Homeland Bancshares Mortgage Rates, Fees & Info

COLUMBIA, LA

LEI: 549300DOQN3O7NL3CA31

Tax ID: 72-1024583

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Homeland Bancshares is a smaller mortgage company specializing in Refi and Home Purchase loans. Homeland Bancshares has a high proportion of conventional loans. Their top markets by origination volume include: Monroe, Ruston, Alexandria, Lafayette, and Shreveport among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Homeland Bancshares 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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    Originations

    233

    Origination Dollar Volume (All Markets)

    $27,205,000

    Employee count

    72

    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
    Outside of Metro Areas 156 $13,830,000 $88,654 $0 0.00%
    MONROE, LA (FHA|USDA|VA) 64 $11,360,000 $177,500 $0 0.00%
    Ruston, LA (FHA|USDA|VA) 5 $805,000 $161,000 $0 0.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 3 $495,000 $165,000 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    DeRidder, LA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Natchitoches, LA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Homeland Bancshares's top markets include Monroe, Ruston, Alexandria, Lafayette, and Shreveport among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 233 $27,205,000 $116,760 $0 0.00%

    For 2019, Homeland Bancshares's most frequently originated type of loan was Conventional, with 233 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 105 $12,205,000 $116,238 $0 0.00%
    Home Purchase 94 $13,540,000 $144,043 $0 0.00%
    Other 24 $1,140,000 $47,500 $0 0.00%
    Home Improvement 10 $320,000 $32,000 $0 0.00%

    For 2019, Homeland Bancshares's most frequently cited loan purpose was Refi, with 105 originations. The 2nd most popular reason was Home Purchase, with 94 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 233 $27,205,000 $116,760 $0 0.00%

    For 2019, Homeland Bancshares's most frequently cited loan duration was Other, with 233 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 148 $6,900,000 $46,622 $0 0.00%
    $100k-200k 53 $7,645,000 $144,245 $0 0.00%
    $200k-400k 25 $6,975,000 $279,000 $0 0.00%
    $400k-600k 4 $2,010,000 $502,500 $0 0.00%
    $1MM+ 2 $3,070,000 $1,535,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2019 saw Homeland Bancshares place emphasis on $100,000 or less loans with 148 originations, totaling $6,900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 49 $3,065,000 $62,551 $0 0.00%
    $50k-75k 35 $2,355,000 $67,286 $0 0.00%
    $100k-150k 33 $4,215,000 $127,727 $0 0.00%
    $75k-100k 28 $2,800,000 $100,000 $0 0.00%
    $150k-250k 24 $4,150,000 $172,917 $0 0.00%
    $250k+ 9 $1,825,000 $202,778 $0 0.00%

    Homeland Bancshares lent most frequently to those with incomes in the $50k or less range, with 49 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 233 $27,205,000 $116,760 $0 0.00%

    Homeland Bancshares lent most frequently to those with DTI ratios of Exempt%, with 233 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 192 $18,710,000 $97,448 $0 0.00%
    Not applicable 28 $7,260,000 $259,286 $0 0.00%
    Black 12 $1,070,000 $89,167 $0 0.00%
    Asian 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.76%

    Homeland Bancshares has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.69%

    Homeland Bancshares has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 233 $27,205,000 $116,760

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $2,595,000 $865,000
    Multifamily:Site-Built 1 $1,365,000 $1,365,000
    Single Family (1-4 Units):Manufactured 87 $6,135,000 $70,517
    Single Family (1-4 Units):Site-Built 142 $17,110,000 $120,493

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Home Loan Center, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 42.9%
    Home Loan Center, Inc. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 28.6%
    Home Loan Center, Inc. Other type of mortgage Credit monitoring or identity theft protection services 1 14.3%
    Home Loan Center, Inc. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Homeland Federal Savings Bank 2103 North 7th Street West Monroe, LA 71291 Full Service B&M $22,761
    Homeland Federal Savings Bank 2591 Tower Drive Monroe, LA 71201 Full Service B&M $47,201
    Homeland Federal Savings Bank 3491 South First Street Jena, LA 71342 Full Service B&M $44,323
    Homeland Federal Savings Bank 7840 Us Highway 165 South Columbia, LA 71418 Full Service B&M $153,166

    For 2019, Homeland Bancshares had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,177
    Net interest income $13,037
    Total noninterest income $3,154
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,466
    Trading account gains and fees $0
    Additional Noninterest Income $1,688
    Pre-tax net operating income $4,300
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,300
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,300
    Minority interest net income $0
    Net income $4,300
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,300

    Homeland Bancshares's gross interest income from loans was $18,177,000.
    Homeland Bancshares's net interest income from loans was $13,037,000.
    Homeland Bancshares's fee based income from loans was $1,466,000.
    Homeland Bancshares's net income from loans was $4,300,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,140
    Provision for credit losses $1,500
    Total noninterest expense $10,391
    Salaries and employee benefits $5,681
    Premises and equipment expense $1,176
    Additional noninterest expense $3,534
    Applicable income taxes $0
    Net charge-offs $1,767
    Cash dividends $2,700

    Homeland Bancshares's interest expense for loans was $5,140,000.
    Homeland Bancshares's payroll and benefits expense were $5,681,000.
    Homeland Bancshares's property, plant and equipment expenses $1,176,000.

    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 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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $290,520
    Deposits held in domestic offices $290,520
    Deposits by Individuals, partnerships, and corporations $272,517
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $18,003
    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 $54,861
    Demand deposits $0
    Nontransaction accounts $235,659
    Money market deposit accounts (MMDAs) $37,674
    Other savings deposits (excluding MMDAs) $22,519
    Total time deposits $175,467
    Total time and savings deposits $290,520
    Noninterest-bearing deposits $28,110
    Interest-bearing deposits $262,410
    Retail deposits $234,641
    IRAs and Keogh plan accounts $17,392
    Brokered deposits $2,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $343,253
    Cash & Balances due from depository institutions $17,781
    Interest-bearing balances $6,808
    Total securities $13,920
    Federal funds sold & reverse repurchase $14,650
    Net loans and leases $276,954
    Loan and leases loss allowance $2,980
    Trading account assets $0
    Bank premises and fixed assets $10,361
    Other real estate owned $550
    Goodwill and other intangibles $0
    All other assets $9,037

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $343,253
    Total Liabilities $308,781
    Total deposits $290,520
    Interest-bearing deposits $262,410
    Deposits held in domestic offices $290,520
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $13,500
    Subordinated debt $0
    All other liabilities $4,761

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $276,954
    Loan and leases loss allowance $2,980
    Total loans and leases (domestic) $279,934
    All real estate loans $214,910
    Real estate loans in domestic offices $214,910
    Construction and development loans $13,788
    Residential 1-4 family construction $4,643
    Other construction, all land development and other land $9,145
    Loans secured by nonfarm nonresidential properties $83,005
    Nonfarm nonresidential secured by owner-occupied properties $63,520
    Commercial real estate & other non-farm, non-residential $19,485
    Multifamily residential real estate $1,712
    1-4 family residential loans $105,331
    Farmland loans $11,074
    Loans held in foreign offices $0
    Farm loans $2,624
    Commercial and industrial loans $29,945
    To non-U.S. addressees $0
    Loans to individuals $32,730
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,865
    Other loans to individuals $26,865
    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 $1,019
    Non 1-4 family restructured loans & leases $141
    Total loans and leases (foreign) $0

    HOMELAND BANCSHARES had $276,954,000 of loans outstanding in 2019. $214,910,000 of loans were in real estate loans. $13,788,000 of loans were in development loans. $1,712,000 of loans were in multifamily mortgage loans. $105,331,000 of loans were in 1-4 family mortgage loans. $2,624,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,865,000 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 391 $47,392 $121,207
    Nonfarm, nonresidential loans - <$100k 245 $9,057 $36,967
    Nonfarm, nonresidential loans - $100-250k 74 $8,475 $114,527
    Nonfarm, nonresidential loans - $250k-1MM 72 $29,860 $414,722
    Commercial & Industrial, US addressed loans - <$1MM 294 $19,173 $65,214
    Commercial & Industrial, US addressed loans - <$100k 224 $5,757 $25,701
    Commercial & Industrial, US addressed loans - $100-250k 43 $4,861 $113,047
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $8,555 $316,852
    Farmland loans - <$1MM 105 $8,449 $80,467
    Farmland loans - <$100k 70 $2,389 $34,129
    Farmland loans - $100-250k 24 $3,134 $130,583
    Farmland loans - $250k-1MM 11 $2,926 $266,000
    Agriculture operations loans - <$1MM 6 $1,083 $180,500
    Agriculture operations loans - $100-250k 4 $529 $132,250
    Agriculture operations loans - $250k-1MM 2 $554 $277,000