American National Bank & Trust Mortgage Rates, Fees & Info

Wichita Falls, TX

LEI: 549300LG8MECYD8F2A55

Tax ID: 75-1511306

5 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

American National Bank & Trust is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. American National Bank & Trust has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Wichita Falls, Dallas, Oklahoma City, Kingsville, and Lubbock among others. American National Bank & Trust has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. American National Bank & Trust is typically an average fee lendor.


Originations

788

Origination Dollar Volume (All Markets)

$196,000,000

Employee count

247 Show all (10) awards

Relative Rate

American National Bank & Trust's average 30 year fixed rate mortgage of loans were 2.9%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.25%.

Relative Fees

American National Bank & Trust's average total fees for a 30 year fixed rate mortgage are $4,051.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
WICHITA FALLS, TX (FHA|USDA|VA) 514 $96,240,000 $187,237 $3,577 2.95%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 164 $60,550,000 $369,207 $3,754 2.99%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $6,855,000 $6,855,000 $0 3.75%
Outside of Metro Areas 37 $6,435,000 $173,919 $3,123 3.21%
Kingsville, TX (FHA|USDA|VA) 1 $6,025,000 $6,025,000 $0 4.50%
LUBBOCK, TX (FHA|USDA|VA) 12 $3,120,000 $260,000 $3,108 3.04%
Athens, TX (FHA|USDA|VA) 3 $2,425,000 $808,333 $3,628 3.83%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 6 $2,210,000 $368,333 $3,079 3.00%
WACO, TX (FHA|USDA|VA) 10 $2,170,000 $217,000 $4,183 2.98%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 4.00%
AMARILLO, TX (FHA|USDA|VA) 1 $965,000 $965,000 $10,209 4.50%
Big Spring, TX (FHA|USDA|VA) 3 $855,000 $285,000 $3,716 2.63%
MIDLAND, TX (FHA|USDA|VA) 3 $825,000 $275,000 $2,462 3.50%
Vernon, TX (FHA|USDA|VA) 8 $630,000 $78,750 $3,178 2.89%
Granbury, TX (FHA|USDA|VA) 2 $590,000 $295,000 $3,374 2.25%
ABILENE, TX (FHA|USDA|VA) 2 $440,000 $220,000 $3,614 2.94%
TYLER, TX (FHA|USDA|VA) 2 $410,000 $205,000 $2,996 3.69%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $385,000 $385,000 $2,507 3.13%
FORT COLLINS, CO (FHA|USDA|VA) 1 $375,000 $375,000 $2,647 2.25%
Stephenville, TX (FHA|USDA|VA) 1 $375,000 $375,000 $4,551 3.13%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $315,000 $315,000 $4,462 3.25%
SANTA FE, NM (FHA|USDA|VA) 1 $315,000 $315,000 $3,548 4.00%
Corsicana, TX (FHA|USDA|VA) 1 $305,000 $305,000 $2,410 1.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $255,000 $255,000 $2,070 2.50%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $240,000 $120,000 $2,603 3.19%
Mineral Wells, TX (FHA|USDA|VA) 2 $240,000 $120,000 $2,956 3.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $205,000 $205,000 $2,894 4.25%
ODESSA, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,252 2.25%
Brownwood, TX (FHA|USDA|VA) 2 $180,000 $90,000 $2,583 2.50%
Sulphur Springs, TX (FHA|USDA|VA) 1 $175,000 $175,000 $5,252 2.63%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.50%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $55,000 $55,000 $1,261 4.50%

American National Bank & Trust's top markets include Wichita Falls, Dallas, Oklahoma City, Kingsville, and Lubbock among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 681 $172,955,000 $253,972 $2,982 3.06%
VA 80 $19,340,000 $241,750 $7,408 2.51%
FHA 27 $3,705,000 $137,222 $5,266 2.54%

For the 2021 period, American National Bank & Trust's most frequently originated loan type of loans were Conventional, with 681 originations. Their 2nd most popular type is VA, with 80 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 408 $102,820,000 $252,010 $4,271 3.02%
Refi 198 $47,730,000 $241,061 $2,517 2.75%
Cash Out Refi 159 $42,845,000 $269,465 $3,491 2.99%
Home Improvement 22 $2,540,000 $115,455 $1,865 4.38%
Other 1 $65,000 $65,000 $2,401 5.25%

For the 2021, American National Bank & Trust's most frequently cited loan purpose of loans were Home Purchase, with 408 originations. The 2nd most popular reason of loans were Refi, with 198 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 476 $108,180,000 $227,269 $4,051 2.90%
15 Year 160 $32,200,000 $201,250 $2,890 2.43%
Other 57 $12,025,000 $210,965 $2,281 4.44%
20 Year 35 $7,525,000 $215,000 $2,610 2.78%
5 Year 34 $26,850,000 $789,706 $1,121 4.26%
10 Year 22 $8,350,000 $379,545 $2,547 3.28%
1 Year 4 $870,000 $217,500 $3,200 4.41%

For the 2021, American National Bank & Trust's most frequently cited loan length of loans were 30 Year, with 476 originations. The 2nd most popular length of loans were 15 Year, with 160 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 695 $153,005,000 $220,151
$1k-2k 1 $385,000 $385,000
$2k-3k 1 $105,000 $105,000
$3k-4k 1 $305,000 $305,000
$5k+ 1 $495,000 $495,000

$4,051 of loans were American National Bank & Trust's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 695 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 274 $55,330,000 $201,934
<2.5% 254 $53,890,000 $212,165
3-4% 181 $60,505,000 $334,282
4-5% 74 $25,960,000 $350,811
5-6% 5 $315,000 $63,000

During 2021, American National Bank & Trust's average interest rate of loans were 2.90%, while their most frequently originated rate bucket of loans were 2.5-3%, with 274 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 305 $83,225,000 $272,869 $4,080 2.92%
$100k-200k 281 $41,605,000 $148,060 $3,245 2.89%
$100,000 or less 127 $8,925,000 $70,276 $2,267 3.23%
$400k-600k 57 $27,625,000 $484,649 $4,647 2.98%
$1MM+ 9 $28,105,000 $3,122,778 $7,082 4.04%
$600k-1MM 9 $6,515,000 $723,889 $5,404 3.86%

2021 saw American National Bank & Trust place emphasis on $200k-400k loans with 305 originations, totaling $83,225,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 191 $42,725,000 $223,691 $3,297 2.95%
$50k-75k 169 $27,185,000 $160,858 $3,896 2.88%
$150k-250k 125 $33,485,000 $267,880 $3,756 2.96%
$75k-100k 123 $23,175,000 $188,415 $3,833 2.87%
$250k+ 70 $24,750,000 $353,571 $3,362 3.22%
$50k or less 58 $6,010,000 $103,621 $3,034 2.77%

American National Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 191 originations. The second most popular income band? $50k-75k, with 169 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 183 $40,515,000 $221,393 $3,263 2.85%
30-36% 133 $26,945,000 $202,594 $3,508 2.89%
<20% 78 $17,140,000 $219,744 $3,111 2.90%
44% 32 $7,040,000 $220,000 $3,116 3.11%
37% 32 $8,440,000 $263,750 $3,343 3.14%
42% 28 $5,640,000 $201,429 $4,359 2.88%
43% 27 $5,765,000 $213,519 $3,648 2.93%
38% 26 $5,950,000 $228,846 $4,355 2.71%
41% 24 $5,900,000 $245,833 $4,288 3.01%
39% 23 $4,485,000 $195,000 $3,601 2.99%
40% 23 $4,505,000 $195,870 $3,802 2.99%
49% 21 $4,505,000 $214,524 $4,096 2.85%
45% 20 $4,270,000 $213,500 $3,339 2.66%
36% 20 $4,760,000 $238,000 $4,098 2.76%
48% 18 $3,360,000 $186,667 $3,824 2.91%
46% 18 $3,030,000 $168,333 $3,634 2.72%
50-60% 18 $3,690,000 $205,000 $5,027 3.36%
47% 16 $2,840,000 $177,500 $4,554 2.72%
>60% 5 $1,035,000 $207,000 $2,805 4.43%

American National Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 183 originations. The next most common DTI ratio? 30-36%, with 133 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 564 $123,640,000 $219,220 $3,541 2.92%
Not applicable 33 $33,735,000 $1,022,273 $0 4.18%
Not provided 155 $31,895,000 $205,774 $3,517 3.00%
Black 13 $3,385,000 $260,385 $5,901 2.93%
Asian 15 $2,385,000 $159,000 $3,396 2.93%
American Indian 6 $760,000 $126,667 $3,820 2.81%
Native Hawaiian 2 $200,000 $100,000 $0 2.81%

Approval Rates

Total approvals of all applications
92.07%

American National Bank & Trust has an average approval rate.

Pick Rate

Approvals leading to origination
90.78%

American National Bank & Trust has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 788 $196,000,000 $248,731

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
788 $196,000,000 $248,731

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 50 $10,550,000 $211,000 $2,915 3.07%
40-60% 111 $24,235,000 $218,333 $3,010 2.81%
60-80% 296 $77,290,000 $261,115 $2,983 3.03%
80-100% 283 $76,275,000 $269,523 $4,028 2.96%
Over 100% 25 $5,745,000 $229,800 $9,885 2.47%
Under 20% 22 $1,550,000 $70,455 $1,282 4.06%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
America Trust Funding-Mortgage, Bankers LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
American National Bank & Trust 200 Avenue H Chillicothe, TX 79225 Full Service B&M $22,384
American National Bank & Trust 108 W Main Archer City, TX 76351 Full Service B&M $27,945
American National Bank & Trust 111 West Fourth Street Quanah, TX 79252 Full Service B&M $22,474
American National Bank & Trust 120 S. Carroll Blvd. Denton, TX 76021 Full Service B&M $36,600
American National Bank & Trust 1201 Cross Timbers Road Flower Mound, TX 75028 Full Service B&M $75,738
American National Bank & Trust 1500 West 7th Street Fort Worth, TX 76102 Full Service B&M $46,255
American National Bank & Trust 1920 Elmwood Ave N. Wichita Falls, TX 76308 Full Service B&M $22,519
American National Bank & Trust 219 West Park Iowa Park, TX 76367 Full Service B&M $21,003
American National Bank & Trust 2732a Midwestern Parkway Wichita Falls, TX 76308 Full Service B&M $743,725
American National Bank & Trust 825 Scott Ave Wichita Falls, TX 76301 Full Service B&M $71,008

For 2021, American National Bank & Trust had 10 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $44,464
Net interest income $40,019
Total noninterest income $17,932
Gross Fiduciary activities income $6,734
Service charges on deposit accounts $622
Trading account gains and fees $0
Additional Noninterest Income $10,576
Pre-tax net operating income $19,540
Securities gains (or losses, -) $0
Income before extraordinary items $15,805
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $15,805
Minority interest net income $0
Net income $15,805
Sale, conversion, retirement of capital stock, net $0
Net operating income $15,805

American National Bank & Trust's gross interest income from loans was $44,464,000.
American National Bank & Trust's net interest income from loans was $40,019,000.
American National Bank & Trust's fee based income from loans was $622,000.
American National Bank & Trust's net income from loans was $15,805,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,445
Provision for credit losses $1,290
Total noninterest expense $37,121
Salaries and employee benefits $24,392
Premises and equipment expense $3,129
Additional noninterest expense $9,600
Applicable income taxes $3,735
Net charge-offs $348
Cash dividends $1,178

American National Bank & Trust's interest expense for loans was $4,445,000.
American National Bank & Trust's payroll and benefits expense were $24,392,000.
American National Bank & Trust's property, plant and equipment expenses $3,129,000.

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 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 $1,196,811
Deposits held in domestic offices $1,196,811
Deposits by Individuals, partnerships, and corporations $763,971
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $150,762
Deposits by Commercial banks and other depository institutions in U.S. $282,079
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $113,045
Demand deposits $49,643
Nontransaction accounts $1,083,767
Money market deposit accounts (MMDAs) $476,343
Other savings deposits (excluding MMDAs) $463,100
Total time deposits $144,324
Total time and savings deposits $1,147,169
Noninterest-bearing deposits $291,344
Interest-bearing deposits $905,467
Retail deposits $1,066,942
IRAs and Keogh plan accounts $19,131
Brokered deposits $74,613
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,368,411
Cash & Balances due from depository institutions $253,046
Interest-bearing balances $244,658
Total securities $100,495
Federal funds sold & reverse repurchase $0
Net loans and leases $939,133
Loan and leases loss allowance $13,039
Trading account assets $0
Bank premises and fixed assets $28,555
Other real estate owned $183
Goodwill and other intangibles $7,379
All other assets $39,620

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,368,411
Total Liabilities $1,209,339
Total deposits $1,196,811
Interest-bearing deposits $905,467
Deposits held in domestic offices $1,196,811
% insured (estimated) $47
Federal funds purchased and repurchase agreements $170
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $12,358

Issued Loan Types

Type Value (in 000's)
Net loans and leases $939,133
Loan and leases loss allowance $13,039
Total loans and leases (domestic) $952,172
All real estate loans $847,876
Real estate loans in domestic offices $847,876
Construction and development loans $123,289
Residential 1-4 family construction $24,614
Other construction, all land development and other land $98,675
Loans secured by nonfarm nonresidential properties $579,993
Nonfarm nonresidential secured by owner-occupied properties $92,524
Commercial real estate & other non-farm, non-residential $487,469
Multifamily residential real estate $45,841
1-4 family residential loans $88,103
Farmland loans $10,650
Loans held in foreign offices $0
Farm loans $1,643
Commercial and industrial loans $43,725
To non-U.S. addressees $0
Loans to individuals $18,389
Credit card loans $0
Related Plans $0
Consumer Auto Loans $13,064
Other loans to individuals $5,325
All other loans & leases $40,539
Loans to foreign governments and official institutions $0
Other loans $15,607
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 $1,834
Non 1-4 family restructured loans & leases $1,805
Total loans and leases (foreign) $0

American National Bank & Trust had $939,133,000 of loans outstanding in 2021. $847,876,000 of loans were in real estate loans. $123,289,000 of loans were in development loans. $45,841,000 of loans were in multifamily mortgage loans. $88,103,000 of loans were in 1-4 family mortgage loans. $1,643,000 of loans were in farm loans. $0 of loans were in credit card loans. $13,064,000 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 152 $50,718 $333,671
Nonfarm, nonresidential loans - <$100k 16 $612 $38,250
Nonfarm, nonresidential loans - $100-250k 36 $4,495 $124,861
Nonfarm, nonresidential loans - $250k-1MM 100 $45,611 $456,110
Commercial & Industrial, US addressed loans - <$1MM 437 $31,423 $71,906
Commercial & Industrial, US addressed loans - <$100k 333 $7,236 $21,730
Commercial & Industrial, US addressed loans - $100-250k 53 $6,086 $114,830
Commercial & Industrial, US addressed loans - $250k-1MM 51 $18,101 $354,922
Farmland loans - <$1MM 27 $3,289 $121,815
Farmland loans - <$100k 7 $285 $40,714
Farmland loans - $100-250k 16 $1,981 $123,813
Farmland loans - $250k-1MM 4 $1,023 $255,750
Agriculture operations loans - <$1MM 32 $1,443 $45,094
Agriculture operations loans - <$100k 26 $686 $26,385
Agriculture operations loans - $100-250k 5 $417 $83,400
Agriculture operations loans - $250k-1MM 1 $340 $340,000