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, Cash Out Refi, and Refi loans. Highpoint Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Grand Rapids, Holland, Lansing, Battle Creek, and Detroit 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

    166

    Origination Dollar Volume (All Markets)

    $25,480,000

    Employee count

    81

    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 104 $15,740,000 $151,346 $0 0.00%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 32 $5,220,000 $163,125 $0 0.00%
    Holland, MI (FHA|USDA|VA) 15 $2,575,000 $171,667 $0 0.00%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 5 $685,000 $137,000 $0 0.00%
    BATTLE CREEK, MI (FHA|USDA|VA) 4 $510,000 $127,500 $0 0.00%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    FLINT, MI (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Cadillac, MI (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    MUSKEGON, MI (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Big Rapids, MI (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Highpoint Community Bank's top markets include Grand Rapids, Holland, Lansing, Battle Creek, and Detroit among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 166 $25,480,000 $153,494 $0 0.00%

    For 2019, Highpoint Community Bank's most frequently originated type of loan was Conventional, with 166 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 52 $9,270,000 $178,269 $0 0.00%
    Cash Out Refi 46 $8,060,000 $175,217 $0 0.00%
    Refi 43 $6,295,000 $146,395 $0 0.00%
    Home Improvement 16 $1,430,000 $89,375 $0 0.00%
    Other 9 $425,000 $47,222 $0 0.00%

    For 2019, Highpoint Community Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 166 $25,480,000 $153,494 $0 0.00%

    For 2019, Highpoint Community Bank's most frequently cited loan duration was Other, with 166 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 58 $2,900,000 $50,000 $0 0.00%
    $100k-200k 57 $8,565,000 $150,263 $0 0.00%
    $200k-400k 46 $11,590,000 $251,957 $0 0.00%
    $400k-600k 5 $2,425,000 $485,000 $0 0.00%

    2019 saw Highpoint Community Bank place emphasis on $100,000 or less loans with 58 originations, totaling $2,900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 40 $6,460,000 $161,500 $0 0.00%
    $75k-100k 37 $5,905,000 $159,595 $0 0.00%
    $50k-75k 36 $5,530,000 $153,611 $0 0.00%
    $50k or less 31 $2,475,000 $79,839 $0 0.00%
    $150k-250k 8 $2,170,000 $271,250 $0 0.00%
    $250k+ 4 $1,070,000 $267,500 $0 0.00%

    Highpoint Community Bank lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $75k-100k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 166 $25,480,000 $153,494 $0 0.00%

    Highpoint Community Bank lent most frequently to those with DTI ratios of Exempt%, with 166 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 157 $23,885,000 $152,134 $0 0.00%
    Not applicable 4 $710,000 $177,500 $0 0.00%
    Not provided 3 $565,000 $188,333 $0 0.00%
    Asian 1 $165,000 $165,000 $0 0.00%
    Black 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.48%

    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
    86.75%

    Highpoint Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 166 $25,480,000 $153,494

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $225,000 $225,000
    Single Family (1-4 Units):Manufactured 1 $85,000 $85,000
    Single Family (1-4 Units):Site-Built 164 $25,170,000 $153,476

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Highpoint Community Bank 111 East Capital Avenue Bellevue, MI 49021 Full Service B&M $11,215
    Highpoint Community Bank 124 West Michigan Avenue Marshall, MI 49068 Full Service B&M $7,884
    Highpoint Community Bank 150 West Court Street Hastings, MI 49058 Full Service B&M $145,815
    Highpoint Community Bank 156 West Superior Street Wayland, MI 49348 Full Service B&M $14,359
    Highpoint Community Bank 310 North Main Street Nashville, MI 49073 Full Service B&M $22,663
    Highpoint Community Bank 435 Arlington Street Middleville, MI 49333 Full Service B&M $35,974
    Highpoint Community Bank 9265 Cherry Valley Avenue, S.E. Caledonia, MI 49316 Full Service B&M $15,015

    For 2019, Highpoint Community Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,489
    Net interest income $10,328
    Total noninterest income $2,700
    Gross Fiduciary activities income $532
    Service charges on deposit accounts $757
    Trading account gains and fees $0
    Additional Noninterest Income $1,411
    Pre-tax net operating income $2,418
    Securities gains (or losses, -) $-3
    Income before extraordinary items $2,330
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,330
    Minority interest net income $0
    Net income $2,330
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,332

    Highpoint Community Bank's gross interest income from loans was $11,489,000.
    Highpoint Community Bank's net interest income from loans was $10,328,000.
    Highpoint Community Bank's fee based income from loans was $757,000.
    Highpoint Community Bank's net income from loans was $2,330,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,161
    Provision for credit losses $65
    Total noninterest expense $10,545
    Salaries and employee benefits $5,703
    Premises and equipment expense $1,364
    Additional noninterest expense $3,478
    Applicable income taxes $85
    Net charge-offs $25
    Cash dividends $869

    Highpoint Community Bank's interest expense for loans was $1,161,000.
    Highpoint Community Bank's payroll and benefits expense were $5,703,000.
    Highpoint Community Bank's property, plant and equipment expenses $1,364,000.

    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 $265,433
    Deposits held in domestic offices $265,433
    Deposits by Individuals, partnerships, and corporations $236,543
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,890
    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 $27,021
    Demand deposits $26,199
    Nontransaction accounts $238,412
    Money market deposit accounts (MMDAs) $157,145
    Other savings deposits (excluding MMDAs) $53,869
    Total time deposits $27,398
    Total time and savings deposits $239,234
    Noninterest-bearing deposits $55,313
    Interest-bearing deposits $210,120
    Retail deposits $261,349
    IRAs and Keogh plan accounts $6,102
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $324,552
    Cash & Balances due from depository institutions $33,299
    Interest-bearing balances $24,332
    Total securities $51,684
    Federal funds sold & reverse repurchase $0
    Net loans and leases $218,498
    Loan and leases loss allowance $1,309
    Trading account assets $0
    Bank premises and fixed assets $8,650
    Other real estate owned $0
    Goodwill and other intangibles $286
    All other assets $12,135

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $324,552
    Total Liabilities $291,255
    Total deposits $265,433
    Interest-bearing deposits $210,120
    Deposits held in domestic offices $265,433
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $24,000
    Subordinated debt $0
    All other liabilities $1,822

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $218,498
    Loan and leases loss allowance $1,309
    Total loans and leases (domestic) $219,807
    All real estate loans $157,788
    Real estate loans in domestic offices $157,788
    Construction and development loans $6,722
    Residential 1-4 family construction $1,295
    Other construction, all land development and other land $5,427
    Loans secured by nonfarm nonresidential properties $49,231
    Nonfarm nonresidential secured by owner-occupied properties $23,839
    Commercial real estate & other non-farm, non-residential $25,392
    Multifamily residential real estate $1,093
    1-4 family residential loans $100,441
    Farmland loans $301
    Loans held in foreign offices $0
    Farm loans $252
    Commercial and industrial loans $11,376
    To non-U.S. addressees $0
    Loans to individuals $11,534
    Credit card loans $0
    Related Plans $343
    Consumer Auto Loans $7,823
    Other loans to individuals $3,368
    All other loans & leases $38,857
    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 $644
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $952
    Non 1-4 family restructured loans & leases $54
    Total loans and leases (foreign) $0

    Highpoint Community Bank had $218,498,000 of loans outstanding in 2019. $157,788,000 of loans were in real estate loans. $6,722,000 of loans were in development loans. $1,093,000 of loans were in multifamily mortgage loans. $100,441,000 of loans were in 1-4 family mortgage loans. $252,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,823,000 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 119 $25,827 $217,034
    Nonfarm, nonresidential loans - <$100k 29 $1,354 $46,690
    Nonfarm, nonresidential loans - $100-250k 36 $4,795 $133,194
    Nonfarm, nonresidential loans - $250k-1MM 54 $19,678 $364,407
    Commercial & Industrial, US addressed loans - <$1MM 104 $6,969 $67,010
    Commercial & Industrial, US addressed loans - <$100k 71 $1,887 $26,577
    Commercial & Industrial, US addressed loans - $100-250k 18 $1,540 $85,556
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $3,542 $236,133
    Farmland loans - <$1MM 4 $301 $75,250
    Farmland loans - <$100k 2 $30 $15,000
    Farmland loans - $100-250k 2 $271 $135,500
    Agriculture operations loans - <$1MM 6 $252 $42,000
    Agriculture operations loans - <$100k 5 $26 $5,200
    Agriculture operations loans - $250k-1MM 1 $226 $226,000