Hometrust Bank Mortgage Rates, Fees & Info

Asheville, NC

LEI: 549300COIWXM618UBE82

Tax ID: 56-0181785

3.6 stars - out of 5 stars, based on 62 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Hometrust Bank is a smaller bank specializing in Home Purchase and Refi loans. Hometrust Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Asheville, Greenville, Raleigh, Charlotte, and Los Angeles among others. Hometrust Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Hometrust Bank is typically an average fee lendor.


Originations

3,851

Origination Dollar Volume (All Markets)

$939,175,000

Employee count

511 Show all (23) awards

Relative Rate

Hometrust Bank's average 30 year fixed rate mortgage of loans were 4.05%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.9%.

Relative Fees

Hometrust Bank's average total fees for a 30 year fixed rate mortgage are $3,392.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ASHEVILLE, NC (FHA|USDA|VA) 1,203 $334,325,000 $277,909 $4,219 3.11%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 247 $68,165,000 $275,972 $4,505 3.19%
RALEIGH-CARY, NC (FHA|USDA|VA) 102 $65,370,000 $640,882 $2,818 3.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 129 $43,645,000 $338,333 $4,168 3.25%
Outside of Metro Areas 178 $41,800,000 $234,831 $3,428 3.19%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 150 $31,580,000 $210,533 $0 5.31%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 167 $21,945,000 $131,407 $0 5.08%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 111 $20,655,000 $186,081 $0 5.34%
Shelby, NC (FHA|USDA|VA) 123 $20,035,000 $162,886 $3,399 2.99%
MORRISTOWN, TN (FHA|USDA|VA) 54 $19,730,000 $365,370 $3,371 3.23%
Forest City, NC (FHA|USDA|VA) 70 $15,270,000 $218,143 $4,071 3.09%
ROANOKE, VA (FHA|USDA|VA) 77 $15,135,000 $196,558 $3,432 3.37%
SPARTANBURG, SC (FHA|USDA|VA) 49 $11,035,000 $225,204 $3,984 3.00%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 50 $11,010,000 $220,200 $0 4.59%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 45 $9,455,000 $210,111 $0 5.15%
JOHNSON CITY, TN (FHA|USDA|VA) 38 $8,530,000 $224,474 $3,954 3.30%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 77 $8,425,000 $109,416 $0 5.55%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 69 $8,245,000 $119,493 $3,046 3.29%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 16 $8,210,000 $513,125 $4,141 3.40%
KNOXVILLE, TN (FHA|USDA|VA) 25 $8,155,000 $326,200 $3,290 3.75%
Marion, NC (FHA|USDA|VA) 25 $7,945,000 $317,800 $4,722 3.09%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 41 $7,915,000 $193,049 $0 5.25%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 16 $7,100,000 $443,750 $6,508 3.53%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 43 $7,035,000 $163,605 $0 4.79%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 51 $6,735,000 $132,059 $0 5.62%
Seneca, SC (FHA|USDA|VA) 20 $6,410,000 $320,500 $5,482 3.29%
Cullowhee, NC (FHA|USDA|VA) 24 $5,870,000 $244,583 $4,566 3.17%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 33 $5,325,000 $161,364 $0 4.82%
STOCKTON, CA (FHA|USDA|VA) 38 $5,160,000 $135,789 $0 5.38%
Brevard, NC (FHA|USDA|VA) 16 $4,570,000 $285,625 $4,048 3.03%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 32 $4,570,000 $142,813 $2,673 3.16%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 32 $4,400,000 $137,500 $0 4.85%
Sevierville, TN (FHA|USDA|VA) 6 $4,360,000 $726,667 $6,145 4.24%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 22 $4,270,000 $194,091 $0 4.74%
WINSTON-SALEM, NC (FHA|USDA|VA) 23 $3,705,000 $161,087 $3,279 2.92%
PROVO-OREM, UT (FHA|USDA|VA) 20 $3,630,000 $181,500 $0 4.55%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 20 $3,530,000 $176,500 $0 5.05%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 19 $3,405,000 $179,211 $0 4.52%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 11 $3,345,000 $304,091 $4,071 3.51%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 17 $3,245,000 $190,882 $2,816 4.55%
WILMINGTON, NC (FHA|USDA|VA) 7 $3,055,000 $436,429 $4,379 3.53%
SALT LAKE CITY, UT (FHA|USDA|VA) 14 $2,760,000 $197,143 $0 4.58%
JACKSONVILLE, NC (FHA|USDA|VA) 3 $2,735,000 $911,667 $3,014 3.41%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 10 $2,460,000 $246,000 $0 4.87%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 13 $2,235,000 $171,923 $0 5.72%
BOISE CITY, ID (FHA|USDA|VA) 13 $2,165,000 $166,538 $0 4.49%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 12 $2,130,000 $177,500 $0 4.55%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 17 $2,075,000 $122,059 $0 5.49%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $2,010,000 $502,500 $4,328 2.78%
LYNCHBURG, VA (FHA|USDA|VA) 11 $1,955,000 $177,727 $3,218 3.35%
Morehead City, NC (FHA|USDA|VA) 5 $1,915,000 $383,000 $3,021 3.60%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 8 $1,770,000 $221,250 $2,907 3.32%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 8 $1,690,000 $211,250 $0 5.43%
Danville, VA (FHA|USDA|VA) 19 $1,635,000 $86,053 $3,022 3.35%
MODESTO, CA (FHA|USDA|VA) 10 $1,560,000 $156,000 $0 5.77%
VALLEJO, CA (FHA|USDA|VA) 11 $1,385,000 $125,909 $0 5.60%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 8 $1,260,000 $157,500 $0 4.83%
JACKSONVILLE, FL (FHA|USDA|VA) 7 $1,185,000 $169,286 $0 5.06%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 8 $1,160,000 $145,000 $0 5.37%
North Wilkesboro, NC (FHA|USDA|VA) 2 $1,070,000 $535,000 $5,864 3.25%
Newberry, SC (FHA|USDA|VA) 3 $1,035,000 $345,000 $6,551 2.96%
Gaffney, SC (FHA|USDA|VA) 5 $975,000 $195,000 $3,564 2.60%
Boone, NC (FHA|USDA|VA) 3 $975,000 $325,000 $5,017 3.91%
Outside of Metro Areas 8 $900,000 $112,500 $0 4.87%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 5 $875,000 $175,000 $0 4.49%
COLUMBIA, SC (FHA|USDA|VA) 3 $835,000 $278,333 $3,955 3.08%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $820,000 $410,000 $0 4.49%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 3 $815,000 $271,667 $0 3.54%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $810,000 $202,500 $0 5.49%
TUCSON, AZ (FHA|USDA|VA) 3 $795,000 $265,000 $0 4.41%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 5 $785,000 $157,000 $0 4.69%
FRESNO, CA (FHA|USDA|VA) 4 $740,000 $185,000 $0 6.18%
Oak Harbor, WA (FHA|USDA|VA) 4 $710,000 $177,500 $0 5.12%
SALEM, OR (FHA|USDA|VA) 5 $705,000 $141,000 $0 5.04%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $685,000 $228,333 $0 5.49%
CHICO, CA (FHA|USDA|VA) 4 $660,000 $165,000 $0 5.62%
ST. GEORGE, UT (FHA|USDA|VA) 4 $610,000 $152,500 $0 4.68%
SALINAS, CA (FHA|USDA|VA) 3 $605,000 $201,667 $0 6.07%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 6 $600,000 $100,000 $0 4.82%
Truckee-Grass Valley, CA (FHA|USDA|VA) 4 $580,000 $145,000 $0 5.18%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $535,000 $107,000 $0 4.99%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $530,000 $132,500 $0 5.37%
Georgetown, SC (FHA|USDA|VA) 2 $520,000 $260,000 $5,919 4.00%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $515,000 $171,667 $0 3.62%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $500,000 $250,000 $0 5.74%
Heber, UT (FHA|USDA|VA) 1 $435,000 $435,000 $0 3.99%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $415,000 $415,000 $0 4.49%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $405,000 $135,000 $0 4.66%
RENO, NV (FHA|USDA|VA) 4 $400,000 $100,000 $0 4.49%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $395,000 $131,667 $0 4.66%
SUMTER, SC (FHA|USDA|VA) 1 $325,000 $325,000 $0 4.49%
Greeneville, TN (FHA|USDA|VA) 1 $315,000 $315,000 $2,475 2.88%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $300,000 $150,000 $0 4.74%
Lewisburg, TN (FHA|USDA|VA) 1 $295,000 $295,000 $0 3.99%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.74%
FLORENCE, SC (FHA|USDA|VA) 1 $275,000 $275,000 $3,299 3.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $270,000 $135,000 $0 5.17%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $260,000 $130,000 $0 4.99%
Show Low, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.74%
FLAGSTAFF, AZ (FHA|USDA|VA) 2 $250,000 $125,000 $0 4.87%
Prineville, OR (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.99%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $220,000 $110,000 $0 5.62%
Breckenridge, CO (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.49%
Martinsville, VA (FHA|USDA|VA) 3 $205,000 $68,333 $1,897 3.25%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.99%
Greenwood, SC (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.45%
SAVANNAH, GA (FHA|USDA|VA) 2 $200,000 $100,000 $0 4.49%
GREELEY, CO (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.99%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.49%
GOLDSBORO, NC (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.99%
YAKIMA, WA (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.49%
HARRISONBURG, VA (FHA|USDA|VA) 1 $135,000 $135,000 $2,423 3.75%
YUBA CITY, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.74%
BELLINGHAM, WA (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.49%
TULSA, OK (FHA|USDA|VA) 2 $120,000 $60,000 $0 4.74%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $120,000 $60,000 $0 5.37%
PANAMA CITY, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.49%
REDDING, CA (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.99%
Ellensburg, WA (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.99%
LONGVIEW, WA (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.49%
Shelton, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.49%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.49%
WENATCHEE, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.99%
Mount Airy, NC (FHA|USDA|VA) 1 $95,000 $95,000 $2,781 2.38%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.24%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.74%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.49%
Dayton, TN (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.49%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.49%
Blackfoot, ID (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.99%
VISALIA, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.49%
Astoria, OR (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.99%
BEND, OR (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.49%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.49%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.49%
Cedar City, UT (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.49%
Statesboro, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.24%
Rexburg, ID (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.49%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.49%
MADERA, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.99%
GREENVILLE, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.75%
Newport, TN (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.25%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.25%

Hometrust Bank's top markets include Asheville, Greenville, Raleigh, Charlotte, and Los Angeles among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,807 $929,915,000 $244,265 $4,040 3.79%
USDA 44 $9,260,000 $210,455 $5,252 2.47%

For the 2021 period, Hometrust Bank's most frequently originated loan type of loans were Conventional, with 3,807 originations. Their 2nd most popular type is USDA, with 44 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,718 $498,580,000 $290,210 $5,126 4.08%
Refi 926 $234,610,000 $253,359 $3,120 3.41%
Other 499 $69,605,000 $139,489 $2,939 4.32%
Cash Out Refi 421 $103,235,000 $245,214 $3,274 2.96%
Home Improvement 287 $33,145,000 $115,488 $5,784 3.44%

For the 2021, Hometrust Bank's most frequently cited loan purpose of loans were Home Purchase, with 1,718 originations. The 2nd most popular reason of loans were Refi, with 926 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,459 $560,705,000 $228,022 $3,392 4.05%
Other 732 $153,400,000 $209,563 $5,639 3.43%
30+ year 295 $120,575,000 $408,729 $7,707 3.67%
15 Year 218 $52,260,000 $239,725 $3,006 2.47%
20 Year 69 $14,575,000 $211,232 $3,141 2.80%
5 Year 47 $24,735,000 $526,277 $0 3.77%
10 Year 21 $4,985,000 $237,381 $3,206 2.54%
3 Year 7 $6,815,000 $973,571 $0 3.62%
1 Year 3 $1,125,000 $375,000 $0 3.75%

For the 2021, Hometrust Bank's most frequently cited loan length of loans were 30 Year, with 2,459 originations. The 2nd most popular length of loans were Other, with 732 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 923 $271,115,000 $293,732
$1k-2k 424 $97,960,000 $231,038
$3k-4k 172 $54,120,000 $314,651
$5k+ 130 $68,120,000 $524,000
$2k-3k 115 $36,885,000 $320,739

$3,392 of loans were Hometrust Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 923 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,442 $364,770,000 $252,961
2.5-3% 851 $307,945,000 $361,863
4-5% 739 $122,755,000 $166,110
5-6% 377 $58,865,000 $156,141
<2.5% 305 $71,055,000 $232,967
6-7% 112 $11,240,000 $100,357
7-8% 25 $2,545,000 $101,800

During 2021, Hometrust Bank's average interest rate of loans were 4.05%, while their most frequently originated rate bucket of loans were 3-4%, with 1,442 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,268 $349,730,000 $275,812 $4,068 3.45%
$100k-200k 1,134 $165,100,000 $145,591 $2,979 3.84%
$100,000 or less 950 $60,460,000 $63,642 $2,770 4.31%
$400k-600k 353 $168,785,000 $478,144 $5,667 3.54%
$600k-1MM 107 $79,285,000 $740,981 $6,355 3.35%
$1MM+ 39 $115,815,000 $2,969,615 $6,081 3.10%

2021 saw Hometrust Bank place emphasis on $200k-400k loans with 1,268 originations, totaling $349,730,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 906 $212,360,000 $234,393 $4,659 4.34%
$100k-150k 772 $163,900,000 $212,306 $4,268 3.72%
$250k+ 653 $215,005,000 $329,257 $5,435 4.36%
$50k-75k 550 $95,800,000 $174,182 $3,629 3.25%
$75k-100k 451 $89,075,000 $197,506 $3,902 3.29%
$50k or less 387 $46,925,000 $121,253 $3,193 3.07%

Hometrust Bank lent most frequently to those with incomes in the $150k-250k range, with 906 originations. The second most popular income band? $100k-150k, with 772 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 878 $207,150,000 $235,934 $3,833 3.49%
30-36% 810 $184,380,000 $227,630 $4,419 3.80%
<20% 381 $92,825,000 $243,635 $3,667 3.08%
39% 293 $46,775,000 $159,642 $4,717 3.76%
44% 208 $38,730,000 $186,202 $3,302 4.79%
38% 190 $41,320,000 $217,474 $4,941 3.93%
42% 168 $35,950,000 $213,988 $4,348 4.30%
40% 156 $36,640,000 $234,872 $4,617 4.21%
41% 156 $33,470,000 $214,551 $4,239 4.29%
36% 152 $33,200,000 $218,421 $4,741 3.87%
43% 140 $26,170,000 $186,929 $3,717 4.59%
37% 127 $27,405,000 $215,787 $4,111 3.81%
45% 39 $8,925,000 $228,846 $3,547 3.50%
49% 22 $5,730,000 $260,455 $3,372 2.82%
47% 18 $3,800,000 $211,111 $3,137 2.84%
48% 18 $4,510,000 $250,556 $3,121 2.85%
46% 16 $3,400,000 $212,500 $3,657 2.86%
50-60% 3 $1,145,000 $381,667 $4,692 2.88%

Hometrust Bank lent most frequently to those with DTI ratios of 20-30%, with 878 originations. The next most common DTI ratio? 30-36%, with 810 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,050 $683,280,000 $224,026 $4,034 3.65%
Not applicable 66 $102,260,000 $1,549,394 $0 3.66%
Not provided 362 $82,330,000 $227,431 $4,492 4.13%
Asian 223 $43,985,000 $197,242 $4,712 4.80%
Black 117 $19,535,000 $166,966 $4,114 4.10%
American Indian 22 $4,000,000 $181,818 $3,348 3.76%
Asian Indian 4 $2,160,000 $540,000 $3,523 3.69%
Native Hawaiian 6 $920,000 $153,333 $0 4.49%
Filipino 1 $705,000 $705,000 $3,365 2.87%

Approval Rates

Total approvals of all applications
80.75%

Hometrust Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
85.91%

Hometrust Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,851 $939,175,000 $243,878

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,851 $939,175,000 $243,878

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 855 $180,625,000 $211,257 $3,456 4.08%
40-60% 550 $145,910,000 $265,291 $3,406 3.00%
60-80% 824 $342,640,000 $415,825 $4,191 3.12%
80-100% 526 $163,420,000 $310,684 $4,655 3.09%
Under 20% 1,095 $106,495,000 $97,256 $2,734 4.76%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Hometrust Bank 10 Woodfin Street Asheville, NC 28801 Full Service B&M $341,248
Hometrust Bank 1825 Hendersonville Road Asheville, NC 28803 Full Service B&M $69,683
Hometrust Bank 1907 North Roan Street Johnson City, TN 37601 Full Service B&M $191,377
Hometrust Bank 192 Airport Rd Arden, NC 28704 Full Service B&M $80,480
Hometrust Bank 201 South Pollard Street Vinton, VA 24179 Full Service B&M $54,466
Hometrust Bank 224 East Warren Street Shelby, NC 28150 Full Service B&M $112,546
Hometrust Bank 228 Sixth Avenue East Hendersonville, NC 28792 Full Service B&M $130,095
Hometrust Bank 2420 North Main Street Danville, VA 24540 Full Service B&M $25,362
Hometrust Bank 2805 Reid School Road Reidsville, NC 27320 Full Service B&M $82,706
Hometrust Bank 2820 Brambleton Avenue Roanoke, VA 24015 Full Service B&M $29,024
Hometrust Bank 316 S Jefferson Street Roanoke, VA 24011 Full Service B&M $53,587
Hometrust Bank 3205 Riverside Drive Danville, VA 24541 Full Service B&M $51,372
Hometrust Bank 341 N. Trade Street Tryon, NC 28782 Full Service B&M $120,593
Hometrust Bank 351 Butler Road Forest City, NC 28043 Full Service B&M $29,375
Hometrust Bank 3956 Electric Road Roanoke, VA 24018 Full Service B&M $61,939
Hometrust Bank 4140 Parklake Avenue, Suite 610 Raleigh, NC 27612 Full Service B&M $72,673
Hometrust Bank 422 Broad Street Kingsport, TN 37660 Full Service B&M $57,278
Hometrust Bank 425 State Street Bristol, VA 24201 Full Service B&M $19,872
Hometrust Bank 499 Woodruff Road Greenville, SC 29607 Full Service B&M $52,694
Hometrust Bank 5 North Ridge Commons Parkway Weaverville, NC 28787 Full Service B&M $103,001
Hometrust Bank 5002 Williamson Road Roanoke, VA 24012 Full Service B&M $61,180
Hometrust Bank 612 West Walnut Street Johnson City, TN 37601 Full Service B&M $19,967
Hometrust Bank 6501 Kingston Pike Knoxville, TN 37919 Full Service B&M $50,848
Hometrust Bank 685 West Mills Street Columbus, NC 28722 Full Service B&M $96,909
Hometrust Bank 8 Lester Street Martinsville, VA 24112 Full Service B&M $26,242
Hometrust Bank 800 Russ Avenue Waynesville, NC 28786 Full Service B&M $102,161
Hometrust Bank 8583 Carolina Boulevard Clyde, NC 28721 Full Service B&M $54,778
Hometrust Bank 8599 Pelham Road Greenville, SC 29615 Full Service B&M $16,873
Hometrust Bank 862 Med Tech Pkwy Johnson City, TN 37604 Full Service B&M $35,574
Hometrust Bank Merchants Greene Blvd, 123 Merchants Greene Blvd Morristown, TN 37814 Full Service B&M $30,253
Hometrust Bank 100 Queens Road Charlotte, NC 28204 Full Service B&M $86,241
Hometrust Bank 100 West Main Street Cherryville, NC 28021 Full Service B&M $48,904
Hometrust Bank 1011 Tunnel Road, Suite 180 Asheville, NC 28805 Full Service B&M $42,918
Hometrust Bank 106 South Van Buren Road Eden, NC 27288 Full Service B&M $127,608
Hometrust Bank 107 West Center Street Lexington, NC 27292 Full Service B&M $66,319
Hometrust Bank 11564 Old Highway 52 Winston Salem, NC 27107 Full Service B&M $18,790
Hometrust Bank 11916 Kingston Pike Farragut, TN 37934 Full Service B&M $18,154
Hometrust Bank 120 Evans Avenue Morristown, TN 37814 Full Service B&M $243,055
Hometrust Bank 1315 Bradford View Drive Cary, NC 27513 Full Service B&M $17,415
Hometrust Bank 156 East Broadway Boulevard Jefferson City, TN 37760 Full Service B&M $26,206
Hometrust Bank 1571 Roanoke Road Daleville, VA 24083 Full Service B&M $37,048

For 2021, Hometrust Bank had 41 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $116,080
Net interest income $106,570
Total noninterest income $42,739
Gross Fiduciary activities income $0
Service charges on deposit accounts $3,219
Trading account gains and fees $0
Additional Noninterest Income $39,520
Pre-tax net operating income $27,891
Securities gains (or losses, -) $0
Income before extraordinary items $22,670
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $22,670
Minority interest net income $0
Net income $22,670
Sale, conversion, retirement of capital stock, net $1,676
Net operating income $22,670

Hometrust Bank's gross interest income from loans was $116,080,000.
Hometrust Bank's net interest income from loans was $106,570,000.
Hometrust Bank's fee based income from loans was $3,219,000.
Hometrust Bank's net income from loans was $22,670,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $9,510
Provision for credit losses $-9,015
Total noninterest expense $130,433
Salaries and employee benefits $61,702
Premises and equipment expense $10,525
Additional noninterest expense $58,206
Applicable income taxes $5,221
Net charge-offs $266
Cash dividends $24,682

Hometrust Bank's interest expense for loans was $9,510,000.
Hometrust Bank's payroll and benefits expense were $61,702,000.
Hometrust Bank's property, plant and equipment expenses $10,525,000.

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 5.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $3,004,063
Deposits held in domestic offices $3,004,063
Deposits by Individuals, partnerships, and corporations $2,730,026
Deposits by U.S. Government $1,058
Deposits by States and political subdivisions in the U.S. $270,246
Deposits by Commercial banks and other depository institutions in U.S. $2,733
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $425,610
Demand deposits $322,659
Nontransaction accounts $2,578,453
Money market deposit accounts (MMDAs) $1,912,166
Other savings deposits (excluding MMDAs) $224,474
Total time deposits $441,813
Total time and savings deposits $2,681,404
Noninterest-bearing deposits $696,183
Interest-bearing deposits $2,307,880
Retail deposits $2,919,123
IRAs and Keogh plan accounts $84,453
Brokered deposits $2,325
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $3,502,617
Cash & Balances due from depository institutions $68,700
Interest-bearing balances $48,114
Total securities $376,007
Federal funds sold & reverse repurchase $0
Net loans and leases $2,767,210
Loan and leases loss allowance $30,933
Trading account assets $0
Bank premises and fixed assets $76,691
Other real estate owned $45
Goodwill and other intangibles $29,046
All other assets $184,918

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $3,502,617
Total Liabilities $3,112,914
Total deposits $3,004,063
Interest-bearing deposits $2,307,880
Deposits held in domestic offices $3,004,063
% insured (estimated) $81
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $54,153
Subordinated debt $0
All other liabilities $54,698

Issued Loan Types

Type Value (in 000's)
Net loans and leases $2,767,210
Loan and leases loss allowance $30,933
Total loans and leases (domestic) $2,798,143
All real estate loans $2,023,934
Real estate loans in domestic offices $2,023,934
Construction and development loans $292,172
Residential 1-4 family construction $139,772
Other construction, all land development and other land $152,400
Loans secured by nonfarm nonresidential properties $1,040,453
Nonfarm nonresidential secured by owner-occupied properties $325,405
Commercial real estate & other non-farm, non-residential $715,048
Multifamily residential real estate $80,071
1-4 family residential loans $609,581
Farmland loans $1,657
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $618,835
To non-U.S. addressees $0
Loans to individuals $91,691
Credit card loans $0
Related Plans $734
Consumer Auto Loans $86,286
Other loans to individuals $4,671
All other loans & leases $63,683
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 $11,048
Non 1-4 family restructured loans & leases $1,993
Total loans and leases (foreign) $0

HomeTrust Bank had $2,767,210,000 of loans outstanding in 2021. $2,023,934,000 of loans were in real estate loans. $292,172,000 of loans were in development loans. $80,071,000 of loans were in multifamily mortgage loans. $609,581,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $86,286,000 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 728 $206,193 $283,232
Nonfarm, nonresidential loans - <$100k 88 $3,320 $37,727
Nonfarm, nonresidential loans - $100-250k 169 $19,802 $117,172
Nonfarm, nonresidential loans - $250k-1MM 471 $183,071 $388,686
Commercial & Industrial, US addressed loans - <$1MM 3,347 $395,579 $118,189
Commercial & Industrial, US addressed loans - <$100k 1,254 $50,404 $40,195
Commercial & Industrial, US addressed loans - $100-250k 1,399 $158,224 $113,098
Commercial & Industrial, US addressed loans - $250k-1MM 694 $186,951 $269,382
Farmland loans - <$1MM 6 $420 $70,000
Farmland loans - <$100k 3 $119 $39,667
Farmland loans - $100-250k 2 $71 $35,500
Farmland loans - $250k-1MM 1 $230 $230,000