The Cottonport Bank Mortgage Rates, Fees & Info

Cottonport, LA

LEI: 254900E9OABDJHASZ507

Tax ID: 72-0161140

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    The Cottonport Bank is a smaller bank specializing in Refi and Home Purchase loans. The Cottonport Bank has a high proportion of conventional loans. Their top markets by origination volume include: Baton Rouge, Alexandria, Houma, Opelousas, and Lafayette among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Cottonport 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.

    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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    Originations

    200

    Origination Dollar Volume (All Markets)

    $28,410,000

    Employee count

    149

    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
    BATON ROUGE, LA (FHA|USDA|VA) 68 $13,490,000 $198,382 $0 0.00%
    Outside of Metro Areas 107 $10,125,000 $94,626 $0 0.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 16 $3,400,000 $212,500 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 4 $350,000 $87,500 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
    MONROE, LA (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    The Cottonport Bank's top markets include Baton Rouge, Alexandria, Houma, Opelousas, and Lafayette among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 200 $28,410,000 $142,050 $0 0.00%

    For 2018, The Cottonport Bank's most frequently originated type of loan was Conventional, with 200 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 106 $15,360,000 $144,906 $0 0.00%
    Home Purchase 74 $11,080,000 $149,730 $0 0.00%
    Other 10 $980,000 $98,000 $0 0.00%
    Cash Out Refi 6 $860,000 $143,333 $0 0.00%
    Home Improvement 4 $130,000 $32,500 $0 0.00%

    For 2018, The Cottonport Bank's most frequently cited loan purpose was Refi, with 106 originations. The 2nd most popular reason was Home Purchase, with 74 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 200 $28,410,000 $142,050 $0 0.00%

    For 2018, The Cottonport Bank's most frequently cited loan duration was Other, with 200 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 110 $5,100,000 $46,364 $0 0.00%
    $100k-200k 51 $7,135,000 $139,902 $0 0.00%
    $200k-400k 24 $6,980,000 $290,833 $0 0.00%
    $400k-600k 9 $4,455,000 $495,000 $0 0.00%
    $600k-1MM 5 $3,725,000 $745,000 $0 0.00%
    $1MM+ 1 $1,015,000 $1,015,000 $0 0.00%

    2018 saw The Cottonport Bank place emphasis on $100,000 or less loans with 110 originations, totaling $5,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 43 $2,745,000 $63,837 $0 0.00%
    $50k-75k 34 $2,700,000 $79,412 $0 0.00%
    $100k-150k 25 $3,085,000 $123,400 $0 0.00%
    $75k-100k 20 $2,630,000 $131,500 $0 0.00%
    $150k-250k 19 $2,485,000 $130,789 $0 0.00%
    $250k+ 12 $4,810,000 $400,833 $0 0.00%

    The Cottonport Bank lent most frequently to those with incomes in the $50k or less range, with 43 originations. The second most popular income band? $50k-75k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 200 $28,410,000 $142,050 $0 0.00%

    The Cottonport Bank lent most frequently to those with DTI ratios of Exempt%, with 200 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 141 $18,055,000 $128,050 $0 0.00%
    Not applicable 38 $8,620,000 $226,842 $0 0.00%
    Black 18 $1,270,000 $70,556 $0 0.00%
    Asian 2 $380,000 $190,000 $0 0.00%
    American Indian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.70%

    The Cottonport Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.50%

    The Cottonport Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 200 $28,410,000 $142,050

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 4 $1,640,000 $410,000
    Multifamily:Site-Built 7 $3,125,000 $446,429
    Single Family (1-4 Units):Manufactured 42 $2,160,000 $51,429
    Single Family (1-4 Units):Site-Built 147 $21,485,000 $146,156

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cottonport Bank 105 North Main Street Marksville, LA 71351 Full Service B&M $76,632
    Cottonport Bank 110 West St. Francis Street Brusly, LA 70719 Full Service B&M $23,676
    Cottonport Bank 117 Bernard Plaza Simmesport, LA 71369 Full Service B&M $4,779
    Cottonport Bank 122 Southwest Main Street Bunkie, LA 71322 Full Service B&M $13,484
    Cottonport Bank 420 Hospital Road New Roads, LA 70760 Full Service B&M $58,497
    Cottonport Bank 6500 Corporate Boulevard Baton Rouge, LA 70808 Full Service B&M $20,589
    Cottonport Bank 942 Bryan Street Cottonport, LA 71327 Full Service B&M $36,170
    Cottonport Bank Bayou Des Glaise Bordelonville, LA 71320 Full Service B&M $179
    Cottonport Bank Highway 1 Mansura, LA 71350 Full Service B&M $32,509
    Cottonport Bank Highway 107 Plaucheville, LA 71362 Full Service B&M $1,630
    Cottonport Bank Highway 451 Moreauville, LA 71355 Full Service B&M $22,936
    Cottonport Bank State Highway 115 Effie, LA 71331 Full Service B&M $2,177

    For 2018, The Cottonport Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,510
    Net interest income $13,530
    Total noninterest income $3,528
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,140
    Trading account gains and fees $0
    Additional Noninterest Income $2,388
    Pre-tax net operating income $4,770
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,903
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,903
    Minority interest net income $0
    Net income $3,903
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,903

    The Cottonport Bank's gross interest income from loans was $14,510,000.
    The Cottonport Bank's net interest income from loans was $13,530,000.
    The Cottonport Bank's fee based income from loans was $1,140,000.
    The Cottonport Bank's net income from loans was $3,903,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $980
    Provision for credit losses $120
    Total noninterest expense $12,168
    Salaries and employee benefits $7,236
    Premises and equipment expense $1,677
    Additional noninterest expense $3,255
    Applicable income taxes $867
    Net charge-offs $-498
    Cash dividends $525

    The Cottonport Bank's interest expense for loans was $980,000.
    The Cottonport Bank's payroll and benefits expense were $7,236,000.
    The Cottonport Bank's property, plant and equipment expenses $1,677,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 4.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $282,933
    Deposits held in domestic offices $282,933
    Deposits by Individuals, partnerships, and corporations $256,052
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $26,881
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $130,790
    Demand deposits $104,286
    Nontransaction accounts $152,143
    Money market deposit accounts (MMDAs) $23,740
    Other savings deposits (excluding MMDAs) $58,392
    Total time deposits $70,011
    Total time and savings deposits $178,647
    Noninterest-bearing deposits $104,286
    Interest-bearing deposits $178,647
    Retail deposits $267,914
    IRAs and Keogh plan accounts $11,983
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $326,868
    Cash & Balances due from depository institutions $19,716
    Interest-bearing balances $8,961
    Total securities $72,988
    Federal funds sold & reverse repurchase $0
    Net loans and leases $221,509
    Loan and leases loss allowance $2,812
    Trading account assets $0
    Bank premises and fixed assets $7,225
    Other real estate owned $503
    Goodwill and other intangibles $416
    All other assets $4,511

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $326,868
    Total Liabilities $284,131
    Total deposits $282,933
    Interest-bearing deposits $178,647
    Deposits held in domestic offices $282,933
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,198

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $221,509
    Loan and leases loss allowance $2,812
    Total loans and leases (domestic) $224,321
    All real estate loans $178,213
    Real estate loans in domestic offices $178,213
    Construction and development loans $27,400
    Residential 1-4 family construction $7,177
    Other construction, all land development and other land $20,223
    Loans secured by nonfarm nonresidential properties $73,333
    Nonfarm nonresidential secured by owner-occupied properties $32,758
    Commercial real estate & other non-farm, non-residential $40,575
    Multifamily residential real estate $4,707
    1-4 family residential loans $63,139
    Farmland loans $9,634
    Loans held in foreign offices $0
    Farm loans $13,142
    Commercial and industrial loans $19,159
    To non-U.S. addressees $0
    Loans to individuals $10,743
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,540
    Other loans to individuals $9,203
    All other loans & leases $3,064
    Loans to foreign governments and official institutions $0
    Other loans $347
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $4,200
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The Cottonport Bank had $221,509,000 of loans outstanding in 2018. $178,213,000 of loans were in real estate loans. $27,400,000 of loans were in development loans. $4,707,000 of loans were in multifamily mortgage loans. $63,139,000 of loans were in 1-4 family mortgage loans. $13,142,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,540,000 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 156 $26,556 $170,231
    Nonfarm, nonresidential loans - <$100k 63 $2,205 $35,000
    Nonfarm, nonresidential loans - $100-250k 43 $5,186 $120,605
    Nonfarm, nonresidential loans - $250k-1MM 50 $19,165 $383,300
    Commercial & Industrial, US addressed loans - <$1MM 332 $14,803 $44,587
    Commercial & Industrial, US addressed loans - <$100k 264 $5,415 $20,511
    Commercial & Industrial, US addressed loans - $100-250k 48 $4,685 $97,604
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $4,703 $235,150
    Farmland loans - <$1MM 67 $5,968 $89,075
    Farmland loans - <$100k 43 $1,340 $31,163
    Farmland loans - $100-250k 14 $1,665 $118,929
    Farmland loans - $250k-1MM 10 $2,963 $296,300
    Agriculture operations loans - <$1MM 70 $5,378 $76,829
    Agriculture operations loans - <$100k 37 $797 $21,541
    Agriculture operations loans - $100-250k 16 $1,321 $82,563
    Agriculture operations loans - $250k-1MM 17 $3,260 $191,765