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, New Orleans, and Baton Rouge among others. We have data for 15 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 about average 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

    269

    Origination Dollar Volume (All Markets)

    $48,825,000

    Employee count

    237

    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) 132 $20,670,000 $156,591 $1,502 5.95%
    LAFAYETTE, LA (FHA|USDA|VA) 35 $12,135,000 $346,714 $1,869 5.66%
    Opelousas, LA (FHA|USDA|VA) 26 $6,180,000 $237,692 $1,380 5.36%
    Outside of Metro Areas 34 $2,040,000 $60,000 $1,183 5.69%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $1,850,000 $462,500 $1,962 4.59%
    BATON ROUGE, LA (FHA|USDA|VA) 5 $1,595,000 $319,000 $1,925 5.08%
    DeRidder, LA (FHA|USDA|VA) 5 $1,345,000 $269,000 $2,636 5.18%
    Jennings, LA (FHA|USDA|VA) 19 $1,075,000 $56,579 $1,155 5.95%
    Morgan City, LA (FHA|USDA|VA) 3 $885,000 $295,000 $0 4.58%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $525,000 $525,000 $0 4.25%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $325,000 $325,000 $2,027 4.00%
    Fort Polk South, LA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.55%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    Ruston, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.36%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.00%
    Jeff Davis Bancshares's top markets include Lake Charles, Lafayette, Opelousas, New Orleans, and Baton Rouge among others.

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

    Bank of Abbeville & Trust Company
    Similarity Rank: 162
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    Similarity Rank: 432
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    Similarity Rank: 495
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    Similarity Rank: 504
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    Similarity Rank: 864
    DSLD MORTGAGE, LLC
    Similarity Rank: 900
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    VILLAGE CAPITAL MORTGAGE
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 269 $48,825,000 $181,506 $1,551 5.75%

    For 2020, Jeff Davis Bancshares's most frequently originated type of loan was Conventional, with 269 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 125 $20,905,000 $167,240 $2,113 5.97%
    Refi 97 $18,975,000 $195,619 $650 5.32%
    Cash Out Refi 30 $8,160,000 $272,000 $1,121 6.07%
    Home Improvement 13 $605,000 $46,538 $1,243 6.09%
    Other 4 $180,000 $45,000 $1,543 5.55%

    For 2020, Jeff Davis Bancshares's most frequently cited loan purpose was Home Purchase, with 125 originations. The 2nd most popular reason was Refi, with 97 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 114 $16,460,000 $144,386 $625 5.49%
    30 Year 39 $9,165,000 $235,000 $1,884 4.90%
    10 Year 37 $1,135,000 $30,676 $1,129 7.47%
    20 Year 35 $10,735,000 $306,714 $1,568 5.83%
    15 Year 26 $1,620,000 $62,308 $1,060 6.30%
    Other 18 $9,710,000 $539,444 $1,633 4.68%

    For 2020, Jeff Davis Bancshares's most frequently cited loan duration was 5 Year, with 114 originations. The 2nd most popular length was 30 Year, with 39 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 89 $13,665,000 $153,539

    Jeff Davis Bancshares's average total fees were $1,884, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 89 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 104 $26,180,000 $251,731
    5-6% 64 $6,590,000 $102,969
    6-7% 40 $2,790,000 $69,750
    Over 8% 28 $830,000 $29,643
    7-8% 18 $1,040,000 $57,778
    3-4% 15 $11,395,000 $759,667

    During 2020, Jeff Davis Bancshares's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 4-5%, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 169 $7,865,000 $46,538 $1,280 6.29%
    $100k-200k 51 $7,065,000 $138,529 $1,383 5.07%
    $200k-400k 21 $5,855,000 $278,810 $1,712 4.70%
    $400k-600k 11 $5,445,000 $495,000 $2,923 4.51%
    $600k-1MM 9 $6,805,000 $756,111 $2,879 4.50%
    $1MM+ 8 $15,790,000 $1,973,750 $4,867 4.44%

    2020 saw Jeff Davis Bancshares place emphasis on $100,000 or less loans with 169 originations, totaling $7,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 42 $3,000,000 $71,429 $1,213 6.25%
    $100k-150k 37 $5,175,000 $139,865 $1,565 5.69%
    $50k or less 35 $1,535,000 $43,857 $1,323 6.78%
    $75k-100k 27 $2,025,000 $75,000 $1,244 6.38%
    $150k-250k 24 $5,000,000 $208,333 $1,921 5.29%
    $250k+ 23 $4,385,000 $190,652 $2,222 5.51%

    Jeff Davis Bancshares lent most frequently to those with incomes in the $50k-75k range, with 42 originations. The second most popular income band? $100k-150k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 48 $3,850,000 $80,208 $1,199 6.16%
    30-36% 41 $5,445,000 $132,805 $1,848 6.08%
    <20% 36 $3,520,000 $97,778 $1,583 5.78%
    >60% 11 $1,625,000 $147,727 $473 6.04%
    50-60% 11 $1,915,000 $174,091 $2,841 5.28%
    42% 6 $1,050,000 $175,000 $2,729 6.37%
    38% 6 $740,000 $123,333 $1,113 5.51%
    43% 6 $550,000 $91,667 $1,788 5.49%
    39% 5 $815,000 $163,000 $1,124 6.63%
    36% 5 $225,000 $45,000 $1,618 6.58%
    40% 4 $610,000 $152,500 $2,174 7.09%
    46% 3 $645,000 $215,000 $1,449 5.76%
    48% 3 $385,000 $128,333 $0 4.95%
    41% 3 $105,000 $35,000 $1,443 6.72%
    44% 1 $15,000 $15,000 $0 8.51%
    45% 1 $15,000 $15,000 $0 9.76%

    Jeff Davis Bancshares lent most frequently to those with DTI ratios of 20-30%, with 48 originations. The next most common DTI ratio? 30-36%, with 41 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 79 $27,315,000 $345,759 $0 5.06%
    White 171 $20,665,000 $120,848 $1,607 5.97%
    Black 14 $630,000 $45,000 $1,220 6.99%
    Not provided 4 $190,000 $47,500 $812 5.66%
    American Indian 1 $25,000 $25,000 $0 5.61%

    Approval Rates

    Total approvals of all applications
    90.32%

    Jeff Davis Bancshares has an average approval rate.

    Pick Rate

    Approvals leading to origination
    64.68%

    Jeff Davis Bancshares has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    74.0 32 $1,270,000 $39,688
    78.75 1 $15,000 $15,000
    NA 236 $47,540,000 $201,441

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 7 $2,735,000 $390,714
    Multifamily:Site-Built 29 $19,045,000 $656,724
    Single Family (1-4 Units):Manufactured 74 $3,480,000 $47,027
    Single Family (1-4 Units):Site-Built 159 $23,565,000 $148,208

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $2,600,000 $76,471 $1,106 5.66%
    40-60% 59 $12,585,000 $213,305 $1,378 5.36%
    60-80% 99 $21,195,000 $214,091 $1,642 5.96%
    80-100% 53 $10,765,000 $203,113 $1,995 5.91%
    Under 20% 22 $1,290,000 $58,636 $862 5.72%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Jd Bank 101 North Adams Street Welsh, LA 70591 Full Service B&M $24,122
    Jd Bank 120 Sam Houston Pkwy Lake Charles, LA 70611 Full Service B&M $62,720
    Jd Bank 1311 West Lasalle Street Ville Platte, LA 70586 Full Service B&M $34,676
    Jd Bank 1511 Sampson St. Westlake, LA 70669 Full Service B&M $58,405
    Jd Bank 1614 South Union Street Opelousas, LA 70570 Full Service B&M $12,477
    Jd Bank 2726 Gerstner Memorial Drive Lake Charles, LA 70601 Full Service B&M $28,955
    Jd Bank 2905 Maplewood Drive Sulphur, LA 70663 Full Service B&M $53,277
    Jd Bank 300 Park Avenue Eunice, LA 70535 Full Service B&M $56,956
    Jd Bank 300 Verot School Road Lafayette, LA 70508 Full Service B&M $13,472
    Jd Bank 338 Arthur Avenue Lake Arthur, LA 70549 Full Service B&M $34,059
    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 $59,024
    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 $36,925
    Jd Bank 438 North Ninth Street Kinder, LA 70648 Full Service B&M $35,007
    Jd Bank 4400 Nelson Road Lake Charles, LA 70605 Full Service B&M $41,617
    Jd Bank 4507 South Highway 27 Sulphur, LA 70665 Full Service B&M $23,790
    Jd Bank 4904 Big Lake Road Lake Charles, LA 70605 Full Service B&M $9,174
    Jd Bank 4989 East Mcneese Street Lake Charles, LA 70615 Full Service B&M $10,074
    Jd Bank 507 Main Street Jennings, LA 70546 Full Service B&M $155,042
    Jd Bank 529 North Lewis Street New Iberia, LA 70563 Full Service B&M $12,869
    Jd Bank 535 Kirby Street Lake Charles, LA 70601 Full Service B&M $94,942
    Jd Bank 609 Main Street Mamou, LA 70554 Full Service B&M $49,451

    For 2020, Jeff Davis Bancshares had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $39,821
    Net interest income $36,280
    Total noninterest income $9,043
    Gross Fiduciary activities income $555
    Service charges on deposit accounts $3,081
    Trading account gains and fees $0
    Additional Noninterest Income $5,407
    Pre-tax net operating income $9,414
    Securities gains (or losses, -) $307
    Income before extraordinary items $8,288
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,288
    Minority interest net income $0
    Net income $8,288
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,027

    Jeff Davis Bancshares's gross interest income from loans was $39,821,000.
    Jeff Davis Bancshares's net interest income from loans was $36,280,000.
    Jeff Davis Bancshares's fee based income from loans was $3,081,000.
    Jeff Davis Bancshares's net income from loans was $8,288,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,541
    Provision for credit losses $2,728
    Total noninterest expense $33,181
    Salaries and employee benefits $18,172
    Premises and equipment expense $4,927
    Additional noninterest expense $10,082
    Applicable income taxes $1,433
    Net charge-offs $755
    Cash dividends $3,556

    Jeff Davis Bancshares's interest expense for loans was $3,541,000.
    Jeff Davis Bancshares's payroll and benefits expense were $18,172,000.
    Jeff Davis Bancshares's property, plant and equipment expenses $4,927,000.

    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 2.0%
    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 1.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,164,764
    Deposits held in domestic offices $1,164,764
    Deposits by Individuals, partnerships, and corporations $1,092,778
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $71,986
    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 $123,288
    Demand deposits $73,900
    Nontransaction accounts $1,041,476
    Money market deposit accounts (MMDAs) $46,368
    Other savings deposits (excluding MMDAs) $869,428
    Total time deposits $125,681
    Total time and savings deposits $1,090,864
    Noninterest-bearing deposits $456,664
    Interest-bearing deposits $708,100
    Retail deposits $1,119,889
    IRAs and Keogh plan accounts $13,747
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,284,031
    Cash & Balances due from depository institutions $260,477
    Interest-bearing balances $236,951
    Total securities $345,640
    Federal funds sold & reverse repurchase $0
    Net loans and leases $621,918
    Loan and leases loss allowance $8,583
    Trading account assets $0
    Bank premises and fixed assets $23,806
    Other real estate owned $291
    Goodwill and other intangibles $4,180
    All other assets $27,719

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,284,031
    Total Liabilities $1,172,587
    Total deposits $1,164,764
    Interest-bearing deposits $708,100
    Deposits held in domestic offices $1,164,764
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $445
    Trading liabilities $0
    Other borrowed funds $2,763
    Subordinated debt $0
    All other liabilities $4,615

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $621,918
    Loan and leases loss allowance $8,583
    Total loans and leases (domestic) $630,501
    All real estate loans $461,003
    Real estate loans in domestic offices $461,003
    Construction and development loans $98,091
    Residential 1-4 family construction $17,305
    Other construction, all land development and other land $80,786
    Loans secured by nonfarm nonresidential properties $163,765
    Nonfarm nonresidential secured by owner-occupied properties $116,800
    Commercial real estate & other non-farm, non-residential $46,965
    Multifamily residential real estate $9,070
    1-4 family residential loans $186,021
    Farmland loans $4,056
    Loans held in foreign offices $0
    Farm loans $8,608
    Commercial and industrial loans $129,553
    To non-U.S. addressees $0
    Loans to individuals $30,258
    Credit card loans $0
    Related Plans $231
    Consumer Auto Loans $7,819
    Other loans to individuals $22,208
    All other loans & leases $1,079
    Loans to foreign governments and official institutions $0
    Other loans $1,079
    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 $6,921
    Non 1-4 family restructured loans & leases $6,678
    Total loans and leases (foreign) $0

    Jeff Davis Bancshares had $621,918,000 of loans outstanding in 2020. $461,003,000 of loans were in real estate loans. $98,091,000 of loans were in development loans. $9,070,000 of loans were in multifamily mortgage loans. $186,021,000 of loans were in 1-4 family mortgage loans. $8,608,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,819,000 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 417 $79,417 $190,448
    Nonfarm, nonresidential loans - <$100k 152 $5,121 $33,691
    Nonfarm, nonresidential loans - $100-250k 121 $14,897 $123,116
    Nonfarm, nonresidential loans - $250k-1MM 144 $59,399 $412,493
    Commercial & Industrial, US addressed loans - <$1MM 1,005 $33,898 $33,729
    Commercial & Industrial, US addressed loans - <$100k 887 $14,747 $16,626
    Commercial & Industrial, US addressed loans - $100-250k 85 $9,532 $112,141
    Commercial & Industrial, US addressed loans - $250k-1MM 33 $9,619 $291,485
    Farmland loans - <$1MM 33 $3,053 $92,515
    Farmland loans - <$100k 20 $658 $32,900
    Farmland loans - $100-250k 7 $1,019 $145,571
    Farmland loans - $250k-1MM 6 $1,376 $229,333
    Agriculture operations loans - <$1MM 104 $5,786 $55,635
    Agriculture operations loans - <$100k 87 $1,886 $21,678
    Agriculture operations loans - $100-250k 10 $1,545 $154,500
    Agriculture operations loans - $250k-1MM 7 $2,355 $336,429