Home Federal Bank Mortgage Rates, Fees & Info
Shreveport, LALEI: 549300K2EV48DVSYNV15
Tax ID: 72-0214680
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Bank 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
711Origination Dollar Volume (All Markets)
$170,655,000Employee count
71Awards
Home Federal Bank - 2021
Home Federal Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications95.45%
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 origination93.50%
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 |
