Homebank Mortgage Rates, Fees & Info
Palmyra, MOLEI: 549300DFV63SJPNIII97
Tax ID: 43-0447990
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Bank Data
Review & Overview
Homebank is a smaller bank specializing in Refi, Cash Out Refi, and Home Purchase loans. Homebank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Hannibal, Quincy, St. Louis, Columbia, and Mexico among others. We have data for 19 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.
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% | 4/28/24 |
| 30 Year Conventional Refi | 6.89% | 4/28/24 |
| 30 Year Cash-out Refi | 6.71% | 4/28/24 |
| 30 Year FHA Purchase | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 6.18% | 4/28/24 |
| 15 Year Conventional Refi | 5.79% | 4/28/24 |
| 15 Year Cash-out Refi | 5.79% | 4/28/24 |
| 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. | ||
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Originations
584Origination Dollar Volume (All Markets)
$91,240,000Employee count
126Top 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) | 235 | $34,975,000 | $148,830 | $0 | 0.00% |
| Quincy, IL-MO (FHA|USDA|VA) | 236 | $34,460,000 | $146,017 | $0 | 0.00% |
| Outside of Metro Areas | 22 | $5,890,000 | $267,727 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 23 | $3,875,000 | $168,478 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 22 | $3,760,000 | $170,909 | $0 | 0.00% |
| Mexico, MO (FHA|USDA|VA) | 19 | $3,145,000 | $165,526 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $0 | 0.00% |
| Kirksville, MO (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $0 | 0.00% |
| Macomb, IL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Fairfield, IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Moberly, MO (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 583 | $91,155,000 | $156,355 | $0 | 0.00% |
| USDA | 1 | $85,000 | $85,000 | $0 | 0.00% |
For 2020, Homebank's most frequently originated type of loan was Conventional, with 583 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2020, Homebank's most frequently cited loan purpose was Refi, with 277 originations. The 2nd most popular reason was Cash Out Refi, with 144 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 584 | $91,240,000 | $156,233 | $0 | 0.00% |
For 2020, Homebank's most frequently cited loan duration was Other, with 584 originations.
Loan Sizing
2020 saw Homebank place emphasis on $100k-200k loans with 246 originations, totaling $35,780,000 in origination value.
Applicant Income
Homebank lent most frequently to those with incomes in the $100k-150k range, with 132 originations. The second most popular income band? $50k-75k, with 106 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 584 | $91,240,000 | $156,233 | $0 | 0.00% |
Homebank lent most frequently to those with DTI ratios of Exempt%, with 584 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.74%
Homebank has an average approval rate.
Pick Rate
Approvals leading to origination88.70%
Homebank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 584 | $91,240,000 | $156,233 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HOME BANCSHARES, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Homebank | 1132 Broadway, P. O. Box 1132 Quincy, IL 62301 | Full Service B&M | $97,475 |
| Homebank | 1399 East Highway 22 Centralia, MO 65240 | Full Service B&M | $12,353 |
| Homebank | 1810 Elm Street Canton, MO 63435 | Full Service B&M | $9,204 |
| Homebank | 2977 South Clark St Mexico, MO 65265 | Full Service B&M | $6,608 |
| Homebank | 305 North 48th Street Quincy, IL 62305 | Full Service B&M | $35,116 |
| Homebank | 3817 Mcmasters Avenue Hannibal, MO 63401 | Full Service B&M | $43,169 |
| Homebank | 400 South Main Street Palmyra, MO 63461 | Full Service B&M | $132,472 |
| Homebank | Highway 24 West Quincy, MO 63471 | Full Service B&M | $11,637 |
For 2020, Homebank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $19,393 |
| Net interest income | $15,782 |
| Total noninterest income | $3,125 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $621 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,504 |
| Pre-tax net operating income | $5,526 |
| Securities gains (or losses, -) | $201 |
| Income before extraordinary items | $5,720 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $5,720 |
| Minority interest net income | $0 |
| Net income | $5,720 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $5,519 |
Homebank's gross interest income from loans was $19,393,000.
Homebank's net interest income from loans was $15,782,000.
Homebank's fee based income from loans was $621,000.
Homebank's net income from loans was $5,720,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,611 |
| Provision for credit losses | $200 |
| Total noninterest expense | $13,181 |
| Salaries and employee benefits | $7,991 |
| Premises and equipment expense | $1,850 |
| Additional noninterest expense | $3,340 |
| Applicable income taxes | $7 |
| Net charge-offs | $130 |
| Cash dividends | $3,000 |
Homebank's interest expense for loans was $3,611,000.
Homebank's payroll and benefits expense were $7,991,000.
Homebank's property, plant and equipment expenses $1,850,000.
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 | 1.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| 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 | $383,452 |
| Deposits held in domestic offices | $383,452 |
| Deposits by Individuals, partnerships, and corporations | $341,976 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $39,257 |
| Deposits by Commercial banks and other depository institutions in U.S. | $2,219 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $175,547 |
| Demand deposits | $95,146 |
| Nontransaction accounts | $207,905 |
| Money market deposit accounts (MMDAs) | $42,537 |
| Other savings deposits (excluding MMDAs) | $74,310 |
| Total time deposits | $91,058 |
| Total time and savings deposits | $288,306 |
| Noninterest-bearing deposits | $80,028 |
| Interest-bearing deposits | $303,424 |
| Retail deposits | $374,769 |
| IRAs and Keogh plan accounts | $12,169 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $436,604 |
| Cash & Balances due from depository institutions | $23,820 |
| Interest-bearing balances | $11,937 |
| Total securities | $52,675 |
| Federal funds sold & reverse repurchase | $8,998 |
| Net loans and leases | $330,544 |
| Loan and leases loss allowance | $2,899 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $14,282 |
| Other real estate owned | $358 |
| Goodwill and other intangibles | $829 |
| All other assets | $5,098 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $436,604 |
| Total Liabilities | $393,829 |
| Total deposits | $383,452 |
| Interest-bearing deposits | $303,424 |
| Deposits held in domestic offices | $383,452 |
| % insured (estimated) | $85 |
| Federal funds purchased and repurchase agreements | $1,229 |
| Trading liabilities | $0 |
| Other borrowed funds | $4,504 |
| Subordinated debt | $0 |
| All other liabilities | $4,644 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $330,544 |
| Loan and leases loss allowance | $2,899 |
| Total loans and leases (domestic) | $333,443 |
| All real estate loans | $219,996 |
| Real estate loans in domestic offices | $219,996 |
| Construction and development loans | $13,601 |
| Residential 1-4 family construction | $7,075 |
| Other construction, all land development and other land | $6,526 |
| Loans secured by nonfarm nonresidential properties | $56,255 |
| Nonfarm nonresidential secured by owner-occupied properties | $40,473 |
| Commercial real estate & other non-farm, non-residential | $15,782 |
| Multifamily residential real estate | $3,138 |
| 1-4 family residential loans | $47,571 |
| Farmland loans | $99,431 |
| Loans held in foreign offices | $0 |
| Farm loans | $32,352 |
| Commercial and industrial loans | $72,668 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $8,427 |
| Credit card loans | $0 |
| Related Plans | $325 |
| Consumer Auto Loans | $3,074 |
| Other loans to individuals | $5,028 |
| All other loans & leases | $0 |
| 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 $330,544,000 of loans outstanding in 2020. $219,996,000 of loans were in real estate loans. $13,601,000 of loans were in development loans. $3,138,000 of loans were in multifamily mortgage loans. $47,571,000 of loans were in 1-4 family mortgage loans. $32,352,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,074,000 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 | 239 | $37,613 | $157,377 |
| Nonfarm, nonresidential loans - <$100k | 105 | $3,950 | $37,619 |
| Nonfarm, nonresidential loans - $100-250k | 79 | $10,475 | $132,595 |
| Nonfarm, nonresidential loans - $250k-1MM | 55 | $23,188 | $421,600 |
| Commercial & Industrial, US addressed loans - <$1MM | 479 | $26,014 | $54,309 |
| Commercial & Industrial, US addressed loans - <$100k | 377 | $7,183 | $19,053 |
| Commercial & Industrial, US addressed loans - $100-250k | 54 | $4,634 | $85,815 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 48 | $14,197 | $295,771 |
| Farmland loans - <$1MM | 359 | $56,546 | $157,510 |
| Farmland loans - <$100k | 150 | $6,039 | $40,260 |
| Farmland loans - $100-250k | 141 | $19,418 | $137,716 |
| Farmland loans - $250k-1MM | 68 | $31,089 | $457,191 |
| Agriculture operations loans - <$1MM | 342 | $17,463 | $51,061 |
| Agriculture operations loans - <$100k | 270 | $6,487 | $24,026 |
| Agriculture operations loans - $100-250k | 48 | $5,351 | $111,479 |
| Agriculture operations loans - $250k-1MM | 24 | $5,625 | $234,375 |