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 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.

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%	4/21/24
30 Year Conventional Refi	8.01%	4/21/24
30 Year FHA Purchase	6.27%	4/21/24
30 Year USDA Purchase	6.27%	4/21/24
15 Year Conventional Purchase	7.66%	4/21/24
15 Year Conventional Refi	7.55%	4/21/24
15 Year Cash-out Refi	7.55%	4/21/24
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

605

Origination Dollar Volume (All Markets)

$106,065,000

Employee count

170

Awards

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)

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: 378

STANDARD MORTGAGE CORPORATION
Similarity Rank: 448

BARKSDALE
Similarity Rank: 704

The Evangeline Bank & Trust Company
Similarity Rank: 918

Sabine State Bank and Trust Company
Similarity Rank: 1064

Red River Bank
Similarity Rank: 1836

TIB The Independent Bankersbank
Similarity Rank: 1860

Hancock Whitney Bank
Similarity Rank: 2016

Merchants Bank of Indiana
Similarity Rank: 2079

BancorpSouth
Similarity Rank: 4320

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