Central Bank Of St. Louis Mortgage Rates, Fees & Info
Clayton, MOLEI: 549300ZQKLX5VHD8E865
Tax ID: 43-0219515
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Mortgage Data
Bank Data
Review & Overview
Central Bank Of St. Louis is a smaller bank specializing in Home Purchase and Refi loans. Central Bank Of St. Louis has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Nashville, Denver, North Port, and Kansas City among others. We have data for 43 markets. (Some data included below & more in-depth data is available with an active subscription.)Central Bank Of St. Louis 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 St. Louis 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.
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Originations
1,207Origination Dollar Volume (All Markets)
$311,295,000Employee count
235Awards
CENTRAL BANK OF ST. LOUIS - 2019
CENTRAL BANK OF ST. LOUIS is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1,050 | $264,790,000 | $252,181 | $3,094 | 4.15% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 84 | $27,830,000 | $331,310 | $7,142 | 3.66% |
| Outside of Metro Areas | 13 | $2,515,000 | $193,462 | $2,923 | 4.14% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $2,644 | 4.08% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $3,975 | 4.38% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $1,882 | 4.38% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $4,520 | 3.94% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,423 | 3.96% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $4,223 | 4.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $5,255 | 3.63% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $2,577 | 3.56% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,198 | 3.75% |
| Heber, UT (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 4.25% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,946 | 3.50% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,452 | 3.50% |
| Kirksville, MO (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $2,330 | 4.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,793 | 4.00% |
| Oxford, MS (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,845 | 4.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,480 | 3.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,658 | 4.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,017 | 3.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,136 | 3.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 5.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,517 | 4.25% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,401 | 4.94% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,570 | 3.88% |
| Fairmont, MN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,710 | 3.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,220 | 3.88% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,451 | 3.88% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,435 | 4.00% |
| Rolla, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,367 | 3.75% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,468 | 3.63% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,300 | 3.88% |
| Harrison, AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,216 | 4.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,380 | 4.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,768 | 3.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,015 | 3.25% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,536 | 5.63% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,072 | 4.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,849 | 3.88% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,035 | 4.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,839 | 3.63% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,969 | 4.38% |
Similar Lenders
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Product Mix
For 2019, Central Bank Of St. Louis's most frequently originated type of loan was Conventional, with 1,053 originations. Their 2nd most popular type was FHA, with 96 originations.
Loan Reason
For 2019, Central Bank Of St. Louis's most frequently cited loan purpose was Home Purchase, with 778 originations. The 2nd most popular reason was Refi, with 295 originations.
Loan Duration/Length
For 2019, Central Bank Of St. Louis's most frequently cited loan duration was 30 Year, with 952 originations. The 2nd most popular length was 15 Year, with 128 originations.
Origination Fees/Closing Costs
Central Bank Of St. Louis's average total fees were $3,675, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 828 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 672 | $194,940,000 | $290,089 |
| 4-5% | 427 | $98,505,000 | $230,691 |
| 5-6% | 94 | $13,770,000 | $146,489 |
| 2.5-3% | 8 | $3,480,000 | $435,000 |
| 6-7% | 6 | $600,000 | $100,000 |
During 2019, Central Bank Of St. Louis's average interest rate for loans was 4.12%, while their most frequently originated rate bucket for loans was 3-4%, with 672 originations.
Loan Sizing
2019 saw Central Bank Of St. Louis place emphasis on $200k-400k loans with 507 originations, totaling $143,415,000 in origination value.
Applicant Income
Central Bank Of St. Louis lent most frequently to those with incomes in the $100k-150k range, with 289 originations. The second most popular income band? $150k-250k, with 218 originations.
Applicant Debt to Income Ratio
Central Bank Of St. Louis lent most frequently to those with DTI ratios of 20-30%, with 311 originations. The next most common DTI ratio? 30-36%, with 218 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.01%
Central Bank Of St. Louis has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination82.85%
Central Bank Of St. Louis has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,207 | $311,295,000 | $257,908 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CENTERSTATE BANK CORPORATION | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| CENTERSTATE BANK CORPORATION | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| CENTRAL BANK OF ST. LOUIS | 10704 West Florissant Avenue Saint Louis, MO 63136 | Full Service B&M | $4,541 |
| CENTRAL BANK OF ST. LOUIS | 12224 Tesson Ferry Road Saint Louis, MO 63128 | Full Service B&M | $62,514 |
| CENTRAL BANK OF ST. LOUIS | 12230 Manchester Road Des Peres, MO 63131 | Full Service B&M | $243,284 |
| CENTRAL BANK OF ST. LOUIS | 16415 Village Plaza View Drive Wildwood, MO 63011 | Full Service B&M | $50,634 |
| CENTRAL BANK OF ST. LOUIS | 1700 Clarkson Road Chesterfield, MO 63017 | Full Service B&M | $152,486 |
| CENTRAL BANK OF ST. LOUIS | 2116 Nelwood Drive Columbia, MO 65202 | Full Service Cyber Office | $3,820 |
| CENTRAL BANK OF ST. LOUIS | 285 Southwoods Ctr Columbia, IL 62236 | Full Service B&M | $11,773 |
| CENTRAL BANK OF ST. LOUIS | 2996 Highway K O Fallon, MO 63368 | Full Service B&M | $49,426 |
| CENTRAL BANK OF ST. LOUIS | 3 East Washington Street Millstadt, IL 62260 | Full Service B&M | $59,230 |
| CENTRAL BANK OF ST. LOUIS | 321 S Main O Fallon, MO 63366 | Full Service B&M | $19,595 |
| CENTRAL BANK OF ST. LOUIS | 350 Hartman Lane O Fallon, IL 62269 | Full Service B&M | $15,953 |
| CENTRAL BANK OF ST. LOUIS | 3700 New Town Blvd Saint Charles, MO 63301 | Full Service B&M | $51,622 |
| CENTRAL BANK OF ST. LOUIS | 669 North New Ballas Road Creve Coeur, MO 63141 | Full Service B&M | $88,205 |
| CENTRAL BANK OF ST. LOUIS | 7707 Forsyth Boulevard Clayton, MO 63105 | Full Service B&M | $351,956 |
| CENTRAL BANK OF ST. LOUIS | 800 O Fallon Road Weldon Spring, MO 63304 | Full Service B&M | $21,439 |
| CENTRAL BANK OF ST. LOUIS | 9645 Clayton Road Saint Louis, MO 63124 | Full Service B&M | $151,172 |
For 2019, Central Bank Of St. Louis had 16 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $80,932 |
| Net interest income | $65,479 |
| Total noninterest income | $18,817 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $4,156 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $14,661 |
| Pre-tax net operating income | $39,531 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $33,357 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $33,357 |
| Minority interest net income | $0 |
| Net income | $33,357 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $33,357 |
Central Bank Of St. Louis's gross interest income from loans was $80,932,000.
Central Bank Of St. Louis's net interest income from loans was $65,479,000.
Central Bank Of St. Louis's fee based income from loans was $4,156,000.
Central Bank Of St. Louis's net income from loans was $33,357,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $15,453 |
| Provision for credit losses | $656 |
| Total noninterest expense | $44,109 |
| Salaries and employee benefits | $25,239 |
| Premises and equipment expense | $3,751 |
| Additional noninterest expense | $15,119 |
| Applicable income taxes | $6,174 |
| Net charge-offs | $-50 |
| Cash dividends | $30,000 |
Central Bank Of St. Louis's interest expense for loans was $15,453,000.
Central Bank Of St. Louis's payroll and benefits expense were $25,239,000.
Central Bank Of St. Louis's property, plant and equipment expenses $3,751,000.
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 | 2.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.7% |
| 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 | $1,410,918 |
| Deposits held in domestic offices | $1,410,918 |
| Deposits by Individuals, partnerships, and corporations | $1,207,295 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $193,941 |
| Deposits by Commercial banks and other depository institutions in U.S. | $9,682 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $124,288 |
| Demand deposits | $100,587 |
| Nontransaction accounts | $1,286,630 |
| Money market deposit accounts (MMDAs) | $1,069,071 |
| Other savings deposits (excluding MMDAs) | $75,180 |
| Total time deposits | $142,379 |
| Total time and savings deposits | $1,310,331 |
| Noninterest-bearing deposits | $401,436 |
| Interest-bearing deposits | $1,009,482 |
| Retail deposits | $1,370,723 |
| IRAs and Keogh plan accounts | $16,242 |
| Brokered deposits | $10,400 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,978,831 |
| Cash & Balances due from depository institutions | $65,715 |
| Interest-bearing balances | $45,851 |
| Total securities | $199,137 |
| Federal funds sold & reverse repurchase | $61,258 |
| Net loans and leases | $1,539,555 |
| Loan and leases loss allowance | $22,649 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $39,018 |
| Other real estate owned | $371 |
| Goodwill and other intangibles | $39,824 |
| All other assets | $33,953 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,978,831 |
| Total Liabilities | $1,748,927 |
| Total deposits | $1,410,918 |
| Interest-bearing deposits | $1,009,482 |
| Deposits held in domestic offices | $1,410,918 |
| % insured (estimated) | $71 |
| Federal funds purchased and repurchase agreements | $205,234 |
| Trading liabilities | $0 |
| Other borrowed funds | $78,481 |
| Subordinated debt | $0 |
| All other liabilities | $54,294 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,539,555 |
| Loan and leases loss allowance | $22,649 |
| Total loans and leases (domestic) | $1,562,204 |
| All real estate loans | $1,083,310 |
| Real estate loans in domestic offices | $1,083,310 |
| Construction and development loans | $100,048 |
| Residential 1-4 family construction | $40,461 |
| Other construction, all land development and other land | $59,587 |
| Loans secured by nonfarm nonresidential properties | $614,595 |
| Nonfarm nonresidential secured by owner-occupied properties | $149,390 |
| Commercial real estate & other non-farm, non-residential | $465,205 |
| Multifamily residential real estate | $91,482 |
| 1-4 family residential loans | $265,474 |
| Farmland loans | $11,711 |
| Loans held in foreign offices | $0 |
| Farm loans | $785 |
| Commercial and industrial loans | $256,909 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $19,302 |
| Credit card loans | $8,299 |
| Related Plans | $7,234 |
| Consumer Auto Loans | $580 |
| Other loans to individuals | $3,189 |
| All other loans & leases | $203,725 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $43,002 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $12,170 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $738 |
| Non 1-4 family restructured loans & leases | $118 |
| Total loans and leases (foreign) | $0 |
CENTRAL BANK OF ST. LOUIS had $1,539,555,000 of loans outstanding in 2019. $1,083,310,000 of loans were in real estate loans. $100,048,000 of loans were in development loans. $91,482,000 of loans were in multifamily mortgage loans. $265,474,000 of loans were in 1-4 family mortgage loans. $785,000 of loans were in farm loans. $8,299,000 of loans were in credit card loans. $580,000 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 | 408 | $97,861 | $239,855 |
| Nonfarm, nonresidential loans - <$100k | 74 | $2,935 | $39,662 |
| Nonfarm, nonresidential loans - $100-250k | 114 | $14,224 | $124,772 |
| Nonfarm, nonresidential loans - $250k-1MM | 220 | $80,702 | $366,827 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,984 | $75,989 | $38,301 |
| Commercial & Industrial, US addressed loans - <$100k | 1,646 | $14,845 | $9,019 |
| Commercial & Industrial, US addressed loans - $100-250k | 153 | $14,303 | $93,484 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 185 | $46,841 | $253,195 |
| Farmland loans - <$1MM | 17 | $2,677 | $157,471 |
| Farmland loans - <$100k | 2 | $14 | $7,000 |
| Farmland loans - $100-250k | 9 | $1,290 | $143,333 |
| Farmland loans - $250k-1MM | 6 | $1,373 | $228,833 |
| Agriculture operations loans - <$1MM | 1 | $164 | $164,000 |
| Agriculture operations loans - $100-250k | 1 | $164 | $164,000 |