Home Federal Bank Mortgage Rates, Fees & Info

Shreveport, LA

LEI: 549300K2EV48DVSYNV15

Tax ID: 72-0214680

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

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Home Federal Bank is a smaller bank specializing in Home Purchase and Refi loans. Home Federal Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Shreveport, Minden, Monroe, Houston, and Ruston among others. Home Federal Bank has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Home Federal Bank is typically an average fee lendor.


Originations

711

Origination Dollar Volume (All Markets)

$170,655,000

Employee count

71 Show all (5) awards

Relative Rate

Home Federal Bank's average 30 year fixed rate mortgage of loans were 3.1%.

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

This yields a difference of -0.05%.

Relative Fees

Home Federal Bank's average total fees for a 30 year fixed rate mortgage are $4,577.

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
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 612 $143,370,000 $234,265 $4,183 3.22%
Minden, LA (FHA|USDA|VA) 29 $7,975,000 $275,000 $3,956 3.49%
MONROE, LA (FHA|USDA|VA) 18 $2,930,000 $162,778 $5,793 3.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $2,750,000 $458,333 $4,406 2.87%
Outside of Metro Areas 9 $2,395,000 $266,111 $5,023 3.36%
Ruston, LA (FHA|USDA|VA) 2 $1,920,000 $960,000 $5,568 3.88%
Montrose, CO (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $0 4.25%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,290,000 $322,500 $2,880 3.19%
LONGVIEW, TX (FHA|USDA|VA) 4 $950,000 $237,500 $3,135 2.63%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $920,000 $230,000 $2,543 3.46%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $545,000 $545,000 $4,282 2.38%
BATON ROUGE, LA (FHA|USDA|VA) 2 $540,000 $270,000 $2,555 2.62%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $360,000 $180,000 $4,850 3.83%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $350,000 $175,000 $3,987 3.13%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $315,000 $315,000 $0 4.25%
Stephenville, TX (FHA|USDA|VA) 1 $315,000 $315,000 $4,192 2.88%
MOBILE, AL (FHA|USDA|VA) 1 $295,000 $295,000 $2,532 2.50%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $275,000 $275,000 $3,205 2.88%
HOT SPRINGS, AR (FHA|USDA|VA) 2 $270,000 $135,000 $2,097 2.50%
Fort Polk South, LA (FHA|USDA|VA) 1 $255,000 $255,000 $2,622 2.75%
ALEXANDRIA, LA (FHA|USDA|VA) 1 $245,000 $245,000 $3,437 2.38%
Starkville, MS (FHA|USDA|VA) 1 $195,000 $195,000 $3,046 2.88%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $185,000 $185,000 $4,189 3.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $175,000 $175,000 $8,302 2.99%
TYLER, TX (FHA|USDA|VA) 1 $165,000 $165,000 $2,968 3.00%
Natchitoches, LA (FHA|USDA|VA) 1 $135,000 $135,000 $1,248 3.13%
WACO, TX (FHA|USDA|VA) 1 $95,000 $95,000 $1,812 3.00%
ENID, OK (FHA|USDA|VA) 1 $75,000 $75,000 $2,630 3.99%

Home Federal Bank's top markets include Shreveport, Minden, Monroe, Houston, and Ruston among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 495 $133,055,000 $268,798 $2,921 3.21%
FHA 174 $27,640,000 $158,851 $6,858 3.36%
VA 31 $7,745,000 $249,839 $4,351 2.82%
USDA 11 $2,215,000 $201,364 $4,919 2.65%

For the 2021 period, Home Federal Bank's most frequently originated loan type of loans were Conventional, with 495 originations. Their 2nd most popular type is FHA, with 174 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 401 $84,535,000 $210,810 $5,218 3.31%
Refi 221 $66,375,000 $300,339 $2,609 3.15%
Cash Out Refi 86 $19,300,000 $224,419 $2,819 2.99%
Home Improvement 2 $170,000 $85,000 $0 4.75%
Other 1 $275,000 $275,000 $2,074 2.88%

For the 2021, Home Federal Bank's most frequently cited loan purpose of loans were Home Purchase, with 401 originations. The 2nd most popular reason of loans were Refi, with 221 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 482 $113,080,000 $234,606 $4,577 3.10%
15 Year 82 $17,610,000 $214,756 $2,506 2.51%
5 Year 73 $19,075,000 $261,301 $0 4.36%
Other 38 $13,890,000 $365,526 $2,647 4.03%
10 Year 16 $4,010,000 $250,625 $2,432 2.96%
20 Year 12 $1,890,000 $157,500 $2,326 3.16%
1 Year 7 $915,000 $130,714 $0 4.32%
3 Year 1 $185,000 $185,000 $0 4.50%

For the 2021, Home Federal Bank's most frequently cited loan length of loans were 30 Year, with 482 originations. The 2nd most popular length of loans were 15 Year, with 82 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 416 $102,710,000 $246,899
$2k-3k 80 $14,170,000 $177,125
$1k-2k 73 $13,745,000 $188,288
$3k-4k 21 $4,745,000 $225,952

$4,577 of loans were Home Federal Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 416 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 247 $58,205,000 $235,648
2.5-3% 234 $59,110,000 $252,607
<2.5% 122 $30,070,000 $246,475
4-5% 107 $23,225,000 $217,056
5-6% 1 $45,000 $45,000

During 2021, Home Federal Bank's average interest rate of loans were 3.10%, while their most frequently originated rate bucket of loans were 3-4%, with 247 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 298 $44,320,000 $148,725 $4,598 3.28%
$200k-400k 236 $64,500,000 $273,305 $4,128 2.98%
$100,000 or less 98 $7,270,000 $74,184 $2,861 3.72%
$400k-600k 59 $28,815,000 $488,390 $3,752 2.94%
$1MM+ 13 $20,715,000 $1,593,462 $7,536 3.74%
$600k-1MM 7 $5,035,000 $719,286 $4,551 3.46%

2021 saw Home Federal Bank place emphasis on $100k-200k loans with 298 originations, totaling $44,320,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 154 $21,350,000 $138,636 $5,104 3.18%
$50k-75k 136 $23,820,000 $175,147 $4,879 3.05%
$100k-150k 101 $27,055,000 $267,871 $3,244 2.84%
$75k-100k 84 $18,540,000 $220,714 $3,741 3.11%
$150k-250k 73 $24,905,000 $341,164 $3,286 2.86%
$250k+ 50 $21,010,000 $420,200 $3,664 3.10%

Home Federal Bank lent most frequently to those with incomes in the $50k or less range, with 154 originations. The second most popular income band? $50k-75k, with 136 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 117 $27,825,000 $237,821 $3,326 2.88%
30-36% 97 $22,205,000 $228,918 $3,500 3.03%
<20% 71 $20,155,000 $283,873 $2,919 2.82%
50-60% 51 $8,655,000 $169,706 $6,588 3.38%
40% 36 $9,010,000 $250,278 $5,214 3.10%
38% 24 $5,820,000 $242,500 $4,271 3.07%
44% 22 $5,210,000 $236,818 $3,660 2.88%
42% 20 $4,570,000 $228,500 $4,843 3.21%
43% 19 $4,155,000 $218,684 $4,468 2.95%
39% 17 $3,335,000 $196,176 $4,422 2.95%
36% 16 $3,100,000 $193,750 $4,757 3.14%
49% 16 $3,320,000 $207,500 $5,597 3.20%
41% 16 $3,050,000 $190,625 $5,027 3.04%
37% 14 $2,970,000 $212,143 $3,720 2.85%
46% 13 $2,955,000 $227,308 $4,792 3.11%
45% 13 $2,615,000 $201,154 $5,491 2.99%
48% 12 $3,090,000 $257,500 $6,406 3.08%
47% 8 $1,750,000 $218,750 $5,059 3.06%
>60% 2 $500,000 $250,000 $8,347 3.06%

Home Federal Bank lent most frequently to those with DTI ratios of 20-30%, with 117 originations. The next most common DTI ratio? 30-36%, with 97 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 368 $94,620,000 $257,120 $3,101 2.91%
Black 201 $34,935,000 $173,806 $6,281 3.31%
Not applicable 107 $32,895,000 $307,430 $0 4.30%
Not provided 28 $6,200,000 $221,429 $3,215 2.82%
Asian 6 $1,660,000 $276,667 $3,017 2.35%
Asian Indian 1 $345,000 $345,000 $6,034 2.38%

Approval Rates

Total approvals of all applications
95.45%

Home Federal 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 origination
93.50%

Home Federal Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 711 $170,655,000 $240,021

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
711 $170,655,000 $240,021

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 26 $4,910,000 $188,846 $2,340 3.34%
40-60% 66 $17,160,000 $260,000 $2,628 2.87%
60-80% 217 $54,655,000 $251,866 $2,875 3.15%
80-100% 351 $73,925,000 $210,613 $5,256 3.19%
Over 100% 42 $18,740,000 $446,190 $6,883 4.22%
Under 20% 8 $510,000 $63,750 $822 3.66%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Home Federal Bank 222 Florida St Shreveport, LA 71105 Full Service B&M $0
Home Federal Bank 2555 Viking Drive Bossier City, LA 71111 Full Service B&M $58,061
Home Federal Bank 5841 North Market Street Shreveport, LA 71107 Full Service B&M $36,853
Home Federal Bank 624 Market Street Shreveport, LA 71101 Full Service B&M $99,972
Home Federal Bank 6363 Youree Drive Shreveport, LA 71105 Full Service B&M $155,617
Home Federal Bank 7964 E. Texas St Bossier City, LA 71111 Full Service B&M $41,664
Home Federal Bank 925 Pierremont Road Shreveport, LA 71106 Full Service B&M $40,443
Home Federal Bank 9449 Mansfield Rd, Suite 101 Shreveport, LA 71118 Full Service B&M $74,863

For 2021, Home Federal Bank had 8 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $19,341
Net interest income $16,948
Total noninterest income $4,290
Gross Fiduciary activities income $0
Service charges on deposit accounts $531
Trading account gains and fees $0
Additional Noninterest Income $3,759
Pre-tax net operating income $7,040
Securities gains (or losses, -) $0
Income before extraordinary items $5,569
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $5,569
Minority interest net income $0
Net income $5,569
Sale, conversion, retirement of capital stock, net $0
Net operating income $5,569

Home Federal Bank's gross interest income from loans was $19,341,000.
Home Federal Bank's net interest income from loans was $16,948,000.
Home Federal Bank's fee based income from loans was $531,000.
Home Federal Bank's net income from loans was $5,569,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,393
Provision for credit losses $561
Total noninterest expense $13,637
Salaries and employee benefits $8,473
Premises and equipment expense $1,707
Additional noninterest expense $3,457
Applicable income taxes $1,471
Net charge-offs $167
Cash dividends $3,000

Home Federal Bank's interest expense for loans was $2,393,000.
Home Federal Bank's payroll and benefits expense were $8,473,000.
Home Federal Bank's property, plant and equipment expenses $1,707,000.

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 $512,670
Deposits held in domestic offices $512,670
Deposits by Individuals, partnerships, and corporations $479,986
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $32,684
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 $198,539
Demand deposits $1,774
Nontransaction accounts $314,131
Money market deposit accounts (MMDAs) $90,572
Other savings deposits (excluding MMDAs) $133,175
Total time deposits $90,384
Total time and savings deposits $510,896
Noninterest-bearing deposits $142,497
Interest-bearing deposits $370,173
Retail deposits $481,486
IRAs and Keogh plan accounts $11,708
Brokered deposits $6,000
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $571,636
Cash & Balances due from depository institutions $45,399
Interest-bearing balances $34,026
Total securities $97,994
Federal funds sold & reverse repurchase $29,000
Net loans and leases $371,112
Loan and leases loss allowance $4,184
Trading account assets $0
Bank premises and fixed assets $15,985
Other real estate owned $375
Goodwill and other intangibles $0
All other assets $11,771

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $571,636
Total Liabilities $515,986
Total deposits $512,670
Interest-bearing deposits $370,173
Deposits held in domestic offices $512,670
% insured (estimated) $74
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $850
Subordinated debt $0
All other liabilities $2,466

Issued Loan Types

Type Value (in 000's)
Net loans and leases $371,112
Loan and leases loss allowance $4,184
Total loans and leases (domestic) $375,296
All real estate loans $314,809
Real estate loans in domestic offices $314,809
Construction and development loans $32,741
Residential 1-4 family construction $5,449
Other construction, all land development and other land $27,292
Loans secured by nonfarm nonresidential properties $120,586
Nonfarm nonresidential secured by owner-occupied properties $68,437
Commercial real estate & other non-farm, non-residential $52,149
Multifamily residential real estate $27,593
1-4 family residential loans $132,888
Farmland loans $1,001
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $56,446
To non-U.S. addressees $0
Loans to individuals $801
Credit card loans $0
Related Plans $0
Consumer Auto Loans $6
Other loans to individuals $795
All other loans & leases $3,528
Loans to foreign governments and official institutions $0
Other loans $131
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $5,445
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Home Federal Bank had $371,112,000 of loans outstanding in 2021. $314,809,000 of loans were in real estate loans. $32,741,000 of loans were in development loans. $27,593,000 of loans were in multifamily mortgage loans. $132,888,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $6,000 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 189 $48,400 $256,085
Nonfarm, nonresidential loans - <$100k 28 $1,203 $42,964
Nonfarm, nonresidential loans - $100-250k 69 $8,876 $128,638
Nonfarm, nonresidential loans - $250k-1MM 92 $38,321 $416,533
Commercial & Industrial, US addressed loans - <$1MM 399 $41,897 $105,005
Commercial & Industrial, US addressed loans - <$100k 224 $6,046 $26,991
Commercial & Industrial, US addressed loans - $100-250k 101 $11,122 $110,119
Commercial & Industrial, US addressed loans - $250k-1MM 74 $24,729 $334,176
Farmland loans - <$1MM 4 $1,001 $250,250
Farmland loans - $100-250k 2 $237 $118,500
Farmland loans - $250k-1MM 2 $764 $382,000