Guaranty Bank And Trust Company Mortgage Rates, Fees & Info

New Roads, LA

LEI: 549300MZ53GGF2499G54

Tax ID: 72-0493576

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Mortgage Data

Bank Data

Review & Overview

Guaranty Bank And Trust Company is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Guaranty Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Baton Rouge, Hammond, New Orleans, and Lafayette among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Guaranty Bank And Trust Company 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.

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Originations

159

Origination Dollar Volume (All Markets)

$24,875,000

Employee count

58

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) 154 $24,220,000 $157,273 $0 0.00%
HAMMOND, LA (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
Outside of Metro Areas 1 $145,000 $145,000 $0 0.00%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
LAFAYETTE, LA (FHA|USDA|VA) 1 $5,000 $5,000 $0 0.00%
Guaranty Bank And Trust Company's top markets include Baton Rouge, Hammond, New Orleans, and Lafayette among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 159 $24,875,000 $156,447 $0 0.00%

    For 2019, Guaranty Bank And Trust Company's most frequently originated type of loan was Conventional, with 159 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 80 $9,510,000 $118,875 $0 0.00%
    Home Purchase 43 $8,985,000 $208,953 $0 0.00%
    Cash Out Refi 21 $5,605,000 $266,905 $0 0.00%
    Home Improvement 8 $450,000 $56,250 $0 0.00%
    Other 7 $325,000 $46,429 $0 0.00%

    For 2019, Guaranty Bank And Trust Company's most frequently cited loan purpose was Refi, with 80 originations. The 2nd most popular reason was Home Purchase, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 159 $24,875,000 $156,447 $0 0.00%

    For 2019, Guaranty Bank And Trust Company's most frequently cited loan duration was Other, with 159 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 94 $4,560,000 $48,511 $0 0.00%
    $100k-200k 30 $4,450,000 $148,333 $0 0.00%
    $200k-400k 22 $6,140,000 $279,091 $0 0.00%
    $400k-600k 7 $3,395,000 $485,000 $0 0.00%
    $600k-1MM 4 $2,910,000 $727,500 $0 0.00%
    $1MM+ 2 $3,420,000 $1,710,000 $0 0.00%

    2019 saw Guaranty Bank And Trust Company place emphasis on $100,000 or less loans with 94 originations, totaling $4,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 37 $2,135,000 $57,703 $0 0.00%
    $50k-75k 29 $2,705,000 $93,276 $0 0.00%
    $100k-150k 27 $3,405,000 $126,111 $0 0.00%
    $150k-250k 19 $4,105,000 $216,053 $0 0.00%
    $75k-100k 17 $2,205,000 $129,706 $0 0.00%
    $250k+ 1 $255,000 $255,000 $0 0.00%

    Guaranty Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 37 originations. The second most popular income band? $50k-75k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 159 $24,875,000 $156,447 $0 0.00%

    Guaranty Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 159 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $14,190,000 $150,957 $0 0.00%
    Not applicable 26 $7,170,000 $275,769 $0 0.00%
    Black 39 $3,515,000 $90,128 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.23%

    Guaranty Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.42%

    Guaranty Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 159 $24,875,000 $156,447

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $780,000 $390,000
    Multifamily:Site-Built 8 $3,310,000 $413,750
    Single Family (1-4 Units):Manufactured 25 $1,135,000 $45,400
    Single Family (1-4 Units):Site-Built 124 $19,650,000 $158,468

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    GUARANTEED HOME MORTGAGE COMPANY FHA mortgage Struggling to pay mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Guaranty Bank and Trust Company 1086 Lobdell Highway Port Allen, LA 70767 Full Service B&M $21,752
    Guaranty Bank and Trust Company 11070 State Highway 77 Maringouin, LA 70757 Full Service B&M $23,208
    Guaranty Bank and Trust Company 17445 La-77 Grosse Tete, LA 70740 Full Service B&M $11,711
    Guaranty Bank and Trust Company 175 New Roads Street New Roads, LA 70760 Full Service B&M $84,688
    Guaranty Bank and Trust Company 3026 Highway 78 Livonia, LA 70755 Full Service B&M $26,758
    Guaranty Bank and Trust Company 6800 Main Street Zachary, LA 70791 Full Service B&M $11,131

    For 2019, Guaranty Bank And Trust Company had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,785
    Net interest income $9,644
    Total noninterest income $857
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $646
    Trading account gains and fees $0
    Additional Noninterest Income $211
    Pre-tax net operating income $4,015
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,181
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,181
    Minority interest net income $0
    Net income $3,181
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,181

    Guaranty Bank And Trust Company's gross interest income from loans was $10,785,000.
    Guaranty Bank And Trust Company's net interest income from loans was $9,644,000.
    Guaranty Bank And Trust Company's fee based income from loans was $646,000.
    Guaranty Bank And Trust Company's net income from loans was $3,181,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,141
    Provision for credit losses $260
    Total noninterest expense $6,226
    Salaries and employee benefits $3,823
    Premises and equipment expense $744
    Additional noninterest expense $1,659
    Applicable income taxes $834
    Net charge-offs $90
    Cash dividends $837

    Guaranty Bank And Trust Company's interest expense for loans was $1,141,000.
    Guaranty Bank And Trust Company's payroll and benefits expense were $3,823,000.
    Guaranty Bank And Trust Company's property, plant and equipment expenses $744,000.

    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 $187,133
    Deposits held in domestic offices $187,133
    Deposits by Individuals, partnerships, and corporations $160,853
    Deposits by U.S. Government $46
    Deposits by States and political subdivisions in the U.S. $26,234
    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 $87,341
    Demand deposits $52,189
    Nontransaction accounts $99,792
    Money market deposit accounts (MMDAs) $7,847
    Other savings deposits (excluding MMDAs) $42,278
    Total time deposits $49,667
    Total time and savings deposits $134,944
    Noninterest-bearing deposits $52,189
    Interest-bearing deposits $134,944
    Retail deposits $181,805
    IRAs and Keogh plan accounts $9,507
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $216,456
    Cash & Balances due from depository institutions $5,479
    Interest-bearing balances $266
    Total securities $30,281
    Federal funds sold & reverse repurchase $0
    Net loans and leases $173,381
    Loan and leases loss allowance $1,766
    Trading account assets $0
    Bank premises and fixed assets $4,494
    Other real estate owned $118
    Goodwill and other intangibles $166
    All other assets $2,537

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $216,456
    Total Liabilities $187,403
    Total deposits $187,133
    Interest-bearing deposits $134,944
    Deposits held in domestic offices $187,133
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $270

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $173,381
    Loan and leases loss allowance $1,766
    Total loans and leases (domestic) $175,147
    All real estate loans $145,254
    Real estate loans in domestic offices $145,254
    Construction and development loans $28,569
    Residential 1-4 family construction $9,008
    Other construction, all land development and other land $19,561
    Loans secured by nonfarm nonresidential properties $34,394
    Nonfarm nonresidential secured by owner-occupied properties $15,446
    Commercial real estate & other non-farm, non-residential $18,948
    Multifamily residential real estate $7,668
    1-4 family residential loans $69,128
    Farmland loans $5,495
    Loans held in foreign offices $0
    Farm loans $19,139
    Commercial and industrial loans $6,081
    To non-U.S. addressees $0
    Loans to individuals $4,529
    Credit card loans $0
    Related Plans $64
    Consumer Auto Loans $919
    Other loans to individuals $3,546
    All other loans & leases $144
    Loans to foreign governments and official institutions $0
    Other loans $40
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Guaranty Bank and Trust Company had $173,381,000 of loans outstanding in 2019. $145,254,000 of loans were in real estate loans. $28,569,000 of loans were in development loans. $7,668,000 of loans were in multifamily mortgage loans. $69,128,000 of loans were in 1-4 family mortgage loans. $19,139,000 of loans were in farm loans. $0 of loans were in credit card loans. $919,000 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 76 $18,322 $241,079
    Nonfarm, nonresidential loans - <$100k 25 $1,278 $51,120
    Nonfarm, nonresidential loans - $100-250k 21 $3,246 $154,571
    Nonfarm, nonresidential loans - $250k-1MM 30 $13,798 $459,933
    Commercial & Industrial, US addressed loans - <$1MM 72 $4,934 $68,528
    Commercial & Industrial, US addressed loans - <$100k 53 $1,056 $19,925
    Commercial & Industrial, US addressed loans - $100-250k 14 $1,604 $114,571
    Commercial & Industrial, US addressed loans - $250k-1MM 5 $2,274 $454,800
    Farmland loans - <$1MM 27 $3,252 $120,444
    Farmland loans - <$100k 13 $456 $35,077
    Farmland loans - $100-250k 9 $1,268 $140,889
    Farmland loans - $250k-1MM 5 $1,528 $305,600
    Agriculture operations loans - <$1MM 31 $2,116 $68,258
    Agriculture operations loans - <$100k 19 $429 $22,579
    Agriculture operations loans - $100-250k 7 $797 $113,857
    Agriculture operations loans - $250k-1MM 5 $890 $178,000