American Bank & Trust Company Mortgage Rates, Fees & Info

Bowling Green, KY

LEI: 549300CVK4UVTLHJ0R80

Tax ID: 61-1366198

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Mortgage Data

Review & Overview

American Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. American Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Bowling Green, Orlando, Clarksville, Glasgow, and Nashville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

American Bank & Trust Company 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.

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Originations

182

Origination Dollar Volume (All Markets)

$52,990,000

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
BOWLING GREEN, KY (FHA|USDA|VA) 147 $41,565,000 $282,755 $0 0.00%
Outside of Metro Areas 18 $6,070,000 $337,222 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $2,175,000 $310,714 $0 0.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $1,240,000 $620,000 $0 0.00%
Glasgow, KY (FHA|USDA|VA) 2 $630,000 $315,000 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
OCALA, FL (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
Central City, KY (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
American Bank & Trust Company's top markets include Bowling Green, Orlando, Clarksville, Glasgow, and Nashville among others.

Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 182 $52,990,000 $291,154 $0 0.00%

    For 2023, American Bank & Trust Company's most frequently originated type of loan was Conventional, with 182 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 108 $31,610,000 $292,685 $0 0.00%
    Refi 50 $17,590,000 $351,800 $0 0.00%
    Cash Out Refi 14 $3,120,000 $222,857 $0 0.00%
    Home Improvement 8 $600,000 $75,000 $0 0.00%
    Other 2 $70,000 $35,000 $0 0.00%

    For 2023, American Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 108 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 182 $52,990,000 $291,154 $0 0.00%

    For 2023, American Bank & Trust Company's most frequently cited loan duration was Other, with 182 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 58 $8,600,000 $148,276 $0 0.00%
    $200k-400k 52 $14,440,000 $277,692 $0 0.00%
    $100,000 or less 49 $2,775,000 $56,633 $0 0.00%
    $400k-600k 12 $5,920,000 $493,333 $0 0.00%
    $600k-1MM 7 $5,305,000 $757,857 $0 0.00%
    $1MM+ 4 $15,950,000 $3,987,500 $0 0.00%

    2023 saw American Bank & Trust Company place emphasis on $100k-200k loans with 58 originations, totaling $8,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 23 $4,885,000 $212,391 $0 0.00%
    $75k-100k 18 $4,130,000 $229,444 $0 0.00%
    $50k-75k 16 $2,220,000 $138,750 $0 0.00%
    $50k or less 14 $1,740,000 $124,286 $0 0.00%
    $150k-250k 8 $1,780,000 $222,500 $0 0.00%
    $250k+ 7 $1,315,000 $187,857 $0 0.00%

    American Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $75k-100k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 182 $52,990,000 $291,154 $0 0.00%

    American Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 182 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 95 $36,775,000 $387,105 $0 0.00%
    White 79 $14,985,000 $189,684 $0 0.00%
    Asian 1 $535,000 $535,000 $0 0.00%
    Black 5 $475,000 $95,000 $0 0.00%
    Asian Indian 1 $175,000 $175,000 $0 0.00%
    Not provided 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.92%

    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
    96.70%

    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 182 $52,990,000 $291,154

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    182 $52,990,000 $291,154