American National Bank Mortgage Rates, Fees & Info
Omaha, NELEI: VEQ70DCTAI4TBBHPYI39
Tax ID: 47-0486526
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Bank Data
Review & Overview
American National Bank is a smaller bank specializing in Home Purchase loans. American National Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Omaha, Minneapolis, Lincoln, Kansas City, and Fremont among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)American National Bank 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 National Bank 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/18/24 |
| 30 Year Conventional Purchase | 5.38% | 4/18/24 |
| 30 Year Conventional Refi | 6.95% | 4/18/24 |
| 30 Year Cash-out Refi | 7.22% | 4/18/24 |
| 30 Year FHA Purchase | 7.38% | 4/18/24 |
| 30 Year FHA Refi | 7.35% | 4/18/24 |
| 30 Year VA Purchase | 6.44% | 4/18/24 |
| 30 Year USDA Purchase | 6.04% | 4/18/24 |
| 15 Year Conventional Purchase | 6.33% | 4/18/24 |
| 15 Year Conventional Refi | 6.59% | 4/18/24 |
| 15 Year Cash-out Refi | 6.59% | 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. | ||
American National Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
865Origination Dollar Volume (All Markets)
$176,785,000Employee count
519Awards
American National Bank - 2019
American National Bank is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 695 | $130,925,000 | $188,381 | $2,481 | 4.20% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 75 | $28,455,000 | $379,400 | $2,106 | 5.32% |
| Outside of Metro Areas | 46 | $5,080,000 | $110,435 | $2,580 | 4.18% |
| LINCOLN, NE (FHA|USDA|VA) | 14 | $2,420,000 | $172,857 | $3,226 | 4.41% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $2,325 | 4.84% |
| Fremont, NE (FHA|USDA|VA) | 6 | $1,200,000 | $200,000 | $1,511 | 4.15% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $0 | 4.50% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $2,804 | 4.25% |
| Spirit Lake, IA (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $3,025 | 3.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 4.98% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,493 | 3.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,656 | 4.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,070 | 3.88% |
| Heber, UT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,364 | 4.38% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,632 | 4.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 4.00% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,518 | 4.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,546 | 4.63% |
| Norfolk, NE (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,140 | 4.75% |
| Hastings, NE (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,148 | 3.75% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,696 | 3.99% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,260 | 4.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,995 | 4.00% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,571 | 3.63% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.88% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,474 | 4.38% |
| Beatrice, NE (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,117 | 4.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against American National Bank 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
For 2019, American National Bank's most frequently originated type of loan was Conventional, with 673 originations. Their 2nd most popular type was FHA, with 119 originations.
Loan Reason
For 2019, American National Bank's most frequently cited loan purpose was Home Purchase, with 642 originations. The 2nd most popular reason was Refi, with 99 originations.
Loan Duration/Length
For 2019, American National Bank's most frequently cited loan duration was 30 Year, with 643 originations. The 2nd most popular length was 10 Year, with 62 originations.
Origination Fees/Closing Costs
American National Bank's average total fees were $2,857, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 628 originations.
Interest Rates
During 2019, American National Bank's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 4-5%, with 317 originations.
Loan Sizing
2019 saw American National Bank place emphasis on $100k-200k loans with 311 originations, totaling $45,805,000 in origination value.
Applicant Income
American National Bank lent most frequently to those with incomes in the $50k-75k range, with 192 originations. The second most popular income band? $50k or less, with 187 originations.
Applicant Debt to Income Ratio
American National Bank lent most frequently to those with DTI ratios of 20-30%, with 166 originations. The next most common DTI ratio? 30-36%, with 156 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.04%
American National Bank has an average approval rate.
Pick Rate
Approvals leading to origination77.92%
American National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 865 | $176,785,000 | $204,376 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN FINANCING CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| American National Bank | 101 Old Lincoln Highway Crescent, IA 51526 | Full Service B&M | $41,762 |
| American National Bank | 1100 East Fourth Avenue Shakopee, MN 55379 | Full Service B&M | $62,498 |
| American National Bank | 1155 Hadley Avenue North Oakdale, MN 55128 | Full Service B&M | $52,881 |
| American National Bank | 1204 Locust Street Carter Lake, IA 51510 | Full Service B&M | $20,858 |
| American National Bank | 12048 Giles Road La Vista, NE 68128 | Full Service B&M | $65,592 |
| American National Bank | 13944 S Plaza Omaha, NE 68137 | Full Service B&M | $33,928 |
| American National Bank | 1413 South Washington Street Papillion, NE 68046 | Limited, Mobile/Seasonal Office | $0 |
| American National Bank | 310 Broadway Tecumseh, NE 68450 | Full Service B&M | $36,687 |
| American National Bank | 1413 South Washington Street Papillion, NE 68046 | Full Service B&M | $54,233 |
| American National Bank | 14545 West Center Road Omaha, NE 68144 | Full Service B&M | $61,946 |
| American National Bank | 1600 West Broadway Council Bluffs, IA 51501 | Full Service B&M | $20,326 |
| American National Bank | 1740 North Rice Street Maplewood, MN 55113 | Full Service B&M | $49,595 |
| American National Bank | 1818 Harlan Street Falls City, NE 68355 | Full Service B&M | $14,199 |
| American National Bank | 201 Bennett Avenue Council Bluffs, IA 51503 | Full Service B&M | $131,905 |
| American National Bank | 20412 Veterans Drive Elkhorn, NE 68022 | Full Service B&M | $49,992 |
| American National Bank | 20635 Highway 370 Gretna, NE 68028 | Full Service B&M | $49,378 |
| American National Bank | 2650 West Broadway Council Bluffs, IA 51501 | Full Service B&M | $31,724 |
| American National Bank | 2711 N.E. Highway 10 Mounds View, MN 55112 | Full Service B&M | $89,545 |
| American National Bank | 3022 Willit Street Omaha, NE 68112 | Full Service B&M | $62,604 |
| American National Bank | 304 West Erie Street Missouri Valley, IA 51555 | Full Service B&M | $47,231 |
| American National Bank | 3147 Ames Avenue Omaha, NE 68111 | Full Service B&M | $86,239 |
| American National Bank | 333 West Broadway Council Bluffs, IA 51503 | Full Service B&M | $137,358 |
| American National Bank | 363 Main Street Elk Creek, NE 68348 | Full Service B&M | $4,383 |
| American National Bank | 3707 N 144th St Omaha, NE 68116 | Full Service B&M | $192,225 |
| American National Bank | 3801 Vermaas Place Lincoln, NE 68502 | Full Service B&M | $40,186 |
| American National Bank | 4400 W 78th St Ste 100 Bloomington, MN 55435 | Full Service B&M | $80,673 |
| American National Bank | 4521 Leavenworth St Suite 6 Omaha, NE 68106 | Full Service Retail | $85,868 |
| American National Bank | 600 Fifth Street Fairbury, NE 68352 | Full Service B&M | $40,421 |
| American National Bank | 663 University Avenue Saint Paul, MN 55104 | Full Service B&M | $187,043 |
| American National Bank | 707 4th Street Humboldt, NE 68376 | Full Service B&M | $26,473 |
| American National Bank | 7921 Dodge Street Omaha, NE 68114 | Full Service B&M | $52,657 |
| American National Bank | 8004 South 84th Street La Vista, NE 68128 | Full Service B&M | $33,716 |
| American National Bank | 805 Galvin Road South Bellevue, NE 68005 | Full Service B&M | $59,039 |
| American National Bank | 8155 L Street Ralston, NE 68127 | Full Service B&M | $49,860 |
| American National Bank | 8990 West Dodge Road Omaha, NE 68114 | Limited, Mobile/Seasonal Office | $0 |
| American National Bank | 8990 West Dodge Road Omaha, NE 68114 | Full Service B&M | $590,866 |
| American National Bank | 9009 Maple Street Omaha, NE 68134 | Full Service B&M | $40,922 |
| American National Bank | 903 Washington Avenue South Minneapolis, MN 55415 | Full Service B&M | $202,833 |
| American National Bank | 920 Central Avenue Nebraska City, NE 68410 | Full Service B&M | $37,276 |
For 2019, American National Bank had 39 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $169,909 |
| Net interest income | $133,465 |
| Total noninterest income | $19,320 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $6,003 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $13,317 |
| Pre-tax net operating income | $61,650 |
| Securities gains (or losses, -) | $-385 |
| Income before extraordinary items | $60,014 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $60,014 |
| Minority interest net income | $0 |
| Net income | $60,014 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $60,391 |
American National Bank's gross interest income from loans was $169,909,000.
American National Bank's net interest income from loans was $133,465,000.
American National Bank's fee based income from loans was $6,003,000.
American National Bank's net income from loans was $60,014,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $36,444 |
| Provision for credit losses | $4,500 |
| Total noninterest expense | $86,635 |
| Salaries and employee benefits | $54,665 |
| Premises and equipment expense | $8,452 |
| Additional noninterest expense | $23,518 |
| Applicable income taxes | $1,251 |
| Net charge-offs | $2,207 |
| Cash dividends | $35,247 |
American National Bank's interest expense for loans was $36,444,000.
American National Bank's payroll and benefits expense were $54,665,000.
American National Bank's property, plant and equipment expenses $8,452,000.
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 | 1.0% |
| 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 | 1.9% |
| 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 | $3,176,811 |
| Deposits held in domestic offices | $3,176,811 |
| Deposits by Individuals, partnerships, and corporations | $2,816,418 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $250,205 |
| Deposits by Commercial banks and other depository institutions in U.S. | $110,188 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $358,747 |
| Demand deposits | $310,745 |
| Nontransaction accounts | $2,818,064 |
| Money market deposit accounts (MMDAs) | $956,364 |
| Other savings deposits (excluding MMDAs) | $1,424,868 |
| Total time deposits | $436,832 |
| Total time and savings deposits | $2,866,066 |
| Noninterest-bearing deposits | $775,679 |
| Interest-bearing deposits | $2,401,132 |
| Retail deposits | $2,849,547 |
| IRAs and Keogh plan accounts | $67,768 |
| Brokered deposits | $205,711 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $4,043,203 |
| Cash & Balances due from depository institutions | $189,859 |
| Interest-bearing balances | $129,202 |
| Total securities | $679,961 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $3,031,198 |
| Loan and leases loss allowance | $40,140 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $36,226 |
| Other real estate owned | $1,079 |
| Goodwill and other intangibles | $31,780 |
| All other assets | $73,100 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $4,043,203 |
| Total Liabilities | $3,641,474 |
| Total deposits | $3,176,811 |
| Interest-bearing deposits | $2,401,132 |
| Deposits held in domestic offices | $3,176,811 |
| % insured (estimated) | $62 |
| Federal funds purchased and repurchase agreements | $22,630 |
| Trading liabilities | $0 |
| Other borrowed funds | $410,477 |
| Subordinated debt | $0 |
| All other liabilities | $31,556 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $3,031,198 |
| Loan and leases loss allowance | $40,140 |
| Total loans and leases (domestic) | $3,071,338 |
| All real estate loans | $1,673,168 |
| Real estate loans in domestic offices | $1,673,168 |
| Construction and development loans | $279,377 |
| Residential 1-4 family construction | $33,319 |
| Other construction, all land development and other land | $246,058 |
| Loans secured by nonfarm nonresidential properties | $869,114 |
| Nonfarm nonresidential secured by owner-occupied properties | $402,818 |
| Commercial real estate & other non-farm, non-residential | $466,296 |
| Multifamily residential real estate | $160,655 |
| 1-4 family residential loans | $318,573 |
| Farmland loans | $45,449 |
| Loans held in foreign offices | $0 |
| Farm loans | $36,470 |
| Commercial and industrial loans | $601,725 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $733,828 |
| Credit card loans | $4,871 |
| Related Plans | $10,540 |
| Consumer Auto Loans | $681,800 |
| Other loans to individuals | $36,617 |
| All other loans & leases | $26,147 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $7,508 |
| 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 | $10,370 |
| Non 1-4 family restructured loans & leases | $8,570 |
| Total loans and leases (foreign) | $0 |
American National Bank had $3,031,198,000 of loans outstanding in 2019. $1,673,168,000 of loans were in real estate loans. $279,377,000 of loans were in development loans. $160,655,000 of loans were in multifamily mortgage loans. $318,573,000 of loans were in 1-4 family mortgage loans. $36,470,000 of loans were in farm loans. $4,871,000 of loans were in credit card loans. $681,800,000 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 | 571 | $145,950 | $255,604 |
| Nonfarm, nonresidential loans - <$100k | 96 | $6,006 | $62,563 |
| Nonfarm, nonresidential loans - $100-250k | 184 | $22,981 | $124,897 |
| Nonfarm, nonresidential loans - $250k-1MM | 291 | $116,963 | $401,935 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,912 | $277,742 | $145,263 |
| Commercial & Industrial, US addressed loans - <$100k | 779 | $24,865 | $31,919 |
| Commercial & Industrial, US addressed loans - $100-250k | 527 | $52,089 | $98,841 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 606 | $200,788 | $331,333 |
| Farmland loans - <$1MM | 189 | $25,940 | $137,249 |
| Farmland loans - <$100k | 59 | $2,321 | $39,339 |
| Farmland loans - $100-250k | 73 | $9,216 | $126,247 |
| Farmland loans - $250k-1MM | 57 | $14,403 | $252,684 |
| Agriculture operations loans - <$1MM | 331 | $23,907 | $72,227 |
| Agriculture operations loans - <$100k | 225 | $6,601 | $29,338 |
| Agriculture operations loans - $100-250k | 70 | $8,586 | $122,657 |
| Agriculture operations loans - $250k-1MM | 36 | $8,720 | $242,222 |