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

Review & Overview

Habib American Bank is a smaller bank specializing in Refi loans. Habib American Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, Hartford, New Haven, and Albany among others. We have data for 9 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.

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Originations

Origination Dollar Volume (All Markets)

$56,550,000

Employee count

150

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)	60	$43,800,000	$730,000	$0	0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	9	$9,165,000	$1,018,333	$0	0.00%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA\|USDA\|VA)	1	$845,000	$845,000	$0	0.00%
NEW HAVEN-MILFORD, CT (FHA\|USDA\|VA)	1	$755,000	$755,000	$0	0.00%
ALBANY-SCHENECTADY-TROY, NY (FHA\|USDA\|VA)	1	$555,000	$555,000	$0	0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	1	$555,000	$555,000	$0	0.00%
Oneonta, NY (FHA\|USDA\|VA)	1	$485,000	$485,000	$0	0.00%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	0.00%

Habib American Bank's top markets include New York, Los Angeles, Hartford, New Haven, and Albany among others.

Their top states include:

New York (FHA|USDA|VA)

California (FHA|USDA|VA)

New Jersey (FHA|USDA|VA)

Connecticut (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	76	$56,550,000	$744,079	$0	0.00%

For 2020, Habib American Bank's most frequently originated type of loan was Conventional, with 76 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	57	$46,815,000	$821,316	$0	0.00%
Home Purchase	19	$9,735,000	$512,368	$0	0.00%

For 2020, Habib American Bank's most frequently cited loan purpose was Refi, with 57 originations. The 2nd most popular reason was Home Purchase, with 19 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	76	$56,550,000	$744,079	$0	0.00%

For 2020, Habib American Bank's most frequently cited loan duration was Other, with 76 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$600k-1MM	25	$19,365,000	$774,600	$0	0.00%
$400k-600k	23	$11,235,000	$488,478	$0	0.00%
$200k-400k	14	$4,110,000	$293,571	$0	0.00%
$1MM+	11	$21,355,000	$1,941,364	$0	0.00%
$100k-200k	3	$485,000	$161,667	$0	0.00%

2020 saw Habib American Bank place emphasis on $600k-1MM loans with 25 originations, totaling $19,365,000 in origination value.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	76	$56,550,000	$744,079	$0	0.00%

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	76	$56,550,000	$744,079	$0	0.00%

Approval Rates

Total approvals of all applications
96.47%

Habib American Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
92.11%

Habib American Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	76	$56,550,000	$744,079

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	17	$17,365,000	$1,021,471
Single Family (1-4 Units):Site-Built	59	$39,185,000	$664,153

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
HOPE BANCORP, INC.	Conventional home mortgage	Struggling to pay mortgage	2	66.7%
HOPE BANCORP, INC.	Conventional home mortgage	Trouble during payment process	1	33.3%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Habib American Bank	1585 Oak Tree Road Iselin, NJ 8830	Full Service B&M	$132,066
Habib American Bank	18357 Pioneer Boulevard Artesia, CA 90701	Full Service B&M	$212,589
Habib American Bank	19 Liberty Avenue South Richmond Hill, NY 11419	Full Service B&M	$45,827
Habib American Bank	421 South Broadway Hicksville, NY 11801	Full Service B&M	$199,356
Habib American Bank	74-01 37th Avenue Jackson Heights, NY 11372	Full Service B&M	$105,156
Habib American Bank	928 S Broadway, Suite F Los Angeles, CA 90015	Full Service B&M	$233,665
Habib American Bank	99 Madison Avenue New York, NY 10016	Full Service B&M	$250,668

For 2020, Habib American Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$56,083
Net interest income	$39,052
Total noninterest income	$25,592
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,536
Trading account gains and fees	$0
Additional Noninterest Income	$24,056
Pre-tax net operating income	$27,149
Securities gains (or losses, -)	$49
Income before extraordinary items	$18,957
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$18,957
Minority interest net income	$0
Net income	$18,957
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$18,918

Habib American Bank's gross interest income from loans was $56,083,000.
Habib American Bank's net interest income from loans was $39,052,000.
Habib American Bank's fee based income from loans was $1,536,000.
Habib American Bank's net income from loans was $18,957,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$17,031
Provision for credit losses	$4,500
Total noninterest expense	$32,995
Salaries and employee benefits	$20,523
Premises and equipment expense	$5,959
Additional noninterest expense	$6,513
Applicable income taxes	$8,241
Net charge-offs	$81
Cash dividends	$0

Habib American Bank's interest expense for loans was $17,031,000.
Habib American Bank's payroll and benefits expense were $20,523,000.
Habib American Bank's property, plant and equipment expenses $5,959,000.

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	6.0%
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	$1,669,297
Deposits held in domestic offices	$1,127,639
Deposits by Individuals, partnerships, and corporations	$1,054,217
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	$73,421
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$317,716
Demand deposits	$317,658
Nontransaction accounts	$809,922
Money market deposit accounts (MMDAs)	$239,400
Other savings deposits (excluding MMDAs)	$4,979
Total time deposits	$565,543
Total time and savings deposits	$809,980
Noninterest-bearing deposits	$317,716
Interest-bearing deposits	$809,923
Retail deposits	$880,535
IRAs and Keogh plan accounts	$30,771
Brokered deposits	$0
Deposits held in foreign offices	$541,658

Assets

Asset	Value (in 000's)
Total Assets	$1,974,600
Cash & Balances due from depository institutions	$550,894
Interest-bearing balances	$541,235
Total securities	$298,864
Federal funds sold & reverse repurchase	$0
Net loans and leases	$1,051,515
Loan and leases loss allowance	$19,272
Trading account assets	$0
Bank premises and fixed assets	$31,641
Other real estate owned	$0
Goodwill and other intangibles	$2,597
All other assets	$39,089

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,974,600
Total Liabilities	$1,793,082
Total deposits	$1,669,297
Interest-bearing deposits	$1,351,581
Deposits held in domestic offices	$1,127,639
% insured (estimated)	$10
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$100,000
Subordinated debt	$0
All other liabilities	$23,785

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,051,515
Loan and leases loss allowance	$19,272
Total loans and leases (domestic)	$1,070,787
All real estate loans	$983,490
Real estate loans in domestic offices	$983,490
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	$741,379
Nonfarm nonresidential secured by owner-occupied properties	$184,042
Commercial real estate & other non-farm, non-residential	$557,337
Multifamily residential real estate	$73,471
1-4 family residential loans	$168,640
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$48,415
To non-U.S. addressees	$0
Loans to individuals	$8,138
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$0
Other loans to individuals	$8,138
All other loans & leases	$32,378
Loans to foreign governments and official institutions	$0
Other loans	$0
Loans to depository institutions and acceptances of other banks	$32,378
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)	$25,676

Habib American Bank had $1,051,515,000 of loans outstanding in 2020. $983,490,000 of loans were in real estate loans. $0 of loans were in development loans. $73,471,000 of loans were in multifamily mortgage loans. $168,640,000 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	442	$221,640	$501,448
Nonfarm, nonresidential loans - <$100k	4	$253	$63,250
Nonfarm, nonresidential loans - $100-250k	44	$8,116	$184,455
Nonfarm, nonresidential loans - $250k-1MM	394	$213,271	$541,297
Commercial & Industrial, US addressed loans - <$1MM	186	$21,612	$116,194
Commercial & Industrial, US addressed loans - <$100k	93	$2,021	$21,731
Commercial & Industrial, US addressed loans - $100-250k	50	$5,348	$106,960
Commercial & Industrial, US addressed loans - $250k-1MM	43	$14,243	$331,233