Homebank Mortgage Rates, Fees & Info
Palmyra, MOLEI: 549300DFV63SJPNIII97
Tax ID: 43-0447990
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Mortgage Data
Bank Data
Review & Overview
Homebank is a smaller bank specializing in Home Purchase loans. Homebank has a high proportion of conventional loans. Their top markets by origination volume include: Hannibal, Quincy, Columbia, St. Louis, and Fort Madison among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Homebank 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. Homebank 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.47% | 11/22/24 |
| 30 Year Conventional Refi | 6.89% | 11/22/24 |
| 30 Year Cash-out Refi | 6.71% | 11/22/24 |
| 30 Year FHA Purchase | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 6.18% | 11/22/24 |
| 15 Year Conventional Refi | 5.79% | 11/22/24 |
| 15 Year Cash-out Refi | 5.79% | 11/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Homebank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
246Origination Dollar Volume (All Markets)
$27,610,000Employee count
99Awards
HomeBank - 2018
HomeBank is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Hannibal, MO (FHA|USDA|VA) | 104 | $11,130,000 | $107,019 | $1,260 | 4.90% |
| Quincy, IL-MO (FHA|USDA|VA) | 108 | $10,600,000 | $98,148 | $1,353 | 4.93% |
| Outside of Metro Areas | 8 | $1,200,000 | $150,000 | $1,756 | 4.83% |
| COLUMBIA, MO (FHA|USDA|VA) | 7 | $1,065,000 | $152,143 | $1,261 | 4.68% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $2,549 | 5.62% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $1,664 | 5.62% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $2,047 | 4.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 4.25% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $1,729 | 5.50% |
| Kirksville, MO (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $1,348 | 5.23% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,226 | 4.63% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,999 | 4.63% |
| Moberly, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.85% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,374 | 5.25% |
| Fairfield, IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,115 | 4.88% |
| Mexico, MO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against HomeBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 24
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 245 | $27,455,000 | $112,061 | $1,374 | 4.93% |
| HELOC | 1 | $155,000 | $155,000 | n/a | 5.75% |
For 2018, Homebank's most frequently originated type of loan was Conventional, with 245 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2018, Homebank's most frequently cited loan purpose was Home Purchase, with 140 originations. The 2nd most popular reason was Cash Out Refi, with 53 originations.
Loan Duration/Length
For 2018, Homebank's most frequently cited loan duration was 30 Year, with 94 originations. The 2nd most popular length was 15 Year, with 57 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 172 | $22,340,000 | $129,884 |
Homebank's average total fees were $1,509, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 172 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 134 | $18,150,000 | $135,448 |
| 5-6% | 79 | $6,375,000 | $80,696 |
| 3-4% | 18 | $1,920,000 | $106,667 |
| 6-7% | 14 | $1,150,000 | $82,143 |
| 7-8% | 1 | $15,000 | $15,000 |
During 2018, Homebank's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 134 originations.
Loan Sizing
2018 saw Homebank place emphasis on $100,000 or less loans with 127 originations, totaling $7,025,000 in origination value.
Applicant Income
Homebank lent most frequently to those with incomes in the $50k or less range, with 63 originations. The second most popular income band? $50k-75k, with 49 originations.
Applicant Debt to Income Ratio
Homebank lent most frequently to those with DTI ratios of 20-30%, with 51 originations. The next most common DTI ratio? 30-36%, with 35 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.83%
Homebank has an average approval rate.
Pick Rate
Approvals leading to origination88.21%
Homebank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 246 | $27,610,000 | $112,236 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HOME BANCSHARES, INC. | Other type of mortgage | Trouble during payment process | 3 | 75.0% |
| HOME BANCSHARES, INC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| HomeBank | 1132 Broadway Quincy, IL 62301 | Full Service B&M | $77,375 |
| HomeBank | 1399 East Highway 22 Centralia, MO 65240 | Full Service B&M | $10,934 |
| HomeBank | 1810 Elm Street Canton, MO 63435 | Full Service B&M | $2,599 |
| HomeBank | 305 North 48th Street Quincy, IL 62305 | Full Service B&M | $33,307 |
| HomeBank | 3817 Mcmasters Avenue Hannibal, MO 63401 | Full Service B&M | $35,486 |
| HomeBank | 400 South Main Street Palmyra, MO 63461 | Full Service B&M | $128,629 |
| HomeBank | Highway 24 West Quincy, MO 63471 | Full Service B&M | $10,819 |
For 2018, Homebank had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $17,037 |
| Net interest income | $13,951 |
| Total noninterest income | $2,055 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $792 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,263 |
| Pre-tax net operating income | $4,715 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $4,725 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,725 |
| Minority interest net income | $0 |
| Net income | $4,725 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $4,725 |
Homebank's gross interest income from loans was $17,037,000.
Homebank's net interest income from loans was $13,951,000.
Homebank's fee based income from loans was $792,000.
Homebank's net income from loans was $4,725,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,086 |
| Provision for credit losses | $325 |
| Total noninterest expense | $10,966 |
| Salaries and employee benefits | $6,386 |
| Premises and equipment expense | $1,474 |
| Additional noninterest expense | $3,106 |
| Applicable income taxes | $-10 |
| Net charge-offs | $230 |
| Cash dividends | $3,294 |
Homebank's interest expense for loans was $3,086,000.
Homebank's payroll and benefits expense were $6,386,000.
Homebank's property, plant and equipment expenses $1,474,000.
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 | $311,075 |
| Deposits held in domestic offices | $311,075 |
| Deposits by Individuals, partnerships, and corporations | $275,319 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $27,209 |
| Deposits by Commercial banks and other depository institutions in U.S. | $8,547 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $120,531 |
| Demand deposits | $59,043 |
| Nontransaction accounts | $190,544 |
| Money market deposit accounts (MMDAs) | $31,148 |
| Other savings deposits (excluding MMDAs) | $56,327 |
| Total time deposits | $103,069 |
| Total time and savings deposits | $252,032 |
| Noninterest-bearing deposits | $50,575 |
| Interest-bearing deposits | $260,500 |
| Retail deposits | $303,418 |
| IRAs and Keogh plan accounts | $13,072 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $399,620 |
| Cash & Balances due from depository institutions | $15,884 |
| Interest-bearing balances | $7,670 |
| Total securities | $32,845 |
| Federal funds sold & reverse repurchase | $7,736 |
| Net loans and leases | $320,171 |
| Loan and leases loss allowance | $2,778 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $12,863 |
| Other real estate owned | $1,438 |
| Goodwill and other intangibles | $1,134 |
| All other assets | $7,549 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $399,620 |
| Total Liabilities | $362,375 |
| Total deposits | $311,075 |
| Interest-bearing deposits | $260,500 |
| Deposits held in domestic offices | $311,075 |
| % insured (estimated) | $88 |
| Federal funds purchased and repurchase agreements | $724 |
| Trading liabilities | $0 |
| Other borrowed funds | $46,637 |
| Subordinated debt | $0 |
| All other liabilities | $3,939 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $320,171 |
| Loan and leases loss allowance | $2,778 |
| Total loans and leases (domestic) | $322,949 |
| All real estate loans | $211,472 |
| Real estate loans in domestic offices | $211,472 |
| Construction and development loans | $10,651 |
| Residential 1-4 family construction | $5,072 |
| Other construction, all land development and other land | $5,579 |
| Loans secured by nonfarm nonresidential properties | $59,169 |
| Nonfarm nonresidential secured by owner-occupied properties | $38,419 |
| Commercial real estate & other non-farm, non-residential | $20,750 |
| Multifamily residential real estate | $3,394 |
| 1-4 family residential loans | $48,694 |
| Farmland loans | $89,564 |
| Loans held in foreign offices | $0 |
| Farm loans | $34,532 |
| Commercial and industrial loans | $65,919 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $8,279 |
| Credit card loans | $0 |
| Related Plans | $156 |
| Consumer Auto Loans | $3,202 |
| Other loans to individuals | $4,921 |
| All other loans & leases | $2,746 |
| 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 |
HomeBank had $320,171,000 of loans outstanding in 2018. $211,472,000 of loans were in real estate loans. $10,651,000 of loans were in development loans. $3,394,000 of loans were in multifamily mortgage loans. $48,694,000 of loans were in 1-4 family mortgage loans. $34,532,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,202,000 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 | 249 | $38,848 | $156,016 |
| Nonfarm, nonresidential loans - <$100k | 110 | $4,311 | $39,191 |
| Nonfarm, nonresidential loans - $100-250k | 76 | $10,175 | $133,882 |
| Nonfarm, nonresidential loans - $250k-1MM | 63 | $24,362 | $386,698 |
| Commercial & Industrial, US addressed loans - <$1MM | 555 | $32,173 | $57,969 |
| Commercial & Industrial, US addressed loans - <$100k | 452 | $9,361 | $20,710 |
| Commercial & Industrial, US addressed loans - $100-250k | 58 | $5,782 | $99,690 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 45 | $17,030 | $378,444 |
| Farmland loans - <$1MM | 324 | $40,071 | $123,676 |
| Farmland loans - <$100k | 144 | $5,913 | $41,063 |
| Farmland loans - $100-250k | 123 | $16,610 | $135,041 |
| Farmland loans - $250k-1MM | 57 | $17,548 | $307,860 |
| Agriculture operations loans - <$1MM | 372 | $18,624 | $50,065 |
| Agriculture operations loans - <$100k | 298 | $6,619 | $22,211 |
| Agriculture operations loans - $100-250k | 46 | $4,873 | $105,935 |
| Agriculture operations loans - $250k-1MM | 28 | $7,132 | $254,714 |