First Bank And Trust Mortgage Rates, Fees & Info

New Orleans, LA

LEI: 549300J59XY2XA4OSM90

Tax ID: 72-1189233

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First Bank And Trust is a smaller bank specializing in Home Purchase loans. First Bank And Trust has a high proportion of conventional loans. Their top markets include Crestview, New Orleans, Hammond, Gulfport, and Baton Rouge among others. First Bank And Trust has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

500

Origination Dollar Volume (All Markets)

$147,020,000

Employee count

203

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 308 $74,190,000 $240,877 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 120 $44,430,000 $370,250 $0 0.00%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 32 $13,660,000 $426,875 $0 0.00%
HAMMOND, LA (FHA|USDA|VA) 23 $9,755,000 $424,130 $0 0.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 9 $1,965,000 $218,333 $0 0.00%
BATON ROUGE, LA (FHA|USDA|VA) 6 $1,910,000 $318,333 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $945,000 $945,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%

First Bank And Trust's top markets include Crestview, New Orleans, Hammond, Gulfport, and Baton Rouge among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 500 $147,020,000 $294,040 $0 0.00%

For the 2021 period, First Bank And Trust's most frequently originated loan type of loans were Conventional, with 500 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 425 $119,335,000 $280,788 $0 0.00%
Refi 72 $27,390,000 $380,417 $0 0.00%
Home Improvement 3 $295,000 $98,333 $0 0.00%

For the 2021, First Bank And Trust's most frequently cited loan purpose of loans were Home Purchase, with 425 originations. The 2nd most popular reason of loans were Refi, with 72 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 500 $147,020,000 $294,040 $0 0.00%

For the 2021, First Bank And Trust's most frequently cited loan length of loans were Other, with 500 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 229 $61,955,000 $270,546 $0 0.00%
$100k-200k 157 $24,095,000 $153,471 $0 0.00%
$400k-600k 55 $25,905,000 $471,000 $0 0.00%
$100,000 or less 28 $2,030,000 $72,500 $0 0.00%
$600k-1MM 18 $13,650,000 $758,333 $0 0.00%
$1MM+ 13 $19,385,000 $1,491,154 $0 0.00%

2021 saw First Bank And Trust place emphasis on $200k-400k loans with 229 originations, totaling $61,955,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 113 $30,745,000 $272,080 $0 0.00%
$250k+ 81 $31,995,000 $395,000 $0 0.00%
$100k-150k 69 $14,545,000 $210,797 $0 0.00%
$50k-75k 36 $6,240,000 $173,333 $0 0.00%
$75k-100k 30 $5,500,000 $183,333 $0 0.00%
$50k or less 11 $1,495,000 $135,909 $0 0.00%

First Bank And Trust lent most frequently to those with incomes in the $150k-250k range, with 113 originations. The second most popular income band? $250k+, with 81 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 500 $147,020,000 $294,040 $0 0.00%

First Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 500 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 152 $53,590,000 $352,566 $0 0.00%
White 179 $47,155,000 $263,436 $0 0.00%
Not provided 166 $45,150,000 $271,988 $0 0.00%
Black 1 $705,000 $705,000 $0 0.00%
Asian 2 $420,000 $210,000 $0 0.00%

Approval Rates

Total approvals of all applications
96.09%

First Bank And Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
84.56%

First Bank And Trust has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 500 $147,020,000 $294,040

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
500 $147,020,000 $294,040

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST UNITED BANK AND TRUST COMPANY Conventional home mortgage Closing on a mortgage 1 100.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First Bank and Trust 118 Lake Drive Covington, LA 70433 Full Service B&M $109,441
First Bank and Trust 1320 South Morrison Boulevard Hammond, LA 70403 Full Service B&M $97,621
First Bank and Trust 201 West Oak Street Amite, LA 70422 Full Service B&M $53,884
First Bank and Trust 2077 Gause Blvd E Slidell, LA 70461 Full Service B&M $44,298
First Bank and Trust 244 Eisenhower Drive Biloxi, MS 39531 Full Service B&M $47,206
First Bank and Trust 2800 Manhattan Boulevard, Suite C Harvey, LA 70058 Full Service B&M $108,281
First Bank and Trust 31579 Highway 22 Springfield, LA 70462 Full Service Retail $20,987
First Bank and Trust 3929 Veterans Memorial Boulevard Metairie, LA 70002 Full Service B&M $130,752
First Bank and Trust 4550 General Degaulle Drive New Orleans, LA 70131 Full Service B&M $46,173
First Bank and Trust 458 Metairie Road Metairie, LA 70005 Full Service B&M $71,855
First Bank and Trust 495 Grand Boulevard, Suite 270 Miramar Beach, FL 32550 Full Service B&M $8,853
First Bank and Trust 603 Silverstone, Suite 102a Lafayette, LA 70508 Full Service B&M $22,752
First Bank and Trust 8383 Jefferson Highway Baton Rouge, LA 70809 Full Service B&M $41,015
First Bank and Trust 909 Poydras Street, Suite 100 New Orleans, LA 70112 Full Service B&M $356,114

For 2021, First Bank And Trust had 14 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $50,403
Net interest income $45,018
Total noninterest income $15,574
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,132
Trading account gains and fees $0
Additional Noninterest Income $14,442
Pre-tax net operating income $24,373
Securities gains (or losses, -) $948
Income before extraordinary items $25,321
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $25,321
Minority interest net income $0
Net income $25,321
Sale, conversion, retirement of capital stock, net $0
Net operating income $24,373

First Bank And Trust's gross interest income from loans was $50,403,000.
First Bank And Trust's net interest income from loans was $45,018,000.
First Bank And Trust's fee based income from loans was $1,132,000.
First Bank And Trust's net income from loans was $25,321,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $5,385
Provision for credit losses $0
Total noninterest expense $36,219
Salaries and employee benefits $21,671
Premises and equipment expense $3,588
Additional noninterest expense $10,960
Applicable income taxes $0
Net charge-offs $595
Cash dividends $11,761

First Bank And Trust's interest expense for loans was $5,385,000.
First Bank And Trust's payroll and benefits expense were $21,671,000.
First Bank And Trust's property, plant and equipment expenses $3,588,000.

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 1.0%
Credit card loans 0.0%
Other individual loans 2.0%
Auto loans 0.0%
Other consumer loans 2.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $1,149,877
Deposits held in domestic offices $1,149,877
Deposits by Individuals, partnerships, and corporations $1,022,938
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $81,195
Deposits by Commercial banks and other depository institutions in U.S. $45,744
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $138,711
Demand deposits $100,277
Nontransaction accounts $1,011,166
Money market deposit accounts (MMDAs) $282,424
Other savings deposits (excluding MMDAs) $439,312
Total time deposits $289,429
Total time and savings deposits $1,049,600
Noninterest-bearing deposits $386,089
Interest-bearing deposits $763,788
Retail deposits $1,083,661
IRAs and Keogh plan accounts $21,463
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,271,623
Cash & Balances due from depository institutions $203,234
Interest-bearing balances $187,103
Total securities $34,569
Federal funds sold & reverse repurchase $0
Net loans and leases $1,007,226
Loan and leases loss allowance $11,757
Trading account assets $0
Bank premises and fixed assets $16,817
Other real estate owned $2,911
Goodwill and other intangibles $0
All other assets $6,866

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,271,623
Total Liabilities $1,153,276
Total deposits $1,149,877
Interest-bearing deposits $763,788
Deposits held in domestic offices $1,149,877
% insured (estimated) $62
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $3,399

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,007,226
Loan and leases loss allowance $11,757
Total loans and leases (domestic) $1,018,983
All real estate loans $905,274
Real estate loans in domestic offices $905,274
Construction and development loans $123,660
Residential 1-4 family construction $88,439
Other construction, all land development and other land $35,221
Loans secured by nonfarm nonresidential properties $380,886
Nonfarm nonresidential secured by owner-occupied properties $136,375
Commercial real estate & other non-farm, non-residential $244,511
Multifamily residential real estate $62,156
1-4 family residential loans $338,039
Farmland loans $533
Loans held in foreign offices $0
Farm loans $43
Commercial and industrial loans $94,554
To non-U.S. addressees $0
Loans to individuals $19,111
Credit card loans $1,295
Related Plans $2
Consumer Auto Loans $291
Other loans to individuals $17,523
All other loans & leases $0
Loans to foreign governments and official institutions $0
Other loans $0
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 $175
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

First Bank and Trust had $1,007,226,000 of loans outstanding in 2021. $905,274,000 of loans were in real estate loans. $123,660,000 of loans were in development loans. $62,156,000 of loans were in multifamily mortgage loans. $338,039,000 of loans were in 1-4 family mortgage loans. $43,000 of loans were in farm loans. $1,295,000 of loans were in credit card loans. $291,000 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 342 $104,457 $305,430
Nonfarm, nonresidential loans - <$100k 54 $2,317 $42,907
Nonfarm, nonresidential loans - $100-250k 76 $10,188 $134,053
Nonfarm, nonresidential loans - $250k-1MM 212 $91,952 $433,736
Commercial & Industrial, US addressed loans - <$1MM 759 $50,929 $67,100
Commercial & Industrial, US addressed loans - <$100k 602 $12,977 $21,556
Commercial & Industrial, US addressed loans - $100-250k 86 $10,908 $126,837
Commercial & Industrial, US addressed loans - $250k-1MM 71 $27,044 $380,901
Farmland loans - <$1MM 6 $533 $88,833
Farmland loans - <$100k 4 $73 $18,250
Farmland loans - $100-250k 1 $31 $31,000
Farmland loans - $250k-1MM 1 $429 $429,000
Agriculture operations loans - <$1MM 1 $43 $43,000
Agriculture operations loans - <$100k 1 $43 $43,000