Highpoint Community Bank Mortgage Rates, Fees & Info

Hastings, MI

LEI: 254900VOHINLR793U293

Tax ID: 38-0633620

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Highpoint Community Bank is a smaller bank specializing in Refi and Cash Out 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 Cape Coral among others. We have data for 12 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

Originations

300

Origination Dollar Volume (All Markets)

$57,840,000

Employee count

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	193	$34,415,000	$178,316	$0	0.00%
GRAND RAPIDS-KENTWOOD, MI (FHA\|USDA\|VA)	57	$13,455,000	$236,053	$0	0.00%
Holland, MI (FHA\|USDA\|VA)	20	$4,850,000	$242,500	$0	0.00%
LANSING-EAST LANSING, MI (FHA\|USDA\|VA)	14	$2,320,000	$165,714	$0	0.00%
BATTLE CREEK, MI (FHA\|USDA\|VA)	9	$1,395,000	$155,000	$0	0.00%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$455,000	$455,000	$0	0.00%
MUSKEGON, MI (FHA\|USDA\|VA)	1	$285,000	$285,000	$0	0.00%
KALAMAZOO-PORTAGE, MI (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	0.00%
Coldwater, MI (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	0.00%
FLINT, MI (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	0.00%
Cadillac, MI (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	0.00%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	0.00%

Highpoint Community Bank's top markets include Grand Rapids, Holland, Lansing, Battle Creek, and Cape Coral among others.

Their top states include:

Michigan (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	300	$57,840,000	$192,800	$0	0.00%

For 2020, Highpoint Community Bank's most frequently originated type of loan was Conventional, with 300 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	143	$27,325,000	$191,084	$0	0.00%
Cash Out Refi	98	$19,650,000	$200,510	$0	0.00%
Home Purchase	47	$9,865,000	$209,894	$0	0.00%
Home Improvement	7	$625,000	$89,286	$0	0.00%
Other	5	$375,000	$75,000	$0	0.00%

For 2020, Highpoint Community Bank's most frequently cited loan purpose was Refi, with 143 originations. The 2nd most popular reason was Cash Out Refi, with 98 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	300	$57,840,000	$192,800	$0	0.00%

For 2020, Highpoint Community Bank's most frequently cited loan duration was Other, with 300 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	142	$21,420,000	$150,845	$0	0.00%
$200k-400k	81	$20,585,000	$254,136	$0	0.00%
$100,000 or less	55	$3,505,000	$63,727	$0	0.00%
$400k-600k	18	$8,370,000	$465,000	$0	0.00%
$600k-1MM	3	$2,535,000	$845,000	$0	0.00%
$1MM+	1	$1,425,000	$1,425,000	$0	0.00%

2020 saw Highpoint Community Bank place emphasis on $100k-200k loans with 142 originations, totaling $21,420,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	70	$12,960,000	$185,143	$0	0.00%
$50k-75k	62	$8,980,000	$144,839	$0	0.00%
$75k-100k	60	$10,640,000	$177,333	$0	0.00%
$50k or less	39	$4,045,000	$103,718	$0	0.00%
$150k-250k	31	$9,495,000	$306,290	$0	0.00%
$250k+	21	$8,415,000	$400,714	$0	0.00%

Highpoint Community Bank lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $50k-75k, with 62 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	300	$57,840,000	$192,800	$0	0.00%

Highpoint Community Bank lent most frequently to those with DTI ratios of Exempt%, with 300 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	267	$49,255,000	$184,476	$0	0.00%
Not provided	27	$7,455,000	$276,111	$0	0.00%
Asian Indian	1	$515,000	$515,000	$0	0.00%
Asian	2	$230,000	$115,000	$0	0.00%
Not applicable	1	$185,000	$185,000	$0	0.00%
American Indian	1	$155,000	$155,000	$0	0.00%
Black	1	$45,000	$45,000	$0	0.00%

Approval Rates

Total approvals of all applications
98.88%

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
82.67%

Highpoint Community Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	300	$57,840,000	$192,800

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Manufactured	4	$350,000	$87,500
Single Family (1-4 Units):Site-Built	296	$57,490,000	$194,223

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	$12,805
Highpoint Community Bank	124 West Michigan Avenue Marshall, MI 49068	Full Service B&M	$7,681
Highpoint Community Bank	150 West Court Street Hastings, MI 49058	Full Service B&M	$170,032
Highpoint Community Bank	156 West Superior Street Wayland, MI 49348	Full Service B&M	$16,579
Highpoint Community Bank	310 North Main Street Nashville, MI 49073	Full Service B&M	$26,973
Highpoint Community Bank	435 Arlington Street Middleville, MI 49333	Full Service B&M	$43,850
Highpoint Community Bank	9265 Cherry Valley Avenue, S.E. Caledonia, MI 49316	Full Service B&M	$18,862

For 2020, Highpoint Community Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$12,279
Net interest income	$11,041
Total noninterest income	$3,421
Gross Fiduciary activities income	$489
Service charges on deposit accounts	$575
Trading account gains and fees	$0
Additional Noninterest Income	$2,357
Pre-tax net operating income	$2,920
Securities gains (or losses, -)	$3
Income before extraordinary items	$2,762
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$2,762
Minority interest net income	$0
Net income	$2,762
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$2,759

Highpoint Community Bank's gross interest income from loans was $12,279,000.
Highpoint Community Bank's net interest income from loans was $11,041,000.
Highpoint Community Bank's fee based income from loans was $575,000.
Highpoint Community Bank's net income from loans was $2,762,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,238
Provision for credit losses	$610
Total noninterest expense	$10,932
Salaries and employee benefits	$6,126
Premises and equipment expense	$1,473
Additional noninterest expense	$3,333
Applicable income taxes	$161
Net charge-offs	$-9
Cash dividends	$961

Highpoint Community Bank's interest expense for loans was $1,238,000.
Highpoint Community Bank's payroll and benefits expense were $6,126,000.
Highpoint Community Bank's property, plant and equipment expenses $1,473,000.

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	1.0%
HELOC loans	0.0%
All other family	1.0%
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	$333,633
Deposits held in domestic offices	$333,633
Deposits by Individuals, partnerships, and corporations	$293,685
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$39,948
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	$40,126
Demand deposits	$31,665
Nontransaction accounts	$293,507
Money market deposit accounts (MMDAs)	$190,194
Other savings deposits (excluding MMDAs)	$71,246
Total time deposits	$32,067
Total time and savings deposits	$301,968
Noninterest-bearing deposits	$70,939
Interest-bearing deposits	$262,694
Retail deposits	$329,598
IRAs and Keogh plan accounts	$6,897
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$395,737
Cash & Balances due from depository institutions	$73,320
Interest-bearing balances	$63,885
Total securities	$61,657
Federal funds sold & reverse repurchase	$0
Net loans and leases	$242,014
Loan and leases loss allowance	$1,928
Trading account assets	$0
Bank premises and fixed assets	$8,203
Other real estate owned	$0
Goodwill and other intangibles	$351
All other assets	$10,192

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$395,737
Total Liabilities	$360,005
Total deposits	$333,633
Interest-bearing deposits	$262,694
Deposits held in domestic offices	$333,633
% insured (estimated)	$78
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$24,000
Subordinated debt	$0
All other liabilities	$2,372

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$242,014
Loan and leases loss allowance	$1,928
Total loans and leases (domestic)	$243,942
All real estate loans	$159,466
Real estate loans in domestic offices	$159,466
Construction and development loans	$6,934
Residential 1-4 family construction	$1,123
Other construction, all land development and other land	$5,811
Loans secured by nonfarm nonresidential properties	$52,035
Nonfarm nonresidential secured by owner-occupied properties	$28,407
Commercial real estate & other non-farm, non-residential	$23,628
Multifamily residential real estate	$1,027
1-4 family residential loans	$99,463
Farmland loans	$7
Loans held in foreign offices	$0
Farm loans	$58
Commercial and industrial loans	$26,780
To non-U.S. addressees	$0
Loans to individuals	$10,396
Credit card loans	$0
Related Plans	$358
Consumer Auto Loans	$6,797
Other loans to individuals	$3,241
All other loans & leases	$47,242
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	$510
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$898
Non 1-4 family restructured loans & leases	$41
Total loans and leases (foreign)	$0

Highpoint Community Bank had $242,014,000 of loans outstanding in 2020. $159,466,000 of loans were in real estate loans. $6,934,000 of loans were in development loans. $1,027,000 of loans were in multifamily mortgage loans. $99,463,000 of loans were in 1-4 family mortgage loans. $58,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,797,000 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	125	$31,670	$253,360
Nonfarm, nonresidential loans - <$100k	30	$1,337	$44,567
Nonfarm, nonresidential loans - $100-250k	37	$5,278	$142,649
Nonfarm, nonresidential loans - $250k-1MM	58	$25,055	$431,983
Commercial & Industrial, US addressed loans - <$1MM	212	$12,223	$57,656
Commercial & Industrial, US addressed loans - <$100k	165	$4,661	$28,248
Commercial & Industrial, US addressed loans - $100-250k	28	$3,059	$109,250
Commercial & Industrial, US addressed loans - $250k-1MM	19	$4,503	$237,000
Farmland loans - <$1MM	1	$7	$7,000
Farmland loans - <$100k	1	$7	$7,000
Agriculture operations loans - <$1MM	5	$58	$11,600
Agriculture operations loans - <$100k	5	$58	$11,600