Bank Of Abbeville & Trust Company Mortgage Rates, Fees & Info

Abbeville, LA

LEI: 549300RP00N9TM7RLE66

Tax ID: 72-0124830

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Bank Of Abbeville & Trust Company is a smaller bank specializing in Refi, Cash Out Refi, and Home Purchase loans. Bank Of Abbeville & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Opelousas, Morgan City, Jennings, and Baton Rouge among others. We have data for 6 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. Bank Of Abbeville & Trust Company 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.

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    Originations

    270

    Origination Dollar Volume (All Markets)

    $57,380,000

    Employee count

    36

    Awards

    Bank of Abbeville & Trust Company 30 Year Conventional Loans silver Bank of Abbeville & Trust Company 30 Year Conventional Loans silver
    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
    LAFAYETTE, LA (FHA|USDA|VA) 255 $53,835,000 $211,118 $3,512 3.54%
    Opelousas, LA (FHA|USDA|VA) 7 $1,565,000 $223,571 $3,662 3.13%
    Outside of Metro Areas 2 $1,010,000 $505,000 $0 2.69%
    Morgan City, LA (FHA|USDA|VA) 3 $535,000 $178,333 $2,925 2.79%
    Jennings, LA (FHA|USDA|VA) 1 $245,000 $245,000 $4,103 4.00%
    BATON ROUGE, LA (FHA|USDA|VA) 2 $190,000 $95,000 $0 4.88%
    Bank Of Abbeville & Trust Company's top markets include Lafayette, Opelousas, Morgan City, Jennings, and Baton Rouge among others.

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

    • 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.

    Bank of Abbeville & Trust Company
    Similarity Rank: 162
    Red River Bank
    Similarity Rank: 216
    Home Bank
    Similarity Rank: 504
    DSLD MORTGAGE, LLC
    Similarity Rank: 680
    ADVANCIAL
    Similarity Rank: 2760
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 3752
    Hancock Whitney Bank
    Similarity Rank: 5390
    TIB The Independent Bankersbank
    Similarity Rank: 5742
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 7074
    ROSS MORTGAGE CORPORATION
    Similarity Rank: 8052

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 270 $57,380,000 $212,519 $3,511 3.53%

    For 2020, Bank Of Abbeville & Trust Company's most frequently originated type of loan was Conventional, with 270 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 130 $24,970,000 $192,077 $3,217 3.18%
    Cash Out Refi 77 $14,535,000 $188,766 $3,637 3.58%
    Home Purchase 63 $17,875,000 $283,730 $4,164 4.17%

    For 2020, Bank Of Abbeville & Trust Company's most frequently cited loan purpose was Refi, with 130 originations. The 2nd most popular reason was Cash Out Refi, with 77 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 86 $21,460,000 $249,535 $3,728 3.06%
    15 Year 62 $11,940,000 $192,581 $3,490 2.82%
    5 Year 34 $7,970,000 $234,412 $58 5.02%
    20 Year 33 $7,205,000 $218,333 $3,464 2.89%
    10 Year 22 $2,570,000 $116,818 $2,154 3.98%
    Other 17 $1,395,000 $82,059 $1,157 5.39%
    30+ year 15 $4,815,000 $321,000 $4,496 4.21%
    1 Year 1 $25,000 $25,000 $5,047 5.50%

    For 2020, Bank Of Abbeville & Trust Company's most frequently cited loan duration was 30 Year, with 86 originations. The 2nd most popular length was 15 Year, with 62 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 207 $44,955,000 $217,174
    $1k-2k 2 $410,000 $205,000
    $4k-5k 1 $515,000 $515,000

    Bank Of Abbeville & Trust Company's average total fees were $3,728, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 207 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 115 $26,035,000 $226,391
    3-4% 57 $13,745,000 $241,140
    5-6% 47 $5,905,000 $125,638
    4-5% 26 $7,760,000 $298,462
    <2.5% 25 $3,935,000 $157,400

    During 2020, Bank Of Abbeville & Trust Company's average interest rate for loans was 3.06%, while their most frequently originated rate bucket for loans was 2.5-3%, with 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 90 $24,930,000 $277,000 $3,941 3.03%
    $100k-200k 85 $12,705,000 $149,471 $2,952 3.07%
    $100,000 or less 72 $4,020,000 $55,833 $1,958 4.63%
    $400k-600k 19 $9,095,000 $478,684 $6,201 3.39%
    $1MM+ 2 $5,230,000 $2,615,000 $0 5.00%
    $600k-1MM 2 $1,400,000 $700,000 $0 5.56%

    2020 saw Bank Of Abbeville & Trust Company place emphasis on $200k-400k loans with 90 originations, totaling $24,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 65 $14,215,000 $218,692 $3,485 3.15%
    $150k-250k 57 $15,225,000 $267,105 $3,890 3.22%
    $75k-100k 41 $7,355,000 $179,390 $3,248 3.21%
    $50k-75k 32 $4,610,000 $144,063 $3,128 3.16%
    $50k or less 16 $1,420,000 $88,750 $2,610 3.22%
    $250k+ 13 $4,615,000 $355,000 $5,040 3.31%

    Bank Of Abbeville & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 65 originations. The second most popular income band? $150k-250k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 77 $16,785,000 $217,987 $3,309 3.03%
    <20% 77 $14,725,000 $191,234 $3,212 3.19%
    30-36% 25 $5,305,000 $212,200 $4,413 3.19%
    44% 6 $1,560,000 $260,000 $5,790 3.56%
    38% 6 $1,660,000 $276,667 $4,108 3.48%
    42% 5 $1,345,000 $269,000 $2,616 3.48%
    41% 4 $810,000 $202,500 $2,949 3.56%
    36% 4 $590,000 $147,500 $2,187 3.47%
    39% 4 $1,130,000 $282,500 $6,582 3.88%
    40% 4 $810,000 $202,500 $3,845 3.56%
    43% 3 $855,000 $285,000 $2,753 3.08%
    37% 3 $1,015,000 $338,333 $5,261 3.71%
    45% 3 $515,000 $171,667 $2,665 2.83%
    46% 1 $145,000 $145,000 $2,733 2.88%
    49% 1 $185,000 $185,000 $1,796 2.63%
    >60% 1 $5,000 $5,000 $0 5.63%

    Bank Of Abbeville & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 77 originations. The next most common DTI ratio? <20%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 213 $45,115,000 $211,808 $3,496 3.17%
    Not applicable 45 $9,795,000 $217,667 $0 5.20%
    Black 8 $1,770,000 $221,250 $3,973 3.72%
    Asian 2 $480,000 $240,000 $4,207 3.19%
    American Indian 2 $220,000 $110,000 $1,796 3.88%

    Approval Rates

    Total approvals of all applications
    92.94%

    Bank Of Abbeville & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.15%

    Bank Of Abbeville & Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    997.5 1 $275,000 $275,000
    NA 269 $57,105,000 $212,286

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 8 $420,000 $52,500
    Single Family (1-4 Units):Site-Built 262 $56,960,000 $217,405

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,400,000 $87,500 $2,019 3.26%
    40-60% 46 $7,630,000 $165,870 $3,177 3.14%
    60-80% 134 $29,960,000 $223,582 $3,781 3.36%
    80-100% 57 $16,735,000 $293,596 $3,901 4.02%
    Over 100% 3 $815,000 $271,667 $0 3.50%
    Under 20% 9 $705,000 $78,333 $2,310 4.28%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Incorrect information on your report 1 3.8%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 2 7.7%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 4 15.4%
    BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 2 7.7%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.8%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 6 23.1%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 3.8%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 2 7.7%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 4 15.4%
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 7.7%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 3.8%

    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 $116,733
    Bank of Abbeville & Trust Company 8705 Maurice Avenue Maurice, LA 70555 Full Service B&M $43,534

    For 2020, Bank Of Abbeville & Trust Company had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,889
    Net interest income $5,230
    Total noninterest income $1,621
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $99
    Trading account gains and fees $0
    Additional Noninterest Income $1,522
    Pre-tax net operating income $1,612
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,347
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,347
    Minority interest net income $0
    Net income $1,347
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,347

    Bank Of Abbeville & Trust Company's gross interest income from loans was $5,889,000.
    Bank Of Abbeville & Trust Company's net interest income from loans was $5,230,000.
    Bank Of Abbeville & Trust Company's fee based income from loans was $99,000.
    Bank Of Abbeville & Trust Company's net income from loans was $1,347,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $659
    Provision for credit losses $225
    Total noninterest expense $5,014
    Salaries and employee benefits $3,026
    Premises and equipment expense $662
    Additional noninterest expense $1,326
    Applicable income taxes $265
    Net charge-offs $-13
    Cash dividends $492

    Bank Of Abbeville & Trust Company's interest expense for loans was $659,000.
    Bank Of Abbeville & Trust Company's payroll and benefits expense were $3,026,000.
    Bank Of Abbeville & Trust Company's property, plant and equipment expenses $662,000.

    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 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    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 $163,117
    Deposits held in domestic offices $163,117
    Deposits by Individuals, partnerships, and corporations $151,201
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,915
    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 $81,119
    Demand deposits $59,174
    Nontransaction accounts $81,997
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $37,813
    Total time deposits $44,184
    Total time and savings deposits $103,942
    Noninterest-bearing deposits $59,174
    Interest-bearing deposits $103,943
    Retail deposits $155,295
    IRAs and Keogh plan accounts $8,098
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $195,255
    Cash & Balances due from depository institutions $19,966
    Interest-bearing balances $18,195
    Total securities $52,904
    Federal funds sold & reverse repurchase $10,000
    Net loans and leases $102,471
    Loan and leases loss allowance $1,412
    Trading account assets $0
    Bank premises and fixed assets $5,216
    Other real estate owned $78
    Goodwill and other intangibles $560
    All other assets $4,060

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $195,255
    Total Liabilities $164,489
    Total deposits $163,117
    Interest-bearing deposits $103,943
    Deposits held in domestic offices $163,117
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,372

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $102,471
    Loan and leases loss allowance $1,412
    Total loans and leases (domestic) $103,883
    All real estate loans $78,382
    Real estate loans in domestic offices $78,382
    Construction and development loans $13,181
    Residential 1-4 family construction $6,630
    Other construction, all land development and other land $6,551
    Loans secured by nonfarm nonresidential properties $33,337
    Nonfarm nonresidential secured by owner-occupied properties $29,406
    Commercial real estate & other non-farm, non-residential $3,931
    Multifamily residential real estate $594
    1-4 family residential loans $30,037
    Farmland loans $1,233
    Loans held in foreign offices $0
    Farm loans $307
    Commercial and industrial loans $20,315
    To non-U.S. addressees $0
    Loans to individuals $4,045
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $846
    Other loans to individuals $3,199
    All other loans & leases $834
    Loans to foreign governments and official institutions $0
    Other loans $834
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,781
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,173
    Non 1-4 family restructured loans & leases $3,173
    Total loans and leases (foreign) $0

    Bank of Abbeville & Trust Company had $102,471,000 of loans outstanding in 2020. $78,382,000 of loans were in real estate loans. $13,181,000 of loans were in development loans. $594,000 of loans were in multifamily mortgage loans. $30,037,000 of loans were in 1-4 family mortgage loans. $307,000 of loans were in farm loans. $0 of loans were in credit card loans. $846,000 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 90 $22,106 $245,622
    Nonfarm, nonresidential loans - <$100k 23 $948 $41,217
    Nonfarm, nonresidential loans - $100-250k 28 $3,777 $134,893
    Nonfarm, nonresidential loans - $250k-1MM 39 $17,381 $445,667
    Commercial & Industrial, US addressed loans - <$1MM 237 $10,785 $45,506
    Commercial & Industrial, US addressed loans - <$100k 193 $3,630 $18,808
    Commercial & Industrial, US addressed loans - $100-250k 29 $3,020 $104,138
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $4,135 $275,667
    Farmland loans - <$1MM 22 $1,233 $56,045
    Farmland loans - <$100k 17 $368 $21,647
    Farmland loans - $100-250k 3 $399 $133,000
    Farmland loans - $250k-1MM 2 $466 $233,000
    Agriculture operations loans - <$1MM 14 $307 $21,929
    Agriculture operations loans - <$100k 14 $307 $21,929