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 Refi and Home Purchase 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 Gulfport among others. We have data for 14 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
297Origination Dollar Volume (All Markets)
$74,865,000Employee 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) | 149 | $43,305,000 | $290,638 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 98 | $19,900,000 | $203,061 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 23 | $5,095,000 | $221,522 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 7 | $1,325,000 | $189,286 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $810,000 | $202,500 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Brookhaven, MS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 296 | $74,690,000 | $252,331 | $0 | 0.00% |
| USDA | 1 | $175,000 | $175,000 | $0 | 0.00% |
For 2020, American Bank & Trust Company's most frequently originated type of loan was Conventional, with 296 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2020, American Bank & Trust Company's most frequently cited loan purpose was Refi, with 161 originations. The 2nd most popular reason was Home Purchase, with 90 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 297 | $74,865,000 | $252,071 | $0 | 0.00% |
For 2020, American Bank & Trust Company's most frequently cited loan duration was Other, with 297 originations.
Loan Sizing
2020 saw American Bank & Trust Company place emphasis on $200k-400k loans with 142 originations, totaling $40,460,000 in origination value.
Applicant Income
American Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 66 originations. The second most popular income band? $75k-100k, with 52 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 297 | $74,865,000 | $252,071 | $0 | 0.00% |
American Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 297 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.87%
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 origination91.92%
American Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 297 | $74,865,000 | $252,071 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 11 | $6,615,000 | $601,364 |
| Single Family (1-4 Units):Site-Built | 286 | $68,250,000 | $238,636 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN EXPRESS COMPANY | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| AMERICAN EXPRESS COMPANY | Conventional home mortgage | Closing on a mortgage | 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 | $86,016 |
| American Bank & Trust Company | 1819 N. Columbia Street Covington, LA 70433 | Full Service B&M | $39,864 |
| American Bank & Trust Company | 2021 Carol Sue Ave Terrytown, LA 70056 | Full Service B&M | $31,845 |
| American Bank & Trust Company | 406 North Causeway Boulevard Mandeville, LA 70448 | Full Service B&M | $10,640 |
| American Bank & Trust Company | 506 S. W. Railroad Avenue Hammond, LA 70403 | Full Service B&M | $24,419 |
For 2020, American Bank & Trust Company had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $9,392 |
| Net interest income | $8,202 |
| Total noninterest income | $3,408 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $415 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,993 |
| Pre-tax net operating income | $1,128 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $910 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $910 |
| Minority interest net income | $0 |
| Net income | $910 |
| Sale, conversion, retirement of capital stock, net | $1,000 |
| Net operating income | $910 |
American Bank & Trust Company's gross interest income from loans was $9,392,000.
American Bank & Trust Company's net interest income from loans was $8,202,000.
American Bank & Trust Company's fee based income from loans was $415,000.
American Bank & Trust Company's net income from loans was $910,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,190 |
| Provision for credit losses | $921 |
| Total noninterest expense | $9,561 |
| Salaries and employee benefits | $5,839 |
| Premises and equipment expense | $839 |
| Additional noninterest expense | $2,883 |
| Applicable income taxes | $218 |
| Net charge-offs | $233 |
| Cash dividends | $0 |
American Bank & Trust Company's interest expense for loans was $1,190,000.
American Bank & Trust Company's payroll and benefits expense were $5,839,000.
American Bank & Trust Company's property, plant and equipment expenses $839,000.
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 | $172,412 |
| Deposits held in domestic offices | $172,412 |
| Deposits by Individuals, partnerships, and corporations | $149,019 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $10,173 |
| Deposits by Commercial banks and other depository institutions in U.S. | $13,219 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $77,454 |
| Demand deposits | $64,468 |
| Nontransaction accounts | $94,957 |
| Money market deposit accounts (MMDAs) | $19,569 |
| Other savings deposits (excluding MMDAs) | $24,047 |
| Total time deposits | $51,341 |
| Total time and savings deposits | $107,943 |
| Noninterest-bearing deposits | $64,468 |
| Interest-bearing deposits | $107,944 |
| Retail deposits | $148,022 |
| IRAs and Keogh plan accounts | $5,235 |
| Brokered deposits | $13,219 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $192,550 |
| Cash & Balances due from depository institutions | $17,061 |
| Interest-bearing balances | $2,764 |
| Total securities | $130 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $164,011 |
| Loan and leases loss allowance | $1,615 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,911 |
| Other real estate owned | $143 |
| Goodwill and other intangibles | $0 |
| All other assets | $5,294 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $192,550 |
| Total Liabilities | $175,170 |
| Total deposits | $172,412 |
| Interest-bearing deposits | $107,944 |
| Deposits held in domestic offices | $172,412 |
| % insured (estimated) | $83 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $2,758 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $164,011 |
| Loan and leases loss allowance | $1,615 |
| Total loans and leases (domestic) | $165,626 |
| All real estate loans | $145,232 |
| Real estate loans in domestic offices | $145,232 |
| Construction and development loans | $13,120 |
| Residential 1-4 family construction | $7,194 |
| Other construction, all land development and other land | $5,926 |
| Loans secured by nonfarm nonresidential properties | $60,338 |
| Nonfarm nonresidential secured by owner-occupied properties | $32,591 |
| Commercial real estate & other non-farm, non-residential | $27,747 |
| Multifamily residential real estate | $10,364 |
| 1-4 family residential loans | $59,116 |
| Farmland loans | $2,294 |
| Loans held in foreign offices | $0 |
| Farm loans | $8 |
| Commercial and industrial loans | $17,819 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,859 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $285 |
| Other loans to individuals | $2,574 |
| All other loans & leases | $97 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $97 |
| 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 $164,011,000 of loans outstanding in 2020. $145,232,000 of loans were in real estate loans. $13,120,000 of loans were in development loans. $10,364,000 of loans were in multifamily mortgage loans. $59,116,000 of loans were in 1-4 family mortgage loans. $8,000 of loans were in farm loans. $0 of loans were in credit card loans. $285,000 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 | 164 | $40,505 | $246,982 |
| Nonfarm, nonresidential loans - <$100k | 27 | $1,195 | $44,259 |
| Nonfarm, nonresidential loans - $100-250k | 58 | $8,881 | $153,121 |
| Nonfarm, nonresidential loans - $250k-1MM | 79 | $30,429 | $385,177 |
| Commercial & Industrial, US addressed loans - <$1MM | 331 | $17,819 | $53,834 |
| Commercial & Industrial, US addressed loans - <$100k | 283 | $6,747 | $23,841 |
| Commercial & Industrial, US addressed loans - $100-250k | 33 | $4,394 | $133,152 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 15 | $6,678 | $445,200 |
| Farmland loans - <$1MM | 27 | $2,294 | $84,963 |
| Farmland loans - <$100k | 17 | $490 | $28,824 |
| Farmland loans - $100-250k | 5 | $594 | $118,800 |
| Farmland loans - $250k-1MM | 5 | $1,210 | $242,000 |
| Agriculture operations loans - <$1MM | 1 | $8 | $8,000 |
| Agriculture operations loans - <$100k | 1 | $8 | $8,000 |