Marion State Bank Mortgage Rates, Fees & Info

Marion, LA

LEI: 549300CEGE3J950SQK51

Tax ID: 72-0252110

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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

    Marion State Bank is a smaller bank specializing in Refi and Home Purchase loans. Marion State Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top two markets are Monroe and Ruston .

    Marion State Bank 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

    160

    Origination Dollar Volume (All Markets)

    $21,700,000

    Employee count

    53

    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) 134 $19,320,000 $144,179 $0 0.00%
    Outside of Metro Areas 23 $1,705,000 $74,130 $0 0.00%
    Ruston, LA (FHA|USDA|VA) 3 $675,000 $225,000 $0 0.00%
    Marion State Bank's top markets include Monroe and Ruston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 159 $21,625,000 $136,006 $0 0.00%
    USDA 1 $75,000 $75,000 $0 0.00%

    For 2019, Marion State Bank's most frequently originated type of loan was Conventional, with 159 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 98 $15,580,000 $158,980 $0 0.00%
    Home Purchase 46 $5,520,000 $120,000 $0 0.00%
    Other 11 $435,000 $39,545 $0 0.00%
    Home Improvement 5 $165,000 $33,000 $0 0.00%

    For 2019, Marion State Bank's most frequently cited loan purpose was Refi, with 98 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 160 $21,700,000 $135,625 $0 0.00%

    For 2019, Marion State Bank's most frequently cited loan duration was Other, with 160 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 105 $4,355,000 $41,476 $0 0.00%
    $200k-400k 27 $7,545,000 $279,444 $0 0.00%
    $100k-200k 18 $2,660,000 $147,778 $0 0.00%
    $400k-600k 5 $2,345,000 $469,000 $0 0.00%
    $600k-1MM 4 $3,310,000 $827,500 $0 0.00%
    $1MM+ 1 $1,485,000 $1,485,000 $0 0.00%

    2019 saw Marion State Bank place emphasis on $100,000 or less loans with 105 originations, totaling $4,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 32 $1,550,000 $48,438 $0 0.00%
    $100k-150k 29 $4,135,000 $142,586 $0 0.00%
    $150k-250k 19 $2,985,000 $157,105 $0 0.00%
    $75k-100k 19 $1,955,000 $102,895 $0 0.00%
    $50k-75k 18 $1,450,000 $80,556 $0 0.00%
    $250k+ 12 $1,400,000 $116,667 $0 0.00%

    Marion State Bank lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $100k-150k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 160 $21,700,000 $135,625 $0 0.00%

    Marion State Bank lent most frequently to those with DTI ratios of Exempt%, with 160 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 120 $13,040,000 $108,667 $0 0.00%
    Not applicable 29 $8,145,000 $280,862 $0 0.00%
    Black 10 $410,000 $41,000 $0 0.00%
    Other Asian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.44%

    Marion State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.00%

    Marion State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 160 $21,700,000 $135,625

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $75,000 $75,000
    Multifamily:Site-Built 6 $3,080,000 $513,333
    Single Family (1-4 Units):Manufactured 43 $1,555,000 $36,163
    Single Family (1-4 Units):Site-Built 110 $16,990,000 $154,455

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Marion State Bank 345 Main Street Marion, LA 71260 Full Service B&M $40,143
    Marion State Bank 718 Sterlington Highway Farmerville, LA 71241 Full Service B&M $57,553
    Marion State Bank 1270 Louisiana Highway 15 West Monroe, LA 71291 Full Service B&M $4,800
    Marion State Bank 9032 Highway #165 North Sterlington, LA 71280 Full Service B&M $41,984

    For 2019, Marion State Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,943
    Net interest income $7,127
    Total noninterest income $1,039
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $484
    Trading account gains and fees $0
    Additional Noninterest Income $555
    Pre-tax net operating income $1,484
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,167
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,167
    Minority interest net income $0
    Net income $1,167
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,167

    Marion State Bank's gross interest income from loans was $8,943,000.
    Marion State Bank's net interest income from loans was $7,127,000.
    Marion State Bank's fee based income from loans was $484,000.
    Marion State Bank's net income from loans was $1,167,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,816
    Provision for credit losses $264
    Total noninterest expense $6,418
    Salaries and employee benefits $4,122
    Premises and equipment expense $685
    Additional noninterest expense $1,611
    Applicable income taxes $317
    Net charge-offs $213
    Cash dividends $99

    Marion State Bank's interest expense for loans was $1,816,000.
    Marion State Bank's payroll and benefits expense were $4,122,000.
    Marion State Bank's property, plant and equipment expenses $685,000.

    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 $147,519
    Deposits held in domestic offices $147,519
    Deposits by Individuals, partnerships, and corporations $136,642
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,876
    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 $54,578
    Demand deposits $33,346
    Nontransaction accounts $92,940
    Money market deposit accounts (MMDAs) $21,408
    Other savings deposits (excluding MMDAs) $22,656
    Total time deposits $48,877
    Total time and savings deposits $114,172
    Noninterest-bearing deposits $33,966
    Interest-bearing deposits $113,553
    Retail deposits $136,276
    IRAs and Keogh plan accounts $7,255
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $174,763
    Cash & Balances due from depository institutions $13,668
    Interest-bearing balances $9,543
    Total securities $23,033
    Federal funds sold & reverse repurchase $0
    Net loans and leases $126,307
    Loan and leases loss allowance $1,277
    Trading account assets $0
    Bank premises and fixed assets $5,045
    Other real estate owned $51
    Goodwill and other intangibles $0
    All other assets $6,659

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $174,763
    Total Liabilities $154,355
    Total deposits $147,519
    Interest-bearing deposits $113,553
    Deposits held in domestic offices $147,519
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,363
    Subordinated debt $0
    All other liabilities $1,473

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $126,307
    Loan and leases loss allowance $1,277
    Total loans and leases (domestic) $127,584
    All real estate loans $100,455
    Real estate loans in domestic offices $100,455
    Construction and development loans $7,209
    Residential 1-4 family construction $4,048
    Other construction, all land development and other land $3,161
    Loans secured by nonfarm nonresidential properties $36,086
    Nonfarm nonresidential secured by owner-occupied properties $25,659
    Commercial real estate & other non-farm, non-residential $10,427
    Multifamily residential real estate $0
    1-4 family residential loans $34,326
    Farmland loans $22,834
    Loans held in foreign offices $0
    Farm loans $2,893
    Commercial and industrial loans $16,829
    To non-U.S. addressees $0
    Loans to individuals $6,257
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,666
    Other loans to individuals $3,591
    All other loans & leases $1,151
    Loans to foreign governments and official institutions $0
    Other loans $96
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,662
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $360
    Non 1-4 family restructured loans & leases $12
    Total loans and leases (foreign) $0

    Marion State Bank had $126,307,000 of loans outstanding in 2019. $100,455,000 of loans were in real estate loans. $7,209,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $34,326,000 of loans were in 1-4 family mortgage loans. $2,893,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,666,000 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 $19,345 $153,532
    Nonfarm, nonresidential loans - <$100k 56 $1,888 $33,714
    Nonfarm, nonresidential loans - $100-250k 30 $3,696 $123,200
    Nonfarm, nonresidential loans - $250k-1MM 40 $13,761 $344,025
    Commercial & Industrial, US addressed loans - <$1MM 462 $15,240 $32,987
    Commercial & Industrial, US addressed loans - <$100k 411 $7,363 $17,915
    Commercial & Industrial, US addressed loans - $100-250k 35 $3,434 $98,114
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $4,443 $277,688
    Farmland loans - <$1MM 201 $12,656 $62,965
    Farmland loans - <$100k 159 $5,327 $33,503
    Farmland loans - $100-250k 32 $4,803 $150,094
    Farmland loans - $250k-1MM 10 $2,526 $252,600
    Agriculture operations loans - <$1MM 77 $2,513 $32,636
    Agriculture operations loans - <$100k 67 $1,508 $22,507
    Agriculture operations loans - $100-250k 10 $1,005 $100,500