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. Their top two markets are St. Louis and Jefferson City .

    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.

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    Originations

    168

    Origination Dollar Volume (All Markets)

    $27,510,000

    Employee count

    41

    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) 149 $25,365,000 $170,235 $0 0.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 5 $1,145,000 $229,000 $0 0.00%
    Outside of Metro Areas 14 $1,000,000 $71,429 $0 0.00%
    Heritage Community Bank's top markets include St. Louis and Jefferson City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 168 $27,510,000 $163,750 $0 0.00%

    For 2019, Heritage Community Bank's most frequently originated type of loan was Conventional, with 168 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 111 $15,665,000 $141,126 $0 0.00%
    Refi 49 $10,915,000 $222,755 $0 0.00%
    Home Improvement 6 $670,000 $111,667 $0 0.00%
    Other 2 $260,000 $130,000 $0 0.00%

    For 2019, Heritage Community Bank's most frequently cited loan purpose was Home Purchase, with 111 originations. The 2nd most popular reason was Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 168 $27,510,000 $163,750 $0 0.00%

    For 2019, Heritage Community Bank's most frequently cited loan duration was Other, with 168 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 72 $4,160,000 $57,778 $0 0.00%
    $100k-200k 52 $7,120,000 $136,923 $0 0.00%
    $200k-400k 33 $8,795,000 $266,515 $0 0.00%
    $400k-600k 8 $3,680,000 $460,000 $0 0.00%
    $600k-1MM 2 $1,500,000 $750,000 $0 0.00%
    $1MM+ 1 $2,255,000 $2,255,000 $0 0.00%

    2019 saw Heritage Community Bank place emphasis on $100,000 or less loans with 72 originations, totaling $4,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 20 $3,350,000 $167,500 $0 0.00%
    $100k-150k 16 $4,040,000 $252,500 $0 0.00%
    $50k or less 12 $1,360,000 $113,333 $0 0.00%
    $250k+ 11 $4,315,000 $392,273 $0 0.00%
    $50k-75k 10 $1,510,000 $151,000 $0 0.00%
    $150k-250k 4 $710,000 $177,500 $0 0.00%

    Heritage Community Bank lent most frequently to those with incomes in the $75k-100k range, with 20 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 168 $27,510,000 $163,750 $0 0.00%

    Heritage Community Bank lent most frequently to those with DTI ratios of Exempt%, with 168 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $16,375,000 $192,647 $0 0.00%
    Not applicable 82 $10,790,000 $131,585 $0 0.00%
    Not provided 1 $345,000 $345,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.75%

    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
    97.02%

    Heritage Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 168 $27,510,000 $163,750

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $295,000 $295,000
    Single Family (1-4 Units):Manufactured 10 $1,320,000 $132,000
    Single Family (1-4 Units):Site-Built 157 $25,895,000 $164,936

    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 $45,311
    Heritage Community Bank 15967 State Highway 47 Marthasville, MO 63357 Full Service B&M $31,351
    Heritage Community Bank 801 Franklin Avenue Washington, MO 63090 Full Service B&M $22,725
    Heritage Community Bank First And Main Chamois, MO 65024 Full Service B&M $21,812

    For 2019, Heritage Community Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,235
    Net interest income $5,434
    Total noninterest income $811
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $118
    Trading account gains and fees $0
    Additional Noninterest Income $693
    Pre-tax net operating income $1,559
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,559
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,559
    Minority interest net income $0
    Net income $1,559
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,559

    Heritage Community Bank's gross interest income from loans was $7,235,000.
    Heritage Community Bank's net interest income from loans was $5,434,000.
    Heritage Community Bank's fee based income from loans was $118,000.
    Heritage Community Bank's net income from loans was $1,559,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,801
    Provision for credit losses $220
    Total noninterest expense $4,466
    Salaries and employee benefits $2,569
    Premises and equipment expense $416
    Additional noninterest expense $1,481
    Applicable income taxes $0
    Net charge-offs $12
    Cash dividends $435

    Heritage Community Bank's interest expense for loans was $1,801,000.
    Heritage Community Bank's payroll and benefits expense were $2,569,000.
    Heritage Community Bank's property, plant and equipment expenses $416,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    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 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $123,652
    Deposits held in domestic offices $123,652
    Deposits by Individuals, partnerships, and corporations $105,664
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,365
    Deposits by Commercial banks and other depository institutions in U.S. $8,623
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $27,266
    Demand deposits $27,196
    Nontransaction accounts $96,386
    Money market deposit accounts (MMDAs) $26,995
    Other savings deposits (excluding MMDAs) $9,758
    Total time deposits $59,632
    Total time and savings deposits $96,456
    Noninterest-bearing deposits $16,967
    Interest-bearing deposits $106,685
    Retail deposits $117,438
    IRAs and Keogh plan accounts $3,903
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $146,206
    Cash & Balances due from depository institutions $6,129
    Interest-bearing balances $3,002
    Total securities $6,780
    Federal funds sold & reverse repurchase $22
    Net loans and leases $125,478
    Loan and leases loss allowance $1,779
    Trading account assets $0
    Bank premises and fixed assets $2,866
    Other real estate owned $625
    Goodwill and other intangibles $403
    All other assets $3,903

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $146,206
    Total Liabilities $131,546
    Total deposits $123,652
    Interest-bearing deposits $106,685
    Deposits held in domestic offices $123,652
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $7,000
    Subordinated debt $0
    All other liabilities $894

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $125,478
    Loan and leases loss allowance $1,779
    Total loans and leases (domestic) $127,257
    All real estate loans $104,019
    Real estate loans in domestic offices $104,019
    Construction and development loans $20,002
    Residential 1-4 family construction $5,739
    Other construction, all land development and other land $14,263
    Loans secured by nonfarm nonresidential properties $23,212
    Nonfarm nonresidential secured by owner-occupied properties $13,606
    Commercial real estate & other non-farm, non-residential $9,606
    Multifamily residential real estate $1,946
    1-4 family residential loans $40,502
    Farmland loans $18,357
    Loans held in foreign offices $0
    Farm loans $3,257
    Commercial and industrial loans $17,617
    To non-U.S. addressees $0
    Loans to individuals $2,299
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,119
    Other loans to individuals $1,180
    All other loans & leases $65
    Loans to foreign governments and official institutions $0
    Other loans $8
    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 $969
    Non 1-4 family restructured loans & leases $516
    Total loans and leases (foreign) $0

    Heritage Community Bank had $125,478,000 of loans outstanding in 2019. $104,019,000 of loans were in real estate loans. $20,002,000 of loans were in development loans. $1,946,000 of loans were in multifamily mortgage loans. $40,502,000 of loans were in 1-4 family mortgage loans. $3,257,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,119,000 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 78 $14,859 $190,500
    Nonfarm, nonresidential loans - <$100k 19 $874 $46,000
    Nonfarm, nonresidential loans - $100-250k 24 $3,145 $131,042
    Nonfarm, nonresidential loans - $250k-1MM 35 $10,840 $309,714
    Commercial & Industrial, US addressed loans - <$1MM 145 $11,476 $79,145
    Commercial & Industrial, US addressed loans - <$100k 99 $2,446 $24,707
    Commercial & Industrial, US addressed loans - $100-250k 22 $1,945 $88,409
    Commercial & Industrial, US addressed loans - $250k-1MM 24 $7,085 $295,208
    Farmland loans - <$1MM 60 $10,200 $170,000
    Farmland loans - <$100k 15 $722 $48,133
    Farmland loans - $100-250k 23 $3,230 $140,435
    Farmland loans - $250k-1MM 22 $6,248 $284,000
    Agriculture operations loans - <$1MM 58 $1,919 $33,086
    Agriculture operations loans - <$100k 48 $1,081 $22,521
    Agriculture operations loans - $100-250k 6 $565 $94,167
    Agriculture operations loans - $250k-1MM 4 $273 $68,250