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 loans. Metairie Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Miami, Denver, Gulfport, and Hammond among others. We have data for 6 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.

    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

    159

    Origination Dollar Volume (All Markets)

    $33,845,000

    Employee count

    122

    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) 151 $28,715,000 $190,166 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,915,000 $1,915,000 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $1,485,000 $1,485,000 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 4 $790,000 $197,500 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Metairie Bank & Trust Company's top markets include New Orleans, Miami, Denver, Gulfport, and Hammond among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 159 $33,845,000 $212,862 $0 0.00%

    For 2019, Metairie Bank & Trust Company's most frequently originated type of loan was Conventional, with 159 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 60 $20,440,000 $340,667 $0 0.00%
    Cash Out Refi 33 $5,105,000 $154,697 $0 0.00%
    Refi 30 $6,050,000 $201,667 $0 0.00%
    Home Improvement 18 $1,020,000 $56,667 $0 0.00%
    Other 18 $1,230,000 $68,333 $0 0.00%

    For 2019, Metairie Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Cash Out Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 159 $33,845,000 $212,862 $0 0.00%

    For 2019, Metairie Bank & Trust Company's most frequently cited loan duration was Other, with 159 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,235,000 $49,769 $0 0.00%
    $100k-200k 40 $5,600,000 $140,000 $0 0.00%
    $200k-400k 36 $9,990,000 $277,500 $0 0.00%
    $400k-600k 9 $4,295,000 $477,222 $0 0.00%
    $1MM+ 5 $7,945,000 $1,589,000 $0 0.00%
    $600k-1MM 4 $2,780,000 $695,000 $0 0.00%

    2019 saw Metairie Bank & Trust Company place emphasis on $100,000 or less loans with 65 originations, totaling $3,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 31 $4,335,000 $139,839 $0 0.00%
    $50k or less 28 $2,100,000 $75,000 $0 0.00%
    $100k-150k 25 $4,995,000 $199,800 $0 0.00%
    $250k+ 15 $10,815,000 $721,000 $0 0.00%
    $75k-100k 10 $1,520,000 $152,000 $0 0.00%
    $150k-250k 6 $1,750,000 $291,667 $0 0.00%

    Metairie Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 31 originations. The second most popular income band? $50k or less, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 102 $22,850,000 $224,020 $0 0.00%
    Not applicable 43 $8,285,000 $192,674 $0 0.00%
    Asian 2 $1,750,000 $875,000 $0 0.00%
    Black 12 $960,000 $80,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.82%

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

    Pick Rate

    Approvals leading to origination
    66.04%

    Metairie Bank & Trust Company 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
    NA 159 $33,845,000 $212,862

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $1,755,000 $250,714
    Single Family (1-4 Units):Site-Built 152 $32,090,000 $211,118

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Metropolitan Home Mortgage, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 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 $5,873
    Metairie Bank & Trust Company 3344 Metairie Road Metairie, LA 70004 Full Service B&M $130,381
    Metairie Bank & Trust Company 3639 Jefferson Highway Jefferson, LA 70121 Full Service B&M $34,086
    Metairie Bank & Trust Company 3922 Veterans Blvd. Metairie, LA 70002 Full Service B&M $44,418
    Metairie Bank & Trust Company 4305a Clearview Parkway Metairie, LA 70006 Full Service B&M $12,674
    Metairie Bank & Trust Company 4500 Hwy 22 Mandeville, LA 70448 Full Service B&M $19,462
    Metairie Bank & Trust Company 701 Metairie Road Metairie, LA 70005 Full Service B&M $48,620
    Metairie Bank & Trust Company 7124 Veterans Boulevard At David Drive Metairie, LA 70003 Full Service B&M $41,551
    Metairie Bank & Trust Company 7807 Airline Highway Metairie, LA 70003 Full Service B&M $18,482

    For 2019, Metairie Bank & Trust Company had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,170
    Net interest income $16,173
    Total noninterest income $3,230
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,765
    Trading account gains and fees $0
    Additional Noninterest Income $1,465
    Pre-tax net operating income $4,897
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,939
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,939
    Minority interest net income $0
    Net income $3,939
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,939

    Metairie Bank & Trust Company's gross interest income from loans was $17,170,000.
    Metairie Bank & Trust Company's net interest income from loans was $16,173,000.
    Metairie Bank & Trust Company's fee based income from loans was $1,765,000.
    Metairie Bank & Trust Company's net income from loans was $3,939,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $997
    Provision for credit losses $349
    Total noninterest expense $14,157
    Salaries and employee benefits $7,920
    Premises and equipment expense $2,499
    Additional noninterest expense $3,738
    Applicable income taxes $958
    Net charge-offs $162
    Cash dividends $2,122

    Metairie Bank & Trust Company's interest expense for loans was $997,000.
    Metairie Bank & Trust Company's payroll and benefits expense were $7,920,000.
    Metairie Bank & Trust Company's property, plant and equipment expenses $2,499,000.

    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 $349,342
    Deposits held in domestic offices $349,342
    Deposits by Individuals, partnerships, and corporations $348,536
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $806
    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 $176,948
    Demand deposits $104,955
    Nontransaction accounts $172,394
    Money market deposit accounts (MMDAs) $11,575
    Other savings deposits (excluding MMDAs) $115,071
    Total time deposits $45,748
    Total time and savings deposits $244,387
    Noninterest-bearing deposits $105,015
    Interest-bearing deposits $244,327
    Retail deposits $341,933
    IRAs and Keogh plan accounts $11,148
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $394,487
    Cash & Balances due from depository institutions $19,571
    Interest-bearing balances $13,610
    Total securities $45,428
    Federal funds sold & reverse repurchase $200
    Net loans and leases $308,996
    Loan and leases loss allowance $2,775
    Trading account assets $0
    Bank premises and fixed assets $12,455
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $7,837

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $394,487
    Total Liabilities $353,759
    Total deposits $349,342
    Interest-bearing deposits $244,327
    Deposits held in domestic offices $349,342
    % insured (estimated) $92
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,664
    Subordinated debt $0
    All other liabilities $1,753

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $308,996
    Loan and leases loss allowance $2,775
    Total loans and leases (domestic) $311,771
    All real estate loans $289,040
    Real estate loans in domestic offices $289,040
    Construction and development loans $14,898
    Residential 1-4 family construction $4,639
    Other construction, all land development and other land $10,259
    Loans secured by nonfarm nonresidential properties $112,756
    Nonfarm nonresidential secured by owner-occupied properties $46,914
    Commercial real estate & other non-farm, non-residential $65,842
    Multifamily residential real estate $7,049
    1-4 family residential loans $154,337
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $16,272
    To non-U.S. addressees $0
    Loans to individuals $4,659
    Credit card loans $203
    Related Plans $450
    Consumer Auto Loans $329
    Other loans to individuals $3,677
    All other loans & leases $1,800
    Loans to foreign governments and official institutions $0
    Other loans $1,800
    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 $304
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Metairie Bank & Trust Company had $308,996,000 of loans outstanding in 2019. $289,040,000 of loans were in real estate loans. $14,898,000 of loans were in development loans. $7,049,000 of loans were in multifamily mortgage loans. $154,337,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $203,000 of loans were in credit card loans. $329,000 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 188 $51,816 $275,617
    Nonfarm, nonresidential loans - <$100k 12 $716 $59,667
    Nonfarm, nonresidential loans - $100-250k 58 $6,233 $107,466
    Nonfarm, nonresidential loans - $250k-1MM 118 $44,867 $380,229
    Commercial & Industrial, US addressed loans - <$1MM 224 $16,272 $72,643
    Commercial & Industrial, US addressed loans - <$100k 172 $2,863 $16,645
    Commercial & Industrial, US addressed loans - $100-250k 25 $2,102 $84,080
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $11,307 $418,778