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: Morgan City, New Orleans, Lafayette, Baton Rouge, and Hammond 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 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

    112

    Origination Dollar Volume (All Markets)

    $22,310,000

    Employee count

    75

    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) 76 $6,840,000 $90,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 10 $5,970,000 $597,000 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 15 $4,385,000 $292,333 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 6 $2,550,000 $425,000 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 1 $1,745,000 $1,745,000 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 4 $820,000 $205,000 $0 0.00%
    M C Bank & Trust Company's top markets include Morgan City, New Orleans, Lafayette, Baton Rouge, and Hammond among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 112 $22,310,000 $199,196 $0 0.00%

    For 2021, M C Bank & Trust Company's most frequently originated type of loan was Conventional, with 112 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 68 $12,590,000 $185,147 $0 0.00%
    Home Purchase 33 $9,195,000 $278,636 $0 0.00%
    Other 6 $310,000 $51,667 $0 0.00%
    Home Improvement 5 $215,000 $43,000 $0 0.00%

    For 2021, M C Bank & Trust Company's most frequently cited loan purpose was Refi, with 68 originations. The 2nd most popular reason was Home Purchase, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 112 $22,310,000 $199,196 $0 0.00%

    For 2021, M C Bank & Trust Company's most frequently cited loan duration was Other, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 72 $3,530,000 $49,028 $0 0.00%
    $100k-200k 18 $2,260,000 $125,556 $0 0.00%
    $200k-400k 12 $3,440,000 $286,667 $0 0.00%
    $1MM+ 7 $11,605,000 $1,657,857 $0 0.00%
    $400k-600k 3 $1,475,000 $491,667 $0 0.00%

    2021 saw M C Bank & Trust Company place emphasis on $100,000 or less loans with 72 originations, totaling $3,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 25 $1,165,000 $46,600 $0 0.00%
    $50k-75k 18 $940,000 $52,222 $0 0.00%
    $100k-150k 13 $1,765,000 $135,769 $0 0.00%
    $75k-100k 12 $1,800,000 $150,000 $0 0.00%
    $150k-250k 5 $825,000 $165,000 $0 0.00%
    $250k+ 3 $1,505,000 $501,667 $0 0.00%

    M C Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 112 $22,310,000 $199,196 $0 0.00%

    M C Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 112 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 34 $14,190,000 $417,353 $0 0.00%
    White 68 $7,700,000 $113,235 $0 0.00%
    Black 8 $330,000 $41,250 $0 0.00%
    Asian 2 $90,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.66%

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

    Pick Rate

    Approvals leading to origination
    76.79%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 112 $22,310,000 $199,196

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    112 $22,310,000 $199,196

    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 $27,771
    M C Bank & Trust Company 115 Verot School Road Lafayette, LA 70508 Full Service B&M $18,400
    M C Bank & Trust Company 1201 Brashear Avenue Morgan City, LA 70380 Full Service B&M $208,882
    M C Bank & Trust Company 1340 W. Tunnel Blvd, Ste 420 Houma, LA 70360 Full Service B&M $0
    M C Bank & Trust Company 201 St. Charles Ave., Suite 3209 New Orleans, LA 70170 Full Service B&M $3,361
    M C Bank & Trust Company 2480 Highway 89 Youngsville, LA 70592 Full Service B&M $15,287
    M C Bank & Trust Company 525 Southeast Road Morgan City, LA 70380 Full Service B&M $10,048
    M C Bank & Trust Company 851 Harrison Ave. New Orleans, LA 70124 Full Service B&M $4,897

    For 2021, M C Bank & Trust Company had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,607
    Net interest income $12,521
    Total noninterest income $488
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $249
    Trading account gains and fees $0
    Additional Noninterest Income $239
    Pre-tax net operating income $2,752
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,155
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,155
    Minority interest net income $0
    Net income $2,155
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,155

    M C Bank & Trust Company's gross interest income from loans was $13,607,000.
    M C Bank & Trust Company's net interest income from loans was $12,521,000.
    M C Bank & Trust Company's fee based income from loans was $249,000.
    M C Bank & Trust Company's net income from loans was $2,155,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,086
    Provision for credit losses $200
    Total noninterest expense $10,057
    Salaries and employee benefits $5,521
    Premises and equipment expense $1,948
    Additional noninterest expense $2,588
    Applicable income taxes $597
    Net charge-offs $445
    Cash dividends $789

    M C Bank & Trust Company's interest expense for loans was $1,086,000.
    M C Bank & Trust Company's payroll and benefits expense were $5,521,000.
    M C Bank & Trust Company's property, plant and equipment expenses $1,948,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 12.0%
    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 $296,953
    Deposits held in domestic offices $296,953
    Deposits by Individuals, partnerships, and corporations $277,610
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $19,342
    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 $128,270
    Demand deposits $85,268
    Nontransaction accounts $168,682
    Money market deposit accounts (MMDAs) $62,060
    Other savings deposits (excluding MMDAs) $55,561
    Total time deposits $51,060
    Total time and savings deposits $211,684
    Noninterest-bearing deposits $84,629
    Interest-bearing deposits $212,324
    Retail deposits $275,773
    IRAs and Keogh plan accounts $8,919
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $374,995
    Cash & Balances due from depository institutions $63,252
    Interest-bearing balances $60,175
    Total securities $75,593
    Federal funds sold & reverse repurchase $0
    Net loans and leases $229,808
    Loan and leases loss allowance $3,896
    Trading account assets $0
    Bank premises and fixed assets $1,011
    Other real estate owned $372
    Goodwill and other intangibles $1,235
    All other assets $3,724

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $374,995
    Total Liabilities $299,030
    Total deposits $296,953
    Interest-bearing deposits $212,324
    Deposits held in domestic offices $296,953
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,077

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $229,808
    Loan and leases loss allowance $3,896
    Total loans and leases (domestic) $233,704
    All real estate loans $187,289
    Real estate loans in domestic offices $187,289
    Construction and development loans $23,722
    Residential 1-4 family construction $9,057
    Other construction, all land development and other land $14,665
    Loans secured by nonfarm nonresidential properties $112,525
    Nonfarm nonresidential secured by owner-occupied properties $28,524
    Commercial real estate & other non-farm, non-residential $84,001
    Multifamily residential real estate $12,783
    1-4 family residential loans $38,023
    Farmland loans $236
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $42,322
    To non-U.S. addressees $0
    Loans to individuals $4,093
    Credit card loans $0
    Related Plans $98
    Consumer Auto Loans $652
    Other loans to individuals $3,343
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    M C Bank & Trust Company had $229,808,000 of loans outstanding in 2021. $187,289,000 of loans were in real estate loans. $23,722,000 of loans were in development loans. $12,783,000 of loans were in multifamily mortgage loans. $38,023,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $652,000 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 136 $41,757 $307,037
    Nonfarm, nonresidential loans - <$100k 33 $1,877 $56,879
    Nonfarm, nonresidential loans - $100-250k 32 $4,264 $133,250
    Nonfarm, nonresidential loans - $250k-1MM 71 $35,616 $501,634
    Commercial & Industrial, US addressed loans - <$1MM 262 $28,900 $110,305
    Commercial & Industrial, US addressed loans - <$100k 179 $4,885 $27,291
    Commercial & Industrial, US addressed loans - $100-250k 47 $6,069 $129,128
    Commercial & Industrial, US addressed loans - $250k-1MM 36 $17,946 $498,500
    Farmland loans - <$1MM 2 $235 $117,500
    Farmland loans - <$100k 1 $67 $67,000
    Farmland loans - $250k-1MM 1 $168 $168,000