First American Bank And Trust Company Mortgage Rates, Fees & Info

Athens, GA

LEI: 549300WHACUOETOKO184

Tax ID: 58-0550806

5 stars - out of 5 stars, based on 26 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First American Bank And Trust Company is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. First American Bank And Trust Company has a high proportion of conventional loans. Their top markets include Athens, Atlanta, Jefferson, Gainesville, and Durham among others. First American Bank And Trust Company has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. First American Bank And Trust Company is typically an average fee lendor.


Originations

686

Origination Dollar Volume (All Markets)

$197,330,000

Employee count

97 Show all (8) awards

Relative Rate

First American Bank And Trust Company's average 30 year fixed rate mortgage of loans were 2.87%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.28%.

Relative Fees

First American Bank And Trust Company's average total fees for a 30 year fixed rate mortgage are $3,586.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 478 $138,640,000 $290,042 $3,335 2.99%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 91 $26,185,000 $287,747 $3,291 3.04%
Outside of Metro Areas 49 $13,445,000 $274,388 $3,317 3.14%
Jefferson, GA (FHA|USDA|VA) 32 $6,640,000 $207,500 $2,717 3.31%
GAINESVILLE, GA (FHA|USDA|VA) 6 $1,780,000 $296,667 $3,111 2.79%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $1,260,000 $630,000 $9,055 3.13%
Cornelia, GA (FHA|USDA|VA) 2 $1,230,000 $615,000 $0 3.35%
Statesboro, GA (FHA|USDA|VA) 2 $810,000 $405,000 $4,139 2.75%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $770,000 $385,000 $3,500 3.06%
Brevard, NC (FHA|USDA|VA) 2 $760,000 $380,000 $6,289 2.94%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $710,000 $355,000 $4,703 2.44%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $555,000 $555,000 $0 3.25%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $545,000 $545,000 $4,877 2.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $515,000 $515,000 $4,358 2.50%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $510,000 $255,000 $2,836 2.50%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $425,000 $425,000 $3,449 2.88%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $410,000 $205,000 $3,230 3.38%
Toccoa, GA (FHA|USDA|VA) 2 $380,000 $190,000 $2,851 2.44%
BRUNSWICK, GA (FHA|USDA|VA) 1 $305,000 $305,000 $2,858 2.50%
ROME, GA (FHA|USDA|VA) 1 $265,000 $265,000 $3,023 2.99%
COLUMBIA, SC (FHA|USDA|VA) 1 $255,000 $255,000 $3,042 2.99%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,388 3.13%
Milledgeville, GA (FHA|USDA|VA) 1 $235,000 $235,000 $3,744 1.88%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,545 2.38%
Cullowhee, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,383 2.50%
Moultrie, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%

First American Bank And Trust Company's top markets include Athens, Atlanta, Jefferson, Gainesville, and Durham among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 686 $197,330,000 $287,653 $3,338 3.01%

For the 2021 period, First American Bank And Trust Company's most frequently originated loan type of loans were Conventional, with 686 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 291 $76,555,000 $263,076 $2,844 3.05%
Home Purchase 227 $74,575,000 $328,524 $4,149 3.16%
Cash Out Refi 164 $45,120,000 $275,122 $3,120 2.74%
Home Improvement 3 $675,000 $225,000 $0 3.78%
Other 1 $405,000 $405,000 $0 4.00%

For the 2021, First American Bank And Trust Company's most frequently cited loan purpose of loans were Refi, with 291 originations. The 2nd most popular reason of loans were Home Purchase, with 227 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 397 $126,015,000 $317,418 $3,586 2.87%
15 Year 121 $30,305,000 $250,455 $2,908 2.29%
Other 67 $17,365,000 $259,179 $1,194 4.03%
5 Year 53 $10,275,000 $193,868 $0 4.21%
10 Year 20 $6,210,000 $310,500 $2,767 2.96%
1 Year 15 $3,895,000 $259,667 $8,603 4.12%
20 Year 12 $3,240,000 $270,000 $3,125 2.63%
3 Year 1 $25,000 $25,000 $0 4.75%

For the 2021, First American Bank And Trust Company's most frequently cited loan length of loans were 30 Year, with 397 originations. The 2nd most popular length of loans were 15 Year, with 121 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 407 $116,015,000 $285,049
$1k-2k 116 $31,410,000 $270,776
$2k-3k 26 $9,460,000 $363,846
$3k-4k 13 $4,805,000 $369,615
$5k+ 7 $5,035,000 $719,286

$3,586 of loans were First American Bank And Trust Company's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 407 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 255 $79,475,000 $311,667
<2.5% 207 $55,705,000 $269,106
3-4% 166 $54,440,000 $327,952
4-5% 52 $7,490,000 $144,038
5-6% 4 $180,000 $45,000
6-7% 2 $40,000 $20,000

During 2021, First American Bank And Trust Company's average interest rate of loans were 2.87%, while their most frequently originated rate bucket of loans were 2.5-3%, with 255 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 294 $82,460,000 $280,476 $3,213 2.88%
$100k-200k 177 $26,055,000 $147,203 $2,658 3.01%
$400k-600k 136 $65,430,000 $481,103 $4,215 2.83%
$100,000 or less 57 $3,205,000 $56,228 $1,682 3.97%
$600k-1MM 19 $14,065,000 $740,263 $7,884 3.42%
$1MM+ 3 $6,115,000 $2,038,333 $0 3.90%

2021 saw First American Bank And Trust Company place emphasis on $200k-400k loans with 294 originations, totaling $82,460,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 144 $41,760,000 $290,000 $3,299 2.78%
$150k-250k 128 $44,680,000 $349,063 $3,671 2.84%
$50k-75k 101 $20,455,000 $202,525 $3,032 2.94%
$250k+ 90 $41,530,000 $461,444 $4,327 3.05%
$75k-100k 83 $20,425,000 $246,084 $2,955 2.75%
$50k or less 66 $9,910,000 $150,152 $2,547 3.13%

First American Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 144 originations. The second most popular income band? $150k-250k, with 128 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 194 $52,970,000 $273,041 $3,100 2.80%
30-36% 114 $33,840,000 $296,842 $3,351 2.84%
<20% 110 $36,210,000 $329,182 $3,412 2.75%
44% 20 $5,650,000 $282,500 $3,599 2.92%
40% 19 $4,105,000 $216,053 $3,676 2.76%
43% 19 $5,675,000 $298,684 $3,089 3.22%
38% 18 $4,740,000 $263,333 $3,435 2.94%
41% 16 $4,850,000 $303,125 $3,745 2.76%
42% 15 $4,645,000 $309,667 $3,606 2.95%
39% 13 $3,965,000 $305,000 $3,512 3.03%
37% 13 $4,235,000 $325,769 $4,244 2.81%
36% 8 $2,630,000 $328,750 $2,973 2.94%
49% 8 $2,660,000 $332,500 $3,399 2.83%
45% 8 $1,840,000 $230,000 $2,553 3.53%
47% 4 $1,920,000 $480,000 $5,578 2.91%
46% 4 $1,500,000 $375,000 $3,891 3.12%
48% 4 $1,080,000 $270,000 $3,798 3.03%
50-60% 4 $1,160,000 $290,000 $2,481 2.72%
>60% 1 $685,000 $685,000 $4,037 3.75%

First American Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 194 originations. The next most common DTI ratio? 30-36%, with 114 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 469 $136,005,000 $289,989 $3,350 2.88%
Not provided 120 $38,420,000 $320,167 $3,401 2.83%
Not applicable 69 $17,485,000 $253,406 $0 4.05%
Asian 10 $2,820,000 $282,000 $3,125 2.87%
Black 13 $1,605,000 $123,462 $2,336 3.78%
American Indian 3 $615,000 $205,000 $5,273 4.17%
Other Asian 2 $380,000 $190,000 $2,758 2.88%

Approval Rates

Total approvals of all applications
98.05%

First American Bank And 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 origination
92.42%

First American Bank And Trust Company has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 686 $197,330,000 $287,653

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
686 $197,330,000 $287,653

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 61 $10,815,000 $177,295 $2,452 3.47%
40-60% 158 $43,450,000 $275,000 $2,866 2.78%
60-80% 300 $87,850,000 $292,833 $3,175 2.97%
80-100% 149 $53,255,000 $357,416 $4,410 3.06%
Over 100% 1 $195,000 $195,000 $0 4.10%
Under 20% 17 $1,765,000 $103,824 $1,319 3.80%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST UNITED BANK AND TRUST COMPANY Conventional home mortgage Closing on a mortgage 1 100.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First American Bank and Trust Company 1681 Experiment Station Road Watkinsville, GA 30677 Full Service B&M $42,815
First American Bank and Trust Company 2241 West Broad Street Athens, GA 30606 Full Service B&M $82,502
First American Bank and Trust Company 235 Crogan Street Lawrenceville, GA 30046 Full Service B&M $53,691
First American Bank and Trust Company 300 College Avenue Athens, GA 30601 Full Service B&M $281,200
First American Bank and Trust Company 550 Highway 441 South Clayton, GA 30525 Full Service B&M $48,398
First American Bank and Trust Company 65 East May Street Winder, GA 30680 Full Service B&M $106,902
First American Bank and Trust Company 825 Hull Road Athens, GA 30601 Full Service B&M $84,587

For 2021, First American Bank And Trust Company had 7 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $21,093
Net interest income $20,180
Total noninterest income $8,495
Gross Fiduciary activities income $1,414
Service charges on deposit accounts $800
Trading account gains and fees $0
Additional Noninterest Income $6,281
Pre-tax net operating income $10,025
Securities gains (or losses, -) $-15
Income before extraordinary items $7,840
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $7,840
Minority interest net income $0
Net income $7,840
Sale, conversion, retirement of capital stock, net $0
Net operating income $7,851

First American Bank And Trust Company's gross interest income from loans was $21,093,000.
First American Bank And Trust Company's net interest income from loans was $20,180,000.
First American Bank And Trust Company's fee based income from loans was $800,000.
First American Bank And Trust Company's net income from loans was $7,840,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $913
Provision for credit losses $240
Total noninterest expense $18,410
Salaries and employee benefits $12,054
Premises and equipment expense $2,893
Additional noninterest expense $3,463
Applicable income taxes $2,170
Net charge-offs $-116
Cash dividends $983

First American Bank And Trust Company's interest expense for loans was $913,000.
First American Bank And Trust Company's payroll and benefits expense were $12,054,000.
First American Bank And Trust Company's property, plant and equipment expenses $2,893,000.

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 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 $765,549
Deposits held in domestic offices $765,549
Deposits by Individuals, partnerships, and corporations $711,509
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $54,040
Deposits by Commercial banks and other depository institutions in U.S. $0
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $532,855
Demand deposits $236,816
Nontransaction accounts $232,694
Money market deposit accounts (MMDAs) $150,948
Other savings deposits (excluding MMDAs) $30,928
Total time deposits $50,818
Total time and savings deposits $528,733
Noninterest-bearing deposits $236,816
Interest-bearing deposits $528,733
Retail deposits $756,086
IRAs and Keogh plan accounts $14,622
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $867,160
Cash & Balances due from depository institutions $324,809
Interest-bearing balances $319,930
Total securities $88,450
Federal funds sold & reverse repurchase $0
Net loans and leases $423,581
Loan and leases loss allowance $7,972
Trading account assets $0
Bank premises and fixed assets $9,278
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $21,042

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $867,160
Total Liabilities $792,201
Total deposits $765,549
Interest-bearing deposits $528,733
Deposits held in domestic offices $765,549
% insured (estimated) $69
Federal funds purchased and repurchase agreements $24,115
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $2,537

Issued Loan Types

Type Value (in 000's)
Net loans and leases $423,581
Loan and leases loss allowance $7,972
Total loans and leases (domestic) $431,553
All real estate loans $412,769
Real estate loans in domestic offices $412,769
Construction and development loans $69,422
Residential 1-4 family construction $23,503
Other construction, all land development and other land $45,919
Loans secured by nonfarm nonresidential properties $197,685
Nonfarm nonresidential secured by owner-occupied properties $77,534
Commercial real estate & other non-farm, non-residential $120,151
Multifamily residential real estate $15,510
1-4 family residential loans $124,315
Farmland loans $5,837
Loans held in foreign offices $0
Farm loans $462
Commercial and industrial loans $16,312
To non-U.S. addressees $0
Loans to individuals $3,002
Credit card loans $0
Related Plans $3
Consumer Auto Loans $407
Other loans to individuals $2,592
All other loans & leases $0
Loans to foreign governments and official institutions $0
Other loans $0
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 $140
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

First American Bank and Trust Company had $423,581,000 of loans outstanding in 2021. $412,769,000 of loans were in real estate loans. $69,422,000 of loans were in development loans. $15,510,000 of loans were in multifamily mortgage loans. $124,315,000 of loans were in 1-4 family mortgage loans. $462,000 of loans were in farm loans. $0 of loans were in credit card loans. $407,000 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 175 $40,185 $229,629
Nonfarm, nonresidential loans - <$100k 23 $750 $32,609
Nonfarm, nonresidential loans - $100-250k 58 $7,330 $126,379
Nonfarm, nonresidential loans - $250k-1MM 94 $32,105 $341,543
Commercial & Industrial, US addressed loans - <$1MM 168 $10,447 $62,185
Commercial & Industrial, US addressed loans - <$100k 109 $2,237 $20,523
Commercial & Industrial, US addressed loans - $100-250k 31 $2,507 $80,871
Commercial & Industrial, US addressed loans - $250k-1MM 28 $5,703 $203,679
Farmland loans - <$1MM 9 $1,136 $126,222
Farmland loans - <$100k 2 $22 $11,000
Farmland loans - $100-250k 5 $500 $100,000
Farmland loans - $250k-1MM 2 $614 $307,000
Agriculture operations loans - <$1MM 4 $462 $115,500
Agriculture operations loans - <$100k 1 $64 $64,000
Agriculture operations loans - $100-250k 3 $398 $132,667