American Bank & Trust Company Mortgage Rates, Fees & Info
Covington, LALEI: 549300O0BQZ8YGYRA730
Tax ID: 72-0593448
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
American Bank & Trust Company is a smaller bank specializing in Home Purchase loans. American Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Hammond, Baton Rouge, Lafayette, and Gulfport 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
105Origination Dollar Volume (All Markets)
$36,965,000Top 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) | 49 | $24,915,000 | $508,469 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 34 | $6,880,000 | $202,353 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 14 | $3,640,000 | $260,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Vicksburg, MS (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $195,000 | $65,000 | $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 | 105 | $36,965,000 | $352,048 | $0 | 0.00% |
For 2022, American Bank & Trust Company's most frequently originated type of loan was Conventional, with 105 originations.
Loan Reason
For 2022, American Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 105 | $36,965,000 | $352,048 | $0 | 0.00% |
For 2022, American Bank & Trust Company's most frequently cited loan duration was Other, with 105 originations.
Loan Sizing
2022 saw American Bank & Trust Company place emphasis on $200k-400k loans with 37 originations, totaling $10,975,000 in origination value.
Applicant Income
American Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k-75k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 105 | $36,965,000 | $352,048 | $0 | 0.00% |
American Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 105 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.25%
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 origination93.33%
American Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 105 | $36,965,000 | $352,048 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERIS BANCORP | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |