Amerant Bank National Association Mortgage Rates, Fees & Info
Coral Gables, FLLEI: UPMVBH3EU3LS6P1KR697
Tax ID: 59-1846933
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Mortgage Data
Bank Data
Review & Overview
Amerant Bank National Association is a smaller bank specializing in Other, Home Improvement, and Cash Out Refi loans. Amerant Bank National Association has a low ratio of conventional loans. Their top two markets are Miami and Houston .Amerant Bank National Association has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have relatively high rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 3.80% | 4/18/24 |
| 30 Year Conventional Purchase | 6.27% | 4/18/24 |
| 30 Year Conventional Refi | 6.27% | 4/18/24 |
| 30 Year Cash-out Refi | 6.27% | 4/18/24 |
| 30 Year FHA Purchase | 6.27% | 4/18/24 |
| 30 Year VA Purchase | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 5.68% | 4/18/24 |
| 15 Year Conventional Refi | 5.68% | 4/18/24 |
| 15 Year Cash-out Refi | 5.68% | 4/18/24 |
| 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. | ||
Amerant Bank National Association Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
86Origination Dollar Volume (All Markets)
$12,960,000Employee count
911Top 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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 66 | $10,850,000 | $164,394 | $0 | 4.89% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 20 | $2,110,000 | $105,500 | $0 | 4.71% |
Similar Lenders
We use machine learning to identify the top lenders compared against AMERANT BANK NATIONAL ASSOCIATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 83 | $12,745,000 | $153,554 | n/a | 4.83% |
| Conventional | 3 | $215,000 | $71,667 | $0 | 5.35% |
For 2018, Amerant Bank National Association's most frequently originated type of loan was HELOC, with 83 originations. Their 2nd most popular type was Conventional, with 3 originations.
Loan Reason
For 2018, Amerant Bank National Association's most frequently cited loan purpose was Other, with 34 originations. The 2nd most popular reason was Home Improvement, with 26 originations.
Loan Duration/Length
For 2018, Amerant Bank National Association's most frequently cited loan duration was 20 Year, with 70 originations. The 2nd most popular length was 30 Year, with 14 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 3 | $215,000 | $71,667 |
Amerant Bank National Association's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 67 | $9,915,000 | $147,985 |
| 5-6% | 16 | $2,630,000 | $164,375 |
| 6-7% | 3 | $415,000 | $138,333 |
During 2018, Amerant Bank National Association's average interest rate for loans was 5.70%, while their most frequently originated rate bucket for loans was 4-5%, with 67 originations.
Loan Sizing
2018 saw Amerant Bank National Association place emphasis on $100k-200k loans with 36 originations, totaling $5,350,000 in origination value.
Applicant Income
Amerant Bank National Association lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $150k-250k, with 16 originations.
Applicant Debt to Income Ratio
Amerant Bank National Association lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? 30-36%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications49.00%
Amerant Bank National Association has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination88.37%
Amerant Bank National Association has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 86 | $12,960,000 | $150,698 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 86 | $12,960,000 | $150,698 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERINATIONAL COMMUNITY SERVICES, INC. | Conventional home mortgage | Struggling to pay mortgage | 1 | 16.7% |
| AMERINATIONAL COMMUNITY SERVICES, INC. | Conventional home mortgage | Trouble during payment process | 1 | 16.7% |
| AMERINATIONAL COMMUNITY SERVICES, INC. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 16.7% |
| AMERINATIONAL COMMUNITY SERVICES, INC. | Other type of mortgage | Incorrect information on your report | 1 | 16.7% |
| AMERINATIONAL COMMUNITY SERVICES, INC. | Other type of mortgage | Struggling to pay mortgage | 1 | 16.7% |
| AMERINATIONAL COMMUNITY SERVICES, INC. | Other type of mortgage | Trouble during payment process | 1 | 16.7% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Mercantil Bank, National Association | 100 North Federal Hwy Fort Lauderdale, FL 33301 | Full Service B&M | $27,819 |
| Mercantil Bank, National Association | 10143 Louetta Road Houston, TX 77070 | Full Service B&M | $49,765 |
| Mercantil Bank, National Association | 11401 Nw 41st Street Doral, FL 33178 | Full Service B&M | $30,245 |
| Mercantil Bank, National Association | 11631 Southwest 88th Street Miami, FL 33176 | Full Service B&M | $99,613 |
| Mercantil Bank, National Association | 11701 West Okeechobee Road Hialeah, FL 33018 | Full Service B&M | $89,931 |
| Mercantil Bank, National Association | 11900 Biscayne Boulevard Miami, FL 33181 | Full Service B&M | $63,673 |
| Mercantil Bank, National Association | 12145 Fm 1960 Road West Houston, TX 77065 | Full Service B&M | $116,153 |
| Mercantil Bank, National Association | 1735 Research Forest Drive Shenandoah, TX 77380 | Full Service B&M | $64,786 |
| Mercantil Bank, National Association | 179 Hiatus Road Pembroke Pines, FL 33026 | Full Service B&M | $39,331 |
| Mercantil Bank, National Association | 220 Alhambra Circle Coral Gables, FL 33134 | Full Service B&M | $418,333 |
| Mercantil Bank, National Association | 220 Alhambra Circle Coral Gables, FL 33134 | Full Service B&M | $4,106,135 |
| Mercantil Bank, National Association | 2500 Nw 87th Avenue Doral, FL 33172 | Full Service B&M | $65,203 |
| Mercantil Bank, National Association | 2630 Weston Road Weston, FL 33331 | Full Service B&M | $93,235 |
| Mercantil Bank, National Association | 2863 South State Road 7 Wellington, FL 33414 | Full Service B&M | $123,613 |
| Mercantil Bank, National Association | 3001 Aventura Boulevard Aventura, FL 33180 | Full Service B&M | $183,480 |
| Mercantil Bank, National Association | 3200 South Shepherd Drive Houston, TX 77098 | Full Service B&M | $86,360 |
| Mercantil Bank, National Association | 330 Hwy 6 Sugar Land, TX 77478 | Full Service B&M | $113,420 |
| Mercantil Bank, National Association | 5897 San Felipe Street Houston, TX 77057 | Full Service B&M | $108,922 |
| Mercantil Bank, National Association | 750 Town And Country Boulevard, Suite 100 Houston, TX 77024 | Full Service B&M | $98,946 |
| Mercantil Bank, National Association | 800 West Cypress Creek Road Fort Lauderdale, FL 33309 | Full Service B&M | $80,882 |
| Mercantil Bank, National Association | 8017 N. University Drive Parkland, FL 33067 | Full Service B&M | $109,413 |
| Mercantil Bank, National Association | 9350 South Dixie Hwy Miami, FL 33156 | Full Service B&M | $135,063 |
| Mercantil Bank, National Association | Corner Of Coral Way & 70th Court Miami, FL 33155 | Full Service B&M | $95,561 |
For 2018, Amerant Bank National Association had 23 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $309,361 |
| Net interest income | $226,935 |
| Total noninterest income | $51,851 |
| Gross Fiduciary activities income | $2,645 |
| Service charges on deposit accounts | $16,781 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $32,425 |
| Pre-tax net operating income | $74,618 |
| Securities gains (or losses, -) | $-999 |
| Income before extraordinary items | $60,322 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $60,322 |
| Minority interest net income | $0 |
| Net income | $60,322 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $61,141 |
Amerant Bank National Association's gross interest income from loans was $309,361,000.
Amerant Bank National Association's net interest income from loans was $226,935,000.
Amerant Bank National Association's fee based income from loans was $16,781,000.
Amerant Bank National Association's net income from loans was $60,322,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $82,426 |
| Provision for credit losses | $375 |
| Total noninterest expense | $203,793 |
| Salaries and employee benefits | $141,801 |
| Premises and equipment expense | $21,969 |
| Additional noninterest expense | $40,023 |
| Applicable income taxes | $13,297 |
| Net charge-offs | $10,613 |
| Cash dividends | $47,500 |
Amerant Bank National Association's interest expense for loans was $82,426,000.
Amerant Bank National Association's payroll and benefits expense were $141,801,000.
Amerant Bank National Association's property, plant and equipment expenses $21,969,000.
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 | 1.0% |
| HELOC loans | 1.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 2.6% |
| Other individual loans | 0.0% |
| Auto loans | 1.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $6,067,500 |
| Deposits held in domestic offices | $6,067,500 |
| Deposits by Individuals, partnerships, and corporations | $6,061,552 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $0 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $5,948 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $196,228 |
| Demand deposits | $164,164 |
| Nontransaction accounts | $5,871,272 |
| Money market deposit accounts (MMDAs) | $3,093,388 |
| Other savings deposits (excluding MMDAs) | $390,752 |
| Total time deposits | $2,387,131 |
| Total time and savings deposits | $5,903,336 |
| Noninterest-bearing deposits | $768,822 |
| Interest-bearing deposits | $5,298,678 |
| Retail deposits | $4,738,545 |
| IRAs and Keogh plan accounts | $53,851 |
| Brokered deposits | $642,106 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $8,113,757 |
| Cash & Balances due from depository institutions | $85,710 |
| Interest-bearing balances | $64,824 |
| Total securities | $1,671,239 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $5,858,413 |
| Loan and leases loss allowance | $61,762 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $123,503 |
| Other real estate owned | $367 |
| Goodwill and other intangibles | $19,913 |
| All other assets | $354,612 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $8,113,757 |
| Total Liabilities | $7,290,722 |
| Total deposits | $6,067,500 |
| Interest-bearing deposits | $5,298,678 |
| Deposits held in domestic offices | $6,067,500 |
| % insured (estimated) | $79 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,166,000 |
| Subordinated debt | $0 |
| All other liabilities | $57,222 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $5,858,413 |
| Loan and leases loss allowance | $61,762 |
| Total loans and leases (domestic) | $5,920,175 |
| All real estate loans | $4,355,942 |
| Real estate loans in domestic offices | $4,355,942 |
| Construction and development loans | $326,644 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $326,644 |
| Loans secured by nonfarm nonresidential properties | $2,586,378 |
| Nonfarm nonresidential secured by owner-occupied properties | $777,022 |
| Commercial real estate & other non-farm, non-residential | $1,809,356 |
| Multifamily residential real estate | $909,439 |
| 1-4 family residential loans | $533,481 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $1,380,428 |
| To non-U.S. addressees | $69,159 |
| Loans to individuals | $113,842 |
| Credit card loans | $33,862 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,378 |
| Other loans to individuals | $78,602 |
| All other loans & leases | $69,963 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $998 |
| Loans to depository institutions and acceptances of other banks | $68,965 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $88,124 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
AMERANT BANK NATIONAL ASSOCIATION had $5,858,413,000 of loans outstanding in 2018. $4,355,942,000 of loans were in real estate loans. $326,644,000 of loans were in development loans. $909,439,000 of loans were in multifamily mortgage loans. $533,481,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $33,862,000 of loans were in credit card loans. $1,378,000 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 | 397 | $139,249 | $350,753 |
| Nonfarm, nonresidential loans - <$100k | 44 | $2,667 | $60,614 |
| Nonfarm, nonresidential loans - $100-250k | 111 | $18,007 | $162,225 |
| Nonfarm, nonresidential loans - $250k-1MM | 242 | $118,575 | $489,979 |
| Commercial & Industrial, US addressed loans - <$1MM | 926 | $152,081 | $164,234 |
| Commercial & Industrial, US addressed loans - <$100k | 341 | $16,830 | $49,355 |
| Commercial & Industrial, US addressed loans - $100-250k | 385 | $60,645 | $157,519 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 200 | $74,606 | $373,030 |