American Community Bank Of Indiana Mortgage Rates, Fees & Info

Munster, IN

LEI: 254900PS2KU65ZEUOA41

Tax ID: 35-0144969

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

Jump to:

Mortgage Data

Bank Data

Review & Overview

American Community Bank Of Indiana is a smaller bank specializing in Home Purchase loans. American Community Bank Of Indiana has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Naples, Columbus, Port St. Lucie, and Warsaw among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

American Community Bank Of Indiana 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.

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

126

Origination Dollar Volume (All Markets)

$23,080,000

Employee count

42

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
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 121 $22,135,000 $182,934 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
COLUMBUS, IN (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Outside of Metro Areas 1 $65,000 $65,000 $0 0.00%
Warsaw, IN (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
American Community Bank Of Indiana's top markets include Chicago, Naples, Columbus, Port St. Lucie, and Warsaw among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $23,080,000 $183,175 $0 0.00%

    For 2018, American Community Bank Of Indiana's most frequently originated type of loan was Conventional, with 126 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 83 $18,055,000 $217,530 $0 0.00%
    Refi 21 $2,765,000 $131,667 $0 0.00%
    Cash Out Refi 15 $2,025,000 $135,000 $0 0.00%
    Home Improvement 4 $150,000 $37,500 $0 0.00%
    Other 3 $85,000 $28,333 $0 0.00%

    For 2018, American Community Bank Of Indiana's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 126 $23,080,000 $183,175 $0 0.00%

    For 2018, American Community Bank Of Indiana's most frequently cited loan duration was Other, with 126 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 45 $2,605,000 $57,889 $0 0.00%
    $100k-200k 38 $5,500,000 $144,737 $0 0.00%
    $200k-400k 29 $7,975,000 $275,000 $0 0.00%
    $400k-600k 12 $5,260,000 $438,333 $0 0.00%
    $600k-1MM 2 $1,740,000 $870,000 $0 0.00%

    2018 saw American Community Bank Of Indiana place emphasis on $100,000 or less loans with 45 originations, totaling $2,605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 27 $6,865,000 $254,259 $0 0.00%
    $100k-150k 23 $4,925,000 $214,130 $0 0.00%
    $50k-75k 17 $2,215,000 $130,294 $0 0.00%
    $50k or less 16 $1,300,000 $81,250 $0 0.00%
    $75k-100k 16 $2,010,000 $125,625 $0 0.00%
    $250k+ 13 $3,825,000 $294,231 $0 0.00%

    American Community Bank Of Indiana lent most frequently to those with incomes in the $150k-250k range, with 27 originations. The second most popular income band? $100k-150k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 126 $23,080,000 $183,175 $0 0.00%

    American Community Bank Of Indiana lent most frequently to those with DTI ratios of Exempt%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 100 $17,330,000 $173,300 $0 0.00%
    Asian 7 $1,955,000 $279,286 $0 0.00%
    Not applicable 14 $1,940,000 $138,571 $0 0.00%
    Black 5 $1,855,000 $371,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.26%

    American Community Bank Of Indiana 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
    87.30%

    American Community Bank Of Indiana has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 126 $23,080,000 $183,175

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $610,000 $305,000
    Single Family (1-4 Units):Site-Built 124 $22,470,000 $181,210

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    AMERICAN EXPRESS COMPANY Conventional home mortgage Trouble during payment process 1 50.0%
    AMERICAN EXPRESS COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    American Community Bank of Indiana 1001 Main Street Dyer, IN 46311 Full Service B&M $26,318
    American Community Bank of Indiana 11275 Broadway Crown Point, IN 46307 Full Service B&M $1,703
    American Community Bank of Indiana 4521 Hohman Avenue Hammond, IN 46327 Full Service B&M $23,979
    American Community Bank of Indiana 7880 Wicker Avenue Saint John, IN 46373 Full Service B&M $32,155
    American Community Bank of Indiana 8230 Hohman Avenue Munster, IN 46321 Full Service B&M $97,008

    For 2018, American Community Bank Of Indiana had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,277
    Net interest income $7,389
    Total noninterest income $1,018
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $168
    Trading account gains and fees $0
    Additional Noninterest Income $850
    Pre-tax net operating income $2,027
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,557
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,557
    Minority interest net income $0
    Net income $1,557
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,557

    American Community Bank Of Indiana's gross interest income from loans was $9,277,000.
    American Community Bank Of Indiana's net interest income from loans was $7,389,000.
    American Community Bank Of Indiana's fee based income from loans was $168,000.
    American Community Bank Of Indiana's net income from loans was $1,557,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,888
    Provision for credit losses $135
    Total noninterest expense $6,245
    Salaries and employee benefits $3,519
    Premises and equipment expense $507
    Additional noninterest expense $2,219
    Applicable income taxes $470
    Net charge-offs $75
    Cash dividends $779

    American Community Bank Of Indiana's interest expense for loans was $1,888,000.
    American Community Bank Of Indiana's payroll and benefits expense were $3,519,000.
    American Community Bank Of Indiana's property, plant and equipment expenses $507,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 2.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 3.0%
    All other family 2.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $194,018
    Deposits held in domestic offices $194,018
    Deposits by Individuals, partnerships, and corporations $164,581
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $29,436
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $86,648
    Demand deposits $86,648
    Nontransaction accounts $107,369
    Money market deposit accounts (MMDAs) $12,915
    Other savings deposits (excluding MMDAs) $27,373
    Total time deposits $67,081
    Total time and savings deposits $107,369
    Noninterest-bearing deposits $24,573
    Interest-bearing deposits $169,445
    Retail deposits $183,043
    IRAs and Keogh plan accounts $10,287
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $226,401
    Cash & Balances due from depository institutions $28,616
    Interest-bearing balances $26,598
    Total securities $4,799
    Federal funds sold & reverse repurchase $0
    Net loans and leases $175,536
    Loan and leases loss allowance $1,991
    Trading account assets $0
    Bank premises and fixed assets $9,517
    Other real estate owned $151
    Goodwill and other intangibles $341
    All other assets $7,441

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $226,401
    Total Liabilities $206,724
    Total deposits $194,018
    Interest-bearing deposits $169,445
    Deposits held in domestic offices $194,018
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,335
    Subordinated debt $0
    All other liabilities $2,371

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $175,536
    Loan and leases loss allowance $1,991
    Total loans and leases (domestic) $177,527
    All real estate loans $161,093
    Real estate loans in domestic offices $161,093
    Construction and development loans $16,437
    Residential 1-4 family construction $9,792
    Other construction, all land development and other land $6,645
    Loans secured by nonfarm nonresidential properties $62,159
    Nonfarm nonresidential secured by owner-occupied properties $28,318
    Commercial real estate & other non-farm, non-residential $33,841
    Multifamily residential real estate $6,191
    1-4 family residential loans $74,987
    Farmland loans $1,319
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $15,472
    To non-U.S. addressees $0
    Loans to individuals $867
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $495
    Other loans to individuals $372
    All other loans & leases $95
    Loans to foreign governments and official institutions $0
    Other loans $95
    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 $225
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    American Community Bank of Indiana had $175,536,000 of loans outstanding in 2018. $161,093,000 of loans were in real estate loans. $16,437,000 of loans were in development loans. $6,191,000 of loans were in multifamily mortgage loans. $74,987,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $495,000 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 86 $27,593 $320,849
    Nonfarm, nonresidential loans - <$100k 15 $796 $53,067
    Nonfarm, nonresidential loans - $100-250k 19 $2,583 $135,947
    Nonfarm, nonresidential loans - $250k-1MM 52 $24,214 $465,654
    Commercial & Industrial, US addressed loans - <$1MM 77 $13,030 $169,221
    Commercial & Industrial, US addressed loans - <$100k 43 $1,531 $35,605
    Commercial & Industrial, US addressed loans - $100-250k 19 $1,784 $93,895
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $9,715 $647,667
    Farmland loans - <$1MM 3 $544 $181,333
    Farmland loans - $100-250k 2 $275 $137,500
    Farmland loans - $250k-1MM 1 $269 $269,000