Bank Of Weston Mortgage Rates, Fees & Info

Weston, MO

LEI: 549300Y61M2X3WRROA86

Tax ID: 44-0162480

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
  • 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 NA and Refi loans. Bank Of Weston has a high proportion of conventional loans. Their top (well, only) market is Kansas City.

    Bank Of Weston has an above average approval rate when compared to the average across all 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

    23

    Origination Dollar Volume (All Markets)

    $5,445,000

    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) 23 $5,445,000 $236,739 $0 0.00%
    Bank Of Weston's top markets include and Kansas City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 23 $5,445,000 $236,739 $0 0.00%

    For 2020, Bank Of Weston's most frequently originated type of loan was Conventional, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    NA 13 $3,505,000 $269,615 $0 0.00%
    Refi 9 $1,915,000 $212,778 $0 0.00%
    Home Purchase 1 $25,000 $25,000 $0 0.00%

    For 2020, Bank Of Weston's most frequently cited loan purpose was NA, with 13 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 23 $5,445,000 $236,739 $0 0.00%

    For 2020, Bank Of Weston's most frequently cited loan duration was Other, with 23 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 10 $540,000 $54,000 $0 0.00%
    $100k-200k 6 $930,000 $155,000 $0 0.00%
    $200k-400k 3 $835,000 $278,333 $0 0.00%
    $600k-1MM 2 $1,590,000 $795,000 $0 0.00%
    $1MM+ 1 $1,065,000 $1,065,000 $0 0.00%
    $400k-600k 1 $485,000 $485,000 $0 0.00%

    2020 saw Bank Of Weston place emphasis on $100,000 or less loans with 10 originations, totaling $540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 1 $25,000 $25,000 $0 0.00%

    Bank Of Weston lent most frequently to those with incomes in the $250k+ range, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 23 $5,445,000 $236,739 $0 0.00%

    Bank Of Weston lent most frequently to those with DTI ratios of Exempt%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 22 $5,420,000 $246,364 $0 0.00%
    White 1 $25,000 $25,000 $0 0.00%

    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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 23 $5,445,000 $236,739

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,340,000 $670,000
    Single Family (1-4 Units):Site-Built 21 $4,105,000 $195,476

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Incorrect information on your report 1 3.8%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 2 7.7%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 4 15.4%
    BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 2 7.7%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.8%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 6 23.1%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 3.8%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 2 7.7%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 4 15.4%
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 7.7%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 3.8%

    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 $62,608
    Bank of Weston 4001 92 Highway Platte City, MO 64079 Full Service B&M $51,086
    Bank of Weston 6363 North Cosby Avenue Kansas City, MO 64151 Full Service B&M $45,102

    For 2020, Bank Of Weston had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,753
    Net interest income $6,062
    Total noninterest income $793
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $159
    Trading account gains and fees $0
    Additional Noninterest Income $634
    Pre-tax net operating income $1,703
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,707
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,707
    Minority interest net income $0
    Net income $1,707
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,707

    Bank Of Weston's gross interest income from loans was $6,753,000.
    Bank Of Weston's net interest income from loans was $6,062,000.
    Bank Of Weston's fee based income from loans was $159,000.
    Bank Of Weston's net income from loans was $1,707,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $691
    Provision for credit losses $390
    Total noninterest expense $4,762
    Salaries and employee benefits $2,646
    Premises and equipment expense $585
    Additional noninterest expense $1,531
    Applicable income taxes $-4
    Net charge-offs $178
    Cash dividends $1,320

    Bank Of Weston's interest expense for loans was $691,000.
    Bank Of Weston's payroll and benefits expense were $2,646,000.
    Bank Of Weston's property, plant and equipment expenses $585,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 7.0%
    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 $157,360
    Deposits held in domestic offices $157,360
    Deposits by Individuals, partnerships, and corporations $139,583
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $17,776
    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 $84,208
    Demand deposits $42,747
    Nontransaction accounts $73,152
    Money market deposit accounts (MMDAs) $18,294
    Other savings deposits (excluding MMDAs) $21,159
    Total time deposits $33,698
    Total time and savings deposits $114,613
    Noninterest-bearing deposits $42,747
    Interest-bearing deposits $114,613
    Retail deposits $151,620
    IRAs and Keogh plan accounts $3,297
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $171,342
    Cash & Balances due from depository institutions $14,139
    Interest-bearing balances $12,401
    Total securities $36,316
    Federal funds sold & reverse repurchase $6,103
    Net loans and leases $108,915
    Loan and leases loss allowance $1,528
    Trading account assets $0
    Bank premises and fixed assets $3,786
    Other real estate owned $1,053
    Goodwill and other intangibles $0
    All other assets $1,030

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $171,342
    Total Liabilities $157,698
    Total deposits $157,360
    Interest-bearing deposits $114,613
    Deposits held in domestic offices $157,360
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $338

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $108,915
    Loan and leases loss allowance $1,528
    Total loans and leases (domestic) $110,443
    All real estate loans $93,314
    Real estate loans in domestic offices $93,314
    Construction and development loans $14,662
    Residential 1-4 family construction $4,739
    Other construction, all land development and other land $9,923
    Loans secured by nonfarm nonresidential properties $38,616
    Nonfarm nonresidential secured by owner-occupied properties $14,052
    Commercial real estate & other non-farm, non-residential $24,564
    Multifamily residential real estate $1,760
    1-4 family residential loans $28,434
    Farmland loans $9,842
    Loans held in foreign offices $0
    Farm loans $1,545
    Commercial and industrial loans $14,512
    To non-U.S. addressees $0
    Loans to individuals $878
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $243
    Other loans to individuals $635
    All other loans & leases $341
    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 $413
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Bank of Weston had $108,915,000 of loans outstanding in 2020. $93,314,000 of loans were in real estate loans. $14,662,000 of loans were in development loans. $1,760,000 of loans were in multifamily mortgage loans. $28,434,000 of loans were in 1-4 family mortgage loans. $1,545,000 of loans were in farm loans. $0 of loans were in credit card loans. $243,000 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 66 $17,689 $268,015
    Nonfarm, nonresidential loans - <$100k 6 $164 $27,333
    Nonfarm, nonresidential loans - $100-250k 23 $2,442 $106,174
    Nonfarm, nonresidential loans - $250k-1MM 37 $15,083 $407,649
    Commercial & Industrial, US addressed loans - <$1MM 127 $8,783 $69,157
    Commercial & Industrial, US addressed loans - <$100k 95 $2,105 $22,158
    Commercial & Industrial, US addressed loans - $100-250k 18 $2,342 $130,111
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $4,336 $309,714
    Farmland loans - <$1MM 30 $3,837 $127,900
    Farmland loans - <$100k 8 $317 $39,625
    Farmland loans - $100-250k 16 $1,939 $121,188
    Farmland loans - $250k-1MM 6 $1,581 $263,500
    Agriculture operations loans - <$1MM 24 $670 $27,917
    Agriculture operations loans - <$100k 22 $297 $13,500
    Agriculture operations loans - $100-250k 1 $140 $140,000
    Agriculture operations loans - $250k-1MM 1 $233 $233,000