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
  • 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 Refi loans. Metairie Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Gulfport, Hattiesburg, Pensacola, and Hammond among others. We have data for 5 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

    98

    Origination Dollar Volume (All Markets)

    $36,700,000

    Employee count

    107

    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) 93 $34,635,000 $372,419 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $830,000 $415,000 $0 0.00%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $755,000 $755,000 $0 0.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Metairie Bank & Trust Company's top markets include New Orleans, Gulfport, Hattiesburg, Pensacola, and Hammond among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 98 $36,700,000 $374,490 $0 0.00%

    For 2021, Metairie Bank & Trust Company's most frequently originated type of loan was Conventional, with 98 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $18,965,000 $421,444 $0 0.00%
    Refi 35 $14,345,000 $409,857 $0 0.00%
    Other 10 $510,000 $51,000 $0 0.00%
    Cash Out Refi 6 $2,790,000 $465,000 $0 0.00%
    Home Improvement 2 $90,000 $45,000 $0 0.00%

    For 2021, Metairie Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 98 $36,700,000 $374,490 $0 0.00%

    For 2021, Metairie Bank & Trust Company's most frequently cited loan duration was Other, with 98 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 27 $1,345,000 $49,815 $0 0.00%
    $100k-200k 25 $3,685,000 $147,400 $0 0.00%
    $200k-400k 22 $6,050,000 $275,000 $0 0.00%
    $600k-1MM 14 $10,900,000 $778,571 $0 0.00%
    $1MM+ 5 $12,335,000 $2,467,000 $0 0.00%
    $400k-600k 5 $2,385,000 $477,000 $0 0.00%

    2021 saw Metairie Bank & Trust Company place emphasis on $100,000 or less loans with 27 originations, totaling $1,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 18 $2,610,000 $145,000 $0 0.00%
    $50k-75k 13 $985,000 $75,769 $0 0.00%
    $250k+ 8 $8,050,000 $1,006,250 $0 0.00%
    $150k-250k 7 $3,455,000 $493,571 $0 0.00%
    $100k-150k 4 $1,290,000 $322,500 $0 0.00%
    $75k-100k 2 $190,000 $95,000 $0 0.00%

    Metairie Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $50k-75k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 98 $36,700,000 $374,490 $0 0.00%

    Metairie Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 98 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 46 $20,120,000 $437,391 $0 0.00%
    White 46 $15,880,000 $345,217 $0 0.00%
    Black 5 $455,000 $91,000 $0 0.00%
    Not provided 1 $245,000 $245,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    73.98%

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

    Pick Rate

    Approvals leading to origination
    52.04%

    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
    Exempt 98 $36,700,000 $374,490

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    98 $36,700,000 $374,490

    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 $10,715
    Metairie Bank & Trust Company 3344 Metairie Road Metairie, LA 70001 Full Service B&M $158,742
    Metairie Bank & Trust Company 3639 Jefferson Highway Jefferson, LA 70121 Full Service B&M $41,538
    Metairie Bank & Trust Company 3922 Veterans Blvd. Metairie, LA 70002 Full Service B&M $62,273
    Metairie Bank & Trust Company 4305a Clearview Parkway Metairie, LA 70006 Full Service B&M $38,186
    Metairie Bank & Trust Company 4500 Hwy 22 Mandeville, LA 70471 Full Service B&M $33,297
    Metairie Bank & Trust Company 701 Metairie Road Metairie, LA 70005 Full Service B&M $64,953
    Metairie Bank & Trust Company 7124 Veterans Boulevard At David Drive Metairie, LA 70003 Full Service B&M $61,979
    Metairie Bank & Trust Company 7807 Airline Highway Metairie, LA 70003 Full Service B&M $23,664

    For 2021, Metairie Bank & Trust Company had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,862
    Net interest income $18,014
    Total noninterest income $3,677
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,335
    Trading account gains and fees $0
    Additional Noninterest Income $2,342
    Pre-tax net operating income $5,888
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,700
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,700
    Minority interest net income $0
    Net income $4,700
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,700

    Metairie Bank & Trust Company's gross interest income from loans was $18,862,000.
    Metairie Bank & Trust Company's net interest income from loans was $18,014,000.
    Metairie Bank & Trust Company's fee based income from loans was $1,335,000.
    Metairie Bank & Trust Company's net income from loans was $4,700,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $848
    Provision for credit losses $500
    Total noninterest expense $15,303
    Salaries and employee benefits $8,527
    Premises and equipment expense $2,466
    Additional noninterest expense $4,310
    Applicable income taxes $1,188
    Net charge-offs $173
    Cash dividends $2,044

    Metairie Bank & Trust Company's interest expense for loans was $848,000.
    Metairie Bank & Trust Company's payroll and benefits expense were $8,527,000.
    Metairie Bank & Trust Company's property, plant and equipment expenses $2,466,000.

    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 1.0%
    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 $548,376
    Deposits held in domestic offices $548,376
    Deposits by Individuals, partnerships, and corporations $547,876
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $500
    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 $316,157
    Demand deposits $197,993
    Nontransaction accounts $232,219
    Money market deposit accounts (MMDAs) $15,913
    Other savings deposits (excluding MMDAs) $168,785
    Total time deposits $47,521
    Total time and savings deposits $350,383
    Noninterest-bearing deposits $196,584
    Interest-bearing deposits $351,792
    Retail deposits $540,544
    IRAs and Keogh plan accounts $11,525
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $612,147
    Cash & Balances due from depository institutions $186,234
    Interest-bearing balances $180,275
    Total securities $114,055
    Federal funds sold & reverse repurchase $2,925
    Net loans and leases $288,690
    Loan and leases loss allowance $3,703
    Trading account assets $0
    Bank premises and fixed assets $12,291
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $7,952

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $612,147
    Total Liabilities $552,796
    Total deposits $548,376
    Interest-bearing deposits $351,792
    Deposits held in domestic offices $548,376
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,181
    Subordinated debt $0
    All other liabilities $1,239

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $288,690
    Loan and leases loss allowance $3,703
    Total loans and leases (domestic) $292,393
    All real estate loans $265,470
    Real estate loans in domestic offices $265,470
    Construction and development loans $10,213
    Residential 1-4 family construction $1,387
    Other construction, all land development and other land $8,826
    Loans secured by nonfarm nonresidential properties $123,542
    Nonfarm nonresidential secured by owner-occupied properties $47,561
    Commercial real estate & other non-farm, non-residential $75,981
    Multifamily residential real estate $15,278
    1-4 family residential loans $116,437
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $23,004
    To non-U.S. addressees $0
    Loans to individuals $3,919
    Credit card loans $315
    Related Plans $466
    Consumer Auto Loans $197
    Other loans to individuals $2,941
    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 $290
    Non 1-4 family restructured loans & leases $1
    Total loans and leases (foreign) $0

    Metairie Bank & Trust Company had $288,690,000 of loans outstanding in 2021. $265,470,000 of loans were in real estate loans. $10,213,000 of loans were in development loans. $15,278,000 of loans were in multifamily mortgage loans. $116,437,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $315,000 of loans were in credit card loans. $197,000 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 194 $53,910 $277,887
    Nonfarm, nonresidential loans - <$100k 19 $754 $39,684
    Nonfarm, nonresidential loans - $100-250k 56 $7,196 $128,500
    Nonfarm, nonresidential loans - $250k-1MM 119 $45,960 $386,218
    Commercial & Industrial, US addressed loans - <$1MM 176 $21,705 $123,324
    Commercial & Industrial, US addressed loans - <$100k 111 $3,515 $31,667
    Commercial & Industrial, US addressed loans - $100-250k 31 $3,111 $100,355
    Commercial & Industrial, US addressed loans - $250k-1MM 34 $15,079 $443,500