B1bank Mortgage Rates, Fees & Info
Baton Rouge, LALEI: 54930045J8O98TUGTW86
Tax ID: 20-3977125
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.25% | 11/22/24 |
| 30 Year Conventional Refi | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 5.70% | 11/22/24 |
| 15 Year Conventional Refi | 6.12% | 11/22/24 |
| 15 Year Cash-out Refi | 6.12% | 11/22/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
421Origination Dollar Volume (All Markets)
$104,755,000Employee count
355Top 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% |
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
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
2019 saw B1bank place emphasis on $100,000 or less loans with 220 originations, totaling $10,790,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications92.02%
B1bank has an average approval rate.
Pick Rate
Approvals leading to origination90.50%
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
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 |