Home Bank Sb Mortgage Rates, Fees & Info

Martinsville, IN

LEI: 549300MNGYKM8QPYJL44

Tax ID: 35-0388822

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Home Bank Sb is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Home Bank Sb has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Bloomington, Columbus, Cape Coral, and Terre Haute among others. We have data for 14 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. Home Bank Sb 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.82% 11/21/24
    30 Year Conventional Refi 6.69% 11/21/24
    30 Year Cash-out Refi 7.06% 11/21/24
    30 Year FHA Purchase 6.27% 11/21/24
    15 Year Conventional Purchase 6.18% 11/21/24
    15 Year Conventional Refi 6.13% 11/21/24
    15 Year Cash-out Refi 6.13% 11/21/24
    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

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    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

    397

    Origination Dollar Volume (All Markets)

    $84,895,000

    Employee count

    79

    Awards

    Home Bank SB 30 Year Conventional Loans bronze Home Bank SB 30 Year Conventional Loans silver
    Show all (2) awards

    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) 364 $73,140,000 $200,934 $2,455 3.37%
    BLOOMINGTON, IN (FHA|USDA|VA) 14 $7,230,000 $516,429 $2,451 3.27%
    COLUMBUS, IN (FHA|USDA|VA) 3 $705,000 $235,000 $2,389 2.79%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $660,000 $330,000 $0 4.00%
    TERRE HAUTE, IN (FHA|USDA|VA) 4 $640,000 $160,000 $2,004 3.78%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $625,000 $625,000 $3,851 3.25%
    Outside of Metro Areas 2 $490,000 $245,000 $2,509 3.38%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $465,000 $465,000 $0 4.25%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $375,000 $375,000 $3,143 2.25%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,776 3.13%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $145,000 $145,000 $2,829 3.13%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $115,000 $115,000 $2,553 2.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $75,000 $75,000 $2,667 3.13%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $55,000 $55,000 $2,478 2.88%
    Home Bank Sb's top markets include Indianapolis, Bloomington, Columbus, Cape Coral, and Terre Haute among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Home Bank SB based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Riddell National Bank
    Similarity Rank: 252
    Mutual Savings Bank
    Similarity Rank: 264
    Independent Federal Credit Union
    Similarity Rank: 560
    Madison County Federal Credit Union
    Similarity Rank: 784
    The Peoples State Bank
    Similarity Rank: 1188
    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 1463
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1690
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 1980
    FORUM Credit Union
    Similarity Rank: 2139
    The National Bank of Indianapolis
    Similarity Rank: 2445

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 397 $84,895,000 $213,841 $2,460 3.36%

    For 2021, Home Bank Sb's most frequently originated type of loan was Conventional, with 397 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 148 $37,000,000 $250,000 $2,588 3.42%
    Refi 134 $28,640,000 $213,731 $2,353 3.19%
    Cash Out Refi 102 $18,090,000 $177,353 $2,503 3.46%
    Other 7 $735,000 $105,000 $2,194 3.70%
    Home Improvement 6 $430,000 $71,667 $1,528 3.54%

    For 2021, Home Bank Sb's most frequently cited loan purpose was Home Purchase, with 148 originations. The 2nd most popular reason was Refi, with 134 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 209 $45,035,000 $215,478 $2,434 3.42%
    15 Year 66 $10,080,000 $152,727 $2,418 2.83%
    20 Year 45 $7,915,000 $175,889 $2,599 3.47%
    Other 43 $11,265,000 $261,977 $2,159 3.76%
    30+ year 18 $8,180,000 $454,444 $3,778 3.40%
    10 Year 14 $2,250,000 $160,714 $1,853 3.32%
    3 Year 1 $15,000 $15,000 $494 4.25%
    5 Year 1 $155,000 $155,000 $1,533 2.38%

    For 2021, Home Bank Sb's most frequently cited loan duration was 30 Year, with 209 originations. The 2nd most popular length was 15 Year, with 66 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 343 $69,385,000 $202,289
    $<1k 16 $4,250,000 $265,625
    $2k-3k 3 $475,000 $158,333
    $5k+ 1 $395,000 $395,000

    Home Bank Sb's average total fees were $2,434, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 343 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 197 $49,245,000 $249,975
    2.5-3% 111 $21,475,000 $193,468
    4-5% 43 $6,375,000 $148,256
    <2.5% 37 $6,445,000 $174,189
    5-6% 6 $1,000,000 $166,667
    Over 8% 2 $160,000 $80,000
    7-8% 1 $195,000 $195,000

    During 2021, Home Bank Sb's average interest rate for loans was 3.42%, while their most frequently originated rate bucket for loans was 3-4%, with 197 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 157 $22,565,000 $143,726 $2,345 3.31%
    $200k-400k 120 $33,540,000 $279,500 $2,599 3.28%
    $100,000 or less 88 $6,260,000 $71,136 $2,217 3.55%
    $400k-600k 21 $9,985,000 $475,476 $2,819 3.32%
    $600k-1MM 8 $6,080,000 $760,000 $3,790 3.45%
    $1MM+ 3 $6,465,000 $2,155,000 $4,392 3.71%

    2021 saw Home Bank Sb place emphasis on $100k-200k loans with 157 originations, totaling $22,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 98 $14,670,000 $149,694 $2,390 3.27%
    $100k-150k 85 $20,095,000 $236,412 $2,426 3.20%
    $75k-100k 78 $13,530,000 $173,462 $2,423 3.57%
    $50k or less 58 $6,260,000 $107,931 $2,369 3.25%
    $150k-250k 40 $12,430,000 $310,750 $2,714 3.21%
    $250k+ 21 $9,175,000 $436,905 $2,968 3.82%

    Home Bank Sb lent most frequently to those with incomes in the $50k-75k range, with 98 originations. The second most popular income band? $100k-150k, with 85 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 141 $26,645,000 $188,972 $2,411 3.30%
    30-36% 76 $15,760,000 $207,368 $2,381 3.33%
    <20% 65 $11,885,000 $182,846 $2,452 3.25%
    37% 19 $3,425,000 $180,263 $2,285 3.35%
    38% 12 $2,700,000 $225,000 $2,645 3.45%
    42% 10 $2,400,000 $240,000 $2,578 4.18%
    40% 10 $2,120,000 $212,000 $2,429 3.20%
    39% 9 $2,585,000 $287,222 $2,750 3.56%
    43% 9 $2,295,000 $255,000 $2,979 3.39%
    41% 6 $1,110,000 $185,000 $2,624 3.88%
    36% 6 $1,250,000 $208,333 $2,765 2.67%
    45% 5 $555,000 $111,000 $2,435 2.95%
    47% 5 $1,135,000 $227,000 $2,934 3.35%
    46% 3 $945,000 $315,000 $2,725 3.25%
    44% 2 $380,000 $190,000 $2,359 3.13%
    49% 2 $440,000 $220,000 $2,582 3.44%
    48% 1 $445,000 $445,000 $2,584 3.25%
    50-60% 1 $375,000 $375,000 $2,294 3.25%

    Home Bank Sb lent most frequently to those with DTI ratios of 20-30%, with 141 originations. The next most common DTI ratio? 30-36%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 363 $73,255,000 $201,804 $2,460 3.34%
    Not applicable 11 $7,575,000 $688,636 $0 4.19%
    Not provided 20 $3,600,000 $180,000 $2,471 3.29%
    American Indian 1 $265,000 $265,000 $0 4.25%
    Asian 1 $145,000 $145,000 $2,005 2.38%
    Black 1 $55,000 $55,000 $2,437 3.00%

    Approval Rates

    Total approvals of all applications
    90.75%

    Home Bank Sb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.60%

    Home Bank Sb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 397 $84,895,000 $213,841

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    397 $84,895,000 $213,841

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $7,140,000 $132,222 $2,098 3.40%
    40-60% 80 $12,830,000 $160,375 $2,393 3.09%
    60-80% 172 $41,130,000 $239,128 $2,501 3.44%
    80-100% 85 $23,425,000 $275,588 $2,727 3.41%
    Under 20% 6 $370,000 $61,667 $1,735 3.75%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    HOME BANCSHARES, INC. Conventional home mortgage Trouble during payment process 1 50.0%
    HOME BANCSHARES, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Home Bank SB 1067 Bridge Street Mooresville, IN 46158 Full Service B&M $46,362
    Home Bank SB 1472 S State Rd 135 Greenwood, IN 46143 Full Service B&M $22,473
    Home Bank SB 59 W Washington St Martinsville, IN 46151 Full Service Cyber Office $1,008
    Home Bank SB 59 West Washington Street Martinsville, IN 46151 Full Service B&M $174,878
    Home Bank SB 670 Birk Road Martinsville, IN 46151 Full Service B&M $57,411
    Home Bank SB 990 W Main St Plainfield, IN 46168 Full Service B&M $13,651

    For 2021, Home Bank Sb had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,073
    Net interest income $9,833
    Total noninterest income $6,565
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $794
    Trading account gains and fees $0
    Additional Noninterest Income $5,771
    Pre-tax net operating income $3,874
    Securities gains (or losses, -) $-1
    Income before extraordinary items $3,626
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,626
    Minority interest net income $13
    Net income $3,613
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,626

    Home Bank Sb's gross interest income from loans was $11,073,000.
    Home Bank Sb's net interest income from loans was $9,833,000.
    Home Bank Sb's fee based income from loans was $794,000.
    Home Bank Sb's net income from loans was $3,613,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,240
    Provision for credit losses $55
    Total noninterest expense $12,469
    Salaries and employee benefits $6,318
    Premises and equipment expense $1,551
    Additional noninterest expense $4,600
    Applicable income taxes $247
    Net charge-offs $25
    Cash dividends $0

    Home Bank Sb's interest expense for loans was $1,240,000.
    Home Bank Sb's payroll and benefits expense were $6,318,000.
    Home Bank Sb's property, plant and equipment expenses $1,551,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 3.0%
    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $331,538
    Deposits held in domestic offices $331,538
    Deposits by Individuals, partnerships, and corporations $283,786
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $47,751
    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 $192,874
    Demand deposits $38,060
    Nontransaction accounts $138,663
    Money market deposit accounts (MMDAs) $68,302
    Other savings deposits (excluding MMDAs) $32,808
    Total time deposits $37,552
    Total time and savings deposits $293,477
    Noninterest-bearing deposits $78,432
    Interest-bearing deposits $253,106
    Retail deposits $322,046
    IRAs and Keogh plan accounts $11,100
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $415,823
    Cash & Balances due from depository institutions $43,162
    Interest-bearing balances $40,981
    Total securities $166,334
    Federal funds sold & reverse repurchase $0
    Net loans and leases $175,706
    Loan and leases loss allowance $2,526
    Trading account assets $0
    Bank premises and fixed assets $13,098
    Other real estate owned $0
    Goodwill and other intangibles $1,264
    All other assets $16,259

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $415,823
    Total Liabilities $365,959
    Total deposits $331,538
    Interest-bearing deposits $253,106
    Deposits held in domestic offices $331,538
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $30,000
    Subordinated debt $0
    All other liabilities $4,421

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $175,706
    Loan and leases loss allowance $2,526
    Total loans and leases (domestic) $178,232
    All real estate loans $164,601
    Real estate loans in domestic offices $164,601
    Construction and development loans $6,910
    Residential 1-4 family construction $4,486
    Other construction, all land development and other land $2,424
    Loans secured by nonfarm nonresidential properties $56,493
    Nonfarm nonresidential secured by owner-occupied properties $24,077
    Commercial real estate & other non-farm, non-residential $32,416
    Multifamily residential real estate $893
    1-4 family residential loans $97,899
    Farmland loans $2,406
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $10,247
    To non-U.S. addressees $0
    Loans to individuals $3,287
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,936
    Other loans to individuals $351
    All other loans & leases $97
    Loans to foreign governments and official institutions $0
    Other loans $97
    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 $1,265
    Non 1-4 family restructured loans & leases $47
    Total loans and leases (foreign) $0

    Home Bank SB had $175,706,000 of loans outstanding in 2021. $164,601,000 of loans were in real estate loans. $6,910,000 of loans were in development loans. $893,000 of loans were in multifamily mortgage loans. $97,899,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,936,000 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 70 $16,284 $232,629
    Nonfarm, nonresidential loans - <$100k 13 $488 $37,538
    Nonfarm, nonresidential loans - $100-250k 25 $3,380 $135,200
    Nonfarm, nonresidential loans - $250k-1MM 32 $12,416 $388,000
    Commercial & Industrial, US addressed loans - <$1MM 45 $2,558 $56,844
    Commercial & Industrial, US addressed loans - <$100k 21 $478 $22,762
    Commercial & Industrial, US addressed loans - $100-250k 13 $782 $60,154
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $1,298 $118,000
    Farmland loans - <$1MM 6 $841 $140,167
    Farmland loans - $100-250k 5 $516 $103,200
    Farmland loans - $250k-1MM 1 $325 $325,000