Gibsland Bank & Trust Company Mortgage Rates, Fees & Info

Gibsland, LA

LEI: 54930094EUD08LZEJR51

Tax ID: 72-0389530

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Gibsland Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. Gibsland Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Ruston, Shreveport, Minden, Monroe, and Durango among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Gibsland Bank & Trust Company has an above 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

130

Origination Dollar Volume (All Markets)

$21,620,000

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
Ruston, LA (FHA\|USDA\|VA)	26	$6,800,000	$261,538	$0	0.00%
SHREVEPORT-BOSSIER CITY, LA (FHA\|USDA\|VA)	26	$4,280,000	$164,615	$0	0.00%
Minden, LA (FHA\|USDA\|VA)	34	$4,220,000	$124,118	$0	0.00%
Outside of Metro Areas	34	$3,590,000	$105,588	$0	0.00%
MONROE, LA (FHA\|USDA\|VA)	4	$880,000	$220,000	$0	0.00%
Durango, CO (FHA\|USDA\|VA)	1	$765,000	$765,000	$0	0.00%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	1	$455,000	$455,000	$0	0.00%
ALEXANDRIA, LA (FHA\|USDA\|VA)	2	$390,000	$195,000	$0	0.00%
BEAUMONT-PORT ARTHUR, TX (FHA\|USDA\|VA)	2	$240,000	$120,000	$0	0.00%

Gibsland Bank & Trust Company's top markets include Ruston, Shreveport, Minden, Monroe, and Durango among others.

Their top states include:

Louisiana (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Texas (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	130	$21,620,000	$166,308	$0	0.00%

For 2023, Gibsland Bank & Trust Company's most frequently originated type of loan was Conventional, with 130 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	57	$11,085,000	$194,474	$0	0.00%
Home Purchase	50	$8,980,000	$179,600	$0	0.00%
Home Improvement	15	$955,000	$63,667	$0	0.00%
Other	8	$600,000	$75,000	$0	0.00%

For 2023, Gibsland Bank & Trust Company's most frequently cited loan purpose was Refi, with 57 originations. The 2nd most popular reason was Home Purchase, with 50 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	130	$21,620,000	$166,308	$0	0.00%

For 2023, Gibsland Bank & Trust Company's most frequently cited loan duration was Other, with 130 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	63	$3,265,000	$51,825	$0	0.00%
$100k-200k	43	$6,005,000	$139,651	$0	0.00%
$200k-400k	13	$3,475,000	$267,308	$0	0.00%
$400k-600k	6	$2,730,000	$455,000	$0	0.00%
$1MM+	3	$4,705,000	$1,568,333	$0	0.00%
$600k-1MM	2	$1,440,000	$720,000	$0	0.00%

2023 saw Gibsland Bank & Trust Company place emphasis on $100,000 or less loans with 63 originations, totaling $3,265,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	25	$4,205,000	$168,200	$0	0.00%
$50k-75k	18	$1,610,000	$89,444	$0	0.00%
$50k or less	18	$1,120,000	$62,222	$0	0.00%
$150k-250k	14	$3,440,000	$245,714	$0	0.00%
$75k-100k	10	$740,000	$74,000	$0	0.00%
$250k+	5	$915,000	$183,000	$0	0.00%

Gibsland Bank & Trust Company lent most frequently to those with incomes in the $100k-150k 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%	130	$21,620,000	$166,308	$0	0.00%

Gibsland Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 130 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	72	$10,750,000	$149,306	$0	0.00%
Not applicable	38	$9,330,000	$245,526	$0	0.00%
Black	20	$1,540,000	$77,000	$0	0.00%

Approval Rates

Total approvals of all applications
93.13%

Gibsland Bank & Trust Company has an average approval rate.

Pick Rate

Approvals leading to origination
85.38%

Gibsland Bank & Trust Company has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	130	$21,620,000	$166,308

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	130	$21,620,000	$166,308