First Guaranty Bank Mortgage Rates, Fees & Info

Hammond, LA

LEI: 549300G8SAGXEDF5FK39

Tax ID: 72-0201420

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Mortgage Data

Bank Data

Review & Overview

First Guaranty Bank is a smaller bank specializing in Home Purchase and Refi loans. First Guaranty Bank has a high proportion of conventional loans. Their top markets by origination volume include: Hammond, Baton Rouge, Houston, New Orleans, and Minden among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Guaranty 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.

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Originations

186

Origination Dollar Volume (All Markets)

$62,220,000

Employee count

346

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
HAMMOND, LA (FHA|USDA|VA) 68 $14,730,000 $216,618 $0 0.00%
BATON ROUGE, LA (FHA|USDA|VA) 44 $11,040,000 $250,909 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $10,990,000 $5,495,000 $0 0.00%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 18 $10,710,000 $595,000 $0 0.00%
Minden, LA (FHA|USDA|VA) 2 $4,060,000 $2,030,000 $0 0.00%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 28 $2,630,000 $93,929 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $2,245,000 $2,245,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $1,065,000 $355,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $955,000 $318,333 $0 0.00%
MONROE, LA (FHA|USDA|VA) 3 $625,000 $208,333 $0 0.00%
Outside of Metro Areas 3 $555,000 $185,000 $0 0.00%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
LAFAYETTE, LA (FHA|USDA|VA) 2 $380,000 $190,000 $0 0.00%
Ruston, LA (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
Bogalusa, LA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Laurel, MS (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Jennings, LA (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
First Guaranty Bank's top markets include Hammond, Baton Rouge, Houston, New Orleans, and Minden among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 186 $62,220,000 $334,516 $0 0.00%

    For 2018, First Guaranty Bank's most frequently originated type of loan was Conventional, with 186 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 89 $34,265,000 $385,000 $0 0.00%
    Refi 81 $26,155,000 $322,901 $0 0.00%
    Other 9 $1,095,000 $121,667 $0 0.00%
    Home Improvement 7 $705,000 $100,714 $0 0.00%

    For 2018, First Guaranty Bank's most frequently cited loan purpose was Home Purchase, with 89 originations. The 2nd most popular reason was Refi, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 186 $62,220,000 $334,516 $0 0.00%

    For 2018, First Guaranty Bank's most frequently cited loan duration was Other, with 186 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 68 $3,010,000 $44,265 $0 0.00%
    $200k-400k 51 $14,375,000 $281,863 $0 0.00%
    $100k-200k 36 $5,450,000 $151,389 $0 0.00%
    $400k-600k 17 $8,065,000 $474,412 $0 0.00%
    $1MM+ 8 $26,550,000 $3,318,750 $0 0.00%
    $600k-1MM 6 $4,770,000 $795,000 $0 0.00%

    2018 saw First Guaranty Bank place emphasis on $100,000 or less loans with 68 originations, totaling $3,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 29 $4,325,000 $149,138 $0 0.00%
    $100k-150k 27 $6,675,000 $247,222 $0 0.00%
    $50k or less 26 $2,200,000 $84,615 $0 0.00%
    $75k-100k 21 $4,455,000 $212,143 $0 0.00%
    $150k-250k 15 $4,305,000 $287,000 $0 0.00%
    $250k+ 15 $8,225,000 $548,333 $0 0.00%

    First Guaranty Bank lent most frequently to those with incomes in the $50k-75k range, with 29 originations. The second most popular income band? $100k-150k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 186 $62,220,000 $334,516 $0 0.00%

    First Guaranty Bank lent most frequently to those with DTI ratios of Exempt%, with 186 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 47 $30,595,000 $650,957 $0 0.00%
    White 114 $25,970,000 $227,807 $0 0.00%
    Not provided 5 $2,695,000 $539,000 $0 0.00%
    Black 18 $2,600,000 $144,444 $0 0.00%
    Asian 2 $360,000 $180,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.24%

    First Guaranty Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.51%

    First Guaranty Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 186 $62,220,000 $334,516

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $35,000 $35,000
    Multifamily:Site-Built 12 $20,060,000 $1,671,667
    Single Family (1-4 Units):Manufactured 6 $180,000 $30,000
    Single Family (1-4 Units):Site-Built 167 $41,945,000 $251,168

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST GUARANTY MORTGAGE CORP Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    FIRST GUARANTY MORTGAGE CORP VA mortgage Trouble during payment process 1 11.1%
    FIRST GUARANTY MORTGAGE CORP FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    FIRST GUARANTY MORTGAGE CORP FHA mortgage Closing on a mortgage 1 11.1%
    FIRST GUARANTY MORTGAGE CORP FHA mortgage Struggling to pay mortgage 1 11.1%
    FIRST GUARANTY MORTGAGE CORP FHA mortgage Trouble during payment process 2 22.2%
    FIRST GUARANTY MORTGAGE CORP Other type of mortgage Struggling to pay mortgage 2 22.2%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Guaranty Bank 100 East Oak Street Amite, LA 70422 Full Service B&M $99,103
    First Guaranty Bank 10065 Highway 79 Haynesville, LA 71038 Full Service B&M $13,439
    First Guaranty Bank 102 East Louisiana Avenue Vivian, LA 71082 Full Service B&M $36,515
    First Guaranty Bank 105 Berryland Shopping Center Ponchatoula, LA 70454 Limited, Drive-thru $0
    First Guaranty Bank 117 East Hico Street Dubach, LA 71235 Full Service B&M $27,954
    First Guaranty Bank 126 S. Highway 1 Oil City, LA 71061 Full Service B&M $14,102
    First Guaranty Bank 189 Burt Boulevard Benton, LA 71006 Full Service B&M $122,575
    First Guaranty Bank 2001 N. Handley Ederville Road Fort Worth, TX 76118 Full Service B&M $8,641
    First Guaranty Bank 2111 West Thomas Street Hammond, LA 70401 Full Service B&M $30,483
    First Guaranty Bank 2209 W. University Drive Denton, TX 76201 Full Service B&M $26,678
    First Guaranty Bank 2231 South Range Avenue Denham Springs, LA 70726 Full Service B&M $130,794
    First Guaranty Bank 29815 Walker South Road Walker, LA 70785 Full Service B&M $77,749
    First Guaranty Bank 301 Avenue F Kentwood, LA 70444 Full Service B&M $36,279
    First Guaranty Bank 33818 Louisiana Highway 16 Denham Springs, LA 70706 Full Service B&M $9,153
    First Guaranty Bank 35651 Highway 16 Montpelier, LA 70422 Full Service B&M $7,382
    First Guaranty Bank 400 East Thomas Street Hammond, LA 70401 Full Service B&M $422,808
    First Guaranty Bank 401 North 2nd Street Homer, LA 71040 Full Service B&M $52,746
    First Guaranty Bank 4221 Airline Drive Bossier City, LA 71111 Full Service B&M $6,013
    First Guaranty Bank 455 West Railroad Avenue Independence, LA 70443 Full Service B&M $28,428
    First Guaranty Bank 500 North Cary Avenue Jennings, LA 70546 Full Service B&M $33,355
    First Guaranty Bank 500 West Pine Street Ponchatoula, LA 70454 Full Service B&M $86,590
    First Guaranty Bank 603 West Main Street, Suite 101 Garland, TX 75040 Full Service B&M $35,876
    First Guaranty Bank 6151 Hwy 10 Greensburg, LA 70441 Full Service B&M $48,149
    First Guaranty Bank 723 Ave G Kentwood, LA 70444 Limited, Drive-thru $2,283
    First Guaranty Bank 7600 Woodway Drive Waco, TX 76712 Full Service B&M $31,275
    First Guaranty Bank 799 West Summers Drive Abbeville, LA 70510 Full Service B&M $132,690
    First Guaranty Bank 8951 Synergy Dr., Suite 100 Mckinney, TX 75070 Full Service B&M $16,088

    For 2018, First Guaranty Bank had 27 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $78,303
    Net interest income $58,611
    Total noninterest income $6,944
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,059
    Trading account gains and fees $0
    Additional Noninterest Income $3,885
    Pre-tax net operating income $21,940
    Securities gains (or losses, -) $-1,830
    Income before extraordinary items $16,108
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,108
    Minority interest net income $0
    Net income $16,108
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $17,572

    First Guaranty Bank's gross interest income from loans was $78,303,000.
    First Guaranty Bank's net interest income from loans was $58,611,000.
    First Guaranty Bank's fee based income from loans was $3,059,000.
    First Guaranty Bank's net income from loans was $16,108,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $19,692
    Provision for credit losses $1,354
    Total noninterest expense $42,261
    Salaries and employee benefits $22,755
    Premises and equipment expense $5,585
    Additional noninterest expense $13,921
    Applicable income taxes $4,002
    Net charge-offs $-197
    Cash dividends $11,788

    First Guaranty Bank's interest expense for loans was $19,692,000.
    First Guaranty Bank's payroll and benefits expense were $22,755,000.
    First Guaranty Bank's property, plant and equipment expenses $5,585,000.

    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 2.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,637,692
    Deposits held in domestic offices $1,637,692
    Deposits by Individuals, partnerships, and corporations $986,832
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $645,531
    Deposits by Commercial banks and other depository institutions in U.S. $5,329
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $4,776
    Demand deposits $4,336
    Nontransaction accounts $1,632,916
    Money market deposit accounts (MMDAs) $842,169
    Other savings deposits (excluding MMDAs) $109,958
    Total time deposits $680,789
    Total time and savings deposits $1,633,356
    Noninterest-bearing deposits $252,586
    Interest-bearing deposits $1,385,106
    Retail deposits $1,192,873
    IRAs and Keogh plan accounts $47,578
    Brokered deposits $143,047
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,812,878
    Cash & Balances due from depository institutions $127,416
    Interest-bearing balances $118,206
    Total securities $405,303
    Federal funds sold & reverse repurchase $549
    Net loans and leases $1,214,836
    Loan and leases loss allowance $10,776
    Trading account assets $0
    Bank premises and fixed assets $39,830
    Other real estate owned $1,138
    Goodwill and other intangibles $7,001
    All other assets $16,805

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,812,878
    Total Liabilities $1,642,998
    Total deposits $1,637,692
    Interest-bearing deposits $1,385,106
    Deposits held in domestic offices $1,637,692
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,306

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,214,836
    Loan and leases loss allowance $10,776
    Total loans and leases (domestic) $1,225,612
    All real estate loans $945,320
    Real estate loans in domestic offices $945,320
    Construction and development loans $124,644
    Residential 1-4 family construction $7,533
    Other construction, all land development and other land $117,111
    Loans secured by nonfarm nonresidential properties $586,597
    Nonfarm nonresidential secured by owner-occupied properties $209,741
    Commercial real estate & other non-farm, non-residential $376,856
    Multifamily residential real estate $42,918
    1-4 family residential loans $172,760
    Farmland loans $18,401
    Loans held in foreign offices $0
    Farm loans $23,108
    Commercial and industrial loans $200,887
    To non-U.S. addressees $0
    Loans to individuals $23,839
    Credit card loans $1,947
    Related Plans $0
    Consumer Auto Loans $2,558
    Other loans to individuals $19,334
    All other loans & leases $35,604
    Loans to foreign governments and official institutions $0
    Other loans $9,698
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $649
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,288
    Non 1-4 family restructured loans & leases $1,288
    Total loans and leases (foreign) $0

    First Guaranty Bank had $1,214,836,000 of loans outstanding in 2018. $945,320,000 of loans were in real estate loans. $124,644,000 of loans were in development loans. $42,918,000 of loans were in multifamily mortgage loans. $172,760,000 of loans were in 1-4 family mortgage loans. $23,108,000 of loans were in farm loans. $1,947,000 of loans were in credit card loans. $2,558,000 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 419 $107,334 $256,167
    Nonfarm, nonresidential loans - <$100k 85 $4,629 $54,459
    Nonfarm, nonresidential loans - $100-250k 117 $17,219 $147,171
    Nonfarm, nonresidential loans - $250k-1MM 217 $85,486 $393,945
    Commercial & Industrial, US addressed loans - <$1MM 451 $32,671 $72,441
    Commercial & Industrial, US addressed loans - <$100k 339 $10,951 $32,304
    Commercial & Industrial, US addressed loans - $100-250k 59 $5,974 $101,254
    Commercial & Industrial, US addressed loans - $250k-1MM 53 $15,746 $297,094
    Farmland loans - <$1MM 56 $8,106 $144,750
    Farmland loans - <$100k 24 $1,239 $51,625
    Farmland loans - $100-250k 21 $3,007 $143,190
    Farmland loans - $250k-1MM 11 $3,860 $350,909
    Agriculture operations loans - <$1MM 225 $16,409 $72,929
    Agriculture operations loans - <$100k 140 $3,891 $27,793
    Agriculture operations loans - $100-250k 44 $4,938 $112,227
    Agriculture operations loans - $250k-1MM 41 $7,580 $184,878