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, Cash Out Refi, and Refi loans. Bank Of Abbeville & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Opelousas, and New Orleans among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Abbeville & Trust Company 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.
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Originations
111Origination Dollar Volume (All Markets)
$17,695,000Employee count
38Top 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) | 104 | $15,630,000 | $150,288 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 6 | $1,210,000 | $201,667 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $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 | 111 | $17,695,000 | $159,414 | $0 | 0.00% |
For 2019, Bank Of Abbeville & Trust Company's most frequently originated type of loan was Conventional, with 111 originations.
Loan Reason
For 2019, Bank Of Abbeville & Trust Company's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 111 | $17,695,000 | $159,414 | $0 | 0.00% |
For 2019, Bank Of Abbeville & Trust Company's most frequently cited loan duration was Other, with 111 originations.
Loan Sizing
2019 saw Bank Of Abbeville & Trust Company place emphasis on $100,000 or less loans with 57 originations, totaling $2,945,000 in origination value.
Applicant Income
Bank Of Abbeville & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $50k-75k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 111 | $17,695,000 | $159,414 | $0 | 0.00% |
Bank Of Abbeville & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 111 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.24%
Bank Of Abbeville & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination64.86%
Bank Of Abbeville & Trust Company 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 |
|---|---|---|---|
| Exempt | 111 | $17,695,000 | $159,414 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Closing on a mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 14.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 6 | 42.9% |
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 | $101,650 |
| Bank of Abbeville & Trust Company | 8705 Maurice Avenue Maurice, LA 70555 | Full Service B&M | $40,808 |
For 2019, Bank Of Abbeville & Trust Company had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $6,186 |
| Net interest income | $5,379 |
| Total noninterest income | $959 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $122 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $837 |
| Pre-tax net operating income | $1,191 |
| Securities gains (or losses, -) | $5 |
| Income before extraordinary items | $1,046 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,046 |
| Minority interest net income | $0 |
| Net income | $1,046 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,041 |
Bank Of Abbeville & Trust Company's gross interest income from loans was $6,186,000.
Bank Of Abbeville & Trust Company's net interest income from loans was $5,379,000.
Bank Of Abbeville & Trust Company's fee based income from loans was $122,000.
Bank Of Abbeville & Trust Company's net income from loans was $1,046,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $807 |
| Provision for credit losses | $120 |
| Total noninterest expense | $5,027 |
| Salaries and employee benefits | $2,837 |
| Premises and equipment expense | $768 |
| Additional noninterest expense | $1,422 |
| Applicable income taxes | $150 |
| Net charge-offs | $12 |
| Cash dividends | $492 |
Bank Of Abbeville & Trust Company's interest expense for loans was $807,000.
Bank Of Abbeville & Trust Company's payroll and benefits expense were $2,837,000.
Bank Of Abbeville & Trust Company's property, plant and equipment expenses $768,000.
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 | 2.0% |
| HELOC loans | 0.0% |
| All other family | 2.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $142,216 |
| Deposits held in domestic offices | $142,216 |
| Deposits by Individuals, partnerships, and corporations | $128,990 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $13,225 |
| 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 | $69,268 |
| Demand deposits | $46,847 |
| Nontransaction accounts | $72,947 |
| Money market deposit accounts (MMDAs) | $0 |
| Other savings deposits (excluding MMDAs) | $31,920 |
| Total time deposits | $41,027 |
| Total time and savings deposits | $95,368 |
| Noninterest-bearing deposits | $46,847 |
| Interest-bearing deposits | $95,369 |
| Retail deposits | $136,455 |
| IRAs and Keogh plan accounts | $8,041 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $173,235 |
| Cash & Balances due from depository institutions | $14,034 |
| Interest-bearing balances | $11,981 |
| Total securities | $63,589 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $85,563 |
| Loan and leases loss allowance | $1,174 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,440 |
| Other real estate owned | $47 |
| Goodwill and other intangibles | $618 |
| All other assets | $3,944 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $173,235 |
| Total Liabilities | $143,663 |
| Total deposits | $142,216 |
| Interest-bearing deposits | $95,369 |
| Deposits held in domestic offices | $142,216 |
| % insured (estimated) | $82 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $1,447 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $85,563 |
| Loan and leases loss allowance | $1,174 |
| Total loans and leases (domestic) | $86,737 |
| All real estate loans | $70,559 |
| Real estate loans in domestic offices | $70,559 |
| Construction and development loans | $10,646 |
| Residential 1-4 family construction | $5,783 |
| Other construction, all land development and other land | $4,863 |
| Loans secured by nonfarm nonresidential properties | $32,283 |
| Nonfarm nonresidential secured by owner-occupied properties | $28,126 |
| Commercial real estate & other non-farm, non-residential | $4,157 |
| Multifamily residential real estate | $1,125 |
| 1-4 family residential loans | $25,196 |
| Farmland loans | $1,309 |
| Loans held in foreign offices | $0 |
| Farm loans | $454 |
| Commercial and industrial loans | $11,762 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,380 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $970 |
| Other loans to individuals | $2,410 |
| All other loans & leases | $581 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $581 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $1,445 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $3,229 |
| Non 1-4 family restructured loans & leases | $3,229 |
| Total loans and leases (foreign) | $0 |
Bank of Abbeville & Trust Company had $85,563,000 of loans outstanding in 2019. $70,559,000 of loans were in real estate loans. $10,646,000 of loans were in development loans. $1,125,000 of loans were in multifamily mortgage loans. $25,196,000 of loans were in 1-4 family mortgage loans. $454,000 of loans were in farm loans. $0 of loans were in credit card loans. $970,000 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 | 89 | $21,912 | $246,202 |
| Nonfarm, nonresidential loans - <$100k | 27 | $1,186 | $43,926 |
| Nonfarm, nonresidential loans - $100-250k | 24 | $3,286 | $136,917 |
| Nonfarm, nonresidential loans - $250k-1MM | 38 | $17,440 | $458,947 |
| Commercial & Industrial, US addressed loans - <$1MM | 165 | $8,534 | $51,721 |
| Commercial & Industrial, US addressed loans - <$100k | 135 | $2,074 | $15,363 |
| Commercial & Industrial, US addressed loans - $100-250k | 19 | $2,221 | $116,895 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 11 | $4,239 | $385,364 |
| Farmland loans - <$1MM | 20 | $1,309 | $65,450 |
| Farmland loans - <$100k | 15 | $437 | $29,133 |
| Farmland loans - $100-250k | 3 | $361 | $120,333 |
| Farmland loans - $250k-1MM | 2 | $511 | $255,500 |
| Agriculture operations loans - <$1MM | 20 | $454 | $22,700 |
| Agriculture operations loans - <$100k | 19 | $441 | $23,211 |
| Agriculture operations loans - $100-250k | 1 | $13 | $13,000 |