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 (well, only) market is Monroe.

    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

    191

    Origination Dollar Volume (All Markets)

    $26,795,000

    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) 165 $22,545,000 $136,636 $0 0.00%
    Outside of Metro Areas 26 $4,250,000 $163,462 $0 0.00%
    Marion State Bank's top markets include and Monroe among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 190 $26,610,000 $140,053 $0 0.00%
    USDA 1 $185,000 $185,000 $0 0.00%

    For 2020, Marion State Bank's most frequently originated type of loan was Conventional, with 190 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 123 $17,485,000 $142,154 $0 0.00%
    Home Purchase 52 $7,250,000 $139,423 $0 0.00%
    Cash Out Refi 8 $1,730,000 $216,250 $0 0.00%
    Home Improvement 5 $175,000 $35,000 $0 0.00%
    Other 3 $155,000 $51,667 $0 0.00%

    For 2020, Marion State Bank's most frequently cited loan purpose was Refi, with 123 originations. The 2nd most popular reason was Home Purchase, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 191 $26,795,000 $140,288 $0 0.00%

    For 2020, Marion State Bank's most frequently cited loan duration was Other, with 191 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 95 $3,935,000 $41,421 $0 0.00%
    $100k-200k 44 $6,260,000 $142,273 $0 0.00%
    $200k-400k 43 $12,365,000 $287,558 $0 0.00%
    $400k-600k 9 $4,235,000 $470,556 $0 0.00%

    2020 saw Marion State Bank place emphasis on $100,000 or less loans with 95 originations, totaling $3,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 40 $7,170,000 $179,250 $0 0.00%
    $50k or less 39 $1,945,000 $49,872 $0 0.00%
    $75k-100k 28 $3,710,000 $132,500 $0 0.00%
    $150k-250k 24 $6,230,000 $259,583 $0 0.00%
    $50k-75k 22 $1,770,000 $80,455 $0 0.00%
    $250k+ 12 $1,720,000 $143,333 $0 0.00%

    Marion State Bank lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $50k or less, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 191 $26,795,000 $140,288 $0 0.00%

    Marion State Bank lent most frequently to those with DTI ratios of Exempt%, with 191 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 156 $21,900,000 $140,385 $0 0.00%
    Not applicable 26 $4,250,000 $163,462 $0 0.00%
    Black 9 $645,000 $71,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.34%

    Marion State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    84.29%

    Marion State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 191 $26,795,000 $140,288

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $115,000 $115,000
    Single Family (1-4 Units):Manufactured 49 $2,125,000 $43,367
    Single Family (1-4 Units):Site-Built 141 $24,555,000 $174,149

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Marion State Bank 1270 Louisiana Highway 15 West Monroe, LA 71291 Full Service B&M $6,812
    Marion State Bank 345 Main Street Marion, LA 71260 Full Service B&M $47,884
    Marion State Bank 718 Sterlington Highway Farmerville, LA 71241 Full Service B&M $64,571
    Marion State Bank 9032 Highway #165 North Sterlington, LA 71280 Full Service B&M $46,694

    For 2020, Marion State Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,582
    Net interest income $7,167
    Total noninterest income $1,411
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $342
    Trading account gains and fees $0
    Additional Noninterest Income $1,069
    Pre-tax net operating income $1,464
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,245
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,245
    Minority interest net income $0
    Net income $1,245
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,245

    Marion State Bank's gross interest income from loans was $8,582,000.
    Marion State Bank's net interest income from loans was $7,167,000.
    Marion State Bank's fee based income from loans was $342,000.
    Marion State Bank's net income from loans was $1,245,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,415
    Provision for credit losses $292
    Total noninterest expense $6,822
    Salaries and employee benefits $4,214
    Premises and equipment expense $732
    Additional noninterest expense $1,876
    Applicable income taxes $219
    Net charge-offs $135
    Cash dividends $99

    Marion State Bank's interest expense for loans was $1,415,000.
    Marion State Bank's payroll and benefits expense were $4,214,000.
    Marion State Bank's property, plant and equipment expenses $732,000.

    Loan Performance

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

    Deposits

    Type Value (in 000's)
    Total deposits $172,420
    Deposits held in domestic offices $172,420
    Deposits by Individuals, partnerships, and corporations $159,158
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,262
    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 $70,126
    Demand deposits $41,988
    Nontransaction accounts $102,294
    Money market deposit accounts (MMDAs) $24,888
    Other savings deposits (excluding MMDAs) $28,429
    Total time deposits $48,976
    Total time and savings deposits $130,432
    Noninterest-bearing deposits $42,664
    Interest-bearing deposits $129,756
    Retail deposits $160,471
    IRAs and Keogh plan accounts $8,307
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $198,040
    Cash & Balances due from depository institutions $25,420
    Interest-bearing balances $22,652
    Total securities $32,853
    Federal funds sold & reverse repurchase $0
    Net loans and leases $127,520
    Loan and leases loss allowance $1,434
    Trading account assets $0
    Bank premises and fixed assets $4,402
    Other real estate owned $578
    Goodwill and other intangibles $0
    All other assets $7,267

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $198,040
    Total Liabilities $176,069
    Total deposits $172,420
    Interest-bearing deposits $129,756
    Deposits held in domestic offices $172,420
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,244
    Subordinated debt $0
    All other liabilities $1,405

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $127,520
    Loan and leases loss allowance $1,434
    Total loans and leases (domestic) $128,954
    All real estate loans $100,625
    Real estate loans in domestic offices $100,625
    Construction and development loans $7,628
    Residential 1-4 family construction $4,900
    Other construction, all land development and other land $2,728
    Loans secured by nonfarm nonresidential properties $37,223
    Nonfarm nonresidential secured by owner-occupied properties $27,331
    Commercial real estate & other non-farm, non-residential $9,892
    Multifamily residential real estate $0
    1-4 family residential loans $33,038
    Farmland loans $22,736
    Loans held in foreign offices $0
    Farm loans $2,401
    Commercial and industrial loans $19,435
    To non-U.S. addressees $0
    Loans to individuals $6,116
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,376
    Other loans to individuals $3,740
    All other loans & leases $378
    Loans to foreign governments and official institutions $0
    Other loans $149
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,494
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $327
    Non 1-4 family restructured loans & leases $8
    Total loans and leases (foreign) $0

    Marion State Bank had $127,520,000 of loans outstanding in 2020. $100,625,000 of loans were in real estate loans. $7,628,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $33,038,000 of loans were in 1-4 family mortgage loans. $2,401,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,376,000 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 117 $20,059 $171,444
    Nonfarm, nonresidential loans - <$100k 53 $1,677 $31,642
    Nonfarm, nonresidential loans - $100-250k 26 $3,183 $122,423
    Nonfarm, nonresidential loans - $250k-1MM 38 $15,199 $399,974
    Commercial & Industrial, US addressed loans - <$1MM 510 $18,754 $36,773
    Commercial & Industrial, US addressed loans - <$100k 447 $8,336 $18,649
    Commercial & Industrial, US addressed loans - $100-250k 44 $4,516 $102,636
    Commercial & Industrial, US addressed loans - $250k-1MM 19 $5,902 $310,632
    Farmland loans - <$1MM 197 $12,025 $61,041
    Farmland loans - <$100k 158 $5,224 $33,063
    Farmland loans - $100-250k 30 $4,379 $145,967
    Farmland loans - $250k-1MM 9 $2,422 $269,111
    Agriculture operations loans - <$1MM 69 $2,129 $30,855
    Agriculture operations loans - <$100k 61 $1,232 $20,197
    Agriculture operations loans - $100-250k 6 $505 $84,167
    Agriculture operations loans - $250k-1MM 2 $392 $196,000