Highpoint Community Bank Mortgage Rates, Fees & Info

Hastings, MI

LEI: 254900VOHINLR793U293

Tax ID: 38-0633620

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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

    Highpoint Community Bank is a smaller bank specializing in Home Purchase loans. Highpoint Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Grand Rapids, Battle Creek, Holland, Traverse City, and Lansing among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Highpoint Community Bank 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.

    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

    160

    Origination Dollar Volume (All Markets)

    $21,120,000

    Employee count

    78

    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 107 $12,955,000 $121,075 $0 0.00%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 28 $3,860,000 $137,857 $0 0.00%
    BATTLE CREEK, MI (FHA|USDA|VA) 7 $1,505,000 $215,000 $0 0.00%
    Holland, MI (FHA|USDA|VA) 8 $1,030,000 $128,750 $0 0.00%
    Traverse City, MI (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $405,000 $135,000 $0 0.00%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    Coldwater, MI (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    JACKSON, MI (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $140,000 $70,000 $0 0.00%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Highpoint Community Bank's top markets include Grand Rapids, Battle Creek, Holland, Traverse City, and Lansing among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 160 $21,120,000 $132,000 $0 0.00%

    For 2018, Highpoint Community Bank's most frequently originated type of loan was Conventional, with 160 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 75 $12,495,000 $166,600 $0 0.00%
    Cash Out Refi 31 $3,105,000 $100,161 $0 0.00%
    Refi 24 $3,530,000 $147,083 $0 0.00%
    Other 16 $1,480,000 $92,500 $0 0.00%
    Home Improvement 14 $510,000 $36,429 $0 0.00%

    For 2018, Highpoint Community Bank's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 160 $21,120,000 $132,000 $0 0.00%

    For 2018, Highpoint Community Bank's most frequently cited loan duration was Other, with 160 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 78 $4,310,000 $55,256 $0 0.00%
    $100k-200k 49 $6,985,000 $142,551 $0 0.00%
    $200k-400k 27 $7,015,000 $259,815 $0 0.00%
    $400k-600k 6 $2,810,000 $468,333 $0 0.00%

    2018 saw Highpoint Community Bank place emphasis on $100,000 or less loans with 78 originations, totaling $4,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 46 $4,970,000 $108,043 $0 0.00%
    $50k or less 29 $2,165,000 $74,655 $0 0.00%
    $100k-150k 26 $3,710,000 $142,692 $0 0.00%
    $75k-100k 22 $2,380,000 $108,182 $0 0.00%
    $150k-250k 16 $2,980,000 $186,250 $0 0.00%
    $250k+ 4 $1,210,000 $302,500 $0 0.00%

    Highpoint Community Bank lent most frequently to those with incomes in the $50k-75k range, with 46 originations. The second most popular income band? $50k or less, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 160 $21,120,000 $132,000 $0 0.00%

    Highpoint Community Bank lent most frequently to those with DTI ratios of Exempt%, with 160 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 147 $17,935,000 $122,007 $0 0.00%
    Not applicable 12 $3,150,000 $262,500 $0 0.00%
    Asian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.38%

    Highpoint Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    86.25%

    Highpoint Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 160 $21,120,000 $132,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $385,000 $385,000
    Single Family (1-4 Units):Manufactured 1 $95,000 $95,000
    Single Family (1-4 Units):Site-Built 158 $20,640,000 $130,633

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Hastings City Bank 111 East Capital Avenue Bellevue, MI 49021 Full Service B&M $12,724
    The Hastings City Bank 124 West Michigan Avenue Marshall, MI 49068 Full Service B&M $7,019
    The Hastings City Bank 150 West Court Street Hastings, MI 49058 Full Service B&M $149,998
    The Hastings City Bank 156 West Superior Street Wayland, MI 49348 Full Service B&M $14,596
    The Hastings City Bank 310 North Main Street Nashville, MI 49073 Full Service B&M $22,207
    The Hastings City Bank 435 Arlington Street Middleville, MI 49333 Full Service B&M $36,655
    The Hastings City Bank 9265 Cherry Valley Avenue, S.E. Caledonia, MI 49316 Full Service B&M $15,660

    For 2018, Highpoint Community Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,942
    Net interest income $10,126
    Total noninterest income $2,687
    Gross Fiduciary activities income $506
    Service charges on deposit accounts $794
    Trading account gains and fees $0
    Additional Noninterest Income $1,387
    Pre-tax net operating income $2,476
    Securities gains (or losses, -) $-12
    Income before extraordinary items $2,219
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,219
    Minority interest net income $0
    Net income $2,219
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,229

    Highpoint Community Bank's gross interest income from loans was $10,942,000.
    Highpoint Community Bank's net interest income from loans was $10,126,000.
    Highpoint Community Bank's fee based income from loans was $794,000.
    Highpoint Community Bank's net income from loans was $2,219,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $816
    Provision for credit losses $60
    Total noninterest expense $10,277
    Salaries and employee benefits $5,629
    Premises and equipment expense $1,287
    Additional noninterest expense $3,361
    Applicable income taxes $245
    Net charge-offs $166
    Cash dividends $818

    Highpoint Community Bank's interest expense for loans was $816,000.
    Highpoint Community Bank's payroll and benefits expense were $5,629,000.
    Highpoint Community Bank's property, plant and equipment expenses $1,287,000.

    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 $260,165
    Deposits held in domestic offices $260,165
    Deposits by Individuals, partnerships, and corporations $227,862
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $32,303
    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 $23,140
    Demand deposits $19,645
    Nontransaction accounts $237,025
    Money market deposit accounts (MMDAs) $166,228
    Other savings deposits (excluding MMDAs) $54,294
    Total time deposits $16,501
    Total time and savings deposits $240,520
    Noninterest-bearing deposits $51,797
    Interest-bearing deposits $208,368
    Retail deposits $258,796
    IRAs and Keogh plan accounts $6,634
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $318,732
    Cash & Balances due from depository institutions $35,678
    Interest-bearing balances $27,584
    Total securities $59,017
    Federal funds sold & reverse repurchase $0
    Net loans and leases $202,700
    Loan and leases loss allowance $1,269
    Trading account assets $0
    Bank premises and fixed assets $8,122
    Other real estate owned $200
    Goodwill and other intangibles $345
    All other assets $12,670

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $318,732
    Total Liabilities $288,133
    Total deposits $260,165
    Interest-bearing deposits $208,368
    Deposits held in domestic offices $260,165
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $26,000
    Subordinated debt $0
    All other liabilities $1,968

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $202,700
    Loan and leases loss allowance $1,269
    Total loans and leases (domestic) $203,969
    All real estate loans $146,294
    Real estate loans in domestic offices $146,294
    Construction and development loans $5,908
    Residential 1-4 family construction $876
    Other construction, all land development and other land $5,032
    Loans secured by nonfarm nonresidential properties $46,782
    Nonfarm nonresidential secured by owner-occupied properties $26,680
    Commercial real estate & other non-farm, non-residential $20,102
    Multifamily residential real estate $3,967
    1-4 family residential loans $89,041
    Farmland loans $596
    Loans held in foreign offices $0
    Farm loans $224
    Commercial and industrial loans $10,686
    To non-U.S. addressees $0
    Loans to individuals $10,894
    Credit card loans $0
    Related Plans $270
    Consumer Auto Loans $7,675
    Other loans to individuals $2,949
    All other loans & leases $35,871
    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 $374
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,156
    Non 1-4 family restructured loans & leases $75
    Total loans and leases (foreign) $0

    Highpoint Community Bank had $202,700,000 of loans outstanding in 2018. $146,294,000 of loans were in real estate loans. $5,908,000 of loans were in development loans. $3,967,000 of loans were in multifamily mortgage loans. $89,041,000 of loans were in 1-4 family mortgage loans. $224,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,675,000 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 154 $32,944 $213,922
    Nonfarm, nonresidential loans - <$100k 48 $2,361 $49,188
    Nonfarm, nonresidential loans - $100-250k 46 $6,520 $141,739
    Nonfarm, nonresidential loans - $250k-1MM 60 $24,063 $401,050
    Commercial & Industrial, US addressed loans - <$1MM 180 $9,449 $52,494
    Commercial & Industrial, US addressed loans - <$100k 142 $3,694 $26,014
    Commercial & Industrial, US addressed loans - $100-250k 27 $2,490 $92,222
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $3,265 $296,818
    Farmland loans - <$1MM 5 $595 $119,000
    Farmland loans - <$100k 2 $65 $32,500
    Farmland loans - $100-250k 2 $287 $143,500
    Farmland loans - $250k-1MM 1 $243 $243,000
    Agriculture operations loans - <$1MM 6 $224 $37,333
    Agriculture operations loans - <$100k 4 $45 $11,250
    Agriculture operations loans - $100-250k 1 $11 $11,000
    Agriculture operations loans - $250k-1MM 1 $168 $168,000