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 Ponca City 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)

    $44,720,000

    Employee count

    286

    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) 232 $37,880,000 $163,276 $0 0.00%
    Bartlesville, OK (FHA|USDA|VA) 24 $3,520,000 $146,667 $0 0.00%
    Outside of Metro Areas 6 $1,680,000 $280,000 $0 0.00%
    Stillwater, OK (FHA|USDA|VA) 7 $835,000 $119,286 $0 0.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $615,000 $205,000 $0 0.00%
    Ponca City, OK (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Weatherford, OK (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    American Heritage Bank's top markets include Tulsa, Bartlesville, Stillwater, Oklahoma City, and Ponca City 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 $44,720,000 $163,212 $0 0.00%

    For 2020, 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 152 $24,020,000 $158,026 $0 0.00%
    Refi 107 $18,645,000 $174,252 $0 0.00%
    Home Improvement 13 $1,735,000 $133,462 $0 0.00%
    Other 2 $320,000 $160,000 $0 0.00%

    For 2020, American Heritage Bank's most frequently cited loan purpose was Home Purchase, with 152 originations. The 2nd most popular reason was Refi, with 107 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 274 $44,720,000 $163,212 $0 0.00%

    For 2020, 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 104 $6,290,000 $60,481 $0 0.00%
    $100k-200k 93 $13,305,000 $143,065 $0 0.00%
    $200k-400k 63 $15,715,000 $249,444 $0 0.00%
    $400k-600k 9 $4,125,000 $458,333 $0 0.00%
    $600k-1MM 3 $2,475,000 $825,000 $0 0.00%
    $1MM+ 2 $2,810,000 $1,405,000 $0 0.00%

    2020 saw American Heritage Bank place emphasis on $100,000 or less loans with 104 originations, totaling $6,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 56 $6,080,000 $108,571 $0 0.00%
    $100k-150k 40 $6,800,000 $170,000 $0 0.00%
    $75k-100k 40 $6,740,000 $168,500 $0 0.00%
    $50k or less 36 $3,260,000 $90,556 $0 0.00%
    $150k-250k 29 $6,255,000 $215,690 $0 0.00%
    $250k+ 16 $8,310,000 $519,375 $0 0.00%

    American Heritage Bank lent most frequently to those with incomes in the $50k-75k range, with 56 originations. The second most popular income band? $100k-150k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 274 $44,720,000 $163,212 $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 203 $36,115,000 $177,906 $0 0.00%
    American Indian 27 $4,035,000 $149,444 $0 0.00%
    Not applicable 38 $3,410,000 $89,737 $0 0.00%
    Not provided 4 $1,060,000 $265,000 $0 0.00%
    Black 2 $100,000 $50,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    75.27%

    American Heritage Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    72.63%

    American Heritage Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 274 $44,720,000 $163,212

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $105,000 $105,000
    Multifamily:Site-Built 3 $985,000 $328,333
    Single Family (1-4 Units):Manufactured 8 $430,000 $53,750
    Single Family (1-4 Units):Site-Built 262 $43,200,000 $164,885

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    AMERICAN BANCSHARES MORTGAGE, LLC FHA mortgage Closing on a mortgage 1 50.0%
    AMERICAN BANCSHARES MORTGAGE, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%

    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 $57,303
    American Heritage Bank 113 W Allen Kellyville, OK 74039 Full Service B&M $23,794
    American Heritage Bank 12120 South Vancouver Avenue Sapulpa, OK 74066 Full Service B&M $16,219
    American Heritage Bank 1303 Commercial Street Mounds, OK 74047 Full Service B&M $19,603
    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 $325,354
    American Heritage Bank 202 North Main Street Yale, OK 74085 Full Service B&M $45,621
    American Heritage Bank 220 S. Adams Road Sand Springs, OK 74063 Full Service B&M $43,080
    American Heritage Bank 239 East Main Street Pawhuska, OK 74056 Full Service B&M $123,814
    American Heritage Bank 30021 W Hwy 51 Mannford, OK 74044 Limited, Drive-thru $2,618
    American Heritage Bank 301 North Choctaw Beggs, OK 74421 Full Service B&M $23,964
    American Heritage Bank 318 South Broadway Street Cleveland, OK 74020 Full Service B&M $35,110
    American Heritage Bank 3309 East Frank Phillips Boulevard Bartlesville, OK 74006 Full Service B&M $37,164
    American Heritage Bank 3801 South 113th West Avenue Sand Springs, OK 74063 Full Service B&M $60,712
    American Heritage Bank 400 West Main Street Barnsdall, OK 74002 Full Service B&M $12,239
    American Heritage Bank 408 E. Cimarron Mannford, OK 74044 Full Service B&M $72,585
    American Heritage Bank 501 East Indiana Avenue Kiefer, OK 74041 Full Service B&M $17,934
    American Heritage Bank 6136 West 41st Street Tulsa, OK 74107 Full Service B&M $23,412
    American Heritage Bank 620 South Mission Street Sapulpa, OK 74066 Limited, Drive-thru $15,344
    American Heritage Bank 7042 South Union Avenue Tulsa, OK 74132 Full Service B&M $45,939
    American Heritage Bank 8120 S. Yale Avenue Tulsa, OK 74137 Full Service B&M $14,384

    For 2020, American Heritage Bank had 22 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $45,880
    Net interest income $39,564
    Total noninterest income $9,090
    Gross Fiduciary activities income $231
    Service charges on deposit accounts $3,553
    Trading account gains and fees $0
    Additional Noninterest Income $5,306
    Pre-tax net operating income $13,030
    Securities gains (or losses, -) $1,631
    Income before extraordinary items $13,937
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $13,937
    Minority interest net income $0
    Net income $13,937
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,387

    American Heritage Bank's gross interest income from loans was $45,880,000.
    American Heritage Bank's net interest income from loans was $39,564,000.
    American Heritage Bank's fee based income from loans was $3,553,000.
    American Heritage Bank's net income from loans was $13,937,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,316
    Provision for credit losses $2,675
    Total noninterest expense $32,949
    Salaries and employee benefits $19,554
    Premises and equipment expense $4,443
    Additional noninterest expense $8,952
    Applicable income taxes $724
    Net charge-offs $488
    Cash dividends $4,100

    American Heritage Bank's interest expense for loans was $6,316,000.
    American Heritage Bank's payroll and benefits expense were $19,554,000.
    American Heritage Bank's property, plant and equipment expenses $4,443,000.

    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 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,185,046
    Deposits held in domestic offices $1,185,046
    Deposits by Individuals, partnerships, and corporations $956,364
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $228,682
    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 $104,260
    Demand deposits $70,470
    Nontransaction accounts $1,080,786
    Money market deposit accounts (MMDAs) $36,087
    Other savings deposits (excluding MMDAs) $816,984
    Total time deposits $227,715
    Total time and savings deposits $1,114,576
    Noninterest-bearing deposits $317,239
    Interest-bearing deposits $867,807
    Retail deposits $1,092,224
    IRAs and Keogh plan accounts $52,954
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,469,216
    Cash & Balances due from depository institutions $71,150
    Interest-bearing balances $55,957
    Total securities $813,758
    Federal funds sold & reverse repurchase $444
    Net loans and leases $526,973
    Loan and leases loss allowance $9,197
    Trading account assets $0
    Bank premises and fixed assets $22,219
    Other real estate owned $305
    Goodwill and other intangibles $13,630
    All other assets $20,737

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,469,216
    Total Liabilities $1,321,326
    Total deposits $1,185,046
    Interest-bearing deposits $867,807
    Deposits held in domestic offices $1,185,046
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $131,335
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,945

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $526,973
    Loan and leases loss allowance $9,197
    Total loans and leases (domestic) $536,170
    All real estate loans $381,632
    Real estate loans in domestic offices $381,632
    Construction and development loans $18,622
    Residential 1-4 family construction $10,664
    Other construction, all land development and other land $7,958
    Loans secured by nonfarm nonresidential properties $170,868
    Nonfarm nonresidential secured by owner-occupied properties $74,821
    Commercial real estate & other non-farm, non-residential $96,047
    Multifamily residential real estate $12,478
    1-4 family residential loans $173,058
    Farmland loans $6,606
    Loans held in foreign offices $0
    Farm loans $2,052
    Commercial and industrial loans $90,786
    To non-U.S. addressees $0
    Loans to individuals $29,674
    Credit card loans $995
    Related Plans $0
    Consumer Auto Loans $12,392
    Other loans to individuals $16,287
    All other loans & leases $32,026
    Loans to foreign governments and official institutions $0
    Other loans $1,187
    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 $491
    Non 1-4 family restructured loans & leases $468
    Total loans and leases (foreign) $0

    American Heritage Bank had $526,973,000 of loans outstanding in 2020. $381,632,000 of loans were in real estate loans. $18,622,000 of loans were in development loans. $12,478,000 of loans were in multifamily mortgage loans. $173,058,000 of loans were in 1-4 family mortgage loans. $2,052,000 of loans were in farm loans. $995,000 of loans were in credit card loans. $12,392,000 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 246 $38,678 $157,228
    Nonfarm, nonresidential loans - <$100k 77 $3,095 $40,195
    Nonfarm, nonresidential loans - $100-250k 88 $9,483 $107,761
    Nonfarm, nonresidential loans - $250k-1MM 81 $26,100 $322,222
    Commercial & Industrial, US addressed loans - <$1MM 1,181 $58,331 $49,391
    Commercial & Industrial, US addressed loans - <$100k 982 $20,131 $20,500
    Commercial & Industrial, US addressed loans - $100-250k 113 $11,774 $104,195
    Commercial & Industrial, US addressed loans - $250k-1MM 86 $26,426 $307,279
    Farmland loans - <$1MM 67 $5,428 $81,015
    Farmland loans - <$100k 42 $1,263 $30,071
    Farmland loans - $100-250k 16 $1,711 $106,938
    Farmland loans - $250k-1MM 9 $2,454 $272,667
    Agriculture operations loans - <$1MM 138 $2,052 $14,870
    Agriculture operations loans - <$100k 129 $1,668 $12,930
    Agriculture operations loans - $100-250k 8 $283 $35,375
    Agriculture operations loans - $250k-1MM 1 $101 $101,000