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 Cash Out Refi loans. First American Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Miami, Kankakee, Milwaukee, and Naples among others. We have data for 84 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

3,312

Origination Dollar Volume (All Markets)

$615,700,000

Employee count

839 Show all (7) 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) 2,879 $521,945,000 $181,294 $2,024 3.24%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 119 $29,655,000 $249,202 $4,248 3.70%
KANKAKEE, IL (FHA|USDA|VA) 85 $8,755,000 $103,000 $1,844 3.37%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 11 $6,735,000 $612,273 $2,165 3.22%
Outside of Metro Areas 29 $5,645,000 $194,655 $2,421 3.08%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 12 $3,780,000 $315,000 $4,146 3.41%
RACINE, WI (FHA|USDA|VA) 19 $3,445,000 $181,316 $2,117 3.14%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 11 $2,375,000 $215,909 $2,567 3.38%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $1,890,000 $945,000 $2,728 3.10%
ROCKFORD, IL (FHA|USDA|VA) 15 $1,825,000 $121,667 $2,185 3.21%
Key West, FL (FHA|USDA|VA) 5 $1,775,000 $355,000 $4,214 3.58%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $1,755,000 $1,755,000 $0 3.83%
Oskaloosa, IA (FHA|USDA|VA) 1 $1,735,000 $1,735,000 $0 3.83%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $1,570,000 $196,250 $2,978 3.34%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $1,510,000 $188,750 $3,076 3.58%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 10 $1,370,000 $137,000 $1,761 3.36%
Whitewater, WI (FHA|USDA|VA) 6 $1,190,000 $198,333 $1,976 2.79%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $1,050,000 $175,000 $3,444 3.46%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $925,000 $308,333 $2,400 2.96%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $745,000 $248,333 $2,205 3.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $730,000 $365,000 $2,201 4.00%
BELLINGHAM, WA (FHA|USDA|VA) 2 $720,000 $360,000 $3,839 2.81%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $705,000 $705,000 $0 3.50%
NILES, MI (FHA|USDA|VA) 3 $675,000 $225,000 $2,975 2.83%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $550,000 $275,000 $3,352 2.81%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $535,000 $178,333 $0 4.50%
KNOXVILLE, TN (FHA|USDA|VA) 1 $515,000 $515,000 $4,948 2.88%
Edwards, CO (FHA|USDA|VA) 1 $505,000 $505,000 $3,348 3.25%
Prineville, OR (FHA|USDA|VA) 1 $505,000 $505,000 $7,862 3.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $485,000 $485,000 $2,364 3.75%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $450,000 $225,000 $1,772 3.34%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $435,000 $145,000 $3,213 4.17%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $430,000 $215,000 $2,353 3.56%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $415,000 $415,000 $2,948 3.75%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $340,000 $170,000 $1,673 2.81%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $325,000 $325,000 $2,383 3.13%
RICHMOND, VA (FHA|USDA|VA) 1 $315,000 $315,000 $3,032 2.38%
Breckenridge, CO (FHA|USDA|VA) 1 $305,000 $305,000 $3,933 2.50%
TOLEDO, OH (FHA|USDA|VA) 1 $295,000 $295,000 $2,448 3.00%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $285,000 $285,000 $0 4.50%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $275,000 $275,000 $2,802 3.88%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 2 $270,000 $135,000 $1,775 2.69%
THE VILLAGES, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,021 2.88%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $265,000 $265,000 $2,150 3.13%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $265,000 $265,000 $8,372 2.25%
BOULDER, CO (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.50%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $235,000 $235,000 $2,739 3.00%
Baraboo, WI (FHA|USDA|VA) 1 $235,000 $235,000 $2,243 2.63%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $215,000 $215,000 $3,236 2.88%
Cookeville, TN (FHA|USDA|VA) 1 $205,000 $205,000 $2,044 3.38%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.25%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $205,000 $205,000 $2,488 3.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $200,000 $100,000 $2,633 3.75%
MADISON, WI (FHA|USDA|VA) 1 $195,000 $195,000 $2,624 3.13%
Keene, NH (FHA|USDA|VA) 1 $185,000 $185,000 $2,828 3.00%
MIDLAND, MI (FHA|USDA|VA) 1 $185,000 $185,000 $2,037 2.75%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,257 3.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.50%
Ottawa, IL (FHA|USDA|VA) 1 $165,000 $165,000 $3,126 3.13%
Sturgis, MI (FHA|USDA|VA) 1 $155,000 $155,000 $3,145 2.63%
AKRON, OH (FHA|USDA|VA) 1 $155,000 $155,000 $2,921 3.13%
YAKIMA, WA (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.75%
Mount Vernon, IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,131 2.38%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $145,000 $145,000 $2,058 2.50%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $135,000 $135,000 $2,035 3.75%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $2,312 2.50%
Holland, MI (FHA|USDA|VA) 1 $125,000 $125,000 $2,282 2.63%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $115,000 $115,000 $2,371 2.50%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $115,000 $115,000 $2,526 3.50%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $115,000 $115,000 $3,399 2.50%
PEORIA, IL (FHA|USDA|VA) 1 $105,000 $105,000 $1,596 3.38%
TUCSON, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $2,962 2.50%
Dixon, IL (FHA|USDA|VA) 2 $90,000 $45,000 $1,259 4.00%
GREEN BAY, WI (FHA|USDA|VA) 1 $85,000 $85,000 $3,046 3.38%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $75,000 $75,000 $2,476 2.50%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.50%
Quincy, IL-MO (FHA|USDA|VA) 1 $65,000 $65,000 $1,882 2.88%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.50%
PINE BLUFF, AR (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.63%
Crossville, TN (FHA|USDA|VA) 1 $45,000 $45,000 $3,241 3.13%
Marion, IN (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.50%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.50%
FORT WAYNE, IN (FHA|USDA|VA) 1 $25,000 $25,000 $0 2.25%
FORT COLLINS, CO (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.75%
First American Bank's top markets include Chicago, Miami, Kankakee, Milwaukee, and Naples among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
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    We use machine learning to identify the top lenders compared against First American 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,740 $559,610,000 $204,237 $2,118 3.10%
    HELOC 572 $56,090,000 $98,059 n/a 4.01%

    For 2020, First American Bank's most frequently originated type of loan was Conventional, with 2,740 originations. Their 2nd most popular type was HELOC, with 572 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,836 $364,130,000 $198,328 $1,873 3.07%
    Cash Out Refi 675 $135,905,000 $201,341 $2,222 3.13%
    Home Purchase 316 $77,530,000 $245,348 $3,865 3.35%
    Home Improvement 294 $23,480,000 $79,864 $16 4.05%
    Other 191 $14,655,000 $76,728 $8 4.17%

    For 2020, First American Bank's most frequently cited loan purpose was Refi, with 1,836 originations. The 2nd most popular reason was Cash Out Refi, with 675 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,197 $277,955,000 $232,210 $2,468 3.16%
    15 Year 965 $173,965,000 $180,275 $2,021 2.73%
    10 Year 768 $76,170,000 $99,180 $1,198 3.92%
    20 Year 274 $52,180,000 $190,438 $2,100 3.13%
    Other 72 $18,880,000 $262,222 $636 4.76%
    5 Year 25 $15,135,000 $605,400 $100 4.48%
    3 Year 10 $920,000 $92,000 $118 4.83%
    1 Year 1 $495,000 $495,000 $0 4.25%

    For 2020, First American Bank's most frequently cited loan duration was 30 Year, with 1,197 originations. The 2nd most popular length was 15 Year, with 965 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,569 $311,545,000 $198,563
    $1k-2k 876 $163,440,000 $186,575
    $2k-3k 68 $20,020,000 $294,412
    $3k-4k 12 $3,040,000 $253,333
    $5k+ 7 $2,365,000 $337,857
    $4k-5k 4 $1,490,000 $372,500

    First American Bank's average total fees were $2,468, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,569 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,216 $252,750,000 $207,854
    3-4% 977 $213,695,000 $218,726
    <2.5% 556 $87,280,000 $156,978
    4-5% 458 $56,400,000 $123,144
    5-6% 85 $4,235,000 $49,824
    6-7% 17 $1,145,000 $67,353
    7-8% 3 $195,000 $65,000

    During 2020, First American Bank's average interest rate for loans was 3.16%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,216 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,394 $203,250,000 $145,803 $2,047 3.10%
    $200k-400k 958 $256,440,000 $267,683 $2,339 3.08%
    $100,000 or less 780 $46,230,000 $59,269 $1,413 3.78%
    $400k-600k 155 $71,795,000 $463,194 $3,129 3.16%
    $1MM+ 16 $31,070,000 $1,941,875 $4,996 3.63%
    $600k-1MM 9 $6,915,000 $768,333 $6,044 3.72%

    2020 saw First American Bank place emphasis on $100k-200k loans with 1,394 originations, totaling $203,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 808 $154,070,000 $190,681 $2,084 3.25%
    $50k-75k 709 $96,455,000 $136,044 $2,051 3.18%
    $75k-100k 614 $100,610,000 $163,860 $2,041 3.16%
    $150k-250k 563 $128,115,000 $227,558 $2,169 3.30%
    $50k or less 363 $38,085,000 $104,917 $2,052 3.32%
    $250k+ 213 $63,405,000 $297,676 $2,934 3.53%

    First American Bank lent most frequently to those with incomes in the $100k-150k range, with 808 originations. The second most popular income band? $50k-75k, with 709 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 891 $153,105,000 $171,835 $1,996 3.18%
    30-36% 625 $113,345,000 $181,352 $2,092 3.24%
    <20% 313 $55,145,000 $176,182 $2,064 3.15%
    40% 131 $20,855,000 $159,198 $2,260 3.45%
    45% 129 $20,085,000 $155,698 $2,357 3.42%
    39% 122 $20,080,000 $164,590 $2,309 3.43%
    44% 119 $20,535,000 $172,563 $2,354 3.26%
    42% 116 $21,130,000 $182,155 $2,196 3.27%
    38% 109 $19,575,000 $179,587 $2,270 3.42%
    37% 103 $19,145,000 $185,874 $2,096 3.31%
    43% 100 $17,680,000 $176,800 $2,246 3.14%
    36% 93 $15,095,000 $162,312 $1,945 3.17%
    41% 87 $17,985,000 $206,724 $2,330 3.28%
    48% 75 $15,085,000 $201,133 $2,252 2.99%
    47% 73 $15,445,000 $211,575 $2,406 3.12%
    46% 68 $14,260,000 $209,706 $2,214 3.11%
    49% 66 $12,540,000 $190,000 $2,290 3.16%
    50-60% 29 $7,675,000 $264,655 $1,828 4.02%
    >60% 22 $2,080,000 $94,545 $667 5.39%

    First American Bank lent most frequently to those with DTI ratios of 20-30%, with 891 originations. The next most common DTI ratio? 30-36%, with 625 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,452 $431,100,000 $175,816 $2,093 3.30%
    Not provided 512 $100,280,000 $195,859 $2,201 3.09%
    Asian 179 $33,405,000 $186,620 $2,188 3.15%
    Not applicable 37 $31,035,000 $838,784 $0 4.00%
    Black 84 $10,710,000 $127,500 $2,091 3.30%
    Asian Indian 17 $3,105,000 $182,647 $2,020 2.72%
    Other Asian 10 $2,110,000 $211,000 $2,459 2.94%
    American Indian 10 $1,510,000 $151,000 $1,535 3.35%
    Filipino 6 $1,290,000 $215,000 $2,260 2.98%
    Korean 3 $995,000 $331,667 $3,087 2.96%
    Chinese 1 $105,000 $105,000 $2,095 2.63%
    Other Pacific Islander 1 $55,000 $55,000 $0 3.38%

    Approval Rates

    Total approvals of all applications
    81.46%

    First American Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.16%

    First American Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $55,000 $55,000
    NA 3,311 $615,645,000 $185,939

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 32 $31,750,000 $992,188
    Single Family (1-4 Units):Manufactured 10 $490,000 $49,000
    Single Family (1-4 Units):Site-Built 3,270 $583,460,000 $178,428

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 471 $59,655,000 $126,656 $1,941 3.46%
    40-60% 788 $148,680,000 $188,680 $2,035 2.98%
    60-80% 1,344 $308,220,000 $229,330 $2,208 3.10%
    80-100% 318 $75,870,000 $238,585 $2,705 3.07%
    Under 20% 391 $23,275,000 $59,527 $445 4.27%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Other type of mortgage Closing on a mortgage 2 13.3%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 2 13.3%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 3 20.0%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 6.7%
    FIRST HORIZON BANK Other type of mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 4 26.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First American Bank 101 Meadowview Center Kankakee, IL 60901 Full Service B&M $162,921
    First American Bank 10555 West Flagler Street, Unit 107 Miami, FL 33174 Full Service B&M $28,100
    First American Bank 11821 S. Western Avenue Chicago, IL 60643 Full Service B&M $9,488
    First American Bank 1241 S. Wabash Avenue Chicago, IL 60605 Full Service B&M $14,904
    First American Bank 1290 W. Boughton Road Bolingbrook, IL 60440 Full Service B&M $42,266
    First American Bank 1345 West Diversey Chicago, IL 60614 Full Service B&M $46,426
    First American Bank 1350 22nd Avenue Kenosha, WI 53140 Full Service B&M $42,388
    First American Bank 14245 South La Grange Road Orland Park, IL 60462 Full Service Retail $26,092
    First American Bank 1430 Golf Road Rolling Meadows, IL 60008 Full Service B&M $19,899
    First American Bank 14741 Founders Crossing Homer Glen, IL 60491 Full Service B&M $41,570
    First American Bank 15 Riverside Road Riverside, IL 60546 Full Service B&M $121,303
    First American Bank 1780 West Fullerton Avenue Addison, IL 60101 Full Service B&M $77,683
    First American Bank 1789 South Randall Road Geneva, IL 60134 Full Service B&M $212,278
    First American Bank 1801 S.W. 1st Street Miami, FL 33135 Full Service B&M $162,113
    First American Bank 1818 West Jefferson Street Joliet, IL 60434 Full Service B&M $67,962
    First American Bank 1865 South Cedar Lake Road Round Lake, IL 60073 Full Service B&M $11,486
    First American Bank 1906 East Grand Avenue Lindenhurst, IL 60046 Full Service B&M $29,303
    First American Bank 2001 North Manheim Road Melrose Park, IL 60160 Full Service B&M $82,440
    First American Bank 201 South State Street Hampshire, IL 60140 Full Service B&M $92,176
    First American Bank 2013 75th Street Darien, IL 60561 Full Service B&M $33,173
    First American Bank 20704 S. Cicero Avenue Matteson, IL 60443 Full Service B&M $19,798
    First American Bank 2101 Willow Road Glenview, IL 60025 Full Service B&M $41,017
    First American Bank 218 West Main Street Dundee, IL 60118 Full Service B&M $207,434
    First American Bank 23604 75th Street Salem, WI 53168 Full Service B&M $29,073
    First American Bank 261 S. Western Ave. Carpentersville, IL 60110 Full Service B&M $72,101
    First American Bank 288 North Main Street Bourbonnais, IL 60914 Full Service B&M $42,055
    First American Bank 2901 East Main Street St Charles, IL 60174 Full Service B&M $39,847
    First American Bank 3024 Reflection Drive Naperville, IL 60564 Full Service B&M $18,569
    First American Bank 3054 East New York Street Aurora, IL 60504 Full Service B&M $38,525
    First American Bank 3205 Mall Loop Drive Joliet, IL 60431 Full Service B&M $35,548
    First American Bank 3221 West 87th Street Evergreen Park, IL 60805 Full Service B&M $11,275
    First American Bank 33 South Rand Road Lake Zurich, IL 60047 Full Service B&M $75,222
    First American Bank 33 West Monroe Chicago, IL 60603 Full Service B&M $106,949
    First American Bank 356 W. Armitage Avenue Chicago, IL 60614 Full Service B&M $25,178
    First American Bank 395 W. Higgins Road Hoffman Estates, IL 60169 Full Service B&M $26,318
    First American Bank 4501 South Pulaski Road Chicago, IL 60632 Full Service B&M $17,541
    First American Bank 4611 Golf Road Skokie, IL 60076 Full Service B&M $193,208
    First American Bank 500 Grand Avenue Lake Villa, IL 60046 Full Service B&M $83,844
    First American Bank 5000 North Elston Avenue Chicago, IL 60630 Full Service B&M $76,643
    First American Bank 5241 Nw 87th Avenue Doral, FL 33178 Full Service B&M $45,850
    First American Bank 540 Biltmore Way Coral Gables, FL 33134 Full Service B&M $107,436
    First American Bank 611 West 49th Street Hialeah, FL 33012 Full Service B&M $44,863
    First American Bank 6200 West 95th Street Oak Lawn, IL 60453 Full Service B&M $39,178
    First American Bank 632 Randall Road South Elgin, IL 60177 Full Service B&M $35,747
    First American Bank 643 North Fairbanks Court Chicago, IL 60611 Full Service B&M $24,997
    First American Bank 700 Busse Road Elk Grove Village, IL 60007 Full Service B&M $267,650
    First American Bank 700 Busse Road Elk Grove Village, IL 60007 Full Service Cyber Office $624,215
    First American Bank 700 East Ogden Avenue Naperville, IL 60563 Full Service B&M $34,343
    First American Bank 7005 Grand Avenue Gurnee, IL 60031 Full Service B&M $25,235
    First American Bank 701 North Milwaukee Avenue Vernon Hills, IL 60061 Full Service B&M $55,905
    First American Bank 7027 Green Bay Road Kenosha, WI 53142 Full Service B&M $200,006
    First American Bank 721 Meacham Road Elk Grove Village, IL 60007 Full Service B&M $32,704
    First American Bank 739 E. Boughton Road Bolingbrook, IL 60440 Full Service B&M $18,183
    First American Bank 7747 N Waukegan Rd Niles, IL 60714 Full Service B&M $44,092
    First American Bank 79 East Flagler Street, Suite R-2 Miami, FL 33132 Full Service B&M $32,982
    First American Bank 80 Stratford Square Drive Bloomingdale, IL 60108 Full Service B&M $58,667
    First American Bank 830 Roosevelt Road Glen Ellyn, IL 60137 Full Service B&M $37,725
    First American Bank 970 S. Route 59 Bartlett, IL 60103 Full Service B&M $45,549
    First American Bank One Bank Lane Buffalo Grove, IL 60089 Full Service B&M $98,710

    For 2020, First American Bank had 59 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $173,544
    Net interest income $129,588
    Total noninterest income $26,033
    Gross Fiduciary activities income $13,243
    Service charges on deposit accounts $7,504
    Trading account gains and fees $404
    Additional Noninterest Income $4,882
    Pre-tax net operating income $9,671
    Securities gains (or losses, -) $22,998
    Income before extraordinary items $32,545
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $32,545
    Minority interest net income $0
    Net income $32,545
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,547

    First American Bank's gross interest income from loans was $173,544,000.
    First American Bank's net interest income from loans was $129,588,000.
    First American Bank's fee based income from loans was $7,504,000.
    First American Bank's net income from loans was $32,545,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $43,956
    Provision for credit losses $7,700
    Total noninterest expense $138,250
    Salaries and employee benefits $86,878
    Premises and equipment expense $13,814
    Additional noninterest expense $37,558
    Applicable income taxes $124
    Net charge-offs $119
    Cash dividends $16,250

    First American Bank's interest expense for loans was $43,956,000.
    First American Bank's payroll and benefits expense were $86,878,000.
    First American Bank's property, plant and equipment expenses $13,814,000.

    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 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    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 2.0%

    Deposits

    Type Value (in 000's)
    Total deposits $4,557,073
    Deposits held in domestic offices $4,557,073
    Deposits by Individuals, partnerships, and corporations $4,318,849
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $214,148
    Deposits by Commercial banks and other depository institutions in U.S. $24,076
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $2,247,918
    Demand deposits $1,595,046
    Nontransaction accounts $2,309,155
    Money market deposit accounts (MMDAs) $1,758,029
    Other savings deposits (excluding MMDAs) $221,688
    Total time deposits $329,438
    Total time and savings deposits $2,962,027
    Noninterest-bearing deposits $1,599,385
    Interest-bearing deposits $2,957,688
    Retail deposits $4,492,438
    IRAs and Keogh plan accounts $46,292
    Brokered deposits $32,788
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $5,930,354
    Cash & Balances due from depository institutions $252,012
    Interest-bearing balances $199,283
    Total securities $3,117,707
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,360,827
    Loan and leases loss allowance $28,867
    Trading account assets $18
    Bank premises and fixed assets $79,858
    Other real estate owned $5,814
    Goodwill and other intangibles $38,378
    All other assets $75,740

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $5,930,354
    Total Liabilities $5,471,696
    Total deposits $4,557,073
    Interest-bearing deposits $2,957,688
    Deposits held in domestic offices $4,557,073
    % insured (estimated) $47
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $88,334
    Other borrowed funds $799,425
    Subordinated debt $0
    All other liabilities $26,864

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,360,827
    Loan and leases loss allowance $28,867
    Total loans and leases (domestic) $2,389,694
    All real estate loans $1,368,997
    Real estate loans in domestic offices $1,368,997
    Construction and development loans $148,330
    Residential 1-4 family construction $9,994
    Other construction, all land development and other land $138,336
    Loans secured by nonfarm nonresidential properties $536,160
    Nonfarm nonresidential secured by owner-occupied properties $316,606
    Commercial real estate & other non-farm, non-residential $219,554
    Multifamily residential real estate $191,578
    1-4 family residential loans $489,368
    Farmland loans $3,561
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $776,746
    To non-U.S. addressees $0
    Loans to individuals $121,923
    Credit card loans $0
    Related Plans $304
    Consumer Auto Loans $99,773
    Other loans to individuals $21,846
    All other loans & leases $122,028
    Loans to foreign governments and official institutions $0
    Other loans $31,789
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $22,547
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $24,083
    Non 1-4 family restructured loans & leases $126
    Total loans and leases (foreign) $0

    First American Bank had $2,360,827,000 of loans outstanding in 2020. $1,368,997,000 of loans were in real estate loans. $148,330,000 of loans were in development loans. $191,578,000 of loans were in multifamily mortgage loans. $489,368,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $99,773,000 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 434 $116,354 $268,097
    Nonfarm, nonresidential loans - <$100k 44 $1,604 $36,455
    Nonfarm, nonresidential loans - $100-250k 129 $15,902 $123,271
    Nonfarm, nonresidential loans - $250k-1MM 261 $98,848 $378,728
    Commercial & Industrial, US addressed loans - <$1MM 2,251 $173,991 $77,295
    Commercial & Industrial, US addressed loans - <$100k 1,708 $44,728 $26,187
    Commercial & Industrial, US addressed loans - $100-250k 283 $37,583 $132,802
    Commercial & Industrial, US addressed loans - $250k-1MM 260 $91,680 $352,615
    Farmland loans - <$1MM 4 $866 $216,500
    Farmland loans - $100-250k 1 $9 $9,000
    Farmland loans - $250k-1MM 3 $857 $285,667