American First National Bank Mortgage Rates, Fees & Info
Houston, TXLEI: 549300B190GPYLAX3Y92
Tax ID: 76-0555667
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Bank Data
Review & Overview
American First National Bank is a smaller bank specializing in Home Purchase and Refi loans. American First National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Los Angeles, Las Vegas, Dallas, and Picayune among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)American First National 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.
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Originations
33Origination Dollar Volume (All Markets)
$24,925,000Employee count
231Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 21 | $19,575,000 | $932,143 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $2,055,000 | $2,055,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $1,920,000 | $480,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $0 | 0.00% |
| Picayune, MS (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $24,925,000 | $755,303 | $0 | 0.00% |
For 2020, American First National Bank's most frequently originated type of loan was Conventional, with 33 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 28 | $17,860,000 | $637,857 | $0 | 0.00% |
| Refi | 5 | $7,065,000 | $1,413,000 | $0 | 0.00% |
For 2020, American First National Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 33 | $24,925,000 | $755,303 | $0 | 0.00% |
For 2020, American First National Bank's most frequently cited loan duration was Other, with 33 originations.
Loan Sizing
2020 saw American First National Bank place emphasis on $200k-400k loans with 9 originations, totaling $2,305,000 in origination value.
Applicant Income
American First National Bank lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $250k+, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 33 | $24,925,000 | $755,303 | $0 | 0.00% |
American First National Bank lent most frequently to those with DTI ratios of Exempt%, with 33 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 16 | $19,410,000 | $1,213,125 | $0 | 0.00% |
| Asian | 17 | $5,515,000 | $324,412 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.22%
American First National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.94%
American First National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 33 | $24,925,000 | $755,303 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 8 | $12,280,000 | $1,535,000 |
| Single Family (1-4 Units):Site-Built | 25 | $12,645,000 | $505,800 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| American First Finance, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| American First National Bank | 10405 South Eastern Avenue Henderson, NV 89052 | Full Service B&M | $10,223 |
| American First National Bank | 1231 S Mason Rd Katy, TX 77450 | Full Service B&M | $81,425 |
| American First National Bank | 1318 Blalock Road Houston, TX 77055 | Full Service B&M | $85,312 |
| American First National Bank | 1420 East Valley Boulevard, Suite A Alhambra, CA 91801 | Full Service B&M | $102,349 |
| American First National Bank | 1600 S. State Hwy 373 Amargosa Valley, NV 89020 | Full Service B&M | $4,375 |
| American First National Bank | 18605 East Gale Ave, Suite 100 City Of Industry, CA 91748 | Full Service B&M | $128,016 |
| American First National Bank | 1912 Avenue K Plano, TX 75074 | Full Service B&M | $34,202 |
| American First National Bank | 2200 New York Ave. Arlington, TX 76010 | Full Service B&M | $22,416 |
| American First National Bank | 240 Legacy Drive, Ste, 112 Plano, TX 75023 | Full Service B&M | $68,014 |
| American First National Bank | 2625 Old Denton Rd, Suite 552 Carrollton, TX 75007 | Full Service B&M | $16,458 |
| American First National Bank | 2630 Royal Ln Dallas, TX 75229 | Full Service B&M | $50,812 |
| American First National Bank | 3306 West Walnut Garland, TX 75042 | Full Service B&M | $57,213 |
| American First National Bank | 3340 S Highway 160 Pahrump, NV 89048 | Full Service B&M | $58,605 |
| American First National Bank | 3412 South Highway 6, Suite J Sugar Land, TX 77478 | Full Service B&M | $5,108 |
| American First National Bank | 400 North Greenville Avenue, Suite 7 Richardson, TX 75081 | Full Service B&M | $124,916 |
| American First National Bank | 4915 Hwy 6 S Missouri City, TX 77459 | Full Service B&M | $207,458 |
| American First National Bank | 6822 W. Sahara Ave Las Vegas, NV 89146 | Full Service B&M | $141,536 |
| American First National Bank | 7038 Harwin Dr Houston, TX 77036 | Full Service B&M | $119,697 |
| American First National Bank | 815 West Naomi Avenue Arcadia, CA 91007 | Full Service B&M | $11,683 |
| American First National Bank | 9999 Bellaire Boulevard Houston, TX 77036 | Full Service B&M | $398,481 |
For 2020, American First National Bank had 20 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $89,801 |
| Net interest income | $69,772 |
| Total noninterest income | $2,741 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $953 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,788 |
| Pre-tax net operating income | $30,993 |
| Securities gains (or losses, -) | $549 |
| Income before extraordinary items | $24,899 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $24,899 |
| Minority interest net income | $0 |
| Net income | $24,899 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $24,465 |
American First National Bank's gross interest income from loans was $89,801,000.
American First National Bank's net interest income from loans was $69,772,000.
American First National Bank's fee based income from loans was $953,000.
American First National Bank's net income from loans was $24,899,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $20,029 |
| Provision for credit losses | $4,129 |
| Total noninterest expense | $37,391 |
| Salaries and employee benefits | $23,270 |
| Premises and equipment expense | $5,123 |
| Additional noninterest expense | $8,998 |
| Applicable income taxes | $6,643 |
| Net charge-offs | $825 |
| Cash dividends | $7,642 |
American First National Bank's interest expense for loans was $20,029,000.
American First National Bank's payroll and benefits expense were $23,270,000.
American First National Bank's property, plant and equipment expenses $5,123,000.
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 | $1,823,856 |
| Deposits held in domestic offices | $1,823,856 |
| Deposits by Individuals, partnerships, and corporations | $1,822,555 |
| Deposits by U.S. Government | $1,301 |
| Deposits by States and political subdivisions in the U.S. | $0 |
| 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 | $446,170 |
| Demand deposits | $380,381 |
| Nontransaction accounts | $1,377,686 |
| Money market deposit accounts (MMDAs) | $187,756 |
| Other savings deposits (excluding MMDAs) | $68,721 |
| Total time deposits | $1,121,208 |
| Total time and savings deposits | $1,443,475 |
| Noninterest-bearing deposits | $380,375 |
| Interest-bearing deposits | $1,443,481 |
| Retail deposits | $1,396,446 |
| IRAs and Keogh plan accounts | $25,079 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,065,901 |
| Cash & Balances due from depository institutions | $144,644 |
| Interest-bearing balances | $103,045 |
| Total securities | $62,267 |
| Federal funds sold & reverse repurchase | $1,057 |
| Net loans and leases | $1,810,060 |
| Loan and leases loss allowance | $20,787 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $26,256 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $21,617 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,065,901 |
| Total Liabilities | $1,841,219 |
| Total deposits | $1,823,856 |
| Interest-bearing deposits | $1,443,481 |
| Deposits held in domestic offices | $1,823,856 |
| % insured (estimated) | $77 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $17,363 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,810,060 |
| Loan and leases loss allowance | $20,787 |
| Total loans and leases (domestic) | $1,830,847 |
| All real estate loans | $1,689,971 |
| Real estate loans in domestic offices | $1,689,971 |
| Construction and development loans | $114,047 |
| Residential 1-4 family construction | $855 |
| Other construction, all land development and other land | $113,192 |
| Loans secured by nonfarm nonresidential properties | $1,439,437 |
| Nonfarm nonresidential secured by owner-occupied properties | $628,435 |
| Commercial real estate & other non-farm, non-residential | $811,002 |
| Multifamily residential real estate | $52,320 |
| 1-4 family residential loans | $79,156 |
| Farmland loans | $5,011 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $138,256 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $5,377 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $216 |
| Other loans to individuals | $5,161 |
| All other loans & leases | $17 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $17 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $9,159 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,570 |
| Non 1-4 family restructured loans & leases | $1,570 |
| Total loans and leases (foreign) | $0 |
American First National Bank had $1,810,060,000 of loans outstanding in 2020. $1,689,971,000 of loans were in real estate loans. $114,047,000 of loans were in development loans. $52,320,000 of loans were in multifamily mortgage loans. $79,156,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $216,000 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 | 357 | $143,058 | $400,723 |
| Nonfarm, nonresidential loans - <$100k | 2 | $143 | $71,500 |
| Nonfarm, nonresidential loans - $100-250k | 61 | $7,793 | $127,754 |
| Nonfarm, nonresidential loans - $250k-1MM | 294 | $135,122 | $459,599 |
| Commercial & Industrial, US addressed loans - <$1MM | 558 | $66,007 | $118,292 |
| Commercial & Industrial, US addressed loans - <$100k | 288 | $9,076 | $31,514 |
| Commercial & Industrial, US addressed loans - $100-250k | 123 | $14,468 | $117,626 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 147 | $42,463 | $288,864 |
| Farmland loans - <$1MM | 3 | $476 | $158,667 |
| Farmland loans - $100-250k | 1 | $6 | $6,000 |
| Farmland loans - $250k-1MM | 2 | $470 | $235,000 |