The Cottonport Bank Mortgage Rates, Fees & Info

Cottonport, LA

LEI: 254900E9OABDJHASZ507

Tax ID: 72-0161140

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Lafayette, Alexandria, Opelousas, and New Orleans among others. We have data for 11 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 an 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

    281

    Origination Dollar Volume (All Markets)

    $45,385,000

    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
    Outside of Metro Areas 157 $18,615,000 $118,567 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 83 $17,645,000 $212,590 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 22 $6,410,000 $291,364 $0 0.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 8 $1,000,000 $125,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 5 $695,000 $139,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    The Cottonport Bank's top markets include Baton Rouge, Lafayette, Alexandria, Opelousas, and New Orleans among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 281 $45,385,000 $161,512 $0 0.00%

    For 2021, The Cottonport Bank's most frequently originated type of loan was Conventional, with 281 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 146 $20,780,000 $142,329 $0 0.00%
    Home Purchase 95 $18,725,000 $197,105 $0 0.00%
    Cash Out Refi 22 $4,150,000 $188,636 $0 0.00%
    Other 10 $1,170,000 $117,000 $0 0.00%
    Home Improvement 8 $560,000 $70,000 $0 0.00%

    For 2021, The Cottonport Bank's most frequently cited loan purpose was Refi, with 146 originations. The 2nd most popular reason was Home Purchase, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 281 $45,385,000 $161,512 $0 0.00%

    For 2021, The Cottonport Bank's most frequently cited loan duration was Other, with 281 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 137 $7,015,000 $51,204 $0 0.00%
    $100k-200k 73 $10,725,000 $146,918 $0 0.00%
    $200k-400k 53 $14,945,000 $281,981 $0 0.00%
    $400k-600k 13 $6,315,000 $485,769 $0 0.00%
    $600k-1MM 3 $2,215,000 $738,333 $0 0.00%
    $1MM+ 2 $4,170,000 $2,085,000 $0 0.00%

    2021 saw The Cottonport Bank place emphasis on $100,000 or less loans with 137 originations, totaling $7,015,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 59 $3,405,000 $57,712 $0 0.00%
    $100k-150k 43 $6,825,000 $158,721 $0 0.00%
    $50k-75k 42 $4,580,000 $109,048 $0 0.00%
    $150k-250k 33 $8,035,000 $243,485 $0 0.00%
    $75k-100k 28 $4,030,000 $143,929 $0 0.00%
    $250k+ 21 $5,995,000 $285,476 $0 0.00%

    The Cottonport Bank lent most frequently to those with incomes in the $50k or less range, with 59 originations. The second most popular income band? $100k-150k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 281 $45,385,000 $161,512 $0 0.00%

    The Cottonport Bank lent most frequently to those with DTI ratios of Exempt%, with 281 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 205 $31,875,000 $155,488 $0 0.00%
    Not applicable 51 $11,875,000 $232,843 $0 0.00%
    Black 23 $1,525,000 $66,304 $0 0.00%
    American Indian 1 $55,000 $55,000 $0 0.00%
    Asian 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.47%

    The Cottonport Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.75%

    The Cottonport Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 281 $45,385,000 $161,512

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    281 $45,385,000 $161,512

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cottonport Bank 104 Highway 1181 Plaucheville, LA 71362 Limited, Mobile/Seasonal Office $2,642
    Cottonport Bank 110 West St. Francis Street Brusly, LA 70719 Full Service B&M $37,440
    Cottonport Bank 117 Bernard Plz Simmesport, LA 71360 Full Service B&M $8,431
    Cottonport Bank 122 Southwest Main Street Bunkie, LA 71322 Full Service B&M $20,370
    Cottonport Bank 144 South Main Street Marksville, LA 71351 Full Service B&M $108,443
    Cottonport Bank 2218 Ambassador Caffery Pkwy Lafayette, LA 70506 Full Service B&M $2,624
    Cottonport Bank 2979 Highway 107 Effie, LA 71331 Limited, Mobile/Seasonal Office $2,304
    Cottonport Bank 420 Hospital Road New Roads, LA 70760 Full Service B&M $89,585
    Cottonport Bank 4418 Highway 451 Bordelonville, LA 71320 Limited, Mobile/Seasonal Office $162
    Cottonport Bank 6500 Corporate Boulevard Baton Rouge, LA 70808 Full Service B&M $43,807
    Cottonport Bank 8199 Highway 1 Mansura, LA 71350 Full Service B&M $40,247
    Cottonport Bank 942 Bryan Street Cottonport, LA 71327 Full Service B&M $37,789
    Cottonport Bank 9856 Bayou Des Glaises St Moreauville, LA 71355 Full Service B&M $31,362

    For 2021, The Cottonport Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,567
    Net interest income $14,756
    Total noninterest income $5,370
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $796
    Trading account gains and fees $0
    Additional Noninterest Income $4,574
    Pre-tax net operating income $7,181
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,756
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,756
    Minority interest net income $0
    Net income $5,756
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,756

    The Cottonport Bank's gross interest income from loans was $15,567,000.
    The Cottonport Bank's net interest income from loans was $14,756,000.
    The Cottonport Bank's fee based income from loans was $796,000.
    The Cottonport Bank's net income from loans was $5,756,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $811
    Provision for credit losses $300
    Total noninterest expense $12,645
    Salaries and employee benefits $7,891
    Premises and equipment expense $1,974
    Additional noninterest expense $2,780
    Applicable income taxes $1,425
    Net charge-offs $409
    Cash dividends $516

    The Cottonport Bank's interest expense for loans was $811,000.
    The Cottonport Bank's payroll and benefits expense were $7,891,000.
    The Cottonport Bank's property, plant and equipment expenses $1,974,000.

    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 3.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $411,988
    Deposits held in domestic offices $411,988
    Deposits by Individuals, partnerships, and corporations $372,441
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $39,547
    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 $220,065
    Demand deposits $178,283
    Nontransaction accounts $191,923
    Money market deposit accounts (MMDAs) $37,171
    Other savings deposits (excluding MMDAs) $81,182
    Total time deposits $73,571
    Total time and savings deposits $233,705
    Noninterest-bearing deposits $178,282
    Interest-bearing deposits $233,706
    Retail deposits $395,004
    IRAs and Keogh plan accounts $9,617
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $467,020
    Cash & Balances due from depository institutions $72,428
    Interest-bearing balances $60,071
    Total securities $109,437
    Federal funds sold & reverse repurchase $0
    Net loans and leases $272,264
    Loan and leases loss allowance $3,334
    Trading account assets $0
    Bank premises and fixed assets $8,405
    Other real estate owned $0
    Goodwill and other intangibles $435
    All other assets $4,051

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $467,020
    Total Liabilities $412,470
    Total deposits $411,988
    Interest-bearing deposits $233,706
    Deposits held in domestic offices $411,988
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $482

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $272,264
    Loan and leases loss allowance $3,334
    Total loans and leases (domestic) $275,598
    All real estate loans $219,194
    Real estate loans in domestic offices $219,194
    Construction and development loans $41,362
    Residential 1-4 family construction $10,985
    Other construction, all land development and other land $30,377
    Loans secured by nonfarm nonresidential properties $92,795
    Nonfarm nonresidential secured by owner-occupied properties $53,063
    Commercial real estate & other non-farm, non-residential $39,732
    Multifamily residential real estate $6,949
    1-4 family residential loans $68,781
    Farmland loans $9,307
    Loans held in foreign offices $0
    Farm loans $10,610
    Commercial and industrial loans $31,544
    To non-U.S. addressees $0
    Loans to individuals $12,244
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,072
    Other loans to individuals $10,172
    All other loans & leases $2,005
    Loans to foreign governments and official institutions $0
    Other loans $85
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $6,140
    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 $272,264,000 of loans outstanding in 2021. $219,194,000 of loans were in real estate loans. $41,362,000 of loans were in development loans. $6,949,000 of loans were in multifamily mortgage loans. $68,781,000 of loans were in 1-4 family mortgage loans. $10,610,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,072,000 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 206 $41,218 $200,087
    Nonfarm, nonresidential loans - <$100k 59 $2,375 $40,254
    Nonfarm, nonresidential loans - $100-250k 68 $8,869 $130,426
    Nonfarm, nonresidential loans - $250k-1MM 79 $29,974 $379,418
    Commercial & Industrial, US addressed loans - <$1MM 420 $23,705 $56,440
    Commercial & Industrial, US addressed loans - <$100k 329 $8,181 $24,866
    Commercial & Industrial, US addressed loans - $100-250k 60 $5,518 $91,967
    Commercial & Industrial, US addressed loans - $250k-1MM 31 $10,006 $322,774
    Farmland loans - <$1MM 53 $5,517 $104,094
    Farmland loans - <$100k 24 $907 $37,792
    Farmland loans - $100-250k 19 $2,055 $108,158
    Farmland loans - $250k-1MM 10 $2,555 $255,500
    Agriculture operations loans - <$1MM 71 $2,934 $41,324
    Agriculture operations loans - <$100k 46 $830 $18,043
    Agriculture operations loans - $100-250k 13 $827 $63,615
    Agriculture operations loans - $250k-1MM 12 $1,277 $106,417