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, Houston, Lafayette, 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 above 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

    90

    Origination Dollar Volume (All Markets)

    $13,470,000

    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) 75 $7,995,000 $106,600 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 9 $4,285,000 $476,111 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $595,000 $595,000 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Outside of Metro Areas 2 $60,000 $30,000 $0 0.00%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    South Lafourche Bank & Trust Company's top markets include Houma, New Orleans, Houston, Lafayette, and Baton Rouge among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $13,470,000 $149,667 $0 0.00%

    For 2021, South Lafourche Bank & Trust Company's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 71 $7,565,000 $106,549 $0 0.00%
    Home Purchase 14 $5,650,000 $403,571 $0 0.00%
    Other 3 $195,000 $65,000 $0 0.00%
    Home Improvement 2 $60,000 $30,000 $0 0.00%

    For 2021, South Lafourche Bank & Trust Company's most frequently cited loan purpose was Refi, with 71 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 90 $13,470,000 $149,667 $0 0.00%

    For 2021, South Lafourche Bank & Trust Company's most frequently cited loan duration was Other, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 58 $2,800,000 $48,276 $0 0.00%
    $200k-400k 16 $4,330,000 $270,625 $0 0.00%
    $100k-200k 12 $1,820,000 $151,667 $0 0.00%
    $400k-600k 3 $1,515,000 $505,000 $0 0.00%
    $1MM+ 1 $3,005,000 $3,005,000 $0 0.00%

    2021 saw South Lafourche Bank & Trust Company place emphasis on $100,000 or less loans with 58 originations, totaling $2,800,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 25 $2,105,000 $84,200 $0 0.00%
    $100k-150k 16 $1,990,000 $124,375 $0 0.00%
    $75k-100k 13 $975,000 $75,000 $0 0.00%
    $50k-75k 10 $550,000 $55,000 $0 0.00%
    $150k-250k 5 $1,035,000 $207,000 $0 0.00%
    $250k+ 4 $3,940,000 $985,000 $0 0.00%

    South Lafourche Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 90 $13,470,000 $149,667 $0 0.00%

    South Lafourche Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 73 $10,345,000 $141,712 $0 0.00%
    Not applicable 13 $2,525,000 $194,231 $0 0.00%
    Asian 4 $600,000 $150,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.66%

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

    Pick Rate

    Approvals leading to origination
    62.22%

    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 90 $13,470,000 $149,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    90 $13,470,000 $149,667

    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 $6,146
    South Lafourche Bank & Trust Company 13226 West Main Street Larose, LA 70373 Full Service B&M $69,896
    South Lafourche Bank & Trust Company 16582 West Main Street Galliano, LA 70354 Full Service B&M $31,975
    South Lafourche Bank & Trust Company 20658 Ushwy 1 Golden Meadow, LA 70357 Full Service B&M $20,587

    For 2021, South Lafourche Bank & Trust Company had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,779
    Net interest income $5,110
    Total noninterest income $1,500
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $395
    Trading account gains and fees $0
    Additional Noninterest Income $1,105
    Pre-tax net operating income $1,833
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,833
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,833
    Minority interest net income $0
    Net income $1,833
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,833

    South Lafourche Bank & Trust Company's gross interest income from loans was $5,779,000.
    South Lafourche Bank & Trust Company's net interest income from loans was $5,110,000.
    South Lafourche Bank & Trust Company's fee based income from loans was $395,000.
    South Lafourche Bank & Trust Company's net income from loans was $1,833,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $669
    Provision for credit losses $0
    Total noninterest expense $4,777
    Salaries and employee benefits $2,395
    Premises and equipment expense $695
    Additional noninterest expense $1,687
    Applicable income taxes $0
    Net charge-offs $-197
    Cash dividends $0

    South Lafourche Bank & Trust Company's interest expense for loans was $669,000.
    South Lafourche Bank & Trust Company's payroll and benefits expense were $2,395,000.
    South Lafourche Bank & Trust Company's property, plant and equipment expenses $695,000.

    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 2.0%
    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 $179,423
    Deposits held in domestic offices $179,423
    Deposits by Individuals, partnerships, and corporations $170,281
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,142
    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 $80,831
    Demand deposits $69,725
    Nontransaction accounts $98,592
    Money market deposit accounts (MMDAs) $15,531
    Other savings deposits (excluding MMDAs) $44,204
    Total time deposits $38,857
    Total time and savings deposits $109,698
    Noninterest-bearing deposits $69,725
    Interest-bearing deposits $109,698
    Retail deposits $169,705
    IRAs and Keogh plan accounts $4,251
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $197,224
    Cash & Balances due from depository institutions $5,214
    Interest-bearing balances $96
    Total securities $18,184
    Federal funds sold & reverse repurchase $80,575
    Net loans and leases $89,701
    Loan and leases loss allowance $2,858
    Trading account assets $0
    Bank premises and fixed assets $1,269
    Other real estate owned $231
    Goodwill and other intangibles $0
    All other assets $2,050

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $197,224
    Total Liabilities $180,089
    Total deposits $179,423
    Interest-bearing deposits $109,698
    Deposits held in domestic offices $179,423
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $666

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $89,701
    Loan and leases loss allowance $2,858
    Total loans and leases (domestic) $92,559
    All real estate loans $61,595
    Real estate loans in domestic offices $61,595
    Construction and development loans $5,714
    Residential 1-4 family construction $987
    Other construction, all land development and other land $4,727
    Loans secured by nonfarm nonresidential properties $14,647
    Nonfarm nonresidential secured by owner-occupied properties $13,235
    Commercial real estate & other non-farm, non-residential $1,412
    Multifamily residential real estate $297
    1-4 family residential loans $40,937
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $170
    Commercial and industrial loans $24,642
    To non-U.S. addressees $0
    Loans to individuals $6,147
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $606
    Other loans to individuals $5,541
    All other loans & leases $5
    Loans to foreign governments and official institutions $0
    Other loans $5
    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 $89,701,000 of loans outstanding in 2021. $61,595,000 of loans were in real estate loans. $5,714,000 of loans were in development loans. $297,000 of loans were in multifamily mortgage loans. $40,937,000 of loans were in 1-4 family mortgage loans. $170,000 of loans were in farm loans. $0 of loans were in credit card loans. $606,000 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 40 $7,858 $196,450
    Nonfarm, nonresidential loans - <$100k 8 $326 $40,750
    Nonfarm, nonresidential loans - $100-250k 15 $2,144 $142,933
    Nonfarm, nonresidential loans - $250k-1MM 17 $5,388 $316,941
    Commercial & Industrial, US addressed loans - <$1MM 121 $11,578 $95,686
    Commercial & Industrial, US addressed loans - <$100k 88 $1,862 $21,159
    Commercial & Industrial, US addressed loans - $100-250k 20 $2,713 $135,650
    Commercial & Industrial, US addressed loans - $250k-1MM 13 $7,003 $538,692
    Agriculture operations loans - <$1MM 2 $170 $85,000
    Agriculture operations loans - <$100k 1 $33 $33,000
    Agriculture operations loans - $100-250k 1 $137 $137,000