Heritage Community Bank Mortgage Rates, Fees & Info

Chamois, MO

LEI: 5493004Z2SGQGCU5RB44

Tax ID: 43-0560840

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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

    Heritage Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Heritage Community Bank has a high proportion of conventional loans. Heritage Community Bank has a low ratio of conventional loans. Their top markets by origination volume include: St. Louis, Jefferson City, and Hannibal among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Heritage Community Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Heritage Community 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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    Originations

    157

    Origination Dollar Volume (All Markets)

    $21,805,000

    Employee count

    36

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 136 $19,350,000 $142,279 $971 5.68%
    Outside of Metro Areas 12 $1,530,000 $127,500 $1,774 5.35%
    JEFFERSON CITY, MO (FHA|USDA|VA) 8 $830,000 $103,750 $1,445 5.48%
    Hannibal, MO (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.25%
    Heritage Community Bank's top markets include St. Louis, Jefferson City, and Hannibal among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 150 $20,790,000 $138,600 $1,125 5.63%
    HELOC 3 $485,000 $161,667 n/a 6.17%
    Conventional 3 $465,000 $155,000 $0 0.00%
    VA 1 $65,000 $65,000 $0 5.50%

    For 2018, Heritage Community Bank's most frequently originated type of loan was Conventional, with 150 originations. Their 2nd most popular type was HELOC, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 102 $13,720,000 $134,510 $1,850 5.82%
    Refi 45 $7,165,000 $159,222 $626 5.33%
    Home Improvement 5 $305,000 $61,000 $897 5.24%
    Other 5 $615,000 $123,000 $1,861 5.16%

    For 2018, Heritage Community Bank's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Refi, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 90 $12,970,000 $144,111 $910 5.91%
    1 Year 19 $3,215,000 $169,211 $1,927 5.28%
    3 Year 15 $1,765,000 $117,667 $0 5.33%
    30 Year 10 $2,080,000 $208,000 $1,178 5.07%
    20 Year 10 $820,000 $82,000 $1,328 5.30%
    10 Year 6 $640,000 $106,667 $802 5.45%
    15 Year 6 $300,000 $50,000 $1,042 5.35%
    5 Year 1 $15,000 $15,000 $0 5.25%

    For 2018, Heritage Community Bank's most frequently cited loan duration was Other, with 90 originations. The 2nd most popular length was 1 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 32 $4,560,000 $142,500

    Heritage Community Bank's average total fees were $1,178, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 32 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 93 $12,945,000 $139,194
    6-7% 33 $3,805,000 $115,303
    4-5% 28 $4,590,000 $163,929

    During 2018, Heritage Community Bank's average interest rate for loans was 5.07%, while their most frequently originated rate bucket for loans was 5-6%, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 66 $3,700,000 $56,061 $772 5.64%
    $100k-200k 57 $7,835,000 $137,456 $1,270 5.78%
    $200k-400k 30 $7,980,000 $266,000 $1,463 5.44%
    $400k-600k 2 $910,000 $455,000 $1,746 4.88%
    $600k-1MM 2 $1,380,000 $690,000 $0 5.50%

    2018 saw Heritage Community Bank place emphasis on $100,000 or less loans with 66 originations, totaling $3,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 13 $1,975,000 $151,923 $933 5.33%
    $50k or less 12 $1,100,000 $91,667 $1,010 5.35%
    $150k-250k 10 $1,640,000 $164,000 $1,210 5.15%
    $75k-100k 10 $1,020,000 $102,000 $916 5.37%
    $100k-150k 8 $740,000 $92,500 $1,586 5.23%
    $250k+ 5 $1,415,000 $283,000 $3,387 5.14%

    Heritage Community Bank lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $50k or less, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 16 $1,530,000 $95,625 $1,281 5.28%
    >60% 7 $1,245,000 $177,857 $834 5.12%
    <20% 6 $880,000 $146,667 $851 5.16%
    30-36% 5 $645,000 $129,000 $724 5.25%
    37% 4 $670,000 $167,500 $1,693 5.11%
    Exempt% 3 $465,000 $155,000 $0 0.00%
    42% 2 $230,000 $115,000 $1,381 5.63%
    48% 2 $360,000 $180,000 $0 4.88%
    50-60% 2 $340,000 $170,000 $945 5.38%
    46% 1 $215,000 $215,000 $1,973 4.75%
    41% 1 $25,000 $25,000 $304 6.00%
    36% 1 $25,000 $25,000 $0 5.13%

    Heritage Community Bank lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? >60%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 97 $13,665,000 $140,876 $0 5.87%
    White 59 $8,115,000 $137,542 $1,125 5.28%
    Black 1 $25,000 $25,000 $0 5.13%

    Approval Rates

    Total approvals of all applications
    98.28%

    Heritage 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
    91.72%

    Heritage Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 3 $465,000 $155,000
    NA 154 $21,340,000 $138,571

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $775,000 $775,000
    Multifamily:Site-Built 3 $725,000 $241,667
    Single Family (1-4 Units):Manufactured 4 $320,000 $80,000
    Single Family (1-4 Units):Site-Built 149 $19,985,000 $134,128

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,770,000 $147,500 $1,789 5.55%
    40-60% 20 $2,340,000 $117,000 $719 5.75%
    60-80% 72 $10,340,000 $143,611 $1,203 5.68%
    80-100% 37 $6,425,000 $173,649 $1,059 5.64%
    Under 20% 13 $465,000 $35,769 $596 5.31%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Heritage Community Bank 100 East Locust Street Union, MO 63084 Full Service B&M $40,010
    Heritage Community Bank 15967 State Highway 47 Marthasville, MO 63357 Full Service B&M $29,770
    Heritage Community Bank 801 Franklin Avenue Washington, MO 63090 Full Service B&M $25,785
    Heritage Community Bank First And Main Chamois, MO 65024 Full Service B&M $21,417

    For 2018, Heritage Community Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,410
    Net interest income $5,167
    Total noninterest income $640
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $113
    Trading account gains and fees $0
    Additional Noninterest Income $527
    Pre-tax net operating income $1,092
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,092
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,092
    Minority interest net income $0
    Net income $1,092
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,092

    Heritage Community Bank's gross interest income from loans was $6,410,000.
    Heritage Community Bank's net interest income from loans was $5,167,000.
    Heritage Community Bank's fee based income from loans was $113,000.
    Heritage Community Bank's net income from loans was $1,092,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,243
    Provision for credit losses $455
    Total noninterest expense $4,260
    Salaries and employee benefits $2,448
    Premises and equipment expense $383
    Additional noninterest expense $1,429
    Applicable income taxes $0
    Net charge-offs $578
    Cash dividends $1,050

    Heritage Community Bank's interest expense for loans was $1,243,000.
    Heritage Community Bank's payroll and benefits expense were $2,448,000.
    Heritage Community Bank's property, plant and equipment expenses $383,000.

    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 1.0%
    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 $116,893
    Deposits held in domestic offices $116,893
    Deposits by Individuals, partnerships, and corporations $99,105
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,414
    Deposits by Commercial banks and other depository institutions in U.S. $8,374
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $25,081
    Demand deposits $25,000
    Nontransaction accounts $91,812
    Money market deposit accounts (MMDAs) $30,862
    Other savings deposits (excluding MMDAs) $9,551
    Total time deposits $51,398
    Total time and savings deposits $91,893
    Noninterest-bearing deposits $16,924
    Interest-bearing deposits $99,969
    Retail deposits $111,375
    IRAs and Keogh plan accounts $3,986
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $142,400
    Cash & Balances due from depository institutions $1,660
    Interest-bearing balances $735
    Total securities $7,375
    Federal funds sold & reverse repurchase $109
    Net loans and leases $124,374
    Loan and leases loss allowance $1,571
    Trading account assets $0
    Bank premises and fixed assets $2,837
    Other real estate owned $1,626
    Goodwill and other intangibles $403
    All other assets $4,016

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $142,400
    Total Liabilities $128,977
    Total deposits $116,893
    Interest-bearing deposits $99,969
    Deposits held in domestic offices $116,893
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $1,363
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $721

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $124,374
    Loan and leases loss allowance $1,571
    Total loans and leases (domestic) $125,945
    All real estate loans $103,058
    Real estate loans in domestic offices $103,058
    Construction and development loans $23,748
    Residential 1-4 family construction $5,772
    Other construction, all land development and other land $17,976
    Loans secured by nonfarm nonresidential properties $21,669
    Nonfarm nonresidential secured by owner-occupied properties $11,625
    Commercial real estate & other non-farm, non-residential $10,044
    Multifamily residential real estate $2,729
    1-4 family residential loans $36,872
    Farmland loans $18,040
    Loans held in foreign offices $0
    Farm loans $4,599
    Commercial and industrial loans $15,800
    To non-U.S. addressees $0
    Loans to individuals $2,410
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,210
    Other loans to individuals $1,200
    All other loans & leases $78
    Loans to foreign governments and official institutions $0
    Other loans $13
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Heritage Community Bank had $124,374,000 of loans outstanding in 2018. $103,058,000 of loans were in real estate loans. $23,748,000 of loans were in development loans. $2,729,000 of loans were in multifamily mortgage loans. $36,872,000 of loans were in 1-4 family mortgage loans. $4,599,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,210,000 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 84 $16,885 $201,012
    Nonfarm, nonresidential loans - <$100k 24 $1,106 $46,083
    Nonfarm, nonresidential loans - $100-250k 21 $2,570 $122,381
    Nonfarm, nonresidential loans - $250k-1MM 39 $13,209 $338,692
    Commercial & Industrial, US addressed loans - <$1MM 142 $10,095 $71,092
    Commercial & Industrial, US addressed loans - <$100k 96 $1,857 $19,344
    Commercial & Industrial, US addressed loans - $100-250k 24 $2,312 $96,333
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $5,926 $269,364
    Farmland loans - <$1MM 56 $9,147 $163,339
    Farmland loans - <$100k 15 $795 $53,000
    Farmland loans - $100-250k 24 $3,413 $142,208
    Farmland loans - $250k-1MM 17 $4,939 $290,529
    Agriculture operations loans - <$1MM 62 $2,368 $38,194
    Agriculture operations loans - <$100k 55 $1,317 $23,945
    Agriculture operations loans - $100-250k 4 $400 $100,000
    Agriculture operations loans - $250k-1MM 3 $651 $217,000