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, Gulfport, Jackson, and Baton Rouge among others. We have data for 7 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

    77

    Origination Dollar Volume (All Markets)

    $12,135,000

    Employee count

    45

    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 $11,165,000 $171,769 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 5 $305,000 $61,000 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    JACKSON, MS (FHA|USDA|VA) 2 $200,000 $100,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Outside of Metro Areas 2 $50,000 $25,000 $0 0.00%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    South Lafourche Bank & Trust Company's top markets include Houma, New Orleans, Gulfport, Jackson, and Baton Rouge 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 77 $12,135,000 $157,597 $0 0.00%

    For 2020, South Lafourche Bank & Trust Company's most frequently originated type of loan was Conventional, with 77 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 60 $10,420,000 $173,667 $0 0.00%
    Home Purchase 14 $1,590,000 $113,571 $0 0.00%
    Other 2 $100,000 $50,000 $0 0.00%
    Home Improvement 1 $25,000 $25,000 $0 0.00%

    For 2020, 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 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 77 $12,135,000 $157,597 $0 0.00%

    For 2020, South Lafourche Bank & Trust Company's most frequently cited loan duration was Other, with 77 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 45 $2,265,000 $50,333 $0 0.00%
    $100k-200k 17 $2,445,000 $143,824 $0 0.00%
    $200k-400k 11 $2,785,000 $253,182 $0 0.00%
    $1MM+ 2 $3,510,000 $1,755,000 $0 0.00%
    $400k-600k 1 $435,000 $435,000 $0 0.00%
    $600k-1MM 1 $695,000 $695,000 $0 0.00%

    2020 saw South Lafourche Bank & Trust Company place emphasis on $100,000 or less loans with 45 originations, totaling $2,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 15 $1,195,000 $79,667 $0 0.00%
    $50k-75k 14 $1,110,000 $79,286 $0 0.00%
    $100k-150k 9 $1,215,000 $135,000 $0 0.00%
    $75k-100k 9 $1,025,000 $113,889 $0 0.00%
    $150k-250k 8 $700,000 $87,500 $0 0.00%
    $250k+ 2 $740,000 $370,000 $0 0.00%

    South Lafourche Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 15 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% 77 $12,135,000 $157,597 $0 0.00%

    South Lafourche Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 53 $5,945,000 $112,170 $0 0.00%
    Not applicable 17 $5,695,000 $335,000 $0 0.00%
    Asian 2 $280,000 $140,000 $0 0.00%
    Black 2 $120,000 $60,000 $0 0.00%
    American Indian 3 $95,000 $31,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.07%

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

    Pick Rate

    Approvals leading to origination
    68.83%

    South Lafourche Bank & 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 77 $12,135,000 $157,597

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,010,000 $252,500
    Single Family (1-4 Units):Manufactured 6 $220,000 $36,667
    Single Family (1-4 Units):Site-Built 67 $10,905,000 $162,761

    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 $5,543
    South Lafourche Bank & Trust Company 13226 West Main Street Larose, LA 70373 Full Service B&M $66,145
    South Lafourche Bank & Trust Company 16582 West Main Street Galliano, LA 70354 Full Service B&M $34,094
    South Lafourche Bank & Trust Company 20658 Ushwy 1 Golden Meadow, LA 70357 Full Service B&M $19,811
    South Lafourche Bank & Trust Company East 51st Street And Highway 308 Cut Off, LA 70345 Full Service B&M $5,405

    For 2020, South Lafourche Bank & Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,119
    Net interest income $5,190
    Total noninterest income $619
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $429
    Trading account gains and fees $0
    Additional Noninterest Income $190
    Pre-tax net operating income $-4,118
    Securities gains (or losses, -) $0
    Income before extraordinary items $-4,118
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-4,118
    Minority interest net income $0
    Net income $-4,118
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-4,118

    South Lafourche Bank & Trust Company's gross interest income from loans was $6,119,000.
    South Lafourche Bank & Trust Company's net interest income from loans was $5,190,000.
    South Lafourche Bank & Trust Company's fee based income from loans was $429,000.
    South Lafourche Bank & Trust Company's net income from loans was $-4,118,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $929
    Provision for credit losses $5,459
    Total noninterest expense $4,468
    Salaries and employee benefits $2,398
    Premises and equipment expense $554
    Additional noninterest expense $1,516
    Applicable income taxes $0
    Net charge-offs $4,832
    Cash dividends $0

    South Lafourche Bank & Trust Company's interest expense for loans was $929,000.
    South Lafourche Bank & Trust Company's payroll and benefits expense were $2,398,000.
    South Lafourche Bank & Trust Company's property, plant and equipment expenses $554,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 2.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 1.0%
    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 $130,284
    Deposits held in domestic offices $130,284
    Deposits by Individuals, partnerships, and corporations $122,202
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,083
    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 $42,144
    Demand deposits $34,604
    Nontransaction accounts $88,141
    Money market deposit accounts (MMDAs) $12,945
    Other savings deposits (excluding MMDAs) $29,159
    Total time deposits $46,036
    Total time and savings deposits $95,681
    Noninterest-bearing deposits $34,604
    Interest-bearing deposits $95,680
    Retail deposits $119,977
    IRAs and Keogh plan accounts $3,825
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $146,251
    Cash & Balances due from depository institutions $2,811
    Interest-bearing balances $97
    Total securities $11,325
    Federal funds sold & reverse repurchase $27,550
    Net loans and leases $101,472
    Loan and leases loss allowance $2,660
    Trading account assets $0
    Bank premises and fixed assets $1,158
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,935

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $146,250
    Total Liabilities $130,731
    Total deposits $130,284
    Interest-bearing deposits $95,680
    Deposits held in domestic offices $130,284
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $447

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $101,472
    Loan and leases loss allowance $2,660
    Total loans and leases (domestic) $104,132
    All real estate loans $73,501
    Real estate loans in domestic offices $73,501
    Construction and development loans $6,436
    Residential 1-4 family construction $1,353
    Other construction, all land development and other land $5,083
    Loans secured by nonfarm nonresidential properties $15,244
    Nonfarm nonresidential secured by owner-occupied properties $12,279
    Commercial real estate & other non-farm, non-residential $2,965
    Multifamily residential real estate $400
    1-4 family residential loans $50,967
    Farmland loans $454
    Loans held in foreign offices $0
    Farm loans $106
    Commercial and industrial loans $24,396
    To non-U.S. addressees $0
    Loans to individuals $6,114
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $229
    Other loans to individuals $5,885
    All other loans & leases $15
    Loans to foreign governments and official institutions $0
    Other loans $15
    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 $101,472,000 of loans outstanding in 2020. $73,501,000 of loans were in real estate loans. $6,436,000 of loans were in development loans. $400,000 of loans were in multifamily mortgage loans. $50,967,000 of loans were in 1-4 family mortgage loans. $106,000 of loans were in farm loans. $0 of loans were in credit card loans. $229,000 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 51 $10,366 $203,255
    Nonfarm, nonresidential loans - <$100k 14 $644 $46,000
    Nonfarm, nonresidential loans - $100-250k 17 $2,379 $139,941
    Nonfarm, nonresidential loans - $250k-1MM 20 $7,343 $367,150
    Commercial & Industrial, US addressed loans - <$1MM 101 $7,439 $73,653
    Commercial & Industrial, US addressed loans - <$100k 82 $1,484 $18,098
    Commercial & Industrial, US addressed loans - $100-250k 7 $610 $87,143
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $5,345 $445,417
    Farmland loans - <$1MM 1 $454 $454,000
    Farmland loans - $250k-1MM 1 $454 $454,000
    Agriculture operations loans - <$1MM 7 $106 $15,143
    Agriculture operations loans - <$100k 7 $106 $15,143