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: Crestview, New Orleans, Baton Rouge, Hammond, and Gulfport among others. We have data for 6 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
316Origination Dollar Volume (All Markets)
$90,680,000Employee count
203Top 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 | 134 | $30,640,000 | $228,657 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 96 | $29,670,000 | $309,063 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 52 | $18,400,000 | $353,846 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 11 | $5,095,000 | $463,182 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 16 | $4,660,000 | $291,250 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 7 | $2,215,000 | $316,429 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 316 | $90,680,000 | $286,962 | $0 | 0.00% |
For 2020, First Bank And Trust's most frequently originated type of loan was Conventional, with 316 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 245 | $63,055,000 | $257,367 | $0 | 0.00% |
| Refi | 71 | $27,625,000 | $389,085 | $0 | 0.00% |
For 2020, First Bank And Trust's most frequently cited loan purpose was Home Purchase, with 245 originations. The 2nd most popular reason was Refi, with 71 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 316 | $90,680,000 | $286,962 | $0 | 0.00% |
For 2020, First Bank And Trust's most frequently cited loan duration was Other, with 316 originations.
Loan Sizing
2020 saw First Bank And Trust place emphasis on $100k-200k loans with 125 originations, totaling $18,525,000 in origination value.
Applicant Income
First Bank And Trust lent most frequently to those with incomes in the $150k-250k range, with 67 originations. The second most popular income band? $100k-150k, with 52 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 316 | $90,680,000 | $286,962 | $0 | 0.00% |
First Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 316 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.13%
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 origination82.28%
First Bank And Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 316 | $90,680,000 | $286,962 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Conventional home mortgage | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Other type of mortgage | Closing on a mortgage | 2 | 13.3% |
| FIRST HORIZON BANK | Other type of mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 2 | 13.3% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 6.7% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 3 | 20.0% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |
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 | $82,091 |
| First Bank and Trust | 1320 South Morrison Boulevard Hammond, LA 70403 | Full Service B&M | $71,050 |
| First Bank and Trust | 201 West Oak Street Amite, LA 70422 | Full Service B&M | $50,244 |
| First Bank and Trust | 2077 Gause Blvd E Slidell, LA 70461 | Full Service B&M | $48,287 |
| First Bank and Trust | 244 Eisenhower Drive Biloxi, MS 39531 | Full Service B&M | $29,961 |
| First Bank and Trust | 2800 Manhattan Boulevard, Suite C Harvey, LA 70058 | Full Service B&M | $112,653 |
| First Bank and Trust | 31579 Highway 22 Springfield, LA 70462 | Full Service Retail | $15,948 |
| First Bank and Trust | 3929 Veterans Memorial Boulevard Metairie, LA 70002 | Full Service B&M | $138,206 |
| First Bank and Trust | 4550 General Degaulle Drive New Orleans, LA 70131 | Full Service B&M | $51,631 |
| First Bank and Trust | 458 Metairie Road Metairie, LA 70005 | Full Service B&M | $66,755 |
| First Bank and Trust | 495 Grand Boulevard, Suite 270 Miramar Beach, FL 32550 | Full Service B&M | $6,537 |
| First Bank and Trust | 603 Silverstone, Suite 102a Lafayette, LA 70508 | Full Service B&M | $26,509 |
| First Bank and Trust | 8383 Jefferson Highway Baton Rouge, LA 70809 | Full Service B&M | $39,224 |
| First Bank and Trust | 909 Poydras Street, Suite 100 New Orleans, LA 70112 | Full Service B&M | $284,033 |
For 2020, First Bank And Trust had 14 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $57,420 |
| Net interest income | $47,547 |
| Total noninterest income | $13,623 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,153 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $12,470 |
| Pre-tax net operating income | $18,278 |
| Securities gains (or losses, -) | $-11 |
| Income before extraordinary items | $18,267 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $18,267 |
| Minority interest net income | $0 |
| Net income | $18,267 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $18,278 |
First Bank And Trust's gross interest income from loans was $57,420,000.
First Bank And Trust's net interest income from loans was $47,547,000.
First Bank And Trust's fee based income from loans was $1,153,000.
First Bank And Trust's net income from loans was $18,267,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $9,873 |
| Provision for credit losses | $4,605 |
| Total noninterest expense | $38,287 |
| Salaries and employee benefits | $24,299 |
| Premises and equipment expense | $3,574 |
| Additional noninterest expense | $10,414 |
| Applicable income taxes | $0 |
| Net charge-offs | $4 |
| Cash dividends | $11,676 |
First Bank And Trust's interest expense for loans was $9,873,000.
First Bank And Trust's payroll and benefits expense were $24,299,000.
First Bank And Trust's property, plant and equipment expenses $3,574,000.
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 | 2.0% |
| 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 | 3.0% |
| Credit card loans | 0.0% |
| Other individual loans | 3.0% |
| Auto loans | 0.0% |
| Other consumer loans | 3.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $1,060,838 |
| Deposits held in domestic offices | $1,060,838 |
| Deposits by Individuals, partnerships, and corporations | $841,677 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $108,886 |
| Deposits by Commercial banks and other depository institutions in U.S. | $110,275 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $110,870 |
| Demand deposits | $62,205 |
| Nontransaction accounts | $949,968 |
| Money market deposit accounts (MMDAs) | $187,699 |
| Other savings deposits (excluding MMDAs) | $312,526 |
| Total time deposits | $449,742 |
| Total time and savings deposits | $998,633 |
| Noninterest-bearing deposits | $261,763 |
| Interest-bearing deposits | $799,075 |
| Retail deposits | $931,840 |
| IRAs and Keogh plan accounts | $22,408 |
| Brokered deposits | $50,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,172,581 |
| Cash & Balances due from depository institutions | $63,534 |
| Interest-bearing balances | $54,863 |
| Total securities | $60,500 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,015,751 |
| Loan and leases loss allowance | $12,352 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $17,037 |
| Other real estate owned | $7,199 |
| Goodwill and other intangibles | $0 |
| All other assets | $8,560 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,172,581 |
| Total Liabilities | $1,065,957 |
| Total deposits | $1,060,838 |
| Interest-bearing deposits | $799,075 |
| Deposits held in domestic offices | $1,060,838 |
| % insured (estimated) | $73 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $5,119 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,015,751 |
| Loan and leases loss allowance | $12,352 |
| Total loans and leases (domestic) | $1,028,103 |
| All real estate loans | $845,052 |
| Real estate loans in domestic offices | $845,052 |
| Construction and development loans | $120,105 |
| Residential 1-4 family construction | $75,466 |
| Other construction, all land development and other land | $44,639 |
| Loans secured by nonfarm nonresidential properties | $404,479 |
| Nonfarm nonresidential secured by owner-occupied properties | $138,233 |
| Commercial real estate & other non-farm, non-residential | $266,246 |
| Multifamily residential real estate | $64,974 |
| 1-4 family residential loans | $254,877 |
| Farmland loans | $617 |
| Loans held in foreign offices | $0 |
| Farm loans | $49 |
| Commercial and industrial loans | $160,304 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $21,213 |
| Credit card loans | $1,395 |
| Related Plans | $6 |
| Consumer Auto Loans | $396 |
| Other loans to individuals | $19,416 |
| All other loans & leases | $1,485 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,485 |
| 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 | $180 |
| Non 1-4 family restructured loans & leases | $180 |
| Total loans and leases (foreign) | $0 |
First Bank and Trust had $1,015,751,000 of loans outstanding in 2020. $845,052,000 of loans were in real estate loans. $120,105,000 of loans were in development loans. $64,974,000 of loans were in multifamily mortgage loans. $254,877,000 of loans were in 1-4 family mortgage loans. $49,000 of loans were in farm loans. $1,395,000 of loans were in credit card loans. $396,000 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 | 362 | $111,149 | $307,041 |
| Nonfarm, nonresidential loans - <$100k | 61 | $2,606 | $42,721 |
| Nonfarm, nonresidential loans - $100-250k | 78 | $10,848 | $139,077 |
| Nonfarm, nonresidential loans - $250k-1MM | 223 | $97,695 | $438,094 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,547 | $97,508 | $63,030 |
| Commercial & Industrial, US addressed loans - <$100k | 1,266 | $29,810 | $23,547 |
| Commercial & Industrial, US addressed loans - $100-250k | 162 | $21,978 | $135,667 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 119 | $45,720 | $384,202 |
| Farmland loans - <$1MM | 9 | $616 | $68,444 |
| Farmland loans - <$100k | 7 | $124 | $17,714 |
| Farmland loans - $100-250k | 1 | $46 | $46,000 |
| Farmland loans - $250k-1MM | 1 | $446 | $446,000 |
| Agriculture operations loans - <$1MM | 1 | $49 | $49,000 |
| Agriculture operations loans - <$100k | 1 | $49 | $49,000 |