Hendricks County Bank And Trust Company Mortgage Rates, Fees & Info

Brownsburg, IN

LEI: 549300D5ZV9HW2DYO911

Tax ID: 35-0201000

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
  • Similar Lenders
  • 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

    Hendricks County Bank And Trust Company is a smaller bank specializing in Refi loans. Hendricks County Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Muncie, and Crawfordsville among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hendricks County Bank And Trust Company has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Hendricks County Bank And Trust Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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

    79

    Origination Dollar Volume (All Markets)

    $13,125,000

    Employee count

    46

    Awards

    Hendricks County Bank and Trust Company 30 Year Conventional Loans silver Hendricks County Bank and Trust Company 30 Year Conventional Loans gold
    Show all (2) awards

    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
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 72 $12,040,000 $167,222 $1,827 5.47%
    MUNCIE, IN (FHA|USDA|VA) 6 $920,000 $153,333 $0 6.17%
    Crawfordsville, IN (FHA|USDA|VA) 1 $165,000 $165,000 $2,078 5.00%
    Hendricks County Bank And Trust Company's top markets include Indianapolis, Muncie, and Crawfordsville among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Hendricks County Bank and Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Greenfield Banking Company
    Similarity Rank: 255
    Hendricks County Bank and Trust Company
    Similarity Rank: 393
    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 450
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    The Farmers Bank, Frankfort, Indiana
    Similarity Rank: 814
    The National Bank of Indianapolis
    Similarity Rank: 1020
    Stock Yards Bank & Trust Company
    Similarity Rank: 1176
    INDIANA MEMBERS CREDIT UNION
    Similarity Rank: 1278
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1482
    FORUM Credit Union
    Similarity Rank: 1520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 78 $13,030,000 $167,051 $1,835 5.52%
    HELOC 1 $95,000 $95,000 n/a 0.00%

    For 2018, Hendricks County Bank And Trust Company's most frequently originated type of loan was Conventional, with 78 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 35 $6,675,000 $190,714 $1,803 5.45%
    Home Purchase 17 $2,245,000 $132,059 $2,007 5.39%
    Cash Out Refi 16 $2,570,000 $160,625 $1,907 5.88%
    Other 9 $1,385,000 $153,889 $1,573 5.45%
    Home Improvement 2 $250,000 $125,000 $1,515 5.25%

    For 2018, Hendricks County Bank And Trust Company's most frequently cited loan purpose was Refi, with 35 originations. The 2nd most popular reason was Home Purchase, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 37 $6,105,000 $165,000 $1,692 5.39%
    20 Year 23 $3,565,000 $155,000 $1,996 6.03%
    30 Year 15 $2,995,000 $199,667 $1,971 5.01%
    10 Year 2 $190,000 $95,000 $1,752 5.25%
    Other 2 $270,000 $135,000 $0 7.00%

    For 2018, Hendricks County Bank And Trust Company's most frequently cited loan duration was 15 Year, with 37 originations. The 2nd most popular length was 20 Year, with 23 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 32 $6,470,000 $202,188
    6-7% 23 $3,445,000 $149,783
    4-5% 17 $2,135,000 $125,588
    3-4% 6 $980,000 $163,333

    During 2018, Hendricks County Bank And Trust Company's average interest rate for loans was 5.01%, while their most frequently originated rate bucket for loans was 5-6%, with 32 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 36 $5,020,000 $139,444 $1,859 5.56%
    $100,000 or less 28 $2,100,000 $75,000 $1,669 5.42%
    $200k-400k 9 $2,525,000 $280,556 $2,246 5.40%
    $400k-600k 3 $1,335,000 $445,000 $1,769 5.89%
    $600k-1MM 3 $2,145,000 $715,000 $0 5.96%

    2018 saw Hendricks County Bank And Trust Company place emphasis on $100k-200k loans with 36 originations, totaling $5,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 11 $1,445,000 $131,364 $2,014 4.70%
    $100k-150k 8 $1,390,000 $173,750 $1,846 4.91%
    $50k-75k 8 $890,000 $111,250 $1,670 4.88%
    $50k or less 6 $630,000 $105,000 $1,752 4.94%
    $250k+ 4 $1,200,000 $300,000 $1,758 5.51%
    $150k-250k 3 $805,000 $268,333 $1,889 5.46%

    Hendricks County Bank And Trust Company lent most frequently to those with incomes in the $75k-100k range, with 11 originations. The second most popular income band? $100k-150k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 15 $1,905,000 $127,000 $1,862 4.74%
    30-36% 7 $1,395,000 $199,286 $1,779 4.91%
    <20% 5 $715,000 $143,000 $1,592 4.63%
    39% 2 $250,000 $125,000 $1,912 5.31%
    41% 2 $140,000 $70,000 $1,443 4.19%
    45% 1 $285,000 $285,000 $3,993 5.38%
    43% 1 $75,000 $75,000 $1,485 4.88%
    38% 1 $335,000 $335,000 $1,859 3.88%

    Hendricks County Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? 30-36%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 38 $6,660,000 $175,263 $0 6.11%
    White 40 $6,010,000 $150,250 $1,837 4.97%
    Not provided 1 $455,000 $455,000 $1,769 5.75%

    Approval Rates

    Total approvals of all applications
    95.05%

    Hendricks County Bank And Trust Company 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
    78.48%

    Hendricks County Bank And Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 79 $13,125,000 $166,139

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $3,290,000 $548,333
    Single Family (1-4 Units):Manufactured 1 $75,000 $75,000
    Single Family (1-4 Units):Site-Built 72 $9,760,000 $135,556

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $925,000 $132,143 $2,194 4.84%
    40-60% 9 $1,235,000 $137,222 $1,894 5.00%
    60-80% 47 $8,825,000 $187,766 $1,741 5.74%
    80-100% 14 $2,030,000 $145,000 $1,901 5.63%
    Under 20% 2 $110,000 $55,000 $1,183 4.44%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Hendricks County Bank and Trust Company 1 East Main Street Brownsburg, IN 46112 Full Service B&M $48,068
    Hendricks County Bank and Trust Company 11 Northfield Brownsburg, IN 46112 Full Service B&M $17,459
    Hendricks County Bank and Trust Company 1649 East Main Street Plainfield, IN 46168 Full Service B&M $33,911
    Hendricks County Bank and Trust Company 23 South County Road 200 East Danville, IN 46122 Full Service B&M $22,898
    Hendricks County Bank and Trust Company 963 N State Road 267 Avon, IN 46123 Full Service B&M $17,904

    For 2018, Hendricks County Bank And Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,243
    Net interest income $5,556
    Total noninterest income $741
    Gross Fiduciary activities income $34
    Service charges on deposit accounts $184
    Trading account gains and fees $0
    Additional Noninterest Income $523
    Pre-tax net operating income $718
    Securities gains (or losses, -) $-101
    Income before extraordinary items $556
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $556
    Minority interest net income $0
    Net income $556
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $646

    Hendricks County Bank And Trust Company's gross interest income from loans was $6,243,000.
    Hendricks County Bank And Trust Company's net interest income from loans was $5,556,000.
    Hendricks County Bank And Trust Company's fee based income from loans was $184,000.
    Hendricks County Bank And Trust Company's net income from loans was $556,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $687
    Provision for credit losses $1
    Total noninterest expense $5,578
    Salaries and employee benefits $3,082
    Premises and equipment expense $804
    Additional noninterest expense $1,692
    Applicable income taxes $61
    Net charge-offs $2
    Cash dividends $43

    Hendricks County Bank And Trust Company's interest expense for loans was $687,000.
    Hendricks County Bank And Trust Company's payroll and benefits expense were $3,082,000.
    Hendricks County Bank And Trust Company's property, plant and equipment expenses $804,000.

    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 $139,821
    Deposits held in domestic offices $139,821
    Deposits by Individuals, partnerships, and corporations $127,818
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,002
    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 $59,434
    Demand deposits $49,658
    Nontransaction accounts $80,386
    Money market deposit accounts (MMDAs) $22,401
    Other savings deposits (excluding MMDAs) $29,106
    Total time deposits $28,879
    Total time and savings deposits $90,162
    Noninterest-bearing deposits $48,876
    Interest-bearing deposits $90,945
    Retail deposits $132,290
    IRAs and Keogh plan accounts $2,416
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $159,379
    Cash & Balances due from depository institutions $4,522
    Interest-bearing balances $3,064
    Total securities $49,795
    Federal funds sold & reverse repurchase $0
    Net loans and leases $96,843
    Loan and leases loss allowance $1,169
    Trading account assets $0
    Bank premises and fixed assets $5,142
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $3,077

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $159,379
    Total Liabilities $140,067
    Total deposits $139,821
    Interest-bearing deposits $90,945
    Deposits held in domestic offices $139,821
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $246

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $96,843
    Loan and leases loss allowance $1,169
    Total loans and leases (domestic) $98,012
    All real estate loans $85,275
    Real estate loans in domestic offices $85,275
    Construction and development loans $3,955
    Residential 1-4 family construction $585
    Other construction, all land development and other land $3,370
    Loans secured by nonfarm nonresidential properties $37,362
    Nonfarm nonresidential secured by owner-occupied properties $23,744
    Commercial real estate & other non-farm, non-residential $13,618
    Multifamily residential real estate $1,925
    1-4 family residential loans $37,506
    Farmland loans $4,527
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $9,045
    To non-U.S. addressees $0
    Loans to individuals $2,478
    Credit card loans $312
    Related Plans $13
    Consumer Auto Loans $2,020
    Other loans to individuals $133
    All other loans & leases $1,214
    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 $975
    Non 1-4 family restructured loans & leases $975
    Total loans and leases (foreign) $0

    Hendricks County Bank and Trust Company had $96,843,000 of loans outstanding in 2018. $85,275,000 of loans were in real estate loans. $3,955,000 of loans were in development loans. $1,925,000 of loans were in multifamily mortgage loans. $37,506,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $312,000 of loans were in credit card loans. $2,020,000 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 105 $22,450 $213,810
    Nonfarm, nonresidential loans - <$100k 18 $609 $33,833
    Nonfarm, nonresidential loans - $100-250k 37 $4,294 $116,054
    Nonfarm, nonresidential loans - $250k-1MM 50 $17,547 $350,940
    Commercial & Industrial, US addressed loans - <$1MM 163 $9,045 $55,491
    Commercial & Industrial, US addressed loans - <$100k 115 $2,968 $25,809
    Commercial & Industrial, US addressed loans - $100-250k 25 $2,226 $89,040
    Commercial & Industrial, US addressed loans - $250k-1MM 23 $3,851 $167,435
    Farmland loans - <$1MM 5 $522 $104,400
    Farmland loans - <$100k 2 $162 $81,000
    Farmland loans - $250k-1MM 3 $360 $120,000