M C Bank & Trust Company Mortgage Rates, Fees & Info
Morgan City, LALEI: 54930045EHC4UJU3BP73
Tax ID: 72-0465558
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
M C Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. M C Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Heber, New Orleans, Morgan City, Lafayette, and Baton Rouge among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)M C Bank & Trust Company 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.
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Originations
106Origination Dollar Volume (All Markets)
$21,720,000Top 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 |
|---|---|---|---|---|---|
| Heber, UT (FHA|USDA|VA) | 1 | $4,795,000 | $4,795,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 13 | $4,255,000 | $327,308 | $0 | 0.00% |
| Morgan City, LA (FHA|USDA|VA) | 43 | $3,665,000 | $85,233 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 18 | $3,650,000 | $202,778 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 13 | $1,825,000 | $140,385 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 13 | $1,665,000 | $128,077 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 106 | $21,720,000 | $204,906 | $0 | 0.00% |
For 2023, M C Bank & Trust Company's most frequently originated type of loan was Conventional, with 106 originations.
Loan Reason
For 2023, M C Bank & Trust Company's most frequently cited loan purpose was Refi, with 53 originations. The 2nd most popular reason was Home Purchase, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 106 | $21,720,000 | $204,906 | $0 | 0.00% |
For 2023, M C Bank & Trust Company's most frequently cited loan duration was Other, with 106 originations.
Loan Sizing
2023 saw M C Bank & Trust Company place emphasis on $100,000 or less loans with 60 originations, totaling $3,270,000 in origination value.
Applicant Income
M C Bank & Trust Company lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 106 | $21,720,000 | $204,906 | $0 | 0.00% |
M C Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 106 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.17%
M C Bank & Trust Company has a below average approval rate.
Pick Rate
Approvals leading to origination74.53%
M C Bank & Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 106 | $21,720,000 | $204,906 |