Bank Of Abbeville & Trust Company Mortgage Rates, Fees & Info
Abbeville, LALEI: 549300RP00N9TM7RLE66
Tax ID: 72-0124830
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Mortgage Data
Bank Data
Review & Overview
Bank Of Abbeville & Trust Company is a smaller bank specializing in Home Purchase loans. Bank Of Abbeville & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Opelousas, Jennings, Lake Charles, and Fort Polk South among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Abbeville & Trust Company 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.
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Originations
164Origination Dollar Volume (All Markets)
$27,880,000Employee count
37Top 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 |
|---|---|---|---|---|---|
| LAFAYETTE, LA (FHA|USDA|VA) | 149 | $24,455,000 | $164,128 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 9 | $1,575,000 | $175,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $1,140,000 | $570,000 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Fort Polk South, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Bank of Abbeville & Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 164 | $27,880,000 | $170,000 | $0 | 0.00% |
For 2018, Bank Of Abbeville & Trust Company's most frequently originated type of loan was Conventional, with 164 originations.
Loan Reason
For 2018, Bank Of Abbeville & Trust Company's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 164 | $27,880,000 | $170,000 | $0 | 0.00% |
For 2018, Bank Of Abbeville & Trust Company's most frequently cited loan duration was Other, with 164 originations.
Loan Sizing
2018 saw Bank Of Abbeville & Trust Company place emphasis on $100,000 or less loans with 63 originations, totaling $3,135,000 in origination value.
Applicant Income
Bank Of Abbeville & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $50k-75k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 164 | $27,880,000 | $170,000 | $0 | 0.00% |
Bank Of Abbeville & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 164 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.13%
Bank Of Abbeville & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination87.80%
Bank Of Abbeville & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 164 | $27,880,000 | $170,000 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | FHA mortgage | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Closing on a mortgage | 2 | 7.4% |
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 2 | 7.4% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 3 | 11.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 5 | 18.5% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 3.7% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Bank of Abbeville & Trust Company | 115 South Jefferson Street Abbeville, LA 70510 | Limited, Drive-thru | $0 |
| Bank of Abbeville & Trust Company | 123 Concord Street Abbeville, LA 70510 | Full Service B&M | $103,884 |
| Bank of Abbeville & Trust Company | 8705 Maurice Avenue Maurice, LA 70555 | Full Service B&M | $41,210 |
For 2018, Bank Of Abbeville & Trust Company had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $5,838 |
| Net interest income | $5,197 |
| Total noninterest income | $1,541 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $142 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,399 |
| Pre-tax net operating income | $1,630 |
| Securities gains (or losses, -) | $6 |
| Income before extraordinary items | $1,471 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,471 |
| Minority interest net income | $0 |
| Net income | $1,471 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,465 |
Bank Of Abbeville & Trust Company's gross interest income from loans was $5,838,000.
Bank Of Abbeville & Trust Company's net interest income from loans was $5,197,000.
Bank Of Abbeville & Trust Company's fee based income from loans was $142,000.
Bank Of Abbeville & Trust Company's net income from loans was $1,471,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $641 |
| Provision for credit losses | $279 |
| Total noninterest expense | $4,829 |
| Salaries and employee benefits | $2,904 |
| Premises and equipment expense | $802 |
| Additional noninterest expense | $1,123 |
| Applicable income taxes | $165 |
| Net charge-offs | $139 |
| Cash dividends | $534 |
Bank Of Abbeville & Trust Company's interest expense for loans was $641,000.
Bank Of Abbeville & Trust Company's payroll and benefits expense were $2,904,000.
Bank Of Abbeville & Trust Company's property, plant and equipment expenses $802,000.
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 | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 0.0% |
| Other consumer loans | 1.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $145,407 |
| Deposits held in domestic offices | $145,407 |
| Deposits by Individuals, partnerships, and corporations | $131,998 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $13,409 |
| 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 | $68,430 |
| Demand deposits | $43,364 |
| Nontransaction accounts | $76,977 |
| Money market deposit accounts (MMDAs) | $0 |
| Other savings deposits (excluding MMDAs) | $32,203 |
| Total time deposits | $44,773 |
| Total time and savings deposits | $102,043 |
| Noninterest-bearing deposits | $43,364 |
| Interest-bearing deposits | $102,043 |
| Retail deposits | $137,715 |
| IRAs and Keogh plan accounts | $8,336 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $175,299 |
| Cash & Balances due from depository institutions | $7,822 |
| Interest-bearing balances | $5,819 |
| Total securities | $68,596 |
| Federal funds sold & reverse repurchase | $3,000 |
| Net loans and leases | $84,713 |
| Loan and leases loss allowance | $1,066 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,703 |
| Other real estate owned | $59 |
| Goodwill and other intangibles | $703 |
| All other assets | $4,703 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $175,299 |
| Total Liabilities | $146,938 |
| Total deposits | $145,407 |
| Interest-bearing deposits | $102,043 |
| Deposits held in domestic offices | $145,407 |
| % insured (estimated) | $82 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $1,531 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $84,713 |
| Loan and leases loss allowance | $1,066 |
| Total loans and leases (domestic) | $85,779 |
| All real estate loans | $67,000 |
| Real estate loans in domestic offices | $67,000 |
| Construction and development loans | $11,603 |
| Residential 1-4 family construction | $3,836 |
| Other construction, all land development and other land | $7,767 |
| Loans secured by nonfarm nonresidential properties | $28,478 |
| Nonfarm nonresidential secured by owner-occupied properties | $24,977 |
| Commercial real estate & other non-farm, non-residential | $3,501 |
| Multifamily residential real estate | $1,300 |
| 1-4 family residential loans | $24,443 |
| Farmland loans | $1,176 |
| Loans held in foreign offices | $0 |
| Farm loans | $564 |
| Commercial and industrial loans | $12,790 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $5,014 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,230 |
| Other loans to individuals | $3,784 |
| All other loans & leases | $411 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $411 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $364 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $4 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Bank of Abbeville & Trust Company had $84,713,000 of loans outstanding in 2018. $67,000,000 of loans were in real estate loans. $11,603,000 of loans were in development loans. $1,300,000 of loans were in multifamily mortgage loans. $24,443,000 of loans were in 1-4 family mortgage loans. $564,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,230,000 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 | 81 | $22,284 | $275,111 |
| Nonfarm, nonresidential loans - <$100k | 26 | $1,199 | $46,115 |
| Nonfarm, nonresidential loans - $100-250k | 20 | $2,714 | $135,700 |
| Nonfarm, nonresidential loans - $250k-1MM | 35 | $18,371 | $524,886 |
| Commercial & Industrial, US addressed loans - <$1MM | 133 | $7,179 | $53,977 |
| Commercial & Industrial, US addressed loans - <$100k | 104 | $2,288 | $22,000 |
| Commercial & Industrial, US addressed loans - $100-250k | 22 | $2,559 | $116,318 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 7 | $2,332 | $333,143 |
| Farmland loans - <$1MM | 15 | $1,176 | $78,400 |
| Farmland loans - <$100k | 11 | $341 | $31,000 |
| Farmland loans - $100-250k | 2 | $240 | $120,000 |
| Farmland loans - $250k-1MM | 2 | $595 | $297,500 |
| Agriculture operations loans - <$1MM | 27 | $564 | $20,889 |
| Agriculture operations loans - <$100k | 24 | $397 | $16,542 |
| Agriculture operations loans - $100-250k | 3 | $167 | $55,667 |