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: Lafayette, New Orleans, Morgan City, Hammond, and Baton Rouge among others. We have data for 9 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
125Origination Dollar Volume (All Markets)
$32,045,000Top 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 |
|---|---|---|---|---|---|
| LAFAYETTE, LA (FHA|USDA|VA) | 14 | $12,380,000 | $884,286 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 28 | $10,030,000 | $358,214 | $0 | 0.00% |
| Morgan City, LA (FHA|USDA|VA) | 60 | $4,800,000 | $80,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $2,035,000 | $2,035,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 9 | $1,165,000 | $129,444 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $665,000 | $665,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 8 | $620,000 | $77,500 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 125 | $32,045,000 | $256,360 | $0 | 0.00% |
For 2022, M C Bank & Trust Company's most frequently originated type of loan was Conventional, with 125 originations.
Loan Reason
For 2022, M C Bank & Trust Company's most frequently cited loan purpose was Refi, with 61 originations. The 2nd most popular reason was Home Purchase, with 54 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 125 | $32,045,000 | $256,360 | $0 | 0.00% |
For 2022, M C Bank & Trust Company's most frequently cited loan duration was Other, with 125 originations.
Loan Sizing
2022 saw M C Bank & Trust Company place emphasis on $100,000 or less loans with 66 originations, totaling $3,190,000 in origination value.
Applicant Income
M C Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $50k-75k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 125 | $32,045,000 | $256,360 | $0 | 0.00% |
M C Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 125 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.04%
M C Bank & Trust Company has a below average approval rate.
Pick Rate
Approvals leading to origination73.60%
M C Bank & Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 125 | $32,045,000 | $256,360 |