First Guaranty Bank Mortgage Rates, Fees & Info
Hammond, LALEI: 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, Gulfport, Waco, and Dallas among others. We have data for 22 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
240Origination Dollar Volume (All Markets)
$74,350,000Employee count
431Top 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) | 70 | $27,860,000 | $398,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 56 | $12,190,000 | $217,679 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $7,860,000 | $3,930,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 7 | $4,955,000 | $707,857 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 11 | $3,985,000 | $362,273 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 15 | $3,155,000 | $210,333 | $0 | 0.00% |
| Outside of Metro Areas | 28 | $2,400,000 | $85,714 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 2 | $2,230,000 | $1,115,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 16 | $2,120,000 | $132,500 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $1,745,000 | $1,745,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 10 | $1,620,000 | $162,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 8 | $1,330,000 | $166,250 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| McComb, MS (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 240 | $74,350,000 | $309,792 | $0 | 0.00% |
For 2019, First Guaranty Bank's most frequently originated type of loan was Conventional, with 240 originations.
Loan Reason
For 2019, First Guaranty Bank's most frequently cited loan purpose was Home Purchase, with 127 originations. The 2nd most popular reason was Refi, with 92 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 240 | $74,350,000 | $309,792 | $0 | 0.00% |
For 2019, First Guaranty Bank's most frequently cited loan duration was Other, with 240 originations.
Loan Sizing
2019 saw First Guaranty Bank place emphasis on $200k-400k loans with 83 originations, totaling $22,415,000 in origination value.
Applicant Income
First Guaranty Bank lent most frequently to those with incomes in the $50k or less range, with 45 originations. The second most popular income band? $75k-100k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 240 | $74,350,000 | $309,792 | $0 | 0.00% |
First Guaranty Bank lent most frequently to those with DTI ratios of Exempt%, with 240 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.81%
First Guaranty Bank has an average approval rate.
Pick Rate
Approvals leading to origination72.92%
First Guaranty Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 240 | $74,350,000 | $309,792 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST GUARANTY MORTGAGE CORP | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
| FIRST GUARANTY MORTGAGE CORP | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
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 | $108,633 |
| First Guaranty Bank | 10065 Highway 79 Haynesville, LA 71038 | Full Service B&M | $12,219 |
| First Guaranty Bank | 102 East Louisiana Avenue Vivian, LA 71082 | Full Service B&M | $37,795 |
| First Guaranty Bank | 117 East Hico Street Dubach, LA 71235 | Full Service B&M | $35,351 |
| First Guaranty Bank | 126 S. Highway 1 Oil City, LA 71061 | Full Service B&M | $15,170 |
| First Guaranty Bank | 189 Burt Boulevard Benton, LA 71006 | Full Service B&M | $121,665 |
| First Guaranty Bank | 2001 N. Handley Ederville Road Fort Worth, TX 76118 | Full Service B&M | $23,451 |
| First Guaranty Bank | 2111 West Thomas Street Hammond, LA 70401 | Full Service B&M | $32,961 |
| First Guaranty Bank | 2209 W. University Drive Denton, TX 76201 | Full Service B&M | $31,071 |
| First Guaranty Bank | 2231 South Range Avenue Denham Springs, LA 70726 | Full Service B&M | $135,852 |
| First Guaranty Bank | 29815 Walker South Road Walker, LA 70785 | Full Service B&M | $66,445 |
| First Guaranty Bank | 301 Avenue F Kentwood, LA 70444 | Full Service B&M | $38,716 |
| First Guaranty Bank | 33818 Louisiana Highway 16 Denham Springs, LA 70706 | Full Service B&M | $9,886 |
| First Guaranty Bank | 35651 Highway 16 Montpelier, LA 70422 | Full Service B&M | $6,801 |
| First Guaranty Bank | 400 East Thomas Street, 400 Guaranty Square Hammond, LA 70401 | Full Service B&M | $469,493 |
| First Guaranty Bank | 401 North 2nd Street Homer, LA 71040 | Full Service B&M | $55,534 |
| First Guaranty Bank | 4221 Airline Drive Bossier City, LA 71111 | Full Service B&M | $13,629 |
| First Guaranty Bank | 455 West Railroad Avenue Independence, LA 70443 | Full Service B&M | $28,873 |
| First Guaranty Bank | 500 North Cary Avenue Jennings, LA 70546 | Full Service B&M | $34,014 |
| First Guaranty Bank | 500 West Pine Street Ponchatoula, LA 70454 | Full Service B&M | $88,415 |
| First Guaranty Bank | 603 West Main Street, Suite 101 Garland, TX 75040 | Full Service B&M | $51,604 |
| First Guaranty Bank | 6151 Hwy 10 Greensburg, LA 70441 | Full Service B&M | $48,674 |
| First Guaranty Bank | 723 Ave G Kentwood, LA 70444 | Limited, Drive-thru | $2,706 |
| First Guaranty Bank | 7600 Woodway Drive Waco, TX 76712 | Full Service B&M | $43,564 |
| First Guaranty Bank | 799 West Summers Drive Abbeville, LA 70510 | Full Service B&M | $143,062 |
| First Guaranty Bank | 8951 Synergy Dr., Suite 100 Mckinney, TX 75070 | Full Service B&M | $25,050 |
For 2019, First Guaranty Bank had 26 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $91,412 |
| Net interest income | $63,234 |
| Total noninterest income | $8,166 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $2,988 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,178 |
| Pre-tax net operating income | $20,586 |
| Securities gains (or losses, -) | $-352 |
| Income before extraordinary items | $16,083 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $16,083 |
| Minority interest net income | $0 |
| Net income | $16,083 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $16,361 |
First Guaranty Bank's gross interest income from loans was $91,412,000.
First Guaranty Bank's net interest income from loans was $63,234,000.
First Guaranty Bank's fee based income from loans was $2,988,000.
First Guaranty Bank's net income from loans was $16,083,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $28,178 |
| Provision for credit losses | $4,860 |
| Total noninterest expense | $45,954 |
| Salaries and employee benefits | $24,700 |
| Premises and equipment expense | $6,048 |
| Additional noninterest expense | $15,206 |
| Applicable income taxes | $4,151 |
| Net charge-offs | $4,707 |
| Cash dividends | $13,982 |
First Guaranty Bank's interest expense for loans was $28,178,000.
First Guaranty Bank's payroll and benefits expense were $24,700,000.
First Guaranty Bank's property, plant and equipment expenses $6,048,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 1.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 13.0% |
| 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 | $1,853,655 |
| Deposits held in domestic offices | $1,853,655 |
| Deposits by Individuals, partnerships, and corporations | $1,241,585 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $610,531 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,539 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $149,329 |
| Demand deposits | $110,859 |
| Nontransaction accounts | $1,704,326 |
| Money market deposit accounts (MMDAs) | $807,058 |
| Other savings deposits (excluding MMDAs) | $141,241 |
| Total time deposits | $756,027 |
| Total time and savings deposits | $1,742,796 |
| Noninterest-bearing deposits | $326,530 |
| Interest-bearing deposits | $1,527,125 |
| Retail deposits | $1,558,951 |
| IRAs and Keogh plan accounts | $65,152 |
| Brokered deposits | $4,384 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,113,006 |
| Cash & Balances due from depository institutions | $66,512 |
| Interest-bearing balances | $53,855 |
| Total securities | $427,013 |
| Federal funds sold & reverse repurchase | $914 |
| Net loans and leases | $1,514,561 |
| Loan and leases loss allowance | $10,929 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $56,351 |
| Other real estate owned | $4,879 |
| Goodwill and other intangibles | $20,107 |
| All other assets | $22,669 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,113,006 |
| Total Liabilities | $1,888,330 |
| Total deposits | $1,853,655 |
| Interest-bearing deposits | $1,527,125 |
| Deposits held in domestic offices | $1,853,655 |
| % insured (estimated) | $64 |
| Federal funds purchased and repurchase agreements | $6,840 |
| Trading liabilities | $0 |
| Other borrowed funds | $16,604 |
| Subordinated debt | $0 |
| All other liabilities | $11,231 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,514,561 |
| Loan and leases loss allowance | $10,929 |
| Total loans and leases (domestic) | $1,525,490 |
| All real estate loans | $1,125,132 |
| Real estate loans in domestic offices | $1,125,132 |
| Construction and development loans | $172,247 |
| Residential 1-4 family construction | $8,618 |
| Other construction, all land development and other land | $163,629 |
| Loans secured by nonfarm nonresidential properties | $616,536 |
| Nonfarm nonresidential secured by owner-occupied properties | $258,397 |
| Commercial real estate & other non-farm, non-residential | $358,139 |
| Multifamily residential real estate | $23,973 |
| 1-4 family residential loans | $289,635 |
| Farmland loans | $22,741 |
| Loans held in foreign offices | $0 |
| Farm loans | $26,710 |
| Commercial and industrial loans | $268,256 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $30,588 |
| Credit card loans | $2,030 |
| Related Plans | $42 |
| Consumer Auto Loans | $4,954 |
| Other loans to individuals | $23,562 |
| All other loans & leases | $78,280 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $6,726 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $2,252 |
| 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 |
First Guaranty Bank had $1,514,561,000 of loans outstanding in 2019. $1,125,132,000 of loans were in real estate loans. $172,247,000 of loans were in development loans. $23,973,000 of loans were in multifamily mortgage loans. $289,635,000 of loans were in 1-4 family mortgage loans. $26,710,000 of loans were in farm loans. $2,030,000 of loans were in credit card loans. $4,954,000 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 | 610 | $117,887 | $193,257 |
| Nonfarm, nonresidential loans - <$100k | 228 | $10,069 | $44,162 |
| Nonfarm, nonresidential loans - $100-250k | 143 | $19,780 | $138,322 |
| Nonfarm, nonresidential loans - $250k-1MM | 239 | $88,038 | $368,360 |
| Commercial & Industrial, US addressed loans - <$1MM | 883 | $56,288 | $63,746 |
| Commercial & Industrial, US addressed loans - <$100k | 700 | $17,203 | $24,576 |
| Commercial & Industrial, US addressed loans - $100-250k | 99 | $11,534 | $116,505 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 84 | $27,551 | $327,988 |
| Farmland loans - <$1MM | 96 | $11,547 | $120,281 |
| Farmland loans - <$100k | 54 | $2,782 | $51,519 |
| Farmland loans - $100-250k | 25 | $3,575 | $143,000 |
| Farmland loans - $250k-1MM | 17 | $5,190 | $305,294 |
| Agriculture operations loans - <$1MM | 295 | $21,114 | $71,573 |
| Agriculture operations loans - <$100k | 205 | $6,924 | $33,776 |
| Agriculture operations loans - $100-250k | 54 | $5,522 | $102,259 |
| Agriculture operations loans - $250k-1MM | 36 | $8,668 | $240,778 |