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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) 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 an above 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

    206

    Origination Dollar Volume (All Markets)

    $38,680,000

    Employee count

    52

    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) 181 $31,705,000 $175,166 $0 0.00%
    Outside of Metro Areas 24 $6,870,000 $286,250 $0 0.00%
    Ruston, LA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Marion State Bank's top markets include Monroe and Ruston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 204 $38,310,000 $187,794 $0 0.00%
    FHA 1 $155,000 $155,000 $0 0.00%
    USDA 1 $215,000 $215,000 $0 0.00%

    For 2021, Marion State Bank's most frequently originated type of loan was Conventional, with 204 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 113 $20,505,000 $181,460 $0 0.00%
    Home Purchase 70 $14,620,000 $208,857 $0 0.00%
    Cash Out Refi 16 $3,190,000 $199,375 $0 0.00%
    Other 5 $285,000 $57,000 $0 0.00%
    Home Improvement 2 $80,000 $40,000 $0 0.00%

    For 2021, Marion State Bank's most frequently cited loan purpose was Refi, with 113 originations. The 2nd most popular reason was Home Purchase, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 206 $38,680,000 $187,767 $0 0.00%

    For 2021, Marion State Bank's most frequently cited loan duration was Other, with 206 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 114 $4,960,000 $43,509 $0 0.00%
    $200k-400k 41 $11,105,000 $270,854 $0 0.00%
    $100k-200k 33 $4,625,000 $140,152 $0 0.00%
    $400k-600k 11 $5,115,000 $465,000 $0 0.00%
    $1MM+ 6 $12,190,000 $2,031,667 $0 0.00%
    $600k-1MM 1 $685,000 $685,000 $0 0.00%

    2021 saw Marion State Bank place emphasis on $100,000 or less loans with 114 originations, totaling $4,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 39 $6,605,000 $169,359 $0 0.00%
    $50k-75k 39 $3,265,000 $83,718 $0 0.00%
    $50k or less 39 $2,235,000 $57,308 $0 0.00%
    $75k-100k 23 $3,155,000 $137,174 $0 0.00%
    $150k-250k 18 $3,700,000 $205,556 $0 0.00%
    $250k+ 9 $1,995,000 $221,667 $0 0.00%

    Marion State Bank lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $50k-75k, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 206 $38,680,000 $187,767 $0 0.00%

    Marion State Bank lent most frequently to those with DTI ratios of Exempt%, with 206 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 155 $20,335,000 $131,194 $0 0.00%
    Not applicable 36 $17,550,000 $487,500 $0 0.00%
    Not provided 2 $340,000 $170,000 $0 0.00%
    Black 9 $225,000 $25,000 $0 0.00%
    Native Hawaiian or Islander 2 $110,000 $55,000 $0 0.00%
    Asian 1 $105,000 $105,000 $0 0.00%
    Other Asian 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.00%

    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
    91.26%

    Marion State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 206 $38,680,000 $187,767

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    206 $38,680,000 $187,767

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Marion State Bank 9032 Highway #165 North Sterlington, LA 71280 Full Service B&M $53,583
    Marion State Bank 1270 Louisiana Highway 15 West Monroe, LA 71291 Full Service B&M $8,837
    Marion State Bank 345 Main Street Marion, LA 71260 Full Service B&M $49,586
    Marion State Bank 718 Sterlington Highway Farmerville, LA 71241 Full Service B&M $71,758

    For 2021, Marion State Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,654
    Net interest income $7,727
    Total noninterest income $1,571
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $473
    Trading account gains and fees $0
    Additional Noninterest Income $1,098
    Pre-tax net operating income $2,224
    Securities gains (or losses, -) $-30
    Income before extraordinary items $1,765
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,765
    Minority interest net income $0
    Net income $1,765
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,789

    Marion State Bank's gross interest income from loans was $8,654,000.
    Marion State Bank's net interest income from loans was $7,727,000.
    Marion State Bank's fee based income from loans was $473,000.
    Marion State Bank's net income from loans was $1,765,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $927
    Provision for credit losses $168
    Total noninterest expense $6,906
    Salaries and employee benefits $4,229
    Premises and equipment expense $775
    Additional noninterest expense $1,902
    Applicable income taxes $429
    Net charge-offs $-36
    Cash dividends $198

    Marion State Bank's interest expense for loans was $927,000.
    Marion State Bank's payroll and benefits expense were $4,229,000.
    Marion State Bank's property, plant and equipment expenses $775,000.

    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    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 $192,635
    Deposits held in domestic offices $192,635
    Deposits by Individuals, partnerships, and corporations $176,155
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $16,480
    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 $87,013
    Demand deposits $51,415
    Nontransaction accounts $105,622
    Money market deposit accounts (MMDAs) $30,369
    Other savings deposits (excluding MMDAs) $31,515
    Total time deposits $43,738
    Total time and savings deposits $141,220
    Noninterest-bearing deposits $53,442
    Interest-bearing deposits $139,193
    Retail deposits $183,315
    IRAs and Keogh plan accounts $8,930
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $218,594
    Cash & Balances due from depository institutions $34,700
    Interest-bearing balances $32,130
    Total securities $43,959
    Federal funds sold & reverse repurchase $0
    Net loans and leases $128,106
    Loan and leases loss allowance $1,637
    Trading account assets $0
    Bank premises and fixed assets $4,302
    Other real estate owned $226
    Goodwill and other intangibles $0
    All other assets $7,301

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $218,594
    Total Liabilities $195,580
    Total deposits $192,635
    Interest-bearing deposits $139,193
    Deposits held in domestic offices $192,635
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,108
    Subordinated debt $0
    All other liabilities $1,837

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $128,106
    Loan and leases loss allowance $1,637
    Total loans and leases (domestic) $129,743
    All real estate loans $100,649
    Real estate loans in domestic offices $100,649
    Construction and development loans $7,846
    Residential 1-4 family construction $4,586
    Other construction, all land development and other land $3,260
    Loans secured by nonfarm nonresidential properties $36,103
    Nonfarm nonresidential secured by owner-occupied properties $27,181
    Commercial real estate & other non-farm, non-residential $8,922
    Multifamily residential real estate $1,697
    1-4 family residential loans $38,267
    Farmland loans $16,736
    Loans held in foreign offices $0
    Farm loans $1,780
    Commercial and industrial loans $20,789
    To non-U.S. addressees $0
    Loans to individuals $6,227
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,507
    Other loans to individuals $3,720
    All other loans & leases $299
    Loans to foreign governments and official institutions $0
    Other loans $74
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,550
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $333
    Non 1-4 family restructured loans & leases $74
    Total loans and leases (foreign) $0

    Marion State Bank had $128,106,000 of loans outstanding in 2021. $100,649,000 of loans were in real estate loans. $7,846,000 of loans were in development loans. $1,697,000 of loans were in multifamily mortgage loans. $38,267,000 of loans were in 1-4 family mortgage loans. $1,780,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,507,000 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 100 $18,971 $189,710
    Nonfarm, nonresidential loans - <$100k 45 $1,537 $34,156
    Nonfarm, nonresidential loans - $100-250k 21 $2,749 $130,905
    Nonfarm, nonresidential loans - $250k-1MM 34 $14,685 $431,912
    Commercial & Industrial, US addressed loans - <$1MM 505 $18,256 $36,150
    Commercial & Industrial, US addressed loans - <$100k 443 $8,184 $18,474
    Commercial & Industrial, US addressed loans - $100-250k 43 $4,505 $104,767
    Commercial & Industrial, US addressed loans - $250k-1MM 19 $5,567 $293,000
    Farmland loans - <$1MM 171 $9,511 $55,620
    Farmland loans - <$100k 143 $5,015 $35,070
    Farmland loans - $100-250k 22 $2,833 $128,773
    Farmland loans - $250k-1MM 6 $1,663 $277,167
    Agriculture operations loans - <$1MM 57 $1,668 $29,263
    Agriculture operations loans - <$100k 52 $1,036 $19,923
    Agriculture operations loans - $100-250k 3 $145 $48,333
    Agriculture operations loans - $250k-1MM 2 $487 $243,500