Marion State Bank Mortgage Rates, Fees & Info

Marion, LA

LEI: 549300CEGE3J950SQK51

Tax ID: 72-0252110

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

    Marion State Bank is a smaller bank specializing in Refi and Home Purchase loans. Marion State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Monroe, Ruston, and Minden among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Marion State Bank has an 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.

    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

    173

    Origination Dollar Volume (All Markets)

    $19,515,000

    Employee count

    51

    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
    MONROE, LA (FHA|USDA|VA) 154 $16,390,000 $106,429 $0 0.00%
    Outside of Metro Areas 13 $2,475,000 $190,385 $0 0.00%
    Ruston, LA (FHA|USDA|VA) 5 $605,000 $121,000 $0 0.00%
    Minden, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Marion State Bank's top markets include Monroe, Ruston, and Minden among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 173 $19,515,000 $112,803 $0 0.00%

    For 2018, Marion State Bank's most frequently originated type of loan was Conventional, with 173 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 106 $12,560,000 $118,491 $0 0.00%
    Home Purchase 48 $5,420,000 $112,917 $0 0.00%
    Home Improvement 11 $325,000 $29,545 $0 0.00%
    Other 5 $265,000 $53,000 $0 0.00%
    Cash Out Refi 3 $945,000 $315,000 $0 0.00%

    For 2018, Marion State Bank's most frequently cited loan purpose was Refi, with 106 originations. The 2nd most popular reason was Home Purchase, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 173 $19,515,000 $112,803 $0 0.00%

    For 2018, Marion State Bank's most frequently cited loan duration was Other, with 173 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 112 $4,500,000 $40,179 $0 0.00%
    $100k-200k 30 $3,980,000 $132,667 $0 0.00%
    $200k-400k 25 $6,685,000 $267,400 $0 0.00%
    $400k-600k 3 $1,395,000 $465,000 $0 0.00%
    $600k-1MM 2 $1,610,000 $805,000 $0 0.00%
    $1MM+ 1 $1,345,000 $1,345,000 $0 0.00%

    2018 saw Marion State Bank place emphasis on $100,000 or less loans with 112 originations, totaling $4,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 30 $1,050,000 $35,000 $0 0.00%
    $50k-75k 27 $2,525,000 $93,519 $0 0.00%
    $100k-150k 26 $3,600,000 $138,462 $0 0.00%
    $150k-250k 22 $3,080,000 $140,000 $0 0.00%
    $75k-100k 20 $2,290,000 $114,500 $0 0.00%
    $250k+ 7 $525,000 $75,000 $0 0.00%

    Marion State Bank lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $50k-75k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 173 $19,515,000 $112,803 $0 0.00%

    Marion State Bank lent most frequently to those with DTI ratios of Exempt%, with 173 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 130 $13,050,000 $100,385 $0 0.00%
    Not applicable 38 $6,360,000 $167,368 $0 0.00%
    Black 5 $105,000 $21,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.60%

    Marion State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.55%

    Marion State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 173 $19,515,000 $112,803

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $65,000 $65,000
    Multifamily:Site-Built 3 $1,425,000 $475,000
    Single Family (1-4 Units):Manufactured 46 $1,830,000 $39,783
    Single Family (1-4 Units):Site-Built 123 $16,195,000 $131,667

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Marion State Bank 718 Sterlington Highway Farmerville, LA 71241 Full Service B&M $54,468
    Marion State Bank 9032 Highway #165 North Sterlington, LA 71280 Full Service B&M $34,678
    Marion State Bank 1270 Louisiana Highway 15 West Monroe, LA 71291 Full Service B&M $2,748
    Marion State Bank 345 Main Street Marion, LA 71260 Full Service B&M $42,899

    For 2018, Marion State Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,098
    Net interest income $6,931
    Total noninterest income $993
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $459
    Trading account gains and fees $0
    Additional Noninterest Income $534
    Pre-tax net operating income $1,387
    Securities gains (or losses, -) $-11
    Income before extraordinary items $1,096
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,096
    Minority interest net income $0
    Net income $1,096
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,104

    Marion State Bank's gross interest income from loans was $8,098,000.
    Marion State Bank's net interest income from loans was $6,931,000.
    Marion State Bank's fee based income from loans was $459,000.
    Marion State Bank's net income from loans was $1,096,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,167
    Provision for credit losses $264
    Total noninterest expense $6,273
    Salaries and employee benefits $3,919
    Premises and equipment expense $719
    Additional noninterest expense $1,635
    Applicable income taxes $280
    Net charge-offs $123
    Cash dividends $71

    Marion State Bank's interest expense for loans was $1,167,000.
    Marion State Bank's payroll and benefits expense were $3,919,000.
    Marion State Bank's property, plant and equipment expenses $719,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    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 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $137,301
    Deposits held in domestic offices $137,301
    Deposits by Individuals, partnerships, and corporations $125,724
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,577
    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 $46,642
    Demand deposits $28,322
    Nontransaction accounts $90,659
    Money market deposit accounts (MMDAs) $21,619
    Other savings deposits (excluding MMDAs) $21,498
    Total time deposits $47,544
    Total time and savings deposits $108,979
    Noninterest-bearing deposits $28,933
    Interest-bearing deposits $108,368
    Retail deposits $127,148
    IRAs and Keogh plan accounts $8,154
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $166,505
    Cash & Balances due from depository institutions $12,935
    Interest-bearing balances $9,036
    Total securities $14,944
    Federal funds sold & reverse repurchase $0
    Net loans and leases $126,705
    Loan and leases loss allowance $1,227
    Trading account assets $0
    Bank premises and fixed assets $5,225
    Other real estate owned $38
    Goodwill and other intangibles $0
    All other assets $6,658

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $166,505
    Total Liabilities $147,281
    Total deposits $137,301
    Interest-bearing deposits $108,368
    Deposits held in domestic offices $137,301
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $8,557
    Subordinated debt $0
    All other liabilities $1,423

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $126,705
    Loan and leases loss allowance $1,227
    Total loans and leases (domestic) $127,932
    All real estate loans $100,740
    Real estate loans in domestic offices $100,740
    Construction and development loans $12,064
    Residential 1-4 family construction $4,375
    Other construction, all land development and other land $7,689
    Loans secured by nonfarm nonresidential properties $32,491
    Nonfarm nonresidential secured by owner-occupied properties $26,629
    Commercial real estate & other non-farm, non-residential $5,862
    Multifamily residential real estate $478
    1-4 family residential loans $34,689
    Farmland loans $21,018
    Loans held in foreign offices $0
    Farm loans $2,838
    Commercial and industrial loans $16,733
    To non-U.S. addressees $0
    Loans to individuals $6,681
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,068
    Other loans to individuals $3,613
    All other loans & leases $940
    Loans to foreign governments and official institutions $0
    Other loans $304
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,790
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $212
    Non 1-4 family restructured loans & leases $83
    Total loans and leases (foreign) $0

    Marion State Bank had $126,705,000 of loans outstanding in 2018. $100,740,000 of loans were in real estate loans. $12,064,000 of loans were in development loans. $478,000 of loans were in multifamily mortgage loans. $34,689,000 of loans were in 1-4 family mortgage loans. $2,838,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,068,000 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 126 $19,876 $157,746
    Nonfarm, nonresidential loans - <$100k 56 $2,048 $36,571
    Nonfarm, nonresidential loans - $100-250k 32 $4,047 $126,469
    Nonfarm, nonresidential loans - $250k-1MM 38 $13,781 $362,658
    Commercial & Industrial, US addressed loans - <$1MM 519 $15,424 $29,719
    Commercial & Industrial, US addressed loans - <$100k 464 $7,573 $16,321
    Commercial & Industrial, US addressed loans - $100-250k 38 $3,714 $97,737
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $4,137 $243,353
    Farmland loans - <$1MM 195 $12,045 $61,769
    Farmland loans - <$100k 150 $4,438 $29,587
    Farmland loans - $100-250k 33 $4,824 $146,182
    Farmland loans - $250k-1MM 12 $2,783 $231,917
    Agriculture operations loans - <$1MM 74 $2,339 $31,608
    Agriculture operations loans - <$100k 65 $1,437 $22,108
    Agriculture operations loans - $100-250k 9 $902 $100,222