Hoosier Heartland State Bank Mortgage Rates, Fees & Info
Crawfordsville, INLEI: 549300NZ54QGM0WNLC84
Tax ID: 35-0472900
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Mortgage Data
Bank Data
Review & Overview
Hoosier Heartland State Bank is a smaller bank specializing in Refi and Cash Out Refi loans. Hoosier Heartland State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Crawfordsville, Indianapolis, Lafayette, Terre Haute, and Frankfort among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Hoosier Heartland State Bank has an 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
301Origination Dollar Volume (All Markets)
$46,865,000Employee count
63Top 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 |
|---|---|---|---|---|---|
| Crawfordsville, IN (FHA|USDA|VA) | 228 | $32,910,000 | $144,342 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 46 | $9,140,000 | $198,696 | $0 | 0.00% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 11 | $2,115,000 | $192,273 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,100,000 | $183,333 | $0 | 0.00% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $0 | 0.00% |
| Frankfort, IN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 0.00% |
| Wabash, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Hoosier Heartland State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 301 | $46,865,000 | $155,698 | $0 | 0.00% |
For 2020, Hoosier Heartland State Bank's most frequently originated type of loan was Conventional, with 301 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 146 | $23,350,000 | $159,932 | $0 | 0.00% |
| Cash Out Refi | 109 | $17,145,000 | $157,294 | $0 | 0.00% |
| Home Purchase | 46 | $6,370,000 | $138,478 | $0 | 0.00% |
For 2020, Hoosier Heartland State Bank's most frequently cited loan purpose was Refi, with 146 originations. The 2nd most popular reason was Cash Out Refi, with 109 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 301 | $46,865,000 | $155,698 | $0 | 0.00% |
For 2020, Hoosier Heartland State Bank's most frequently cited loan duration was Other, with 301 originations.
Loan Sizing
2020 saw Hoosier Heartland State Bank place emphasis on $100k-200k loans with 146 originations, totaling $20,480,000 in origination value.
Applicant Income
Hoosier Heartland State Bank lent most frequently to those with incomes in the $100k-150k range, with 68 originations. The second most popular income band? $75k-100k, with 65 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 301 | $46,865,000 | $155,698 | $0 | 0.00% |
Hoosier Heartland State Bank lent most frequently to those with DTI ratios of Exempt%, with 301 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.25%
Hoosier Heartland State Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.40%
Hoosier Heartland State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 301 | $46,865,000 | $155,698 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $110,000 | $55,000 |
| Single Family (1-4 Units):Site-Built | 299 | $46,755,000 | $156,371 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Hoosier Heartland State Bank | 100 N. Main Street New Ross, IN 47968 | Full Service B&M | $29,333 |
| Hoosier Heartland State Bank | 100 North Meridan St Linden, IN 47955 | Full Service B&M | $36,529 |
| Hoosier Heartland State Bank | 1400 Darlington Avenue Crawfordsville, IN 47933 | Full Service B&M | $33,530 |
| Hoosier Heartland State Bank | 1661 Us Hwy 231 S Crawfordsville, IN 47933 | Full Service B&M | $71,752 |
| Hoosier Heartland State Bank | Indiana And Washington Streets Roachdale, IN 46172 | Full Service B&M | $12,801 |
| Hoosier Heartland State Bank | Main And Franklin Streets Ladoga, IN 47954 | Full Service B&M | $18,623 |
For 2020, Hoosier Heartland State Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $8,439 |
| Net interest income | $7,706 |
| Total noninterest income | $2,025 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $432 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,593 |
| Pre-tax net operating income | $1,369 |
| Securities gains (or losses, -) | $247 |
| Income before extraordinary items | $1,612 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,612 |
| Minority interest net income | $0 |
| Net income | $1,612 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,365 |
Hoosier Heartland State Bank's gross interest income from loans was $8,439,000.
Hoosier Heartland State Bank's net interest income from loans was $7,706,000.
Hoosier Heartland State Bank's fee based income from loans was $432,000.
Hoosier Heartland State Bank's net income from loans was $1,612,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $733 |
| Provision for credit losses | $250 |
| Total noninterest expense | $8,112 |
| Salaries and employee benefits | $4,202 |
| Premises and equipment expense | $932 |
| Additional noninterest expense | $2,978 |
| Applicable income taxes | $4 |
| Net charge-offs | $66 |
| Cash dividends | $859 |
Hoosier Heartland State Bank's interest expense for loans was $733,000.
Hoosier Heartland State Bank's payroll and benefits expense were $4,202,000.
Hoosier Heartland State Bank's property, plant and equipment expenses $932,000.
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 | 1.0% |
| 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 | $211,290 |
| Deposits held in domestic offices | $211,290 |
| Deposits by Individuals, partnerships, and corporations | $148,265 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $63,025 |
| 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 | $95,311 |
| Demand deposits | $43,769 |
| Nontransaction accounts | $115,979 |
| Money market deposit accounts (MMDAs) | $60,169 |
| Other savings deposits (excluding MMDAs) | $32,007 |
| Total time deposits | $23,805 |
| Total time and savings deposits | $167,521 |
| Noninterest-bearing deposits | $43,875 |
| Interest-bearing deposits | $167,416 |
| Retail deposits | $208,251 |
| IRAs and Keogh plan accounts | $5,205 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $235,377 |
| Cash & Balances due from depository institutions | $5,153 |
| Interest-bearing balances | $1,154 |
| Total securities | $64,651 |
| Federal funds sold & reverse repurchase | $5,317 |
| Net loans and leases | $142,449 |
| Loan and leases loss allowance | $1,949 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,108 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $375 |
| All other assets | $9,324 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $235,377 |
| Total Liabilities | $213,646 |
| Total deposits | $211,290 |
| Interest-bearing deposits | $167,416 |
| Deposits held in domestic offices | $211,290 |
| % insured (estimated) | $70 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $2,356 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $142,449 |
| Loan and leases loss allowance | $1,949 |
| Total loans and leases (domestic) | $144,398 |
| All real estate loans | $101,032 |
| Real estate loans in domestic offices | $101,032 |
| Construction and development loans | $2,857 |
| Residential 1-4 family construction | $2,748 |
| Other construction, all land development and other land | $109 |
| Loans secured by nonfarm nonresidential properties | $17,968 |
| Nonfarm nonresidential secured by owner-occupied properties | $9,639 |
| Commercial real estate & other non-farm, non-residential | $8,329 |
| Multifamily residential real estate | $2,553 |
| 1-4 family residential loans | $35,007 |
| Farmland loans | $42,647 |
| Loans held in foreign offices | $0 |
| Farm loans | $14,173 |
| Commercial and industrial loans | $15,218 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $10,836 |
| Credit card loans | $1,056 |
| Related Plans | $13 |
| Consumer Auto Loans | $3,662 |
| Other loans to individuals | $6,105 |
| All other loans & leases | $3,138 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,134 |
| 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 | $2,038 |
| Non 1-4 family restructured loans & leases | $1,911 |
| Total loans and leases (foreign) | $0 |
Hoosier Heartland State Bank had $142,449,000 of loans outstanding in 2020. $101,032,000 of loans were in real estate loans. $2,857,000 of loans were in development loans. $2,553,000 of loans were in multifamily mortgage loans. $35,007,000 of loans were in 1-4 family mortgage loans. $14,173,000 of loans were in farm loans. $1,056,000 of loans were in credit card loans. $3,662,000 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 | 93 | $17,968 | $193,204 |
| Nonfarm, nonresidential loans - <$100k | 36 | $1,593 | $44,250 |
| Nonfarm, nonresidential loans - $100-250k | 27 | $3,318 | $122,889 |
| Nonfarm, nonresidential loans - $250k-1MM | 30 | $13,057 | $435,233 |
| Commercial & Industrial, US addressed loans - <$1MM | 226 | $15,218 | $67,336 |
| Commercial & Industrial, US addressed loans - <$100k | 173 | $3,793 | $21,925 |
| Commercial & Industrial, US addressed loans - $100-250k | 31 | $3,539 | $114,161 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 22 | $7,886 | $358,455 |
| Farmland loans - <$1MM | 129 | $15,156 | $117,488 |
| Farmland loans - <$100k | 52 | $1,792 | $34,462 |
| Farmland loans - $100-250k | 41 | $4,429 | $108,024 |
| Farmland loans - $250k-1MM | 36 | $8,935 | $248,194 |
| Agriculture operations loans - <$1MM | 90 | $6,129 | $68,100 |
| Agriculture operations loans - <$100k | 62 | $1,410 | $22,742 |
| Agriculture operations loans - $100-250k | 18 | $2,113 | $117,389 |
| Agriculture operations loans - $250k-1MM | 10 | $2,606 | $260,600 |