American Nation Bank Mortgage Rates, Fees & Info

Ardmore, OK

LEI: 5493001YBS0V28ZNVE97

Tax ID: 73-1171113

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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 Nation Bank is a smaller bank specializing in Home Purchase and Refi loans. American Nation Bank has a high proportion of conventional loans. Their top markets by origination volume include: Ardmore, Dallas, Durant, Granbury, and Duncan among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American Nation Bank 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.

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    Originations

    135

    Origination Dollar Volume (All Markets)

    $18,675,000

    Employee count

    96

    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
    Ardmore, OK (FHA|USDA|VA) 90 $11,000,000 $122,222 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $4,270,000 $305,000 $0 0.00%
    Durant, OK (FHA|USDA|VA) 11 $1,575,000 $143,182 $0 0.00%
    Outside of Metro Areas 11 $1,115,000 $101,364 $0 0.00%
    Granbury, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Duncan, OK (FHA|USDA|VA) 7 $245,000 $35,000 $0 0.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    American Nation Bank's top markets include Ardmore, Dallas, Durant, Granbury, and Duncan among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 135 $18,675,000 $138,333 $0 0.00%

    For 2019, American Nation Bank's most frequently originated type of loan was Conventional, with 135 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 86 $13,490,000 $156,860 $0 0.00%
    Refi 28 $3,810,000 $136,071 $0 0.00%
    Home Improvement 13 $745,000 $57,308 $0 0.00%
    Other 8 $630,000 $78,750 $0 0.00%

    For 2019, American Nation Bank's most frequently cited loan purpose was Home Purchase, with 86 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 135 $18,675,000 $138,333 $0 0.00%

    For 2019, American Nation Bank's most frequently cited loan duration was Other, with 135 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 77 $4,055,000 $52,662 $0 0.00%
    $100k-200k 33 $4,605,000 $139,545 $0 0.00%
    $200k-400k 19 $5,105,000 $268,684 $0 0.00%
    $400k-600k 3 $1,445,000 $481,667 $0 0.00%
    $600k-1MM 2 $1,250,000 $625,000 $0 0.00%
    $1MM+ 1 $2,215,000 $2,215,000 $0 0.00%

    2019 saw American Nation Bank place emphasis on $100,000 or less loans with 77 originations, totaling $4,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $2,715,000 $129,286 $0 0.00%
    $50k or less 19 $1,015,000 $53,421 $0 0.00%
    $50k-75k 18 $1,440,000 $80,000 $0 0.00%
    $250k+ 15 $3,355,000 $223,667 $0 0.00%
    $75k-100k 14 $1,100,000 $78,571 $0 0.00%
    $150k-250k 8 $4,370,000 $546,250 $0 0.00%

    American Nation Bank lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $50k or less, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 135 $18,675,000 $138,333 $0 0.00%

    American Nation Bank lent most frequently to those with DTI ratios of Exempt%, with 135 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 88 $10,880,000 $123,636 $0 0.00%
    Not applicable 39 $4,415,000 $113,205 $0 0.00%
    Asian 2 $2,520,000 $1,260,000 $0 0.00%
    American Indian 6 $860,000 $143,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.21%

    American Nation Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.15%

    American Nation Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 135 $18,675,000 $138,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $335,000 $335,000
    Single Family (1-4 Units):Manufactured 20 $1,270,000 $63,500
    Single Family (1-4 Units):Site-Built 114 $17,070,000 $149,737

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    AMERICAN FINANCING CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    American Nation Bank 3018 West University Boulevard Durant, OK 74701 Full Service B&M $41
    American Nation Bank 1117 South Commerce Ardmore, OK 73401 Full Service B&M $15,389
    American Nation Bank 122 Oak Main Street Comanche, OK 73529 Full Service B&M $23,626
    American Nation Bank 1251 Us Highway 70 A Wilson, OK 73463 Full Service B&M $38,806
    American Nation Bank 1901 North Commerce Ardmore, OK 73401 Full Service B&M $183,631
    American Nation Bank 205 North Commerce Ardmore, OK 73401 Full Service B&M $7,166
    American Nation Bank 6295 West Broadway Ardmore, OK 73401 Full Service B&M $32,997
    American Nation Bank 825 N. Saginaw Blvd. Saginaw, TX 76179 Full Service B&M $28,386
    American Nation Bank 975 Keller Parkway Keller, TX 76248 Full Service B&M $40,890

    For 2019, American Nation Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,724
    Net interest income $13,671
    Total noninterest income $2,897
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,763
    Trading account gains and fees $0
    Additional Noninterest Income $1,134
    Pre-tax net operating income $5,119
    Securities gains (or losses, -) $16
    Income before extraordinary items $5,135
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,135
    Minority interest net income $0
    Net income $5,135
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,119

    American Nation Bank's gross interest income from loans was $18,724,000.
    American Nation Bank's net interest income from loans was $13,671,000.
    American Nation Bank's fee based income from loans was $1,763,000.
    American Nation Bank's net income from loans was $5,135,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,053
    Provision for credit losses $790
    Total noninterest expense $10,659
    Salaries and employee benefits $6,196
    Premises and equipment expense $1,243
    Additional noninterest expense $3,220
    Applicable income taxes $0
    Net charge-offs $465
    Cash dividends $2,690

    American Nation Bank's interest expense for loans was $5,053,000.
    American Nation Bank's payroll and benefits expense were $6,196,000.
    American Nation Bank's property, plant and equipment expenses $1,243,000.

    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 0.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.4%
    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 $380,433
    Deposits held in domestic offices $380,433
    Deposits by Individuals, partnerships, and corporations $356,795
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,582
    Deposits by Commercial banks and other depository institutions in U.S. $56
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $113,323
    Demand deposits $64,834
    Nontransaction accounts $267,110
    Money market deposit accounts (MMDAs) $12,638
    Other savings deposits (excluding MMDAs) $40,781
    Total time deposits $213,693
    Total time and savings deposits $315,599
    Noninterest-bearing deposits $64,917
    Interest-bearing deposits $315,516
    Retail deposits $317,377
    IRAs and Keogh plan accounts $15,534
    Brokered deposits $19,868
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $445,868
    Cash & Balances due from depository institutions $17,285
    Interest-bearing balances $6,574
    Total securities $151,286
    Federal funds sold & reverse repurchase $6,180
    Net loans and leases $255,654
    Loan and leases loss allowance $3,163
    Trading account assets $0
    Bank premises and fixed assets $7,624
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $7,839

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $445,868
    Total Liabilities $398,747
    Total deposits $380,433
    Interest-bearing deposits $315,516
    Deposits held in domestic offices $380,433
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $16,000
    Subordinated debt $0
    All other liabilities $2,314

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $255,654
    Loan and leases loss allowance $3,163
    Total loans and leases (domestic) $258,817
    All real estate loans $196,323
    Real estate loans in domestic offices $196,323
    Construction and development loans $14,843
    Residential 1-4 family construction $3,406
    Other construction, all land development and other land $11,437
    Loans secured by nonfarm nonresidential properties $73,212
    Nonfarm nonresidential secured by owner-occupied properties $51,099
    Commercial real estate & other non-farm, non-residential $22,113
    Multifamily residential real estate $9,982
    1-4 family residential loans $87,193
    Farmland loans $11,093
    Loans held in foreign offices $0
    Farm loans $21,822
    Commercial and industrial loans $13,806
    To non-U.S. addressees $0
    Loans to individuals $19,757
    Credit card loans $708
    Related Plans $107
    Consumer Auto Loans $8,357
    Other loans to individuals $10,585
    All other loans & leases $7,116
    Loans to foreign governments and official institutions $0
    Other loans $7,116
    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

    American Nation Bank had $255,654,000 of loans outstanding in 2019. $196,323,000 of loans were in real estate loans. $14,843,000 of loans were in development loans. $9,982,000 of loans were in multifamily mortgage loans. $87,193,000 of loans were in 1-4 family mortgage loans. $21,822,000 of loans were in farm loans. $708,000 of loans were in credit card loans. $8,357,000 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 212 $42,949 $202,590
    Nonfarm, nonresidential loans - <$100k 77 $2,871 $37,286
    Nonfarm, nonresidential loans - $100-250k 52 $6,737 $129,558
    Nonfarm, nonresidential loans - $250k-1MM 83 $33,341 $401,699
    Commercial & Industrial, US addressed loans - <$1MM 228 $12,042 $52,816
    Commercial & Industrial, US addressed loans - <$100k 190 $4,329 $22,784
    Commercial & Industrial, US addressed loans - $100-250k 20 $1,737 $86,850
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $5,976 $332,000
    Farmland loans - <$1MM 80 $7,723 $96,538
    Farmland loans - <$100k 41 $1,767 $43,098
    Farmland loans - $100-250k 32 $4,051 $126,594
    Farmland loans - $250k-1MM 7 $1,905 $272,143
    Agriculture operations loans - <$1MM 403 $20,894 $51,846
    Agriculture operations loans - <$100k 312 $6,533 $20,939
    Agriculture operations loans - $100-250k 72 $9,622 $133,639
    Agriculture operations loans - $250k-1MM 19 $4,739 $249,421