Hawthorn Bank Mortgage Rates, Fees & Info
Jefferson City, MOLEI: 54930023DLYUOD6GKQ42
Tax ID: 44-0241200
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Bank Data
Review & 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 by origination volume include: Columbia, Jefferson City, Kansas City, Springfield, and St. Louis among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)Hawthorn 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. Hawthorn Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 6.66% | 4/21/24 |
| 30 Year Conventional Refi | 6.73% | 4/21/24 |
| 30 Year Cash-out Refi | 7.04% | 4/21/24 |
| 30 Year FHA Purchase | 7.33% | 4/21/24 |
| 30 Year VA Purchase | 6.25% | 4/21/24 |
| 30 Year VA Refi | 6.04% | 4/21/24 |
| 30 Year USDA Purchase | 6.81% | 4/21/24 |
| 15 Year Conventional Purchase | 6.01% | 4/21/24 |
| 15 Year Conventional Refi | 6.30% | 4/21/24 |
| 15 Year Cash-out Refi | 6.30% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Hawthorn Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,307Origination Dollar Volume (All Markets)
$313,285,000Employee count
298Awards
Hawthorn Bank - 2021
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For 2021, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| 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% |
Similar Lenders
We use machine learning to identify the top lenders compared against Hawthorn Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2021, Hawthorn Bank's most frequently originated type of loan was Conventional, with 1,252 originations. Their 2nd most popular type was VA, with 24 originations.
Loan Reason
For 2021, Hawthorn Bank's most frequently cited loan purpose was Home Purchase, with 628 originations. The 2nd most popular reason was Refi, with 441 originations.
Loan Duration/Length
For 2021, Hawthorn Bank's most frequently cited loan duration was 30 Year, with 702 originations. The 2nd most popular length was 15 Year, with 280 originations.
Origination Fees/Closing Costs
Hawthorn Bank's average total fees were $2,423, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 500 originations.
Loan Sizing
2021 saw Hawthorn Bank place emphasis on $100k-200k loans with 517 originations, totaling $75,405,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.73%
Hawthorn Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.54%
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 |
LTV Distribution
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| 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 | 211 West Dunklin Street Jefferson City, MO 65101 | Full Service B&M | $61,873 |
| 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 |