M C Bank & Trust Company Mortgage Rates, Fees & Info

Morgan City, LA

LEI: 54930045EHC4UJU3BP73

Tax ID: 72-0465558

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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)

    • 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: Morgan City, Lafayette, New Orleans, Dallas, and Baton Rouge among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    M C Bank & Trust Company has a below 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

    52

    Origination Dollar Volume (All Markets)

    $7,410,000

    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
    Morgan City, LA (FHA|USDA|VA) 30 $2,960,000 $98,667 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 9 $1,875,000 $208,333 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 5 $1,385,000 $277,000 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $685,000 $685,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 5 $375,000 $75,000 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
    M C Bank & Trust Company's top markets include Morgan City, Lafayette, New Orleans, Dallas, and Baton Rouge among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 52 $7,410,000 $142,500 $0 0.00%

    For 2024, M C Bank & Trust Company's most frequently originated type of loan was Conventional, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 33 $3,495,000 $105,909 $0 0.00%
    Home Purchase 13 $3,575,000 $275,000 $0 0.00%
    Home Improvement 4 $150,000 $37,500 $0 0.00%
    Other 2 $190,000 $95,000 $0 0.00%

    For 2024, M C Bank & Trust Company's most frequently cited loan purpose was Refi, with 33 originations. The 2nd most popular reason was Home Purchase, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 52 $7,410,000 $142,500 $0 0.00%

    For 2024, M C Bank & Trust Company's most frequently cited loan duration was Other, with 52 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 32 $1,710,000 $53,438 $0 0.00%
    $100k-200k 9 $1,045,000 $116,111 $0 0.00%
    $200k-400k 7 $1,965,000 $280,714 $0 0.00%
    $400k-600k 2 $1,030,000 $515,000 $0 0.00%
    $600k-1MM 2 $1,660,000 $830,000 $0 0.00%

    2024 saw M C Bank & Trust Company place emphasis on $100,000 or less loans with 32 originations, totaling $1,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 9 $545,000 $60,556 $0 0.00%
    $50k-75k 6 $550,000 $91,667 $0 0.00%
    $50k or less 6 $290,000 $48,333 $0 0.00%
    $100k-150k 4 $250,000 $62,500 $0 0.00%
    $150k-250k 2 $100,000 $50,000 $0 0.00%
    $250k+ 1 $685,000 $685,000 $0 0.00%

    M C Bank & Trust Company lent most frequently to those with incomes in the $75k-100k range, with 9 originations. The second most popular income band? $50k-75k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 52 $7,410,000 $142,500 $0 0.00%

    M C Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 22 $4,900,000 $222,727 $0 0.00%
    White 29 $2,415,000 $83,276 $0 0.00%
    Black 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    65.71%

    M C Bank & Trust Company has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    67.31%

    M C Bank & Trust Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 52 $7,410,000 $142,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    52 $7,410,000 $142,500