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 and Home Purchase loans. South Lafourche Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Houma, New Orleans, Lafayette, Greenwood, and Opelousas among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    South Lafourche Bank & 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

    82

    Origination Dollar Volume (All Markets)

    $9,740,000

    Employee count

    47

    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) 65 $6,795,000 $104,538 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 8 $1,750,000 $218,750 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $695,000 $695,000 $0 0.00%
    Outside of Metro Areas 6 $300,000 $50,000 $0 0.00%
    Greenwood, MS (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    South Lafourche Bank & Trust Company's top markets include Houma, New Orleans, Lafayette, Greenwood, and Opelousas among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 82 $9,740,000 $118,780 $0 0.00%

    For 2019, South Lafourche Bank & Trust Company's most frequently originated type of loan was Conventional, with 82 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 60 $7,200,000 $120,000 $0 0.00%
    Home Purchase 17 $2,405,000 $141,471 $0 0.00%
    Home Improvement 3 $55,000 $18,333 $0 0.00%
    Other 2 $80,000 $40,000 $0 0.00%

    For 2019, South Lafourche Bank & Trust Company's most frequently cited loan purpose was Refi, with 60 originations. The 2nd most popular reason was Home Purchase, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 82 $9,740,000 $118,780 $0 0.00%

    For 2019, South Lafourche Bank & Trust Company's most frequently cited loan duration was Other, with 82 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 49 $1,975,000 $40,306 $0 0.00%
    $100k-200k 18 $2,470,000 $137,222 $0 0.00%
    $200k-400k 12 $3,210,000 $267,500 $0 0.00%
    $600k-1MM 2 $1,560,000 $780,000 $0 0.00%
    $400k-600k 1 $525,000 $525,000 $0 0.00%

    2019 saw South Lafourche Bank & Trust Company place emphasis on $100,000 or less loans with 49 originations, totaling $1,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 18 $880,000 $48,889 $0 0.00%
    $75k-100k 16 $1,060,000 $66,250 $0 0.00%
    $100k-150k 11 $1,415,000 $128,636 $0 0.00%
    $50k-75k 10 $710,000 $71,000 $0 0.00%
    $150k-250k 8 $1,600,000 $200,000 $0 0.00%
    $250k+ 4 $580,000 $145,000 $0 0.00%

    South Lafourche Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $75k-100k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 82 $9,740,000 $118,780 $0 0.00%

    South Lafourche Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 82 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 66 $6,060,000 $91,818 $0 0.00%
    Not applicable 15 $3,495,000 $233,000 $0 0.00%
    Asian 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.48%

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

    Pick Rate

    Approvals leading to origination
    70.73%

    South Lafourche Bank & Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 82 $9,740,000 $118,780

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $395,000 $395,000
    Single Family (1-4 Units):Manufactured 4 $310,000 $77,500
    Single Family (1-4 Units):Site-Built 77 $9,035,000 $117,338

    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 $7,508
    South Lafourche Bank & Trust Company 13226 West Main Street Larose, LA 70373 Full Service B&M $51,892
    South Lafourche Bank & Trust Company 16582 West Main Street Galliano, LA 70354 Full Service B&M $40,757
    South Lafourche Bank & Trust Company 20658 Ushwy 1 Golden Meadow, LA 70357 Full Service B&M $19,295
    South Lafourche Bank & Trust Company East 51st Street And Highway 308 Cut Off, LA 70345 Full Service B&M $4,784

    For 2019, South Lafourche Bank & Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,733
    Net interest income $5,598
    Total noninterest income $275
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $521
    Trading account gains and fees $0
    Additional Noninterest Income $-246
    Pre-tax net operating income $575
    Securities gains (or losses, -) $0
    Income before extraordinary items $575
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $575
    Minority interest net income $0
    Net income $575
    Sale, conversion, retirement of capital stock, net $375
    Net operating income $575

    South Lafourche Bank & Trust Company's gross interest income from loans was $6,733,000.
    South Lafourche Bank & Trust Company's net interest income from loans was $5,598,000.
    South Lafourche Bank & Trust Company's fee based income from loans was $521,000.
    South Lafourche Bank & Trust Company's net income from loans was $575,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,135
    Provision for credit losses $622
    Total noninterest expense $4,676
    Salaries and employee benefits $2,308
    Premises and equipment expense $598
    Additional noninterest expense $1,770
    Applicable income taxes $0
    Net charge-offs $728
    Cash dividends $0

    South Lafourche Bank & Trust Company's interest expense for loans was $1,135,000.
    South Lafourche Bank & Trust Company's payroll and benefits expense were $2,308,000.
    South Lafourche Bank & Trust Company's property, plant and equipment expenses $598,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 79.0%
    1-4 family residential loans 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 4.0%
    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 $107,678
    Deposits held in domestic offices $107,678
    Deposits by Individuals, partnerships, and corporations $99,387
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,291
    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 $33,429
    Demand deposits $26,746
    Nontransaction accounts $74,249
    Money market deposit accounts (MMDAs) $11,234
    Other savings deposits (excluding MMDAs) $25,710
    Total time deposits $37,305
    Total time and savings deposits $80,932
    Noninterest-bearing deposits $26,746
    Interest-bearing deposits $80,932
    Retail deposits $100,850
    IRAs and Keogh plan accounts $3,986
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $140,565
    Cash & Balances due from depository institutions $3,818
    Interest-bearing balances $149
    Total securities $11,536
    Federal funds sold & reverse repurchase $15,525
    Net loans and leases $105,734
    Loan and leases loss allowance $2,033
    Trading account assets $0
    Bank premises and fixed assets $1,178
    Other real estate owned $200
    Goodwill and other intangibles $0
    All other assets $2,574

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $140,565
    Total Liabilities $120,973
    Total deposits $107,678
    Interest-bearing deposits $80,932
    Deposits held in domestic offices $107,678
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $13,000
    Subordinated debt $0
    All other liabilities $295

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $105,734
    Loan and leases loss allowance $2,033
    Total loans and leases (domestic) $107,767
    All real estate loans $85,455
    Real estate loans in domestic offices $85,455
    Construction and development loans $7,675
    Residential 1-4 family construction $224
    Other construction, all land development and other land $7,451
    Loans secured by nonfarm nonresidential properties $17,831
    Nonfarm nonresidential secured by owner-occupied properties $14,358
    Commercial real estate & other non-farm, non-residential $3,473
    Multifamily residential real estate $706
    1-4 family residential loans $58,719
    Farmland loans $524
    Loans held in foreign offices $0
    Farm loans $139
    Commercial and industrial loans $16,045
    To non-U.S. addressees $0
    Loans to individuals $6,109
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $142
    Other loans to individuals $5,967
    All other loans & leases $19
    Loans to foreign governments and official institutions $0
    Other loans $19
    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 $105,734,000 of loans outstanding in 2019. $85,455,000 of loans were in real estate loans. $7,675,000 of loans were in development loans. $706,000 of loans were in multifamily mortgage loans. $58,719,000 of loans were in 1-4 family mortgage loans. $139,000 of loans were in farm loans. $0 of loans were in credit card loans. $142,000 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 57 $12,886 $226,070
    Nonfarm, nonresidential loans - <$100k 15 $663 $44,200
    Nonfarm, nonresidential loans - $100-250k 18 $2,571 $142,833
    Nonfarm, nonresidential loans - $250k-1MM 24 $9,652 $402,167
    Commercial & Industrial, US addressed loans - <$1MM 75 $4,216 $56,213
    Commercial & Industrial, US addressed loans - <$100k 59 $1,220 $20,678
    Commercial & Industrial, US addressed loans - $100-250k 9 $1,054 $117,111
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $1,942 $277,429
    Farmland loans - <$1MM 2 $524 $262,000
    Farmland loans - $100-250k 1 $49 $49,000
    Farmland loans - $250k-1MM 1 $475 $475,000
    Agriculture operations loans - <$1MM 9 $139 $15,444
    Agriculture operations loans - <$100k 9 $139 $15,444