American Bank Mortgage Rates, Fees & Info

Corpus Christi, TX

LEI: 549300BRSSSUNB0U6552

Tax ID: 74-1650800

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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 Bank is a smaller bank specializing in Home Purchase loans. American Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Corpus Christi, Austin, Houston, Rockport, and San Antonio among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American 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. American Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    153

    Origination Dollar Volume (All Markets)

    $35,725,000

    Employee count

    261

    Awards

    American Bank 30 Year Conventional Loans bronze American Bank 30 Year Conventional Loans silver American Bank FHA Loans gold American Bank VA Loans gold
    Show all (4) awards

    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
    CORPUS CHRISTI, TX (FHA|USDA|VA) 118 $26,650,000 $225,847 $5,166 4.81%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 8 $2,780,000 $347,500 $4,786 4.91%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,730,000 $432,500 $8,654 4.34%
    Rockport, TX (FHA|USDA|VA) 10 $1,620,000 $162,000 $2,867 4.80%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $1,135,000 $378,333 $3,843 4.46%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $365,000 $365,000 $3,582 4.50%
    SANTA FE, NM (FHA|USDA|VA) 1 $355,000 $355,000 $4,268 4.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $335,000 $335,000 $4,149 4.88%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $270,000 $135,000 $6,120 4.13%
    LAREDO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $6,474 4.00%
    Kingsville, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,063 4.75%
    VICTORIA, TX (FHA|USDA|VA) 1 $105,000 $105,000 $5,189 4.88%
    EL PASO, TX (FHA|USDA|VA) 1 $55,000 $55,000 $2,706 4.00%
    Outside of Metro Areas 1 $45,000 $45,000 $3,388 5.75%
    American Bank's top markets include Corpus Christi, Austin, Houston, Rockport, and San Antonio among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against American Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    American Bank
    Similarity Rank: 350
    NAVY ARMY COMMUNITY CREDIT UNION
    Similarity Rank: 368
    SECURITY SERVICE
    Similarity Rank: 448
    First National Bank Texas
    Similarity Rank: 616
    THRIVE MORTGAGE, LLC
    Similarity Rank: 944
    Extraco Banks
    Similarity Rank: 1034
    HOMETRUST MORTGAGE COMPANY
    Similarity Rank: 2576
    WILLOW BEND MORTGAGE COMPANY, LLC
    Similarity Rank: 3000
    NATIONS RELIABLE LENDING, LLC
    Similarity Rank: 3320
    JPMorgan Chase Bank
    Similarity Rank: 4320

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 125 $29,225,000 $233,800 $4,074 4.88%
    FHA 16 $3,000,000 $187,500 $7,108 4.47%
    VA 12 $3,500,000 $291,667 $9,926 4.15%

    For 2018, American Bank's most frequently originated type of loan was Conventional, with 125 originations. Their 2nd most popular type was FHA, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 123 $29,265,000 $237,927 $5,319 4.76%
    Refi 20 $4,530,000 $226,500 $3,007 4.61%
    Other 5 $1,175,000 $235,000 $5,697 5.43%
    Cash Out Refi 4 $650,000 $162,500 $5,683 5.06%
    Home Improvement 1 $105,000 $105,000 $3,287 7.00%

    For 2018, American Bank's most frequently cited loan purpose was Home Purchase, with 123 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 107 $25,565,000 $238,925 $5,264 4.72%
    15 Year 31 $6,175,000 $199,194 $4,163 4.83%
    20 Year 12 $3,660,000 $305,000 $4,509 4.98%
    1 Year 2 $290,000 $145,000 $4,485 5.63%
    10 Year 1 $35,000 $35,000 $0 5.50%

    For 2018, American Bank's most frequently cited loan duration was 30 Year, with 107 originations. The 2nd most popular length was 15 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 79 $20,535,000 $259,937
    $<1k 35 $7,625,000 $217,857
    $2k-3k 7 $1,605,000 $229,286
    $4k-5k 2 $1,010,000 $505,000
    $5k+ 2 $780,000 $390,000

    American Bank's average total fees were $5,264, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 79 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 102 $25,920,000 $254,118
    5-6% 36 $6,000,000 $166,667
    3-4% 11 $2,955,000 $268,636
    6-7% 4 $850,000 $212,500

    During 2018, American Bank's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 102 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 61 $17,155,000 $281,230 $5,602 4.57%
    $100k-200k 52 $7,820,000 $150,385 $4,277 4.82%
    $100,000 or less 21 $1,285,000 $61,190 $2,539 5.29%
    $400k-600k 16 $7,520,000 $470,000 $6,177 4.75%
    $600k-1MM 3 $1,945,000 $648,333 $8,024 5.08%

    2018 saw American Bank place emphasis on $200k-400k loans with 61 originations, totaling $17,155,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 34 $7,820,000 $230,000 $5,048 4.60%
    $250k+ 31 $11,445,000 $369,194 $5,707 4.94%
    $75k-100k 31 $5,815,000 $187,581 $5,304 4.65%
    $150k-250k 24 $6,320,000 $263,333 $4,997 4.90%
    $50k-75k 16 $2,590,000 $161,875 $4,992 4.56%
    $50k or less 12 $1,160,000 $96,667 $3,196 4.86%

    American Bank lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $250k+, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 38 $8,960,000 $235,789 $4,938 4.68%
    30-36% 25 $6,075,000 $243,000 $5,698 4.79%
    <20% 10 $2,670,000 $267,000 $4,219 4.73%
    39% 8 $1,230,000 $153,750 $3,793 4.67%
    41% 8 $2,170,000 $271,250 $5,112 4.87%
    42% 7 $1,655,000 $236,429 $4,260 5.34%
    44% 7 $1,665,000 $237,857 $5,480 4.70%
    48% 7 $1,685,000 $240,714 $5,106 4.20%
    45% 6 $1,210,000 $201,667 $3,689 4.77%
    40% 5 $1,685,000 $337,000 $5,529 4.77%
    43% 5 $925,000 $185,000 $3,790 5.06%
    46% 4 $370,000 $92,500 $2,930 4.91%
    47% 4 $880,000 $220,000 $11,362 4.69%
    37% 3 $1,295,000 $431,667 $6,033 5.04%
    36% 3 $465,000 $155,000 $2,985 4.79%
    49% 3 $575,000 $191,667 $4,033 4.88%
    38% 3 $825,000 $275,000 $4,175 4.96%
    50-60% 3 $695,000 $231,667 $9,990 4.54%
    >60% 1 $185,000 $185,000 $9,401 4.50%

    American Bank lent most frequently to those with DTI ratios of 20-30%, with 38 originations. The next most common DTI ratio? 30-36%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 102 $21,430,000 $210,098 $4,861 4.88%
    Not provided 38 $10,760,000 $283,158 $5,121 4.58%
    Asian 4 $1,390,000 $347,500 $5,264 4.34%
    American Indian 3 $895,000 $298,333 $8,026 3.92%
    Not applicable 3 $505,000 $168,333 $0 5.75%
    Native Hawaiian or Islander 2 $380,000 $190,000 $6,005 4.69%
    Black 1 $365,000 $365,000 $3,582 4.50%

    Approval Rates

    Total approvals of all applications
    92.46%

    American Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.74%

    American Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 153 $35,725,000 $233,497

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 153 $35,725,000 $233,497

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,165,000 $166,429 $3,145 5.14%
    40-60% 15 $2,965,000 $197,667 $3,917 4.63%
    60-80% 51 $11,645,000 $228,333 $3,895 4.87%
    80-100% 72 $17,950,000 $249,306 $5,316 4.72%
    Over 100% 6 $1,900,000 $316,667 $13,860 4.27%
    Under 20% 2 $100,000 $50,000 $1,628 6.06%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    AMERIS BANCORP Other type of mortgage Closing on a mortgage 1 100.0%

    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 $45,727
    American Bank, National Association 14602 South Padre Island Drive Corpus Christi, TX 78418 Full Service B&M $72,613
    American Bank, National Association 216 S Alister St Port Aransas, TX 78373 Full Service B&M $182,398
    American Bank, National Association 243 S. Market Goliad, TX 77963 Full Service B&M $36,429
    American Bank, National Association 3520 Bee Caves Road, Suite 100 Austin, TX 78746 Full Service B&M $44,062
    American Bank, National Association 4145 South Alameda Corpus Christi, TX 78411 Full Service B&M $57,340
    American Bank, National Association 4304 N. Navarro Victoria, TX 77901 Full Service B&M $27,881
    American Bank, National Association 5033 Saratoga Corpus Christi, TX 78413 Full Service B&M $89,815
    American Bank, National Association 5120 South Padre Island Drive Corpus Christi, TX 78411 Full Service B&M $232,391
    American Bank, National Association 620 Congress Ave Suite #100 Austin, TX 78701 Full Service B&M $24,622
    American Bank, National Association 711 N. Carancahua St Corpus Christi, TX 78401 Full Service B&M $329,435
    American Bank, National Association 800 North Shoreline Boulevard Corpus Christi, TX 78401 Full Service B&M $151,070

    For 2018, American Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $53,808
    Net interest income $52,642
    Total noninterest income $8,513
    Gross Fiduciary activities income $2,164
    Service charges on deposit accounts $2,633
    Trading account gains and fees $0
    Additional Noninterest Income $3,716
    Pre-tax net operating income $14,137
    Securities gains (or losses, -) $75
    Income before extraordinary items $14,212
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,212
    Minority interest net income $0
    Net income $14,212
    Sale, conversion, retirement of capital stock, net $841
    Net operating income $14,137

    American Bank's gross interest income from loans was $53,808,000.
    American Bank's net interest income from loans was $52,642,000.
    American Bank's fee based income from loans was $2,633,000.
    American Bank's net income from loans was $14,212,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,166
    Provision for credit losses $550
    Total noninterest expense $46,468
    Salaries and employee benefits $28,028
    Premises and equipment expense $5,028
    Additional noninterest expense $13,412
    Applicable income taxes $0
    Net charge-offs $326
    Cash dividends $8,700

    American Bank's interest expense for loans was $1,166,000.
    American Bank's payroll and benefits expense were $28,028,000.
    American Bank's property, plant and equipment expenses $5,028,000.

    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 $1,250,235
    Deposits held in domestic offices $1,250,235
    Deposits by Individuals, partnerships, and corporations $1,230,033
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $16,972
    Deposits by Commercial banks and other depository institutions in U.S. $3,231
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $94,423
    Demand deposits $52,913
    Nontransaction accounts $1,155,813
    Money market deposit accounts (MMDAs) $1,021,215
    Other savings deposits (excluding MMDAs) $70,353
    Total time deposits $64,245
    Total time and savings deposits $1,197,323
    Noninterest-bearing deposits $414,211
    Interest-bearing deposits $836,024
    Retail deposits $1,209,338
    IRAs and Keogh plan accounts $5,555
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,369,172
    Cash & Balances due from depository institutions $66,805
    Interest-bearing balances $48,930
    Total securities $444,409
    Federal funds sold & reverse repurchase $0
    Net loans and leases $827,205
    Loan and leases loss allowance $15,240
    Trading account assets $0
    Bank premises and fixed assets $17,867
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $12,886

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,369,171
    Total Liabilities $1,256,215
    Total deposits $1,250,235
    Interest-bearing deposits $836,024
    Deposits held in domestic offices $1,250,235
    % insured (estimated) $57
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,980

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $827,205
    Loan and leases loss allowance $15,240
    Total loans and leases (domestic) $842,445
    All real estate loans $567,299
    Real estate loans in domestic offices $567,299
    Construction and development loans $104,917
    Residential 1-4 family construction $28,572
    Other construction, all land development and other land $76,345
    Loans secured by nonfarm nonresidential properties $339,553
    Nonfarm nonresidential secured by owner-occupied properties $127,605
    Commercial real estate & other non-farm, non-residential $211,948
    Multifamily residential real estate $5,338
    1-4 family residential loans $100,346
    Farmland loans $17,145
    Loans held in foreign offices $0
    Farm loans $3,352
    Commercial and industrial loans $258,115
    To non-U.S. addressees $0
    Loans to individuals $6,034
    Credit card loans $0
    Related Plans $1,290
    Consumer Auto Loans $1,597
    Other loans to individuals $3,147
    All other loans & leases $9,569
    Loans to foreign governments and official institutions $0
    Other loans $9,569
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $458
    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 $827,205,000 of loans outstanding in 2018. $567,299,000 of loans were in real estate loans. $104,917,000 of loans were in development loans. $5,338,000 of loans were in multifamily mortgage loans. $100,346,000 of loans were in 1-4 family mortgage loans. $3,352,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,597,000 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 417 $85,943 $206,098
    Nonfarm, nonresidential loans - <$100k 114 $4,378 $38,404
    Nonfarm, nonresidential loans - $100-250k 136 $16,420 $120,735
    Nonfarm, nonresidential loans - $250k-1MM 167 $65,145 $390,090
    Commercial & Industrial, US addressed loans - <$1MM 1,033 $90,794 $87,894
    Commercial & Industrial, US addressed loans - <$100k 577 $13,405 $23,232
    Commercial & Industrial, US addressed loans - $100-250k 228 $20,513 $89,969
    Commercial & Industrial, US addressed loans - $250k-1MM 228 $56,876 $249,456
    Farmland loans - <$1MM 19 $1,786 $94,000
    Farmland loans - <$100k 8 $275 $34,375
    Farmland loans - $100-250k 10 $1,111 $111,100
    Farmland loans - $250k-1MM 1 $400 $400,000
    Agriculture operations loans - <$1MM 21 $1,234 $58,762
    Agriculture operations loans - <$100k 16 $498 $31,125
    Agriculture operations loans - $100-250k 4 $447 $111,750
    Agriculture operations loans - $250k-1MM 1 $289 $289,000