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: Baton Rouge, New Orleans, Lafayette, Crestview, and Dallas among others. We have data for 19 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

    270

    Origination Dollar Volume (All Markets)

    $101,500,000

    Employee count

    323

    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) 76 $34,460,000 $453,421 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 79 $21,815,000 $276,139 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 31 $17,475,000 $563,710 $0 0.00%
    Outside of Metro Areas 41 $6,935,000 $169,146 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 6 $5,470,000 $911,667 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $3,710,000 $1,855,000 $0 0.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 10 $2,010,000 $201,000 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 8 $1,790,000 $223,750 $0 0.00%
    VICTORIA, TX (FHA|USDA|VA) 1 $1,555,000 $1,555,000 $0 0.00%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $1,410,000 $705,000 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $1,260,000 $630,000 $0 0.00%
    TUSCALOOSA, AL (FHA|USDA|VA) 2 $1,210,000 $605,000 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $975,000 $975,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 4 $690,000 $172,500 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    Morgan City, LA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Alice, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Investar Bank's top markets include Baton Rouge, New Orleans, Lafayette, Crestview, and Dallas among others.

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

    Jefferson Parish Employees FCU
    Similarity Rank: 77
    Eureka Homestead
    Similarity Rank: 112
    Neighbors Federal Credit Union
    Similarity Rank: 285
    America's Mortgage Resource, Inc.
    Similarity Rank: 640
    GREATER NEW ORLEANS
    Similarity Rank: 680
    Pelican State Credit Union
    Similarity Rank: 1400
    Origin Bank
    Similarity Rank: 1404
    Home Bank
    Similarity Rank: 2226
    BNC National Bank
    Similarity Rank: 2230
    Campus Federal Credit Union
    Similarity Rank: 2508

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 270 $101,500,000 $375,926 $0 0.00%

    For 2020, Investar Bank's most frequently originated type of loan was Conventional, with 270 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 166 $50,920,000 $306,747 $0 0.00%
    Refi 70 $38,950,000 $556,429 $0 0.00%
    Cash Out Refi 32 $11,530,000 $360,313 $0 0.00%
    Home Improvement 2 $100,000 $50,000 $0 0.00%

    For 2020, Investar Bank's most frequently cited loan purpose was Home Purchase, with 166 originations. The 2nd most popular reason was Refi, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 270 $101,500,000 $375,926 $0 0.00%

    For 2020, Investar Bank's most frequently cited loan duration was Other, with 270 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 91 $13,665,000 $150,165 $0 0.00%
    $100,000 or less 55 $3,445,000 $62,636 $0 0.00%
    $200k-400k 54 $14,400,000 $266,667 $0 0.00%
    $600k-1MM 29 $22,165,000 $764,310 $0 0.00%
    $1MM+ 22 $38,730,000 $1,760,455 $0 0.00%
    $400k-600k 19 $9,095,000 $478,684 $0 0.00%

    2020 saw Investar Bank place emphasis on $100k-200k loans with 91 originations, totaling $13,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 71 $10,335,000 $145,563 $0 0.00%
    $250k+ 39 $33,085,000 $848,333 $0 0.00%
    $50k-75k 33 $5,485,000 $166,212 $0 0.00%
    $150k-250k 26 $12,440,000 $478,462 $0 0.00%
    $100k-150k 22 $4,740,000 $215,455 $0 0.00%
    $75k-100k 20 $3,380,000 $169,000 $0 0.00%

    Investar Bank lent most frequently to those with incomes in the $50k or less range, with 71 originations. The second most popular income band? $250k+, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 270 $101,500,000 $375,926 $0 0.00%

    Investar Bank lent most frequently to those with DTI ratios of Exempt%, with 270 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 124 $50,950,000 $410,887 $0 0.00%
    Not applicable 57 $31,715,000 $556,404 $0 0.00%
    Black 84 $13,810,000 $164,405 $0 0.00%
    Not provided 1 $2,515,000 $2,515,000 $0 0.00%
    Asian 4 $2,510,000 $627,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.18%

    Investar Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.93%

    Investar Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 270 $101,500,000 $375,926

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 19 $21,285,000 $1,120,263
    Single Family (1-4 Units):Manufactured 2 $150,000 $75,000
    Single Family (1-4 Units):Site-Built 249 $80,065,000 $321,546

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    INVESTORS BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 33.3%
    INVESTORS BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 8.3%
    INVESTORS BANK Conventional home mortgage Trouble during payment process 5 41.7%
    INVESTORS BANK Conventional home mortgage Struggling to pay mortgage 1 8.3%
    INVESTORS BANK Conventional home mortgage Incorrect information on your report 1 8.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Investar Bank, National Association 10608 Veterans Memorial Hwy Pine Prairie, LA 70576 Full Service B&M $30,324
    Investar Bank, National Association 10922 Coursey Boulevard Baton Rouge, LA 70816 Full Service B&M $84,558
    Investar Bank, National Association 1112 Church Street Zachary, LA 70791 Full Service B&M $25,046
    Investar Bank, National Association 18101 Highland Market Drive Baton Rouge, LA 70810 Full Service B&M $68,789
    Investar Bank, National Association 1o'connor Plaza Victoria, TX 77901 Full Service B&M $23,937
    Investar Bank, National Association 2215 Sampson Street Westlake, LA 70669 Full Service B&M $18,684
    Investar Bank, National Association 24 E Greenway Plaza Houston, TX 77042 Full Service B&M $19,781
    Investar Bank, National Association 2501 Palmer Highway, Suite 100 Texas City, TX 77590 Full Service B&M $118,742
    Investar Bank, National Association 301 Broad Street York, AL 36925 Full Service B&M $70,960
    Investar Bank, National Association 3761 La Highway 1 South Port Allen, LA 70767 Full Service B&M $36,687
    Investar Bank, National Association 38567 Hwy 42, P. O. Box 988 Prairieville, LA 70769 Full Service B&M $49,040
    Investar Bank, National Association 400 Fm 517 West Dickinson, TX 77539 Full Service B&M $4,527
    Investar Bank, National Association 4004 Ambassador Caffery Parkway Lafayette, LA 70503 Full Service B&M $148,057
    Investar Bank, National Association 482 South Range Avenue Denham Springs, LA 70726 Full Service B&M $57,182
    Investar Bank, National Association 4892 Louisiana Highway 22 Mandeville, LA 70471 Full Service B&M $57,184
    Investar Bank, National Association 500 Veterans Memorial Boulevard Metairie, LA 70005 Full Service B&M $92,664
    Investar Bank, National Association 525 East New River Road Gonzales, LA 70737 Full Service B&M $31,161
    Investar Bank, National Association 5360 Mounes Street Harahan, LA 70123 Full Service B&M $47,380
    Investar Bank, National Association 5505 Highland Road Baton Rouge, LA 70808 Full Service B&M $12,930
    Investar Bank, National Association 600 Southwest Railroad Avenue Hammond, LA 70403 Full Service B&M $58,326
    Investar Bank, National Association 601 East Main Street Alice, TX 78332 Full Service B&M $14,081
    Investar Bank, National Association 601 Poinciana Avenue Mamou, LA 70544 Full Service B&M $59,322
    Investar Bank, National Association 716 North Washington Street Livingston, AL 35470 Full Service B&M $36,545
    Investar Bank, National Association 7244 Perkins Road Baton Rouge, LA 70808 Full Service B&M $404,123
    Investar Bank, National Association 7370 Sthy 61 Saint Francisville, LA 70775 Full Service B&M $58,158
    Investar Bank, National Association 841 West Main Street Ville Platte, LA 70586 Full Service B&M $115,915
    Investar Bank, National Association 8759 Sullivan Road Baton Rouge, LA 70818 Full Service B&M $30,012
    Investar Bank, National Association 900 East St Mary Blvd Suite 100 Lafayette, LA 70503 Full Service B&M $51,690
    Investar Bank, National Association Erin And Church Streets Jackson, LA 70748 Full Service B&M $65,293
    Investar Bank, National Association Highway 19 Slaughter, LA 70777 Full Service B&M $21,074

    For 2020, Investar Bank had 30 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $93,711
    Net interest income $76,164
    Total noninterest income $9,629
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,080
    Trading account gains and fees $0
    Additional Noninterest Income $7,549
    Pre-tax net operating income $18,400
    Securities gains (or losses, -) $2,299
    Income before extraordinary items $16,563
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,563
    Minority interest net income $0
    Net income $16,563
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,723

    Investar Bank's gross interest income from loans was $93,711,000.
    Investar Bank's net interest income from loans was $76,164,000.
    Investar Bank's fee based income from loans was $2,080,000.
    Investar Bank's net income from loans was $16,563,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $17,547
    Provision for credit losses $11,160
    Total noninterest expense $56,233
    Salaries and employee benefits $33,378
    Premises and equipment expense $6,186
    Additional noninterest expense $16,669
    Applicable income taxes $4,136
    Net charge-offs $1,497
    Cash dividends $0

    Investar Bank's interest expense for loans was $17,547,000.
    Investar Bank's payroll and benefits expense were $33,378,000.
    Investar Bank's property, plant and equipment expenses $6,186,000.

    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 1.0%
    Personal loans 1.0%
    Credit card loans 0.3%
    Other individual loans 1.0%
    Auto loans 3.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,906,265
    Deposits held in domestic offices $1,906,265
    Deposits by Individuals, partnerships, and corporations $1,651,332
    Deposits by U.S. Government $8
    Deposits by States and political subdivisions in the U.S. $129,834
    Deposits by Commercial banks and other depository institutions in U.S. $125,091
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,043,433
    Demand deposits $1,016,156
    Nontransaction accounts $862,832
    Money market deposit accounts (MMDAs) $186,307
    Other savings deposits (excluding MMDAs) $141,134
    Total time deposits $535,391
    Total time and savings deposits $890,109
    Noninterest-bearing deposits $466,670
    Interest-bearing deposits $1,439,595
    Retail deposits $1,752,789
    IRAs and Keogh plan accounts $30,015
    Brokered deposits $80,512
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,318,091
    Cash & Balances due from depository institutions $34,131
    Interest-bearing balances $9,652
    Total securities $281,336
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,839,955
    Loan and leases loss allowance $20,363
    Trading account assets $0
    Bank premises and fixed assets $55,592
    Other real estate owned $663
    Goodwill and other intangibles $32,132
    All other assets $74,282

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,318,091
    Total Liabilities $2,046,472
    Total deposits $1,906,265
    Interest-bearing deposits $1,439,595
    Deposits held in domestic offices $1,906,265
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $5,653
    Trading liabilities $0
    Other borrowed funds $124,444
    Subordinated debt $0
    All other liabilities $10,110

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,839,955
    Loan and leases loss allowance $20,363
    Total loans and leases (domestic) $1,860,318
    All real estate loans $1,445,202
    Real estate loans in domestic offices $1,445,202
    Construction and development loans $206,011
    Residential 1-4 family construction $34,468
    Other construction, all land development and other land $171,543
    Loans secured by nonfarm nonresidential properties $812,395
    Nonfarm nonresidential secured by owner-occupied properties $375,421
    Commercial real estate & other non-farm, non-residential $436,974
    Multifamily residential real estate $60,724
    1-4 family residential loans $339,525
    Farmland loans $26,547
    Loans held in foreign offices $0
    Farm loans $2,442
    Commercial and industrial loans $390,940
    To non-U.S. addressees $0
    Loans to individuals $20,532
    Credit card loans $317
    Related Plans $1,200
    Consumer Auto Loans $6,736
    Other loans to individuals $12,279
    All other loans & leases $1,202
    Loans to foreign governments and official institutions $0
    Other loans $675
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $10,450
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $6,153
    Non 1-4 family restructured loans & leases $5,550
    Total loans and leases (foreign) $0

    Investar Bank had $1,839,955,000 of loans outstanding in 2020. $1,445,202,000 of loans were in real estate loans. $206,011,000 of loans were in development loans. $60,724,000 of loans were in multifamily mortgage loans. $339,525,000 of loans were in 1-4 family mortgage loans. $2,442,000 of loans were in farm loans. $317,000 of loans were in credit card loans. $6,736,000 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 657 $191,379 $291,292
    Nonfarm, nonresidential loans - <$100k 109 $5,066 $46,477
    Nonfarm, nonresidential loans - $100-250k 169 $22,030 $130,355
    Nonfarm, nonresidential loans - $250k-1MM 379 $164,283 $433,464
    Commercial & Industrial, US addressed loans - <$1MM 5,781 $204,991 $35,459
    Commercial & Industrial, US addressed loans - <$100k 5,102 $54,883 $10,757
    Commercial & Industrial, US addressed loans - $100-250k 404 $47,076 $116,525
    Commercial & Industrial, US addressed loans - $250k-1MM 275 $103,032 $374,662
    Farmland loans - <$1MM 97 $11,057 $113,990
    Farmland loans - <$100k 47 $2,000 $42,553
    Farmland loans - $100-250k 27 $3,353 $124,185
    Farmland loans - $250k-1MM 23 $5,704 $248,000
    Agriculture operations loans - <$1MM 46 $2,149 $46,717
    Agriculture operations loans - <$100k 37 $657 $17,757
    Agriculture operations loans - $100-250k 6 $941 $156,833
    Agriculture operations loans - $250k-1MM 3 $551 $183,667