Terre Haute Savings Bank Mortgage Rates, Fees & Info

Terre Haute, IN

LEI: 549300G2EZKPVQQ0D852

Tax ID: 35-0705150

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Mortgage Data

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

    Terre Haute Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Terre Haute Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Terre Haute, Indianapolis, Evansville, New Bern, and Bloomington among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Terre Haute Savings Bank 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. Terre Haute Savings Bank 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    165

    Origination Dollar Volume (All Markets)

    $20,375,000

    Employee count

    107

    Awards

    Terre Haute Savings Bank 30 Year Conventional Loans gold Terre Haute Savings Bank 30 Year Conventional Loans gold Terre Haute Savings Bank 30 Year Conventional Loans gold
    Show all (3) awards

    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
    TERRE HAUTE, IN (FHA|USDA|VA) 149 $17,145,000 $115,067 $1,701 4.89%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 7 $2,005,000 $286,429 $1,769 5.30%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $460,000 $230,000 $1,668 5.31%
    NEW BERN, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,403 4.63%
    Outside of Metro Areas 2 $180,000 $90,000 $2,155 4.63%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $125,000 $125,000 $1,840 4.25%
    Vincennes, IN (FHA|USDA|VA) 1 $105,000 $105,000 $1,603 5.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,561 4.25%
    MUNCIE, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.75%
    Terre Haute Savings Bank's top markets include Terre Haute, Indianapolis, Evansville, New Bern, and Bloomington among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Terre Haute Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Terre Haute Savings Bank
    Similarity Rank: 18
    ISU Federal Credit Union
    Similarity Rank: 30
    Wolfe Financial, Inc
    Similarity Rank: 372
    First Farmers Bank and Trust Company
    Similarity Rank: 527
    GVC MORTGAGE, INC.
    Similarity Rank: 567
    First Financial Bank
    Similarity Rank: 600
    Old National Bank
    Similarity Rank: 1386
    Mortgage Research Center, LLC
    Similarity Rank: 4510
    USAA Federal Savings Bank
    Similarity Rank: 5424
    RUOFF MORTGAGE COMPANY, INC.
    Similarity Rank: 5452

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 165 $20,375,000 $123,485 $1,725 4.90%

    For 2018, Terre Haute Savings Bank's most frequently originated type of loan was Conventional, with 165 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 106 $13,270,000 $125,189 $1,635 4.90%
    Refi 32 $5,310,000 $165,938 $1,922 4.86%
    Cash Out Refi 15 $1,145,000 $76,333 $1,872 4.67%
    Home Improvement 7 $305,000 $43,571 $2,013 5.43%
    Other 5 $345,000 $69,000 $1,982 5.23%

    For 2018, Terre Haute Savings Bank's most frequently cited loan purpose was Home Purchase, with 106 originations. The 2nd most popular reason was Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 69 $10,445,000 $151,377 $1,717 4.66%
    15 Year 65 $6,825,000 $105,000 $1,790 4.93%
    20 Year 17 $2,605,000 $153,235 $1,806 5.35%
    10 Year 9 $365,000 $40,556 $1,177 5.42%
    5 Year 2 $30,000 $15,000 $0 5.75%
    Other 2 $90,000 $45,000 $0 5.50%
    1 Year 1 $15,000 $15,000 $0 5.25%

    For 2018, Terre Haute Savings Bank's most frequently cited loan duration was 30 Year, with 69 originations. The 2nd most popular length was 15 Year, with 65 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 114 $15,520,000 $136,140
    $1k-2k 1 $225,000 $225,000

    Terre Haute Savings Bank's average total fees were $1,717, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 114 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 108 $14,310,000 $132,500
    5-6% 46 $4,470,000 $97,174
    3-4% 8 $1,550,000 $193,750
    6-7% 3 $45,000 $15,000

    During 2018, Terre Haute Savings Bank's average interest rate for loans was 4.66%, while their most frequently originated rate bucket for loans was 4-5%, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 92 $4,930,000 $53,587 $1,669 5.11%
    $100k-200k 43 $5,955,000 $138,488 $1,794 4.69%
    $200k-400k 24 $6,060,000 $252,500 $1,718 4.52%
    $400k-600k 5 $2,225,000 $445,000 $1,851 4.65%
    $1MM+ 1 $1,205,000 $1,205,000 $0 5.50%

    2018 saw Terre Haute Savings Bank place emphasis on $100,000 or less loans with 92 originations, totaling $4,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 28 $2,560,000 $91,429 $1,746 4.79%
    $100k-150k 24 $3,590,000 $149,583 $1,823 4.52%
    $75k-100k 24 $3,230,000 $134,583 $1,723 4.66%
    $50k or less 23 $1,375,000 $59,783 $1,667 4.93%
    $150k-250k 17 $3,745,000 $220,294 $1,708 4.45%
    $250k+ 4 $1,220,000 $305,000 $1,738 4.41%

    Terre Haute Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $100k-150k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 38 $5,060,000 $133,158 $1,749 4.66%
    <20% 28 $2,930,000 $104,643 $1,783 4.53%
    30-36% 24 $3,760,000 $156,667 $1,739 4.59%
    40% 6 $730,000 $121,667 $1,783 4.69%
    42% 5 $785,000 $157,000 $1,467 4.60%
    36% 4 $340,000 $85,000 $1,639 5.19%
    41% 4 $1,180,000 $295,000 $1,962 4.59%
    >60% 2 $300,000 $150,000 $1,532 5.25%
    39% 2 $200,000 $100,000 $1,515 4.75%
    37% 2 $140,000 $70,000 $1,645 5.56%
    43% 1 $25,000 $25,000 $1,467 5.00%
    46% 1 $25,000 $25,000 $1,598 5.00%
    49% 1 $75,000 $75,000 $1,933 5.00%
    50-60% 1 $15,000 $15,000 $0 6.00%
    38% 1 $155,000 $155,000 $1,576 4.88%

    Terre Haute Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 38 originations. The next most common DTI ratio? <20%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 143 $17,035,000 $119,126 $1,721 4.86%
    Not applicable 15 $2,145,000 $143,000 $0 5.42%
    Asian 1 $465,000 $465,000 $2,168 3.88%
    American Indian 1 $365,000 $365,000 $1,518 4.75%
    Not provided 3 $145,000 $48,333 $1,788 5.21%
    Black 1 $115,000 $115,000 $1,959 4.63%
    Japanese 1 $105,000 $105,000 $1,537 4.63%

    Approval Rates

    Total approvals of all applications
    86.05%

    Terre Haute Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.88%

    Terre Haute Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 165 $20,375,000 $123,485

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,510,000 $377,500
    Single Family (1-4 Units):Manufactured 8 $470,000 $58,750
    Single Family (1-4 Units):Site-Built 153 $18,395,000 $120,229

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $680,000 $68,000 $1,853 4.91%
    40-60% 11 $1,005,000 $91,364 $1,786 4.81%
    60-80% 74 $10,810,000 $146,081 $1,797 4.84%
    80-100% 57 $7,295,000 $127,982 $1,672 4.85%
    Under 20% 13 $585,000 $45,000 $1,079 5.61%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Terre Haute Savings Bank 1010 West National Avenue West Terre Haute, IN 47885 Full Service B&M $1,450
    Terre Haute Savings Bank 1120 E Davis Drive Terre Haute, IN 47802 Full Service B&M $4,623
    Terre Haute Savings Bank 1820 Lafayette Ave Terre Haute, IN 47804 Full Service B&M $11,564
    Terre Haute Savings Bank 2503 Poplar Street Terre Haute, IN 47803 Full Service B&M $28,526
    Terre Haute Savings Bank 260 E. National Ave Brazil, IN 47834 Full Service B&M $22,111
    Terre Haute Savings Bank 4729 South Us Highway 41 Terre Haute, IN 47802 Full Service B&M $29,404
    Terre Haute Savings Bank 533 Ohio Street Terre Haute, IN 47807 Full Service B&M $150,802
    Terre Haute Savings Bank 7345 S. State Road 46 Terre Haute, IN 47802 Full Service B&M $17,800

    For 2018, Terre Haute Savings Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,384
    Net interest income $10,464
    Total noninterest income $2,607
    Gross Fiduciary activities income $619
    Service charges on deposit accounts $696
    Trading account gains and fees $0
    Additional Noninterest Income $1,292
    Pre-tax net operating income $1,285
    Securities gains (or losses, -) $-12
    Income before extraordinary items $1,418
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,418
    Minority interest net income $0
    Net income $1,418
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,430

    Terre Haute Savings Bank's gross interest income from loans was $12,384,000.
    Terre Haute Savings Bank's net interest income from loans was $10,464,000.
    Terre Haute Savings Bank's fee based income from loans was $696,000.
    Terre Haute Savings Bank's net income from loans was $1,418,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,920
    Provision for credit losses $120
    Total noninterest expense $11,666
    Salaries and employee benefits $6,081
    Premises and equipment expense $1,596
    Additional noninterest expense $3,989
    Applicable income taxes $-145
    Net charge-offs $405
    Cash dividends $250

    Terre Haute Savings Bank's interest expense for loans was $1,920,000.
    Terre Haute Savings Bank's payroll and benefits expense were $6,081,000.
    Terre Haute Savings Bank's property, plant and equipment expenses $1,596,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    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 $277,139
    Deposits held in domestic offices $277,139
    Deposits by Individuals, partnerships, and corporations $213,111
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $64,028
    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 $95,141
    Demand deposits $42,216
    Nontransaction accounts $181,998
    Money market deposit accounts (MMDAs) $43,899
    Other savings deposits (excluding MMDAs) $59,533
    Total time deposits $78,566
    Total time and savings deposits $234,923
    Noninterest-bearing deposits $42,216
    Interest-bearing deposits $234,923
    Retail deposits $236,618
    IRAs and Keogh plan accounts $13,009
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $341,111
    Cash & Balances due from depository institutions $13,332
    Interest-bearing balances $6,854
    Total securities $79,825
    Federal funds sold & reverse repurchase $4,750
    Net loans and leases $221,653
    Loan and leases loss allowance $2,888
    Trading account assets $0
    Bank premises and fixed assets $8,519
    Other real estate owned $4
    Goodwill and other intangibles $177
    All other assets $12,851

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $341,111
    Total Liabilities $311,036
    Total deposits $277,139
    Interest-bearing deposits $234,923
    Deposits held in domestic offices $277,139
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $32,000
    Subordinated debt $0
    All other liabilities $1,897

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $221,653
    Loan and leases loss allowance $2,888
    Total loans and leases (domestic) $224,541
    All real estate loans $196,228
    Real estate loans in domestic offices $196,228
    Construction and development loans $5,599
    Residential 1-4 family construction $1,237
    Other construction, all land development and other land $4,362
    Loans secured by nonfarm nonresidential properties $62,160
    Nonfarm nonresidential secured by owner-occupied properties $8,213
    Commercial real estate & other non-farm, non-residential $53,947
    Multifamily residential real estate $3,828
    1-4 family residential loans $118,472
    Farmland loans $6,169
    Loans held in foreign offices $0
    Farm loans $736
    Commercial and industrial loans $21,239
    To non-U.S. addressees $0
    Loans to individuals $3,321
    Credit card loans $0
    Related Plans $10
    Consumer Auto Loans $2,998
    Other loans to individuals $313
    All other loans & leases $3,017
    Loans to foreign governments and official institutions $0
    Other loans $57
    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 $263
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Terre Haute Savings Bank had $221,653,000 of loans outstanding in 2018. $196,228,000 of loans were in real estate loans. $5,599,000 of loans were in development loans. $3,828,000 of loans were in multifamily mortgage loans. $118,472,000 of loans were in 1-4 family mortgage loans. $736,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,998,000 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 $35,394 $171,816
    Nonfarm, nonresidential loans - <$100k 102 $3,637 $35,657
    Nonfarm, nonresidential loans - $100-250k 49 $7,287 $148,714
    Nonfarm, nonresidential loans - $250k-1MM 55 $24,470 $444,909
    Commercial & Industrial, US addressed loans - <$1MM 220 $15,757 $71,623
    Commercial & Industrial, US addressed loans - <$100k 170 $4,477 $26,335
    Commercial & Industrial, US addressed loans - $100-250k 28 $3,803 $135,821
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $7,477 $339,864
    Farmland loans - <$1MM 22 $3,602 $163,727
    Farmland loans - <$100k 9 $586 $65,111
    Farmland loans - $100-250k 8 $1,451 $181,375
    Farmland loans - $250k-1MM 5 $1,565 $313,000
    Agriculture operations loans - <$1MM 5 $237 $47,400
    Agriculture operations loans - <$100k 4 $24 $6,000
    Agriculture operations loans - $100-250k 1 $213 $213,000