American Trust & Savings Bank Mortgage Rates, Fees & Info

DUBUQUE, IA

LEI: 549300K4UTBLXTLS0A66

Tax ID: 42-0114010

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    American Trust & Savings Bank is a smaller bank specializing in Home Purchase loans. American Trust & Savings Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dubuque, Des Moines, Platteville, Cedar Rapids, and Chicago among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American Trust & Savings Bank 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. American Trust & Savings Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

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    Originations

    643

    Origination Dollar Volume (All Markets)

    $130,535,000
    Show all (9) awards

    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
    DUBUQUE, IA (FHA|USDA|VA) 381 $68,075,000 $178,675 $1,414 4.60%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 99 $22,635,000 $228,636 $1,412 4.45%
    Outside of Metro Areas 65 $21,115,000 $324,846 $1,576 4.53%
    Platteville, WI (FHA|USDA|VA) 46 $6,160,000 $133,913 $1,616 4.52%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 14 $2,460,000 $175,714 $1,621 4.80%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $1,700,000 $850,000 $6,244 4.46%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,180,000 $295,000 $2,900 4.41%
    MADISON, WI (FHA|USDA|VA) 5 $975,000 $195,000 $2,164 4.52%
    Edwards, CO (FHA|USDA|VA) 1 $805,000 $805,000 $2,891 4.50%
    GREEN BAY, WI (FHA|USDA|VA) 2 $490,000 $245,000 $2,101 4.06%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 3 $475,000 $158,333 $1,069 4.91%
    Pella, IA (FHA|USDA|VA) 1 $435,000 $435,000 $347 4.38%
    Muscatine, IA (FHA|USDA|VA) 2 $400,000 $200,000 $2,690 4.49%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $395,000 $395,000 $2,628 4.74%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $325,000 $325,000 $1,765 4.25%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 2 $320,000 $160,000 $1,894 4.41%
    AMES, IA (FHA|USDA|VA) 2 $320,000 $160,000 $201 4.88%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $315,000 $315,000 $2,440 4.25%
    IOWA CITY, IA (FHA|USDA|VA) 2 $310,000 $155,000 $1,556 4.80%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $295,000 $295,000 $1,844 4.25%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $275,000 $275,000 $1,566 4.25%
    Ottumwa, IA (FHA|USDA|VA) 1 $225,000 $225,000 $1,372 3.75%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,995 4.37%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $225,000 $225,000 $2,568 3.87%
    TULSA, OK (FHA|USDA|VA) 1 $145,000 $145,000 $2,966 4.00%
    Clinton, IA (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.25%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 2 $110,000 $55,000 $83 5.38%
    American Trust & Savings Bank's top markets include Dubuque, Des Moines, Platteville, Cedar Rapids, and Chicago among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against American Trust & Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Charter Bank
    Similarity Rank: 36
    Citizens State Bank
    Similarity Rank: 68
    Mound City Bank
    Similarity Rank: 70
    Farmers Savings Bank & Trust
    Similarity Rank: 76
    Heartland Credit Union (Madison)
    Similarity Rank: 78
    Royal Bank
    Similarity Rank: 81
    Fidelity Bank & Trust
    Similarity Rank: 84
    Raccoon Valley Bank
    Similarity Rank: 96
    FIRST
    Similarity Rank: 117
    Hills Bank and Trust Company
    Similarity Rank: 117

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 620 $127,420,000 $205,516 $1,435 4.57%
    USDA 16 $2,100,000 $131,250 $2,537 4.51%
    VA 7 $1,015,000 $145,000 $2,963 4.18%

    For 2018, American Trust & Savings Bank's most frequently originated type of loan was Conventional, with 620 originations. Their 2nd most popular type was USDA, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 489 $105,805,000 $216,370 $1,609 4.48%
    Refi 86 $15,920,000 $185,116 $967 4.86%
    Cash Out Refi 38 $6,440,000 $169,474 $1,810 4.29%
    Other 23 $1,905,000 $82,826 $333 5.40%
    Home Improvement 7 $465,000 $66,429 $171 5.74%

    For 2018, American Trust & Savings Bank's most frequently cited loan purpose was Home Purchase, with 489 originations. The 2nd most popular reason was Refi, with 86 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 453 $86,295,000 $190,497 $1,591 4.47%
    15 Year 92 $11,610,000 $126,196 $1,193 4.72%
    5 Year 33 $17,175,000 $520,455 $124 4.99%
    Other 28 $9,650,000 $344,643 $577 4.97%
    20 Year 21 $3,695,000 $175,952 $1,686 4.24%
    10 Year 10 $680,000 $68,000 $877 5.39%
    1 Year 4 $1,080,000 $270,000 $0 4.78%
    30+ year 2 $350,000 $175,000 $2,556 4.63%

    For 2018, American Trust & Savings Bank's most frequently cited loan duration was 30 Year, with 453 originations. The 2nd most popular length was 15 Year, with 92 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 463 $83,455,000 $180,248
    $1k-2k 97 $16,695,000 $172,113
    $2k-3k 13 $3,265,000 $251,154
    $3k-4k 2 $540,000 $270,000
    $4k-5k 1 $235,000 $235,000

    American Trust & Savings Bank's average total fees were $1,591, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 463 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 483 $103,055,000 $213,364
    3-4% 99 $20,975,000 $211,869
    5-6% 43 $5,855,000 $136,163
    6-7% 7 $235,000 $33,571
    Over 8% 6 $180,000 $30,000
    7-8% 5 $235,000 $47,000

    During 2018, American Trust & Savings Bank's average interest rate for loans was 4.47%, while their most frequently originated rate bucket for loans was 4-5%, with 483 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 279 $41,375,000 $148,297 $1,540 4.47%
    $200k-400k 179 $48,735,000 $272,263 $1,774 4.41%
    $100,000 or less 154 $9,930,000 $64,481 $1,070 4.95%
    $400k-600k 23 $10,165,000 $441,957 $1,127 4.34%
    $600k-1MM 5 $3,465,000 $693,000 $1,525 4.50%
    $1MM+ 3 $16,865,000 $5,621,667 $0 4.59%

    2018 saw American Trust & Savings Bank place emphasis on $100k-200k loans with 279 originations, totaling $41,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 150 $15,500,000 $103,333 $1,477 4.67%
    $50k-75k 148 $23,410,000 $158,176 $1,463 4.56%
    $75k-100k 107 $19,455,000 $181,822 $1,393 4.58%
    $100k-150k 96 $22,030,000 $229,479 $1,649 4.42%
    $150k-250k 51 $12,975,000 $254,412 $1,600 4.39%
    $250k+ 38 $10,840,000 $285,263 $1,527 4.37%

    American Trust & Savings Bank lent most frequently to those with incomes in the $50k or less range, with 150 originations. The second most popular income band? $50k-75k, with 148 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 146 $27,270,000 $186,781 $1,605 4.48%
    30-36% 124 $20,880,000 $168,387 $1,444 4.53%
    <20% 57 $10,375,000 $182,018 $1,732 4.35%
    37% 30 $4,350,000 $145,000 $1,638 4.71%
    39% 28 $4,370,000 $156,071 $1,130 4.59%
    38% 25 $4,505,000 $180,200 $1,355 4.66%
    43% 24 $3,430,000 $142,917 $1,560 4.48%
    41% 23 $4,195,000 $182,391 $1,212 4.39%
    40% 22 $4,290,000 $195,000 $1,330 4.80%
    44% 20 $4,080,000 $204,000 $1,494 4.48%
    45% 19 $3,465,000 $182,368 $1,409 4.72%
    36% 18 $3,400,000 $188,889 $1,663 4.57%
    42% 12 $2,010,000 $167,500 $1,361 4.42%
    46% 12 $2,770,000 $230,833 $1,186 4.54%
    47% 11 $1,945,000 $176,818 $1,609 4.37%
    48% 11 $2,475,000 $225,000 $1,703 4.54%
    49% 8 $1,480,000 $185,000 $1,613 4.24%
    50-60% 7 $1,055,000 $150,714 $1,186 4.64%
    >60% 6 $1,000,000 $166,667 $155 6.40%

    American Trust & Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 146 originations. The next most common DTI ratio? 30-36%, with 124 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 589 $103,955,000 $176,494 $1,479 4.55%
    Not applicable 34 $22,690,000 $667,353 $0 4.94%
    Asian 15 $2,845,000 $189,667 $1,735 4.35%
    Black 3 $505,000 $168,333 $989 4.61%
    Asian Indian 1 $455,000 $455,000 $1,726 4.87%
    Not provided 1 $85,000 $85,000 $1,966 4.50%

    Approval Rates

    Total approvals of all applications
    91.58%

    American Trust & Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.62%

    American Trust & Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 643 $130,535,000 $203,009

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $17,005,000 $1,889,444
    Single Family (1-4 Units):Manufactured 5 $205,000 $41,000
    Single Family (1-4 Units):Site-Built 629 $113,325,000 $180,167

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $3,915,000 $118,636 $845 5.19%
    40-60% 65 $10,715,000 $164,846 $1,427 4.37%
    60-80% 209 $57,755,000 $276,340 $1,693 4.51%
    80-100% 299 $54,025,000 $180,686 $1,536 4.50%
    Over 100% 6 $2,410,000 $401,667 $2,762 4.65%
    Under 20% 31 $1,715,000 $55,323 $230 5.34%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    AMERIS BANCORP Other type of mortgage Closing on a mortgage 1 100.0%