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, Baton Rouge, Nashville, Gulfport, and Houma among others. We have data for 8 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

    129

    Origination Dollar Volume (All Markets)

    $37,565,000

    Employee count

    120

    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) 118 $33,240,000 $281,695 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 4 $1,300,000 $325,000 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $975,000 $975,000 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $680,000 $340,000 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $555,000 $555,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Metairie Bank & Trust Company's top markets include New Orleans, Baton Rouge, Nashville, Gulfport, and Houma among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 129 $37,565,000 $291,202 $0 0.00%

    For 2020, Metairie Bank & Trust Company's most frequently originated type of loan was Conventional, with 129 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 51 $20,285,000 $397,745 $0 0.00%
    Cash Out Refi 34 $6,590,000 $193,824 $0 0.00%
    Refi 21 $6,415,000 $305,476 $0 0.00%
    Other 15 $2,835,000 $189,000 $0 0.00%
    Home Improvement 8 $1,440,000 $180,000 $0 0.00%

    For 2020, Metairie Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 129 $37,565,000 $291,202 $0 0.00%

    For 2020, Metairie Bank & Trust Company's most frequently cited loan duration was Other, with 129 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 35 $9,785,000 $279,571 $0 0.00%
    $100,000 or less 34 $1,860,000 $54,706 $0 0.00%
    $100k-200k 34 $5,100,000 $150,000 $0 0.00%
    $400k-600k 12 $5,780,000 $481,667 $0 0.00%
    $600k-1MM 9 $6,695,000 $743,889 $0 0.00%
    $1MM+ 5 $8,345,000 $1,669,000 $0 0.00%

    2020 saw Metairie Bank & Trust Company place emphasis on $200k-400k loans with 35 originations, totaling $9,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 20 $1,860,000 $93,000 $0 0.00%
    $150k-250k 15 $6,185,000 $412,333 $0 0.00%
    $250k+ 12 $6,120,000 $510,000 $0 0.00%
    $50k-75k 12 $2,070,000 $172,500 $0 0.00%
    $75k-100k 8 $950,000 $118,750 $0 0.00%
    $100k-150k 7 $1,295,000 $185,000 $0 0.00%

    Metairie Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $150k-250k, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 53 $18,605,000 $351,038 $0 0.00%
    White 68 $17,320,000 $254,706 $0 0.00%
    Black 6 $950,000 $158,333 $0 0.00%
    Asian 2 $690,000 $345,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    76.95%

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

    Pick Rate

    Approvals leading to origination
    57.36%

    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 129 $37,565,000 $291,202

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $8,575,000 $659,615
    Single Family (1-4 Units):Site-Built 116 $28,990,000 $249,914

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Metropolitan Home Mortgage, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 66.7%
    Metropolitan Home Mortgage, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    Metropolitan Home Mortgage, Inc. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%

    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 $7,920
    Metairie Bank & Trust Company 3344 Metairie Road Metairie, LA 70001 Full Service B&M $140,644
    Metairie Bank & Trust Company 3639 Jefferson Highway Jefferson, LA 70121 Full Service B&M $39,945
    Metairie Bank & Trust Company 3922 Veterans Blvd. Metairie, LA 70002 Full Service B&M $51,456
    Metairie Bank & Trust Company 4305a Clearview Parkway Metairie, LA 70006 Full Service B&M $25,175
    Metairie Bank & Trust Company 4500 Hwy 22 Mandeville, LA 70471 Full Service B&M $25,797
    Metairie Bank & Trust Company 701 Metairie Road Metairie, LA 70005 Full Service B&M $53,108
    Metairie Bank & Trust Company 7124 Veterans Boulevard At David Drive Metairie, LA 70003 Full Service B&M $54,788
    Metairie Bank & Trust Company 7807 Airline Highway Metairie, LA 70003 Full Service B&M $20,537

    For 2020, Metairie Bank & Trust Company had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,421
    Net interest income $16,412
    Total noninterest income $3,243
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,356
    Trading account gains and fees $0
    Additional Noninterest Income $1,887
    Pre-tax net operating income $4,408
    Securities gains (or losses, -) $30
    Income before extraordinary items $3,576
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,576
    Minority interest net income $0
    Net income $3,576
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,551

    Metairie Bank & Trust Company's gross interest income from loans was $17,421,000.
    Metairie Bank & Trust Company's net interest income from loans was $16,412,000.
    Metairie Bank & Trust Company's fee based income from loans was $1,356,000.
    Metairie Bank & Trust Company's net income from loans was $3,576,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,009
    Provision for credit losses $725
    Total noninterest expense $14,522
    Salaries and employee benefits $8,271
    Premises and equipment expense $2,435
    Additional noninterest expense $3,816
    Applicable income taxes $862
    Net charge-offs $124
    Cash dividends $2,044

    Metairie Bank & Trust Company's interest expense for loans was $1,009,000.
    Metairie Bank & Trust Company's payroll and benefits expense were $8,271,000.
    Metairie Bank & Trust Company's property, plant and equipment expenses $2,435,000.

    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 $438,703
    Deposits held in domestic offices $438,703
    Deposits by Individuals, partnerships, and corporations $438,275
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $428
    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 $238,774
    Demand deposits $151,417
    Nontransaction accounts $199,929
    Money market deposit accounts (MMDAs) $14,044
    Other savings deposits (excluding MMDAs) $136,881
    Total time deposits $49,004
    Total time and savings deposits $287,286
    Noninterest-bearing deposits $151,475
    Interest-bearing deposits $287,227
    Retail deposits $428,844
    IRAs and Keogh plan accounts $11,798
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $485,965
    Cash & Balances due from depository institutions $75,976
    Interest-bearing balances $69,073
    Total securities $37,361
    Federal funds sold & reverse repurchase $350
    Net loans and leases $351,825
    Loan and leases loss allowance $3,376
    Trading account assets $0
    Bank premises and fixed assets $11,933
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $8,520

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $485,965
    Total Liabilities $443,155
    Total deposits $438,703
    Interest-bearing deposits $287,227
    Deposits held in domestic offices $438,703
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,578
    Subordinated debt $0
    All other liabilities $1,874

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $351,825
    Loan and leases loss allowance $3,376
    Total loans and leases (domestic) $355,201
    All real estate loans $285,853
    Real estate loans in domestic offices $285,853
    Construction and development loans $10,415
    Residential 1-4 family construction $3,690
    Other construction, all land development and other land $6,725
    Loans secured by nonfarm nonresidential properties $119,844
    Nonfarm nonresidential secured by owner-occupied properties $58,837
    Commercial real estate & other non-farm, non-residential $61,007
    Multifamily residential real estate $9,778
    1-4 family residential loans $145,816
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $65,023
    To non-U.S. addressees $0
    Loans to individuals $4,325
    Credit card loans $254
    Related Plans $496
    Consumer Auto Loans $219
    Other loans to individuals $3,356
    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 $298
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Metairie Bank & Trust Company had $351,825,000 of loans outstanding in 2020. $285,853,000 of loans were in real estate loans. $10,415,000 of loans were in development loans. $9,778,000 of loans were in multifamily mortgage loans. $145,816,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $254,000 of loans were in credit card loans. $219,000 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 201 $53,512 $266,229
    Nonfarm, nonresidential loans - <$100k 24 $1,097 $45,708
    Nonfarm, nonresidential loans - $100-250k 59 $6,923 $117,339
    Nonfarm, nonresidential loans - $250k-1MM 118 $45,492 $385,525
    Commercial & Industrial, US addressed loans - <$1MM 1,038 $63,663 $61,332
    Commercial & Industrial, US addressed loans - <$100k 873 $23,085 $26,443
    Commercial & Industrial, US addressed loans - $100-250k 104 $14,291 $137,413
    Commercial & Industrial, US addressed loans - $250k-1MM 61 $26,287 $430,934