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 Las Vegas among others. We have data for 8 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

    269

    Origination Dollar Volume (All Markets)

    $42,435,000

    Employee count

    279

    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) 235 $36,375,000 $154,787 $0 0.00%
    Bartlesville, OK (FHA|USDA|VA) 18 $2,720,000 $151,111 $0 0.00%
    Stillwater, OK (FHA|USDA|VA) 6 $1,270,000 $211,667 $0 0.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $720,000 $180,000 $0 0.00%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
    Muskogee, OK (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
    Outside of Metro Areas 2 $320,000 $160,000 $0 0.00%
    Tahlequah, OK (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    American Heritage Bank's top markets include Tulsa, Bartlesville, Stillwater, Oklahoma City, and Las Vegas among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 269 $42,435,000 $157,751 $0 0.00%

    For 2019, American Heritage Bank's most frequently originated type of loan was Conventional, with 269 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 171 $29,015,000 $169,678 $0 0.00%
    Refi 77 $11,465,000 $148,896 $0 0.00%
    Home Improvement 11 $1,165,000 $105,909 $0 0.00%
    Other 10 $790,000 $79,000 $0 0.00%

    For 2019, American Heritage Bank's most frequently cited loan purpose was Home Purchase, with 171 originations. The 2nd most popular reason was Refi, with 77 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 269 $42,435,000 $157,751 $0 0.00%

    For 2019, American Heritage Bank's most frequently cited loan duration was Other, with 269 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 111 $6,365,000 $57,342 $0 0.00%
    $100k-200k 96 $14,050,000 $146,354 $0 0.00%
    $200k-400k 48 $13,040,000 $271,667 $0 0.00%
    $400k-600k 10 $4,680,000 $468,000 $0 0.00%
    $1MM+ 2 $2,850,000 $1,425,000 $0 0.00%
    $600k-1MM 2 $1,450,000 $725,000 $0 0.00%

    2019 saw American Heritage Bank place emphasis on $100,000 or less loans with 111 originations, totaling $6,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 45 $7,465,000 $165,889 $0 0.00%
    $50k-75k 44 $5,200,000 $118,182 $0 0.00%
    $150k-250k 37 $9,945,000 $268,784 $0 0.00%
    $50k or less 29 $2,255,000 $77,759 $0 0.00%
    $75k-100k 29 $3,855,000 $132,931 $0 0.00%
    $250k+ 16 $5,010,000 $313,125 $0 0.00%

    American Heritage Bank lent most frequently to those with incomes in the $100k-150k range, with 45 originations. The second most popular income band? $50k-75k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 269 $42,435,000 $157,751 $0 0.00%

    American Heritage Bank lent most frequently to those with DTI ratios of Exempt%, with 269 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 187 $30,025,000 $160,561 $0 0.00%
    Not applicable 52 $5,350,000 $102,885 $0 0.00%
    Not provided 11 $3,065,000 $278,636 $0 0.00%
    American Indian 16 $2,650,000 $165,625 $0 0.00%
    Asian 2 $1,320,000 $660,000 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    73.24%

    American Heritage Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    79.93%

    American Heritage Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 269 $42,435,000 $157,751

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $870,000 $217,500
    Single Family (1-4 Units):Manufactured 9 $625,000 $69,444
    Single Family (1-4 Units):Site-Built 256 $40,940,000 $159,922

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    American Heritage Capital, LP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    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 $50,682
    American Heritage Bank 113 W Allen Kellyville, OK 74039 Full Service B&M $22,435
    American Heritage Bank 12120 South Vancouver Avenue Sapulpa, OK 74066 Full Service B&M $16,743
    American Heritage Bank 1303 Commercial Street Mounds, OK 74047 Full Service B&M $18,770
    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 $282,747
    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 $46,282
    American Heritage Bank 220 S. Adams Road Sand Springs, OK 74063 Full Service B&M $37,270
    American Heritage Bank 239 East Main Street Pawhuska, OK 74056 Full Service B&M $109,311
    American Heritage Bank 30021 W Hwy 51 Mannford, OK 74044 Limited, Drive-thru $2,242
    American Heritage Bank 301 North Choctaw Beggs, OK 74421 Full Service B&M $20,838
    American Heritage Bank 318 South Broadway Street Cleveland, OK 74020 Full Service B&M $31,658
    American Heritage Bank 3309 East Frank Phillips Boulevard Bartlesville, OK 74006 Full Service B&M $35,492
    American Heritage Bank 3801 South 113th West Avenue Sand Springs, OK 74063 Full Service B&M $56,986
    American Heritage Bank 400 West Main Street Barnsdall, OK 74002 Full Service B&M $11,149
    American Heritage Bank 408 E. Cimarron Mannford, OK 74044 Full Service B&M $62,310
    American Heritage Bank 501 East Indiana Avenue Kiefer, OK 74041 Full Service B&M $16,719
    American Heritage Bank 6136 West 41st Street Tulsa, OK 74107 Full Service B&M $19,895
    American Heritage Bank 620 South Mission Street Sapulpa, OK 74066 Limited, Drive-thru $13,114
    American Heritage Bank 7042 South Union Avenue Tulsa, OK 74132 Full Service B&M $42,608
    American Heritage Bank 8120 S. Yale Avenue Tulsa, OK 74137 Full Service B&M $12,493

    For 2019, American Heritage Bank had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $42,122
    Net interest income $32,808
    Total noninterest income $8,903
    Gross Fiduciary activities income $237
    Service charges on deposit accounts $4,132
    Trading account gains and fees $0
    Additional Noninterest Income $4,534
    Pre-tax net operating income $12,083
    Securities gains (or losses, -) $36
    Income before extraordinary items $11,827
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,827
    Minority interest net income $0
    Net income $11,827
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,791

    American Heritage Bank's gross interest income from loans was $42,122,000.
    American Heritage Bank's net interest income from loans was $32,808,000.
    American Heritage Bank's fee based income from loans was $4,132,000.
    American Heritage Bank's net income from loans was $11,827,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,314
    Provision for credit losses $450
    Total noninterest expense $29,178
    Salaries and employee benefits $17,450
    Premises and equipment expense $4,025
    Additional noninterest expense $7,703
    Applicable income taxes $292
    Net charge-offs $355
    Cash dividends $11,048

    American Heritage Bank's interest expense for loans was $9,314,000.
    American Heritage Bank's payroll and benefits expense were $17,450,000.
    American Heritage Bank's property, plant and equipment expenses $4,025,000.

    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 1.0%
    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 $925,893
    Deposits held in domestic offices $925,893
    Deposits by Individuals, partnerships, and corporations $755,835
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $170,058
    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 $78,667
    Demand deposits $52,070
    Nontransaction accounts $847,226
    Money market deposit accounts (MMDAs) $24,219
    Other savings deposits (excluding MMDAs) $610,688
    Total time deposits $212,319
    Total time and savings deposits $873,823
    Noninterest-bearing deposits $213,672
    Interest-bearing deposits $712,221
    Retail deposits $847,518
    IRAs and Keogh plan accounts $51,313
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,149,364
    Cash & Balances due from depository institutions $49,022
    Interest-bearing balances $38,546
    Total securities $592,817
    Federal funds sold & reverse repurchase $350
    Net loans and leases $463,137
    Loan and leases loss allowance $6,311
    Trading account assets $0
    Bank premises and fixed assets $18,372
    Other real estate owned $280
    Goodwill and other intangibles $7,968
    All other assets $17,418

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,149,364
    Total Liabilities $1,040,996
    Total deposits $925,893
    Interest-bearing deposits $712,221
    Deposits held in domestic offices $925,893
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $109,978
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,125

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $463,137
    Loan and leases loss allowance $6,311
    Total loans and leases (domestic) $469,448
    All real estate loans $343,857
    Real estate loans in domestic offices $343,857
    Construction and development loans $22,358
    Residential 1-4 family construction $12,084
    Other construction, all land development and other land $10,274
    Loans secured by nonfarm nonresidential properties $134,319
    Nonfarm nonresidential secured by owner-occupied properties $53,909
    Commercial real estate & other non-farm, non-residential $80,410
    Multifamily residential real estate $14,179
    1-4 family residential loans $166,978
    Farmland loans $6,023
    Loans held in foreign offices $0
    Farm loans $3,027
    Commercial and industrial loans $61,877
    To non-U.S. addressees $0
    Loans to individuals $31,291
    Credit card loans $1,006
    Related Plans $0
    Consumer Auto Loans $9,138
    Other loans to individuals $21,147
    All other loans & leases $29,396
    Loans to foreign governments and official institutions $0
    Other loans $309
    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 $683
    Non 1-4 family restructured loans & leases $473
    Total loans and leases (foreign) $0

    American Heritage Bank had $463,137,000 of loans outstanding in 2019. $343,857,000 of loans were in real estate loans. $22,358,000 of loans were in development loans. $14,179,000 of loans were in multifamily mortgage loans. $166,978,000 of loans were in 1-4 family mortgage loans. $3,027,000 of loans were in farm loans. $1,006,000 of loans were in credit card loans. $9,138,000 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 219 $29,874 $136,411
    Nonfarm, nonresidential loans - <$100k 81 $3,022 $37,309
    Nonfarm, nonresidential loans - $100-250k 74 $8,525 $115,203
    Nonfarm, nonresidential loans - $250k-1MM 64 $18,327 $286,359
    Commercial & Industrial, US addressed loans - <$1MM 899 $35,899 $39,932
    Commercial & Industrial, US addressed loans - <$100k 778 $14,336 $18,427
    Commercial & Industrial, US addressed loans - $100-250k 69 $6,436 $93,275
    Commercial & Industrial, US addressed loans - $250k-1MM 52 $15,127 $290,904
    Farmland loans - <$1MM 66 $5,365 $81,288
    Farmland loans - <$100k 42 $1,220 $29,048
    Farmland loans - $100-250k 15 $1,567 $104,467
    Farmland loans - $250k-1MM 9 $2,578 $286,444
    Agriculture operations loans - <$1MM 168 $3,027 $18,018
    Agriculture operations loans - <$100k 156 $2,157 $13,827
    Agriculture operations loans - $100-250k 11 $770 $70,000
    Agriculture operations loans - $250k-1MM 1 $100 $100,000