The Hometown Bank Of Alabama Mortgage Rates, Fees & Info

Oneonta, AL

LEI: 549300FJRQ7KMJ2TQQ84

Tax ID: 14-1844545

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
  • 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

    The Hometown Bank Of Alabama is a smaller bank specializing in Home Purchase and Refi loans. The Hometown Bank Of Alabama has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Albertville, Gadsden, Cullman, and Fort Payne among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Hometown Bank Of Alabama has an 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

    278

    Origination Dollar Volume (All Markets)

    $36,500,000

    Employee count

    58

    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
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 250 $33,080,000 $132,320 $0 0.00%
    Albertville, AL (FHA|USDA|VA) 9 $895,000 $99,444 $0 0.00%
    GADSDEN, AL (FHA|USDA|VA) 8 $850,000 $106,250 $0 0.00%
    Cullman, AL (FHA|USDA|VA) 4 $700,000 $175,000 $0 0.00%
    Fort Payne, AL (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    The Hometown Bank Of Alabama's top markets include Birmingham, Albertville, Gadsden, Cullman, and Fort Payne among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 278 $36,500,000 $131,295 $0 0.00%

    For 2021, The Hometown Bank Of Alabama's most frequently originated type of loan was Conventional, with 278 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 139 $19,685,000 $141,619 $0 0.00%
    Refi 112 $15,380,000 $137,321 $0 0.00%
    Other 17 $865,000 $50,882 $0 0.00%
    Home Improvement 10 $570,000 $57,000 $0 0.00%

    For 2021, The Hometown Bank Of Alabama's most frequently cited loan purpose was Home Purchase, with 139 originations. The 2nd most popular reason was Refi, with 112 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 278 $36,500,000 $131,295 $0 0.00%

    For 2021, The Hometown Bank Of Alabama's most frequently cited loan duration was Other, with 278 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 126 $6,870,000 $54,524 $0 0.00%
    $100k-200k 98 $14,040,000 $143,265 $0 0.00%
    $200k-400k 51 $13,765,000 $269,902 $0 0.00%
    $400k-600k 2 $1,040,000 $520,000 $0 0.00%
    $600k-1MM 1 $785,000 $785,000 $0 0.00%

    2021 saw The Hometown Bank Of Alabama place emphasis on $100,000 or less loans with 126 originations, totaling $6,870,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 60 $7,860,000 $131,000 $0 0.00%
    $50k-75k 58 $5,670,000 $97,759 $0 0.00%
    $100k-150k 56 $8,030,000 $143,393 $0 0.00%
    $50k or less 55 $4,265,000 $77,545 $0 0.00%
    $150k-250k 32 $6,910,000 $215,938 $0 0.00%
    $250k+ 6 $1,940,000 $323,333 $0 0.00%

    The Hometown Bank Of Alabama lent most frequently to those with incomes in the $75k-100k range, with 60 originations. The second most popular income band? $50k-75k, with 58 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 278 $36,500,000 $131,295 $0 0.00%

    The Hometown Bank Of Alabama lent most frequently to those with DTI ratios of Exempt%, with 278 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 263 $34,825,000 $132,414 $0 0.00%
    Not applicable 7 $785,000 $112,143 $0 0.00%
    Black 7 $735,000 $105,000 $0 0.00%
    Asian 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.37%

    The Hometown Bank Of Alabama has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.37%

    The Hometown Bank Of Alabama has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 278 $36,500,000 $131,295

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    278 $36,500,000 $131,295

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Hometown Bank of Alabama 18045 State Highway 160 Cleveland, AL 35049 Full Service B&M $13,474
    The Hometown Bank of Alabama 2002 2nd Avenue, East Oneonta, AL 35121 Full Service B&M $300,084
    The Hometown Bank of Alabama 6811 Highway 79 Pinson, AL 35126 Full Service B&M $80,227
    The Hometown Bank of Alabama 713 Fairgrounds Ave Oneonta, AL 35121 Limited, Administrative $0
    The Hometown Bank of Alabama 87672 Us Highway 278 Snead, AL 35952 Full Service B&M $52,190

    For 2021, The Hometown Bank Of Alabama had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,003
    Net interest income $16,270
    Total noninterest income $6,806
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,081
    Trading account gains and fees $0
    Additional Noninterest Income $3,725
    Pre-tax net operating income $9,311
    Securities gains (or losses, -) $745
    Income before extraordinary items $7,742
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,742
    Minority interest net income $0
    Net income $7,742
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,153

    The Hometown Bank Of Alabama's gross interest income from loans was $19,003,000.
    The Hometown Bank Of Alabama's net interest income from loans was $16,270,000.
    The Hometown Bank Of Alabama's fee based income from loans was $3,081,000.
    The Hometown Bank Of Alabama's net income from loans was $7,742,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,733
    Provision for credit losses $0
    Total noninterest expense $13,765
    Salaries and employee benefits $6,181
    Premises and equipment expense $2,087
    Additional noninterest expense $5,497
    Applicable income taxes $2,314
    Net charge-offs $158
    Cash dividends $8,827

    The Hometown Bank Of Alabama's interest expense for loans was $2,733,000.
    The Hometown Bank Of Alabama's payroll and benefits expense were $6,181,000.
    The Hometown Bank Of Alabama's property, plant and equipment expenses $2,087,000.

    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 $467,465
    Deposits held in domestic offices $467,465
    Deposits by Individuals, partnerships, and corporations $398,013
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $69,452
    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 $237,633
    Demand deposits $171,459
    Nontransaction accounts $229,832
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $87,905
    Total time deposits $141,928
    Total time and savings deposits $296,006
    Noninterest-bearing deposits $92,234
    Interest-bearing deposits $375,231
    Retail deposits $425,069
    IRAs and Keogh plan accounts $26,721
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $528,471
    Cash & Balances due from depository institutions $108,017
    Interest-bearing balances $90,020
    Total securities $138,490
    Federal funds sold & reverse repurchase $0
    Net loans and leases $267,600
    Loan and leases loss allowance $3,247
    Trading account assets $0
    Bank premises and fixed assets $10,960
    Other real estate owned $435
    Goodwill and other intangibles $0
    All other assets $2,969

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $528,471
    Total Liabilities $468,248
    Total deposits $467,465
    Interest-bearing deposits $375,231
    Deposits held in domestic offices $467,465
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $783

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $267,600
    Loan and leases loss allowance $3,247
    Total loans and leases (domestic) $270,847
    All real estate loans $204,909
    Real estate loans in domestic offices $204,909
    Construction and development loans $15,223
    Residential 1-4 family construction $5,169
    Other construction, all land development and other land $10,054
    Loans secured by nonfarm nonresidential properties $29,062
    Nonfarm nonresidential secured by owner-occupied properties $12,537
    Commercial real estate & other non-farm, non-residential $16,525
    Multifamily residential real estate $24
    1-4 family residential loans $157,871
    Farmland loans $2,729
    Loans held in foreign offices $0
    Farm loans $1,109
    Commercial and industrial loans $23,421
    To non-U.S. addressees $0
    Loans to individuals $38,668
    Credit card loans $0
    Related Plans $1,580
    Consumer Auto Loans $17,773
    Other loans to individuals $19,315
    All other loans & leases $2,903
    Loans to foreign governments and official institutions $0
    Other loans $504
    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

    The Hometown Bank of Alabama had $267,600,000 of loans outstanding in 2021. $204,909,000 of loans were in real estate loans. $15,223,000 of loans were in development loans. $24,000 of loans were in multifamily mortgage loans. $157,871,000 of loans were in 1-4 family mortgage loans. $1,109,000 of loans were in farm loans. $0 of loans were in credit card loans. $17,773,000 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 167 $23,435 $140,329
    Nonfarm, nonresidential loans - <$100k 66 $2,909 $44,076
    Nonfarm, nonresidential loans - $100-250k 56 $7,139 $127,482
    Nonfarm, nonresidential loans - $250k-1MM 45 $13,387 $297,489
    Commercial & Industrial, US addressed loans - <$1MM 683 $20,118 $29,455
    Commercial & Industrial, US addressed loans - <$100k 630 $12,769 $20,268
    Commercial & Industrial, US addressed loans - $100-250k 31 $2,422 $78,129
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $4,927 $223,955
    Farmland loans - <$1MM 14 $2,309 $164,929
    Farmland loans - <$100k 4 $119 $29,750
    Farmland loans - $100-250k 6 $733 $122,167
    Farmland loans - $250k-1MM 4 $1,457 $364,250
    Agriculture operations loans - <$1MM 59 $1,109 $18,797
    Agriculture operations loans - <$100k 57 $799 $14,018
    Agriculture operations loans - $100-250k 2 $310 $155,000