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 loans. M C Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Morgan City, New Orleans, Lafayette, Crestview, and Houma among others. We have data for 8 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

    109

    Origination Dollar Volume (All Markets)

    $14,005,000

    Employee count

    77

    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) 67 $7,485,000 $111,716 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 8 $3,310,000 $413,750 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 20 $1,690,000 $84,500 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 5 $445,000 $89,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 6 $230,000 $38,333 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    M C Bank & Trust Company's top markets include Morgan City, New Orleans, Lafayette, Crestview, and Houma among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 109 $14,005,000 $128,486 $0 0.00%

    For 2020, M C Bank & Trust Company's most frequently originated type of loan was Conventional, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 80 $11,560,000 $144,500 $0 0.00%
    Home Purchase 24 $2,190,000 $91,250 $0 0.00%
    Home Improvement 3 $125,000 $41,667 $0 0.00%
    Other 2 $130,000 $65,000 $0 0.00%

    For 2020, M C Bank & Trust Company's most frequently cited loan purpose was Refi, with 80 originations. The 2nd most popular reason was Home Purchase, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 109 $14,005,000 $128,486 $0 0.00%

    For 2020, M C Bank & Trust Company's most frequently cited loan duration was Other, with 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $3,040,000 $43,429 $0 0.00%
    $100k-200k 24 $3,180,000 $132,500 $0 0.00%
    $200k-400k 9 $2,505,000 $278,333 $0 0.00%
    $1MM+ 2 $2,600,000 $1,300,000 $0 0.00%
    $400k-600k 2 $970,000 $485,000 $0 0.00%
    $600k-1MM 2 $1,710,000 $855,000 $0 0.00%

    2020 saw M C Bank & Trust Company place emphasis on $100,000 or less loans with 70 originations, totaling $3,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 22 $950,000 $43,182 $0 0.00%
    $100k-150k 14 $1,150,000 $82,143 $0 0.00%
    $50k-75k 12 $590,000 $49,167 $0 0.00%
    $75k-100k 11 $1,085,000 $98,636 $0 0.00%
    $150k-250k 7 $1,105,000 $157,857 $0 0.00%
    $250k+ 3 $935,000 $311,667 $0 0.00%

    M C Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 22 originations. The second most popular income band? $100k-150k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 109 $14,005,000 $128,486 $0 0.00%

    M C Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 40 $8,190,000 $204,750 $0 0.00%
    White 62 $4,770,000 $76,935 $0 0.00%
    Black 4 $990,000 $247,500 $0 0.00%
    Asian 3 $55,000 $18,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.00%

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

    Pick Rate

    Approvals leading to origination
    78.90%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 109 $14,005,000 $128,486

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $4,745,000 $365,000
    Single Family (1-4 Units):Manufactured 16 $480,000 $30,000
    Single Family (1-4 Units):Site-Built 80 $8,780,000 $109,750

    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 $26,391
    M C Bank & Trust Company 115 Verot School Road Lafayette, LA 70508 Full Service B&M $16,755
    M C Bank & Trust Company 1201 Brashear Avenue Morgan City, LA 70380 Full Service B&M $191,252
    M C Bank & Trust Company 201 St. Charles Ave., Suite 3209 New Orleans, LA 70170 Full Service B&M $736
    M C Bank & Trust Company 2480 Highway 89 Youngsville, LA 70592 Full Service B&M $10,911
    M C Bank & Trust Company 525 Southeast Road Morgan City, LA 70380 Full Service B&M $9,150

    For 2020, M C Bank & Trust Company had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,364
    Net interest income $13,181
    Total noninterest income $625
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $262
    Trading account gains and fees $0
    Additional Noninterest Income $363
    Pre-tax net operating income $3,144
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,559
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,559
    Minority interest net income $0
    Net income $2,559
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,559

    M C Bank & Trust Company's gross interest income from loans was $14,364,000.
    M C Bank & Trust Company's net interest income from loans was $13,181,000.
    M C Bank & Trust Company's fee based income from loans was $262,000.
    M C Bank & Trust Company's net income from loans was $2,559,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,183
    Provision for credit losses $1,350
    Total noninterest expense $9,312
    Salaries and employee benefits $5,083
    Premises and equipment expense $1,780
    Additional noninterest expense $2,449
    Applicable income taxes $585
    Net charge-offs $1,121
    Cash dividends $778

    M C Bank & Trust Company's interest expense for loans was $1,183,000.
    M C Bank & Trust Company's payroll and benefits expense were $5,083,000.
    M C Bank & Trust Company's property, plant and equipment expenses $1,780,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    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 $257,309
    Deposits held in domestic offices $257,309
    Deposits by Individuals, partnerships, and corporations $240,543
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $16,766
    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 $108,138
    Demand deposits $69,801
    Nontransaction accounts $149,171
    Money market deposit accounts (MMDAs) $44,520
    Other savings deposits (excluding MMDAs) $47,004
    Total time deposits $57,647
    Total time and savings deposits $187,508
    Noninterest-bearing deposits $69,011
    Interest-bearing deposits $188,298
    Retail deposits $229,604
    IRAs and Keogh plan accounts $8,051
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $335,176
    Cash & Balances due from depository institutions $35,251
    Interest-bearing balances $28,325
    Total securities $67,667
    Federal funds sold & reverse repurchase $0
    Net loans and leases $226,111
    Loan and leases loss allowance $4,141
    Trading account assets $0
    Bank premises and fixed assets $938
    Other real estate owned $161
    Goodwill and other intangibles $1,235
    All other assets $3,813

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $335,176
    Total Liabilities $259,430
    Total deposits $257,309
    Interest-bearing deposits $188,298
    Deposits held in domestic offices $257,309
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,121

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $226,111
    Loan and leases loss allowance $4,141
    Total loans and leases (domestic) $230,252
    All real estate loans $181,701
    Real estate loans in domestic offices $181,701
    Construction and development loans $17,675
    Residential 1-4 family construction $6,272
    Other construction, all land development and other land $11,403
    Loans secured by nonfarm nonresidential properties $122,069
    Nonfarm nonresidential secured by owner-occupied properties $32,526
    Commercial real estate & other non-farm, non-residential $89,543
    Multifamily residential real estate $7,168
    1-4 family residential loans $34,575
    Farmland loans $214
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $43,684
    To non-U.S. addressees $0
    Loans to individuals $4,868
    Credit card loans $0
    Related Plans $109
    Consumer Auto Loans $687
    Other loans to individuals $4,072
    All other loans & leases $0
    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 $485
    Non 1-4 family restructured loans & leases $485
    Total loans and leases (foreign) $0

    M C Bank & Trust Company had $226,111,000 of loans outstanding in 2020. $181,701,000 of loans were in real estate loans. $17,675,000 of loans were in development loans. $7,168,000 of loans were in multifamily mortgage loans. $34,575,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $687,000 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 139 $37,929 $272,871
    Nonfarm, nonresidential loans - <$100k 36 $2,262 $62,833
    Nonfarm, nonresidential loans - $100-250k 38 $4,711 $123,974
    Nonfarm, nonresidential loans - $250k-1MM 65 $30,956 $476,246
    Commercial & Industrial, US addressed loans - <$1MM 461 $34,455 $74,740
    Commercial & Industrial, US addressed loans - <$100k 353 $9,254 $26,215
    Commercial & Industrial, US addressed loans - $100-250k 71 $9,410 $132,535
    Commercial & Industrial, US addressed loans - $250k-1MM 37 $15,791 $426,784
    Farmland loans - <$1MM 1 $214 $214,000
    Farmland loans - $250k-1MM 1 $214 $214,000