West Alabama Bank & Trust Mortgage Rates, Fees & Info
Reform, ALLEI: 549300BWXUPDS3PDOL40
Tax ID: 63-0237528
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Mortgage Data
Bank Data
Review & Overview
West Alabama Bank & Trust is a smaller bank specializing in Refi and Home Purchase loans. West Alabama Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Tuscaloosa, Crestview, Pensacola, Columbus, and Birmingham among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)West Alabama Bank & Trust has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
143Origination Dollar Volume (All Markets)
$26,085,000Employee count
159Top 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 |
|---|---|---|---|---|---|
| TUSCALOOSA, AL (FHA|USDA|VA) | 78 | $17,110,000 | $219,359 | $0 | 0.00% |
| Outside of Metro Areas | 43 | $4,195,000 | $97,558 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| Columbus, MS (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 5 | $555,000 | $111,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Jasper, AL (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 0.00% |
| Meridian, MS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 143 | $26,085,000 | $182,413 | $0 | 0.00% |
For 2019, West Alabama Bank & Trust's most frequently originated type of loan was Conventional, with 143 originations.
Loan Reason
For 2019, West Alabama Bank & Trust's most frequently cited loan purpose was Refi, with 78 originations. The 2nd most popular reason was Home Purchase, with 56 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 143 | $26,085,000 | $182,413 | $0 | 0.00% |
For 2019, West Alabama Bank & Trust's most frequently cited loan duration was Other, with 143 originations.
Loan Sizing
2019 saw West Alabama Bank & Trust place emphasis on $100,000 or less loans with 83 originations, totaling $3,855,000 in origination value.
Applicant Income
West Alabama Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $50k-75k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 143 | $26,085,000 | $182,413 | $0 | 0.00% |
West Alabama Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 143 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.62%
West Alabama Bank & Trust has a below average approval rate.
Pick Rate
Approvals leading to origination92.31%
West Alabama Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 143 | $26,085,000 | $182,413 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 4 | $5,120,000 | $1,280,000 |
| Single Family (1-4 Units):Site-Built | 139 | $20,965,000 | $150,827 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| West Alabama Bank & Trust | 507 Main Street Ethelsville, AL 35461 | Full Service B&M | $6,931 |
| West Alabama Bank & Trust | 1014 Washington Street Marion, AL 36756 | Full Service B&M | $15,946 |
| West Alabama Bank & Trust | 119 West Pusmataha Street Butler, AL 36904 | Full Service B&M | $52,892 |
| West Alabama Bank & Trust | 200 Office Park Dr, Ste 200 Birmingham, AL 35223 | Full Service B&M | $1 |
| West Alabama Bank & Trust | 245 Main Street South Gordo, AL 35466 | Full Service B&M | $29,445 |
| West Alabama Bank & Trust | 27 Courthouse Square Livingston, AL 35470 | Full Service B&M | $44,878 |
| West Alabama Bank & Trust | 28827 Hwy 5 Woodstock, AL 35188 | Full Service B&M | $10,938 |
| West Alabama Bank & Trust | 30330 Hwy 17 Millport, AL 35576 | Full Service B&M | $41,422 |
| West Alabama Bank & Trust | 305 2nd Street Northeast Fayette, AL 35555 | Full Service B&M | $48,699 |
| West Alabama Bank & Trust | 31 Mcfarland Boulevard Northport, AL 35476 | Full Service B&M | $45,955 |
| West Alabama Bank & Trust | 4 3rd Avenue Northwest Aliceville, AL 35442 | Full Service B&M | $58,809 |
| West Alabama Bank & Trust | 509 First Avenue West Reform, AL 35481 | Full Service B&M | $91,106 |
| West Alabama Bank & Trust | 7680 Highway 69 South Tuscaloosa, AL 35405 | Full Service B&M | $16,341 |
| West Alabama Bank & Trust | 86 Court Square Carrollton, AL 35447 | Full Service B&M | $49,476 |
| West Alabama Bank & Trust | Second Avenue, Northwest Aliceville, AL 35442 | Limited, Drive-thru | $0 |
For 2019, West Alabama Bank & Trust had 15 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $26,413 |
| Net interest income | $20,095 |
| Total noninterest income | $5,869 |
| Gross Fiduciary activities income | $3 |
| Service charges on deposit accounts | $2,785 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,081 |
| Pre-tax net operating income | $8,942 |
| Securities gains (or losses, -) | $56 |
| Income before extraordinary items | $7,211 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $7,211 |
| Minority interest net income | $0 |
| Net income | $7,211 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $7,166 |
West Alabama Bank & Trust's gross interest income from loans was $26,413,000.
West Alabama Bank & Trust's net interest income from loans was $20,095,000.
West Alabama Bank & Trust's fee based income from loans was $2,785,000.
West Alabama Bank & Trust's net income from loans was $7,211,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $6,318 |
| Provision for credit losses | $824 |
| Total noninterest expense | $16,198 |
| Salaries and employee benefits | $8,599 |
| Premises and equipment expense | $1,603 |
| Additional noninterest expense | $5,996 |
| Applicable income taxes | $1,787 |
| Net charge-offs | $717 |
| Cash dividends | $4,404 |
West Alabama Bank & Trust's interest expense for loans was $6,318,000.
West Alabama Bank & Trust's payroll and benefits expense were $8,599,000.
West Alabama Bank & Trust's property, plant and equipment expenses $1,603,000.
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 | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 0.0% |
| Other consumer loans | 1.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $525,425 |
| Deposits held in domestic offices | $525,425 |
| Deposits by Individuals, partnerships, and corporations | $473,702 |
| Deposits by U.S. Government | $10 |
| Deposits by States and political subdivisions in the U.S. | $50,702 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,011 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $35,501 |
| Demand deposits | $26,242 |
| Nontransaction accounts | $489,924 |
| Money market deposit accounts (MMDAs) | $66,334 |
| Other savings deposits (excluding MMDAs) | $173,818 |
| Total time deposits | $249,771 |
| Total time and savings deposits | $499,183 |
| Noninterest-bearing deposits | $26,242 |
| Interest-bearing deposits | $499,183 |
| Retail deposits | $449,291 |
| IRAs and Keogh plan accounts | $32,049 |
| Brokered deposits | $3,657 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $644,050 |
| Cash & Balances due from depository institutions | $10,557 |
| Interest-bearing balances | $5,311 |
| Total securities | $189,275 |
| Federal funds sold & reverse repurchase | $4,408 |
| Net loans and leases | $392,282 |
| Loan and leases loss allowance | $4,216 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $12,415 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $7,072 |
| All other assets | $28,041 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $644,050 |
| Total Liabilities | $554,285 |
| Total deposits | $525,425 |
| Interest-bearing deposits | $499,183 |
| Deposits held in domestic offices | $525,425 |
| % insured (estimated) | $84 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $25,000 |
| Subordinated debt | $0 |
| All other liabilities | $3,860 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $392,282 |
| Loan and leases loss allowance | $4,216 |
| Total loans and leases (domestic) | $396,498 |
| All real estate loans | $316,752 |
| Real estate loans in domestic offices | $316,752 |
| Construction and development loans | $52,827 |
| Residential 1-4 family construction | $21,573 |
| Other construction, all land development and other land | $31,254 |
| Loans secured by nonfarm nonresidential properties | $121,645 |
| Nonfarm nonresidential secured by owner-occupied properties | $82,455 |
| Commercial real estate & other non-farm, non-residential | $39,190 |
| Multifamily residential real estate | $3,322 |
| 1-4 family residential loans | $87,482 |
| Farmland loans | $51,476 |
| Loans held in foreign offices | $0 |
| Farm loans | $10,054 |
| Commercial and industrial loans | $51,520 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $11,370 |
| Credit card loans | $0 |
| Related Plans | $1,247 |
| Consumer Auto Loans | $3,048 |
| Other loans to individuals | $7,075 |
| All other loans & leases | $6,802 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $3,726 |
| Non 1-4 family restructured loans & leases | $3,726 |
| Total loans and leases (foreign) | $0 |
West Alabama Bank & Trust had $392,282,000 of loans outstanding in 2019. $316,752,000 of loans were in real estate loans. $52,827,000 of loans were in development loans. $3,322,000 of loans were in multifamily mortgage loans. $87,482,000 of loans were in 1-4 family mortgage loans. $10,054,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,048,000 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 | 270 | $42,840 | $158,667 |
| Nonfarm, nonresidential loans - <$100k | 108 | $4,660 | $43,148 |
| Nonfarm, nonresidential loans - $100-250k | 91 | $10,684 | $117,407 |
| Nonfarm, nonresidential loans - $250k-1MM | 71 | $27,496 | $387,268 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,029 | $33,964 | $33,007 |
| Commercial & Industrial, US addressed loans - <$100k | 900 | $14,448 | $16,053 |
| Commercial & Industrial, US addressed loans - $100-250k | 93 | $9,693 | $104,226 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 36 | $9,823 | $272,861 |
| Farmland loans - <$1MM | 359 | $26,522 | $73,877 |
| Farmland loans - <$100k | 251 | $7,811 | $31,120 |
| Farmland loans - $100-250k | 74 | $9,083 | $122,743 |
| Farmland loans - $250k-1MM | 34 | $9,628 | $283,176 |
| Agriculture operations loans - <$1MM | 214 | $8,073 | $37,724 |
| Agriculture operations loans - <$100k | 183 | $3,553 | $19,415 |
| Agriculture operations loans - $100-250k | 21 | $2,664 | $126,857 |
| Agriculture operations loans - $250k-1MM | 10 | $1,856 | $185,600 |