First Bank And Trust Mortgage Rates, Fees & Info
New Orleans, LALEI: 549300J59XY2XA4OSM90
Tax ID: 72-1189233
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Mortgage Data
Bank Data
Review & Overview
First Bank And Trust is a smaller bank specializing in Home Purchase and Refi loans. First Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Crestview, Hammond, Baton Rouge, and Panama City among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)First Bank And Trust has an above 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
96Origination Dollar Volume (All Markets)
$35,040,000Employee count
181Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 24 | $11,470,000 | $477,917 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 29 | $11,075,000 | $381,897 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 23 | $9,095,000 | $395,435 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 7 | $1,375,000 | $196,429 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 6 | $380,000 | $63,333 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 96 | $35,040,000 | $365,000 | $0 | 0.00% |
For 2018, First Bank And Trust's most frequently originated type of loan was Conventional, with 96 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 73 | $26,515,000 | $363,219 | $0 | 0.00% |
| Refi | 20 | $8,250,000 | $412,500 | $0 | 0.00% |
| Home Improvement | 3 | $275,000 | $91,667 | $0 | 0.00% |
For 2018, First Bank And Trust's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 96 | $35,040,000 | $365,000 | $0 | 0.00% |
For 2018, First Bank And Trust's most frequently cited loan duration was Other, with 96 originations.
Loan Sizing
2018 saw First Bank And Trust place emphasis on $100k-200k loans with 30 originations, totaling $4,360,000 in origination value.
Applicant Income
First Bank And Trust lent most frequently to those with incomes in the $150k-250k range, with 19 originations. The second most popular income band? $250k+, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 96 | $35,040,000 | $365,000 | $0 | 0.00% |
First Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 96 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.58%
First Bank And Trust has an average approval rate.
Pick Rate
Approvals leading to origination69.79%
First Bank And Trust 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 |
|---|---|---|---|
| Exempt | 96 | $35,040,000 | $365,000 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 3 | 21.4% |
| FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 5 | 35.7% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 7.1% |
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 | $42,619 |
| First Bank and Trust | 1201 Camellia Boulevard Lafayette, LA 70508 | Full Service B&M | $27,713 |
| First Bank and Trust | 1320 South Morrison Boulevard Hammond, LA 70403 | Full Service B&M | $45,848 |
| First Bank and Trust | 201 West Oak Street Amite, LA 70422 | Full Service B&M | $39,210 |
| First Bank and Trust | 2077 Gause Blvd E Slidell, LA 70461 | Full Service B&M | $20,797 |
| First Bank and Trust | 244 Eisenhower Drive Biloxi, MS 39531 | Full Service B&M | $15,973 |
| First Bank and Trust | 2800 Manhattan Boulevard, Suite C Harvey, LA 70058 | Full Service B&M | $111,406 |
| First Bank and Trust | 31579 Highway 22 Springfield, LA 70462 | Full Service Retail | $12,519 |
| First Bank and Trust | 3929 Veterans Memorial Boulevard Metairie, LA 70002 | Full Service B&M | $87,468 |
| First Bank and Trust | 4550 General Degaulle Drive New Orleans, LA 70131 | Full Service B&M | $47,310 |
| First Bank and Trust | 458 Metairie Road Metairie, LA 70005 | Full Service B&M | $41,001 |
| First Bank and Trust | 495 Grand Boulevard, Suite 270 Miramar Beach, FL 32550 | Full Service B&M | $1,344 |
| First Bank and Trust | 8383 Jefferson Highway Baton Rouge, LA 70809 | Full Service B&M | $27,031 |
| First Bank and Trust | 909 Poydras Street, Suite 100 New Orleans, LA 70112 | Full Service B&M | $298,343 |
For 2018, First Bank And Trust had 14 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $48,424 |
| Net interest income | $40,399 |
| Total noninterest income | $8,727 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,868 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $6,859 |
| Pre-tax net operating income | $16,179 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $16,179 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $16,179 |
| Minority interest net income | $0 |
| Net income | $16,179 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $16,179 |
First Bank And Trust's gross interest income from loans was $48,424,000.
First Bank And Trust's net interest income from loans was $40,399,000.
First Bank And Trust's fee based income from loans was $1,868,000.
First Bank And Trust's net income from loans was $16,179,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $8,025 |
| Provision for credit losses | $300 |
| Total noninterest expense | $32,647 |
| Salaries and employee benefits | $18,895 |
| Premises and equipment expense | $3,933 |
| Additional noninterest expense | $9,819 |
| Applicable income taxes | $0 |
| Net charge-offs | $181 |
| Cash dividends | $9,345 |
First Bank And Trust's interest expense for loans was $8,025,000.
First Bank And Trust's payroll and benefits expense were $18,895,000.
First Bank And Trust's property, plant and equipment expenses $3,933,000.
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 | 2.0% |
| 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 | $801,684 |
| Deposits held in domestic offices | $801,684 |
| Deposits by Individuals, partnerships, and corporations | $714,127 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $43,171 |
| Deposits by Commercial banks and other depository institutions in U.S. | $44,385 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $63,794 |
| Demand deposits | $41,797 |
| Nontransaction accounts | $737,889 |
| Money market deposit accounts (MMDAs) | $201,352 |
| Other savings deposits (excluding MMDAs) | $254,346 |
| Total time deposits | $282,192 |
| Total time and savings deposits | $759,886 |
| Noninterest-bearing deposits | $175,042 |
| Interest-bearing deposits | $626,642 |
| Retail deposits | $750,612 |
| IRAs and Keogh plan accounts | $18,815 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $923,767 |
| Cash & Balances due from depository institutions | $57,258 |
| Interest-bearing balances | $48,275 |
| Total securities | $22,977 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $809,802 |
| Loan and leases loss allowance | $7,377 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $17,663 |
| Other real estate owned | $4,465 |
| Goodwill and other intangibles | $0 |
| All other assets | $11,602 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $923,767 |
| Total Liabilities | $829,581 |
| Total deposits | $801,684 |
| Interest-bearing deposits | $626,642 |
| Deposits held in domestic offices | $801,684 |
| % insured (estimated) | $70 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $25,069 |
| Subordinated debt | $0 |
| All other liabilities | $2,828 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $809,802 |
| Loan and leases loss allowance | $7,377 |
| Total loans and leases (domestic) | $817,179 |
| All real estate loans | $703,438 |
| Real estate loans in domestic offices | $703,438 |
| Construction and development loans | $114,756 |
| Residential 1-4 family construction | $64,479 |
| Other construction, all land development and other land | $50,277 |
| Loans secured by nonfarm nonresidential properties | $351,060 |
| Nonfarm nonresidential secured by owner-occupied properties | $128,585 |
| Commercial real estate & other non-farm, non-residential | $222,475 |
| Multifamily residential real estate | $58,462 |
| 1-4 family residential loans | $178,407 |
| Farmland loans | $753 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $92,046 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $19,045 |
| Credit card loans | $1,376 |
| Related Plans | $15 |
| Consumer Auto Loans | $208 |
| Other loans to individuals | $17,446 |
| All other loans & leases | $2,650 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $2,650 |
| 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 | $189 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
First Bank and Trust had $809,802,000 of loans outstanding in 2018. $703,438,000 of loans were in real estate loans. $114,756,000 of loans were in development loans. $58,462,000 of loans were in multifamily mortgage loans. $178,407,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $1,376,000 of loans were in credit card loans. $208,000 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 | 372 | $102,458 | $275,425 |
| Nonfarm, nonresidential loans - <$100k | 62 | $2,706 | $43,645 |
| Nonfarm, nonresidential loans - $100-250k | 98 | $12,117 | $123,643 |
| Nonfarm, nonresidential loans - $250k-1MM | 212 | $87,635 | $413,373 |
| Commercial & Industrial, US addressed loans - <$1MM | 368 | $31,884 | $86,641 |
| Commercial & Industrial, US addressed loans - <$100k | 252 | $7,145 | $28,353 |
| Commercial & Industrial, US addressed loans - $100-250k | 62 | $7,161 | $115,500 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 54 | $17,578 | $325,519 |
| Farmland loans - <$1MM | 11 | $753 | $68,455 |
| Farmland loans - <$100k | 8 | $191 | $23,875 |
| Farmland loans - $100-250k | 2 | $96 | $48,000 |
| Farmland loans - $250k-1MM | 1 | $466 | $466,000 |