Bom Bank Mortgage Rates, Fees & Info

Natchitoches, LA

LEI: 549300LDX1HCIL448282

Tax ID: 72-0124970

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Mortgage Data

Bank Data

Review & Overview

Bom Bank is a smaller bank specializing in Home Purchase and Refi loans. Bom Bank has a high proportion of conventional loans. Their top markets by origination volume include: Shreveport, Alexandria, Natchitoches, Baton Rouge, and Houston among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bom 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.

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Originations

201

Origination Dollar Volume (All Markets)

$56,495,000

Employee count

138

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
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 63 $15,785,000 $250,556 $0 0.00%
ALEXANDRIA, LA (FHA|USDA|VA) 32 $12,970,000 $405,313 $0 0.00%
Natchitoches, LA (FHA|USDA|VA) 59 $9,995,000 $169,407 $0 0.00%
Outside of Metro Areas 20 $6,070,000 $303,500 $0 0.00%
BATON ROUGE, LA (FHA|USDA|VA) 8 $3,830,000 $478,750 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $2,450,000 $1,225,000 $0 0.00%
TYLER, TX (FHA|USDA|VA) 1 $1,445,000 $1,445,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $685,000 $685,000 $0 0.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $620,000 $310,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
Huntsville, TX (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
Ruston, LA (FHA|USDA|VA) 2 $360,000 $180,000 $0 0.00%
Lufkin, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
LONGVIEW, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Palestine, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Fort Polk South, LA (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
LAFAYETTE, LA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Minden, LA (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Bom Bank's top markets include Shreveport, Alexandria, Natchitoches, Baton Rouge, and Houston among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 201 $56,495,000 $281,070 $0 0.00%

    For 2021, Bom Bank's most frequently originated type of loan was Conventional, with 201 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 107 $24,595,000 $229,860 $0 0.00%
    Refi 82 $30,670,000 $374,024 $0 0.00%
    Home Improvement 12 $1,230,000 $102,500 $0 0.00%

    For 2021, Bom Bank's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 201 $56,495,000 $281,070 $0 0.00%

    For 2021, Bom Bank's most frequently cited loan duration was Other, with 201 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 79 $4,605,000 $58,291 $0 0.00%
    $100k-200k 50 $6,800,000 $136,000 $0 0.00%
    $200k-400k 31 $8,555,000 $275,968 $0 0.00%
    $400k-600k 19 $9,185,000 $483,421 $0 0.00%
    $1MM+ 12 $20,670,000 $1,722,500 $0 0.00%
    $600k-1MM 10 $6,680,000 $668,000 $0 0.00%

    2021 saw Bom Bank place emphasis on $100,000 or less loans with 79 originations, totaling $4,605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 28 $2,320,000 $82,857 $0 0.00%
    $100k-150k 19 $3,885,000 $204,474 $0 0.00%
    $75k-100k 13 $2,285,000 $175,769 $0 0.00%
    $50k-75k 12 $1,470,000 $122,500 $0 0.00%
    $250k+ 10 $6,390,000 $639,000 $0 0.00%
    $150k-250k 4 $1,250,000 $312,500 $0 0.00%

    Bom Bank lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $100k-150k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 201 $56,495,000 $281,070 $0 0.00%

    Bom Bank lent most frequently to those with DTI ratios of Exempt%, with 201 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 107 $37,615,000 $351,542 $0 0.00%
    White 76 $16,540,000 $217,632 $0 0.00%
    Black 13 $1,035,000 $79,615 $0 0.00%
    Asian 3 $915,000 $305,000 $0 0.00%
    American Indian 1 $255,000 $255,000 $0 0.00%
    Filipino 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.15%

    Bom Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.05%

    Bom Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 201 $56,495,000 $281,070

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    201 $56,495,000 $281,070

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bom Bank 1000 Caddo Street Montgomery, LA 71454 Full Service B&M $31,157
    Bom Bank 101 Worth St Hemphill, TX 75948 Full Service B&M $58,436
    Bom Bank 1423 Wimbledon Drive Alexandria, LA 71303 Full Service B&M $26,734
    Bom Bank 14256 Highway 1 Derry, LA 71416 Full Service B&M $33,547
    Bom Bank 2111 Highway 80 East Haughton, LA 71037 Full Service B&M $17,310
    Bom Bank 2369 Mill Street Ringgold, LA 71068 Full Service B&M $51,008
    Bom Bank 3412 Maclee Drive Alexandria, LA 71301 Full Service B&M $13,259
    Bom Bank 4147 University Parkway Natchitoches, LA 71457 Full Service B&M $66,516
    Bom Bank 4321 Youree Drive Shreveport, LA 71105 Full Service B&M $9,832
    Bom Bank 4798 Palmetto Road Benton, LA 71006 Full Service B&M $21,034
    Bom Bank 603 Highway 171 Bypass Many, LA 71449 Full Service B&M $71,095
    Bom Bank 814 Washington Street Natchitoches, LA 71457 Full Service B&M $89,414
    Bom Bank 8610 Fern Ave Shreveport, LA 71105 Full Service B&M $19,826
    Bom Bank 9072 Louisiana 4 Castor, LA 71016 Full Service B&M $5,271
    Bom Bank 952 Keyser Ave. Natchitoches, LA 71457 Full Service B&M $36,126

    For 2021, Bom Bank had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $30,225
    Net interest income $27,603
    Total noninterest income $9,209
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,301
    Trading account gains and fees $0
    Additional Noninterest Income $7,908
    Pre-tax net operating income $12,074
    Securities gains (or losses, -) $0
    Income before extraordinary items $12,074
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,074
    Minority interest net income $0
    Net income $12,074
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,074

    Bom Bank's gross interest income from loans was $30,225,000.
    Bom Bank's net interest income from loans was $27,603,000.
    Bom Bank's fee based income from loans was $1,301,000.
    Bom Bank's net income from loans was $12,074,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,622
    Provision for credit losses $1,483
    Total noninterest expense $23,255
    Salaries and employee benefits $10,458
    Premises and equipment expense $2,887
    Additional noninterest expense $9,910
    Applicable income taxes $0
    Net charge-offs $-17
    Cash dividends $10,088

    Bom Bank's interest expense for loans was $2,622,000.
    Bom Bank's payroll and benefits expense were $10,458,000.
    Bom Bank's property, plant and equipment expenses $2,887,000.

    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 1.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 44.0%
    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 3.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $639,257
    Deposits held in domestic offices $639,257
    Deposits by Individuals, partnerships, and corporations $503,010
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $135,665
    Deposits by Commercial banks and other depository institutions in U.S. $582
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $75,138
    Demand deposits $26,221
    Nontransaction accounts $564,119
    Money market deposit accounts (MMDAs) $8,938
    Other savings deposits (excluding MMDAs) $462,924
    Total time deposits $92,258
    Total time and savings deposits $613,036
    Noninterest-bearing deposits $110,430
    Interest-bearing deposits $528,827
    Retail deposits $607,845
    IRAs and Keogh plan accounts $8,963
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $703,802
    Cash & Balances due from depository institutions $18,578
    Interest-bearing balances $9,020
    Total securities $23,361
    Federal funds sold & reverse repurchase $30,775
    Net loans and leases $588,209
    Loan and leases loss allowance $5,000
    Trading account assets $0
    Bank premises and fixed assets $21,154
    Other real estate owned $0
    Goodwill and other intangibles $1,918
    All other assets $19,807

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $703,802
    Total Liabilities $640,833
    Total deposits $639,257
    Interest-bearing deposits $528,827
    Deposits held in domestic offices $639,257
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,576

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $588,209
    Loan and leases loss allowance $5,000
    Total loans and leases (domestic) $593,209
    All real estate loans $508,674
    Real estate loans in domestic offices $508,674
    Construction and development loans $83,096
    Residential 1-4 family construction $13,434
    Other construction, all land development and other land $69,662
    Loans secured by nonfarm nonresidential properties $238,430
    Nonfarm nonresidential secured by owner-occupied properties $139,830
    Commercial real estate & other non-farm, non-residential $98,600
    Multifamily residential real estate $4,289
    1-4 family residential loans $164,367
    Farmland loans $18,492
    Loans held in foreign offices $0
    Farm loans $3,619
    Commercial and industrial loans $66,669
    To non-U.S. addressees $0
    Loans to individuals $14,131
    Credit card loans $0
    Related Plans $146
    Consumer Auto Loans $2,008
    Other loans to individuals $11,977
    All other loans & leases $646
    Loans to foreign governments and official institutions $0
    Other loans $287
    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 $77
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    BOM Bank had $588,209,000 of loans outstanding in 2021. $508,674,000 of loans were in real estate loans. $83,096,000 of loans were in development loans. $4,289,000 of loans were in multifamily mortgage loans. $164,367,000 of loans were in 1-4 family mortgage loans. $3,619,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,008,000 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 313 $65,382 $208,888
    Nonfarm, nonresidential loans - <$100k 92 $3,893 $42,315
    Nonfarm, nonresidential loans - $100-250k 108 $12,737 $117,935
    Nonfarm, nonresidential loans - $250k-1MM 113 $48,752 $431,434
    Commercial & Industrial, US addressed loans - <$1MM 943 $39,820 $42,227
    Commercial & Industrial, US addressed loans - <$100k 828 $15,344 $18,531
    Commercial & Industrial, US addressed loans - $100-250k 68 $7,679 $112,926
    Commercial & Industrial, US addressed loans - $250k-1MM 47 $16,797 $357,383
    Farmland loans - <$1MM 104 $8,949 $86,048
    Farmland loans - <$100k 61 $2,185 $35,820
    Farmland loans - $100-250k 28 $3,197 $114,179
    Farmland loans - $250k-1MM 15 $3,567 $237,800
    Agriculture operations loans - <$1MM 36 $1,008 $28,000
    Agriculture operations loans - <$100k 31 $533 $17,194
    Agriculture operations loans - $100-250k 5 $475 $95,000