Heritage Southeast Bank Mortgage Rates, Fees & Info

Jonesboro, GA

LEI: 549300KZLDOQY0W4XL83

Tax ID: 58-0659995

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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 Southeast Bank is a smaller bank specializing in Home Purchase and Refi loans. Heritage Southeast Bank has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Jacksonville, Crestview, Savannah, and Hinesville among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Heritage Southeast Bank has an above 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

    146

    Origination Dollar Volume (All Markets)

    $41,010,000

    Employee count

    280

    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
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 65 $20,635,000 $317,462 $0 0.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $4,565,000 $1,521,667 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $3,390,000 $1,695,000 $0 0.00%
    SAVANNAH, GA (FHA|USDA|VA) 10 $2,850,000 $285,000 $0 0.00%
    Outside of Metro Areas 5 $2,285,000 $457,000 $0 0.00%
    HINESVILLE, GA (FHA|USDA|VA) 15 $1,355,000 $90,333 $0 0.00%
    St. Marys, GA (FHA|USDA|VA) 2 $1,310,000 $655,000 $0 0.00%
    BRUNSWICK, GA (FHA|USDA|VA) 17 $1,165,000 $68,529 $0 0.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $750,000 $187,500 $0 0.00%
    Jesup, GA (FHA|USDA|VA) 7 $725,000 $103,571 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
    Statesboro, GA (FHA|USDA|VA) 6 $480,000 $80,000 $0 0.00%
    Waycross, GA (FHA|USDA|VA) 7 $395,000 $56,429 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Heritage Southeast Bank's top markets include Atlanta, Jacksonville, Crestview, Savannah, and Hinesville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 146 $41,010,000 $280,890 $0 0.00%

    For 2021, Heritage Southeast Bank's most frequently originated type of loan was Conventional, with 146 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 95 $29,515,000 $310,684 $0 0.00%
    Refi 37 $10,525,000 $284,459 $0 0.00%
    Home Improvement 12 $860,000 $71,667 $0 0.00%
    Other 2 $110,000 $55,000 $0 0.00%

    For 2021, Heritage Southeast Bank's most frequently cited loan purpose was Home Purchase, with 95 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 146 $41,010,000 $280,890 $0 0.00%

    For 2021, Heritage Southeast Bank's most frequently cited loan duration was Other, with 146 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 54 $2,920,000 $54,074 $0 0.00%
    $100k-200k 33 $4,895,000 $148,333 $0 0.00%
    $200k-400k 30 $8,240,000 $274,667 $0 0.00%
    $400k-600k 16 $7,780,000 $486,250 $0 0.00%
    $600k-1MM 8 $6,110,000 $763,750 $0 0.00%
    $1MM+ 5 $11,065,000 $2,213,000 $0 0.00%

    2021 saw Heritage Southeast Bank place emphasis on $100,000 or less loans with 54 originations, totaling $2,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 22 $2,620,000 $119,091 $0 0.00%
    $50k or less 19 $1,125,000 $59,211 $0 0.00%
    $100k-150k 18 $2,870,000 $159,444 $0 0.00%
    $150k-250k 12 $2,080,000 $173,333 $0 0.00%
    $250k+ 11 $5,195,000 $472,273 $0 0.00%
    $75k-100k 6 $790,000 $131,667 $0 0.00%

    Heritage Southeast Bank lent most frequently to those with incomes in the $50k-75k range, with 22 originations. The second most popular income band? $50k or less, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 146 $41,010,000 $280,890 $0 0.00%

    Heritage Southeast Bank lent most frequently to those with DTI ratios of Exempt%, with 146 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 57 $26,275,000 $460,965 $0 0.00%
    White 73 $12,925,000 $177,055 $0 0.00%
    American Indian 2 $570,000 $285,000 $0 0.00%
    Not provided 2 $480,000 $240,000 $0 0.00%
    Black 9 $445,000 $49,444 $0 0.00%
    Asian 3 $315,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.01%

    Heritage Southeast Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.19%

    Heritage Southeast Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 146 $41,010,000 $280,890

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    146 $41,010,000 $280,890

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Heritage Southeast Bank 101 North Main St Jonesboro, GA 30236 Full Service B&M $140,502
    Heritage Southeast Bank 103 Scranton Connector Brunswick, GA 31525 Full Service B&M $40,675
    Heritage Southeast Bank 10328 Deerwood Park Blvd. Jacksonville, FL 32256 Full Service B&M $49,849
    Heritage Southeast Bank 1142 North Way Darien, GA 31305 Full Service B&M $16,511
    Heritage Southeast Bank 13792 Cleveland St E Nahunta, GA 31553 Full Service B&M $28,410
    Heritage Southeast Bank 16 Railroad Street East Pembroke, GA 31321 Full Service B&M $23,100
    Heritage Southeast Bank 1705 Highway 20 West Mcdonough, GA 30253 Full Service B&M $77,951
    Heritage Southeast Bank 203 Keys Ferry Street Mcdonough, GA 30253 Full Service B&M $88,671
    Heritage Southeast Bank 228 Main Street Blackshear, GA 31516 Full Service B&M $71,439
    Heritage Southeast Bank 292 South Macon Street Jesup, GA 31545 Full Service B&M $53,418
    Heritage Southeast Bank 300 Finance Ave Peachtree City, GA 30269 Full Service B&M $14,638
    Heritage Southeast Bank 300 South Main Street Hinesville, GA 31313 Full Service B&M $255,146
    Heritage Southeast Bank 392 Charlie Smith, Sr. Highway Saint Marys, GA 31558 Full Service B&M $21,540
    Heritage Southeast Bank 440 North Jeff Davis Drive Fayetteville, GA 30214 Full Service B&M $172,067
    Heritage Southeast Bank 4955 Windward Parkway Alpharetta, GA 30004 Full Service B&M $84,883
    Heritage Southeast Bank 506 Fair Road Statesboro, GA 30458 Full Service B&M $15,090
    Heritage Southeast Bank 56 East Dame Avenue Homerville, GA 31634 Full Service B&M $24,475
    Heritage Southeast Bank 60 W Cypress St Ludowici, GA 31316 Full Service B&M $31,469
    Heritage Southeast Bank 620 Stephenson Avenue Savannah, GA 31405 Full Service B&M $42,560
    Heritage Southeast Bank 810 Plant Avenue Waycross, GA 31501 Full Service B&M $34,912
    Heritage Southeast Bank 822 Main Street Forest Park, GA 30297 Full Service B&M $72,335
    Heritage Southeast Bank 830 Eagles Landing Parkway, Suite 100 Stockbridge, GA 30281 Full Service B&M $81,184

    For 2021, Heritage Southeast Bank had 22 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $56,449
    Net interest income $53,124
    Total noninterest income $18,735
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $5,755
    Trading account gains and fees $0
    Additional Noninterest Income $12,980
    Pre-tax net operating income $23,582
    Securities gains (or losses, -) $0
    Income before extraordinary items $18,117
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,117
    Minority interest net income $0
    Net income $18,117
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,117

    Heritage Southeast Bank's gross interest income from loans was $56,449,000.
    Heritage Southeast Bank's net interest income from loans was $53,124,000.
    Heritage Southeast Bank's fee based income from loans was $5,755,000.
    Heritage Southeast Bank's net income from loans was $18,117,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,325
    Provision for credit losses $0
    Total noninterest expense $48,277
    Salaries and employee benefits $26,531
    Premises and equipment expense $5,674
    Additional noninterest expense $16,072
    Applicable income taxes $5,465
    Net charge-offs $-1,111
    Cash dividends $0

    Heritage Southeast Bank's interest expense for loans was $3,325,000.
    Heritage Southeast Bank's payroll and benefits expense were $26,531,000.
    Heritage Southeast Bank's property, plant and equipment expenses $5,674,000.

    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 $1,427,584
    Deposits held in domestic offices $1,427,584
    Deposits by Individuals, partnerships, and corporations $1,427,447
    Deposits by U.S. Government $137
    Deposits by States and political subdivisions in the U.S. $0
    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 $18,355
    Demand deposits $11,231
    Nontransaction accounts $1,409,229
    Money market deposit accounts (MMDAs) $304,598
    Other savings deposits (excluding MMDAs) $878,027
    Total time deposits $226,605
    Total time and savings deposits $1,416,353
    Noninterest-bearing deposits $485,900
    Interest-bearing deposits $941,684
    Retail deposits $1,378,229
    IRAs and Keogh plan accounts $25,357
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,653,350
    Cash & Balances due from depository institutions $291,202
    Interest-bearing balances $261,513
    Total securities $197,309
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,040,097
    Loan and leases loss allowance $15,228
    Trading account assets $0
    Bank premises and fixed assets $35,136
    Other real estate owned $857
    Goodwill and other intangibles $35,558
    All other assets $53,191

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,653,350
    Total Liabilities $1,457,148
    Total deposits $1,427,584
    Interest-bearing deposits $941,684
    Deposits held in domestic offices $1,427,584
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $23,988
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,576

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,040,097
    Loan and leases loss allowance $15,228
    Total loans and leases (domestic) $1,055,325
    All real estate loans $830,783
    Real estate loans in domestic offices $830,783
    Construction and development loans $159,630
    Residential 1-4 family construction $38,042
    Other construction, all land development and other land $121,588
    Loans secured by nonfarm nonresidential properties $499,503
    Nonfarm nonresidential secured by owner-occupied properties $265,900
    Commercial real estate & other non-farm, non-residential $233,603
    Multifamily residential real estate $6,592
    1-4 family residential loans $158,667
    Farmland loans $6,391
    Loans held in foreign offices $0
    Farm loans $1,269
    Commercial and industrial loans $207,358
    To non-U.S. addressees $0
    Loans to individuals $12,081
    Credit card loans $0
    Related Plans $4,479
    Consumer Auto Loans $2,268
    Other loans to individuals $5,334
    All other loans & leases $5,575
    Loans to foreign governments and official institutions $0
    Other loans $314
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $11,205
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $866
    Non 1-4 family restructured loans & leases $866
    Total loans and leases (foreign) $0

    Heritage Southeast Bank had $1,040,097,000 of loans outstanding in 2021. $830,783,000 of loans were in real estate loans. $159,630,000 of loans were in development loans. $6,592,000 of loans were in multifamily mortgage loans. $158,667,000 of loans were in 1-4 family mortgage loans. $1,269,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,268,000 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 680 $171,995 $252,934
    Nonfarm, nonresidential loans - <$100k 83 $3,676 $44,289
    Nonfarm, nonresidential loans - $100-250k 240 $30,679 $127,829
    Nonfarm, nonresidential loans - $250k-1MM 357 $137,640 $385,546
    Commercial & Industrial, US addressed loans - <$1MM 1,909 $165,007 $86,436
    Commercial & Industrial, US addressed loans - <$100k 1,129 $27,070 $23,977
    Commercial & Industrial, US addressed loans - $100-250k 430 $38,406 $89,316
    Commercial & Industrial, US addressed loans - $250k-1MM 350 $99,531 $284,374
    Farmland loans - <$1MM 48 $4,672 $97,333
    Farmland loans - <$100k 23 $813 $35,348
    Farmland loans - $100-250k 18 $1,921 $106,722
    Farmland loans - $250k-1MM 7 $1,938 $276,857
    Agriculture operations loans - <$1MM 34 $1,269 $37,324
    Agriculture operations loans - <$100k 29 $470 $16,207
    Agriculture operations loans - $100-250k 3 $297 $99,000
    Agriculture operations loans - $250k-1MM 2 $502 $251,000