Hawthorn Bank Mortgage Rates, Fees & Info

Jefferson City, MO

LEI: 54930023DLYUOD6GKQ42

Tax ID: 44-0241200

5 stars - out of 5 stars, based on 36 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Hawthorn Bank is a smaller bank specializing in Home Purchase and Refi loans. Hawthorn Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Columbia, Jefferson City, Kansas City, Springfield, and St. Louis among others. Hawthorn Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Hawthorn Bank is typically a low fee lendor.


Originations

1,307

Origination Dollar Volume (All Markets)

$313,285,000

Employee count

298 Show all (12) awards

Relative Rate

Hawthorn Bank's average 30 year fixed rate mortgage of loans were 3.04%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.11%.

Relative Fees

Hawthorn Bank's average total fees for a 30 year fixed rate mortgage are $2,423.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
COLUMBIA, MO (FHA|USDA|VA) 283 $69,855,000 $246,837 $1,957 3.24%
JEFFERSON CITY, MO (FHA|USDA|VA) 307 $53,205,000 $173,306 $2,067 3.12%
KANSAS CITY, MO-KS (FHA|USDA|VA) 205 $51,075,000 $249,146 $2,497 3.21%
SPRINGFIELD, MO (FHA|USDA|VA) 99 $39,295,000 $396,919 $2,831 2.94%
Outside of Metro Areas 219 $38,465,000 $175,639 $2,506 3.24%
ST. LOUIS, MO-IL (FHA|USDA|VA) 105 $25,595,000 $243,762 $2,574 2.96%
Maryville, MO (FHA|USDA|VA) 2 $8,970,000 $4,485,000 $0 3.80%
Warrensburg, MO (FHA|USDA|VA) 17 $7,355,000 $432,647 $2,203 3.72%
Branson, MO (FHA|USDA|VA) 8 $5,920,000 $740,000 $2,407 3.37%
Fort Leonard Wood, MO (FHA|USDA|VA) 14 $2,610,000 $186,429 $2,389 3.54%
Sedalia, MO (FHA|USDA|VA) 8 $1,230,000 $153,750 $2,387 2.89%
West Plains, MO (FHA|USDA|VA) 2 $1,190,000 $595,000 $2,222 3.79%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $820,000 $410,000 $4,197 3.50%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $690,000 $345,000 $2,585 2.50%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $670,000 $335,000 $3,851 2.63%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 4 $550,000 $137,500 $2,264 3.91%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $465,000 $465,000 $0 3.90%
TOPEKA, KS (FHA|USDA|VA) 2 $450,000 $225,000 $4,145 3.12%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $420,000 $210,000 $2,019 2.69%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $395,000 $395,000 $3,489 2.38%
COLUMBUS, IN (FHA|USDA|VA) 1 $365,000 $365,000 $2,116 2.99%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $365,000 $365,000 $8,469 2.13%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $345,000 $345,000 $2,938 2.63%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $285,000 $285,000 $2,227 2.50%
Lebanon, MO (FHA|USDA|VA) 3 $275,000 $91,667 $2,204 3.21%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $225,000 $225,000 $1,818 2.38%
LAWRENCE, KS (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.25%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $3,505 2.75%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $205,000 $205,000 $2,107 2.63%
Ottawa, KS (FHA|USDA|VA) 1 $205,000 $205,000 $1,774 3.13%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,868 2.25%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $185,000 $185,000 $9,459 2.75%
MANHATTAN, KS (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.95%
JOPLIN, MO (FHA|USDA|VA) 1 $185,000 $185,000 $2,675 2.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $125,000 $125,000 $2,900 2.63%
THE VILLAGES, FL (FHA|USDA|VA) 1 $115,000 $115,000 $1,703 2.75%
Rolla, MO (FHA|USDA|VA) 1 $115,000 $115,000 $2,582 3.38%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.50%
Alamogordo, NM (FHA|USDA|VA) 1 $95,000 $95,000 $2,485 3.63%
Farmington, MO (FHA|USDA|VA) 1 $75,000 $75,000 $2,749 3.00%

Hawthorn Bank's top markets include Columbia, Jefferson City, Kansas City, Springfield, and St. Louis among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,252 $301,450,000 $240,775 $2,210 3.19%
VA 24 $6,690,000 $278,750 $4,666 2.44%
FHA 16 $3,240,000 $202,500 $5,682 2.74%
USDA 15 $1,905,000 $127,000 $3,378 2.90%

For the 2021 period, Hawthorn Bank's most frequently originated loan type of loans were Conventional, with 1,252 originations. Their 2nd most popular type is VA, with 24 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 628 $151,090,000 $240,589 $2,556 3.37%
Refi 441 $114,845,000 $260,420 $2,096 2.96%
Cash Out Refi 219 $44,445,000 $202,945 $2,365 2.98%
Other 15 $2,415,000 $161,000 $2,013 3.07%
Home Improvement 4 $490,000 $122,500 $0 4.25%

For the 2021, Hawthorn Bank's most frequently cited loan purpose of loans were Home Purchase, with 628 originations. The 2nd most popular reason of loans were Refi, with 441 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 702 $160,630,000 $228,818 $2,423 3.04%
15 Year 280 $47,830,000 $170,821 $2,220 2.77%
20 Year 132 $27,750,000 $210,227 $2,087 3.52%
Other 117 $47,615,000 $406,966 $2,027 3.91%
5 Year 48 $25,420,000 $529,583 $0 4.15%
10 Year 23 $2,965,000 $128,913 $2,263 3.79%
3 Year 4 $600,000 $150,000 $0 4.02%
1 Year 1 $475,000 $475,000 $0 4.50%

For the 2021, Hawthorn Bank's most frequently cited loan length of loans were 30 Year, with 702 originations. The 2nd most popular length of loans were 15 Year, with 280 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 910 $200,290,000 $220,099
$1k-2k 57 $11,785,000 $206,754
$2k-3k 7 $2,055,000 $293,571
$5k+ 2 $540,000 $270,000
$3k-4k 1 $515,000 $515,000

$2,423 of loans were Hawthorn Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 910 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 500 $107,130,000 $214,260
3-4% 492 $133,030,000 $270,386
<2.5% 170 $42,030,000 $247,235
4-5% 142 $30,860,000 $217,324
5-6% 3 $235,000 $78,333

During 2021, Hawthorn Bank's average interest rate of loans were 3.04%, while their most frequently originated rate bucket of loans were 2.5-3%, with 500 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 517 $75,405,000 $145,851 $2,236 3.18%
$200k-400k 427 $116,145,000 $272,002 $2,415 2.97%
$100,000 or less 234 $16,860,000 $72,051 $2,101 3.47%
$400k-600k 95 $45,975,000 $483,947 $2,854 3.07%
$1MM+ 17 $45,765,000 $2,692,059 $3,792 3.60%
$600k-1MM 17 $13,135,000 $772,647 $3,030 3.64%

2021 saw Hawthorn Bank place emphasis on $100k-200k loans with 517 originations, totaling $75,405,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 253 $59,185,000 $233,933 $2,373 2.97%
$50k-75k 232 $37,760,000 $162,759 $2,271 2.99%
$50k or less 193 $23,085,000 $119,611 $2,320 3.09%
$75k-100k 176 $36,760,000 $208,864 $2,360 2.95%
$150k-250k 119 $35,325,000 $296,849 $2,586 3.02%
$250k+ 92 $31,600,000 $343,478 $2,385 3.33%

Hawthorn Bank lent most frequently to those with incomes in the $100k-150k range, with 253 originations. The second most popular income band? $50k-75k, with 232 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 281 $58,235,000 $207,242 $2,163 2.90%
30-36% 196 $44,890,000 $229,031 $2,434 2.93%
<20% 141 $27,405,000 $194,362 $2,200 2.87%
40% 45 $8,085,000 $179,667 $2,391 3.06%
38% 42 $9,370,000 $223,095 $2,384 2.91%
36% 42 $7,260,000 $172,857 $2,407 2.98%
41% 37 $9,755,000 $263,649 $2,454 3.04%
39% 36 $7,600,000 $211,111 $2,267 3.08%
37% 36 $8,400,000 $233,333 $2,826 3.00%
43% 31 $7,035,000 $226,935 $2,416 2.87%
42% 30 $6,090,000 $203,000 $2,441 2.96%
44% 30 $5,330,000 $177,667 $2,468 3.07%
46% 27 $6,745,000 $249,815 $2,801 2.92%
47% 21 $4,905,000 $233,571 $2,619 2.89%
45% 17 $4,335,000 $255,000 $2,687 2.97%
48% 13 $3,125,000 $240,385 $2,218 3.07%
49% 9 $1,805,000 $200,556 $2,659 2.93%
>60% 3 $795,000 $265,000 $2,138 3.25%
50-60% 1 $195,000 $195,000 $1,840 3.13%

Hawthorn Bank lent most frequently to those with DTI ratios of 20-30%, with 281 originations. The next most common DTI ratio? 30-36%, with 196 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,043 $216,155,000 $207,244 $2,342 3.01%
Not applicable 197 $80,265,000 $407,437 $0 4.05%
Asian 28 $9,800,000 $350,000 $2,586 3.12%
Not provided 22 $3,950,000 $179,545 $2,019 3.07%
Black 11 $1,695,000 $154,091 $2,644 2.97%
American Indian 6 $1,420,000 $236,667 $2,371 3.04%

Approval Rates

Total approvals of all applications
90.98%

Hawthorn Bank has an average approval rate.

Pick Rate

Approvals leading to origination
83.12%

Hawthorn Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,307 $313,285,000 $239,698

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,307 $313,285,000 $239,698

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 74 $28,270,000 $382,027 $2,102 3.25%
40-60% 219 $44,585,000 $203,584 $2,162 3.01%
60-80% 578 $137,830,000 $238,460 $2,255 3.15%
80-100% 411 $99,125,000 $241,180 $2,517 3.24%
Over 100% 8 $1,790,000 $223,750 $8,781 3.13%
Under 20% 17 $1,685,000 $99,118 $1,094 3.73%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Hawthorn Bank 211 West Dunklin Street Jefferson City, MO 65101 Full Service B&M $61,873
Hawthorn Bank 100 Plaza Drive Harrisonville, MO 64701 Full Service B&M $115,999
Hawthorn Bank 1000 West Buchanan California, MO 65018 Full Service B&M $34,633
Hawthorn Bank 102 North Second Street Clinton, MO 64735 Full Service B&M $143,048
Hawthorn Bank 1110 Club Village Drive Columbia, MO 65203 Full Service B&M $56,171
Hawthorn Bank 115 South Second Drexel, MO 64742 Full Service B&M $34,634
Hawthorn Bank 132 East High Street Jefferson City, MO 65101 Full Service B&M $275,280
Hawthorn Bank 1400 East Ohio Street Clinton, MO 64735 Full Service B&M $123,278
Hawthorn Bank 1712 East Ohio Clinton, MO 64735 Limited, Drive-thru $2,522
Hawthorn Bank 17430 East 39th Street Independence, MO 64055 Full Service B&M $34,969
Hawthorn Bank 1891 Commercial Warsaw, MO 65355 Full Service B&M $49,671
Hawthorn Bank 200 Main Warsaw, MO 65355 Full Service B&M $55,604
Hawthorn Bank 220 West White Oak Independence, MO 64051 Full Service B&M $20,493
Hawthorn Bank 300 Sw Longview Boulevard Lees Summit, MO 64081 Full Service B&M $40,468
Hawthorn Bank 321 West Battlefield Road Springfield, MO 65807 Full Service B&M $33,899
Hawthorn Bank 3701 West Truman Blvd Jefferson City, MO 65101 Full Service B&M $119,257
Hawthorn Bank 4th And Chestnut Osceola, MO 64776 Full Service B&M $20,530
Hawthorn Bank 595 Vfw Memorial Dr St. Robert, MO 65584 Full Service B&M $17,870
Hawthorn Bank 800 Eastland Drive Jefferson City, MO 65101 Full Service B&M $56,489
Hawthorn Bank 803 Walnut Street Columbia, MO 65201 Full Service B&M $15,312
Hawthorn Bank 8127 East 171st Street Belton, MO 64012 Full Service B&M $70,834

For 2021, Hawthorn Bank had 21 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $64,397
Net interest income $59,714
Total noninterest income $17,558
Gross Fiduciary activities income $1,324
Service charges on deposit accounts $2,418
Trading account gains and fees $0
Additional Noninterest Income $13,816
Pre-tax net operating income $31,769
Securities gains (or losses, -) $149
Income before extraordinary items $25,200
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $25,200
Minority interest net income $0
Net income $25,200
Sale, conversion, retirement of capital stock, net $0
Net operating income $25,082

Hawthorn Bank's gross interest income from loans was $64,397,000.
Hawthorn Bank's net interest income from loans was $59,714,000.
Hawthorn Bank's fee based income from loans was $2,418,000.
Hawthorn Bank's net income from loans was $25,200,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,683
Provision for credit losses $-1,700
Total noninterest expense $47,203
Salaries and employee benefits $25,475
Premises and equipment expense $6,142
Additional noninterest expense $15,586
Applicable income taxes $6,718
Net charge-offs $-490
Cash dividends $7,500

Hawthorn Bank's interest expense for loans was $4,683,000.
Hawthorn Bank's payroll and benefits expense were $25,475,000.
Hawthorn Bank's property, plant and equipment expenses $6,142,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 1.0%
Real Estate loans 2.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 4.0%
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 $1,518,653
Deposits held in domestic offices $1,518,653
Deposits by Individuals, partnerships, and corporations $1,290,201
Deposits by U.S. Government $51
Deposits by States and political subdivisions in the U.S. $226,361
Deposits by Commercial banks and other depository institutions in U.S. $2,040
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $812,723
Demand deposits $526,515
Nontransaction accounts $705,930
Money market deposit accounts (MMDAs) $285,510
Other savings deposits (excluding MMDAs) $175,023
Total time deposits $245,396
Total time and savings deposits $992,138
Noninterest-bearing deposits $454,898
Interest-bearing deposits $1,063,755
Retail deposits $1,429,376
IRAs and Keogh plan accounts $39,970
Brokered deposits $20,202
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,823,981
Cash & Balances due from depository institutions $154,935
Interest-bearing balances $137,721
Total securities $308,493
Federal funds sold & reverse repurchase $7,122
Net loans and leases $1,287,479
Loan and leases loss allowance $16,903
Trading account assets $0
Bank premises and fixed assets $32,719
Other real estate owned $8,845
Goodwill and other intangibles $2,659
All other assets $21,729

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,823,981
Total Liabilities $1,630,377
Total deposits $1,518,653
Interest-bearing deposits $1,063,755
Deposits held in domestic offices $1,518,653
% insured (estimated) $66
Federal funds purchased and repurchase agreements $23,829
Trading liabilities $0
Other borrowed funds $77,419
Subordinated debt $0
All other liabilities $10,476

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,287,479
Loan and leases loss allowance $16,903
Total loans and leases (domestic) $1,304,382
All real estate loans $1,064,140
Real estate loans in domestic offices $1,064,140
Construction and development loans $119,289
Residential 1-4 family construction $27,920
Other construction, all land development and other land $91,369
Loans secured by nonfarm nonresidential properties $504,428
Nonfarm nonresidential secured by owner-occupied properties $173,186
Commercial real estate & other non-farm, non-residential $331,242
Multifamily residential real estate $67,099
1-4 family residential loans $281,595
Farmland loans $91,729
Loans held in foreign offices $0
Farm loans $23,213
Commercial and industrial loans $154,881
To non-U.S. addressees $0
Loans to individuals $23,028
Credit card loans $1,536
Related Plans $216
Consumer Auto Loans $12,992
Other loans to individuals $8,284
All other loans & leases $39,120
Loans to foreign governments and official institutions $0
Other loans $15,140
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 $0
Restructured Loans & leases $1,743
Non 1-4 family restructured loans & leases $533
Total loans and leases (foreign) $0

Hawthorn Bank had $1,287,479,000 of loans outstanding in 2021. $1,064,140,000 of loans were in real estate loans. $119,289,000 of loans were in development loans. $67,099,000 of loans were in multifamily mortgage loans. $281,595,000 of loans were in 1-4 family mortgage loans. $23,213,000 of loans were in farm loans. $1,536,000 of loans were in credit card loans. $12,992,000 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 417 $103,729 $248,751
Nonfarm, nonresidential loans - <$100k 77 $3,559 $46,221
Nonfarm, nonresidential loans - $100-250k 110 $13,110 $119,182
Nonfarm, nonresidential loans - $250k-1MM 230 $87,060 $378,522
Commercial & Industrial, US addressed loans - <$1MM 688 $63,138 $91,770
Commercial & Industrial, US addressed loans - <$100k 385 $7,560 $19,636
Commercial & Industrial, US addressed loans - $100-250k 153 $13,939 $91,105
Commercial & Industrial, US addressed loans - $250k-1MM 150 $41,639 $277,593
Farmland loans - <$1MM 319 $38,455 $120,549
Farmland loans - <$100k 121 $5,010 $41,405
Farmland loans - $100-250k 129 $15,729 $121,930
Farmland loans - $250k-1MM 69 $17,716 $256,754
Agriculture operations loans - <$1MM 260 $12,496 $48,062
Agriculture operations loans - <$100k 195 $4,011 $20,569
Agriculture operations loans - $100-250k 45 $4,538 $100,844
Agriculture operations loans - $250k-1MM 20 $3,947 $197,350