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. Their top markets by origination volume include: Alexandria, Natchitoches, Shreveport, Fredericksburg, and Fort Polk South among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bom Bank 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

    174

    Origination Dollar Volume (All Markets)

    $25,520,000

    Employee count

    137

    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
    ALEXANDRIA, LA (FHA|USDA|VA) 47 $8,755,000 $186,277 $0 0.00%
    Natchitoches, LA (FHA|USDA|VA) 65 $8,015,000 $123,308 $0 0.00%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 38 $4,970,000 $130,789 $0 0.00%
    Outside of Metro Areas 19 $2,675,000 $140,789 $0 0.00%
    Fredericksburg, TX (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
    Fort Polk South, LA (FHA|USDA|VA) 2 $280,000 $140,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Minden, LA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Bom Bank's top markets include Alexandria, Natchitoches, Shreveport, Fredericksburg, and Fort Polk South among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 174 $25,520,000 $146,667 $0 0.00%

    For 2019, Bom Bank's most frequently originated type of loan was Conventional, with 174 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 94 $16,750,000 $178,191 $0 0.00%
    Refi 71 $8,205,000 $115,563 $0 0.00%
    Home Improvement 6 $430,000 $71,667 $0 0.00%
    Other 3 $135,000 $45,000 $0 0.00%

    For 2019, Bom Bank's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Refi, with 71 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 174 $25,520,000 $146,667 $0 0.00%

    For 2019, Bom Bank's most frequently cited loan duration was Other, with 174 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 106 $5,510,000 $51,981 $0 0.00%
    $100k-200k 32 $4,430,000 $138,438 $0 0.00%
    $200k-400k 18 $4,830,000 $268,333 $0 0.00%
    $400k-600k 13 $6,515,000 $501,154 $0 0.00%
    $600k-1MM 4 $2,970,000 $742,500 $0 0.00%
    $1MM+ 1 $1,265,000 $1,265,000 $0 0.00%

    2019 saw Bom Bank place emphasis on $100,000 or less loans with 106 originations, totaling $5,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 33 $2,025,000 $61,364 $0 0.00%
    $100k-150k 19 $3,605,000 $189,737 $0 0.00%
    $50k-75k 13 $1,115,000 $85,769 $0 0.00%
    $75k-100k 13 $1,865,000 $143,462 $0 0.00%
    $150k-250k 7 $2,535,000 $362,143 $0 0.00%
    $250k+ 7 $2,375,000 $339,286 $0 0.00%

    Bom Bank lent most frequently to those with incomes in the $50k or less range, with 33 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% 174 $25,520,000 $146,667 $0 0.00%

    Bom Bank lent most frequently to those with DTI ratios of Exempt%, with 174 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 83 $12,815,000 $154,398 $0 0.00%
    Not applicable 74 $11,220,000 $151,622 $0 0.00%
    Black 17 $1,485,000 $87,353 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.70%

    Bom Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.76%

    Bom Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 174 $25,520,000 $146,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $670,000 $335,000
    Multifamily:Site-Built 14 $5,320,000 $380,000
    Single Family (1-4 Units):Manufactured 28 $1,030,000 $36,786
    Single Family (1-4 Units):Site-Built 130 $18,500,000 $142,308

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    BOM Bank 1000 Caddo Street Montgomery, LA 71454 Full Service B&M $29,450
    BOM Bank 1423 Wimbledon Drive Alexandria, LA 71303 Full Service B&M $16,968
    BOM Bank 14256 Highway 1 Derry, LA 71416 Full Service B&M $28,773
    BOM Bank 2111 Highway 80 East Haughton, LA 71037 Full Service B&M $15,062
    BOM Bank 2369 Mill Street Ringgold, LA 71068 Full Service B&M $40,733
    BOM Bank 3412 Maclee Drive Alexandria, LA 71301 Full Service B&M $10,586
    BOM Bank 4147 University Parkway Natchitoches, LA 71457 Full Service B&M $48,698
    BOM Bank 4321 Youree Drive Shreveport, LA 71105 Full Service B&M $9,497
    BOM Bank 4798 Palmetto Road Benton, LA 71006 Full Service B&M $18,296
    BOM Bank 603 Highway 171 Bypass Many, LA 71449 Full Service B&M $50,411
    BOM Bank 814 Washington Street Natchitoches, LA 71457 Full Service B&M $96,135
    BOM Bank 8610 Fern Ave Shreveport, LA 71105 Full Service B&M $9,163
    BOM Bank 9072 Louisiana 4 Castor, LA 71016 Full Service B&M $4,396
    BOM Bank 952 Keyser Ave. Natchitoches, LA 71457 Full Service B&M $27,348

    For 2019, Bom Bank had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,095
    Net interest income $20,282
    Total noninterest income $8,366
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,822
    Trading account gains and fees $0
    Additional Noninterest Income $6,544
    Pre-tax net operating income $8,155
    Securities gains (or losses, -) $0
    Income before extraordinary items $8,155
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,155
    Minority interest net income $0
    Net income $8,155
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,155

    Bom Bank's gross interest income from loans was $24,095,000.
    Bom Bank's net interest income from loans was $20,282,000.
    Bom Bank's fee based income from loans was $1,822,000.
    Bom Bank's net income from loans was $8,155,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,813
    Provision for credit losses $1,540
    Total noninterest expense $18,953
    Salaries and employee benefits $9,581
    Premises and equipment expense $2,110
    Additional noninterest expense $7,262
    Applicable income taxes $0
    Net charge-offs $1,040
    Cash dividends $7,750

    Bom Bank's interest expense for loans was $3,813,000.
    Bom Bank's payroll and benefits expense were $9,581,000.
    Bom Bank's property, plant and equipment expenses $2,110,000.

    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 3.0%
    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 $449,016
    Deposits held in domestic offices $449,016
    Deposits by Individuals, partnerships, and corporations $356,927
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $91,327
    Deposits by Commercial banks and other depository institutions in U.S. $762
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $76,839
    Demand deposits $24,162
    Nontransaction accounts $372,177
    Money market deposit accounts (MMDAs) $6,746
    Other savings deposits (excluding MMDAs) $286,456
    Total time deposits $78,975
    Total time and savings deposits $424,854
    Noninterest-bearing deposits $81,126
    Interest-bearing deposits $367,890
    Retail deposits $431,233
    IRAs and Keogh plan accounts $10,563
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $506,584
    Cash & Balances due from depository institutions $20,944
    Interest-bearing balances $12,304
    Total securities $17,510
    Federal funds sold & reverse repurchase $19,025
    Net loans and leases $405,331
    Loan and leases loss allowance $2,500
    Trading account assets $0
    Bank premises and fixed assets $21,290
    Other real estate owned $0
    Goodwill and other intangibles $2,669
    All other assets $19,815

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $506,584
    Total Liabilities $450,378
    Total deposits $449,016
    Interest-bearing deposits $367,890
    Deposits held in domestic offices $449,016
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,362

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $405,331
    Loan and leases loss allowance $2,500
    Total loans and leases (domestic) $407,831
    All real estate loans $343,411
    Real estate loans in domestic offices $343,411
    Construction and development loans $41,108
    Residential 1-4 family construction $6,955
    Other construction, all land development and other land $34,153
    Loans secured by nonfarm nonresidential properties $139,092
    Nonfarm nonresidential secured by owner-occupied properties $100,876
    Commercial real estate & other non-farm, non-residential $38,216
    Multifamily residential real estate $3,505
    1-4 family residential loans $141,924
    Farmland loans $17,782
    Loans held in foreign offices $0
    Farm loans $4,369
    Commercial and industrial loans $39,913
    To non-U.S. addressees $0
    Loans to individuals $18,323
    Credit card loans $0
    Related Plans $193
    Consumer Auto Loans $2,589
    Other loans to individuals $15,541
    All other loans & leases $1,815
    Loans to foreign governments and official institutions $0
    Other loans $321
    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 $81
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    BOM Bank had $405,331,000 of loans outstanding in 2019. $343,411,000 of loans were in real estate loans. $41,108,000 of loans were in development loans. $3,505,000 of loans were in multifamily mortgage loans. $141,924,000 of loans were in 1-4 family mortgage loans. $4,369,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,589,000 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 272 $48,629 $178,783
    Nonfarm, nonresidential loans - <$100k 100 $4,395 $43,950
    Nonfarm, nonresidential loans - $100-250k 88 $10,141 $115,239
    Nonfarm, nonresidential loans - $250k-1MM 84 $34,093 $405,869
    Commercial & Industrial, US addressed loans - <$1MM 672 $23,420 $34,851
    Commercial & Industrial, US addressed loans - <$100k 593 $10,148 $17,113
    Commercial & Industrial, US addressed loans - $100-250k 47 $4,666 $99,277
    Commercial & Industrial, US addressed loans - $250k-1MM 32 $8,606 $268,938
    Farmland loans - <$1MM 111 $8,942 $80,559
    Farmland loans - <$100k 74 $2,617 $35,365
    Farmland loans - $100-250k 25 $2,951 $118,040
    Farmland loans - $250k-1MM 12 $3,374 $281,167
    Agriculture operations loans - <$1MM 57 $2,678 $46,982
    Agriculture operations loans - <$100k 44 $964 $21,909
    Agriculture operations loans - $100-250k 8 $587 $73,375
    Agriculture operations loans - $250k-1MM 5 $1,127 $225,400