Gulf Coast Bank Mortgage Rates, Fees & Info

Abbeville, LA

LEI: 549300XV2UKEPAMX9H12

Tax ID: 72-0695783

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Mortgage Data

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

    Gulf Coast Bank is a smaller bank specializing in Refi and Home Purchase loans. Gulf Coast Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Opelousas, Daphne, New Orleans, and Baton Rouge among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Gulf Coast Bank 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.

    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

    177

    Origination Dollar Volume (All Markets)

    $22,205,000

    Employee count

    143

    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) 167 $21,165,000 $126,737 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 6 $350,000 $58,333 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Gulf Coast Bank's top markets include Lafayette, Opelousas, Daphne, New Orleans, and Baton Rouge among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 177 $22,205,000 $125,452 $0 0.00%

    For 2018, Gulf Coast Bank's most frequently originated type of loan was Conventional, with 177 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 108 $13,940,000 $129,074 $0 0.00%
    Home Purchase 51 $7,405,000 $145,196 $0 0.00%
    Home Improvement 10 $460,000 $46,000 $0 0.00%
    Other 8 $400,000 $50,000 $0 0.00%

    For 2018, Gulf Coast Bank's most frequently cited loan purpose was Refi, with 108 originations. The 2nd most popular reason was Home Purchase, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 177 $22,205,000 $125,452 $0 0.00%

    For 2018, Gulf Coast Bank's most frequently cited loan duration was Other, with 177 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 113 $5,345,000 $47,301 $0 0.00%
    $100k-200k 34 $4,910,000 $144,412 $0 0.00%
    $200k-400k 20 $5,540,000 $277,000 $0 0.00%
    $400k-600k 6 $2,940,000 $490,000 $0 0.00%
    $600k-1MM 3 $2,375,000 $791,667 $0 0.00%
    $1MM+ 1 $1,095,000 $1,095,000 $0 0.00%

    2018 saw Gulf Coast Bank place emphasis on $100,000 or less loans with 113 originations, totaling $5,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 35 $1,905,000 $54,429 $0 0.00%
    $50k-75k 25 $1,825,000 $73,000 $0 0.00%
    $100k-150k 13 $2,255,000 $173,462 $0 0.00%
    $75k-100k 12 $810,000 $67,500 $0 0.00%
    $150k-250k 11 $1,525,000 $138,636 $0 0.00%
    $250k+ 4 $600,000 $150,000 $0 0.00%

    Gulf Coast Bank lent most frequently to those with incomes in the $50k or less range, with 35 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 177 $22,205,000 $125,452 $0 0.00%

    Gulf Coast Bank lent most frequently to those with DTI ratios of Exempt%, with 177 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 76 $13,150,000 $173,026 $0 0.00%
    White 78 $7,460,000 $95,641 $0 0.00%
    Asian 12 $1,130,000 $94,167 $0 0.00%
    Black 11 $465,000 $42,273 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.47%

    Gulf Coast Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.18%

    Gulf Coast Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 177 $22,205,000 $125,452

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $265,000 $265,000
    Multifamily:Site-Built 5 $2,005,000 $401,000
    Single Family (1-4 Units):Manufactured 10 $210,000 $21,000
    Single Family (1-4 Units):Site-Built 161 $19,725,000 $122,516

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Gulf Coast Real Estate Emerald Coast, LLC, d/b/a Motto Mortgage On The Gulf Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Gulf Coast Bank 1405 Kaliste Saloom Road Lafayette, LA 70503 Full Service B&M $10,876
    Gulf Coast Bank 221 South State Street Abbeville, LA 70510 Full Service B&M $142,218
    Gulf Coast Bank 2428 West Pinhook Lafayette, LA 70508 Full Service Retail $5,509
    Gulf Coast Bank 3000 East Milton Avenue Youngsville, LA 70592 Full Service B&M $10,057
    Gulf Coast Bank 3005 Veterans Memorial Drive Abbeville, LA 70510 Full Service Retail $8,374
    Gulf Coast Bank 304 La Hwy 14 West Delcambre, LA 70528 Full Service B&M $24,313
    Gulf Coast Bank 3142 Ambassador Caffery Parkway Lafayette, LA 70508 Full Service Retail $6,331
    Gulf Coast Bank 3906 Northeast Evangeline Thruway Carencro, LA 70520 Full Service B&M $5,595
    Gulf Coast Bank 3911 Ambassador Caffery Parkway Lafayette, LA 70503 Full Service B&M $20,542
    Gulf Coast Bank 4310 Johnston Street Lafayette, LA 70501 Full Service B&M $28,002
    Gulf Coast Bank 500 West Lastie Erath, LA 70533 Full Service B&M $27,855
    Gulf Coast Bank 711 West Congress Lafayette, LA 70505 Full Service B&M $18,126
    Gulf Coast Bank 9302 Maurice Ave Maurice, LA 70555 Full Service B&M $22,324

    For 2018, Gulf Coast Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,538
    Net interest income $16,936
    Total noninterest income $5,278
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,412
    Trading account gains and fees $0
    Additional Noninterest Income $2,866
    Pre-tax net operating income $5,826
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,577
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,577
    Minority interest net income $0
    Net income $4,577
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,577

    Gulf Coast Bank's gross interest income from loans was $17,538,000.
    Gulf Coast Bank's net interest income from loans was $16,936,000.
    Gulf Coast Bank's fee based income from loans was $2,412,000.
    Gulf Coast Bank's net income from loans was $4,577,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $602
    Provision for credit losses $688
    Total noninterest expense $15,700
    Salaries and employee benefits $8,761
    Premises and equipment expense $2,476
    Additional noninterest expense $4,463
    Applicable income taxes $1,249
    Net charge-offs $826
    Cash dividends $1,454

    Gulf Coast Bank's interest expense for loans was $602,000.
    Gulf Coast Bank's payroll and benefits expense were $8,761,000.
    Gulf Coast Bank's property, plant and equipment expenses $2,476,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 1.0%
    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 $324,693
    Deposits held in domestic offices $324,693
    Deposits by Individuals, partnerships, and corporations $308,760
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $15,431
    Deposits by Commercial banks and other depository institutions in U.S. $501
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $154,635
    Demand deposits $131,264
    Nontransaction accounts $170,058
    Money market deposit accounts (MMDAs) $38,316
    Other savings deposits (excluding MMDAs) $84,318
    Total time deposits $47,425
    Total time and savings deposits $193,429
    Noninterest-bearing deposits $131,102
    Interest-bearing deposits $193,591
    Retail deposits $318,144
    IRAs and Keogh plan accounts $9,981
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $375,858
    Cash & Balances due from depository institutions $49,644
    Interest-bearing balances $38,216
    Total securities $48,036
    Federal funds sold & reverse repurchase $3,050
    Net loans and leases $262,697
    Loan and leases loss allowance $2,709
    Trading account assets $0
    Bank premises and fixed assets $8,357
    Other real estate owned $988
    Goodwill and other intangibles $0
    All other assets $3,086

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $375,858
    Total Liabilities $326,767
    Total deposits $324,693
    Interest-bearing deposits $193,591
    Deposits held in domestic offices $324,693
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,074

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $262,697
    Loan and leases loss allowance $2,709
    Total loans and leases (domestic) $265,406
    All real estate loans $199,753
    Real estate loans in domestic offices $199,753
    Construction and development loans $25,094
    Residential 1-4 family construction $3,990
    Other construction, all land development and other land $21,104
    Loans secured by nonfarm nonresidential properties $100,350
    Nonfarm nonresidential secured by owner-occupied properties $57,776
    Commercial real estate & other non-farm, non-residential $42,574
    Multifamily residential real estate $767
    1-4 family residential loans $70,310
    Farmland loans $3,232
    Loans held in foreign offices $0
    Farm loans $1,410
    Commercial and industrial loans $20,844
    To non-U.S. addressees $0
    Loans to individuals $42,548
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $33,386
    Other loans to individuals $9,162
    All other loans & leases $850
    Loans to foreign governments and official institutions $0
    Other loans $423
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $6,864
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $778
    Non 1-4 family restructured loans & leases $778
    Total loans and leases (foreign) $0

    Gulf Coast Bank had $262,697,000 of loans outstanding in 2018. $199,753,000 of loans were in real estate loans. $25,094,000 of loans were in development loans. $767,000 of loans were in multifamily mortgage loans. $70,310,000 of loans were in 1-4 family mortgage loans. $1,410,000 of loans were in farm loans. $0 of loans were in credit card loans. $33,386,000 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 245 $49,104 $200,424
    Nonfarm, nonresidential loans - <$100k 76 $2,929 $38,539
    Nonfarm, nonresidential loans - $100-250k 62 $7,791 $125,661
    Nonfarm, nonresidential loans - $250k-1MM 107 $38,384 $358,729
    Commercial & Industrial, US addressed loans - <$1MM 608 $20,459 $33,650
    Commercial & Industrial, US addressed loans - <$100k 547 $10,462 $19,126
    Commercial & Industrial, US addressed loans - $100-250k 45 $4,938 $109,733
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $5,059 $316,188
    Farmland loans - <$1MM 29 $2,008 $69,241
    Farmland loans - <$100k 23 $932 $40,522
    Farmland loans - $100-250k 5 $791 $158,200
    Farmland loans - $250k-1MM 1 $285 $285,000
    Agriculture operations loans - <$1MM 19 $1,208 $63,579
    Agriculture operations loans - <$100k 16 $324 $20,250
    Agriculture operations loans - $100-250k 1 $100 $100,000
    Agriculture operations loans - $250k-1MM 2 $784 $392,000