Homepride Bank Mortgage Rates, Fees & Info

Mansfield, MO

LEI: 254900ARBVNKXMFFP204

Tax ID: 44-0162160

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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

    Homepride Bank is a smaller bank specializing in Refi and Home Purchase loans. Homepride Bank has a high proportion of conventional loans. Their top two markets are Springfield and Branson .

    Homepride Bank has an average approval rate when compared to the average across all lenders. They have an 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

    91

    Origination Dollar Volume (All Markets)

    $8,345,000

    Employee count

    41

    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
    Outside of Metro Areas 66 $5,700,000 $86,364 $0 0.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 24 $2,570,000 $107,083 $0 0.00%
    Branson, MO (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Homepride Bank's top markets include Springfield and Branson among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 91 $8,345,000 $91,703 $0 0.00%

    For 2019, Homepride Bank's most frequently originated type of loan was Conventional, with 91 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 47 $3,775,000 $80,319 $0 0.00%
    Home Purchase 33 $3,655,000 $110,758 $0 0.00%
    Other 9 $805,000 $89,444 $0 0.00%
    Home Improvement 2 $110,000 $55,000 $0 0.00%

    For 2019, Homepride Bank's most frequently cited loan purpose was Refi, with 47 originations. The 2nd most popular reason was Home Purchase, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 91 $8,345,000 $91,703 $0 0.00%

    For 2019, Homepride Bank's most frequently cited loan duration was Other, with 91 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 60 $3,160,000 $52,667 $0 0.00%
    $100k-200k 25 $3,395,000 $135,800 $0 0.00%
    $200k-400k 6 $1,790,000 $298,333 $0 0.00%

    2019 saw Homepride Bank place emphasis on $100,000 or less loans with 60 originations, totaling $3,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 46 $2,970,000 $64,565 $0 0.00%
    $50k-75k 22 $2,310,000 $105,000 $0 0.00%
    $100k-150k 9 $705,000 $78,333 $0 0.00%
    $75k-100k 6 $1,310,000 $218,333 $0 0.00%
    $250k+ 3 $615,000 $205,000 $0 0.00%
    $150k-250k 2 $290,000 $145,000 $0 0.00%

    Homepride Bank lent most frequently to those with incomes in the $50k or less range, with 46 originations. The second most popular income band? $50k-75k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 91 $8,345,000 $91,703 $0 0.00%

    Homepride Bank lent most frequently to those with DTI ratios of Exempt%, with 91 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 87 $7,935,000 $91,207 $0 0.00%
    American Indian 1 $265,000 $265,000 $0 0.00%
    Not applicable 3 $145,000 $48,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.67%

    Homepride Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    94.51%

    Homepride Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 91 $8,345,000 $91,703

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 11 $535,000 $48,636
    Single Family (1-4 Units):Site-Built 80 $7,810,000 $97,625

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Homefront Mortgages, Inc VA mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    HomePride Bank 110 East Commercial Mansfield, MO 65704 Full Service B&M $47,836
    HomePride Bank 1112 N. Jefferson Ava, MO 65608 Full Service B&M $5,816
    HomePride Bank 215 North Division Seymour, MO 65746 Full Service B&M $13,717
    HomePride Bank 298 Norwood Street Norwood, MO 65717 Limited, Drive-thru $8,381
    HomePride Bank 437 West Sunset Street Fordland, MO 65652 Full Service B&M $8,238

    For 2019, Homepride Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,638
    Net interest income $3,770
    Total noninterest income $-207
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $137
    Trading account gains and fees $0
    Additional Noninterest Income $-344
    Pre-tax net operating income $-184
    Securities gains (or losses, -) $0
    Income before extraordinary items $-184
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-184
    Minority interest net income $0
    Net income $-184
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-184

    Homepride Bank's gross interest income from loans was $4,638,000.
    Homepride Bank's net interest income from loans was $3,770,000.
    Homepride Bank's fee based income from loans was $137,000.
    Homepride Bank's net income from loans was $-184,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $868
    Provision for credit losses $177
    Total noninterest expense $3,570
    Salaries and employee benefits $1,711
    Premises and equipment expense $417
    Additional noninterest expense $1,442
    Applicable income taxes $0
    Net charge-offs $129
    Cash dividends $0

    Homepride Bank's interest expense for loans was $868,000.
    Homepride Bank's payroll and benefits expense were $1,711,000.
    Homepride Bank's property, plant and equipment expenses $417,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 8.0%
    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 $87,548
    Deposits held in domestic offices $87,548
    Deposits by Individuals, partnerships, and corporations $63,671
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,435
    Deposits by Commercial banks and other depository institutions in U.S. $15,442
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $30,250
    Demand deposits $17,741
    Nontransaction accounts $57,298
    Money market deposit accounts (MMDAs) $5,767
    Other savings deposits (excluding MMDAs) $10,994
    Total time deposits $40,537
    Total time and savings deposits $69,807
    Noninterest-bearing deposits $17,741
    Interest-bearing deposits $69,807
    Retail deposits $83,546
    IRAs and Keogh plan accounts $4,524
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $99,353
    Cash & Balances due from depository institutions $8,684
    Interest-bearing balances $5,743
    Total securities $6,357
    Federal funds sold & reverse repurchase $971
    Net loans and leases $75,465
    Loan and leases loss allowance $1,163
    Trading account assets $0
    Bank premises and fixed assets $2,840
    Other real estate owned $2,183
    Goodwill and other intangibles $0
    All other assets $2,853

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $99,353
    Total Liabilities $90,881
    Total deposits $87,548
    Interest-bearing deposits $69,807
    Deposits held in domestic offices $87,548
    % insured (estimated) $92
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,000
    Subordinated debt $0
    All other liabilities $333

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $75,465
    Loan and leases loss allowance $1,163
    Total loans and leases (domestic) $76,628
    All real estate loans $68,795
    Real estate loans in domestic offices $68,795
    Construction and development loans $2,767
    Residential 1-4 family construction $2,767
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $6,325
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $6,325
    Multifamily residential real estate $1,119
    1-4 family residential loans $52,330
    Farmland loans $6,254
    Loans held in foreign offices $0
    Farm loans $2,624
    Commercial and industrial loans $2,917
    To non-U.S. addressees $0
    Loans to individuals $2,105
    Credit card loans $0
    Related Plans $1
    Consumer Auto Loans $1,279
    Other loans to individuals $825
    All other loans & leases $187
    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 $228
    Non 1-4 family restructured loans & leases $167
    Total loans and leases (foreign) $0

    HomePride Bank had $75,465,000 of loans outstanding in 2019. $68,795,000 of loans were in real estate loans. $2,767,000 of loans were in development loans. $1,119,000 of loans were in multifamily mortgage loans. $52,330,000 of loans were in 1-4 family mortgage loans. $2,624,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,279,000 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 113 $6,325 $55,973
    Nonfarm, nonresidential loans - <$100k 113 $6,325 $55,973
    Commercial & Industrial, US addressed loans - <$1MM 108 $2,917 $27,009
    Commercial & Industrial, US addressed loans - <$100k 108 $2,917 $27,009
    Farmland loans - <$1MM 75 $6,254 $83,387
    Farmland loans - <$100k 75 $6,254 $83,387
    Agriculture operations loans - <$1MM 228 $2,624 $11,509
    Agriculture operations loans - <$100k 228 $2,624 $11,509