American Bank Of Missouri Mortgage Rates, Fees & Info
Wellsville, MO
LEI: 549300YMEOE50UQ6NM87
Tax ID: 43-0170350
4.6 stars
-
out of 5 stars, based on 18 reviews
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Mortgage Data
Bank Data
Overview
American Bank Of Missouri is a
smaller
bank
specializing in
Home Purchase and Refi loans.
American Bank Of Missouri has a high proportion of conventional loans.
They have a low ratio of USDA loans.
Their top markets include St. Louis, Daphne, North Port, Hannibal, and Denver among others. American Bank Of Missouri has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
American Bank Of Missouri is typically
an average fee
lendor.
Originations
337
Origination Dollar Volume (All Markets)
$95,515,000
Employee count
98
Relative Rate
American Bank Of Missouri's average 30 year fixed rate mortgage of loans were
3.74%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.59%.
Relative Fees
American Bank Of Missouri's average total fees for a 30 year fixed rate
mortgage are $3,381.
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 |
|
ST. LOUIS, MO-IL (FHA|USDA|VA)
|
320
|
$87,220,000 |
$272,563 |
$2,784 |
4.84% |
|
Outside of Metro Areas
|
9 |
$4,845,000 |
$538,333 |
$3,644 |
4.01% |
|
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA)
|
1
|
$1,345,000 |
$1,345,000 |
$0 |
4.50% |
|
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)
|
1
|
$1,325,000 |
$1,325,000 |
$0 |
4.25% |
|
Hannibal, MO (FHA|USDA|VA)
|
3
|
$435,000 |
$145,000 |
$3,417 |
3.13% |
|
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)
|
1
|
$155,000 |
$155,000 |
$0 |
4.50% |
|
KANSAS CITY, MO-KS (FHA|USDA|VA)
|
1
|
$115,000 |
$115,000 |
$3,459 |
2.75% |
|
BLOOMINGTON, IL (FHA|USDA|VA)
|
1
|
$75,000 |
$75,000 |
$0 |
5.75% |
American Bank Of Missouri's top markets include St. Louis, Daphne, North Port, Hannibal, and Denver among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
331 |
$94,725,000 |
$286,178 |
$3,200 |
4.82% |
| USDA |
6 |
$790,000 |
$131,667 |
$3,174 |
3.04% |
For the 2021 period, American Bank Of Missouri's most frequently
originated loan type
of loans were Conventional, with 331 originations.
Their 2nd most popular type is USDA,
with 6 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
272 |
$70,880,000 |
$260,588 |
$3,479 |
4.82% |
| Refi |
64 |
$24,280,000 |
$379,375 |
$2,620 |
4.68% |
| Home Improvement |
1 |
$355,000 |
$355,000 |
$1,762 |
4.00% |
For the 2021, American Bank Of Missouri's most frequently cited loan
purpose
of loans were Home Purchase, with 272
originations.
The 2nd most popular reason of loans were Refi,
with 64 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Other |
151 |
$33,915,000 |
$224,603 |
$0 |
5.16% |
| 3 Year |
70 |
$16,390,000 |
$234,143 |
$0 |
4.74% |
| 1 Year |
54 |
$11,010,000 |
$203,889 |
$1,762 |
4.65% |
| 5 Year |
41 |
$17,705,000 |
$431,829 |
$0 |
4.27% |
| 30 Year |
19 |
$11,445,000 |
$602,368 |
$3,381 |
3.74% |
| 10 Year |
1 |
$5,005,000 |
$5,005,000 |
$0 |
3.63% |
| 15 Year |
1 |
$45,000 |
$45,000 |
$1,045 |
4.00% |
For the 2021, American Bank Of Missouri's most frequently cited loan
length
of loans were Other, with 151 originations.
The 2nd most popular length of loans were 3 Year,
with 70 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $1k-2k |
11 |
$10,385,000 |
$944,091 |
| $<1k |
10 |
$1,460,000 |
$146,000 |
$3,381 of loans were American Bank Of Missouri's
average total fees, while their most
frequently occuring range of origination fees were in the
$1k-2k bucket,
with 11 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 4-5% |
194 |
$48,390,000 |
$249,433 |
| 5-6% |
89 |
$13,235,000 |
$148,708 |
| 3-4% |
50 |
$33,390,000 |
$667,800 |
| 2.5-3% |
4 |
$500,000 |
$125,000 |
During 2021, American Bank Of Missouri's average interest
rate of loans were 3.74%, while their
most frequently originated rate bucket of loans were 4-5%,
with 194 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-200k |
155 |
$22,255,000 |
$143,581 |
$3,162 |
4.89% |
| $200k-400k |
77 |
$20,755,000 |
$269,545 |
$2,967 |
4.67% |
| $100,000 or less |
66 |
$5,060,000 |
$76,667 |
$1,462 |
4.95% |
| $1MM+ |
16 |
$34,320,000 |
$2,145,000 |
$4,988 |
4.10% |
| $400k-600k |
15 |
$7,245,000 |
$483,000 |
$0 |
4.62% |
| $600k-1MM |
8 |
$5,880,000 |
$735,000 |
$0 |
4.44% |
2021 saw American Bank Of Missouri place emphasis on
$100k-200k loans
with 155 originations, totaling
$22,255,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-150k |
7 |
$3,055,000 |
$436,429 |
$3,618 |
4.43% |
| $250k+ |
6 |
$7,820,000 |
$1,303,333 |
$4,659 |
4.27% |
| $150k-250k |
5 |
$2,185,000 |
$437,000 |
$2,583 |
4.00% |
| $50k-75k |
4 |
$520,000 |
$130,000 |
$3,353 |
3.31% |
| $50k or less |
4 |
$380,000 |
$95,000 |
$1,462 |
3.88% |
| $75k-100k |
3 |
$575,000 |
$191,667 |
$3,401 |
3.50% |
American Bank Of Missouri lent most frequently to those with incomes in the
$100k-150k range, with
7 originations.
The second most popular income band? $250k+,
with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-30% |
7 |
$1,265,000 |
$180,714 |
$2,857 |
3.48% |
| 30-36% |
6 |
$2,170,000 |
$361,667 |
$2,597 |
3.94% |
| <20% |
4 |
$6,320,000 |
$1,580,000 |
$4,362 |
4.00% |
| 38% |
2 |
$400,000 |
$200,000 |
$3,339 |
3.38% |
| 40% |
1 |
$1,375,000 |
$1,375,000 |
$3,113 |
4.25% |
| 43% |
1 |
$315,000 |
$315,000 |
$4,235 |
4.00% |
American Bank Of Missouri lent most frequently to those with DTI ratios
of 20-30%, with
7 originations.
The next most common DTI ratio? 30-36%,
with 6 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Not applicable |
307 |
$80,635,000 |
$262,655 |
$0 |
4.87% |
| White |
30 |
$14,880,000 |
$496,000 |
$3,193 |
4.00% |
Approval Rates
Total approvals of all applications
91.59%
American Bank Of Missouri has an average approval rate.
Pick Rate
Approvals leading to origination
82.91%
American Bank Of Missouri has a below average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| NA |
337 |
$95,515,000 |
$283,427 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
337 |
$95,515,000 |
$283,427 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
6 |
$1,430,000 |
$238,333 |
$1,931 |
4.38% |
| 40-60% |
19 |
$13,365,000 |
$703,421 |
$2,903 |
4.56% |
| 60-80% |
151 |
$49,595,000 |
$328,444 |
$2,940 |
4.69% |
| 80-100% |
109 |
$22,805,000 |
$209,220 |
$3,591 |
5.03% |
| Under 20% |
52 |
$8,320,000 |
$160,000 |
$0 |
4.75% |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| AMERICAN BANCSHARES MORTGAGE, LLC |
Conventional home mortgage |
Closing on a mortgage |
1 |
100.0% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| American Bank of Missouri |
101 North Cherry Middletown, MO 63359 |
Full Service B&M
|
$13,334 |
| American Bank of Missouri |
12161 Manchester Road Des Peres, MO 63131 |
Full Service B&M
|
$52,817 |
| American Bank of Missouri |
127 West Hudson Wellsville, MO 63384 |
Full Service B&M
|
$27,253 |
| American Bank of Missouri |
690 North Service Road West Wright City, MO 63390 |
Full Service B&M
|
$99,306 |
| American Bank of Missouri |
728 North Sturgeon Montgomery City, MO 63361 |
Full Service B&M
|
$31,332 |
| American Bank of Missouri |
901 Highway K O Fallon, MO 63366 |
Full Service B&M
|
$93,168 |
| American Bank of Missouri |
917 North Outer Road Warrenton, MO 63383 |
Full Service B&M
|
$23,212 |
| American Bank of Missouri |
9800 Manchester Road Saint Louis, MO 63119 |
Full Service B&M
|
$72,250 |
For 2021, American Bank Of Missouri had 8 branches.
Yearly Performance Overview
Bank Income
American Bank Of Missouri's gross interest income from loans was $24,535,000.
American Bank Of Missouri's net interest income from loans was $20,210,000.
American Bank Of Missouri's fee based income from loans was $169,000.
American Bank Of Missouri's net income from loans was $6,041,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$4,325 |
| Provision for credit losses |
$2,203 |
| Total noninterest expense |
$15,119 |
| Salaries and employee benefits |
$8,603 |
| Premises and equipment expense |
$1,452 |
| Additional noninterest expense |
$5,064 |
| Applicable income taxes |
$1,946 |
| Net charge-offs |
$311 |
| Cash dividends |
$0 |
American Bank Of Missouri's interest expense for loans was $4,325,000.
American Bank Of Missouri's payroll and benefits expense were $8,603,000.
American Bank Of Missouri's property, plant and equipment expenses $1,452,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$521,407 |
| Deposits held in domestic offices |
$521,407 |
| Deposits by Individuals, partnerships, and corporations |
$480,636 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$32,039 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$8,732 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$133,067 |
| Demand deposits |
$78,126 |
| Nontransaction accounts |
$388,340 |
| Money market deposit accounts (MMDAs) |
$185,389 |
| Other savings deposits (excluding MMDAs) |
$36,294 |
| Total time deposits |
$166,657 |
| Total time and savings deposits |
$443,281 |
| Noninterest-bearing deposits |
$78,126 |
| Interest-bearing deposits |
$443,281 |
| Retail deposits |
$488,250 |
| IRAs and Keogh plan accounts |
$11,851 |
| Brokered deposits |
$247 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$643,451 |
| Cash & Balances due from depository institutions |
$43,216 |
| Interest-bearing balances |
$35,642 |
| Total securities |
$68,255 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$504,621 |
| Loan and leases loss allowance |
$6,998 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$7,693 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$5,441 |
| All other assets |
$14,225 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$643,451 |
| Total Liabilities |
$574,365 |
| Total deposits |
$521,407 |
| Interest-bearing deposits |
$443,281 |
| Deposits held in domestic offices |
$521,407 |
| % insured (estimated) |
$76 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$52,000 |
| Subordinated debt |
$0 |
| All other liabilities |
$958 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$504,621 |
| Loan and leases loss allowance |
$6,998 |
| Total loans and leases (domestic) |
$511,619 |
| All real estate loans |
$421,646 |
| Real estate loans in domestic offices |
$421,646 |
| Construction and development loans |
$78,373 |
| Residential 1-4 family construction |
$23,168 |
| Other construction, all land development and other land |
$55,205 |
| Loans secured by nonfarm nonresidential properties |
$153,622 |
| Nonfarm nonresidential secured by owner-occupied properties |
$41,062 |
| Commercial real estate & other non-farm, non-residential |
$112,560 |
| Multifamily residential real estate |
$35,612 |
| 1-4 family residential loans |
$146,953 |
| Farmland loans |
$7,086 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$1,633 |
| Commercial and industrial loans |
$74,512 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$3,016 |
| Credit card loans |
$0 |
| Related Plans |
$1,887 |
| Consumer Auto Loans |
$267 |
| Other loans to individuals |
$862 |
| All other loans & leases |
$10,812 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$10,583 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$304 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$681 |
| Non 1-4 family restructured loans & leases |
$10 |
| Total loans and leases (foreign) |
$0 |
American Bank of Missouri had $504,621,000 of loans outstanding in 2021. $421,646,000 of loans were in real estate loans.
$78,373,000 of loans were in development loans. $35,612,000 of loans were in multifamily mortgage loans.
$146,953,000 of loans were in 1-4 family mortgage loans. $1,633,000 of loans were in farm loans. $0
of loans were in credit card loans. $267,000 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 |
172 |
$54,167 |
$314,924 |
| Nonfarm, nonresidential loans - <$100k |
28 |
$1,594 |
$56,929 |
| Nonfarm, nonresidential loans - $100-250k |
53 |
$7,899 |
$149,038 |
| Nonfarm, nonresidential loans - $250k-1MM |
91 |
$44,674 |
$490,923 |
| Commercial & Industrial, US addressed loans - <$1MM |
138 |
$35,817 |
$259,543 |
| Commercial & Industrial, US addressed loans - <$100k |
60 |
$2,945 |
$49,083 |
| Commercial & Industrial, US addressed loans - $100-250k |
36 |
$7,210 |
$200,278 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
42 |
$25,662 |
$611,000 |
| Farmland loans - <$1MM |
12 |
$987 |
$82,250 |
| Farmland loans - <$100k |
4 |
$235 |
$58,750 |
| Farmland loans - $100-250k |
5 |
$473 |
$94,600 |
| Farmland loans - $250k-1MM |
3 |
$279 |
$93,000 |
| Agriculture operations loans - <$1MM |
18 |
$1,125 |
$62,500 |
| Agriculture operations loans - <$100k |
10 |
$286 |
$28,600 |
| Agriculture operations loans - $100-250k |
4 |
$469 |
$117,250 |
| Agriculture operations loans - $250k-1MM |
4 |
$370 |
$92,500 |
