Pedestal Bank Mortgage Rates, Fees & Info

Houma, LA

LEI: 549300FH5B8B7PZP2H39

Tax ID: 72-1420533

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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, Home Purchase, and Cash Out Refi loans. Pedestal Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houma, Lake Charles, Lafayette, Fort Polk South, and Deridder among others. We have data for 19 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. Pedestal Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    448

    Origination Dollar Volume (All Markets)

    $53,060,000

    Employee count

    305

    Awards

    PEDESTAL BANK 30 Year Conventional Loans gold PEDESTAL BANK 30 Year Conventional Loans silver
    Show all (2) awards

    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
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 99 $14,115,000 $142,576 $1,353 6.47%
    LAKE CHARLES, LA (FHA|USDA|VA) 82 $12,220,000 $149,024 $1,188 6.77%
    LAFAYETTE, LA (FHA|USDA|VA) 106 $11,090,000 $104,623 $1,618 6.60%
    Fort Polk South, LA (FHA|USDA|VA) 51 $4,175,000 $81,863 $1,201 7.17%
    DeRidder, LA (FHA|USDA|VA) 59 $4,095,000 $69,407 $1,064 7.27%
    Outside of Metro Areas 19 $2,385,000 $125,526 $1,161 6.31%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $1,150,000 $575,000 $853 6.33%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 6 $760,000 $126,667 $3,004 6.38%
    Opelousas, LA (FHA|USDA|VA) 9 $755,000 $83,889 $1,039 7.19%
    Morgan City, LA (FHA|USDA|VA) 1 $695,000 $695,000 $0 6.25%
    Jennings, LA (FHA|USDA|VA) 3 $305,000 $101,667 $747 7.30%
    Hope, AR (FHA|USDA|VA) 1 $275,000 $275,000 $0 5.75%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $275,000 $91,667 $0 5.83%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $265,000 $265,000 $0 5.50%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 2 $120,000 $60,000 $0 6.75%
    Ruston, LA (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.50%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $15,000 $15,000 $0 6.50%
    Pedestal Bank's top markets include Houma, Lake Charles, Lafayette, Fort Polk South, and Deridder among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Mississippi (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: 80
    Home Bank
    Similarity Rank: 475
    DSLD MORTGAGE, LLC
    Similarity Rank: 728
    PEDESTAL BANK
    Similarity Rank: 779
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 2756
    ADVANCIAL
    Similarity Rank: 2806
    Hancock Whitney Bank
    Similarity Rank: 3780
    DRAPER AND KRAMER MORTGAGE CORP.
    Similarity Rank: 4165
    CIS Financial Services, Inc.
    Similarity Rank: 4464
    TIB The Independent Bankersbank
    Similarity Rank: 4635

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 448 $53,060,000 $118,438 $1,324 6.74%

    For 2019, Pedestal Bank's most frequently originated type of loan was Conventional, with 448 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 242 $22,580,000 $93,306 $855 6.96%
    Home Purchase 126 $17,660,000 $140,159 $2,266 6.41%
    Cash Out Refi 59 $11,135,000 $188,729 $1,405 6.72%
    Other 11 $715,000 $65,000 $1,848 6.02%
    Home Improvement 10 $970,000 $97,000 $1,429 6.40%

    For 2019, Pedestal Bank's most frequently cited loan purpose was Refi, with 242 originations. The 2nd most popular reason was Home Purchase, with 126 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 92 $14,800,000 $160,870 $1,052 6.73%
    10 Year 89 $4,845,000 $54,438 $905 7.14%
    Other 86 $9,060,000 $105,349 $851 6.80%
    5 Year 68 $4,260,000 $62,647 $948 7.03%
    20 Year 62 $9,010,000 $145,323 $2,204 6.28%
    30 Year 32 $8,470,000 $264,688 $2,266 5.91%
    1 Year 11 $1,715,000 $155,909 $572 6.44%
    3 Year 8 $900,000 $112,500 $0 6.65%

    For 2019, Pedestal Bank's most frequently cited loan duration was 15 Year, with 92 originations. The 2nd most popular length was 10 Year, with 89 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 204 $18,350,000 $89,951
    $1k-2k 21 $2,995,000 $142,619
    $2k-3k 3 $635,000 $211,667
    $3k-4k 2 $1,060,000 $530,000
    $4k-5k 1 $815,000 $815,000

    Pedestal Bank's average total fees were $2,266, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 204 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 180 $16,850,000 $93,611
    5-6% 166 $25,180,000 $151,687
    7-8% 52 $3,340,000 $64,231
    Over 8% 42 $1,620,000 $38,571
    4-5% 8 $6,070,000 $758,750

    During 2019, Pedestal Bank's average interest rate for loans was 5.91%, while their most frequently originated rate bucket for loans was 6-7%, with 180 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 305 $14,515,000 $47,590 $1,050 7.02%
    $100k-200k 85 $11,355,000 $133,588 $1,807 6.29%
    $200k-400k 44 $11,930,000 $271,136 $1,853 5.95%
    $400k-600k 6 $2,890,000 $481,667 $611 5.95%
    $1MM+ 4 $9,270,000 $2,317,500 $2,636 5.85%
    $600k-1MM 4 $3,100,000 $775,000 $5,778 5.75%

    2019 saw Pedestal Bank place emphasis on $100,000 or less loans with 305 originations, totaling $14,515,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 106 $6,720,000 $63,396 $1,003 7.29%
    $75k-100k 69 $5,645,000 $81,812 $1,080 6.94%
    $50k-75k 66 $4,450,000 $67,424 $1,355 6.92%
    $100k-150k 56 $5,330,000 $95,179 $1,533 6.54%
    $150k-250k 27 $3,925,000 $145,370 $1,660 6.24%
    $250k+ 15 $6,445,000 $429,667 $3,820 5.78%

    Pedestal Bank lent most frequently to those with incomes in the $50k or less range, with 106 originations. The second most popular income band? $75k-100k, with 69 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 71 $6,365,000 $89,648 $1,503 7.04%
    30-36% 42 $5,110,000 $121,667 $1,658 6.49%
    <20% 30 $1,600,000 $53,333 $1,097 6.59%
    >60% 28 $2,690,000 $96,071 $742 8.08%
    50-60% 13 $1,055,000 $81,154 $720 8.04%
    40% 11 $935,000 $85,000 $1,717 6.34%
    38% 10 $680,000 $68,000 $1,828 6.63%
    41% 7 $565,000 $80,714 $1,124 6.46%
    37% 7 $2,465,000 $352,143 $1,809 6.46%
    49% 6 $390,000 $65,000 $744 8.13%
    39% 6 $490,000 $81,667 $1,253 6.42%
    36% 5 $675,000 $135,000 $1,281 6.40%
    43% 5 $485,000 $97,000 $907 6.90%
    44% 5 $255,000 $51,000 $1,107 7.10%
    47% 3 $205,000 $68,333 $764 7.08%
    45% 3 $205,000 $68,333 $1,393 6.92%
    42% 3 $355,000 $118,333 $3,611 7.67%
    48% 1 $75,000 $75,000 $703 6.75%
    46% 1 $25,000 $25,000 $624 11.00%

    Pedestal Bank lent most frequently to those with DTI ratios of 20-30%, with 71 originations. The next most common DTI ratio? 30-36%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 311 $30,915,000 $99,405 $1,352 6.85%
    Not applicable 104 $20,110,000 $193,365 $0 6.28%
    Asian 8 $1,110,000 $138,750 $1,504 6.92%
    Black 24 $900,000 $37,500 $847 7.28%
    American Indian 1 $25,000 $25,000 $1,550 6.75%

    Approval Rates

    Total approvals of all applications
    87.52%

    Pedestal Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.75%

    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 27 $805,000 $29,815
    NA 421 $52,255,000 $124,121

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 7 $5,815,000 $830,714
    Multifamily:Site-Built 13 $3,135,000 $241,154
    Single Family (1-4 Units):Manufactured 143 $8,205,000 $57,378
    Single Family (1-4 Units):Site-Built 285 $35,905,000 $125,982

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 86 $10,330,000 $120,116 $980 7.01%
    40-60% 92 $7,980,000 $86,739 $1,288 6.49%
    60-80% 141 $22,435,000 $159,113 $1,558 6.72%
    80-100% 79 $8,485,000 $107,405 $1,737 6.66%
    Over 100% 5 $555,000 $111,000 $647 9.25%
    Under 20% 41 $2,685,000 $65,488 $777 6.69%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    PEDESTAL BANK 10085 Gulf Highway Lake Charles, LA 70607 Full Service B&M $38,355
    PEDESTAL BANK 107 Canal Boulevard Thibodaux, LA 70301 Full Service B&M $57,941
    PEDESTAL BANK 1300 West Tunnell Boulevard Houma, LA 70360 Full Service B&M $199,707
    PEDESTAL BANK 14052 West Main Street Cut Off, LA 70345 Full Service B&M $60,476
    PEDESTAL BANK 1520 Maplewood Drive Sulphur, LA 70663 Full Service B&M $16,461
    PEDESTAL BANK 1741 Highway 171 North Moss Bluff, LA 70612 Full Service B&M $19,723
    PEDESTAL BANK 1790 Rees Street Breaux Bridge, LA 70517 Full Service B&M $8,875
    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 $71,450
    PEDESTAL BANK 201 West Fourth Street De Quincy, LA 70633 Full Service B&M $34,010
    PEDESTAL BANK 2197 Hwy 171 Deridder, LA 70634 Full Service B&M $12,995
    PEDESTAL BANK 301 North Pine Street Deridder, LA 70634 Full Service B&M $95,415
    PEDESTAL BANK 3881 Gerstner Memorial Drive Lake Charles, LA 70607 Full Service B&M $20,205
    PEDESTAL BANK 400 South Fifth Street Leesville, LA 71446 Full Service B&M $32,443
    PEDESTAL BANK 4515 Coteau Road New Iberia, LA 70560 Full Service B&M $12,923
    PEDESTAL BANK 4850 Lake Street Lake Charles, LA 70605 Full Service B&M $14,044
    PEDESTAL BANK 5094 Highway 56 Chauvin, LA 70344 Full Service B&M $28,554
    PEDESTAL BANK 5830 West Main Street Houma, LA 70360 Full Service B&M $37,500
    PEDESTAL BANK 606 South Main Street Saint Martinville, LA 70582 Full Service B&M $41,186
    PEDESTAL BANK 708 Grand Caillou Road Houma, LA 70363 Full Service B&M $31,441
    PEDESTAL BANK 914 South College Road Lafayette, LA 70503 Full Service B&M $38,343
    PEDESTAL BANK 940 Parkview Drive New Iberia, LA 70563 Full Service B&M $23,641
    PEDESTAL BANK Laurel Avenue And Third Street Eunice, LA 70535 Full Service B&M $130,763

    For 2019, Pedestal Bank had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $61,674
    Net interest income $52,482
    Total noninterest income $10,340
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $5,897
    Trading account gains and fees $0
    Additional Noninterest Income $4,443
    Pre-tax net operating income $22,197
    Securities gains (or losses, -) $216
    Income before extraordinary items $22,413
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $22,413
    Minority interest net income $0
    Net income $22,413
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $22,197

    Pedestal Bank's gross interest income from loans was $61,674,000.
    Pedestal Bank's net interest income from loans was $52,482,000.
    Pedestal Bank's fee based income from loans was $5,897,000.
    Pedestal Bank's net income from loans was $22,413,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,192
    Provision for credit losses $1,951
    Total noninterest expense $38,674
    Salaries and employee benefits $22,016
    Premises and equipment expense $5,327
    Additional noninterest expense $11,331
    Applicable income taxes $0
    Net charge-offs $2,413
    Cash dividends $15,112

    Pedestal Bank's interest expense for loans was $9,192,000.
    Pedestal Bank's payroll and benefits expense were $22,016,000.
    Pedestal Bank's property, plant and equipment expenses $5,327,000.

    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 1.0%
    HELOC loans 1.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.5%
    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 $1,023,373
    Deposits held in domestic offices $1,023,373
    Deposits by Individuals, partnerships, and corporations $882,826
    Deposits by U.S. Government $15
    Deposits by States and political subdivisions in the U.S. $140,532
    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 $23,461
    Demand deposits $22,445
    Nontransaction accounts $999,912
    Money market deposit accounts (MMDAs) $550,643
    Other savings deposits (excluding MMDAs) $125,232
    Total time deposits $324,037
    Total time and savings deposits $1,000,928
    Noninterest-bearing deposits $258,697
    Interest-bearing deposits $764,677
    Retail deposits $914,475
    IRAs and Keogh plan accounts $23,332
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,243,545
    Cash & Balances due from depository institutions $51,309
    Interest-bearing balances $33,731
    Total securities $269,824
    Federal funds sold & reverse repurchase $0
    Net loans and leases $848,179
    Loan and leases loss allowance $11,386
    Trading account assets $0
    Bank premises and fixed assets $34,579
    Other real estate owned $2,007
    Goodwill and other intangibles $13,444
    All other assets $24,203

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,243,545
    Total Liabilities $1,082,343
    Total deposits $1,023,373
    Interest-bearing deposits $764,677
    Deposits held in domestic offices $1,023,373
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $2,951
    Trading liabilities $0
    Other borrowed funds $49,293
    Subordinated debt $0
    All other liabilities $6,726

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $848,179
    Loan and leases loss allowance $11,386
    Total loans and leases (domestic) $859,565
    All real estate loans $583,677
    Real estate loans in domestic offices $583,677
    Construction and development loans $94,404
    Residential 1-4 family construction $16,425
    Other construction, all land development and other land $77,979
    Loans secured by nonfarm nonresidential properties $268,739
    Nonfarm nonresidential secured by owner-occupied properties $132,604
    Commercial real estate & other non-farm, non-residential $136,135
    Multifamily residential real estate $13,753
    1-4 family residential loans $199,906
    Farmland loans $6,875
    Loans held in foreign offices $0
    Farm loans $5,653
    Commercial and industrial loans $239,573
    To non-U.S. addressees $0
    Loans to individuals $29,676
    Credit card loans $1,806
    Related Plans $2,876
    Consumer Auto Loans $4,349
    Other loans to individuals $20,645
    All other loans & leases $986
    Loans to foreign governments and official institutions $0
    Other loans $779
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $2,171
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $207
    Non 1-4 family restructured loans & leases $130
    Total loans and leases (foreign) $0

    PEDESTAL BANK had $848,179,000 of loans outstanding in 2019. $583,677,000 of loans were in real estate loans. $94,404,000 of loans were in development loans. $13,753,000 of loans were in multifamily mortgage loans. $199,906,000 of loans were in 1-4 family mortgage loans. $5,653,000 of loans were in farm loans. $1,806,000 of loans were in credit card loans. $4,349,000 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 575 $111,479 $193,877
    Nonfarm, nonresidential loans - <$100k 181 $7,316 $40,420
    Nonfarm, nonresidential loans - $100-250k 187 $24,088 $128,813
    Nonfarm, nonresidential loans - $250k-1MM 207 $80,075 $386,836
    Commercial & Industrial, US addressed loans - <$1MM 1,344 $97,841 $72,798
    Commercial & Industrial, US addressed loans - <$100k 1,016 $24,473 $24,088
    Commercial & Industrial, US addressed loans - $100-250k 177 $20,708 $116,994
    Commercial & Industrial, US addressed loans - $250k-1MM 151 $52,660 $348,742
    Farmland loans - <$1MM 60 $5,870 $97,833
    Farmland loans - <$100k 32 $1,376 $43,000
    Farmland loans - $100-250k 21 $2,971 $141,476
    Farmland loans - $250k-1MM 7 $1,523 $217,571
    Agriculture operations loans - <$1MM 82 $3,851 $46,963
    Agriculture operations loans - <$100k 64 $1,552 $24,250
    Agriculture operations loans - $100-250k 10 $825 $82,500
    Agriculture operations loans - $250k-1MM 8 $1,474 $184,250