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

Ville Platte, LA

LEI: 254900R51FSMCPO6HB07

Tax ID: 72-0180410

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Mortgage Data

Bank Data

Review & 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 by origination volume include: Lake Charles, Alexandria, Lafayette, Baton Rouge, and Deridder among others. We have data for 18 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.

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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

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

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
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.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 605 $106,065,000 $175,314 $1,494 4.77%

    For 2021, The Evangeline Bank & Trust Company's most frequently originated type of loan was Conventional, with 605 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, The Evangeline Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 347 originations. The 2nd most popular reason was 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 2021, The Evangeline Bank & Trust Company's most frequently cited loan duration was 5 Year, with 187 originations. The 2nd most popular length was 15 Year, with 117 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 205 $28,415,000 $138,610

    The Evangeline Bank & Trust Company's average total fees were $1,876, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 4.86%, while their most frequently originated rate bucket for loans was 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
    95.18%

    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
    88.93%

    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 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 4251 Nelson Rd Lake Charles, LA 70605 Full Service B&M $24,585
    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