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, Refi, and Cash Out 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, Chattanooga, and Houma among others. We have data for 11 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 a below average pick rate when compared to similar lenders.
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Originations
161Origination Dollar Volume (All Markets)
$38,785,000Employee count
57Top 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) | 76 | $20,580,000 | $270,789 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 57 | $12,605,000 | $221,140 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 14 | $3,230,000 | $230,714 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| McComb, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 154 | $37,430,000 | $243,052 | $0 | 0.00% |
| USDA | 7 | $1,355,000 | $193,571 | $0 | 0.00% |
For 2021, American Bank & Trust Company's most frequently originated type of loan was Conventional, with 154 originations. Their 2nd most popular type was USDA, with 7 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 69 | $18,425,000 | $267,029 | $0 | 0.00% |
| Refi | 55 | $12,585,000 | $228,818 | $0 | 0.00% |
| Cash Out Refi | 37 | $7,775,000 | $210,135 | $0 | 0.00% |
For 2021, American Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Refi, with 55 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 161 | $38,785,000 | $240,901 | $0 | 0.00% |
For 2021, American Bank & Trust Company's most frequently cited loan duration was Other, with 161 originations.
Loan Sizing
2021 saw American Bank & Trust Company place emphasis on $200k-400k loans with 64 originations, totaling $16,790,000 in origination value.
Applicant Income
American Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $50k-75k, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 161 | $38,785,000 | $240,901 | $0 | 0.00% |
American Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 161 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.93%
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 origination82.61%
American Bank & Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 161 | $38,785,000 | $240,901 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| American Mortgage Service Company | FHA mortgage | Closing on a mortgage | 2 | 66.7% |
| American Mortgage Service Company | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
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 | $76,537 |
| American Bank & Trust Company | 1819 N. Columbia Street Covington, LA 70433 | Full Service B&M | $37,975 |
| American Bank & Trust Company | 2021 Carol Sue Ave Terrytown, LA 70056 | Full Service B&M | $37,472 |
| American Bank & Trust Company | 406 North Causeway Boulevard Mandeville, LA 70448 | Full Service B&M | $12,113 |
| American Bank & Trust Company | 506 S. W. Railroad Avenue Hammond, LA 70403 | Full Service B&M | $25,833 |
For 2021, American Bank & Trust Company had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $9,858 |
| Net interest income | $9,201 |
| Total noninterest income | $2,093 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $417 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,676 |
| Pre-tax net operating income | $2,138 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $1,736 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,736 |
| Minority interest net income | $0 |
| Net income | $1,736 |
| Sale, conversion, retirement of capital stock, net | $2,025 |
| Net operating income | $1,736 |
American Bank & Trust Company's gross interest income from loans was $9,858,000.
American Bank & Trust Company's net interest income from loans was $9,201,000.
American Bank & Trust Company's fee based income from loans was $417,000.
American Bank & Trust Company's net income from loans was $1,736,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $657 |
| Provision for credit losses | $920 |
| Total noninterest expense | $8,236 |
| Salaries and employee benefits | $4,832 |
| Premises and equipment expense | $934 |
| Additional noninterest expense | $2,470 |
| Applicable income taxes | $402 |
| Net charge-offs | $-13 |
| Cash dividends | $0 |
American Bank & Trust Company's interest expense for loans was $657,000.
American Bank & Trust Company's payroll and benefits expense were $4,832,000.
American Bank & Trust Company's property, plant and equipment expenses $934,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 1.0% |
| 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 | $202,054 |
| Deposits held in domestic offices | $202,054 |
| Deposits by Individuals, partnerships, and corporations | $179,274 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $11,668 |
| Deposits by Commercial banks and other depository institutions in U.S. | $11,112 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $113,325 |
| Demand deposits | $91,381 |
| Nontransaction accounts | $88,729 |
| Money market deposit accounts (MMDAs) | $20,144 |
| Other savings deposits (excluding MMDAs) | $26,324 |
| Total time deposits | $42,261 |
| Total time and savings deposits | $110,673 |
| Noninterest-bearing deposits | $92,853 |
| Interest-bearing deposits | $109,201 |
| Retail deposits | $184,079 |
| IRAs and Keogh plan accounts | $4,718 |
| Brokered deposits | $11,112 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $225,708 |
| Cash & Balances due from depository institutions | $59,233 |
| Interest-bearing balances | $49,827 |
| Total securities | $130 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $155,562 |
| Loan and leases loss allowance | $2,547 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,587 |
| Other real estate owned | $32 |
| Goodwill and other intangibles | $0 |
| All other assets | $5,164 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $225,708 |
| Total Liabilities | $204,568 |
| Total deposits | $202,054 |
| Interest-bearing deposits | $109,201 |
| Deposits held in domestic offices | $202,054 |
| % insured (estimated) | $77 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $2,514 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $155,562 |
| Loan and leases loss allowance | $2,547 |
| Total loans and leases (domestic) | $158,109 |
| All real estate loans | $146,348 |
| Real estate loans in domestic offices | $146,348 |
| Construction and development loans | $16,168 |
| Residential 1-4 family construction | $8,360 |
| Other construction, all land development and other land | $7,808 |
| Loans secured by nonfarm nonresidential properties | $66,414 |
| Nonfarm nonresidential secured by owner-occupied properties | $39,883 |
| Commercial real estate & other non-farm, non-residential | $26,531 |
| Multifamily residential real estate | $11,698 |
| 1-4 family residential loans | $50,336 |
| Farmland loans | $1,732 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $9,578 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,453 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $162 |
| Other loans to individuals | $2,291 |
| All other loans & leases | $29 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $29 |
| 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 | $45 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
American Bank & Trust Company had $155,562,000 of loans outstanding in 2021. $146,348,000 of loans were in real estate loans. $16,168,000 of loans were in development loans. $11,698,000 of loans were in multifamily mortgage loans. $50,336,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $162,000 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 | 166 | $42,845 | $258,102 |
| Nonfarm, nonresidential loans - <$100k | 20 | $1,060 | $53,000 |
| Nonfarm, nonresidential loans - $100-250k | 58 | $7,957 | $137,190 |
| Nonfarm, nonresidential loans - $250k-1MM | 88 | $33,828 | $384,409 |
| Commercial & Industrial, US addressed loans - <$1MM | 153 | $8,511 | $55,627 |
| Commercial & Industrial, US addressed loans - <$100k | 132 | $2,828 | $21,424 |
| Commercial & Industrial, US addressed loans - $100-250k | 10 | $1,070 | $107,000 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 11 | $4,613 | $419,364 |
| Farmland loans - <$1MM | 22 | $1,732 | $78,727 |
| Farmland loans - <$100k | 13 | $362 | $27,846 |
| Farmland loans - $100-250k | 5 | $555 | $111,000 |
| Farmland loans - $250k-1MM | 4 | $815 | $203,750 |