Heartland National Bank Mortgage Rates, Fees & Info

Sebring, FL

LEI: 5493008CIXOTKUFPFW43

Tax ID: 59-3584666

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Mortgage Data

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

    Heartland National Bank is a smaller bank specializing in Home Purchase loans. Heartland National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sebring, Lakeland, Sebastian, Punta Gorda, and Wauchula among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Heartland National 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

    208

    Origination Dollar Volume (All Markets)

    $26,390,000

    Employee count

    58

    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
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 193 $23,045,000 $119,404 $0 0.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 7 $865,000 $123,571 $0 0.00%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $555,000 $555,000 $0 0.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $520,000 $260,000 $0 0.00%
    Wauchula, FL (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    OCALA, FL (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    Outside of Metro Areas 1 $305,000 $305,000 $0 0.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Heartland National Bank's top markets include Sebring, Lakeland, Sebastian, Punta Gorda, and Wauchula among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 208 $26,390,000 $126,875 $0 0.00%

    For 2018, Heartland National Bank's most frequently originated type of loan was Conventional, with 208 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 149 $20,195,000 $135,537 $0 0.00%
    Cash Out Refi 20 $2,910,000 $145,500 $0 0.00%
    Other 18 $1,370,000 $76,111 $0 0.00%
    Home Improvement 14 $910,000 $65,000 $0 0.00%
    Refi 7 $1,005,000 $143,571 $0 0.00%

    For 2018, Heartland National Bank's most frequently cited loan purpose was Home Purchase, with 149 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 208 $26,390,000 $126,875 $0 0.00%

    For 2018, Heartland National Bank's most frequently cited loan duration was Other, with 208 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 106 $6,390,000 $60,283 $0 0.00%
    $100k-200k 66 $9,120,000 $138,182 $0 0.00%
    $200k-400k 30 $7,800,000 $260,000 $0 0.00%
    $400k-600k 5 $2,405,000 $481,000 $0 0.00%
    $600k-1MM 1 $675,000 $675,000 $0 0.00%

    2018 saw Heartland National Bank place emphasis on $100,000 or less loans with 106 originations, totaling $6,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 61 $6,905,000 $113,197 $0 0.00%
    $50k or less 50 $3,650,000 $73,000 $0 0.00%
    $100k-150k 29 $4,825,000 $166,379 $0 0.00%
    $75k-100k 29 $3,235,000 $111,552 $0 0.00%
    $150k-250k 19 $2,425,000 $127,632 $0 0.00%
    $250k+ 15 $4,295,000 $286,333 $0 0.00%

    Heartland National Bank lent most frequently to those with incomes in the $50k-75k range, with 61 originations. The second most popular income band? $50k or less, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 208 $26,390,000 $126,875 $0 0.00%

    Heartland National Bank lent most frequently to those with DTI ratios of Exempt%, with 208 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 189 $22,425,000 $118,651 $0 0.00%
    Not provided 9 $1,875,000 $208,333 $0 0.00%
    Not applicable 4 $1,040,000 $260,000 $0 0.00%
    Black 3 $815,000 $271,667 $0 0.00%
    Asian 2 $210,000 $105,000 $0 0.00%
    American Indian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.56%

    Heartland National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    63.94%

    Heartland National Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 208 $26,390,000 $126,875

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $650,000 $325,000
    Single Family (1-4 Units):Manufactured 22 $1,130,000 $51,364
    Single Family (1-4 Units):Site-Built 184 $24,610,000 $133,750

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Heartland National Bank 320 U.S. Highway 27 North Sebring, FL 33870 Full Service B&M $137,047
    Heartland National Bank 5033 U S Hwy 27 N Sebring, FL 33870 Full Service B&M $24,524
    Heartland National Bank 600 U.S. Highway 27 North Lake Placid, FL 33852 Full Service B&M $126,871
    Heartland National Bank 800 West Main Street Avon Park, FL 33825 Full Service B&M $65,144

    For 2018, Heartland National Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,578
    Net interest income $11,689
    Total noninterest income $1,527
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $314
    Trading account gains and fees $0
    Additional Noninterest Income $1,213
    Pre-tax net operating income $6,208
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,683
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,683
    Minority interest net income $0
    Net income $4,683
    Sale, conversion, retirement of capital stock, net $121
    Net operating income $4,683

    Heartland National Bank's gross interest income from loans was $12,578,000.
    Heartland National Bank's net interest income from loans was $11,689,000.
    Heartland National Bank's fee based income from loans was $314,000.
    Heartland National Bank's net income from loans was $4,683,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $889
    Provision for credit losses $8
    Total noninterest expense $7,000
    Salaries and employee benefits $3,892
    Premises and equipment expense $658
    Additional noninterest expense $2,450
    Applicable income taxes $1,525
    Net charge-offs $-68
    Cash dividends $2,274

    Heartland National Bank's interest expense for loans was $889,000.
    Heartland National Bank's payroll and benefits expense were $3,892,000.
    Heartland National Bank's property, plant and equipment expenses $658,000.

    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 $334,927
    Deposits held in domestic offices $334,927
    Deposits by Individuals, partnerships, and corporations $314,092
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,835
    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 $163,868
    Demand deposits $73,236
    Nontransaction accounts $171,059
    Money market deposit accounts (MMDAs) $65,666
    Other savings deposits (excluding MMDAs) $50,748
    Total time deposits $54,645
    Total time and savings deposits $261,691
    Noninterest-bearing deposits $73,236
    Interest-bearing deposits $261,690
    Retail deposits $325,668
    IRAs and Keogh plan accounts $9,075
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $380,287
    Cash & Balances due from depository institutions $100,655
    Interest-bearing balances $94,492
    Total securities $104,518
    Federal funds sold & reverse repurchase $0
    Net loans and leases $159,278
    Loan and leases loss allowance $2,336
    Trading account assets $0
    Bank premises and fixed assets $4,296
    Other real estate owned $42
    Goodwill and other intangibles $0
    All other assets $11,498

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $380,287
    Total Liabilities $345,231
    Total deposits $334,927
    Interest-bearing deposits $261,690
    Deposits held in domestic offices $334,927
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $6,858
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,446

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $159,278
    Loan and leases loss allowance $2,336
    Total loans and leases (domestic) $161,614
    All real estate loans $124,136
    Real estate loans in domestic offices $124,136
    Construction and development loans $9,007
    Residential 1-4 family construction $3,850
    Other construction, all land development and other land $5,157
    Loans secured by nonfarm nonresidential properties $48,102
    Nonfarm nonresidential secured by owner-occupied properties $29,827
    Commercial real estate & other non-farm, non-residential $18,275
    Multifamily residential real estate $2,471
    1-4 family residential loans $43,278
    Farmland loans $21,278
    Loans held in foreign offices $0
    Farm loans $20,469
    Commercial and industrial loans $9,930
    To non-U.S. addressees $0
    Loans to individuals $6,477
    Credit card loans $0
    Related Plans $2,245
    Consumer Auto Loans $2,138
    Other loans to individuals $2,094
    All other loans & leases $601
    Loans to foreign governments and official institutions $0
    Other loans $23
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Heartland National Bank had $159,278,000 of loans outstanding in 2018. $124,136,000 of loans were in real estate loans. $9,007,000 of loans were in development loans. $2,471,000 of loans were in multifamily mortgage loans. $43,278,000 of loans were in 1-4 family mortgage loans. $20,469,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,138,000 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 162 $29,669 $183,142
    Nonfarm, nonresidential loans - <$100k 32 $1,224 $38,250
    Nonfarm, nonresidential loans - $100-250k 63 $6,911 $109,698
    Nonfarm, nonresidential loans - $250k-1MM 67 $21,534 $321,403
    Commercial & Industrial, US addressed loans - <$1MM 208 $7,796 $37,481
    Commercial & Industrial, US addressed loans - <$100k 162 $3,409 $21,043
    Commercial & Industrial, US addressed loans - $100-250k 31 $2,157 $69,581
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $2,230 $148,667
    Farmland loans - <$1MM 53 $5,506 $103,887
    Farmland loans - <$100k 21 $982 $46,762
    Farmland loans - $100-250k 23 $2,708 $117,739
    Farmland loans - $250k-1MM 9 $1,816 $201,778
    Agriculture operations loans - <$1MM 85 $8,350 $98,235
    Agriculture operations loans - <$100k 39 $1,458 $37,385
    Agriculture operations loans - $100-250k 27 $3,632 $134,519
    Agriculture operations loans - $250k-1MM 19 $3,260 $171,579