Investar Bank Mortgage Rates, Fees & Info

Baton Rouge, LA

LEI: 549300CPKDUJKREQRG38

Tax ID: 20-4546870

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
  • 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: Baton Rouge, New Orleans, Crestview, Hammond, and Lafayette 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. Investar Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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

    222

    Origination Dollar Volume (All Markets)

    $62,690,000

    Employee count

    324

    Awards

    Investar Bank 30 Year Conventional Loans silver Investar Bank 30 Year Conventional Loans gold Investar Bank 30 Year Conventional Loans bronze
    Show all (3) awards

    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
    BATON ROUGE, LA (FHA|USDA|VA) 81 $23,925,000 $295,370 $3,076 5.07%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 82 $17,690,000 $215,732 $2,997 5.06%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $5,585,000 $1,861,667 $0 5.28%
    Outside of Metro Areas 29 $4,215,000 $145,345 $2,307 4.84%
    HAMMOND, LA (FHA|USDA|VA) 7 $4,095,000 $585,000 $2,819 5.23%
    LAFAYETTE, LA (FHA|USDA|VA) 7 $2,715,000 $387,857 $4,014 5.06%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,405,000 $468,333 $5,296 5.66%
    Opelousas, LA (FHA|USDA|VA) 4 $710,000 $177,500 $3,190 4.98%
    Cullowhee, NC (FHA|USDA|VA) 1 $625,000 $625,000 $0 5.95%
    Morgan City, LA (FHA|USDA|VA) 1 $605,000 $605,000 $0 5.75%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $355,000 $355,000 $0 4.95%
    Natchez, MS-LA (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.73%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $275,000 $275,000 $0 5.30%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.55%
    Investar Bank's top markets include Baton Rouge, New Orleans, Crestview, Hammond, and Lafayette among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Utah (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.

    Baton Rouge Telco Federal Credit Union
    Similarity Rank: 110
    Neighbors Federal Credit Union
    Similarity Rank: 136
    First Castle Federal Credit Union
    Similarity Rank: 180
    Eureka Homestead
    Similarity Rank: 201
    JEFFERSON FINANCIAL
    Similarity Rank: 400
    GREATER NEW ORLEANS
    Similarity Rank: 516
    Campus Federal Credit Union
    Similarity Rank: 544
    America's Mortgage Resource, Inc.
    Similarity Rank: 612
    Red River Bank
    Similarity Rank: 760
    Pelican State Credit Union
    Similarity Rank: 1350

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 222 $62,690,000 $282,387 $2,970 5.06%

    For 2019, Investar Bank's most frequently originated type of loan was Conventional, with 222 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 153 $40,935,000 $267,549 $3,026 4.98%
    Refi 44 $14,290,000 $324,773 $2,225 5.46%
    Cash Out Refi 21 $6,985,000 $332,619 $2,994 4.88%
    Other 4 $480,000 $120,000 $2,867 4.96%

    For 2019, Investar Bank's most frequently cited loan purpose was Home Purchase, with 153 originations. The 2nd most popular reason was Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 121 $26,425,000 $218,388 $3,104 4.56%
    5 Year 41 $10,575,000 $257,927 $0 5.72%
    Other 23 $15,535,000 $675,435 $717 5.73%
    10 Year 16 $1,410,000 $88,125 $1,290 5.83%
    15 Year 9 $1,585,000 $176,111 $1,904 4.92%
    3 Year 7 $3,915,000 $559,286 $0 5.51%
    1 Year 5 $3,245,000 $649,000 $2,620 6.03%

    For 2019, Investar Bank's most frequently cited loan duration was 30 Year, with 121 originations. The 2nd most popular length was 5 Year, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 134 $28,490,000 $212,612

    Investar Bank's average total fees were $3,104, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 134 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 108 $23,300,000 $215,741
    5-6% 83 $31,125,000 $375,000
    6-7% 22 $4,130,000 $187,727
    3-4% 9 $4,135,000 $459,444

    During 2019, Investar Bank's average interest rate for loans was 4.56%, while their most frequently originated rate bucket for loans was 4-5%, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 107 $15,395,000 $143,879 $2,799 4.87%
    $100,000 or less 47 $2,945,000 $62,660 $2,367 5.36%
    $200k-400k 30 $8,350,000 $278,333 $2,870 5.40%
    $400k-600k 17 $8,645,000 $508,529 $3,869 4.88%
    $600k-1MM 13 $9,545,000 $734,231 $4,258 5.03%
    $1MM+ 8 $17,810,000 $2,226,250 $8,380 5.17%

    2019 saw Investar Bank place emphasis on $100k-200k loans with 107 originations, totaling $15,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 64 $8,000,000 $125,000 $2,875 4.54%
    $50k-75k 22 $3,190,000 $145,000 $2,782 4.53%
    $250k+ 17 $10,365,000 $609,706 $3,821 5.00%
    $150k-250k 14 $6,280,000 $448,571 $3,327 4.78%
    $75k-100k 14 $2,390,000 $170,714 $2,806 4.81%
    $100k-150k 11 $2,735,000 $248,636 $2,662 4.93%

    Investar Bank lent most frequently to those with incomes in the $50k or less range, with 64 originations. The second most popular income band? $50k-75k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 42 $7,530,000 $179,286 $2,890 4.58%
    20-30% 23 $5,625,000 $244,565 $2,995 4.73%
    44% 13 $2,385,000 $183,462 $2,993 4.61%
    39% 11 $3,345,000 $304,091 $3,313 4.77%
    <20% 9 $1,545,000 $171,667 $2,455 4.48%
    43% 9 $1,485,000 $165,000 $3,062 4.59%
    36% 8 $1,290,000 $161,250 $2,846 4.68%
    41% 6 $840,000 $140,000 $2,721 4.45%
    37% 5 $1,365,000 $273,000 $3,352 4.63%
    42% 3 $405,000 $135,000 $2,852 4.94%
    >60% 3 $1,475,000 $491,667 $4,181 5.02%
    45% 2 $260,000 $130,000 $3,108 5.58%
    40% 2 $220,000 $110,000 $3,049 4.96%
    50-60% 2 $610,000 $305,000 $2,182 4.86%
    38% 1 $695,000 $695,000 $3,971 4.00%
    47% 1 $205,000 $205,000 $0 5.50%

    Investar Bank lent most frequently to those with DTI ratios of 30-36%, with 42 originations. The next most common DTI ratio? 20-30%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 77 $29,005,000 $376,688 $0 5.77%
    White 72 $22,920,000 $318,333 $2,957 4.77%
    Black 71 $10,055,000 $141,620 $2,960 4.61%
    Asian 2 $710,000 $355,000 $3,749 4.54%

    Approval Rates

    Total approvals of all applications
    87.97%

    Investar Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.39%

    Investar Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 222 $62,690,000 $282,387

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $8,520,000 $852,000
    Single Family (1-4 Units):Manufactured 2 $230,000 $115,000
    Single Family (1-4 Units):Site-Built 210 $53,940,000 $256,857

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $2,275,000 $175,000 $1,847 5.17%
    40-60% 30 $9,600,000 $320,000 $2,848 5.35%
    60-80% 91 $34,505,000 $379,176 $3,417 5.20%
    80-100% 78 $14,380,000 $184,359 $2,950 4.70%
    Over 100% 2 $580,000 $290,000 $0 5.48%
    Under 20% 6 $790,000 $131,667 $848 5.89%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    INVESTORS BANK Conventional home mortgage Trouble during payment process 4 40.0%
    INVESTORS BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 10.0%
    INVESTORS BANK Conventional home mortgage Closing on a mortgage 1 10.0%
    INVESTORS BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 10.0%
    INVESTORS BANK Other type of mortgage Trouble during payment process 2 20.0%
    INVESTORS BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 1 10.0%

    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 $25,400
    Investar Bank 10922 Coursey Boulevard Baton Rouge, LA 70816 Full Service B&M $85,596
    Investar Bank 1112 Church Street Zachary, LA 70791 Full Service B&M $17,018
    Investar Bank 18101 Highland Market Drive Baton Rouge, LA 70810 Full Service B&M $56,366
    Investar Bank 24 E Greenway Plaza Houston, TX 77042 Full Service B&M $12,553
    Investar Bank 2501 Palmer Highway, Suite 100 Texas City, TX 77590 Full Service B&M $97,250
    Investar Bank 3761 La Highway 1 South Port Allen, LA 70767 Full Service B&M $39,195
    Investar Bank 38567 Hwy 42, P. O. Box 988 Prairieville, LA 70769 Full Service B&M $67,081
    Investar Bank 400 Fm 517 West Dickinson, TX 77539 Full Service B&M $3,259
    Investar Bank 4004 Ambassador Caffery Parkway Lafayette, LA 70503 Full Service B&M $171,353
    Investar Bank 482 South Range Avenue Denham Springs, LA 70726 Full Service B&M $51,929
    Investar Bank 4892 Louisiana Highway 22 Mandeville, LA 70471 Full Service B&M $45,174
    Investar Bank 500 Veterans Memorial Boulevard Metairie, LA 70005 Full Service B&M $69,420
    Investar Bank 525 East New River Road Gonzales, LA 70737 Full Service B&M $21,543
    Investar Bank 5360 Mounes Street Harahan, LA 70123 Full Service B&M $28,779
    Investar Bank 5505 Highland Road Baton Rouge, LA 70808 Full Service B&M $1,045
    Investar Bank 600 Southwest Railroad Avenue Hammond, LA 70403 Full Service B&M $54,367
    Investar Bank 601 Poinciana Avenue Mamou, LA 70544 Full Service B&M $53,368
    Investar Bank 7244 Perkins Road Baton Rouge, LA 70808 Full Service B&M $387,537
    Investar Bank 7370 Sthy 61 Saint Francisville, LA 70775 Full Service B&M $42,343
    Investar Bank 841 West Main Street Ville Platte, LA 70586 Full Service B&M $110,733
    Investar Bank 8759 Sullivan Road Baton Rouge, LA 70818 Full Service B&M $21,781
    Investar Bank Erin And Church Streets Jackson, LA 70748 Full Service B&M $69,692
    Investar Bank Highway 19 Slaughter, LA 70777 Full Service B&M $19,483

    For 2019, Investar Bank had 24 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $89,405
    Net interest income $66,465
    Total noninterest income $5,947
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,009
    Trading account gains and fees $0
    Additional Noninterest Income $3,938
    Pre-tax net operating income $22,833
    Securities gains (or losses, -) $276
    Income before extraordinary items $18,541
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,541
    Minority interest net income $0
    Net income $18,541
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,320

    Investar Bank's gross interest income from loans was $89,405,000.
    Investar Bank's net interest income from loans was $66,465,000.
    Investar Bank's fee based income from loans was $2,009,000.
    Investar Bank's net income from loans was $18,541,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $22,940
    Provision for credit losses $1,908
    Total noninterest expense $47,671
    Salaries and employee benefits $28,643
    Premises and equipment expense $4,870
    Additional noninterest expense $14,158
    Applicable income taxes $4,568
    Net charge-offs $662
    Cash dividends $6,600

    Investar Bank's interest expense for loans was $22,940,000.
    Investar Bank's payroll and benefits expense were $28,643,000.
    Investar Bank's property, plant and equipment expenses $4,870,000.

    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 1.0%
    Credit card loans 0.0%
    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 $1,743,071
    Deposits held in domestic offices $1,743,071
    Deposits by Individuals, partnerships, and corporations $1,537,599
    Deposits by U.S. Government $22
    Deposits by States and political subdivisions in the U.S. $102,535
    Deposits by Commercial banks and other depository institutions in U.S. $102,915
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $167,840
    Demand deposits $151,903
    Nontransaction accounts $1,575,231
    Money market deposit accounts (MMDAs) $198,999
    Other savings deposits (excluding MMDAs) $670,238
    Total time deposits $705,994
    Total time and savings deposits $1,591,168
    Noninterest-bearing deposits $387,270
    Interest-bearing deposits $1,355,801
    Retail deposits $1,633,062
    IRAs and Keogh plan accounts $31,200
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,146,196
    Cash & Balances due from depository institutions $44,137
    Interest-bearing balances $20,466
    Total securities $274,695
    Federal funds sold & reverse repurchase $387
    Net loans and leases $1,681,275
    Loan and leases loss allowance $10,700
    Trading account assets $0
    Bank premises and fixed assets $50,507
    Other real estate owned $133
    Goodwill and other intangibles $30,935
    All other assets $64,127

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,146,196
    Total Liabilities $1,891,055
    Total deposits $1,743,071
    Interest-bearing deposits $1,355,801
    Deposits held in domestic offices $1,743,071
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $2,995
    Trading liabilities $0
    Other borrowed funds $134,978
    Subordinated debt $0
    All other liabilities $10,011

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,681,275
    Loan and leases loss allowance $10,700
    Total loans and leases (domestic) $1,691,975
    All real estate loans $1,338,741
    Real estate loans in domestic offices $1,338,741
    Construction and development loans $197,797
    Residential 1-4 family construction $34,252
    Other construction, all land development and other land $163,545
    Loans secured by nonfarm nonresidential properties $731,059
    Nonfarm nonresidential secured by owner-occupied properties $352,324
    Commercial real estate & other non-farm, non-residential $378,735
    Multifamily residential real estate $60,617
    1-4 family residential loans $321,488
    Farmland loans $27,780
    Loans held in foreign offices $0
    Farm loans $2,671
    Commercial and industrial loans $319,179
    To non-U.S. addressees $0
    Loans to individuals $29,315
    Credit card loans $373
    Related Plans $757
    Consumer Auto Loans $15,758
    Other loans to individuals $12,427
    All other loans & leases $2,069
    Loans to foreign governments and official institutions $0
    Other loans $1,039
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $17,056
    Loans secured by real estate to non-U.S. addressees $32
    Restructured Loans & leases $368
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Investar Bank had $1,681,275,000 of loans outstanding in 2019. $1,338,741,000 of loans were in real estate loans. $197,797,000 of loans were in development loans. $60,617,000 of loans were in multifamily mortgage loans. $321,488,000 of loans were in 1-4 family mortgage loans. $2,671,000 of loans were in farm loans. $373,000 of loans were in credit card loans. $15,758,000 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 664 $196,784 $296,361
    Nonfarm, nonresidential loans - <$100k 116 $4,994 $43,052
    Nonfarm, nonresidential loans - $100-250k 174 $22,711 $130,523
    Nonfarm, nonresidential loans - $250k-1MM 374 $169,079 $452,083
    Commercial & Industrial, US addressed loans - <$1MM 3,448 $145,221 $42,117
    Commercial & Industrial, US addressed loans - <$100k 2,946 $35,958 $12,206
    Commercial & Industrial, US addressed loans - $100-250k 288 $31,382 $108,965
    Commercial & Industrial, US addressed loans - $250k-1MM 214 $77,881 $363,930
    Farmland loans - <$1MM 109 $10,646 $97,670
    Farmland loans - <$100k 59 $2,027 $34,356
    Farmland loans - $100-250k 30 $3,770 $125,667
    Farmland loans - $250k-1MM 20 $4,849 $242,450
    Agriculture operations loans - <$1MM 52 $2,000 $38,462
    Agriculture operations loans - <$100k 45 $970 $21,556
    Agriculture operations loans - $100-250k 3 $324 $108,000
    Agriculture operations loans - $250k-1MM 4 $706 $176,500