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, Jackson, Crestview, Opelousas, and Odessa among others. We have data for 11 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

    120

    Origination Dollar Volume (All Markets)

    $23,640,000

    Employee count

    72

    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) 102 $18,220,000 $178,627 $0 0.00%
    JACKSON, MS (FHA|USDA|VA) 1 $2,375,000 $2,375,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,215,000 $405,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 6 $630,000 $105,000 $0 0.00%
    Outside of Metro Areas 2 $440,000 $220,000 $0 0.00%
    ODESSA, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Troy, AL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Natchitoches, LA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Jennings, LA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Rayne State Bank & Trust Company's top markets include Lafayette, Jackson, Crestview, Opelousas, and Odessa among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 120 $23,640,000 $197,000 $0 0.00%

    For 2020, Rayne State Bank & Trust Company's most frequently originated type of loan was Conventional, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 82 $15,780,000 $192,439 $0 0.00%
    Home Purchase 33 $7,595,000 $230,152 $0 0.00%
    Home Improvement 4 $230,000 $57,500 $0 0.00%
    Other 1 $35,000 $35,000 $0 0.00%

    For 2020, Rayne State Bank & Trust Company's most frequently cited loan purpose was Refi, with 82 originations. The 2nd most popular reason was Home Purchase, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 120 $23,640,000 $197,000 $0 0.00%

    For 2020, Rayne State Bank & Trust Company's most frequently cited loan duration was Other, with 120 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 66 $3,080,000 $46,667 $0 0.00%
    $100k-200k 26 $3,940,000 $151,538 $0 0.00%
    $200k-400k 18 $5,130,000 $285,000 $0 0.00%
    $1MM+ 6 $9,180,000 $1,530,000 $0 0.00%
    $400k-600k 2 $880,000 $440,000 $0 0.00%
    $600k-1MM 2 $1,430,000 $715,000 $0 0.00%

    2020 saw Rayne State Bank & Trust Company place emphasis on $100,000 or less loans with 66 originations, totaling $3,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 20 $900,000 $45,000 $0 0.00%
    $50k-75k 15 $1,745,000 $116,333 $0 0.00%
    $100k-150k 10 $850,000 $85,000 $0 0.00%
    $250k+ 9 $2,855,000 $317,222 $0 0.00%
    $75k-100k 9 $1,105,000 $122,778 $0 0.00%
    $150k-250k 8 $1,160,000 $145,000 $0 0.00%

    Rayne State Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $50k-75k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 120 $23,640,000 $197,000 $0 0.00%

    Rayne State Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 120 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 49 $15,025,000 $306,633 $0 0.00%
    White 66 $8,370,000 $126,818 $0 0.00%
    Black 5 $245,000 $49,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.31%

    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
    98.33%

    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 120 $23,640,000 $197,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $4,250,000 $531,250
    Single Family (1-4 Units):Manufactured 11 $675,000 $61,364
    Single Family (1-4 Units):Site-Built 101 $18,715,000 $185,297

    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 $118,675
    Rayne State Bank & Trust Company 410 Kaliste Saloom Road Lafayette, LA 70508 Full Service B&M $193,613
    Rayne State Bank & Trust Company 410 West University Avenue Lafayette, LA 70501 Full Service B&M $18,266
    Rayne State Bank & Trust Company 4200 N. University Avenue Carencro, LA 70520 Full Service B&M $37,176
    Rayne State Bank & Trust Company 503 Guilbeau Road Lafayette, LA 70506 Full Service B&M $14,408
    Rayne State Bank & Trust Company 741.5 South Main Street Church Point, LA 70525 Full Service B&M $17,462

    For 2020, Rayne State Bank & Trust Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,274
    Net interest income $16,654
    Total noninterest income $1,503
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $652
    Trading account gains and fees $0
    Additional Noninterest Income $851
    Pre-tax net operating income $6,464
    Securities gains (or losses, -) $76
    Income before extraordinary items $6,540
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,540
    Minority interest net income $0
    Net income $6,540
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,464

    Rayne State Bank & Trust Company's gross interest income from loans was $18,274,000.
    Rayne State Bank & Trust Company's net interest income from loans was $16,654,000.
    Rayne State Bank & Trust Company's fee based income from loans was $652,000.
    Rayne State Bank & Trust Company's net income from loans was $6,540,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,620
    Provision for credit losses $575
    Total noninterest expense $11,118
    Salaries and employee benefits $7,284
    Premises and equipment expense $1,945
    Additional noninterest expense $1,889
    Applicable income taxes $0
    Net charge-offs $71
    Cash dividends $3,066

    Rayne State Bank & Trust Company's interest expense for loans was $1,620,000.
    Rayne State Bank & Trust Company's payroll and benefits expense were $7,284,000.
    Rayne State Bank & Trust Company's property, plant and equipment expenses $1,945,000.

    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 $379,057
    Deposits held in domestic offices $379,057
    Deposits by Individuals, partnerships, and corporations $365,433
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,431
    Deposits by Commercial banks and other depository institutions in U.S. $1,193
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $39,303
    Demand deposits $26,008
    Nontransaction accounts $339,754
    Money market deposit accounts (MMDAs) $47,409
    Other savings deposits (excluding MMDAs) $239,516
    Total time deposits $52,829
    Total time and savings deposits $353,049
    Noninterest-bearing deposits $155,132
    Interest-bearing deposits $223,925
    Retail deposits $371,190
    IRAs and Keogh plan accounts $9,093
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $439,099
    Cash & Balances due from depository institutions $24,662
    Interest-bearing balances $14,142
    Total securities $88,769
    Federal funds sold & reverse repurchase $2,186
    Net loans and leases $305,572
    Loan and leases loss allowance $5,236
    Trading account assets $0
    Bank premises and fixed assets $3,436
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $14,474

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $439,099
    Total Liabilities $383,042
    Total deposits $379,057
    Interest-bearing deposits $223,925
    Deposits held in domestic offices $379,057
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $819
    Subordinated debt $0
    All other liabilities $3,166

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $305,572
    Loan and leases loss allowance $5,236
    Total loans and leases (domestic) $310,808
    All real estate loans $218,336
    Real estate loans in domestic offices $218,336
    Construction and development loans $38,254
    Residential 1-4 family construction $4,221
    Other construction, all land development and other land $34,033
    Loans secured by nonfarm nonresidential properties $107,376
    Nonfarm nonresidential secured by owner-occupied properties $61,219
    Commercial real estate & other non-farm, non-residential $46,157
    Multifamily residential real estate $4,756
    1-4 family residential loans $67,165
    Farmland loans $785
    Loans held in foreign offices $0
    Farm loans $3,171
    Commercial and industrial loans $87,367
    To non-U.S. addressees $0
    Loans to individuals $1,778
    Credit card loans $0
    Related Plans $47
    Consumer Auto Loans $247
    Other loans to individuals $1,484
    All other loans & leases $156
    Loans to foreign governments and official institutions $0
    Other loans $156
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Rayne State Bank & Trust Company had $305,572,000 of loans outstanding in 2020. $218,336,000 of loans were in real estate loans. $38,254,000 of loans were in development loans. $4,756,000 of loans were in multifamily mortgage loans. $67,165,000 of loans were in 1-4 family mortgage loans. $3,171,000 of loans were in farm loans. $0 of loans were in credit card loans. $247,000 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 141 $33,209 $235,525
    Nonfarm, nonresidential loans - <$100k 27 $911 $33,741
    Nonfarm, nonresidential loans - $100-250k 37 $4,620 $124,865
    Nonfarm, nonresidential loans - $250k-1MM 77 $27,678 $359,455
    Commercial & Industrial, US addressed loans - <$1MM 481 $42,522 $88,403
    Commercial & Industrial, US addressed loans - <$100k 352 $9,184 $26,091
    Commercial & Industrial, US addressed loans - $100-250k 64 $8,332 $130,188
    Commercial & Industrial, US addressed loans - $250k-1MM 65 $25,006 $384,708
    Farmland loans - <$1MM 11 $785 $71,364
    Farmland loans - <$100k 7 $217 $31,000
    Farmland loans - $100-250k 3 $268 $89,333
    Farmland loans - $250k-1MM 1 $300 $300,000
    Agriculture operations loans - <$1MM 18 $1,597 $88,722
    Agriculture operations loans - <$100k 3 $106 $35,333
    Agriculture operations loans - $100-250k 9 $830 $92,222
    Agriculture operations loans - $250k-1MM 6 $661 $110,167