Mrv Banks Mortgage Rates, Fees & Info

Sainte Genevieve, MO

LEI: 549300TWKRP1O3DIPG10

Tax ID: 65-1307067

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Mrv Banks is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    58

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mrv Banks 101 S. Mount Auburn Cape Girardeau, MO 63701 Full Service B&M $41
    Mrv Banks 1319 N. Truman Blvd. Festus, MO 63028 Full Service B&M $44,022
    Mrv Banks 1505 N. Mt. Auburn Road Cape Girardeau, MO 63701 Full Service B&M $107,036
    Mrv Banks 871 Ste Genevieve Dr Sainte Genevieve, MO 63670 Full Service B&M $322,104

    For 2021, Mrv Banks had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,806
    Net interest income $22,793
    Total noninterest income $1,388
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $402
    Trading account gains and fees $0
    Additional Noninterest Income $986
    Pre-tax net operating income $13,958
    Securities gains (or losses, -) $24
    Income before extraordinary items $10,774
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,774
    Minority interest net income $0
    Net income $10,774
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,755

    Mrv Banks's gross interest income from loans was $24,806,000.
    Mrv Banks's net interest income from loans was $22,793,000.
    Mrv Banks's fee based income from loans was $402,000.
    Mrv Banks's net income from loans was $10,774,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,013
    Provision for credit losses $1,500
    Total noninterest expense $8,723
    Salaries and employee benefits $5,271
    Premises and equipment expense $736
    Additional noninterest expense $2,716
    Applicable income taxes $3,208
    Net charge-offs $-61
    Cash dividends $1,075

    Mrv Banks's interest expense for loans was $2,013,000.
    Mrv Banks's payroll and benefits expense were $5,271,000.
    Mrv Banks's property, plant and equipment expenses $736,000.

    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 2.0%
    HELOC loans 19.0%
    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 $540,577
    Deposits held in domestic offices $540,577
    Deposits by Individuals, partnerships, and corporations $526,928
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,586
    Deposits by Commercial banks and other depository institutions in U.S. $1,063
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $269,198
    Demand deposits $269,198
    Nontransaction accounts $271,379
    Money market deposit accounts (MMDAs) $169,900
    Other savings deposits (excluding MMDAs) $6,232
    Total time deposits $95,247
    Total time and savings deposits $271,379
    Noninterest-bearing deposits $182,136
    Interest-bearing deposits $358,441
    Retail deposits $495,034
    IRAs and Keogh plan accounts $7,005
    Brokered deposits $30,001
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $631,530
    Cash & Balances due from depository institutions $52,009
    Interest-bearing balances $46,764
    Total securities $12,654
    Federal funds sold & reverse repurchase $0
    Net loans and leases $542,530
    Loan and leases loss allowance $6,919
    Trading account assets $0
    Bank premises and fixed assets $7,872
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $16,465

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $631,530
    Total Liabilities $576,914
    Total deposits $540,577
    Interest-bearing deposits $358,441
    Deposits held in domestic offices $540,577
    % insured (estimated) $50
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $34,000
    Subordinated debt $0
    All other liabilities $2,337

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $542,530
    Loan and leases loss allowance $6,919
    Total loans and leases (domestic) $549,449
    All real estate loans $371,249
    Real estate loans in domestic offices $371,249
    Construction and development loans $76,426
    Residential 1-4 family construction $5,034
    Other construction, all land development and other land $71,392
    Loans secured by nonfarm nonresidential properties $196,711
    Nonfarm nonresidential secured by owner-occupied properties $22,047
    Commercial real estate & other non-farm, non-residential $174,664
    Multifamily residential real estate $15,346
    1-4 family residential loans $37,709
    Farmland loans $45,057
    Loans held in foreign offices $0
    Farm loans $8,329
    Commercial and industrial loans $167,995
    To non-U.S. addressees $0
    Loans to individuals $1,876
    Credit card loans $307
    Related Plans $20
    Consumer Auto Loans $1,268
    Other loans to individuals $281
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $43,533
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    MRV Banks had $542,530,000 of loans outstanding in 2021. $371,249,000 of loans were in real estate loans. $76,426,000 of loans were in development loans. $15,346,000 of loans were in multifamily mortgage loans. $37,709,000 of loans were in 1-4 family mortgage loans. $8,329,000 of loans were in farm loans. $307,000 of loans were in credit card loans. $1,268,000 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 117 $27,254 $232,940
    Nonfarm, nonresidential loans - <$100k 36 $1,402 $38,944
    Nonfarm, nonresidential loans - $100-250k 35 $5,129 $146,543
    Nonfarm, nonresidential loans - $250k-1MM 46 $20,723 $450,500
    Commercial & Industrial, US addressed loans - <$1MM 293 $40,552 $138,403
    Commercial & Industrial, US addressed loans - <$100k 146 $4,171 $28,568
    Commercial & Industrial, US addressed loans - $100-250k 68 $6,824 $100,353
    Commercial & Industrial, US addressed loans - $250k-1MM 79 $29,557 $374,139
    Farmland loans - <$1MM 34 $3,585 $105,441
    Farmland loans - <$100k 15 $553 $36,867
    Farmland loans - $100-250k 15 $2,337 $155,800
    Farmland loans - $250k-1MM 4 $695 $173,750
    Agriculture operations loans - <$1MM 29 $1,679 $57,897
    Agriculture operations loans - <$100k 22 $410 $18,636
    Agriculture operations loans - $100-250k 3 $225 $75,000
    Agriculture operations loans - $250k-1MM 4 $1,044 $261,000