Helm Bank Usa Mortgage Rates, Fees & Info

Miami, FL

LEI: 254900OGMHGN3FQRRB74

Tax ID: 65-0159184

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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

    Helm Bank Usa is a smaller bank specializing in Home Purchase loans. Helm Bank Usa has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Orlando, and Tampa among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Helm Bank Usa 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

    76

    Origination Dollar Volume (All Markets)

    $36,780,000

    Employee count

    128

    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
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 47 $26,975,000 $573,936 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 26 $9,300,000 $357,692 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $505,000 $168,333 $0 0.00%
    Helm Bank Usa's top markets include Miami, Orlando, and Tampa among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 76 $36,780,000 $483,947 $0 0.00%

    For 2020, Helm Bank Usa's most frequently originated type of loan was Conventional, with 76 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 67 $34,155,000 $509,776 $0 0.00%
    Refi 6 $1,730,000 $288,333 $0 0.00%
    Home Improvement 2 $390,000 $195,000 $0 0.00%
    Other 1 $505,000 $505,000 $0 0.00%

    For 2020, Helm Bank Usa's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 76 $36,780,000 $483,947 $0 0.00%

    For 2020, Helm Bank Usa's most frequently cited loan duration was Other, with 76 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 28 $7,870,000 $281,071 $0 0.00%
    $100k-200k 21 $3,475,000 $165,476 $0 0.00%
    $400k-600k 14 $6,910,000 $493,571 $0 0.00%
    $1MM+ 8 $14,860,000 $1,857,500 $0 0.00%
    $600k-1MM 5 $3,665,000 $733,000 $0 0.00%

    2020 saw Helm Bank Usa place emphasis on $200k-400k loans with 28 originations, totaling $7,870,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 17 $7,825,000 $460,294 $0 0.00%
    $100k-150k 8 $1,670,000 $208,750 $0 0.00%
    $150k-250k 8 $2,340,000 $292,500 $0 0.00%
    $50k-75k 1 $185,000 $185,000 $0 0.00%

    Helm Bank Usa lent most frequently to those with incomes in the $250k+ range, with 17 originations. The second most popular income band? $100k-150k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 76 $36,780,000 $483,947 $0 0.00%

    Helm Bank Usa lent most frequently to those with DTI ratios of Exempt%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 42 $24,760,000 $589,524 $0 0.00%
    White 25 $9,135,000 $365,400 $0 0.00%
    Asian 8 $2,590,000 $323,750 $0 0.00%
    Black 1 $295,000 $295,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.33%

    Helm Bank Usa has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    38.16%

    Helm Bank Usa has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 76 $36,780,000 $483,947

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 76 $36,780,000 $483,947

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Helm Bank Usa 999 Brickell Ave, Ste 100 Miami, FL 33131 Full Service B&M $737,117

    For 2020, Helm Bank Usa had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $32,257
    Net interest income $29,164
    Total noninterest income $4,797
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,027
    Trading account gains and fees $0
    Additional Noninterest Income $3,770
    Pre-tax net operating income $7,884
    Securities gains (or losses, -) $680
    Income before extraordinary items $6,795
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,795
    Minority interest net income $0
    Net income $6,795
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,257

    Helm Bank Usa's gross interest income from loans was $32,257,000.
    Helm Bank Usa's net interest income from loans was $29,164,000.
    Helm Bank Usa's fee based income from loans was $1,027,000.
    Helm Bank Usa's net income from loans was $6,795,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,093
    Provision for credit losses $1,433
    Total noninterest expense $24,644
    Salaries and employee benefits $13,942
    Premises and equipment expense $4,168
    Additional noninterest expense $6,534
    Applicable income taxes $1,769
    Net charge-offs $-121
    Cash dividends $4,000

    Helm Bank Usa's interest expense for loans was $3,093,000.
    Helm Bank Usa's payroll and benefits expense were $13,942,000.
    Helm Bank Usa's property, plant and equipment expenses $4,168,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.1%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $766,279
    Deposits held in domestic offices $766,279
    Deposits by Individuals, partnerships, and corporations $747,779
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $18,500
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $393,433
    Demand deposits $351,388
    Nontransaction accounts $372,846
    Money market deposit accounts (MMDAs) $152,144
    Other savings deposits (excluding MMDAs) $62,181
    Total time deposits $158,521
    Total time and savings deposits $414,891
    Noninterest-bearing deposits $351,388
    Interest-bearing deposits $414,891
    Retail deposits $656,766
    IRAs and Keogh plan accounts $0
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $880,839
    Cash & Balances due from depository institutions $111,745
    Interest-bearing balances $98,178
    Total securities $235,187
    Federal funds sold & reverse repurchase $0
    Net loans and leases $524,379
    Loan and leases loss allowance $11,816
    Trading account assets $0
    Bank premises and fixed assets $471
    Other real estate owned $350
    Goodwill and other intangibles $0
    All other assets $8,707

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $880,839
    Total Liabilities $775,305
    Total deposits $766,279
    Interest-bearing deposits $414,891
    Deposits held in domestic offices $766,279
    % insured (estimated) $49
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $9,026

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $524,379
    Loan and leases loss allowance $11,816
    Total loans and leases (domestic) $536,195
    All real estate loans $524,339
    Real estate loans in domestic offices $524,339
    Construction and development loans $684
    Residential 1-4 family construction $0
    Other construction, all land development and other land $684
    Loans secured by nonfarm nonresidential properties $4,998
    Nonfarm nonresidential secured by owner-occupied properties $2,332
    Commercial real estate & other non-farm, non-residential $2,666
    Multifamily residential real estate $6,873
    1-4 family residential loans $511,784
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $3,395
    To non-U.S. addressees $2,700
    Loans to individuals $8,462
    Credit card loans $1,202
    Related Plans $0
    Consumer Auto Loans $7,260
    Other loans to individuals $0
    All other loans & leases $8
    Loans to foreign governments and official institutions $0
    Other loans $8
    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 $404,961
    Restructured Loans & leases $4,268
    Non 1-4 family restructured loans & leases $593
    Total loans and leases (foreign) $0

    Helm Bank USA had $524,379,000 of loans outstanding in 2020. $524,339,000 of loans were in real estate loans. $684,000 of loans were in development loans. $6,873,000 of loans were in multifamily mortgage loans. $511,784,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $1,202,000 of loans were in credit card loans. $7,260,000 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 16 $3,222 $201,375
    Nonfarm, nonresidential loans - $100-250k 7 $613 $87,571
    Nonfarm, nonresidential loans - $250k-1MM 9 $2,609 $289,889
    Commercial & Industrial, US addressed loans - <$1MM 265 $695 $2,623
    Commercial & Industrial, US addressed loans - <$100k 264 $605 $2,292
    Commercial & Industrial, US addressed loans - $100-250k 1 $90 $90,000