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HomeTrust Bancshares sells $160M of one- to four-family loans

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HomeTrust Bancshares sells $160M of one- to four-family loans

HomeTrust Bancshares Inc. sold about $160 million of one- to four-family loans previously reported as held-for-sale as of Sept. 30.

The transaction generated a gain of roughly $1.3 million, which will be included in the company's pretax income for the quarter ended Dec. 31.

The loans sold had a weighted average rate of 3.50% and included both fixed-rate and adjustable-rate loans previously originated by the company's unit, HomeTrust Bank. HomeTrust Bancshares plans to sell up to $90 million more of these loans in the quarter ended March 31, 2020.