Investar Bank Mortgage Rates, Fees & Info

Baton Rouge, LA

LEI: 549300CPKDUJKREQRG38

Tax ID: 20-4546870

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Investar Bank is a smaller bank specializing in Home Purchase and Refi loans. Investar Bank has a high proportion of conventional loans. Their top markets include New Orleans, Baton Rouge, Lafayette, Anniston, and Lake Charles among others. Investar Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

286

Origination Dollar Volume (All Markets)

$102,880,000

Employee count

343

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 71 $29,175,000 $410,915 $0 0.00%
BATON ROUGE, LA (FHA|USDA|VA) 69 $27,395,000 $397,029 $0 0.00%
LAFAYETTE, LA (FHA|USDA|VA) 18 $19,490,000 $1,082,778 $0 0.00%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 46 $9,060,000 $196,957 $0 0.00%
Outside of Metro Areas 29 $4,375,000 $150,862 $0 0.00%
LAKE CHARLES, LA (FHA|USDA|VA) 8 $3,010,000 $376,250 $0 0.00%
HAMMOND, LA (FHA|USDA|VA) 17 $2,655,000 $156,176 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $2,150,000 $1,075,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $1,190,000 $297,500 $0 0.00%
VICTORIA, TX (FHA|USDA|VA) 2 $970,000 $485,000 $0 0.00%
Opelousas, LA (FHA|USDA|VA) 6 $890,000 $148,333 $0 0.00%
Morgan City, LA (FHA|USDA|VA) 2 $580,000 $290,000 $0 0.00%
Talladega-Sylacauga, AL (FHA|USDA|VA) 3 $425,000 $141,667 $0 0.00%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
Jennings, LA (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
GADSDEN, AL (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Alice, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%

Investar Bank's top markets include New Orleans, Baton Rouge, Lafayette, Anniston, and Lake Charles among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 286 $102,880,000 $359,720 $0 0.00%

For the 2021 period, Investar Bank's most frequently originated loan type of loans were Conventional, with 286 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 188 $61,720,000 $328,298 $0 0.00%
Refi 74 $26,610,000 $359,595 $0 0.00%
Cash Out Refi 21 $14,175,000 $675,000 $0 0.00%
Other 2 $350,000 $175,000 $0 0.00%
Home Improvement 1 $25,000 $25,000 $0 0.00%

For the 2021, Investar Bank's most frequently cited loan purpose of loans were Home Purchase, with 188 originations. The 2nd most popular reason of loans were Refi, with 74 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 286 $102,880,000 $359,720 $0 0.00%

For the 2021, Investar Bank's most frequently cited loan length of loans were Other, with 286 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 82 $12,500,000 $152,439 $0 0.00%
$200k-400k 75 $20,375,000 $271,667 $0 0.00%
$100,000 or less 62 $3,710,000 $59,839 $0 0.00%
$600k-1MM 26 $20,350,000 $782,692 $0 0.00%
$400k-600k 22 $10,930,000 $496,818 $0 0.00%
$1MM+ 19 $35,015,000 $1,842,895 $0 0.00%

2021 saw Investar Bank place emphasis on $100k-200k loans with 82 originations, totaling $12,500,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 66 $8,440,000 $127,879 $0 0.00%
$250k+ 44 $30,790,000 $699,773 $0 0.00%
$75k-100k 29 $5,815,000 $200,517 $0 0.00%
$50k-75k 28 $4,190,000 $149,643 $0 0.00%
$150k-250k 24 $8,930,000 $372,083 $0 0.00%
$100k-150k 21 $5,575,000 $265,476 $0 0.00%

Investar Bank lent most frequently to those with incomes in the $50k or less range, with 66 originations. The second most popular income band? $250k+, with 44 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 286 $102,880,000 $359,720 $0 0.00%

Investar Bank lent most frequently to those with DTI ratios of Exempt%, with 286 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 134 $48,630,000 $362,910 $0 0.00%
Not applicable 72 $38,650,000 $536,806 $0 0.00%
Black 67 $10,485,000 $156,493 $0 0.00%
Not provided 10 $4,570,000 $457,000 $0 0.00%
Asian 3 $545,000 $181,667 $0 0.00%

Approval Rates

Total approvals of all applications
84.30%

Investar Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
84.75%

Investar Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 286 $102,880,000 $359,720

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
286 $102,880,000 $359,720

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
INVESTORS BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 40.0%
INVESTORS BANK Conventional home mortgage Closing on a mortgage 1 20.0%
INVESTORS BANK Conventional home mortgage Trouble during payment process 2 40.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Investar Bank, National Association 1500 Pelham Road South Jacksonville, AL 36265 Full Service B&M $42,100
Investar Bank, National Association 10608 Veterans Memorial Hwy Pine Prairie, LA 70576 Full Service B&M $24,595
Investar Bank, National Association 10922 Coursey Boulevard Baton Rouge, LA 70816 Full Service B&M $102,373
Investar Bank, National Association 1100 Quintard Avenue Anniston, AL 36201 Full Service B&M $13,537
Investar Bank, National Association 120 Big Valley Road Alexandria, AL 36250 Full Service B&M $28,272
Investar Bank, National Association 1320 Highway Drive Oxford, AL 36203 Full Service B&M $133,822
Investar Bank, National Association 18101 Highland Market Drive Baton Rouge, LA 70810 Full Service B&M $93,458
Investar Bank, National Association 1o'connor Plaza Victoria, TX 77901 Full Service B&M $20,291
Investar Bank, National Association 2089 Country Club Road Lake Charles, LA 70605 Full Service B&M $3,924
Investar Bank, National Association 2215 Sampson Street Westlake, LA 70669 Full Service B&M $4,304
Investar Bank, National Association 24 E Greenway Plaza Houston, TX 77042 Full Service B&M $39,235
Investar Bank, National Association 2501 Palmer Highway, Suite 100 Texas City, TX 77590 Full Service B&M $80,959
Investar Bank, National Association 301 Broad Street York, AL 36925 Full Service B&M $44,987
Investar Bank, National Association 3761 La Highway 1 South Port Allen, LA 70767 Full Service B&M $40,831
Investar Bank, National Association 400 Fm 517 West Dickinson, TX 77539 Full Service B&M $23,397
Investar Bank, National Association 4004 Ambassador Caffery Parkway Lafayette, LA 70503 Full Service B&M $217,984
Investar Bank, National Association 4401 Saint Charles Ave New Orleans, LA 70115 Full Service B&M $21,385
Investar Bank, National Association 482 South Range Avenue Denham Springs, LA 70726 Full Service B&M $60,753
Investar Bank, National Association 4892 Louisiana Highway 22 Mandeville, LA 70471 Full Service B&M $43,635
Investar Bank, National Association 500 Veterans Memorial Boulevard Metairie, LA 70005 Full Service B&M $120,065
Investar Bank, National Association 525 East New River Road Gonzales, LA 70737 Full Service B&M $106,951
Investar Bank, National Association 5360 Mounes Street Harahan, LA 70123 Full Service B&M $28,070
Investar Bank, National Association 5505 Highland Road Baton Rouge, LA 70808 Full Service B&M $83,238
Investar Bank, National Association 600 Southwest Railroad Avenue Hammond, LA 70403 Full Service B&M $57,789
Investar Bank, National Association 601 East Main Street Alice, TX 78332 Full Service B&M $13,740
Investar Bank, National Association 601 Poinciana Avenue Mamou, LA 70544 Full Service B&M $66,827
Investar Bank, National Association 716 North Washington Street Livingston, AL 35470 Full Service B&M $55,332
Investar Bank, National Association 7244 Perkins Rd Baton Rouge, LA 70808 Full Service B&M $370,787
Investar Bank, National Association 7370 Sthy 61 Saint Francisville, LA 70775 Full Service B&M $63,904
Investar Bank, National Association 841 West Main Street Ville Platte, LA 70586 Full Service B&M $110,427
Investar Bank, National Association 8759 Sullivan Road Baton Rouge, LA 70818 Full Service B&M $33,365
Investar Bank, National Association 900 East St Mary Blvd Suite 100 Lafayette, LA 70503 Full Service B&M $35,499
Investar Bank, National Association Erin And Church Streets Jackson, LA 70748 Full Service B&M $49,490
Investar Bank, National Association Highway 19 Slaughter, LA 70777 Full Service B&M $31,061

For 2021, Investar Bank had 34 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $95,508
Net interest income $86,558
Total noninterest income $9,538
Gross Fiduciary activities income $0
Service charges on deposit accounts $2,633
Trading account gains and fees $0
Additional Noninterest Income $6,905
Pre-tax net operating income $10,909
Securities gains (or losses, -) $2,307
Income before extraordinary items $10,559
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $10,559
Minority interest net income $0
Net income $10,559
Sale, conversion, retirement of capital stock, net $0
Net operating income $8,713

Investar Bank's gross interest income from loans was $95,508,000.
Investar Bank's net interest income from loans was $86,558,000.
Investar Bank's fee based income from loans was $2,633,000.
Investar Bank's net income from loans was $10,559,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $8,950
Provision for credit losses $22,885
Total noninterest expense $62,302
Salaries and employee benefits $35,527
Premises and equipment expense $7,042
Additional noninterest expense $19,733
Applicable income taxes $2,657
Net charge-offs $22,388
Cash dividends $0

Investar Bank's interest expense for loans was $8,950,000.
Investar Bank's payroll and benefits expense were $35,527,000.
Investar Bank's property, plant and equipment expenses $7,042,000.

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 1.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 3.0%
Personal loans 1.0%
Credit card loans 1.4%
Other individual loans 1.0%
Auto loans 2.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $2,122,887
Deposits held in domestic offices $2,122,887
Deposits by Individuals, partnerships, and corporations $1,913,173
Deposits by U.S. Government $22
Deposits by States and political subdivisions in the U.S. $144,101
Deposits by Commercial banks and other depository institutions in U.S. $65,592
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,238,955
Demand deposits $1,234,720
Nontransaction accounts $883,933
Money market deposit accounts (MMDAs) $255,501
Other savings deposits (excluding MMDAs) $180,837
Total time deposits $447,595
Total time and savings deposits $888,168
Noninterest-bearing deposits $588,086
Interest-bearing deposits $1,534,801
Retail deposits $2,048,677
IRAs and Keogh plan accounts $33,429
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,510,088
Cash & Balances due from depository institutions $95,970
Interest-bearing balances $67,811
Total securities $366,242
Federal funds sold & reverse repurchase $500
Net loans and leases $1,851,773
Loan and leases loss allowance $20,859
Trading account assets $0
Bank premises and fixed assets $57,488
Other real estate owned $2,653
Goodwill and other intangibles $43,936
All other assets $91,526

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,510,088
Total Liabilities $2,220,448
Total deposits $2,122,887
Interest-bearing deposits $1,534,801
Deposits held in domestic offices $2,122,887
% insured (estimated) $66
Federal funds purchased and repurchase agreements $5,783
Trading liabilities $0
Other borrowed funds $81,954
Subordinated debt $0
All other liabilities $9,824

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,851,773
Loan and leases loss allowance $20,859
Total loans and leases (domestic) $1,872,632
All real estate loans $1,544,205
Real estate loans in domestic offices $1,544,205
Construction and development loans $203,203
Residential 1-4 family construction $53,128
Other construction, all land development and other land $150,075
Loans secured by nonfarm nonresidential properties $896,377
Nonfarm nonresidential secured by owner-occupied properties $460,205
Commercial real estate & other non-farm, non-residential $436,172
Multifamily residential real estate $59,570
1-4 family residential loans $364,927
Farmland loans $20,128
Loans held in foreign offices $0
Farm loans $2,168
Commercial and industrial loans $306,473
To non-U.S. addressees $0
Loans to individuals $17,487
Credit card loans $281
Related Plans $979
Consumer Auto Loans $5,557
Other loans to individuals $10,670
All other loans & leases $2,300
Loans to foreign governments and official institutions $0
Other loans $188
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $14,026
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $573
Non 1-4 family restructured loans & leases $144
Total loans and leases (foreign) $0

Investar Bank had $1,851,773,000 of loans outstanding in 2021. $1,544,205,000 of loans were in real estate loans. $203,203,000 of loans were in development loans. $59,570,000 of loans were in multifamily mortgage loans. $364,927,000 of loans were in 1-4 family mortgage loans. $2,168,000 of loans were in farm loans. $281,000 of loans were in credit card loans. $5,557,000 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 785 $217,108 $276,571
Nonfarm, nonresidential loans - <$100k 130 $5,998 $46,138
Nonfarm, nonresidential loans - $100-250k 230 $31,329 $136,213
Nonfarm, nonresidential loans - $250k-1MM 425 $179,781 $423,014
Commercial & Industrial, US addressed loans - <$1MM 4,164 $149,693 $35,949
Commercial & Industrial, US addressed loans - <$100k 3,608 $40,429 $11,205
Commercial & Industrial, US addressed loans - $100-250k 339 $35,519 $104,776
Commercial & Industrial, US addressed loans - $250k-1MM 217 $73,745 $339,839
Farmland loans - <$1MM 80 $8,058 $100,725
Farmland loans - <$100k 44 $1,988 $45,182
Farmland loans - $100-250k 20 $2,566 $128,300
Farmland loans - $250k-1MM 16 $3,504 $219,000
Agriculture operations loans - <$1MM 44 $1,967 $44,705
Agriculture operations loans - <$100k 36 $624 $17,333
Agriculture operations loans - $100-250k 5 $590 $118,000
Agriculture operations loans - $250k-1MM 3 $753 $251,000