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, Birmingham, and Monroe among others. We have data for 7 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.

    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

    169

    Origination Dollar Volume (All Markets)

    $15,795,000

    Employee count

    78

    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) 51 $5,475,000 $107,353 $0 0.00%
    Outside of Metro Areas 59 $4,795,000 $81,271 $0 0.00%
    Minden, LA (FHA|USDA|VA) 40 $3,580,000 $89,500 $0 0.00%
    Ruston, LA (FHA|USDA|VA) 14 $1,490,000 $106,429 $0 0.00%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    MONROE, LA (FHA|USDA|VA) 2 $170,000 $85,000 $0 0.00%
    Natchitoches, LA (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
    Gibsland Bank & Trust Company's top markets include Shreveport, Minden, Ruston, Birmingham, and Monroe among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 169 $15,795,000 $93,462 $0 0.00%

    For 2020, Gibsland Bank & Trust Company's most frequently originated type of loan was Conventional, with 169 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 115 $10,405,000 $90,478 $0 0.00%
    Home Purchase 47 $4,735,000 $100,745 $0 0.00%
    Other 5 $545,000 $109,000 $0 0.00%
    Home Improvement 2 $110,000 $55,000 $0 0.00%

    For 2020, Gibsland Bank & Trust Company's most frequently cited loan purpose was Refi, with 115 originations. The 2nd most popular reason was Home Purchase, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 169 $15,795,000 $93,462 $0 0.00%

    For 2020, Gibsland Bank & Trust Company's most frequently cited loan duration was Other, with 169 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 114 $5,190,000 $45,526 $0 0.00%
    $100k-200k 39 $5,405,000 $138,590 $0 0.00%
    $200k-400k 12 $3,330,000 $277,500 $0 0.00%
    $400k-600k 4 $1,870,000 $467,500 $0 0.00%

    2020 saw Gibsland Bank & Trust Company place emphasis on $100,000 or less loans with 114 originations, totaling $5,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $2,135,000 $54,744 $0 0.00%
    $50k-75k 24 $1,820,000 $75,833 $0 0.00%
    $100k-150k 18 $1,570,000 $87,222 $0 0.00%
    $75k-100k 13 $785,000 $60,385 $0 0.00%
    $150k-250k 12 $1,740,000 $145,000 $0 0.00%
    $250k+ 5 $995,000 $199,000 $0 0.00%

    Gibsland Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $50k-75k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 169 $15,795,000 $93,462 $0 0.00%

    Gibsland Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 169 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 77 $7,735,000 $100,455 $0 0.00%
    Not applicable 57 $6,705,000 $117,632 $0 0.00%
    Black 34 $1,300,000 $38,235 $0 0.00%
    Not provided 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.00%

    Gibsland Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.43%

    Gibsland Bank & Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 169 $15,795,000 $93,462

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $545,000 $109,000
    Single Family (1-4 Units):Manufactured 31 $1,855,000 $59,839
    Single Family (1-4 Units):Site-Built 133 $13,395,000 $100,714

    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 $71,409
    Gibsland Bank & Trust Company 1374 Homer Road Minden, LA 71055 Full Service B&M $87,612
    Gibsland Bank & Trust Company 15315 Hwy 9 Athens, LA 71003 Full Service B&M $12,164
    Gibsland Bank & Trust Company 1820 Second Street Arcadia, LA 71001 Full Service B&M $61,686
    Gibsland Bank & Trust Company 318 North Main Street Sibley, LA 71073 Full Service B&M $12,420
    Gibsland Bank & Trust Company 3400 Line Avenue Shreveport, LA 71106 Full Service B&M $7,182
    Gibsland Bank & Trust Company 5200 East Texas Street Bossier City, LA 71111 Full Service B&M $51,692
    Gibsland Bank & Trust Company 813 West Main Street Homer, LA 71040 Full Service B&M $69,765
    Gibsland Bank & Trust Company 9709 Mansfield Road Shreveport, LA 71118 Full Service B&M $35,921

    For 2020, Gibsland Bank & Trust Company had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,454
    Net interest income $17,930
    Total noninterest income $1,789
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,348
    Trading account gains and fees $0
    Additional Noninterest Income $441
    Pre-tax net operating income $1,702
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,421
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,421
    Minority interest net income $0
    Net income $1,421
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,421

    Gibsland Bank & Trust Company's gross interest income from loans was $21,454,000.
    Gibsland Bank & Trust Company's net interest income from loans was $17,930,000.
    Gibsland Bank & Trust Company's fee based income from loans was $1,348,000.
    Gibsland Bank & Trust Company's net income from loans was $1,421,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,524
    Provision for credit losses $5,130
    Total noninterest expense $12,887
    Salaries and employee benefits $6,274
    Premises and equipment expense $1,792
    Additional noninterest expense $4,821
    Applicable income taxes $281
    Net charge-offs $5,033
    Cash dividends $270

    Gibsland Bank & Trust Company's interest expense for loans was $3,524,000.
    Gibsland Bank & Trust Company's payroll and benefits expense were $6,274,000.
    Gibsland Bank & Trust Company's property, plant and equipment expenses $1,792,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 10.0%
    Personal loans 3.0%
    Credit card loans 0.0%
    Other individual loans 3.0%
    Auto loans 0.0%
    Other consumer loans 3.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $407,537
    Deposits held in domestic offices $407,537
    Deposits by Individuals, partnerships, and corporations $293,398
    Deposits by U.S. Government $6,000
    Deposits by States and political subdivisions in the U.S. $108,139
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $200,900
    Demand deposits $131,022
    Nontransaction accounts $206,637
    Money market deposit accounts (MMDAs) $50,830
    Other savings deposits (excluding MMDAs) $50,753
    Total time deposits $105,054
    Total time and savings deposits $276,515
    Noninterest-bearing deposits $69,718
    Interest-bearing deposits $337,819
    Retail deposits $366,925
    IRAs and Keogh plan accounts $5,366
    Brokered deposits $6,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $472,909
    Cash & Balances due from depository institutions $22,231
    Interest-bearing balances $9,373
    Total securities $77,763
    Federal funds sold & reverse repurchase $55,275
    Net loans and leases $283,510
    Loan and leases loss allowance $2,119
    Trading account assets $0
    Bank premises and fixed assets $11,626
    Other real estate owned $8,709
    Goodwill and other intangibles $0
    All other assets $13,795

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $472,909
    Total Liabilities $423,688
    Total deposits $407,537
    Interest-bearing deposits $337,819
    Deposits held in domestic offices $407,537
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $13,011
    Subordinated debt $0
    All other liabilities $3,140

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $283,510
    Loan and leases loss allowance $2,119
    Total loans and leases (domestic) $285,629
    All real estate loans $221,110
    Real estate loans in domestic offices $221,110
    Construction and development loans $23,704
    Residential 1-4 family construction $4,185
    Other construction, all land development and other land $19,519
    Loans secured by nonfarm nonresidential properties $109,432
    Nonfarm nonresidential secured by owner-occupied properties $91,200
    Commercial real estate & other non-farm, non-residential $18,232
    Multifamily residential real estate $8,563
    1-4 family residential loans $51,206
    Farmland loans $28,205
    Loans held in foreign offices $0
    Farm loans $1,736
    Commercial and industrial loans $53,295
    To non-U.S. addressees $0
    Loans to individuals $9,488
    Credit card loans $208
    Related Plans $0
    Consumer Auto Loans $1,257
    Other loans to individuals $8,023
    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 $283,510,000 of loans outstanding in 2020. $221,110,000 of loans were in real estate loans. $23,704,000 of loans were in development loans. $8,563,000 of loans were in multifamily mortgage loans. $51,206,000 of loans were in 1-4 family mortgage loans. $1,736,000 of loans were in farm loans. $208,000 of loans were in credit card loans. $1,257,000 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 305 $54,131 $177,479
    Nonfarm, nonresidential loans - <$100k 132 $4,906 $37,167
    Nonfarm, nonresidential loans - $100-250k 78 $10,665 $136,731
    Nonfarm, nonresidential loans - $250k-1MM 95 $38,560 $405,895
    Commercial & Industrial, US addressed loans - <$1MM 620 $40,944 $66,039
    Commercial & Industrial, US addressed loans - <$100k 475 $10,168 $21,406
    Commercial & Industrial, US addressed loans - $100-250k 87 $10,526 $120,989
    Commercial & Industrial, US addressed loans - $250k-1MM 58 $20,250 $349,138
    Farmland loans - <$1MM 47 $6,104 $129,872
    Farmland loans - <$100k 20 $662 $33,100
    Farmland loans - $100-250k 16 $2,040 $127,500
    Farmland loans - $250k-1MM 11 $3,402 $309,273
    Agriculture operations loans - <$1MM 29 $1,735 $59,828
    Agriculture operations loans - <$100k 20 $644 $32,200
    Agriculture operations loans - $100-250k 8 $986 $123,250
    Agriculture operations loans - $250k-1MM 1 $105 $105,000