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, Baton Rouge, New Orleans, and Morgan City 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.

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    Originations

    94

    Origination Dollar Volume (All Markets)

    $15,180,000

    Employee count

    52

    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) 48 $8,180,000 $170,417 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 40 $5,650,000 $141,250 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $945,000 $315,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Outside of Metro Areas 1 $115,000 $115,000 $0 0.00%
    Morgan City, LA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    American Bank & Trust Company's top markets include Lafayette, Opelousas, Baton Rouge, New Orleans, and Morgan City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 94 $15,180,000 $161,489 $0 0.00%

    For 2019, American Bank & Trust Company's most frequently originated type of loan was Conventional, with 94 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 50 $6,410,000 $128,200 $0 0.00%
    Home Purchase 42 $8,570,000 $204,048 $0 0.00%
    Home Improvement 1 $35,000 $35,000 $0 0.00%
    Other 1 $165,000 $165,000 $0 0.00%

    For 2019, American Bank & Trust Company's most frequently cited loan purpose was Refi, with 50 originations. The 2nd most popular reason was Home Purchase, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 94 $15,180,000 $161,489 $0 0.00%

    For 2019, American Bank & Trust Company's most frequently cited loan duration was Other, with 94 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 40 $2,140,000 $53,500 $0 0.00%
    $100k-200k 30 $3,920,000 $130,667 $0 0.00%
    $200k-400k 19 $5,355,000 $281,842 $0 0.00%
    $600k-1MM 3 $2,065,000 $688,333 $0 0.00%
    $1MM+ 1 $1,195,000 $1,195,000 $0 0.00%
    $400k-600k 1 $505,000 $505,000 $0 0.00%

    2019 saw American Bank & Trust Company place emphasis on $100,000 or less loans with 40 originations, totaling $2,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $1,445,000 $111,154 $0 0.00%
    $250k+ 10 $4,020,000 $402,000 $0 0.00%
    $50k-75k 8 $560,000 $70,000 $0 0.00%
    $75k-100k 8 $940,000 $117,500 $0 0.00%
    $150k-250k 7 $1,055,000 $150,714 $0 0.00%
    $50k or less 5 $335,000 $67,000 $0 0.00%

    American Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $250k+, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 94 $15,180,000 $161,489 $0 0.00%

    American Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 94 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 49 $8,525,000 $173,980 $0 0.00%
    Not applicable 40 $6,100,000 $152,500 $0 0.00%
    Black 5 $555,000 $111,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.23%

    American Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.74%

    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 94 $15,180,000 $161,489

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $330,000 $165,000
    Multifamily:Site-Built 7 $1,895,000 $270,714
    Single Family (1-4 Units):Manufactured 7 $315,000 $45,000
    Single Family (1-4 Units):Site-Built 78 $12,640,000 $162,051

    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 106 Foster Drive Lawtell, LA 70550 Full Service B&M $8,299
    American Bank & Trust Company 1306 Camellia Boulevard Lafayette, LA 70508 Full Service B&M $10,469
    American Bank & Trust Company 2931 Moss Street Lafayette, LA 70501 Full Service B&M $9,116
    American Bank & Trust Company 307 East Landry Street Opelousas, LA 70570 Full Service B&M $93,500
    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 $7,118
    American Bank & Trust Company Eighth And Florida Streets Krotz Springs, LA 70750 Full Service B&M $19,083
    American Bank & Trust Company Saizon Street Port Barre, LA 70577 Full Service B&M $13,479

    For 2019, American Bank & Trust Company had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,001
    Net interest income $7,187
    Total noninterest income $1,254
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $384
    Trading account gains and fees $0
    Additional Noninterest Income $870
    Pre-tax net operating income $2,675
    Securities gains (or losses, -) $12
    Income before extraordinary items $2,687
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,687
    Minority interest net income $0
    Net income $2,687
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,675

    American Bank & Trust Company's gross interest income from loans was $8,001,000.
    American Bank & Trust Company's net interest income from loans was $7,187,000.
    American Bank & Trust Company's fee based income from loans was $384,000.
    American Bank & Trust Company's net income from loans was $2,687,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $814
    Provision for credit losses $140
    Total noninterest expense $5,626
    Salaries and employee benefits $3,387
    Premises and equipment expense $683
    Additional noninterest expense $1,556
    Applicable income taxes $0
    Net charge-offs $50
    Cash dividends $1,315

    American Bank & Trust Company's interest expense for loans was $814,000.
    American Bank & Trust Company's payroll and benefits expense were $3,387,000.
    American Bank & Trust Company's property, plant and equipment expenses $683,000.

    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 $182,721
    Deposits held in domestic offices $182,721
    Deposits by Individuals, partnerships, and corporations $127,832
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $54,310
    Deposits by Commercial banks and other depository institutions in U.S. $579
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $120,493
    Demand deposits $61,698
    Nontransaction accounts $62,228
    Money market deposit accounts (MMDAs) $11,992
    Other savings deposits (excluding MMDAs) $28,026
    Total time deposits $22,210
    Total time and savings deposits $121,023
    Noninterest-bearing deposits $61,698
    Interest-bearing deposits $121,023
    Retail deposits $178,913
    IRAs and Keogh plan accounts $2,594
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $209,998
    Cash & Balances due from depository institutions $38,171
    Interest-bearing balances $30,195
    Total securities $30,076
    Federal funds sold & reverse repurchase $0
    Net loans and leases $135,097
    Loan and leases loss allowance $1,443
    Trading account assets $0
    Bank premises and fixed assets $2,013
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $4,641

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $209,998
    Total Liabilities $186,702
    Total deposits $182,721
    Interest-bearing deposits $121,023
    Deposits held in domestic offices $182,721
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,021
    Subordinated debt $0
    All other liabilities $1,960

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $135,097
    Loan and leases loss allowance $1,443
    Total loans and leases (domestic) $136,540
    All real estate loans $111,781
    Real estate loans in domestic offices $111,781
    Construction and development loans $18,656
    Residential 1-4 family construction $2,790
    Other construction, all land development and other land $15,866
    Loans secured by nonfarm nonresidential properties $31,111
    Nonfarm nonresidential secured by owner-occupied properties $13,650
    Commercial real estate & other non-farm, non-residential $17,461
    Multifamily residential real estate $1,166
    1-4 family residential loans $60,325
    Farmland loans $523
    Loans held in foreign offices $0
    Farm loans $42
    Commercial and industrial loans $17,483
    To non-U.S. addressees $0
    Loans to individuals $7,234
    Credit card loans $2,830
    Related Plans $0
    Consumer Auto Loans $625
    Other loans to individuals $3,779
    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 $135,097,000 of loans outstanding in 2019. $111,781,000 of loans were in real estate loans. $18,656,000 of loans were in development loans. $1,166,000 of loans were in multifamily mortgage loans. $60,325,000 of loans were in 1-4 family mortgage loans. $42,000 of loans were in farm loans. $2,830,000 of loans were in credit card loans. $625,000 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 96 $17,125 $178,385
    Nonfarm, nonresidential loans - <$100k 30 $1,368 $45,600
    Nonfarm, nonresidential loans - $100-250k 24 $3,077 $128,208
    Nonfarm, nonresidential loans - $250k-1MM 42 $12,680 $301,905
    Commercial & Industrial, US addressed loans - <$1MM 219 $14,208 $64,877
    Commercial & Industrial, US addressed loans - <$100k 155 $3,503 $22,600
    Commercial & Industrial, US addressed loans - $100-250k 50 $5,395 $107,900
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $5,310 $379,286
    Farmland loans - <$1MM 2 $523 $261,500
    Farmland loans - $100-250k 1 $181 $181,000
    Farmland loans - $250k-1MM 1 $342 $342,000
    Agriculture operations loans - <$1MM 1 $42 $42,000
    Agriculture operations loans - $250k-1MM 1 $42 $42,000