Heritage Bank Of St Tammany Mortgage Rates, Fees & Info

Covington, LA

LEI: 549300EI8WIPSALARU71

Tax ID: 72-0308220

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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

    Heritage Bank Of St Tammany is a smaller bank specializing in Home Purchase and Refi loans. Heritage Bank Of St Tammany has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Austin, Opelousas, Bogalusa, and Baton Rouge among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Heritage Bank Of St Tammany has an above average approval rate when compared to the average across all lenders. They have an above 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

    86

    Origination Dollar Volume (All Markets)

    $16,370,000

    Employee count

    23

    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
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 82 $14,980,000 $182,683 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $655,000 $655,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    Bogalusa, LA (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Heritage Bank Of St Tammany's top markets include New Orleans, Austin, Opelousas, Bogalusa, and Baton Rouge among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 86 $16,370,000 $190,349 $0 0.00%

    For 2018, Heritage Bank Of St Tammany's most frequently originated type of loan was Conventional, with 86 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 42 $10,050,000 $239,286 $0 0.00%
    Refi 30 $4,370,000 $145,667 $0 0.00%
    Other 10 $1,320,000 $132,000 $0 0.00%
    Home Improvement 4 $630,000 $157,500 $0 0.00%

    For 2018, Heritage Bank Of St Tammany's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 86 $16,370,000 $190,349 $0 0.00%

    For 2018, Heritage Bank Of St Tammany's most frequently cited loan duration was Other, with 86 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 32 $1,960,000 $61,250 $0 0.00%
    $100k-200k 24 $3,540,000 $147,500 $0 0.00%
    $200k-400k 19 $5,365,000 $282,368 $0 0.00%
    $400k-600k 8 $3,540,000 $442,500 $0 0.00%
    $600k-1MM 3 $1,965,000 $655,000 $0 0.00%

    2018 saw Heritage Bank Of St Tammany place emphasis on $100,000 or less loans with 32 originations, totaling $1,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 17 $4,315,000 $253,824 $0 0.00%
    $50k or less 14 $1,270,000 $90,714 $0 0.00%
    $100k-150k 13 $2,795,000 $215,000 $0 0.00%
    $75k-100k 10 $1,780,000 $178,000 $0 0.00%
    $50k-75k 9 $1,195,000 $132,778 $0 0.00%
    $250k+ 4 $1,670,000 $417,500 $0 0.00%

    Heritage Bank Of St Tammany lent most frequently to those with incomes in the $150k-250k range, with 17 originations. The second most popular income band? $50k or less, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 86 $16,370,000 $190,349 $0 0.00%

    Heritage Bank Of St Tammany lent most frequently to those with DTI ratios of Exempt%, with 86 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 61 $12,045,000 $197,459 $0 0.00%
    Not applicable 19 $3,345,000 $176,053 $0 0.00%
    Black 4 $450,000 $112,500 $0 0.00%
    Not provided 1 $305,000 $305,000 $0 0.00%
    Asian 1 $225,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.95%

    Heritage Bank Of St Tammany has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.70%

    Heritage Bank Of St Tammany has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 86 $16,370,000 $190,349

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 85 $16,245,000 $191,118

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Heritage Bank of St Tammany 200 Gause Boulevard Slidell, LA 70458 Full Service B&M $19,136
    Heritage Bank of St Tammany 205 North Columbia Street Covington, LA 70433 Full Service B&M $61,909
    Heritage Bank of St Tammany 707 Main Street Madisonville, LA 70447 Full Service B&M $2,011

    For 2018, Heritage Bank Of St Tammany had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,109
    Net interest income $3,904
    Total noninterest income $369
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $20
    Trading account gains and fees $0
    Additional Noninterest Income $349
    Pre-tax net operating income $811
    Securities gains (or losses, -) $0
    Income before extraordinary items $649
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $649
    Minority interest net income $0
    Net income $649
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $649

    Heritage Bank Of St Tammany's gross interest income from loans was $5,109,000.
    Heritage Bank Of St Tammany's net interest income from loans was $3,904,000.
    Heritage Bank Of St Tammany's fee based income from loans was $20,000.
    Heritage Bank Of St Tammany's net income from loans was $649,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,205
    Provision for credit losses $5
    Total noninterest expense $3,457
    Salaries and employee benefits $1,982
    Premises and equipment expense $403
    Additional noninterest expense $1,072
    Applicable income taxes $162
    Net charge-offs $-7
    Cash dividends $0

    Heritage Bank Of St Tammany's interest expense for loans was $1,205,000.
    Heritage Bank Of St Tammany's payroll and benefits expense were $1,982,000.
    Heritage Bank Of St Tammany's property, plant and equipment expenses $403,000.

    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 $83,463
    Deposits held in domestic offices $83,463
    Deposits by Individuals, partnerships, and corporations $72,328
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $653
    Deposits by Commercial banks and other depository institutions in U.S. $10,482
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $14,191
    Demand deposits $14,191
    Nontransaction accounts $69,272
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $14,857
    Total time deposits $54,415
    Total time and savings deposits $69,272
    Noninterest-bearing deposits $10,510
    Interest-bearing deposits $72,953
    Retail deposits $79,185
    IRAs and Keogh plan accounts $3,138
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $119,546
    Cash & Balances due from depository institutions $8,001
    Interest-bearing balances $7,472
    Total securities $4,739
    Federal funds sold & reverse repurchase $0
    Net loans and leases $97,533
    Loan and leases loss allowance $768
    Trading account assets $0
    Bank premises and fixed assets $5,137
    Other real estate owned $0
    Goodwill and other intangibles $373
    All other assets $3,763

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $119,546
    Total Liabilities $101,250
    Total deposits $83,463
    Interest-bearing deposits $72,953
    Deposits held in domestic offices $83,463
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $16,822
    Subordinated debt $0
    All other liabilities $965

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $97,533
    Loan and leases loss allowance $768
    Total loans and leases (domestic) $98,301
    All real estate loans $95,984
    Real estate loans in domestic offices $95,984
    Construction and development loans $3,556
    Residential 1-4 family construction $1,345
    Other construction, all land development and other land $2,211
    Loans secured by nonfarm nonresidential properties $21,838
    Nonfarm nonresidential secured by owner-occupied properties $12,647
    Commercial real estate & other non-farm, non-residential $9,191
    Multifamily residential real estate $1,524
    1-4 family residential loans $69,066
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,963
    To non-U.S. addressees $0
    Loans to individuals $354
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $354
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    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

    Heritage Bank of St Tammany had $97,533,000 of loans outstanding in 2018. $95,984,000 of loans were in real estate loans. $3,556,000 of loans were in development loans. $1,524,000 of loans were in multifamily mortgage loans. $69,066,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 44 $12,728 $289,273
    Nonfarm, nonresidential loans - <$100k 4 $315 $78,750
    Nonfarm, nonresidential loans - $100-250k 15 $1,694 $112,933
    Nonfarm, nonresidential loans - $250k-1MM 25 $10,719 $428,760
    Commercial & Industrial, US addressed loans - <$1MM 45 $1,963 $43,622
    Commercial & Industrial, US addressed loans - <$100k 43 $1,775 $41,279
    Commercial & Industrial, US addressed loans - $100-250k 2 $188 $94,000