First American Bank Mortgage Rates, Fees & Info

Elk Grove Village, IL

LEI: XC7Z0BA39TU7L1AKOJ12

Tax ID: 36-1078850

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Mortgage Data

Bank Data

Review & Overview

First American Bank is a smaller bank specializing in Refi and Home Purchase loans. First American Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Miami, Kankakee, Naples, and Boston among others. We have data for 53 markets. (Some data included below & more in-depth data is available with an active subscription.)

First American 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. First American 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.

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
Home Equity Line of Credit (HELOC) 6.27% 3/28/24
30 Year Conventional Purchase 6.68% 3/28/24
30 Year Conventional Refi 6.47% 3/28/24
30 Year Cash-out Refi 6.68% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
30 Year FHA Refi 6.27% 3/28/24
30 Year VA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 6.18% 3/28/24
15 Year Conventional Refi 5.96% 3/28/24
15 Year Cash-out Refi 5.96% 3/28/24
15 Year FHA Refi 5.68% 3/28/24
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.

First American Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from First American Bank. 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

2,087

Origination Dollar Volume (All Markets)

$296,845,000

Employee count

727

Awards

First American Bank 30 Year Conventional Loans silver First American Bank 30 Year Conventional Loans gold
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
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1,867 $262,925,000 $140,828 $1,721 4.77%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 48 $9,860,000 $205,417 $2,979 5.18%
KANKAKEE, IL (FHA|USDA|VA) 61 $4,915,000 $80,574 $1,399 4.53%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 10 $2,310,000 $231,000 $3,825 4.83%
Outside of Metro Areas 12 $1,810,000 $150,833 $1,912 4.59%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $1,265,000 $1,265,000 $5,607 3.25%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $1,100,000 $550,000 $3,623 3.63%
Key West, FL (FHA|USDA|VA) 2 $1,060,000 $530,000 $11,010 4.18%
ROCKFORD, IL (FHA|USDA|VA) 10 $900,000 $90,000 $1,832 4.24%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $850,000 $141,667 $1,383 4.98%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $850,000 $425,000 $4,518 3.75%
Whitewater, WI (FHA|USDA|VA) 3 $675,000 $225,000 $2,569 4.87%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $625,000 $125,000 $2,083 5.03%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $605,000 $605,000 $5,183 3.38%
NILES, MI (FHA|USDA|VA) 5 $495,000 $99,000 $2,520 4.86%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 3 $455,000 $151,667 $2,436 4.21%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $440,000 $220,000 $2,586 5.12%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $400,000 $200,000 $2,775 4.19%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $385,000 $128,333 $3,327 5.02%
MEDFORD, OR (FHA|USDA|VA) 1 $305,000 $305,000 $2,885 4.00%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 2 $280,000 $140,000 $2,072 3.50%
Menomonie, WI (FHA|USDA|VA) 1 $265,000 $265,000 $2,062 3.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $260,000 $130,000 $0 4.91%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $240,000 $120,000 $0 5.20%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $240,000 $120,000 $0 5.48%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $235,000 $235,000 $0 5.38%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,010 2.88%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $215,000 $215,000 $3,455 4.75%
RACINE, WI (FHA|USDA|VA) 4 $210,000 $52,500 $1,049 4.86%
Pontiac, IL (FHA|USDA|VA) 1 $205,000 $205,000 $3,228 3.88%
MIDLAND, MI (FHA|USDA|VA) 1 $185,000 $185,000 $2,474 5.00%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $185,000 $185,000 $2,997 3.13%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,840 3.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.75%
Heber, UT (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $135,000 $135,000 $2,931 3.38%
TUCSON, AZ (FHA|USDA|VA) 1 $125,000 $125,000 $2,539 3.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $115,000 $115,000 $2,649 4.00%
FRESNO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $235 5.75%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,376 5.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,858 3.25%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $3,125 3.13%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.45%
Houghton, MI (FHA|USDA|VA) 1 $95,000 $95,000 $1,983 3.75%
Paducah, KY-IL (FHA|USDA|VA) 1 $75,000 $75,000 $1,761 4.00%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.74%
Ottawa, IL (FHA|USDA|VA) 2 $60,000 $30,000 $105 5.37%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.88%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.20%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.45%
PINE BLUFF, AR (FHA|USDA|VA) 1 $35,000 $35,000 $1,310 5.88%
Freeport, IL (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.20%
Dixon, IL (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.49%
First American Bank's top markets include Chicago, Miami, Kankakee, Naples, and Boston among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,228 $216,340,000 $176,173 $1,773 4.33%
    HELOC 859 $80,505,000 $93,719 n/a 5.38%

    For 2019, First American Bank's most frequently originated type of loan was Conventional, with 1,228 originations. Their 2nd most popular type was HELOC, with 859 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 717 $113,365,000 $158,110 $1,450 4.49%
    Home Improvement 465 $32,445,000 $69,774 $10 5.46%
    Other 361 $23,915,000 $66,247 $34 5.34%
    Home Purchase 288 $79,840,000 $277,222 $3,964 4.31%
    Cash Out Refi 256 $47,280,000 $184,688 $2,158 3.97%

    For 2019, First American Bank's most frequently cited loan purpose was Refi, with 717 originations. The 2nd most popular reason was Home Improvement, with 465 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 1,097 $94,505,000 $86,149 $308 5.35%
    30 Year 435 $102,005,000 $234,494 $2,855 4.11%
    15 Year 279 $46,925,000 $168,190 $2,300 3.56%
    5 Year 100 $10,030,000 $100,300 $17 5.02%
    20 Year 92 $20,770,000 $225,761 $2,195 3.96%
    Other 75 $22,125,000 $295,000 $175 5.02%
    3 Year 9 $485,000 $53,889 $0 4.83%

    For 2019, First American Bank's most frequently cited loan duration was 10 Year, with 1,097 originations. The 2nd most popular length was 30 Year, with 435 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 786 $108,200,000 $137,659
    $1k-2k 252 $43,390,000 $172,183
    $2k-3k 22 $6,850,000 $311,364
    $3k-4k 8 $3,240,000 $405,000
    $4k-5k 2 $880,000 $440,000
    $5k+ 1 $465,000 $465,000

    First American Bank's average total fees were $2,855, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 786 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 793 $72,005,000 $90,801
    4-5% 599 $89,535,000 $149,474
    3-4% 590 $128,630,000 $218,017
    6-7% 53 $2,075,000 $39,151
    7-8% 26 $710,000 $27,308
    2.5-3% 25 $3,745,000 $149,800
    <2.5% 1 $145,000 $145,000

    During 2019, First American Bank's average interest rate for loans was 4.11%, while their most frequently originated rate bucket for loans was 5-6%, with 793 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 979 $46,545,000 $47,543 $589 5.22%
    $100k-200k 674 $91,760,000 $136,142 $2,350 4.44%
    $200k-400k 341 $92,025,000 $269,868 $2,560 4.24%
    $400k-600k 60 $27,490,000 $458,167 $3,360 4.24%
    $600k-1MM 23 $17,505,000 $761,087 $4,613 4.23%
    $1MM+ 10 $21,520,000 $2,152,000 $7,713 3.83%

    2019 saw First American Bank place emphasis on $100,000 or less loans with 979 originations, totaling $46,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 473 $58,405,000 $123,478 $1,700 4.80%
    $50k-75k 406 $39,900,000 $98,276 $1,672 4.78%
    $75k-100k 353 $39,705,000 $112,479 $1,822 4.76%
    $150k-250k 326 $50,230,000 $154,080 $1,665 4.88%
    $50k or less 288 $23,900,000 $82,986 $1,700 4.64%
    $250k+ 157 $41,075,000 $261,624 $2,668 4.82%

    First American Bank lent most frequently to those with incomes in the $100k-150k range, with 473 originations. The second most popular income band? $50k-75k, with 406 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 462 $57,680,000 $124,848 $1,780 4.73%
    30-36% 411 $49,455,000 $120,328 $1,581 4.87%
    45% 161 $17,965,000 $111,584 $1,741 5.02%
    <20% 156 $21,400,000 $137,179 $1,643 4.62%
    40% 110 $11,860,000 $107,818 $1,292 4.98%
    39% 92 $10,570,000 $114,891 $1,444 4.96%
    44% 83 $11,955,000 $144,036 $2,155 4.83%
    38% 78 $8,470,000 $108,590 $1,741 4.88%
    36% 78 $7,050,000 $90,385 $1,429 4.87%
    43% 69 $10,085,000 $146,159 $2,005 4.44%
    37% 68 $8,010,000 $117,794 $1,326 5.13%
    41% 65 $10,305,000 $158,538 $1,933 4.53%
    42% 53 $9,255,000 $174,623 $2,173 4.60%
    46% 30 $4,630,000 $154,333 $2,108 4.20%
    49% 29 $4,905,000 $169,138 $2,720 4.06%
    48% 23 $5,375,000 $233,696 $3,053 4.23%
    50-60% 23 $2,875,000 $125,000 $1,995 4.29%
    47% 22 $4,220,000 $191,818 $2,617 3.96%
    >60% 9 $475,000 $52,778 $268 5.59%

    First American Bank lent most frequently to those with DTI ratios of 20-30%, with 462 originations. The next most common DTI ratio? 30-36%, with 411 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,724 $214,840,000 $124,617 $1,711 4.80%
    Not applicable 52 $35,060,000 $674,231 $0 4.46%
    Not provided 109 $20,055,000 $183,991 $2,411 4.41%
    Asian 103 $15,125,000 $146,845 $2,185 4.55%
    Black 76 $7,350,000 $96,711 $1,438 5.03%
    Asian Indian 8 $1,810,000 $226,250 $1,514 4.59%
    Other Asian 5 $1,255,000 $251,000 $4,622 4.73%
    Filipino 3 $475,000 $158,333 $0 4.58%
    Chinese 1 $385,000 $385,000 $2,254 3.38%
    American Indian 4 $240,000 $60,000 $0 5.19%
    Korean 1 $145,000 $145,000 $2,138 3.25%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    71.15%

    First American Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    70.20%

    First American Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,087 $296,845,000 $142,235

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 48 $37,470,000 $780,625
    Single Family (1-4 Units):Site-Built 2,039 $259,375,000 $127,207

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 461 $47,005,000 $101,963 $1,266 5.01%
    40-60% 323 $58,775,000 $181,966 $2,156 4.28%
    60-80% 493 $124,815,000 $253,174 $2,482 4.15%
    80-100% 157 $34,685,000 $220,924 $3,032 4.20%
    Under 20% 653 $31,565,000 $48,338 $113 5.42%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    First American Solutions, LLC VA mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First American Bank 101 Meadowview Center Kankakee, IL 60901 Full Service B&M $80,636
    First American Bank 11821 S. Western Avenue Chicago, IL 60643 Full Service B&M $9,036
    First American Bank 1241 S. Wabash Avenue Chicago, IL 60605 Full Service B&M $14,119
    First American Bank 1290 W. Boughton Road Bolingbrook, IL 60440 Full Service B&M $40,074
    First American Bank 1345 West Diversey Chicago, IL 60614 Full Service B&M $39,497
    First American Bank 1350 22nd Avenue Kenosha, WI 53140 Full Service B&M $46,985
    First American Bank 14245 South La Grange Road Orland Park, IL 60462 Full Service Retail $25,428
    First American Bank 1430 Golf Road Rolling Meadows, IL 60008 Full Service B&M $20,287
    First American Bank 14741 Founders Crossing Homer Glen, IL 60491 Full Service B&M $24,022
    First American Bank 15 Riverside Road Riverside, IL 60546 Full Service B&M $114,885
    First American Bank 1780 West Fullerton Avenue Addison, IL 60101 Full Service B&M $62,754
    First American Bank 1789 South Randall Road Geneva, IL 60134 Full Service B&M $107,228
    First American Bank 1818 West Jefferson Street Joliet, IL 60434 Full Service B&M $65,250
    First American Bank 1865 South Cedar Lake Road Round Lake, IL 60073 Full Service B&M $11,746
    First American Bank 1906 East Grand Avenue Lindenhurst, IL 60046 Full Service B&M $28,471
    First American Bank 2001 North Manheim Road Melrose Park, IL 60160 Full Service B&M $61,348
    First American Bank 201 South State Street Hampshire, IL 60140 Full Service B&M $75,272
    First American Bank 2013 75th Street Darien, IL 60561 Full Service B&M $37,032
    First American Bank 20704 S. Cicero Avenue Matteson, IL 60443 Full Service B&M $17,846
    First American Bank 2101 Willow Road Glenview, IL 60025 Full Service B&M $40,555
    First American Bank 218 West Main Street Dundee, IL 60118 Full Service B&M $157,740
    First American Bank 2295 Galiano Street Coral Gables, FL 33134 Full Service B&M $106,148
    First American Bank 23604 75th Street Salem, WI 53168 Full Service B&M $26,845
    First American Bank 261 S. Western Ave. Carpentersville, IL 60110 Full Service B&M $66,010
    First American Bank 288 North Main Street Bourbonnais, IL 60914 Full Service B&M $41,451
    First American Bank 2901 East Main Street St Charles, IL 60174 Full Service B&M $38,991
    First American Bank 3024 Reflection Drive Naperville, IL 60564 Full Service B&M $17,450
    First American Bank 3054 East New York Street Aurora, IL 60504 Full Service B&M $24,818
    First American Bank 3205 Mall Loop Drive Joliet, IL 60431 Full Service B&M $34,460
    First American Bank 3221 West 87th Street Evergreen Park, IL 60805 Full Service B&M $12,068
    First American Bank 33 South Rand Road Lake Zurich, IL 60047 Full Service B&M $61,251
    First American Bank 33 West Monroe Chicago, IL 60603 Full Service B&M $114,509
    First American Bank 356 W. Armitage Avenue Chicago, IL 60614 Full Service B&M $26,760
    First American Bank 395 W. Higgins Road Hoffman Estates, IL 60169 Full Service B&M $26,975
    First American Bank 4501 South Pulaski Road Chicago, IL 60632 Full Service B&M $15,113
    First American Bank 4611 Golf Road Skokie, IL 60076 Full Service B&M $306,737
    First American Bank 500 Grand Avenue Lake Villa, IL 60046 Full Service B&M $76,701
    First American Bank 5000 North Elston Avenue Chicago, IL 60630 Full Service B&M $74,179
    First American Bank 6200 West 95th Street Oak Lawn, IL 60453 Full Service B&M $38,218
    First American Bank 632 Randall Road South Elgin, IL 60177 Full Service B&M $35,866
    First American Bank 643 North Fairbanks Court Chicago, IL 60611 Full Service B&M $22,981
    First American Bank 700 Busse Road Elk Grove Village, IL 60007 Full Service B&M $220,880
    First American Bank 700 Busse Road Elk Grove Village, IL 60007 Full Service Cyber Office $514,020
    First American Bank 700 East Ogden Avenue Naperville, IL 60563 Full Service B&M $38,853
    First American Bank 7005 Grand Avenue Gurnee, IL 60031 Full Service B&M $26,339
    First American Bank 701 North Milwaukee Avenue Vernon Hills, IL 60061 Full Service B&M $48,921
    First American Bank 7027 Green Bay Road Kenosha, WI 53142 Full Service B&M $184,643
    First American Bank 721 Meacham Road Elk Grove Village, IL 60007 Full Service B&M $28,672
    First American Bank 739 E. Boughton Road Bolingbrook, IL 60440 Full Service B&M $15,871
    First American Bank 7747 N Waukegan Rd Niles, IL 60714 Full Service B&M $44,638
    First American Bank 80 Stratford Square Drive Bloomingdale, IL 60108 Full Service B&M $51,405
    First American Bank 830 Roosevelt Road Glen Ellyn, IL 60137 Full Service B&M $38,003
    First American Bank 970 S. Route 59 Bartlett, IL 60103 Full Service B&M $36,086
    First American Bank One Bank Lane Buffalo Grove, IL 60089 Full Service B&M $96,554

    For 2019, First American Bank had 54 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $184,246
    Net interest income $123,024
    Total noninterest income $-10,969
    Gross Fiduciary activities income $13,500
    Service charges on deposit accounts $7,578
    Trading account gains and fees $678
    Additional Noninterest Income $-32,725
    Pre-tax net operating income $-16,832
    Securities gains (or losses, -) $52,476
    Income before extraordinary items $35,447
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $35,447
    Minority interest net income $0
    Net income $35,447
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-16,504

    First American Bank's gross interest income from loans was $184,246,000.
    First American Bank's net interest income from loans was $123,024,000.
    First American Bank's fee based income from loans was $7,578,000.
    First American Bank's net income from loans was $35,447,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $61,222
    Provision for credit losses $5,350
    Total noninterest expense $123,537
    Salaries and employee benefits $77,291
    Premises and equipment expense $13,716
    Additional noninterest expense $32,530
    Applicable income taxes $197
    Net charge-offs $6,706
    Cash dividends $77,036

    First American Bank's interest expense for loans was $61,222,000.
    First American Bank's payroll and benefits expense were $77,291,000.
    First American Bank's property, plant and equipment expenses $13,716,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    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 $3,826,470
    Deposits held in domestic offices $3,826,470
    Deposits by Individuals, partnerships, and corporations $3,640,372
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $161,936
    Deposits by Commercial banks and other depository institutions in U.S. $24,161
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $361,140
    Demand deposits $249,995
    Nontransaction accounts $3,465,330
    Money market deposit accounts (MMDAs) $1,571,345
    Other savings deposits (excluding MMDAs) $1,394,276
    Total time deposits $499,709
    Total time and savings deposits $3,576,475
    Noninterest-bearing deposits $1,029,242
    Interest-bearing deposits $2,797,228
    Retail deposits $3,714,236
    IRAs and Keogh plan accounts $47,644
    Brokered deposits $6,713
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $5,300,331
    Cash & Balances due from depository institutions $125,654
    Interest-bearing balances $67,845
    Total securities $2,868,150
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,123,784
    Loan and leases loss allowance $21,286
    Trading account assets $6,960
    Bank premises and fixed assets $76,138
    Other real estate owned $1,679
    Goodwill and other intangibles $41,487
    All other assets $56,479

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $5,300,331
    Total Liabilities $4,887,952
    Total deposits $3,826,470
    Interest-bearing deposits $2,797,228
    Deposits held in domestic offices $3,826,470
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $17,537
    Other borrowed funds $1,024,816
    Subordinated debt $0
    All other liabilities $19,129

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,123,784
    Loan and leases loss allowance $21,286
    Total loans and leases (domestic) $2,145,070
    All real estate loans $1,410,646
    Real estate loans in domestic offices $1,410,646
    Construction and development loans $141,077
    Residential 1-4 family construction $22,887
    Other construction, all land development and other land $118,190
    Loans secured by nonfarm nonresidential properties $549,663
    Nonfarm nonresidential secured by owner-occupied properties $297,752
    Commercial real estate & other non-farm, non-residential $251,911
    Multifamily residential real estate $185,332
    1-4 family residential loans $531,571
    Farmland loans $3,003
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $478,604
    To non-U.S. addressees $0
    Loans to individuals $101,819
    Credit card loans $0
    Related Plans $506
    Consumer Auto Loans $78,914
    Other loans to individuals $22,399
    All other loans & leases $154,001
    Loans to foreign governments and official institutions $0
    Other loans $54,661
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $14,577
    Loans secured by real estate to non-U.S. addressees $1,835
    Restructured Loans & leases $28,400
    Non 1-4 family restructured loans & leases $578
    Total loans and leases (foreign) $0

    First American Bank had $2,123,784,000 of loans outstanding in 2019. $1,410,646,000 of loans were in real estate loans. $141,077,000 of loans were in development loans. $185,332,000 of loans were in multifamily mortgage loans. $531,571,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $78,914,000 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 478 $127,802 $267,368
    Nonfarm, nonresidential loans - <$100k 54 $2,369 $43,870
    Nonfarm, nonresidential loans - $100-250k 154 $19,380 $125,844
    Nonfarm, nonresidential loans - $250k-1MM 270 $106,053 $392,789
    Commercial & Industrial, US addressed loans - <$1MM 563 $40,626 $72,160
    Commercial & Industrial, US addressed loans - <$100k 305 $4,010 $13,148
    Commercial & Industrial, US addressed loans - $100-250k 127 $8,995 $70,827
    Commercial & Industrial, US addressed loans - $250k-1MM 131 $27,621 $210,847
    Farmland loans - <$1MM 5 $1,010 $202,000
    Farmland loans - $100-250k 1 $36 $36,000
    Farmland loans - $250k-1MM 4 $974 $243,500