American Community Bank Of Indiana Mortgage Rates, Fees & Info

Munster, IN

LEI: 254900PS2KU65ZEUOA41

Tax ID: 35-0144969

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Mortgage Data

Bank Data

Review & Overview

American Community Bank Of Indiana is a smaller bank specializing in Refi and Home Purchase loans. American Community Bank Of Indiana has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Michigan City, Terre Haute, Niles, and Indianapolis among others. We have data for 22 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 an above average pick rate when compared to similar lenders.

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Originations

455

Origination Dollar Volume (All Markets)

$119,905,000

Employee count

44

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) 422 $110,450,000 $261,730 $0 0.00%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 5 $1,695,000 $339,000 $0 0.00%
TERRE HAUTE, IN (FHA|USDA|VA) 4 $1,170,000 $292,500 $0 0.00%
NILES, MI (FHA|USDA|VA) 3 $1,015,000 $338,333 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $670,000 $335,000 $0 0.00%
MOBILE, AL (FHA|USDA|VA) 2 $640,000 $320,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
Warsaw, IN (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
TOLEDO, OH (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Holland, MI (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Outside of Metro Areas 1 $155,000 $155,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
American Community Bank Of Indiana's top markets include Chicago, Michigan City, Terre Haute, Niles, and Indianapolis among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 455 $119,905,000 $263,527 $0 0.00%

    For 2020, American Community Bank Of Indiana's most frequently originated type of loan was Conventional, with 455 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 261 $70,265,000 $269,215 $0 0.00%
    Home Purchase 107 $29,545,000 $276,121 $0 0.00%
    Cash Out Refi 85 $20,045,000 $235,824 $0 0.00%
    Home Improvement 2 $50,000 $25,000 $0 0.00%

    For 2020, American Community Bank Of Indiana's most frequently cited loan purpose was Refi, with 261 originations. The 2nd most popular reason was Home Purchase, with 107 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 455 $119,905,000 $263,527 $0 0.00%

    For 2020, American Community Bank Of Indiana's most frequently cited loan duration was Other, with 455 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 195 $56,045,000 $287,410 $0 0.00%
    $100k-200k 116 $17,500,000 $150,862 $0 0.00%
    $400k-600k 84 $40,810,000 $485,833 $0 0.00%
    $100,000 or less 57 $2,945,000 $51,667 $0 0.00%
    $600k-1MM 2 $1,400,000 $700,000 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%

    2020 saw American Community Bank Of Indiana place emphasis on $200k-400k loans with 195 originations, totaling $56,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 112 $31,610,000 $282,232 $0 0.00%
    $250k+ 112 $41,810,000 $373,304 $0 0.00%
    $100k-150k 100 $23,310,000 $233,100 $0 0.00%
    $50k-75k 54 $8,560,000 $158,519 $0 0.00%
    $75k-100k 53 $10,195,000 $192,358 $0 0.00%
    $50k or less 18 $1,970,000 $109,444 $0 0.00%

    American Community Bank Of Indiana lent most frequently to those with incomes in the $150k-250k range, with 112 originations. The second most popular income band? $250k+, with 112 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 455 $119,905,000 $263,527 $0 0.00%

    American Community Bank Of Indiana lent most frequently to those with DTI ratios of Exempt%, with 455 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 424 $109,530,000 $258,325 $0 0.00%
    Asian 15 $4,615,000 $307,667 $0 0.00%
    Black 9 $2,895,000 $321,667 $0 0.00%
    Not applicable 4 $2,060,000 $515,000 $0 0.00%
    Other Asian 2 $570,000 $285,000 $0 0.00%
    Not provided 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.78%

    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
    98.90%

    American Community Bank Of Indiana has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 455 $119,905,000 $263,527

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 455 $119,905,000 $263,527

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    AMERICAN EXPRESS COMPANY Conventional home mortgage Trouble during payment process 1 50.0%
    AMERICAN EXPRESS COMPANY Conventional home mortgage Closing on a mortgage 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 $35,683
    American Community Bank of Indiana 11275 Broadway Crown Point, IN 46307 Full Service B&M $12,535
    American Community Bank of Indiana 4521 Hohman Avenue Hammond, IN 46327 Full Service B&M $22,236
    American Community Bank of Indiana 7880 Wicker Avenue Saint John, IN 46373 Full Service B&M $49,895
    American Community Bank of Indiana 8230 Hohman Avenue Munster, IN 46321 Full Service B&M $99,274

    For 2020, American Community Bank Of Indiana had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,005
    Net interest income $8,082
    Total noninterest income $3,557
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $164
    Trading account gains and fees $0
    Additional Noninterest Income $3,393
    Pre-tax net operating income $3,922
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,980
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,980
    Minority interest net income $0
    Net income $2,980
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,980

    American Community Bank Of Indiana's gross interest income from loans was $10,005,000.
    American Community Bank Of Indiana's net interest income from loans was $8,082,000.
    American Community Bank Of Indiana's fee based income from loans was $164,000.
    American Community Bank Of Indiana's net income from loans was $2,980,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,923
    Provision for credit losses $539
    Total noninterest expense $7,178
    Salaries and employee benefits $4,065
    Premises and equipment expense $630
    Additional noninterest expense $2,483
    Applicable income taxes $942
    Net charge-offs $214
    Cash dividends $250

    American Community Bank Of Indiana's interest expense for loans was $1,923,000.
    American Community Bank Of Indiana's payroll and benefits expense were $4,065,000.
    American Community Bank Of Indiana's property, plant and equipment expenses $630,000.

    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 1.0%
    HELOC loans 1.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    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 $226,435
    Deposits held in domestic offices $226,435
    Deposits by Individuals, partnerships, and corporations $199,535
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $26,900
    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 $118,303
    Demand deposits $118,303
    Nontransaction accounts $108,132
    Money market deposit accounts (MMDAs) $13,378
    Other savings deposits (excluding MMDAs) $30,363
    Total time deposits $64,391
    Total time and savings deposits $108,132
    Noninterest-bearing deposits $40,094
    Interest-bearing deposits $186,341
    Retail deposits $216,338
    IRAs and Keogh plan accounts $9,136
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $262,108
    Cash & Balances due from depository institutions $48,007
    Interest-bearing balances $45,323
    Total securities $5,715
    Federal funds sold & reverse repurchase $0
    Net loans and leases $189,839
    Loan and leases loss allowance $2,475
    Trading account assets $0
    Bank premises and fixed assets $9,446
    Other real estate owned $1,277
    Goodwill and other intangibles $815
    All other assets $7,009

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $262,108
    Total Liabilities $238,392
    Total deposits $226,435
    Interest-bearing deposits $186,341
    Deposits held in domestic offices $226,435
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $1,957

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $189,839
    Loan and leases loss allowance $2,475
    Total loans and leases (domestic) $192,314
    All real estate loans $161,376
    Real estate loans in domestic offices $161,376
    Construction and development loans $16,092
    Residential 1-4 family construction $5,533
    Other construction, all land development and other land $10,559
    Loans secured by nonfarm nonresidential properties $72,682
    Nonfarm nonresidential secured by owner-occupied properties $36,024
    Commercial real estate & other non-farm, non-residential $36,658
    Multifamily residential real estate $3,745
    1-4 family residential loans $67,758
    Farmland loans $1,099
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $29,981
    To non-U.S. addressees $0
    Loans to individuals $895
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $680
    Other loans to individuals $215
    All other loans & leases $62
    Loans to foreign governments and official institutions $0
    Other loans $62
    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 $447
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    American Community Bank of Indiana had $189,839,000 of loans outstanding in 2020. $161,376,000 of loans were in real estate loans. $16,092,000 of loans were in development loans. $3,745,000 of loans were in multifamily mortgage loans. $67,758,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $680,000 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 95 $31,983 $336,663
    Nonfarm, nonresidential loans - <$100k 12 $617 $51,417
    Nonfarm, nonresidential loans - $100-250k 27 $4,424 $163,852
    Nonfarm, nonresidential loans - $250k-1MM 56 $26,942 $481,107
    Commercial & Industrial, US addressed loans - <$1MM 320 $23,736 $74,175
    Commercial & Industrial, US addressed loans - <$100k 250 $6,125 $24,500
    Commercial & Industrial, US addressed loans - $100-250k 41 $5,437 $132,610
    Commercial & Industrial, US addressed loans - $250k-1MM 29 $12,174 $419,793
    Farmland loans - <$1MM 1 $387 $387,000
    Farmland loans - $250k-1MM 1 $387 $387,000