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

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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, Anniston, and Lake Charles among others. We have data for 20 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

    286

    Origination Dollar Volume (All Markets)

    $102,880,000

    Employee count

    343

    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) 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.

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

    Eureka Homestead
    Similarity Rank: 204
    Neighbors Federal Credit Union
    Similarity Rank: 320
    GREATER NEW ORLEANS
    Similarity Rank: 543
    America's Mortgage Resource, Inc.
    Similarity Rank: 891
    JEFFERSON FINANCIAL
    Similarity Rank: 936
    ESSENTIAL
    Similarity Rank: 1184
    Pelican State Credit Union
    Similarity Rank: 2356
    Campus Federal Credit Union
    Similarity Rank: 2376
    La Capitol Federal Credit Union
    Similarity Rank: 3052
    Red River Bank
    Similarity Rank: 3186

    Product Mix

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

    For 2021, Investar Bank's most frequently originated type of loan was Conventional, with 286 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Investar Bank's most frequently cited loan purpose was Home Purchase, with 188 originations. The 2nd most popular reason was 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 2021, Investar Bank's most frequently cited loan duration was 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
    80.47%

    Investar Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.67%

    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