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

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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, Wauchula, Tampa, Key West, and North Port among others. We have data for 6 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

    186

    Origination Dollar Volume (All Markets)

    $32,940,000

    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) 178 $30,100,000 $169,101 $0 0.00%
    Wauchula, FL (FHA|USDA|VA) 3 $825,000 $275,000 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $590,000 $295,000 $0 0.00%
    Key West, FL (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    Heartland National Bank's top markets include Sebring, Wauchula, Tampa, Key West, and North Port among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 186 $32,940,000 $177,097 $0 0.00%

    For 2021, Heartland National Bank's most frequently originated type of loan was Conventional, with 186 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 113 $21,825,000 $193,142 $0 0.00%
    Cash Out Refi 35 $5,735,000 $163,857 $0 0.00%
    Refi 17 $3,665,000 $215,588 $0 0.00%
    Home Improvement 11 $575,000 $52,273 $0 0.00%
    Other 10 $1,140,000 $114,000 $0 0.00%

    For 2021, Heartland National Bank's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 186 $32,940,000 $177,097 $0 0.00%

    For 2021, Heartland National Bank's most frequently cited loan duration was Other, with 186 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 81 $11,915,000 $147,099 $0 0.00%
    $200k-400k 49 $13,565,000 $276,837 $0 0.00%
    $100,000 or less 46 $2,540,000 $55,217 $0 0.00%
    $400k-600k 9 $4,175,000 $463,889 $0 0.00%
    $600k-1MM 1 $745,000 $745,000 $0 0.00%

    2021 saw Heartland National Bank place emphasis on $100k-200k loans with 81 originations, totaling $11,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 44 $6,350,000 $144,318 $0 0.00%
    $75k-100k 44 $7,930,000 $180,227 $0 0.00%
    $50k or less 32 $3,250,000 $101,563 $0 0.00%
    $100k-150k 24 $4,970,000 $207,083 $0 0.00%
    $150k-250k 18 $4,880,000 $271,111 $0 0.00%
    $250k+ 13 $3,645,000 $280,385 $0 0.00%

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

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 186 $32,940,000 $177,097 $0 0.00%

    Heartland National Bank lent most frequently to those with DTI ratios of Exempt%, with 186 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 169 $29,395,000 $173,935 $0 0.00%
    Not provided 5 $1,595,000 $319,000 $0 0.00%
    Not applicable 6 $1,100,000 $183,333 $0 0.00%
    Black 4 $530,000 $132,500 $0 0.00%
    Asian 2 $320,000 $160,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.75%

    Heartland National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    60.22%

    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 186 $32,940,000 $177,097

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    186 $32,940,000 $177,097

    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 $222,394
    Heartland National Bank 5033 U S Hwy 27 N Sebring, FL 33870 Full Service B&M $40,098
    Heartland National Bank 600 U.S. Highway 27 North Lake Placid, FL 33852 Full Service B&M $185,414
    Heartland National Bank 800 West Main Street Avon Park, FL 33825 Full Service B&M $140,827

    For 2021, Heartland National Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,064
    Net interest income $10,347
    Total noninterest income $2,063
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $275
    Trading account gains and fees $0
    Additional Noninterest Income $1,788
    Pre-tax net operating income $4,013
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,073
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,073
    Minority interest net income $0
    Net income $3,073
    Sale, conversion, retirement of capital stock, net $139
    Net operating income $3,073

    Heartland National Bank's gross interest income from loans was $11,064,000.
    Heartland National Bank's net interest income from loans was $10,347,000.
    Heartland National Bank's fee based income from loans was $275,000.
    Heartland National Bank's net income from loans was $3,073,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $717
    Provision for credit losses $-41
    Total noninterest expense $8,438
    Salaries and employee benefits $4,461
    Premises and equipment expense $606
    Additional noninterest expense $3,371
    Applicable income taxes $940
    Net charge-offs $67
    Cash dividends $382

    Heartland National Bank's interest expense for loans was $717,000.
    Heartland National Bank's payroll and benefits expense were $4,461,000.
    Heartland National Bank's property, plant and equipment expenses $606,000.

    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 $606,537
    Deposits held in domestic offices $606,537
    Deposits by Individuals, partnerships, and corporations $583,124
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,413
    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 $324,073
    Demand deposits $137,394
    Nontransaction accounts $282,464
    Money market deposit accounts (MMDAs) $128,876
    Other savings deposits (excluding MMDAs) $89,016
    Total time deposits $64,574
    Total time and savings deposits $469,143
    Noninterest-bearing deposits $137,394
    Interest-bearing deposits $469,142
    Retail deposits $592,310
    IRAs and Keogh plan accounts $9,688
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $658,568
    Cash & Balances due from depository institutions $286,143
    Interest-bearing balances $282,412
    Total securities $209,967
    Federal funds sold & reverse repurchase $0
    Net loans and leases $146,888
    Loan and leases loss allowance $2,379
    Trading account assets $0
    Bank premises and fixed assets $3,918
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $11,652

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $658,568
    Total Liabilities $610,375
    Total deposits $606,537
    Interest-bearing deposits $469,142
    Deposits held in domestic offices $606,537
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,838

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $146,888
    Loan and leases loss allowance $2,379
    Total loans and leases (domestic) $149,267
    All real estate loans $114,788
    Real estate loans in domestic offices $114,788
    Construction and development loans $11,252
    Residential 1-4 family construction $3,886
    Other construction, all land development and other land $7,366
    Loans secured by nonfarm nonresidential properties $46,668
    Nonfarm nonresidential secured by owner-occupied properties $27,471
    Commercial real estate & other non-farm, non-residential $19,197
    Multifamily residential real estate $3,089
    1-4 family residential loans $37,806
    Farmland loans $15,973
    Loans held in foreign offices $0
    Farm loans $12,965
    Commercial and industrial loans $14,519
    To non-U.S. addressees $0
    Loans to individuals $5,118
    Credit card loans $0
    Related Plans $1,595
    Consumer Auto Loans $848
    Other loans to individuals $2,675
    All other loans & leases $1,877
    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 $146,888,000 of loans outstanding in 2021. $114,788,000 of loans were in real estate loans. $11,252,000 of loans were in development loans. $3,089,000 of loans were in multifamily mortgage loans. $37,806,000 of loans were in 1-4 family mortgage loans. $12,965,000 of loans were in farm loans. $0 of loans were in credit card loans. $848,000 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 160 $30,588 $191,175
    Nonfarm, nonresidential loans - <$100k 29 $1,112 $38,345
    Nonfarm, nonresidential loans - $100-250k 63 $6,540 $103,810
    Nonfarm, nonresidential loans - $250k-1MM 68 $22,936 $337,294
    Commercial & Industrial, US addressed loans - <$1MM 252 $9,858 $39,119
    Commercial & Industrial, US addressed loans - <$100k 199 $4,336 $21,789
    Commercial & Industrial, US addressed loans - $100-250k 32 $2,343 $73,219
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $3,179 $151,381
    Farmland loans - <$1MM 50 $5,051 $101,020
    Farmland loans - <$100k 20 $902 $45,100
    Farmland loans - $100-250k 22 $2,606 $118,455
    Farmland loans - $250k-1MM 8 $1,543 $192,875
    Agriculture operations loans - <$1MM 72 $5,241 $72,792
    Agriculture operations loans - <$100k 38 $1,447 $38,079
    Agriculture operations loans - $100-250k 30 $3,289 $109,633
    Agriculture operations loans - $250k-1MM 4 $505 $126,250