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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.19% 4/28/24
    30 Year Conventional Refi 7.10% 4/28/24
    30 Year Cash-out Refi 7.16% 4/28/24
    15 Year Conventional Purchase 7.71% 4/28/24
    15 Year Conventional Refi 7.97% 4/28/24
    15 Year Cash-out Refi 7.97% 4/28/24
    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

    370

    Origination Dollar Volume (All Markets)

    $41,780,000

    Employee count

    245

    Awards

    Jeff Davis Bancshares 30 Year Conventional Loans gold 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
    Sabine State Bank and Trust Company
    Similarity Rank: 525
    PEDESTAL BANK
    Similarity Rank: 779
    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