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

2021 Data | 2020 Data | 2019 Data | 2018 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

Item Value (in 000's)
Total interest income $24,535
Net interest income $20,210
Total noninterest income $5,069
Gross Fiduciary activities income $0
Service charges on deposit accounts $169
Trading account gains and fees $0
Additional Noninterest Income $4,900
Pre-tax net operating income $7,957
Securities gains (or losses, -) $30
Income before extraordinary items $6,041
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $6,041
Minority interest net income $0
Net income $6,041
Sale, conversion, retirement of capital stock, net $0
Net operating income $6,017

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.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 1.0%
Construction & Land Development loans 5.0%
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 $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