American Bank Of Commerce Mortgage Rates, Fees & Info
Wolfforth, TXLEI: 5493006XE7ZLYUW25E11
Tax ID: 75-1095067
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Mortgage Data
Bank Data
Review & Overview
American Bank Of Commerce is a smaller bank specializing in various types of mortgages.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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.86% | 5/4/24 |
| 30 Year Conventional Refi | 6.47% | 5/4/24 |
| 30 Year Cash-out Refi | 6.88% | 5/4/24 |
| 30 Year FHA Purchase | 7.33% | 5/4/24 |
| 30 Year FHA Refi | 6.27% | 5/4/24 |
| 30 Year VA Purchase | 6.54% | 5/4/24 |
| 15 Year Conventional Purchase | 6.46% | 5/4/24 |
| 15 Year Conventional Refi | 6.26% | 5/4/24 |
| 15 Year Cash-out Refi | 6.26% | 5/4/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
American Bank Of Commerce Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
0Origination Dollar Volume (All Markets)
$0Employee count
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Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| American Mortgage Service Company | FHA mortgage | Closing on a mortgage | 2 | 66.7% |
| American Mortgage Service Company | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| American Bank of Commerce | 1000 W. 6th Street Pueblo, CO 81003 | Full Service B&M | $37,018 |
| American Bank of Commerce | 10920 Lakeline Mall Drive Austin, TX 78717 | Full Service B&M | $189,698 |
| American Bank of Commerce | 220 E. 8th St Austin, TX 78701 | Limited, Drive-thru | $0 |
| American Bank of Commerce | 2201 West Ben White Blvd. Austin, TX 78704 | Full Service B&M | $59,386 |
| American Bank of Commerce | 2243 West Braker Lane Austin, TX 78758 | Full Service B&M | $113,533 |
| American Bank of Commerce | 2535 West Anderson Lane Austin, TX 78757 | Full Service B&M | $22,880 |
| American Bank of Commerce | 434 S. Tejon Colorado Springs, CO 80903 | Full Service B&M | $37,024 |
| American Bank of Commerce | 4656 North Loop 289 Lubbock, TX 79416 | Full Service B&M | $3,431 |
| American Bank of Commerce | 5050 Quorum, Suite 100 Dallas, TX 75254 | Full Service B&M | $42,624 |
| American Bank of Commerce | 50th And Memphis Lubbock, TX 79413 | Full Service B&M | $138,917 |
| American Bank of Commerce | 610 West 5th Street Austin, TX 78701 | Full Service B&M | $401,422 |
| American Bank of Commerce | 7001 Preston Road, Suite 100 Dallas, TX 75205 | Full Service B&M | $7,221 |
| American Bank of Commerce | 8112 Indiana Avenue Lubbock, TX 79423 | Full Service B&M | $60,120 |
| American Bank of Commerce | 8668 Spicewood Springs Road Austin, TX 78759 | Full Service B&M | $14,339 |
| American Bank of Commerce | U.S. Highway 82 And Loop 193 Wolfforth, TX 79382 | Limited, Mobile/Seasonal Office | $0 |
| American Bank of Commerce | U.S. Highway 82 And Loop 193 Wolfforth, TX 79382 | Full Service B&M | $104,671 |
For 2021, American Bank Of Commerce had 16 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $42,909 |
| Net interest income | $38,544 |
| Total noninterest income | $8,351 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,094 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $7,257 |
| Pre-tax net operating income | $13,789 |
| Securities gains (or losses, -) | $-1 |
| Income before extraordinary items | $11,713 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $11,713 |
| Minority interest net income | $-49 |
| Net income | $11,762 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $11,713 |
American Bank Of Commerce's gross interest income from loans was $42,909,000.
American Bank Of Commerce's net interest income from loans was $38,544,000.
American Bank Of Commerce's fee based income from loans was $1,094,000.
American Bank Of Commerce's net income from loans was $11,762,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,365 |
| Provision for credit losses | $0 |
| Total noninterest expense | $33,106 |
| Salaries and employee benefits | $20,621 |
| Premises and equipment expense | $2,610 |
| Additional noninterest expense | $9,875 |
| Applicable income taxes | $2,075 |
| Net charge-offs | $77 |
| Cash dividends | $1,250 |
American Bank Of Commerce's interest expense for loans was $4,365,000.
American Bank Of Commerce's payroll and benefits expense were $20,621,000.
American Bank Of Commerce's property, plant and equipment expenses $2,610,000.
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 | 3.0% |
| 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 | $1,312,432 |
| Deposits held in domestic offices | $1,312,432 |
| Deposits by Individuals, partnerships, and corporations | $1,282,829 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $29,603 |
| 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 | $390,460 |
| Demand deposits | $353,918 |
| Nontransaction accounts | $921,972 |
| Money market deposit accounts (MMDAs) | $431,062 |
| Other savings deposits (excluding MMDAs) | $312,607 |
| Total time deposits | $178,303 |
| Total time and savings deposits | $958,514 |
| Noninterest-bearing deposits | $352,471 |
| Interest-bearing deposits | $959,961 |
| Retail deposits | $1,245,878 |
| IRAs and Keogh plan accounts | $14,842 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,482,815 |
| Cash & Balances due from depository institutions | $14,812 |
| Interest-bearing balances | $1,612 |
| Total securities | $619,887 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $800,197 |
| Loan and leases loss allowance | $11,355 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $12,969 |
| Other real estate owned | $200 |
| Goodwill and other intangibles | $1,168 |
| All other assets | $33,582 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,482,815 |
| Total Liabilities | $1,369,133 |
| Total deposits | $1,312,432 |
| Interest-bearing deposits | $959,961 |
| Deposits held in domestic offices | $1,312,432 |
| % insured (estimated) | $53 |
| Federal funds purchased and repurchase agreements | $45,790 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $10,911 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $800,197 |
| Loan and leases loss allowance | $11,355 |
| Total loans and leases (domestic) | $811,552 |
| All real estate loans | $666,660 |
| Real estate loans in domestic offices | $666,660 |
| Construction and development loans | $130,617 |
| Residential 1-4 family construction | $29,263 |
| Other construction, all land development and other land | $101,354 |
| Loans secured by nonfarm nonresidential properties | $347,094 |
| Nonfarm nonresidential secured by owner-occupied properties | $168,236 |
| Commercial real estate & other non-farm, non-residential | $178,858 |
| Multifamily residential real estate | $62,514 |
| 1-4 family residential loans | $121,965 |
| Farmland loans | $4,470 |
| Loans held in foreign offices | $0 |
| Farm loans | $17,646 |
| Commercial and industrial loans | $124,781 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $4,562 |
| Credit card loans | $945 |
| Related Plans | $1,207 |
| Consumer Auto Loans | $329 |
| Other loans to individuals | $2,081 |
| All other loans & leases | $1,061 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,061 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $121 |
| 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 Bank of Commerce had $800,197,000 of loans outstanding in 2021. $666,660,000 of loans were in real estate loans. $130,617,000 of loans were in development loans. $62,514,000 of loans were in multifamily mortgage loans. $121,965,000 of loans were in 1-4 family mortgage loans. $17,646,000 of loans were in farm loans. $945,000 of loans were in credit card loans. $329,000 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 | 160 | $50,805 | $317,531 |
| Nonfarm, nonresidential loans - <$100k | 6 | $266 | $44,333 |
| Nonfarm, nonresidential loans - $100-250k | 50 | $5,987 | $119,740 |
| Nonfarm, nonresidential loans - $250k-1MM | 104 | $44,552 | $428,385 |
| Commercial & Industrial, US addressed loans - <$1MM | 451 | $34,647 | $76,823 |
| Commercial & Industrial, US addressed loans - <$100k | 270 | $4,599 | $17,033 |
| Commercial & Industrial, US addressed loans - $100-250k | 76 | $6,384 | $84,000 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 105 | $23,664 | $225,371 |
| Farmland loans - <$1MM | 8 | $1,517 | $189,625 |
| Farmland loans - $100-250k | 3 | $277 | $92,333 |
| Farmland loans - $250k-1MM | 5 | $1,240 | $248,000 |
| Agriculture operations loans - <$1MM | 66 | $7,778 | $117,848 |
| Agriculture operations loans - <$100k | 27 | $1,151 | $42,630 |
| Agriculture operations loans - $100-250k | 18 | $2,059 | $114,389 |
| Agriculture operations loans - $250k-1MM | 21 | $4,568 | $217,524 |