Homeland Bancshares Mortgage Rates, Fees & Info
COLUMBIA, LALEI: 549300DOQN3O7NL3CA31
Tax ID: 72-1024583
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Bank Data
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. They have a low ratio of USDA loans. Their top markets by origination volume include: Monroe, Shreveport, Lafayette, New Orleans, and Alexandria among others. We have data for 14 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.
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Originations
345Origination Dollar Volume (All Markets)
$53,205,000Employee count
87Top 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 |
|---|---|---|---|---|---|
| MONROE, LA (FHA|USDA|VA) | 112 | $28,580,000 | $255,179 | $0 | 0.00% |
| Outside of Metro Areas | 182 | $17,110,000 | $94,011 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 21 | $2,365,000 | $112,619 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 7 | $1,165,000 | $166,429 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 11 | $1,005,000 | $91,364 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 344 | $53,170,000 | $154,564 | $0 | 0.00% |
| USDA | 1 | $35,000 | $35,000 | $0 | 0.00% |
For 2021, Homeland Bancshares's most frequently originated type of loan was Conventional, with 344 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2021, Homeland Bancshares's most frequently cited loan purpose was Refi, with 177 originations. The 2nd most popular reason was Home Purchase, with 152 originations.
Loan Duration/Length
For 2021, Homeland Bancshares's most frequently cited loan duration was Other, with 175 originations. The 2nd most popular length was 5 Year, with 147 originations.
Loan Sizing
2021 saw Homeland Bancshares place emphasis on $100,000 or less loans with 183 originations, totaling $10,065,000 in origination value.
Applicant Income
Homeland Bancshares lent most frequently to those with incomes in the $50k or less range, with 50 originations. The second most popular income band? $100k-150k, with 46 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 345 | $53,205,000 | $154,217 | $0 | 0.00% |
Homeland Bancshares lent most frequently to those with DTI ratios of Exempt%, with 345 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.15%
Homeland Bancshares has an average approval rate.
Pick Rate
Approvals leading to origination75.36%
Homeland Bancshares has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 345 | $53,205,000 | $154,217 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Home Loan Center, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 9 | 81.8% |
| Home Loan Center, Inc. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 9.1% |
| Home Loan Center, Inc. | Other type of mortgage | Closing on a mortgage | 1 | 9.1% |
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 | $42,673 |
| Homeland Federal Savings Bank | 2591 Tower Drive Monroe, LA 71201 | Full Service B&M | $69,275 |
| Homeland Federal Savings Bank | 3491 South First Street Jena, LA 71342 | Full Service B&M | $55,391 |
| Homeland Federal Savings Bank | 7840 Us Highway 165 South Columbia, LA 71418 | Full Service B&M | $180,893 |
For 2021, Homeland Bancshares had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $20,546 |
| Net interest income | $17,450 |
| Total noninterest income | $4,534 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,186 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,348 |
| Pre-tax net operating income | $6,085 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $6,085 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $6,085 |
| Minority interest net income | $0 |
| Net income | $6,085 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $6,085 |
Homeland Bancshares's gross interest income from loans was $20,546,000.
Homeland Bancshares's net interest income from loans was $17,450,000.
Homeland Bancshares's fee based income from loans was $1,186,000.
Homeland Bancshares's net income from loans was $6,085,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,096 |
| Provision for credit losses | $3,145 |
| Total noninterest expense | $12,754 |
| Salaries and employee benefits | $7,204 |
| Premises and equipment expense | $1,419 |
| Additional noninterest expense | $4,131 |
| Applicable income taxes | $0 |
| Net charge-offs | $2,058 |
| Cash dividends | $4,200 |
Homeland Bancshares's interest expense for loans was $3,096,000.
Homeland Bancshares's payroll and benefits expense were $7,204,000.
Homeland Bancshares's property, plant and equipment expenses $1,419,000.
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 | 1.0% |
| 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 | $392,997 |
| Deposits held in domestic offices | $392,997 |
| Deposits by Individuals, partnerships, and corporations | $360,846 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $32,151 |
| 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 | $106,124 |
| Demand deposits | $0 |
| Nontransaction accounts | $286,873 |
| Money market deposit accounts (MMDAs) | $43,844 |
| Other savings deposits (excluding MMDAs) | $38,353 |
| Total time deposits | $204,677 |
| Total time and savings deposits | $392,997 |
| Noninterest-bearing deposits | $63,739 |
| Interest-bearing deposits | $329,258 |
| Retail deposits | $334,121 |
| IRAs and Keogh plan accounts | $18,129 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $439,298 |
| Cash & Balances due from depository institutions | $53,154 |
| Interest-bearing balances | $29,753 |
| Total securities | $3,499 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $361,028 |
| Loan and leases loss allowance | $5,115 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $11,035 |
| Other real estate owned | $1,049 |
| Goodwill and other intangibles | $0 |
| All other assets | $9,533 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $439,298 |
| Total Liabilities | $398,771 |
| Total deposits | $392,997 |
| Interest-bearing deposits | $329,258 |
| Deposits held in domestic offices | $392,997 |
| % insured (estimated) | $77 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $5,774 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $361,028 |
| Loan and leases loss allowance | $5,115 |
| Total loans and leases (domestic) | $366,143 |
| All real estate loans | $279,874 |
| Real estate loans in domestic offices | $279,874 |
| Construction and development loans | $19,755 |
| Residential 1-4 family construction | $6,607 |
| Other construction, all land development and other land | $13,148 |
| Loans secured by nonfarm nonresidential properties | $100,870 |
| Nonfarm nonresidential secured by owner-occupied properties | $64,431 |
| Commercial real estate & other non-farm, non-residential | $36,439 |
| Multifamily residential real estate | $9,032 |
| 1-4 family residential loans | $128,488 |
| Farmland loans | $21,729 |
| Loans held in foreign offices | $0 |
| Farm loans | $2,420 |
| Commercial and industrial loans | $48,882 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $35,244 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $6,872 |
| Other loans to individuals | $28,372 |
| 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 | $956 |
| Non 1-4 family restructured loans & leases | $338 |
| Total loans and leases (foreign) | $0 |
HOMELAND BANCSHARES had $361,028,000 of loans outstanding in 2021. $279,874,000 of loans were in real estate loans. $19,755,000 of loans were in development loans. $9,032,000 of loans were in multifamily mortgage loans. $128,488,000 of loans were in 1-4 family mortgage loans. $2,420,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,872,000 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 | 206 | $45,404 | $220,408 |
| Nonfarm, nonresidential loans - <$100k | 75 | $3,836 | $51,147 |
| Nonfarm, nonresidential loans - $100-250k | 57 | $8,060 | $141,404 |
| Nonfarm, nonresidential loans - $250k-1MM | 74 | $33,508 | $452,811 |
| Commercial & Industrial, US addressed loans - <$1MM | 467 | $27,152 | $58,141 |
| Commercial & Industrial, US addressed loans - <$100k | 377 | $9,920 | $26,313 |
| Commercial & Industrial, US addressed loans - $100-250k | 51 | $6,452 | $126,510 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 39 | $10,780 | $276,410 |
| Farmland loans - <$1MM | 230 | $15,001 | $65,222 |
| Farmland loans - <$100k | 165 | $5,798 | $35,139 |
| Farmland loans - $100-250k | 53 | $6,472 | $122,113 |
| Farmland loans - $250k-1MM | 12 | $2,731 | $227,583 |
| Agriculture operations loans - <$1MM | 3 | $738 | $246,000 |
| Agriculture operations loans - $100-250k | 2 | $315 | $157,500 |
| Agriculture operations loans - $250k-1MM | 1 | $423 | $423,000 |