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 markets by origination volume include: St. Louis, Sedalia, Branson, Springfield, and Columbia among others. We have data for 9 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.

    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

    203

    Origination Dollar Volume (All Markets)

    $44,905,000

    Employee count

    39

    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) 166 $34,330,000 $206,807 $0 0.00%
    Outside of Metro Areas 23 $7,495,000 $325,870 $0 0.00%
    Sedalia, MO (FHA|USDA|VA) 2 $1,400,000 $700,000 $0 0.00%
    Branson, MO (FHA|USDA|VA) 3 $635,000 $211,667 $0 0.00%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    COLUMBIA, MO (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 4 $160,000 $40,000 $0 0.00%
    Farmington, MO (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Heritage Community Bank's top markets include St. Louis, Sedalia, Branson, Springfield, and Columbia among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 203 $44,905,000 $221,207 $0 0.00%

    For 2021, Heritage Community Bank's most frequently originated type of loan was Conventional, with 203 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 148 $34,310,000 $231,824 $0 0.00%
    Refi 48 $9,940,000 $207,083 $0 0.00%
    Home Improvement 7 $655,000 $93,571 $0 0.00%

    For 2021, Heritage Community Bank's most frequently cited loan purpose was Home Purchase, with 148 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 203 $44,905,000 $221,207 $0 0.00%

    For 2021, Heritage Community Bank's most frequently cited loan duration was Other, with 203 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 85 $12,035,000 $141,588 $0 0.00%
    $100,000 or less 61 $3,965,000 $65,000 $0 0.00%
    $200k-400k 34 $9,630,000 $283,235 $0 0.00%
    $400k-600k 11 $5,315,000 $483,182 $0 0.00%
    $1MM+ 6 $9,410,000 $1,568,333 $0 0.00%
    $600k-1MM 6 $4,550,000 $758,333 $0 0.00%

    2021 saw Heritage Community Bank place emphasis on $100k-200k loans with 85 originations, totaling $12,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 11 $2,045,000 $185,909 $0 0.00%
    $50k or less 9 $1,345,000 $149,444 $0 0.00%
    $75k-100k 7 $1,755,000 $250,714 $0 0.00%
    $100k-150k 4 $1,260,000 $315,000 $0 0.00%
    $250k+ 3 $1,565,000 $521,667 $0 0.00%
    $150k-250k 1 $375,000 $375,000 $0 0.00%

    Heritage Community Bank lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $50k or less, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 203 $44,905,000 $221,207 $0 0.00%

    Heritage Community Bank lent most frequently to those with DTI ratios of Exempt%, with 203 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 118 $24,960,000 $211,525 $0 0.00%
    White 81 $18,965,000 $234,136 $0 0.00%
    Not provided 3 $885,000 $295,000 $0 0.00%
    Black 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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
    99.01%

    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 203 $44,905,000 $221,207

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    203 $44,905,000 $221,207

    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 $53,865
    Heritage Community Bank 15967 State Highway 47 Marthasville, MO 63357 Full Service B&M $45,152
    Heritage Community Bank 801 Franklin Avenue Washington, MO 63090 Full Service B&M $33,352
    Heritage Community Bank First And Main Chamois, MO 65024 Full Service B&M $27,493

    For 2021, Heritage Community Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,034
    Net interest income $7,107
    Total noninterest income $1,153
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $105
    Trading account gains and fees $0
    Additional Noninterest Income $1,048
    Pre-tax net operating income $2,920
    Securities gains (or losses, -) $23
    Income before extraordinary items $2,943
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,943
    Minority interest net income $0
    Net income $2,943
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,920

    Heritage Community Bank's gross interest income from loans was $8,034,000.
    Heritage Community Bank's net interest income from loans was $7,107,000.
    Heritage Community Bank's fee based income from loans was $105,000.
    Heritage Community Bank's net income from loans was $2,943,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $927
    Provision for credit losses $383
    Total noninterest expense $4,957
    Salaries and employee benefits $2,826
    Premises and equipment expense $439
    Additional noninterest expense $1,692
    Applicable income taxes $0
    Net charge-offs $32
    Cash dividends $1,110

    Heritage Community Bank's interest expense for loans was $927,000.
    Heritage Community Bank's payroll and benefits expense were $2,826,000.
    Heritage Community Bank's property, plant and equipment expenses $439,000.

    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 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 $167,665
    Deposits held in domestic offices $167,665
    Deposits by Individuals, partnerships, and corporations $157,513
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,653
    Deposits by Commercial banks and other depository institutions in U.S. $499
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $47,602
    Demand deposits $47,519
    Nontransaction accounts $120,063
    Money market deposit accounts (MMDAs) $61,331
    Other savings deposits (excluding MMDAs) $17,836
    Total time deposits $40,896
    Total time and savings deposits $120,146
    Noninterest-bearing deposits $35,609
    Interest-bearing deposits $132,056
    Retail deposits $163,279
    IRAs and Keogh plan accounts $4,946
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $187,051
    Cash & Balances due from depository institutions $19,847
    Interest-bearing balances $18,030
    Total securities $5,615
    Federal funds sold & reverse repurchase $65
    Net loans and leases $153,742
    Loan and leases loss allowance $2,238
    Trading account assets $0
    Bank premises and fixed assets $2,683
    Other real estate owned $0
    Goodwill and other intangibles $403
    All other assets $4,696

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $187,051
    Total Liabilities $169,493
    Total deposits $167,665
    Interest-bearing deposits $132,056
    Deposits held in domestic offices $167,665
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,000
    Subordinated debt $0
    All other liabilities $828

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $153,742
    Loan and leases loss allowance $2,238
    Total loans and leases (domestic) $155,980
    All real estate loans $129,372
    Real estate loans in domestic offices $129,372
    Construction and development loans $21,281
    Residential 1-4 family construction $2,568
    Other construction, all land development and other land $18,713
    Loans secured by nonfarm nonresidential properties $31,385
    Nonfarm nonresidential secured by owner-occupied properties $23,417
    Commercial real estate & other non-farm, non-residential $7,968
    Multifamily residential real estate $2,899
    1-4 family residential loans $56,772
    Farmland loans $17,035
    Loans held in foreign offices $0
    Farm loans $4,115
    Commercial and industrial loans $17,617
    To non-U.S. addressees $0
    Loans to individuals $4,845
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,424
    Other loans to individuals $2,421
    All other loans & leases $39
    Loans to foreign governments and official institutions $0
    Other loans $19
    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 $533
    Non 1-4 family restructured loans & leases $533
    Total loans and leases (foreign) $0

    Heritage Community Bank had $153,742,000 of loans outstanding in 2021. $129,372,000 of loans were in real estate loans. $21,281,000 of loans were in development loans. $2,899,000 of loans were in multifamily mortgage loans. $56,772,000 of loans were in 1-4 family mortgage loans. $4,115,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,424,000 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 90 $17,957 $199,522
    Nonfarm, nonresidential loans - <$100k 24 $903 $37,625
    Nonfarm, nonresidential loans - $100-250k 26 $3,366 $129,462
    Nonfarm, nonresidential loans - $250k-1MM 40 $13,688 $342,200
    Commercial & Industrial, US addressed loans - <$1MM 163 $9,887 $60,656
    Commercial & Industrial, US addressed loans - <$100k 112 $3,138 $28,018
    Commercial & Industrial, US addressed loans - $100-250k 31 $2,981 $96,161
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $3,768 $188,400
    Farmland loans - <$1MM 67 $10,730 $160,149
    Farmland loans - <$100k 21 $1,017 $48,429
    Farmland loans - $100-250k 23 $2,814 $122,348
    Farmland loans - $250k-1MM 23 $6,899 $299,957
    Agriculture operations loans - <$1MM 54 $2,760 $51,111
    Agriculture operations loans - <$100k 45 $1,165 $25,889
    Agriculture operations loans - $100-250k 4 $399 $99,750
    Agriculture operations loans - $250k-1MM 5 $1,196 $239,200