B1bank Mortgage Rates, Fees & Info

Baton Rouge, LA

LEI: 54930045J8O98TUGTW86

Tax ID: 20-3977125

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Mortgage Data

Bank Data

Review & Overview

B1bank is a smaller bank specializing in Refi and Home Purchase loans. B1bank has a high proportion of conventional loans. Their top markets by origination volume include: Lake Charles, Baton Rouge, Monroe, Minden, and New Orleans among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

B1bank has an above average approval rate when compared to the average across all lenders. They have an above 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.25% 3/24/24
30 Year Conventional Refi 6.27% 3/24/24
15 Year Conventional Purchase 5.70% 3/24/24
15 Year Conventional Refi 6.12% 3/24/24
15 Year Cash-out Refi 6.12% 3/24/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

B1bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from B1bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

421

Origination Dollar Volume (All Markets)

$104,755,000

Employee count

355

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
LAKE CHARLES, LA (FHA|USDA|VA) 37 $21,375,000 $577,703 $0 0.00%
BATON ROUGE, LA (FHA|USDA|VA) 44 $18,140,000 $412,273 $0 0.00%
MONROE, LA (FHA|USDA|VA) 75 $17,345,000 $231,267 $0 0.00%
Minden, LA (FHA|USDA|VA) 114 $10,060,000 $88,246 $0 0.00%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 25 $8,325,000 $333,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 11 $7,285,000 $662,273 $0 0.00%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 9 $4,575,000 $508,333 $0 0.00%
Ruston, LA (FHA|USDA|VA) 15 $4,315,000 $287,667 $0 0.00%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 31 $3,235,000 $104,355 $0 0.00%
LAFAYETTE, LA (FHA|USDA|VA) 6 $2,550,000 $425,000 $0 0.00%
Outside of Metro Areas 41 $2,305,000 $56,220 $0 0.00%
Heber, UT (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $990,000 $495,000 $0 0.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
HAMMOND, LA (FHA|USDA|VA) 2 $580,000 $290,000 $0 0.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
TUCSON, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
Natchez, MS-LA (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Oxford, MS (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Fort Polk South, LA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
B1bank's top markets include Lake Charles, Baton Rouge, Monroe, Minden, and New Orleans among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 421 $104,755,000 $248,824 $0 0.00%

    For 2019, B1bank's most frequently originated type of loan was Conventional, with 421 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 215 $37,845,000 $176,023 $0 0.00%
    Home Purchase 189 $65,785,000 $348,069 $0 0.00%
    Other 10 $390,000 $39,000 $0 0.00%
    Home Improvement 7 $735,000 $105,000 $0 0.00%

    For 2019, B1bank's most frequently cited loan purpose was Refi, with 215 originations. The 2nd most popular reason was Home Purchase, with 189 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 421 $104,755,000 $248,824 $0 0.00%

    For 2019, B1bank's most frequently cited loan duration was Other, with 421 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 220 $10,790,000 $49,045 $0 0.00%
    $100k-200k 86 $12,290,000 $142,907 $0 0.00%
    $200k-400k 65 $17,895,000 $275,308 $0 0.00%
    $600k-1MM 18 $13,550,000 $752,778 $0 0.00%
    $400k-600k 17 $8,435,000 $496,176 $0 0.00%
    $1MM+ 15 $41,795,000 $2,786,333 $0 0.00%

    2019 saw B1bank place emphasis on $100,000 or less loans with 220 originations, totaling $10,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 57 $3,545,000 $62,193 $0 0.00%
    $100k-150k 43 $5,855,000 $136,163 $0 0.00%
    $50k-75k 41 $2,515,000 $61,341 $0 0.00%
    $250k+ 35 $14,775,000 $422,143 $0 0.00%
    $150k-250k 30 $6,220,000 $207,333 $0 0.00%
    $75k-100k 28 $3,010,000 $107,500 $0 0.00%

    B1bank lent most frequently to those with incomes in the $50k or less range, with 57 originations. The second most popular income band? $100k-150k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 421 $104,755,000 $248,824 $0 0.00%

    B1bank lent most frequently to those with DTI ratios of Exempt%, with 421 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 174 $66,720,000 $383,448 $0 0.00%
    White 214 $32,100,000 $150,000 $0 0.00%
    Black 28 $4,990,000 $178,214 $0 0.00%
    Asian 2 $530,000 $265,000 $0 0.00%
    Other Asian 1 $235,000 $235,000 $0 0.00%
    Not provided 2 $180,000 $90,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.02%

    B1bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.50%

    B1bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 421 $104,755,000 $248,824

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 7 $1,325,000 $189,286
    Multifamily:Site-Built 29 $29,155,000 $1,005,345
    Single Family (1-4 Units):Manufactured 61 $2,965,000 $48,607
    Single Family (1-4 Units):Site-Built 324 $71,310,000 $220,093

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Business First Bank 100 Mbl Bank Drive Minden, LA 71058 Full Service B&M $274,079
    Business First Bank 10725 Perkins Road Baton Rouge, LA 70810 Full Service B&M $23,769
    Business First Bank 11307 Coursey Boulevard Baton Rouge, LA 70816 Full Service B&M $40,677
    Business First Bank 1222 Homer Road Minden, LA 71055 Full Service B&M $39,137
    Business First Bank 140 Industrial Blvd Oak Grove, LA 71263 Full Service B&M $20,777
    Business First Bank 1530 Maplewood Dr., Ste. A Sulphur, LA 70663 Full Service B&M $23,787
    Business First Bank 1675 N Highway 190 Covington, LA 70433 Full Service B&M $55,506
    Business First Bank 1816 Forsythe Avenue Monroe, LA 71201 Full Service B&M $24,218
    Business First Bank 1821 West Highway 30 Gonzales, LA 70737 Full Service B&M $17,468
    Business First Bank 2328 Metairie Rd., Suite 100 Metairie, LA 70001 Full Service B&M $27,975
    Business First Bank 2500 North Seventh Street West Monroe, LA 71291 Full Service B&M $56,743
    Business First Bank 31635 Louisiana Highway 16 Denham Springs, LA 70726 Full Service B&M $14,450
    Business First Bank 320 North Alexander Avenue Port Allen, LA 70767 Full Service B&M $192,823
    Business First Bank 404 Blackmon Street Richland, LA 71269 Limited, Drive-thru $0
    Business First Bank 415 Main Street Minden, LA 71055 Limited, Drive-thru $0
    Business First Bank 435 Corporate Drive, Suite 102 Houma, LA 70360 Full Service B&M $50,225
    Business First Bank 500 Laurel Street Baton Rouge, LA 70801 Full Service B&M $278,648
    Business First Bank 5220 Spring Valley Rd., Suite 100 Dallas, TX 75254 Full Service B&M $19,519
    Business First Bank 639 East Madison Avenue Bastrop, LA 71220 Full Service B&M $9,565
    Business First Bank 724 Louisa St Rayville, LA 71269 Full Service B&M $106,252
    Business First Bank 728 Ryan Street Lake Charles, LA 70601 Full Service B&M $167,312
    Business First Bank 729 South Vaughan Street Brusly, LA 70719 Full Service B&M $35,700
    Business First Bank 7880 Jefferson Highway Baton Rouge, LA 70809 Full Service B&M $34,660
    Business First Bank 800 Spring Street, Suite 120 Shreveport, LA 71101 Full Service B&M $135,527
    Business First Bank 900 E St. Mary Suite 100 Lafayette, LA 70501 Full Service B&M $67,504

    For 2019, B1bank had 25 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $103,318
    Net interest income $81,779
    Total noninterest income $9,915
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,964
    Trading account gains and fees $0
    Additional Noninterest Income $5,951
    Pre-tax net operating income $33,527
    Securities gains (or losses, -) $106
    Income before extraordinary items $26,770
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $26,770
    Minority interest net income $0
    Net income $26,770
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $26,685

    B1bank's gross interest income from loans was $103,318,000.
    B1bank's net interest income from loans was $81,779,000.
    B1bank's fee based income from loans was $3,964,000.
    B1bank's net income from loans was $26,770,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $21,539
    Provision for credit losses $2,606
    Total noninterest expense $55,561
    Salaries and employee benefits $33,778
    Premises and equipment expense $6,080
    Additional noninterest expense $15,703
    Applicable income taxes $6,863
    Net charge-offs $1,702
    Cash dividends $0

    B1bank's interest expense for loans was $21,539,000.
    B1bank's payroll and benefits expense were $33,778,000.
    B1bank's property, plant and equipment expenses $6,080,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 5.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,789,316
    Deposits held in domestic offices $1,789,316
    Deposits by Individuals, partnerships, and corporations $1,332,335
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $302,147
    Deposits by Commercial banks and other depository institutions in U.S. $154,834
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $148,890
    Demand deposits $59,835
    Nontransaction accounts $1,640,426
    Money market deposit accounts (MMDAs) $963,055
    Other savings deposits (excluding MMDAs) $81,915
    Total time deposits $595,456
    Total time and savings deposits $1,729,481
    Noninterest-bearing deposits $400,434
    Interest-bearing deposits $1,388,882
    Retail deposits $1,635,780
    IRAs and Keogh plan accounts $26,544
    Brokered deposits $1,128
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,274,490
    Cash & Balances due from depository institutions $91,059
    Interest-bearing balances $4,943
    Total securities $278,193
    Federal funds sold & reverse repurchase $61,372
    Net loans and leases $1,698,392
    Loan and leases loss allowance $12,124
    Trading account assets $0
    Bank premises and fixed assets $29,259
    Other real estate owned $4,036
    Goodwill and other intangibles $55,189
    All other assets $56,990

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,274,490
    Total Liabilities $1,974,368
    Total deposits $1,789,316
    Interest-bearing deposits $1,388,882
    Deposits held in domestic offices $1,789,316
    % insured (estimated) $60
    Federal funds purchased and repurchase agreements $67,989
    Trading liabilities $0
    Other borrowed funds $107,162
    Subordinated debt $0
    All other liabilities $9,901

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,698,392
    Loan and leases loss allowance $12,124
    Total loans and leases (domestic) $1,710,516
    All real estate loans $1,237,535
    Real estate loans in domestic offices $1,237,535
    Construction and development loans $244,181
    Residential 1-4 family construction $60,780
    Other construction, all land development and other land $183,401
    Loans secured by nonfarm nonresidential properties $614,826
    Nonfarm nonresidential secured by owner-occupied properties $330,031
    Commercial real estate & other non-farm, non-residential $284,795
    Multifamily residential real estate $36,454
    1-4 family residential loans $293,393
    Farmland loans $48,681
    Loans held in foreign offices $0
    Farm loans $21,088
    Commercial and industrial loans $363,250
    To non-U.S. addressees $0
    Loans to individuals $22,721
    Credit card loans $90
    Related Plans $8,301
    Consumer Auto Loans $3,912
    Other loans to individuals $10,418
    All other loans & leases $68,880
    Loans to foreign governments and official institutions $0
    Other loans $62,202
    Loans to depository institutions and acceptances of other banks $6,000
    Loans not secured by real estate $708
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $25
    Non 1-4 family restructured loans & leases $9
    Total loans and leases (foreign) $0

    b1BANK had $1,698,392,000 of loans outstanding in 2019. $1,237,535,000 of loans were in real estate loans. $244,181,000 of loans were in development loans. $36,454,000 of loans were in multifamily mortgage loans. $293,393,000 of loans were in 1-4 family mortgage loans. $21,088,000 of loans were in farm loans. $90,000 of loans were in credit card loans. $3,912,000 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 698 $156,712 $224,516
    Nonfarm, nonresidential loans - <$100k 180 $7,177 $39,872
    Nonfarm, nonresidential loans - $100-250k 224 $28,460 $127,054
    Nonfarm, nonresidential loans - $250k-1MM 294 $121,075 $411,820
    Commercial & Industrial, US addressed loans - <$1MM 1,852 $151,699 $81,911
    Commercial & Industrial, US addressed loans - <$100k 1,232 $31,967 $25,947
    Commercial & Industrial, US addressed loans - $100-250k 323 $32,705 $101,254
    Commercial & Industrial, US addressed loans - $250k-1MM 297 $87,027 $293,020
    Farmland loans - <$1MM 177 $12,819 $72,424
    Farmland loans - <$100k 121 $4,291 $35,463
    Farmland loans - $100-250k 42 $5,370 $127,857
    Farmland loans - $250k-1MM 14 $3,158 $225,571
    Agriculture operations loans - <$1MM 99 $5,446 $55,010
    Agriculture operations loans - <$100k 70 $1,536 $21,943
    Agriculture operations loans - $100-250k 21 $1,902 $90,571
    Agriculture operations loans - $250k-1MM 8 $2,008 $251,000