Holcomb Bank Mortgage Rates, Fees & Info

Rochelle, IL

LEI: 549300JRDBJ5RPA6TY76

Tax ID: 36-1226570

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Mortgage Data

Bank Data

Review & Overview

Holcomb Bank is a smaller bank specializing in Home Purchase and Refi loans. Holcomb Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rochelle, Chicago, Rockford, Cape Coral, and Dixon among others. We have data for 13 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.

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Originations

360

Origination Dollar Volume (All Markets)

$58,230,000

Employee count

53

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
Rochelle, IL (FHA|USDA|VA) 177 $26,455,000 $149,463 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 58 $14,760,000 $254,483 $0 0.00%
ROCKFORD, IL (FHA|USDA|VA) 97 $11,795,000 $121,598 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $1,235,000 $411,667 $0 0.00%
Outside of Metro Areas 6 $1,230,000 $205,000 $0 0.00%
Dixon, IL (FHA|USDA|VA) 9 $1,045,000 $116,111 $0 0.00%
GAINESVILLE, GA (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
Ottawa, IL (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
Freeport, IL (FHA|USDA|VA) 4 $400,000 $100,000 $0 0.00%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
MADISON, WI (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Holcomb Bank's top markets include Rochelle, Chicago, Rockford, Cape Coral, and Dixon among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 360 $58,230,000 $161,750 $0 0.00%

    For 2021, Holcomb Bank's most frequently originated type of loan was Conventional, with 360 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 162 $26,330,000 $162,531 $0 0.00%
    Refi 146 $24,200,000 $165,753 $0 0.00%
    Cash Out Refi 42 $6,700,000 $159,524 $0 0.00%
    Home Improvement 7 $765,000 $109,286 $0 0.00%
    Other 3 $235,000 $78,333 $0 0.00%

    For 2021, Holcomb Bank's most frequently cited loan purpose was Home Purchase, with 162 originations. The 2nd most popular reason was Refi, with 146 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 360 $58,230,000 $161,750 $0 0.00%

    For 2021, Holcomb Bank's most frequently cited loan duration was Other, with 360 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 140 $20,100,000 $143,571 $0 0.00%
    $100,000 or less 133 $9,075,000 $68,233 $0 0.00%
    $200k-400k 72 $18,550,000 $257,639 $0 0.00%
    $400k-600k 11 $5,285,000 $480,455 $0 0.00%
    $600k-1MM 3 $2,855,000 $951,667 $0 0.00%
    $1MM+ 1 $2,365,000 $2,365,000 $0 0.00%

    2021 saw Holcomb Bank place emphasis on $100k-200k loans with 140 originations, totaling $20,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 68 $7,980,000 $117,353 $0 0.00%
    $100k-150k 64 $10,500,000 $164,063 $0 0.00%
    $75k-100k 64 $9,440,000 $147,500 $0 0.00%
    $50k or less 48 $4,900,000 $102,083 $0 0.00%
    $150k-250k 45 $8,045,000 $178,778 $0 0.00%
    $250k+ 35 $8,545,000 $244,143 $0 0.00%

    Holcomb Bank lent most frequently to those with incomes in the $50k-75k range, with 68 originations. The second most popular income band? $100k-150k, with 64 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 360 $58,230,000 $161,750 $0 0.00%

    Holcomb Bank lent most frequently to those with DTI ratios of Exempt%, with 360 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 318 $48,720,000 $153,208 $0 0.00%
    Not applicable 36 $8,820,000 $245,000 $0 0.00%
    Black 5 $545,000 $109,000 $0 0.00%
    Not provided 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.67%

    Holcomb Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.33%

    Holcomb Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 360 $58,230,000 $161,750

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    360 $58,230,000 $161,750

    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 $123,374
    Holcomb Bank 400 East Route 38 Creston, IL 60113 Full Service B&M $18,441
    Holcomb Bank 504 W. Blackhawk Drive Byron, IL 61010 Full Service B&M $17,678
    Holcomb Bank 7035 11th Street Rockford, IL 61109 Full Service B&M $47,438

    For 2021, Holcomb Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,035
    Net interest income $8,290
    Total noninterest income $2,017
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $151
    Trading account gains and fees $0
    Additional Noninterest Income $1,866
    Pre-tax net operating income $3,142
    Securities gains (or losses, -) $-33
    Income before extraordinary items $3,085
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,085
    Minority interest net income $0
    Net income $3,085
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,117

    Holcomb Bank's gross interest income from loans was $9,035,000.
    Holcomb Bank's net interest income from loans was $8,290,000.
    Holcomb Bank's fee based income from loans was $151,000.
    Holcomb Bank's net income from loans was $3,085,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $745
    Provision for credit losses $683
    Total noninterest expense $6,482
    Salaries and employee benefits $3,913
    Premises and equipment expense $736
    Additional noninterest expense $1,833
    Applicable income taxes $24
    Net charge-offs $1,030
    Cash dividends $2,988

    Holcomb Bank's interest expense for loans was $745,000.
    Holcomb Bank's payroll and benefits expense were $3,913,000.
    Holcomb Bank's property, plant and equipment expenses $736,000.

    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 $223,465
    Deposits held in domestic offices $223,465
    Deposits by Individuals, partnerships, and corporations $202,638
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,827
    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 $91,903
    Demand deposits $62,091
    Nontransaction accounts $131,562
    Money market deposit accounts (MMDAs) $31,481
    Other savings deposits (excluding MMDAs) $49,547
    Total time deposits $50,534
    Total time and savings deposits $161,374
    Noninterest-bearing deposits $59,045
    Interest-bearing deposits $164,420
    Retail deposits $208,500
    IRAs and Keogh plan accounts $7,583
    Brokered deposits $5,927
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $266,507
    Cash & Balances due from depository institutions $30,181
    Interest-bearing balances $25,582
    Total securities $72,317
    Federal funds sold & reverse repurchase $0
    Net loans and leases $155,329
    Loan and leases loss allowance $1,357
    Trading account assets $0
    Bank premises and fixed assets $4,877
    Other real estate owned $493
    Goodwill and other intangibles $770
    All other assets $2,540

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $266,507
    Total Liabilities $241,109
    Total deposits $223,465
    Interest-bearing deposits $164,420
    Deposits held in domestic offices $223,465
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $17,000
    Subordinated debt $0
    All other liabilities $644

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $155,329
    Loan and leases loss allowance $1,357
    Total loans and leases (domestic) $156,686
    All real estate loans $123,996
    Real estate loans in domestic offices $123,996
    Construction and development loans $2,278
    Residential 1-4 family construction $1,697
    Other construction, all land development and other land $581
    Loans secured by nonfarm nonresidential properties $60,235
    Nonfarm nonresidential secured by owner-occupied properties $14,953
    Commercial real estate & other non-farm, non-residential $45,282
    Multifamily residential real estate $14,590
    1-4 family residential loans $41,626
    Farmland loans $5,267
    Loans held in foreign offices $0
    Farm loans $6,437
    Commercial and industrial loans $20,454
    To non-U.S. addressees $0
    Loans to individuals $2,365
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,630
    Other loans to individuals $735
    All other loans & leases $3,433
    Loans to foreign governments and official institutions $0
    Other loans $100
    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 $457
    Non 1-4 family restructured loans & leases $457
    Total loans and leases (foreign) $0

    Holcomb Bank had $155,329,000 of loans outstanding in 2021. $123,996,000 of loans were in real estate loans. $2,278,000 of loans were in development loans. $14,590,000 of loans were in multifamily mortgage loans. $41,626,000 of loans were in 1-4 family mortgage loans. $6,437,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,630,000 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 125 $25,821 $206,568
    Nonfarm, nonresidential loans - <$100k 25 $1,413 $56,520
    Nonfarm, nonresidential loans - $100-250k 57 $7,260 $127,368
    Nonfarm, nonresidential loans - $250k-1MM 43 $17,148 $398,791
    Commercial & Industrial, US addressed loans - <$1MM 178 $10,526 $59,135
    Commercial & Industrial, US addressed loans - <$100k 123 $2,501 $20,333
    Commercial & Industrial, US addressed loans - $100-250k 39 $3,967 $101,718
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $4,058 $253,625
    Farmland loans - <$1MM 34 $3,665 $107,794
    Farmland loans - <$100k 9 $284 $31,556
    Farmland loans - $100-250k 18 $1,972 $109,556
    Farmland loans - $250k-1MM 7 $1,409 $201,286
    Agriculture operations loans - <$1MM 37 $3,490 $94,324
    Agriculture operations loans - <$100k 14 $402 $28,714
    Agriculture operations loans - $100-250k 9 $568 $63,111
    Agriculture operations loans - $250k-1MM 14 $2,520 $180,000