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, Baton Rouge, Lafayette, and Bogalusa among others. We have data for 8 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
180Origination Dollar Volume (All Markets)
$40,360,000Employee count
59Top 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) | 112 | $27,620,000 | $246,607 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 40 | $8,780,000 | $219,500 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 13 | $2,695,000 | $207,308 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $635,000 | $70,556 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 177 | $39,895,000 | $225,395 | $0 | 0.00% |
| USDA | 3 | $465,000 | $155,000 | $0 | 0.00% |
For 2019, American Bank & Trust Company's most frequently originated type of loan was Conventional, with 177 originations. Their 2nd most popular type was USDA, with 3 originations.
Loan Reason
For 2019, American Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 115 originations. The 2nd most popular reason was Refi, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 180 | $40,360,000 | $224,222 | $0 | 0.00% |
For 2019, American Bank & Trust Company's most frequently cited loan duration was Other, with 180 originations.
Loan Sizing
2019 saw American Bank & Trust Company place emphasis on $200k-400k loans with 73 originations, totaling $19,885,000 in origination value.
Applicant Income
American Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $75k-100k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 180 | $40,360,000 | $224,222 | $0 | 0.00% |
American Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 180 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.49%
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 origination91.67%
American Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 180 | $40,360,000 | $224,222 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN EXPRESS COMPANY | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |
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 | $69,519 |
| American Bank & Trust Company | 1819 N. Columbia Street Covington, LA 70433 | Full Service B&M | $32,959 |
| American Bank & Trust Company | 2021 Carol Sue Ave Terrytown, LA 70056 | Full Service B&M | $25,357 |
| American Bank & Trust Company | 406 North Causeway Boulevard Mandeville, LA 70448 | Full Service B&M | $11,127 |
| American Bank & Trust Company | 506 S. W. Railroad Avenue Hammond, LA 70403 | Full Service B&M | $21,838 |
For 2019, American Bank & Trust Company had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $8,522 |
| Net interest income | $7,106 |
| Total noninterest income | $1,704 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $562 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,142 |
| Pre-tax net operating income | $950 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $764 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $764 |
| Minority interest net income | $0 |
| Net income | $764 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $764 |
American Bank & Trust Company's gross interest income from loans was $8,522,000.
American Bank & Trust Company's net interest income from loans was $7,106,000.
American Bank & Trust Company's fee based income from loans was $562,000.
American Bank & Trust Company's net income from loans was $764,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,416 |
| Provision for credit losses | $178 |
| Total noninterest expense | $7,682 |
| Salaries and employee benefits | $4,520 |
| Premises and equipment expense | $698 |
| Additional noninterest expense | $2,464 |
| Applicable income taxes | $186 |
| Net charge-offs | $17 |
| Cash dividends | $0 |
American Bank & Trust Company's interest expense for loans was $1,416,000.
American Bank & Trust Company's payroll and benefits expense were $4,520,000.
American Bank & Trust Company's property, plant and equipment expenses $698,000.
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 | 1.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| 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 | $172,973 |
| Deposits held in domestic offices | $172,973 |
| Deposits by Individuals, partnerships, and corporations | $132,384 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $28,154 |
| Deposits by Commercial banks and other depository institutions in U.S. | $12,435 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $81,624 |
| Demand deposits | $48,471 |
| Nontransaction accounts | $91,349 |
| Money market deposit accounts (MMDAs) | $14,339 |
| Other savings deposits (excluding MMDAs) | $23,102 |
| Total time deposits | $53,909 |
| Total time and savings deposits | $124,502 |
| Noninterest-bearing deposits | $53,582 |
| Interest-bearing deposits | $119,391 |
| Retail deposits | $149,982 |
| IRAs and Keogh plan accounts | $4,992 |
| Brokered deposits | $12,435 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $189,318 |
| Cash & Balances due from depository institutions | $27,186 |
| Interest-bearing balances | $7,826 |
| Total securities | $1,883 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $149,639 |
| Loan and leases loss allowance | $927 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,414 |
| Other real estate owned | $408 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,788 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $189,318 |
| Total Liabilities | $173,828 |
| Total deposits | $172,973 |
| Interest-bearing deposits | $119,391 |
| Deposits held in domestic offices | $172,973 |
| % insured (estimated) | $74 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $855 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $149,639 |
| Loan and leases loss allowance | $927 |
| Total loans and leases (domestic) | $150,566 |
| All real estate loans | $137,961 |
| Real estate loans in domestic offices | $137,961 |
| Construction and development loans | $12,858 |
| Residential 1-4 family construction | $9,298 |
| Other construction, all land development and other land | $3,560 |
| Loans secured by nonfarm nonresidential properties | $58,426 |
| Nonfarm nonresidential secured by owner-occupied properties | $37,041 |
| Commercial real estate & other non-farm, non-residential | $21,385 |
| Multifamily residential real estate | $8,398 |
| 1-4 family residential loans | $55,051 |
| Farmland loans | $3,228 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $9,885 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,831 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $343 |
| Other loans to individuals | $2,488 |
| All other loans & leases | $83 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $83 |
| 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 $149,639,000 of loans outstanding in 2019. $137,961,000 of loans were in real estate loans. $12,858,000 of loans were in development loans. $8,398,000 of loans were in multifamily mortgage loans. $55,051,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $343,000 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 | 149 | $36,261 | $243,362 |
| Nonfarm, nonresidential loans - <$100k | 33 | $1,392 | $42,182 |
| Nonfarm, nonresidential loans - $100-250k | 48 | $7,476 | $155,750 |
| Nonfarm, nonresidential loans - $250k-1MM | 68 | $27,393 | $402,838 |
| Commercial & Industrial, US addressed loans - <$1MM | 118 | $8,105 | $68,686 |
| Commercial & Industrial, US addressed loans - <$100k | 88 | $2,166 | $24,614 |
| Commercial & Industrial, US addressed loans - $100-250k | 20 | $2,412 | $120,600 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 10 | $3,527 | $352,700 |
| Farmland loans - <$1MM | 31 | $3,227 | $104,097 |
| Farmland loans - <$100k | 19 | $502 | $26,421 |
| Farmland loans - $100-250k | 6 | $801 | $133,500 |
| Farmland loans - $250k-1MM | 6 | $1,924 | $320,667 |