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, Lafayette, Natchitoches, and Morgan City among others. We have data for 9 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

    195

    Origination Dollar Volume (All Markets)

    $28,195,000

    Employee count

    153

    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) 60 $14,640,000 $244,000 $0 0.00%
    Outside of Metro Areas 112 $10,180,000 $90,893 $0 0.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 8 $970,000 $121,250 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 7 $865,000 $123,571 $0 0.00%
    Natchitoches, LA (FHA|USDA|VA) 2 $590,000 $295,000 $0 0.00%
    Morgan City, LA (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 3 $325,000 $108,333 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Bogalusa, LA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    The Cottonport Bank's top markets include Baton Rouge, Alexandria, Lafayette, Natchitoches, and Morgan City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 195 $28,195,000 $144,590 $0 0.00%

    For 2019, The Cottonport Bank's most frequently originated type of loan was Conventional, with 195 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 102 $15,030,000 $147,353 $0 0.00%
    Home Purchase 73 $10,825,000 $148,288 $0 0.00%
    Cash Out Refi 8 $1,550,000 $193,750 $0 0.00%
    Other 7 $525,000 $75,000 $0 0.00%
    Home Improvement 5 $265,000 $53,000 $0 0.00%

    For 2019, The Cottonport Bank's most frequently cited loan purpose was Refi, with 102 originations. The 2nd most popular reason was Home Purchase, with 73 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 195 $28,195,000 $144,590 $0 0.00%

    For 2019, The Cottonport Bank's most frequently cited loan duration was Other, with 195 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 113 $5,265,000 $46,593 $0 0.00%
    $100k-200k 43 $6,185,000 $143,837 $0 0.00%
    $200k-400k 29 $7,955,000 $274,310 $0 0.00%
    $400k-600k 6 $2,720,000 $453,333 $0 0.00%
    $1MM+ 3 $5,325,000 $1,775,000 $0 0.00%
    $600k-1MM 1 $745,000 $745,000 $0 0.00%

    2019 saw The Cottonport Bank place emphasis on $100,000 or less loans with 113 originations, totaling $5,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 40 $1,690,000 $42,250 $0 0.00%
    $75k-100k 32 $3,580,000 $111,875 $0 0.00%
    $50k-75k 30 $2,960,000 $98,667 $0 0.00%
    $100k-150k 28 $4,190,000 $149,643 $0 0.00%
    $150k-250k 13 $2,875,000 $221,154 $0 0.00%
    $250k+ 9 $2,155,000 $239,444 $0 0.00%

    The Cottonport Bank lent most frequently to those with incomes in the $50k or less range, with 40 originations. The second most popular income band? $75k-100k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 195 $28,195,000 $144,590 $0 0.00%

    The Cottonport Bank lent most frequently to those with DTI ratios of Exempt%, with 195 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 133 $15,965,000 $120,038 $0 0.00%
    Not applicable 37 $10,035,000 $271,216 $0 0.00%
    Black 20 $1,410,000 $70,500 $0 0.00%
    Asian 1 $395,000 $395,000 $0 0.00%
    Not provided 2 $300,000 $150,000 $0 0.00%
    Asian Indian 1 $55,000 $55,000 $0 0.00%
    American Indian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.50%

    The Cottonport Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.64%

    The Cottonport Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 195 $28,195,000 $144,590

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $1,755,000 $1,755,000
    Multifamily:Site-Built 2 $770,000 $385,000
    Single Family (1-4 Units):Manufactured 39 $1,815,000 $46,538
    Single Family (1-4 Units):Site-Built 153 $23,855,000 $155,915

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cottonport Bank 104 Highway 1181 Plaucheville, LA 71362 Full Service B&M $1,673
    Cottonport Bank 110 West St. Francis Street Brusly, LA 70719 Full Service B&M $22,895
    Cottonport Bank 117 Bernard Plz Simmesport, LA 71360 Full Service B&M $5,640
    Cottonport Bank 122 Southwest Main Street Bunkie, LA 71322 Full Service B&M $14,323
    Cottonport Bank 144 South Main Street Marksville, LA 71351 Full Service B&M $80,586
    Cottonport Bank 2979 Highway 107 Effie, LA 71331 Full Service B&M $2,004
    Cottonport Bank 420 Hospital Road New Roads, LA 70760 Full Service B&M $54,147
    Cottonport Bank 6500 Corporate Boulevard Baton Rouge, LA 70808 Full Service B&M $23,941
    Cottonport Bank 8199 Highway 1 Mansura, LA 71350 Full Service B&M $35,457
    Cottonport Bank 942 Bryan Street Cottonport, LA 71327 Full Service B&M $33,137
    Cottonport Bank 9856 Bayou Des Glaises St Moreauville, LA 71355 Full Service B&M $23,177
    Cottonport Bank Bayou Des Glaise Bordelonville, LA 71320 Full Service B&M $104

    For 2019, The Cottonport Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,101
    Net interest income $14,163
    Total noninterest income $4,183
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,116
    Trading account gains and fees $0
    Additional Noninterest Income $3,067
    Pre-tax net operating income $4,932
    Securities gains (or losses, -) $6
    Income before extraordinary items $4,006
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,006
    Minority interest net income $0
    Net income $4,006
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,001

    The Cottonport Bank's gross interest income from loans was $16,101,000.
    The Cottonport Bank's net interest income from loans was $14,163,000.
    The Cottonport Bank's fee based income from loans was $1,116,000.
    The Cottonport Bank's net income from loans was $4,006,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,938
    Provision for credit losses $771
    Total noninterest expense $12,643
    Salaries and employee benefits $7,616
    Premises and equipment expense $1,750
    Additional noninterest expense $3,277
    Applicable income taxes $932
    Net charge-offs $665
    Cash dividends $1,040

    The Cottonport Bank's interest expense for loans was $1,938,000.
    The Cottonport Bank's payroll and benefits expense were $7,616,000.
    The Cottonport Bank's property, plant and equipment expenses $1,750,000.

    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 2.0%
    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 $322,965
    Deposits held in domestic offices $322,965
    Deposits by Individuals, partnerships, and corporations $297,846
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,119
    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 $148,863
    Demand deposits $122,361
    Nontransaction accounts $174,102
    Money market deposit accounts (MMDAs) $25,575
    Other savings deposits (excluding MMDAs) $54,450
    Total time deposits $94,076
    Total time and savings deposits $200,604
    Noninterest-bearing deposits $122,361
    Interest-bearing deposits $200,604
    Retail deposits $301,117
    IRAs and Keogh plan accounts $10,591
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $370,041
    Cash & Balances due from depository institutions $69,045
    Interest-bearing balances $59,177
    Total securities $56,292
    Federal funds sold & reverse repurchase $0
    Net loans and leases $231,925
    Loan and leases loss allowance $2,918
    Trading account assets $0
    Bank premises and fixed assets $7,975
    Other real estate owned $419
    Goodwill and other intangibles $353
    All other assets $4,032

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $370,041
    Total Liabilities $323,819
    Total deposits $322,965
    Interest-bearing deposits $200,604
    Deposits held in domestic offices $322,965
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $854

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $231,925
    Loan and leases loss allowance $2,918
    Total loans and leases (domestic) $234,843
    All real estate loans $183,542
    Real estate loans in domestic offices $183,542
    Construction and development loans $31,190
    Residential 1-4 family construction $9,772
    Other construction, all land development and other land $21,418
    Loans secured by nonfarm nonresidential properties $75,947
    Nonfarm nonresidential secured by owner-occupied properties $36,404
    Commercial real estate & other non-farm, non-residential $39,543
    Multifamily residential real estate $6,251
    1-4 family residential loans $62,334
    Farmland loans $7,820
    Loans held in foreign offices $0
    Farm loans $12,588
    Commercial and industrial loans $24,515
    To non-U.S. addressees $0
    Loans to individuals $11,612
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,405
    Other loans to individuals $10,207
    All other loans & leases $2,586
    Loans to foreign governments and official institutions $0
    Other loans $126
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $8,037
    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 $231,925,000 of loans outstanding in 2019. $183,542,000 of loans were in real estate loans. $31,190,000 of loans were in development loans. $6,251,000 of loans were in multifamily mortgage loans. $62,334,000 of loans were in 1-4 family mortgage loans. $12,588,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,405,000 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 159 $29,807 $187,465
    Nonfarm, nonresidential loans - <$100k 55 $2,315 $42,091
    Nonfarm, nonresidential loans - $100-250k 48 $6,400 $133,333
    Nonfarm, nonresidential loans - $250k-1MM 56 $21,092 $376,643
    Commercial & Industrial, US addressed loans - <$1MM 367 $18,267 $49,774
    Commercial & Industrial, US addressed loans - <$100k 289 $6,602 $22,844
    Commercial & Industrial, US addressed loans - $100-250k 58 $4,924 $84,897
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $6,741 $337,050
    Farmland loans - <$1MM 62 $5,134 $82,806
    Farmland loans - <$100k 40 $1,417 $35,425
    Farmland loans - $100-250k 15 $1,691 $112,733
    Farmland loans - $250k-1MM 7 $2,026 $289,429
    Agriculture operations loans - <$1MM 71 $3,993 $56,239
    Agriculture operations loans - <$100k 46 $912 $19,826
    Agriculture operations loans - $100-250k 11 $1,044 $94,909
    Agriculture operations loans - $250k-1MM 14 $2,037 $145,500