Vermilion Bank & Trust Company Mortgage Rates, Fees & Info

Kaplan, LA

LEI: 549300NO5XZV44V0UV76

Tax ID: 72-0503829

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Mortgage Data

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

    Vermilion Bank & Trust Company is a smaller bank specializing in Cash Out Refi and Refi loans. Vermilion Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Jennings, New Orleans, and Lake Charles 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.

    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

    89

    Origination Dollar Volume (All Markets)

    $9,445,000

    Employee count

    29

    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
    LAFAYETTE, LA (FHA|USDA|VA) 86 $9,160,000 $106,512 $0 0.00%
    Jennings, LA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Vermilion Bank & Trust Company's top markets include Lafayette, Jennings, New Orleans, and Lake Charles among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 89 $9,445,000 $106,124 $0 0.00%

    For 2020, Vermilion Bank & Trust Company's most frequently originated type of loan was Conventional, with 89 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 45 $4,005,000 $89,000 $0 0.00%
    Refi 23 $4,405,000 $191,522 $0 0.00%
    Home Purchase 17 $935,000 $55,000 $0 0.00%
    Home Improvement 4 $100,000 $25,000 $0 0.00%

    For 2020, Vermilion Bank & Trust Company's most frequently cited loan purpose was Cash Out Refi, with 45 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 89 $9,445,000 $106,124 $0 0.00%

    For 2020, Vermilion Bank & Trust Company's most frequently cited loan duration was Other, with 89 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,055,000 $47,000 $0 0.00%
    $100k-200k 14 $1,920,000 $137,143 $0 0.00%
    $200k-400k 8 $2,010,000 $251,250 $0 0.00%
    $1MM+ 1 $2,005,000 $2,005,000 $0 0.00%
    $400k-600k 1 $455,000 $455,000 $0 0.00%

    2020 saw Vermilion Bank & Trust Company place emphasis on $100,000 or less loans with 65 originations, totaling $3,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 22 $1,240,000 $56,364 $0 0.00%
    $100k-150k 19 $1,695,000 $89,211 $0 0.00%
    $50k-75k 13 $745,000 $57,308 $0 0.00%
    $75k-100k 11 $695,000 $63,182 $0 0.00%
    $250k+ 9 $1,795,000 $199,444 $0 0.00%
    $150k-250k 8 $700,000 $87,500 $0 0.00%

    Vermilion Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 22 originations. The second most popular income band? $100k-150k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 89 $9,445,000 $106,124 $0 0.00%

    Vermilion Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 89 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 82 $6,810,000 $83,049 $0 0.00%
    Not applicable 4 $2,450,000 $612,500 $0 0.00%
    Asian Indian 1 $105,000 $105,000 $0 0.00%
    Black 2 $80,000 $40,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.89%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 89 $9,445,000 $106,124

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 11 $635,000 $57,727
    Single Family (1-4 Units):Site-Built 78 $8,810,000 $112,949

    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 $8,377
    Vermilion Bank & Trust Company 420 N Cushing Ave Kaplan, LA 70548 Full Service B&M $103,256
    Vermilion Bank & Trust Company West Highway 14 And Trahan Avenue Kaplan, LA 70548 Full Service B&M $0

    For 2020, Vermilion Bank & Trust Company had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,772
    Net interest income $4,405
    Total noninterest income $977
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $457
    Trading account gains and fees $0
    Additional Noninterest Income $520
    Pre-tax net operating income $1,668
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,668
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,668
    Minority interest net income $0
    Net income $1,668
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,668

    Vermilion Bank & Trust Company's gross interest income from loans was $4,772,000.
    Vermilion Bank & Trust Company's net interest income from loans was $4,405,000.
    Vermilion Bank & Trust Company's fee based income from loans was $457,000.
    Vermilion Bank & Trust Company's net income from loans was $1,668,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $367
    Provision for credit losses $355
    Total noninterest expense $3,359
    Salaries and employee benefits $1,923
    Premises and equipment expense $311
    Additional noninterest expense $1,125
    Applicable income taxes $0
    Net charge-offs $-42
    Cash dividends $1,292

    Vermilion Bank & Trust Company's interest expense for loans was $367,000.
    Vermilion Bank & Trust Company's payroll and benefits expense were $1,923,000.
    Vermilion Bank & Trust Company's property, plant and equipment expenses $311,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    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 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 3.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $144,313
    Deposits held in domestic offices $144,313
    Deposits by Individuals, partnerships, and corporations $99,600
    Deposits by U.S. Government $23
    Deposits by States and political subdivisions in the U.S. $44,687
    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 $79,204
    Demand deposits $29,361
    Nontransaction accounts $65,109
    Money market deposit accounts (MMDAs) $7,663
    Other savings deposits (excluding MMDAs) $22,130
    Total time deposits $35,316
    Total time and savings deposits $114,952
    Noninterest-bearing deposits $29,919
    Interest-bearing deposits $114,394
    Retail deposits $129,812
    IRAs and Keogh plan accounts $5,284
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $158,244
    Cash & Balances due from depository institutions $61,480
    Interest-bearing balances $59,902
    Total securities $26,655
    Federal funds sold & reverse repurchase $100
    Net loans and leases $66,951
    Loan and leases loss allowance $1,612
    Trading account assets $0
    Bank premises and fixed assets $386
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,672

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $158,244
    Total Liabilities $145,399
    Total deposits $144,313
    Interest-bearing deposits $114,394
    Deposits held in domestic offices $144,313
    % insured (estimated) $63
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,086

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $66,951
    Loan and leases loss allowance $1,612
    Total loans and leases (domestic) $68,563
    All real estate loans $51,591
    Real estate loans in domestic offices $51,591
    Construction and development loans $718
    Residential 1-4 family construction $0
    Other construction, all land development and other land $718
    Loans secured by nonfarm nonresidential properties $19,282
    Nonfarm nonresidential secured by owner-occupied properties $18,356
    Commercial real estate & other non-farm, non-residential $926
    Multifamily residential real estate $1,555
    1-4 family residential loans $25,999
    Farmland loans $4,037
    Loans held in foreign offices $0
    Farm loans $3,858
    Commercial and industrial loans $7,904
    To non-U.S. addressees $0
    Loans to individuals $5,210
    Credit card loans $791
    Related Plans $0
    Consumer Auto Loans $2,198
    Other loans to individuals $2,221
    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 $3,039
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $844
    Non 1-4 family restructured loans & leases $689
    Total loans and leases (foreign) $0

    Vermilion Bank & Trust Company had $66,951,000 of loans outstanding in 2020. $51,591,000 of loans were in real estate loans. $718,000 of loans were in development loans. $1,555,000 of loans were in multifamily mortgage loans. $25,999,000 of loans were in 1-4 family mortgage loans. $3,858,000 of loans were in farm loans. $791,000 of loans were in credit card loans. $2,198,000 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 116 $12,737 $109,802
    Nonfarm, nonresidential loans - <$100k 71 $1,886 $26,563
    Nonfarm, nonresidential loans - $100-250k 22 $2,459 $111,773
    Nonfarm, nonresidential loans - $250k-1MM 23 $8,392 $364,870
    Commercial & Industrial, US addressed loans - <$1MM 249 $6,361 $25,546
    Commercial & Industrial, US addressed loans - <$100k 236 $3,411 $14,453
    Commercial & Industrial, US addressed loans - $100-250k 8 $937 $117,125
    Commercial & Industrial, US addressed loans - $250k-1MM 5 $2,013 $402,600
    Farmland loans - <$1MM 54 $4,037 $74,759
    Farmland loans - <$100k 54 $4,037 $74,759
    Agriculture operations loans - <$1MM 59 $3,858 $65,390
    Agriculture operations loans - <$100k 59 $3,858 $65,390