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

Athens, GA

LEI: 549300WHACUOETOKO184

Tax ID: 58-0550806

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

First American Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. First American Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Athens, Atlanta, Jefferson, Columbia, and Brunswick among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

First American Bank And 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. First American Bank And Trust Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.40%	4/21/24
30 Year Conventional Refi	6.35%	4/21/24
30 Year Cash-out Refi	6.66%	4/21/24
15 Year Conventional Purchase	5.57%	4/21/24
15 Year Conventional Refi	6.16%	4/21/24
15 Year Cash-out Refi	6.16%	4/21/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

First American Bank And Trust Company Mortgage Calculator

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This is not an official calculator from First American Bank And Trust Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

322

Origination Dollar Volume (All Markets)

$71,420,000

Employee count

Awards

First American Bank and Trust Company 30 Year Conventional Loans silver

Show all (1) awards

Top 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
ATHENS-CLARKE COUNTY, GA (FHA\|USDA\|VA)	219	$49,885,000	$227,785	$3,664	4.75%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	46	$8,270,000	$179,783	$2,942	5.14%
Outside of Metro Areas	29	$6,835,000	$235,690	$3,348	4.98%
Jefferson, GA (FHA\|USDA\|VA)	11	$2,565,000	$233,182	$5,888	4.85%
COLUMBIA, SC (FHA\|USDA\|VA)	2	$880,000	$440,000	$0	5.35%
BRUNSWICK, GA (FHA\|USDA\|VA)	2	$860,000	$430,000	$0	4.75%
GAINESVILLE, GA (FHA\|USDA\|VA)	1	$375,000	$375,000	$3,051	4.38%
Cullowhee, NC (FHA\|USDA\|VA)	2	$350,000	$175,000	$1,876	4.81%
Milledgeville, GA (FHA\|USDA\|VA)	3	$345,000	$115,000	$3,385	5.23%
JACKSONVILLE, FL (FHA\|USDA\|VA)	2	$330,000	$165,000	$4,077	4.25%
ASHEVILLE, NC (FHA\|USDA\|VA)	1	$215,000	$215,000	$2,994	4.75%
Moultrie, GA (FHA\|USDA\|VA)	1	$195,000	$195,000	$0	6.00%
WINSTON-SALEM, NC (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,908	4.38%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA\|USDA\|VA)	1	$95,000	$95,000	$2,382	4.50%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	4.00%

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

Their top states include:

Georgia (FHA|USDA|VA)

North Carolina (FHA|USDA|VA)

South Carolina (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against First American Bank and Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

First American Bank and Trust Company
Similarity Rank: 360

First National Bank of Griffin
Similarity Rank: 592

Third Federal Savings and Loan Association of Cleveland
Similarity Rank: 614

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Similarity Rank: 1194

VICTORY MORTGAGE, L.L.C.
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LGE COMMUNITY
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CREDIT UNION OF GEORGIA
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	322	$71,420,000	$221,801	$3,610	4.83%

For 2018, First American Bank And Trust Company's most frequently originated type of loan was Conventional, with 322 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	180	$45,670,000	$253,722	$3,930	4.71%
Refi	108	$17,770,000	$164,537	$2,667	5.01%
Cash Out Refi	27	$7,565,000	$280,185	$3,339	4.76%
Home Improvement	6	$390,000	$65,000	$1,098	5.44%
Other	1	$25,000	$25,000	$1,266	5.83%

For 2018, First American Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 180 originations. The 2nd most popular reason was Refi, with 108 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	143	$38,075,000	$266,259	$3,925	4.58%
Other	79	$13,325,000	$168,671	$2,132	5.15%
5 Year	52	$6,790,000	$130,577	$2,652	5.31%
15 Year	19	$3,865,000	$203,421	$3,292	4.21%
1 Year	14	$5,110,000	$365,000	$3,336	5.05%
3 Year	8	$1,120,000	$140,000	$0	4.75%
20 Year	5	$1,255,000	$251,000	$3,150	4.10%
10 Year	2	$1,880,000	$940,000	$0	4.75%

For 2018, First American Bank And Trust Company's most frequently cited loan duration was 30 Year, with 143 originations. The 2nd most popular length was Other, with 79 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	123	$28,305,000	$230,122
$1k-2k	38	$8,460,000	$222,632
$2k-3k	19	$5,545,000	$291,842
$3k-4k	7	$1,735,000	$247,857
$5k+	6	$3,190,000	$531,667
$4k-5k	2	$760,000	$380,000

First American Bank And Trust Company's average total fees were $3,925, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 123 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	201	$48,205,000	$239,826
5-6%	86	$15,930,000	$185,233
3-4%	26	$6,870,000	$264,231
6-7%	9	$415,000	$46,111

During 2018, First American Bank And Trust Company's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 4-5%, with 201 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	100	$5,870,000	$58,700	$1,938	5.22%
$200k-400k	97	$27,535,000	$283,866	$4,030	4.61%
$100k-200k	85	$12,885,000	$151,588	$3,022	4.72%
$400k-600k	27	$12,785,000	$473,519	$4,753	4.66%
$600k-1MM	9	$6,485,000	$720,556	$8,586	4.54%
$1MM+	4	$5,860,000	$1,465,000	$0	4.90%

2018 saw First American Bank And Trust Company place emphasis on $100,000 or less loans with 100 originations, totaling $5,870,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	52	$12,130,000	$233,269	$4,148	4.57%
$150k-250k	48	$12,840,000	$267,500	$3,941	4.82%
$50k or less	45	$4,595,000	$102,111	$2,535	4.93%
$50k-75k	41	$5,675,000	$138,415	$2,625	4.86%
$75k-100k	39	$8,425,000	$216,026	$3,881	4.79%
$250k+	33	$11,755,000	$356,212	$4,717	4.77%

First American Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 52 originations. The second most popular income band? $150k-250k, with 48 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	62	$13,210,000	$213,065	$3,699	4.71%
30-36%	44	$10,460,000	$237,727	$4,073	4.58%
<20%	25	$6,125,000	$245,000	$3,887	4.40%
36%	10	$2,140,000	$214,000	$2,799	4.55%
38%	9	$1,735,000	$192,778	$3,335	5.20%
37%	7	$1,025,000	$146,429	$2,477	4.95%
42%	6	$980,000	$163,333	$3,741	5.00%
39%	6	$2,770,000	$461,667	$3,364	4.54%
40%	6	$1,790,000	$298,333	$3,367	4.63%
41%	6	$1,430,000	$238,333	$3,937	4.73%
48%	6	$1,210,000	$201,667	$3,643	4.67%
47%	5	$1,165,000	$233,000	$2,879	4.69%
46%	5	$1,635,000	$327,000	$3,272	4.35%
50-60%	5	$785,000	$157,000	$5,242	4.83%
44%	4	$500,000	$125,000	$1,764	5.08%
45%	4	$1,190,000	$297,500	$4,022	4.53%
>60%	4	$290,000	$72,500	$551	5.68%
49%	3	$615,000	$205,000	$3,858	4.46%
43%	3	$545,000	$181,667	$2,882	4.71%

First American Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 62 originations. The next most common DTI ratio? 30-36%, with 44 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	159	$30,535,000	$192,044	$3,205	4.94%
Not provided	94	$24,400,000	$259,574	$4,018	4.51%
Not applicable	61	$15,355,000	$251,721	$0	5.04%
Asian Indian	1	$455,000	$455,000	$4,237	3.88%
Black	5	$445,000	$89,000	$2,818	5.13%
Native Hawaiian or Islander	1	$195,000	$195,000	$5,995	4.88%
Asian	1	$35,000	$35,000	$0	4.95%

Approval Rates

Total approvals of all applications
95.71%

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
89.13%

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

Points and Fees

Points	Originations	Total Value	Average Loan
NA	322	$71,420,000	$221,801

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	5	$2,875,000	$575,000
Single Family (1-4 Units):Manufactured	12	$650,000	$54,167
Single Family (1-4 Units):Site-Built	305	$67,895,000	$222,607

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	27	$3,035,000	$112,407	$3,025	5.07%
40-60%	46	$10,470,000	$227,609	$2,951	4.96%
60-80%	136	$31,960,000	$235,000	$3,506	4.81%
80-100%	88	$23,160,000	$263,182	$4,157	4.61%
Over 100%	9	$1,325,000	$147,222	$1,494	5.20%
Under 20%	15	$1,415,000	$94,333	$1,040	5.36%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
FIRST AMERICAN FINANCIAL CORPORATION	Other type of mortgage	Trouble during payment process	1	8.3%
FIRST AMERICAN FINANCIAL CORPORATION	Conventional home mortgage	Closing on a mortgage	3	25.0%
FIRST AMERICAN FINANCIAL CORPORATION	Conventional home mortgage	Struggling to pay mortgage	1	8.3%
FIRST AMERICAN FINANCIAL CORPORATION	FHA mortgage	Closing on a mortgage	1	8.3%
FIRST AMERICAN FINANCIAL CORPORATION	FHA mortgage	Struggling to pay mortgage	1	8.3%
FIRST AMERICAN FINANCIAL CORPORATION	Other type of mortgage	Closing on a mortgage	3	25.0%
FIRST AMERICAN FINANCIAL CORPORATION	Other type of mortgage	Struggling to pay mortgage	2	16.7%

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	$28,770
First American Bank and Trust Company	2241 West Broad Street Athens, GA 30606	Full Service B&M	$52,267
First American Bank and Trust Company	300 College Avenue Athens, GA 30601	Full Service B&M	$171,560
First American Bank and Trust Company	550 Highway 441 South Clayton, GA 30525	Full Service B&M	$34,763
First American Bank and Trust Company	65 East May Street Winder, GA 30680	Full Service B&M	$79,140
First American Bank and Trust Company	825 Hull Road Athens, GA 30601	Full Service B&M	$55,647

For 2018, First American Bank And Trust Company had 6 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$19,513
Net interest income	$17,438
Total noninterest income	$6,120
Gross Fiduciary activities income	$1,260
Service charges on deposit accounts	$1,973
Trading account gains and fees	$0
Additional Noninterest Income	$2,887
Pre-tax net operating income	$8,852
Securities gains (or losses, -)	$-2
Income before extraordinary items	$6,953
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$6,953
Minority interest net income	$0
Net income	$6,953
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$6,954

First American Bank And Trust Company's gross interest income from loans was $19,513,000.
First American Bank And Trust Company's net interest income from loans was $17,438,000.
First American Bank And Trust Company's fee based income from loans was $1,973,000.
First American Bank And Trust Company's net income from loans was $6,953,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,075
Provision for credit losses	$300
Total noninterest expense	$14,406
Salaries and employee benefits	$8,864
Premises and equipment expense	$2,462
Additional noninterest expense	$3,080
Applicable income taxes	$1,897
Net charge-offs	$1
Cash dividends	$1,850

First American Bank And Trust Company's interest expense for loans was $2,075,000.
First American Bank And Trust Company's payroll and benefits expense were $8,864,000.
First American Bank And Trust Company's property, plant and equipment expenses $2,462,000.

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	$449,418
Deposits held in domestic offices	$449,418
Deposits by Individuals, partnerships, and corporations	$429,935
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$19,483
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	$50,217
Demand deposits	$26,115
Nontransaction accounts	$399,201
Money market deposit accounts (MMDAs)	$107,286
Other savings deposits (excluding MMDAs)	$233,916
Total time deposits	$57,999
Total time and savings deposits	$423,303
Noninterest-bearing deposits	$115,602
Interest-bearing deposits	$333,816
Retail deposits	$441,880
IRAs and Keogh plan accounts	$15,382
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$532,715
Cash & Balances due from depository institutions	$88,454
Interest-bearing balances	$85,179
Total securities	$66,445
Federal funds sold & reverse repurchase	$2,900
Net loans and leases	$349,936
Loan and leases loss allowance	$4,854
Trading account assets	$0
Bank premises and fixed assets	$6,138
Other real estate owned	$1,289
Goodwill and other intangibles	$0
All other assets	$17,553

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$532,715
Total Liabilities	$475,850
Total deposits	$449,418
Interest-bearing deposits	$333,816
Deposits held in domestic offices	$449,418
% insured (estimated)	$80
Federal funds purchased and repurchase agreements	$24,216
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$2,216

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$349,936
Loan and leases loss allowance	$4,854
Total loans and leases (domestic)	$354,790
All real estate loans	$332,436
Real estate loans in domestic offices	$332,436
Construction and development loans	$56,539
Residential 1-4 family construction	$13,662
Other construction, all land development and other land	$42,877
Loans secured by nonfarm nonresidential properties	$155,054
Nonfarm nonresidential secured by owner-occupied properties	$80,434
Commercial real estate & other non-farm, non-residential	$74,620
Multifamily residential real estate	$10,837
1-4 family residential loans	$105,605
Farmland loans	$4,401
Loans held in foreign offices	$0
Farm loans	$1,740
Commercial and industrial loans	$18,441
To non-U.S. addressees	$0
Loans to individuals	$2,874
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$458
Other loans to individuals	$2,416
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	$746
Non 1-4 family restructured loans & leases	$574
Total loans and leases (foreign)	$0

First American Bank and Trust Company had $349,936,000 of loans outstanding in 2018. $332,436,000 of loans were in real estate loans. $56,539,000 of loans were in development loans. $10,837,000 of loans were in multifamily mortgage loans. $105,605,000 of loans were in 1-4 family mortgage loans. $1,740,000 of loans were in farm loans. $0 of loans were in credit card loans. $458,000 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	208	$52,651	$253,130
Nonfarm, nonresidential loans - <$100k	31	$1,095	$35,323
Nonfarm, nonresidential loans - $100-250k	64	$8,377	$130,891
Nonfarm, nonresidential loans - $250k-1MM	113	$43,179	$382,115
Commercial & Industrial, US addressed loans - <$1MM	259	$12,872	$49,699
Commercial & Industrial, US addressed loans - <$100k	196	$4,870	$24,847
Commercial & Industrial, US addressed loans - $100-250k	44	$3,515	$79,886
Commercial & Industrial, US addressed loans - $250k-1MM	19	$4,487	$236,158
Farmland loans - <$1MM	18	$2,596	$144,222
Farmland loans - <$100k	5	$117	$23,400
Farmland loans - $100-250k	4	$388	$97,000
Farmland loans - $250k-1MM	9	$2,091	$232,333
Agriculture operations loans - <$1MM	9	$1,006	$111,778
Agriculture operations loans - <$100k	4	$178	$44,500
Agriculture operations loans - $100-250k	4	$536	$134,000
Agriculture operations loans - $250k-1MM	1	$292	$292,000