South Louisiana Bank Mortgage Rates, Fees & Info

Houma, LA

LEI: 5493001P1J1K386Q4G58

Tax ID: 72-0884012

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    South Louisiana Bank is a smaller bank specializing in Home Purchase loans. South Louisiana Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houma, Baton Rouge, New Orleans, Mccomb, and Gulfport among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    South Louisiana Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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.

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    Originations

    64

    Origination Dollar Volume (All Markets)

    $9,780,000

    Employee count

    133

    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
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 53 $6,665,000 $125,755 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 6 $1,900,000 $316,667 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $565,000 $188,333 $0 0.00%
    McComb, MS (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    South Louisiana Bank's top markets include Houma, Baton Rouge, New Orleans, Mccomb, and Gulfport among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $9,780,000 $152,813 $0 0.00%

    For 2020, South Louisiana Bank's most frequently originated type of loan was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 36 $5,610,000 $155,833 $0 0.00%
    Refi 13 $1,665,000 $128,077 $0 0.00%
    Cash Out Refi 8 $1,920,000 $240,000 $0 0.00%
    Home Improvement 6 $350,000 $58,333 $0 0.00%
    Other 1 $235,000 $235,000 $0 0.00%

    For 2020, South Louisiana Bank's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 64 $9,780,000 $152,813 $0 0.00%

    For 2020, South Louisiana Bank's most frequently cited loan duration was Other, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $1,940,000 $53,889 $0 0.00%
    $100k-200k 13 $1,725,000 $132,692 $0 0.00%
    $200k-400k 8 $2,070,000 $258,750 $0 0.00%
    $400k-600k 4 $1,810,000 $452,500 $0 0.00%
    $600k-1MM 3 $2,235,000 $745,000 $0 0.00%

    2020 saw South Louisiana Bank place emphasis on $100,000 or less loans with 36 originations, totaling $1,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3 $715,000 $238,333 $0 0.00%
    $50k or less 3 $135,000 $45,000 $0 0.00%
    $150k-250k 1 $125,000 $125,000 $0 0.00%

    South Louisiana Bank lent most frequently to those with incomes in the $100k-150k range, with 3 originations. The second most popular income band? $50k or less, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 64 $9,780,000 $152,813 $0 0.00%

    South Louisiana Bank lent most frequently to those with DTI ratios of Exempt%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 32 $6,040,000 $188,750 $0 0.00%
    White 29 $3,505,000 $120,862 $0 0.00%
    American Indian 2 $120,000 $60,000 $0 0.00%
    Black 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.11%

    South Louisiana Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.13%

    South Louisiana Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 64 $9,780,000 $152,813

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 6 $2,390,000 $398,333
    Multifamily:Site-Built 3 $675,000 $225,000
    Single Family (1-4 Units):Manufactured 10 $610,000 $61,000
    Single Family (1-4 Units):Site-Built 45 $6,105,000 $135,667

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    South Louisiana Bank 1308 Grand Caillou Road Houma, LA 70361 Full Service B&M $63,752
    South Louisiana Bank 1362 West Tunnel Boulevard Houma, LA 70360 Full Service B&M $325,248
    South Louisiana Bank 2010 Bayou Blue Road Houma, LA 70364 Full Service B&M $23,226
    South Louisiana Bank 3916 Highway 311 Houma, LA 70360 Full Service B&M $19,912
    South Louisiana Bank 4343 Highway 24 Bourg, LA 70343 Full Service B&M $49,618
    South Louisiana Bank 6405 West Park Avenue Houma, LA 70364 Full Service B&M $17,010
    South Louisiana Bank 921 Canal Blvd. Thibodaux, LA 70301 Full Service B&M $7,732

    For 2020, South Louisiana Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,100
    Net interest income $19,328
    Total noninterest income $6,485
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $886
    Trading account gains and fees $0
    Additional Noninterest Income $5,599
    Pre-tax net operating income $7,641
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,061
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,061
    Minority interest net income $0
    Net income $6,061
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,061

    South Louisiana Bank's gross interest income from loans was $22,100,000.
    South Louisiana Bank's net interest income from loans was $19,328,000.
    South Louisiana Bank's fee based income from loans was $886,000.
    South Louisiana Bank's net income from loans was $6,061,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,772
    Provision for credit losses $2,000
    Total noninterest expense $16,172
    Salaries and employee benefits $10,484
    Premises and equipment expense $2,118
    Additional noninterest expense $3,570
    Applicable income taxes $1,580
    Net charge-offs $1,231
    Cash dividends $3,374

    South Louisiana Bank's interest expense for loans was $2,772,000.
    South Louisiana Bank's payroll and benefits expense were $10,484,000.
    South Louisiana Bank's property, plant and equipment expenses $2,118,000.

    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 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 1.0%
    All other family 3.0%
    Commercial & industrial loans 1.0%
    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 $503,174
    Deposits held in domestic offices $503,174
    Deposits by Individuals, partnerships, and corporations $475,142
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $26,241
    Deposits by Commercial banks and other depository institutions in U.S. $1,792
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $228,168
    Demand deposits $187,026
    Nontransaction accounts $275,007
    Money market deposit accounts (MMDAs) $80,452
    Other savings deposits (excluding MMDAs) $79,824
    Total time deposits $114,732
    Total time and savings deposits $316,149
    Noninterest-bearing deposits $187,026
    Interest-bearing deposits $316,148
    Retail deposits $442,081
    IRAs and Keogh plan accounts $10,860
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $583,717
    Cash & Balances due from depository institutions $173,969
    Interest-bearing balances $152,689
    Total securities $54,061
    Federal funds sold & reverse repurchase $0
    Net loans and leases $333,269
    Loan and leases loss allowance $12,423
    Trading account assets $0
    Bank premises and fixed assets $7,452
    Other real estate owned $193
    Goodwill and other intangibles $998
    All other assets $13,775

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $583,717
    Total Liabilities $509,636
    Total deposits $503,174
    Interest-bearing deposits $316,148
    Deposits held in domestic offices $503,174
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $565
    Subordinated debt $0
    All other liabilities $5,897

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $333,269
    Loan and leases loss allowance $12,423
    Total loans and leases (domestic) $345,692
    All real estate loans $202,050
    Real estate loans in domestic offices $202,050
    Construction and development loans $30,830
    Residential 1-4 family construction $2,933
    Other construction, all land development and other land $27,897
    Loans secured by nonfarm nonresidential properties $116,396
    Nonfarm nonresidential secured by owner-occupied properties $65,042
    Commercial real estate & other non-farm, non-residential $51,354
    Multifamily residential real estate $4,173
    1-4 family residential loans $47,365
    Farmland loans $3,286
    Loans held in foreign offices $0
    Farm loans $1,332
    Commercial and industrial loans $131,413
    To non-U.S. addressees $0
    Loans to individuals $8,700
    Credit card loans $164
    Related Plans $998
    Consumer Auto Loans $913
    Other loans to individuals $6,625
    All other loans & leases $3,700
    Loans to foreign governments and official institutions $0
    Other loans $3,447
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $500
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $180
    Non 1-4 family restructured loans & leases $8
    Total loans and leases (foreign) $0

    South Louisiana Bank had $333,269,000 of loans outstanding in 2020. $202,050,000 of loans were in real estate loans. $30,830,000 of loans were in development loans. $4,173,000 of loans were in multifamily mortgage loans. $47,365,000 of loans were in 1-4 family mortgage loans. $1,332,000 of loans were in farm loans. $164,000 of loans were in credit card loans. $913,000 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 222 $57,492 $258,973
    Nonfarm, nonresidential loans - <$100k 36 $1,748 $48,556
    Nonfarm, nonresidential loans - $100-250k 74 $10,325 $139,527
    Nonfarm, nonresidential loans - $250k-1MM 112 $45,419 $405,527
    Commercial & Industrial, US addressed loans - <$1MM 1,241 $81,103 $65,353
    Commercial & Industrial, US addressed loans - <$100k 942 $23,020 $24,437
    Commercial & Industrial, US addressed loans - $100-250k 186 $21,713 $116,737
    Commercial & Industrial, US addressed loans - $250k-1MM 113 $36,370 $321,858
    Farmland loans - <$1MM 14 $1,365 $97,500
    Farmland loans - <$100k 8 $285 $35,625
    Farmland loans - $100-250k 5 $635 $127,000
    Farmland loans - $250k-1MM 1 $445 $445,000
    Agriculture operations loans - <$1MM 33 $1,163 $35,242
    Agriculture operations loans - <$100k 29 $434 $14,966
    Agriculture operations loans - $100-250k 1 $10 $10,000
    Agriculture operations loans - $250k-1MM 3 $719 $239,667