Metairie Bank & Trust Company Mortgage Rates, Fees & Info

Metairie, LA

LEI: 549300K3SVNVK97FCP36

Tax ID: 72-0376293

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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

    Metairie Bank & Trust Company is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Metairie Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Hammond, Nashville, Pensacola, and Crestview among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Metairie Bank & Trust Company has an 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

    172

    Origination Dollar Volume (All Markets)

    $37,280,000

    Employee count

    126

    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) 161 $32,825,000 $203,882 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 6 $2,180,000 $363,333 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $1,335,000 $1,335,000 $0 0.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $535,000 $535,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Bogalusa, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Metairie Bank & Trust Company's top markets include New Orleans, Hammond, Nashville, Pensacola, and Crestview among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 172 $37,280,000 $216,744 $0 0.00%

    For 2018, Metairie Bank & Trust Company's most frequently originated type of loan was Conventional, with 172 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 58 $18,560,000 $320,000 $0 0.00%
    Cash Out Refi 42 $11,240,000 $267,619 $0 0.00%
    Other 29 $1,385,000 $47,759 $0 0.00%
    Refi 25 $5,095,000 $203,800 $0 0.00%
    Home Improvement 18 $1,000,000 $55,556 $0 0.00%

    For 2018, Metairie Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 58 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 172 $37,280,000 $216,744 $0 0.00%

    For 2018, Metairie Bank & Trust Company's most frequently cited loan duration was Other, with 172 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 75 $3,835,000 $51,133 $0 0.00%
    $100k-200k 43 $5,825,000 $135,465 $0 0.00%
    $200k-400k 28 $7,920,000 $282,857 $0 0.00%
    $400k-600k 13 $6,485,000 $498,846 $0 0.00%
    $600k-1MM 8 $5,650,000 $706,250 $0 0.00%
    $1MM+ 5 $7,565,000 $1,513,000 $0 0.00%

    2018 saw Metairie Bank & Trust Company place emphasis on $100,000 or less loans with 75 originations, totaling $3,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 32 $2,100,000 $65,625 $0 0.00%
    $50k-75k 28 $2,320,000 $82,857 $0 0.00%
    $100k-150k 23 $3,785,000 $164,565 $0 0.00%
    $75k-100k 20 $2,420,000 $121,000 $0 0.00%
    $150k-250k 17 $5,425,000 $319,118 $0 0.00%
    $250k+ 15 $10,045,000 $669,667 $0 0.00%

    Metairie Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $50k-75k, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 128 $25,920,000 $202,500 $0 0.00%
    Not applicable 31 $10,425,000 $336,290 $0 0.00%
    Black 8 $590,000 $73,750 $0 0.00%
    Not provided 3 $185,000 $61,667 $0 0.00%
    Asian 2 $160,000 $80,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.89%

    Metairie Bank & Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.84%

    Metairie Bank & Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 172 $37,280,000 $216,744

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $6,385,000 $709,444
    Single Family (1-4 Units):Site-Built 163 $30,895,000 $189,540

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Metropolitan Title, LLC Other type of mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Metairie Bank & Trust Company 1000 S. Tyler Street Covington, LA 70433 Full Service B&M $3,345
    Metairie Bank & Trust Company 3344 Metairie Road Metairie, LA 70004 Full Service B&M $126,821
    Metairie Bank & Trust Company 3639 Jefferson Highway Jefferson, LA 70121 Full Service B&M $34,615
    Metairie Bank & Trust Company 3922 Veterans Blvd. Metairie, LA 70002 Full Service B&M $44,247
    Metairie Bank & Trust Company 4305a Clearview Parkway Metairie, LA 70006 Full Service B&M $8,970
    Metairie Bank & Trust Company 4500 Hwy 22 Mandeville, LA 70448 Full Service B&M $21,738
    Metairie Bank & Trust Company 701 Metairie Road Metairie, LA 70005 Full Service B&M $47,271
    Metairie Bank & Trust Company 7124 Veterans Boulevard At David Drive Metairie, LA 70003 Full Service B&M $40,947
    Metairie Bank & Trust Company 7807 Airline Highway Metairie, LA 70003 Full Service B&M $16,526

    For 2018, Metairie Bank & Trust Company had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,600
    Net interest income $15,908
    Total noninterest income $3,096
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,688
    Trading account gains and fees $0
    Additional Noninterest Income $1,408
    Pre-tax net operating income $4,442
    Securities gains (or losses, -) $-11
    Income before extraordinary items $3,468
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,468
    Minority interest net income $0
    Net income $3,468
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,476

    Metairie Bank & Trust Company's gross interest income from loans was $16,600,000.
    Metairie Bank & Trust Company's net interest income from loans was $15,908,000.
    Metairie Bank & Trust Company's fee based income from loans was $1,688,000.
    Metairie Bank & Trust Company's net income from loans was $3,468,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $692
    Provision for credit losses $355
    Total noninterest expense $14,207
    Salaries and employee benefits $8,201
    Premises and equipment expense $2,412
    Additional noninterest expense $3,594
    Applicable income taxes $963
    Net charge-offs $309
    Cash dividends $2,144

    Metairie Bank & Trust Company's interest expense for loans was $692,000.
    Metairie Bank & Trust Company's payroll and benefits expense were $8,201,000.
    Metairie Bank & Trust Company's property, plant and equipment expenses $2,412,000.

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

    Deposits

    Type Value (in 000's)
    Total deposits $346,242
    Deposits held in domestic offices $346,242
    Deposits by Individuals, partnerships, and corporations $345,430
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $812
    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 $177,095
    Demand deposits $105,512
    Nontransaction accounts $169,147
    Money market deposit accounts (MMDAs) $10,572
    Other savings deposits (excluding MMDAs) $120,362
    Total time deposits $38,213
    Total time and savings deposits $240,730
    Noninterest-bearing deposits $105,578
    Interest-bearing deposits $240,664
    Retail deposits $340,962
    IRAs and Keogh plan accounts $11,371
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $385,342
    Cash & Balances due from depository institutions $9,021
    Interest-bearing balances $2,841
    Total securities $47,819
    Federal funds sold & reverse repurchase $375
    Net loans and leases $310,517
    Loan and leases loss allowance $2,588
    Trading account assets $0
    Bank premises and fixed assets $10,456
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $7,154

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $385,342
    Total Liabilities $347,795
    Total deposits $346,242
    Interest-bearing deposits $240,664
    Deposits held in domestic offices $346,242
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,553

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $310,517
    Loan and leases loss allowance $2,588
    Total loans and leases (domestic) $313,105
    All real estate loans $288,246
    Real estate loans in domestic offices $288,246
    Construction and development loans $17,771
    Residential 1-4 family construction $9,230
    Other construction, all land development and other land $8,541
    Loans secured by nonfarm nonresidential properties $109,617
    Nonfarm nonresidential secured by owner-occupied properties $50,839
    Commercial real estate & other non-farm, non-residential $58,778
    Multifamily residential real estate $6,972
    1-4 family residential loans $153,886
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $17,263
    To non-U.S. addressees $0
    Loans to individuals $5,596
    Credit card loans $183
    Related Plans $637
    Consumer Auto Loans $377
    Other loans to individuals $4,399
    All other loans & leases $2,000
    Loans to foreign governments and official institutions $0
    Other loans $2,000
    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 $311
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Metairie Bank & Trust Company had $310,517,000 of loans outstanding in 2018. $288,246,000 of loans were in real estate loans. $17,771,000 of loans were in development loans. $6,972,000 of loans were in multifamily mortgage loans. $153,886,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $183,000 of loans were in credit card loans. $377,000 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 187 $50,655 $270,882
    Nonfarm, nonresidential loans - <$100k 12 $586 $48,833
    Nonfarm, nonresidential loans - $100-250k 54 $5,355 $99,167
    Nonfarm, nonresidential loans - $250k-1MM 121 $44,714 $369,537
    Commercial & Industrial, US addressed loans - <$1MM 219 $17,263 $78,826
    Commercial & Industrial, US addressed loans - <$100k 173 $2,575 $14,884
    Commercial & Industrial, US addressed loans - $100-250k 18 $1,692 $94,000
    Commercial & Industrial, US addressed loans - $250k-1MM 28 $12,996 $464,143