American State Bank Mortgage Rates, Fees & Info
Arp, TXLEI: 549300VR7DBNPPSMHV60
Tax ID: 75-0118190
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Mortgage Data
Bank Data
Review & Overview
American State Bank is a smaller bank specializing in Home Purchase loans. American State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Tyler, Bremerton, Nacogdoches, Longview, and San Diego among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)American State Bank has an 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
88Origination Dollar Volume (All Markets)
$32,410,000Employee count
123Top 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 |
|---|---|---|---|---|---|
| TYLER, TX (FHA|USDA|VA) | 44 | $12,620,000 | $286,818 | $0 | 0.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $5,005,000 | $5,005,000 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $3,470,000 | $433,750 | $0 | 0.00% |
| Nacogdoches, TX (FHA|USDA|VA) | 9 | $1,675,000 | $186,111 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 5 | $1,675,000 | $335,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,515,000 | $1,515,000 | $0 | 0.00% |
| Lufkin, TX (FHA|USDA|VA) | 7 | $1,395,000 | $199,286 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $1,370,000 | $685,000 | $0 | 0.00% |
| Jacksonville, TX (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 88 | $32,410,000 | $368,295 | $0 | 0.00% |
For 2021, American State Bank's most frequently originated type of loan was Conventional, with 88 originations.
Loan Reason
For 2021, American State Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 88 | $32,410,000 | $368,295 | $0 | 0.00% |
For 2021, American State Bank's most frequently cited loan duration was Other, with 88 originations.
Loan Sizing
2021 saw American State Bank place emphasis on $100k-200k loans with 25 originations, totaling $3,565,000 in origination value.
Applicant Income
American State Bank lent most frequently to those with incomes in the $75k-100k range, with 12 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 88 | $32,410,000 | $368,295 | $0 | 0.00% |
American State Bank lent most frequently to those with DTI ratios of Exempt%, with 88 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.80%
American State Bank has a below average approval rate.
Pick Rate
Approvals leading to origination79.55%
American State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 88 | $32,410,000 | $368,295 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERIS BANCORP | Other type of mortgage | Closing on a mortgage | 1 | 2.0% |
| AMERIS BANCORP | Other type of mortgage | Trouble during payment process | 2 | 4.0% |
| AMERIS BANCORP | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 2.0% |
| AMERIS BANCORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 8.0% |
| AMERIS BANCORP | VA mortgage | Trouble during payment process | 4 | 8.0% |
| AMERIS BANCORP | FHA mortgage | Closing on a mortgage | 1 | 2.0% |
| AMERIS BANCORP | FHA mortgage | Struggling to pay mortgage | 2 | 4.0% |
| AMERIS BANCORP | VA mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 2.0% |
| AMERIS BANCORP | Other type of mortgage | Struggling to pay mortgage | 2 | 4.0% |
| AMERIS BANCORP | Conventional home mortgage | Trouble during payment process | 25 | 50.0% |
| AMERIS BANCORP | Conventional home mortgage | Struggling to pay mortgage | 2 | 4.0% |
| AMERIS BANCORP | FHA mortgage | Trouble during payment process | 5 | 10.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| American State Bank | 3001 South John Redditt Drive Lufkin, TX 75904 | Full Service B&M | $31,906 |
| American State Bank | 102 W Front Arp, TX 75750 | Full Service B&M | $132,513 |
| American State Bank | 1116 Troup Hwy Tyler, TX 75701 | Full Service B&M | $36,693 |
| American State Bank | 113 Cade St Chester, TX 75936 | Full Service B&M | $11,827 |
| American State Bank | 120 N. Preston Joaquin, TX 75954 | Full Service B&M | $33,267 |
| American State Bank | 12300 State Highway 64 East Tyler, TX 75707 | Full Service B&M | $42,762 |
| American State Bank | 13218 Highway 84 E Joaquin, TX 75954 | Limited, Drive-thru | $3,701 |
| American State Bank | 1601 Sout Chestnut Street Lufkin, TX 75901 | Full Service B&M | $1,523 |
| American State Bank | 163 Cass-Caid Center, TX 75935 | Full Service B&M | $12,307 |
| American State Bank | 2501 South Main Lindale, TX 75771 | Full Service B&M | $6,335 |
| American State Bank | 304 Highway 69 South Huntington, TX 75949 | Full Service B&M | $24,763 |
| American State Bank | 5202 Old Jacksonville Highway Tyler, TX 75703 | Full Service B&M | $83,687 |
| American State Bank | 830 N First St Timpson, TX 75975 | Full Service B&M | $9,723 |
| American State Bank | 907 East Southeast Loop 323 Tyler, TX 75701 | Full Service B&M | $9,116 |
For 2021, American State Bank had 14 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $23,739 |
| Net interest income | $22,516 |
| Total noninterest income | $2,959 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $919 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,040 |
| Pre-tax net operating income | $8,229 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $8,229 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,229 |
| Minority interest net income | $0 |
| Net income | $8,229 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $8,229 |
American State Bank's gross interest income from loans was $23,739,000.
American State Bank's net interest income from loans was $22,516,000.
American State Bank's fee based income from loans was $919,000.
American State Bank's net income from loans was $8,229,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,223 |
| Provision for credit losses | $879 |
| Total noninterest expense | $16,367 |
| Salaries and employee benefits | $9,542 |
| Premises and equipment expense | $1,485 |
| Additional noninterest expense | $5,340 |
| Applicable income taxes | $0 |
| Net charge-offs | $116 |
| Cash dividends | $6,005 |
American State Bank's interest expense for loans was $1,223,000.
American State Bank's payroll and benefits expense were $9,542,000.
American State Bank's property, plant and equipment expenses $1,485,000.
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 | 0.0% |
| 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 | 3.0% |
| Credit card loans | 0.0% |
| Other individual loans | 3.0% |
| Auto loans | 0.0% |
| Other consumer loans | 3.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $512,958 |
| Deposits held in domestic offices | $512,958 |
| Deposits by Individuals, partnerships, and corporations | $453,606 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $41,747 |
| Deposits by Commercial banks and other depository institutions in U.S. | $17,605 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $229,498 |
| Demand deposits | $176,822 |
| Nontransaction accounts | $283,460 |
| Money market deposit accounts (MMDAs) | $86,569 |
| Other savings deposits (excluding MMDAs) | $54,570 |
| Total time deposits | $142,321 |
| Total time and savings deposits | $336,136 |
| Noninterest-bearing deposits | $176,822 |
| Interest-bearing deposits | $336,136 |
| Retail deposits | $496,801 |
| IRAs and Keogh plan accounts | $5,441 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $598,770 |
| Cash & Balances due from depository institutions | $48,948 |
| Interest-bearing balances | $40,820 |
| Total securities | $20,546 |
| Federal funds sold & reverse repurchase | $240 |
| Net loans and leases | $471,744 |
| Loan and leases loss allowance | $4,026 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $25,961 |
| Other real estate owned | $6,598 |
| Goodwill and other intangibles | $8,155 |
| All other assets | $16,578 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $598,770 |
| Total Liabilities | $540,325 |
| Total deposits | $512,958 |
| Interest-bearing deposits | $336,136 |
| Deposits held in domestic offices | $512,958 |
| % insured (estimated) | $78 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $25,155 |
| Subordinated debt | $0 |
| All other liabilities | $2,212 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $471,744 |
| Loan and leases loss allowance | $4,026 |
| Total loans and leases (domestic) | $475,770 |
| All real estate loans | $377,527 |
| Real estate loans in domestic offices | $377,527 |
| Construction and development loans | $42,053 |
| Residential 1-4 family construction | $6,604 |
| Other construction, all land development and other land | $35,449 |
| Loans secured by nonfarm nonresidential properties | $217,270 |
| Nonfarm nonresidential secured by owner-occupied properties | $50,874 |
| Commercial real estate & other non-farm, non-residential | $166,396 |
| Multifamily residential real estate | $2,683 |
| 1-4 family residential loans | $94,048 |
| Farmland loans | $21,473 |
| Loans held in foreign offices | $0 |
| Farm loans | $669 |
| Commercial and industrial loans | $85,239 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $13,660 |
| Credit card loans | $332 |
| Related Plans | $525 |
| Consumer Auto Loans | $2,619 |
| Other loans to individuals | $10,184 |
| All other loans & leases | $142 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $100 |
| 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 | $1,960 |
| Non 1-4 family restructured loans & leases | $1,243 |
| Total loans and leases (foreign) | $0 |
American State Bank had $471,744,000 of loans outstanding in 2021. $377,527,000 of loans were in real estate loans. $42,053,000 of loans were in development loans. $2,683,000 of loans were in multifamily mortgage loans. $94,048,000 of loans were in 1-4 family mortgage loans. $669,000 of loans were in farm loans. $332,000 of loans were in credit card loans. $2,619,000 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 | 120 | $28,643 | $238,692 |
| Nonfarm, nonresidential loans - <$100k | 32 | $1,437 | $44,906 |
| Nonfarm, nonresidential loans - $100-250k | 27 | $3,204 | $118,667 |
| Nonfarm, nonresidential loans - $250k-1MM | 61 | $24,002 | $393,475 |
| Commercial & Industrial, US addressed loans - <$1MM | 419 | $30,423 | $72,609 |
| Commercial & Industrial, US addressed loans - <$100k | 283 | $7,533 | $26,618 |
| Commercial & Industrial, US addressed loans - $100-250k | 79 | $7,871 | $99,633 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 57 | $15,019 | $263,491 |
| Farmland loans - <$1MM | 37 | $3,376 | $91,243 |
| Farmland loans - <$100k | 17 | $561 | $33,000 |
| Farmland loans - $100-250k | 11 | $855 | $77,727 |
| Farmland loans - $250k-1MM | 9 | $1,960 | $217,778 |
| Agriculture operations loans - <$1MM | 26 | $487 | $18,731 |
| Agriculture operations loans - <$100k | 26 | $487 | $18,731 |