Banco Do Brasil Americas Mortgage Rates, Fees & Info

Miami, FL

LEI: 254900667M5CK6Y3DF27

Tax ID: 59-2680958

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Banco Do Brasil Americas is a smaller mortgage company specializing in Home Purchase loans. Banco Do Brasil Americas has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Orlando, Lakeland, and Naples among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Banco Do Brasil Americas 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    131

    Origination Dollar Volume (All Markets)

    $76,175,000

    Employee count

    115

    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
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 75 $56,085,000 $747,800 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 53 $19,465,000 $367,264 $0 0.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $360,000 $180,000 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    Banco Do Brasil Americas's top markets include Miami, Orlando, Lakeland, and Naples among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Banco do Brasil Americas based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    McCoy Federal Credit Union
    Similarity Rank: 60
    We Florida Financial
    Similarity Rank: 312
    Natbank
    Similarity Rank: 392
    POWER FINANCIAL
    Similarity Rank: 432
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 836
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 912
    Guardians Credit Union
    Similarity Rank: 948
    Biscayne Bank
    Similarity Rank: 1014
    ADDITION FINANCIAL
    Similarity Rank: 1222
    WATSON MORTGAGE CORP.
    Similarity Rank: 1254

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 131 $76,175,000 $581,489 $0 0.00%

    For 2018, Banco Do Brasil Americas's most frequently originated type of loan was Conventional, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 125 $72,325,000 $578,600 $0 0.00%
    Refi 5 $1,845,000 $369,000 $0 0.00%
    Cash Out Refi 1 $2,005,000 $2,005,000 $0 0.00%

    For 2018, Banco Do Brasil Americas's most frequently cited loan purpose was Home Purchase, with 125 originations. The 2nd most popular reason was Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 131 $76,175,000 $581,489 $0 0.00%

    For 2018, Banco Do Brasil Americas's most frequently cited loan duration was Other, with 131 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 48 $14,600,000 $304,167 $0 0.00%
    $400k-600k 30 $14,640,000 $488,000 $0 0.00%
    $100k-200k 19 $3,185,000 $167,632 $0 0.00%
    $600k-1MM 19 $13,715,000 $721,842 $0 0.00%
    $1MM+ 14 $29,970,000 $2,140,714 $0 0.00%
    $100,000 or less 1 $65,000 $65,000 $0 0.00%

    2018 saw Banco Do Brasil Americas place emphasis on $200k-400k loans with 48 originations, totaling $14,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 21 $10,695,000 $509,286 $0 0.00%
    $150k-250k 15 $4,815,000 $321,000 $0 0.00%
    $100k-150k 5 $1,195,000 $239,000 $0 0.00%
    $75k-100k 3 $415,000 $138,333 $0 0.00%
    $50k or less 1 $315,000 $315,000 $0 0.00%

    Banco Do Brasil Americas lent most frequently to those with incomes in the $250k+ range, with 21 originations. The second most popular income band? $150k-250k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 131 $76,175,000 $581,489 $0 0.00%

    Banco Do Brasil Americas lent most frequently to those with DTI ratios of Exempt%, with 131 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 86 $58,740,000 $683,023 $0 0.00%
    White 43 $16,845,000 $391,744 $0 0.00%
    Black 1 $395,000 $395,000 $0 0.00%
    Not provided 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.29%

    Banco Do Brasil Americas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.44%

    Banco Do Brasil Americas has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 131 $76,175,000 $581,489

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 131 $76,175,000 $581,489

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Banco do Brasil Americas 1221 Brickell Avenue, Suite 2200 Miami, FL 33131 Full Service B&M $366,723
    Banco do Brasil Americas 17900 Bicayne Boulevard Aventura, FL 33160 Full Service B&M $39,316
    Banco do Brasil Americas 3450 N. Federal Highway Lighthouse Point, FL 33064 Full Service B&M $27,525
    Banco do Brasil Americas 5403 International Drive Orlando, FL 32819 Full Service B&M $93,116
    Banco do Brasil Americas 698 Yamato Road, Suite 5 Boca Raton, FL 33431 Full Service B&M $47,503

    For 2018, Banco Do Brasil Americas had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,075
    Net interest income $20,261
    Total noninterest income $9,658
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,358
    Trading account gains and fees $0
    Additional Noninterest Income $8,300
    Pre-tax net operating income $5,645
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,215
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,215
    Minority interest net income $0
    Net income $4,215
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,215

    Banco Do Brasil Americas's gross interest income from loans was $25,075,000.
    Banco Do Brasil Americas's net interest income from loans was $20,261,000.
    Banco Do Brasil Americas's fee based income from loans was $1,358,000.
    Banco Do Brasil Americas's net income from loans was $4,215,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,814
    Provision for credit losses $810
    Total noninterest expense $23,464
    Salaries and employee benefits $9,745
    Premises and equipment expense $2,751
    Additional noninterest expense $10,968
    Applicable income taxes $1,430
    Net charge-offs $282
    Cash dividends $0

    Banco Do Brasil Americas's interest expense for loans was $4,814,000.
    Banco Do Brasil Americas's payroll and benefits expense were $9,745,000.
    Banco Do Brasil Americas's property, plant and equipment expenses $2,751,000.

    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 0.8%
    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 $598,986
    Deposits held in domestic offices $598,986
    Deposits by Individuals, partnerships, and corporations $564,478
    Deposits by U.S. Government $71
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $34,437
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $224,771
    Demand deposits $224,730
    Nontransaction accounts $374,215
    Money market deposit accounts (MMDAs) $183,395
    Other savings deposits (excluding MMDAs) $4,278
    Total time deposits $186,542
    Total time and savings deposits $374,256
    Noninterest-bearing deposits $230,299
    Interest-bearing deposits $368,687
    Retail deposits $526,396
    IRAs and Keogh plan accounts $2,964
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $686,299
    Cash & Balances due from depository institutions $128,179
    Interest-bearing balances $114,352
    Total securities $50,504
    Federal funds sold & reverse repurchase $3,775
    Net loans and leases $477,662
    Loan and leases loss allowance $4,900
    Trading account assets $0
    Bank premises and fixed assets $2,041
    Other real estate owned $0
    Goodwill and other intangibles $10,488
    All other assets $13,650

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $686,299
    Total Liabilities $618,047
    Total deposits $598,986
    Interest-bearing deposits $368,687
    Deposits held in domestic offices $598,986
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $15,000
    Subordinated debt $0
    All other liabilities $4,061

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $477,662
    Loan and leases loss allowance $4,900
    Total loans and leases (domestic) $482,562
    All real estate loans $464,652
    Real estate loans in domestic offices $464,652
    Construction and development loans $38,755
    Residential 1-4 family construction $0
    Other construction, all land development and other land $38,755
    Loans secured by nonfarm nonresidential properties $100,346
    Nonfarm nonresidential secured by owner-occupied properties $8,501
    Commercial real estate & other non-farm, non-residential $91,845
    Multifamily residential real estate $22,511
    1-4 family residential loans $303,040
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $10,223
    To non-U.S. addressees $0
    Loans to individuals $6,820
    Credit card loans $5,467
    Related Plans $0
    Consumer Auto Loans $1,349
    Other loans to individuals $4
    All other loans & leases $867
    Loans to foreign governments and official institutions $0
    Other loans $867
    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

    Banco do Brasil Americas had $477,662,000 of loans outstanding in 2018. $464,652,000 of loans were in real estate loans. $38,755,000 of loans were in development loans. $22,511,000 of loans were in multifamily mortgage loans. $303,040,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $5,467,000 of loans were in credit card loans. $1,349,000 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 28 $14,836 $529,857
    Nonfarm, nonresidential loans - <$100k 4 $239 $59,750
    Nonfarm, nonresidential loans - $100-250k 2 $364 $182,000
    Nonfarm, nonresidential loans - $250k-1MM 22 $14,233 $646,955
    Commercial & Industrial, US addressed loans - <$1MM 15 $4,173 $278,200
    Commercial & Industrial, US addressed loans - <$100k 6 $334 $55,667
    Commercial & Industrial, US addressed loans - $100-250k 3 $534 $178,000
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $3,305 $550,833