Homestreet Bank Mortgage Rates, Fees & Info

Seattle, WA

LEI: 01KWVG908KE7RKPTNP46

Tax ID: 91-1299114

3.9 stars - out of 5 stars, based on 82 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Homestreet Bank is a mid-sized bank specializing in Refi and Home Purchase loans. Homestreet Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Seattle, Los Angeles, Portland, Spokane, and Olympia among others. Homestreet Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Homestreet Bank is typically a high fee lendor.


Originations

6,781

Origination Dollar Volume (All Markets)

$4,414,675,000

Employee count

966 Show all (9) awards

Relative Rate

Homestreet Bank's average 30 year fixed rate mortgage of loans were 3.06%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.09%.

Relative Fees

Homestreet Bank's average total fees for a 30 year fixed rate mortgage are $6,083.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3,200 $1,474,800,000 $460,875 $5,610 3.20%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 371 $1,050,435,000 $2,831,361 $7,741 3.36%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1,110 $513,050,000 $462,207 $5,632 3.11%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 244 $121,340,000 $497,295 $5,355 3.17%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 175 $107,695,000 $615,400 $5,002 3.18%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 216 $98,990,000 $458,287 $6,443 3.16%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 93 $94,095,000 $1,011,774 $6,359 3.26%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 64 $79,490,000 $1,242,031 $6,912 3.66%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 41 $51,195,000 $1,248,659 $10,706 3.47%
WENATCHEE, WA (FHA|USDA|VA) 78 $49,320,000 $632,308 $5,833 3.31%
SALEM, OR (FHA|USDA|VA) 65 $41,555,000 $639,308 $6,397 3.00%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 24 $40,770,000 $1,698,750 $4,553 3.26%
URBAN HONOLULU, HI (FHA|USDA|VA) 108 $36,610,000 $338,981 $9,827 2.60%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 50 $34,510,000 $690,200 $4,726 3.16%
Outside of Metro Areas 24 $32,160,000 $1,340,000 $6,078 3.59%
Ellensburg, WA (FHA|USDA|VA) 39 $29,715,000 $761,923 $7,272 3.32%
BEND, OR (FHA|USDA|VA) 29 $29,575,000 $1,019,828 $4,860 3.09%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 13 $27,935,000 $2,148,846 $8,271 3.17%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 16 $26,070,000 $1,629,375 $5,022 3.39%
LONGVIEW, WA (FHA|USDA|VA) 56 $24,610,000 $439,464 $5,384 3.11%
Outside of Metro Areas 87 $23,675,000 $272,126 $5,302 3.17%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $22,830,000 $3,805,000 $3,568 3.08%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $21,760,000 $10,880,000 $0 3.23%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 78 $20,800,000 $266,667 $5,211 3.25%
Oak Harbor, WA (FHA|USDA|VA) 40 $17,190,000 $429,750 $5,929 3.00%
Kalispell, MT (FHA|USDA|VA) 1 $16,445,000 $16,445,000 $0 3.52%
GREELEY, CO (FHA|USDA|VA) 3 $16,335,000 $5,445,000 $4,073 3.08%
Hermiston-Pendleton, OR (FHA|USDA|VA) 68 $16,180,000 $237,941 $6,243 2.97%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 7 $13,085,000 $1,869,286 $6,258 3.07%
FORT COLLINS, CO (FHA|USDA|VA) 1 $12,805,000 $12,805,000 $0 3.30%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $12,015,000 $4,005,000 $5,771 2.98%
Newport, OR (FHA|USDA|VA) 8 $11,620,000 $1,452,500 $5,598 3.24%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $11,270,000 $5,635,000 $3,556 3.00%
Aberdeen, WA (FHA|USDA|VA) 36 $11,140,000 $309,444 $4,988 3.04%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $11,125,000 $11,125,000 $0 2.94%
MISSOULA, MT (FHA|USDA|VA) 3 $10,405,000 $3,468,333 $0 3.67%
Helena, MT (FHA|USDA|VA) 1 $10,045,000 $10,045,000 $0 3.44%
TUCSON, AZ (FHA|USDA|VA) 9 $9,855,000 $1,095,000 $3,903 3.29%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 27 $9,135,000 $338,333 $5,274 3.37%
BOISE CITY, ID (FHA|USDA|VA) 22 $8,960,000 $407,273 $6,393 3.01%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 7 $8,405,000 $1,200,714 $6,662 3.19%
Shelton, WA (FHA|USDA|VA) 32 $8,240,000 $257,500 $5,360 3.18%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $7,860,000 $3,930,000 $0 3.15%
BELLINGHAM, WA (FHA|USDA|VA) 22 $7,690,000 $349,545 $4,533 3.12%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $7,205,000 $7,205,000 $0 3.40%
MODESTO, CA (FHA|USDA|VA) 1 $7,195,000 $7,195,000 $0 3.65%
GRANTS PASS, OR (FHA|USDA|VA) 4 $6,960,000 $1,740,000 $6,562 2.65%
Hilo, HI (FHA|USDA|VA) 29 $6,915,000 $238,448 $6,130 3.02%
Centralia, WA (FHA|USDA|VA) 20 $6,910,000 $345,500 $6,349 2.95%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 22 $6,150,000 $279,545 $6,942 2.68%
YAKIMA, WA (FHA|USDA|VA) 28 $6,120,000 $218,571 $5,503 3.58%
AMARILLO, TX (FHA|USDA|VA) 1 $6,005,000 $6,005,000 $0 3.75%
MEDFORD, OR (FHA|USDA|VA) 5 $4,335,000 $867,000 $4,116 3.02%
Ukiah, CA (FHA|USDA|VA) 1 $4,315,000 $4,315,000 $0 3.45%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $3,905,000 $3,905,000 $0 3.55%
VALLEJO, CA (FHA|USDA|VA) 11 $3,805,000 $345,909 $5,810 3.57%
MADERA, CA (FHA|USDA|VA) 6 $3,620,000 $603,333 $3,374 2.87%
Moses Lake, WA (FHA|USDA|VA) 12 $3,310,000 $275,833 $4,244 3.04%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $3,295,000 $3,295,000 $0 3.67%
VISALIA, CA (FHA|USDA|VA) 1 $2,725,000 $2,725,000 $0 3.45%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $2,660,000 $1,330,000 $6,433 3.19%
Sandpoint, ID (FHA|USDA|VA) 5 $2,445,000 $489,000 $5,840 2.88%
SALINAS, CA (FHA|USDA|VA) 3 $2,435,000 $811,667 $3,923 3.55%
NAPA, CA (FHA|USDA|VA) 7 $2,355,000 $336,429 $5,484 4.13%
Port Angeles, WA (FHA|USDA|VA) 8 $2,350,000 $293,750 $5,476 3.12%
STOCKTON, CA (FHA|USDA|VA) 3 $2,315,000 $771,667 $13,272 3.42%
BAKERSFIELD, CA (FHA|USDA|VA) 12 $2,220,000 $185,000 $3,641 3.26%
Klamath Falls, OR (FHA|USDA|VA) 12 $2,200,000 $183,333 $4,828 3.04%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $2,175,000 $725,000 $13,085 2.96%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 6 $2,000,000 $333,333 $6,746 3.33%
Roseburg, OR (FHA|USDA|VA) 6 $1,750,000 $291,667 $5,635 3.15%
WALLA WALLA, WA (FHA|USDA|VA) 6 $1,700,000 $283,333 $5,018 2.73%
Hailey, ID (FHA|USDA|VA) 3 $1,575,000 $525,000 $10,010 3.36%
Moscow, ID (FHA|USDA|VA) 6 $1,540,000 $256,667 $5,454 3.04%
CHICO, CA (FHA|USDA|VA) 5 $1,535,000 $307,000 $4,666 3.71%
Pullman, WA (FHA|USDA|VA) 6 $1,450,000 $241,667 $4,052 2.94%
BOULDER, CO (FHA|USDA|VA) 3 $1,435,000 $478,333 $9,003 2.92%
ALBANY-LEBANON, OR (FHA|USDA|VA) 4 $1,420,000 $355,000 $3,804 2.84%
LEWISTON, ID-WA (FHA|USDA|VA) 6 $1,320,000 $220,000 $8,551 2.85%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $1,275,000 $425,000 $7,735 3.25%
Prineville, OR (FHA|USDA|VA) 3 $1,225,000 $408,333 $8,522 3.17%
Astoria, OR (FHA|USDA|VA) 4 $1,190,000 $297,500 $5,402 2.63%
Brookings, OR (FHA|USDA|VA) 3 $755,000 $251,667 $6,301 2.83%
Kapaa, HI (FHA|USDA|VA) 2 $690,000 $345,000 $12,108 2.25%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $675,000 $225,000 $3,285 2.96%
TWIN FALLS, ID (FHA|USDA|VA) 2 $640,000 $320,000 $6,613 2.69%
FRESNO, CA (FHA|USDA|VA) 4 $640,000 $160,000 $4,510 3.67%
Hood River, OR (FHA|USDA|VA) 3 $615,000 $205,000 $5,276 3.54%
The Dalles, OR (FHA|USDA|VA) 3 $575,000 $191,667 $4,382 2.96%
CORVALLIS, OR (FHA|USDA|VA) 2 $560,000 $280,000 $3,929 3.13%
Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $560,000 $280,000 $2,807 2.75%
Coos Bay, OR (FHA|USDA|VA) 2 $560,000 $280,000 $4,355 3.19%
YUBA CITY, CA (FHA|USDA|VA) 1 $485,000 $485,000 $3,646 2.38%
Ontario, OR-ID (FHA|USDA|VA) 2 $470,000 $235,000 $9,293 2.88%
RENO, NV (FHA|USDA|VA) 2 $280,000 $140,000 $3,101 3.25%
MERCED, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,253 3.00%
La Grande, OR (FHA|USDA|VA) 1 $195,000 $195,000 $7,497 2.63%
Breckenridge, CO (FHA|USDA|VA) 1 $175,000 $175,000 $3,786 3.13%
Winnemucca, NV (FHA|USDA|VA) 1 $155,000 $155,000 $3,286 2.38%
ANCHORAGE, AK (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.88%
Clearlake, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.50%

Homestreet Bank's top markets include Seattle, Los Angeles, Portland, Spokane, and Olympia among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 6,092 $4,167,360,000 $684,071 $5,271 3.24%
VA 360 $140,000,000 $388,889 $7,620 2.62%
FHA 322 $105,400,000 $327,329 $11,354 2.75%
USDA 7 $1,915,000 $273,571 $6,999 2.86%

For the 2021 period, Homestreet Bank's most frequently originated loan type of loans were Conventional, with 6,092 originations. Their 2nd most popular type is VA, with 360 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 2,405 $1,942,235,000 $807,582 $4,582 2.90%
Home Purchase 2,136 $1,825,820,000 $854,785 $7,190 3.10%
Cash Out Refi 1,500 $493,470,000 $328,980 $5,693 3.14%
Home Improvement 398 $75,330,000 $189,271 $5,773 4.40%
Other 342 $77,820,000 $227,544 $5,894 4.43%

For the 2021, Homestreet Bank's most frequently cited loan purpose of loans were Refi, with 2,405 originations. The 2nd most popular reason of loans were Home Purchase, with 2,136 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 4,913 $3,254,485,000 $662,423 $6,083 3.06%
Other 858 $369,710,000 $430,897 $3,267 4.52%
15 Year 715 $483,775,000 $676,608 $4,500 2.48%
20 Year 247 $69,465,000 $281,235 $3,989 3.01%
10 Year 41 $221,275,000 $5,396,951 $3,072 3.11%
30+ year 5 $2,555,000 $511,000 $14,213 2.53%
5 Year 2 $13,410,000 $6,705,000 $0 3.42%

For the 2021, Homestreet Bank's most frequently cited loan length of loans were 30 Year, with 4,913 originations. The 2nd most popular length of loans were Other, with 858 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 2,788 $1,136,680,000 $407,704
$3k-4k 919 $370,045,000 $402,661
$2k-3k 765 $274,465,000 $358,778
$5k+ 754 $432,440,000 $573,528
$<1k 122 $34,300,000 $281,148

$6,083 of loans were Homestreet Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 2,788 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 2,826 $1,164,310,000 $411,999
3-4% 2,384 $2,792,360,000 $1,171,292
<2.5% 768 $234,000,000 $304,688
4-5% 660 $201,000,000 $304,545
5-6% 127 $22,165,000 $174,528
6-7% 16 $840,000 $52,500

During 2021, Homestreet Bank's average interest rate of loans were 3.06%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,826 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,702 $787,240,000 $291,355 $5,110 3.08%
$400k-600k 1,471 $713,195,000 $484,837 $6,444 3.02%
$100k-200k 1,027 $156,835,000 $152,712 $3,886 3.27%
$600k-1MM 723 $530,945,000 $734,364 $7,683 3.14%
$1MM+ 538 $2,205,620,000 $4,099,665 $10,281 3.30%
$100,000 or less 320 $20,840,000 $65,125 $3,225 4.31%

2021 saw Homestreet Bank place emphasis on $200k-400k loans with 2,702 originations, totaling $787,240,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 1,531 $571,305,000 $373,158 $5,829 3.20%
$150k-250k 1,352 $636,120,000 $470,503 $6,488 3.27%
$75k-100k 1,101 $338,365,000 $307,325 $5,495 3.15%
$50k-75k 1,057 $269,945,000 $255,388 $5,205 3.06%
$250k+ 757 $532,555,000 $703,507 $7,289 3.36%
$50k or less 401 $71,565,000 $178,466 $4,498 2.99%

Homestreet Bank lent most frequently to those with incomes in the $100k-150k range, with 1,531 originations. The second most popular income band? $150k-250k, with 1,352 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,402 $527,740,000 $376,419 $5,309 3.10%
30-36% 1,193 $470,655,000 $394,514 $5,823 3.18%
<20% 566 $186,040,000 $328,693 $4,462 3.15%
44% 298 $104,680,000 $351,275 $6,309 3.43%
43% 293 $108,895,000 $371,655 $6,443 3.26%
42% 272 $110,350,000 $405,699 $6,053 3.17%
40% 261 $105,505,000 $404,234 $6,048 3.23%
41% 258 $111,790,000 $433,295 $5,720 3.29%
39% 252 $104,570,000 $414,960 $5,884 3.27%
38% 227 $93,995,000 $414,075 $6,137 3.22%
36% 218 $91,440,000 $419,450 $6,335 3.18%
37% 210 $85,470,000 $407,000 $5,823 3.22%
45% 181 $68,785,000 $380,028 $6,320 3.32%
46% 173 $77,845,000 $449,971 $6,566 3.23%
49% 151 $55,605,000 $368,245 $6,162 3.24%
47% 140 $60,210,000 $430,071 $5,923 3.19%
48% 126 $52,530,000 $416,905 $6,647 3.10%
50-60% 89 $38,185,000 $429,045 $11,709 2.98%
>60% 3 $1,845,000 $615,000 $9,547 2.75%

Homestreet Bank lent most frequently to those with DTI ratios of 20-30%, with 1,402 originations. The next most common DTI ratio? 30-36%, with 1,193 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 306 $1,883,360,000 $6,154,771 $0 3.33%
White 4,208 $1,579,770,000 $375,421 $5,603 3.20%
Not provided 1,412 $615,440,000 $435,864 $5,702 3.15%
Asian 437 $193,835,000 $443,558 $6,461 3.19%
Black 185 $61,185,000 $330,730 $6,166 3.19%
Native Hawaiian 111 $32,345,000 $291,396 $10,336 2.54%
American Indian 58 $19,690,000 $339,483 $5,531 3.04%
Asian Indian 23 $12,375,000 $538,043 $6,503 3.31%
Filipino 16 $4,640,000 $290,000 $5,010 3.13%
Korean 3 $3,465,000 $1,155,000 $5,075 3.56%
Other Asian 7 $2,215,000 $316,429 $5,140 2.92%
Chinese 3 $1,815,000 $605,000 $7,385 3.21%
Japanese 4 $1,790,000 $447,500 $4,753 3.06%
Vietnamese 4 $1,520,000 $380,000 $7,021 3.22%
Samoan 1 $605,000 $605,000 $6,927 2.88%
Other Pacific Islander 2 $430,000 $215,000 $2,378 3.62%
Guamanian 1 $195,000 $195,000 $0 5.49%

Approval Rates

Total approvals of all applications
94.63%

Homestreet Bank has an average approval rate.

Pick Rate

Approvals leading to origination
73.58%

Homestreet Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 6,781 $4,414,675,000 $651,036

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
6,781 $4,414,675,000 $651,036

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 938 $292,450,000 $311,780 $4,006 3.37%
40-60% 1,561 $985,685,000 $631,445 $4,646 2.99%
60-80% 2,251 $2,324,255,000 $1,032,543 $6,030 3.11%
80-100% 1,347 $680,985,000 $505,557 $7,315 3.03%
Over 100% 32 $15,830,000 $494,688 $19,486 2.77%
Under 20% 499 $66,255,000 $132,776 $3,858 4.38%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
HOMESTEAD FUNDING CORPORATION Conventional home mortgage Struggling to pay mortgage 1 33.3%
HOMESTEAD FUNDING CORPORATION Conventional home mortgage Trouble during payment process 1 33.3%
HOMESTEAD FUNDING CORPORATION FHA mortgage Closing on a mortgage 1 33.3%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Homestreet Bank 277 Rancheros Drive, Suite 300 San Marcos, CA 92069 Full Service B&M $208,897
Homestreet Bank 10802 Gravelly Lake Drive Southwest Lakewood, WA 98499 Full Service B&M $61,676
Homestreet Bank 10820 Zelzah Avenue Granada Hills, CA 91344 Full Service B&M $97,544
Homestreet Bank 1110 Rosecrans Street, Suite 101 San Diego, CA 92106 Full Service B&M $90,331
Homestreet Bank 1118 N Vermont Ave. Los Angeles, CA 90029 Full Service B&M $55,949
Homestreet Bank 120 Waianuenue Avenue Hilo, HI 96720 Full Service B&M $87,156
Homestreet Bank 1238 State Avenue Marysville, WA 98270 Full Service B&M $91,651
Homestreet Bank 12513 Lake City Way Ne Seattle, WA 98125 Full Service B&M $31,478
Homestreet Bank 130 Andover Park East, Suite 100 Tukwila, WA 98188 Full Service B&M $70,132
Homestreet Bank 1501 S Union Avenue Tacoma, WA 98405 Full Service B&M $93,005
Homestreet Bank 15021 Main Street, Suite B Mill Creek, WA 98012 Full Service B&M $17,286
Homestreet Bank 16230 Sw Pacific Highway Suite 140 Tigard, OR 97224 Full Service B&M $96,484
Homestreet Bank 424 E. Yakima Avenue Yakima, WA 98901 Full Service B&M $99,317
Homestreet Bank 427 East Main Street Dayton, WA 99328 Full Service B&M $45,531
Homestreet Bank 4949 Borgen Boulevard, Suite B101 Gig Harbor, WA 98332 Full Service B&M $19,821
Homestreet Bank 500 108th Avenue Ne, Suite 1e1 Bellevue, WA 98004 Full Service B&M $135,614
Homestreet Bank 5001 - 25th Avenue Ne, Suite 100 Seattle, WA 98105 Full Service B&M $20,612
Homestreet Bank 505 West Harrison Street Kent, WA 98032 Full Service B&M $67,313
Homestreet Bank 5900 24th Avenue Nw Seattle, WA 98107 Full Service B&M $36,593
Homestreet Bank 601 Union Street, Suite 2000 Seattle, WA 98101 Full Service B&M $1,594,138
Homestreet Bank 650 S Grand Ave Suite 105 Glendora, CA 91740 Full Service B&M $64,923
Homestreet Bank 6515 Mission Gorge Road Suite 6515 San Diego, CA 92120 Full Service B&M $28,106
Homestreet Bank 6949 Coal Creek Parkway Southeast Newcastle, WA 98059 Full Service B&M $98,473
Homestreet Bank 700 Broadway East, Unit D Seattle, WA 98102 Full Service B&M $39,895
Homestreet Bank 9714 Sierra Avenue, Suite 101 Fontana, CA 92335 Full Service B&M $52,245
Homestreet Bank 98-1258 Kaahumanu Street, Suite 104 Pearl City, HI 96782 Full Service B&M $75,451
Homestreet Bank 16389 Redmond Way Ste 100 Redmond, WA 98052 Full Service B&M $38,368
Homestreet Bank 17901 Von Karman Avenue, Suite 100 Irvine, CA 92614 Full Service B&M $167,230
Homestreet Bank 1820 Yakima Valley Highway, Suite B Sunnyside, WA 98944 Full Service B&M $36,036
Homestreet Bank 1835 Queen Anne Avenue North Seattle, WA 98109 Full Service B&M $104,539
Homestreet Bank 19405 44 Avenue West Lynnwood, WA 98036 Full Service B&M $78,288
Homestreet Bank 2 South King Street Honolulu, HI 96813 Full Service B&M $316,020
Homestreet Bank 2100 S.E. 164th Avenue, Suite F104 Vancouver, WA 98683 Full Service B&M $89,108
Homestreet Bank 22 Northwest 23rd Avenue Portland, OR 97210 Full Service B&M $92,676
Homestreet Bank 22001 66th Ave West Mountlake Terrace, WA 98043 Full Service B&M $102,690
Homestreet Bank 252 S Lake Ave. Pasadena, CA 91101 Full Service B&M $140,690
Homestreet Bank 26640 Western Ave. Ste. N Harbor City, CA 90710 Full Service B&M $40,345
Homestreet Bank 2720 Hoyt Avenue, Suite B Everett, WA 98201 Full Service B&M $45,701
Homestreet Bank 7307 Greenwood Avenue Seattle, WA 98103 Full Service B&M $59,354
Homestreet Bank 7510 W. Clearwater Avenue Kennewick, WA 99336 Full Service B&M $17,734
Homestreet Bank 781 Lawrence Expressway Santa Clara, CA 95051 Full Service B&M $40,595
Homestreet Bank 8050 15th Ave Nw Seattle, WA 98117 Full Service B&M $117,458
Homestreet Bank 810 Sleater Kinney Rd Se, Ste B Lacey, WA 98503 Full Service B&M $64,930
Homestreet Bank 818 W. Riverside Avenue, Suite 120 Spokane, WA 99201 Full Service B&M $59,748
Homestreet Bank 8200 35th Ave Ne Seattle, WA 98115 Full Service B&M $220,683
Homestreet Bank 8501 Van Nuys Boulevard Panorama City, CA 91402 Full Service B&M $99,994
Homestreet Bank 8860 Apollo Way, Suite 328 Downey, CA 90242 Full Service B&M $69,836
Homestreet Bank 909 Ne Ellis Drive Issaquah, WA 98029 Full Service B&M $62,587
Homestreet Bank 921 Hildebrand Lane Suite 100 Bainbridge Island, WA 98110 Full Service B&M $55,141
Homestreet Bank 9363 Clairemont Mesa Boulevard, Suite S San Diego, CA 92123 Full Service B&M $11,290
Homestreet Bank 3119 Baldwin Park Boulevard, Suite A Baldwin Park, CA 91706 Full Service B&M $19,764
Homestreet Bank 333 North Glenoaks Boulevard Burbank, CA 91502 Full Service B&M $52,745
Homestreet Bank 33525 Pacific Highway South Federal Way, WA 98003 Full Service B&M $84,406
Homestreet Bank 3417 Evanston Ave N. Seattle, WA 98103 Full Service B&M $54,787
Homestreet Bank 3660 Waialae Avenue, Suite 108 Honolulu, HI 96816 Full Service B&M $58,055
Homestreet Bank 368 Broadway El Cajon, CA 92021 Full Service B&M $42,335
Homestreet Bank 3844 La Sierra Avenue Suite A Riverside, CA 92505 Full Service B&M $29,810
Homestreet Bank 3970 Sw Mercantile Drive, Suite 105 Lake Oswego, OR 97035 Full Service B&M $99,467
Homestreet Bank 4022 Sw Alaska St Seattle, WA 98116 Full Service B&M $82,407
Homestreet Bank 4036 E Madison Street Seattle, WA 98112 Full Service B&M $55,765
Homestreet Bank 417 Ne 72nd Street Seattle, WA 98115 Full Service B&M $21,533

For 2021, Homestreet Bank had 61 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $250,432
Net interest income $238,634
Total noninterest income $109,561
Gross Fiduciary activities income $0
Service charges on deposit accounts $2,424
Trading account gains and fees $0
Additional Noninterest Income $107,137
Pre-tax net operating income $151,195
Securities gains (or losses, -) $94
Income before extraordinary items $118,986
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $118,986
Minority interest net income $0
Net income $118,986
Sale, conversion, retirement of capital stock, net $3,463
Net operating income $118,911

Homestreet Bank's gross interest income from loans was $250,432,000.
Homestreet Bank's net interest income from loans was $238,634,000.
Homestreet Bank's fee based income from loans was $2,424,000.
Homestreet Bank's net income from loans was $118,986,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $11,798
Provision for credit losses $-15,000
Total noninterest expense $212,000
Salaries and employee benefits $130,570
Premises and equipment expense $22,907
Additional noninterest expense $58,523
Applicable income taxes $32,303
Net charge-offs $1,356
Cash dividends $109,000

Homestreet Bank's interest expense for loans was $11,798,000.
Homestreet Bank's payroll and benefits expense were $130,570,000.
Homestreet Bank's property, plant and equipment expenses $22,907,000.

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 1.0%
HELOC loans 0.0%
All other family 1.0%
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 $6,170,270
Deposits held in domestic offices $6,170,270
Deposits by Individuals, partnerships, and corporations $5,801,398
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $342,479
Deposits by Commercial banks and other depository institutions in U.S. $26,393
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $2,154,766
Demand deposits $1,616,570
Nontransaction accounts $4,015,504
Money market deposit accounts (MMDAs) $2,806,207
Other savings deposits (excluding MMDAs) $302,392
Total time deposits $906,904
Total time and savings deposits $4,553,700
Noninterest-bearing deposits $1,640,985
Interest-bearing deposits $4,529,285
Retail deposits $5,917,275
IRAs and Keogh plan accounts $90,140
Brokered deposits $145,149
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $7,158,676
Cash & Balances due from depository institutions $59,106
Interest-bearing balances $20,646
Total securities $1,001,187
Federal funds sold & reverse repurchase $0
Net loans and leases $5,684,199
Loan and leases loss allowance $47,123
Trading account assets $0
Bank premises and fixed assets $87,267
Other real estate owned $1,174
Goodwill and other intangibles $106,999
All other assets $218,744

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $7,158,676
Total Liabilities $6,378,825
Total deposits $6,170,270
Interest-bearing deposits $4,529,285
Deposits held in domestic offices $6,170,270
% insured (estimated) $81
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $54,129
Subordinated debt $0
All other liabilities $154,426

Issued Loan Types

Type Value (in 000's)
Net loans and leases $5,684,199
Loan and leases loss allowance $47,123
Total loans and leases (domestic) $5,731,322
All real estate loans $5,322,837
Real estate loans in domestic offices $5,322,837
Construction and development loans $495,163
Residential 1-4 family construction $364,474
Other construction, all land development and other land $130,689
Loans secured by nonfarm nonresidential properties $1,155,786
Nonfarm nonresidential secured by owner-occupied properties $450,427
Commercial real estate & other non-farm, non-residential $705,359
Multifamily residential real estate $2,392,486
1-4 family residential loans $1,270,063
Farmland loans $9,339
Loans held in foreign offices $0
Farm loans $4,490
Commercial and industrial loans $384,379
To non-U.S. addressees $0
Loans to individuals $6,613
Credit card loans $0
Related Plans $2,658
Consumer Auto Loans $861
Other loans to individuals $3,094
All other loans & leases $13,003
Loans to foreign governments and official institutions $0
Other loans $13,003
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 $48,678
Non 1-4 family restructured loans & leases $28
Total loans and leases (foreign) $0

HomeStreet Bank had $5,684,199,000 of loans outstanding in 2021. $5,322,837,000 of loans were in real estate loans. $495,163,000 of loans were in development loans. $2,392,486,000 of loans were in multifamily mortgage loans. $1,270,063,000 of loans were in 1-4 family mortgage loans. $4,490,000 of loans were in farm loans. $0 of loans were in credit card loans. $861,000 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 176 $67,655 $384,403
Nonfarm, nonresidential loans - <$100k 5 $78 $15,600
Nonfarm, nonresidential loans - $100-250k 19 $2,283 $120,158
Nonfarm, nonresidential loans - $250k-1MM 152 $65,294 $429,566
Commercial & Industrial, US addressed loans - <$1MM 562 $69,014 $122,801
Commercial & Industrial, US addressed loans - <$100k 276 $6,191 $22,431
Commercial & Industrial, US addressed loans - $100-250k 89 $7,868 $88,404
Commercial & Industrial, US addressed loans - $250k-1MM 197 $54,955 $278,959
Farmland loans - <$1MM 11 $1,776 $161,455
Farmland loans - <$100k 2 $44 $22,000
Farmland loans - $100-250k 3 $394 $131,333
Farmland loans - $250k-1MM 6 $1,338 $223,000
Agriculture operations loans - <$1MM 13 $1,088 $83,692
Agriculture operations loans - <$100k 2 $16 $8,000
Agriculture operations loans - $100-250k 6 $566 $94,333
Agriculture operations loans - $250k-1MM 5 $506 $101,200