American Bank & Trust Company Mortgage Rates, Fees & Info

Bowling Green, KY

LEI: 549300CVK4UVTLHJ0R80

Tax ID: 61-1366198

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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, Glasgow, Crestview, Nashville, and Louisville among others. We have data for 6 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    190

    Origination Dollar Volume (All Markets)

    $34,580,000

    Employee count

    83

    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) 176 $30,490,000 $173,239 $1,153 5.87%
    Glasgow, KY (FHA|USDA|VA) 2 $1,140,000 $570,000 $983 5.94%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,120,000 $560,000 $0 5.44%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $1,090,000 $272,500 $0 5.70%
    Outside of Metro Areas 5 $495,000 $99,000 $2,050 5.84%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.50%
    American Bank & Trust Company's top markets include Bowling Green, Glasgow, Crestview, Nashville, and Louisville 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 190 $34,580,000 $182,000 $1,177 5.86%

    For 2019, American Bank & Trust Company's most frequently originated type of loan was Conventional, with 190 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 94 $16,360,000 $174,043 $1,671 5.84%
    Refi 66 $10,490,000 $158,939 $896 5.88%
    Cash Out Refi 24 $7,230,000 $301,250 $1,379 5.86%
    Home Improvement 4 $420,000 $105,000 $0 5.58%
    Other 2 $80,000 $40,000 $956 6.69%

    For 2019, American Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Refi, with 66 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 115 $20,205,000 $175,696 $793 5.76%
    Other 38 $9,460,000 $248,947 $1,150 6.28%
    1 Year 27 $3,855,000 $142,778 $2,315 5.74%
    3 Year 10 $1,060,000 $106,000 $0 5.71%

    For 2019, American Bank & Trust Company's most frequently cited loan duration was 5 Year, with 115 originations. The 2nd most popular length was Other, with 38 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 30 $4,090,000 $136,333

    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 30 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 136 $22,970,000 $168,897
    6-7% 42 $5,240,000 $124,762
    4-5% 11 $5,995,000 $545,000
    7-8% 1 $375,000 $375,000

    During 2019, 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 136 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 87 $5,145,000 $59,138 $921 5.90%
    $100k-200k 61 $8,315,000 $136,311 $1,321 5.89%
    $200k-400k 30 $7,630,000 $254,333 $1,448 5.86%
    $600k-1MM 6 $4,840,000 $806,667 $0 5.47%
    $1MM+ 3 $7,255,000 $2,418,333 $0 4.92%
    $400k-600k 3 $1,395,000 $465,000 $0 5.99%

    2019 saw American Bank & Trust Company place emphasis on $100,000 or less loans with 87 originations, totaling $5,145,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 22 $3,980,000 $180,909 $1,308 6.03%
    $50k-75k 18 $1,600,000 $88,889 $1,039 5.92%
    $50k or less 17 $1,855,000 $109,118 $1,426 5.98%
    $150k-250k 12 $1,330,000 $110,833 $751 6.14%
    $75k-100k 12 $1,260,000 $105,000 $910 6.15%
    $250k+ 4 $1,790,000 $447,500 $0 5.46%

    American Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 16 $1,790,000 $111,875 $1,222 5.93%
    30-36% 14 $1,610,000 $115,000 $1,057 6.16%
    50-60% 5 $585,000 $117,000 $675 5.82%
    39% 4 $490,000 $122,500 $1,390 6.56%
    <20% 3 $365,000 $121,667 $926 6.28%
    42% 3 $395,000 $131,667 $1,299 6.42%
    >60% 3 $935,000 $311,667 $0 5.73%
    45% 2 $140,000 $70,000 $0 6.00%
    43% 2 $120,000 $60,000 $793 6.31%
    44% 1 $95,000 $95,000 $0 6.50%
    49% 1 $375,000 $375,000 $903 7.25%
    37% 1 $245,000 $245,000 $1,938 5.75%
    41% 1 $135,000 $135,000 $1,566 6.50%
    40% 1 $135,000 $135,000 $1,193 6.63%
    36% 1 $75,000 $75,000 $0 6.25%

    American Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? 30-36%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 98 $20,220,000 $206,327 $0 5.77%
    White 84 $13,490,000 $160,595 $1,210 5.96%
    Asian 3 $375,000 $125,000 $993 5.67%
    Not provided 2 $270,000 $135,000 $675 5.85%
    Black 3 $225,000 $75,000 $1,193 6.41%

    Approval Rates

    Total approvals of all applications
    95.15%

    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
    96.84%

    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
    NA 190 $34,580,000 $182,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $885,000 $885,000
    Multifamily:Site-Built 10 $11,370,000 $1,137,000
    Single Family (1-4 Units):Manufactured 3 $55,000 $18,333
    Single Family (1-4 Units):Site-Built 176 $22,270,000 $126,534

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $780,000 $65,000 $1,547 5.74%
    40-60% 27 $3,655,000 $135,370 $1,040 5.83%
    60-80% 74 $12,030,000 $162,568 $1,262 5.89%
    80-100% 59 $16,775,000 $284,322 $1,285 5.83%
    Under 20% 13 $885,000 $68,077 $734 6.10%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    AMERICAN EXPRESS COMPANY Conventional home mortgage Struggling to pay mortgage 1 100.0%

    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 $31,863
    American Bank & Trust Company, Inc. 1302 Scottsville Road Bowling Green, KY 42103 Full Service B&M $271,177
    American Bank & Trust Company, Inc. 3011 Nashville Road Bowling Green, KY 42102 Full Service B&M $23,082
    American Bank & Trust Company, Inc. 3411 Louisville Road Bowling Green, KY 42102 Full Service B&M $18,441
    American Bank & Trust Company, Inc. 5575 Scottsville Road, Suite 101 Bowling Green, KY 42102 Full Service B&M $13,245

    For 2019, American Bank & Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,073
    Net interest income $14,174
    Total noninterest income $2,122
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $486
    Trading account gains and fees $0
    Additional Noninterest Income $1,636
    Pre-tax net operating income $5,922
    Securities gains (or losses, -) $2
    Income before extraordinary items $4,662
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,662
    Minority interest net income $0
    Net income $4,662
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,660

    American Bank & Trust Company's gross interest income from loans was $20,073,000.
    American Bank & Trust Company's net interest income from loans was $14,174,000.
    American Bank & Trust Company's fee based income from loans was $486,000.
    American Bank & Trust Company's net income from loans was $4,662,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,899
    Provision for credit losses $713
    Total noninterest expense $9,661
    Salaries and employee benefits $5,706
    Premises and equipment expense $798
    Additional noninterest expense $3,157
    Applicable income taxes $1,262
    Net charge-offs $346
    Cash dividends $700

    American Bank & Trust Company's interest expense for loans was $5,899,000.
    American Bank & Trust Company's payroll and benefits expense were $5,706,000.
    American Bank & Trust Company's property, plant and equipment expenses $798,000.

    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $378,310
    Deposits held in domestic offices $378,310
    Deposits by Individuals, partnerships, and corporations $356,471
    Deposits by U.S. Government $259
    Deposits by States and political subdivisions in the U.S. $16,618
    Deposits by Commercial banks and other depository institutions in U.S. $4,962
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $135,122
    Demand deposits $50,362
    Nontransaction accounts $243,188
    Money market deposit accounts (MMDAs) $55,357
    Other savings deposits (excluding MMDAs) $15,298
    Total time deposits $172,533
    Total time and savings deposits $327,948
    Noninterest-bearing deposits $50,362
    Interest-bearing deposits $327,948
    Retail deposits $331,765
    IRAs and Keogh plan accounts $16,606
    Brokered deposits $10,297
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $436,372
    Cash & Balances due from depository institutions $15,968
    Interest-bearing balances $8,241
    Total securities $35,920
    Federal funds sold & reverse repurchase $19,051
    Net loans and leases $345,781
    Loan and leases loss allowance $3,414
    Trading account assets $0
    Bank premises and fixed assets $9,809
    Other real estate owned $283
    Goodwill and other intangibles $0
    All other assets $9,560

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $436,372
    Total Liabilities $399,071
    Total deposits $378,310
    Interest-bearing deposits $327,948
    Deposits held in domestic offices $378,310
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $18,500
    Subordinated debt $0
    All other liabilities $2,261

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $345,781
    Loan and leases loss allowance $3,414
    Total loans and leases (domestic) $349,195
    All real estate loans $310,981
    Real estate loans in domestic offices $310,981
    Construction and development loans $80,748
    Residential 1-4 family construction $43,061
    Other construction, all land development and other land $37,687
    Loans secured by nonfarm nonresidential properties $77,458
    Nonfarm nonresidential secured by owner-occupied properties $43,507
    Commercial real estate & other non-farm, non-residential $33,951
    Multifamily residential real estate $26,307
    1-4 family residential loans $118,533
    Farmland loans $7,935
    Loans held in foreign offices $0
    Farm loans $952
    Commercial and industrial loans $32,289
    To non-U.S. addressees $0
    Loans to individuals $4,973
    Credit card loans $0
    Related Plans $50
    Consumer Auto Loans $2,802
    Other loans to individuals $2,121
    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 $662
    Non 1-4 family restructured loans & leases $348
    Total loans and leases (foreign) $0

    American Bank & Trust Company had $345,781,000 of loans outstanding in 2019. $310,981,000 of loans were in real estate loans. $80,748,000 of loans were in development loans. $26,307,000 of loans were in multifamily mortgage loans. $118,533,000 of loans were in 1-4 family mortgage loans. $952,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,802,000 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 143 $31,670 $221,469
    Nonfarm, nonresidential loans - <$100k 33 $1,415 $42,879
    Nonfarm, nonresidential loans - $100-250k 52 $6,500 $125,000
    Nonfarm, nonresidential loans - $250k-1MM 58 $23,755 $409,569
    Commercial & Industrial, US addressed loans - <$1MM 453 $24,343 $53,737
    Commercial & Industrial, US addressed loans - <$100k 363 $7,569 $20,851
    Commercial & Industrial, US addressed loans - $100-250k 53 $5,274 $99,509
    Commercial & Industrial, US addressed loans - $250k-1MM 37 $11,500 $310,811
    Farmland loans - <$1MM 37 $5,917 $159,919
    Farmland loans - <$100k 11 $750 $68,182
    Farmland loans - $100-250k 16 $2,404 $150,250
    Farmland loans - $250k-1MM 10 $2,763 $276,300
    Agriculture operations loans - <$1MM 27 $605 $22,407
    Agriculture operations loans - <$100k 27 $605 $22,407