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

Morgan City, LA

LEI: 54930045EHC4UJU3BP73

Tax ID: 72-0465558

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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

125

Origination Dollar Volume (All Markets)

$32,045,000

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
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%
M C Bank & Trust Company's top markets include Lafayette, New Orleans, Morgan City, Hammond, and Baton Rouge among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 61 $21,815,000 $357,623 $0 0.00%
    Home Purchase 54 $9,290,000 $172,037 $0 0.00%
    Other 6 $770,000 $128,333 $0 0.00%
    Home Improvement 4 $170,000 $42,500 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 66 $3,190,000 $48,333 $0 0.00%
    $100k-200k 23 $3,255,000 $141,522 $0 0.00%
    $200k-400k 21 $5,585,000 $265,952 $0 0.00%
    $400k-600k 7 $3,655,000 $522,143 $0 0.00%
    $1MM+ 4 $13,630,000 $3,407,500 $0 0.00%
    $600k-1MM 4 $2,730,000 $682,500 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 20 $970,000 $48,500 $0 0.00%
    $50k-75k 15 $845,000 $56,333 $0 0.00%
    $75k-100k 11 $1,025,000 $93,182 $0 0.00%
    $100k-150k 9 $1,565,000 $173,889 $0 0.00%
    $150k-250k 3 $605,000 $201,667 $0 0.00%
    $250k+ 2 $810,000 $405,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 63 $26,165,000 $415,317 $0 0.00%
    White 51 $4,715,000 $92,451 $0 0.00%
    Black 7 $865,000 $123,571 $0 0.00%
    Asian 4 $300,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.04%

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

    Pick Rate

    Approvals leading to origination
    73.60%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    125 $32,045,000 $256,360