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 and Cash Out Refi loans. Hendricks County Bank And Trust Company has a high proportion of conventional loans. Their top two markets are Indianapolis and Muncie .

    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

    81

    Origination Dollar Volume (All Markets)

    $15,305,000

    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) 80 $14,730,000 $184,125 $2,089 4.04%
    MUNCIE, IN (FHA|USDA|VA) 1 $575,000 $575,000 $1,818 3.88%
    Hendricks County Bank And Trust Company's top markets include Indianapolis 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.

    Hendricks County Bank and Trust Company
    Similarity Rank: 376
    Independent Federal Credit Union
    Similarity Rank: 441
    Madison County Federal Credit Union
    Similarity Rank: 488
    Security Federal Savings Bank
    Similarity Rank: 750
    BNC National Bank
    Similarity Rank: 1338
    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 1881
    CRANE
    Similarity Rank: 2070
    PARTNERS 1ST Federal Credit Union
    Similarity Rank: 2418
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 2496
    BEACON CREDIT UNION
    Similarity Rank: 2808

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 81 $15,305,000 $188,951 $2,085 4.03%

    For 2020, Hendricks County Bank And Trust Company's most frequently originated type of loan was Conventional, with 81 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 35 $6,955,000 $198,714 $2,127 3.39%
    Cash Out Refi 29 $5,305,000 $182,931 $2,071 4.81%
    Home Purchase 17 $3,045,000 $179,118 $1,999 4.03%

    For 2020, Hendricks County Bank And Trust Company's most frequently cited loan purpose was Refi, with 35 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 32 $4,990,000 $155,938 $2,083 3.57%
    30 Year 29 $6,215,000 $214,310 $2,094 3.42%
    20 Year 17 $3,645,000 $214,412 $2,058 5.83%
    10 Year 3 $455,000 $151,667 $2,066 4.75%

    For 2020, Hendricks County Bank And Trust Company's most frequently cited loan duration was 15 Year, with 32 originations. The 2nd most popular length was 30 Year, with 29 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 27 $6,225,000 $230,556
    2.5-3% 25 $4,585,000 $183,400
    4-5% 16 $2,470,000 $154,375
    5-6% 9 $1,295,000 $143,889
    <2.5% 3 $595,000 $198,333
    Over 8% 1 $135,000 $135,000

    During 2020, Hendricks County Bank And Trust Company's average interest rate for loans was 3.42%, while their most frequently originated rate bucket for loans was 3-4%, with 27 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 41 $6,235,000 $152,073 $2,059 4.25%
    $200k-400k 19 $5,075,000 $267,105 $2,178 3.61%
    $100,000 or less 16 $1,290,000 $80,625 $1,995 4.15%
    $400k-600k 4 $1,970,000 $492,500 $2,205 3.38%
    $600k-1MM 1 $735,000 $735,000 $0 4.00%

    2020 saw Hendricks County Bank And Trust Company place emphasis on $100k-200k loans with 41 originations, totaling $6,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 19 $3,785,000 $199,211 $2,128 3.30%
    $50k-75k 14 $1,960,000 $140,000 $2,025 5.62%
    $75k-100k 11 $1,795,000 $163,182 $2,000 3.48%
    $50k or less 10 $1,120,000 $112,000 $2,071 3.44%
    $250k+ 7 $2,215,000 $316,429 $2,069 3.52%
    $150k-250k 5 $1,305,000 $261,000 $2,317 2.98%

    Hendricks County Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k-75k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 19 $3,405,000 $179,211 $2,097 3.04%
    20-30% 15 $3,185,000 $212,333 $2,195 3.16%
    30-36% 12 $1,960,000 $163,333 $2,030 6.11%
    40% 3 $535,000 $178,333 $1,853 3.88%
    44% 2 $380,000 $190,000 $2,063 3.44%
    41% 2 $210,000 $105,000 $2,078 3.69%
    39% 1 $255,000 $255,000 $2,365 2.38%
    37% 1 $95,000 $95,000 $2,066 3.50%
    36% 1 $245,000 $245,000 $1,789 3.13%
    42% 1 $265,000 $265,000 $1,828 3.63%
    43% 1 $155,000 $155,000 $2,217 2.88%
    38% 1 $115,000 $115,000 $1,877 2.75%

    Hendricks County Bank And Trust Company lent most frequently to those with DTI ratios of <20%, with 19 originations. The next most common DTI ratio? 20-30%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 57 $10,725,000 $188,158 $2,088 3.94%
    Not applicable 14 $2,990,000 $213,571 $0 4.93%
    Not provided 8 $1,290,000 $161,250 $2,111 3.41%
    Black 1 $185,000 $185,000 $1,871 3.00%
    Native Hawaiian or Islander 1 $115,000 $115,000 $1,906 3.00%

    Approval Rates

    Total approvals of all applications
    94.74%

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

    Pick Rate

    Approvals leading to origination
    88.89%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 81 $15,305,000 $188,951

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,590,000 $397,500
    Single Family (1-4 Units):Manufactured 1 $135,000 $135,000
    Single Family (1-4 Units):Site-Built 76 $13,580,000 $178,684

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $1,740,000 $217,500 $2,119 3.22%
    40-60% 24 $3,730,000 $155,417 $2,085 3.22%
    60-80% 44 $8,750,000 $198,864 $2,094 4.63%
    80-100% 5 $1,085,000 $217,000 $1,919 3.98%

    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 $69,650
    Hendricks County Bank and Trust Company 11 Northfield Brownsburg, IN 46112 Full Service B&M $21,020
    Hendricks County Bank and Trust Company 1649 East Main Street Plainfield, IN 46168 Full Service B&M $33,312
    Hendricks County Bank and Trust Company 23 South County Road 200 East Danville, IN 46122 Full Service B&M $24,744
    Hendricks County Bank and Trust Company 963 N State Road 267 Avon, IN 46123 Full Service B&M $17,125

    For 2020, Hendricks County Bank And Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,894
    Net interest income $6,201
    Total noninterest income $924
    Gross Fiduciary activities income $41
    Service charges on deposit accounts $143
    Trading account gains and fees $0
    Additional Noninterest Income $740
    Pre-tax net operating income $454
    Securities gains (or losses, -) $65
    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 $491

    Hendricks County Bank And Trust Company's gross interest income from loans was $6,894,000.
    Hendricks County Bank And Trust Company's net interest income from loans was $6,201,000.
    Hendricks County Bank And Trust Company's fee based income from loans was $143,000.
    Hendricks County Bank And Trust Company's net income from loans was $556,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $693
    Provision for credit losses $87
    Total noninterest expense $6,584
    Salaries and employee benefits $3,290
    Premises and equipment expense $1,255
    Additional noninterest expense $2,039
    Applicable income taxes $-37
    Net charge-offs $-25
    Cash dividends $43

    Hendricks County Bank And Trust Company's interest expense for loans was $693,000.
    Hendricks County Bank And Trust Company's payroll and benefits expense were $3,290,000.
    Hendricks County Bank And Trust Company's property, plant and equipment expenses $1,255,000.

    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 6.0%
    Nonfarm, nonresidential loans 2.0%
    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 $171,308
    Deposits held in domestic offices $171,308
    Deposits by Individuals, partnerships, and corporations $158,155
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,154
    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 $76,129
    Demand deposits $52,525
    Nontransaction accounts $95,180
    Money market deposit accounts (MMDAs) $31,634
    Other savings deposits (excluding MMDAs) $32,486
    Total time deposits $31,060
    Total time and savings deposits $118,784
    Noninterest-bearing deposits $58,986
    Interest-bearing deposits $112,322
    Retail deposits $160,225
    IRAs and Keogh plan accounts $2,560
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $192,896
    Cash & Balances due from depository institutions $14,157
    Interest-bearing balances $12,786
    Total securities $59,644
    Federal funds sold & reverse repurchase $0
    Net loans and leases $105,803
    Loan and leases loss allowance $1,344
    Trading account assets $0
    Bank premises and fixed assets $9,144
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $4,148

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $192,896
    Total Liabilities $171,878
    Total deposits $171,308
    Interest-bearing deposits $112,322
    Deposits held in domestic offices $171,308
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $570

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $105,803
    Loan and leases loss allowance $1,344
    Total loans and leases (domestic) $107,147
    All real estate loans $85,808
    Real estate loans in domestic offices $85,808
    Construction and development loans $4,595
    Residential 1-4 family construction $1,597
    Other construction, all land development and other land $2,998
    Loans secured by nonfarm nonresidential properties $43,600
    Nonfarm nonresidential secured by owner-occupied properties $27,786
    Commercial real estate & other non-farm, non-residential $15,814
    Multifamily residential real estate $1,990
    1-4 family residential loans $30,334
    Farmland loans $5,289
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $18,049
    To non-U.S. addressees $0
    Loans to individuals $2,453
    Credit card loans $375
    Related Plans $9
    Consumer Auto Loans $1,944
    Other loans to individuals $125
    All other loans & leases $837
    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 $105,803,000 of loans outstanding in 2020. $85,808,000 of loans were in real estate loans. $4,595,000 of loans were in development loans. $1,990,000 of loans were in multifamily mortgage loans. $30,334,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $375,000 of loans were in credit card loans. $1,944,000 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 96 $21,690 $225,938
    Nonfarm, nonresidential loans - <$100k 15 $555 $37,000
    Nonfarm, nonresidential loans - $100-250k 33 $3,867 $117,182
    Nonfarm, nonresidential loans - $250k-1MM 48 $17,268 $359,750
    Commercial & Industrial, US addressed loans - <$1MM 319 $16,554 $51,893
    Commercial & Industrial, US addressed loans - <$100k 255 $6,320 $24,784
    Commercial & Industrial, US addressed loans - $100-250k 39 $4,325 $110,897
    Commercial & Industrial, US addressed loans - $250k-1MM 25 $5,909 $236,360
    Farmland loans - <$1MM 6 $1,878 $313,000
    Farmland loans - <$100k 1 $86 $86,000
    Farmland loans - $100-250k 1 $145 $145,000
    Farmland loans - $250k-1MM 4 $1,647 $411,750