Jeff Davis Bancshares Mortgage Rates, Fees & Info

Jennings, LA

LEI: 549300RO0FORROX83086

Tax ID: 72-1176368

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
  • 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

    Jeff Davis Bancshares is a smaller mortgage company specializing in Refi and Home Purchase loans. Jeff Davis Bancshares has a high proportion of conventional loans. Their top markets by origination volume include: Lake Charles, Lafayette, Jennings, Opelousas, and New Orleans among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Jeff Davis Bancshares 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. Jeff Davis Bancshares 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 relatively high 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 7.19% 11/22/24
    30 Year Conventional Refi 7.10% 11/22/24
    30 Year Cash-out Refi 7.16% 11/22/24
    15 Year Conventional Purchase 7.71% 11/22/24
    15 Year Conventional Refi 7.97% 11/22/24
    15 Year Cash-out Refi 7.97% 11/22/24
    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.

    Jeff Davis Bancshares Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Jeff Davis Bancshares. 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

    531

    Origination Dollar Volume (All Markets)

    $52,295,000

    Employee count

    244

    Awards

    Jeff Davis Bancshares 30 Year Conventional Loans gold Jeff Davis Bancshares 30 Year Conventional Loans gold Jeff Davis Bancshares 30 Year Conventional Loans gold Jeff Davis Bancshares 30 Year Conventional Loans gold
    Show all (4) 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
    LAKE CHARLES, LA (FHA|USDA|VA) 259 $27,605,000 $106,583 $1,048 6.35%
    LAFAYETTE, LA (FHA|USDA|VA) 64 $10,060,000 $157,188 $1,529 5.91%
    Outside of Metro Areas 96 $5,540,000 $57,708 $922 6.23%
    Jennings, LA (FHA|USDA|VA) 69 $4,325,000 $62,681 $793 6.22%
    Opelousas, LA (FHA|USDA|VA) 27 $2,845,000 $105,370 $1,261 6.08%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $765,000 $255,000 $0 5.45%
    DeRidder, LA (FHA|USDA|VA) 8 $490,000 $61,250 $776 5.99%
    Morgan City, LA (FHA|USDA|VA) 2 $330,000 $165,000 $0 5.70%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.75%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.97%
    Fort Polk South, LA (FHA|USDA|VA) 1 $55,000 $55,000 $1,833 5.38%
    Jeff Davis Bancshares's top markets include Lake Charles, Lafayette, Jennings, Opelousas, and New Orleans among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Jeff Davis Bancshares based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MERITUS Federal Credit Union
    Similarity Rank: 76
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    Similarity Rank: 532
    Jeff Davis Bancshares
    Similarity Rank: 693
    TIB The Independent Bankersbank
    Similarity Rank: 2304
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    Similarity Rank: 2398
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 2944
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 531 $52,295,000 $98,484 $1,036 6.23%

    For 2018, Jeff Davis Bancshares's most frequently originated type of loan was Conventional, with 531 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 231 $17,205,000 $74,481 $640 6.26%
    Home Purchase 200 $25,330,000 $126,650 $1,802 6.34%
    Cash Out Refi 57 $7,025,000 $123,246 $876 5.99%
    Other 23 $1,565,000 $68,043 $1,323 5.92%
    Home Improvement 20 $1,170,000 $58,500 $1,100 5.92%

    For 2018, Jeff Davis Bancshares's most frequently cited loan purpose was Refi, with 231 originations. The 2nd most popular reason was Home Purchase, with 200 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 243 $25,935,000 $106,728 $666 6.07%
    15 Year 77 $4,975,000 $64,610 $971 6.41%
    10 Year 60 $2,450,000 $40,833 $815 6.79%
    30 Year 52 $9,800,000 $188,462 $1,463 5.51%
    20 Year 49 $4,335,000 $88,469 $1,253 6.72%
    Other 44 $4,330,000 $98,409 $725 6.39%
    3 Year 3 $105,000 $35,000 $0 6.25%
    1 Year 3 $365,000 $121,667 $413 5.98%

    For 2018, Jeff Davis Bancshares's most frequently cited loan duration was 5 Year, with 243 originations. The 2nd most popular length was 15 Year, with 77 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 255 $23,075,000 $90,490

    Jeff Davis Bancshares's average total fees were $1,463, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 255 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 260 $33,570,000 $129,115
    6-7% 102 $8,110,000 $79,510
    7-8% 58 $2,410,000 $41,552
    Over 8% 58 $2,790,000 $48,103
    4-5% 52 $5,060,000 $97,308
    3-4% 1 $355,000 $355,000

    During 2018, Jeff Davis Bancshares's average interest rate for loans was 5.51%, while their most frequently originated rate bucket for loans was 5-6%, with 260 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 378 $17,110,000 $45,265 $922 6.44%
    $100k-200k 88 $12,040,000 $136,818 $968 5.76%
    $200k-400k 49 $12,915,000 $263,571 $1,570 5.71%
    $400k-600k 10 $4,900,000 $490,000 $3,425 5.42%
    $600k-1MM 4 $2,630,000 $657,500 $2,923 5.56%
    $1MM+ 2 $2,700,000 $1,350,000 $0 5.38%

    2018 saw Jeff Davis Bancshares place emphasis on $100,000 or less loans with 378 originations, totaling $17,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 115 $4,955,000 $43,087 $877 6.68%
    $50k-75k 91 $6,285,000 $69,066 $901 6.47%
    $100k-150k 89 $8,635,000 $97,022 $1,211 5.97%
    $75k-100k 55 $3,675,000 $66,818 $1,096 6.43%
    $150k-250k 44 $6,280,000 $142,727 $1,228 5.95%
    $250k+ 20 $3,300,000 $165,000 $1,424 5.89%

    Jeff Davis Bancshares lent most frequently to those with incomes in the $50k or less range, with 115 originations. The second most popular income band? $50k-75k, with 91 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 106 $7,000,000 $66,038 $1,017 6.14%
    30-36% 81 $5,885,000 $72,654 $929 6.51%
    <20% 76 $5,380,000 $70,789 $1,182 6.40%
    >60% 31 $1,875,000 $60,484 $631 6.43%
    50-60% 26 $2,280,000 $87,692 $611 6.31%
    42% 15 $1,595,000 $106,333 $1,576 6.14%
    37% 13 $2,315,000 $178,077 $1,294 6.35%
    36% 11 $1,515,000 $137,727 $1,317 6.45%
    38% 8 $580,000 $72,500 $557 6.45%
    40% 8 $340,000 $42,500 $1,045 6.63%
    43% 8 $1,410,000 $176,250 $2,088 6.26%
    46% 8 $630,000 $78,750 $1,205 5.74%
    41% 6 $750,000 $125,000 $501 5.82%
    49% 5 $195,000 $39,000 $577 6.39%
    39% 5 $365,000 $73,000 $627 7.05%
    47% 4 $260,000 $65,000 $0 6.44%
    45% 4 $100,000 $25,000 $681 6.80%
    44% 3 $795,000 $265,000 $1,279 5.83%
    48% 1 $25,000 $25,000 $0 5.36%

    Jeff Davis Bancshares lent most frequently to those with DTI ratios of 20-30%, with 106 originations. The next most common DTI ratio? 30-36%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 380 $31,110,000 $81,868 $1,043 6.30%
    Not applicable 112 $19,000,000 $169,643 $0 5.86%
    Black 30 $1,410,000 $47,000 $866 6.54%
    Not provided 3 $295,000 $98,333 $629 7.85%
    Asian 2 $290,000 $145,000 $2,417 5.24%
    American Indian 4 $190,000 $47,500 $866 7.37%

    Approval Rates

    Total approvals of all applications
    92.30%

    Jeff Davis Bancshares has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.41%

    Jeff Davis Bancshares has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    74.0 29 $805,000 $27,759
    78.0 1 $65,000 $65,000
    78.75 15 $465,000 $31,000
    82.75 1 $15,000 $15,000
    8.75 1 $15,000 $15,000
    NA 484 $50,930,000 $105,227

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 6 $2,590,000 $431,667
    Multifamily:Site-Built 18 $7,180,000 $398,889
    Single Family (1-4 Units):Manufactured 153 $6,965,000 $45,523
    Single Family (1-4 Units):Site-Built 354 $35,560,000 $100,452

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 96 $6,770,000 $70,521 $852 5.99%
    40-60% 103 $8,895,000 $86,359 $730 6.23%
    60-80% 176 $20,920,000 $118,864 $1,128 6.32%
    80-100% 105 $13,615,000 $129,667 $1,555 6.48%
    Under 20% 50 $2,080,000 $41,600 $739 5.83%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    JD Bank 101 North Adams Street Welsh, LA 70591 Full Service B&M $22,302
    JD Bank 120 Sam Houston Pkwy Lake Charles, LA 70611 Full Service B&M $51,680
    JD Bank 1311 West Lasalle Street Ville Platte, LA 70586 Full Service B&M $26,788
    JD Bank 1511 Sampson St. Westlake, LA 70669 Full Service B&M $36,054
    JD Bank 2726 Gerstner Memorial Drive Lake Charles, LA 70601 Full Service B&M $21,918
    JD Bank 2905 Maplewood Drive Sulphur, LA 70663 Full Service B&M $42,422
    JD Bank 300 Park Avenue Eunice, LA 70535 Full Service B&M $43,189
    JD Bank 300 Verot School Road Lafayette, LA 70508 Full Service B&M $11,930
    JD Bank 338 Arthur Avenue Lake Arthur, LA 70549 Full Service B&M $28,736
    JD Bank 407 West Division Street Jennings, LA 70546 Limited, Drive-thru $0
    JD Bank 4100 Ryan Street Lake Charles, LA 70601 Full Service B&M $52,198
    JD Bank 424 Roberts Avenue Jennings, LA 70546 Limited, Drive-thru $0
    JD Bank 428 South Kinney Avenue Iowa, LA 70647 Full Service B&M $34,062
    JD Bank 438 North Ninth Street Kinder, LA 70648 Full Service B&M $30,999
    JD Bank 4400 Nelson Road Lake Charles, LA 70605 Full Service B&M $36,844
    JD Bank 4507 South Highway 27 Sulphur, LA 70665 Full Service B&M $17,419
    JD Bank 4904 Big Lake Road Lake Charles, LA 70605 Full Service B&M $5,891
    JD Bank 4989 East Mcneese Street Lake Charles, LA 70615 Full Service B&M $8,599
    JD Bank 507 Main Street Jennings, LA 70546 Full Service B&M $133,133
    JD Bank 529 North Lewis Street New Iberia, LA 70563 Full Service B&M $7,296
    JD Bank 535 Kirby Street Lake Charles, LA 70601 Full Service B&M $75,001
    JD Bank 609 Main Street Mamou, LA 70554 Full Service B&M $44,421
    JD Bank 624 Creswell Lane Opelousas, LA 70570 Full Service B&M $2,494

    For 2018, Jeff Davis Bancshares had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $37,684
    Net interest income $34,658
    Total noninterest income $10,266
    Gross Fiduciary activities income $478
    Service charges on deposit accounts $3,683
    Trading account gains and fees $0
    Additional Noninterest Income $6,105
    Pre-tax net operating income $12,493
    Securities gains (or losses, -) $5
    Income before extraordinary items $10,297
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,297
    Minority interest net income $0
    Net income $10,297
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,292

    Jeff Davis Bancshares's gross interest income from loans was $37,684,000.
    Jeff Davis Bancshares's net interest income from loans was $34,658,000.
    Jeff Davis Bancshares's fee based income from loans was $3,683,000.
    Jeff Davis Bancshares's net income from loans was $10,297,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,026
    Provision for credit losses $189
    Total noninterest expense $32,242
    Salaries and employee benefits $18,060
    Premises and equipment expense $7,088
    Additional noninterest expense $7,094
    Applicable income taxes $2,201
    Net charge-offs $496
    Cash dividends $5,665

    Jeff Davis Bancshares's interest expense for loans was $3,026,000.
    Jeff Davis Bancshares's payroll and benefits expense were $18,060,000.
    Jeff Davis Bancshares's property, plant and equipment expenses $7,088,000.

    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 4.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $759,135
    Deposits held in domestic offices $759,135
    Deposits by Individuals, partnerships, and corporations $686,107
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $73,028
    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 $70,027
    Demand deposits $42,116
    Nontransaction accounts $689,108
    Money market deposit accounts (MMDAs) $27,156
    Other savings deposits (excluding MMDAs) $545,739
    Total time deposits $116,213
    Total time and savings deposits $717,019
    Noninterest-bearing deposits $273,630
    Interest-bearing deposits $485,505
    Retail deposits $716,441
    IRAs and Keogh plan accounts $17,691
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $862,716
    Cash & Balances due from depository institutions $36,338
    Interest-bearing balances $9,594
    Total securities $148,736
    Federal funds sold & reverse repurchase $0
    Net loans and leases $619,305
    Loan and leases loss allowance $6,384
    Trading account assets $0
    Bank premises and fixed assets $25,643
    Other real estate owned $632
    Goodwill and other intangibles $4,341
    All other assets $27,721

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $862,716
    Total Liabilities $767,958
    Total deposits $759,135
    Interest-bearing deposits $485,505
    Deposits held in domestic offices $759,135
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $451
    Trading liabilities $0
    Other borrowed funds $3,253
    Subordinated debt $0
    All other liabilities $5,119

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $619,305
    Loan and leases loss allowance $6,384
    Total loans and leases (domestic) $625,689
    All real estate loans $506,614
    Real estate loans in domestic offices $506,614
    Construction and development loans $93,802
    Residential 1-4 family construction $22,728
    Other construction, all land development and other land $71,074
    Loans secured by nonfarm nonresidential properties $179,691
    Nonfarm nonresidential secured by owner-occupied properties $106,609
    Commercial real estate & other non-farm, non-residential $73,082
    Multifamily residential real estate $36,699
    1-4 family residential loans $191,587
    Farmland loans $4,835
    Loans held in foreign offices $0
    Farm loans $5,878
    Commercial and industrial loans $77,621
    To non-U.S. addressees $0
    Loans to individuals $33,876
    Credit card loans $0
    Related Plans $289
    Consumer Auto Loans $10,749
    Other loans to individuals $22,838
    All other loans & leases $1,700
    Loans to foreign governments and official institutions $0
    Other loans $1,700
    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 $2,502
    Non 1-4 family restructured loans & leases $2,256
    Total loans and leases (foreign) $0

    Jeff Davis Bancshares had $619,305,000 of loans outstanding in 2018. $506,614,000 of loans were in real estate loans. $93,802,000 of loans were in development loans. $36,699,000 of loans were in multifamily mortgage loans. $191,587,000 of loans were in 1-4 family mortgage loans. $5,878,000 of loans were in farm loans. $0 of loans were in credit card loans. $10,749,000 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 454 $81,963 $180,535
    Nonfarm, nonresidential loans - <$100k 176 $6,333 $35,983
    Nonfarm, nonresidential loans - $100-250k 138 $17,373 $125,891
    Nonfarm, nonresidential loans - $250k-1MM 140 $58,257 $416,121
    Commercial & Industrial, US addressed loans - <$1MM 1,121 $48,086 $42,896
    Commercial & Industrial, US addressed loans - <$100k 971 $16,843 $17,346
    Commercial & Industrial, US addressed loans - $100-250k 100 $12,201 $122,010
    Commercial & Industrial, US addressed loans - $250k-1MM 50 $19,042 $380,840
    Farmland loans - <$1MM 39 $4,335 $111,154
    Farmland loans - <$100k 23 $889 $38,652
    Farmland loans - $100-250k 8 $1,093 $136,625
    Farmland loans - $250k-1MM 8 $2,353 $294,125
    Agriculture operations loans - <$1MM 95 $5,165 $54,368
    Agriculture operations loans - <$100k 78 $1,823 $23,372
    Agriculture operations loans - $100-250k 12 $1,628 $135,667
    Agriculture operations loans - $250k-1MM 5 $1,714 $342,800