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
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Mortgage Data
Bank 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
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American National Bank & Trust - 2021
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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
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.
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 |
