Landmark Bank Mortgage Rates, Fees & Info

Clinton, LA

LEI: 549300M63SGBHKKBOE21

Tax ID: 72-0155250

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Mortgage Data

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

    Landmark Bank is a smaller bank specializing in Refi and Home Purchase loans. Landmark Bank has a high proportion of conventional loans. Their top (well, only) market is Baton Rouge.

    Landmark 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

    107

    Origination Dollar Volume (All Markets)

    $11,775,000

    Employee count

    42

    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
    BATON ROUGE, LA (FHA|USDA|VA) 107 $11,775,000 $110,047 $0 0.00%
    Landmark Bank's top markets include and Baton Rouge among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 107 $11,775,000 $110,047 $0 0.00%

    For 2019, Landmark Bank's most frequently originated type of loan was Conventional, with 107 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 63 $5,525,000 $87,698 $0 0.00%
    Home Purchase 41 $5,915,000 $144,268 $0 0.00%
    Home Improvement 2 $90,000 $45,000 $0 0.00%
    Other 1 $245,000 $245,000 $0 0.00%

    For 2019, Landmark Bank's most frequently cited loan purpose was Refi, with 63 originations. The 2nd most popular reason was Home Purchase, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 107 $11,775,000 $110,047 $0 0.00%

    For 2019, Landmark Bank's most frequently cited loan duration was Other, with 107 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $3,115,000 $52,797 $0 0.00%
    $100k-200k 36 $4,830,000 $134,167 $0 0.00%
    $200k-400k 9 $2,305,000 $256,111 $0 0.00%
    $400k-600k 2 $890,000 $445,000 $0 0.00%
    $600k-1MM 1 $635,000 $635,000 $0 0.00%

    2019 saw Landmark Bank place emphasis on $100,000 or less loans with 59 originations, totaling $3,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 12 $1,160,000 $96,667 $0 0.00%
    $150k-250k 11 $1,235,000 $112,273 $0 0.00%
    $50k or less 11 $615,000 $55,909 $0 0.00%
    $100k-150k 9 $765,000 $85,000 $0 0.00%
    $250k+ 9 $1,365,000 $151,667 $0 0.00%
    $50k-75k 9 $1,185,000 $131,667 $0 0.00%

    Landmark Bank lent most frequently to those with incomes in the $75k-100k range, with 12 originations. The second most popular income band? $150k-250k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 107 $11,775,000 $110,047 $0 0.00%

    Landmark Bank lent most frequently to those with DTI ratios of Exempt%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 41 $4,835,000 $117,927 $0 0.00%
    Not applicable 41 $4,595,000 $112,073 $0 0.00%
    Black 25 $2,345,000 $93,800 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.67%

    Landmark Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.90%

    Landmark Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 107 $11,775,000 $110,047

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $435,000 $435,000
    Single Family (1-4 Units):Manufactured 7 $325,000 $46,429
    Single Family (1-4 Units):Site-Built 99 $11,015,000 $111,263

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Lendmark Financial Services Other type of mortgage Improper use of your report 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Landmark Bank 12225 St. Helena Street Clinton, LA 70722 Full Service B&M $80,834
    Landmark Bank 1858 Church Street Zachary, LA 70791 Full Service B&M $2,609
    Landmark Bank 20070 Plank Road Zachary, LA 70791 Full Service B&M $23,291
    Landmark Bank 31 Kendrick Greensburg, LA 70441 Full Service B&M $4,640

    For 2019, Landmark Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,192
    Net interest income $5,367
    Total noninterest income $525
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $357
    Trading account gains and fees $0
    Additional Noninterest Income $168
    Pre-tax net operating income $599
    Securities gains (or losses, -) $61
    Income before extraordinary items $660
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $660
    Minority interest net income $0
    Net income $660
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $599

    Landmark Bank's gross interest income from loans was $6,192,000.
    Landmark Bank's net interest income from loans was $5,367,000.
    Landmark Bank's fee based income from loans was $357,000.
    Landmark Bank's net income from loans was $660,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $825
    Provision for credit losses $411
    Total noninterest expense $4,882
    Salaries and employee benefits $2,789
    Premises and equipment expense $613
    Additional noninterest expense $1,480
    Applicable income taxes $0
    Net charge-offs $186
    Cash dividends $615

    Landmark Bank's interest expense for loans was $825,000.
    Landmark Bank's payroll and benefits expense were $2,789,000.
    Landmark Bank's property, plant and equipment expenses $613,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 3.0%
    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 $115,415
    Deposits held in domestic offices $115,415
    Deposits by Individuals, partnerships, and corporations $103,621
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,794
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $55,991
    Demand deposits $31,298
    Nontransaction accounts $59,424
    Money market deposit accounts (MMDAs) $12,375
    Other savings deposits (excluding MMDAs) $19,588
    Total time deposits $27,461
    Total time and savings deposits $84,117
    Noninterest-bearing deposits $31,120
    Interest-bearing deposits $84,295
    Retail deposits $107,118
    IRAs and Keogh plan accounts $1,100
    Brokered deposits $5,393
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $141,820
    Cash & Balances due from depository institutions $2,946
    Interest-bearing balances $838
    Total securities $22,353
    Federal funds sold & reverse repurchase $9,925
    Net loans and leases $96,354
    Loan and leases loss allowance $856
    Trading account assets $0
    Bank premises and fixed assets $2,745
    Other real estate owned $1,872
    Goodwill and other intangibles $0
    All other assets $5,625

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $141,820
    Total Liabilities $127,651
    Total deposits $115,415
    Interest-bearing deposits $84,295
    Deposits held in domestic offices $115,415
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $12,013
    Subordinated debt $0
    All other liabilities $223

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $96,354
    Loan and leases loss allowance $856
    Total loans and leases (domestic) $97,210
    All real estate loans $79,516
    Real estate loans in domestic offices $79,516
    Construction and development loans $16,522
    Residential 1-4 family construction $3,039
    Other construction, all land development and other land $13,483
    Loans secured by nonfarm nonresidential properties $13,992
    Nonfarm nonresidential secured by owner-occupied properties $13,785
    Commercial real estate & other non-farm, non-residential $207
    Multifamily residential real estate $782
    1-4 family residential loans $41,973
    Farmland loans $6,247
    Loans held in foreign offices $0
    Farm loans $2,970
    Commercial and industrial loans $10,794
    To non-U.S. addressees $0
    Loans to individuals $3,930
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $82
    Other loans to individuals $3,848
    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 $267
    Non 1-4 family restructured loans & leases $92
    Total loans and leases (foreign) $0

    Landmark Bank had $96,354,000 of loans outstanding in 2019. $79,516,000 of loans were in real estate loans. $16,522,000 of loans were in development loans. $782,000 of loans were in multifamily mortgage loans. $41,973,000 of loans were in 1-4 family mortgage loans. $2,970,000 of loans were in farm loans. $0 of loans were in credit card loans. $82,000 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 65 $9,468 $145,662
    Nonfarm, nonresidential loans - <$100k 26 $1,182 $45,462
    Nonfarm, nonresidential loans - $100-250k 26 $3,221 $123,885
    Nonfarm, nonresidential loans - $250k-1MM 13 $5,065 $389,615
    Commercial & Industrial, US addressed loans - <$1MM 229 $10,794 $47,135
    Commercial & Industrial, US addressed loans - <$100k 185 $3,997 $21,605
    Commercial & Industrial, US addressed loans - $100-250k 35 $3,835 $109,571
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $2,962 $329,111
    Farmland loans - <$1MM 52 $5,708 $109,769
    Farmland loans - <$100k 28 $1,258 $44,929
    Farmland loans - $100-250k 19 $2,831 $149,000
    Farmland loans - $250k-1MM 5 $1,619 $323,800
    Agriculture operations loans - <$1MM 21 $915 $43,571
    Agriculture operations loans - <$100k 17 $400 $23,529
    Agriculture operations loans - $100-250k 4 $515 $128,750