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 Cash Out Refi and Home Purchase loans. Heritage Bank Of St Tammany has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Pensacola, Baton Rouge, Miami, and Gulfport among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

    99

    Origination Dollar Volume (All Markets)

    $27,895,000

    Employee count

    26

    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) 86 $18,280,000 $212,558 $0 0.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $6,480,000 $3,240,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 4 $1,270,000 $317,500 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $620,000 $310,000 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $600,000 $300,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Heritage Bank Of St Tammany's top markets include New Orleans, Pensacola, Baton Rouge, Miami, and Gulfport among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 99 $27,895,000 $281,768 $0 0.00%

    For 2019, Heritage Bank Of St Tammany's most frequently originated type of loan was Conventional, with 99 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 39 $8,055,000 $206,538 $0 0.00%
    Home Purchase 36 $14,310,000 $397,500 $0 0.00%
    Refi 17 $4,245,000 $249,706 $0 0.00%
    Other 6 $1,220,000 $203,333 $0 0.00%
    Home Improvement 1 $65,000 $65,000 $0 0.00%

    For 2019, Heritage Bank Of St Tammany's most frequently cited loan purpose was Cash Out Refi, with 39 originations. The 2nd most popular reason was Home Purchase, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 99 $27,895,000 $281,768 $0 0.00%

    For 2019, Heritage Bank Of St Tammany's most frequently cited loan duration was Other, with 99 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 35 $5,085,000 $145,286 $0 0.00%
    $200k-400k 28 $8,090,000 $288,929 $0 0.00%
    $100,000 or less 21 $1,205,000 $57,381 $0 0.00%
    $400k-600k 12 $5,720,000 $476,667 $0 0.00%
    $1MM+ 2 $7,080,000 $3,540,000 $0 0.00%
    $600k-1MM 1 $715,000 $715,000 $0 0.00%

    2019 saw Heritage Bank Of St Tammany place emphasis on $100k-200k loans with 35 originations, totaling $5,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 19 $5,715,000 $300,789 $0 0.00%
    $50k-75k 16 $2,320,000 $145,000 $0 0.00%
    $150k-250k 15 $3,355,000 $223,667 $0 0.00%
    $50k or less 10 $1,900,000 $190,000 $0 0.00%
    $75k-100k 10 $1,940,000 $194,000 $0 0.00%
    $250k+ 6 $8,900,000 $1,483,333 $0 0.00%

    Heritage Bank Of St Tammany lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k-75k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 99 $27,895,000 $281,768 $0 0.00%

    Heritage Bank Of St Tammany lent most frequently to those with DTI ratios of Exempt%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 75 $23,975,000 $319,667 $0 0.00%
    Not applicable 21 $3,535,000 $168,333 $0 0.00%
    Black 2 $250,000 $125,000 $0 0.00%
    Not provided 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.08%

    Heritage Bank Of St Tammany has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.94%

    Heritage Bank Of St Tammany has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 99 $27,895,000 $281,768

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 98 $27,770,000 $283,367

    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 $19,494
    Heritage Bank of St Tammany 205 North Columbia Street Covington, LA 70433 Full Service B&M $58,383
    Heritage Bank of St Tammany 707 Main Street Madisonville, LA 70447 Full Service B&M $5,654

    For 2019, Heritage Bank Of St Tammany had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,710
    Net interest income $3,991
    Total noninterest income $587
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $26
    Trading account gains and fees $0
    Additional Noninterest Income $561
    Pre-tax net operating income $657
    Securities gains (or losses, -) $0
    Income before extraordinary items $476
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $476
    Minority interest net income $0
    Net income $476
    Sale, conversion, retirement of capital stock, net $257
    Net operating income $476

    Heritage Bank Of St Tammany's gross interest income from loans was $5,710,000.
    Heritage Bank Of St Tammany's net interest income from loans was $3,991,000.
    Heritage Bank Of St Tammany's fee based income from loans was $26,000.
    Heritage Bank Of St Tammany's net income from loans was $476,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,719
    Provision for credit losses $13
    Total noninterest expense $3,908
    Salaries and employee benefits $2,396
    Premises and equipment expense $434
    Additional noninterest expense $1,078
    Applicable income taxes $181
    Net charge-offs $12
    Cash dividends $0

    Heritage Bank Of St Tammany's interest expense for loans was $1,719,000.
    Heritage Bank Of St Tammany's payroll and benefits expense were $2,396,000.
    Heritage Bank Of St Tammany's property, plant and equipment expenses $434,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $93,286
    Deposits held in domestic offices $93,286
    Deposits by Individuals, partnerships, and corporations $72,104
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,598
    Deposits by Commercial banks and other depository institutions in U.S. $10,584
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $25,276
    Demand deposits $25,276
    Nontransaction accounts $68,010
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $13,705
    Total time deposits $54,305
    Total time and savings deposits $68,010
    Noninterest-bearing deposits $9,552
    Interest-bearing deposits $83,734
    Retail deposits $88,322
    IRAs and Keogh plan accounts $3,652
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $131,421
    Cash & Balances due from depository institutions $12,233
    Interest-bearing balances $11,427
    Total securities $6,599
    Federal funds sold & reverse repurchase $0
    Net loans and leases $102,469
    Loan and leases loss allowance $769
    Trading account assets $0
    Bank premises and fixed assets $5,857
    Other real estate owned $0
    Goodwill and other intangibles $456
    All other assets $3,807

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $131,421
    Total Liabilities $112,339
    Total deposits $93,286
    Interest-bearing deposits $83,734
    Deposits held in domestic offices $93,286
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $18,041
    Subordinated debt $0
    All other liabilities $1,012

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $102,469
    Loan and leases loss allowance $769
    Total loans and leases (domestic) $103,238
    All real estate loans $100,657
    Real estate loans in domestic offices $100,657
    Construction and development loans $4,298
    Residential 1-4 family construction $2,097
    Other construction, all land development and other land $2,201
    Loans secured by nonfarm nonresidential properties $22,320
    Nonfarm nonresidential secured by owner-occupied properties $14,434
    Commercial real estate & other non-farm, non-residential $7,886
    Multifamily residential real estate $2,082
    1-4 family residential loans $71,957
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $2,335
    To non-U.S. addressees $0
    Loans to individuals $246
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $246
    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 $102,469,000 of loans outstanding in 2019. $100,657,000 of loans were in real estate loans. $4,298,000 of loans were in development loans. $2,082,000 of loans were in multifamily mortgage loans. $71,957,000 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 43 $12,429 $289,047
    Nonfarm, nonresidential loans - <$100k 4 $295 $73,750
    Nonfarm, nonresidential loans - $100-250k 16 $1,882 $117,625
    Nonfarm, nonresidential loans - $250k-1MM 23 $10,252 $445,739
    Commercial & Industrial, US addressed loans - <$1MM 53 $2,334 $44,038
    Commercial & Industrial, US addressed loans - <$100k 51 $1,921 $37,667
    Commercial & Industrial, US addressed loans - $100-250k 1 $107 $107,000
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $306 $306,000