Hoyne Savings Bank Mortgage Rates, Fees & Info

Chicago, IL

LEI: 549300B92DSVIKGP5T53

Tax ID: 36-1241755

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

    134

    Origination Dollar Volume (All Markets)

    $34,540,000

    Employee count

    79

    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) 134 $34,540,000 $257,761 $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 134 $34,540,000 $257,761 $0 0.00%

    For 2021, Hoyne Savings Bank's most frequently originated type of loan was Conventional, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 74 $20,330,000 $274,730 $0 0.00%
    Home Purchase 44 $13,380,000 $304,091 $0 0.00%
    Home Improvement 14 $570,000 $40,714 $0 0.00%
    Other 2 $260,000 $130,000 $0 0.00%

    For 2021, Hoyne Savings Bank's most frequently cited loan purpose was Refi, with 74 originations. The 2nd most popular reason was Home Purchase, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 134 $34,540,000 $257,761 $0 0.00%

    For 2021, Hoyne Savings Bank's most frequently cited loan duration was Other, with 134 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 50 $13,860,000 $277,200 $0 0.00%
    $100k-200k 35 $5,415,000 $154,714 $0 0.00%
    $100,000 or less 25 $1,165,000 $46,600 $0 0.00%
    $400k-600k 16 $7,640,000 $477,500 $0 0.00%
    $600k-1MM 7 $5,125,000 $732,143 $0 0.00%
    $1MM+ 1 $1,335,000 $1,335,000 $0 0.00%

    2021 saw Hoyne Savings Bank place emphasis on $200k-400k loans with 50 originations, totaling $13,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $5,475,000 $219,000 $0 0.00%
    $75k-100k 19 $3,245,000 $170,789 $0 0.00%
    $50k-75k 18 $2,820,000 $156,667 $0 0.00%
    $150k-250k 16 $3,910,000 $244,375 $0 0.00%
    $50k or less 14 $1,250,000 $89,286 $0 0.00%
    $250k+ 4 $1,940,000 $485,000 $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? $75k-100k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 134 $34,540,000 $257,761 $0 0.00%

    Hoyne Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 134 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 91 $18,005,000 $197,857 $0 0.00%
    Not applicable 32 $14,130,000 $441,563 $0 0.00%
    Not provided 6 $1,480,000 $246,667 $0 0.00%
    Black 3 $535,000 $178,333 $0 0.00%
    Asian 2 $390,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.43%

    Hoyne Savings 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
    92.54%

    Hoyne Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 134 $34,540,000 $257,761

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    134 $34,540,000 $257,761

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Homespire Mortgage Corp Conventional home mortgage Struggling to pay mortgage 1 100.0%

    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 $97,896
    Hoyne Savings Bank 400 St. Johns Road Woodstock, IL 60098 Full Service B&M $14,925
    Hoyne Savings Bank 4646 West 103rd Street Oak Lawn, IL 60453 Full Service B&M $30,080
    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 $117,886
    Hoyne Savings Bank 6350 W 63rd St Chicago, IL 60638 Full Service B&M $45,005
    Hoyne Savings Bank 6858 South Pulaski Road Chicago, IL 60629 Full Service B&M $51,805
    Hoyne Savings Bank 699 West Dundee Road Wheeling, IL 60090 Full Service B&M $51,903
    Hoyne Savings Bank 7001 West Grand Avenue Chicago, IL 60707 Full Service B&M $25,292

    For 2021, Hoyne Savings Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,332
    Net interest income $10,678
    Total noninterest income $692
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $26
    Trading account gains and fees $0
    Additional Noninterest Income $666
    Pre-tax net operating income $989
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,209
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,209
    Minority interest net income $0
    Net income $1,209
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,209

    Hoyne Savings Bank's gross interest income from loans was $12,332,000.
    Hoyne Savings Bank's net interest income from loans was $10,678,000.
    Hoyne Savings Bank's fee based income from loans was $26,000.
    Hoyne Savings Bank's net income from loans was $1,209,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,654
    Provision for credit losses $0
    Total noninterest expense $10,381
    Salaries and employee benefits $5,791
    Premises and equipment expense $2,202
    Additional noninterest expense $2,388
    Applicable income taxes $-220
    Net charge-offs $47
    Cash dividends $0

    Hoyne Savings Bank's interest expense for loans was $1,654,000.
    Hoyne Savings Bank's payroll and benefits expense were $5,791,000.
    Hoyne Savings Bank's property, plant and equipment expenses $2,202,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $429,168
    Deposits held in domestic offices $429,168
    Deposits by Individuals, partnerships, and corporations $429,068
    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 $54,138
    Demand deposits $18,518
    Nontransaction accounts $375,030
    Money market deposit accounts (MMDAs) $46,930
    Other savings deposits (excluding MMDAs) $135,059
    Total time deposits $193,041
    Total time and savings deposits $410,650
    Noninterest-bearing deposits $18,684
    Interest-bearing deposits $410,484
    Retail deposits $408,922
    IRAs and Keogh plan accounts $38,618
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $526,407
    Cash & Balances due from depository institutions $103,790
    Interest-bearing balances $101,364
    Total securities $201,588
    Federal funds sold & reverse repurchase $0
    Net loans and leases $201,824
    Loan and leases loss allowance $1,379
    Trading account assets $0
    Bank premises and fixed assets $7,872
    Other real estate owned $0
    Goodwill and other intangibles $885
    All other assets $10,448

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $526,407
    Total Liabilities $435,577
    Total deposits $429,168
    Interest-bearing deposits $410,484
    Deposits held in domestic offices $429,168
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $1,409

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $201,824
    Loan and leases loss allowance $1,379
    Total loans and leases (domestic) $203,203
    All real estate loans $202,325
    Real estate loans in domestic offices $202,325
    Construction and development loans $529
    Residential 1-4 family construction $0
    Other construction, all land development and other land $529
    Loans secured by nonfarm nonresidential properties $20,858
    Nonfarm nonresidential secured by owner-occupied properties $3,572
    Commercial real estate & other non-farm, non-residential $17,286
    Multifamily residential real estate $47,036
    1-4 family residential loans $133,902
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $31
    Commercial and industrial loans $1,078
    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 $197
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Hoyne Savings Bank had $201,824,000 of loans outstanding in 2021. $202,325,000 of loans were in real estate loans. $529,000 of loans were in development loans. $47,036,000 of loans were in multifamily mortgage loans. $133,902,000 of loans were in 1-4 family mortgage loans. $31,000 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 49 $13,521 $275,939
    Nonfarm, nonresidential loans - <$100k 3 $191 $63,667
    Nonfarm, nonresidential loans - $100-250k 22 $3,587 $163,045
    Nonfarm, nonresidential loans - $250k-1MM 24 $9,743 $405,958
    Commercial & Industrial, US addressed loans - <$1MM 3 $1,078 $359,333
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $1,078 $359,333
    Agriculture operations loans - <$1MM 1 $31 $31,000
    Agriculture operations loans - <$100k 1 $31 $31,000