Home Federal Bank Corporation Mortgage Rates, Fees & Info

Middlesboro, KY

LEI: 2549001XVX1R2ITF6935

Tax ID: 61-0305840

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Mortgage Data

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

    Home Federal Bank Corporation is a smaller bank specializing in Home Purchase and Refi loans. Home Federal Bank Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, Middlesborough, Morristown, Sevierville, and Cincinnati among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Home Federal Bank Corporation has an average approval rate when compared to the average across all lenders. They have a below 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

    229

    Origination Dollar Volume (All Markets)

    $42,565,000

    Employee count

    95

    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
    KNOXVILLE, TN (FHA|USDA|VA) 86 $20,020,000 $232,791 $0 0.00%
    Outside of Metro Areas 74 $10,810,000 $146,081 $0 0.00%
    Middlesborough, KY (FHA|USDA|VA) 40 $4,440,000 $111,000 $0 0.00%
    MORRISTOWN, TN (FHA|USDA|VA) 13 $3,775,000 $290,385 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 3 $1,045,000 $348,333 $0 0.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $555,000 $555,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    London, KY (FHA|USDA|VA) 4 $340,000 $85,000 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Newport, TN (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Danville, KY (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Home Federal Bank Corporation's top markets include Knoxville, Middlesborough, Morristown, Sevierville, and Cincinnati among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 229 $42,565,000 $185,873 $0 0.00%

    For 2018, Home Federal Bank Corporation's most frequently originated type of loan was Conventional, with 229 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 141 $25,125,000 $178,191 $0 0.00%
    Refi 76 $16,190,000 $213,026 $0 0.00%
    Other 7 $855,000 $122,143 $0 0.00%
    Home Improvement 5 $395,000 $79,000 $0 0.00%

    For 2018, Home Federal Bank Corporation's most frequently cited loan purpose was Home Purchase, with 141 originations. The 2nd most popular reason was Refi, with 76 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 229 $42,565,000 $185,873 $0 0.00%

    For 2018, Home Federal Bank Corporation's most frequently cited loan duration was Other, with 229 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 89 $5,145,000 $57,809 $0 0.00%
    $100k-200k 72 $10,330,000 $143,472 $0 0.00%
    $200k-400k 46 $12,210,000 $265,435 $0 0.00%
    $400k-600k 14 $7,000,000 $500,000 $0 0.00%
    $600k-1MM 5 $4,155,000 $831,000 $0 0.00%
    $1MM+ 3 $3,725,000 $1,241,667 $0 0.00%

    2018 saw Home Federal Bank Corporation place emphasis on $100,000 or less loans with 89 originations, totaling $5,145,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 65 $5,455,000 $83,923 $0 0.00%
    $75k-100k 33 $4,315,000 $130,758 $0 0.00%
    $100k-150k 31 $7,205,000 $232,419 $0 0.00%
    $50k-75k 26 $3,170,000 $121,923 $0 0.00%
    $150k-250k 25 $7,735,000 $309,400 $0 0.00%
    $250k+ 21 $7,985,000 $380,238 $0 0.00%

    Home Federal Bank Corporation lent most frequently to those with incomes in the $50k or less range, with 65 originations. The second most popular income band? $75k-100k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 229 $42,565,000 $185,873 $0 0.00%

    Home Federal Bank Corporation lent most frequently to those with DTI ratios of Exempt%, with 229 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 192 $33,420,000 $174,063 $0 0.00%
    Not applicable 28 $6,700,000 $239,286 $0 0.00%
    Not provided 7 $2,085,000 $297,857 $0 0.00%
    Asian 2 $360,000 $180,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.64%

    Home Federal Bank Corporation has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.17%

    Home Federal Bank Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 229 $42,565,000 $185,873

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $3,730,000 $621,667
    Single Family (1-4 Units):Manufactured 13 $1,605,000 $123,462
    Single Family (1-4 Units):Site-Built 210 $37,230,000 $177,286

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Home Federal Bank Corporation 102 Cumberland Avenue Harlan, KY 40831 Full Service B&M $20,619
    Home Federal Bank Corporation 111 Washington Avenue Harrogate, TN 37752 Full Service B&M $20,804
    Home Federal Bank Corporation 1602-08 East Cumberland Avenue Middlesboro, KY 40965 Full Service B&M $88,251
    Home Federal Bank Corporation 185 Finance Street Harlan, KY 40831 Full Service B&M $91,902
    Home Federal Bank Corporation 300 Main Street Jacksboro, TN 37757 Full Service B&M $20,918
    Home Federal Bank Corporation 500 Fifth Avenue New Tazewell, TN 37825 Full Service B&M $48,340

    For 2018, Home Federal Bank Corporation had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,207
    Net interest income $13,662
    Total noninterest income $3,119
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,461
    Trading account gains and fees $0
    Additional Noninterest Income $1,658
    Pre-tax net operating income $4,404
    Securities gains (or losses, -) $-2
    Income before extraordinary items $3,591
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,591
    Minority interest net income $0
    Net income $3,591
    Sale, conversion, retirement of capital stock, net $-106
    Net operating income $3,592

    Home Federal Bank Corporation's gross interest income from loans was $16,207,000.
    Home Federal Bank Corporation's net interest income from loans was $13,662,000.
    Home Federal Bank Corporation's fee based income from loans was $1,461,000.
    Home Federal Bank Corporation's net income from loans was $3,591,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,545
    Provision for credit losses $442
    Total noninterest expense $11,935
    Salaries and employee benefits $6,318
    Premises and equipment expense $1,161
    Additional noninterest expense $4,456
    Applicable income taxes $811
    Net charge-offs $201
    Cash dividends $1,900

    Home Federal Bank Corporation's interest expense for loans was $2,545,000.
    Home Federal Bank Corporation's payroll and benefits expense were $6,318,000.
    Home Federal Bank Corporation's property, plant and equipment expenses $1,161,000.

    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 $292,195
    Deposits held in domestic offices $292,195
    Deposits by Individuals, partnerships, and corporations $277,515
    Deposits by U.S. Government $7
    Deposits by States and political subdivisions in the U.S. $14,673
    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 $80,709
    Demand deposits $45,140
    Nontransaction accounts $211,486
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $95,694
    Total time deposits $115,793
    Total time and savings deposits $247,055
    Noninterest-bearing deposits $44,658
    Interest-bearing deposits $247,537
    Retail deposits $267,909
    IRAs and Keogh plan accounts $29,320
    Brokered deposits $3,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $381,367
    Cash & Balances due from depository institutions $10,222
    Interest-bearing balances $6,162
    Total securities $63,538
    Federal funds sold & reverse repurchase $0
    Net loans and leases $284,077
    Loan and leases loss allowance $3,253
    Trading account assets $95
    Bank premises and fixed assets $8,738
    Other real estate owned $214
    Goodwill and other intangibles $0
    All other assets $14,483

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $381,367
    Total Liabilities $339,649
    Total deposits $292,195
    Interest-bearing deposits $247,537
    Deposits held in domestic offices $292,195
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $44,367
    Subordinated debt $0
    All other liabilities $3,087

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $284,077
    Loan and leases loss allowance $3,253
    Total loans and leases (domestic) $287,330
    All real estate loans $266,553
    Real estate loans in domestic offices $266,553
    Construction and development loans $29,625
    Residential 1-4 family construction $13,489
    Other construction, all land development and other land $16,136
    Loans secured by nonfarm nonresidential properties $49,729
    Nonfarm nonresidential secured by owner-occupied properties $16,940
    Commercial real estate & other non-farm, non-residential $32,789
    Multifamily residential real estate $5,868
    1-4 family residential loans $180,702
    Farmland loans $629
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $14,141
    To non-U.S. addressees $0
    Loans to individuals $6,187
    Credit card loans $0
    Related Plans $3
    Consumer Auto Loans $317
    Other loans to individuals $5,867
    All other loans & leases $814
    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 $1,783
    Non 1-4 family restructured loans & leases $1,636
    Total loans and leases (foreign) $0

    Home Federal Bank Corporation had $284,077,000 of loans outstanding in 2018. $266,553,000 of loans were in real estate loans. $29,625,000 of loans were in development loans. $5,868,000 of loans were in multifamily mortgage loans. $180,702,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $317,000 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 144 $29,753 $206,618
    Nonfarm, nonresidential loans - <$100k 40 $1,294 $32,350
    Nonfarm, nonresidential loans - $100-250k 46 $6,055 $131,630
    Nonfarm, nonresidential loans - $250k-1MM 58 $22,404 $386,276
    Commercial & Industrial, US addressed loans - <$1MM 130 $8,915 $68,577
    Commercial & Industrial, US addressed loans - <$100k 94 $2,323 $24,713
    Commercial & Industrial, US addressed loans - $100-250k 22 $2,603 $118,318
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $3,989 $284,929
    Farmland loans - <$1MM 3 $629 $209,667
    Farmland loans - $100-250k 2 $315 $157,500
    Farmland loans - $250k-1MM 1 $314 $314,000