First American Bank And Trust Mortgage Rates, Fees & Info

Vacherie, LA

LEI: 549300Z78KW88BIQNR50

Tax ID: 72-0125095

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

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Mortgage Data

Review & Overview

First American Bank And Trust is a smaller bank specializing in Home Purchase and Refi loans. First American Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Houma, Hammond, and Opelousas among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

First American Bank And Trust 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.

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Originations

549

Origination Dollar Volume (All Markets)

$171,925,000

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
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 302 $85,010,000 $281,490 $0 0.00%
BATON ROUGE, LA (FHA|USDA|VA) 115 $35,625,000 $309,783 $0 0.00%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 98 $26,790,000 $273,367 $0 0.00%
HAMMOND, LA (FHA|USDA|VA) 23 $18,715,000 $813,696 $0 0.00%
Opelousas, LA (FHA|USDA|VA) 3 $3,005,000 $1,001,667 $0 0.00%
LAFAYETTE, LA (FHA|USDA|VA) 2 $1,180,000 $590,000 $0 0.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $1,170,000 $585,000 $0 0.00%
Brookhaven, MS (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Morgan City, LA (FHA|USDA|VA) 2 $180,000 $90,000 $0 0.00%
Laurel, MS (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
First American Bank And Trust's top markets include New Orleans, Baton Rouge, Houma, Hammond, and Opelousas among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 549 $171,925,000 $313,160 $0 0.00%

    For 2022, First American Bank And Trust's most frequently originated type of loan was Conventional, with 549 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 346 $128,950,000 $372,688 $0 0.00%
    Refi 153 $37,735,000 $246,634 $0 0.00%
    Home Improvement 33 $3,145,000 $95,303 $0 0.00%
    Other 16 $2,000,000 $125,000 $0 0.00%
    Cash Out Refi 1 $95,000 $95,000 $0 0.00%

    For 2022, First American Bank And Trust's most frequently cited loan purpose was Home Purchase, with 346 originations. The 2nd most popular reason was Refi, with 153 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 549 $171,925,000 $313,160 $0 0.00%

    For 2022, First American Bank And Trust's most frequently cited loan duration was Other, with 549 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 160 $47,380,000 $296,125 $0 0.00%
    $100,000 or less 136 $7,700,000 $56,618 $0 0.00%
    $100k-200k 123 $17,865,000 $145,244 $0 0.00%
    $400k-600k 76 $35,790,000 $470,921 $0 0.00%
    $600k-1MM 37 $26,985,000 $729,324 $0 0.00%
    $1MM+ 17 $36,205,000 $2,129,706 $0 0.00%

    2022 saw First American Bank And Trust place emphasis on $200k-400k loans with 160 originations, totaling $47,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 110 $28,180,000 $256,182 $0 0.00%
    $150k-250k 94 $31,570,000 $335,851 $0 0.00%
    $75k-100k 54 $12,030,000 $222,778 $0 0.00%
    $250k+ 52 $27,980,000 $538,077 $0 0.00%
    $50k-75k 48 $7,290,000 $151,875 $0 0.00%
    $50k or less 45 $3,975,000 $88,333 $0 0.00%

    First American Bank And Trust lent most frequently to those with incomes in the $100k-150k range, with 110 originations. The second most popular income band? $150k-250k, with 94 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 549 $171,925,000 $313,160 $0 0.00%

    First American Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 549 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 326 $89,860,000 $275,644 $0 0.00%
    Not applicable 139 $59,385,000 $427,230 $0 0.00%
    Black 58 $14,300,000 $246,552 $0 0.00%
    Not provided 14 $4,330,000 $309,286 $0 0.00%
    Asian 8 $2,830,000 $353,750 $0 0.00%
    American Indian 2 $760,000 $380,000 $0 0.00%
    Asian Indian 2 $460,000 $230,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.29%

    First American Bank And Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.06%

    First American Bank And Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 549 $171,925,000 $313,160

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    549 $171,925,000 $313,160

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%