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, Durant, Dallas, Duncan, and Weatherford 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 average approval rate when compared to the average across all lenders. They have an 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

    130

    Origination Dollar Volume (All Markets)

    $14,430,000

    Employee count

    102

    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) 88 $9,310,000 $105,795 $0 0.00%
    Durant, OK (FHA|USDA|VA) 13 $2,215,000 $170,385 $0 0.00%
    Outside of Metro Areas 10 $1,040,000 $104,000 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $995,000 $199,000 $0 0.00%
    Duncan, OK (FHA|USDA|VA) 12 $730,000 $60,833 $0 0.00%
    Weatherford, OK (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    American Nation Bank's top markets include Ardmore, Durant, Dallas, Duncan, and Weatherford 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 130 $14,430,000 $111,000 $0 0.00%

    For 2021, American Nation Bank's most frequently originated type of loan was Conventional, with 130 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 81 $9,845,000 $121,543 $0 0.00%
    Refi 38 $4,080,000 $107,368 $0 0.00%
    Home Improvement 8 $310,000 $38,750 $0 0.00%
    Other 3 $195,000 $65,000 $0 0.00%

    For 2021, American Nation Bank's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 130 $14,430,000 $111,000 $0 0.00%

    For 2021, American Nation Bank's most frequently cited loan duration was Other, with 130 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 85 $4,785,000 $56,294 $0 0.00%
    $100k-200k 28 $3,790,000 $135,357 $0 0.00%
    $200k-400k 14 $4,000,000 $285,714 $0 0.00%
    $400k-600k 2 $960,000 $480,000 $0 0.00%
    $600k-1MM 1 $895,000 $895,000 $0 0.00%

    2021 saw American Nation Bank place emphasis on $100,000 or less loans with 85 originations, totaling $4,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 25 $1,455,000 $58,200 $0 0.00%
    $50k-75k 17 $1,105,000 $65,000 $0 0.00%
    $100k-150k 16 $2,290,000 $143,125 $0 0.00%
    $150k-250k 11 $2,795,000 $254,091 $0 0.00%
    $75k-100k 9 $985,000 $109,444 $0 0.00%
    $250k+ 7 $695,000 $99,286 $0 0.00%

    American Nation Bank lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $50k-75k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 130 $14,430,000 $111,000 $0 0.00%

    American Nation Bank lent most frequently to those with DTI ratios of Exempt%, with 130 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 80 $8,200,000 $102,500 $0 0.00%
    Not applicable 44 $4,950,000 $112,500 $0 0.00%
    American Indian 4 $830,000 $207,500 $0 0.00%
    Black 1 $305,000 $305,000 $0 0.00%
    Asian 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.31%

    American Nation Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.77%

    American Nation Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 130 $14,430,000 $111,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    130 $14,430,000 $111,000

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    AMERICAN FINANCING CORPORATION VA mortgage Closing on a mortgage 1 8.3%
    AMERICAN FINANCING CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 8.3%
    AMERICAN FINANCING CORPORATION FHA mortgage Struggling to pay mortgage 1 8.3%
    AMERICAN FINANCING CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 25.0%
    AMERICAN FINANCING CORPORATION Conventional home mortgage Closing on a mortgage 3 25.0%
    AMERICAN FINANCING CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 25.0%

    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 $5,918
    American Nation Bank 1117 South Commerce Ardmore, OK 73401 Full Service B&M $12,580
    American Nation Bank 122 Oak Main Street Comanche, OK 73529 Full Service B&M $26,260
    American Nation Bank 1251 Us Highway 70 A Wilson, OK 73463 Full Service B&M $46,667
    American Nation Bank 1901 North Commerce Ardmore, OK 73401 Full Service B&M $253,822
    American Nation Bank 205 North Commerce Ardmore, OK 73401 Full Service B&M $9,662
    American Nation Bank 6295 West Broadway Ardmore, OK 73401 Full Service B&M $35,786
    American Nation Bank 825 N. Saginaw Blvd. Saginaw, TX 76179 Full Service B&M $45,587
    American Nation Bank 975 Keller Parkway Keller, TX 76248 Full Service B&M $52,293

    For 2021, American Nation Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,198
    Net interest income $18,101
    Total noninterest income $2,786
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,282
    Trading account gains and fees $0
    Additional Noninterest Income $1,504
    Pre-tax net operating income $7,994
    Securities gains (or losses, -) $200
    Income before extraordinary items $8,194
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,194
    Minority interest net income $0
    Net income $8,194
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,994

    American Nation Bank's gross interest income from loans was $21,198,000.
    American Nation Bank's net interest income from loans was $18,101,000.
    American Nation Bank's fee based income from loans was $1,282,000.
    American Nation Bank's net income from loans was $8,194,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,097
    Provision for credit losses $1,210
    Total noninterest expense $11,683
    Salaries and employee benefits $7,087
    Premises and equipment expense $1,485
    Additional noninterest expense $3,111
    Applicable income taxes $0
    Net charge-offs $-7
    Cash dividends $3,755

    American Nation Bank's interest expense for loans was $3,097,000.
    American Nation Bank's payroll and benefits expense were $7,087,000.
    American Nation Bank's property, plant and equipment expenses $1,485,000.

    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 $516,353
    Deposits held in domestic offices $516,353
    Deposits by Individuals, partnerships, and corporations $488,573
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $27,724
    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 $196,508
    Demand deposits $117,993
    Nontransaction accounts $319,845
    Money market deposit accounts (MMDAs) $26,713
    Other savings deposits (excluding MMDAs) $67,623
    Total time deposits $225,510
    Total time and savings deposits $398,360
    Noninterest-bearing deposits $118,243
    Interest-bearing deposits $398,110
    Retail deposits $442,990
    IRAs and Keogh plan accounts $16,200
    Brokered deposits $18,643
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $581,869
    Cash & Balances due from depository institutions $27,698
    Interest-bearing balances $16,710
    Total securities $182,991
    Federal funds sold & reverse repurchase $3,735
    Net loans and leases $351,526
    Loan and leases loss allowance $5,315
    Trading account assets $0
    Bank premises and fixed assets $7,583
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $8,336

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $581,869
    Total Liabilities $528,426
    Total deposits $516,353
    Interest-bearing deposits $398,110
    Deposits held in domestic offices $516,353
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $2,073

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $351,526
    Loan and leases loss allowance $5,315
    Total loans and leases (domestic) $356,841
    All real estate loans $289,857
    Real estate loans in domestic offices $289,857
    Construction and development loans $40,269
    Residential 1-4 family construction $6,759
    Other construction, all land development and other land $33,510
    Loans secured by nonfarm nonresidential properties $145,002
    Nonfarm nonresidential secured by owner-occupied properties $64,672
    Commercial real estate & other non-farm, non-residential $80,330
    Multifamily residential real estate $9,027
    1-4 family residential loans $84,061
    Farmland loans $11,498
    Loans held in foreign offices $0
    Farm loans $25,168
    Commercial and industrial loans $20,116
    To non-U.S. addressees $0
    Loans to individuals $20,321
    Credit card loans $706
    Related Plans $65
    Consumer Auto Loans $10,953
    Other loans to individuals $8,597
    All other loans & leases $1,393
    Loans to foreign governments and official institutions $0
    Other loans $1,393
    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 $351,526,000 of loans outstanding in 2021. $289,857,000 of loans were in real estate loans. $40,269,000 of loans were in development loans. $9,027,000 of loans were in multifamily mortgage loans. $84,061,000 of loans were in 1-4 family mortgage loans. $25,168,000 of loans were in farm loans. $706,000 of loans were in credit card loans. $10,953,000 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 223 $50,778 $227,704
    Nonfarm, nonresidential loans - <$100k 72 $3,036 $42,167
    Nonfarm, nonresidential loans - $100-250k 60 $8,669 $144,483
    Nonfarm, nonresidential loans - $250k-1MM 91 $39,073 $429,374
    Commercial & Industrial, US addressed loans - <$1MM 263 $14,853 $56,475
    Commercial & Industrial, US addressed loans - <$100k 216 $5,723 $26,495
    Commercial & Industrial, US addressed loans - $100-250k 31 $3,461 $111,645
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $5,669 $354,313
    Farmland loans - <$1MM 78 $7,175 $91,987
    Farmland loans - <$100k 40 $1,469 $36,725
    Farmland loans - $100-250k 30 $3,720 $124,000
    Farmland loans - $250k-1MM 8 $1,986 $248,250
    Agriculture operations loans - <$1MM 380 $20,491 $53,924
    Agriculture operations loans - <$100k 307 $7,034 $22,912
    Agriculture operations loans - $100-250k 42 $5,260 $125,238
    Agriculture operations loans - $250k-1MM 31 $8,197 $264,419