Bank Of Weston Mortgage Rates, Fees & Info

Weston, MO

LEI: 549300Y61M2X3WRROA86

Tax ID: 44-0162480

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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 Weston is a smaller bank specializing in Refi and NA loans. Bank Of Weston has a high proportion of conventional loans. Bank Of Weston has an average proportion of conventional loans. Their top two markets are Kansas City and Lawrence .

    Bank Of Weston 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

    11

    Origination Dollar Volume (All Markets)

    $1,885,000

    Employee count

    36

    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
    KANSAS CITY, MO-KS (FHA|USDA|VA) 9 $1,655,000 $183,889 $1,902 6.00%
    LAWRENCE, KS (FHA|USDA|VA) 2 $230,000 $115,000 $0 0.00%
    Bank Of Weston's top markets include Kansas City and Lawrence among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 10 $1,730,000 $173,000 $0 0.00%
    Conventional 1 $155,000 $155,000 $1,902 6.00%

    For 2019, Bank Of Weston's most frequently originated type of loan was Conventional, with 10 originations. Their 2nd most popular type was Conventional, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 6 $640,000 $106,667 $0 0.00%
    NA 4 $1,090,000 $272,500 $0 0.00%
    Cash Out Refi 1 $155,000 $155,000 $1,902 6.00%

    For 2019, Bank Of Weston's most frequently cited loan purpose was Refi, with 6 originations. The 2nd most popular reason was NA, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 10 $1,730,000 $173,000 $0 0.00%
    15 Year 1 $155,000 $155,000 $1,902 6.00%

    For 2019, Bank Of Weston's most frequently cited loan duration was Other, with 10 originations. The 2nd most popular length was 15 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1 $155,000 $155,000

    Bank Of Weston's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1 $155,000 $155,000

    During 2019, Bank Of Weston's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 1 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 4 $220,000 $55,000 $0 0.00%
    $100k-200k 4 $500,000 $125,000 $1,902 6.00%
    $200k-400k 2 $440,000 $220,000 $0 0.00%
    $600k-1MM 1 $725,000 $725,000 $0 0.00%

    2019 saw Bank Of Weston place emphasis on $100,000 or less loans with 4 originations, totaling $220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 1 $155,000 $155,000 $1,902 6.00%

    Bank Of Weston lent most frequently to those with incomes in the $75k-100k range, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 10 $1,730,000 $173,000 $0 0.00%
    43% 1 $155,000 $155,000 $1,902 6.00%

    Bank Of Weston lent most frequently to those with DTI ratios of Exempt%, with 10 originations. The next most common DTI ratio? 43%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 10 $1,730,000 $173,000 $0 0.00%
    White 1 $155,000 $155,000 $1,902 6.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Bank Of Weston 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
    90.91%

    Bank Of Weston has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 10 $1,730,000 $173,000
    NA 1 $155,000 $155,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 11 $1,885,000 $171,364

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    60-80% 1 $155,000 $155,000 $1,902 6.00%

    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 Weston 18255 Highway 45 North Weston, MO 64098 Full Service B&M $56,481
    Bank of Weston 4001 92 Highway Platte City, MO 64079 Full Service B&M $36,947
    Bank of Weston 6363 North Cosby Avenue Kansas City, MO 64151 Full Service B&M $40,677

    For 2019, Bank Of Weston had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,970
    Net interest income $6,215
    Total noninterest income $880
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $211
    Trading account gains and fees $0
    Additional Noninterest Income $669
    Pre-tax net operating income $2,494
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,490
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,490
    Minority interest net income $0
    Net income $2,490
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,490

    Bank Of Weston's gross interest income from loans was $6,970,000.
    Bank Of Weston's net interest income from loans was $6,215,000.
    Bank Of Weston's fee based income from loans was $211,000.
    Bank Of Weston's net income from loans was $2,490,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $755
    Provision for credit losses $1
    Total noninterest expense $4,600
    Salaries and employee benefits $2,524
    Premises and equipment expense $564
    Additional noninterest expense $1,512
    Applicable income taxes $4
    Net charge-offs $0
    Cash dividends $1,584

    Bank Of Weston's interest expense for loans was $755,000.
    Bank Of Weston's payroll and benefits expense were $2,524,000.
    Bank Of Weston's property, plant and equipment expenses $564,000.

    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 0.0%
    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 $136,144
    Deposits held in domestic offices $136,144
    Deposits by Individuals, partnerships, and corporations $119,111
    Deposits by U.S. Government $4
    Deposits by States and political subdivisions in the U.S. $17,029
    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 $71,865
    Demand deposits $34,233
    Nontransaction accounts $64,279
    Money market deposit accounts (MMDAs) $15,811
    Other savings deposits (excluding MMDAs) $18,154
    Total time deposits $30,314
    Total time and savings deposits $101,911
    Noninterest-bearing deposits $34,233
    Interest-bearing deposits $101,911
    Retail deposits $131,445
    IRAs and Keogh plan accounts $2,706
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $149,639
    Cash & Balances due from depository institutions $8,965
    Interest-bearing balances $5,625
    Total securities $17,486
    Federal funds sold & reverse repurchase $4,307
    Net loans and leases $112,564
    Loan and leases loss allowance $1,316
    Trading account assets $0
    Bank premises and fixed assets $4,218
    Other real estate owned $1,053
    Goodwill and other intangibles $0
    All other assets $1,046

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $149,639
    Total Liabilities $136,544
    Total deposits $136,144
    Interest-bearing deposits $101,911
    Deposits held in domestic offices $136,144
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $400

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $112,564
    Loan and leases loss allowance $1,316
    Total loans and leases (domestic) $113,880
    All real estate loans $99,354
    Real estate loans in domestic offices $99,354
    Construction and development loans $15,424
    Residential 1-4 family construction $5,335
    Other construction, all land development and other land $10,089
    Loans secured by nonfarm nonresidential properties $42,991
    Nonfarm nonresidential secured by owner-occupied properties $15,082
    Commercial real estate & other non-farm, non-residential $27,909
    Multifamily residential real estate $2,876
    1-4 family residential loans $28,684
    Farmland loans $9,379
    Loans held in foreign offices $0
    Farm loans $1,807
    Commercial and industrial loans $10,500
    To non-U.S. addressees $0
    Loans to individuals $1,237
    Credit card loans $0
    Related Plans $2
    Consumer Auto Loans $309
    Other loans to individuals $926
    All other loans & leases $1,123
    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 $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $603
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Bank of Weston had $112,564,000 of loans outstanding in 2019. $99,354,000 of loans were in real estate loans. $15,424,000 of loans were in development loans. $2,876,000 of loans were in multifamily mortgage loans. $28,684,000 of loans were in 1-4 family mortgage loans. $1,807,000 of loans were in farm loans. $0 of loans were in credit card loans. $309,000 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 79 $20,428 $258,582
    Nonfarm, nonresidential loans - <$100k 10 $394 $39,400
    Nonfarm, nonresidential loans - $100-250k 28 $3,390 $121,071
    Nonfarm, nonresidential loans - $250k-1MM 41 $16,644 $405,951
    Commercial & Industrial, US addressed loans - <$1MM 125 $10,500 $84,000
    Commercial & Industrial, US addressed loans - <$100k 88 $2,239 $25,443
    Commercial & Industrial, US addressed loans - $100-250k 20 $2,768 $138,400
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $5,493 $323,118
    Farmland loans - <$1MM 22 $3,046 $138,455
    Farmland loans - <$100k 3 $59 $19,667
    Farmland loans - $100-250k 12 $1,209 $100,750
    Farmland loans - $250k-1MM 7 $1,778 $254,000
    Agriculture operations loans - <$1MM 25 $689 $27,560
    Agriculture operations loans - <$100k 22 $388 $17,636
    Agriculture operations loans - $100-250k 3 $301 $100,333