American National Bank & Trust Mortgage Rates, Fees & Info

Wichita Falls, TX

LEI: 549300LG8MECYD8F2A55

Tax ID: 75-1511306

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    American National Bank & Trust is a smaller bank specializing in Home Purchase loans. American National Bank & Trust has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Wichita Falls, Dallas, Austin, Vernon, and Mineral Wells among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American National Bank & Trust has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. American National Bank & Trust 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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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.43% 4/18/24
    30 Year Conventional Refi 6.40% 4/18/24
    30 Year Cash-out Refi 6.46% 4/18/24
    30 Year FHA Purchase 6.93% 4/18/24
    30 Year VA Purchase 5.96% 4/18/24
    15 Year Conventional Purchase 5.81% 4/18/24
    15 Year Conventional Refi 5.91% 4/18/24
    15 Year Cash-out Refi 5.91% 4/18/24
    15 Year FHA Purchase 7.36% 4/18/24
    15 Year VA Purchase 5.90% 4/18/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    American National Bank & Trust Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from American National Bank & Trust. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    461

    Origination Dollar Volume (All Markets)

    $89,965,000

    Employee count

    180 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
    WICHITA FALLS, TX (FHA|USDA|VA) 357 $51,895,000 $145,364 $3,379 4.63%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 47 $25,615,000 $545,000 $4,593 4.81%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $3,895,000 $779,000 $4,509 4.63%
    Outside of Metro Areas 16 $1,760,000 $110,000 $2,838 4.88%
    Vernon, TX (FHA|USDA|VA) 10 $1,230,000 $123,000 $3,235 4.95%
    Mineral Wells, TX (FHA|USDA|VA) 4 $1,070,000 $267,500 $5,863 5.25%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $1,055,000 $1,055,000 $0 5.50%
    LUBBOCK, TX (FHA|USDA|VA) 4 $510,000 $127,500 $2,895 4.41%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $375,000 $375,000 $8,787 3.88%
    WACO, TX (FHA|USDA|VA) 1 $375,000 $375,000 $4,255 4.25%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $365,000 $365,000 $3,329 4.88%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $345,000 $345,000 $4,370 5.00%
    TYLER, TX (FHA|USDA|VA) 1 $265,000 $265,000 $3,477 4.75%
    Granbury, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,546 5.50%
    Athens, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,850 4.50%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $155,000 $155,000 $2,790 4.75%
    Kerrville, TX (FHA|USDA|VA) 1 $145,000 $145,000 $2,874 4.88%
    Brownwood, TX (FHA|USDA|VA) 2 $140,000 $70,000 $2,121 5.50%
    TULSA, OK (FHA|USDA|VA) 3 $135,000 $45,000 $0 5.50%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $135,000 $135,000 $2,426 4.88%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,417 5.75%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.13%
    American National Bank & Trust's top markets include Wichita Falls, Dallas, Austin, Vernon, and Mineral Wells among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

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

    NEIGHBORHOOD
    Similarity Rank: 200
    UNION SQUARE
    Similarity Rank: 364
    TEXANS
    Similarity Rank: 416
    Extraco Banks
    Similarity Rank: 550
    AMERICAN HERITAGE CAPITAL, L.P.
    Similarity Rank: 780
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 870
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 897
    CRESTMARK MORTGAGE COMPANY, LTD.
    Similarity Rank: 992
    ASCENT HOME LENDING, LLC
    Similarity Rank: 1220
    DATCU
    Similarity Rank: 1440

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 356 $73,220,000 $205,674 $2,805 4.80%
    VA 59 $11,065,000 $187,542 $6,073 4.24%
    FHA 46 $5,680,000 $123,478 $4,735 4.39%

    For 2018, American National Bank & Trust's most frequently originated type of loan was Conventional, with 356 originations. Their 2nd most popular type was VA, with 59 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 348 $71,070,000 $204,224 $3,831 4.65%
    Cash Out Refi 43 $10,105,000 $235,000 $2,967 4.75%
    Refi 36 $6,430,000 $178,611 $2,459 4.70%
    Home Improvement 24 $1,640,000 $68,333 $2,043 4.97%
    Other 10 $720,000 $72,000 $2,215 4.74%

    For 2018, American National Bank & Trust's most frequently cited loan purpose was Home Purchase, with 348 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 287 $49,145,000 $171,237 $3,936 4.59%
    15 Year 62 $7,940,000 $128,065 $2,539 4.41%
    Other 44 $8,340,000 $189,545 $2,903 5.05%
    10 Year 26 $2,480,000 $95,385 $1,685 4.97%
    5 Year 24 $18,840,000 $785,000 $1,366 5.59%
    20 Year 14 $2,590,000 $185,000 $3,228 4.46%
    1 Year 3 $425,000 $141,667 $2,926 4.96%
    3 Year 1 $205,000 $205,000 $0 5.75%

    For 2018, American National Bank & Trust's most frequently cited loan duration was 30 Year, with 287 originations. The 2nd most popular length was 15 Year, with 62 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 404 $66,850,000 $165,470
    $4k-5k 1 $705,000 $705,000

    American National Bank & Trust's average total fees were $3,936, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 404 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 341 $68,125,000 $199,780
    5-6% 72 $12,940,000 $179,722
    3-4% 44 $8,280,000 $188,182
    6-7% 4 $620,000 $155,000

    During 2018, American National Bank & Trust's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 4-5%, with 341 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 179 $25,255,000 $141,089 $3,515 4.60%
    $100,000 or less 155 $9,815,000 $63,323 $2,415 4.79%
    $200k-400k 104 $28,550,000 $274,519 $4,453 4.66%
    $400k-600k 15 $6,545,000 $436,333 $5,230 4.59%
    $1MM+ 6 $18,290,000 $3,048,333 $9,287 5.17%
    $600k-1MM 2 $1,510,000 $755,000 $8,960 4.31%

    2018 saw American National Bank & Trust place emphasis on $100k-200k loans with 179 originations, totaling $25,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 119 $15,025,000 $126,261 $3,658 4.55%
    $100k-150k 95 $16,745,000 $176,263 $3,710 4.66%
    $75k-100k 88 $12,630,000 $143,523 $3,564 4.67%
    $50k or less 66 $6,510,000 $98,636 $2,869 4.73%
    $150k-250k 49 $11,035,000 $225,204 $3,219 4.60%
    $250k+ 26 $9,520,000 $366,154 $3,963 4.95%

    American National Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 119 originations. The second most popular income band? $100k-150k, with 95 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 81 $12,995,000 $160,432 $3,334 4.60%
    30-36% 74 $13,600,000 $183,784 $3,371 4.58%
    50-60% 34 $4,830,000 $142,059 $3,690 4.63%
    <20% 30 $3,030,000 $101,000 $2,489 4.61%
    46% 24 $3,590,000 $149,583 $3,814 4.65%
    44% 21 $3,595,000 $171,190 $3,365 4.72%
    49% 20 $3,680,000 $184,000 $3,232 4.51%
    38% 19 $3,225,000 $169,737 $3,256 4.73%
    42% 18 $2,520,000 $140,000 $3,362 4.72%
    41% 17 $3,215,000 $189,118 $5,105 4.78%
    47% 15 $2,475,000 $165,000 $4,100 4.58%
    37% 15 $2,565,000 $171,000 $3,199 4.83%
    39% 14 $2,120,000 $151,429 $3,455 4.64%
    43% 14 $1,860,000 $132,857 $2,778 4.69%
    40% 12 $1,490,000 $124,167 $2,957 4.63%
    45% 10 $1,740,000 $174,000 $4,948 4.55%
    48% 8 $1,530,000 $191,250 $5,656 4.42%
    36% 5 $755,000 $151,000 $4,251 4.55%
    >60% 4 $1,460,000 $365,000 $5,192 5.15%

    American National Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 81 originations. The next most common DTI ratio? 30-36%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 380 $61,560,000 $162,000 $3,394 4.66%
    Not applicable 17 $18,115,000 $1,065,588 $0 5.47%
    Not provided 40 $6,750,000 $168,750 $4,197 4.62%
    Black 12 $2,100,000 $175,000 $4,824 4.39%
    American Indian 5 $685,000 $137,000 $3,350 4.50%
    Asian 6 $660,000 $110,000 $2,663 4.83%
    Native Hawaiian or Islander 1 $95,000 $95,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    87.10%

    American National Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.92%

    American National Bank & Trust 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
    NA 461 $89,965,000 $195,152

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $17,065,000 $2,437,857
    Single Family (1-4 Units):Manufactured 1 $45,000 $45,000
    Single Family (1-4 Units):Site-Built 453 $72,855,000 $160,828

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $2,090,000 $87,083 $2,105 4.63%
    40-60% 32 $14,470,000 $452,188 $2,748 4.64%
    60-80% 125 $29,335,000 $234,680 $3,085 4.76%
    80-100% 237 $39,095,000 $164,958 $3,819 4.65%
    Over 100% 15 $3,275,000 $218,333 $8,899 4.15%
    Under 20% 28 $1,700,000 $60,714 $1,083 5.07%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    AMERICAN FINANCING CORPORATION Conventional home mortgage Unable to get your credit report or credit score 1 50.0%
    AMERICAN FINANCING CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    American National Bank & Trust 111 S. Center Archer City, TX 76351 Full Service B&M $16,097
    American National Bank & Trust 111 West Fourth Street Quanah, TX 79252 Full Service B&M $20,122
    American National Bank & Trust 1201 Cross Timbers Road Flower Mound, TX 75028 Full Service B&M $46,101
    American National Bank & Trust 1500 West 7th Street Fort Worth, TX 76102 Full Service B&M $22,157
    American National Bank & Trust 1920 Elmwood Ave N. Wichita Falls, TX 76308 Full Service B&M $15,796
    American National Bank & Trust 200 Avenue H Chillicothe, TX 79225 Full Service B&M $19,820
    American National Bank & Trust 219 West Park Iowa Park, TX 76367 Full Service B&M $14,277
    American National Bank & Trust 2732a Midwestern Parkway Wichita Falls, TX 76308 Full Service B&M $338,768
    American National Bank & Trust 719 Scott Ave Wichita Falls, TX 76301 Full Service B&M $66,134

    For 2018, American National Bank & Trust had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,305
    Net interest income $21,775
    Total noninterest income $11,741
    Gross Fiduciary activities income $5,550
    Service charges on deposit accounts $734
    Trading account gains and fees $0
    Additional Noninterest Income $5,457
    Pre-tax net operating income $8,975
    Securities gains (or losses, -) $-1
    Income before extraordinary items $7,530
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,530
    Minority interest net income $0
    Net income $7,530
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,530

    American National Bank & Trust's gross interest income from loans was $27,305,000.
    American National Bank & Trust's net interest income from loans was $21,775,000.
    American National Bank & Trust's fee based income from loans was $734,000.
    American National Bank & Trust's net income from loans was $7,530,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,530
    Provision for credit losses $550
    Total noninterest expense $23,991
    Salaries and employee benefits $14,997
    Premises and equipment expense $2,343
    Additional noninterest expense $6,651
    Applicable income taxes $1,444
    Net charge-offs $28
    Cash dividends $5,681

    American National Bank & Trust's interest expense for loans was $5,530,000.
    American National Bank & Trust's payroll and benefits expense were $14,997,000.
    American National Bank & Trust's property, plant and equipment expenses $2,343,000.

    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 5.0%
    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 $625,699
    Deposits held in domestic offices $625,699
    Deposits by Individuals, partnerships, and corporations $475,082
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $58,256
    Deposits by Commercial banks and other depository institutions in U.S. $92,361
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $47,040
    Demand deposits $26,881
    Nontransaction accounts $578,659
    Money market deposit accounts (MMDAs) $197,232
    Other savings deposits (excluding MMDAs) $261,497
    Total time deposits $119,930
    Total time and savings deposits $598,818
    Noninterest-bearing deposits $161,679
    Interest-bearing deposits $464,020
    Retail deposits $567,029
    IRAs and Keogh plan accounts $17,825
    Brokered deposits $31,585
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $732,343
    Cash & Balances due from depository institutions $25,315
    Interest-bearing balances $12,792
    Total securities $113,116
    Federal funds sold & reverse repurchase $0
    Net loans and leases $536,582
    Loan and leases loss allowance $5,597
    Trading account assets $0
    Bank premises and fixed assets $19,220
    Other real estate owned $1,190
    Goodwill and other intangibles $6,081
    All other assets $30,839

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $732,343
    Total Liabilities $655,351
    Total deposits $625,699
    Interest-bearing deposits $464,020
    Deposits held in domestic offices $625,699
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $1,025
    Trading liabilities $0
    Other borrowed funds $20,000
    Subordinated debt $0
    All other liabilities $8,627

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $536,582
    Loan and leases loss allowance $5,597
    Total loans and leases (domestic) $542,179
    All real estate loans $402,558
    Real estate loans in domestic offices $402,558
    Construction and development loans $61,322
    Residential 1-4 family construction $15,944
    Other construction, all land development and other land $45,378
    Loans secured by nonfarm nonresidential properties $238,679
    Nonfarm nonresidential secured by owner-occupied properties $65,081
    Commercial real estate & other non-farm, non-residential $173,598
    Multifamily residential real estate $21,121
    1-4 family residential loans $71,051
    Farmland loans $10,385
    Loans held in foreign offices $0
    Farm loans $1,051
    Commercial and industrial loans $50,172
    To non-U.S. addressees $0
    Loans to individuals $26,986
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $20,912
    Other loans to individuals $6,074
    All other loans & leases $61,412
    Loans to foreign governments and official institutions $0
    Other loans $42,498
    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 $17
    Non 1-4 family restructured loans & leases $17
    Total loans and leases (foreign) $0

    American National Bank & Trust had $536,582,000 of loans outstanding in 2018. $402,558,000 of loans were in real estate loans. $61,322,000 of loans were in development loans. $21,121,000 of loans were in multifamily mortgage loans. $71,051,000 of loans were in 1-4 family mortgage loans. $1,051,000 of loans were in farm loans. $0 of loans were in credit card loans. $20,912,000 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 144 $37,398 $259,708
    Nonfarm, nonresidential loans - <$100k 26 $962 $37,000
    Nonfarm, nonresidential loans - $100-250k 39 $5,304 $136,000
    Nonfarm, nonresidential loans - $250k-1MM 79 $31,132 $394,076
    Commercial & Industrial, US addressed loans - <$1MM 516 $22,886 $44,353
    Commercial & Industrial, US addressed loans - <$100k 418 $6,408 $15,330
    Commercial & Industrial, US addressed loans - $100-250k 50 $4,230 $84,600
    Commercial & Industrial, US addressed loans - $250k-1MM 48 $12,248 $255,167
    Farmland loans - <$1MM 34 $4,884 $143,647
    Farmland loans - <$100k 9 $369 $41,000
    Farmland loans - $100-250k 17 $2,216 $130,353
    Farmland loans - $250k-1MM 8 $2,299 $287,375
    Agriculture operations loans - <$1MM 40 $1,051 $26,275
    Agriculture operations loans - <$100k 34 $576 $16,941
    Agriculture operations loans - $100-250k 6 $475 $79,167