Heartland National Bank Mortgage Rates, Fees & Info

Sebring, FL

LEI: 5493008CIXOTKUFPFW43

Tax ID: 59-3584666

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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, Wauchula, Cape Coral, Sebastian, and Lakeland among others. We have data for 7 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    220

    Origination Dollar Volume (All Markets)

    $30,220,000

    Employee count

    60

    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) 207 $27,995,000 $135,242 $0 0.00%
    Wauchula, FL (FHA|USDA|VA) 4 $590,000 $147,500 $0 0.00%
    Outside of Metro Areas 2 $480,000 $240,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $315,000 $105,000 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Heartland National Bank's top markets include Sebring, Wauchula, Cape Coral, Sebastian, and Lakeland among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 220 $30,220,000 $137,364 $0 0.00%

    For 2019, Heartland National Bank's most frequently originated type of loan was Conventional, with 220 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 155 $22,645,000 $146,097 $0 0.00%
    Cash Out Refi 24 $3,850,000 $160,417 $0 0.00%
    Home Improvement 18 $1,180,000 $65,556 $0 0.00%
    Other 15 $1,755,000 $117,000 $0 0.00%
    Refi 8 $790,000 $98,750 $0 0.00%

    For 2019, Heartland National Bank's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 220 $30,220,000 $137,364 $0 0.00%

    For 2019, Heartland National Bank's most frequently cited loan duration was Other, with 220 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 97 $5,445,000 $56,134 $0 0.00%
    $100k-200k 75 $10,745,000 $143,267 $0 0.00%
    $200k-400k 43 $11,285,000 $262,442 $0 0.00%
    $400k-600k 3 $1,345,000 $448,333 $0 0.00%
    $600k-1MM 2 $1,400,000 $700,000 $0 0.00%

    2019 saw Heartland National Bank place emphasis on $100,000 or less loans with 97 originations, totaling $5,445,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 55 $3,805,000 $69,182 $0 0.00%
    $50k-75k 49 $5,045,000 $102,959 $0 0.00%
    $100k-150k 32 $6,180,000 $193,125 $0 0.00%
    $75k-100k 26 $3,750,000 $144,231 $0 0.00%
    $150k-250k 21 $3,565,000 $169,762 $0 0.00%
    $250k+ 17 $5,445,000 $320,294 $0 0.00%

    Heartland National Bank lent most frequently to those with incomes in the $50k or less range, with 55 originations. The second most popular income band? $50k-75k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 220 $30,220,000 $137,364 $0 0.00%

    Heartland National Bank lent most frequently to those with DTI ratios of Exempt%, with 220 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 197 $27,315,000 $138,655 $0 0.00%
    Not applicable 15 $1,695,000 $113,000 $0 0.00%
    Not provided 5 $705,000 $141,000 $0 0.00%
    Black 3 $505,000 $168,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.24%

    Heartland National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    69.09%

    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 220 $30,220,000 $137,364

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $815,000 $271,667
    Single Family (1-4 Units):Manufactured 20 $790,000 $39,500
    Single Family (1-4 Units):Site-Built 197 $28,615,000 $145,254

    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 $145,718
    Heartland National Bank 5033 U S Hwy 27 N Sebring, FL 33870 Full Service B&M $26,076
    Heartland National Bank 600 U.S. Highway 27 North Lake Placid, FL 33852 Full Service B&M $118,679
    Heartland National Bank 800 West Main Street Avon Park, FL 33825 Full Service B&M $71,097

    For 2019, Heartland National Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,905
    Net interest income $12,497
    Total noninterest income $1,828
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $334
    Trading account gains and fees $0
    Additional Noninterest Income $1,494
    Pre-tax net operating income $6,863
    Securities gains (or losses, -) $1
    Income before extraordinary items $5,168
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,168
    Minority interest net income $0
    Net income $5,168
    Sale, conversion, retirement of capital stock, net $131
    Net operating income $5,167

    Heartland National Bank's gross interest income from loans was $13,905,000.
    Heartland National Bank's net interest income from loans was $12,497,000.
    Heartland National Bank's fee based income from loans was $334,000.
    Heartland National Bank's net income from loans was $5,168,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,408
    Provision for credit losses $0
    Total noninterest expense $7,462
    Salaries and employee benefits $4,166
    Premises and equipment expense $694
    Additional noninterest expense $2,602
    Applicable income taxes $1,696
    Net charge-offs $-63
    Cash dividends $2,651

    Heartland National Bank's interest expense for loans was $1,408,000.
    Heartland National Bank's payroll and benefits expense were $4,166,000.
    Heartland National Bank's property, plant and equipment expenses $694,000.

    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 $361,910
    Deposits held in domestic offices $361,910
    Deposits by Individuals, partnerships, and corporations $341,933
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $19,977
    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 $176,999
    Demand deposits $85,625
    Nontransaction accounts $184,911
    Money market deposit accounts (MMDAs) $74,738
    Other savings deposits (excluding MMDAs) $54,477
    Total time deposits $55,696
    Total time and savings deposits $276,285
    Noninterest-bearing deposits $85,625
    Interest-bearing deposits $276,285
    Retail deposits $352,441
    IRAs and Keogh plan accounts $8,887
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $411,250
    Cash & Balances due from depository institutions $138,528
    Interest-bearing balances $134,538
    Total securities $95,541
    Federal funds sold & reverse repurchase $0
    Net loans and leases $161,975
    Loan and leases loss allowance $2,399
    Trading account assets $0
    Bank premises and fixed assets $4,198
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $11,008

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $411,250
    Total Liabilities $372,040
    Total deposits $361,910
    Interest-bearing deposits $276,285
    Deposits held in domestic offices $361,910
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $6,618
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,512

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $161,975
    Loan and leases loss allowance $2,399
    Total loans and leases (domestic) $164,374
    All real estate loans $129,575
    Real estate loans in domestic offices $129,575
    Construction and development loans $12,497
    Residential 1-4 family construction $5,127
    Other construction, all land development and other land $7,370
    Loans secured by nonfarm nonresidential properties $48,951
    Nonfarm nonresidential secured by owner-occupied properties $30,408
    Commercial real estate & other non-farm, non-residential $18,543
    Multifamily residential real estate $1,837
    1-4 family residential loans $45,589
    Farmland loans $20,701
    Loans held in foreign offices $0
    Farm loans $16,318
    Commercial and industrial loans $9,109
    To non-U.S. addressees $0
    Loans to individuals $7,172
    Credit card loans $0
    Related Plans $2,187
    Consumer Auto Loans $1,874
    Other loans to individuals $3,111
    All other loans & leases $2,200
    Loans to foreign governments and official institutions $0
    Other loans $22
    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 $161,975,000 of loans outstanding in 2019. $129,575,000 of loans were in real estate loans. $12,497,000 of loans were in development loans. $1,837,000 of loans were in multifamily mortgage loans. $45,589,000 of loans were in 1-4 family mortgage loans. $16,318,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,874,000 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 170 $31,381 $184,594
    Nonfarm, nonresidential loans - <$100k 36 $1,318 $36,611
    Nonfarm, nonresidential loans - $100-250k 66 $7,576 $114,788
    Nonfarm, nonresidential loans - $250k-1MM 68 $22,487 $330,691
    Commercial & Industrial, US addressed loans - <$1MM 220 $7,306 $33,209
    Commercial & Industrial, US addressed loans - <$100k 170 $3,514 $20,671
    Commercial & Industrial, US addressed loans - $100-250k 32 $1,666 $52,063
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $2,126 $118,111
    Farmland loans - <$1MM 53 $5,405 $101,981
    Farmland loans - <$100k 19 $617 $32,474
    Farmland loans - $100-250k 26 $3,347 $128,731
    Farmland loans - $250k-1MM 8 $1,441 $180,125
    Agriculture operations loans - <$1MM 89 $7,973 $89,584
    Agriculture operations loans - <$100k 38 $1,468 $38,632
    Agriculture operations loans - $100-250k 33 $4,071 $123,364
    Agriculture operations loans - $250k-1MM 18 $2,434 $135,222