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

Morgan City, LA

LEI: 54930045EHC4UJU3BP73

Tax ID: 72-0465558

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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

    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: Lafayette, Morgan City, New Orleans, Houma, and Baton Rouge among others. We have data for 7 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.

    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

    102

    Origination Dollar Volume (All Markets)

    $25,590,000

    Employee count

    78

    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
    LAFAYETTE, LA (FHA|USDA|VA) 31 $13,925,000 $449,194 $0 0.00%
    Morgan City, LA (FHA|USDA|VA) 52 $5,220,000 $100,385 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 8 $4,130,000 $516,250 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 5 $1,205,000 $241,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 4 $710,000 $177,500 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    M C Bank & Trust Company's top markets include Lafayette, Morgan City, New Orleans, Houma, and Baton Rouge among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 102 $25,590,000 $250,882 $0 0.00%

    For 2018, M C Bank & Trust Company's most frequently originated type of loan was Conventional, with 102 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 58 $19,560,000 $337,241 $0 0.00%
    Home Purchase 36 $5,200,000 $144,444 $0 0.00%
    Home Improvement 4 $410,000 $102,500 $0 0.00%
    Other 4 $420,000 $105,000 $0 0.00%

    For 2018, M C Bank & Trust Company's most frequently cited loan purpose was Refi, with 58 originations. The 2nd most popular reason was Home Purchase, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 102 $25,590,000 $250,882 $0 0.00%

    For 2018, M C Bank & Trust Company's most frequently cited loan duration was Other, with 102 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 54 $2,950,000 $54,630 $0 0.00%
    $100k-200k 23 $3,075,000 $133,696 $0 0.00%
    $200k-400k 14 $3,640,000 $260,000 $0 0.00%
    $1MM+ 4 $11,850,000 $2,962,500 $0 0.00%
    $400k-600k 4 $1,760,000 $440,000 $0 0.00%
    $600k-1MM 3 $2,315,000 $771,667 $0 0.00%

    2018 saw M C Bank & Trust Company place emphasis on $100,000 or less loans with 54 originations, totaling $2,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 16 $1,170,000 $73,125 $0 0.00%
    $50k or less 9 $425,000 $47,222 $0 0.00%
    $100k-150k 6 $990,000 $165,000 $0 0.00%
    $150k-250k 5 $815,000 $163,000 $0 0.00%
    $75k-100k 4 $270,000 $67,500 $0 0.00%
    $250k+ 1 $225,000 $225,000 $0 0.00%

    M C Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $50k or less, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 102 $25,590,000 $250,882 $0 0.00%

    M C Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 61 $21,695,000 $355,656 $0 0.00%
    White 36 $3,520,000 $97,778 $0 0.00%
    Black 3 $135,000 $45,000 $0 0.00%
    Native Hawaiian or Islander 1 $125,000 $125,000 $0 0.00%
    Asian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.13%

    M C Bank & Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.37%

    M C Bank & Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 102 $25,590,000 $250,882

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $300,000 $150,000
    Multifamily:Site-Built 17 $8,025,000 $472,059
    Single Family (1-4 Units):Manufactured 11 $275,000 $25,000
    Single Family (1-4 Units):Site-Built 72 $16,990,000 $235,972

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    M C Bank & Trust Company 10157 Hwy 182 Frontage Road Amelia, LA 70340 Full Service B&M $24,325
    M C Bank & Trust Company 115 Verot School Road Lafayette, LA 70508 Full Service B&M $10,945
    M C Bank & Trust Company 1201 Brashear Avenue Morgan City, LA 70380 Full Service B&M $182,166
    M C Bank & Trust Company 201 St. Charles, Suite 3209 New Orleans, LA 70170 Limited, Administrative $0
    M C Bank & Trust Company 2480 Highway 89 Youngsville, LA 70592 Full Service B&M $3,072
    M C Bank & Trust Company 525 Southeast Road Morgan City, LA 70380 Full Service B&M $7,924
    M C Bank & Trust Company 6413 Hwy 182 Morgan City, LA 70380 Full Service B&M $7,754

    For 2018, M C Bank & Trust Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,243
    Net interest income $12,302
    Total noninterest income $921
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $466
    Trading account gains and fees $0
    Additional Noninterest Income $455
    Pre-tax net operating income $4,147
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,553
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,553
    Minority interest net income $0
    Net income $3,553
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,553

    M C Bank & Trust Company's gross interest income from loans was $13,243,000.
    M C Bank & Trust Company's net interest income from loans was $12,302,000.
    M C Bank & Trust Company's fee based income from loans was $466,000.
    M C Bank & Trust Company's net income from loans was $3,553,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $941
    Provision for credit losses $510
    Total noninterest expense $8,566
    Salaries and employee benefits $4,486
    Premises and equipment expense $1,651
    Additional noninterest expense $2,429
    Applicable income taxes $594
    Net charge-offs $827
    Cash dividends $565

    M C Bank & Trust Company's interest expense for loans was $941,000.
    M C Bank & Trust Company's payroll and benefits expense were $4,486,000.
    M C Bank & Trust Company's property, plant and equipment expenses $1,651,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 4.0%
    Real Estate loans 4.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 5.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 3.0%
    HELOC loans 8.0%
    All other family 2.0%
    Commercial & industrial loans 5.0%
    Personal loans 8.0%
    Credit card loans 0.0%
    Other individual loans 8.0%
    Auto loans 8.0%
    Other consumer loans 8.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $234,969
    Deposits held in domestic offices $234,969
    Deposits by Individuals, partnerships, and corporations $215,368
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $19,601
    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 $87,452
    Demand deposits $52,312
    Nontransaction accounts $147,517
    Money market deposit accounts (MMDAs) $32,491
    Other savings deposits (excluding MMDAs) $40,318
    Total time deposits $74,707
    Total time and savings deposits $182,657
    Noninterest-bearing deposits $51,361
    Interest-bearing deposits $183,608
    Retail deposits $196,964
    IRAs and Keogh plan accounts $8,229
    Brokered deposits $5,866
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $305,099
    Cash & Balances due from depository institutions $8,968
    Interest-bearing balances $3,795
    Total securities $83,222
    Federal funds sold & reverse repurchase $0
    Net loans and leases $206,735
    Loan and leases loss allowance $3,331
    Trading account assets $0
    Bank premises and fixed assets $1,022
    Other real estate owned $88
    Goodwill and other intangibles $1,235
    All other assets $3,829

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $305,099
    Total Liabilities $236,579
    Total deposits $234,969
    Interest-bearing deposits $183,608
    Deposits held in domestic offices $234,969
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,610

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $206,735
    Loan and leases loss allowance $3,331
    Total loans and leases (domestic) $210,066
    All real estate loans $185,375
    Real estate loans in domestic offices $185,375
    Construction and development loans $25,374
    Residential 1-4 family construction $3,754
    Other construction, all land development and other land $21,620
    Loans secured by nonfarm nonresidential properties $117,110
    Nonfarm nonresidential secured by owner-occupied properties $35,493
    Commercial real estate & other non-farm, non-residential $81,617
    Multifamily residential real estate $5,454
    1-4 family residential loans $37,165
    Farmland loans $272
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $17,106
    To non-U.S. addressees $0
    Loans to individuals $6,766
    Credit card loans $0
    Related Plans $151
    Consumer Auto Loans $986
    Other loans to individuals $5,629
    All other loans & leases $819
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $2,922
    Non 1-4 family restructured loans & leases $2,922
    Total loans and leases (foreign) $0

    M C Bank & Trust Company had $206,735,000 of loans outstanding in 2018. $185,375,000 of loans were in real estate loans. $25,374,000 of loans were in development loans. $5,454,000 of loans were in multifamily mortgage loans. $37,165,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $986,000 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 144 $35,190 $244,375
    Nonfarm, nonresidential loans - <$100k 42 $2,196 $52,286
    Nonfarm, nonresidential loans - $100-250k 43 $5,184 $120,558
    Nonfarm, nonresidential loans - $250k-1MM 59 $27,810 $471,356
    Commercial & Industrial, US addressed loans - <$1MM 123 $9,827 $79,894
    Commercial & Industrial, US addressed loans - <$100k 85 $1,963 $23,094
    Commercial & Industrial, US addressed loans - $100-250k 22 $2,738 $124,455
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $5,126 $320,375
    Farmland loans - <$1MM 1 $272 $272,000
    Farmland loans - $250k-1MM 1 $272 $272,000