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. Their top markets by origination volume include: Lafayette, Opelousas, New Orleans, and Baton Rouge among others. We have data for 4 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.

    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.

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    Originations

    119

    Origination Dollar Volume (All Markets)

    $17,305,000

    Employee count

    73

    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) 112 $16,420,000 $146,607 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 3 $325,000 $108,333 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $245,000 $81,667 $0 0.00%
    Rayne State Bank & Trust Company's top markets include Lafayette, Opelousas, New Orleans, and Baton Rouge among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 119 $17,305,000 $145,420 $0 0.00%

    For 2019, Rayne State Bank & Trust Company's most frequently originated type of loan was Conventional, with 119 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 65 $10,775,000 $165,769 $0 0.00%
    Home Purchase 45 $6,195,000 $137,667 $0 0.00%
    Home Improvement 6 $260,000 $43,333 $0 0.00%
    Other 3 $75,000 $25,000 $0 0.00%

    For 2019, Rayne State Bank & Trust Company's most frequently cited loan purpose was Refi, with 65 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 119 $17,305,000 $145,420 $0 0.00%

    For 2019, Rayne State Bank & Trust Company's most frequently cited loan duration was Other, with 119 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 73 $3,385,000 $46,370 $0 0.00%
    $100k-200k 24 $3,340,000 $139,167 $0 0.00%
    $200k-400k 11 $2,905,000 $264,091 $0 0.00%
    $600k-1MM 8 $6,180,000 $772,500 $0 0.00%
    $400k-600k 3 $1,495,000 $498,333 $0 0.00%

    2019 saw Rayne State Bank & Trust Company place emphasis on $100,000 or less loans with 73 originations, totaling $3,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 17 $675,000 $39,706 $0 0.00%
    $100k-150k 15 $1,635,000 $109,000 $0 0.00%
    $75k-100k 14 $1,040,000 $74,286 $0 0.00%
    $150k-250k 13 $1,335,000 $102,692 $0 0.00%
    $50k-75k 11 $295,000 $26,818 $0 0.00%
    $250k+ 8 $5,170,000 $646,250 $0 0.00%

    Rayne State Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 119 $17,305,000 $145,420 $0 0.00%

    Rayne State Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 119 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 73 $9,375,000 $128,425 $0 0.00%
    Not applicable 40 $7,070,000 $176,750 $0 0.00%
    Korean 1 $575,000 $575,000 $0 0.00%
    Black 4 $190,000 $47,500 $0 0.00%
    Asian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.85%

    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
    96.64%

    Rayne State Bank & Trust Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 119 $17,305,000 $145,420

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $605,000 $605,000
    Multifamily:Site-Built 5 $615,000 $123,000
    Single Family (1-4 Units):Manufactured 9 $395,000 $43,889
    Single Family (1-4 Units):Site-Built 104 $15,690,000 $150,865

    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 $98,224
    Rayne State Bank & Trust Company 410 Kaliste Saloom Road Lafayette, LA 70508 Full Service B&M $142,167
    Rayne State Bank & Trust Company 410 West University Avenue Lafayette, LA 70501 Full Service B&M $15,880
    Rayne State Bank & Trust Company 4200 N. University Avenue Carencro, LA 70520 Full Service B&M $28,771
    Rayne State Bank & Trust Company 503 Guilbeau Road Lafayette, LA 70506 Full Service B&M $10,691
    Rayne State Bank & Trust Company 741.5 South Main Street Church Point, LA 70525 Full Service B&M $14,588

    For 2019, Rayne State Bank & Trust Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,549
    Net interest income $15,653
    Total noninterest income $1,554
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $859
    Trading account gains and fees $0
    Additional Noninterest Income $695
    Pre-tax net operating income $6,513
    Securities gains (or losses, -) $15
    Income before extraordinary items $6,528
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,528
    Minority interest net income $0
    Net income $6,528
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,513

    Rayne State Bank & Trust Company's gross interest income from loans was $17,549,000.
    Rayne State Bank & Trust Company's net interest income from loans was $15,653,000.
    Rayne State Bank & Trust Company's fee based income from loans was $859,000.
    Rayne State Bank & Trust Company's net income from loans was $6,528,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,896
    Provision for credit losses $160
    Total noninterest expense $10,534
    Salaries and employee benefits $6,767
    Premises and equipment expense $1,814
    Additional noninterest expense $1,953
    Applicable income taxes $0
    Net charge-offs $-21
    Cash dividends $4,195

    Rayne State Bank & Trust Company's interest expense for loans was $1,896,000.
    Rayne State Bank & Trust Company's payroll and benefits expense were $6,767,000.
    Rayne State Bank & Trust Company's property, plant and equipment expenses $1,814,000.

    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 $317,863
    Deposits held in domestic offices $317,863
    Deposits by Individuals, partnerships, and corporations $306,095
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,281
    Deposits by Commercial banks and other depository institutions in U.S. $487
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $34,506
    Demand deposits $22,889
    Nontransaction accounts $283,357
    Money market deposit accounts (MMDAs) $38,690
    Other savings deposits (excluding MMDAs) $203,088
    Total time deposits $41,580
    Total time and savings deposits $294,974
    Noninterest-bearing deposits $115,936
    Interest-bearing deposits $201,927
    Retail deposits $311,183
    IRAs and Keogh plan accounts $9,110
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $382,595
    Cash & Balances due from depository institutions $10,953
    Interest-bearing balances $4,704
    Total securities $75,895
    Federal funds sold & reverse repurchase $2,224
    Net loans and leases $276,264
    Loan and leases loss allowance $4,732
    Trading account assets $0
    Bank premises and fixed assets $3,292
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $13,967

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $382,595
    Total Liabilities $331,706
    Total deposits $317,863
    Interest-bearing deposits $201,927
    Deposits held in domestic offices $317,863
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,867
    Subordinated debt $0
    All other liabilities $2,976

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $276,264
    Loan and leases loss allowance $4,732
    Total loans and leases (domestic) $280,996
    All real estate loans $234,597
    Real estate loans in domestic offices $234,597
    Construction and development loans $40,654
    Residential 1-4 family construction $4,941
    Other construction, all land development and other land $35,713
    Loans secured by nonfarm nonresidential properties $114,679
    Nonfarm nonresidential secured by owner-occupied properties $61,636
    Commercial real estate & other non-farm, non-residential $53,043
    Multifamily residential real estate $3,355
    1-4 family residential loans $75,323
    Farmland loans $586
    Loans held in foreign offices $0
    Farm loans $3,001
    Commercial and industrial loans $41,346
    To non-U.S. addressees $0
    Loans to individuals $1,980
    Credit card loans $0
    Related Plans $53
    Consumer Auto Loans $327
    Other loans to individuals $1,600
    All other loans & leases $72
    Loans to foreign governments and official institutions $0
    Other loans $72
    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 $388
    Non 1-4 family restructured loans & leases $388
    Total loans and leases (foreign) $0

    Rayne State Bank & Trust Company had $276,264,000 of loans outstanding in 2019. $234,597,000 of loans were in real estate loans. $40,654,000 of loans were in development loans. $3,355,000 of loans were in multifamily mortgage loans. $75,323,000 of loans were in 1-4 family mortgage loans. $3,001,000 of loans were in farm loans. $0 of loans were in credit card loans. $327,000 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 147 $35,147 $239,095
    Nonfarm, nonresidential loans - <$100k 32 $1,225 $38,281
    Nonfarm, nonresidential loans - $100-250k 40 $5,319 $132,975
    Nonfarm, nonresidential loans - $250k-1MM 75 $28,603 $381,373
    Commercial & Industrial, US addressed loans - <$1MM 183 $17,165 $93,798
    Commercial & Industrial, US addressed loans - <$100k 111 $2,341 $21,090
    Commercial & Industrial, US addressed loans - $100-250k 30 $2,475 $82,500
    Commercial & Industrial, US addressed loans - $250k-1MM 42 $12,349 $294,024
    Farmland loans - <$1MM 9 $586 $65,111
    Farmland loans - <$100k 7 $219 $31,286
    Farmland loans - $100-250k 1 $53 $53,000
    Farmland loans - $250k-1MM 1 $314 $314,000
    Agriculture operations loans - <$1MM 21 $1,978 $94,190
    Agriculture operations loans - <$100k 8 $298 $37,250
    Agriculture operations loans - $100-250k 6 $715 $119,167
    Agriculture operations loans - $250k-1MM 7 $965 $137,857