American Bank & Trust Company Mortgage Rates, Fees & Info
Opelousas, LALEI: 549300E8WNDXIPI7FA49
Tax ID: 72-0510483
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Mortgage Data
Bank Data
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, New Orleans, and Natchitoches among others. We have data for 5 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.
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Originations
98Origination Dollar Volume (All Markets)
$18,140,000Employee count
52Top 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) | 50 | $9,510,000 | $190,200 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 45 | $8,075,000 | $179,444 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 98 | $18,140,000 | $185,102 | $0 | 0.00% |
For 2020, American Bank & Trust Company's most frequently originated type of loan was Conventional, with 98 originations.
Loan Reason
For 2020, American Bank & Trust Company's most frequently cited loan purpose was Refi, with 48 originations. The 2nd most popular reason was Home Purchase, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 98 | $18,140,000 | $185,102 | $0 | 0.00% |
For 2020, American Bank & Trust Company's most frequently cited loan duration was Other, with 98 originations.
Loan Sizing
2020 saw American Bank & Trust Company place emphasis on $100,000 or less loans with 42 originations, totaling $2,230,000 in origination value.
Applicant Income
American Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 13 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 |
|---|---|---|---|---|---|
| Exempt% | 98 | $18,140,000 | $185,102 | $0 | 0.00% |
American Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 98 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.10%
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 origination94.90%
American Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 98 | $18,140,000 | $185,102 |
Occupancy Type Mix
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 | 106 Foster Drive Lawtell, LA 70550 | Full Service B&M | $8,242 |
| American Bank & Trust Company | 1306 Camellia Boulevard Lafayette, LA 70508 | Full Service B&M | $12,757 |
| American Bank & Trust Company | 2931 Moss Street Lafayette, LA 70501 | Full Service B&M | $10,189 |
| American Bank & Trust Company | 307 East Landry Street Opelousas, LA 70570 | Full Service B&M | $102,598 |
| 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 | $8,616 |
| American Bank & Trust Company | Eighth And Florida Streets Krotz Springs, LA 70750 | Full Service B&M | $22,454 |
| American Bank & Trust Company | Saizon Street Port Barre, LA 70577 | Full Service B&M | $15,001 |
For 2020, American Bank & Trust Company had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $7,915 |
| Net interest income | $7,161 |
| Total noninterest income | $928 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $266 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $662 |
| Pre-tax net operating income | $2,487 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $2,487 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,487 |
| Minority interest net income | $0 |
| Net income | $2,487 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,487 |
American Bank & Trust Company's gross interest income from loans was $7,915,000.
American Bank & Trust Company's net interest income from loans was $7,161,000.
American Bank & Trust Company's fee based income from loans was $266,000.
American Bank & Trust Company's net income from loans was $2,487,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $754 |
| Provision for credit losses | $96 |
| Total noninterest expense | $5,506 |
| Salaries and employee benefits | $3,356 |
| Premises and equipment expense | $693 |
| Additional noninterest expense | $1,457 |
| Applicable income taxes | $0 |
| Net charge-offs | $6 |
| Cash dividends | $1,460 |
American Bank & Trust Company's interest expense for loans was $754,000.
American Bank & Trust Company's payroll and benefits expense were $3,356,000.
American Bank & Trust Company's property, plant and equipment expenses $693,000.
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 | 1.0% |
| Credit card loans | 4.3% |
| 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 | $204,184 |
| Deposits held in domestic offices | $204,184 |
| Deposits by Individuals, partnerships, and corporations | $149,265 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $54,519 |
| Deposits by Commercial banks and other depository institutions in U.S. | $400 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $133,679 |
| Demand deposits | $75,948 |
| Nontransaction accounts | $70,505 |
| Money market deposit accounts (MMDAs) | $13,715 |
| Other savings deposits (excluding MMDAs) | $32,756 |
| Total time deposits | $24,034 |
| Total time and savings deposits | $128,236 |
| Noninterest-bearing deposits | $75,948 |
| Interest-bearing deposits | $128,236 |
| Retail deposits | $198,520 |
| IRAs and Keogh plan accounts | $2,406 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $232,862 |
| Cash & Balances due from depository institutions | $67,868 |
| Interest-bearing balances | $61,028 |
| Total securities | $20,274 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $138,131 |
| Loan and leases loss allowance | $1,533 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,922 |
| Other real estate owned | $52 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,615 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $232,862 |
| Total Liabilities | $208,107 |
| Total deposits | $204,184 |
| Interest-bearing deposits | $128,236 |
| Deposits held in domestic offices | $204,184 |
| % insured (estimated) | $69 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,964 |
| Subordinated debt | $0 |
| All other liabilities | $1,959 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $138,131 |
| Loan and leases loss allowance | $1,533 |
| Total loans and leases (domestic) | $139,664 |
| All real estate loans | $110,248 |
| Real estate loans in domestic offices | $110,248 |
| Construction and development loans | $13,954 |
| Residential 1-4 family construction | $2,356 |
| Other construction, all land development and other land | $11,598 |
| Loans secured by nonfarm nonresidential properties | $37,620 |
| Nonfarm nonresidential secured by owner-occupied properties | $17,709 |
| Commercial real estate & other non-farm, non-residential | $19,911 |
| Multifamily residential real estate | $1,018 |
| 1-4 family residential loans | $57,026 |
| Farmland loans | $630 |
| Loans held in foreign offices | $0 |
| Farm loans | $32 |
| Commercial and industrial loans | $22,939 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $6,445 |
| Credit card loans | $2,268 |
| Related Plans | $0 |
| Consumer Auto Loans | $447 |
| Other loans to individuals | $3,730 |
| 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 $138,131,000 of loans outstanding in 2020. $110,248,000 of loans were in real estate loans. $13,954,000 of loans were in development loans. $1,018,000 of loans were in multifamily mortgage loans. $57,026,000 of loans were in 1-4 family mortgage loans. $32,000 of loans were in farm loans. $2,268,000 of loans were in credit card loans. $447,000 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 | 95 | $17,129 | $180,305 |
| Nonfarm, nonresidential loans - <$100k | 33 | $1,654 | $50,121 |
| Nonfarm, nonresidential loans - $100-250k | 25 | $3,525 | $141,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 37 | $11,950 | $322,973 |
| Commercial & Industrial, US addressed loans - <$1MM | 306 | $17,043 | $55,696 |
| Commercial & Industrial, US addressed loans - <$100k | 233 | $6,050 | $25,966 |
| Commercial & Industrial, US addressed loans - $100-250k | 60 | $7,057 | $117,617 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 13 | $3,936 | $302,769 |
| Farmland loans - <$1MM | 3 | $630 | $210,000 |
| Farmland loans - $100-250k | 2 | $299 | $149,500 |
| Farmland loans - $250k-1MM | 1 | $331 | $331,000 |
| Agriculture operations loans - <$1MM | 1 | $31 | $31,000 |
| Agriculture operations loans - $250k-1MM | 1 | $31 | $31,000 |