Rayne State Bank & Trust Company Mortgage Rates, Fees & Info

Rayne, LA

LEI: 549300DISOL963J03Q15

Tax ID: 72-0296305

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Mortgage Data

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

    Rayne State Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. Rayne State Bank & Trust Company has a high proportion of conventional loans. Rayne State Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Morgan City, Opelousas, Houston, and Crestview among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Rayne State Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    136

    Origination Dollar Volume (All Markets)

    $22,430,000

    Employee count

    71

    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
    LAFAYETTE, LA (FHA|USDA|VA) 121 $19,185,000 $158,554 $1,708 5.37%
    Morgan City, LA (FHA|USDA|VA) 1 $735,000 $735,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 5 $705,000 $141,000 $1,512 5.83%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $455,000 $455,000 $6,289 4.85%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $380,000 $190,000 $0 5.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $330,000 $165,000 $0 5.25%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.35%
    Outside of Metro Areas 2 $150,000 $75,000 $0 0.00%
    Rayne State Bank & Trust Company's top markets include Lafayette, Morgan City, Opelousas, Houston, and Crestview among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 79 $11,545,000 $146,139 $1,845 5.37%
    Conventional 57 $10,885,000 $190,965 $0 0.00%

    For 2018, Rayne State Bank & Trust Company's most frequently originated type of loan was Conventional, with 79 originations. Their 2nd most popular type was Conventional, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 78 $11,400,000 $146,154 $627 5.51%
    Home Purchase 45 $8,525,000 $189,444 $3,561 5.22%
    Home Improvement 10 $2,380,000 $238,000 $2,655 5.04%
    Other 3 $125,000 $41,667 $1,382 4.90%

    For 2018, Rayne State Bank & Trust Company's most frequently cited loan purpose was Refi, with 78 originations. The 2nd most popular reason was Home Purchase, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 99 $17,425,000 $176,010 $1,945 5.14%
    5 Year 28 $4,210,000 $150,357 $0 5.61%
    3 Year 6 $340,000 $56,667 $0 6.12%
    1 Year 2 $400,000 $200,000 $110 4.95%
    10 Year 1 $55,000 $55,000 $572 4.60%

    For 2018, Rayne State Bank & Trust Company's most frequently cited loan duration was Other, with 99 originations. The 2nd most popular length was 5 Year, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 22 $2,290,000 $104,091
    $1k-2k 7 $1,105,000 $157,857
    $2k-3k 2 $1,420,000 $710,000
    $5k+ 1 $555,000 $555,000

    Rayne State Bank & Trust Company's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 22 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 37 $6,415,000 $173,378
    5-6% 33 $4,395,000 $133,182
    6-7% 8 $680,000 $85,000
    7-8% 1 $55,000 $55,000

    During 2018, Rayne State Bank & Trust Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 37 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $3,370,000 $48,143 $1,066 5.55%
    $100k-200k 34 $4,880,000 $143,529 $2,002 5.28%
    $200k-400k 22 $5,690,000 $258,636 $413 5.06%
    $600k-1MM 6 $5,310,000 $885,000 $8,043 5.20%
    $400k-600k 3 $1,435,000 $478,333 $7,785 5.10%
    $1MM+ 1 $1,745,000 $1,745,000 $0 0.00%

    2018 saw Rayne State Bank & Trust Company place emphasis on $100,000 or less loans with 70 originations, totaling $3,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 18 $2,020,000 $112,222 $1,396 5.23%
    $50k or less 16 $1,220,000 $76,250 $992 5.62%
    $150k-250k 14 $2,970,000 $212,143 $3,556 5.21%
    $250k+ 14 $3,730,000 $266,429 $2,423 4.89%
    $75k-100k 12 $1,040,000 $86,667 $1,358 5.04%
    $100k-150k 10 $1,020,000 $102,000 $1,756 4.87%

    Rayne State Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $50k or less, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 57 $10,885,000 $190,965 $0 0.00%
    <20% 9 $2,095,000 $232,778 $1,498 4.73%
    30-36% 6 $630,000 $105,000 $1,893 4.84%
    20-30% 5 $805,000 $161,000 $2,572 4.86%
    37% 3 $175,000 $58,333 $812 6.00%
    40% 2 $190,000 $95,000 $2,623 4.93%
    42% 2 $60,000 $30,000 $367 4.60%
    50-60% 2 $370,000 $185,000 $485 4.65%
    >60% 2 $620,000 $310,000 $3,948 4.88%
    38% 1 $125,000 $125,000 $3,351 4.90%
    41% 1 $315,000 $315,000 $1,512 4.75%

    Rayne State Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 57 originations. The next most common DTI ratio? <20%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $11,350,000 $145,513 $1,680 5.11%
    Not applicable 52 $10,430,000 $200,577 $0 5.65%
    Asian 1 $455,000 $455,000 $6,289 4.85%
    Black 5 $195,000 $39,000 $2,356 6.18%

    Approval Rates

    Total approvals of all applications
    98.62%

    Rayne State Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.85%

    Rayne State Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 57 $10,885,000 $190,965
    NA 79 $11,545,000 $146,139

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $3,170,000 $264,167
    Single Family (1-4 Units):Manufactured 10 $890,000 $89,000
    Single Family (1-4 Units):Site-Built 114 $18,370,000 $161,140

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $480,000 $48,000 $1,296 5.42%
    40-60% 24 $3,090,000 $128,750 $2,486 5.65%
    60-80% 30 $6,390,000 $213,000 $2,193 5.15%
    80-100% 5 $945,000 $189,000 $1,579 4.87%
    Under 20% 10 $640,000 $64,000 $323 5.56%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Rayne State Bank & Trust Company 200 Gabriels Alley Rayne, LA 70578 Limited, Drive-thru $0
    Rayne State Bank & Trust Company 200 South Adams Avenue Rayne, LA 70578 Full Service B&M $97,458
    Rayne State Bank & Trust Company 410 Kaliste Saloom Road Lafayette, LA 70508 Full Service B&M $133,573
    Rayne State Bank & Trust Company 410 West University Avenue Lafayette, LA 70501 Full Service B&M $18,950
    Rayne State Bank & Trust Company 4200 N. University Avenue Carencro, LA 70520 Full Service B&M $28,478
    Rayne State Bank & Trust Company 503 Guilbeau Road Lafayette, LA 70506 Full Service B&M $9,835
    Rayne State Bank & Trust Company 741.5 South Main Street Church Point, LA 70525 Full Service B&M $15,574

    For 2018, Rayne State Bank & Trust Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,835
    Net interest income $15,530
    Total noninterest income $1,513
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $866
    Trading account gains and fees $0
    Additional Noninterest Income $647
    Pre-tax net operating income $6,378
    Securities gains (or losses, -) $84
    Income before extraordinary items $6,462
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,462
    Minority interest net income $0
    Net income $6,462
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,378

    Rayne State Bank & Trust Company's gross interest income from loans was $16,835,000.
    Rayne State Bank & Trust Company's net interest income from loans was $15,530,000.
    Rayne State Bank & Trust Company's fee based income from loans was $866,000.
    Rayne State Bank & Trust Company's net income from loans was $6,462,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,305
    Provision for credit losses $50
    Total noninterest expense $10,615
    Salaries and employee benefits $6,622
    Premises and equipment expense $1,745
    Additional noninterest expense $2,248
    Applicable income taxes $0
    Net charge-offs $-707
    Cash dividends $2,798

    Rayne State Bank & Trust Company's interest expense for loans was $1,305,000.
    Rayne State Bank & Trust Company's payroll and benefits expense were $6,622,000.
    Rayne State Bank & Trust Company's property, plant and equipment expenses $1,745,000.

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

    Deposits

    Type Value (in 000's)
    Total deposits $325,574
    Deposits held in domestic offices $325,574
    Deposits by Individuals, partnerships, and corporations $311,076
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,906
    Deposits by Commercial banks and other depository institutions in U.S. $592
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $33,146
    Demand deposits $21,301
    Nontransaction accounts $292,428
    Money market deposit accounts (MMDAs) $51,473
    Other savings deposits (excluding MMDAs) $196,755
    Total time deposits $44,201
    Total time and savings deposits $304,273
    Noninterest-bearing deposits $113,334
    Interest-bearing deposits $212,240
    Retail deposits $320,863
    IRAs and Keogh plan accounts $9,502
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $375,561
    Cash & Balances due from depository institutions $13,472
    Interest-bearing balances $6,236
    Total securities $73,145
    Federal funds sold & reverse repurchase $3,104
    Net loans and leases $271,841
    Loan and leases loss allowance $4,551
    Trading account assets $0
    Bank premises and fixed assets $3,447
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $10,552

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $375,561
    Total Liabilities $329,235
    Total deposits $325,574
    Interest-bearing deposits $212,240
    Deposits held in domestic offices $325,574
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $912
    Subordinated debt $0
    All other liabilities $2,749

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $271,841
    Loan and leases loss allowance $4,551
    Total loans and leases (domestic) $276,392
    All real estate loans $225,364
    Real estate loans in domestic offices $225,364
    Construction and development loans $33,232
    Residential 1-4 family construction $7,313
    Other construction, all land development and other land $25,919
    Loans secured by nonfarm nonresidential properties $112,182
    Nonfarm nonresidential secured by owner-occupied properties $58,210
    Commercial real estate & other non-farm, non-residential $53,972
    Multifamily residential real estate $4,207
    1-4 family residential loans $75,452
    Farmland loans $291
    Loans held in foreign offices $0
    Farm loans $2,945
    Commercial and industrial loans $46,306
    To non-U.S. addressees $0
    Loans to individuals $1,686
    Credit card loans $0
    Related Plans $50
    Consumer Auto Loans $263
    Other loans to individuals $1,373
    All other loans & leases $91
    Loans to foreign governments and official institutions $0
    Other loans $91
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $399
    Non 1-4 family restructured loans & leases $399
    Total loans and leases (foreign) $0

    Rayne State Bank & Trust Company had $271,841,000 of loans outstanding in 2018. $225,364,000 of loans were in real estate loans. $33,232,000 of loans were in development loans. $4,207,000 of loans were in multifamily mortgage loans. $75,452,000 of loans were in 1-4 family mortgage loans. $2,945,000 of loans were in farm loans. $0 of loans were in credit card loans. $263,000 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 146 $35,049 $240,062
    Nonfarm, nonresidential loans - <$100k 34 $1,334 $39,235
    Nonfarm, nonresidential loans - $100-250k 40 $4,676 $116,900
    Nonfarm, nonresidential loans - $250k-1MM 72 $29,039 $403,319
    Commercial & Industrial, US addressed loans - <$1MM 183 $18,294 $99,967
    Commercial & Industrial, US addressed loans - <$100k 117 $2,286 $19,538
    Commercial & Industrial, US addressed loans - $100-250k 26 $3,178 $122,231
    Commercial & Industrial, US addressed loans - $250k-1MM 40 $12,830 $320,750
    Farmland loans - <$1MM 9 $291 $32,333
    Farmland loans - <$100k 6 $201 $33,500
    Farmland loans - $100-250k 3 $90 $30,000
    Agriculture operations loans - <$1MM 16 $1,832 $114,500
    Agriculture operations loans - <$100k 3 $187 $62,333
    Agriculture operations loans - $100-250k 7 $630 $90,000
    Agriculture operations loans - $250k-1MM 6 $1,015 $169,167