The Evangeline Bank & Trust Company Mortgage Rates, Fees & Info

Ville Platte, LA

LEI: 254900R51FSMCPO6HB07

Tax ID: 72-0180410

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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 Evangeline Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. The Evangeline Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Alexandria, Lafayette, Lake Charles, Opelousas, and Jennings among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Evangeline Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Evangeline Bank & Trust Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.69% 12/16/24
    30 Year Conventional Refi 8.01% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    30 Year USDA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 7.66% 12/16/24
    15 Year Conventional Refi 7.55% 12/16/24
    15 Year Cash-out Refi 7.55% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    The Evangeline Bank & Trust Company Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Evangeline Bank & Trust Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    533

    Origination Dollar Volume (All Markets)

    $56,045,000

    Employee count

    153

    Awards

    The Evangeline Bank & Trust Company 30 Year Conventional Loans gold The Evangeline Bank & Trust Company 30 Year Conventional Loans gold
    Show all (2) awards

    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
    ALEXANDRIA, LA (FHA|USDA|VA) 259 $27,245,000 $105,193 $739 6.37%
    Outside of Metro Areas 174 $14,890,000 $85,575 $851 6.45%
    LAFAYETTE, LA (FHA|USDA|VA) 54 $4,370,000 $80,926 $1,011 6.30%
    LAKE CHARLES, LA (FHA|USDA|VA) 10 $3,840,000 $384,000 $0 5.93%
    Opelousas, LA (FHA|USDA|VA) 21 $3,375,000 $160,714 $919 6.44%
    Jennings, LA (FHA|USDA|VA) 2 $1,220,000 $610,000 $2,089 5.75%
    BATON ROUGE, LA (FHA|USDA|VA) 2 $290,000 $145,000 $0 6.50%
    Fort Polk South, LA (FHA|USDA|VA) 5 $275,000 $55,000 $927 7.25%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.00%
    Natchitoches, LA (FHA|USDA|VA) 3 $185,000 $61,667 $0 6.50%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.75%
    Natchez, MS-LA (FHA|USDA|VA) 1 $45,000 $45,000 $139 6.50%
    The Evangeline Bank & Trust Company's top markets include Alexandria, Lafayette, Lake Charles, Opelousas, and Jennings among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Evangeline Bank & Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Jeff Davis Bancshares
    Similarity Rank: 312
    DSLD MORTGAGE, LLC
    Similarity Rank: 364
    Red River Bank
    Similarity Rank: 1080
    Sabine State Bank and Trust Company
    Similarity Rank: 1080
    TIB The Independent Bankersbank
    Similarity Rank: 1545
    Hancock Whitney Bank
    Similarity Rank: 2100
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    Similarity Rank: 4760
    BancorpSouth
    Similarity Rank: 4888

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 533 $56,045,000 $105,150 $817 6.39%

    For 2019, The Evangeline Bank & Trust Company's most frequently originated type of loan was Conventional, with 533 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 323 $32,585,000 $100,882 $464 6.45%
    Home Purchase 174 $21,880,000 $125,747 $1,533 6.26%
    Home Improvement 21 $1,075,000 $51,190 $611 6.05%
    Other 15 $505,000 $33,667 $1,376 7.02%

    For 2019, The Evangeline Bank & Trust Company's most frequently cited loan purpose was Refi, with 323 originations. The 2nd most popular reason was Home Purchase, with 174 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 185 $24,895,000 $134,568 $365 6.25%
    10 Year 92 $4,910,000 $53,370 $732 6.65%
    15 Year 86 $6,530,000 $75,930 $1,037 6.54%
    Other 64 $4,140,000 $64,688 $737 6.43%
    20 Year 55 $8,075,000 $146,818 $1,005 6.42%
    30 Year 24 $3,930,000 $163,750 $1,126 6.46%
    1 Year 23 $3,435,000 $149,348 $762 5.69%
    3 Year 4 $130,000 $32,500 $139 6.41%

    For 2019, The Evangeline Bank & Trust Company's most frequently cited loan duration was 5 Year, with 185 originations. The 2nd most popular length was 10 Year, with 92 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 261 $19,705,000 $75,498

    The Evangeline Bank & Trust Company's average total fees were $1,126, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 261 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 248 $17,740,000 $71,532
    5-6% 184 $29,390,000 $159,728
    7-8% 81 $6,215,000 $76,728
    4-5% 12 $2,450,000 $204,167
    Over 8% 7 $165,000 $23,571
    <2.5% 1 $85,000 $85,000

    During 2019, The Evangeline Bank & Trust Company's average interest rate for loans was 6.46%, while their most frequently originated rate bucket for loans was 6-7%, with 248 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 392 $17,210,000 $43,903 $819 6.48%
    $100k-200k 84 $11,600,000 $138,095 $786 6.22%
    $200k-400k 41 $10,635,000 $259,390 $879 6.07%
    $1MM+ 6 $10,110,000 $1,685,000 $0 5.68%
    $600k-1MM 6 $4,570,000 $761,667 $0 5.88%
    $400k-600k 4 $1,920,000 $480,000 $0 6.25%

    2019 saw The Evangeline Bank & Trust Company place emphasis on $100,000 or less loans with 392 originations, totaling $17,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 125 $5,505,000 $44,040 $886 6.66%
    $50k-75k 91 $6,555,000 $72,033 $824 6.68%
    $75k-100k 68 $4,690,000 $68,971 $861 6.45%
    $100k-150k 66 $5,710,000 $86,515 $725 6.40%
    $150k-250k 35 $3,605,000 $103,000 $918 6.29%
    $250k+ 12 $2,780,000 $231,667 $139 5.89%

    The Evangeline Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 125 originations. The second most popular income band? $50k-75k, with 91 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 69 $3,735,000 $54,130 $1,038 6.53%
    20-30% 61 $4,315,000 $70,738 $684 6.53%
    30-36% 37 $3,265,000 $88,243 $939 6.60%
    >60% 26 $1,310,000 $50,385 $335 6.89%
    50-60% 26 $2,480,000 $95,385 $759 6.53%
    44% 11 $765,000 $69,545 $1,465 6.63%
    39% 8 $810,000 $101,250 $1,035 6.53%
    37% 7 $305,000 $43,571 $1,395 6.79%
    45% 7 $655,000 $93,571 $695 6.29%
    47% 6 $720,000 $120,000 $679 6.83%
    49% 6 $390,000 $65,000 $713 6.54%
    43% 5 $665,000 $133,000 $477 6.60%
    38% 5 $355,000 $71,000 $1,304 6.15%
    36% 5 $425,000 $85,000 $168 6.80%
    42% 4 $140,000 $35,000 $252 6.25%
    40% 4 $400,000 $100,000 $764 6.63%
    46% 3 $175,000 $58,333 $977 6.42%
    41% 3 $275,000 $91,667 $297 6.92%
    48% 2 $190,000 $95,000 $1,664 6.90%

    The Evangeline Bank & Trust Company lent most frequently to those with DTI ratios of <20%, with 69 originations. The next most common DTI ratio? 20-30%, with 61 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 366 $26,890,000 $73,470 $840 6.51%
    Not applicable 127 $26,365,000 $207,598 $0 5.98%
    Black 32 $1,960,000 $61,250 $528 6.67%
    Asian 7 $775,000 $110,714 $1,070 6.14%
    Asian Indian 1 $55,000 $55,000 $139 6.25%

    Approval Rates

    Total approvals of all applications
    95.55%

    The Evangeline Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    87.62%

    The Evangeline Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 533 $56,045,000 $105,150

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 11 $4,925,000 $447,727
    Multifamily:Site-Built 29 $12,455,000 $429,483
    Single Family (1-4 Units):Manufactured 153 $7,205,000 $47,092
    Single Family (1-4 Units):Site-Built 340 $31,460,000 $92,529

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 111 $5,175,000 $46,622 $599 6.29%
    40-60% 126 $11,780,000 $93,492 $688 6.41%
    60-80% 144 $23,010,000 $159,792 $903 6.47%
    80-100% 84 $9,910,000 $117,976 $1,182 6.48%
    Over 100% 8 $330,000 $41,250 $14 6.03%
    Under 20% 59 $5,795,000 $98,220 $511 6.24%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 10 9.8%
    TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 34 33.3%
    TD BANK US HOLDING COMPANY FHA mortgage Struggling to pay mortgage 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 2 2.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 13 12.7%
    TD BANK US HOLDING COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Incorrect information on your report 2 2.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Struggling to pay mortgage 2 2.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 7 6.9%
    TD BANK US HOLDING COMPANY Reverse mortgage Closing on a mortgage 1 1.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Evangeline Bank and Trust Company 2020 E. Main Street Ville Platte, LA 70586 Limited, Drive-thru $0
    The Evangeline Bank and Trust Company 3355 Masonic Drive Alexandria, LA 71301 Full Service B&M $15,379
    The Evangeline Bank and Trust Company 3403 Highway 28 East Pineville, LA 71360 Full Service B&M $30,389
    The Evangeline Bank and Trust Company 3700 Jackson Street Alexandria, LA 71315 Full Service B&M $100,819
    The Evangeline Bank and Trust Company 3700 Monroe Highway Pineville, LA 71360 Full Service B&M $10,944
    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 $236,026
    The Evangeline Bank and Trust Company 5th Street And Avenue G Crowley, LA 70526 Full Service B&M $64,217

    For 2019, The Evangeline Bank & Trust Company had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,311
    Net interest income $23,100
    Total noninterest income $2,506
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $782
    Trading account gains and fees $0
    Additional Noninterest Income $1,724
    Pre-tax net operating income $8,584
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,960
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,960
    Minority interest net income $0
    Net income $6,960
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,960

    The Evangeline Bank & Trust Company's gross interest income from loans was $27,311,000.
    The Evangeline Bank & Trust Company's net interest income from loans was $23,100,000.
    The Evangeline Bank & Trust Company's fee based income from loans was $782,000.
    The Evangeline Bank & Trust Company's net income from loans was $6,960,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,211
    Provision for credit losses $463
    Total noninterest expense $16,559
    Salaries and employee benefits $9,725
    Premises and equipment expense $1,278
    Additional noninterest expense $5,556
    Applicable income taxes $1,624
    Net charge-offs $349
    Cash dividends $2,835

    The Evangeline Bank & Trust Company's interest expense for loans was $4,211,000.
    The Evangeline Bank & Trust Company's payroll and benefits expense were $9,725,000.
    The Evangeline Bank & Trust Company's property, plant and equipment expenses $1,278,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    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 $453,935
    Deposits held in domestic offices $453,935
    Deposits by Individuals, partnerships, and corporations $395,368
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $58,568
    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 $151,766
    Demand deposits $107,831
    Nontransaction accounts $302,170
    Money market deposit accounts (MMDAs) $6,006
    Other savings deposits (excluding MMDAs) $109,331
    Total time deposits $186,834
    Total time and savings deposits $346,105
    Noninterest-bearing deposits $107,831
    Interest-bearing deposits $346,104
    Retail deposits $399,434
    IRAs and Keogh plan accounts $18,326
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $583,164
    Cash & Balances due from depository institutions $15,937
    Interest-bearing balances $7,061
    Total securities $96,034
    Federal funds sold & reverse repurchase $5,000
    Net loans and leases $435,056
    Loan and leases loss allowance $4,364
    Trading account assets $0
    Bank premises and fixed assets $10,397
    Other real estate owned $1,508
    Goodwill and other intangibles $0
    All other assets $19,232

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $583,164
    Total Liabilities $471,664
    Total deposits $453,935
    Interest-bearing deposits $346,104
    Deposits held in domestic offices $453,935
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $14,573
    Subordinated debt $0
    All other liabilities $3,156

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $435,056
    Loan and leases loss allowance $4,364
    Total loans and leases (domestic) $439,420
    All real estate loans $356,008
    Real estate loans in domestic offices $356,008
    Construction and development loans $42,314
    Residential 1-4 family construction $11,735
    Other construction, all land development and other land $30,579
    Loans secured by nonfarm nonresidential properties $119,637
    Nonfarm nonresidential secured by owner-occupied properties $92,592
    Commercial real estate & other non-farm, non-residential $27,045
    Multifamily residential real estate $6,533
    1-4 family residential loans $159,725
    Farmland loans $27,799
    Loans held in foreign offices $0
    Farm loans $20,985
    Commercial and industrial loans $41,927
    To non-U.S. addressees $0
    Loans to individuals $19,875
    Credit card loans $1,521
    Related Plans $128
    Consumer Auto Loans $5,144
    Other loans to individuals $13,082
    All other loans & leases $683
    Loans to foreign governments and official institutions $0
    Other loans $199
    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 $50
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The Evangeline Bank & Trust Company had $435,056,000 of loans outstanding in 2019. $356,008,000 of loans were in real estate loans. $42,314,000 of loans were in development loans. $6,533,000 of loans were in multifamily mortgage loans. $159,725,000 of loans were in 1-4 family mortgage loans. $20,985,000 of loans were in farm loans. $1,521,000 of loans were in credit card loans. $5,144,000 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 378 $54,005 $142,870
    Nonfarm, nonresidential loans - <$100k 184 $6,626 $36,011
    Nonfarm, nonresidential loans - $100-250k 120 $14,245 $118,708
    Nonfarm, nonresidential loans - $250k-1MM 74 $33,134 $447,757
    Commercial & Industrial, US addressed loans - <$1MM 643 $27,626 $42,964
    Commercial & Industrial, US addressed loans - <$100k 544 $12,433 $22,855
    Commercial & Industrial, US addressed loans - $100-250k 62 $6,129 $98,855
    Commercial & Industrial, US addressed loans - $250k-1MM 37 $9,064 $244,973
    Farmland loans - <$1MM 125 $13,577 $108,616
    Farmland loans - <$100k 72 $2,452 $34,056
    Farmland loans - $100-250k 28 $3,607 $128,821
    Farmland loans - $250k-1MM 25 $7,518 $300,720
    Agriculture operations loans - <$1MM 104 $7,119 $68,452
    Agriculture operations loans - <$100k 67 $1,805 $26,940
    Agriculture operations loans - $100-250k 20 $1,811 $90,550
    Agriculture operations loans - $250k-1MM 17 $3,503 $206,059