Fifth District Savings Bank Mortgage Rates, Fees & Info

New Orleans, LA

LEI: 549300JXWG67QZF4I652

Tax ID: 72-0184630

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New Orleans, Baton Rouge, and Hammond 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

    237

    Origination Dollar Volume (All Markets)

    $71,645,000

    Employee count

    70

    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) 235 $71,035,000 $302,277 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Fifth District Savings Bank's top markets include New Orleans, Baton Rouge, and Hammond among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 236 $71,260,000 $301,949 $0 0.00%
    FHA 1 $385,000 $385,000 $0 0.00%

    For 2021, Fifth District Savings Bank's most frequently originated type of loan was Conventional, with 236 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 123 $28,915,000 $235,081 $0 0.00%
    Home Purchase 102 $41,390,000 $405,784 $0 0.00%
    Other 8 $1,070,000 $133,750 $0 0.00%
    Home Improvement 4 $270,000 $67,500 $0 0.00%

    For 2021, Fifth District Savings Bank's most frequently cited loan purpose was Refi, with 123 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 237 $71,645,000 $302,300 $0 0.00%

    For 2021, Fifth District Savings Bank's most frequently cited loan duration was Other, with 237 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 80 $23,310,000 $291,375 $0 0.00%
    $100k-200k 63 $9,465,000 $150,238 $0 0.00%
    $400k-600k 43 $21,025,000 $488,953 $0 0.00%
    $100,000 or less 30 $2,080,000 $69,333 $0 0.00%
    $600k-1MM 20 $14,760,000 $738,000 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%

    2021 saw Fifth District Savings Bank place emphasis on $200k-400k loans with 80 originations, totaling $23,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 62 $23,900,000 $385,484 $0 0.00%
    $100k-150k 60 $17,990,000 $299,833 $0 0.00%
    $50k-75k 32 $5,520,000 $172,500 $0 0.00%
    $250k+ 30 $15,760,000 $525,333 $0 0.00%
    $75k-100k 29 $6,105,000 $210,517 $0 0.00%
    $50k or less 20 $1,760,000 $88,000 $0 0.00%

    Fifth District Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 62 originations. The second most popular income band? $100k-150k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 237 $71,645,000 $302,300 $0 0.00%

    Fifth District Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 237 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 191 $54,125,000 $283,377 $0 0.00%
    Not provided 20 $9,480,000 $474,000 $0 0.00%
    Black 18 $5,170,000 $287,222 $0 0.00%
    Asian 8 $2,870,000 $358,750 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.14%

    Fifth District Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.03%

    Fifth District Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 237 $71,645,000 $302,300

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    237 $71,645,000 $302,300

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 34 13.2%
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 17 6.6%
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Incorrect information on your report 11 4.3%
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 18 7.0%
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 115 44.6%
    FIFTH THIRD FINANCIAL CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 1.2%
    FIFTH THIRD FINANCIAL CORPORATION FHA mortgage Closing on a mortgage 3 1.2%
    FIFTH THIRD FINANCIAL CORPORATION FHA mortgage Incorrect information on your report 1 0.4%
    FIFTH THIRD FINANCIAL CORPORATION FHA mortgage Struggling to pay mortgage 3 1.2%
    FIFTH THIRD FINANCIAL CORPORATION FHA mortgage Trouble during payment process 12 4.7%
    FIFTH THIRD FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 7 2.7%
    FIFTH THIRD FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Closing on a mortgage 1 0.4%
    FIFTH THIRD FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 10 3.9%
    FIFTH THIRD FINANCIAL CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 3 1.2%
    FIFTH THIRD FINANCIAL CORPORATION Other type of mortgage Closing on a mortgage 3 1.2%
    FIFTH THIRD FINANCIAL CORPORATION Other type of mortgage Improper use of your report 1 0.4%
    FIFTH THIRD FINANCIAL CORPORATION Other type of mortgage Incorrect information on your report 3 1.2%
    FIFTH THIRD FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 2 0.8%
    FIFTH THIRD FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 6 2.3%
    FIFTH THIRD FINANCIAL CORPORATION VA mortgage Struggling to pay mortgage 2 0.8%
    FIFTH THIRD FINANCIAL CORPORATION VA mortgage Trouble during payment process 3 1.2%

    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 $43,154
    Fifth District Savings Bank 2476 Barataria Boulevard Marrero, LA 70072 Full Service B&M $50,244
    Fifth District Savings Bank 4000 General Degaulle Dr New Orleans, LA 70114 Full Service B&M $135,381
    Fifth District Savings Bank 425 Harrison Avenue, Suite 1100 New Orleans, LA 70124 Full Service B&M $763
    Fifth District Savings Bank 4526 West Esplanade Ave Metairie, LA 70006 Full Service B&M $38,208
    Fifth District Savings Bank 4800 Tenth Street Marrero, LA 70072 Full Service B&M $75,081
    Fifth District Savings Bank 69285 Hwy 21 Covington, LA 70433 Full Service B&M $24,441

    For 2021, Fifth District Savings Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,399
    Net interest income $11,347
    Total noninterest income $771
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $156
    Trading account gains and fees $0
    Additional Noninterest Income $615
    Pre-tax net operating income $2,287
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,849
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,849
    Minority interest net income $0
    Net income $1,849
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,849

    Fifth District Savings Bank's gross interest income from loans was $13,399,000.
    Fifth District Savings Bank's net interest income from loans was $11,347,000.
    Fifth District Savings Bank's fee based income from loans was $156,000.
    Fifth District Savings Bank's net income from loans was $1,849,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,052
    Provision for credit losses $0
    Total noninterest expense $9,831
    Salaries and employee benefits $5,552
    Premises and equipment expense $1,210
    Additional noninterest expense $3,069
    Applicable income taxes $438
    Net charge-offs $46
    Cash dividends $0

    Fifth District Savings Bank's interest expense for loans was $2,052,000.
    Fifth District Savings Bank's payroll and benefits expense were $5,552,000.
    Fifth District Savings Bank's property, plant and equipment expenses $1,210,000.

    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 $374,891
    Deposits held in domestic offices $374,891
    Deposits by Individuals, partnerships, and corporations $374,647
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $244
    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 $60,756
    Demand deposits $10,251
    Nontransaction accounts $314,135
    Money market deposit accounts (MMDAs) $45,436
    Other savings deposits (excluding MMDAs) $110,865
    Total time deposits $157,834
    Total time and savings deposits $364,640
    Noninterest-bearing deposits $7,536
    Interest-bearing deposits $367,355
    Retail deposits $357,432
    IRAs and Keogh plan accounts $46,626
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $460,047
    Cash & Balances due from depository institutions $24,819
    Interest-bearing balances $21,150
    Total securities $87,597
    Federal funds sold & reverse repurchase $0
    Net loans and leases $324,251
    Loan and leases loss allowance $3,249
    Trading account assets $0
    Bank premises and fixed assets $10,580
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $12,800

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $460,047
    Total Liabilities $378,607
    Total deposits $374,891
    Interest-bearing deposits $367,355
    Deposits held in domestic offices $374,891
    % insured (estimated) $95
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,716

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $324,251
    Loan and leases loss allowance $3,249
    Total loans and leases (domestic) $327,500
    All real estate loans $326,461
    Real estate loans in domestic offices $326,461
    Construction and development loans $16,593
    Residential 1-4 family construction $14,382
    Other construction, all land development and other land $2,211
    Loans secured by nonfarm nonresidential properties $190
    Nonfarm nonresidential secured by owner-occupied properties $190
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $309,678
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $174
    To non-U.S. addressees $0
    Loans to individuals $915
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $915
    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 $211
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Fifth District Savings Bank had $324,251,000 of loans outstanding in 2021. $326,461,000 of loans were in real estate loans. $16,593,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $309,678,000 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 $189 $94,500
    Nonfarm, nonresidential loans - $100-250k 1 $134 $134,000
    Nonfarm, nonresidential loans - $250k-1MM 1 $55 $55,000
    Commercial & Industrial, US addressed loans - <$1MM 12 $174 $14,500
    Commercial & Industrial, US addressed loans - <$100k 12 $174 $14,500