Home Bank Sb Mortgage Rates, Fees & Info

Martinsville, IN

LEI: 549300MNGYKM8QPYJL44

Tax ID: 35-0388822

Latest/2023 | 2022 Data | 2021 Data | 2020 Data |

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Mortgage Data

Bank Data

Review & Overview

Home Bank Sb is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Home Bank Sb has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Bloomington, Terre Haute, Atlanta, and Columbus among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

Home Bank Sb 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.82% 3/28/24
30 Year Conventional Refi 6.69% 3/28/24
30 Year Cash-out Refi 7.06% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 6.18% 3/28/24
15 Year Conventional Refi 6.13% 3/28/24
15 Year Cash-out Refi 6.13% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Home Bank Sb Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Home Bank Sb. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

530

Origination Dollar Volume (All Markets)

$102,660,000

Employee count

83

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
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 503 $97,095,000 $193,032 $0 0.00%
BLOOMINGTON, IN (FHA|USDA|VA) 12 $2,440,000 $203,333 $0 0.00%
TERRE HAUTE, IN (FHA|USDA|VA) 4 $750,000 $187,500 $0 0.00%
Outside of Metro Areas 2 $470,000 $235,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
COLUMBUS, IN (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
Seymour, IN (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
FORT WAYNE, IN (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
Bedford, IN (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
New Castle, IN (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Greensburg, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Home Bank Sb's top markets include Indianapolis, Bloomington, Terre Haute, Atlanta, and Columbus among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 530 $102,660,000 $193,698 $0 0.00%

    For 2020, Home Bank Sb's most frequently originated type of loan was Conventional, with 530 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 261 $49,345,000 $189,061 $0 0.00%
    Home Purchase 136 $31,460,000 $231,324 $0 0.00%
    Cash Out Refi 125 $21,295,000 $170,360 $0 0.00%
    Other 5 $475,000 $95,000 $0 0.00%
    Home Improvement 3 $85,000 $28,333 $0 0.00%

    For 2020, Home Bank Sb's most frequently cited loan purpose was Refi, with 261 originations. The 2nd most popular reason was Home Purchase, with 136 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 530 $102,660,000 $193,698 $0 0.00%

    For 2020, Home Bank Sb's most frequently cited loan duration was Other, with 530 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 232 $34,600,000 $149,138 $0 0.00%
    $200k-400k 161 $43,905,000 $272,702 $0 0.00%
    $100,000 or less 105 $7,365,000 $70,143 $0 0.00%
    $400k-600k 26 $12,130,000 $466,538 $0 0.00%
    $600k-1MM 5 $3,655,000 $731,000 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%

    2020 saw Home Bank Sb place emphasis on $100k-200k loans with 232 originations, totaling $34,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 122 $17,150,000 $140,574 $0 0.00%
    $100k-150k 115 $25,065,000 $217,957 $0 0.00%
    $75k-100k 96 $18,470,000 $192,396 $0 0.00%
    $50k or less 88 $9,010,000 $102,386 $0 0.00%
    $150k-250k 64 $21,410,000 $334,531 $0 0.00%
    $250k+ 21 $7,195,000 $342,619 $0 0.00%

    Home Bank Sb lent most frequently to those with incomes in the $50k-75k range, with 122 originations. The second most popular income band? $100k-150k, with 115 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 530 $102,660,000 $193,698 $0 0.00%

    Home Bank Sb lent most frequently to those with DTI ratios of Exempt%, with 530 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 497 $97,385,000 $195,946 $0 0.00%
    Not provided 17 $2,515,000 $147,941 $0 0.00%
    Not applicable 9 $1,795,000 $199,444 $0 0.00%
    Asian 3 $415,000 $138,333 $0 0.00%
    American Indian 3 $395,000 $131,667 $0 0.00%
    Black 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.96%

    Home Bank Sb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.58%

    Home Bank Sb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 530 $102,660,000 $193,698

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,010,000 $252,500
    Single Family (1-4 Units):Manufactured 5 $435,000 $87,000
    Single Family (1-4 Units):Site-Built 521 $101,215,000 $194,271

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    HOME BANCSHARES, INC. Conventional home mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Home Bank SB 1067 Bridge Street Mooresville, IN 46158 Full Service B&M $41,039
    Home Bank SB 1472 S State Rd 135 Greenwood, IN 46143 Full Service B&M $19,690
    Home Bank SB 59 W Washington St Martinsville, IN 46151 Full Service Cyber Office $643
    Home Bank SB 59 West Washington Street Martinsville, IN 46151 Full Service B&M $159,034
    Home Bank SB 670 Birk Road Martinsville, IN 46151 Full Service B&M $48,302
    Home Bank SB 990 W Main St Plainfield, IN 46168 Full Service B&M $12,703

    For 2020, Home Bank Sb had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,384
    Net interest income $9,738
    Total noninterest income $7,164
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $765
    Trading account gains and fees $0
    Additional Noninterest Income $6,399
    Pre-tax net operating income $3,716
    Securities gains (or losses, -) $238
    Income before extraordinary items $3,500
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,500
    Minority interest net income $13
    Net income $3,487
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,288

    Home Bank Sb's gross interest income from loans was $11,384,000.
    Home Bank Sb's net interest income from loans was $9,738,000.
    Home Bank Sb's fee based income from loans was $765,000.
    Home Bank Sb's net income from loans was $3,487,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,646
    Provision for credit losses $243
    Total noninterest expense $12,943
    Salaries and employee benefits $6,650
    Premises and equipment expense $1,405
    Additional noninterest expense $4,888
    Applicable income taxes $454
    Net charge-offs $-71
    Cash dividends $0

    Home Bank Sb's interest expense for loans was $1,646,000.
    Home Bank Sb's payroll and benefits expense were $6,650,000.
    Home Bank Sb's property, plant and equipment expenses $1,405,000.

    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 2.0%
    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 $287,561
    Deposits held in domestic offices $287,561
    Deposits by Individuals, partnerships, and corporations $242,298
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $45,263
    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 $164,080
    Demand deposits $24,290
    Nontransaction accounts $123,481
    Money market deposit accounts (MMDAs) $52,130
    Other savings deposits (excluding MMDAs) $26,551
    Total time deposits $44,801
    Total time and savings deposits $263,271
    Noninterest-bearing deposits $66,551
    Interest-bearing deposits $221,010
    Retail deposits $275,928
    IRAs and Keogh plan accounts $11,861
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $368,772
    Cash & Balances due from depository institutions $52,892
    Interest-bearing balances $49,811
    Total securities $99,095
    Federal funds sold & reverse repurchase $0
    Net loans and leases $187,012
    Loan and leases loss allowance $2,496
    Trading account assets $0
    Bank premises and fixed assets $13,414
    Other real estate owned $0
    Goodwill and other intangibles $1,234
    All other assets $15,125

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $368,772
    Total Liabilities $321,754
    Total deposits $287,561
    Interest-bearing deposits $221,010
    Deposits held in domestic offices $287,561
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $30,000
    Subordinated debt $0
    All other liabilities $4,193

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $187,012
    Loan and leases loss allowance $2,496
    Total loans and leases (domestic) $189,508
    All real estate loans $167,923
    Real estate loans in domestic offices $167,923
    Construction and development loans $8,506
    Residential 1-4 family construction $6,910
    Other construction, all land development and other land $1,596
    Loans secured by nonfarm nonresidential properties $51,548
    Nonfarm nonresidential secured by owner-occupied properties $23,188
    Commercial real estate & other non-farm, non-residential $28,360
    Multifamily residential real estate $566
    1-4 family residential loans $106,790
    Farmland loans $513
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $18,797
    To non-U.S. addressees $0
    Loans to individuals $2,712
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,241
    Other loans to individuals $471
    All other loans & leases $76
    Loans to foreign governments and official institutions $0
    Other loans $76
    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 $216
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Home Bank SB had $187,012,000 of loans outstanding in 2020. $167,923,000 of loans were in real estate loans. $8,506,000 of loans were in development loans. $566,000 of loans were in multifamily mortgage loans. $106,790,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,241,000 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 74 $13,820 $186,757
    Nonfarm, nonresidential loans - <$100k 17 $738 $43,412
    Nonfarm, nonresidential loans - $100-250k 30 $3,874 $129,133
    Nonfarm, nonresidential loans - $250k-1MM 27 $9,208 $341,037
    Commercial & Industrial, US addressed loans - <$1MM 54 $3,419 $63,315
    Commercial & Industrial, US addressed loans - <$100k 28 $440 $15,714
    Commercial & Industrial, US addressed loans - $100-250k 16 $944 $59,000
    Commercial & Industrial, US addressed loans - $250k-1MM 10 $2,035 $203,500
    Farmland loans - <$1MM 4 $513 $128,250
    Farmland loans - $100-250k 4 $513 $128,250