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 and Refi loans. American Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Bowling Green, Crestview, Glasgow, Nashville, and Louisville among others. We have data for 9 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

    173

    Origination Dollar Volume (All Markets)

    $45,245,000

    Employee count

    84

    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) 150 $36,900,000 $246,000 $1,479 4.70%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $6,125,000 $1,225,000 $0 3.90%
    Outside of Metro Areas 6 $760,000 $126,667 $0 4.50%
    Glasgow, KY (FHA|USDA|VA) 6 $570,000 $95,000 $0 4.90%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $385,000 $385,000 $0 4.25%
    LOUISVILLE, KY (FHA|USDA|VA) 2 $230,000 $115,000 $0 3.94%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.00%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $95,000 $95,000 $1,570 4.75%
    OWENSBORO, KY (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.50%
    American Bank & Trust Company's top markets include Bowling Green, Crestview, Glasgow, Nashville, and Louisville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 173 $45,245,000 $261,532 $1,482 4.67%

    For 2020, American Bank & Trust Company's most frequently originated type of loan was Conventional, with 173 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 86 $26,480,000 $307,907 $1,848 4.59%
    Refi 55 $14,265,000 $259,364 $1,240 4.62%
    Cash Out Refi 26 $3,980,000 $153,077 $1,201 4.94%
    Home Improvement 6 $520,000 $86,667 $0 5.03%

    For 2020, American Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 86 originations. The 2nd most popular reason was Refi, with 55 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 100 $25,350,000 $253,500 $0 4.62%
    1 Year 36 $5,910,000 $164,167 $1,562 4.54%
    Other 34 $10,470,000 $307,941 $1,453 5.02%
    3 Year 3 $3,515,000 $1,171,667 $0 4.04%

    For 2020, American Bank & Trust Company's most frequently cited loan duration was 5 Year, with 100 originations. The 2nd most popular length was 1 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 26 $4,660,000 $179,231

    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 26 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 118 $27,110,000 $229,746
    5-6% 30 $7,420,000 $247,333
    3-4% 23 $10,505,000 $456,739
    6-7% 2 $210,000 $105,000

    During 2020, American Bank & Trust Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 118 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 77 $4,855,000 $63,052 $1,114 4.81%
    $100k-200k 42 $5,810,000 $138,333 $1,548 4.72%
    $200k-400k 34 $9,680,000 $284,706 $1,949 4.48%
    $1MM+ 7 $16,935,000 $2,419,286 $0 4.48%
    $600k-1MM 7 $5,035,000 $719,286 $1,525 4.20%
    $400k-600k 6 $2,930,000 $488,333 $1,831 4.39%

    2020 saw American Bank & Trust Company place emphasis on $100,000 or less loans with 77 originations, totaling $4,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $3,060,000 $191,250 $1,627 4.55%
    $250k+ 15 $5,765,000 $384,333 $0 4.10%
    $50k-75k 15 $2,745,000 $183,000 $1,680 5.05%
    $50k or less 15 $1,445,000 $96,333 $1,053 5.04%
    $75k-100k 9 $1,645,000 $182,778 $0 4.43%
    $150k-250k 4 $630,000 $157,500 $2,604 4.68%

    American Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $250k+, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 7 $705,000 $100,714 $1,531 4.68%
    20-30% 6 $760,000 $126,667 $1,573 5.15%
    30-36% 4 $690,000 $172,500 $1,890 5.38%
    >60% 3 $515,000 $171,667 $0 4.92%
    39% 3 $215,000 $71,667 $852 4.73%
    47% 2 $260,000 $130,000 $1,405 4.63%
    50-60% 2 $590,000 $295,000 $1,940 4.56%
    38% 2 $190,000 $95,000 $1,570 4.75%
    44% 1 $85,000 $85,000 $0 5.35%
    36% 1 $75,000 $75,000 $759 6.00%
    49% 1 $45,000 $45,000 $859 4.63%
    45% 1 $85,000 $85,000 $0 4.50%
    40% 1 $135,000 $135,000 $1,317 4.88%
    41% 1 $75,000 $75,000 $774 5.63%

    American Bank & Trust Company lent most frequently to those with DTI ratios of <20%, with 7 originations. The next most common DTI ratio? 20-30%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 94 $29,540,000 $314,255 $0 4.68%
    White 79 $15,705,000 $198,797 $1,482 4.65%

    Approval Rates

    Total approvals of all applications
    97.27%

    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
    97.11%

    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 173 $45,245,000 $261,532

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $4,705,000 $4,705,000
    Multifamily:Site-Built 16 $12,710,000 $794,375
    Single Family (1-4 Units):Manufactured 3 $145,000 $48,333
    Single Family (1-4 Units):Site-Built 153 $27,685,000 $180,948

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,210,000 $100,833 $1,737 4.89%
    40-60% 29 $8,015,000 $276,379 $1,541 4.56%
    60-80% 71 $12,565,000 $176,972 $1,365 4.67%
    80-100% 50 $21,690,000 $433,800 $1,608 4.61%
    Under 20% 9 $625,000 $69,444 $780 4.99%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    AMERICAN EXPRESS COMPANY Conventional home mortgage Trouble during payment process 1 50.0%
    AMERICAN EXPRESS COMPANY Conventional home mortgage Closing on a mortgage 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 $36,084
    American Bank & Trust Company, Inc. 1302 Scottsville Road Bowling Green, KY 42103 Full Service B&M $342,778
    American Bank & Trust Company, Inc. 3011 Nashville Road Bowling Green, KY 42102 Full Service B&M $28,498
    American Bank & Trust Company, Inc. 3411 Louisville Road Bowling Green, KY 42102 Full Service B&M $22,047
    American Bank & Trust Company, Inc. 5575 Scottsville Road, Suite 101 Bowling Green, KY 42102 Full Service B&M $17,067

    For 2020, American Bank & Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,039
    Net interest income $14,528
    Total noninterest income $2,357
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $338
    Trading account gains and fees $0
    Additional Noninterest Income $2,019
    Pre-tax net operating income $6,058
    Securities gains (or losses, -) $28
    Income before extraordinary items $4,808
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,808
    Minority interest net income $0
    Net income $4,808
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,785

    American Bank & Trust Company's gross interest income from loans was $20,039,000.
    American Bank & Trust Company's net interest income from loans was $14,528,000.
    American Bank & Trust Company's fee based income from loans was $338,000.
    American Bank & Trust Company's net income from loans was $4,808,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,511
    Provision for credit losses $250
    Total noninterest expense $10,577
    Salaries and employee benefits $5,958
    Premises and equipment expense $1,233
    Additional noninterest expense $3,386
    Applicable income taxes $1,278
    Net charge-offs $255
    Cash dividends $875

    American Bank & Trust Company's interest expense for loans was $5,511,000.
    American Bank & Trust Company's payroll and benefits expense were $5,958,000.
    American Bank & Trust Company's property, plant and equipment expenses $1,233,000.

    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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $494,696
    Deposits held in domestic offices $494,696
    Deposits by Individuals, partnerships, and corporations $428,271
    Deposits by U.S. Government $265
    Deposits by States and political subdivisions in the U.S. $62,937
    Deposits by Commercial banks and other depository institutions in U.S. $3,224
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $236,591
    Demand deposits $87,892
    Nontransaction accounts $258,106
    Money market deposit accounts (MMDAs) $93,859
    Other savings deposits (excluding MMDAs) $20,791
    Total time deposits $143,455
    Total time and savings deposits $406,805
    Noninterest-bearing deposits $87,891
    Interest-bearing deposits $406,805
    Retail deposits $457,037
    IRAs and Keogh plan accounts $18,313
    Brokered deposits $3,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $553,496
    Cash & Balances due from depository institutions $12,332
    Interest-bearing balances $4,244
    Total securities $41,031
    Federal funds sold & reverse repurchase $128,024
    Net loans and leases $345,585
    Loan and leases loss allowance $3,408
    Trading account assets $0
    Bank premises and fixed assets $13,877
    Other real estate owned $134
    Goodwill and other intangibles $0
    All other assets $12,513

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $553,496
    Total Liabilities $511,624
    Total deposits $494,696
    Interest-bearing deposits $406,805
    Deposits held in domestic offices $494,696
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $15,000
    Subordinated debt $0
    All other liabilities $1,928

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $345,585
    Loan and leases loss allowance $3,408
    Total loans and leases (domestic) $348,993
    All real estate loans $281,982
    Real estate loans in domestic offices $281,982
    Construction and development loans $56,733
    Residential 1-4 family construction $33,320
    Other construction, all land development and other land $23,413
    Loans secured by nonfarm nonresidential properties $81,267
    Nonfarm nonresidential secured by owner-occupied properties $37,418
    Commercial real estate & other non-farm, non-residential $43,849
    Multifamily residential real estate $27,341
    1-4 family residential loans $110,668
    Farmland loans $5,973
    Loans held in foreign offices $0
    Farm loans $963
    Commercial and industrial loans $61,315
    To non-U.S. addressees $0
    Loans to individuals $4,732
    Credit card loans $0
    Related Plans $71
    Consumer Auto Loans $2,729
    Other loans to individuals $1,932
    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 $877
    Non 1-4 family restructured loans & leases $577
    Total loans and leases (foreign) $0

    American Bank & Trust Company had $345,585,000 of loans outstanding in 2020. $281,982,000 of loans were in real estate loans. $56,733,000 of loans were in development loans. $27,341,000 of loans were in multifamily mortgage loans. $110,668,000 of loans were in 1-4 family mortgage loans. $963,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,729,000 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 147 $32,313 $219,816
    Nonfarm, nonresidential loans - <$100k 38 $1,557 $40,974
    Nonfarm, nonresidential loans - $100-250k 48 $5,910 $123,125
    Nonfarm, nonresidential loans - $250k-1MM 61 $24,846 $407,311
    Commercial & Industrial, US addressed loans - <$1MM 651 $33,635 $51,667
    Commercial & Industrial, US addressed loans - <$100k 533 $10,742 $20,154
    Commercial & Industrial, US addressed loans - $100-250k 71 $7,374 $103,859
    Commercial & Industrial, US addressed loans - $250k-1MM 47 $15,519 $330,191
    Farmland loans - <$1MM 28 $4,012 $143,286
    Farmland loans - <$100k 10 $709 $70,900
    Farmland loans - $100-250k 13 $2,033 $156,385
    Farmland loans - $250k-1MM 5 $1,270 $254,000
    Agriculture operations loans - <$1MM 29 $613 $21,138
    Agriculture operations loans - <$100k 29 $613 $21,138