First American Bank And Trust Mortgage Rates, Fees & Info
Vacherie, LALEI: 549300Z78KW88BIQNR50
Tax ID: 72-0125095
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Mortgage Data
Bank 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. First American Bank And Trust has a low ratio of conventional loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Houma, Gulfport, and Hammond among others. We have data for 8 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
385Origination Dollar Volume (All Markets)
$89,875,000Employee count
229Top 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) | 207 | $39,645,000 | $191,522 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 91 | $24,635,000 | $270,714 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 70 | $15,690,000 | $224,143 | $4,193 | 4.85% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $5,655,000 | $1,885,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 10 | $3,400,000 | $340,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Morgan City, LA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 384 | $89,450,000 | $232,943 | $0 | 0.00% |
| Conventional | 1 | $425,000 | $425,000 | $4,193 | 4.85% |
For 2018, First American Bank And Trust's most frequently originated type of loan was Conventional, with 384 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
For 2018, First American Bank And Trust's most frequently cited loan purpose was Home Purchase, with 200 originations. The 2nd most popular reason was Refi, with 141 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 384 | $89,450,000 | $232,943 | $0 | 0.00% |
| 15 Year | 1 | $425,000 | $425,000 | $4,193 | 4.85% |
For 2018, First American Bank And Trust's most frequently cited loan duration was Other, with 384 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $4k-5k | 1 | $425,000 | $425,000 |
First American Bank And Trust's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $4k-5k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1 | $425,000 | $425,000 |
During 2018, First American Bank And Trust's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 1 originations.
Loan Sizing
2018 saw First American Bank And Trust place emphasis on $100,000 or less loans with 124 originations, totaling $6,690,000 in origination value.
Applicant Income
First American Bank And Trust lent most frequently to those with incomes in the $100k-150k range, with 85 originations. The second most popular income band? $150k-250k, with 57 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 384 | $89,450,000 | $232,943 | $0 | 0.00% |
| <20% | 1 | $425,000 | $425,000 | $4,193 | 4.85% |
First American Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 384 originations. The next most common DTI ratio? <20%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.19%
First American Bank And Trust has an average approval rate.
Pick Rate
Approvals leading to origination78.70%
First American Bank And Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 384 | $89,450,000 | $232,943 |
| NA | 1 | $425,000 | $425,000 |
Occupancy Type Mix
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 60-80% | 1 | $425,000 | $425,000 | $4,193 | 4.85% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST AMERICAN FINANCIAL CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 8.3% |
| FIRST AMERICAN FINANCIAL CORPORATION | Conventional home mortgage | Closing on a mortgage | 3 | 25.0% |
| 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% |
| FIRST AMERICAN FINANCIAL CORPORATION | Other type of mortgage | Trouble during payment process | 1 | 8.3% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First American Bank and Trust | 11 James Boulevard St. Rose, LA 70087 | Full Service B&M | $32,970 |
| First American Bank and Trust | 1116 Audubon Avenue Thibodaux, LA 70301 | Full Service B&M | $16,719 |
| First American Bank and Trust | 124 Belle Terre Drive Laplace, LA 70068 | Full Service B&M | $40,914 |
| First American Bank and Trust | 1249 St. Charles Street Houma, LA 70360 | Full Service B&M | $4,912 |
| First American Bank and Trust | 13039 Highway 73 Geismar, LA 70734 | Full Service B&M | $387 |
| First American Bank and Trust | 13355 Highway 90 Boutte, LA 70039 | Full Service B&M | $34,934 |
| First American Bank and Trust | 13919 River Road, Suite 100 Luling, LA 70070 | Full Service B&M | $47,705 |
| First American Bank and Trust | 1701 Manhattan Boulevard Harvey, LA 70058 | Full Service B&M | $15,642 |
| First American Bank and Trust | 17228 Highway 90 Des Allemands, LA 70030 | Full Service B&M | $11,210 |
| First American Bank and Trust | 1800 Southwest Railroad Avenue Hammond, LA 70403 | Full Service B&M | $17,444 |
| First American Bank and Trust | 1800 Veterans Boulevard Metairie, LA 70005 | Full Service B&M | $31,595 |
| First American Bank and Trust | 190 North Airline Highway Gramercy, LA 70052 | Full Service B&M | $40,049 |
| First American Bank and Trust | 19942 Highway 643 Vacherie, LA 70090 | Full Service B&M | $21,935 |
| First American Bank and Trust | 200 Marchand Drive Donaldsonville, LA 70346 | Full Service B&M | $27,224 |
| First American Bank and Trust | 2161 Highway 3125 Lutcher, LA 70071 | Full Service B&M | $71,911 |
| First American Bank and Trust | 2785 Hwy 20 Vacherie, LA 70090 | Full Service B&M | $158,427 |
| First American Bank and Trust | 3145 Williams Boulevard Kenner, LA 70065 | Full Service B&M | $31,802 |
| First American Bank and Trust | 3420 Highway 70 South Pierre Part, LA 70339 | Full Service B&M | $12,113 |
| First American Bank and Trust | 3620 Veterans Memorial Boulevard Metairie, LA 70002 | Full Service B&M | $19,110 |
| First American Bank and Trust | 404 North Burnside Gonzales, LA 70737 | Full Service B&M | $25,342 |
| First American Bank and Trust | 406 North Canal Boulevard Thibodaux, LA 70301 | Full Service B&M | $48,318 |
| First American Bank and Trust | 4360 Highway 22 Mandeville, LA 70471 | Full Service B&M | $8,135 |
| First American Bank and Trust | 4741 Louisiana Highway 1 Napoleonville, LA 70390 | Full Service B&M | $14,371 |
| First American Bank and Trust | 5412 Jones Creek Road Baton Rouge, LA 70817 | Full Service B&M | $11,172 |
| First American Bank and Trust | 903 First Street Norco, LA 70079 | Full Service B&M | $20,758 |
For 2018, First American Bank And Trust had 25 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $37,953 |
| Net interest income | $35,687 |
| Total noninterest income | $7,950 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $4,267 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,683 |
| Pre-tax net operating income | $16,520 |
| Securities gains (or losses, -) | $106 |
| Income before extraordinary items | $13,627 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $13,627 |
| Minority interest net income | $0 |
| Net income | $13,627 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $13,540 |
First American Bank And Trust's gross interest income from loans was $37,953,000.
First American Bank And Trust's net interest income from loans was $35,687,000.
First American Bank And Trust's fee based income from loans was $4,267,000.
First American Bank And Trust's net income from loans was $13,627,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,266 |
| Provision for credit losses | $0 |
| Total noninterest expense | $27,117 |
| Salaries and employee benefits | $17,461 |
| Premises and equipment expense | $4,264 |
| Additional noninterest expense | $5,392 |
| Applicable income taxes | $2,999 |
| Net charge-offs | $-409 |
| Cash dividends | $3,600 |
First American Bank And Trust's interest expense for loans was $2,266,000.
First American Bank And Trust's payroll and benefits expense were $17,461,000.
First American Bank And Trust's property, plant and equipment expenses $4,264,000.
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 | 0.1% |
| 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 | $773,113 |
| Deposits held in domestic offices | $773,113 |
| Deposits by Individuals, partnerships, and corporations | $717,473 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $54,207 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,433 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $60,392 |
| Demand deposits | $53,710 |
| Nontransaction accounts | $712,721 |
| Money market deposit accounts (MMDAs) | $148,944 |
| Other savings deposits (excluding MMDAs) | $393,910 |
| Total time deposits | $169,867 |
| Total time and savings deposits | $719,403 |
| Noninterest-bearing deposits | $287,136 |
| Interest-bearing deposits | $485,977 |
| Retail deposits | $747,091 |
| IRAs and Keogh plan accounts | $32,544 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $900,079 |
| Cash & Balances due from depository institutions | $52,147 |
| Interest-bearing balances | $32,007 |
| Total securities | $225,755 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $588,373 |
| Loan and leases loss allowance | $12,726 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $24,384 |
| Other real estate owned | $458 |
| Goodwill and other intangibles | $0 |
| All other assets | $8,962 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $900,079 |
| Total Liabilities | $774,718 |
| Total deposits | $773,113 |
| Interest-bearing deposits | $485,977 |
| Deposits held in domestic offices | $773,113 |
| % insured (estimated) | $80 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $1,605 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $588,373 |
| Loan and leases loss allowance | $12,726 |
| Total loans and leases (domestic) | $601,099 |
| All real estate loans | $547,056 |
| Real estate loans in domestic offices | $547,056 |
| Construction and development loans | $73,291 |
| Residential 1-4 family construction | $25,695 |
| Other construction, all land development and other land | $47,596 |
| Loans secured by nonfarm nonresidential properties | $184,040 |
| Nonfarm nonresidential secured by owner-occupied properties | $130,423 |
| Commercial real estate & other non-farm, non-residential | $53,617 |
| Multifamily residential real estate | $48,038 |
| 1-4 family residential loans | $240,936 |
| Farmland loans | $751 |
| Loans held in foreign offices | $0 |
| Farm loans | $396 |
| Commercial and industrial loans | $38,453 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $13,211 |
| Credit card loans | $2,308 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,353 |
| Other loans to individuals | $9,550 |
| All other loans & leases | $1,983 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,983 |
| 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 | $7,623 |
| Non 1-4 family restructured loans & leases | $5,279 |
| Total loans and leases (foreign) | $0 |
First American Bank and Trust had $588,373,000 of loans outstanding in 2018. $547,056,000 of loans were in real estate loans. $73,291,000 of loans were in development loans. $48,038,000 of loans were in multifamily mortgage loans. $240,936,000 of loans were in 1-4 family mortgage loans. $396,000 of loans were in farm loans. $2,308,000 of loans were in credit card loans. $1,353,000 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 | 403 | $86,641 | $214,990 |
| Nonfarm, nonresidential loans - <$100k | 94 | $3,063 | $32,585 |
| Nonfarm, nonresidential loans - $100-250k | 125 | $14,600 | $116,800 |
| Nonfarm, nonresidential loans - $250k-1MM | 184 | $68,978 | $374,880 |
| Commercial & Industrial, US addressed loans - <$1MM | 229 | $19,281 | $84,197 |
| Commercial & Industrial, US addressed loans - <$100k | 171 | $3,986 | $23,310 |
| Commercial & Industrial, US addressed loans - $100-250k | 30 | $2,767 | $92,233 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 28 | $12,528 | $447,429 |
| Farmland loans - <$1MM | 6 | $387 | $64,500 |
| Farmland loans - <$100k | 4 | $105 | $26,250 |
| Farmland loans - $100-250k | 1 | $113 | $113,000 |
| Farmland loans - $250k-1MM | 1 | $169 | $169,000 |
| Agriculture operations loans - <$1MM | 2 | $31 | $15,500 |
| Agriculture operations loans - <$100k | 1 | $18 | $18,000 |
| Agriculture operations loans - $100-250k | 1 | $13 | $13,000 |