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

2021 Data | 2020 Data | 2019 Data | 2018 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

Awards

The Evangeline Bank & Trust Company 30 Year Conventional Loans gold The Evangeline Bank & Trust Company 30 Year Conventional Loans gold The Evangeline Bank & Trust Company 30 Year Conventional Loans gold The Evangeline Bank & Trust Company 30 Year Conventional Loans gold
Show all (4) awards

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

Item Value (in 000's)
Total interest income $33,190
Net interest income $30,207
Total noninterest income $3,391
Gross Fiduciary activities income $0
Service charges on deposit accounts $621
Trading account gains and fees $0
Additional Noninterest Income $2,770
Pre-tax net operating income $11,570
Securities gains (or losses, -) $0
Income before extraordinary items $9,116
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $9,116
Minority interest net income $0
Net income $9,116
Sale, conversion, retirement of capital stock, net $0
Net operating income $9,116

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.

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 1.0%
Personal loans 0.0%
Credit card loans 0.1%
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 $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