American Bank Mortgage Rates, Fees & Info

Allentown, PA

LEI: 5493000V0CXKSOK29E51

Tax ID: 23-2852733

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Mortgage Data

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

    American Bank is a smaller bank specializing in Refi and Home Purchase loans. American Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Allentown, Philadelphia, Pottsville, Reading, and Scranton among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American Bank 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.

    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.

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    Originations

    128

    Origination Dollar Volume (All Markets)

    $30,600,000

    Employee count

    58

    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
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 110 $23,260,000 $211,455 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 11 $5,495,000 $499,545 $0 0.00%
    Pottsville, PA (FHA|USDA|VA) 2 $610,000 $305,000 $0 0.00%
    READING, PA (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    LANCASTER, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    American Bank's top markets include Allentown, Philadelphia, Pottsville, Reading, and Scranton among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 127 $30,385,000 $239,252 $0 0.00%
    USDA 1 $215,000 $215,000 $0 0.00%

    For 2019, American Bank's most frequently originated type of loan was Conventional, with 127 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 66 $11,710,000 $177,424 $0 0.00%
    Home Purchase 51 $18,115,000 $355,196 $0 0.00%
    Home Improvement 7 $615,000 $87,857 $0 0.00%
    Other 4 $160,000 $40,000 $0 0.00%

    For 2019, American Bank's most frequently cited loan purpose was Refi, with 66 originations. The 2nd most popular reason was Home Purchase, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 128 $30,600,000 $239,063 $0 0.00%

    For 2019, American Bank's most frequently cited loan duration was Other, with 128 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 48 $7,230,000 $150,625 $0 0.00%
    $100,000 or less 32 $1,760,000 $55,000 $0 0.00%
    $200k-400k 30 $8,060,000 $268,667 $0 0.00%
    $400k-600k 12 $5,760,000 $480,000 $0 0.00%
    $1MM+ 4 $6,510,000 $1,627,500 $0 0.00%
    $600k-1MM 2 $1,280,000 $640,000 $0 0.00%

    2019 saw American Bank place emphasis on $100k-200k loans with 48 originations, totaling $7,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 24 $5,440,000 $226,667 $0 0.00%
    $100k-150k 18 $3,110,000 $172,778 $0 0.00%
    $75k-100k 15 $2,695,000 $179,667 $0 0.00%
    $50k-75k 14 $1,670,000 $119,286 $0 0.00%
    $250k+ 12 $3,510,000 $292,500 $0 0.00%
    $50k or less 11 $1,145,000 $104,091 $0 0.00%

    American Bank lent most frequently to those with incomes in the $150k-250k range, with 24 originations. The second most popular income band? $100k-150k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 128 $30,600,000 $239,063 $0 0.00%

    American Bank lent most frequently to those with DTI ratios of Exempt%, with 128 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $17,360,000 $184,681 $0 0.00%
    Not applicable 29 $12,495,000 $430,862 $0 0.00%
    Black 2 $440,000 $220,000 $0 0.00%
    Not provided 2 $190,000 $95,000 $0 0.00%
    Asian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.96%

    American Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.19%

    American Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 128 $30,600,000 $239,063

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $2,325,000 $2,325,000
    Multifamily:Site-Built 8 $5,850,000 $731,250
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 118 $22,370,000 $189,576

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    AMERIS BANCORP Conventional home mortgage Struggling to pay mortgage 1 7.1%
    AMERIS BANCORP Conventional home mortgage Closing on a mortgage 1 7.1%
    AMERIS BANCORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 14.3%
    AMERIS BANCORP VA mortgage Trouble during payment process 1 7.1%
    AMERIS BANCORP Other type of mortgage Struggling to pay mortgage 1 7.1%
    AMERIS BANCORP Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 14.3%
    AMERIS BANCORP FHA mortgage Trouble during payment process 1 7.1%
    AMERIS BANCORP Conventional home mortgage Trouble during payment process 5 35.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    American Bank 4029 West Tilghman Street Allentown, PA 18104 Full Service B&M $477,587

    For 2019, American Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,889
    Net interest income $18,830
    Total noninterest income $1,370
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $102
    Trading account gains and fees $0
    Additional Noninterest Income $1,268
    Pre-tax net operating income $10,614
    Securities gains (or losses, -) $0
    Income before extraordinary items $8,453
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,453
    Minority interest net income $0
    Net income $8,453
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,453

    American Bank's gross interest income from loans was $25,889,000.
    American Bank's net interest income from loans was $18,830,000.
    American Bank's fee based income from loans was $102,000.
    American Bank's net income from loans was $8,453,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,059
    Provision for credit losses $205
    Total noninterest expense $9,381
    Salaries and employee benefits $5,134
    Premises and equipment expense $1,078
    Additional noninterest expense $3,169
    Applicable income taxes $2,161
    Net charge-offs $10
    Cash dividends $4,090

    American Bank's interest expense for loans was $7,059,000.
    American Bank's payroll and benefits expense were $5,134,000.
    American Bank's property, plant and equipment expenses $1,078,000.

    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 0.0%
    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 $478,476
    Deposits held in domestic offices $478,476
    Deposits by Individuals, partnerships, and corporations $464,247
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $14,216
    Deposits by Commercial banks and other depository institutions in U.S. $14
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $39,210
    Demand deposits $39,210
    Nontransaction accounts $439,267
    Money market deposit accounts (MMDAs) $85,156
    Other savings deposits (excluding MMDAs) $185,260
    Total time deposits $168,851
    Total time and savings deposits $439,267
    Noninterest-bearing deposits $49,795
    Interest-bearing deposits $428,681
    Retail deposits $454,551
    IRAs and Keogh plan accounts $37,110
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $640,427
    Cash & Balances due from depository institutions $25,406
    Interest-bearing balances $22,520
    Total securities $60,019
    Federal funds sold & reverse repurchase $0
    Net loans and leases $518,158
    Loan and leases loss allowance $6,800
    Trading account assets $0
    Bank premises and fixed assets $12,049
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $24,795

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $640,427
    Total Liabilities $571,448
    Total deposits $478,476
    Interest-bearing deposits $428,681
    Deposits held in domestic offices $478,476
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $25,892
    Trading liabilities $0
    Other borrowed funds $65,155
    Subordinated debt $0
    All other liabilities $1,925

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $518,158
    Loan and leases loss allowance $6,800
    Total loans and leases (domestic) $524,958
    All real estate loans $472,616
    Real estate loans in domestic offices $472,616
    Construction and development loans $40,792
    Residential 1-4 family construction $12,740
    Other construction, all land development and other land $28,052
    Loans secured by nonfarm nonresidential properties $311,235
    Nonfarm nonresidential secured by owner-occupied properties $107,171
    Commercial real estate & other non-farm, non-residential $204,064
    Multifamily residential real estate $35,981
    1-4 family residential loans $84,040
    Farmland loans $568
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $51,483
    To non-U.S. addressees $0
    Loans to individuals $842
    Credit card loans $480
    Related Plans $36
    Consumer Auto Loans $183
    Other loans to individuals $143
    All other loans & leases $18
    Loans to foreign governments and official institutions $0
    Other loans $18
    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 $793
    Non 1-4 family restructured loans & leases $284
    Total loans and leases (foreign) $0

    American Bank had $518,158,000 of loans outstanding in 2019. $472,616,000 of loans were in real estate loans. $40,792,000 of loans were in development loans. $35,981,000 of loans were in multifamily mortgage loans. $84,040,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $480,000 of loans were in credit card loans. $183,000 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 273 $77,237 $282,919
    Nonfarm, nonresidential loans - <$100k 43 $1,293 $30,070
    Nonfarm, nonresidential loans - $100-250k 77 $9,809 $127,390
    Nonfarm, nonresidential loans - $250k-1MM 153 $66,135 $432,255
    Commercial & Industrial, US addressed loans - <$1MM 324 $26,726 $82,488
    Commercial & Industrial, US addressed loans - <$100k 164 $4,402 $26,841
    Commercial & Industrial, US addressed loans - $100-250k 102 $7,934 $77,784
    Commercial & Industrial, US addressed loans - $250k-1MM 58 $14,390 $248,103