Banco Do Brasil Americas Mortgage Rates, Fees & Info

Miami, FL

LEI: 254900667M5CK6Y3DF27

Tax ID: 59-2680958

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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. They have a low ratio of USDA loans. Their top markets by origination volume include: Miami, Orlando, and Lakeland among others. We have data for 3 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

    101

    Origination Dollar Volume (All Markets)

    $63,125,000

    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) 65 $50,605,000 $778,538 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 34 $12,160,000 $357,647 $0 0.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $360,000 $180,000 $0 0.00%
    Banco Do Brasil Americas's top markets include Miami, Orlando, and Lakeland 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.

    POWER FINANCIAL
    Similarity Rank: 188
    McCoy Federal Credit Union
    Similarity Rank: 342
    We Florida Financial
    Similarity Rank: 572
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 755
    ADDITION FINANCIAL
    Similarity Rank: 910
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 940
    Citizens First Bank
    Similarity Rank: 1072
    BANKING MORTGAGE SERVICES, B.M.S. CORP.
    Similarity Rank: 1230
    CROSSFIRE FINANCIAL NETWORK, INC.
    Similarity Rank: 1440
    TrustCo Bank
    Similarity Rank: 1534

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 100 $62,840,000 $628,400 $0 0.00%
    USDA 1 $285,000 $285,000 $0 0.00%

    For 2019, Banco Do Brasil Americas's most frequently originated type of loan was Conventional, with 100 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 90 $44,450,000 $493,889 $0 0.00%
    Cash Out Refi 5 $6,805,000 $1,361,000 $0 0.00%
    Refi 4 $11,160,000 $2,790,000 $0 0.00%
    Other 2 $710,000 $355,000 $0 0.00%

    For 2019, Banco Do Brasil Americas's most frequently cited loan purpose was Home Purchase, with 90 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 101 $63,125,000 $625,000 $0 0.00%

    For 2019, Banco Do Brasil Americas's most frequently cited loan duration was Other, with 101 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 39 $11,655,000 $298,846 $0 0.00%
    $100k-200k 21 $3,465,000 $165,000 $0 0.00%
    $400k-600k 18 $8,660,000 $481,111 $0 0.00%
    $1MM+ 13 $31,805,000 $2,446,538 $0 0.00%
    $600k-1MM 10 $7,540,000 $754,000 $0 0.00%

    2019 saw Banco Do Brasil Americas place emphasis on $200k-400k loans with 39 originations, totaling $11,655,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 22 $12,870,000 $585,000 $0 0.00%
    $150k-250k 13 $3,605,000 $277,308 $0 0.00%
    $100k-150k 7 $1,595,000 $227,857 $0 0.00%
    $75k-100k 1 $135,000 $135,000 $0 0.00%

    Banco Do Brasil Americas lent most frequently to those with incomes in the $250k+ range, with 22 originations. The second most popular income band? $150k-250k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 101 $63,125,000 $625,000 $0 0.00%

    Banco Do Brasil Americas lent most frequently to those with DTI ratios of Exempt%, with 101 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 89 $54,895,000 $616,798 $0 0.00%
    Not applicable 10 $6,880,000 $688,000 $0 0.00%
    American Indian 1 $985,000 $985,000 $0 0.00%
    Not provided 1 $365,000 $365,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.31%

    Banco Do Brasil Americas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.16%

    Banco Do Brasil Americas has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 101 $63,125,000 $625,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 101 $63,125,000 $625,000

    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 $358,976
    Banco do Brasil Americas 17900 Bicayne Boulevard Aventura, FL 33160 Full Service B&M $48,746
    Banco do Brasil Americas 3450 N. Federal Highway Lighthouse Point, FL 33064 Full Service B&M $24,147
    Banco do Brasil Americas 5403 International Drive Orlando, FL 32819 Full Service B&M $98,750
    Banco do Brasil Americas 698 Yamato Road, Suite 5 Boca Raton, FL 33431 Full Service B&M $41,957

    For 2019, Banco Do Brasil Americas had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,313
    Net interest income $21,938
    Total noninterest income $8,435
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,685
    Trading account gains and fees $0
    Additional Noninterest Income $6,750
    Pre-tax net operating income $5,885
    Securities gains (or losses, -) $259
    Income before extraordinary items $4,587
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,587
    Minority interest net income $0
    Net income $4,587
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,382

    Banco Do Brasil Americas's gross interest income from loans was $27,313,000.
    Banco Do Brasil Americas's net interest income from loans was $21,938,000.
    Banco Do Brasil Americas's fee based income from loans was $1,685,000.
    Banco Do Brasil Americas's net income from loans was $4,587,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,375
    Provision for credit losses $803
    Total noninterest expense $23,685
    Salaries and employee benefits $10,970
    Premises and equipment expense $2,598
    Additional noninterest expense $10,117
    Applicable income taxes $1,557
    Net charge-offs $799
    Cash dividends $0

    Banco Do Brasil Americas's interest expense for loans was $5,375,000.
    Banco Do Brasil Americas's payroll and benefits expense were $10,970,000.
    Banco Do Brasil Americas's property, plant and equipment expenses $2,598,000.

    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 1.0%
    Credit card loans 1.7%
    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 $584,064
    Deposits held in domestic offices $584,064
    Deposits by Individuals, partnerships, and corporations $568,772
    Deposits by U.S. Government $26
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $15,266
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $212,569
    Demand deposits $210,807
    Nontransaction accounts $371,495
    Money market deposit accounts (MMDAs) $176,007
    Other savings deposits (excluding MMDAs) $3,443
    Total time deposits $192,045
    Total time and savings deposits $373,257
    Noninterest-bearing deposits $211,748
    Interest-bearing deposits $372,316
    Retail deposits $507,135
    IRAs and Keogh plan accounts $1,654
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $665,846
    Cash & Balances due from depository institutions $123,482
    Interest-bearing balances $113,579
    Total securities $34,254
    Federal funds sold & reverse repurchase $3,250
    Net loans and leases $475,509
    Loan and leases loss allowance $4,904
    Trading account assets $0
    Bank premises and fixed assets $1,486
    Other real estate owned $4,890
    Goodwill and other intangibles $10,488
    All other assets $12,487

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $665,846
    Total Liabilities $592,096
    Total deposits $584,064
    Interest-bearing deposits $372,316
    Deposits held in domestic offices $584,064
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,958
    Subordinated debt $0
    All other liabilities $4,074

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $475,509
    Loan and leases loss allowance $4,904
    Total loans and leases (domestic) $480,413
    All real estate loans $463,542
    Real estate loans in domestic offices $463,542
    Construction and development loans $11,536
    Residential 1-4 family construction $0
    Other construction, all land development and other land $11,536
    Loans secured by nonfarm nonresidential properties $130,920
    Nonfarm nonresidential secured by owner-occupied properties $14,010
    Commercial real estate & other non-farm, non-residential $116,910
    Multifamily residential real estate $8,518
    1-4 family residential loans $312,568
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $9,665
    To non-U.S. addressees $0
    Loans to individuals $5,911
    Credit card loans $4,827
    Related Plans $0
    Consumer Auto Loans $1,082
    Other loans to individuals $2
    All other loans & leases $1,296
    Loans to foreign governments and official institutions $0
    Other loans $1,296
    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 $475,509,000 of loans outstanding in 2019. $463,542,000 of loans were in real estate loans. $11,536,000 of loans were in development loans. $8,518,000 of loans were in multifamily mortgage loans. $312,568,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $4,827,000 of loans were in credit card loans. $1,082,000 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 20 $10,680 $534,000
    Nonfarm, nonresidential loans - <$100k 1 $83 $83,000
    Nonfarm, nonresidential loans - $100-250k 2 $226 $113,000
    Nonfarm, nonresidential loans - $250k-1MM 17 $10,371 $610,059
    Commercial & Industrial, US addressed loans - <$1MM 21 $6,354 $302,571
    Commercial & Industrial, US addressed loans - <$100k 2 $80 $40,000
    Commercial & Industrial, US addressed loans - $100-250k 9 $1,103 $122,556
    Commercial & Industrial, US addressed loans - $250k-1MM 10 $5,171 $517,100