Hoosier Heartland State Bank Mortgage Rates, Fees & Info

Crawfordsville, IN

LEI: 549300NZ54QGM0WNLC84

Tax ID: 35-0472900

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Hoosier Heartland State Bank is a smaller bank specializing in Refi, Cash Out Refi, and Home Purchase 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 Chicago among others. We have data for 6 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.

    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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    Originations

    235

    Origination Dollar Volume (All Markets)

    $35,665,000

    Employee count

    62

    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
    Crawfordsville, IN (FHA|USDA|VA) 186 $26,980,000 $145,054 $0 0.00%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 36 $6,910,000 $191,944 $0 0.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 6 $1,040,000 $173,333 $0 0.00%
    TERRE HAUTE, IN (FHA|USDA|VA) 4 $480,000 $120,000 $0 0.00%
    Outside of Metro Areas 2 $170,000 $85,000 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Hoosier Heartland State Bank's top markets include Crawfordsville, Indianapolis, Lafayette, Terre Haute, and Chicago among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • 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.

    The Fountain Trust Company
    Similarity Rank: 189
    TEACHERS CREDIT UNION
    Similarity Rank: 938
    First Merchants Bank
    Similarity Rank: 1072
    GVC MORTGAGE, INC.
    Similarity Rank: 1584
    Mortgage Research Center, LLC
    Similarity Rank: 1846
    Wolfe Financial, Inc
    Similarity Rank: 3266
    UNIVERSITY LENDING GROUP, LLC
    Similarity Rank: 3420
    JPMorgan Chase Bank
    Similarity Rank: 5376
    CALIBER HOME LOANS, INC.
    Similarity Rank: 8181
    RUOFF MORTGAGE COMPANY, INC.
    Similarity Rank: 9240

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 235 $35,665,000 $151,766 $0 0.00%

    For 2021, Hoosier Heartland State Bank's most frequently originated type of loan was Conventional, with 235 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 114 $16,710,000 $146,579 $0 0.00%
    Cash Out Refi 72 $10,510,000 $145,972 $0 0.00%
    Home Purchase 49 $8,445,000 $172,347 $0 0.00%

    For 2021, Hoosier Heartland State Bank's most frequently cited loan purpose was Refi, with 114 originations. The 2nd most popular reason was Cash Out Refi, with 72 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 235 $35,665,000 $151,766 $0 0.00%

    For 2021, Hoosier Heartland State Bank's most frequently cited loan duration was Other, with 235 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 100 $13,580,000 $135,800 $0 0.00%
    $100,000 or less 83 $6,015,000 $72,470 $0 0.00%
    $200k-400k 44 $11,360,000 $258,182 $0 0.00%
    $400k-600k 6 $2,770,000 $461,667 $0 0.00%
    $1MM+ 1 $1,305,000 $1,305,000 $0 0.00%
    $600k-1MM 1 $635,000 $635,000 $0 0.00%

    2021 saw Hoosier Heartland State Bank place emphasis on $100k-200k loans with 100 originations, totaling $13,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 55 $5,605,000 $101,909 $0 0.00%
    $100k-150k 47 $8,765,000 $186,489 $0 0.00%
    $50k-75k 45 $5,585,000 $124,111 $0 0.00%
    $75k-100k 34 $5,370,000 $157,941 $0 0.00%
    $150k-250k 13 $2,825,000 $217,308 $0 0.00%
    $250k+ 10 $2,300,000 $230,000 $0 0.00%

    Hoosier Heartland State Bank lent most frequently to those with incomes in the $50k or less range, with 55 originations. The second most popular income band? $100k-150k, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 235 $35,665,000 $151,766 $0 0.00%

    Hoosier Heartland State Bank lent most frequently to those with DTI ratios of Exempt%, with 235 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 110 $15,550,000 $141,364 $0 0.00%
    White 94 $14,900,000 $158,511 $0 0.00%
    Not applicable 31 $5,215,000 $168,226 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.84%

    Hoosier Heartland State Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    88.09%

    Hoosier Heartland State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 235 $35,665,000 $151,766

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    235 $35,665,000 $151,766

    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 $31,206
    Hoosier Heartland State Bank 100 North Meridan St Linden, IN 47955 Full Service B&M $37,978
    Hoosier Heartland State Bank 1661 S Us Hwy 231 Crawfordsville, IN 47933 Full Service B&M $97,553
    Hoosier Heartland State Bank 1671 S Us Highway 231 Crawfordsville, IN 47933 Full Service B&M $42,153
    Hoosier Heartland State Bank Indiana And Washington Streets Roachdale, IN 46172 Full Service B&M $16,874
    Hoosier Heartland State Bank Main And Franklin Streets Ladoga, IN 47954 Full Service B&M $21,153

    For 2021, Hoosier Heartland State Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,291
    Net interest income $8,891
    Total noninterest income $2,515
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $572
    Trading account gains and fees $0
    Additional Noninterest Income $1,943
    Pre-tax net operating income $2,130
    Securities gains (or losses, -) $204
    Income before extraordinary items $2,324
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,324
    Minority interest net income $0
    Net income $2,324
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,120

    Hoosier Heartland State Bank's gross interest income from loans was $9,291,000.
    Hoosier Heartland State Bank's net interest income from loans was $8,891,000.
    Hoosier Heartland State Bank's fee based income from loans was $572,000.
    Hoosier Heartland State Bank's net income from loans was $2,324,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $400
    Provision for credit losses $300
    Total noninterest expense $8,976
    Salaries and employee benefits $4,590
    Premises and equipment expense $1,049
    Additional noninterest expense $3,337
    Applicable income taxes $10
    Net charge-offs $63
    Cash dividends $979

    Hoosier Heartland State Bank's interest expense for loans was $400,000.
    Hoosier Heartland State Bank's payroll and benefits expense were $4,590,000.
    Hoosier Heartland State Bank's property, plant and equipment expenses $1,049,000.

    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $247,519
    Deposits held in domestic offices $247,519
    Deposits by Individuals, partnerships, and corporations $176,917
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $70,602
    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 $113,265
    Demand deposits $52,545
    Nontransaction accounts $134,254
    Money market deposit accounts (MMDAs) $67,702
    Other savings deposits (excluding MMDAs) $43,979
    Total time deposits $22,573
    Total time and savings deposits $194,974
    Noninterest-bearing deposits $52,638
    Interest-bearing deposits $194,881
    Retail deposits $245,074
    IRAs and Keogh plan accounts $5,218
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $271,973
    Cash & Balances due from depository institutions $5,294
    Interest-bearing balances $2,850
    Total securities $83,700
    Federal funds sold & reverse repurchase $12,681
    Net loans and leases $151,931
    Loan and leases loss allowance $2,186
    Trading account assets $0
    Bank premises and fixed assets $7,918
    Other real estate owned $0
    Goodwill and other intangibles $492
    All other assets $9,957

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $271,973
    Total Liabilities $250,226
    Total deposits $247,519
    Interest-bearing deposits $194,881
    Deposits held in domestic offices $247,519
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,707

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $151,931
    Loan and leases loss allowance $2,186
    Total loans and leases (domestic) $154,117
    All real estate loans $114,372
    Real estate loans in domestic offices $114,372
    Construction and development loans $4,613
    Residential 1-4 family construction $4,455
    Other construction, all land development and other land $158
    Loans secured by nonfarm nonresidential properties $19,771
    Nonfarm nonresidential secured by owner-occupied properties $10,882
    Commercial real estate & other non-farm, non-residential $8,889
    Multifamily residential real estate $4,156
    1-4 family residential loans $38,079
    Farmland loans $47,753
    Loans held in foreign offices $0
    Farm loans $13,807
    Commercial and industrial loans $11,596
    To non-U.S. addressees $0
    Loans to individuals $11,477
    Credit card loans $1,190
    Related Plans $10
    Consumer Auto Loans $4,436
    Other loans to individuals $5,841
    All other loans & leases $2,865
    Loans to foreign governments and official institutions $0
    Other loans $1,130
    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 $1,986
    Non 1-4 family restructured loans & leases $1,864
    Total loans and leases (foreign) $0

    Hoosier Heartland State Bank had $151,931,000 of loans outstanding in 2021. $114,372,000 of loans were in real estate loans. $4,613,000 of loans were in development loans. $4,156,000 of loans were in multifamily mortgage loans. $38,079,000 of loans were in 1-4 family mortgage loans. $13,807,000 of loans were in farm loans. $1,190,000 of loans were in credit card loans. $4,436,000 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 101 $19,770 $195,743
    Nonfarm, nonresidential loans - <$100k 41 $1,836 $44,780
    Nonfarm, nonresidential loans - $100-250k 24 $2,904 $121,000
    Nonfarm, nonresidential loans - $250k-1MM 36 $15,030 $417,500
    Commercial & Industrial, US addressed loans - <$1MM 128 $11,596 $90,594
    Commercial & Industrial, US addressed loans - <$100k 82 $1,987 $24,232
    Commercial & Industrial, US addressed loans - $100-250k 26 $2,290 $88,077
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $7,319 $365,950
    Farmland loans - <$1MM 128 $16,239 $126,867
    Farmland loans - <$100k 46 $1,644 $35,739
    Farmland loans - $100-250k 45 $5,080 $112,889
    Farmland loans - $250k-1MM 37 $9,515 $257,162
    Agriculture operations loans - <$1MM 71 $5,894 $83,014
    Agriculture operations loans - <$100k 42 $944 $22,476
    Agriculture operations loans - $100-250k 16 $1,673 $104,563
    Agriculture operations loans - $250k-1MM 13 $3,277 $252,077