Holcomb Bank Mortgage Rates, Fees & Info
Rochelle, ILLEI: 549300JRDBJ5RPA6TY76
Tax ID: 36-1226570
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Holcomb Bank is a smaller bank specializing in Home Purchase loans. Holcomb Bank has a high proportion of conventional loans. Holcomb Bank has a low ratio of conventional loans. Their top markets by origination volume include: Rochelle, Rockford, Chicago, Dixon, and Sterling among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Holcomb Bank 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.
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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
193Origination Dollar Volume (All Markets)
$23,035,000Employee count
59Top 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 |
|---|---|---|---|---|---|
| Rochelle, IL (FHA|USDA|VA) | 108 | $12,680,000 | $117,407 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 54 | $6,240,000 | $115,556 | $0 | 5.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 11 | $1,685,000 | $153,182 | $0 | 0.00% |
| Dixon, IL (FHA|USDA|VA) | 9 | $875,000 | $97,222 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 0.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Freeport, IL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 192 | $22,980,000 | $119,688 | $0 | 0.00% |
| Conventional | 1 | $55,000 | $55,000 | $0 | 5.25% |
For 2018, Holcomb Bank's most frequently originated type of loan was Conventional, with 192 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
For 2018, Holcomb Bank's most frequently cited loan purpose was Home Purchase, with 129 originations. The 2nd most popular reason was Refi, with 36 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 192 | $22,980,000 | $119,688 | $0 | 0.00% |
| 5 Year | 1 | $55,000 | $55,000 | $0 | 5.25% |
For 2018, Holcomb Bank's most frequently cited loan duration was Other, with 192 originations. The 2nd most popular length was 5 Year, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1 | $55,000 | $55,000 |
During 2018, Holcomb Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 1 originations.
Loan Sizing
2018 saw Holcomb Bank place emphasis on $100,000 or less loans with 96 originations, totaling $5,890,000 in origination value.
Applicant Income
Holcomb Bank lent most frequently to those with incomes in the $50k or less range, with 44 originations. The second most popular income band? $50k-75k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 192 | $22,980,000 | $119,688 | $0 | 0.00% |
Holcomb Bank lent most frequently to those with DTI ratios of Exempt%, with 192 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.04%
Holcomb Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.05%
Holcomb Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 192 | $22,980,000 | $119,688 |
| NA | 1 | $55,000 | $55,000 |
Occupancy Type Mix
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Over 100% | 1 | $55,000 | $55,000 | $0 | 5.25% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Holcomb Bank | 108 W Main Street Holcomb, IL 61043 | Full Service B&M | $40,591 |
| Holcomb Bank | 233 East Route 38 Rochelle, IL 61068 | Full Service B&M | $59,171 |
| Holcomb Bank | 400 East Route 38 Creston, IL 60113 | Full Service B&M | $15,242 |
| Holcomb Bank | 504 W. Blackhawk Drive Byron, IL 61010 | Full Service B&M | $3,320 |
| Holcomb Bank | 6771 Eleventh Street New Milford, IL 61109 | Full Service B&M | $33,402 |
For 2018, Holcomb Bank had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $7,595 |
| Net interest income | $6,525 |
| Total noninterest income | $1,255 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $190 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,065 |
| Pre-tax net operating income | $1,095 |
| Securities gains (or losses, -) | $12 |
| Income before extraordinary items | $1,083 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,083 |
| Minority interest net income | $0 |
| Net income | $1,083 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,071 |
Holcomb Bank's gross interest income from loans was $7,595,000.
Holcomb Bank's net interest income from loans was $6,525,000.
Holcomb Bank's fee based income from loans was $190,000.
Holcomb Bank's net income from loans was $1,083,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,070 |
| Provision for credit losses | $573 |
| Total noninterest expense | $6,112 |
| Salaries and employee benefits | $3,607 |
| Premises and equipment expense | $1,263 |
| Additional noninterest expense | $1,242 |
| Applicable income taxes | $24 |
| Net charge-offs | $445 |
| Cash dividends | $219 |
Holcomb Bank's interest expense for loans was $1,070,000.
Holcomb Bank's payroll and benefits expense were $3,607,000.
Holcomb Bank's property, plant and equipment expenses $1,263,000.
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 | $166,326 |
| Deposits held in domestic offices | $166,326 |
| Deposits by Individuals, partnerships, and corporations | $146,883 |
| Deposits by U.S. Government | $4 |
| Deposits by States and political subdivisions in the U.S. | $19,439 |
| 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 | $57,688 |
| Demand deposits | $38,088 |
| Nontransaction accounts | $108,638 |
| Money market deposit accounts (MMDAs) | $14,670 |
| Other savings deposits (excluding MMDAs) | $33,325 |
| Total time deposits | $60,643 |
| Total time and savings deposits | $128,238 |
| Noninterest-bearing deposits | $36,816 |
| Interest-bearing deposits | $129,510 |
| Retail deposits | $156,741 |
| IRAs and Keogh plan accounts | $8,254 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $185,535 |
| Cash & Balances due from depository institutions | $10,217 |
| Interest-bearing balances | $3,968 |
| Total securities | $25,821 |
| Federal funds sold & reverse repurchase | $7,034 |
| Net loans and leases | $134,577 |
| Loan and leases loss allowance | $1,166 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,773 |
| Other real estate owned | $147 |
| Goodwill and other intangibles | $502 |
| All other assets | $1,464 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $185,535 |
| Total Liabilities | $167,336 |
| Total deposits | $166,326 |
| Interest-bearing deposits | $129,510 |
| Deposits held in domestic offices | $166,326 |
| % insured (estimated) | $87 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $1,010 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $134,577 |
| Loan and leases loss allowance | $1,166 |
| Total loans and leases (domestic) | $135,743 |
| All real estate loans | $92,457 |
| Real estate loans in domestic offices | $92,457 |
| Construction and development loans | $4,323 |
| Residential 1-4 family construction | $1,437 |
| Other construction, all land development and other land | $2,886 |
| Loans secured by nonfarm nonresidential properties | $45,154 |
| Nonfarm nonresidential secured by owner-occupied properties | $14,905 |
| Commercial real estate & other non-farm, non-residential | $30,249 |
| Multifamily residential real estate | $1,215 |
| 1-4 family residential loans | $32,368 |
| Farmland loans | $9,397 |
| Loans held in foreign offices | $0 |
| Farm loans | $9,957 |
| Commercial and industrial loans | $26,469 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,896 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,795 |
| Other loans to individuals | $2,101 |
| All other loans & leases | $2,964 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $14 |
| 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 | $1,224 |
| Non 1-4 family restructured loans & leases | $1,065 |
| Total loans and leases (foreign) | $0 |
Holcomb Bank had $134,577,000 of loans outstanding in 2018. $92,457,000 of loans were in real estate loans. $4,323,000 of loans were in development loans. $1,215,000 of loans were in multifamily mortgage loans. $32,368,000 of loans were in 1-4 family mortgage loans. $9,957,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,795,000 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 | 106 | $20,679 | $195,085 |
| Nonfarm, nonresidential loans - <$100k | 30 | $1,674 | $55,800 |
| Nonfarm, nonresidential loans - $100-250k | 40 | $5,703 | $142,575 |
| Nonfarm, nonresidential loans - $250k-1MM | 36 | $13,302 | $369,500 |
| Commercial & Industrial, US addressed loans - <$1MM | 201 | $15,426 | $76,746 |
| Commercial & Industrial, US addressed loans - <$100k | 146 | $4,449 | $30,473 |
| Commercial & Industrial, US addressed loans - $100-250k | 33 | $3,416 | $103,515 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 22 | $7,561 | $343,682 |
| Farmland loans - <$1MM | 41 | $4,741 | $115,634 |
| Farmland loans - <$100k | 12 | $530 | $44,167 |
| Farmland loans - $100-250k | 20 | $2,405 | $120,250 |
| Farmland loans - $250k-1MM | 9 | $1,806 | $200,667 |
| Agriculture operations loans - <$1MM | 59 | $5,322 | $90,203 |
| Agriculture operations loans - <$100k | 28 | $476 | $17,000 |
| Agriculture operations loans - $100-250k | 13 | $1,130 | $86,923 |
| Agriculture operations loans - $250k-1MM | 18 | $3,716 | $206,444 |