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, Houston, Pensacola, Baton Rouge, and New Orleans 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

    125

    Origination Dollar Volume (All Markets)

    $31,995,000

    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) 110 $28,110,000 $255,545 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $1,420,000 $710,000 $0 0.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $685,000 $685,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 2 $460,000 $230,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 4 $300,000 $75,000 $0 0.00%
    Outside of Metro Areas 3 $285,000 $95,000 $0 0.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Rayne State Bank & Trust Company's top markets include Lafayette, Houston, Pensacola, Baton Rouge, and New Orleans among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 125 $31,995,000 $255,960 $0 0.00%

    For 2021, Rayne State Bank & Trust Company's most frequently originated type of loan was Conventional, with 125 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 74 $18,000,000 $243,243 $0 0.00%
    Home Purchase 41 $13,055,000 $318,415 $0 0.00%
    Home Improvement 5 $155,000 $31,000 $0 0.00%
    Other 5 $785,000 $157,000 $0 0.00%

    For 2021, Rayne State Bank & Trust Company's most frequently cited loan purpose was Refi, with 74 originations. The 2nd most popular reason was Home Purchase, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 125 $31,995,000 $255,960 $0 0.00%

    For 2021, Rayne State Bank & Trust Company's most frequently cited loan duration was Other, with 125 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 63 $3,345,000 $53,095 $0 0.00%
    $200k-400k 23 $6,245,000 $271,522 $0 0.00%
    $100k-200k 21 $3,095,000 $147,381 $0 0.00%
    $600k-1MM 7 $4,705,000 $672,143 $0 0.00%
    $400k-600k 6 $2,990,000 $498,333 $0 0.00%
    $1MM+ 5 $11,615,000 $2,323,000 $0 0.00%

    2021 saw Rayne State Bank & Trust Company place emphasis on $100,000 or less loans with 63 originations, totaling $3,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 23 $1,595,000 $69,348 $0 0.00%
    $250k+ 19 $9,905,000 $521,316 $0 0.00%
    $100k-150k 16 $2,670,000 $166,875 $0 0.00%
    $50k-75k 16 $1,340,000 $83,750 $0 0.00%
    $150k-250k 11 $2,055,000 $186,818 $0 0.00%
    $75k-100k 8 $690,000 $86,250 $0 0.00%

    Rayne State Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $250k+, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 125 $31,995,000 $255,960 $0 0.00%

    Rayne State Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 125 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 82 $16,720,000 $203,902 $0 0.00%
    Not applicable 31 $13,565,000 $437,581 $0 0.00%
    Asian 4 $1,290,000 $322,500 $0 0.00%
    Black 8 $420,000 $52,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.16%

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

    Pick Rate

    Approvals leading to origination
    96.80%

    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 125 $31,995,000 $255,960

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    125 $31,995,000 $255,960

    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 $117,453
    Rayne State Bank & Trust Company 410 Kaliste Saloom Road Lafayette, LA 70508 Full Service B&M $191,821
    Rayne State Bank & Trust Company 410 West University Avenue Lafayette, LA 70501 Full Service B&M $21,852
    Rayne State Bank & Trust Company 4200 N. University Avenue Carencro, LA 70520 Full Service B&M $41,533
    Rayne State Bank & Trust Company 503 Guilbeau Road Lafayette, LA 70506 Full Service B&M $16,172
    Rayne State Bank & Trust Company 741.5 South Main Street Church Point, LA 70525 Full Service B&M $20,101

    For 2021, Rayne State Bank & Trust Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,683
    Net interest income $17,793
    Total noninterest income $1,541
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $612
    Trading account gains and fees $0
    Additional Noninterest Income $929
    Pre-tax net operating income $6,690
    Securities gains (or losses, -) $337
    Income before extraordinary items $7,027
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,027
    Minority interest net income $0
    Net income $7,027
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,690

    Rayne State Bank & Trust Company's gross interest income from loans was $18,683,000.
    Rayne State Bank & Trust Company's net interest income from loans was $17,793,000.
    Rayne State Bank & Trust Company's fee based income from loans was $612,000.
    Rayne State Bank & Trust Company's net income from loans was $7,027,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $890
    Provision for credit losses $600
    Total noninterest expense $12,044
    Salaries and employee benefits $7,747
    Premises and equipment expense $2,286
    Additional noninterest expense $2,011
    Applicable income taxes $0
    Net charge-offs $4
    Cash dividends $3,487

    Rayne State Bank & Trust Company's interest expense for loans was $890,000.
    Rayne State Bank & Trust Company's payroll and benefits expense were $7,747,000.
    Rayne State Bank & Trust Company's property, plant and equipment expenses $2,286,000.

    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 $424,452
    Deposits held in domestic offices $424,452
    Deposits by Individuals, partnerships, and corporations $406,396
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $16,643
    Deposits by Commercial banks and other depository institutions in U.S. $1,413
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $38,497
    Demand deposits $29,192
    Nontransaction accounts $385,955
    Money market deposit accounts (MMDAs) $58,815
    Other savings deposits (excluding MMDAs) $283,928
    Total time deposits $43,212
    Total time and savings deposits $395,260
    Noninterest-bearing deposits $181,750
    Interest-bearing deposits $242,703
    Retail deposits $419,150
    IRAs and Keogh plan accounts $8,686
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $485,903
    Cash & Balances due from depository institutions $47,731
    Interest-bearing balances $43,109
    Total securities $109,351
    Federal funds sold & reverse repurchase $3,736
    Net loans and leases $306,885
    Loan and leases loss allowance $5,832
    Trading account assets $0
    Bank premises and fixed assets $3,541
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $14,659

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $485,903
    Total Liabilities $428,523
    Total deposits $424,452
    Interest-bearing deposits $242,703
    Deposits held in domestic offices $424,452
    % insured (estimated) $63
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $769
    Subordinated debt $0
    All other liabilities $3,302

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $306,885
    Loan and leases loss allowance $5,832
    Total loans and leases (domestic) $312,717
    All real estate loans $232,782
    Real estate loans in domestic offices $232,782
    Construction and development loans $47,670
    Residential 1-4 family construction $4,206
    Other construction, all land development and other land $43,464
    Loans secured by nonfarm nonresidential properties $106,841
    Nonfarm nonresidential secured by owner-occupied properties $64,265
    Commercial real estate & other non-farm, non-residential $42,576
    Multifamily residential real estate $6,329
    1-4 family residential loans $71,271
    Farmland loans $671
    Loans held in foreign offices $0
    Farm loans $3,802
    Commercial and industrial loans $74,278
    To non-U.S. addressees $0
    Loans to individuals $1,577
    Credit card loans $0
    Related Plans $39
    Consumer Auto Loans $268
    Other loans to individuals $1,270
    All other loans & leases $278
    Loans to foreign governments and official institutions $0
    Other loans $278
    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 $306,885,000 of loans outstanding in 2021. $232,782,000 of loans were in real estate loans. $47,670,000 of loans were in development loans. $6,329,000 of loans were in multifamily mortgage loans. $71,271,000 of loans were in 1-4 family mortgage loans. $3,802,000 of loans were in farm loans. $0 of loans were in credit card loans. $268,000 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 133 $31,122 $234,000
    Nonfarm, nonresidential loans - <$100k 26 $1,081 $41,577
    Nonfarm, nonresidential loans - $100-250k 38 $5,024 $132,211
    Nonfarm, nonresidential loans - $250k-1MM 69 $25,017 $362,565
    Commercial & Industrial, US addressed loans - <$1MM 380 $28,376 $74,674
    Commercial & Industrial, US addressed loans - <$100k 283 $6,004 $21,216
    Commercial & Industrial, US addressed loans - $100-250k 42 $4,725 $112,500
    Commercial & Industrial, US addressed loans - $250k-1MM 55 $17,647 $320,855
    Farmland loans - <$1MM 9 $671 $74,556
    Farmland loans - <$100k 6 $186 $31,000
    Farmland loans - $100-250k 2 $213 $106,500
    Farmland loans - $250k-1MM 1 $272 $272,000
    Agriculture operations loans - <$1MM 17 $2,245 $132,059
    Agriculture operations loans - <$100k 4 $98 $24,500
    Agriculture operations loans - $100-250k 4 $296 $74,000
    Agriculture operations loans - $250k-1MM 9 $1,851 $205,667