American Bank & Trust Company Mortgage Rates, Fees & Info

Bowling Green, KY

LEI: 549300CVK4UVTLHJ0R80

Tax ID: 61-1366198

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

American Bank & Trust Company is a smaller bank specializing in Home Purchase loans. American Bank & Trust Company has a high proportion of conventional loans. Their top markets include Bowling Green, Nashville, Crestview, Glasgow, and Clarksville among others. American Bank & Trust Company has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors.


Originations

229

Origination Dollar Volume (All Markets)

$82,125,000

Employee count

85

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
BOWLING GREEN, KY (FHA|USDA|VA) 182 $59,870,000 $328,956 $0 0.00%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 5 $8,725,000 $1,745,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $4,465,000 $893,000 $0 0.00%
Glasgow, KY (FHA|USDA|VA) 8 $3,060,000 $382,500 $0 0.00%
Outside of Metro Areas 20 $3,000,000 $150,000 $0 0.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 0.00%
OWENSBORO, KY (FHA|USDA|VA) 1 $745,000 $745,000 $0 0.00%
Central City, KY (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Sevierville, TN (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Paducah, KY-IL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%

American Bank & Trust Company 's top markets include Bowling Green, Nashville, Crestview, Glasgow, and Clarksville among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 229 $82,125,000 $358,624 $0 0.00%

For the 2021 period, American Bank & Trust Company 's most frequently originated loan type of loans were Conventional, with 229 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 147 $69,785,000 $474,728 $0 0.00%
Refi 46 $7,050,000 $153,261 $0 0.00%
Cash Out Refi 28 $4,770,000 $170,357 $0 0.00%
Home Improvement 6 $400,000 $66,667 $0 0.00%
Other 2 $120,000 $60,000 $0 0.00%

For the 2021, American Bank & Trust Company 's most frequently cited loan purpose of loans were Home Purchase, with 147 originations. The 2nd most popular reason of loans were Refi, with 46 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 229 $82,125,000 $358,624 $0 0.00%

For the 2021, American Bank & Trust Company 's most frequently cited loan length of loans were Other, with 229 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 90 $13,000,000 $144,444 $0 0.00%
$100,000 or less 75 $5,115,000 $68,200 $0 0.00%
$200k-400k 38 $10,220,000 $268,947 $0 0.00%
$1MM+ 12 $45,840,000 $3,820,000 $0 0.00%
$400k-600k 8 $3,700,000 $462,500 $0 0.00%
$600k-1MM 6 $4,250,000 $708,333 $0 0.00%

2021 saw American Bank & Trust Company place emphasis on $100k-200k loans with 90 originations, totaling $13,000,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 19 $2,125,000 $111,842 $0 0.00%
$50k or less 15 $1,545,000 $103,000 $0 0.00%
$100k-150k 14 $2,140,000 $152,857 $0 0.00%
$150k-250k 11 $2,515,000 $228,636 $0 0.00%
$75k-100k 11 $1,325,000 $120,455 $0 0.00%
$250k+ 10 $2,270,000 $227,000 $0 0.00%

American Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $50k or less, with 15 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 229 $82,125,000 $358,624 $0 0.00%

American Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 229 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 140 $69,120,000 $493,714 $0 0.00%
White 85 $12,495,000 $147,000 $0 0.00%
Asian 2 $350,000 $175,000 $0 0.00%
Black 2 $160,000 $80,000 $0 0.00%

Approval Rates

Total approvals of all applications
96.15%

American Bank & Trust Company 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
96.59%

American Bank & Trust Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
Exempt 229 $82,125,000 $358,624

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
229 $82,125,000 $358,624

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
American Mortgage Service Company FHA mortgage Closing on a mortgage 2 66.7%
American Mortgage Service Company Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
American Bank & Trust Company, Inc. 1115 Fairview Avenue Bowling Green, KY 42102 Full Service B&M $39,221
American Bank & Trust Company, Inc. 3011 Nashville Road Bowling Green, KY 42102 Full Service B&M $33,425
American Bank & Trust Company, Inc. 3411 Louisville Road Bowling Green, KY 42102 Full Service B&M $29,090
American Bank & Trust Company, Inc. 531 Lovers Lane Bowling Green, KY 42103 Full Service B&M $80,795
American Bank & Trust Company, Inc. 531 Lovers Lane Bowling Green, KY 42103 Full Service B&M $322,060
American Bank & Trust Company, Inc. 5575 Scottsville Road, Suite 101 Bowling Green, KY 42102 Full Service B&M $24,952

For 2021, American Bank & Trust Company had 6 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $18,671
Net interest income $14,458
Total noninterest income $2,719
Gross Fiduciary activities income $0
Service charges on deposit accounts $228
Trading account gains and fees $0
Additional Noninterest Income $2,491
Pre-tax net operating income $5,522
Securities gains (or losses, -) $22
Income before extraordinary items $4,128
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $4,128
Minority interest net income $0
Net income $4,128
Sale, conversion, retirement of capital stock, net $0
Net operating income $4,110

American Bank & Trust Company 's gross interest income from loans was $18,671,000.
American Bank & Trust Company 's net interest income from loans was $14,458,000.
American Bank & Trust Company 's fee based income from loans was $228,000.
American Bank & Trust Company 's net income from loans was $4,128,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,213
Provision for credit losses $229
Total noninterest expense $11,426
Salaries and employee benefits $6,494
Premises and equipment expense $1,579
Additional noninterest expense $3,353
Applicable income taxes $1,416
Net charge-offs $137
Cash dividends $1,000

American Bank & Trust Company 's interest expense for loans was $4,213,000.
American Bank & Trust Company 's payroll and benefits expense were $6,494,000.
American Bank & Trust Company 's property, plant and equipment expenses $1,579,000.

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 1.0%
HELOC loans 0.0%
All other family 1.0%
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 $539,408
Deposits held in domestic offices $539,408
Deposits by Individuals, partnerships, and corporations $491,917
Deposits by U.S. Government $100
Deposits by States and political subdivisions in the U.S. $47,391
Deposits by Commercial banks and other depository institutions in U.S. $0
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $256,680
Demand deposits $96,802
Nontransaction accounts $282,728
Money market deposit accounts (MMDAs) $158,918
Other savings deposits (excluding MMDAs) $25,084
Total time deposits $98,726
Total time and savings deposits $442,606
Noninterest-bearing deposits $98,358
Interest-bearing deposits $441,050
Retail deposits $512,046
IRAs and Keogh plan accounts $18,394
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $614,390
Cash & Balances due from depository institutions $7,212
Interest-bearing balances $3,288
Total securities $71,987
Federal funds sold & reverse repurchase $140,215
Net loans and leases $363,653
Loan and leases loss allowance $3,501
Trading account assets $0
Bank premises and fixed assets $13,181
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $18,142

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $614,390
Total Liabilities $551,955
Total deposits $539,408
Interest-bearing deposits $441,050
Deposits held in domestic offices $539,408
% insured (estimated) $67
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $11,000
Subordinated debt $0
All other liabilities $1,547

Issued Loan Types

Type Value (in 000's)
Net loans and leases $363,653
Loan and leases loss allowance $3,501
Total loans and leases (domestic) $367,154
All real estate loans $318,318
Real estate loans in domestic offices $318,318
Construction and development loans $72,444
Residential 1-4 family construction $27,386
Other construction, all land development and other land $45,058
Loans secured by nonfarm nonresidential properties $94,215
Nonfarm nonresidential secured by owner-occupied properties $35,592
Commercial real estate & other non-farm, non-residential $58,623
Multifamily residential real estate $35,521
1-4 family residential loans $111,965
Farmland loans $4,173
Loans held in foreign offices $0
Farm loans $748
Commercial and industrial loans $43,064
To non-U.S. addressees $0
Loans to individuals $5,024
Credit card loans $0
Related Plans $55
Consumer Auto Loans $2,965
Other loans to individuals $2,004
All other loans & leases $0
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 $701
Non 1-4 family restructured loans & leases $613
Total loans and leases (foreign) $0

American Bank & Trust Company had $363,653,000 of loans outstanding in 2021. $318,318,000 of loans were in real estate loans. $72,444,000 of loans were in development loans. $35,521,000 of loans were in multifamily mortgage loans. $111,965,000 of loans were in 1-4 family mortgage loans. $748,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,965,000 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 138 $33,434 $242,275
Nonfarm, nonresidential loans - <$100k 27 $1,200 $44,444
Nonfarm, nonresidential loans - $100-250k 47 $6,210 $132,128
Nonfarm, nonresidential loans - $250k-1MM 64 $26,024 $406,625
Commercial & Industrial, US addressed loans - <$1MM 352 $24,056 $68,341
Commercial & Industrial, US addressed loans - <$100k 255 $5,832 $22,871
Commercial & Industrial, US addressed loans - $100-250k 61 $6,886 $112,885
Commercial & Industrial, US addressed loans - $250k-1MM 36 $11,338 $314,944
Farmland loans - <$1MM 17 $2,588 $152,235
Farmland loans - <$100k 6 $422 $70,333
Farmland loans - $100-250k 6 $801 $133,500
Farmland loans - $250k-1MM 5 $1,365 $273,000
Agriculture operations loans - <$1MM 20 $748 $37,400
Agriculture operations loans - <$100k 19 $448 $23,579
Agriculture operations loans - $250k-1MM 1 $300 $300,000