Bank Of Bolivar Mortgage Rates, Fees & Info

Bolivar, MO

LEI: 549300TZZEEYWSOZS596

Tax ID: 43-1772215

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Mortgage Data

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

    Bank Of Bolivar is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bank Of Bolivar has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Branson, Lebanon, Maryville, and West Plains among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of Bolivar has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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

    215

    Origination Dollar Volume (All Markets)

    $26,675,000

    Employee count

    78

    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
    SPRINGFIELD, MO (FHA|USDA|VA) 177 $21,105,000 $119,237 $0 0.00%
    Outside of Metro Areas 30 $3,860,000 $128,667 $0 0.00%
    Branson, MO (FHA|USDA|VA) 4 $1,370,000 $342,500 $0 0.00%
    Lebanon, MO (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
    Maryville, MO (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    West Plains, MO (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Bank Of Bolivar's top markets include Springfield, Branson, Lebanon, Maryville, and West Plains among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 215 $26,675,000 $124,070 $0 0.00%

    For 2019, Bank Of Bolivar's most frequently originated type of loan was Conventional, with 215 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 113 $15,725,000 $139,159 $0 0.00%
    Cash Out Refi 41 $6,085,000 $148,415 $0 0.00%
    Other 35 $2,295,000 $65,571 $0 0.00%
    Refi 19 $2,345,000 $123,421 $0 0.00%
    Home Improvement 7 $225,000 $32,143 $0 0.00%

    For 2019, Bank Of Bolivar's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 215 $26,675,000 $124,070 $0 0.00%

    For 2019, Bank Of Bolivar's most frequently cited loan duration was Other, with 215 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 133 $7,115,000 $53,496 $0 0.00%
    $100k-200k 50 $7,050,000 $141,000 $0 0.00%
    $200k-400k 25 $7,105,000 $284,200 $0 0.00%
    $400k-600k 3 $1,305,000 $435,000 $0 0.00%
    $600k-1MM 3 $2,635,000 $878,333 $0 0.00%
    $1MM+ 1 $1,465,000 $1,465,000 $0 0.00%

    2019 saw Bank Of Bolivar place emphasis on $100,000 or less loans with 133 originations, totaling $7,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 47 $3,265,000 $69,468 $0 0.00%
    $50k-75k 30 $2,170,000 $72,333 $0 0.00%
    $100k-150k 21 $2,365,000 $112,619 $0 0.00%
    $75k-100k 17 $2,275,000 $133,824 $0 0.00%
    $150k-250k 16 $3,860,000 $241,250 $0 0.00%
    $250k+ 8 $2,480,000 $310,000 $0 0.00%

    Bank Of Bolivar lent most frequently to those with incomes in the $50k or less range, with 47 originations. The second most popular income band? $50k-75k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 215 $26,675,000 $124,070 $0 0.00%

    Bank Of Bolivar lent most frequently to those with DTI ratios of Exempt%, with 215 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 144 $17,090,000 $118,681 $0 0.00%
    Not applicable 65 $9,035,000 $139,000 $0 0.00%
    Not provided 5 $455,000 $91,000 $0 0.00%
    Black 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.08%

    Bank Of Bolivar has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.42%

    Bank Of Bolivar has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 215 $26,675,000 $124,070

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 17 $4,515,000 $265,588
    Single Family (1-4 Units):Manufactured 36 $1,990,000 $55,278
    Single Family (1-4 Units):Site-Built 162 $20,170,000 $124,506

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 1 7.1%
    BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 2 14.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 42.9%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 7.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Bolivar 2126 West Broadway Bolivar, MO 65613 Full Service B&M $53,493
    Bank of Bolivar 2920 E Chestnut Expressway Springfield, MO 65802 Full Service B&M $25,304
    Bank of Bolivar 1301 West Jefferson Street Marshfield, MO 65706 Full Service B&M $3,945
    Bank of Bolivar 1339 East Republic Road, Suite A Springfield, MO 65804 Full Service B&M $21,460
    Bank of Bolivar 40 North Main Street Fair Grove, MO 65648 Full Service B&M $22,361
    Bank of Bolivar 495 South Springfield Avenue Bolivar, MO 65613 Full Service B&M $155,660

    For 2019, Bank Of Bolivar had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,047
    Net interest income $10,798
    Total noninterest income $1,518
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $455
    Trading account gains and fees $0
    Additional Noninterest Income $1,063
    Pre-tax net operating income $3,066
    Securities gains (or losses, -) $89
    Income before extraordinary items $2,692
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,692
    Minority interest net income $0
    Net income $2,692
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,616

    Bank Of Bolivar's gross interest income from loans was $14,047,000.
    Bank Of Bolivar's net interest income from loans was $10,798,000.
    Bank Of Bolivar's fee based income from loans was $455,000.
    Bank Of Bolivar's net income from loans was $2,692,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,249
    Provision for credit losses $230
    Total noninterest expense $9,020
    Salaries and employee benefits $5,112
    Premises and equipment expense $1,052
    Additional noninterest expense $2,856
    Applicable income taxes $463
    Net charge-offs $96
    Cash dividends $825

    Bank Of Bolivar's interest expense for loans was $3,249,000.
    Bank Of Bolivar's payroll and benefits expense were $5,112,000.
    Bank Of Bolivar's property, plant and equipment expenses $1,052,000.

    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 1.0%
    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 $279,941
    Deposits held in domestic offices $279,941
    Deposits by Individuals, partnerships, and corporations $256,967
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $22,726
    Deposits by Commercial banks and other depository institutions in U.S. $248
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $107,285
    Demand deposits $107,285
    Nontransaction accounts $172,656
    Money market deposit accounts (MMDAs) $40,801
    Other savings deposits (excluding MMDAs) $39,372
    Total time deposits $92,483
    Total time and savings deposits $172,656
    Noninterest-bearing deposits $43,009
    Interest-bearing deposits $236,932
    Retail deposits $260,266
    IRAs and Keogh plan accounts $7,951
    Brokered deposits $6,208
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $309,280
    Cash & Balances due from depository institutions $13,165
    Interest-bearing balances $7,643
    Total securities $26,464
    Federal funds sold & reverse repurchase $0
    Net loans and leases $253,905
    Loan and leases loss allowance $2,725
    Trading account assets $0
    Bank premises and fixed assets $4,794
    Other real estate owned $2,913
    Goodwill and other intangibles $0
    All other assets $8,039

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $309,280
    Total Liabilities $282,378
    Total deposits $279,941
    Interest-bearing deposits $236,932
    Deposits held in domestic offices $279,941
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $1,477
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $960

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $253,905
    Loan and leases loss allowance $2,725
    Total loans and leases (domestic) $256,630
    All real estate loans $216,436
    Real estate loans in domestic offices $216,436
    Construction and development loans $17,023
    Residential 1-4 family construction $12,348
    Other construction, all land development and other land $4,675
    Loans secured by nonfarm nonresidential properties $65,018
    Nonfarm nonresidential secured by owner-occupied properties $38,003
    Commercial real estate & other non-farm, non-residential $27,015
    Multifamily residential real estate $17,781
    1-4 family residential loans $98,577
    Farmland loans $18,037
    Loans held in foreign offices $0
    Farm loans $8,941
    Commercial and industrial loans $18,143
    To non-U.S. addressees $0
    Loans to individuals $10,195
    Credit card loans $0
    Related Plans $2
    Consumer Auto Loans $2,573
    Other loans to individuals $7,620
    All other loans & leases $2,915
    Loans to foreign governments and official institutions $0
    Other loans $2,915
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $85
    Non 1-4 family restructured loans & leases $85
    Total loans and leases (foreign) $0

    Bank of Bolivar had $253,905,000 of loans outstanding in 2019. $216,436,000 of loans were in real estate loans. $17,023,000 of loans were in development loans. $17,781,000 of loans were in multifamily mortgage loans. $98,577,000 of loans were in 1-4 family mortgage loans. $8,941,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,573,000 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 258 $40,792 $158,109
    Nonfarm, nonresidential loans - <$100k 106 $3,798 $35,830
    Nonfarm, nonresidential loans - $100-250k 76 $9,929 $130,645
    Nonfarm, nonresidential loans - $250k-1MM 76 $27,065 $356,118
    Commercial & Industrial, US addressed loans - <$1MM 292 $11,696 $40,055
    Commercial & Industrial, US addressed loans - <$100k 246 $5,007 $20,354
    Commercial & Industrial, US addressed loans - $100-250k 31 $3,270 $105,484
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $3,419 $227,933
    Farmland loans - <$1MM 157 $15,195 $96,783
    Farmland loans - <$100k 81 $3,490 $43,086
    Farmland loans - $100-250k 64 $8,351 $130,484
    Farmland loans - $250k-1MM 12 $3,354 $279,500
    Agriculture operations loans - <$1MM 316 $8,441 $26,712
    Agriculture operations loans - <$100k 292 $4,787 $16,394
    Agriculture operations loans - $100-250k 18 $2,237 $124,278
    Agriculture operations loans - $250k-1MM 6 $1,417 $236,167