American Bank & Trust Company Mortgage Rates, Fees & Info
Covington, LALEI: 549300O0BQZ8YGYRA730
Tax ID: 72-0593448
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Mortgage Data
Bank Data
Review & Overview
American Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. American Bank & Trust Company has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New Orleans, Hammond, and Baton Rouge among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)American Bank & Trust Company 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.
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Originations
184Origination Dollar Volume (All Markets)
$38,650,000Employee count
54Top 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 |
|---|---|---|---|---|---|
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 89 | $23,525,000 | $264,326 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 51 | $8,545,000 | $167,549 | $0 | 0.00% |
| Outside of Metro Areas | 43 | $6,335,000 | $147,326 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 177 | $37,625,000 | $212,571 | $0 | 0.00% |
| USDA | 6 | $790,000 | $131,667 | $0 | 0.00% |
| VA | 1 | $235,000 | $235,000 | $0 | 0.00% |
For 2018, American Bank & Trust Company's most frequently originated type of loan was Conventional, with 177 originations. Their 2nd most popular type was USDA, with 6 originations.
Loan Reason
For 2018, American Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 119 originations. The 2nd most popular reason was Refi, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 184 | $38,650,000 | $210,054 | $0 | 0.00% |
For 2018, American Bank & Trust Company's most frequently cited loan duration was Other, with 184 originations.
Loan Sizing
2018 saw American Bank & Trust Company place emphasis on $100k-200k loans with 63 originations, totaling $9,265,000 in origination value.
Applicant Income
American Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $50k-75k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 184 | $38,650,000 | $210,054 | $0 | 0.00% |
American Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 184 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.54%
American Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.22%
American Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 184 | $38,650,000 | $210,054 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN EXPRESS COMPANY | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| AMERICAN EXPRESS COMPANY | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 50.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| American Bank & Trust Company | 1625 Ringgold Avenue Coushatta, LA 71019 | Full Service B&M | $67,908 |
| American Bank & Trust Company | 1819 N. Columbia Street Covington, LA 70433 | Full Service B&M | $31,545 |
| American Bank & Trust Company | 2021 Carol Sue Ave Terrytown, LA 70056 | Full Service B&M | $15,934 |
| American Bank & Trust Company | 406 North Causeway Boulevard Mandeville, LA 70448 | Full Service B&M | $12,539 |
| American Bank & Trust Company | 506 S. W. Railroad Avenue Hammond, LA 70403 | Full Service B&M | $19,508 |
For 2018, American Bank & Trust Company had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $6,727 |
| Net interest income | $5,695 |
| Total noninterest income | $2,301 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $606 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,695 |
| Pre-tax net operating income | $863 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $692 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $692 |
| Minority interest net income | $0 |
| Net income | $692 |
| Sale, conversion, retirement of capital stock, net | $600 |
| Net operating income | $692 |
American Bank & Trust Company's gross interest income from loans was $6,727,000.
American Bank & Trust Company's net interest income from loans was $5,695,000.
American Bank & Trust Company's fee based income from loans was $606,000.
American Bank & Trust Company's net income from loans was $692,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,032 |
| Provision for credit losses | $285 |
| Total noninterest expense | $6,848 |
| Salaries and employee benefits | $4,095 |
| Premises and equipment expense | $653 |
| Additional noninterest expense | $2,100 |
| Applicable income taxes | $171 |
| Net charge-offs | $132 |
| Cash dividends | $0 |
American Bank & Trust Company's interest expense for loans was $1,032,000.
American Bank & Trust Company's payroll and benefits expense were $4,095,000.
American Bank & Trust Company's property, plant and equipment expenses $653,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 2.0% |
| Real Estate loans | 2.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 4.0% |
| 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 | $149,311 |
| Deposits held in domestic offices | $149,311 |
| Deposits by Individuals, partnerships, and corporations | $125,545 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $11,592 |
| Deposits by Commercial banks and other depository institutions in U.S. | $12,174 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $60,483 |
| Demand deposits | $45,152 |
| Nontransaction accounts | $88,828 |
| Money market deposit accounts (MMDAs) | $15,640 |
| Other savings deposits (excluding MMDAs) | $22,935 |
| Total time deposits | $50,254 |
| Total time and savings deposits | $104,159 |
| Noninterest-bearing deposits | $45,152 |
| Interest-bearing deposits | $104,159 |
| Retail deposits | $128,846 |
| IRAs and Keogh plan accounts | $4,525 |
| Brokered deposits | $12,174 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $164,745 |
| Cash & Balances due from depository institutions | $26,865 |
| Interest-bearing balances | $19,098 |
| Total securities | $6,463 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $121,340 |
| Loan and leases loss allowance | $766 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,318 |
| Other real estate owned | $408 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,351 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $164,746 |
| Total Liabilities | $149,979 |
| Total deposits | $149,311 |
| Interest-bearing deposits | $104,159 |
| Deposits held in domestic offices | $149,311 |
| % insured (estimated) | $82 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $668 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $121,340 |
| Loan and leases loss allowance | $766 |
| Total loans and leases (domestic) | $122,106 |
| All real estate loans | $111,439 |
| Real estate loans in domestic offices | $111,439 |
| Construction and development loans | $9,104 |
| Residential 1-4 family construction | $2,721 |
| Other construction, all land development and other land | $6,383 |
| Loans secured by nonfarm nonresidential properties | $45,874 |
| Nonfarm nonresidential secured by owner-occupied properties | $33,670 |
| Commercial real estate & other non-farm, non-residential | $12,204 |
| Multifamily residential real estate | $7,271 |
| 1-4 family residential loans | $45,226 |
| Farmland loans | $3,964 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $8,078 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,470 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $413 |
| Other loans to individuals | $2,057 |
| All other loans & leases | $119 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $119 |
| 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 | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
American Bank & Trust Company had $121,340,000 of loans outstanding in 2018. $111,439,000 of loans were in real estate loans. $9,104,000 of loans were in development loans. $7,271,000 of loans were in multifamily mortgage loans. $45,226,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $413,000 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 | 131 | $29,754 | $227,130 |
| Nonfarm, nonresidential loans - <$100k | 35 | $1,292 | $36,914 |
| Nonfarm, nonresidential loans - $100-250k | 42 | $6,096 | $145,143 |
| Nonfarm, nonresidential loans - $250k-1MM | 54 | $22,366 | $414,185 |
| Commercial & Industrial, US addressed loans - <$1MM | 119 | $6,757 | $56,782 |
| Commercial & Industrial, US addressed loans - <$100k | 94 | $2,199 | $23,394 |
| Commercial & Industrial, US addressed loans - $100-250k | 17 | $2,038 | $119,882 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 8 | $2,520 | $315,000 |
| Farmland loans - <$1MM | 40 | $3,218 | $80,450 |
| Farmland loans - <$100k | 28 | $728 | $26,000 |
| Farmland loans - $100-250k | 6 | $843 | $140,500 |
| Farmland loans - $250k-1MM | 6 | $1,647 | $274,500 |