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 Amarillo among others. We have data for 16 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 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% 11/21/24
    30 Year Conventional Refi 7.10% 11/21/24
    30 Year Cash-out Refi 7.16% 11/21/24
    15 Year Conventional Purchase 7.71% 11/21/24
    15 Year Conventional Refi 7.97% 11/21/24
    15 Year Cash-out Refi 7.97% 11/21/24
    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

    288

    Origination Dollar Volume (All Markets)

    $39,990,000

    Employee count

    234

    Awards

    Jeff Davis Bancshares 30 Year Conventional Loans gold
    Show all (1) 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) 123 $15,125,000 $122,967 $1,583 5.79%
    LAFAYETTE, LA (FHA|USDA|VA) 46 $5,800,000 $126,087 $1,934 5.29%
    Outside of Metro Areas 35 $4,825,000 $137,857 $1,381 5.16%
    Opelousas, LA (FHA|USDA|VA) 27 $4,085,000 $151,296 $1,701 5.01%
    Jennings, LA (FHA|USDA|VA) 31 $2,835,000 $91,452 $1,461 5.86%
    AMARILLO, TX (FHA|USDA|VA) 2 $2,320,000 $1,160,000 $0 4.35%
    Morgan City, LA (FHA|USDA|VA) 5 $1,725,000 $345,000 $0 5.70%
    BATON ROUGE, LA (FHA|USDA|VA) 6 $1,330,000 $221,667 $2,246 4.77%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $645,000 $645,000 $6,253 4.38%
    DeRidder, LA (FHA|USDA|VA) 5 $315,000 $63,000 $1,559 5.90%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $285,000 $285,000 $0 4.60%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $280,000 $140,000 $0 5.00%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.50%
    Ruston, LA (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
    Fort Polk South, LA (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.92%
    Jeff Davis Bancshares's top markets include Lake Charles, Lafayette, Opelousas, Jennings, and Amarillo among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Colorado (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: 161
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    STANDARD MORTGAGE CORPORATION
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    Lakeview Community Capital, LLC
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 288 $39,990,000 $138,854 $1,648 5.52%

    For 2021, Jeff Davis Bancshares's most frequently originated type of loan was Conventional, with 288 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 155 $21,255,000 $137,129 $1,939 5.74%
    Refi 93 $13,375,000 $143,817 $1,122 5.25%
    Cash Out Refi 21 $4,275,000 $203,571 $1,373 5.03%
    Home Improvement 10 $640,000 $64,000 $1,544 4.97%
    Other 9 $445,000 $49,444 $1,615 6.25%

    For 2021, Jeff Davis Bancshares's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Refi, with 93 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 121 $19,775,000 $163,430 $1,477 5.23%
    20 Year 58 $7,120,000 $122,759 $1,791 5.78%
    15 Year 44 $4,430,000 $100,682 $1,248 5.61%
    30 Year 28 $5,240,000 $187,143 $1,850 4.41%
    10 Year 24 $920,000 $38,333 $1,556 7.85%
    Other 12 $2,260,000 $188,333 $348 5.08%
    3 Year 1 $245,000 $245,000 $349 2.00%

    For 2021, Jeff Davis Bancshares's most frequently cited loan duration was 5 Year, with 121 originations. The 2nd most popular length was 20 Year, with 58 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 89 $10,565,000 $118,708

    Jeff Davis Bancshares's average total fees were $1,850, 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% 133 $24,315,000 $182,820
    6-7% 49 $4,115,000 $83,980
    5-6% 36 $2,930,000 $81,389
    3-4% 31 $6,485,000 $209,194
    Over 8% 21 $915,000 $43,571
    7-8% 16 $950,000 $59,375
    2.5-3% 1 $35,000 $35,000
    <2.5% 1 $245,000 $245,000

    During 2021, Jeff Davis Bancshares's average interest rate for loans was 4.41%, while their most frequently originated rate bucket for loans was 4-5%, with 133 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 166 $7,730,000 $46,566 $1,559 5.94%
    $100k-200k 72 $10,010,000 $139,028 $1,713 5.33%
    $200k-400k 32 $9,110,000 $284,688 $1,199 4.42%
    $600k-1MM 8 $5,590,000 $698,750 $6,253 4.38%
    $400k-600k 7 $3,255,000 $465,000 $2,482 4.43%
    $1MM+ 3 $4,295,000 $1,431,667 $0 4.37%

    2021 saw Jeff Davis Bancshares place emphasis on $100,000 or less loans with 166 originations, totaling $7,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 49 $2,885,000 $58,878 $1,512 6.31%
    $100k-150k 42 $3,360,000 $80,000 $1,609 5.85%
    $50k-75k 32 $2,330,000 $72,813 $1,860 6.10%
    $75k-100k 26 $2,200,000 $84,615 $1,197 6.12%
    $150k-250k 18 $4,370,000 $242,778 $2,755 5.10%
    $250k+ 9 $2,325,000 $258,333 $1,336 5.13%

    Jeff Davis Bancshares lent most frequently to those with incomes in the $50k or less range, with 49 originations. The second most popular income band? $100k-150k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 61 $4,915,000 $80,574 $1,565 5.77%
    <20% 38 $3,610,000 $95,000 $1,299 5.96%
    30-36% 30 $3,550,000 $118,333 $1,785 6.13%
    42% 10 $1,120,000 $112,000 $1,652 5.86%
    >60% 7 $605,000 $86,429 $0 5.35%
    40% 7 $1,125,000 $160,714 $2,948 5.86%
    50-60% 6 $880,000 $146,667 $2,016 5.55%
    37% 4 $350,000 $87,500 $2,094 6.69%
    38% 3 $615,000 $205,000 $349 6.63%
    43% 3 $205,000 $68,333 $816 7.23%
    44% 3 $125,000 $41,667 $2,162 5.88%
    39% 2 $480,000 $240,000 $2,431 5.94%
    47% 2 $80,000 $40,000 $0 5.90%
    36% 2 $190,000 $95,000 $1,817 5.95%
    45% 1 $205,000 $205,000 $0 4.50%
    46% 1 $45,000 $45,000 $0 5.53%
    41% 1 $85,000 $85,000 $2,357 7.88%

    Jeff Davis Bancshares lent most frequently to those with DTI ratios of 20-30%, with 61 originations. The next most common DTI ratio? <20%, with 38 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 107 $21,805,000 $203,785 $0 4.84%
    White 166 $16,420,000 $98,916 $1,610 5.99%
    Asian 2 $670,000 $335,000 $6,253 4.94%
    Not provided 4 $570,000 $142,500 $936 4.77%
    Black 8 $440,000 $55,000 $1,868 5.39%
    Native Hawaiian or Islander 1 $85,000 $85,000 $0 5.45%

    Approval Rates

    Total approvals of all applications
    87.13%

    Jeff Davis Bancshares has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.97%

    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 28 $1,210,000 $43,214
    78.0 1 $25,000 $25,000
    NA 259 $38,755,000 $149,633

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    288 $39,990,000 $138,854

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 45 $5,365,000 $119,222 $1,564 5.32%
    40-60% 70 $8,170,000 $116,714 $1,480 5.19%
    60-80% 90 $13,890,000 $154,333 $1,622 5.67%
    80-100% 72 $12,010,000 $166,806 $1,879 5.83%
    Under 20% 9 $475,000 $52,778 $1,302 5.24%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Jd Bank 438 North Ninth Street Kinder, LA 70648 Full Service B&M $53,903
    Jd Bank 101 North Adams Street Welsh, LA 70591 Full Service B&M $30,828
    Jd Bank 120 Sam Houston Pkwy Lake Charles, LA 70611 Full Service B&M $94,956
    Jd Bank 1311 West Lasalle Street Ville Platte, LA 70586 Full Service B&M $40,297
    Jd Bank 1511 Sampson St. Westlake, LA 70669 Full Service B&M $63,234
    Jd Bank 1614 South Union Street Opelousas, LA 70570 Full Service B&M $18,226
    Jd Bank 2726 Gerstner Memorial Drive Lake Charles, LA 70601 Full Service B&M $42,367
    Jd Bank 2905 Maplewood Drive Sulphur, LA 70663 Full Service B&M $72,333
    Jd Bank 300 Park Avenue Eunice, LA 70535 Full Service B&M $72,341
    Jd Bank 300 Verot School Road Lafayette, LA 70508 Full Service B&M $18,788
    Jd Bank 338 Arthur Avenue Lake Arthur, LA 70549 Full Service B&M $40,321
    Jd Bank 3600 Johnston St Lafayette, LA 70503 Full Service B&M $196
    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 $79,266
    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 $62,597
    Jd Bank 4400 Nelson Road Lake Charles, LA 70605 Full Service B&M $63,999
    Jd Bank 4507 South Highway 27 Sulphur, LA 70665 Full Service B&M $34,566
    Jd Bank 4904 Big Lake Road Lake Charles, LA 70605 Full Service B&M $16,873
    Jd Bank 4989 East Mcneese Street Lake Charles, LA 70615 Full Service B&M $26,164
    Jd Bank 507 Main Street Jennings, LA 70546 Full Service B&M $191,252
    Jd Bank 529 North Lewis Street New Iberia, LA 70563 Full Service B&M $16,643
    Jd Bank 535 Kirby Street Lake Charles, LA 70601 Full Service B&M $142,092
    Jd Bank 609 Main Street Mamou, LA 70554 Full Service B&M $53,511
    Jd Bank 631 E. Admiral Doyle Drive New Iberia, LA 70560 Full Service B&M $2,776

    For 2021, Jeff Davis Bancshares had 25 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $40,336
    Net interest income $37,212
    Total noninterest income $12,495
    Gross Fiduciary activities income $594
    Service charges on deposit accounts $3,124
    Trading account gains and fees $0
    Additional Noninterest Income $8,777
    Pre-tax net operating income $14,697
    Securities gains (or losses, -) $-111
    Income before extraordinary items $12,168
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,168
    Minority interest net income $0
    Net income $12,168
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,260

    Jeff Davis Bancshares's gross interest income from loans was $40,336,000.
    Jeff Davis Bancshares's net interest income from loans was $37,212,000.
    Jeff Davis Bancshares's fee based income from loans was $3,124,000.
    Jeff Davis Bancshares's net income from loans was $12,168,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,124
    Provision for credit losses $330
    Total noninterest expense $34,680
    Salaries and employee benefits $18,011
    Premises and equipment expense $5,156
    Additional noninterest expense $11,513
    Applicable income taxes $2,418
    Net charge-offs $723
    Cash dividends $0

    Jeff Davis Bancshares's interest expense for loans was $3,124,000.
    Jeff Davis Bancshares's payroll and benefits expense were $18,011,000.
    Jeff Davis Bancshares's property, plant and equipment expenses $5,156,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,201,713
    Deposits held in domestic offices $1,201,713
    Deposits by Individuals, partnerships, and corporations $1,126,263
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $75,450
    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 $660,338
    Demand deposits $428,279
    Nontransaction accounts $541,375
    Money market deposit accounts (MMDAs) $78,373
    Other savings deposits (excluding MMDAs) $347,384
    Total time deposits $115,618
    Total time and savings deposits $773,434
    Noninterest-bearing deposits $428,279
    Interest-bearing deposits $773,434
    Retail deposits $1,165,956
    IRAs and Keogh plan accounts $13,528
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,333,132
    Cash & Balances due from depository institutions $171,247
    Interest-bearing balances $152,342
    Total securities $490,374
    Federal funds sold & reverse repurchase $0
    Net loans and leases $614,013
    Loan and leases loss allowance $8,190
    Trading account assets $0
    Bank premises and fixed assets $23,863
    Other real estate owned $1,054
    Goodwill and other intangibles $4,180
    All other assets $28,401

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,333,132
    Total Liabilities $1,207,855
    Total deposits $1,201,713
    Interest-bearing deposits $773,434
    Deposits held in domestic offices $1,201,713
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $320
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,822

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $614,013
    Loan and leases loss allowance $8,190
    Total loans and leases (domestic) $622,203
    All real estate loans $483,558
    Real estate loans in domestic offices $483,558
    Construction and development loans $55,185
    Residential 1-4 family construction $15,742
    Other construction, all land development and other land $39,443
    Loans secured by nonfarm nonresidential properties $227,314
    Nonfarm nonresidential secured by owner-occupied properties $138,822
    Commercial real estate & other non-farm, non-residential $88,492
    Multifamily residential real estate $7,526
    1-4 family residential loans $188,234
    Farmland loans $5,299
    Loans held in foreign offices $0
    Farm loans $6,577
    Commercial and industrial loans $98,446
    To non-U.S. addressees $0
    Loans to individuals $32,259
    Credit card loans $0
    Related Plans $488
    Consumer Auto Loans $13,721
    Other loans to individuals $18,050
    All other loans & leases $1,363
    Loans to foreign governments and official institutions $0
    Other loans $1,363
    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 $1,209
    Non 1-4 family restructured loans & leases $963
    Total loans and leases (foreign) $0

    Jeff Davis Bancshares had $614,013,000 of loans outstanding in 2021. $483,558,000 of loans were in real estate loans. $55,185,000 of loans were in development loans. $7,526,000 of loans were in multifamily mortgage loans. $188,234,000 of loans were in 1-4 family mortgage loans. $6,577,000 of loans were in farm loans. $0 of loans were in credit card loans. $13,721,000 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 406 $86,337 $212,653
    Nonfarm, nonresidential loans - <$100k 139 $5,012 $36,058
    Nonfarm, nonresidential loans - $100-250k 118 $14,680 $124,407
    Nonfarm, nonresidential loans - $250k-1MM 149 $66,645 $447,282
    Commercial & Industrial, US addressed loans - <$1MM 970 $34,074 $35,128
    Commercial & Industrial, US addressed loans - <$100k 858 $13,889 $16,188
    Commercial & Industrial, US addressed loans - $100-250k 79 $9,650 $122,152
    Commercial & Industrial, US addressed loans - $250k-1MM 33 $10,535 $319,242
    Farmland loans - <$1MM 35 $3,708 $105,943
    Farmland loans - <$100k 19 $650 $34,211
    Farmland loans - $100-250k 9 $1,093 $121,444
    Farmland loans - $250k-1MM 7 $1,965 $280,714
    Agriculture operations loans - <$1MM 91 $5,556 $61,055
    Agriculture operations loans - <$100k 73 $1,529 $20,945
    Agriculture operations loans - $100-250k 11 $1,601 $145,545
    Agriculture operations loans - $250k-1MM 7 $2,426 $346,571