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

Jump to:

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 Baton Rouge 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    143

    Origination Dollar Volume (All Markets)

    $20,405,000

    Employee count

    84

    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) 33 $5,845,000 $177,121 $0 0.00%
    Outside of Metro Areas 49 $5,605,000 $114,388 $0 0.00%
    Minden, LA (FHA|USDA|VA) 38 $4,280,000 $112,632 $0 0.00%
    Ruston, LA (FHA|USDA|VA) 19 $3,525,000 $185,526 $0 0.00%
    MONROE, LA (FHA|USDA|VA) 1 $855,000 $855,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    LONGVIEW, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Gibsland Bank & Trust Company's top markets include Shreveport, Minden, Ruston, Monroe, and Baton Rouge 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 143 $20,405,000 $142,692 $0 0.00%

    For 2021, Gibsland Bank & Trust Company's most frequently originated type of loan was Conventional, with 143 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 85 $13,185,000 $155,118 $0 0.00%
    Home Purchase 46 $6,390,000 $138,913 $0 0.00%
    Home Improvement 7 $465,000 $66,429 $0 0.00%
    Other 5 $365,000 $73,000 $0 0.00%

    For 2021, Gibsland Bank & Trust Company's most frequently cited loan purpose was Refi, with 85 originations. The 2nd most popular reason was Home Purchase, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 143 $20,405,000 $142,692 $0 0.00%

    For 2021, Gibsland Bank & Trust Company's most frequently cited loan duration was Other, with 143 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 85 $4,185,000 $49,235 $0 0.00%
    $100k-200k 33 $4,595,000 $139,242 $0 0.00%
    $200k-400k 14 $3,500,000 $250,000 $0 0.00%
    $600k-1MM 5 $3,795,000 $759,000 $0 0.00%
    $400k-600k 4 $1,910,000 $477,500 $0 0.00%
    $1MM+ 2 $2,420,000 $1,210,000 $0 0.00%

    2021 saw Gibsland Bank & Trust Company place emphasis on $100,000 or less loans with 85 originations, totaling $4,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 35 $1,875,000 $53,571 $0 0.00%
    $100k-150k 27 $3,695,000 $136,852 $0 0.00%
    $50k-75k 17 $1,745,000 $102,647 $0 0.00%
    $75k-100k 17 $1,895,000 $111,471 $0 0.00%
    $150k-250k 10 $1,580,000 $158,000 $0 0.00%
    $250k+ 2 $1,190,000 $595,000 $0 0.00%

    Gibsland Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 35 originations. The second most popular income band? $100k-150k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 143 $20,405,000 $142,692 $0 0.00%

    Gibsland Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 143 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 87 $10,475,000 $120,402 $0 0.00%
    Not applicable 33 $8,025,000 $243,182 $0 0.00%
    Black 20 $1,330,000 $66,500 $0 0.00%
    American Indian 2 $490,000 $245,000 $0 0.00%
    Other Asian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.53%

    Gibsland Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.31%

    Gibsland Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 143 $20,405,000 $142,692

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    143 $20,405,000 $142,692

    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 $58,499
    Gibsland Bank & Trust Company 1374 Homer Road Minden, LA 71055 Full Service B&M $94,293
    Gibsland Bank & Trust Company 15315 Hwy 9 Athens, LA 71003 Full Service B&M $13,486
    Gibsland Bank & Trust Company 1820 Second Street Arcadia, LA 71001 Full Service B&M $50,711
    Gibsland Bank & Trust Company 318 North Main Street Sibley, LA 71073 Full Service B&M $14,197
    Gibsland Bank & Trust Company 3400 Line Avenue Shreveport, LA 71106 Full Service B&M $6,209
    Gibsland Bank & Trust Company 5200 East Texas Street Bossier City, LA 71111 Full Service B&M $47,723
    Gibsland Bank & Trust Company 600 East Main Street Homer, LA 71040 Full Service B&M $3,075
    Gibsland Bank & Trust Company 813 West Main Street Homer, LA 71040 Full Service B&M $72,641
    Gibsland Bank & Trust Company 9709 Mansfield Road Shreveport, LA 71118 Full Service B&M $35,396

    For 2021, Gibsland Bank & Trust Company had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,764
    Net interest income $16,077
    Total noninterest income $4,509
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,347
    Trading account gains and fees $0
    Additional Noninterest Income $3,162
    Pre-tax net operating income $2,565
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,143
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,143
    Minority interest net income $0
    Net income $2,143
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,143

    Gibsland Bank & Trust Company's gross interest income from loans was $17,764,000.
    Gibsland Bank & Trust Company's net interest income from loans was $16,077,000.
    Gibsland Bank & Trust Company's fee based income from loans was $1,347,000.
    Gibsland Bank & Trust Company's net income from loans was $2,143,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,687
    Provision for credit losses $5,295
    Total noninterest expense $12,726
    Salaries and employee benefits $5,748
    Premises and equipment expense $1,874
    Additional noninterest expense $5,104
    Applicable income taxes $422
    Net charge-offs $5,292
    Cash dividends $270

    Gibsland Bank & Trust Company's interest expense for loans was $1,687,000.
    Gibsland Bank & Trust Company's payroll and benefits expense were $5,748,000.
    Gibsland Bank & Trust Company's property, plant and equipment expenses $1,874,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 8.0%
    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 $419,467
    Deposits held in domestic offices $419,467
    Deposits by Individuals, partnerships, and corporations $311,865
    Deposits by U.S. Government $6,000
    Deposits by States and political subdivisions in the U.S. $101,105
    Deposits by Commercial banks and other depository institutions in U.S. $497
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $215,609
    Demand deposits $121,537
    Nontransaction accounts $203,858
    Money market deposit accounts (MMDAs) $54,290
    Other savings deposits (excluding MMDAs) $59,970
    Total time deposits $89,598
    Total time and savings deposits $297,930
    Noninterest-bearing deposits $82,360
    Interest-bearing deposits $337,107
    Retail deposits $380,898
    IRAs and Keogh plan accounts $4,325
    Brokered deposits $6,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $475,903
    Cash & Balances due from depository institutions $51,042
    Interest-bearing balances $42,290
    Total securities $121,637
    Federal funds sold & reverse repurchase $0
    Net loans and leases $264,755
    Loan and leases loss allowance $2,122
    Trading account assets $0
    Bank premises and fixed assets $12,488
    Other real estate owned $10,161
    Goodwill and other intangibles $0
    All other assets $15,820

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $475,903
    Total Liabilities $425,769
    Total deposits $419,467
    Interest-bearing deposits $337,107
    Deposits held in domestic offices $419,467
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,500
    Subordinated debt $0
    All other liabilities $3,802

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $264,755
    Loan and leases loss allowance $2,122
    Total loans and leases (domestic) $266,877
    All real estate loans $208,575
    Real estate loans in domestic offices $208,575
    Construction and development loans $18,896
    Residential 1-4 family construction $2,961
    Other construction, all land development and other land $15,935
    Loans secured by nonfarm nonresidential properties $104,548
    Nonfarm nonresidential secured by owner-occupied properties $86,631
    Commercial real estate & other non-farm, non-residential $17,917
    Multifamily residential real estate $11,812
    1-4 family residential loans $48,132
    Farmland loans $25,187
    Loans held in foreign offices $0
    Farm loans $1,153
    Commercial and industrial loans $48,784
    To non-U.S. addressees $0
    Loans to individuals $8,365
    Credit card loans $214
    Related Plans $0
    Consumer Auto Loans $679
    Other loans to individuals $7,472
    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 $264,755,000 of loans outstanding in 2021. $208,575,000 of loans were in real estate loans. $18,896,000 of loans were in development loans. $11,812,000 of loans were in multifamily mortgage loans. $48,132,000 of loans were in 1-4 family mortgage loans. $1,153,000 of loans were in farm loans. $214,000 of loans were in credit card loans. $679,000 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 247 $44,920 $181,862
    Nonfarm, nonresidential loans - <$100k 102 $3,846 $37,706
    Nonfarm, nonresidential loans - $100-250k 61 $8,022 $131,508
    Nonfarm, nonresidential loans - $250k-1MM 84 $33,052 $393,476
    Commercial & Industrial, US addressed loans - <$1MM 461 $40,543 $87,946
    Commercial & Industrial, US addressed loans - <$100k 324 $9,391 $28,985
    Commercial & Industrial, US addressed loans - $100-250k 88 $11,593 $131,739
    Commercial & Industrial, US addressed loans - $250k-1MM 49 $19,559 $399,163
    Farmland loans - <$1MM 49 $5,628 $114,857
    Farmland loans - <$100k 22 $712 $32,364
    Farmland loans - $100-250k 17 $2,125 $125,000
    Farmland loans - $250k-1MM 10 $2,791 $279,100
    Agriculture operations loans - <$1MM 21 $1,153 $54,905
    Agriculture operations loans - <$100k 15 $474 $31,600
    Agriculture operations loans - $100-250k 5 $657 $131,400
    Agriculture operations loans - $250k-1MM 1 $22 $22,000