American Bank Of Missouri Mortgage Rates, Fees & Info

Wellsville, MO

LEI: 549300YMEOE50UQ6NM87

Tax ID: 43-0170350

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & 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. Their top markets by origination volume include: St. Louis, Sedalia, Jefferson City, Fort Leonard Wood, and Hannibal among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American Bank Of Missouri 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. American Bank Of Missouri 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 7.05% 12/16/24
    30 Year Conventional Refi 7.39% 12/16/24
    30 Year Cash-out Refi 7.63% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    30 Year USDA Purchase 6.99% 12/16/24
    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.

    American Bank Of Missouri Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from American Bank Of Missouri. 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

    309

    Origination Dollar Volume (All Markets)

    $93,205,000

    Employee count

    78

    Awards

    American Bank of Missouri USDA Loans gold American Bank of Missouri USDA Loans silver
    Show all (2) 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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 268 $62,920,000 $234,776 $3,087 5.09%
    Sedalia, MO (FHA|USDA|VA) 1 $17,005,000 $17,005,000 $0 4.00%
    Outside of Metro Areas 10 $6,990,000 $699,000 $4,146 4.18%
    JEFFERSON CITY, MO (FHA|USDA|VA) 16 $2,110,000 $131,875 $3,297 3.34%
    Fort Leonard Wood, MO (FHA|USDA|VA) 1 $2,025,000 $2,025,000 $0 3.75%
    Hannibal, MO (FHA|USDA|VA) 6 $740,000 $123,333 $3,289 3.10%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $645,000 $645,000 $0 5.25%
    Mexico, MO (FHA|USDA|VA) 4 $370,000 $92,500 $3,290 3.72%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $225,000 $225,000 $4,440 4.25%
    COLUMBIA, MO (FHA|USDA|VA) 1 $175,000 $175,000 $3,622 2.88%
    American Bank Of Missouri's top markets include St. Louis, Sedalia, Jefferson City, Fort Leonard Wood, and Hannibal among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

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

    HNB National Bank
    Similarity Rank: 210
    United Bank of Union
    Similarity Rank: 245
    Central Bank of Boone County
    Similarity Rank: 294
    CapGrow Home Mortgage, LLC
    Similarity Rank: 352
    Prairie State Bank and Trust
    Similarity Rank: 360
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 428
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 770
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 1090
    INB
    Similarity Rank: 1241
    MISSOURI Credit Union
    Similarity Rank: 1273

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 273 $88,485,000 $324,121 $2,851 5.09%
    USDA 36 $4,720,000 $131,111 $3,538 3.41%

    For 2020, American Bank Of Missouri's most frequently originated type of loan was Conventional, with 273 originations. Their 2nd most popular type was USDA, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 243 $50,645,000 $208,416 $3,514 4.92%
    Refi 60 $41,940,000 $699,000 $3,112 4.81%
    Home Improvement 3 $265,000 $88,333 $0 5.33%
    Other 2 $250,000 $125,000 $2,392 4.00%
    Cash Out Refi 1 $105,000 $105,000 $1,488 5.25%

    For 2020, American Bank Of Missouri's most frequently cited loan purpose was Home Purchase, with 243 originations. The 2nd most popular reason was Refi, with 60 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 81 $16,125,000 $199,074 $0 5.46%
    3 Year 77 $14,345,000 $186,299 $0 5.21%
    1 Year 64 $11,050,000 $172,656 $0 4.99%
    30 Year 48 $9,040,000 $188,333 $3,366 3.63%
    5 Year 30 $35,730,000 $1,191,000 $0 4.43%
    10 Year 9 $6,915,000 $768,333 $0 4.83%

    For 2020, American Bank Of Missouri's most frequently cited loan duration was Other, with 81 originations. The 2nd most popular length was 3 Year, with 77 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 33 $5,055,000 $153,182
    $1k-2k 13 $3,235,000 $248,846
    $2k-3k 1 $135,000 $135,000
    $3k-4k 1 $615,000 $615,000

    American Bank Of Missouri's average total fees were $3,366, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 33 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 142 $24,020,000 $169,155
    4-5% 121 $32,525,000 $268,802
    3-4% 30 $34,630,000 $1,154,333
    2.5-3% 10 $1,160,000 $116,000
    <2.5% 4 $570,000 $142,500
    6-7% 2 $300,000 $150,000

    During 2020, American Bank Of Missouri's average interest rate for loans was 3.63%, while their most frequently originated rate bucket for loans was 5-6%, with 142 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 136 $18,940,000 $139,265 $3,450 4.87%
    $100,000 or less 81 $5,605,000 $69,198 $2,845 5.09%
    $200k-400k 56 $15,750,000 $281,250 $3,597 4.82%
    $400k-600k 15 $7,545,000 $503,000 $3,774 4.79%
    $600k-1MM 11 $8,215,000 $746,818 $3,523 4.99%
    $1MM+ 10 $37,150,000 $3,715,000 $0 4.18%

    2020 saw American Bank Of Missouri place emphasis on $100k-200k loans with 136 originations, totaling $18,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 25 $2,965,000 $118,600 $3,209 3.46%
    $50k-75k 12 $1,500,000 $125,000 $3,653 3.73%
    $100k-150k 9 $1,775,000 $197,222 $3,388 4.68%
    $150k-250k 7 $1,435,000 $205,000 $3,156 4.36%
    $250k+ 5 $2,175,000 $435,000 $2,922 4.55%
    $75k-100k 5 $945,000 $189,000 $4,366 4.50%

    American Bank Of Missouri lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $50k-75k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 9 $1,345,000 $149,444 $3,546 3.57%
    30-36% 8 $1,120,000 $140,000 $3,142 3.63%
    <20% 5 $765,000 $153,000 $2,933 3.93%
    39% 5 $1,865,000 $373,000 $3,567 4.08%
    41% 5 $745,000 $149,000 $3,477 3.48%
    37% 4 $570,000 $142,500 $3,674 3.69%
    38% 3 $315,000 $105,000 $3,015 3.33%
    36% 3 $1,375,000 $458,333 $3,295 3.96%
    40% 2 $440,000 $220,000 $3,527 3.94%
    45% 1 $165,000 $165,000 $4,364 2.38%
    42% 1 $85,000 $85,000 $2,724 2.88%
    43% 1 $125,000 $125,000 $3,339 2.88%
    44% 1 $125,000 $125,000 $3,558 3.00%

    American Bank Of Missouri lent most frequently to those with DTI ratios of 20-30%, with 9 originations. The next most common DTI ratio? 30-36%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 246 $82,410,000 $335,000 $0 5.14%
    White 63 $10,795,000 $171,349 $3,366 3.95%

    Approval Rates

    Total approvals of all applications
    89.40%

    American Bank Of Missouri has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.94%

    American Bank Of Missouri has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 309 $93,205,000 $301,634

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 42 $51,450,000 $1,225,000
    Single Family (1-4 Units):Site-Built 267 $41,755,000 $156,386

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $2,485,000 $828,333 $0 4.83%
    40-60% 29 $6,505,000 $224,310 $1,642 5.23%
    60-80% 130 $59,800,000 $460,000 $2,927 4.98%
    80-100% 101 $16,805,000 $166,386 $3,468 4.79%
    Over 100% 4 $690,000 $172,500 $4,109 3.22%
    Under 20% 41 $6,795,000 $165,732 $0 4.84%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    AMERICAN BANCSHARES MORTGAGE, LLC FHA mortgage Closing on a mortgage 1 50.0%
    AMERICAN BANCSHARES MORTGAGE, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%

    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 $12,862
    American Bank of Missouri 12161 Manchester Road Des Peres, MO 63131 Full Service B&M $39,183
    American Bank of Missouri 127 West Hudson Wellsville, MO 63384 Full Service B&M $26,779
    American Bank of Missouri 690 North Service Road West Wright City, MO 63390 Full Service B&M $76,880
    American Bank of Missouri 728 North Sturgeon Montgomery City, MO 63361 Full Service B&M $24,859
    American Bank of Missouri 901 Highway K O Fallon, MO 63366 Full Service B&M $70,351
    American Bank of Missouri 917 North Outer Road Warrenton, MO 63383 Full Service B&M $19,557
    American Bank of Missouri 9800 Manchester Road Saint Louis, MO 63119 Full Service B&M $63,905

    For 2020, American Bank Of Missouri had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,210
    Net interest income $15,405
    Total noninterest income $2,887
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $109
    Trading account gains and fees $0
    Additional Noninterest Income $2,778
    Pre-tax net operating income $4,961
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,871
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,871
    Minority interest net income $0
    Net income $3,871
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,871

    American Bank Of Missouri's gross interest income from loans was $21,210,000.
    American Bank Of Missouri's net interest income from loans was $15,405,000.
    American Bank Of Missouri's fee based income from loans was $109,000.
    American Bank Of Missouri's net income from loans was $3,871,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,805
    Provision for credit losses $2,072
    Total noninterest expense $11,259
    Salaries and employee benefits $6,856
    Premises and equipment expense $1,233
    Additional noninterest expense $3,170
    Applicable income taxes $1,090
    Net charge-offs $251
    Cash dividends $0

    American Bank Of Missouri's interest expense for loans was $5,805,000.
    American Bank Of Missouri's payroll and benefits expense were $6,856,000.
    American Bank Of Missouri's property, plant and equipment expenses $1,233,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 3.0%
    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 $371,556
    Deposits held in domestic offices $371,556
    Deposits by Individuals, partnerships, and corporations $338,998
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $22,717
    Deposits by Commercial banks and other depository institutions in U.S. $9,841
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $65,666
    Demand deposits $38,863
    Nontransaction accounts $305,890
    Money market deposit accounts (MMDAs) $137,222
    Other savings deposits (excluding MMDAs) $5,759
    Total time deposits $162,910
    Total time and savings deposits $332,693
    Noninterest-bearing deposits $38,863
    Interest-bearing deposits $332,693
    Retail deposits $330,260
    IRAs and Keogh plan accounts $9,454
    Brokered deposits $5,010
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $482,490
    Cash & Balances due from depository institutions $23,431
    Interest-bearing balances $20,649
    Total securities $21,582
    Federal funds sold & reverse repurchase $79
    Net loans and leases $415,928
    Loan and leases loss allowance $5,105
    Trading account assets $0
    Bank premises and fixed assets $5,171
    Other real estate owned $0
    Goodwill and other intangibles $3,395
    All other assets $12,904

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $482,489
    Total Liabilities $434,092
    Total deposits $371,556
    Interest-bearing deposits $332,693
    Deposits held in domestic offices $371,556
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $61,000
    Subordinated debt $0
    All other liabilities $1,536

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $415,928
    Loan and leases loss allowance $5,105
    Total loans and leases (domestic) $421,033
    All real estate loans $323,010
    Real estate loans in domestic offices $323,010
    Construction and development loans $46,577
    Residential 1-4 family construction $14,885
    Other construction, all land development and other land $31,692
    Loans secured by nonfarm nonresidential properties $120,720
    Nonfarm nonresidential secured by owner-occupied properties $31,235
    Commercial real estate & other non-farm, non-residential $89,485
    Multifamily residential real estate $38,306
    1-4 family residential loans $111,855
    Farmland loans $5,552
    Loans held in foreign offices $0
    Farm loans $160
    Commercial and industrial loans $89,923
    To non-U.S. addressees $0
    Loans to individuals $207
    Credit card loans $0
    Related Plans $9
    Consumer Auto Loans $43
    Other loans to individuals $155
    All other loans & leases $7,733
    Loans to foreign governments and official institutions $0
    Other loans $7,733
    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 $243
    Non 1-4 family restructured loans & leases $44
    Total loans and leases (foreign) $0

    American Bank of Missouri had $415,928,000 of loans outstanding in 2020. $323,010,000 of loans were in real estate loans. $46,577,000 of loans were in development loans. $38,306,000 of loans were in multifamily mortgage loans. $111,855,000 of loans were in 1-4 family mortgage loans. $160,000 of loans were in farm loans. $0 of loans were in credit card loans. $43,000 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 125 $43,215 $345,720
    Nonfarm, nonresidential loans - <$100k 15 $820 $54,667
    Nonfarm, nonresidential loans - $100-250k 32 $4,748 $148,375
    Nonfarm, nonresidential loans - $250k-1MM 78 $37,647 $482,654
    Commercial & Industrial, US addressed loans - <$1MM 107 $36,139 $337,748
    Commercial & Industrial, US addressed loans - <$100k 40 $1,946 $48,650
    Commercial & Industrial, US addressed loans - $100-250k 36 $7,496 $208,222
    Commercial & Industrial, US addressed loans - $250k-1MM 31 $26,697 $861,194
    Farmland loans - <$1MM 6 $582 $97,000
    Farmland loans - <$100k 1 $61 $61,000
    Farmland loans - $100-250k 4 $449 $112,250
    Farmland loans - $250k-1MM 1 $72 $72,000
    Agriculture operations loans - <$1MM 5 $160 $32,000
    Agriculture operations loans - <$100k 4 $35 $8,750
    Agriculture operations loans - $100-250k 1 $125 $125,000