The Evangeline Bank & Trust Company Mortgage Rates, Fees & Info
Ville Platte, LA
LEI: 254900R51FSMCPO6HB07
Tax ID: 72-0180410
2.7 stars
-
out of 5 stars, based on 25 reviews
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Mortgage Data
Bank Data
Overview
The Evangeline Bank & Trust Company is a
smaller
bank
specializing in
Home Purchase and Refi loans.
The Evangeline Bank & Trust Company has a high proportion of conventional loans.
Their top markets include Lake Charles, Alexandria, Lafayette, Baton Rouge, and Deridder among others. The Evangeline Bank & Trust Company has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
The Evangeline Bank & Trust Company is typically
a low fee
lendor.
Originations
605
Origination Dollar Volume (All Markets)
$106,065,000
Employee count
170
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The Evangeline Bank & Trust Company - 2021
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Relative Rate
The Evangeline Bank & Trust Company's average 30 year fixed rate mortgage of loans were
4.86%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 1.71%.
Relative Fees
The Evangeline Bank & Trust Company's average total fees for a 30 year fixed rate
mortgage are $1,876.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
LAKE CHARLES, LA (FHA|USDA|VA)
|
146
|
$29,090,000 |
$199,247 |
$2,300 |
4.64% |
|
ALEXANDRIA, LA (FHA|USDA|VA)
|
178
|
$27,630,000 |
$155,225 |
$1,234 |
4.75% |
|
Outside of Metro Areas
|
130 |
$19,580,000 |
$150,615 |
$1,216 |
5.02% |
|
LAFAYETTE, LA (FHA|USDA|VA)
|
64
|
$13,520,000 |
$211,250 |
$1,804 |
4.55% |
|
BATON ROUGE, LA (FHA|USDA|VA)
|
12
|
$4,330,000 |
$360,833 |
$0 |
4.33% |
|
DeRidder, LA (FHA|USDA|VA)
|
18
|
$2,360,000 |
$131,111 |
$1,692 |
4.96% |
|
Opelousas, LA (FHA|USDA|VA)
|
25
|
$2,125,000 |
$85,000 |
$2,035 |
5.23% |
|
Fort Polk South, LA (FHA|USDA|VA)
|
10
|
$1,750,000 |
$175,000 |
$1,563 |
4.73% |
|
Jennings, LA (FHA|USDA|VA)
|
7
|
$1,745,000 |
$249,286 |
$1,391 |
4.75% |
|
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA)
|
1
|
$655,000 |
$655,000 |
$0 |
3.75% |
|
Morgan City, LA (FHA|USDA|VA)
|
2
|
$610,000 |
$305,000 |
$1,775 |
4.50% |
|
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)
|
2
|
$550,000 |
$275,000 |
$0 |
4.38% |
|
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)
|
1
|
$545,000 |
$545,000 |
$7,110 |
4.50% |
|
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA)
|
3
|
$545,000 |
$181,667 |
$0 |
4.42% |
|
MONROE, LA (FHA|USDA|VA)
|
2
|
$360,000 |
$180,000 |
$3,117 |
4.50% |
|
Natchitoches, LA (FHA|USDA|VA)
|
2
|
$300,000 |
$150,000 |
$136 |
4.88% |
|
Branson, MO (FHA|USDA|VA)
|
1
|
$195,000 |
$195,000 |
$0 |
4.00% |
|
MOBILE, AL (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$1,934 |
5.00% |
The Evangeline Bank & Trust Company's top markets include Lake Charles, Alexandria, Lafayette, Baton Rouge, and Deridder among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
605 |
$106,065,000 |
$175,314 |
$1,494 |
4.77% |
For the 2021 period, The Evangeline Bank & Trust Company's most frequently
originated loan type
of loans were Conventional, with 605 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
347 |
$57,915,000 |
$166,902 |
$2,123 |
4.75% |
| Refi |
229 |
$45,715,000 |
$199,629 |
$682 |
4.79% |
| Home Improvement |
21 |
$1,825,000 |
$86,905 |
$1,166 |
4.83% |
| Other |
8 |
$610,000 |
$76,250 |
$1,059 |
4.91% |
For the 2021, The Evangeline Bank & Trust Company's most frequently cited loan
purpose
of loans were Home Purchase, with 347
originations.
The 2nd most popular reason of loans were Refi,
with 229 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 5 Year |
187 |
$40,255,000 |
$215,267 |
$625 |
4.60% |
| 15 Year |
117 |
$11,555,000 |
$98,761 |
$1,326 |
4.93% |
| 20 Year |
94 |
$21,550,000 |
$229,255 |
$1,495 |
4.64% |
| 30 Year |
65 |
$15,255,000 |
$234,692 |
$1,876 |
4.86% |
| 10 Year |
55 |
$4,485,000 |
$81,545 |
$962 |
5.06% |
| Other |
50 |
$8,050,000 |
$161,000 |
$1,616 |
4.93% |
| 1 Year |
36 |
$4,900,000 |
$136,111 |
$0 |
4.66% |
| 3 Year |
1 |
$15,000 |
$15,000 |
$0 |
4.50% |
For the 2021, The Evangeline Bank & Trust Company's most frequently cited loan
length
of loans were 5 Year, with 187 originations.
The 2nd most popular length of loans were 15 Year,
with 117 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $<1k |
205 |
$28,415,000 |
$138,610 |
$1,876 of loans were The Evangeline Bank & Trust Company's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 205 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 4-5% |
414 |
$65,460,000 |
$158,116 |
| 5-6% |
144 |
$16,360,000 |
$113,611 |
| 3-4% |
42 |
$23,760,000 |
$565,714 |
| 6-7% |
5 |
$485,000 |
$97,000 |
During 2021, The Evangeline Bank & Trust Company's average interest
rate of loans were 4.86%, while their
most frequently originated rate bucket of loans were 4-5%,
with 414 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100,000 or less |
328 |
$18,050,000 |
$55,030 |
$1,184 |
4.88% |
| $100k-200k |
157 |
$22,655,000 |
$144,299 |
$1,401 |
4.68% |
| $200k-400k |
73 |
$19,035,000 |
$260,753 |
$1,967 |
4.62% |
| $400k-600k |
20 |
$9,910,000 |
$495,500 |
$4,922 |
4.71% |
| $600k-1MM |
16 |
$11,780,000 |
$736,250 |
$3,222 |
4.45% |
| $1MM+ |
11 |
$24,635,000 |
$2,239,545 |
$5,632 |
4.23% |
2021 saw The Evangeline Bank & Trust Company place emphasis on
$100,000 or less loans
with 328 originations, totaling
$18,050,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $50k or less |
92 |
$5,410,000 |
$58,804 |
$1,343 |
5.12% |
| $50k-75k |
77 |
$7,365,000 |
$95,649 |
$1,337 |
5.05% |
| $100k-150k |
59 |
$8,905,000 |
$150,932 |
$1,859 |
4.83% |
| $75k-100k |
49 |
$5,955,000 |
$121,531 |
$1,339 |
4.88% |
| $150k-250k |
40 |
$6,420,000 |
$160,500 |
$1,826 |
4.67% |
| $250k+ |
26 |
$7,630,000 |
$293,462 |
$2,112 |
4.68% |
The Evangeline Bank & Trust Company lent most frequently to those with incomes in the
$50k or less range, with
92 originations.
The second most popular income band? $50k-75k,
with 77 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-30% |
64 |
$8,250,000 |
$128,906 |
$1,749 |
4.99% |
| <20% |
38 |
$3,630,000 |
$95,526 |
$1,031 |
4.95% |
| 30-36% |
34 |
$4,110,000 |
$120,882 |
$1,521 |
5.04% |
| 50-60% |
14 |
$2,230,000 |
$159,286 |
$1,293 |
4.87% |
| >60% |
11 |
$1,035,000 |
$94,091 |
$1,040 |
5.16% |
| 38% |
10 |
$1,560,000 |
$156,000 |
$1,887 |
5.10% |
| 46% |
8 |
$1,060,000 |
$132,500 |
$1,221 |
5.09% |
| 43% |
7 |
$865,000 |
$123,571 |
$1,614 |
5.04% |
| 45% |
6 |
$1,580,000 |
$263,333 |
$2,432 |
5.00% |
| 42% |
6 |
$810,000 |
$135,000 |
$2,340 |
5.21% |
| 49% |
4 |
$510,000 |
$127,500 |
$2,029 |
5.31% |
| 44% |
4 |
$670,000 |
$167,500 |
$1,772 |
5.31% |
| 36% |
4 |
$1,070,000 |
$267,500 |
$679 |
5.31% |
| 41% |
3 |
$235,000 |
$78,333 |
$1,405 |
5.00% |
| 48% |
2 |
$200,000 |
$100,000 |
$629 |
4.75% |
| 39% |
2 |
$140,000 |
$70,000 |
$1,411 |
5.00% |
| 37% |
2 |
$120,000 |
$60,000 |
$2,136 |
4.63% |
| 47% |
1 |
$485,000 |
$485,000 |
$4,681 |
5.00% |
| 40% |
1 |
$375,000 |
$375,000 |
$136 |
4.50% |
The Evangeline Bank & Trust Company lent most frequently to those with DTI ratios
of 20-30%, with
64 originations.
The next most common DTI ratio? <20%,
with 38 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Not applicable |
254 |
$63,390,000 |
$249,567 |
$0 |
4.55% |
| White |
314 |
$38,720,000 |
$123,312 |
$1,486 |
4.91% |
| Black |
34 |
$2,760,000 |
$81,176 |
$1,321 |
5.10% |
| Asian |
3 |
$1,195,000 |
$398,333 |
$2,885 |
4.92% |
Approval Rates
Total approvals of all applications
94.92%
The Evangeline Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination
88.74%
The Evangeline Bank & Trust Company has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| NA |
605 |
$106,065,000 |
$175,314 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
605 |
$106,065,000 |
$175,314 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
63 |
$7,405,000 |
$117,540 |
$799 |
4.96% |
| 40-60% |
105 |
$18,245,000 |
$173,762 |
$1,239 |
4.67% |
| 60-80% |
247 |
$51,135,000 |
$207,024 |
$1,635 |
4.71% |
| 80-100% |
157 |
$27,025,000 |
$172,134 |
$1,803 |
4.84% |
| Over 100% |
6 |
$360,000 |
$60,000 |
$1,383 |
5.13% |
| Under 20% |
27 |
$1,895,000 |
$70,185 |
$479 |
4.76% |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| TD BANK US HOLDING COMPANY |
Conventional home mortgage |
Applying for a mortgage or refinancing an existing mortgage |
24 |
16.9% |
| TD BANK US HOLDING COMPANY |
Conventional home mortgage |
Closing on a mortgage |
13 |
9.2% |
| TD BANK US HOLDING COMPANY |
Conventional home mortgage |
Improper use of your report |
1 |
0.7% |
| TD BANK US HOLDING COMPANY |
Conventional home mortgage |
Incorrect information on your report |
4 |
2.8% |
| TD BANK US HOLDING COMPANY |
Conventional home mortgage |
Struggling to pay mortgage |
6 |
4.2% |
| TD BANK US HOLDING COMPANY |
Conventional home mortgage |
Trouble during payment process |
37 |
26.1% |
| TD BANK US HOLDING COMPANY |
FHA mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
0.7% |
| TD BANK US HOLDING COMPANY |
FHA mortgage |
Struggling to pay mortgage |
2 |
1.4% |
| TD BANK US HOLDING COMPANY |
FHA mortgage |
Trouble during payment process |
1 |
0.7% |
| TD BANK US HOLDING COMPANY |
Home equity loan or line of credit (HELOC) |
Applying for a mortgage or refinancing an existing mortgage |
15 |
10.6% |
| TD BANK US HOLDING COMPANY |
Home equity loan or line of credit (HELOC) |
Closing on a mortgage |
6 |
4.2% |
| TD BANK US HOLDING COMPANY |
Home equity loan or line of credit (HELOC) |
Incorrect information on your report |
1 |
0.7% |
| TD BANK US HOLDING COMPANY |
Home equity loan or line of credit (HELOC) |
Struggling to pay mortgage |
2 |
1.4% |
| TD BANK US HOLDING COMPANY |
Home equity loan or line of credit (HELOC) |
Trouble during payment process |
11 |
7.7% |
| TD BANK US HOLDING COMPANY |
Other type of mortgage |
Applying for a mortgage or refinancing an existing mortgage |
7 |
4.9% |
| TD BANK US HOLDING COMPANY |
Other type of mortgage |
Closing on a mortgage |
1 |
0.7% |
| TD BANK US HOLDING COMPANY |
Other type of mortgage |
Struggling to pay mortgage |
1 |
0.7% |
| TD BANK US HOLDING COMPANY |
Other type of mortgage |
Trouble during payment process |
6 |
4.2% |
| TD BANK US HOLDING COMPANY |
VA mortgage |
Applying for a mortgage or refinancing an existing mortgage |
2 |
1.4% |
| TD BANK US HOLDING COMPANY |
VA mortgage |
Trouble during payment process |
1 |
0.7% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| The Evangeline Bank and Trust Company |
4251 Nelson Rd Lake Charles, LA 70605 |
Full Service B&M
|
$24,585 |
| The Evangeline Bank and Trust Company |
3355 Masonic Drive Alexandria, LA 71301 |
Full Service B&M
|
$15,659 |
| The Evangeline Bank and Trust Company |
3403 Highway 28 East Pineville, LA 71360 |
Full Service B&M
|
$37,406 |
| The Evangeline Bank and Trust Company |
3700 Jackson Street Alexandria, LA 71315 |
Full Service B&M
|
$151,401 |
| The Evangeline Bank and Trust Company |
3700 Monroe Highway Pineville, LA 71360 |
Full Service B&M
|
$18,140 |
| The Evangeline Bank and Trust Company |
3907 Parliament Drive Alexandria, LA 71303 |
Limited, Drive-thru
|
$0 |
| The Evangeline Bank and Trust Company |
420 W. Main Street Ville Platte, LA 70586 |
Limited, Drive-thru
|
$0 |
| The Evangeline Bank and Trust Company |
497 West Main Street Ville Platte, LA 70586 |
Full Service B&M
|
$313,691 |
| The Evangeline Bank and Trust Company |
5th Street And Avenue G Crowley, LA 70526 |
Full Service B&M
|
$79,591 |
| The Evangeline Bank and Trust Company |
700 St. John St. Lafayette, LA 70501 |
Full Service B&M
|
$5,511 |
| The Evangeline Bank and Trust Company |
930 South Union St Opelousas, LA 70570 |
Full Service B&M
|
$10,077 |
For 2021, The Evangeline Bank & Trust Company had 11 branches.
Yearly Performance Overview
Bank Income
The Evangeline Bank & Trust Company's gross interest income from loans was $33,190,000.
The Evangeline Bank & Trust Company's net interest income from loans was $30,207,000.
The Evangeline Bank & Trust Company's fee based income from loans was $621,000.
The Evangeline Bank & Trust Company's net income from loans was $9,116,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$2,983 |
| Provision for credit losses |
$615 |
| Total noninterest expense |
$21,413 |
| Salaries and employee benefits |
$13,532 |
| Premises and equipment expense |
$1,782 |
| Additional noninterest expense |
$6,099 |
| Applicable income taxes |
$2,454 |
| Net charge-offs |
$100 |
| Cash dividends |
$4,275 |
The Evangeline Bank & Trust Company's interest expense for loans was $2,983,000.
The Evangeline Bank & Trust Company's payroll and benefits expense were $13,532,000.
The Evangeline Bank & Trust Company's property, plant and equipment expenses $1,782,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$701,066 |
| Deposits held in domestic offices |
$701,066 |
| Deposits by Individuals, partnerships, and corporations |
$603,854 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$97,212 |
| 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 |
$270,698 |
| Demand deposits |
$216,416 |
| Nontransaction accounts |
$430,368 |
| Money market deposit accounts (MMDAs) |
$7,977 |
| Other savings deposits (excluding MMDAs) |
$202,676 |
| Total time deposits |
$219,716 |
| Total time and savings deposits |
$484,650 |
| Noninterest-bearing deposits |
$216,416 |
| Interest-bearing deposits |
$484,650 |
| Retail deposits |
$611,551 |
| IRAs and Keogh plan accounts |
$19,706 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$840,288 |
| Cash & Balances due from depository institutions |
$28,910 |
| Interest-bearing balances |
$18,586 |
| Total securities |
$114,730 |
| Federal funds sold & reverse repurchase |
$5,000 |
| Net loans and leases |
$660,701 |
| Loan and leases loss allowance |
$6,134 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$10,874 |
| Other real estate owned |
$247 |
| Goodwill and other intangibles |
$0 |
| All other assets |
$19,826 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$840,288 |
| Total Liabilities |
$722,262 |
| Total deposits |
$701,066 |
| Interest-bearing deposits |
$484,650 |
| Deposits held in domestic offices |
$701,066 |
| % insured (estimated) |
$70 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$20,000 |
| Subordinated debt |
$0 |
| All other liabilities |
$1,196 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$660,701 |
| Loan and leases loss allowance |
$6,134 |
| Total loans and leases (domestic) |
$666,835 |
| All real estate loans |
$553,228 |
| Real estate loans in domestic offices |
$553,228 |
| Construction and development loans |
$87,047 |
| Residential 1-4 family construction |
$22,905 |
| Other construction, all land development and other land |
$64,142 |
| Loans secured by nonfarm nonresidential properties |
$190,708 |
| Nonfarm nonresidential secured by owner-occupied properties |
$132,350 |
| Commercial real estate & other non-farm, non-residential |
$58,358 |
| Multifamily residential real estate |
$29,250 |
| 1-4 family residential loans |
$214,610 |
| Farmland loans |
$31,613 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$23,885 |
| Commercial and industrial loans |
$62,711 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$27,308 |
| Credit card loans |
$1,670 |
| Related Plans |
$91 |
| Consumer Auto Loans |
$5,297 |
| Other loans to individuals |
$20,250 |
| All other loans & leases |
$290 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$41 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$0 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$4 |
| Non 1-4 family restructured loans & leases |
$0 |
| Total loans and leases (foreign) |
$0 |
The Evangeline Bank & Trust Company had $660,701,000 of loans outstanding in 2021. $553,228,000 of loans were in real estate loans.
$87,047,000 of loans were in development loans. $29,250,000 of loans were in multifamily mortgage loans.
$214,610,000 of loans were in 1-4 family mortgage loans. $23,885,000 of loans were in farm loans. $1,670,000
of loans were in credit card loans. $5,297,000 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 |
420 |
$74,118 |
$176,471 |
| Nonfarm, nonresidential loans - <$100k |
167 |
$5,997 |
$35,910 |
| Nonfarm, nonresidential loans - $100-250k |
132 |
$17,013 |
$128,886 |
| Nonfarm, nonresidential loans - $250k-1MM |
121 |
$51,108 |
$422,380 |
| Commercial & Industrial, US addressed loans - <$1MM |
929 |
$44,641 |
$48,053 |
| Commercial & Industrial, US addressed loans - <$100k |
777 |
$19,334 |
$24,883 |
| Commercial & Industrial, US addressed loans - $100-250k |
104 |
$11,111 |
$106,837 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
48 |
$14,196 |
$295,750 |
| Farmland loans - <$1MM |
126 |
$13,251 |
$105,167 |
| Farmland loans - <$100k |
67 |
$2,357 |
$35,179 |
| Farmland loans - $100-250k |
37 |
$4,417 |
$119,378 |
| Farmland loans - $250k-1MM |
22 |
$6,477 |
$294,409 |
| Agriculture operations loans - <$1MM |
122 |
$7,818 |
$64,082 |
| Agriculture operations loans - <$100k |
75 |
$1,832 |
$24,427 |
| Agriculture operations loans - $100-250k |
24 |
$2,161 |
$90,042 |
| Agriculture operations loans - $250k-1MM |
23 |
$3,825 |
$166,304 |
