Industrial, US addressed loans - <$100k 589 $7,329 $12,443
    Commercial & Industrial, US addressed loans - $100-250k 34 $3,668 $107,882
    Commercial & Industrial, US addressed loans - $250k-1MM 25 $7,432 $297,280
    Farmland loans - <$1MM 119 $11,235 $94,412
    Farmland loans - <$100k 61 $2,142 $35,115
    Farmland loans - $100-250k 40 $4,582 $114,550
    Farmland loans - $250k-1MM 18 $4,511 $250,611
    Agriculture operations loans - <$1MM 212 $5,914 $27,896
    Agriculture operations loans - <$100k 199 $3,835 $19,271
    Agriculture operations loans - $100-250k 9 $1,066 $118,444
    Agriculture operations loans - $250k-1MM 4 $1,013 $253,250