The Bank Mortgage Rates, Fees & Info

Jennings, LA

LEI: 549300M4E3MK3F5GQW40

Tax ID: 74-2815524

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    The Bank is a smaller bank specializing in Refi and Home Purchase loans. The Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jennings, Lafayette, Lake Charles, Houston, and Baton Rouge among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. The Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 8.80% 11/17/24
    30 Year Conventional Refi 8.41% 11/17/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    The Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    228

    Origination Dollar Volume (All Markets)

    $27,690,000

    Employee count

    74

    Awards

    The Bank 30 Year Conventional Loans gold The Bank 30 Year Conventional Loans silver
    Show all (2) awards

    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
    Jennings, LA (FHA|USDA|VA) 108 $10,180,000 $94,259 $1,552 6.12%
    LAFAYETTE, LA (FHA|USDA|VA) 73 $9,435,000 $129,247 $1,630 5.85%
    LAKE CHARLES, LA (FHA|USDA|VA) 23 $3,415,000 $148,478 $1,961 5.91%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $2,665,000 $380,714 $8,197 5.43%
    Outside of Metro Areas 7 $565,000 $80,714 $2,914 6.57%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $495,000 $165,000 $3,295 5.33%
    Opelousas, LA (FHA|USDA|VA) 3 $455,000 $151,667 $2,794 5.42%
    DeRidder, LA (FHA|USDA|VA) 3 $325,000 $108,333 $1,457 4.75%
    Natchitoches, LA (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.00%
    The Bank's top markets include Jennings, Lafayette, Lake Charles, Houston, and Baton Rouge among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Bank
    Similarity Rank: 45
    Bank of Abbeville & Trust Company
    Similarity Rank: 162
    Red River Bank
    Similarity Rank: 216
    Home Bank
    Similarity Rank: 504
    DSLD MORTGAGE, LLC
    Similarity Rank: 680
    ADVANCIAL
    Similarity Rank: 2760
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 3752
    Hancock Whitney Bank
    Similarity Rank: 5390
    TIB The Independent Bankersbank
    Similarity Rank: 5742
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 7074

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 226 $27,420,000 $121,327 $1,913 5.98%
    HELOC 2 $270,000 $135,000 n/a 5.13%

    For 2020, The Bank's most frequently originated type of loan was Conventional, with 226 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 113 $12,425,000 $109,956 $1,090 6.06%
    Home Purchase 101 $14,225,000 $140,842 $2,853 5.82%
    Home Improvement 8 $680,000 $85,000 $1,420 5.90%
    Other 6 $360,000 $60,000 $2,068 6.79%

    For 2020, The Bank's most frequently cited loan purpose was Refi, with 113 originations. The 2nd most popular reason was Home Purchase, with 101 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 145 $17,855,000 $123,138 $1,988 6.30%
    30 Year 28 $4,220,000 $150,714 $2,262 4.71%
    20 Year 22 $1,950,000 $88,636 $1,617 5.52%
    Other 14 $1,930,000 $137,857 $510 6.38%
    15 Year 7 $495,000 $70,714 $1,583 5.32%
    1 Year 6 $980,000 $163,333 $0 5.70%
    3 Year 3 $135,000 $45,000 $0 6.50%
    10 Year 3 $125,000 $41,667 $850 4.67%

    For 2020, The Bank's most frequently cited loan duration was 5 Year, with 145 originations. The 2nd most popular length was 30 Year, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 81 $9,275,000 $114,506
    $1k-2k 26 $3,660,000 $140,769
    $2k-3k 4 $910,000 $227,500
    $5k+ 2 $1,520,000 $760,000
    $3k-4k 1 $375,000 $375,000
    $4k-5k 1 $485,000 $485,000

    The Bank's average total fees were $2,262, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 81 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 74 $14,170,000 $191,486
    5-6% 74 $8,850,000 $119,595
    6-7% 32 $2,000,000 $62,500
    Over 8% 24 $1,130,000 $47,083
    7-8% 17 $915,000 $53,824
    3-4% 7 $625,000 $89,286

    During 2020, The Bank's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 74 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 127 $6,225,000 $49,016 $1,492 6.48%
    $100k-200k 70 $10,260,000 $146,571 $1,799 5.45%
    $200k-400k 23 $5,945,000 $258,478 $2,097 5.13%
    $400k-600k 4 $1,960,000 $490,000 $3,685 4.88%
    $600k-1MM 4 $3,300,000 $825,000 $10,658 4.56%

    2020 saw The Bank place emphasis on $100,000 or less loans with 127 originations, totaling $6,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 44 $4,580,000 $104,091 $2,029 5.85%
    $50k or less 37 $1,935,000 $52,297 $1,433 6.59%
    $75k-100k 34 $4,200,000 $123,529 $1,786 5.93%
    $50k-75k 31 $2,315,000 $74,677 $1,205 6.19%
    $150k-250k 24 $4,750,000 $197,917 $3,139 5.74%
    $250k+ 14 $2,680,000 $191,429 $2,730 5.25%

    The Bank lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $50k or less, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 76 $7,640,000 $100,526 $1,677 5.73%
    <20% 54 $5,620,000 $104,074 $1,700 6.29%
    30-36% 32 $5,200,000 $162,500 $2,800 5.62%
    36% 6 $680,000 $113,333 $1,530 5.50%
    50-60% 4 $370,000 $92,500 $962 8.06%
    41% 2 $80,000 $40,000 $1,761 7.00%
    38% 2 $170,000 $85,000 $3,023 7.63%
    44% 2 $210,000 $105,000 $510 8.00%
    42% 1 $175,000 $175,000 $523 4.50%
    >60% 1 $25,000 $25,000 $0 7.50%
    47% 1 $115,000 $115,000 $648 7.00%
    49% 1 $15,000 $15,000 $513 7.50%
    39% 1 $135,000 $135,000 $513 5.00%
    40% 1 $25,000 $25,000 $500 8.50%

    The Bank lent most frequently to those with DTI ratios of 20-30%, with 76 originations. The next most common DTI ratio? <20%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 176 $19,950,000 $113,352 $1,961 6.04%
    Not applicable 40 $6,790,000 $169,750 $0 5.67%
    Black 11 $795,000 $72,273 $1,385 5.77%
    American Indian 1 $155,000 $155,000 $523 7.50%

    Approval Rates

    Total approvals of all applications
    99.18%

    The Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    93.42%

    The Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 2 $40,000 $20,000
    1.0 1 $15,000 $15,000
    10.0 7 $265,000 $37,857
    510.0 1 $25,000 $25,000
    NA 217 $27,345,000 $126,014

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $1,255,000 $418,333
    Multifamily:Site-Built 4 $600,000 $150,000
    Single Family (1-4 Units):Manufactured 55 $3,095,000 $56,273
    Single Family (1-4 Units):Site-Built 166 $22,740,000 $136,988

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $2,235,000 $97,174 $1,224 5.80%
    40-60% 32 $4,440,000 $138,750 $2,126 6.05%
    60-80% 97 $10,275,000 $105,928 $1,877 5.99%
    80-100% 72 $10,650,000 $147,917 $2,027 5.91%
    Under 20% 4 $90,000 $22,500 $513 6.63%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 22 14.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 17 11.5%
    TD BANK US HOLDING COMPANY Conventional home mortgage Credit monitoring or identity theft protection services 1 0.7%
    TD BANK US HOLDING COMPANY Conventional home mortgage Improper use of your report 1 0.7%
    TD BANK US HOLDING COMPANY Conventional home mortgage Incorrect information on your report 1 0.7%
    TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 4 2.7%
    TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 51 34.5%
    TD BANK US HOLDING COMPANY FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.4%
    TD BANK US HOLDING COMPANY FHA mortgage Trouble during payment process 3 2.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 5 3.4%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 7 4.7%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 1 0.7%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 4 2.7%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 17 11.5%
    TD BANK US HOLDING COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.4%
    TD BANK US HOLDING COMPANY Other type of mortgage Closing on a mortgage 2 1.4%
    TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 8 5.4%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Bank 114 North Thomson Avenue Iowa, LA 70647 Full Service B&M $42,294
    The Bank 1012 The Boulevard Rayne, LA 70578 Full Service B&M $3,986
    The Bank 113 West Russell Avenue Welsh, LA 70591 Full Service B&M $17,293
    The Bank 1304 N. Cutting Avenue Jennings, LA 70546 Limited, Drive-thru $0
    The Bank 1304 North Cutting Avenue Jennings, LA 70546 Full Service B&M $142,430
    The Bank 413 St. Joseph Avenue Iota, LA 70543 Full Service B&M $21,695
    The Bank 800 North Highway 26 Lake Arthur, LA 70549 Full Service B&M $14,564

    For 2020, The Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,753
    Net interest income $13,051
    Total noninterest income $1,925
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $821
    Trading account gains and fees $0
    Additional Noninterest Income $1,104
    Pre-tax net operating income $4,266
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,355
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,355
    Minority interest net income $0
    Net income $3,355
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,355

    The Bank's gross interest income from loans was $14,753,000.
    The Bank's net interest income from loans was $13,051,000.
    The Bank's fee based income from loans was $821,000.
    The Bank's net income from loans was $3,355,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,702
    Provision for credit losses $1,371
    Total noninterest expense $9,339
    Salaries and employee benefits $5,030
    Premises and equipment expense $1,428
    Additional noninterest expense $2,881
    Applicable income taxes $911
    Net charge-offs $712
    Cash dividends $0

    The Bank's interest expense for loans was $1,702,000.
    The Bank's payroll and benefits expense were $5,030,000.
    The Bank's property, plant and equipment expenses $1,428,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 3.0%
    Nonfarm, nonresidential loans 3.0%
    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 $278,654
    Deposits held in domestic offices $278,654
    Deposits by Individuals, partnerships, and corporations $260,829
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $17,339
    Deposits by Commercial banks and other depository institutions in U.S. $486
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $135,285
    Demand deposits $84,515
    Nontransaction accounts $143,369
    Money market deposit accounts (MMDAs) $2,523
    Other savings deposits (excluding MMDAs) $72,523
    Total time deposits $68,323
    Total time and savings deposits $194,139
    Noninterest-bearing deposits $84,564
    Interest-bearing deposits $194,090
    Retail deposits $254,827
    IRAs and Keogh plan accounts $4,395
    Brokered deposits $6,433
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $314,455
    Cash & Balances due from depository institutions $45,442
    Interest-bearing balances $39,795
    Total securities $33,393
    Federal funds sold & reverse repurchase $3,000
    Net loans and leases $218,546
    Loan and leases loss allowance $3,438
    Trading account assets $0
    Bank premises and fixed assets $8,751
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $5,323

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $314,455
    Total Liabilities $282,560
    Total deposits $278,654
    Interest-bearing deposits $194,090
    Deposits held in domestic offices $278,654
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $406
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,500

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $218,546
    Loan and leases loss allowance $3,438
    Total loans and leases (domestic) $221,984
    All real estate loans $126,652
    Real estate loans in domestic offices $126,652
    Construction and development loans $16,619
    Residential 1-4 family construction $3,207
    Other construction, all land development and other land $13,412
    Loans secured by nonfarm nonresidential properties $23,993
    Nonfarm nonresidential secured by owner-occupied properties $9,821
    Commercial real estate & other non-farm, non-residential $14,172
    Multifamily residential real estate $143
    1-4 family residential loans $76,873
    Farmland loans $9,024
    Loans held in foreign offices $0
    Farm loans $17,818
    Commercial and industrial loans $43,326
    To non-U.S. addressees $0
    Loans to individuals $34,082
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $17,254
    Other loans to individuals $16,828
    All other loans & leases $106
    Loans to foreign governments and official institutions $0
    Other loans $106
    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 $235
    Non 1-4 family restructured loans & leases $183
    Total loans and leases (foreign) $0

    The Bank had $218,546,000 of loans outstanding in 2020. $126,652,000 of loans were in real estate loans. $16,619,000 of loans were in development loans. $143,000 of loans were in multifamily mortgage loans. $76,873,000 of loans were in 1-4 family mortgage loans. $17,818,000 of loans were in farm loans. $0 of loans were in credit card loans. $17,254,000 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 83 $12,867 $155,024
    Nonfarm, nonresidential loans - <$100k 30 $1,250 $41,667
    Nonfarm, nonresidential loans - $100-250k 36 $5,282 $146,722
    Nonfarm, nonresidential loans - $250k-1MM 17 $6,335 $372,647
    Commercial & Industrial, US addressed loans - <$1MM 1,078 $40,455 $37,528
    Commercial & Industrial, US addressed loans - <$100k 978 $21,964 $22,458
    Commercial & Industrial, US addressed loans - $100-250k 70 $8,662 $123,743
    Commercial & Industrial, US addressed loans - $250k-1MM 30 $9,829 $327,633
    Farmland loans - <$1MM 44 $6,705 $152,386
    Farmland loans - <$100k 13 $626 $48,154
    Farmland loans - $100-250k 22 $2,976 $135,273
    Farmland loans - $250k-1MM 9 $3,103 $344,778
    Agriculture operations loans - <$1MM 230 $13,826 $60,113
    Agriculture operations loans - <$100k 188 $5,167 $27,484
    Agriculture operations loans - $100-250k 19 $2,167 $114,053
    Agriculture operations loans - $250k-1MM 23 $6,492 $282,261