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

Brownsburg, IN

LEI: 549300D5ZV9HW2DYO911

Tax ID: 35-0201000

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 and Home Purchase loans. Hendricks County Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Terre Haute, and Muncie 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 an above 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

    53

    Origination Dollar Volume (All Markets)

    $8,735,000

    Employee count

    46

    Awards

    Hendricks County Bank and Trust Company 30 Year Conventional Loans gold 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) 50 $8,260,000 $165,200 $1,673 5.42%
    TERRE HAUTE, IN (FHA|USDA|VA) 2 $380,000 $190,000 $1,970 5.43%
    MUNCIE, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.88%
    Hendricks County Bank And Trust Company's top markets include Indianapolis, Terre Haute, and Muncie 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.

    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 434
    Hendricks County Bank and Trust Company
    Similarity Rank: 456
    Victory Community Bank
    Similarity Rank: 480
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1794
    Citizens State Bank of New Castle
    Similarity Rank: 1898
    FORUM Credit Union
    Similarity Rank: 1920
    TUCKER MORTGAGE, LLC
    Similarity Rank: 1962
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 2436
    Stock Yards Bank & Trust Company
    Similarity Rank: 2451
    Centra Credit Union
    Similarity Rank: 2541

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 53 $8,735,000 $164,811 $1,685 5.44%

    For 2019, Hendricks County Bank And Trust Company's most frequently originated type of loan was Conventional, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 24 $3,660,000 $152,500 $1,642 5.21%
    Home Purchase 21 $4,045,000 $192,619 $1,739 5.41%
    Other 4 $610,000 $152,500 $1,777 6.25%
    Cash Out Refi 4 $420,000 $105,000 $0 6.23%

    For 2019, Hendricks County Bank And Trust Company's most frequently cited loan purpose was Refi, with 24 originations. The 2nd most popular reason was Home Purchase, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 24 $3,530,000 $147,083 $1,802 5.95%
    30 Year 12 $2,370,000 $197,500 $1,971 4.58%
    15 Year 11 $1,495,000 $135,909 $1,491 5.22%
    Other 3 $1,255,000 $418,333 $0 5.63%
    5 Year 2 $40,000 $20,000 $309 6.00%
    10 Year 1 $45,000 $45,000 $1,515 4.38%

    For 2019, Hendricks County Bank And Trust Company's most frequently cited loan duration was 20 Year, with 24 originations. The 2nd most popular length was 30 Year, with 12 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 19 $3,505,000 $184,474
    4-5% 15 $2,735,000 $182,333
    6-7% 15 $1,785,000 $119,000
    3-4% 4 $710,000 $177,500

    During 2019, Hendricks County Bank And Trust Company's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 5-6%, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 22 $3,140,000 $142,727 $1,679 5.46%
    $100,000 or less 17 $1,015,000 $59,706 $1,327 5.68%
    $200k-400k 12 $3,330,000 $277,500 $2,151 5.18%
    $400k-600k 1 $485,000 $485,000 $1,820 4.13%
    $600k-1MM 1 $765,000 $765,000 $0 5.38%

    2019 saw Hendricks County Bank And Trust Company place emphasis on $100k-200k loans with 22 originations, totaling $3,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 9 $1,005,000 $111,667 $1,517 4.93%
    $150k-250k 8 $1,440,000 $180,000 $1,944 5.00%
    $100k-150k 4 $800,000 $200,000 $1,715 4.75%
    $75k-100k 3 $145,000 $48,333 $1,722 5.25%
    $250k+ 2 $540,000 $270,000 $1,820 5.26%
    $50k or less 2 $210,000 $105,000 $1,503 4.31%

    Hendricks County Bank And Trust Company lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $150k-250k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 13 $2,675,000 $205,769 $1,630 4.97%
    <20% 7 $845,000 $120,714 $1,748 4.43%
    30-36% 2 $240,000 $120,000 $1,644 4.13%
    36% 1 $75,000 $75,000 $1,929 4.38%
    38% 1 $185,000 $185,000 $1,702 5.13%
    41% 1 $175,000 $175,000 $1,736 5.00%

    Hendricks County Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? <20%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 25 $4,595,000 $183,800 $0 6.01%
    White 27 $4,045,000 $149,815 $1,685 4.88%
    Black 1 $95,000 $95,000 $0 6.50%

    Approval Rates

    Total approvals of all applications
    94.83%

    Hendricks County Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.23%

    Hendricks County Bank And Trust Company 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
    NA 53 $8,735,000 $164,811

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,620,000 $405,000
    Single Family (1-4 Units):Manufactured 1 $95,000 $95,000
    Single Family (1-4 Units):Site-Built 48 $7,020,000 $146,250

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $695,000 $99,286 $1,504 4.77%
    40-60% 8 $1,240,000 $155,000 $1,673 5.06%
    60-80% 30 $5,580,000 $186,000 $2,060 5.65%
    80-100% 5 $1,155,000 $231,000 $1,673 5.25%
    Under 20% 3 $65,000 $21,667 $309 6.33%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    HOMETRUST MORTGAGE COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    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 $55,831
    Hendricks County Bank and Trust Company 11 Northfield Brownsburg, IN 46112 Full Service B&M $18,435
    Hendricks County Bank and Trust Company 1649 East Main Street Plainfield, IN 46168 Full Service B&M $29,555
    Hendricks County Bank and Trust Company 23 South County Road 200 East Danville, IN 46122 Full Service B&M $27,001
    Hendricks County Bank and Trust Company 963 N State Road 267 Avon, IN 46123 Full Service B&M $14,906

    For 2019, Hendricks County Bank And Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,835
    Net interest income $5,758
    Total noninterest income $796
    Gross Fiduciary activities income $28
    Service charges on deposit accounts $206
    Trading account gains and fees $0
    Additional Noninterest Income $562
    Pre-tax net operating income $310
    Securities gains (or losses, -) $179
    Income before extraordinary items $133
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $133
    Minority interest net income $0
    Net income $133
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-8

    Hendricks County Bank And Trust Company's gross interest income from loans was $6,835,000.
    Hendricks County Bank And Trust Company's net interest income from loans was $5,758,000.
    Hendricks County Bank And Trust Company's fee based income from loans was $206,000.
    Hendricks County Bank And Trust Company's net income from loans was $133,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,077
    Provision for credit losses $102
    Total noninterest expense $6,142
    Salaries and employee benefits $3,223
    Premises and equipment expense $885
    Additional noninterest expense $2,034
    Applicable income taxes $356
    Net charge-offs $19
    Cash dividends $43

    Hendricks County Bank And Trust Company's interest expense for loans was $1,077,000.
    Hendricks County Bank And Trust Company's payroll and benefits expense were $3,223,000.
    Hendricks County Bank And Trust Company's property, plant and equipment expenses $885,000.

    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 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    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 $148,566
    Deposits held in domestic offices $148,566
    Deposits by Individuals, partnerships, and corporations $133,947
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $14,620
    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 $61,735
    Demand deposits $46,493
    Nontransaction accounts $86,832
    Money market deposit accounts (MMDAs) $26,445
    Other savings deposits (excluding MMDAs) $25,440
    Total time deposits $34,947
    Total time and savings deposits $102,074
    Noninterest-bearing deposits $50,294
    Interest-bearing deposits $98,272
    Retail deposits $137,348
    IRAs and Keogh plan accounts $2,261
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $168,795
    Cash & Balances due from depository institutions $8,658
    Interest-bearing balances $7,103
    Total securities $45,421
    Federal funds sold & reverse repurchase $0
    Net loans and leases $101,911
    Loan and leases loss allowance $1,231
    Trading account assets $0
    Bank premises and fixed assets $9,689
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $3,116

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $168,796
    Total Liabilities $149,275
    Total deposits $148,566
    Interest-bearing deposits $98,272
    Deposits held in domestic offices $148,566
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $709

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $101,911
    Loan and leases loss allowance $1,231
    Total loans and leases (domestic) $103,142
    All real estate loans $88,454
    Real estate loans in domestic offices $88,454
    Construction and development loans $2,799
    Residential 1-4 family construction $665
    Other construction, all land development and other land $2,134
    Loans secured by nonfarm nonresidential properties $43,407
    Nonfarm nonresidential secured by owner-occupied properties $28,254
    Commercial real estate & other non-farm, non-residential $15,153
    Multifamily residential real estate $1,498
    1-4 family residential loans $35,490
    Farmland loans $5,260
    Loans held in foreign offices $0
    Farm loans $86
    Commercial and industrial loans $10,000
    To non-U.S. addressees $0
    Loans to individuals $3,246
    Credit card loans $368
    Related Plans $13
    Consumer Auto Loans $2,130
    Other loans to individuals $735
    All other loans & leases $1,356
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Hendricks County Bank and Trust Company had $101,911,000 of loans outstanding in 2019. $88,454,000 of loans were in real estate loans. $2,799,000 of loans were in development loans. $1,498,000 of loans were in multifamily mortgage loans. $35,490,000 of loans were in 1-4 family mortgage loans. $86,000 of loans were in farm loans. $368,000 of loans were in credit card loans. $2,130,000 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 107 $22,715 $212,290
    Nonfarm, nonresidential loans - <$100k 22 $947 $43,045
    Nonfarm, nonresidential loans - $100-250k 35 $4,171 $119,171
    Nonfarm, nonresidential loans - $250k-1MM 50 $17,597 $351,940
    Commercial & Industrial, US addressed loans - <$1MM 159 $8,685 $54,623
    Commercial & Industrial, US addressed loans - <$100k 107 $2,413 $22,551
    Commercial & Industrial, US addressed loans - $100-250k 28 $2,445 $87,321
    Commercial & Industrial, US addressed loans - $250k-1MM 24 $3,827 $159,458
    Farmland loans - <$1MM 8 $1,106 $138,250
    Farmland loans - <$100k 3 $260 $86,667
    Farmland loans - $100-250k 2 $283 $141,500
    Farmland loans - $250k-1MM 3 $563 $187,667
    Agriculture operations loans - <$1MM 1 $86 $86,000
    Agriculture operations loans - <$100k 1 $86 $86,000