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

Review & Overview

Jeff Davis Bancshares is a smaller mortgage company specializing in Home Purchase and Refi loans. Jeff Davis Bancshares has a high proportion of conventional loans. Their top markets by origination volume include: Lake Charles, Lafayette, Opelousas, Jennings, and Baton Rouge among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

Jeff Davis Bancshares has an 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	7.19%	11/17/24
30 Year Conventional Refi	7.10%	11/17/24
30 Year Cash-out Refi	7.16%	11/17/24
15 Year Conventional Purchase	7.71%	11/17/24
15 Year Conventional Refi	7.97%	11/17/24
15 Year Cash-out Refi	7.97%	11/17/24
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

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The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

370

Origination Dollar Volume (All Markets)

$41,780,000

Employee count

245

Awards

Jeff Davis Bancshares 30 Year Conventional Loans gold

Show all (2) 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)	190	$22,330,000	$117,526	$1,048	6.59%
Outside of Metro Areas	54	$4,810,000	$89,074	$885	6.64%
LAFAYETTE, LA (FHA\|USDA\|VA)	39	$3,595,000	$92,179	$1,114	6.10%
Opelousas, LA (FHA\|USDA\|VA)	20	$3,060,000	$153,000	$1,912	5.79%
Jennings, LA (FHA\|USDA\|VA)	44	$2,930,000	$66,591	$1,145	6.41%
BATON ROUGE, LA (FHA\|USDA\|VA)	3	$1,925,000	$641,667	$0	5.83%
DeRidder, LA (FHA\|USDA\|VA)	12	$1,470,000	$122,500	$1,363	6.58%
Morgan City, LA (FHA\|USDA\|VA)	4	$950,000	$237,500	$0	6.13%
MOBILE, AL (FHA\|USDA\|VA)	1	$315,000	$315,000	$2,481	6.10%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	6.11%
Natchez, MS-LA (FHA\|USDA\|VA)	1	$125,000	$125,000	$1,883	6.10%
Fort Polk South, LA (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,133	5.10%

Jeff Davis Bancshares's top markets include Lake Charles, Lafayette, Opelousas, Jennings, and Baton Rouge among others.

Their top states include:

Louisiana (FHA|USDA|VA)

Alabama (FHA|USDA|VA)

Texas (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: 80

Jeff Davis Bancshares
Similarity Rank: 312

Home Bank
Similarity Rank: 475

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Similarity Rank: 525

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DSLD MORTGAGE, LLC
Similarity Rank: 1092

STANDARD MORTGAGE CORPORATION
Similarity Rank: 2756

ADVANCIAL
Similarity Rank: 2806

DRAPER AND KRAMER MORTGAGE CORP.
Similarity Rank: 4165

CIS Financial Services, Inc.
Similarity Rank: 4464

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	370	$41,780,000	$112,919	$1,111	6.46%

For 2019, Jeff Davis Bancshares's most frequently originated type of loan was Conventional, with 370 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	165	$24,715,000	$149,788	$1,772	6.58%
Refi	136	$10,410,000	$76,544	$724	6.39%
Cash Out Refi	46	$5,250,000	$114,130	$826	6.41%
Other	12	$840,000	$70,000	$1,225	6.11%
Home Improvement	11	$565,000	$51,364	$753	6.34%

For 2019, Jeff Davis Bancshares's most frequently cited loan purpose was Home Purchase, with 165 originations. The 2nd most popular reason was Refi, with 136 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
5 Year	179	$22,695,000	$126,788	$676	6.18%
10 Year	48	$1,600,000	$33,333	$1,138	7.76%
30 Year	43	$8,315,000	$193,372	$1,375	5.71%
15 Year	37	$2,315,000	$62,568	$932	6.58%
20 Year	34	$3,260,000	$95,882	$1,177	6.95%
Other	26	$2,880,000	$110,769	$729	6.59%
1 Year	2	$690,000	$345,000	$0	5.75%
3 Year	1	$25,000	$25,000	$0	5.50%

For 2019, Jeff Davis Bancshares's most frequently cited loan duration was 5 Year, with 179 originations. The 2nd most popular length was 10 Year, with 48 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	146	$15,840,000	$108,493

Jeff Davis Bancshares's average total fees were $1,375, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 146 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
5-6%	175	$25,785,000	$147,343
6-7%	76	$8,250,000	$108,553
Over 8%	53	$2,315,000	$43,679
7-8%	42	$2,340,000	$55,714
4-5%	24	$3,090,000	$128,750

During 2019, Jeff Davis Bancshares's average interest rate for loans was 5.71%, while their most frequently originated rate bucket for loans was 5-6%, with 175 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	252	$11,430,000	$45,357	$947	6.75%
$100k-200k	70	$9,580,000	$136,857	$1,203	6.00%
$200k-400k	33	$9,455,000	$286,515	$1,419	5.72%
$400k-600k	8	$4,150,000	$518,750	$3,161	5.54%
$600k-1MM	5	$3,585,000	$717,000	$3,653	5.62%
$1MM+	2	$3,580,000	$1,790,000	$0	5.38%

2019 saw Jeff Davis Bancshares place emphasis on $100,000 or less loans with 252 originations, totaling $11,430,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	59	$2,535,000	$42,966	$863	7.53%
$100k-150k	53	$5,325,000	$100,472	$1,128	6.24%
$150k-250k	48	$5,270,000	$109,792	$1,403	6.30%
$50k-75k	48	$3,290,000	$68,542	$1,050	6.93%
$75k-100k	45	$3,975,000	$88,333	$1,090	6.45%
$250k+	16	$2,890,000	$180,625	$1,480	5.65%

Jeff Davis Bancshares lent most frequently to those with incomes in the $50k or less range, with 59 originations. The second most popular income band? $100k-150k, with 53 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	68	$5,320,000	$78,235	$1,252	6.69%
<20%	54	$4,230,000	$78,333	$875	6.26%
30-36%	39	$3,655,000	$93,718	$1,122	6.74%
>60%	19	$1,375,000	$72,368	$769	6.94%
50-60%	14	$1,210,000	$86,429	$922	7.06%
37%	11	$1,095,000	$99,545	$1,204	6.75%
39%	11	$1,095,000	$99,545	$1,063	6.20%
40%	10	$810,000	$81,000	$1,560	7.19%
41%	9	$1,885,000	$209,444	$1,444	6.73%
38%	8	$450,000	$56,250	$861	7.32%
46%	6	$290,000	$48,333	$681	6.87%
42%	5	$495,000	$99,000	$1,395	6.73%
48%	5	$415,000	$83,000	$1,738	5.94%
36%	4	$730,000	$182,500	$1,315	6.55%
49%	4	$300,000	$75,000	$681	5.78%
44%	3	$205,000	$68,333	$1,415	6.42%
45%	1	$135,000	$135,000	$681	5.38%
43%	1	$15,000	$15,000	$0	9.76%
47%	1	$105,000	$105,000	$0	6.00%

Jeff Davis Bancshares lent most frequently to those with DTI ratios of 20-30%, with 68 originations. The next most common DTI ratio? <20%, with 54 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	257	$23,045,000	$89,669	$1,119	6.61%
Not applicable	96	$17,880,000	$186,250	$0	5.94%
Black	12	$650,000	$54,167	$1,070	7.10%
American Indian	3	$135,000	$45,000	$655	7.00%
Asian	1	$65,000	$65,000	$0	6.00%
Not provided	1	$5,000	$5,000	$0	9.76%

Approval Rates

Total approvals of all applications
87.04%

Jeff Davis Bancshares has an average approval rate.

Pick Rate

Approvals leading to origination
78.38%

Jeff Davis Bancshares has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
0.0	1	$25,000	$25,000
4.0	1	$25,000	$25,000
71.0	1	$35,000	$35,000
74.0	30	$790,000	$26,333
78.0	2	$70,000	$35,000
78.75	8	$240,000	$30,000
87.5	1	$35,000	$35,000
NA	326	$40,560,000	$124,417

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	3	$625,000	$208,333
Multifamily:Site-Built	23	$11,515,000	$500,652
Single Family (1-4 Units):Manufactured	104	$5,090,000	$48,942
Single Family (1-4 Units):Site-Built	240	$24,550,000	$102,292

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	55	$4,005,000	$72,818	$750	6.50%
40-60%	78	$8,720,000	$111,795	$800	6.47%
60-80%	133	$16,935,000	$127,331	$1,285	6.53%
80-100%	73	$10,535,000	$144,315	$1,614	6.59%
Over 100%	1	$255,000	$255,000	$881	5.85%
Under 20%	29	$1,275,000	$43,966	$687	5.75%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
JD Bank	101 North Adams Street Welsh, LA 70591	Full Service B&M	$21,134
JD Bank	120 Sam Houston Pkwy Lake Charles, LA 70611	Full Service B&M	$56,568
JD Bank	1311 West Lasalle Street Ville Platte, LA 70586	Full Service B&M	$28,692
JD Bank	1511 Sampson St. Westlake, LA 70669	Full Service B&M	$43,363
JD Bank	1614 South Union Street Opelousas, LA 70570	Full Service B&M	$5,019
JD Bank	2726 Gerstner Memorial Drive Lake Charles, LA 70601	Full Service B&M	$19,727
JD Bank	2905 Maplewood Drive Sulphur, LA 70663	Full Service B&M	$45,678
JD Bank	300 Park Avenue Eunice, LA 70535	Full Service B&M	$43,793
JD Bank	300 Verot School Road Lafayette, LA 70508	Full Service B&M	$11,713
JD Bank	338 Arthur Avenue Lake Arthur, LA 70549	Full Service B&M	$31,154
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	$51,195
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	$33,708
JD Bank	438 North Ninth Street Kinder, LA 70648	Full Service B&M	$33,008
JD Bank	4400 Nelson Road Lake Charles, LA 70605	Full Service B&M	$36,711
JD Bank	4507 South Highway 27 Sulphur, LA 70665	Full Service B&M	$18,100
JD Bank	4904 Big Lake Road Lake Charles, LA 70605	Full Service B&M	$6,620
JD Bank	4989 East Mcneese Street Lake Charles, LA 70615	Full Service B&M	$8,798
JD Bank	507 Main Street Jennings, LA 70546	Full Service B&M	$128,350
JD Bank	529 North Lewis Street New Iberia, LA 70563	Full Service B&M	$10,217
JD Bank	535 Kirby Street Lake Charles, LA 70601	Full Service B&M	$74,363
JD Bank	609 Main Street Mamou, LA 70554	Full Service B&M	$45,557

For 2019, Jeff Davis Bancshares had 23 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$40,444
Net interest income	$36,846
Total noninterest income	$8,644
Gross Fiduciary activities income	$505
Service charges on deposit accounts	$3,652
Trading account gains and fees	$0
Additional Noninterest Income	$4,487
Pre-tax net operating income	$11,390
Securities gains (or losses, -)	$388
Income before extraordinary items	$9,820
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$9,820
Minority interest net income	$0
Net income	$9,820
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$9,497

Jeff Davis Bancshares's gross interest income from loans was $40,444,000.
Jeff Davis Bancshares's net interest income from loans was $36,846,000.
Jeff Davis Bancshares's fee based income from loans was $3,652,000.
Jeff Davis Bancshares's net income from loans was $9,820,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,598
Provision for credit losses	$696
Total noninterest expense	$33,404
Salaries and employee benefits	$18,121
Premises and equipment expense	$5,494
Additional noninterest expense	$9,789
Applicable income taxes	$1,958
Net charge-offs	$470
Cash dividends	$5,861

Jeff Davis Bancshares's interest expense for loans was $3,598,000.
Jeff Davis Bancshares's payroll and benefits expense were $18,121,000.
Jeff Davis Bancshares's property, plant and equipment expenses $5,494,000.

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	1.0%
Multifamily residential loans	0.0%
1-4 family residential loans	2.0%
HELOC loans	1.0%
All other family	2.0%
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	$772,533
Deposits held in domestic offices	$772,533
Deposits by Individuals, partnerships, and corporations	$697,932
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$74,601
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	$71,257
Demand deposits	$40,227
Nontransaction accounts	$701,276
Money market deposit accounts (MMDAs)	$36,061
Other savings deposits (excluding MMDAs)	$550,973
Total time deposits	$114,240
Total time and savings deposits	$732,306
Noninterest-bearing deposits	$275,796
Interest-bearing deposits	$496,737
Retail deposits	$732,054
IRAs and Keogh plan accounts	$16,012
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$881,923
Cash & Balances due from depository institutions	$38,800
Interest-bearing balances	$8,429
Total securities	$169,930
Federal funds sold & reverse repurchase	$0
Net loans and leases	$615,163
Loan and leases loss allowance	$6,610
Trading account assets	$0
Bank premises and fixed assets	$24,124
Other real estate owned	$956
Goodwill and other intangibles	$4,180
All other assets	$28,770

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$881,923
Total Liabilities	$780,547
Total deposits	$772,533
Interest-bearing deposits	$496,737
Deposits held in domestic offices	$772,533
% insured (estimated)	$76
Federal funds purchased and repurchase agreements	$329
Trading liabilities	$0
Other borrowed funds	$3,011
Subordinated debt	$0
All other liabilities	$4,674

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$615,163
Loan and leases loss allowance	$6,610
Total loans and leases (domestic)	$621,773
All real estate loans	$502,944
Real estate loans in domestic offices	$502,944
Construction and development loans	$98,981
Residential 1-4 family construction	$20,094
Other construction, all land development and other land	$78,887
Loans secured by nonfarm nonresidential properties	$170,924
Nonfarm nonresidential secured by owner-occupied properties	$115,397
Commercial real estate & other non-farm, non-residential	$55,527
Multifamily residential real estate	$38,565
1-4 family residential loans	$189,494
Farmland loans	$4,980
Loans held in foreign offices	$0
Farm loans	$7,704
Commercial and industrial loans	$71,394
To non-U.S. addressees	$0
Loans to individuals	$34,617
Credit card loans	$0
Related Plans	$335
Consumer Auto Loans	$9,895
Other loans to individuals	$24,387
All other loans & leases	$5,114
Loans to foreign governments and official institutions	$0
Other loans	$1,514
Loans to depository institutions and acceptances of other banks	$3,600
Loans not secured by real estate	$0
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$6,534
Non 1-4 family restructured loans & leases	$6,140
Total loans and leases (foreign)	$0

Jeff Davis Bancshares had $615,163,000 of loans outstanding in 2019. $502,944,000 of loans were in real estate loans. $98,981,000 of loans were in development loans. $38,565,000 of loans were in multifamily mortgage loans. $189,494,000 of loans were in 1-4 family mortgage loans. $7,704,000 of loans were in farm loans. $0 of loans were in credit card loans. $9,895,000 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	455	$82,683	$181,721
Nonfarm, nonresidential loans - <$100k	176	$6,450	$36,648
Nonfarm, nonresidential loans - $100-250k	131	$16,248	$124,031
Nonfarm, nonresidential loans - $250k-1MM	148	$59,985	$405,304
Commercial & Industrial, US addressed loans - <$1MM	1,130	$41,481	$36,709
Commercial & Industrial, US addressed loans - <$100k	990	$16,099	$16,262
Commercial & Industrial, US addressed loans - $100-250k	98	$11,321	$115,520
Commercial & Industrial, US addressed loans - $250k-1MM	42	$14,061	$334,786
Farmland loans - <$1MM	37	$4,580	$123,784
Farmland loans - <$100k	19	$760	$40,000
Farmland loans - $100-250k	9	$1,107	$123,000
Farmland loans - $250k-1MM	9	$2,713	$301,444
Agriculture operations loans - <$1MM	98	$5,292	$54,000
Agriculture operations loans - <$100k	82	$1,569	$19,134
Agriculture operations loans - $100-250k	8	$975	$121,875
Agriculture operations loans - $250k-1MM	8	$2,748	$343,500