American Bank Mortgage Rates, Fees & Info
Corpus Christi, TXLEI: 549300BRSSSUNB0U6552
Tax ID: 74-1650800
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Mortgage Data
Bank Data
Review & 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 by origination volume include: Corpus Christi, Austin, San Antonio, Houston, and Rockport among others. We have data for 25 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.
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
519Origination Dollar Volume (All Markets)
$144,725,000Employee count
275Top 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) | 285 | $72,185,000 | $253,281 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 115 | $38,355,000 | $333,522 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 25 | $8,475,000 | $339,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 18 | $6,070,000 | $337,222 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 25 | $5,665,000 | $226,600 | $0 | 0.00% |
| VICTORIA, TX (FHA|USDA|VA) | 16 | $3,970,000 | $248,125 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,540,000 | $256,667 | $0 | 0.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 6 | $1,320,000 | $220,000 | $0 | 0.00% |
| Alice, TX (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 0.00% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Bay City, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 506 | $141,590,000 | $279,822 | $0 | 0.00% |
| FHA | 8 | $1,570,000 | $196,250 | $0 | 0.00% |
| VA | 5 | $1,565,000 | $313,000 | $0 | 0.00% |
For 2020, American Bank's most frequently originated type of loan was Conventional, with 506 originations. Their 2nd most popular type was FHA, with 8 originations.
Loan Reason
For 2020, American Bank's most frequently cited loan purpose was Home Purchase, with 247 originations. The 2nd most popular reason was Refi, with 192 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 519 | $144,725,000 | $278,854 | $0 | 0.00% |
For 2020, American Bank's most frequently cited loan duration was Other, with 519 originations.
Loan Sizing
2020 saw American Bank place emphasis on $200k-400k loans with 231 originations, totaling $66,075,000 in origination value.
Applicant Income
American Bank lent most frequently to those with incomes in the $250k+ range, with 118 originations. The second most popular income band? $150k-250k, with 116 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 519 | $144,725,000 | $278,854 | $0 | 0.00% |
American Bank lent most frequently to those with DTI ratios of Exempt%, with 519 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.83%
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 origination89.21%
American Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 519 | $144,725,000 | $278,854 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERIS BANCORP | Conventional home mortgage | Closing on a mortgage | 1 | 2.4% |
| AMERIS BANCORP | Other type of mortgage | Trouble during payment process | 1 | 2.4% |
| AMERIS BANCORP | Conventional home mortgage | Struggling to pay mortgage | 3 | 7.3% |
| AMERIS BANCORP | FHA mortgage | Trouble during payment process | 2 | 4.9% |
| AMERIS BANCORP | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 4.9% |
| AMERIS BANCORP | VA mortgage | Struggling to pay mortgage | 1 | 2.4% |
| AMERIS BANCORP | Conventional home mortgage | Credit monitoring or identity theft protection services | 1 | 2.4% |
| AMERIS BANCORP | Conventional home mortgage | Trouble during payment process | 20 | 48.8% |
| AMERIS BANCORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 4.9% |
| AMERIS BANCORP | FHA mortgage | Closing on a mortgage | 2 | 4.9% |
| AMERIS BANCORP | VA mortgage | Trouble during payment process | 6 | 14.6% |
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 | $48,438 |
| American Bank, National Association | 14602 South Padre Island Drive Corpus Christi, TX 78418 | Full Service B&M | $76,322 |
| American Bank, National Association | 200 Concord Plaza Drive, Ste. 120 San Antonio, TX 78216 | Full Service B&M | $61,382 |
| American Bank, National Association | 216 S Alister St Port Aransas, TX 78373 | Full Service B&M | $178,806 |
| American Bank, National Association | 243 S. Market Goliad, TX 77963 | Full Service B&M | $39,031 |
| American Bank, National Association | 3520 Bee Caves Road, Suite 100 Austin, TX 78746 | Full Service B&M | $102,220 |
| American Bank, National Association | 4145 South Alameda Corpus Christi, TX 78411 | Full Service B&M | $68,478 |
| American Bank, National Association | 4304 N. Navarro Victoria, TX 77901 | Full Service B&M | $42,878 |
| American Bank, National Association | 5033 Saratoga Corpus Christi, TX 78413 | Full Service B&M | $111,493 |
| American Bank, National Association | 5120 South Padre Island Drive Corpus Christi, TX 78411 | Full Service B&M | $277,217 |
| American Bank, National Association | 620 Congress Ave Suite #100 Austin, TX 78701 | Full Service B&M | $28,009 |
| American Bank, National Association | 711 N Caranchua St Sutie 100 Corpus Christi, TX 78401 | Full Service B&M | $407,223 |
| American Bank, National Association | 800 N Shoreline Blvd Suite 200 S Corpus Christi, TX 78401 | Full Service B&M | $171,307 |
For 2020, American Bank had 13 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $56,270 |
| Net interest income | $51,858 |
| Total noninterest income | $10,799 |
| Gross Fiduciary activities income | $2,351 |
| Service charges on deposit accounts | $2,858 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,590 |
| Pre-tax net operating income | $8,382 |
| Securities gains (or losses, -) | $1,374 |
| Income before extraordinary items | $9,756 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $9,756 |
| Minority interest net income | $0 |
| Net income | $9,756 |
| Sale, conversion, retirement of capital stock, net | $991 |
| Net operating income | $8,382 |
American Bank's gross interest income from loans was $56,270,000.
American Bank's net interest income from loans was $51,858,000.
American Bank's fee based income from loans was $2,858,000.
American Bank's net income from loans was $9,756,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,412 |
| Provision for credit losses | $6,917 |
| Total noninterest expense | $47,358 |
| Salaries and employee benefits | $30,026 |
| Premises and equipment expense | $5,228 |
| Additional noninterest expense | $12,104 |
| Applicable income taxes | $0 |
| Net charge-offs | $10,414 |
| Cash dividends | $5,125 |
American Bank's interest expense for loans was $4,412,000.
American Bank's payroll and benefits expense were $30,026,000.
American Bank's property, plant and equipment expenses $5,228,000.
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 | $1,651,342 |
| Deposits held in domestic offices | $1,651,342 |
| Deposits by Individuals, partnerships, and corporations | $1,596,256 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $50,536 |
| Deposits by Commercial banks and other depository institutions in U.S. | $4,550 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $1,218,030 |
| Demand deposits | $620,519 |
| Nontransaction accounts | $433,312 |
| Money market deposit accounts (MMDAs) | $271,613 |
| Other savings deposits (excluding MMDAs) | $82,222 |
| Total time deposits | $79,478 |
| Total time and savings deposits | $1,030,823 |
| Noninterest-bearing deposits | $621,274 |
| Interest-bearing deposits | $1,030,068 |
| Retail deposits | $1,603,779 |
| IRAs and Keogh plan accounts | $8,457 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,916,506 |
| Cash & Balances due from depository institutions | $350,363 |
| Interest-bearing balances | $331,633 |
| Total securities | $400,493 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,102,644 |
| Loan and leases loss allowance | $13,089 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $19,981 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $43,025 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,916,506 |
| Total Liabilities | $1,752,283 |
| Total deposits | $1,651,342 |
| Interest-bearing deposits | $1,030,068 |
| Deposits held in domestic offices | $1,651,342 |
| % insured (estimated) | $55 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $92,609 |
| Subordinated debt | $0 |
| All other liabilities | $8,332 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,102,644 |
| Loan and leases loss allowance | $13,089 |
| Total loans and leases (domestic) | $1,115,733 |
| All real estate loans | $675,441 |
| Real estate loans in domestic offices | $675,441 |
| Construction and development loans | $106,581 |
| Residential 1-4 family construction | $32,040 |
| Other construction, all land development and other land | $74,541 |
| Loans secured by nonfarm nonresidential properties | $420,817 |
| Nonfarm nonresidential secured by owner-occupied properties | $159,684 |
| Commercial real estate & other non-farm, non-residential | $261,133 |
| Multifamily residential real estate | $16,772 |
| 1-4 family residential loans | $121,824 |
| Farmland loans | $9,447 |
| Loans held in foreign offices | $0 |
| Farm loans | $2,657 |
| Commercial and industrial loans | $405,074 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $18,156 |
| Credit card loans | $0 |
| Related Plans | $12,929 |
| Consumer Auto Loans | $1,241 |
| Other loans to individuals | $3,986 |
| All other loans & leases | $15,967 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $15,967 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $2,514 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $12,097 |
| Non 1-4 family restructured loans & leases | $11,148 |
| Total loans and leases (foreign) | $0 |
American Bank had $1,102,644,000 of loans outstanding in 2020. $675,441,000 of loans were in real estate loans. $106,581,000 of loans were in development loans. $16,772,000 of loans were in multifamily mortgage loans. $121,824,000 of loans were in 1-4 family mortgage loans. $2,657,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,241,000 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 | 337 | $86,701 | $257,273 |
| Nonfarm, nonresidential loans - <$100k | 49 | $2,137 | $43,612 |
| Nonfarm, nonresidential loans - $100-250k | 110 | $13,755 | $125,045 |
| Nonfarm, nonresidential loans - $250k-1MM | 178 | $70,809 | $397,803 |
| Commercial & Industrial, US addressed loans - <$1MM | 2,118 | $194,741 | $91,946 |
| Commercial & Industrial, US addressed loans - <$100k | 1,334 | $44,313 | $33,218 |
| Commercial & Industrial, US addressed loans - $100-250k | 472 | $51,869 | $109,892 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 312 | $98,559 | $315,894 |
| Farmland loans - <$1MM | 11 | $1,195 | $108,636 |
| Farmland loans - <$100k | 5 | $154 | $30,800 |
| Farmland loans - $100-250k | 4 | $391 | $97,750 |
| Farmland loans - $250k-1MM | 2 | $650 | $325,000 |
| Agriculture operations loans - <$1MM | 19 | $1,158 | $60,947 |
| Agriculture operations loans - <$100k | 14 | $353 | $25,214 |
| Agriculture operations loans - $100-250k | 4 | $539 | $134,750 |
| Agriculture operations loans - $250k-1MM | 1 | $266 | $266,000 |