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

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 19 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 an above 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

387

Origination Dollar Volume (All Markets)

$139,635,000

Employee count

328

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)	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.

Their top states include:

Texas (FHA|USDA|VA)

California (FHA|USDA|VA)

Georgia (FHA|USDA|VA)

Florida (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.

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AmeriHome Mortgage Company, LLC
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, American Bank's most frequently originated type of loan was Conventional, with 368 originations. Their 2nd most popular type was FHA, with 13 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, American Bank's most frequently cited loan purpose was Home Purchase, with 214 originations. The 2nd most popular reason was 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 2021, American Bank's most frequently cited loan duration was 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
96.57%

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
93.02%

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	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
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

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