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 Home Purchase and Refi loans. The Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jennings, Lafayette, Lake Charles, Eagle Pass, and Houston among others. We have data for 19 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% 5/19/24
    30 Year Conventional Refi 8.41% 5/19/24
    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

    287

    Origination Dollar Volume (All Markets)

    $35,745,000

    Employee count

    78

    Awards

    The Bank 30 Year Conventional Loans gold The Bank 30 Year Conventional Loans gold The Bank 30 Year Conventional Loans silver
    Show all (3) 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) 104 $11,140,000 $107,115 $1,748 5.83%
    LAFAYETTE, LA (FHA|USDA|VA) 101 $9,965,000 $98,663 $1,911 6.05%
    LAKE CHARLES, LA (FHA|USDA|VA) 43 $5,785,000 $134,535 $2,291 5.96%
    Outside of Metro Areas 13 $1,985,000 $152,692 $2,022 5.43%
    Eagle Pass, TX (FHA|USDA|VA) 1 $1,655,000 $1,655,000 $0 4.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $805,000 $268,333 $5,649 4.83%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $735,000 $245,000 $2,586 4.58%
    DeRidder, LA (FHA|USDA|VA) 4 $490,000 $122,500 $1,386 6.88%
    MONROE, LA (FHA|USDA|VA) 1 $405,000 $405,000 $0 4.25%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $395,000 $395,000 $510 4.25%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $385,000 $385,000 $0 6.50%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $350,000 $175,000 $4,113 5.38%
    Opelousas, LA (FHA|USDA|VA) 3 $325,000 $108,333 $0 5.58%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $320,000 $160,000 $0 5.75%
    Greeneville, TN (FHA|USDA|VA) 1 $315,000 $315,000 $5,606 5.50%
    Fort Polk South, LA (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.40%
    Natchitoches, LA (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.50%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.25%
    LUBBOCK, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,346 4.00%
    The Bank's top markets include Jennings, Lafayette, Lake Charles, Eagle Pass, and Houston among others.

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

    Bank of Abbeville & Trust Company
    Similarity Rank: 161
    Abbeville Building & Loan (A State-Chartered Savings Bank)
    Similarity Rank: 300
    DSLD MORTGAGE, LLC
    Similarity Rank: 702
    Home Bank
    Similarity Rank: 925
    The Bank
    Similarity Rank: 1045
    TIB The Independent Bankersbank
    Similarity Rank: 2790
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 3648
    ADVANCIAL
    Similarity Rank: 4238
    Lakeview Community Capital, LLC
    Similarity Rank: 4928
    Hancock Whitney Bank
    Similarity Rank: 6144

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 287 $35,745,000 $124,547 $1,942 5.88%

    For 2021, The Bank's most frequently originated type of loan was Conventional, with 287 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 154 $21,240,000 $137,922 $2,501 5.87%
    Refi 120 $13,270,000 $110,583 $1,068 5.86%
    Other 10 $870,000 $87,000 $2,545 6.38%
    Home Improvement 3 $365,000 $121,667 $913 5.33%

    For 2021, The Bank's most frequently cited loan purpose was Home Purchase, with 154 originations. The 2nd most popular reason was Refi, with 120 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 173 $21,505,000 $124,306 $1,592 6.10%
    30 Year 48 $8,060,000 $167,917 $2,542 5.08%
    Other 23 $2,385,000 $103,696 $1,136 5.75%
    20 Year 20 $2,270,000 $113,500 $2,130 5.45%
    15 Year 8 $670,000 $83,750 $1,652 5.88%
    3 Year 7 $335,000 $47,857 $513 6.50%
    10 Year 5 $195,000 $39,000 $1,179 7.55%
    1 Year 3 $325,000 $108,333 $500 5.30%

    For 2021, The Bank's most frequently cited loan duration was 5 Year, with 173 originations. The 2nd most popular length was 30 Year, with 48 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 90 $9,460,000 $105,111
    $1k-2k 27 $3,675,000 $136,111
    $2k-3k 12 $2,870,000 $239,167
    $3k-4k 4 $1,330,000 $332,500

    The Bank's average total fees were $2,542, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 90 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 109 $12,515,000 $114,817
    4-5% 91 $16,385,000 $180,055
    6-7% 42 $3,790,000 $90,238
    Over 8% 26 $1,220,000 $46,923
    7-8% 14 $1,000,000 $71,429
    3-4% 5 $835,000 $167,000

    During 2021, The Bank's average interest rate for loans was 5.08%, while their most frequently originated rate bucket for loans was 5-6%, with 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 156 $8,800,000 $56,410 $1,461 6.30%
    $100k-200k 82 $11,400,000 $139,024 $2,054 5.52%
    $200k-400k 43 $11,335,000 $263,605 $2,962 5.20%
    $400k-600k 3 $1,315,000 $438,333 $0 4.75%
    $600k-1MM 2 $1,240,000 $620,000 $523 4.75%
    $1MM+ 1 $1,655,000 $1,655,000 $0 4.50%

    2021 saw The Bank place emphasis on $100,000 or less loans with 156 originations, totaling $8,800,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 53 $3,165,000 $59,717 $1,577 6.86%
    $100k-150k 49 $6,475,000 $132,143 $2,111 5.72%
    $150k-250k 43 $6,505,000 $151,279 $2,677 5.48%
    $50k-75k 43 $4,115,000 $95,698 $1,698 5.69%
    $75k-100k 33 $3,385,000 $102,576 $2,059 5.92%
    $250k+ 13 $3,185,000 $245,000 $1,745 5.71%

    The Bank lent most frequently to those with incomes in the $50k or less range, with 53 originations. The second most popular income band? $100k-150k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 94 $11,160,000 $118,723 $2,068 6.01%
    <20% 83 $8,975,000 $108,133 $2,220 5.86%
    30-36% 32 $3,640,000 $113,750 $1,756 5.91%
    36% 9 $855,000 $95,000 $1,549 6.58%
    50-60% 4 $820,000 $205,000 $761 6.56%
    40% 2 $140,000 $70,000 $513 6.75%
    38% 2 $190,000 $95,000 $2,923 6.13%
    39% 2 $90,000 $45,000 $523 5.63%
    41% 1 $125,000 $125,000 $2,573 4.75%
    42% 1 $55,000 $55,000 $0 6.75%
    45% 1 $65,000 $65,000 $0 6.50%
    46% 1 $95,000 $95,000 $973 5.00%
    37% 1 $335,000 $335,000 $523 4.50%
    >60% 1 $155,000 $155,000 $950 5.00%

    The Bank lent most frequently to those with DTI ratios of 20-30%, with 94 originations. The next most common DTI ratio? <20%, with 83 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 229 $26,265,000 $114,694 $1,975 5.97%
    Not applicable 52 $8,830,000 $169,808 $0 5.51%
    Black 5 $495,000 $99,000 $988 5.80%
    American Indian 1 $155,000 $155,000 $523 4.75%

    Approval Rates

    Total approvals of all applications
    99.68%

    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
    91.29%

    The Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 2 $110,000 $55,000
    10.0 8 $270,000 $33,750
    NA 277 $35,365,000 $127,671

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    287 $35,745,000 $124,547

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $1,520,000 $63,333 $1,068 5.63%
    40-60% 52 $4,380,000 $84,231 $1,527 6.03%
    60-80% 133 $17,265,000 $129,812 $1,975 5.90%
    80-100% 73 $11,745,000 $160,890 $2,469 5.74%
    Over 100% 3 $825,000 $275,000 $923 5.83%
    Under 20% 2 $10,000 $5,000 $513 8.25%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 24 16.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 13 9.2%
    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 4 2.8%
    TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 6 4.2%
    TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 37 26.1%
    TD BANK US HOLDING COMPANY FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.7%
    TD BANK US HOLDING COMPANY FHA mortgage Struggling to pay mortgage 2 1.4%
    TD BANK US HOLDING COMPANY FHA mortgage Trouble during payment process 1 0.7%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 15 10.6%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 6 4.2%
    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 2 1.4%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 11 7.7%
    TD BANK US HOLDING COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 7 4.9%
    TD BANK US HOLDING COMPANY Other type of mortgage Closing on a mortgage 1 0.7%
    TD BANK US HOLDING COMPANY Other type of mortgage Struggling to pay mortgage 1 0.7%
    TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 6 4.2%
    TD BANK US HOLDING COMPANY VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.4%
    TD BANK US HOLDING COMPANY VA mortgage Trouble during payment process 1 0.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Bank 1012 The Boulevard Rayne, LA 70578 Full Service B&M $14,300
    The Bank 113 West Russell Avenue Welsh, LA 70591 Full Service B&M $23,894
    The Bank 114 North Thomson Avenue Iowa, LA 70647 Full Service B&M $60,915
    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 $164,044
    The Bank 1311 North Parkerson Avenue Crowley, LA 70526 Full Service B&M $9,466
    The Bank 413 St. Joseph Avenue Iota, LA 70543 Full Service B&M $25,808
    The Bank 800 North Highway 26 Lake Arthur, LA 70549 Full Service B&M $18,066

    For 2021, The Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,571
    Net interest income $16,503
    Total noninterest income $2,376
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $994
    Trading account gains and fees $0
    Additional Noninterest Income $1,382
    Pre-tax net operating income $7,883
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,234
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,234
    Minority interest net income $0
    Net income $6,234
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,234

    The Bank's gross interest income from loans was $17,571,000.
    The Bank's net interest income from loans was $16,503,000.
    The Bank's fee based income from loans was $994,000.
    The Bank's net income from loans was $6,234,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,068
    Provision for credit losses $783
    Total noninterest expense $10,213
    Salaries and employee benefits $5,442
    Premises and equipment expense $1,528
    Additional noninterest expense $3,243
    Applicable income taxes $1,649
    Net charge-offs $410
    Cash dividends $1,000

    The Bank's interest expense for loans was $1,068,000.
    The Bank's payroll and benefits expense were $5,442,000.
    The Bank's property, plant and equipment expenses $1,528,000.

    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 $313,961
    Deposits held in domestic offices $313,961
    Deposits by Individuals, partnerships, and corporations $292,854
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,454
    Deposits by Commercial banks and other depository institutions in U.S. $653
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $166,726
    Demand deposits $112,297
    Nontransaction accounts $147,235
    Money market deposit accounts (MMDAs) $1,939
    Other savings deposits (excluding MMDAs) $84,964
    Total time deposits $60,332
    Total time and savings deposits $201,664
    Noninterest-bearing deposits $102,044
    Interest-bearing deposits $211,918
    Retail deposits $292,415
    IRAs and Keogh plan accounts $4,869
    Brokered deposits $1,795
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $355,683
    Cash & Balances due from depository institutions $34,434
    Interest-bearing balances $24,670
    Total securities $42,029
    Federal funds sold & reverse repurchase $2,925
    Net loans and leases $261,342
    Loan and leases loss allowance $3,811
    Trading account assets $0
    Bank premises and fixed assets $8,745
    Other real estate owned $689
    Goodwill and other intangibles $0
    All other assets $5,519

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $355,683
    Total Liabilities $319,251
    Total deposits $313,961
    Interest-bearing deposits $211,918
    Deposits held in domestic offices $313,961
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $1,727
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,563

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $261,342
    Loan and leases loss allowance $3,811
    Total loans and leases (domestic) $265,153
    All real estate loans $154,464
    Real estate loans in domestic offices $154,464
    Construction and development loans $29,196
    Residential 1-4 family construction $5,286
    Other construction, all land development and other land $23,910
    Loans secured by nonfarm nonresidential properties $26,136
    Nonfarm nonresidential secured by owner-occupied properties $10,417
    Commercial real estate & other non-farm, non-residential $15,719
    Multifamily residential real estate $420
    1-4 family residential loans $88,135
    Farmland loans $10,577
    Loans held in foreign offices $0
    Farm loans $19,049
    Commercial and industrial loans $46,973
    To non-U.S. addressees $0
    Loans to individuals $44,568
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $25,618
    Other loans to individuals $18,950
    All other loans & leases $99
    Loans to foreign governments and official institutions $0
    Other loans $99
    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 $386
    Non 1-4 family restructured loans & leases $250
    Total loans and leases (foreign) $0

    The Bank had $261,342,000 of loans outstanding in 2021. $154,464,000 of loans were in real estate loans. $29,196,000 of loans were in development loans. $420,000 of loans were in multifamily mortgage loans. $88,135,000 of loans were in 1-4 family mortgage loans. $19,049,000 of loans were in farm loans. $0 of loans were in credit card loans. $25,618,000 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 98 $16,346 $166,796
    Nonfarm, nonresidential loans - <$100k 36 $1,835 $50,972
    Nonfarm, nonresidential loans - $100-250k 36 $5,048 $140,222
    Nonfarm, nonresidential loans - $250k-1MM 26 $9,463 $363,962
    Commercial & Industrial, US addressed loans - <$1MM 1,146 $44,247 $38,610
    Commercial & Industrial, US addressed loans - <$100k 1,037 $24,662 $23,782
    Commercial & Industrial, US addressed loans - $100-250k 83 $10,137 $122,133
    Commercial & Industrial, US addressed loans - $250k-1MM 26 $9,448 $363,385
    Farmland loans - <$1MM 42 $5,651 $134,548
    Farmland loans - <$100k 16 $781 $48,813
    Farmland loans - $100-250k 20 $2,764 $138,200
    Farmland loans - $250k-1MM 6 $2,106 $351,000
    Agriculture operations loans - <$1MM 253 $12,561 $49,648
    Agriculture operations loans - <$100k 198 $5,564 $28,101
    Agriculture operations loans - $100-250k 33 $2,814 $85,273
    Agriculture operations loans - $250k-1MM 22 $4,183 $190,136