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, 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 by origination volume include: Wichita Falls, Dallas, Oklahoma City, Kingsville, and Lubbock among others. We have data for 32 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 a below 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.43% 4/21/24
    30 Year Conventional Refi 6.40% 4/21/24
    30 Year Cash-out Refi 6.46% 4/21/24
    30 Year FHA Purchase 6.93% 4/21/24
    30 Year VA Purchase 5.96% 4/21/24
    15 Year Conventional Purchase 5.81% 4/21/24
    15 Year Conventional Refi 5.91% 4/21/24
    15 Year Cash-out Refi 5.91% 4/21/24
    15 Year FHA Purchase 7.36% 4/21/24
    15 Year VA Purchase 5.90% 4/21/24
    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

    788

    Origination Dollar Volume (All Markets)

    $196,000,000

    Employee count

    247 Show all (10) 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) 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.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (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: 76
    First Central Credit Union
    Similarity Rank: 153
    AAXY L.L.C.
    Similarity Rank: 540
    Extraco Banks
    Similarity Rank: 704
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    Similarity Rank: 735
    U S WIDE FINANCIAL LLC
    Similarity Rank: 924
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1200
    Credence Funding Corporation
    Similarity Rank: 1313
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1408
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1950

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, American National Bank & Trust's most frequently originated type of loan was Conventional, with 681 originations. Their 2nd most popular type was VA, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, American National Bank & Trust's most frequently cited loan purpose was Home Purchase, with 408 originations. The 2nd most popular reason was 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 2021, American National Bank & Trust's most frequently cited loan duration was 30 Year, with 476 originations. The 2nd most popular length was 15 Year, with 160 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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

    American National Bank & Trust's average total fees were $4,051, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.90%, while their most frequently originated rate bucket for loans was 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 or Islander 2 $200,000 $100,000 $0 2.81%

    Approval Rates

    Total approvals of all applications
    92.44%

    American National Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.66%

    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 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 200 Avenue H Chillicothe, TX 79225 Full Service B&M $22,384
    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