Terre Haute Savings Bank Mortgage Rates, Fees & Info

Terre Haute, IN

LEI: 549300G2EZKPVQQ0D852

Tax ID: 35-0705150

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Terre Haute Savings Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Terre Haute Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Terre Haute, Indianapolis, New York, San Francisco, and Panama City among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Terre Haute Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

415

Origination Dollar Volume (All Markets)

$64,605,000

Employee count

105

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)	385	$57,605,000	$149,623	$0	0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	14	$2,850,000	$203,571	$0	0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	1	$1,595,000	$1,595,000	$0	0.00%
Outside of Metro Areas	6	$680,000	$113,333	$0	0.00%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	1	$505,000	$505,000	$0	0.00%
PANAMA CITY, FL (FHA\|USDA\|VA)	1	$275,000	$275,000	$0	0.00%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$245,000	$245,000	$0	0.00%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	1	$195,000	$195,000	$0	0.00%
NEW BERN, NC (FHA\|USDA\|VA)	1	$195,000	$195,000	$0	0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	0.00%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	0.00%
BLOOMINGTON, IN (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	0.00%
Mountain Home, AR (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	0.00%

Terre Haute Savings Bank's top markets include Terre Haute, Indianapolis, New York, San Francisco, and Panama City among others.

Their top states include:

Indiana (FHA|USDA|VA)

New York (FHA|USDA|VA)

Florida (FHA|USDA|VA)

California (FHA|USDA|VA)

Illinois (FHA|USDA|VA)

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	415	$64,605,000	$155,675	$0	0.00%

For 2020, Terre Haute Savings Bank's most frequently originated type of loan was Conventional, with 415 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	159	$27,085,000	$170,346	$0	0.00%
Home Purchase	139	$18,785,000	$135,144	$0	0.00%
Cash Out Refi	100	$16,830,000	$168,300	$0	0.00%
Home Improvement	10	$880,000	$88,000	$0	0.00%
Other	7	$1,025,000	$146,429	$0	0.00%

For 2020, Terre Haute Savings Bank's most frequently cited loan purpose was Refi, with 159 originations. The 2nd most popular reason was Home Purchase, with 139 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	415	$64,605,000	$155,675	$0	0.00%

For 2020, Terre Haute Savings Bank's most frequently cited loan duration was Other, with 415 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	164	$23,560,000	$143,659	$0	0.00%
$100,000 or less	151	$10,005,000	$66,258	$0	0.00%
$200k-400k	87	$23,205,000	$266,724	$0	0.00%
$400k-600k	10	$4,420,000	$442,000	$0	0.00%
$1MM+	2	$2,790,000	$1,395,000	$0	0.00%
$600k-1MM	1	$625,000	$625,000	$0	0.00%

2020 saw Terre Haute Savings Bank place emphasis on $100k-200k loans with 164 originations, totaling $23,560,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	100	$16,610,000	$166,100	$0	0.00%
$50k-75k	69	$7,675,000	$111,232	$0	0.00%
$150k-250k	57	$11,935,000	$209,386	$0	0.00%
$75k-100k	56	$7,090,000	$126,607	$0	0.00%
$50k or less	36	$2,780,000	$77,222	$0	0.00%
$250k+	30	$11,210,000	$373,667	$0	0.00%

Terre Haute Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 100 originations. The second most popular income band? $50k-75k, with 69 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	415	$64,605,000	$155,675	$0	0.00%

Terre Haute Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 415 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	368	$56,290,000	$152,962	$0	0.00%
Asian	11	$4,355,000	$395,909	$0	0.00%
Not applicable	30	$3,260,000	$108,667	$0	0.00%
Not provided	4	$590,000	$147,500	$0	0.00%
American Indian	1	$85,000	$85,000	$0	0.00%
Black	1	$25,000	$25,000	$0	0.00%

Approval Rates

Total approvals of all applications
90.41%

Terre Haute Savings Bank has an average approval rate.

Pick Rate

Approvals leading to origination
93.73%

Terre Haute Savings Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	415	$64,605,000	$155,675

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	10	$2,240,000	$224,000
Single Family (1-4 Units):Manufactured	10	$670,000	$67,000
Single Family (1-4 Units):Site-Built	395	$61,695,000	$156,190

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	$6,096
Terre Haute Savings Bank	1120 E Davis Drive Terre Haute, IN 47802	Full Service B&M	$4,010
Terre Haute Savings Bank	1820 Lafayette Ave Terre Haute, IN 47804	Full Service B&M	$15,931
Terre Haute Savings Bank	2503 Poplar Street Terre Haute, IN 47803	Full Service B&M	$36,420
Terre Haute Savings Bank	260 E. National Ave Brazil, IN 47834	Full Service B&M	$24,922
Terre Haute Savings Bank	4729 South Us Highway 41 Terre Haute, IN 47802	Full Service B&M	$38,766
Terre Haute Savings Bank	533 Ohio Street Terre Haute, IN 47807	Full Service B&M	$173,920
Terre Haute Savings Bank	7345 S. State Road 46 Terre Haute, IN 47802	Full Service B&M	$19,691

For 2020, Terre Haute Savings Bank had 8 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$12,708
Net interest income	$10,100
Total noninterest income	$4,075
Gross Fiduciary activities income	$842
Service charges on deposit accounts	$625
Trading account gains and fees	$0
Additional Noninterest Income	$2,608
Pre-tax net operating income	$1,658
Securities gains (or losses, -)	$-1
Income before extraordinary items	$1,587
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$1,587
Minority interest net income	$0
Net income	$1,587
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$1,587

Terre Haute Savings Bank's gross interest income from loans was $12,708,000.
Terre Haute Savings Bank's net interest income from loans was $10,100,000.
Terre Haute Savings Bank's fee based income from loans was $625,000.
Terre Haute Savings Bank's net income from loans was $1,587,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,608
Provision for credit losses	$420
Total noninterest expense	$12,097
Salaries and employee benefits	$6,566
Premises and equipment expense	$1,542
Additional noninterest expense	$3,989
Applicable income taxes	$70
Net charge-offs	$44
Cash dividends	$0

Terre Haute Savings Bank's interest expense for loans was $2,608,000.
Terre Haute Savings Bank's payroll and benefits expense were $6,566,000.
Terre Haute Savings Bank's property, plant and equipment expenses $1,542,000.

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	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	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	$371,376
Deposits held in domestic offices	$371,376
Deposits by Individuals, partnerships, and corporations	$298,534
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$72,842
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	$156,746
Demand deposits	$58,133
Nontransaction accounts	$214,630
Money market deposit accounts (MMDAs)	$51,857
Other savings deposits (excluding MMDAs)	$77,764
Total time deposits	$85,009
Total time and savings deposits	$313,243
Noninterest-bearing deposits	$58,133
Interest-bearing deposits	$313,243
Retail deposits	$334,348
IRAs and Keogh plan accounts	$13,081
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$457,669
Cash & Balances due from depository institutions	$110,537
Interest-bearing balances	$87,135
Total securities	$93,058
Federal funds sold & reverse repurchase	$7,700
Net loans and leases	$225,118
Loan and leases loss allowance	$3,264
Trading account assets	$0
Bank premises and fixed assets	$8,098
Other real estate owned	$0
Goodwill and other intangibles	$235
All other assets	$12,923

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$457,669
Total Liabilities	$420,653
Total deposits	$371,376
Interest-bearing deposits	$313,243
Deposits held in domestic offices	$371,376
% insured (estimated)	$63
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$47,033
Subordinated debt	$0
All other liabilities	$2,244

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$225,118
Loan and leases loss allowance	$3,264
Total loans and leases (domestic)	$228,382
All real estate loans	$189,984
Real estate loans in domestic offices	$189,984
Construction and development loans	$6,094
Residential 1-4 family construction	$1,382
Other construction, all land development and other land	$4,712
Loans secured by nonfarm nonresidential properties	$70,046
Nonfarm nonresidential secured by owner-occupied properties	$10,180
Commercial real estate & other non-farm, non-residential	$59,866
Multifamily residential real estate	$9,302
1-4 family residential loans	$98,460
Farmland loans	$6,082
Loans held in foreign offices	$0
Farm loans	$759
Commercial and industrial loans	$29,639
To non-U.S. addressees	$0
Loans to individuals	$5,145
Credit card loans	$0
Related Plans	$8
Consumer Auto Loans	$4,818
Other loans to individuals	$319
All other loans & leases	$2,855
Loans to foreign governments and official institutions	$0
Other loans	$34
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	$324
Non 1-4 family restructured loans & leases	$69
Total loans and leases (foreign)	$0

Terre Haute Savings Bank had $225,118,000 of loans outstanding in 2020. $189,984,000 of loans were in real estate loans. $6,094,000 of loans were in development loans. $9,302,000 of loans were in multifamily mortgage loans. $98,460,000 of loans were in 1-4 family mortgage loans. $759,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,818,000 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	233	$37,659	$161,627
Nonfarm, nonresidential loans - <$100k	115	$4,654	$40,470
Nonfarm, nonresidential loans - $100-250k	43	$7,827	$182,023
Nonfarm, nonresidential loans - $250k-1MM	75	$25,178	$335,707
Commercial & Industrial, US addressed loans - <$1MM	402	$16,274	$40,483
Commercial & Industrial, US addressed loans - <$100k	337	$5,203	$15,439
Commercial & Industrial, US addressed loans - $100-250k	45	$4,222	$93,822
Commercial & Industrial, US addressed loans - $250k-1MM	20	$6,849	$342,450
Farmland loans - <$1MM	26	$3,280	$126,154
Farmland loans - <$100k	13	$690	$53,077
Farmland loans - $100-250k	11	$2,057	$187,000
Farmland loans - $250k-1MM	2	$533	$266,500
Agriculture operations loans - <$1MM	6	$243	$40,500
Agriculture operations loans - <$100k	5	$131	$26,200
Agriculture operations loans - $100-250k	1	$112	$112,000