Vermilion Bank & Trust Company Mortgage Rates, Fees & Info
Kaplan, LALEI: 549300NO5XZV44V0UV76
Tax ID: 72-0503829
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Mortgage Data
Bank Data
Review & Overview
Vermilion Bank & Trust Company is a smaller bank specializing in Cash Out Refi, Refi, and Home Purchase loans. Vermilion Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Jennings, Lake Charles, and Baton Rouge among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Vermilion Bank & Trust Company has an above average approval rate when compared to the average across all lenders.
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Originations
85Origination Dollar Volume (All Markets)
$6,505,000Employee count
29Top 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 |
|---|---|---|---|---|---|
| LAFAYETTE, LA (FHA|USDA|VA) | 78 | $6,070,000 | $77,821 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $6,505,000 | $76,529 | $0 | 0.00% |
For 2019, Vermilion Bank & Trust Company's most frequently originated type of loan was Conventional, with 85 originations.
Loan Reason
For 2019, Vermilion Bank & Trust Company's most frequently cited loan purpose was Cash Out Refi, with 48 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 85 | $6,505,000 | $76,529 | $0 | 0.00% |
For 2019, Vermilion Bank & Trust Company's most frequently cited loan duration was Other, with 85 originations.
Loan Sizing
2019 saw Vermilion Bank & Trust Company place emphasis on $100,000 or less loans with 64 originations, totaling $2,330,000 in origination value.
Applicant Income
Vermilion Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $50k-75k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 85 | $6,505,000 | $76,529 | $0 | 0.00% |
Vermilion Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 85 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Vermilion Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 85 | $6,505,000 | $76,529 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Vermilion Bank & Trust Company | 211 Main Street Gueydan, LA 70542 | Full Service B&M | $7,955 |
| Vermilion Bank & Trust Company | 420 N Cushing Ave Kaplan, LA 70548 | Full Service B&M | $88,926 |
| Vermilion Bank & Trust Company | West Highway 14 And Trahan Avenue Kaplan, LA 70548 | Full Service B&M | $0 |
For 2019, Vermilion Bank & Trust Company had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $5,117 |
| Net interest income | $4,681 |
| Total noninterest income | $900 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $530 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $370 |
| Pre-tax net operating income | $1,548 |
| Securities gains (or losses, -) | $2 |
| Income before extraordinary items | $1,550 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,550 |
| Minority interest net income | $0 |
| Net income | $1,550 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,548 |
Vermilion Bank & Trust Company's gross interest income from loans was $5,117,000.
Vermilion Bank & Trust Company's net interest income from loans was $4,681,000.
Vermilion Bank & Trust Company's fee based income from loans was $530,000.
Vermilion Bank & Trust Company's net income from loans was $1,550,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $436 |
| Provision for credit losses | $480 |
| Total noninterest expense | $3,553 |
| Salaries and employee benefits | $2,128 |
| Premises and equipment expense | $304 |
| Additional noninterest expense | $1,121 |
| Applicable income taxes | $0 |
| Net charge-offs | $229 |
| Cash dividends | $1,222 |
Vermilion Bank & Trust Company's interest expense for loans was $436,000.
Vermilion Bank & Trust Company's payroll and benefits expense were $2,128,000.
Vermilion Bank & Trust Company's property, plant and equipment expenses $304,000.
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 | 0.0% |
| Nonfarm, nonresidential loans | 1.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 3.0% |
| HELOC loans | 0.0% |
| All other family | 3.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 2.0% |
| Other consumer loans | 1.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $115,189 |
| Deposits held in domestic offices | $115,189 |
| Deposits by Individuals, partnerships, and corporations | $76,109 |
| Deposits by U.S. Government | $16 |
| Deposits by States and political subdivisions in the U.S. | $39,061 |
| Deposits by Commercial banks and other depository institutions in U.S. | $3 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $61,446 |
| Demand deposits | $21,892 |
| Nontransaction accounts | $53,743 |
| Money market deposit accounts (MMDAs) | $6,722 |
| Other savings deposits (excluding MMDAs) | $15,849 |
| Total time deposits | $31,172 |
| Total time and savings deposits | $93,297 |
| Noninterest-bearing deposits | $22,439 |
| Interest-bearing deposits | $92,750 |
| Retail deposits | $104,562 |
| IRAs and Keogh plan accounts | $4,485 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $128,641 |
| Cash & Balances due from depository institutions | $37,436 |
| Interest-bearing balances | $33,616 |
| Total securities | $21,267 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $66,932 |
| Loan and leases loss allowance | $1,215 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $324 |
| Other real estate owned | $100 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,582 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $128,641 |
| Total Liabilities | $116,388 |
| Total deposits | $115,189 |
| Interest-bearing deposits | $92,750 |
| Deposits held in domestic offices | $115,189 |
| % insured (estimated) | $66 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $1,199 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $66,932 |
| Loan and leases loss allowance | $1,215 |
| Total loans and leases (domestic) | $68,147 |
| All real estate loans | $50,774 |
| Real estate loans in domestic offices | $50,774 |
| Construction and development loans | $749 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $749 |
| Loans secured by nonfarm nonresidential properties | $20,813 |
| Nonfarm nonresidential secured by owner-occupied properties | $20,085 |
| Commercial real estate & other non-farm, non-residential | $728 |
| Multifamily residential real estate | $1,686 |
| 1-4 family residential loans | $23,502 |
| Farmland loans | $4,024 |
| Loans held in foreign offices | $0 |
| Farm loans | $4,221 |
| Commercial and industrial loans | $7,630 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $5,522 |
| Credit card loans | $850 |
| Related Plans | $0 |
| Consumer Auto Loans | $2,481 |
| Other loans to individuals | $2,191 |
| 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 | $3,966 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,003 |
| Non 1-4 family restructured loans & leases | $729 |
| Total loans and leases (foreign) | $0 |
Vermilion Bank & Trust Company had $66,932,000 of loans outstanding in 2019. $50,774,000 of loans were in real estate loans. $749,000 of loans were in development loans. $1,686,000 of loans were in multifamily mortgage loans. $23,502,000 of loans were in 1-4 family mortgage loans. $4,221,000 of loans were in farm loans. $850,000 of loans were in credit card loans. $2,481,000 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 | 122 | $20,813 | $170,598 |
| Nonfarm, nonresidential loans - <$100k | 122 | $20,813 | $170,598 |
| Commercial & Industrial, US addressed loans - <$1MM | 190 | $7,630 | $40,158 |
| Commercial & Industrial, US addressed loans - <$100k | 190 | $7,630 | $40,158 |
| Farmland loans - <$1MM | 52 | $4,024 | $77,385 |
| Farmland loans - <$100k | 52 | $4,024 | $77,385 |
| Agriculture operations loans - <$1MM | 76 | $4,221 | $55,539 |
| Agriculture operations loans - <$100k | 76 | $4,221 | $55,539 |