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 Home Purchase, Refi, and Cash Out Refi loans. Bank Of Abbeville & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Baton Rouge, Opelousas, Jennings, and Morgan City 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. 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

    228

    Origination Dollar Volume (All Markets)

    $43,260,000

    Employee count

    37

    Awards

    Bank of Abbeville & Trust Company 30 Year Conventional Loans gold Bank of Abbeville & Trust Company 30 Year Conventional Loans bronze
    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) 197 $39,205,000 $199,010 $2,636 3.65%
    BATON ROUGE, LA (FHA|USDA|VA) 22 $1,800,000 $81,818 $0 4.84%
    Opelousas, LA (FHA|USDA|VA) 5 $1,035,000 $207,000 $2,610 2.73%
    Jennings, LA (FHA|USDA|VA) 1 $365,000 $365,000 $5,991 4.00%
    Morgan City, LA (FHA|USDA|VA) 1 $365,000 $365,000 $0 4.75%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.62%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.63%
    Bank Of Abbeville & Trust Company's top markets include Lafayette, Baton Rouge, Opelousas, Jennings, and Morgan City among others.

    Their top states include:
  • Louisiana (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: 161
    Abbeville Building & Loan (A State-Chartered Savings Bank)
    Similarity Rank: 264
    DSLD MORTGAGE, LLC
    Similarity Rank: 702
    Home Bank
    Similarity Rank: 925
    The Bank
    Similarity Rank: 931
    TIB The Independent Bankersbank
    Similarity Rank: 2790
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 3648
    ADVANCIAL
    Similarity Rank: 4238
    Lakeview Community Capital, LLC
    Similarity Rank: 4928
    Hancock Whitney Bank
    Similarity Rank: 6144

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 228 $43,260,000 $189,737 $2,660 3.76%

    For 2021, Bank Of Abbeville & Trust Company's most frequently originated type of loan was Conventional, with 228 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 88 $17,220,000 $195,682 $3,553 4.21%
    Refi 80 $15,370,000 $192,125 $2,346 3.61%
    Cash Out Refi 60 $10,670,000 $177,833 $2,337 3.30%

    For 2021, Bank Of Abbeville & Trust Company's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Refi, with 80 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 73 $9,765,000 $133,767 $0 4.81%
    30 Year 61 $15,455,000 $253,361 $2,752 3.04%
    15 Year 33 $5,045,000 $152,879 $1,958 3.13%
    20 Year 21 $4,735,000 $225,476 $2,512 2.79%
    30+ year 17 $5,725,000 $336,765 $4,667 4.03%
    10 Year 12 $1,420,000 $118,333 $1,878 3.15%
    Other 7 $685,000 $97,857 $2,116 4.88%
    1 Year 4 $430,000 $107,500 $0 4.69%

    For 2021, Bank Of Abbeville & Trust Company's most frequently cited loan duration was 5 Year, with 73 originations. The 2nd most popular length was 30 Year, with 61 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 137 $30,355,000 $221,569

    Bank Of Abbeville & Trust Company's average total fees were $2,752, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 137 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 93 $13,535,000 $145,538
    2.5-3% 63 $14,855,000 $235,794
    3-4% 35 $9,355,000 $267,286
    <2.5% 27 $4,785,000 $177,222
    5-6% 9 $705,000 $78,333
    6-7% 1 $25,000 $25,000

    During 2021, Bank Of Abbeville & Trust Company's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 4-5%, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 73 $4,165,000 $57,055 $1,362 4.48%
    $100k-200k 70 $10,350,000 $147,857 $2,397 3.61%
    $200k-400k 67 $18,255,000 $272,463 $3,064 3.24%
    $400k-600k 16 $8,090,000 $505,625 $3,970 3.27%
    $1MM+ 1 $1,785,000 $1,785,000 $0 4.75%
    $600k-1MM 1 $615,000 $615,000 $4,823 4.00%

    2021 saw Bank Of Abbeville & Trust Company place emphasis on $100,000 or less loans with 73 originations, totaling $4,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $8,060,000 $251,875 $2,892 3.37%
    $150k-250k 32 $8,280,000 $258,750 $2,795 3.13%
    $75k-100k 28 $5,310,000 $189,643 $2,488 3.13%
    $50k-75k 24 $3,200,000 $133,333 $2,471 3.43%
    $50k or less 24 $3,100,000 $129,167 $2,227 3.27%
    $250k+ 13 $4,835,000 $371,923 $3,186 3.36%

    Bank Of Abbeville & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $150k-250k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 42 $9,450,000 $225,000 $2,581 3.17%
    <20% 37 $6,265,000 $169,324 $2,374 3.32%
    30-36% 23 $5,135,000 $223,261 $2,796 3.28%
    44% 8 $1,560,000 $195,000 $2,181 2.97%
    42% 4 $1,420,000 $355,000 $4,053 3.28%
    36% 4 $1,050,000 $262,500 $3,180 3.31%
    41% 4 $840,000 $210,000 $3,086 3.88%
    40% 3 $1,035,000 $345,000 $2,808 3.00%
    50-60% 3 $295,000 $98,333 $1,798 4.21%
    37% 3 $475,000 $158,333 $2,379 3.00%
    47% 3 $615,000 $205,000 $2,269 2.92%
    39% 3 $555,000 $185,000 $2,563 3.04%
    46% 2 $540,000 $270,000 $4,418 3.94%
    43% 2 $270,000 $135,000 $2,117 4.44%
    48% 2 $460,000 $230,000 $2,595 3.13%
    45% 1 $125,000 $125,000 $2,451 3.38%
    49% 1 $55,000 $55,000 $2,141 2.88%
    38% 1 $505,000 $505,000 $5,013 4.00%

    Bank Of Abbeville & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 42 originations. The next most common DTI ratio? <20%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 149 $31,735,000 $212,987 $2,676 3.26%
    Not applicable 69 $9,155,000 $132,681 $0 4.82%
    Black 6 $1,420,000 $236,667 $3,130 3.71%
    Asian 3 $895,000 $298,333 $1,245 3.46%
    American Indian 1 $55,000 $55,000 $1,573 5.75%

    Approval Rates

    Total approvals of all applications
    94.98%

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

    Pick Rate

    Approvals leading to origination
    67.11%

    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
    NA 228 $43,260,000 $189,737

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    228 $43,260,000 $189,737

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,410,000 $117,500 $1,381 4.41%
    40-60% 29 $3,465,000 $119,483 $2,172 3.28%
    60-80% 88 $22,180,000 $252,045 $2,832 3.35%
    80-100% 86 $14,650,000 $170,349 $3,198 4.13%
    Under 20% 5 $285,000 $57,000 $342 4.33%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 20.0%
    BANK OF THE WEST VA mortgage Trouble during payment process 1 3.3%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 2 6.7%
    BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 1 3.3%
    BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 3.3%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 3 10.0%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 4 13.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 6.7%
    BANK OF THE WEST FHA mortgage Trouble during payment process 1 3.3%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 2 6.7%
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 16.7%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 1 3.3%

    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 $120,972
    Bank of Abbeville & Trust Company 8705 Maurice Avenue Maurice, LA 70555 Full Service B&M $54,931

    For 2021, Bank Of Abbeville & Trust Company had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,292
    Net interest income $5,743
    Total noninterest income $1,349
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $101
    Trading account gains and fees $0
    Additional Noninterest Income $1,248
    Pre-tax net operating income $1,791
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,226
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,226
    Minority interest net income $0
    Net income $1,226
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,226

    Bank Of Abbeville & Trust Company's gross interest income from loans was $6,292,000.
    Bank Of Abbeville & Trust Company's net interest income from loans was $5,743,000.
    Bank Of Abbeville & Trust Company's fee based income from loans was $101,000.
    Bank Of Abbeville & Trust Company's net income from loans was $1,226,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $549
    Provision for credit losses $182
    Total noninterest expense $5,119
    Salaries and employee benefits $2,940
    Premises and equipment expense $678
    Additional noninterest expense $1,501
    Applicable income taxes $565
    Net charge-offs $-7
    Cash dividends $5,200

    Bank Of Abbeville & Trust Company's interest expense for loans was $549,000.
    Bank Of Abbeville & Trust Company's payroll and benefits expense were $2,940,000.
    Bank Of Abbeville & Trust Company's property, plant and equipment expenses $678,000.

    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 $190,705
    Deposits held in domestic offices $190,705
    Deposits by Individuals, partnerships, and corporations $175,386
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $15,319
    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 $98,429
    Demand deposits $71,371
    Nontransaction accounts $92,276
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $42,921
    Total time deposits $49,355
    Total time and savings deposits $119,334
    Noninterest-bearing deposits $71,371
    Interest-bearing deposits $119,334
    Retail deposits $179,127
    IRAs and Keogh plan accounts $9,101
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $218,588
    Cash & Balances due from depository institutions $31,495
    Interest-bearing balances $28,032
    Total securities $71,045
    Federal funds sold & reverse repurchase $10,000
    Net loans and leases $96,498
    Loan and leases loss allowance $1,601
    Trading account assets $0
    Bank premises and fixed assets $5,014
    Other real estate owned $23
    Goodwill and other intangibles $608
    All other assets $3,905

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $218,588
    Total Liabilities $192,243
    Total deposits $190,705
    Interest-bearing deposits $119,334
    Deposits held in domestic offices $190,705
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,538

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $96,498
    Loan and leases loss allowance $1,601
    Total loans and leases (domestic) $98,099
    All real estate loans $77,395
    Real estate loans in domestic offices $77,395
    Construction and development loans $8,302
    Residential 1-4 family construction $5,396
    Other construction, all land development and other land $2,906
    Loans secured by nonfarm nonresidential properties $34,401
    Nonfarm nonresidential secured by owner-occupied properties $30,858
    Commercial real estate & other non-farm, non-residential $3,543
    Multifamily residential real estate $1,512
    1-4 family residential loans $31,940
    Farmland loans $1,240
    Loans held in foreign offices $0
    Farm loans $620
    Commercial and industrial loans $16,978
    To non-U.S. addressees $0
    Loans to individuals $2,756
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $718
    Other loans to individuals $2,038
    All other loans & leases $350
    Loans to foreign governments and official institutions $0
    Other loans $350
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $909
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,064
    Non 1-4 family restructured loans & leases $3,064
    Total loans and leases (foreign) $0

    Bank of Abbeville & Trust Company had $96,498,000 of loans outstanding in 2021. $77,395,000 of loans were in real estate loans. $8,302,000 of loans were in development loans. $1,512,000 of loans were in multifamily mortgage loans. $31,940,000 of loans were in 1-4 family mortgage loans. $620,000 of loans were in farm loans. $0 of loans were in credit card loans. $718,000 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 87 $17,706 $203,517
    Nonfarm, nonresidential loans - <$100k 26 $1,081 $41,577
    Nonfarm, nonresidential loans - $100-250k 28 $3,609 $128,893
    Nonfarm, nonresidential loans - $250k-1MM 33 $13,016 $394,424
    Commercial & Industrial, US addressed loans - <$1MM 162 $10,729 $66,228
    Commercial & Industrial, US addressed loans - <$100k 124 $1,820 $14,677
    Commercial & Industrial, US addressed loans - $100-250k 22 $2,295 $104,318
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $6,614 $413,375
    Farmland loans - <$1MM 22 $1,240 $56,364
    Farmland loans - <$100k 17 $315 $18,529
    Farmland loans - $100-250k 4 $514 $128,500
    Farmland loans - $250k-1MM 1 $411 $411,000
    Agriculture operations loans - <$1MM 9 $620 $68,889
    Agriculture operations loans - <$100k 7 $165 $23,571
    Agriculture operations loans - $100-250k 1 $235 $235,000
    Agriculture operations loans - $250k-1MM 1 $220 $220,000