American Bank & Trust Company Mortgage Rates, Fees & Info

Covington, LA

LEI: 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

184

Origination Dollar Volume (All Markets)

$38,650,000

Employee count

54

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
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%
American Bank & Trust Company's top markets include New Orleans, Hammond, and Baton Rouge among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 119 $24,305,000 $204,244 $0 0.00%
    Refi 38 $9,530,000 $250,789 $0 0.00%
    Cash Out Refi 21 $4,245,000 $202,143 $0 0.00%
    Home Improvement 4 $430,000 $107,500 $0 0.00%
    Other 2 $140,000 $70,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 63 $9,265,000 $147,063 $0 0.00%
    $200k-400k 56 $15,310,000 $273,393 $0 0.00%
    $100,000 or less 47 $2,885,000 $61,383 $0 0.00%
    $400k-600k 11 $5,265,000 $478,636 $0 0.00%
    $600k-1MM 7 $5,925,000 $846,429 $0 0.00%

    2018 saw American Bank & Trust Company place emphasis on $100k-200k loans with 63 originations, totaling $9,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $5,285,000 $211,400 $0 0.00%
    $50k-75k 23 $3,325,000 $144,565 $0 0.00%
    $50k or less 23 $2,345,000 $101,957 $0 0.00%
    $75k-100k 16 $2,910,000 $181,875 $0 0.00%
    $150k-250k 13 $3,465,000 $266,538 $0 0.00%
    $250k+ 6 $2,520,000 $420,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 78 $18,800,000 $241,026 $0 0.00%
    White 91 $15,185,000 $166,868 $0 0.00%
    Asian 10 $3,900,000 $390,000 $0 0.00%
    Black 3 $515,000 $171,667 $0 0.00%
    Not provided 2 $250,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.54%

    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 origination
    90.22%

    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

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $285,000 $285,000
    Multifamily:Site-Built 12 $5,930,000 $494,167
    Single Family (1-4 Units):Manufactured 9 $395,000 $43,889
    Single Family (1-4 Units):Site-Built 162 $32,040,000 $197,778

    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