Helm Bank Usa Mortgage Rates, Fees & Info
Miami, FLLEI: 254900OGMHGN3FQRRB74
Tax ID: 65-0159184
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Mortgage Data
Bank Data
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, Tampa, Naples, and Cape Coral among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Helm Bank Usa 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.
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Originations
116Origination Dollar Volume (All Markets)
$47,680,000Employee count
115Top 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) | 96 | $39,400,000 | $410,417 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 14 | $6,560,000 | $468,571 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 116 | $47,680,000 | $411,034 | $0 | 0.00% |
For 2021, Helm Bank Usa's most frequently originated type of loan was Conventional, with 116 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 98 | $40,710,000 | $415,408 | $0 | 0.00% |
| Refi | 16 | $6,460,000 | $403,750 | $0 | 0.00% |
| Home Improvement | 2 | $510,000 | $255,000 | $0 | 0.00% |
For 2021, Helm Bank Usa's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 116 | $47,680,000 | $411,034 | $0 | 0.00% |
For 2021, Helm Bank Usa's most frequently cited loan duration was Other, with 116 originations.
Loan Sizing
2021 saw Helm Bank Usa place emphasis on $200k-400k loans with 50 originations, totaling $13,820,000 in origination value.
Applicant Income
Helm Bank Usa lent most frequently to those with incomes in the $250k+ range, with 17 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 116 | $47,680,000 | $411,034 | $0 | 0.00% |
Helm Bank Usa lent most frequently to those with DTI ratios of Exempt%, with 116 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.40%
Helm Bank Usa has an average approval rate.
Pick Rate
Approvals leading to origination57.76%
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 | 116 | $47,680,000 | $411,034 |
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 | $913,628 |
For 2021, Helm Bank Usa had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $26,509 |
| Net interest income | $25,375 |
| Total noninterest income | $5,579 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $958 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,621 |
| Pre-tax net operating income | $9,648 |
| Securities gains (or losses, -) | $-27 |
| Income before extraordinary items | $7,635 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $7,635 |
| Minority interest net income | $0 |
| Net income | $7,635 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $7,656 |
Helm Bank Usa's gross interest income from loans was $26,509,000.
Helm Bank Usa's net interest income from loans was $25,375,000.
Helm Bank Usa's fee based income from loans was $958,000.
Helm Bank Usa's net income from loans was $7,635,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,134 |
| Provision for credit losses | $-3,562 |
| Total noninterest expense | $24,868 |
| Salaries and employee benefits | $14,627 |
| Premises and equipment expense | $3,382 |
| Additional noninterest expense | $6,859 |
| Applicable income taxes | $1,986 |
| Net charge-offs | $-110 |
| Cash dividends | $9,500 |
Helm Bank Usa's interest expense for loans was $1,134,000.
Helm Bank Usa's payroll and benefits expense were $14,627,000.
Helm Bank Usa's property, plant and equipment expenses $3,382,000.
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 | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 2.0% |
| HELOC loans | 0.0% |
| All other family | 2.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 1.0% |
| Credit card loans | 0.6% |
| 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 | $805,627 |
| Deposits held in domestic offices | $805,627 |
| Deposits by Individuals, partnerships, and corporations | $790,211 |
| 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. | $15,416 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $465,601 |
| Demand deposits | $419,960 |
| Nontransaction accounts | $340,026 |
| Money market deposit accounts (MMDAs) | $104,100 |
| Other savings deposits (excluding MMDAs) | $76,752 |
| Total time deposits | $159,174 |
| Total time and savings deposits | $385,667 |
| Noninterest-bearing deposits | $419,960 |
| Interest-bearing deposits | $385,667 |
| Retail deposits | $691,232 |
| IRAs and Keogh plan accounts | $0 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $908,464 |
| Cash & Balances due from depository institutions | $191,614 |
| Interest-bearing balances | $126,030 |
| Total securities | $256,669 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $450,682 |
| Loan and leases loss allowance | $8,364 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $414 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $9,085 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $908,464 |
| Total Liabilities | $809,517 |
| Total deposits | $805,627 |
| Interest-bearing deposits | $385,667 |
| Deposits held in domestic offices | $805,627 |
| % insured (estimated) | $50 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $3,890 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $450,682 |
| Loan and leases loss allowance | $8,364 |
| Total loans and leases (domestic) | $459,046 |
| All real estate loans | $446,390 |
| Real estate loans in domestic offices | $446,390 |
| Construction and development loans | $171 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $171 |
| Loans secured by nonfarm nonresidential properties | $3,708 |
| Nonfarm nonresidential secured by owner-occupied properties | $1,360 |
| Commercial real estate & other non-farm, non-residential | $2,348 |
| Multifamily residential real estate | $1,775 |
| 1-4 family residential loans | $440,736 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $3,850 |
| To non-U.S. addressees | $2,872 |
| Loans to individuals | $8,808 |
| Credit card loans | $1,372 |
| Related Plans | $0 |
| Consumer Auto Loans | $7,436 |
| Other loans to individuals | $0 |
| All other loans & leases | $2 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $2 |
| 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 | $334,577 |
| Restructured Loans & leases | $3,204 |
| Non 1-4 family restructured loans & leases | $578 |
| Total loans and leases (foreign) | $0 |
Helm Bank USA had $450,682,000 of loans outstanding in 2021. $446,390,000 of loans were in real estate loans. $171,000 of loans were in development loans. $1,775,000 of loans were in multifamily mortgage loans. $440,736,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $1,372,000 of loans were in credit card loans. $7,436,000 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 | 14 | $3,698 | $264,143 |
| Nonfarm, nonresidential loans - $100-250k | 7 | $583 | $83,286 |
| Nonfarm, nonresidential loans - $250k-1MM | 7 | $3,115 | $445,000 |
| Commercial & Industrial, US addressed loans - <$1MM | 294 | $978 | $3,327 |
| Commercial & Industrial, US addressed loans - <$100k | 293 | $896 | $3,058 |
| Commercial & Industrial, US addressed loans - $100-250k | 1 | $82 | $82,000 |