American Bank Mortgage Rates, Fees & Info

Corpus Christi, TX

LEI: 549300BRSSSUNB0U6552

Tax ID: 74-1650800

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

American Bank is a smaller bank specializing in Home Purchase and Refi loans. American Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Corpus Christi, Austin, San Antonio, Houston, and Rockport among others. American Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

387

Origination Dollar Volume (All Markets)

$139,635,000

Employee count

328

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
CORPUS CHRISTI, TX (FHA|USDA|VA) 232 $74,560,000 $321,379 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 66 $32,560,000 $493,333 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 20 $7,340,000 $367,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 16 $6,810,000 $425,625 $0 0.00%
Rockport, TX (FHA|USDA|VA) 15 $5,025,000 $335,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 13 $4,975,000 $382,692 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,720,000 $860,000 $0 0.00%
Outside of Metro Areas 6 $1,500,000 $250,000 $0 0.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $1,310,000 $655,000 $0 0.00%
VICTORIA, TX (FHA|USDA|VA) 4 $740,000 $185,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $605,000 $201,667 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
Beeville, TX (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
Lufkin, TX (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
TYLER, TX (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
El Campo, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
THE VILLAGES, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Del Rio, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%

American Bank's top markets include Corpus Christi, Austin, San Antonio, Houston, and Rockport among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 368 $134,900,000 $366,576 $0 0.00%
FHA 13 $2,845,000 $218,846 $0 0.00%
VA 6 $1,890,000 $315,000 $0 0.00%

For the 2021 period, American Bank's most frequently originated loan type of loans were Conventional, with 368 originations. Their 2nd most popular type is FHA, with 13 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 214 $81,670,000 $381,636 $0 0.00%
Refi 117 $40,855,000 $349,188 $0 0.00%
Cash Out Refi 36 $11,360,000 $315,556 $0 0.00%
Other 14 $3,680,000 $262,857 $0 0.00%
Home Improvement 6 $2,070,000 $345,000 $0 0.00%

For the 2021, American Bank's most frequently cited loan purpose of loans were Home Purchase, with 214 originations. The 2nd most popular reason of loans were Refi, with 117 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 387 $139,635,000 $360,814 $0 0.00%

For the 2021, American Bank's most frequently cited loan length of loans were Other, with 387 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 166 $48,760,000 $293,735 $0 0.00%
$400k-600k 88 $43,370,000 $492,841 $0 0.00%
$100k-200k 74 $11,680,000 $157,838 $0 0.00%
$600k-1MM 26 $20,530,000 $789,615 $0 0.00%
$100,000 or less 22 $1,700,000 $77,273 $0 0.00%
$1MM+ 11 $13,595,000 $1,235,909 $0 0.00%

2021 saw American Bank place emphasis on $200k-400k loans with 166 originations, totaling $48,760,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 99 $51,755,000 $522,778 $0 0.00%
$100k-150k 78 $23,260,000 $298,205 $0 0.00%
$150k-250k 73 $25,685,000 $351,849 $0 0.00%
$75k-100k 46 $11,150,000 $242,391 $0 0.00%
$50k-75k 30 $6,750,000 $225,000 $0 0.00%
$50k or less 14 $1,640,000 $117,143 $0 0.00%

American Bank lent most frequently to those with incomes in the $250k+ range, with 99 originations. The second most popular income band? $100k-150k, with 78 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 387 $139,635,000 $360,814 $0 0.00%

American Bank lent most frequently to those with DTI ratios of Exempt%, with 387 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 283 $97,015,000 $342,809 $0 0.00%
Not provided 65 $26,595,000 $409,154 $0 0.00%
Not applicable 27 $12,775,000 $473,148 $0 0.00%
Asian 5 $1,385,000 $277,000 $0 0.00%
Black 4 $1,070,000 $267,500 $0 0.00%
American Indian 2 $540,000 $270,000 $0 0.00%
Asian Indian 1 $255,000 $255,000 $0 0.00%

Approval Rates

Total approvals of all applications
95.10%

American 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 origination
88.42%

American Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 387 $139,635,000 $360,814

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
387 $139,635,000 $360,814

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
AMERIS BANCORP Conventional home mortgage Trouble during payment process 25 50.0%
AMERIS BANCORP Other type of mortgage Trouble during payment process 2 4.0%
AMERIS BANCORP VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.0%
AMERIS BANCORP FHA mortgage Closing on a mortgage 1 2.0%
AMERIS BANCORP FHA mortgage Struggling to pay mortgage 2 4.0%
AMERIS BANCORP Conventional home mortgage Struggling to pay mortgage 2 4.0%
AMERIS BANCORP VA mortgage Trouble during payment process 4 8.0%
AMERIS BANCORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 8.0%
AMERIS BANCORP FHA mortgage Trouble during payment process 5 10.0%
AMERIS BANCORP VA mortgage Problem with a credit reporting company's investigation into an existing problem 1 2.0%
AMERIS BANCORP Other type of mortgage Closing on a mortgage 1 2.0%
AMERIS BANCORP Other type of mortgage Struggling to pay mortgage 2 4.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
American Bank, National Association 1301 Highway 35 North Rockport, TX 78382 Full Service B&M $60,485
American Bank, National Association 216 S Alister St Port Aransas, TX 78373 Full Service B&M $209,277
American Bank, National Association 243 S. Market Goliad, TX 77963 Full Service B&M $38,418
American Bank, National Association 3520 Bee Caves Road, Suite 100 Austin, TX 78746 Full Service B&M $145,677
American Bank, National Association 4145 South Alameda Corpus Christi, TX 78411 Full Service B&M $75,178
American Bank, National Association 4304 N. Navarro Victoria, TX 77901 Full Service B&M $64,418
American Bank, National Association 5033 Saratoga Corpus Christi, TX 78413 Full Service B&M $125,567
American Bank, National Association 5120 South Padre Island Drive Corpus Christi, TX 78411 Full Service B&M $277,541
American Bank, National Association 711 N Caranchua St Sutie 100 Corpus Christi, TX 78401 Full Service B&M $415,359
American Bank, National Association 800 N Shoreline Blvd Suite 200 S Corpus Christi, TX 78401 Full Service B&M $198,619
American Bank, National Association 14602 South Padre Island Drive Corpus Christi, TX 78418 Full Service B&M $83,796
American Bank, National Association 200 Concord Plaza Drive, Ste. 120 San Antonio, TX 78216 Full Service B&M $94,699

For 2021, American Bank had 12 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $56,356
Net interest income $54,086
Total noninterest income $11,358
Gross Fiduciary activities income $2,706
Service charges on deposit accounts $2,863
Trading account gains and fees $0
Additional Noninterest Income $5,789
Pre-tax net operating income $13,633
Securities gains (or losses, -) $758
Income before extraordinary items $14,391
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $14,391
Minority interest net income $0
Net income $14,391
Sale, conversion, retirement of capital stock, net $1,060
Net operating income $13,633

American Bank's gross interest income from loans was $56,356,000.
American Bank's net interest income from loans was $54,086,000.
American Bank's fee based income from loans was $2,863,000.
American Bank's net income from loans was $14,391,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,270
Provision for credit losses $910
Total noninterest expense $50,901
Salaries and employee benefits $32,313
Premises and equipment expense $5,034
Additional noninterest expense $13,554
Applicable income taxes $0
Net charge-offs $-133
Cash dividends $7,675

American Bank's interest expense for loans was $2,270,000.
American Bank's payroll and benefits expense were $32,313,000.
American Bank's property, plant and equipment expenses $5,034,000.

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 $1,858,507
Deposits held in domestic offices $1,858,507
Deposits by Individuals, partnerships, and corporations $1,807,525
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $47,737
Deposits by Commercial banks and other depository institutions in U.S. $3,245
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,425,194
Demand deposits $748,448
Nontransaction accounts $433,313
Money market deposit accounts (MMDAs) $269,215
Other savings deposits (excluding MMDAs) $100,984
Total time deposits $63,115
Total time and savings deposits $1,110,059
Noninterest-bearing deposits $748,263
Interest-bearing deposits $1,110,245
Retail deposits $1,823,302
IRAs and Keogh plan accounts $8,844
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,081,516
Cash & Balances due from depository institutions $276,895
Interest-bearing balances $257,874
Total securities $573,260
Federal funds sold & reverse repurchase $0
Net loans and leases $1,143,136
Loan and leases loss allowance $14,132
Trading account assets $0
Bank premises and fixed assets $18,805
Other real estate owned $0
Goodwill and other intangibles $25,920
All other assets $43,500

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,081,516
Total Liabilities $1,883,977
Total deposits $1,858,507
Interest-bearing deposits $1,110,245
Deposits held in domestic offices $1,858,507
% insured (estimated) $53
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $25,470

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,143,136
Loan and leases loss allowance $14,132
Total loans and leases (domestic) $1,157,268
All real estate loans $764,208
Real estate loans in domestic offices $764,208
Construction and development loans $142,413
Residential 1-4 family construction $30,496
Other construction, all land development and other land $111,917
Loans secured by nonfarm nonresidential properties $422,458
Nonfarm nonresidential secured by owner-occupied properties $149,531
Commercial real estate & other non-farm, non-residential $272,927
Multifamily residential real estate $16,421
1-4 family residential loans $175,791
Farmland loans $7,125
Loans held in foreign offices $0
Farm loans $2,415
Commercial and industrial loans $366,692
To non-U.S. addressees $0
Loans to individuals $16,731
Credit card loans $0
Related Plans $12,495
Consumer Auto Loans $1,115
Other loans to individuals $3,121
All other loans & leases $11,411
Loans to foreign governments and official institutions $0
Other loans $11,411
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $2,038
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 had $1,143,136,000 of loans outstanding in 2021. $764,208,000 of loans were in real estate loans. $142,413,000 of loans were in development loans. $16,421,000 of loans were in multifamily mortgage loans. $175,791,000 of loans were in 1-4 family mortgage loans. $2,415,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,115,000 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 299 $76,919 $257,254
Nonfarm, nonresidential loans - <$100k 46 $2,251 $48,935
Nonfarm, nonresidential loans - $100-250k 96 $11,972 $124,708
Nonfarm, nonresidential loans - $250k-1MM 157 $62,696 $399,338
Commercial & Industrial, US addressed loans - <$1MM 2,090 $143,499 $68,660
Commercial & Industrial, US addressed loans - <$100k 1,603 $41,047 $25,606
Commercial & Industrial, US addressed loans - $100-250k 233 $22,575 $96,888
Commercial & Industrial, US addressed loans - $250k-1MM 254 $79,877 $314,476
Farmland loans - <$1MM 8 $811 $101,375
Farmland loans - <$100k 4 $114 $28,500
Farmland loans - $100-250k 3 $365 $121,667
Farmland loans - $250k-1MM 1 $332 $332,000
Agriculture operations loans - <$1MM 19 $915 $48,158
Agriculture operations loans - <$100k 14 $261 $18,643
Agriculture operations loans - $100-250k 3 $426 $142,000
Agriculture operations loans - $250k-1MM 2 $228 $114,000