Habib American Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 549300YV77ZZ5ADLO929

Tax ID: 13-3173929

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
  • Complaints
  • 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

    Habib American Bank is a smaller bank specializing in Refi and Home Purchase loans. Habib American Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Riverside, Los Angeles, Trenton, and Poughkeepsie among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Habib American Bank 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.

    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

    64

    Origination Dollar Volume (All Markets)

    $41,510,000

    Employee count

    140

    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 York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 52 $34,910,000 $671,346 $0 0.00%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $2,630,000 $1,315,000 $0 0.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $1,660,000 $415,000 $0 0.00%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $1,085,000 $361,667 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $960,000 $480,000 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    Habib American Bank's top markets include New York, Riverside, Los Angeles, Trenton, and Poughkeepsie among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $41,510,000 $648,594 $0 0.00%

    For 2018, Habib American Bank's most frequently originated type of loan was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 39 $26,955,000 $691,154 $0 0.00%
    Home Purchase 25 $14,555,000 $582,200 $0 0.00%

    For 2018, Habib American Bank's most frequently cited loan purpose was Refi, with 39 originations. The 2nd most popular reason was Home Purchase, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 64 $41,510,000 $648,594 $0 0.00%

    For 2018, Habib American Bank's most frequently cited loan duration was Other, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 21 $9,915,000 $472,143 $0 0.00%
    $200k-400k 15 $4,645,000 $309,667 $0 0.00%
    $600k-1MM 13 $10,455,000 $804,231 $0 0.00%
    $1MM+ 10 $15,770,000 $1,577,000 $0 0.00%
    $100k-200k 5 $725,000 $145,000 $0 0.00%

    2018 saw Habib American Bank place emphasis on $400k-600k loans with 21 originations, totaling $9,915,000 in origination value.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 64 $41,510,000 $648,594 $0 0.00%

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 64 $41,510,000 $648,594 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.44%

    Habib American Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.75%

    Habib American Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 64 $41,510,000 $648,594

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 27 $24,605,000 $911,296
    Single Family (1-4 Units):Site-Built 37 $16,905,000 $456,892

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    HOPE BANCORP, INC. Other type of mortgage Trouble during payment process 2 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Habib American Bank 110 East Ninth Street, Al-10 Los Angeles, CA 90079 Full Service B&M $212,447
    Habib American Bank 1585 Oak Tree Road Iselin, NJ 8830 Full Service B&M $132,562
    Habib American Bank 18357 Pioneer Boulevard Artesia, CA 90701 Full Service B&M $230,601
    Habib American Bank 19 Liberty Avenue South Richmond Hill, NY 11419 Full Service B&M $50,088
    Habib American Bank 421 South Broadway Hicksville, NY 11801 Full Service B&M $202,788
    Habib American Bank 74-01 37th Avenue Jackson Heights, NY 11372 Full Service B&M $82,653
    Habib American Bank 99 Madison Avenue New York, NY 10016 Full Service B&M $230,093

    For 2018, Habib American Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $56,370
    Net interest income $35,713
    Total noninterest income $24,908
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,077
    Trading account gains and fees $0
    Additional Noninterest Income $22,831
    Pre-tax net operating income $29,403
    Securities gains (or losses, -) $0
    Income before extraordinary items $19,994
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $19,994
    Minority interest net income $0
    Net income $19,994
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $19,994

    Habib American Bank's gross interest income from loans was $56,370,000.
    Habib American Bank's net interest income from loans was $35,713,000.
    Habib American Bank's fee based income from loans was $2,077,000.
    Habib American Bank's net income from loans was $19,994,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $20,657
    Provision for credit losses $1,500
    Total noninterest expense $29,718
    Salaries and employee benefits $17,438
    Premises and equipment expense $5,329
    Additional noninterest expense $6,951
    Applicable income taxes $9,409
    Net charge-offs $5
    Cash dividends $0

    Habib American Bank's interest expense for loans was $20,657,000.
    Habib American Bank's payroll and benefits expense were $17,438,000.
    Habib American Bank's property, plant and equipment expenses $5,329,000.

    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 1.0%
    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 $1,459,889
    Deposits held in domestic offices $1,127,033
    Deposits by Individuals, partnerships, and corporations $1,091,232
    Deposits by U.S. Government $0
    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 $35,800
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $231,304
    Demand deposits $231,225
    Nontransaction accounts $895,728
    Money market deposit accounts (MMDAs) $190,293
    Other savings deposits (excluding MMDAs) $2,931
    Total time deposits $702,504
    Total time and savings deposits $895,807
    Noninterest-bearing deposits $231,305
    Interest-bearing deposits $895,728
    Retail deposits $863,667
    IRAs and Keogh plan accounts $32,066
    Brokered deposits $10,092
    Deposits held in foreign offices $332,856

    Assets

    Asset Value (in 000's)
    Total Assets $1,623,654
    Cash & Balances due from depository institutions $628,247
    Interest-bearing balances $617,858
    Total securities $56,551
    Federal funds sold & reverse repurchase $0
    Net loans and leases $909,957
    Loan and leases loss allowance $14,670
    Trading account assets $0
    Bank premises and fixed assets $3,290
    Other real estate owned $0
    Goodwill and other intangibles $2,597
    All other assets $23,012

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,623,654
    Total Liabilities $1,483,145
    Total deposits $1,459,889
    Interest-bearing deposits $1,228,584
    Deposits held in domestic offices $1,127,033
    % insured (estimated) $26
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $23,256

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $909,957
    Loan and leases loss allowance $14,670
    Total loans and leases (domestic) $924,627
    All real estate loans $803,985
    Real estate loans in domestic offices $803,442
    Construction and development loans $0
    Residential 1-4 family construction $0
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $649,520
    Nonfarm nonresidential secured by owner-occupied properties $171,022
    Commercial real estate & other non-farm, non-residential $478,498
    Multifamily residential real estate $57,582
    1-4 family residential loans $96,340
    Farmland loans $0
    Loans held in foreign offices $543
    Farm loans $0
    Commercial and industrial loans $51,922
    To non-U.S. addressees $0
    Loans to individuals $7,171
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $7,171
    All other loans & leases $63,166
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $63,166
    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) $55,616

    Habib American Bank had $909,957,000 of loans outstanding in 2018. $803,985,000 of loans were in real estate loans. $0 of loans were in development loans. $57,582,000 of loans were in multifamily mortgage loans. $96,340,000 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 379 $186,002 $490,770
    Nonfarm, nonresidential loans - <$100k 1 $78 $78,000
    Nonfarm, nonresidential loans - $100-250k 47 $8,360 $177,872
    Nonfarm, nonresidential loans - $250k-1MM 331 $177,564 $536,447
    Commercial & Industrial, US addressed loans - <$1MM 252 $36,445 $144,623
    Commercial & Industrial, US addressed loans - <$100k 121 $3,274 $27,058
    Commercial & Industrial, US addressed loans - $100-250k 65 $7,635 $117,462
    Commercial & Industrial, US addressed loans - $250k-1MM 66 $25,536 $386,909