First American Bank Mortgage Rates, Fees & Info
Elk Grove Village, ILLEI: XC7Z0BA39TU7L1AKOJ12
Tax ID: 36-1078850
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.68% | 12/16/24 |
| 30 Year Conventional Refi | 6.47% | 12/16/24 |
| 30 Year Cash-out Refi | 6.68% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.18% | 12/16/24 |
| 15 Year Conventional Refi | 5.96% | 12/16/24 |
| 15 Year Cash-out Refi | 5.96% | 12/16/24 |
| 15 Year FHA Refi | 5.68% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,312Origination Dollar Volume (All Markets)
$615,700,000Employee count
839Awards
First American Bank - 2020
First American Bank is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| 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% |
Similar Lenders
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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
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
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
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
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
2020 saw First American Bank place emphasis on $100k-200k loans with 1,394 originations, totaling $203,250,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications81.46%
First American Bank has a below average approval rate.
Pick Rate
Approvals leading to origination73.16%
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
LTV Distribution
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 |