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™
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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)

    • 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, Killeen, Lubbock, and Gainesville among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American National Bank & Trust 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 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% 11/21/24
    30 Year Conventional Refi 6.40% 11/21/24
    30 Year Cash-out Refi 6.46% 11/21/24
    30 Year FHA Purchase 6.93% 11/21/24
    30 Year VA Purchase 5.96% 11/21/24
    15 Year Conventional Purchase 5.81% 11/21/24
    15 Year Conventional Refi 5.91% 11/21/24
    15 Year Cash-out Refi 5.91% 11/21/24
    15 Year FHA Purchase 7.36% 11/21/24
    15 Year VA Purchase 5.90% 11/21/24
    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

    681

    Origination Dollar Volume (All Markets)

    $133,255,000

    Employee count

    200 Show all (8) 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) 469 $74,615,000 $159,094 $3,605 4.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 124 $35,750,000 $288,306 $3,498 4.26%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $7,590,000 $3,795,000 $2,939 4.75%
    Outside of Metro Areas 34 $5,090,000 $149,706 $3,266 4.27%
    LUBBOCK, TX (FHA|USDA|VA) 5 $1,865,000 $373,000 $3,041 3.75%
    Gainesville, TX (FHA|USDA|VA) 8 $1,500,000 $187,500 $2,676 4.42%
    Vernon, TX (FHA|USDA|VA) 11 $1,015,000 $92,273 $3,628 3.76%
    ABILENE, TX (FHA|USDA|VA) 3 $715,000 $238,333 $4,531 4.00%
    Granbury, TX (FHA|USDA|VA) 3 $715,000 $238,333 $3,389 4.54%
    Big Spring, TX (FHA|USDA|VA) 3 $445,000 $148,333 $3,246 4.33%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $415,000 $415,000 $4,646 5.50%
    RAPID CITY, SD (FHA|USDA|VA) 1 $365,000 $365,000 $2,993 4.50%
    Corsicana, TX (FHA|USDA|VA) 1 $305,000 $305,000 $3,966 4.50%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,213 3.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $265,000 $265,000 $2,439 5.25%
    Brownwood, TX (FHA|USDA|VA) 3 $255,000 $85,000 $2,707 4.46%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,466 4.25%
    Traverse City, MI (FHA|USDA|VA) 1 $245,000 $245,000 $2,365 4.38%
    Mineral Wells, TX (FHA|USDA|VA) 1 $235,000 $235,000 $3,461 4.38%
    WACO, TX (FHA|USDA|VA) 1 $215,000 $215,000 $3,644 4.50%
    Ruidoso, NM (FHA|USDA|VA) 1 $195,000 $195,000 $1,952 6.25%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,380 5.25%
    LAWTON, OK (FHA|USDA|VA) 1 $165,000 $165,000 $3,007 5.25%
    TYLER, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.38%
    HOT SPRINGS, AR (FHA|USDA|VA) 1 $155,000 $155,000 $2,214 5.13%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $155,000 $155,000 $2,366 3.63%
    Spearfish, SD (FHA|USDA|VA) 1 $125,000 $125,000 $1,897 4.75%
    American National Bank & Trust's top markets include Wichita Falls, Dallas, Killeen, Lubbock, and Gainesville among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Colorado (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.

    TEXOMA COMMUNITY CREDIT UNION
    Similarity Rank: 65
    UNION SQUARE
    Similarity Rank: 336
    AAXY L.L.C.
    Similarity Rank: 480
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    Similarity Rank: 948
    CAPITAL PLUS FINANCIAL, LLC
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    Similarity Rank: 1140
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    Similarity Rank: 1204
    NEIGHBORHOOD
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 518 $107,090,000 $206,737 $2,822 4.20%
    FHA 84 $10,630,000 $126,548 $4,813 3.75%
    VA 79 $15,535,000 $196,646 $6,522 3.69%

    For 2019, American National Bank & Trust's most frequently originated type of loan was Conventional, with 518 originations. Their 2nd most popular type was FHA, with 84 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 479 $89,325,000 $186,482 $3,950 4.11%
    Cash Out Refi 86 $22,640,000 $263,256 $2,971 4.12%
    Refi 85 $18,795,000 $221,118 $2,389 3.77%
    Home Improvement 20 $1,330,000 $66,500 $1,785 4.75%
    Other 11 $1,165,000 $105,909 $2,856 4.11%

    For 2019, American National Bank & Trust's most frequently cited loan purpose was Home Purchase, with 479 originations. The 2nd most popular reason was Cash Out Refi, with 86 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 462 $89,550,000 $193,831 $3,941 3.99%
    15 Year 110 $17,240,000 $156,727 $2,861 3.61%
    Other 51 $9,875,000 $193,627 $2,209 5.26%
    10 Year 25 $2,725,000 $109,000 $2,028 4.44%
    20 Year 12 $1,760,000 $146,667 $2,653 4.16%
    5 Year 12 $9,450,000 $787,500 $1,329 5.15%
    1 Year 9 $2,655,000 $295,000 $3,668 5.33%

    For 2019, American National Bank & Trust's most frequently cited loan duration was 30 Year, with 462 originations. The 2nd most popular length was 15 Year, with 110 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 634 $117,910,000 $185,978
    $1k-2k 3 $845,000 $281,667

    American National Bank & Trust's average total fees were $3,941, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 634 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 367 $64,805,000 $176,580
    4-5% 214 $42,840,000 $200,187
    5-6% 82 $22,310,000 $272,073
    2.5-3% 14 $2,730,000 $195,000
    6-7% 2 $270,000 $135,000
    <2.5% 1 $215,000 $215,000

    During 2019, American National Bank & Trust's average interest rate for loans was 3.99%, while their most frequently originated rate bucket for loans was 3-4%, with 367 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 277 $41,375,000 $149,368 $3,681 3.99%
    $200k-400k 198 $53,560,000 $270,505 $4,055 4.02%
    $100,000 or less 169 $11,545,000 $68,314 $2,446 4.22%
    $400k-600k 29 $13,765,000 $474,655 $4,107 4.38%
    $600k-1MM 5 $3,555,000 $711,000 $5,312 5.05%
    $1MM+ 3 $9,455,000 $3,151,667 $0 5.33%

    2019 saw American National Bank & Trust place emphasis on $100k-200k loans with 277 originations, totaling $41,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 176 $35,940,000 $204,205 $3,500 4.14%
    $50k-75k 154 $21,830,000 $141,753 $4,208 3.92%
    $75k-100k 123 $20,035,000 $162,886 $3,428 4.06%
    $50k or less 94 $9,160,000 $97,447 $3,012 4.03%
    $150k-250k 83 $22,915,000 $276,084 $3,143 4.15%
    $250k+ 39 $12,265,000 $314,487 $3,553 4.16%

    American National Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 176 originations. The second most popular income band? $50k-75k, with 154 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 131 $21,325,000 $162,786 $3,586 4.07%
    20-30% 125 $22,655,000 $181,240 $3,302 3.92%
    <20% 47 $8,225,000 $175,000 $3,063 3.87%
    41% 37 $6,255,000 $169,054 $3,183 4.13%
    42% 32 $7,100,000 $221,875 $4,086 4.07%
    43% 32 $5,420,000 $169,375 $3,341 4.06%
    50-60% 28 $4,680,000 $167,143 $5,553 4.16%
    45% 26 $6,180,000 $237,692 $4,191 4.33%
    40% 25 $4,655,000 $186,200 $3,704 4.33%
    44% 25 $4,195,000 $167,800 $3,529 4.04%
    37% 23 $4,515,000 $196,304 $2,950 4.01%
    47% 22 $5,100,000 $231,818 $3,252 4.07%
    49% 21 $3,605,000 $171,667 $3,773 4.01%
    38% 20 $4,060,000 $203,000 $3,005 4.04%
    36% 20 $3,030,000 $151,500 $3,003 3.68%
    39% 18 $2,990,000 $166,111 $3,509 4.35%
    48% 17 $3,685,000 $216,765 $3,632 4.05%
    46% 15 $3,175,000 $211,667 $4,082 4.37%
    >60% 4 $1,210,000 $302,500 $3,406 5.16%

    American National Bank & Trust lent most frequently to those with DTI ratios of 30-36%, with 131 originations. The next most common DTI ratio? 20-30%, with 125 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 556 $102,250,000 $183,903 $3,478 4.08%
    Not provided 83 $15,325,000 $184,639 $3,872 3.97%
    Not applicable 12 $11,110,000 $925,833 $0 5.43%
    Asian 16 $2,480,000 $155,000 $3,190 3.85%
    Black 11 $1,655,000 $150,455 $4,141 4.02%
    American Indian 3 $435,000 $145,000 $6,052 3.75%

    Approval Rates

    Total approvals of all applications
    92.66%

    American National Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.51%

    American National Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 681 $133,255,000 $195,675

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $9,950,000 $2,487,500
    Single Family (1-4 Units):Site-Built 677 $123,305,000 $182,134

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $4,235,000 $146,034 $1,919 4.21%
    40-60% 50 $9,700,000 $194,000 $2,956 3.86%
    60-80% 197 $47,175,000 $239,467 $2,986 4.13%
    80-100% 352 $65,310,000 $185,540 $3,835 4.04%
    Over 100% 27 $5,265,000 $195,000 $8,667 3.76%
    Under 20% 26 $1,570,000 $60,385 $924 5.04%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    AMERICAN FINANCING CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    American National Bank & Trust 100 W Mulberry St Denton, TX 76201 Full Service B&M $5,975
    American National Bank & Trust 111 S. Center Archer City, TX 76351 Full Service B&M $15,507
    American National Bank & Trust 111 West Fourth Street Quanah, TX 79252 Full Service B&M $19,807
    American National Bank & Trust 1201 Cross Timbers Road Flower Mound, TX 75028 Full Service B&M $53,460
    American National Bank & Trust 1500 West 7th Street Fort Worth, TX 76102 Full Service B&M $38,480
    American National Bank & Trust 1920 Elmwood Ave N. Wichita Falls, TX 76308 Full Service B&M $18,175
    American National Bank & Trust 200 Avenue H Chillicothe, TX 79225 Full Service B&M $19,101
    American National Bank & Trust 219 West Park Iowa Park, TX 76367 Full Service B&M $17,690
    American National Bank & Trust 2732a Midwestern Parkway Wichita Falls, TX 76308 Full Service B&M $414,729
    American National Bank & Trust 719 Scott Ave Wichita Falls, TX 76301 Full Service B&M $64,792

    For 2019, American National Bank & Trust had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $35,694
    Net interest income $26,733
    Total noninterest income $13,276
    Gross Fiduciary activities income $5,314
    Service charges on deposit accounts $697
    Trading account gains and fees $0
    Additional Noninterest Income $7,265
    Pre-tax net operating income $12,170
    Securities gains (or losses, -) $152
    Income before extraordinary items $10,143
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,143
    Minority interest net income $0
    Net income $10,143
    Sale, conversion, retirement of capital stock, net $15,000
    Net operating income $10,018

    American National Bank & Trust's gross interest income from loans was $35,694,000.
    American National Bank & Trust's net interest income from loans was $26,733,000.
    American National Bank & Trust's fee based income from loans was $697,000.
    American National Bank & Trust's net income from loans was $10,143,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,961
    Provision for credit losses $1,200
    Total noninterest expense $26,639
    Salaries and employee benefits $16,944
    Premises and equipment expense $2,397
    Additional noninterest expense $7,298
    Applicable income taxes $2,179
    Net charge-offs $74
    Cash dividends $1,532

    American National Bank & Trust's interest expense for loans was $8,961,000.
    American National Bank & Trust's payroll and benefits expense were $16,944,000.
    American National Bank & Trust's property, plant and equipment expenses $2,397,000.

    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 4.0%
    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 $772,439
    Deposits held in domestic offices $772,439
    Deposits by Individuals, partnerships, and corporations $539,055
    Deposits by U.S. Government $7
    Deposits by States and political subdivisions in the U.S. $82,940
    Deposits by Commercial banks and other depository institutions in U.S. $150,437
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $59,245
    Demand deposits $30,159
    Nontransaction accounts $713,194
    Money market deposit accounts (MMDAs) $273,915
    Other savings deposits (excluding MMDAs) $310,753
    Total time deposits $128,526
    Total time and savings deposits $742,280
    Noninterest-bearing deposits $176,188
    Interest-bearing deposits $596,251
    Retail deposits $656,692
    IRAs and Keogh plan accounts $16,671
    Brokered deposits $86,039
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $885,101
    Cash & Balances due from depository institutions $77,993
    Interest-bearing balances $57,807
    Total securities $85,064
    Federal funds sold & reverse repurchase $0
    Net loans and leases $660,359
    Loan and leases loss allowance $6,723
    Trading account assets $0
    Bank premises and fixed assets $20,251
    Other real estate owned $1,064
    Goodwill and other intangibles $6,387
    All other assets $33,983

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $885,101
    Total Liabilities $782,294
    Total deposits $772,439
    Interest-bearing deposits $596,251
    Deposits held in domestic offices $772,439
    % insured (estimated) $55
    Federal funds purchased and repurchase agreements $790
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $9,065

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $660,359
    Loan and leases loss allowance $6,723
    Total loans and leases (domestic) $667,082
    All real estate loans $537,729
    Real estate loans in domestic offices $537,729
    Construction and development loans $98,389
    Residential 1-4 family construction $22,101
    Other construction, all land development and other land $76,288
    Loans secured by nonfarm nonresidential properties $314,020
    Nonfarm nonresidential secured by owner-occupied properties $68,281
    Commercial real estate & other non-farm, non-residential $245,739
    Multifamily residential real estate $28,706
    1-4 family residential loans $85,511
    Farmland loans $11,103
    Loans held in foreign offices $0
    Farm loans $1,411
    Commercial and industrial loans $39,005
    To non-U.S. addressees $0
    Loans to individuals $25,136
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $19,567
    Other loans to individuals $5,569
    All other loans & leases $63,801
    Loans to foreign governments and official institutions $0
    Other loans $43,654
    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 $31
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    American National Bank & Trust had $660,359,000 of loans outstanding in 2019. $537,729,000 of loans were in real estate loans. $98,389,000 of loans were in development loans. $28,706,000 of loans were in multifamily mortgage loans. $85,511,000 of loans were in 1-4 family mortgage loans. $1,411,000 of loans were in farm loans. $0 of loans were in credit card loans. $19,567,000 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 153 $42,701 $279,092
    Nonfarm, nonresidential loans - <$100k 20 $708 $35,400
    Nonfarm, nonresidential loans - $100-250k 40 $4,975 $124,375
    Nonfarm, nonresidential loans - $250k-1MM 93 $37,018 $398,043
    Commercial & Industrial, US addressed loans - <$1MM 534 $21,866 $40,948
    Commercial & Industrial, US addressed loans - <$100k 429 $6,051 $14,105
    Commercial & Industrial, US addressed loans - $100-250k 57 $4,859 $85,246
    Commercial & Industrial, US addressed loans - $250k-1MM 48 $10,956 $228,250
    Farmland loans - <$1MM 44 $8,265 $187,841
    Farmland loans - <$100k 10 $450 $45,000
    Farmland loans - $100-250k 20 $2,414 $120,700
    Farmland loans - $250k-1MM 14 $5,401 $385,786
    Agriculture operations loans - <$1MM 41 $1,411 $34,415
    Agriculture operations loans - <$100k 34 $584 $17,176
    Agriculture operations loans - $100-250k 7 $827 $118,143