Home Bank Mortgage Rates, Fees & Info

Lafayette, LA

LEI: 549300II7Y8V2KY9TM28

Tax ID: 72-0214660

5 stars - out of 5 stars, based on 27 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Home Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Home Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include New Orleans, Lafayette, Baton Rouge, Pensacola, and Opelousas among others. Home Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Home Bank is typically an average fee lendor.


Originations

727

Origination Dollar Volume (All Markets)

$184,965,000

Employee count

442

Awards

Home Bank 30 Year Conventional Loans bronze Home Bank 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

Home Bank's average 30 year fixed rate mortgage of loans were 3.27%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.12%.

Relative Fees

Home Bank's average total fees for a 30 year fixed rate mortgage are $3,696.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 278 $88,360,000 $317,842 $3,891 3.78%
LAFAYETTE, LA (FHA|USDA|VA) 280 $57,530,000 $205,464 $3,460 3.76%
BATON ROUGE, LA (FHA|USDA|VA) 68 $17,260,000 $253,824 $4,243 3.96%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $2,715,000 $905,000 $5,390 3.92%
Opelousas, LA (FHA|USDA|VA) 12 $2,650,000 $220,833 $3,103 3.78%
Outside of Metro Areas 12 $2,350,000 $195,833 $4,893 3.71%
HAMMOND, LA (FHA|USDA|VA) 9 $2,305,000 $256,111 $3,892 3.83%
Natchez, MS-LA (FHA|USDA|VA) 20 $1,790,000 $89,500 $3,671 4.29%
Jennings, LA (FHA|USDA|VA) 15 $1,295,000 $86,333 $3,270 4.10%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $1,185,000 $1,185,000 $0 4.60%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $8,409 3.50%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $940,000 $470,000 $5,014 3.44%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $790,000 $395,000 $0 3.98%
Vicksburg, MS (FHA|USDA|VA) 8 $570,000 $71,250 $3,252 3.39%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $545,000 $545,000 $3,030 2.88%
Heber, UT (FHA|USDA|VA) 2 $540,000 $270,000 $0 4.05%
LAKE CHARLES, LA (FHA|USDA|VA) 5 $515,000 $103,000 $3,020 6.40%
McComb, MS (FHA|USDA|VA) 1 $465,000 $465,000 $4,277 3.00%
Breckenridge, CO (FHA|USDA|VA) 1 $445,000 $445,000 $0 3.13%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $355,000 $355,000 $0 4.15%
Picayune, MS (FHA|USDA|VA) 1 $345,000 $345,000 $0 4.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $305,000 $305,000 $4,498 4.38%
MADISON, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,961 3.50%
HATTIESBURG, MS (FHA|USDA|VA) 1 $215,000 $215,000 $354 6.50%
Natchitoches, LA (FHA|USDA|VA) 1 $165,000 $165,000 $2,964 2.88%

Home Bank's top markets include New Orleans, Lafayette, Baton Rouge, Pensacola, and Opelousas among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 718 $183,680,000 $255,822 $3,700 3.84%
USDA 9 $1,285,000 $142,778 $4,691 2.88%

For the 2021 period, Home Bank's most frequently originated loan type of loans were Conventional, with 718 originations. Their 2nd most popular type is USDA, with 9 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 315 $86,565,000 $274,810 $4,205 3.91%
Refi 270 $54,280,000 $201,037 $3,148 3.93%
Cash Out Refi 131 $41,105,000 $313,779 $3,606 3.40%
Other 7 $2,835,000 $405,000 $2,964 3.27%
Home Improvement 4 $180,000 $45,000 $1,514 4.84%

For the 2021, Home Bank's most frequently cited loan purpose of loans were Home Purchase, with 315 originations. The 2nd most popular reason of loans were Refi, with 270 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 283 $82,625,000 $291,961 $3,696 3.27%
5 Year 131 $25,555,000 $195,076 $332 4.64%
15 Year 98 $19,550,000 $199,490 $2,846 2.98%
30+ year 71 $28,725,000 $404,577 $6,366 4.34%
10 Year 69 $8,225,000 $119,203 $2,346 4.31%
Other 40 $11,390,000 $284,750 $1,832 5.18%
20 Year 26 $5,040,000 $193,846 $3,377 3.74%
1 Year 6 $3,020,000 $503,333 $0 4.65%
3 Year 3 $835,000 $278,333 $0 5.58%

For the 2021, Home Bank's most frequently cited loan length of loans were 30 Year, with 283 originations. The 2nd most popular length of loans were 5 Year, with 131 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 363 $92,255,000 $254,146
$1k-2k 62 $24,100,000 $388,710
$2k-3k 10 $3,440,000 $344,000
$3k-4k 5 $2,205,000 $441,000
$5k+ 4 $1,710,000 $427,500

$3,696 of loans were Home Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 363 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
4-5% 250 $61,280,000 $245,120
3-4% 179 $61,045,000 $341,034
2.5-3% 158 $39,580,000 $250,506
<2.5% 82 $16,780,000 $204,634
5-6% 35 $4,975,000 $142,143
6-7% 14 $1,110,000 $79,286
Over 8% 5 $115,000 $23,000
7-8% 4 $80,000 $20,000

During 2021, Home Bank's average interest rate of loans were 3.27%, while their most frequently originated rate bucket of loans were 4-5%, with 250 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 208 $31,370,000 $150,817 $3,234 3.56%
$200k-400k 205 $58,985,000 $287,732 $3,989 3.44%
$100,000 or less 182 $10,430,000 $57,308 $1,971 4.62%
$400k-600k 86 $41,080,000 $477,674 $4,805 3.57%
$600k-1MM 32 $24,540,000 $766,875 $5,770 4.01%
$1MM+ 14 $18,560,000 $1,325,714 $7,201 4.07%

2021 saw Home Bank place emphasis on $100k-200k loans with 208 originations, totaling $31,370,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 119 $31,865,000 $267,773 $3,946 3.49%
$150k-250k 90 $33,190,000 $368,778 $4,450 3.72%
$50k or less 89 $8,475,000 $95,225 $2,737 3.92%
$50k-75k 88 $14,280,000 $162,273 $3,608 3.59%
$250k+ 86 $39,330,000 $457,326 $4,084 3.54%
$75k-100k 65 $12,395,000 $190,692 $3,435 3.45%

Home Bank lent most frequently to those with incomes in the $100k-150k range, with 119 originations. The second most popular income band? $150k-250k, with 90 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 130 $30,710,000 $236,231 $3,422 3.56%
30-36% 124 $37,070,000 $298,952 $3,905 3.53%
<20% 59 $15,845,000 $268,559 $3,277 3.04%
37% 25 $5,655,000 $226,200 $3,321 3.38%
40% 23 $6,215,000 $270,217 $4,118 3.76%
38% 23 $6,885,000 $299,348 $4,382 3.44%
39% 21 $7,745,000 $368,810 $4,218 3.40%
41% 17 $5,555,000 $326,765 $4,147 3.49%
42% 15 $5,015,000 $334,333 $4,257 3.72%
36% 13 $3,225,000 $248,077 $3,464 3.03%
44% 11 $2,685,000 $244,091 $4,386 3.41%
45% 11 $2,505,000 $227,727 $4,106 3.89%
43% 9 $1,825,000 $202,778 $3,428 3.50%
47% 6 $1,370,000 $228,333 $3,816 3.19%
49% 5 $1,125,000 $225,000 $2,411 4.13%
48% 5 $1,275,000 $255,000 $3,507 3.33%
>60% 4 $1,560,000 $390,000 $3,830 4.03%
46% 4 $1,500,000 $375,000 $7,060 3.81%

Home Bank lent most frequently to those with DTI ratios of 20-30%, with 130 originations. The next most common DTI ratio? 30-36%, with 124 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 458 $126,090,000 $275,306 $3,756 3.56%
Not applicable 170 $41,320,000 $243,059 $0 4.52%
Black 78 $12,720,000 $163,077 $3,365 4.00%
Asian 9 $1,985,000 $220,556 $3,216 3.03%
Not provided 8 $1,850,000 $231,250 $5,184 3.66%
American Indian 1 $405,000 $405,000 $3,733 3.50%
Other Asian 2 $320,000 $160,000 $3,492 3.44%
Vietnamese 1 $275,000 $275,000 $3,139 2.75%

Approval Rates

Total approvals of all applications
93.51%

Home Bank has an average approval rate.

Pick Rate

Approvals leading to origination
77.95%

Home Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
250.0 6 $100,000 $16,667
NA 721 $184,865,000 $256,401

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
727 $184,965,000 $254,422

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 76 $11,200,000 $147,368 $2,609 3.96%
40-60% 146 $33,160,000 $227,123 $3,628 3.75%
60-80% 301 $91,395,000 $303,638 $4,074 3.82%
80-100% 164 $45,950,000 $280,183 $4,084 3.63%
Under 20% 40 $3,260,000 $81,500 $971 4.68%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
HOME BANCSHARES, INC. Conventional home mortgage Trouble during payment process 1 50.0%
HOME BANCSHARES, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 1 50.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Home Bank, National Association 1020 Coolidge Lafayette, LA 70501 Full Service B&M $35,700
Home Bank, National Association 100 Albertson Parkway Broussard, LA 70518 Full Service B&M $44,112
Home Bank, National Association 1001 Johnston Street Lafayette, LA 70501 Full Service B&M $62,158
Home Bank, National Association 102 South Adams Street Welsh, LA 70591 Full Service B&M $35,734
Home Bank, National Association 2037 Gause Blvd East Slidell, LA 70461 Full Service B&M $22,377
Home Bank, National Association 2150 South Frontage Road Vicksburg, MS 39180 Full Service B&M $15,759
Home Bank, National Association 2810 Johnston Street Lafayette, LA 70503 Full Service B&M $35,734
Home Bank, National Association 301 S Main St Saint Martinville, LA 70582 Full Service B&M $158,747
Home Bank, National Association 3524 Sherwood Forest Blvd Baton Rouge, LA 70816 Full Service B&M $16,288
Home Bank, National Association 357 Odd Fellows Road Crowley, LA 70527 Full Service B&M $90,472
Home Bank, National Association 3915 Canal Street New Orleans, LA 70114 Full Service B&M $23,367
Home Bank, National Association 4202 Johnston Street Lafayette, LA 70503 Full Service B&M $53,947
Home Bank, National Association 4401 Transcontinental Drive Metairie, LA 70002 Full Service B&M $61,630
Home Bank, National Association 4421 Catahoula Highway St. Martinville, LA 70582 Limited, Drive-thru $0
Home Bank, National Association 500 Main Street Natchez, MS 39120 Full Service B&M $112,177
Home Bank, National Association 5028 Ambassador Caffery Parkway Lafayette, LA 70508 Full Service B&M $67,674
Home Bank, National Association 503 Kaliste Saloom Lafayette, LA 70508 Full Service B&M $514,079
Home Bank, National Association 5302 Corporate Boulevard Baton Rouge, LA 70808 Full Service B&M $41,510
Home Bank, National Association 5435 Magazine Street New Orleans, LA 70115 Full Service B&M $36,519
Home Bank, National Association 5543 Cameron Street Scott, LA 70583 Limited, Drive-thru $0
Home Bank, National Association 69291 Highway 21 Covington, LA 70433 Full Service B&M $36,120
Home Bank, National Association 70591 Highway 59 Abita Springs, LA 70420 Full Service B&M $22,398
Home Bank, National Association 806 Bernard Road Carencro, LA 70520 Full Service B&M $74,353
Home Bank, National Association 82255 Hwy. 25 Folsom, LA 70437 Full Service B&M $52,639
Home Bank, National Association 9659 Antioch Road, Suite 101 Baton Rouge, LA 70817 Full Service B&M $15,432
Home Bank, National Association Broadway And Highway 190 East Elton, LA 70532 Full Service B&M $21,477
Home Bank, National Association Highway 61 North Natchez, MS 39120 Full Service B&M $24,605
Home Bank, National Association Highway 61 South Natchez, MS 39120 Full Service B&M $47,685
Home Bank, National Association Interstate 10, 800 I-10 South Frontage Road Scott, LA 70583 Full Service B&M $78,969
Home Bank, National Association 1021 Bridge Street Parks, LA 70582 Limited, Drive-thru $0
Home Bank, National Association 10563 South Glenstone Place Baton Rouge, LA 70810 Full Service B&M $20,024
Home Bank, National Association 1105 S Clearview Pkwy Jefferson, LA 70121 Full Service B&M $41,251
Home Bank, National Association 114 N Main St Church Point, LA 70525 Full Service B&M $61,132
Home Bank, National Association 1219 Albertson Parkway Broussard, LA 70518 Full Service B&M $42,974
Home Bank, National Association 1245 Camellia Boulevard Lafayette, LA 70508 Full Service B&M $51,174
Home Bank, National Association 128 East Academy Avenue Jennings, LA 70546 Full Service B&M $76,549
Home Bank, National Association 1305 North Causeway Boulevard Mandeville, LA 70471 Full Service B&M $71,971
Home Bank, National Association 1600 Veterans Memorial Boulevard Metairie, LA 70005 Full Service B&M $157,576
Home Bank, National Association 1750 North Columbia Street Covington, LA 70433 Full Service B&M $23,516
Home Bank, National Association 1800 Manhattan Blvd Harvey, LA 70058 Full Service B&M $26,650

For 2021, Home Bank had 40 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $106,902
Net interest income $100,989
Total noninterest income $16,239
Gross Fiduciary activities income $0
Service charges on deposit accounts $3,798
Trading account gains and fees $0
Additional Noninterest Income $12,441
Pre-tax net operating income $60,623
Securities gains (or losses, -) $0
Income before extraordinary items $48,766
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $48,766
Minority interest net income $0
Net income $48,766
Sale, conversion, retirement of capital stock, net $769
Net operating income $48,766

Home Bank's gross interest income from loans was $106,902,000.
Home Bank's net interest income from loans was $100,989,000.
Home Bank's fee based income from loans was $3,798,000.
Home Bank's net income from loans was $48,766,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $5,913
Provision for credit losses $-10,161
Total noninterest expense $66,766
Salaries and employee benefits $38,492
Premises and equipment expense $9,811
Additional noninterest expense $18,463
Applicable income taxes $11,857
Net charge-offs $1,713
Cash dividends $15,000

Home Bank's interest expense for loans was $5,913,000.
Home Bank's payroll and benefits expense were $38,492,000.
Home Bank's property, plant and equipment expenses $9,811,000.

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 1.0%
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 0.1%
Other individual loans 0.0%
Auto loans 2.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $2,539,926
Deposits held in domestic offices $2,539,926
Deposits by Individuals, partnerships, and corporations $2,256,115
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $280,829
Deposits by Commercial banks and other depository institutions in U.S. $2,982
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,563,381
Demand deposits $770,462
Nontransaction accounts $976,545
Money market deposit accounts (MMDAs) $371,478
Other savings deposits (excluding MMDAs) $285,728
Total time deposits $319,340
Total time and savings deposits $1,769,464
Noninterest-bearing deposits $770,462
Interest-bearing deposits $1,769,464
Retail deposits $2,438,197
IRAs and Keogh plan accounts $44,602
Brokered deposits $41,007
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,932,077
Cash & Balances due from depository institutions $602,206
Interest-bearing balances $581,779
Total securities $329,734
Federal funds sold & reverse repurchase $0
Net loans and leases $1,820,108
Loan and leases loss allowance $21,089
Trading account assets $0
Bank premises and fixed assets $43,542
Other real estate owned $1,189
Goodwill and other intangibles $61,949
All other assets $73,349

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,932,077
Total Liabilities $2,588,596
Total deposits $2,539,926
Interest-bearing deposits $1,769,464
Deposits held in domestic offices $2,539,926
% insured (estimated) $68
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $31,585
Subordinated debt $0
All other liabilities $17,085

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,820,108
Loan and leases loss allowance $21,089
Total loans and leases (domestic) $1,841,197
All real estate loans $1,567,095
Real estate loans in domestic offices $1,567,095
Construction and development loans $254,116
Residential 1-4 family construction $77,966
Other construction, all land development and other land $176,150
Loans secured by nonfarm nonresidential properties $803,100
Nonfarm nonresidential secured by owner-occupied properties $421,199
Commercial real estate & other non-farm, non-residential $381,901
Multifamily residential real estate $90,645
1-4 family residential loans $412,508
Farmland loans $6,726
Loans held in foreign offices $0
Farm loans $9,951
Commercial and industrial loans $229,639
To non-U.S. addressees $0
Loans to individuals $33,154
Credit card loans $4,138
Related Plans $2,586
Consumer Auto Loans $823
Other loans to individuals $25,607
All other loans & leases $6,282
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 $4,943
Non 1-4 family restructured loans & leases $3,587
Total loans and leases (foreign) $0

Home Bank had $1,820,108,000 of loans outstanding in 2021. $1,567,095,000 of loans were in real estate loans. $254,116,000 of loans were in development loans. $90,645,000 of loans were in multifamily mortgage loans. $412,508,000 of loans were in 1-4 family mortgage loans. $9,951,000 of loans were in farm loans. $4,138,000 of loans were in credit card loans. $823,000 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 999 $252,902 $253,155
Nonfarm, nonresidential loans - <$100k 176 $13,042 $74,102
Nonfarm, nonresidential loans - $100-250k 322 $41,867 $130,022
Nonfarm, nonresidential loans - $250k-1MM 501 $197,993 $395,196
Commercial & Industrial, US addressed loans - <$1MM 1,766 $134,881 $76,377
Commercial & Industrial, US addressed loans - <$100k 1,336 $33,021 $24,716
Commercial & Industrial, US addressed loans - $100-250k 246 $31,837 $129,419
Commercial & Industrial, US addressed loans - $250k-1MM 184 $70,023 $380,560
Farmland loans - <$1MM 23 $2,369 $103,000
Farmland loans - <$100k 9 $377 $41,889
Farmland loans - $100-250k 10 $1,005 $100,500
Farmland loans - $250k-1MM 4 $987 $246,750
Agriculture operations loans - <$1MM 53 $5,330 $100,566
Agriculture operations loans - <$100k 28 $880 $31,429
Agriculture operations loans - $100-250k 8 $1,004 $125,500
Agriculture operations loans - $250k-1MM 17 $3,446 $202,706