Gibsland Bank & Trust Company Mortgage Rates, Fees & Info

Gibsland, LA

LEI: 54930094EUD08LZEJR51

Tax ID: 72-0389530

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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: Shreveport, Minden, Ruston, Monroe, and Indiana among others. We have data for 6 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

    174

    Origination Dollar Volume (All Markets)

    $15,790,000

    Employee count

    94

    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
    Outside of Metro Areas 66 $6,100,000 $92,424 $0 0.00%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 36 $4,640,000 $128,889 $0 0.00%
    Minden, LA (FHA|USDA|VA) 44 $3,100,000 $70,455 $0 0.00%
    Ruston, LA (FHA|USDA|VA) 23 $1,655,000 $71,957 $0 0.00%
    MONROE, LA (FHA|USDA|VA) 4 $260,000 $65,000 $0 0.00%
    Indiana, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Gibsland Bank & Trust Company's top markets include Shreveport, Minden, Ruston, Monroe, and Indiana among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 174 $15,790,000 $90,747 $0 0.00%

    For 2018, Gibsland Bank & Trust Company's most frequently originated type of loan was Conventional, with 174 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 110 $10,600,000 $96,364 $0 0.00%
    Home Purchase 45 $4,545,000 $101,000 $0 0.00%
    Home Improvement 10 $360,000 $36,000 $0 0.00%
    Other 9 $285,000 $31,667 $0 0.00%

    For 2018, Gibsland Bank & Trust Company's most frequently cited loan purpose was Refi, with 110 originations. The 2nd most popular reason was Home Purchase, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 174 $15,790,000 $90,747 $0 0.00%

    For 2018, Gibsland Bank & Trust Company's most frequently cited loan duration was Other, with 174 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 134 $5,630,000 $42,015 $0 0.00%
    $100k-200k 24 $3,290,000 $137,083 $0 0.00%
    $200k-400k 8 $1,890,000 $236,250 $0 0.00%
    $600k-1MM 5 $3,475,000 $695,000 $0 0.00%
    $400k-600k 3 $1,505,000 $501,667 $0 0.00%

    2018 saw Gibsland Bank & Trust Company place emphasis on $100,000 or less loans with 134 originations, totaling $5,630,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 67 $4,195,000 $62,612 $0 0.00%
    $50k-75k 35 $2,445,000 $69,857 $0 0.00%
    $100k-150k 18 $1,770,000 $98,333 $0 0.00%
    $75k-100k 12 $880,000 $73,333 $0 0.00%
    $150k-250k 7 $955,000 $136,429 $0 0.00%
    $250k+ 5 $735,000 $147,000 $0 0.00%

    Gibsland Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 67 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 174 $15,790,000 $90,747 $0 0.00%

    Gibsland Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 174 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 91 $7,575,000 $83,242 $0 0.00%
    Not applicable 28 $4,570,000 $163,214 $0 0.00%
    Black 55 $3,645,000 $66,273 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.37%

    Gibsland Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.78%

    Gibsland Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 174 $15,790,000 $90,747

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $795,000 $795,000
    Single Family (1-4 Units):Manufactured 46 $2,490,000 $54,130
    Single Family (1-4 Units):Site-Built 127 $12,505,000 $98,465

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Gibsland Bank & Trust Company 1246 Third Street Gibsland, LA 71028 Full Service B&M $78,999
    Gibsland Bank & Trust Company 1374 Homer Road Minden, LA 71055 Full Service B&M $70,023
    Gibsland Bank & Trust Company 15315 Hwy 9 Athens, LA 71003 Full Service B&M $12,020
    Gibsland Bank & Trust Company 1820 Second Street Arcadia, LA 71001 Full Service B&M $46,809
    Gibsland Bank & Trust Company 318 North Main Street Sibley, LA 71073 Full Service B&M $8,097
    Gibsland Bank & Trust Company 5200 East Texas Street Bossier City, LA 71111 Full Service B&M $52,675
    Gibsland Bank & Trust Company 813 West Main Street Homer, LA 71040 Full Service B&M $44,629
    Gibsland Bank & Trust Company 9709 Mansfield Road Shreveport, LA 71118 Full Service B&M $44,766

    For 2018, Gibsland Bank & Trust Company had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,958
    Net interest income $16,961
    Total noninterest income $2,303
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $949
    Trading account gains and fees $0
    Additional Noninterest Income $1,354
    Pre-tax net operating income $3,231
    Securities gains (or losses, -) $2
    Income before extraordinary items $2,589
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,589
    Minority interest net income $0
    Net income $2,589
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,587

    Gibsland Bank & Trust Company's gross interest income from loans was $20,958,000.
    Gibsland Bank & Trust Company's net interest income from loans was $16,961,000.
    Gibsland Bank & Trust Company's fee based income from loans was $949,000.
    Gibsland Bank & Trust Company's net income from loans was $2,589,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,997
    Provision for credit losses $3,815
    Total noninterest expense $12,218
    Salaries and employee benefits $6,101
    Premises and equipment expense $1,639
    Additional noninterest expense $4,478
    Applicable income taxes $644
    Net charge-offs $3,394
    Cash dividends $270

    Gibsland Bank & Trust Company's interest expense for loans was $3,997,000.
    Gibsland Bank & Trust Company's payroll and benefits expense were $6,101,000.
    Gibsland Bank & Trust Company's property, plant and equipment expenses $1,639,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 6.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 8.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 4.0%
    HELOC loans 0.0%
    All other family 4.0%
    Commercial & industrial loans 16.0%
    Personal loans 4.0%
    Credit card loans 0.0%
    Other individual loans 4.0%
    Auto loans 5.0%
    Other consumer loans 4.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $365,008
    Deposits held in domestic offices $365,008
    Deposits by Individuals, partnerships, and corporations $268,940
    Deposits by U.S. Government $22,000
    Deposits by States and political subdivisions in the U.S. $65,468
    Deposits by Commercial banks and other depository institutions in U.S. $8,600
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $141,087
    Demand deposits $47,344
    Nontransaction accounts $223,921
    Money market deposit accounts (MMDAs) $29,411
    Other savings deposits (excluding MMDAs) $35,300
    Total time deposits $159,211
    Total time and savings deposits $317,664
    Noninterest-bearing deposits $47,580
    Interest-bearing deposits $317,428
    Retail deposits $325,244
    IRAs and Keogh plan accounts $5,792
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $425,149
    Cash & Balances due from depository institutions $16,875
    Interest-bearing balances $8,302
    Total securities $48,410
    Federal funds sold & reverse repurchase $35,850
    Net loans and leases $292,744
    Loan and leases loss allowance $2,042
    Trading account assets $0
    Bank premises and fixed assets $11,130
    Other real estate owned $6,562
    Goodwill and other intangibles $0
    All other assets $13,578

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $425,149
    Total Liabilities $381,657
    Total deposits $365,008
    Interest-bearing deposits $317,428
    Deposits held in domestic offices $365,008
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $13,048
    Subordinated debt $0
    All other liabilities $3,601

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $292,744
    Loan and leases loss allowance $2,042
    Total loans and leases (domestic) $294,786
    All real estate loans $222,450
    Real estate loans in domestic offices $222,450
    Construction and development loans $20,965
    Residential 1-4 family construction $4,398
    Other construction, all land development and other land $16,567
    Loans secured by nonfarm nonresidential properties $111,238
    Nonfarm nonresidential secured by owner-occupied properties $91,105
    Commercial real estate & other non-farm, non-residential $20,133
    Multifamily residential real estate $6,245
    1-4 family residential loans $56,681
    Farmland loans $27,321
    Loans held in foreign offices $0
    Farm loans $1,688
    Commercial and industrial loans $55,959
    To non-U.S. addressees $0
    Loans to individuals $14,389
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,363
    Other loans to individuals $12,026
    All other loans & leases $300
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Gibsland Bank & Trust Company had $292,744,000 of loans outstanding in 2018. $222,450,000 of loans were in real estate loans. $20,965,000 of loans were in development loans. $6,245,000 of loans were in multifamily mortgage loans. $56,681,000 of loans were in 1-4 family mortgage loans. $1,688,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,363,000 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 355 $59,350 $167,183
    Nonfarm, nonresidential loans - <$100k 153 $5,296 $34,614
    Nonfarm, nonresidential loans - $100-250k 99 $13,865 $140,051
    Nonfarm, nonresidential loans - $250k-1MM 103 $40,189 $390,184
    Commercial & Industrial, US addressed loans - <$1MM 660 $40,014 $60,627
    Commercial & Industrial, US addressed loans - <$100k 517 $12,229 $23,654
    Commercial & Industrial, US addressed loans - $100-250k 92 $10,708 $116,391
    Commercial & Industrial, US addressed loans - $250k-1MM 51 $17,077 $334,843
    Farmland loans - <$1MM 56 $6,108 $109,071
    Farmland loans - <$100k 26 $715 $27,500
    Farmland loans - $100-250k 21 $2,682 $127,714
    Farmland loans - $250k-1MM 9 $2,711 $301,222
    Agriculture operations loans - <$1MM 28 $1,687 $60,250
    Agriculture operations loans - <$100k 20 $662 $33,100
    Agriculture operations loans - $100-250k 7 $771 $110,143
    Agriculture operations loans - $250k-1MM 1 $254 $254,000