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

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, Lake Charles, Lafayette, Opelousas, and Fort Polk South among others. We have data for 16 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 about average 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

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

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

Loan Type:

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

526

Origination Dollar Volume (All Markets)

$72,860,000

Employee count

170

Awards

The Evangeline Bank & Trust Company 30 Year Conventional Loans gold

Show all (3) 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)	221	$24,135,000	$109,208	$834	5.06%
LAKE CHARLES, LA (FHA\|USDA\|VA)	51	$13,525,000	$265,196	$2,544	4.67%
Outside of Metro Areas	149	$12,085,000	$81,107	$862	5.12%
LAFAYETTE, LA (FHA\|USDA\|VA)	45	$7,515,000	$167,000	$1,389	5.05%
Opelousas, LA (FHA\|USDA\|VA)	29	$6,665,000	$229,828	$1,002	5.02%
Fort Polk South, LA (FHA\|USDA\|VA)	12	$4,260,000	$355,000	$1,384	5.25%
Natchitoches, LA (FHA\|USDA\|VA)	3	$1,555,000	$518,333	$239	5.00%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	2	$1,280,000	$640,000	$0	4.25%
MONROE, LA (FHA\|USDA\|VA)	3	$415,000	$138,333	$139	4.75%
Ruston, LA (FHA\|USDA\|VA)	2	$400,000	$200,000	$2,912	4.63%
DeRidder, LA (FHA\|USDA\|VA)	3	$355,000	$118,333	$1,600	5.35%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	1	$295,000	$295,000	$3,219	5.50%
Jennings, LA (FHA\|USDA\|VA)	2	$220,000	$110,000	$250	4.38%
JACKSON, MS (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	4.50%
BATON ROUGE, LA (FHA\|USDA\|VA)	1	$55,000	$55,000	$139	4.50%
Natchez, MS-LA (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	4.75%

The Evangeline Bank & Trust Company's top markets include Alexandria, Lake Charles, Lafayette, Opelousas, and Fort Polk South among others.

Their top states include:

Louisiana (FHA|USDA|VA)

Tennessee (FHA|USDA|VA)

Mississippi (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.

DSLD MORTGAGE, LLC
Similarity Rank: 220

The Evangeline Bank & Trust Company
Similarity Rank: 256

La Capitol Federal Credit Union
Similarity Rank: 323

Jeff Davis Bancshares
Similarity Rank: 495

STANDARD MORTGAGE CORPORATION
Similarity Rank: 603

Sabine State Bank and Trust Company
Similarity Rank: 1323

Red River Bank
Similarity Rank: 1458

TIB The Independent Bankersbank
Similarity Rank: 1881

Hancock Whitney Bank
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CLEARPATH LENDING
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	526	$72,860,000	$138,517	$965	5.03%

For 2020, The Evangeline Bank & Trust Company's most frequently originated type of loan was Conventional, with 526 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	316	$43,640,000	$138,101	$514	5.01%
Home Purchase	183	$27,805,000	$151,940	$1,945	5.02%
Home Improvement	16	$890,000	$55,625	$1,364	5.13%
Other	11	$525,000	$47,727	$1,440	5.66%

For 2020, The Evangeline Bank & Trust Company's most frequently cited loan purpose was Refi, with 316 originations. The 2nd most popular reason was Home Purchase, with 183 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
5 Year	188	$34,480,000	$183,404	$518	4.80%
15 Year	90	$7,730,000	$85,889	$1,102	5.28%
10 Year	88	$5,470,000	$62,159	$599	5.25%
20 Year	53	$6,225,000	$117,453	$1,031	5.14%
Other	46	$7,690,000	$167,174	$979	5.07%
30 Year	45	$8,695,000	$193,222	$1,284	4.94%
1 Year	12	$1,630,000	$135,833	$0	4.90%
3 Year	4	$940,000	$235,000	$0	4.56%

For 2020, The Evangeline Bank & Trust Company's most frequently cited loan duration was 5 Year, with 188 originations. The 2nd most popular length was 15 Year, with 90 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	233	$22,775,000	$97,747

The Evangeline Bank & Trust Company's average total fees were $1,284, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 233 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	272	$44,500,000	$163,603
5-6%	178	$14,870,000	$83,539
3-4%	40	$11,190,000	$279,750
6-7%	30	$2,120,000	$70,667
7-8%	4	$110,000	$27,500
<2.5%	1	$35,000	$35,000
Over 8%	1	$35,000	$35,000

During 2020, The Evangeline Bank & Trust Company's average interest rate for loans was 4.94%, while their most frequently originated rate bucket for loans was 4-5%, with 272 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	338	$16,510,000	$48,846	$883	5.15%
$100k-200k	108	$14,780,000	$136,852	$736	4.91%
$200k-400k	53	$14,875,000	$280,660	$2,013	4.87%
$1MM+	10	$16,770,000	$1,677,000	$0	4.30%
$400k-600k	9	$4,085,000	$453,889	$189	4.56%
$600k-1MM	8	$5,840,000	$730,000	$3,378	4.28%

2020 saw The Evangeline Bank & Trust Company place emphasis on $100,000 or less loans with 338 originations, totaling $16,510,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	100	$5,210,000	$52,100	$859	5.45%
$50k-75k	79	$5,935,000	$75,127	$948	5.18%
$75k-100k	58	$6,120,000	$105,517	$873	5.25%
$100k-150k	56	$5,390,000	$96,250	$1,031	5.00%
$150k-250k	35	$5,025,000	$143,571	$1,369	4.99%
$250k+	20	$3,510,000	$175,500	$961	4.90%

The Evangeline Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 100 originations. The second most popular income band? $50k-75k, with 79 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
<20%	66	$4,730,000	$71,667	$819	5.14%
20-30%	61	$4,885,000	$80,082	$1,048	5.23%
30-36%	36	$3,350,000	$93,056	$1,177	5.26%
>60%	13	$1,415,000	$108,846	$1,006	5.25%
50-60%	13	$1,295,000	$99,615	$841	5.44%
37%	9	$1,215,000	$135,000	$1,023	5.83%
48%	8	$1,240,000	$155,000	$483	5.25%
38%	7	$1,245,000	$177,857	$925	5.54%
39%	7	$695,000	$99,286	$748	5.46%
46%	7	$1,195,000	$170,714	$1,388	5.54%
47%	4	$400,000	$100,000	$294	5.56%
42%	3	$385,000	$128,333	$1,715	5.25%
40%	3	$465,000	$155,000	$930	5.83%
36%	3	$305,000	$101,667	$322	5.42%
44%	2	$110,000	$55,000	$139	4.63%
41%	2	$120,000	$60,000	$284	5.13%
49%	2	$330,000	$165,000	$1,059	5.00%
45%	2	$70,000	$35,000	$1,514	6.13%
43%	2	$180,000	$90,000	$697	5.00%

The Evangeline Bank & Trust Company lent most frequently to those with DTI ratios of <20%, with 66 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
Not applicable	161	$40,135,000	$249,286	$0	4.64%
White	333	$30,365,000	$91,186	$992	5.19%
Black	28	$1,480,000	$52,857	$647	5.31%
Asian	2	$470,000	$235,000	$153	4.88%
Chinese	1	$365,000	$365,000	$1,792	4.75%
Asian Indian	1	$45,000	$45,000	$139	4.25%

Approval Rates

Total approvals of all applications
94.68%

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

Pick Rate

Approvals leading to origination
88.40%

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

Points and Fees

Points	Originations	Total Value	Average Loan
NA	526	$72,860,000	$138,517

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	6	$580,000	$96,667
Multifamily:Site-Built	54	$29,090,000	$538,704
Single Family (1-4 Units):Manufactured	127	$7,095,000	$55,866
Single Family (1-4 Units):Site-Built	339	$36,095,000	$106,475

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	80	$6,290,000	$78,625	$570	4.99%
40-60%	106	$10,500,000	$99,057	$586	4.99%
60-80%	173	$32,855,000	$189,913	$1,118	5.10%
80-100%	118	$20,490,000	$173,644	$1,464	5.03%
Over 100%	2	$180,000	$90,000	$589	5.13%
Under 20%	47	$2,545,000	$54,149	$150	4.92%

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
TD BANK US HOLDING COMPANY	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	22	14.9%
TD BANK US HOLDING COMPANY	Conventional home mortgage	Closing on a mortgage	17	11.5%
TD BANK US HOLDING COMPANY	Conventional home mortgage	Credit monitoring or identity theft protection services	1	0.7%
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	1	0.7%
TD BANK US HOLDING COMPANY	Conventional home mortgage	Struggling to pay mortgage	4	2.7%
TD BANK US HOLDING COMPANY	Conventional home mortgage	Trouble during payment process	51	34.5%
TD BANK US HOLDING COMPANY	FHA mortgage	Applying for a mortgage or refinancing an existing mortgage	2	1.4%
TD BANK US HOLDING COMPANY	FHA mortgage	Trouble during payment process	3	2.0%
TD BANK US HOLDING COMPANY	Home equity loan or line of credit (HELOC)	Applying for a mortgage or refinancing an existing mortgage	5	3.4%
TD BANK US HOLDING COMPANY	Home equity loan or line of credit (HELOC)	Closing on a mortgage	7	4.7%
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	4	2.7%
TD BANK US HOLDING COMPANY	Home equity loan or line of credit (HELOC)	Trouble during payment process	17	11.5%
TD BANK US HOLDING COMPANY	Other type of mortgage	Applying for a mortgage or refinancing an existing mortgage	2	1.4%
TD BANK US HOLDING COMPANY	Other type of mortgage	Closing on a mortgage	2	1.4%
TD BANK US HOLDING COMPANY	Other type of mortgage	Trouble during payment process	8	5.4%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
The Evangeline Bank and Trust Company	3355 Masonic Drive Alexandria, LA 71301	Full Service B&M	$15,016
The Evangeline Bank and Trust Company	3403 Highway 28 East Pineville, LA 71360	Full Service B&M	$31,780
The Evangeline Bank and Trust Company	3700 Jackson Street Alexandria, LA 71315	Full Service B&M	$146,654
The Evangeline Bank and Trust Company	3700 Monroe Highway Pineville, LA 71360	Full Service B&M	$13,526
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	4251 Nelson Rd Lake Charles, LA 70605	Full Service B&M	$2,066
The Evangeline Bank and Trust Company	497 West Main Street Ville Platte, LA 70586	Full Service B&M	$254,067
The Evangeline Bank and Trust Company	5th Street And Avenue G Crowley, LA 70526	Full Service B&M	$72,744
The Evangeline Bank and Trust Company	930 South Union St Opelousas, LA 70570	Full Service B&M	$339

For 2020, The Evangeline Bank & Trust Company had 10 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$28,598
Net interest income	$24,331
Total noninterest income	$2,531
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$591
Trading account gains and fees	$0
Additional Noninterest Income	$1,940
Pre-tax net operating income	$7,745
Securities gains (or losses, -)	$0
Income before extraordinary items	$6,100
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$6,100
Minority interest net income	$0
Net income	$6,100
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$6,100

The Evangeline Bank & Trust Company's gross interest income from loans was $28,598,000.
The Evangeline Bank & Trust Company's net interest income from loans was $24,331,000.
The Evangeline Bank & Trust Company's fee based income from loans was $591,000.
The Evangeline Bank & Trust Company's net income from loans was $6,100,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$4,267
Provision for credit losses	$1,929
Total noninterest expense	$17,188
Salaries and employee benefits	$9,972
Premises and equipment expense	$1,653
Additional noninterest expense	$5,563
Applicable income taxes	$1,645
Net charge-offs	$674
Cash dividends	$4,260

The Evangeline Bank & Trust Company's interest expense for loans was $4,267,000.
The Evangeline Bank & Trust Company's payroll and benefits expense were $9,972,000.
The Evangeline Bank & Trust Company's property, plant and equipment expenses $1,653,000.

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	1.0%
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	0.0%
Personal loans	0.0%
Credit card loans	0.2%
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	$616,432
Deposits held in domestic offices	$616,432
Deposits by Individuals, partnerships, and corporations	$532,620
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$83,812
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	$237,065
Demand deposits	$190,010
Nontransaction accounts	$379,367
Money market deposit accounts (MMDAs)	$5,249
Other savings deposits (excluding MMDAs)	$148,320
Total time deposits	$225,798
Total time and savings deposits	$426,422
Noninterest-bearing deposits	$190,010
Interest-bearing deposits	$426,422
Retail deposits	$529,991
IRAs and Keogh plan accounts	$19,696
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$735,532
Cash & Balances due from depository institutions	$34,614
Interest-bearing balances	$25,803
Total securities	$119,090
Federal funds sold & reverse repurchase	$4,975
Net loans and leases	$544,983
Loan and leases loss allowance	$5,619
Trading account assets	$0
Bank premises and fixed assets	$10,730
Other real estate owned	$1,150
Goodwill and other intangibles	$0
All other assets	$19,990

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$735,532
Total Liabilities	$621,689
Total deposits	$616,432
Interest-bearing deposits	$426,422
Deposits held in domestic offices	$616,432
% insured (estimated)	$74
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$3,500
Subordinated debt	$0
All other liabilities	$1,757

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$544,983
Loan and leases loss allowance	$5,619
Total loans and leases (domestic)	$550,602
All real estate loans	$438,620
Real estate loans in domestic offices	$438,620
Construction and development loans	$60,470
Residential 1-4 family construction	$14,722
Other construction, all land development and other land	$45,748
Loans secured by nonfarm nonresidential properties	$158,878
Nonfarm nonresidential secured by owner-occupied properties	$118,700
Commercial real estate & other non-farm, non-residential	$40,178
Multifamily residential real estate	$18,036
1-4 family residential loans	$172,882
Farmland loans	$28,354
Loans held in foreign offices	$0
Farm loans	$21,006
Commercial and industrial loans	$67,818
To non-U.S. addressees	$0
Loans to individuals	$23,355
Credit card loans	$1,515
Related Plans	$102
Consumer Auto Loans	$5,244
Other loans to individuals	$16,494
All other loans & leases	$427
Loans to foreign governments and official institutions	$0
Other loans	$59
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	$12
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

The Evangeline Bank & Trust Company had $544,983,000 of loans outstanding in 2020. $438,620,000 of loans were in real estate loans. $60,470,000 of loans were in development loans. $18,036,000 of loans were in multifamily mortgage loans. $172,882,000 of loans were in 1-4 family mortgage loans. $21,006,000 of loans were in farm loans. $1,515,000 of loans were in credit card loans. $5,244,000 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	$60,249	$159,389
Nonfarm, nonresidential loans - <$100k	173	$6,489	$37,509
Nonfarm, nonresidential loans - $100-250k	113	$14,157	$125,283
Nonfarm, nonresidential loans - $250k-1MM	92	$39,603	$430,467
Commercial & Industrial, US addressed loans - <$1MM	1,000	$45,623	$45,623
Commercial & Industrial, US addressed loans - <$100k	836	$20,522	$24,548
Commercial & Industrial, US addressed loans - $100-250k	113	$11,186	$98,991
Commercial & Industrial, US addressed loans - $250k-1MM	51	$13,915	$272,843
Farmland loans - <$1MM	130	$13,092	$100,708
Farmland loans - <$100k	73	$2,408	$32,986
Farmland loans - $100-250k	32	$3,911	$122,219
Farmland loans - $250k-1MM	25	$6,773	$270,920
Agriculture operations loans - <$1MM	106	$6,192	$58,415
Agriculture operations loans - <$100k	67	$1,562	$23,313
Agriculture operations loans - $100-250k	24	$2,111	$87,958
Agriculture operations loans - $250k-1MM	15	$2,519	$167,933