Investar Bank Mortgage Rates, Fees & Info

Baton Rouge, LA

LEI: 549300CPKDUJKREQRG38

Tax ID: 20-4546870

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    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 by origination volume include: New Orleans, Baton Rouge, Lafayette, Crestview, and Hammond among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Investar 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

    225

    Origination Dollar Volume (All Markets)

    $71,485,000

    Employee count

    257

    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
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 68 $24,480,000 $360,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 74 $20,210,000 $273,108 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 25 $12,355,000 $494,200 $0 0.00%
    Outside of Metro Areas 41 $6,065,000 $147,927 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 3 $1,815,000 $605,000 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 2 $1,480,000 $740,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 4 $920,000 $230,000 $0 0.00%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    MIDLAND, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Morgan City, LA (FHA|USDA|VA) 2 $180,000 $90,000 $0 0.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Investar Bank's top markets include New Orleans, Baton Rouge, Lafayette, Crestview, and Hammond among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Investar Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Neighbors Federal Credit Union
    Similarity Rank: 138
    Pelican State Credit Union
    Similarity Rank: 153
    GREATER NEW ORLEANS
    Similarity Rank: 182
    Baton Rouge Telco Federal Credit Union
    Similarity Rank: 259
    America's Mortgage Resource, Inc.
    Similarity Rank: 315
    JEFFERSON FINANCIAL
    Similarity Rank: 448
    Campus Federal Credit Union
    Similarity Rank: 472
    Florida Parishes Bank
    Similarity Rank: 576
    La Capitol Federal Credit Union
    Similarity Rank: 828
    KEESLER
    Similarity Rank: 936

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 225 $71,485,000 $317,711 $0 0.00%

    For 2018, Investar Bank's most frequently originated type of loan was Conventional, with 225 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 129 $41,625,000 $322,674 $0 0.00%
    Refi 68 $22,260,000 $327,353 $0 0.00%
    Cash Out Refi 21 $6,985,000 $332,619 $0 0.00%
    Other 6 $460,000 $76,667 $0 0.00%
    Home Improvement 1 $155,000 $155,000 $0 0.00%

    For 2018, Investar Bank's most frequently cited loan purpose was Home Purchase, with 129 originations. The 2nd most popular reason was Refi, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 225 $71,485,000 $317,711 $0 0.00%

    For 2018, Investar Bank's most frequently cited loan duration was Other, with 225 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 74 $10,480,000 $141,622 $0 0.00%
    $100,000 or less 67 $3,865,000 $57,687 $0 0.00%
    $200k-400k 42 $11,720,000 $279,048 $0 0.00%
    $1MM+ 16 $29,300,000 $1,831,250 $0 0.00%
    $600k-1MM 15 $11,125,000 $741,667 $0 0.00%
    $400k-600k 11 $4,995,000 $454,091 $0 0.00%

    2018 saw Investar Bank place emphasis on $100k-200k loans with 74 originations, totaling $10,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 66 $7,570,000 $114,697 $0 0.00%
    $250k+ 29 $24,585,000 $847,759 $0 0.00%
    $50k-75k 29 $3,855,000 $132,931 $0 0.00%
    $100k-150k 15 $3,435,000 $229,000 $0 0.00%
    $150k-250k 14 $4,410,000 $315,000 $0 0.00%
    $75k-100k 10 $2,010,000 $201,000 $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 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 225 $71,485,000 $317,711 $0 0.00%

    Investar Bank lent most frequently to those with DTI ratios of Exempt%, with 225 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 102 $36,670,000 $359,510 $0 0.00%
    Not applicable 61 $25,285,000 $414,508 $0 0.00%
    Black 58 $7,330,000 $126,379 $0 0.00%
    Asian 2 $2,000,000 $1,000,000 $0 0.00%
    Other Asian 1 $135,000 $135,000 $0 0.00%
    American Indian 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.71%

    Investar Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.44%

    Investar Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 225 $71,485,000 $317,711

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 21 $18,695,000 $890,238
    Single Family (1-4 Units):Manufactured 3 $285,000 $95,000
    Single Family (1-4 Units):Site-Built 201 $52,505,000 $261,219

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    INVESTORS BANK Conventional home mortgage Trouble during payment process 2 50.0%
    INVESTORS BANK FHA mortgage Trouble during payment process 1 25.0%
    INVESTORS BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Investar Bank 10608 Veterans Memorial Hwy Pine Prairie, LA 70576 Full Service B&M $25,381
    Investar Bank 10922 Coursey Boulevard Baton Rouge, LA 70816 Full Service B&M $129,822
    Investar Bank 1112 Church Street Zachary, LA 70791 Full Service B&M $13,637
    Investar Bank 18101 Highland Market Drive Baton Rouge, LA 70810 Full Service B&M $58,016
    Investar Bank 3761 La Highway 1 South Port Allen, LA 70767 Full Service B&M $41,805
    Investar Bank 38567 Hwy 42 Prairieville, LA 70769 Full Service B&M $62,542
    Investar Bank 4004 Ambassador Caffery Parkway Lafayette, LA 70503 Full Service B&M $138,797
    Investar Bank 482 South Range Avenue Denham Springs, LA 70726 Full Service B&M $52,577
    Investar Bank 4892 Louisiana Highway 22 Mandeville, LA 70471 Full Service B&M $38,864
    Investar Bank 500 Veterans Memorial Boulevard Metairie, LA 70005 Full Service B&M $61,647
    Investar Bank 525 East New River Road Gonzales, LA 70737 Full Service B&M $12,101
    Investar Bank 5360 Mounes Street Harahan, LA 70123 Full Service B&M $18,102
    Investar Bank 5505 Highland Road Baton Rouge, LA 70808 Full Service B&M $14
    Investar Bank 600 Southwest Railroad Avenue Hammond, LA 70403 Full Service B&M $52,282
    Investar Bank 601 Poinciana Avenue Mamou, LA 70544 Full Service B&M $52,440
    Investar Bank 7244 Perkins Road Baton Rouge, LA 70808 Full Service B&M $207,598
    Investar Bank 7370 Sthy 61 Saint Francisville, LA 70775 Full Service B&M $37,277
    Investar Bank 841 West Main Street Ville Platte, LA 70586 Full Service B&M $129,296
    Investar Bank Erin And Church Streets Jackson, LA 70748 Full Service B&M $84,174
    Investar Bank Highway 19 Slaughter, LA 70777 Full Service B&M $15,371

    For 2018, Investar Bank had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $73,875
    Net interest income $58,842
    Total noninterest income $4,336
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,452
    Trading account gains and fees $0
    Additional Noninterest Income $2,884
    Pre-tax net operating income $19,797
    Securities gains (or losses, -) $4
    Income before extraordinary items $15,644
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $15,644
    Minority interest net income $0
    Net income $15,644
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $15,640

    Investar Bank's gross interest income from loans was $73,875,000.
    Investar Bank's net interest income from loans was $58,842,000.
    Investar Bank's fee based income from loans was $1,452,000.
    Investar Bank's net income from loans was $15,644,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $15,033
    Provision for credit losses $2,570
    Total noninterest expense $40,811
    Salaries and employee benefits $25,469
    Premises and equipment expense $3,961
    Additional noninterest expense $11,381
    Applicable income taxes $4,157
    Net charge-offs $1,007
    Cash dividends $4,000

    Investar Bank's interest expense for loans was $15,033,000.
    Investar Bank's payroll and benefits expense were $25,469,000.
    Investar Bank's property, plant and equipment expenses $3,961,000.

    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 1.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 2.0%
    Credit card loans 0.5%
    Other individual loans 2.0%
    Auto loans 2.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,362,324
    Deposits held in domestic offices $1,362,324
    Deposits by Individuals, partnerships, and corporations $1,216,306
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $89,316
    Deposits by Commercial banks and other depository institutions in U.S. $56,700
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $89,701
    Demand deposits $86,725
    Nontransaction accounts $1,272,623
    Money market deposit accounts (MMDAs) $179,340
    Other savings deposits (excluding MMDAs) $527,706
    Total time deposits $565,576
    Total time and savings deposits $1,275,599
    Noninterest-bearing deposits $218,051
    Interest-bearing deposits $1,144,274
    Retail deposits $1,258,075
    IRAs and Keogh plan accounts $33,474
    Brokered deposits $15,059
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,784,210
    Cash & Balances due from depository institutions $17,124
    Interest-bearing balances $1,206
    Total securities $265,514
    Federal funds sold & reverse repurchase $6
    Net loans and leases $1,391,371
    Loan and leases loss allowance $9,454
    Trading account assets $0
    Bank premises and fixed assets $39,669
    Other real estate owned $3,611
    Goodwill and other intangibles $19,687
    All other assets $47,228

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,784,210
    Total Liabilities $1,579,863
    Total deposits $1,362,324
    Interest-bearing deposits $1,144,274
    Deposits held in domestic offices $1,362,324
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $1,999
    Trading liabilities $0
    Other borrowed funds $206,490
    Subordinated debt $0
    All other liabilities $9,050

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,391,371
    Loan and leases loss allowance $9,454
    Total loans and leases (domestic) $1,400,825
    All real estate loans $1,143,943
    Real estate loans in domestic offices $1,143,943
    Construction and development loans $157,946
    Residential 1-4 family construction $32,403
    Other construction, all land development and other land $125,543
    Loans secured by nonfarm nonresidential properties $627,003
    Nonfarm nonresidential secured by owner-occupied properties $298,222
    Commercial real estate & other non-farm, non-residential $328,781
    Multifamily residential real estate $50,501
    1-4 family residential loans $287,137
    Farmland loans $21,356
    Loans held in foreign offices $0
    Farm loans $2,572
    Commercial and industrial loans $208,058
    To non-U.S. addressees $0
    Loans to individuals $45,922
    Credit card loans $424
    Related Plans $551
    Consumer Auto Loans $30,802
    Other loans to individuals $14,145
    All other loans & leases $330
    Loans to foreign governments and official institutions $0
    Other loans $330
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $19,660
    Loans secured by real estate to non-U.S. addressees $35
    Restructured Loans & leases $508
    Non 1-4 family restructured loans & leases $6
    Total loans and leases (foreign) $0

    Investar Bank had $1,391,371,000 of loans outstanding in 2018. $1,143,943,000 of loans were in real estate loans. $157,946,000 of loans were in development loans. $50,501,000 of loans were in multifamily mortgage loans. $287,137,000 of loans were in 1-4 family mortgage loans. $2,572,000 of loans were in farm loans. $424,000 of loans were in credit card loans. $30,802,000 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 561 $168,863 $301,004
    Nonfarm, nonresidential loans - <$100k 102 $5,180 $50,784
    Nonfarm, nonresidential loans - $100-250k 148 $19,426 $131,257
    Nonfarm, nonresidential loans - $250k-1MM 311 $144,257 $463,849
    Commercial & Industrial, US addressed loans - <$1MM 2,688 $97,032 $36,098
    Commercial & Industrial, US addressed loans - <$100k 2,350 $26,644 $11,338
    Commercial & Industrial, US addressed loans - $100-250k 205 $19,094 $93,141
    Commercial & Industrial, US addressed loans - $250k-1MM 133 $51,294 $385,669
    Farmland loans - <$1MM 78 $8,552 $109,641
    Farmland loans - <$100k 42 $1,395 $33,214
    Farmland loans - $100-250k 18 $2,428 $134,889
    Farmland loans - $250k-1MM 18 $4,729 $262,722
    Agriculture operations loans - <$1MM 39 $1,797 $46,077
    Agriculture operations loans - <$100k 32 $553 $17,281
    Agriculture operations loans - $100-250k 1 $170 $170,000
    Agriculture operations loans - $250k-1MM 6 $1,074 $179,000