Hoyne Savings Bank Mortgage Rates, Fees & Info

Chicago, IL

LEI: 549300B92DSVIKGP5T53

Tax ID: 36-1241755

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Hoyne Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Hoyne Savings Bank has a high proportion of conventional loans. Their top (well, only) market is Chicago.

    Hoyne Savings 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

    97

    Origination Dollar Volume (All Markets)

    $22,275,000

    Employee count

    81

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 97 $22,275,000 $229,639 $0 0.00%
    Hoyne Savings Bank's top markets include and Chicago among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 97 $22,275,000 $229,639 $0 0.00%

    For 2019, Hoyne Savings Bank's most frequently originated type of loan was Conventional, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 49 $11,875,000 $242,347 $0 0.00%
    Home Purchase 39 $10,105,000 $259,103 $0 0.00%
    Home Improvement 8 $120,000 $15,000 $0 0.00%
    Other 1 $175,000 $175,000 $0 0.00%

    For 2019, Hoyne Savings Bank's most frequently cited loan purpose was Refi, with 49 originations. The 2nd most popular reason was Home Purchase, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 97 $22,275,000 $229,639 $0 0.00%

    For 2019, Hoyne Savings Bank's most frequently cited loan duration was Other, with 97 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 34 $9,300,000 $273,529 $0 0.00%
    $100k-200k 31 $4,675,000 $150,806 $0 0.00%
    $100,000 or less 20 $1,010,000 $50,500 $0 0.00%
    $400k-600k 10 $4,610,000 $461,000 $0 0.00%
    $1MM+ 1 $1,855,000 $1,855,000 $0 0.00%
    $600k-1MM 1 $825,000 $825,000 $0 0.00%

    2019 saw Hoyne Savings Bank place emphasis on $200k-400k loans with 34 originations, totaling $9,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $4,645,000 $185,800 $0 0.00%
    $50k-75k 19 $2,295,000 $120,789 $0 0.00%
    $150k-250k 10 $2,370,000 $237,000 $0 0.00%
    $75k-100k 8 $1,650,000 $206,250 $0 0.00%
    $50k or less 6 $640,000 $106,667 $0 0.00%
    $250k+ 1 $85,000 $85,000 $0 0.00%

    Hoyne Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 97 $22,275,000 $229,639 $0 0.00%

    Hoyne Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 97 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 70 $12,720,000 $181,714 $0 0.00%
    Not applicable 22 $8,950,000 $406,818 $0 0.00%
    Asian 1 $335,000 $335,000 $0 0.00%
    Not provided 2 $240,000 $120,000 $0 0.00%
    Black 2 $30,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.40%

    Hoyne Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.91%

    Hoyne Savings 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 97 $22,275,000 $229,639

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 21 $8,635,000 $411,190
    Single Family (1-4 Units):Site-Built 76 $13,640,000 $179,474

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Homespire Mortgage Corp FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    Homespire Mortgage Corp Other type of mortgage Closing on a mortgage 1 33.3%
    Homespire Mortgage Corp Other type of mortgage Trouble during payment process 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Hoyne Savings Bank 11139 South Harlem Avenue Worth, IL 60482 Full Service B&M $92,602
    Hoyne Savings Bank 400 St. Johns Road Woodstock, IL 60098 Full Service B&M $12,256
    Hoyne Savings Bank 4646 West 103rd Street Oak Lawn, IL 60453 Full Service B&M $28,873
    Hoyne Savings Bank 4729 North Milwaukee Avenue Chicago, IL 60630 Limited, Drive-thru $0
    Hoyne Savings Bank 4786 Milwaukee Avenue Chicago, IL 60630 Full Service B&M $117,000
    Hoyne Savings Bank 6858 South Pulaski Road Chicago, IL 60629 Full Service B&M $51,035
    Hoyne Savings Bank 699 West Dundee Road Wheeling, IL 60090 Full Service B&M $43,015
    Hoyne Savings Bank 7001 West Grand Avenue Chicago, IL 60707 Full Service B&M $24,071

    For 2019, Hoyne Savings Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,254
    Net interest income $10,138
    Total noninterest income $675
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $36
    Trading account gains and fees $0
    Additional Noninterest Income $639
    Pre-tax net operating income $592
    Securities gains (or losses, -) $84
    Income before extraordinary items $702
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $702
    Minority interest net income $0
    Net income $702
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $618

    Hoyne Savings Bank's gross interest income from loans was $14,254,000.
    Hoyne Savings Bank's net interest income from loans was $10,138,000.
    Hoyne Savings Bank's fee based income from loans was $36,000.
    Hoyne Savings Bank's net income from loans was $702,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,116
    Provision for credit losses $0
    Total noninterest expense $10,221
    Salaries and employee benefits $5,684
    Premises and equipment expense $1,802
    Additional noninterest expense $2,735
    Applicable income taxes $-26
    Net charge-offs $117
    Cash dividends $0

    Hoyne Savings Bank's interest expense for loans was $4,116,000.
    Hoyne Savings Bank's payroll and benefits expense were $5,684,000.
    Hoyne Savings Bank's property, plant and equipment expenses $1,802,000.

    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 3.0%
    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 $367,343
    Deposits held in domestic offices $367,343
    Deposits by Individuals, partnerships, and corporations $367,243
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $100
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $36,483
    Demand deposits $12,668
    Nontransaction accounts $330,860
    Money market deposit accounts (MMDAs) $40,860
    Other savings deposits (excluding MMDAs) $87,661
    Total time deposits $202,339
    Total time and savings deposits $354,675
    Noninterest-bearing deposits $12,759
    Interest-bearing deposits $354,584
    Retail deposits $349,448
    IRAs and Keogh plan accounts $39,777
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $445,414
    Cash & Balances due from depository institutions $51,825
    Interest-bearing balances $49,866
    Total securities $167,528
    Federal funds sold & reverse repurchase $0
    Net loans and leases $206,608
    Loan and leases loss allowance $827
    Trading account assets $0
    Bank premises and fixed assets $8,144
    Other real estate owned $0
    Goodwill and other intangibles $1,479
    All other assets $9,830

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $445,414
    Total Liabilities $369,279
    Total deposits $367,343
    Interest-bearing deposits $354,584
    Deposits held in domestic offices $367,343
    % insured (estimated) $95
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,936

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $206,608
    Loan and leases loss allowance $827
    Total loans and leases (domestic) $207,435
    All real estate loans $207,646
    Real estate loans in domestic offices $207,646
    Construction and development loans $1,100
    Residential 1-4 family construction $0
    Other construction, all land development and other land $1,100
    Loans secured by nonfarm nonresidential properties $19,990
    Nonfarm nonresidential secured by owner-occupied properties $4,729
    Commercial real estate & other non-farm, non-residential $15,261
    Multifamily residential real estate $43,085
    1-4 family residential loans $143,471
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $0
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $0
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $507
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Hoyne Savings Bank had $206,608,000 of loans outstanding in 2019. $207,646,000 of loans were in real estate loans. $1,100,000 of loans were in development loans. $43,085,000 of loans were in multifamily mortgage loans. $143,471,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 48 $12,938 $269,542
    Nonfarm, nonresidential loans - <$100k 2 $110 $55,000
    Nonfarm, nonresidential loans - $100-250k 18 $2,724 $151,333
    Nonfarm, nonresidential loans - $250k-1MM 28 $10,104 $360,857