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 Tampa 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

    100

    Origination Dollar Volume (All Markets)

    $57,840,000

    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) 40 $38,370,000 $959,250 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 55 $18,505,000 $336,455 $0 0.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $565,000 $188,333 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
    Banco Do Brasil Americas's top markets include Miami, Orlando, Lakeland, and Tampa 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.

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 304
    We Florida Financial
    Similarity Rank: 638
    POWER FINANCIAL
    Similarity Rank: 870
    THE MONEY HOUSE INC.
    Similarity Rank: 946
    Credence Funding Corporation
    Similarity Rank: 1080
    Citizens First Bank
    Similarity Rank: 1752
    Florida Home Trust Mortgage, Inc.
    Similarity Rank: 2127
    JET HOMELOANS, LLC
    Similarity Rank: 2480
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 2574
    DEVELOPER'S MORTGAGE COMPANY
    Similarity Rank: 2580

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 100 $57,840,000 $578,400 $0 0.00%

    For 2020, Banco Do Brasil Americas's most frequently originated type of loan was Conventional, with 100 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 80 $44,120,000 $551,500 $0 0.00%
    Refi 9 $7,955,000 $883,889 $0 0.00%
    Other 5 $3,825,000 $765,000 $0 0.00%
    Cash Out Refi 5 $1,225,000 $245,000 $0 0.00%
    Home Improvement 1 $715,000 $715,000 $0 0.00%

    For 2020, Banco Do Brasil Americas's most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 100 $57,840,000 $578,400 $0 0.00%

    For 2020, Banco Do Brasil Americas's most frequently cited loan duration was Other, with 100 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 35 $9,925,000 $283,571 $0 0.00%
    $100k-200k 21 $3,685,000 $175,476 $0 0.00%
    $1MM+ 18 $28,480,000 $1,582,222 $0 0.00%
    $400k-600k 15 $7,335,000 $489,000 $0 0.00%
    $600k-1MM 11 $8,415,000 $765,000 $0 0.00%

    2020 saw Banco Do Brasil Americas place emphasis on $200k-400k loans with 35 originations, totaling $9,925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 29 $20,575,000 $709,483 $0 0.00%
    $150k-250k 13 $3,725,000 $286,538 $0 0.00%
    $100k-150k 7 $1,605,000 $229,286 $0 0.00%
    $75k-100k 1 $165,000 $165,000 $0 0.00%

    Banco Do Brasil Americas lent most frequently to those with incomes in the $250k+ range, with 29 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% 100 $57,840,000 $578,400 $0 0.00%

    Banco Do Brasil Americas lent most frequently to those with DTI ratios of Exempt%, with 100 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 70 $44,590,000 $637,000 $0 0.00%
    Not applicable 24 $11,470,000 $477,917 $0 0.00%
    Asian 6 $1,780,000 $296,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.00%

    Banco Do Brasil Americas 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
    86.00%

    Banco Do Brasil Americas has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 100 $57,840,000 $578,400

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $405,000 $405,000
    Single Family (1-4 Units):Site-Built 99 $57,435,000 $580,152

    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 $401,337
    Banco Do Brasil Americas 17900 Bicayne Boulevard Aventura, FL 33160 Full Service B&M $49,293
    Banco Do Brasil Americas 3450 N. Federal Highway Lighthouse Point, FL 33064 Full Service B&M $22,343
    Banco Do Brasil Americas 5403 International Drive Orlando, FL 32819 Full Service B&M $99,051
    Banco Do Brasil Americas 698 Yamato Road, Suite 5 Boca Raton, FL 33431 Full Service B&M $37,820

    For 2020, Banco Do Brasil Americas had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,346
    Net interest income $20,954
    Total noninterest income $5,745
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,560
    Trading account gains and fees $0
    Additional Noninterest Income $4,185
    Pre-tax net operating income $5,126
    Securities gains (or losses, -) $149
    Income before extraordinary items $3,849
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,849
    Minority interest net income $0
    Net income $3,849
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,731

    Banco Do Brasil Americas's gross interest income from loans was $25,346,000.
    Banco Do Brasil Americas's net interest income from loans was $20,954,000.
    Banco Do Brasil Americas's fee based income from loans was $1,560,000.
    Banco Do Brasil Americas's net income from loans was $3,849,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,392
    Provision for credit losses $1,165
    Total noninterest expense $20,408
    Salaries and employee benefits $11,193
    Premises and equipment expense $2,086
    Additional noninterest expense $7,129
    Applicable income taxes $1,426
    Net charge-offs $-64
    Cash dividends $0

    Banco Do Brasil Americas's interest expense for loans was $4,392,000.
    Banco Do Brasil Americas's payroll and benefits expense were $11,193,000.
    Banco Do Brasil Americas's property, plant and equipment expenses $2,086,000.

    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 0.9%
    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 $648,332
    Deposits held in domestic offices $648,332
    Deposits by Individuals, partnerships, and corporations $626,684
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $21,549
    Deposits by Banks in foreign countries $96
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $236,336
    Demand deposits $235,124
    Nontransaction accounts $411,996
    Money market deposit accounts (MMDAs) $219,290
    Other savings deposits (excluding MMDAs) $3,411
    Total time deposits $189,295
    Total time and savings deposits $413,208
    Noninterest-bearing deposits $235,738
    Interest-bearing deposits $412,594
    Retail deposits $592,731
    IRAs and Keogh plan accounts $1,529
    Brokered deposits $13,965
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $732,325
    Cash & Balances due from depository institutions $178,047
    Interest-bearing balances $171,673
    Total securities $40,317
    Federal funds sold & reverse repurchase $2,150
    Net loans and leases $487,023
    Loan and leases loss allowance $6,133
    Trading account assets $0
    Bank premises and fixed assets $1,007
    Other real estate owned $0
    Goodwill and other intangibles $10,488
    All other assets $13,293

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $732,325
    Total Liabilities $654,617
    Total deposits $648,332
    Interest-bearing deposits $412,594
    Deposits held in domestic offices $648,332
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,458
    Subordinated debt $0
    All other liabilities $2,827

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $487,023
    Loan and leases loss allowance $6,133
    Total loans and leases (domestic) $493,156
    All real estate loans $472,387
    Real estate loans in domestic offices $472,387
    Construction and development loans $6,587
    Residential 1-4 family construction $0
    Other construction, all land development and other land $6,587
    Loans secured by nonfarm nonresidential properties $133,533
    Nonfarm nonresidential secured by owner-occupied properties $10,954
    Commercial real estate & other non-farm, non-residential $122,579
    Multifamily residential real estate $7,520
    1-4 family residential loans $324,747
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $15,218
    To non-U.S. addressees $0
    Loans to individuals $4,431
    Credit card loans $2,868
    Related Plans $0
    Consumer Auto Loans $1,181
    Other loans to individuals $382
    All other loans & leases $1,120
    Loans to foreign governments and official institutions $0
    Other loans $1,120
    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 $487,023,000 of loans outstanding in 2020. $472,387,000 of loans were in real estate loans. $6,587,000 of loans were in development loans. $7,520,000 of loans were in multifamily mortgage loans. $324,747,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $2,868,000 of loans were in credit card loans. $1,181,000 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 $10,641 $532,050
    Nonfarm, nonresidential loans - <$100k 1 $81 $81,000
    Nonfarm, nonresidential loans - $100-250k 3 $398 $132,667
    Nonfarm, nonresidential loans - $250k-1MM 16 $10,162 $635,125
    Commercial & Industrial, US addressed loans - <$1MM 26 $7,956 $306,000
    Commercial & Industrial, US addressed loans - <$100k 3 $149 $49,667
    Commercial & Industrial, US addressed loans - $100-250k 7 $590 $84,286
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $7,217 $451,063