Pedestal Bank Mortgage Rates, Fees & Info

Houma, LA

LEI: 549300FH5B8B7PZP2H39

Tax ID: 72-1420533

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Mortgage Data

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

    Pedestal Bank is a smaller bank specializing in Refi and Home Purchase loans. Pedestal Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Houma, Lake Charles, Deridder, and Fort Polk South among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pedestal 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.

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    Originations

    375

    Origination Dollar Volume (All Markets)

    $51,825,000

    Employee count

    294

    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) 87 $11,845,000 $136,149 $1,556 6.65%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 71 $11,265,000 $158,662 $1,402 6.46%
    LAKE CHARLES, LA (FHA|USDA|VA) 80 $7,130,000 $89,125 $1,290 6.65%
    DeRidder, LA (FHA|USDA|VA) 56 $4,740,000 $84,643 $1,171 6.45%
    Fort Polk South, LA (FHA|USDA|VA) 44 $4,690,000 $106,591 $1,802 6.36%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 7 $4,585,000 $655,000 $853 6.25%
    HAMMOND, LA (FHA|USDA|VA) 2 $3,360,000 $1,680,000 $0 5.91%
    Outside of Metro Areas 15 $1,275,000 $85,000 $1,580 5.99%
    BATON ROUGE, LA (FHA|USDA|VA) 4 $890,000 $222,500 $5,307 6.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $855,000 $855,000 $0 5.50%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $455,000 $455,000 $0 6.15%
    Picayune, MS (FHA|USDA|VA) 1 $325,000 $325,000 $0 6.00%
    Opelousas, LA (FHA|USDA|VA) 3 $295,000 $98,333 $0 6.67%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.75%
    Jennings, LA (FHA|USDA|VA) 2 $40,000 $20,000 $0 6.63%
    Pedestal Bank's top markets include Lafayette, Houma, Lake Charles, Deridder, and Fort Polk South among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against PEDESTAL BANK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MERITUS Federal Credit Union
    Similarity Rank: 76
    Jeff Davis Bancshares
    Similarity Rank: 418
    Home Bank
    Similarity Rank: 532
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 2024
    TIB The Independent Bankersbank
    Similarity Rank: 2304
    Renasant Bank
    Similarity Rank: 2398
    NAVY FEDERAL CREDIT UNION
    Similarity Rank: 2622
    Iberiabank
    Similarity Rank: 3887
    BancorpSouth
    Similarity Rank: 4026
    JPMorgan Chase Bank
    Similarity Rank: 5184

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 375 $51,825,000 $138,200 $1,429 6.49%

    For 2018, Pedestal Bank's most frequently originated type of loan was Conventional, with 375 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 162 $21,870,000 $135,000 $739 6.55%
    Home Purchase 137 $17,645,000 $128,796 $2,149 6.37%
    Cash Out Refi 41 $9,815,000 $239,390 $1,472 6.32%
    Home Improvement 20 $1,570,000 $78,500 $1,621 6.72%
    Other 15 $925,000 $61,667 $1,466 7.15%

    For 2018, Pedestal Bank's most frequently cited loan purpose was Refi, with 162 originations. The 2nd most popular reason was Home Purchase, with 137 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 228 $20,390,000 $89,430 $1,450 6.68%
    3 Year 54 $13,980,000 $258,889 $0 6.11%
    Other 46 $10,410,000 $226,304 $672 6.23%
    15 Year 20 $5,070,000 $253,500 $0 6.33%
    1 Year 13 $975,000 $75,000 $556 6.03%
    10 Year 10 $430,000 $43,000 $0 6.50%
    20 Year 4 $570,000 $142,500 $0 6.23%

    For 2018, Pedestal Bank's most frequently cited loan duration was 5 Year, with 228 originations. The 2nd most popular length was 3 Year, with 54 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 107 $7,885,000 $73,692
    $1k-2k 13 $1,585,000 $121,923
    $2k-3k 2 $520,000 $260,000
    $3k-4k 1 $315,000 $315,000
    $5k+ 1 $625,000 $625,000

    Pedestal Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 107 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 159 $15,305,000 $96,258
    5-6% 144 $31,080,000 $215,833
    7-8% 35 $2,415,000 $69,000
    Over 8% 25 $825,000 $33,000
    4-5% 12 $2,200,000 $183,333

    During 2018, Pedestal Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 159 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 257 $12,065,000 $46,946 $1,248 6.69%
    $100k-200k 61 $8,645,000 $141,721 $1,585 6.13%
    $200k-400k 35 $9,625,000 $275,000 $2,588 6.12%
    $600k-1MM 9 $6,965,000 $773,889 $6,392 5.95%
    $400k-600k 7 $3,225,000 $460,714 $440 5.58%
    $1MM+ 6 $11,300,000 $1,883,333 $0 5.80%

    2018 saw Pedestal Bank place emphasis on $100,000 or less loans with 257 originations, totaling $12,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 59 $4,155,000 $70,424 $1,444 6.62%
    $50k or less 57 $3,215,000 $56,404 $989 6.98%
    $50k-75k 51 $3,175,000 $62,255 $1,359 6.88%
    $75k-100k 37 $2,905,000 $78,514 $1,727 6.35%
    $150k-250k 23 $3,695,000 $160,652 $2,352 6.25%
    $250k+ 13 $3,585,000 $275,769 $877 5.56%

    Pedestal Bank lent most frequently to those with incomes in the $100k-150k range, with 59 originations. The second most popular income band? $50k or less, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 41 $2,825,000 $68,902 $1,323 6.64%
    <20% 25 $1,155,000 $46,200 $1,405 6.44%
    30-36% 22 $1,700,000 $77,273 $1,444 7.03%
    >60% 11 $1,165,000 $105,909 $712 6.70%
    36% 8 $590,000 $73,750 $1,611 6.88%
    44% 7 $535,000 $76,429 $2,310 7.36%
    37% 6 $590,000 $98,333 $2,591 6.50%
    38% 5 $445,000 $89,000 $1,658 6.40%
    43% 4 $250,000 $62,500 $2,219 7.44%
    39% 3 $205,000 $68,333 $1,435 6.83%
    40% 3 $435,000 $145,000 $1,284 6.33%
    42% 3 $125,000 $41,667 $632 7.67%
    49% 2 $160,000 $80,000 $641 6.13%
    50-60% 2 $740,000 $370,000 $3,432 8.38%
    41% 2 $220,000 $110,000 $560 6.25%
    45% 2 $310,000 $155,000 $450 6.25%
    48% 1 $35,000 $35,000 $653 5.50%
    46% 1 $25,000 $25,000 $0 7.75%
    47% 1 $35,000 $35,000 $0 12.75%

    Pedestal Bank lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? <20%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 126 $30,380,000 $241,111 $0 6.22%
    White 239 $20,885,000 $87,385 $1,408 6.58%
    Black 8 $460,000 $57,500 $1,844 8.38%
    Asian 2 $100,000 $50,000 $0 6.81%

    Approval Rates

    Total approvals of all applications
    86.99%

    Pedestal Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    64.53%

    Pedestal Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 26 $650,000 $25,000
    NA 349 $51,175,000 $146,633

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 4 $2,810,000 $702,500
    Multifamily:Site-Built 21 $12,005,000 $571,667
    Single Family (1-4 Units):Manufactured 118 $5,540,000 $46,949
    Single Family (1-4 Units):Site-Built 232 $31,470,000 $135,647

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 60 $5,220,000 $87,000 $1,061 6.50%
    40-60% 82 $9,560,000 $116,585 $1,299 6.44%
    60-80% 125 $24,985,000 $199,880 $1,762 6.35%
    80-100% 57 $6,545,000 $114,825 $1,774 6.84%
    Over 100% 6 $770,000 $128,333 $0 6.76%
    Under 20% 42 $2,900,000 $69,048 $945 6.55%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    PEDESTAL BANK 10085 Gulf Highway Lake Charles, LA 70607 Full Service B&M $39,095
    PEDESTAL BANK 107 Canal Boulevard Thibodaux, LA 70301 Full Service B&M $57,061
    PEDESTAL BANK 1300 West Tunnell Boulevard Houma, LA 70360 Full Service B&M $204,723
    PEDESTAL BANK 14052 West Main Street Cut Off, LA 70345 Full Service B&M $51,585
    PEDESTAL BANK 1407 Jane Street New Iberia, LA 70563 Limited, Drive-thru $1,950
    PEDESTAL BANK 1520 Maplewood Drive Sulphur, LA 70663 Full Service B&M $12,372
    PEDESTAL BANK 1741 Highway 171 North Moss Bluff, LA 70612 Full Service B&M $19,670
    PEDESTAL BANK 1790 Rees Street Breaux Bridge, LA 70517 Full Service B&M $8,386
    PEDESTAL BANK 200 North Faye Avenue Kaplan, LA 70548 Limited, Drive-thru $0
    PEDESTAL BANK 201 North Cushing Avenue Kaplan, LA 70548 Full Service B&M $68,877
    PEDESTAL BANK 201 West Fourth Street De Quincy, LA 70633 Full Service B&M $30,161
    PEDESTAL BANK 2197 Hwy 171 Deridder, LA 70634 Full Service B&M $11,734
    PEDESTAL BANK 2301 West Laurel Avenue Eunice, LA 70535 Limited, Drive-thru $0
    PEDESTAL BANK 301 North Pine Street Deridder, LA 70634 Full Service B&M $103,466
    PEDESTAL BANK 3881 Gerstner Memorial Drive Lake Charles, LA 70607 Full Service B&M $21,093
    PEDESTAL BANK 400 South Fifth Street Leesville, LA 71446 Full Service B&M $32,114
    PEDESTAL BANK 4515 Coteau Road New Iberia, LA 70560 Full Service B&M $10,455
    PEDESTAL BANK 4850 Lake Street Lake Charles, LA 70605 Full Service B&M $9,687
    PEDESTAL BANK 5094 Highway 56 Chauvin, LA 70344 Full Service B&M $26,173
    PEDESTAL BANK 5830 West Main Street Houma, LA 70360 Full Service B&M $37,140
    PEDESTAL BANK 606 South Main Street Saint Martinville, LA 70582 Full Service B&M $43,178
    PEDESTAL BANK 708 Grand Caillou Road Houma, LA 70363 Full Service B&M $29,372
    PEDESTAL BANK 914 South College Road Lafayette, LA 70503 Full Service B&M $42,522
    PEDESTAL BANK 940 Parkview Drive New Iberia, LA 70563 Full Service B&M $18,015
    PEDESTAL BANK Laurel Avenue And Third Street Eunice, LA 70535 Full Service B&M $131,618

    For 2018, Pedestal Bank had 25 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $58,442
    Net interest income $52,142
    Total noninterest income $10,709
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $5,819
    Trading account gains and fees $0
    Additional Noninterest Income $4,890
    Pre-tax net operating income $19,374
    Securities gains (or losses, -) $10
    Income before extraordinary items $19,384
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $19,384
    Minority interest net income $0
    Net income $19,384
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $19,374

    Pedestal Bank's gross interest income from loans was $58,442,000.
    Pedestal Bank's net interest income from loans was $52,142,000.
    Pedestal Bank's fee based income from loans was $5,819,000.
    Pedestal Bank's net income from loans was $19,384,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,300
    Provision for credit losses $3,529
    Total noninterest expense $39,948
    Salaries and employee benefits $21,961
    Premises and equipment expense $5,075
    Additional noninterest expense $12,912
    Applicable income taxes $0
    Net charge-offs $3,937
    Cash dividends $15,140

    Pedestal Bank's interest expense for loans was $6,300,000.
    Pedestal Bank's payroll and benefits expense were $21,961,000.
    Pedestal Bank's property, plant and equipment expenses $5,075,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    Personal loans 1.0%
    Credit card loans 0.9%
    Other individual loans 1.0%
    Auto loans 2.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,019,089
    Deposits held in domestic offices $1,019,089
    Deposits by Individuals, partnerships, and corporations $877,683
    Deposits by U.S. Government $78
    Deposits by States and political subdivisions in the U.S. $141,328
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $19,961
    Demand deposits $18,156
    Nontransaction accounts $999,128
    Money market deposit accounts (MMDAs) $560,064
    Other savings deposits (excluding MMDAs) $125,749
    Total time deposits $313,315
    Total time and savings deposits $1,000,933
    Noninterest-bearing deposits $261,006
    Interest-bearing deposits $758,083
    Retail deposits $919,585
    IRAs and Keogh plan accounts $22,222
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,223,006
    Cash & Balances due from depository institutions $90,725
    Interest-bearing balances $72,285
    Total securities $206,350
    Federal funds sold & reverse repurchase $0
    Net loans and leases $855,253
    Loan and leases loss allowance $11,848
    Trading account assets $0
    Bank premises and fixed assets $31,771
    Other real estate owned $1,147
    Goodwill and other intangibles $13,279
    All other assets $24,481

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,223,006
    Total Liabilities $1,075,397
    Total deposits $1,019,089
    Interest-bearing deposits $758,083
    Deposits held in domestic offices $1,019,089
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $3,000
    Trading liabilities $0
    Other borrowed funds $46,162
    Subordinated debt $0
    All other liabilities $7,146

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $855,253
    Loan and leases loss allowance $11,848
    Total loans and leases (domestic) $867,101
    All real estate loans $581,869
    Real estate loans in domestic offices $581,869
    Construction and development loans $103,768
    Residential 1-4 family construction $20,477
    Other construction, all land development and other land $83,291
    Loans secured by nonfarm nonresidential properties $257,876
    Nonfarm nonresidential secured by owner-occupied properties $132,582
    Commercial real estate & other non-farm, non-residential $125,294
    Multifamily residential real estate $12,921
    1-4 family residential loans $202,629
    Farmland loans $4,675
    Loans held in foreign offices $0
    Farm loans $6,485
    Commercial and industrial loans $246,124
    To non-U.S. addressees $0
    Loans to individuals $31,235
    Credit card loans $1,930
    Related Plans $2,783
    Consumer Auto Loans $4,793
    Other loans to individuals $21,729
    All other loans & leases $1,389
    Loans to foreign governments and official institutions $0
    Other loans $1,064
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,038
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $9,930
    Non 1-4 family restructured loans & leases $9,794
    Total loans and leases (foreign) $0

    PEDESTAL BANK had $855,253,000 of loans outstanding in 2018. $581,869,000 of loans were in real estate loans. $103,768,000 of loans were in development loans. $12,921,000 of loans were in multifamily mortgage loans. $202,629,000 of loans were in 1-4 family mortgage loans. $6,485,000 of loans were in farm loans. $1,930,000 of loans were in credit card loans. $4,793,000 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 613 $115,840 $188,972
    Nonfarm, nonresidential loans - <$100k 206 $8,129 $39,461
    Nonfarm, nonresidential loans - $100-250k 200 $26,203 $131,015
    Nonfarm, nonresidential loans - $250k-1MM 207 $81,508 $393,758
    Commercial & Industrial, US addressed loans - <$1MM 1,259 $85,114 $67,604
    Commercial & Industrial, US addressed loans - <$100k 959 $22,739 $23,711
    Commercial & Industrial, US addressed loans - $100-250k 164 $17,923 $109,287
    Commercial & Industrial, US addressed loans - $250k-1MM 136 $44,452 $326,853
    Farmland loans - <$1MM 50 $4,675 $93,500
    Farmland loans - <$100k 29 $1,223 $42,172
    Farmland loans - $100-250k 16 $2,169 $135,563
    Farmland loans - $250k-1MM 5 $1,283 $256,600
    Agriculture operations loans - <$1MM 91 $4,519 $49,659
    Agriculture operations loans - <$100k 66 $1,683 $25,500
    Agriculture operations loans - $100-250k 10 $860 $86,000
    Agriculture operations loans - $250k-1MM 15 $1,976 $131,733