American Bank & Trust Company Mortgage Rates, Fees & Info

Bowling Green, KY

LEI: 549300CVK4UVTLHJ0R80

Tax ID: 61-1366198

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    American Bank & Trust Company is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. American Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Bowling Green, Crestview, Nashville, Glasgow, and Louisville among others. We have data for 8 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.

    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

    228

    Origination Dollar Volume (All Markets)

    $44,750,000

    Employee count

    76

    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) 209 $39,925,000 $191,029 $1,359 5.49%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $2,560,000 $640,000 $0 5.03%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 5 $985,000 $197,000 $0 5.78%
    Glasgow, KY (FHA|USDA|VA) 2 $400,000 $200,000 $2,724 5.41%
    LOUISVILLE, KY (FHA|USDA|VA) 2 $270,000 $135,000 $0 5.06%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $250,000 $125,000 $0 5.19%
    Outside of Metro Areas 3 $225,000 $75,000 $678 5.83%
    Oxford, MS (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.38%
    American Bank & Trust Company's top markets include Bowling Green, Crestview, Nashville, Glasgow, and Louisville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 228 $44,750,000 $196,272 $1,374 5.48%

    For 2018, American Bank & Trust Company's most frequently originated type of loan was Conventional, with 228 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 120 $21,380,000 $178,167 $1,895 5.42%
    Refi 64 $12,490,000 $195,156 $935 5.55%
    Cash Out Refi 25 $9,925,000 $397,000 $1,068 5.55%
    Other 11 $745,000 $67,727 $1,173 5.85%
    Home Improvement 8 $210,000 $26,250 $549 5.24%

    For 2018, American Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 120 originations. The 2nd most popular reason was Refi, with 64 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 134 $26,690,000 $199,179 $976 5.43%
    Other 52 $12,610,000 $242,500 $1,436 5.67%
    1 Year 38 $5,100,000 $134,211 $1,125 5.41%
    3 Year 4 $350,000 $87,500 $0 5.45%

    For 2018, American Bank & Trust Company's most frequently cited loan duration was 5 Year, with 134 originations. The 2nd most popular length was Other, with 52 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 47 $6,995,000 $148,830

    American Bank & Trust Company's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 47 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 162 $32,820,000 $202,593
    4-5% 43 $8,995,000 $209,186
    6-7% 22 $2,910,000 $132,273
    3-4% 1 $25,000 $25,000

    During 2018, American Bank & Trust Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 162 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 100 $6,090,000 $60,900 $1,038 5.52%
    $100k-200k 81 $11,275,000 $139,198 $1,455 5.49%
    $200k-400k 34 $9,010,000 $265,000 $1,770 5.41%
    $600k-1MM 6 $4,310,000 $718,333 $578 5.41%
    $1MM+ 4 $12,570,000 $3,142,500 $0 5.13%
    $400k-600k 3 $1,495,000 $498,333 $2,462 5.25%

    2018 saw American Bank & Trust Company place emphasis on $100,000 or less loans with 100 originations, totaling $6,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 24 $2,960,000 $123,333 $1,471 5.70%
    $100k-150k 22 $2,360,000 $107,273 $1,198 5.52%
    $50k or less 22 $2,030,000 $92,273 $1,622 5.73%
    $50k-75k 21 $2,315,000 $110,238 $1,425 5.53%
    $150k-250k 11 $2,085,000 $189,545 $1,063 5.36%
    $250k+ 7 $4,395,000 $627,857 $875 5.29%

    American Bank & Trust Company lent most frequently to those with incomes in the $75k-100k range, with 24 originations. The second most popular income band? $100k-150k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 13 $2,725,000 $209,615 $1,110 5.32%
    20-30% 12 $1,060,000 $88,333 $1,043 5.72%
    30-36% 12 $1,190,000 $99,167 $1,440 5.65%
    >60% 6 $410,000 $68,333 $0 5.72%
    50-60% 6 $680,000 $113,333 $2,079 5.73%
    38% 3 $515,000 $171,667 $1,703 5.42%
    36% 3 $125,000 $41,667 $973 5.25%
    49% 3 $245,000 $81,667 $1,701 5.87%
    43% 3 $315,000 $105,000 $1,532 6.33%
    48% 2 $370,000 $185,000 $1,638 5.13%
    37% 2 $260,000 $130,000 $1,088 5.31%
    39% 2 $130,000 $65,000 $1,134 4.75%
    40% 2 $450,000 $225,000 $1,183 6.06%
    42% 2 $180,000 $90,000 $1,317 6.63%
    47% 1 $225,000 $225,000 $2,942 5.88%
    46% 1 $415,000 $415,000 $2,462 5.50%
    45% 1 $5,000 $5,000 $0 5.75%

    American Bank & Trust Company lent most frequently to those with DTI ratios of <20%, with 13 originations. The next most common DTI ratio? 20-30%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 114 $27,820,000 $244,035 $0 5.40%
    White 100 $15,730,000 $157,300 $1,366 5.57%
    Asian 7 $715,000 $102,143 $2,015 5.73%
    Black 6 $430,000 $71,667 $898 5.40%
    Not provided 1 $55,000 $55,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    94.14%

    American Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.30%

    American Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 228 $44,750,000 $196,272

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 14 $15,960,000 $1,140,000
    Single Family (1-4 Units):Manufactured 3 $155,000 $51,667
    Single Family (1-4 Units):Site-Built 211 $28,635,000 $135,711

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $1,255,000 $114,091 $1,099 5.63%
    40-60% 30 $6,390,000 $213,000 $1,201 5.35%
    60-80% 78 $14,640,000 $187,692 $1,717 5.43%
    80-100% 86 $21,560,000 $250,698 $1,477 5.50%
    Under 20% 20 $740,000 $37,000 $871 5.71%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    AMERICAN EXPRESS COMPANY Conventional home mortgage Trouble during payment process 1 50.0%
    AMERICAN EXPRESS COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 1 50.0%

    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 $24,890
    American Bank & Trust Company, Inc. 1302 Scottsville Road Bowling Green, KY 42103 Full Service B&M $233,648
    American Bank & Trust Company, Inc. 3011 Nashville Road Bowling Green, KY 42102 Full Service B&M $17,827
    American Bank & Trust Company, Inc. 3411 Louisville Road Bowling Green, KY 42102 Full Service B&M $13,709
    American Bank & Trust Company, Inc. 5575 Scottsville Road, Suite 101 Bowling Green, KY 42102 Full Service B&M $9,381

    For 2018, American Bank & Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,439
    Net interest income $12,582
    Total noninterest income $1,725
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $436
    Trading account gains and fees $0
    Additional Noninterest Income $1,289
    Pre-tax net operating income $5,021
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,031
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,031
    Minority interest net income $0
    Net income $4,031
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,031

    American Bank & Trust Company's gross interest income from loans was $16,439,000.
    American Bank & Trust Company's net interest income from loans was $12,582,000.
    American Bank & Trust Company's fee based income from loans was $436,000.
    American Bank & Trust Company's net income from loans was $4,031,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,857
    Provision for credit losses $296
    Total noninterest expense $8,990
    Salaries and employee benefits $5,302
    Premises and equipment expense $813
    Additional noninterest expense $2,875
    Applicable income taxes $990
    Net charge-offs $20
    Cash dividends $722

    American Bank & Trust Company's interest expense for loans was $3,857,000.
    American Bank & Trust Company's payroll and benefits expense were $5,302,000.
    American Bank & Trust Company's property, plant and equipment expenses $813,000.

    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 $332,741
    Deposits held in domestic offices $332,741
    Deposits by Individuals, partnerships, and corporations $321,960
    Deposits by U.S. Government $254
    Deposits by States and political subdivisions in the U.S. $5,547
    Deposits by Commercial banks and other depository institutions in U.S. $4,980
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $110,015
    Demand deposits $49,258
    Nontransaction accounts $222,726
    Money market deposit accounts (MMDAs) $46,966
    Other savings deposits (excluding MMDAs) $12,885
    Total time deposits $162,875
    Total time and savings deposits $283,483
    Noninterest-bearing deposits $49,263
    Interest-bearing deposits $283,478
    Retail deposits $281,726
    IRAs and Keogh plan accounts $15,900
    Brokered deposits $25,500
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $389,476
    Cash & Balances due from depository institutions $13,790
    Interest-bearing balances $7,811
    Total securities $27,314
    Federal funds sold & reverse repurchase $14,032
    Net loans and leases $322,207
    Loan and leases loss allowance $3,046
    Trading account assets $0
    Bank premises and fixed assets $6,320
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $5,813

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $389,476
    Total Liabilities $356,729
    Total deposits $332,741
    Interest-bearing deposits $283,478
    Deposits held in domestic offices $332,741
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $22,000
    Subordinated debt $0
    All other liabilities $1,988

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $322,207
    Loan and leases loss allowance $3,046
    Total loans and leases (domestic) $325,253
    All real estate loans $288,407
    Real estate loans in domestic offices $288,407
    Construction and development loans $73,834
    Residential 1-4 family construction $39,470
    Other construction, all land development and other land $34,364
    Loans secured by nonfarm nonresidential properties $68,961
    Nonfarm nonresidential secured by owner-occupied properties $40,241
    Commercial real estate & other non-farm, non-residential $28,720
    Multifamily residential real estate $18,151
    1-4 family residential loans $119,901
    Farmland loans $7,560
    Loans held in foreign offices $0
    Farm loans $522
    Commercial and industrial loans $30,258
    To non-U.S. addressees $0
    Loans to individuals $6,066
    Credit card loans $0
    Related Plans $66
    Consumer Auto Loans $3,165
    Other loans to individuals $2,835
    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 $679
    Non 1-4 family restructured loans & leases $354
    Total loans and leases (foreign) $0

    American Bank & Trust Company had $322,207,000 of loans outstanding in 2018. $288,407,000 of loans were in real estate loans. $73,834,000 of loans were in development loans. $18,151,000 of loans were in multifamily mortgage loans. $119,901,000 of loans were in 1-4 family mortgage loans. $522,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,165,000 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 161 $33,625 $208,851
    Nonfarm, nonresidential loans - <$100k 42 $1,656 $39,429
    Nonfarm, nonresidential loans - $100-250k 59 $7,191 $121,881
    Nonfarm, nonresidential loans - $250k-1MM 60 $24,778 $412,967
    Commercial & Industrial, US addressed loans - <$1MM 414 $22,479 $54,297
    Commercial & Industrial, US addressed loans - <$100k 331 $6,443 $19,465
    Commercial & Industrial, US addressed loans - $100-250k 51 $4,938 $96,824
    Commercial & Industrial, US addressed loans - $250k-1MM 32 $11,098 $346,813
    Farmland loans - <$1MM 35 $5,218 $149,086
    Farmland loans - <$100k 10 $550 $55,000
    Farmland loans - $100-250k 15 $2,067 $137,800
    Farmland loans - $250k-1MM 10 $2,601 $260,100
    Agriculture operations loans - <$1MM 19 $422 $22,211
    Agriculture operations loans - <$100k 19 $422 $22,211