Bom Bank Mortgage Rates, Fees & Info

Natchitoches, LA

LEI: 549300LDX1HCIL448282

Tax ID: 72-0124970

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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

    Bom Bank is a smaller bank specializing in Home Purchase and Refi loans. Bom Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Natchitoches, Shreveport, Alexandria, Baton Rouge, and New Orleans among others. We have data for 9 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.

    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

    147

    Origination Dollar Volume (All Markets)

    $25,975,000

    Employee count

    118

    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
    Natchitoches, LA (FHA|USDA|VA) 52 $9,850,000 $189,423 $0 0.00%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 43 $5,755,000 $133,837 $0 0.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 31 $4,585,000 $147,903 $0 0.00%
    Outside of Metro Areas 14 $2,340,000 $167,143 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 2 $1,940,000 $970,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $0 0.00%
    Fort Polk South, LA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Minden, LA (FHA|USDA|VA) 2 $170,000 $85,000 $0 0.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Bom Bank's top markets include Natchitoches, Shreveport, Alexandria, Baton Rouge, and New Orleans among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 144 $25,590,000 $177,708 $0 0.00%
    USDA 3 $385,000 $128,333 $0 0.00%

    For 2018, Bom Bank's most frequently originated type of loan was Conventional, with 144 originations. Their 2nd most popular type was USDA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 81 $13,935,000 $172,037 $0 0.00%
    Refi 56 $11,300,000 $201,786 $0 0.00%
    Home Improvement 9 $725,000 $80,556 $0 0.00%
    Other 1 $15,000 $15,000 $0 0.00%

    For 2018, Bom Bank's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 147 $25,975,000 $176,701 $0 0.00%

    For 2018, Bom Bank's most frequently cited loan duration was Other, with 147 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 69 $3,765,000 $54,565 $0 0.00%
    $100k-200k 46 $6,330,000 $137,609 $0 0.00%
    $200k-400k 17 $4,775,000 $280,882 $0 0.00%
    $400k-600k 8 $3,840,000 $480,000 $0 0.00%
    $1MM+ 4 $4,960,000 $1,240,000 $0 0.00%
    $600k-1MM 3 $2,305,000 $768,333 $0 0.00%

    2018 saw Bom Bank place emphasis on $100,000 or less loans with 69 originations, totaling $3,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $2,680,000 $167,500 $0 0.00%
    $150k-250k 12 $2,000,000 $166,667 $0 0.00%
    $50k or less 12 $1,060,000 $88,333 $0 0.00%
    $75k-100k 11 $1,645,000 $149,545 $0 0.00%
    $250k+ 10 $5,090,000 $509,000 $0 0.00%
    $50k-75k 7 $605,000 $86,429 $0 0.00%

    Bom Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $150k-250k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 147 $25,975,000 $176,701 $0 0.00%

    Bom Bank lent most frequently to those with DTI ratios of Exempt%, with 147 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 77 $12,675,000 $164,610 $0 0.00%
    White 57 $11,555,000 $202,719 $0 0.00%
    Black 7 $765,000 $109,286 $0 0.00%
    American Indian 4 $760,000 $190,000 $0 0.00%
    Asian 2 $220,000 $110,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.71%

    Bom Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.44%

    Bom Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 147 $25,975,000 $176,701

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $760,000 $380,000
    Multifamily:Site-Built 13 $5,535,000 $425,769
    Single Family (1-4 Units):Manufactured 10 $560,000 $56,000
    Single Family (1-4 Units):Site-Built 122 $19,120,000 $156,721

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    BOM Bank 1000 Caddo Street Montgomery, LA 71454 Full Service B&M $27,888
    BOM Bank 1423 Wimbledon Drive Alexandria, LA 71303 Full Service B&M $18,722
    BOM Bank 14256 Highway 1 Derry, LA 71416 Full Service B&M $24,766
    BOM Bank 2111 Highway 80 East Haughton, LA 71037 Full Service B&M $16,044
    BOM Bank 2369 Mill Street Ringgold, LA 71068 Full Service B&M $43,528
    BOM Bank 3412 Maclee Drive Alexandria, LA 71301 Full Service B&M $9,672
    BOM Bank 4147 University Parkway Natchitoches, LA 71457 Full Service B&M $49,045
    BOM Bank 4321 Youree Drive Shreveport, LA 71105 Full Service B&M $8,359
    BOM Bank 4798 Palmetto Road Benton, LA 71006 Full Service B&M $16,122
    BOM Bank 603 Highway 171 Bypass Many, LA 71449 Full Service B&M $44,932
    BOM Bank 814 Washington Street Natchitoches, LA 71457 Full Service B&M $79,161
    BOM Bank 9072 Louisiana 4 Castor, LA 71016 Full Service B&M $3,580
    BOM Bank 952 Keyser Ave. Natchitoches, LA 71457 Full Service B&M $27,654

    For 2018, Bom Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,515
    Net interest income $17,878
    Total noninterest income $7,734
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,915
    Trading account gains and fees $0
    Additional Noninterest Income $5,819
    Pre-tax net operating income $6,659
    Securities gains (or losses, -) $37
    Income before extraordinary items $6,696
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,696
    Minority interest net income $0
    Net income $6,696
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,659

    Bom Bank's gross interest income from loans was $20,515,000.
    Bom Bank's net interest income from loans was $17,878,000.
    Bom Bank's fee based income from loans was $1,915,000.
    Bom Bank's net income from loans was $6,696,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,637
    Provision for credit losses $1,612
    Total noninterest expense $17,341
    Salaries and employee benefits $8,690
    Premises and equipment expense $1,949
    Additional noninterest expense $6,702
    Applicable income taxes $0
    Net charge-offs $812
    Cash dividends $6,195

    Bom Bank's interest expense for loans was $2,637,000.
    Bom Bank's payroll and benefits expense were $8,690,000.
    Bom Bank's property, plant and equipment expenses $1,949,000.

    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 $372,832
    Deposits held in domestic offices $372,832
    Deposits by Individuals, partnerships, and corporations $305,397
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $66,850
    Deposits by Commercial banks and other depository institutions in U.S. $585
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $43,257
    Demand deposits $14,401
    Nontransaction accounts $329,575
    Money market deposit accounts (MMDAs) $4,829
    Other savings deposits (excluding MMDAs) $251,315
    Total time deposits $73,431
    Total time and savings deposits $358,431
    Noninterest-bearing deposits $64,984
    Interest-bearing deposits $307,848
    Retail deposits $354,601
    IRAs and Keogh plan accounts $10,063
    Brokered deposits $1,713
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $426,010
    Cash & Balances due from depository institutions $21,722
    Interest-bearing balances $12,824
    Total securities $18,269
    Federal funds sold & reverse repurchase $0
    Net loans and leases $352,710
    Loan and leases loss allowance $2,000
    Trading account assets $0
    Bank premises and fixed assets $19,323
    Other real estate owned $95
    Goodwill and other intangibles $1,480
    All other assets $12,411

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $426,010
    Total Liabilities $385,200
    Total deposits $372,832
    Interest-bearing deposits $307,848
    Deposits held in domestic offices $372,832
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $1,150
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $1,218

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $352,710
    Loan and leases loss allowance $2,000
    Total loans and leases (domestic) $354,710
    All real estate loans $297,934
    Real estate loans in domestic offices $297,934
    Construction and development loans $47,180
    Residential 1-4 family construction $14,002
    Other construction, all land development and other land $33,178
    Loans secured by nonfarm nonresidential properties $112,065
    Nonfarm nonresidential secured by owner-occupied properties $85,538
    Commercial real estate & other non-farm, non-residential $26,527
    Multifamily residential real estate $4,162
    1-4 family residential loans $116,992
    Farmland loans $17,535
    Loans held in foreign offices $0
    Farm loans $2,811
    Commercial and industrial loans $38,767
    To non-U.S. addressees $0
    Loans to individuals $15,198
    Credit card loans $0
    Related Plans $230
    Consumer Auto Loans $1,286
    Other loans to individuals $13,682
    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 $83
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    BOM Bank had $352,710,000 of loans outstanding in 2018. $297,934,000 of loans were in real estate loans. $47,180,000 of loans were in development loans. $4,162,000 of loans were in multifamily mortgage loans. $116,992,000 of loans were in 1-4 family mortgage loans. $2,811,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,286,000 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 231 $44,453 $192,437
    Nonfarm, nonresidential loans - <$100k 72 $2,710 $37,639
    Nonfarm, nonresidential loans - $100-250k 79 $9,552 $120,911
    Nonfarm, nonresidential loans - $250k-1MM 80 $32,191 $402,388
    Commercial & Industrial, US addressed loans - <$1MM 616 $20,607 $33,453
    Commercial & Industrial, US addressed loans - <$100k 543 $9,431 $17,368
    Commercial & Industrial, US addressed loans - $100-250k 45 $4,519 $100,422
    Commercial & Industrial, US addressed loans - $250k-1MM 28 $6,657 $237,750
    Farmland loans - <$1MM 105 $8,510 $81,048
    Farmland loans - <$100k 71 $2,524 $35,549
    Farmland loans - $100-250k 23 $2,807 $122,043
    Farmland loans - $250k-1MM 11 $3,179 $289,000
    Agriculture operations loans - <$1MM 48 $2,811 $58,563
    Agriculture operations loans - <$100k 36 $820 $22,778
    Agriculture operations loans - $100-250k 6 $462 $77,000
    Agriculture operations loans - $250k-1MM 6 $1,529 $254,833