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 Refi and 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, Chicago, Rockford, Michigan City, and Dixon among others. We have data for 18 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. Holcomb 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.
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
465Origination Dollar Volume (All Markets)
$83,695,000Employee count
53Top 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) | 245 | $35,955,000 | $146,755 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 80 | $16,420,000 | $205,250 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 99 | $15,785,000 | $159,444 | $1,826 | 2.75% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $7,515,000 | $7,515,000 | $0 | 0.00% |
| Dixon, IL (FHA|USDA|VA) | 18 | $2,480,000 | $137,778 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $1,570,000 | $392,500 | $0 | 0.00% |
| Freeport, IL (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 464 | $83,540,000 | $180,043 | $0 | 0.00% |
| Conventional | 1 | $155,000 | $155,000 | $1,826 | 2.75% |
For 2020, Holcomb Bank's most frequently originated type of loan was Conventional, with 464 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
For 2020, Holcomb Bank's most frequently cited loan purpose was Refi, with 231 originations. The 2nd most popular reason was Home Purchase, with 159 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 464 | $83,540,000 | $180,043 | $0 | 0.00% |
| 30 Year | 1 | $155,000 | $155,000 | $1,826 | 2.75% |
For 2020, Holcomb Bank's most frequently cited loan duration was Other, with 464 originations. The 2nd most popular length was 30 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $155,000 | $155,000 |
Holcomb Bank's average total fees were $1,826, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1 | $155,000 | $155,000 |
During 2020, Holcomb Bank's average interest rate for loans was 2.75%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1 originations.
Loan Sizing
2020 saw Holcomb Bank place emphasis on $100k-200k loans with 224 originations, totaling $33,210,000 in origination value.
Applicant Income
Holcomb Bank lent most frequently to those with incomes in the $100k-150k range, with 120 originations. The second most popular income band? $50k-75k, with 101 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 464 | $83,540,000 | $180,043 | $0 | 0.00% |
| 30-36% | 1 | $155,000 | $155,000 | $1,826 | 2.75% |
Holcomb Bank lent most frequently to those with DTI ratios of Exempt%, with 464 originations. The next most common DTI ratio? 30-36%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.07%
Holcomb Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.82%
Holcomb Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 464 | $83,540,000 | $180,043 |
| NA | 1 | $155,000 | $155,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 9 | $14,925,000 | $1,658,333 |
| Single Family (1-4 Units):Site-Built | 456 | $68,770,000 | $150,811 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 80-100% | 1 | $155,000 | $155,000 | $1,826 | 2.75% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Holcomb Bank | 233 E. Il Route 38 Rochelle, IL 61068 | Full Service B&M | $112,333 |
| Holcomb Bank | 400 East Route 38 Creston, IL 60113 | Full Service B&M | $18,121 |
| Holcomb Bank | 504 W. Blackhawk Drive Byron, IL 61010 | Full Service B&M | $14,019 |
| Holcomb Bank | 7035 11th Street Rockford, IL 61109 | Full Service B&M | $40,938 |
For 2020, Holcomb Bank had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $8,802 |
| Net interest income | $7,625 |
| Total noninterest income | $2,395 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $145 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,250 |
| Pre-tax net operating income | $2,089 |
| Securities gains (or losses, -) | $-5 |
| Income before extraordinary items | $2,060 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,060 |
| Minority interest net income | $0 |
| Net income | $2,060 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,064 |
Holcomb Bank's gross interest income from loans was $8,802,000.
Holcomb Bank's net interest income from loans was $7,625,000.
Holcomb Bank's fee based income from loans was $145,000.
Holcomb Bank's net income from loans was $2,060,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,177 |
| Provision for credit losses | $1,708 |
| Total noninterest expense | $6,223 |
| Salaries and employee benefits | $3,807 |
| Premises and equipment expense | $727 |
| Additional noninterest expense | $1,689 |
| Applicable income taxes | $24 |
| Net charge-offs | $1,454 |
| Cash dividends | $1,247 |
Holcomb Bank's interest expense for loans was $1,177,000.
Holcomb Bank's payroll and benefits expense were $3,807,000.
Holcomb Bank's property, plant and equipment expenses $727,000.
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 | 1.0% |
| 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 | $194,707 |
| Deposits held in domestic offices | $194,707 |
| Deposits by Individuals, partnerships, and corporations | $177,649 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $17,058 |
| 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 | $75,035 |
| Demand deposits | $47,975 |
| Nontransaction accounts | $119,672 |
| Money market deposit accounts (MMDAs) | $20,381 |
| Other savings deposits (excluding MMDAs) | $40,831 |
| Total time deposits | $58,461 |
| Total time and savings deposits | $146,732 |
| Noninterest-bearing deposits | $46,287 |
| Interest-bearing deposits | $148,421 |
| Retail deposits | $178,338 |
| IRAs and Keogh plan accounts | $8,380 |
| Brokered deposits | $5,917 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $241,597 |
| Cash & Balances due from depository institutions | $14,150 |
| Interest-bearing balances | $7,827 |
| Total securities | $60,613 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $158,058 |
| Loan and leases loss allowance | $1,704 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,150 |
| Other real estate owned | $228 |
| Goodwill and other intangibles | $703 |
| All other assets | $2,695 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $241,597 |
| Total Liabilities | $215,531 |
| Total deposits | $194,707 |
| Interest-bearing deposits | $148,421 |
| Deposits held in domestic offices | $194,707 |
| % insured (estimated) | $86 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $20,000 |
| Subordinated debt | $0 |
| All other liabilities | $824 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $158,058 |
| Loan and leases loss allowance | $1,704 |
| Total loans and leases (domestic) | $159,762 |
| All real estate loans | $108,412 |
| Real estate loans in domestic offices | $108,412 |
| Construction and development loans | $3,588 |
| Residential 1-4 family construction | $1,479 |
| Other construction, all land development and other land | $2,109 |
| Loans secured by nonfarm nonresidential properties | $52,486 |
| Nonfarm nonresidential secured by owner-occupied properties | $14,550 |
| Commercial real estate & other non-farm, non-residential | $37,936 |
| Multifamily residential real estate | $8,837 |
| 1-4 family residential loans | $38,521 |
| Farmland loans | $4,980 |
| Loans held in foreign offices | $0 |
| Farm loans | $8,957 |
| Commercial and industrial loans | $36,507 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,592 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,964 |
| Other loans to individuals | $1,628 |
| All other loans & leases | $2,294 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $5 |
| 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 | $937 |
| Non 1-4 family restructured loans & leases | $783 |
| Total loans and leases (foreign) | $0 |
Holcomb Bank had $158,058,000 of loans outstanding in 2020. $108,412,000 of loans were in real estate loans. $3,588,000 of loans were in development loans. $8,837,000 of loans were in multifamily mortgage loans. $38,521,000 of loans were in 1-4 family mortgage loans. $8,957,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,964,000 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 | $20,091 | $189,538 |
| Nonfarm, nonresidential loans - <$100k | 23 | $1,141 | $49,609 |
| Nonfarm, nonresidential loans - $100-250k | 50 | $6,383 | $127,660 |
| Nonfarm, nonresidential loans - $250k-1MM | 33 | $12,567 | $380,818 |
| Commercial & Industrial, US addressed loans - <$1MM | 231 | $14,902 | $64,511 |
| Commercial & Industrial, US addressed loans - <$100k | 165 | $4,113 | $24,927 |
| Commercial & Industrial, US addressed loans - $100-250k | 41 | $4,161 | $101,488 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 25 | $6,628 | $265,120 |
| Farmland loans - <$1MM | 33 | $4,254 | $128,909 |
| Farmland loans - <$100k | 8 | $293 | $36,625 |
| Farmland loans - $100-250k | 17 | $2,002 | $117,765 |
| Farmland loans - $250k-1MM | 8 | $1,959 | $244,875 |
| Agriculture operations loans - <$1MM | 49 | $4,806 | $98,082 |
| Agriculture operations loans - <$100k | 21 | $467 | $22,238 |
| Agriculture operations loans - $100-250k | 14 | $1,031 | $73,643 |
| Agriculture operations loans - $250k-1MM | 14 | $3,308 | $236,286 |