Fifth District Savings Bank Mortgage Rates, Fees & Info

New Orleans, LA

LEI: 549300JXWG67QZF4I652

Tax ID: 72-0184630

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Fifth District Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Fifth District Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Hammond, and Baton Rouge among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fifth District Savings Bank 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    243

    Origination Dollar Volume (All Markets)

    $67,275,000

    Employee count

    71

    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
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 241 $67,075,000 $278,320 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Fifth District Savings Bank's top markets include New Orleans, Hammond, and Baton Rouge among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 243 $67,275,000 $276,852 $0 0.00%

    For 2020, Fifth District Savings Bank's most frequently originated type of loan was Conventional, with 243 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 135 $31,835,000 $235,815 $0 0.00%
    Home Purchase 102 $34,570,000 $338,922 $0 0.00%
    Other 4 $620,000 $155,000 $0 0.00%
    Home Improvement 2 $250,000 $125,000 $0 0.00%

    For 2020, Fifth District Savings Bank's most frequently cited loan purpose was Refi, with 135 originations. The 2nd most popular reason was Home Purchase, with 102 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 243 $67,275,000 $276,852 $0 0.00%

    For 2020, Fifth District Savings Bank's most frequently cited loan duration was Other, with 243 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 83 $23,525,000 $283,434 $0 0.00%
    $100k-200k 81 $12,215,000 $150,802 $0 0.00%
    $400k-600k 36 $17,090,000 $474,722 $0 0.00%
    $100,000 or less 26 $1,970,000 $75,769 $0 0.00%
    $600k-1MM 14 $9,460,000 $675,714 $0 0.00%
    $1MM+ 3 $3,015,000 $1,005,000 $0 0.00%

    2020 saw Fifth District Savings Bank place emphasis on $200k-400k loans with 83 originations, totaling $23,525,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 66 $15,700,000 $237,879 $0 0.00%
    $150k-250k 56 $19,280,000 $344,286 $0 0.00%
    $250k+ 42 $18,320,000 $436,190 $0 0.00%
    $75k-100k 34 $7,030,000 $206,765 $0 0.00%
    $50k-75k 33 $5,445,000 $165,000 $0 0.00%
    $50k or less 11 $1,305,000 $118,636 $0 0.00%

    Fifth District Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 66 originations. The second most popular income band? $150k-250k, with 56 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 243 $67,275,000 $276,852 $0 0.00%

    Fifth District Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 243 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 206 $56,020,000 $271,942 $0 0.00%
    Not provided 14 $5,720,000 $408,571 $0 0.00%
    Asian 12 $2,670,000 $222,500 $0 0.00%
    Black 9 $2,475,000 $275,000 $0 0.00%
    Native Hawaiian or Islander 1 $225,000 $225,000 $0 0.00%
    American Indian 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.38%

    Fifth District Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.24%

    Fifth District Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 243 $67,275,000 $276,852

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 243 $67,275,000 $276,852

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 27 11.2%
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 19 7.9%
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Credit monitoring or identity theft protection services 1 0.4%
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Incorrect information on your report 11 4.6%
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 2 0.8%
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 19 7.9%
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 102 42.3%
    FIFTH THIRD FINANCIAL CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.4%
    FIFTH THIRD FINANCIAL CORPORATION FHA mortgage Closing on a mortgage 2 0.8%
    FIFTH THIRD FINANCIAL CORPORATION FHA mortgage Incorrect information on your report 1 0.4%
    FIFTH THIRD FINANCIAL CORPORATION FHA mortgage Struggling to pay mortgage 4 1.7%
    FIFTH THIRD FINANCIAL CORPORATION FHA mortgage Trouble during payment process 9 3.7%
    FIFTH THIRD FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 1.7%
    FIFTH THIRD FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 0.8%
    FIFTH THIRD FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 6 2.5%
    FIFTH THIRD FINANCIAL CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 11 4.6%
    FIFTH THIRD FINANCIAL CORPORATION Other type of mortgage Closing on a mortgage 1 0.4%
    FIFTH THIRD FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 3 1.2%
    FIFTH THIRD FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 6 2.5%
    FIFTH THIRD FINANCIAL CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.4%
    FIFTH THIRD FINANCIAL CORPORATION VA mortgage Struggling to pay mortgage 1 0.4%
    FIFTH THIRD FINANCIAL CORPORATION VA mortgage Trouble during payment process 8 3.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Fifth District Savings Bank 1317 Westbank Expressway Westwego, LA 70094 Full Service B&M $40,237
    Fifth District Savings Bank 2476 Barataria Boulevard Marrero, LA 70072 Full Service B&M $47,636
    Fifth District Savings Bank 4000 General Degaulle Dr New Orleans, LA 70114 Full Service B&M $130,932
    Fifth District Savings Bank 425 Harrison Avenue, Suite 1100 New Orleans, LA 70124 Full Service B&M $51
    Fifth District Savings Bank 4526 West Esplanade Ave Metairie, LA 70006 Full Service B&M $44,973
    Fifth District Savings Bank 4800 Tenth Street Marrero, LA 70072 Full Service B&M $72,562
    Fifth District Savings Bank 69285 Hwy 21 Covington, LA 70433 Full Service B&M $28,110

    For 2020, Fifth District Savings Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,420
    Net interest income $11,576
    Total noninterest income $1,676
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $156
    Trading account gains and fees $0
    Additional Noninterest Income $1,520
    Pre-tax net operating income $2,514
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,019
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,019
    Minority interest net income $0
    Net income $2,019
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,019

    Fifth District Savings Bank's gross interest income from loans was $15,420,000.
    Fifth District Savings Bank's net interest income from loans was $11,576,000.
    Fifth District Savings Bank's fee based income from loans was $156,000.
    Fifth District Savings Bank's net income from loans was $2,019,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,844
    Provision for credit losses $1,000
    Total noninterest expense $9,738
    Salaries and employee benefits $5,490
    Premises and equipment expense $1,193
    Additional noninterest expense $3,055
    Applicable income taxes $495
    Net charge-offs $14
    Cash dividends $0

    Fifth District Savings Bank's interest expense for loans was $3,844,000.
    Fifth District Savings Bank's payroll and benefits expense were $5,490,000.
    Fifth District Savings Bank's property, plant and equipment expenses $1,193,000.

    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 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $368,012
    Deposits held in domestic offices $368,012
    Deposits by Individuals, partnerships, and corporations $367,764
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $248
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $48,713
    Demand deposits $7,151
    Nontransaction accounts $319,299
    Money market deposit accounts (MMDAs) $35,075
    Other savings deposits (excluding MMDAs) $92,352
    Total time deposits $191,872
    Total time and savings deposits $360,861
    Noninterest-bearing deposits $5,290
    Interest-bearing deposits $362,722
    Retail deposits $344,811
    IRAs and Keogh plan accounts $46,827
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $452,796
    Cash & Balances due from depository institutions $45,163
    Interest-bearing balances $41,705
    Total securities $69,443
    Federal funds sold & reverse repurchase $0
    Net loans and leases $318,118
    Loan and leases loss allowance $3,295
    Trading account assets $0
    Bank premises and fixed assets $10,702
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $9,370

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $452,796
    Total Liabilities $371,708
    Total deposits $368,012
    Interest-bearing deposits $362,722
    Deposits held in domestic offices $368,012
    % insured (estimated) $96
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,696

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $318,118
    Loan and leases loss allowance $3,295
    Total loans and leases (domestic) $321,413
    All real estate loans $316,098
    Real estate loans in domestic offices $316,098
    Construction and development loans $15,946
    Residential 1-4 family construction $13,616
    Other construction, all land development and other land $2,330
    Loans secured by nonfarm nonresidential properties $232
    Nonfarm nonresidential secured by owner-occupied properties $232
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $299,920
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $4,322
    To non-U.S. addressees $0
    Loans to individuals $1,000
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $1,000
    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 $369
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Fifth District Savings Bank had $318,118,000 of loans outstanding in 2020. $316,098,000 of loans were in real estate loans. $15,946,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $299,920,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 2 $232 $116,000
    Nonfarm, nonresidential loans - $100-250k 1 $147 $147,000
    Nonfarm, nonresidential loans - $250k-1MM 1 $85 $85,000
    Commercial & Industrial, US addressed loans - <$1MM 78 $3,041 $38,987
    Commercial & Industrial, US addressed loans - <$100k 70 $1,371 $19,586
    Commercial & Industrial, US addressed loans - $100-250k 5 $742 $148,400
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $928 $309,333