South Lafourche Bank & Trust Company Mortgage Rates, Fees & Info

Larose, LA

LEI: 549300SHK8JZR89HEF81

Tax ID: 72-0643664

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Mortgage Data

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

    South Lafourche Bank & Trust Company is a smaller bank specializing in Refi loans. South Lafourche Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Houma, New Orleans, Houston, Hattiesburg, and Baton Rouge among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    South Lafourche Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    195

    Origination Dollar Volume (All Markets)

    $25,165,000

    Employee count

    50

    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
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 169 $21,315,000 $126,124 $557 5.76%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 15 $1,985,000 $132,333 $414 5.91%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $655,000 $655,000 $0 6.64%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $405,000 $405,000 $169 5.21%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $255,000 $85,000 $196 5.62%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $205,000 $205,000 $2,135 5.21%
    Outside of Metro Areas 3 $175,000 $58,333 $1,090 5.91%
    JACKSON, MS (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.64%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.16%
    South Lafourche Bank & Trust Company's top markets include Houma, New Orleans, Houston, Hattiesburg, and Baton Rouge among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 195 $25,165,000 $129,051 $553 5.77%

    For 2018, South Lafourche Bank & Trust Company's most frequently originated type of loan was Conventional, with 195 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 169 $22,655,000 $134,053 $272 5.81%
    Home Purchase 20 $2,050,000 $102,500 $2,458 5.48%
    Other 4 $340,000 $85,000 $1,267 5.53%
    Home Improvement 2 $120,000 $60,000 $558 5.82%

    For 2018, South Lafourche Bank & Trust Company's most frequently cited loan purpose was Refi, with 169 originations. The 2nd most popular reason was Home Purchase, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 192 $24,520,000 $127,708 $559 5.77%
    1 Year 2 $570,000 $285,000 $169 6.68%
    3 Year 1 $75,000 $75,000 $154 3.76%

    For 2018, South Lafourche Bank & Trust Company's most frequently cited loan duration was Other, with 192 originations. The 2nd most popular length was 1 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 148 $14,520,000 $98,108

    South Lafourche Bank & Trust Company's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 148 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 123 $14,885,000 $121,016
    6-7% 58 $7,570,000 $130,517
    7-8% 8 $2,010,000 $251,250
    Over 8% 3 $125,000 $41,667
    4-5% 2 $500,000 $250,000
    3-4% 1 $75,000 $75,000

    During 2018, South Lafourche Bank & Trust Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 123 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 132 $6,950,000 $52,652 $497 5.76%
    $100k-200k 35 $4,595,000 $131,286 $695 5.73%
    $200k-400k 18 $5,130,000 $285,000 $849 5.71%
    $400k-600k 5 $2,255,000 $451,000 $171 5.91%
    $1MM+ 3 $4,855,000 $1,618,333 $0 6.77%
    $600k-1MM 2 $1,380,000 $690,000 $0 6.01%

    2018 saw South Lafourche Bank & Trust Company place emphasis on $100,000 or less loans with 132 originations, totaling $6,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 57 $3,075,000 $53,947 $509 5.87%
    $50k-75k 37 $3,175,000 $85,811 $562 5.65%
    $100k-150k 27 $3,355,000 $124,259 $399 5.56%
    $75k-100k 26 $2,530,000 $97,308 $691 5.57%
    $150k-250k 10 $1,290,000 $129,000 $540 5.66%
    $250k+ 10 $2,700,000 $270,000 $793 5.47%

    South Lafourche Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 57 originations. The second most popular income band? $50k-75k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 41 $3,605,000 $87,927 $542 5.68%
    >60% 36 $3,280,000 $91,111 $448 6.02%
    <20% 28 $3,310,000 $118,214 $731 5.53%
    30-36% 24 $2,480,000 $103,333 $734 5.44%
    39% 9 $945,000 $105,000 $596 5.63%
    50-60% 6 $570,000 $95,000 $354 6.17%
    38% 4 $410,000 $102,500 $1,180 5.48%
    36% 3 $155,000 $51,667 $151 5.53%
    40% 3 $185,000 $61,667 $311 5.87%
    45% 3 $505,000 $168,333 $153 5.16%
    37% 2 $180,000 $90,000 $164 5.40%
    46% 2 $40,000 $20,000 $194 5.22%
    47% 1 $175,000 $175,000 $164 5.32%
    41% 1 $65,000 $65,000 $162 5.86%
    44% 1 $115,000 $115,000 $185 6.41%

    South Lafourche Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? >60%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 154 $14,300,000 $92,857 $519 5.70%
    Not applicable 21 $8,625,000 $410,714 $0 6.25%
    Asian 7 $915,000 $130,714 $1,652 5.33%
    Native Hawaiian or Islander 3 $765,000 $255,000 $165 5.28%
    American Indian 7 $365,000 $52,143 $293 6.14%
    Black 3 $195,000 $65,000 $1,047 6.70%

    Approval Rates

    Total approvals of all applications
    96.36%

    South Lafourche Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    91.28%

    South Lafourche Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 195 $25,165,000 $129,051

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,740,000 $435,000
    Single Family (1-4 Units):Manufactured 7 $315,000 $45,000
    Single Family (1-4 Units):Site-Built 184 $23,110,000 $125,598

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $2,570,000 $71,389 $426 5.68%
    40-60% 48 $8,820,000 $183,750 $418 5.88%
    60-80% 62 $8,380,000 $135,161 $619 5.60%
    80-100% 23 $2,725,000 $118,478 $1,109 5.96%
    Over 100% 2 $1,140,000 $570,000 $185 7.05%
    Under 20% 24 $1,530,000 $63,750 $151 5.82%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    South Lafourche Bank & Trust Company 10960 Ushwy 1 Lockport, LA 70374 Full Service B&M $13,775
    South Lafourche Bank & Trust Company 13226 West Main Street Larose, LA 70373 Full Service B&M $60,903
    South Lafourche Bank & Trust Company 16582 West Main Street Galliano, LA 70354 Full Service B&M $20,407
    South Lafourche Bank & Trust Company 20658 Ushwy 1 Golden Meadow, LA 70357 Full Service B&M $23,927
    South Lafourche Bank & Trust Company East 51st Street And Highway 308 Cut Off, LA 70345 Full Service B&M $5,359

    For 2018, South Lafourche Bank & Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,709
    Net interest income $5,557
    Total noninterest income $761
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $568
    Trading account gains and fees $0
    Additional Noninterest Income $193
    Pre-tax net operating income $-221
    Securities gains (or losses, -) $0
    Income before extraordinary items $-221
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-221
    Minority interest net income $0
    Net income $-221
    Sale, conversion, retirement of capital stock, net $4,706
    Net operating income $-221

    South Lafourche Bank & Trust Company's gross interest income from loans was $6,709,000.
    South Lafourche Bank & Trust Company's net interest income from loans was $5,557,000.
    South Lafourche Bank & Trust Company's fee based income from loans was $568,000.
    South Lafourche Bank & Trust Company's net income from loans was $-221,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,152
    Provision for credit losses $920
    Total noninterest expense $5,619
    Salaries and employee benefits $2,641
    Premises and equipment expense $592
    Additional noninterest expense $2,386
    Applicable income taxes $0
    Net charge-offs $1,021
    Cash dividends $0

    South Lafourche Bank & Trust Company's interest expense for loans was $1,152,000.
    South Lafourche Bank & Trust Company's payroll and benefits expense were $2,641,000.
    South Lafourche Bank & Trust Company's property, plant and equipment expenses $592,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 5.0%
    Real Estate loans 4.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 6.0%
    Multifamily residential loans 64.0%
    1-4 family residential loans 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 12.0%
    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 $108,106
    Deposits held in domestic offices $108,106
    Deposits by Individuals, partnerships, and corporations $99,175
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,931
    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 $27,081
    Demand deposits $19,858
    Nontransaction accounts $81,025
    Money market deposit accounts (MMDAs) $11,139
    Other savings deposits (excluding MMDAs) $26,743
    Total time deposits $43,145
    Total time and savings deposits $88,248
    Noninterest-bearing deposits $19,858
    Interest-bearing deposits $88,248
    Retail deposits $102,744
    IRAs and Keogh plan accounts $4,089
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $145,361
    Cash & Balances due from depository institutions $3,232
    Interest-bearing balances $166
    Total securities $9,131
    Federal funds sold & reverse repurchase $16,400
    Net loans and leases $113,289
    Loan and leases loss allowance $2,140
    Trading account assets $0
    Bank premises and fixed assets $1,172
    Other real estate owned $34
    Goodwill and other intangibles $0
    All other assets $2,103

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $145,361
    Total Liabilities $126,875
    Total deposits $108,106
    Interest-bearing deposits $88,248
    Deposits held in domestic offices $108,106
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $18,400
    Subordinated debt $0
    All other liabilities $369

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $113,289
    Loan and leases loss allowance $2,140
    Total loans and leases (domestic) $115,429
    All real estate loans $90,481
    Real estate loans in domestic offices $90,481
    Construction and development loans $8,280
    Residential 1-4 family construction $1,093
    Other construction, all land development and other land $7,187
    Loans secured by nonfarm nonresidential properties $18,244
    Nonfarm nonresidential secured by owner-occupied properties $14,005
    Commercial real estate & other non-farm, non-residential $4,239
    Multifamily residential real estate $1,427
    1-4 family residential loans $62,427
    Farmland loans $103
    Loans held in foreign offices $0
    Farm loans $101
    Commercial and industrial loans $17,818
    To non-U.S. addressees $0
    Loans to individuals $7,017
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $265
    Other loans to individuals $6,752
    All other loans & leases $12
    Loans to foreign governments and official institutions $0
    Other loans $12
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    South Lafourche Bank & Trust Company had $113,289,000 of loans outstanding in 2018. $90,481,000 of loans were in real estate loans. $8,280,000 of loans were in development loans. $1,427,000 of loans were in multifamily mortgage loans. $62,427,000 of loans were in 1-4 family mortgage loans. $101,000 of loans were in farm loans. $0 of loans were in credit card loans. $265,000 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 59 $11,063 $187,508
    Nonfarm, nonresidential loans - <$100k 12 $628 $52,333
    Nonfarm, nonresidential loans - $100-250k 23 $2,196 $95,478
    Nonfarm, nonresidential loans - $250k-1MM 24 $8,239 $343,292
    Commercial & Industrial, US addressed loans - <$1MM 92 $4,959 $53,902
    Commercial & Industrial, US addressed loans - <$100k 72 $1,281 $17,792
    Commercial & Industrial, US addressed loans - $100-250k 14 $1,817 $129,786
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $1,861 $310,167
    Farmland loans - <$1MM 2 $103 $51,500
    Farmland loans - <$100k 1 $42 $42,000
    Farmland loans - $100-250k 1 $61 $61,000
    Agriculture operations loans - <$1MM 6 $101 $16,833
    Agriculture operations loans - <$100k 6 $101 $16,833