American Heritage Bank Mortgage Rates, Fees & Info

Sapulpa, OK

LEI: 5493007LU04D28P9RD79

Tax ID: 73-0126720

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Mortgage Data

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

    American Heritage Bank is a smaller bank specializing in Home Purchase and Refi loans. American Heritage Bank has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Bartlesville, Stillwater, Oklahoma City, and Muskogee among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American Heritage 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.

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    Originations

    274

    Origination Dollar Volume (All Markets)

    $39,700,000

    Employee count

    266

    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
    TULSA, OK (FHA|USDA|VA) 239 $34,175,000 $142,992 $0 0.00%
    Bartlesville, OK (FHA|USDA|VA) 22 $2,960,000 $134,545 $0 0.00%
    Outside of Metro Areas 5 $1,495,000 $299,000 $0 0.00%
    Stillwater, OK (FHA|USDA|VA) 4 $500,000 $125,000 $0 0.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $270,000 $135,000 $0 0.00%
    Muskogee, OK (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Ponca City, OK (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    American Heritage Bank's top markets include Tulsa, Bartlesville, Stillwater, Oklahoma City, and Muskogee among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 274 $39,700,000 $144,891 $0 0.00%

    For 2018, American Heritage Bank's most frequently originated type of loan was Conventional, with 274 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 169 $27,655,000 $163,639 $0 0.00%
    Refi 66 $8,810,000 $133,485 $0 0.00%
    Home Improvement 24 $1,900,000 $79,167 $0 0.00%
    Other 14 $1,160,000 $82,857 $0 0.00%
    Cash Out Refi 1 $175,000 $175,000 $0 0.00%

    For 2018, American Heritage Bank's most frequently cited loan purpose was Home Purchase, with 169 originations. The 2nd most popular reason was Refi, with 66 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 274 $39,700,000 $144,891 $0 0.00%

    For 2018, American Heritage Bank's most frequently cited loan duration was Other, with 274 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 130 $7,860,000 $60,462 $0 0.00%
    $100k-200k 82 $11,430,000 $139,390 $0 0.00%
    $200k-400k 50 $13,480,000 $269,600 $0 0.00%
    $400k-600k 8 $3,660,000 $457,500 $0 0.00%
    $600k-1MM 3 $2,185,000 $728,333 $0 0.00%
    $1MM+ 1 $1,085,000 $1,085,000 $0 0.00%

    2018 saw American Heritage Bank place emphasis on $100,000 or less loans with 130 originations, totaling $7,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 57 $6,095,000 $106,930 $0 0.00%
    $100k-150k 49 $8,965,000 $182,959 $0 0.00%
    $50k or less 48 $3,750,000 $78,125 $0 0.00%
    $75k-100k 34 $5,120,000 $150,588 $0 0.00%
    $150k-250k 18 $3,900,000 $216,667 $0 0.00%
    $250k+ 15 $4,325,000 $288,333 $0 0.00%

    American Heritage Bank lent most frequently to those with incomes in the $50k-75k range, with 57 originations. The second most popular income band? $100k-150k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 274 $39,700,000 $144,891 $0 0.00%

    American Heritage Bank lent most frequently to those with DTI ratios of Exempt%, with 274 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 193 $29,305,000 $151,839 $0 0.00%
    Not applicable 44 $6,250,000 $142,045 $0 0.00%
    American Indian 25 $2,885,000 $115,400 $0 0.00%
    Not provided 5 $545,000 $109,000 $0 0.00%
    Asian 1 $395,000 $395,000 $0 0.00%
    Black 6 $320,000 $53,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    73.70%

    American Heritage Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.74%

    American Heritage Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 274 $39,700,000 $144,891

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $225,000 $225,000
    Multifamily:Site-Built 8 $2,610,000 $326,250
    Single Family (1-4 Units):Manufactured 16 $1,020,000 $63,750
    Single Family (1-4 Units):Site-Built 249 $35,845,000 $143,956

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    AMERICAN PACIFIC MORTGAGE Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 25.0%
    AMERICAN PACIFIC MORTGAGE Other type of mortgage Closing on a mortgage 1 12.5%
    AMERICAN PACIFIC MORTGAGE FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 12.5%
    AMERICAN PACIFIC MORTGAGE Conventional home mortgage Trouble during payment process 2 25.0%
    AMERICAN PACIFIC MORTGAGE Conventional home mortgage Closing on a mortgage 2 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    American Heritage Bank 100 North Broadway Cleveland, OK 74020 Limited, Drive-thru $0
    American Heritage Bank 100 North Broadway Cleveland, OK 74020 Full Service B&M $52,124
    American Heritage Bank 1002 West Taft Sapulpa, OK 74066 Full Service Retail $5,433
    American Heritage Bank 113 W Allen Kellyville, OK 74039 Full Service B&M $24,046
    American Heritage Bank 12120 South Vancouver Avenue Sapulpa, OK 74066 Full Service B&M $14,784
    American Heritage Bank 1303 Commercial Street Mounds, OK 74047 Full Service B&M $17,489
    American Heritage Bank 2 South Main Street Sapulpa, OK 74066 Limited, Drive-thru $0
    American Heritage Bank 2 South Main Street Sapulpa, OK 74066 Full Service B&M $278,735
    American Heritage Bank 200 West Main Pawhuska, OK 74056 Limited, Drive-thru $0
    American Heritage Bank 202 North Main Street Yale, OK 74085 Full Service B&M $45,009
    American Heritage Bank 220 S. Adams Road Sand Springs, OK 74063 Full Service B&M $33,746
    American Heritage Bank 239 East Main Street Pawhuska, OK 74056 Full Service B&M $88,142
    American Heritage Bank 30021 W Hwy 51 Mannford, OK 74044 Limited, Drive-thru $2,091
    American Heritage Bank 301 North Choctaw Beggs, OK 74421 Full Service B&M $22,544
    American Heritage Bank 318 South Broadway Street Cleveland, OK 74020 Full Service B&M $32,437
    American Heritage Bank 3309 East Frank Phillips Boulevard Bartlesville, OK 74006 Full Service B&M $35,128
    American Heritage Bank 3801 South 113th West Avenue Sand Springs, OK 74063 Full Service B&M $55,336
    American Heritage Bank 400 West Main Street Barnsdall, OK 74002 Full Service B&M $12,789
    American Heritage Bank 408 E. Cimarron Mannford, OK 74044 Full Service B&M $62,291
    American Heritage Bank 501 East Indiana Avenue Kiefer, OK 74041 Full Service B&M $15,902
    American Heritage Bank 6136 West 41st Street Tulsa, OK 74107 Full Service B&M $19,547
    American Heritage Bank 620 South Mission Street Sapulpa, OK 74066 Limited, Drive-thru $13,298
    American Heritage Bank 7042 South Union Avenue Tulsa, OK 74132 Full Service B&M $40,249

    For 2018, American Heritage Bank had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $38,625
    Net interest income $31,405
    Total noninterest income $8,546
    Gross Fiduciary activities income $242
    Service charges on deposit accounts $3,915
    Trading account gains and fees $0
    Additional Noninterest Income $4,389
    Pre-tax net operating income $11,909
    Securities gains (or losses, -) $152
    Income before extraordinary items $12,061
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,061
    Minority interest net income $0
    Net income $12,061
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,909

    American Heritage Bank's gross interest income from loans was $38,625,000.
    American Heritage Bank's net interest income from loans was $31,405,000.
    American Heritage Bank's fee based income from loans was $3,915,000.
    American Heritage Bank's net income from loans was $12,061,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,220
    Provision for credit losses $400
    Total noninterest expense $27,642
    Salaries and employee benefits $16,203
    Premises and equipment expense $3,828
    Additional noninterest expense $7,611
    Applicable income taxes $0
    Net charge-offs $-25
    Cash dividends $18,871

    American Heritage Bank's interest expense for loans was $7,220,000.
    American Heritage Bank's payroll and benefits expense were $16,203,000.
    American Heritage Bank's property, plant and equipment expenses $3,828,000.

    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 3.0%
    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 $893,271
    Deposits held in domestic offices $893,271
    Deposits by Individuals, partnerships, and corporations $748,997
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $144,274
    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 $68,226
    Demand deposits $47,594
    Nontransaction accounts $825,045
    Money market deposit accounts (MMDAs) $24,367
    Other savings deposits (excluding MMDAs) $601,374
    Total time deposits $199,304
    Total time and savings deposits $845,677
    Noninterest-bearing deposits $203,879
    Interest-bearing deposits $689,392
    Retail deposits $821,766
    IRAs and Keogh plan accounts $51,373
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,114,275
    Cash & Balances due from depository institutions $55,667
    Interest-bearing balances $41,276
    Total securities $567,524
    Federal funds sold & reverse repurchase $443
    Net loans and leases $449,042
    Loan and leases loss allowance $6,216
    Trading account assets $0
    Bank premises and fixed assets $16,902
    Other real estate owned $230
    Goodwill and other intangibles $7,101
    All other assets $17,366

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,114,275
    Total Liabilities $1,019,211
    Total deposits $893,271
    Interest-bearing deposits $689,392
    Deposits held in domestic offices $893,271
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $120,202
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,738

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $449,042
    Loan and leases loss allowance $6,216
    Total loans and leases (domestic) $455,258
    All real estate loans $328,559
    Real estate loans in domestic offices $328,559
    Construction and development loans $21,362
    Residential 1-4 family construction $9,816
    Other construction, all land development and other land $11,546
    Loans secured by nonfarm nonresidential properties $131,931
    Nonfarm nonresidential secured by owner-occupied properties $53,621
    Commercial real estate & other non-farm, non-residential $78,310
    Multifamily residential real estate $14,191
    1-4 family residential loans $155,272
    Farmland loans $5,803
    Loans held in foreign offices $0
    Farm loans $2,922
    Commercial and industrial loans $60,359
    To non-U.S. addressees $0
    Loans to individuals $34,806
    Credit card loans $984
    Related Plans $0
    Consumer Auto Loans $9,227
    Other loans to individuals $24,595
    All other loans & leases $28,612
    Loans to foreign governments and official institutions $0
    Other loans $319
    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 $736
    Non 1-4 family restructured loans & leases $527
    Total loans and leases (foreign) $0

    American Heritage Bank had $449,042,000 of loans outstanding in 2018. $328,559,000 of loans were in real estate loans. $21,362,000 of loans were in development loans. $14,191,000 of loans were in multifamily mortgage loans. $155,272,000 of loans were in 1-4 family mortgage loans. $2,922,000 of loans were in farm loans. $984,000 of loans were in credit card loans. $9,227,000 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 59 $16,700 $283,051
    Nonfarm, nonresidential loans - $250k-1MM 59 $16,700 $283,051
    Commercial & Industrial, US addressed loans - <$1MM 889 $31,958 $35,948
    Commercial & Industrial, US addressed loans - <$100k 782 $14,324 $18,317
    Commercial & Industrial, US addressed loans - $100-250k 66 $5,657 $85,712
    Commercial & Industrial, US addressed loans - $250k-1MM 41 $11,977 $292,122
    Farmland loans - <$1MM 61 $5,122 $83,967
    Farmland loans - <$100k 39 $1,087 $27,872
    Farmland loans - $100-250k 14 $1,514 $108,143
    Farmland loans - $250k-1MM 8 $2,521 $315,125
    Agriculture operations loans - <$1MM 152 $2,921 $19,217
    Agriculture operations loans - <$100k 143 $2,030 $14,196
    Agriculture operations loans - $100-250k 9 $891 $99,000