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, Monroe, Ruston, and Longview among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Gibsland Bank & Trust Company has an average approval rate when compared to the average across all lenders. They have an 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.

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    Originations

    212

    Origination Dollar Volume (All Markets)

    $29,190,000

    Employee count

    96

    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
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 77 $10,445,000 $135,649 $0 0.00%
    Outside of Metro Areas 58 $7,540,000 $130,000 $0 0.00%
    Minden, LA (FHA|USDA|VA) 49 $4,965,000 $101,327 $0 0.00%
    MONROE, LA (FHA|USDA|VA) 6 $3,270,000 $545,000 $0 0.00%
    Ruston, LA (FHA|USDA|VA) 19 $2,445,000 $128,684 $0 0.00%
    LONGVIEW, TX (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    LUBBOCK, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    DeRidder, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Gibsland Bank & Trust Company's top markets include Shreveport, Minden, Monroe, Ruston, and Longview among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 212 $29,190,000 $137,689 $0 0.00%

    For 2019, Gibsland Bank & Trust Company's most frequently originated type of loan was Conventional, with 212 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 131 $19,255,000 $146,985 $0 0.00%
    Home Purchase 70 $9,620,000 $137,429 $0 0.00%
    Other 6 $200,000 $33,333 $0 0.00%
    Home Improvement 5 $115,000 $23,000 $0 0.00%

    For 2019, Gibsland Bank & Trust Company's most frequently cited loan purpose was Refi, with 131 originations. The 2nd most popular reason was Home Purchase, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 212 $29,190,000 $137,689 $0 0.00%

    For 2019, Gibsland Bank & Trust Company's most frequently cited loan duration was Other, with 212 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 144 $6,290,000 $43,681 $0 0.00%
    $100k-200k 34 $4,730,000 $139,118 $0 0.00%
    $200k-400k 18 $4,720,000 $262,222 $0 0.00%
    $400k-600k 8 $4,300,000 $537,500 $0 0.00%
    $1MM+ 5 $6,815,000 $1,363,000 $0 0.00%
    $600k-1MM 3 $2,335,000 $778,333 $0 0.00%

    2019 saw Gibsland Bank & Trust Company place emphasis on $100,000 or less loans with 144 originations, totaling $6,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 44 $2,240,000 $50,909 $0 0.00%
    $50k-75k 29 $1,675,000 $57,759 $0 0.00%
    $75k-100k 28 $3,170,000 $113,214 $0 0.00%
    $100k-150k 23 $2,815,000 $122,391 $0 0.00%
    $150k-250k 12 $1,190,000 $99,167 $0 0.00%
    $250k+ 5 $1,155,000 $231,000 $0 0.00%

    Gibsland Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 44 originations. The second most popular income band? $50k-75k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 212 $29,190,000 $137,689 $0 0.00%

    Gibsland Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 212 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 71 $16,945,000 $238,662 $0 0.00%
    White 105 $9,885,000 $94,143 $0 0.00%
    Black 36 $2,360,000 $65,556 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.92%

    Gibsland Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.87%

    Gibsland Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 212 $29,190,000 $137,689

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $505,000 $505,000
    Multifamily:Site-Built 10 $7,490,000 $749,000
    Single Family (1-4 Units):Manufactured 49 $3,615,000 $73,776
    Single Family (1-4 Units):Site-Built 152 $17,580,000 $115,658

    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 $74,686
    Gibsland Bank & Trust Company 1374 Homer Road Minden, LA 71055 Full Service B&M $78,172
    Gibsland Bank & Trust Company 15315 Hwy 9 Athens, LA 71003 Full Service B&M $12,063
    Gibsland Bank & Trust Company 1820 Second Street Arcadia, LA 71001 Full Service B&M $47,037
    Gibsland Bank & Trust Company 318 North Main Street Sibley, LA 71073 Full Service B&M $9,599
    Gibsland Bank & Trust Company 3400 Line Avenue Shreveport, LA 71106 Full Service B&M $4,465
    Gibsland Bank & Trust Company 5200 East Texas Street Bossier City, LA 71111 Full Service B&M $52,629
    Gibsland Bank & Trust Company 813 West Main Street Homer, LA 71040 Full Service B&M $57,702
    Gibsland Bank & Trust Company 9709 Mansfield Road Shreveport, LA 71118 Full Service B&M $40,292

    For 2019, Gibsland Bank & Trust Company had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,400
    Net interest income $17,500
    Total noninterest income $2,898
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,338
    Trading account gains and fees $0
    Additional Noninterest Income $1,560
    Pre-tax net operating income $3,174
    Securities gains (or losses, -) $4
    Income before extraordinary items $2,608
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,608
    Minority interest net income $0
    Net income $2,608
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,604

    Gibsland Bank & Trust Company's gross interest income from loans was $22,400,000.
    Gibsland Bank & Trust Company's net interest income from loans was $17,500,000.
    Gibsland Bank & Trust Company's fee based income from loans was $1,338,000.
    Gibsland Bank & Trust Company's net income from loans was $2,608,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,900
    Provision for credit losses $3,945
    Total noninterest expense $13,279
    Salaries and employee benefits $6,602
    Premises and equipment expense $1,638
    Additional noninterest expense $5,039
    Applicable income taxes $570
    Net charge-offs $3,965
    Cash dividends $270

    Gibsland Bank & Trust Company's interest expense for loans was $4,900,000.
    Gibsland Bank & Trust Company's payroll and benefits expense were $6,602,000.
    Gibsland Bank & Trust Company's property, plant and equipment expenses $1,638,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 11.0%
    Personal loans 3.0%
    Credit card loans 0.0%
    Other individual loans 3.0%
    Auto loans 4.0%
    Other consumer loans 3.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $402,329
    Deposits held in domestic offices $402,329
    Deposits by Individuals, partnerships, and corporations $270,197
    Deposits by U.S. Government $22,000
    Deposits by States and political subdivisions in the U.S. $103,399
    Deposits by Commercial banks and other depository institutions in U.S. $6,733
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $167,047
    Demand deposits $51,490
    Nontransaction accounts $235,282
    Money market deposit accounts (MMDAs) $42,439
    Other savings deposits (excluding MMDAs) $34,692
    Total time deposits $158,151
    Total time and savings deposits $350,839
    Noninterest-bearing deposits $54,999
    Interest-bearing deposits $347,330
    Retail deposits $335,709
    IRAs and Keogh plan accounts $5,917
    Brokered deposits $22,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $465,860
    Cash & Balances due from depository institutions $23,982
    Interest-bearing balances $9,287
    Total securities $66,590
    Federal funds sold & reverse repurchase $26,275
    Net loans and leases $311,890
    Loan and leases loss allowance $2,022
    Trading account assets $0
    Bank premises and fixed assets $11,423
    Other real estate owned $9,680
    Goodwill and other intangibles $0
    All other assets $16,020

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $465,860
    Total Liabilities $418,892
    Total deposits $402,329
    Interest-bearing deposits $347,330
    Deposits held in domestic offices $402,329
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $13,011
    Subordinated debt $0
    All other liabilities $3,552

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $311,890
    Loan and leases loss allowance $2,022
    Total loans and leases (domestic) $313,912
    All real estate loans $236,496
    Real estate loans in domestic offices $236,496
    Construction and development loans $20,168
    Residential 1-4 family construction $6,303
    Other construction, all land development and other land $13,865
    Loans secured by nonfarm nonresidential properties $115,162
    Nonfarm nonresidential secured by owner-occupied properties $92,195
    Commercial real estate & other non-farm, non-residential $22,967
    Multifamily residential real estate $8,297
    1-4 family residential loans $60,587
    Farmland loans $32,282
    Loans held in foreign offices $0
    Farm loans $2,230
    Commercial and industrial loans $63,454
    To non-U.S. addressees $0
    Loans to individuals $11,732
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,985
    Other loans to individuals $9,747
    All other loans & leases $0
    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 $311,890,000 of loans outstanding in 2019. $236,496,000 of loans were in real estate loans. $20,168,000 of loans were in development loans. $8,297,000 of loans were in multifamily mortgage loans. $60,587,000 of loans were in 1-4 family mortgage loans. $2,230,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,985,000 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 342 $57,697 $168,705
    Nonfarm, nonresidential loans - <$100k 154 $5,676 $36,857
    Nonfarm, nonresidential loans - $100-250k 90 $13,482 $149,800
    Nonfarm, nonresidential loans - $250k-1MM 98 $38,539 $393,255
    Commercial & Industrial, US addressed loans - <$1MM 647 $44,453 $68,706
    Commercial & Industrial, US addressed loans - <$100k 492 $11,604 $23,585
    Commercial & Industrial, US addressed loans - $100-250k 93 $11,388 $122,452
    Commercial & Industrial, US addressed loans - $250k-1MM 62 $21,461 $346,145
    Farmland loans - <$1MM 52 $6,450 $124,038
    Farmland loans - <$100k 23 $803 $34,913
    Farmland loans - $100-250k 18 $2,339 $129,944
    Farmland loans - $250k-1MM 11 $3,308 $300,727
    Agriculture operations loans - <$1MM 29 $2,230 $76,897
    Agriculture operations loans - <$100k 20 $832 $41,600
    Agriculture operations loans - $100-250k 7 $1,086 $155,143
    Agriculture operations loans - $250k-1MM 2 $312 $156,000