American Bank & Trust Company Mortgage Rates, Fees & Info

Opelousas, LA

LEI: 549300E8WNDXIPI7FA49

Tax ID: 72-0510483

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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 Refi and Home Purchase loans. American Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Opelousas, and Baton Rouge among others. We have data for 4 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

    84

    Origination Dollar Volume (All Markets)

    $14,270,000

    Employee count

    50

    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
    LAFAYETTE, LA (FHA|USDA|VA) 35 $7,515,000 $214,714 $1,783 5.13%
    Opelousas, LA (FHA|USDA|VA) 42 $5,880,000 $140,000 $1,245 5.28%
    BATON ROUGE, LA (FHA|USDA|VA) 6 $850,000 $141,667 $1,152 5.80%
    Outside of Metro Areas 1 $25,000 $25,000 $0 7.00%
    American Bank & Trust Company's top markets include Lafayette, Opelousas, and Baton Rouge among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 84 $14,270,000 $169,881 $1,407 5.27%

    For 2018, American Bank & Trust Company's most frequently originated type of loan was Conventional, with 84 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 44 $7,660,000 $174,091 $560 5.24%
    Home Purchase 37 $6,105,000 $165,000 $2,475 5.34%
    Home Improvement 2 $300,000 $150,000 $0 5.00%
    Other 1 $205,000 $205,000 $2,777 4.63%

    For 2018, American Bank & Trust Company's most frequently cited loan purpose was Refi, with 44 originations. The 2nd most popular reason was Home Purchase, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 53 $7,125,000 $134,434 $944 5.37%
    Other 15 $2,695,000 $179,667 $1,705 5.06%
    3 Year 12 $2,690,000 $224,167 $0 5.23%
    1 Year 4 $1,760,000 $440,000 $2,557 4.88%

    For 2018, American Bank & Trust Company's most frequently cited loan duration was 5 Year, with 53 originations. The 2nd most popular length was Other, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 32 $6,350,000 $198,438

    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 32 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 40 $6,560,000 $164,000
    4-5% 37 $6,735,000 $182,027
    6-7% 3 $115,000 $38,333
    3-4% 2 $780,000 $390,000
    7-8% 2 $80,000 $40,000

    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 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 41 $2,175,000 $53,049 $875 5.43%
    $100k-200k 21 $3,125,000 $148,810 $1,085 5.23%
    $200k-400k 14 $3,650,000 $260,714 $2,136 4.95%
    $400k-600k 4 $1,860,000 $465,000 $1,500 4.97%
    $600k-1MM 4 $3,460,000 $865,000 $3,405 5.34%

    2018 saw American Bank & Trust Company place emphasis on $100,000 or less loans with 41 originations, totaling $2,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 11 $1,905,000 $173,182 $1,209 5.26%
    $150k-250k 9 $1,635,000 $181,667 $1,766 4.99%
    $50k or less 9 $815,000 $90,556 $1,669 4.97%
    $250k+ 7 $2,305,000 $329,286 $1,525 5.41%
    $50k-75k 6 $740,000 $123,333 $1,131 5.02%
    $75k-100k 5 $605,000 $121,000 $1,506 5.03%

    American Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 13 $2,335,000 $179,615 $1,137 4.87%
    20-30% 12 $2,310,000 $192,500 $1,441 5.36%
    30-36% 9 $1,215,000 $135,000 $1,730 5.13%
    43% 3 $405,000 $135,000 $1,046 4.58%
    36% 2 $500,000 $250,000 $2,584 4.75%
    37% 2 $170,000 $85,000 $0 5.88%
    39% 2 $230,000 $115,000 $1,203 4.63%
    47% 1 $285,000 $285,000 $2,394 4.00%
    38% 1 $45,000 $45,000 $1,970 4.95%
    41% 1 $135,000 $135,000 $130 6.00%
    42% 1 $75,000 $75,000 $0 5.25%

    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
    White 44 $7,720,000 $175,455 $1,429 5.07%
    Not applicable 35 $5,995,000 $171,286 $0 5.53%
    Black 4 $400,000 $100,000 $1,075 5.18%
    Asian 1 $155,000 $155,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    92.47%

    American Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.62%

    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 84 $14,270,000 $169,881

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $3,795,000 $421,667
    Single Family (1-4 Units):Manufactured 13 $665,000 $51,154
    Single Family (1-4 Units):Site-Built 62 $9,810,000 $158,226

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $725,000 $65,909 $180 5.09%
    40-60% 20 $3,820,000 $191,000 $716 5.33%
    60-80% 23 $3,015,000 $131,087 $1,685 5.56%
    80-100% 30 $6,710,000 $223,667 $1,986 5.09%

    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 106 Foster Drive Lawtell, LA 70550 Full Service B&M $7,983
    American Bank & Trust Company 1306 Camellia Boulevard Lafayette, LA 70508 Full Service B&M $11,541
    American Bank & Trust Company 2931 Moss Street Lafayette, LA 70501 Full Service B&M $9,893
    American Bank & Trust Company 307 East Landry Street Opelousas, LA 70570 Full Service B&M $90,777
    American Bank & Trust Company 321 East Landry Street Opelousas, LA 70570 Limited, Administrative $0
    American Bank & Trust Company 807 Creswell Lane Opelousas, LA 70570 Full Service B&M $7,093
    American Bank & Trust Company Eighth And Florida Streets Krotz Springs, LA 70750 Full Service B&M $19,407
    American Bank & Trust Company Saizon Street Port Barre, LA 70577 Full Service B&M $14,037

    For 2018, American Bank & Trust Company had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,477
    Net interest income $7,021
    Total noninterest income $1,118
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $388
    Trading account gains and fees $0
    Additional Noninterest Income $730
    Pre-tax net operating income $2,336
    Securities gains (or losses, -) $3
    Income before extraordinary items $2,339
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,339
    Minority interest net income $0
    Net income $2,339
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,336

    American Bank & Trust Company's gross interest income from loans was $7,477,000.
    American Bank & Trust Company's net interest income from loans was $7,021,000.
    American Bank & Trust Company's fee based income from loans was $388,000.
    American Bank & Trust Company's net income from loans was $2,339,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $456
    Provision for credit losses $54
    Total noninterest expense $5,749
    Salaries and employee benefits $3,269
    Premises and equipment expense $677
    Additional noninterest expense $1,803
    Applicable income taxes $0
    Net charge-offs $17
    Cash dividends $1,141

    American Bank & Trust Company's interest expense for loans was $456,000.
    American Bank & Trust Company's payroll and benefits expense were $3,269,000.
    American Bank & Trust Company's property, plant and equipment expenses $677,000.

    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 0.1%
    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 $167,950
    Deposits held in domestic offices $167,950
    Deposits by Individuals, partnerships, and corporations $124,884
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $42,627
    Deposits by Commercial banks and other depository institutions in U.S. $439
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $106,002
    Demand deposits $58,617
    Nontransaction accounts $61,948
    Money market deposit accounts (MMDAs) $13,138
    Other savings deposits (excluding MMDAs) $28,069
    Total time deposits $20,741
    Total time and savings deposits $109,333
    Noninterest-bearing deposits $58,617
    Interest-bearing deposits $109,333
    Retail deposits $165,392
    IRAs and Keogh plan accounts $2,555
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $191,628
    Cash & Balances due from depository institutions $23,166
    Interest-bearing balances $15,470
    Total securities $35,638
    Federal funds sold & reverse repurchase $0
    Net loans and leases $126,217
    Loan and leases loss allowance $1,353
    Trading account assets $0
    Bank premises and fixed assets $2,112
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $4,495

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $191,628
    Total Liabilities $170,526
    Total deposits $167,950
    Interest-bearing deposits $109,333
    Deposits held in domestic offices $167,950
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $789
    Subordinated debt $0
    All other liabilities $1,787

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $126,217
    Loan and leases loss allowance $1,353
    Total loans and leases (domestic) $127,570
    All real estate loans $101,140
    Real estate loans in domestic offices $101,140
    Construction and development loans $14,412
    Residential 1-4 family construction $3,137
    Other construction, all land development and other land $11,275
    Loans secured by nonfarm nonresidential properties $30,786
    Nonfarm nonresidential secured by owner-occupied properties $13,737
    Commercial real estate & other non-farm, non-residential $17,049
    Multifamily residential real estate $969
    1-4 family residential loans $54,886
    Farmland loans $87
    Loans held in foreign offices $0
    Farm loans $191
    Commercial and industrial loans $19,171
    To non-U.S. addressees $0
    Loans to individuals $7,068
    Credit card loans $2,863
    Related Plans $0
    Consumer Auto Loans $706
    Other loans to individuals $3,499
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    American Bank & Trust Company had $126,217,000 of loans outstanding in 2018. $101,140,000 of loans were in real estate loans. $14,412,000 of loans were in development loans. $969,000 of loans were in multifamily mortgage loans. $54,886,000 of loans were in 1-4 family mortgage loans. $191,000 of loans were in farm loans. $2,863,000 of loans were in credit card loans. $706,000 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 99 $18,630 $188,182
    Nonfarm, nonresidential loans - <$100k 30 $1,272 $42,400
    Nonfarm, nonresidential loans - $100-250k 26 $3,436 $132,154
    Nonfarm, nonresidential loans - $250k-1MM 43 $13,922 $323,767
    Commercial & Industrial, US addressed loans - <$1MM 223 $15,920 $71,390
    Commercial & Industrial, US addressed loans - <$100k 154 $3,470 $22,532
    Commercial & Industrial, US addressed loans - $100-250k 51 $5,294 $103,804
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $7,156 $397,556
    Farmland loans - <$1MM 1 $87 $87,000
    Farmland loans - <$100k 1 $87 $87,000
    Agriculture operations loans - <$1MM 1 $191 $191,000
    Agriculture operations loans - $250k-1MM 1 $191 $191,000