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
  • 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, Odessa, Opelousas, Baton Rouge, and Morgan City 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 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

    144

    Origination Dollar Volume (All Markets)

    $21,480,000

    Employee count

    132

    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) 138 $21,050,000 $152,536 $0 0.00%
    ODESSA, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Morgan City, LA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Gulf Coast Bank's top markets include Lafayette, Odessa, Opelousas, Baton Rouge, and Morgan City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 144 $21,480,000 $149,167 $0 0.00%

    For 2019, Gulf Coast Bank's most frequently originated type of loan was Conventional, with 144 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 94 $11,750,000 $125,000 $0 0.00%
    Home Purchase 35 $9,155,000 $261,571 $0 0.00%
    Home Improvement 8 $280,000 $35,000 $0 0.00%
    Other 7 $295,000 $42,143 $0 0.00%

    For 2019, Gulf Coast Bank's most frequently cited loan purpose was Refi, with 94 originations. The 2nd most popular reason was Home Purchase, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 144 $21,480,000 $149,167 $0 0.00%

    For 2019, Gulf Coast Bank's most frequently cited loan duration was Other, with 144 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 98 $4,490,000 $45,816 $0 0.00%
    $100k-200k 31 $4,515,000 $145,645 $0 0.00%
    $200k-400k 6 $1,860,000 $310,000 $0 0.00%
    $600k-1MM 5 $3,915,000 $783,000 $0 0.00%
    $400k-600k 3 $1,525,000 $508,333 $0 0.00%
    $1MM+ 1 $5,175,000 $5,175,000 $0 0.00%

    2019 saw Gulf Coast Bank place emphasis on $100,000 or less loans with 98 originations, totaling $4,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 28 $1,660,000 $59,286 $0 0.00%
    $50k-75k 18 $1,020,000 $56,667 $0 0.00%
    $100k-150k 14 $1,910,000 $136,429 $0 0.00%
    $75k-100k 12 $790,000 $65,833 $0 0.00%
    $150k-250k 6 $400,000 $66,667 $0 0.00%
    $250k+ 5 $1,205,000 $241,000 $0 0.00%

    Gulf Coast Bank lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 144 $21,480,000 $149,167 $0 0.00%

    Gulf Coast Bank lent most frequently to those with DTI ratios of Exempt%, with 144 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 61 $14,495,000 $237,623 $0 0.00%
    White 54 $5,110,000 $94,630 $0 0.00%
    Asian 20 $1,490,000 $74,500 $0 0.00%
    Black 9 $385,000 $42,778 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.11%

    Gulf Coast Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.81%

    Gulf Coast Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 144 $21,480,000 $149,167

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $8,310,000 $1,038,750
    Single Family (1-4 Units):Manufactured 18 $1,050,000 $58,333
    Single Family (1-4 Units):Site-Built 118 $12,120,000 $102,712

    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 $10,412
    Gulf Coast Bank 221 South State Street Abbeville, LA 70510 Full Service B&M $131,415
    Gulf Coast Bank 2428 West Pinhook Lafayette, LA 70508 Full Service Retail $4,872
    Gulf Coast Bank 3000 East Milton Avenue Youngsville, LA 70592 Full Service B&M $10,112
    Gulf Coast Bank 3005 Veterans Memorial Drive Abbeville, LA 70510 Full Service Retail $8,564
    Gulf Coast Bank 304 La Hwy 14 West Delcambre, LA 70528 Full Service B&M $22,939
    Gulf Coast Bank 3142 Ambassador Caffery Parkway Lafayette, LA 70508 Full Service Retail $5,649
    Gulf Coast Bank 3906 Northeast Evangeline Thruway Carencro, LA 70520 Full Service B&M $5,193
    Gulf Coast Bank 3911 Ambassador Caffery Parkway Lafayette, LA 70503 Full Service B&M $17,661
    Gulf Coast Bank 4310 Johnston Street Lafayette, LA 70501 Full Service B&M $27,824
    Gulf Coast Bank 500 West Lastie Erath, LA 70533 Full Service B&M $27,828
    Gulf Coast Bank 711 West Congress Lafayette, LA 70505 Full Service B&M $19,313
    Gulf Coast Bank 9302 Maurice Ave Maurice, LA 70555 Full Service B&M $25,912

    For 2019, Gulf Coast Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,572
    Net interest income $16,553
    Total noninterest income $5,198
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,224
    Trading account gains and fees $0
    Additional Noninterest Income $2,974
    Pre-tax net operating income $5,477
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,394
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,394
    Minority interest net income $0
    Net income $4,394
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,394

    Gulf Coast Bank's gross interest income from loans was $17,572,000.
    Gulf Coast Bank's net interest income from loans was $16,553,000.
    Gulf Coast Bank's fee based income from loans was $2,224,000.
    Gulf Coast Bank's net income from loans was $4,394,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,019
    Provision for credit losses $259
    Total noninterest expense $16,015
    Salaries and employee benefits $9,124
    Premises and equipment expense $2,370
    Additional noninterest expense $4,521
    Applicable income taxes $1,083
    Net charge-offs $315
    Cash dividends $951

    Gulf Coast Bank's interest expense for loans was $1,019,000.
    Gulf Coast Bank's payroll and benefits expense were $9,124,000.
    Gulf Coast Bank's property, plant and equipment expenses $2,370,000.

    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 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 3.0%
    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 $313,790
    Deposits held in domestic offices $313,790
    Deposits by Individuals, partnerships, and corporations $297,049
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $15,500
    Deposits by Commercial banks and other depository institutions in U.S. $1,241
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $154,232
    Demand deposits $133,668
    Nontransaction accounts $159,558
    Money market deposit accounts (MMDAs) $34,460
    Other savings deposits (excluding MMDAs) $76,300
    Total time deposits $48,798
    Total time and savings deposits $180,122
    Noninterest-bearing deposits $133,667
    Interest-bearing deposits $180,123
    Retail deposits $304,392
    IRAs and Keogh plan accounts $9,269
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $369,316
    Cash & Balances due from depository institutions $62,787
    Interest-bearing balances $52,484
    Total securities $39,698
    Federal funds sold & reverse repurchase $3,050
    Net loans and leases $250,656
    Loan and leases loss allowance $2,653
    Trading account assets $0
    Bank premises and fixed assets $8,374
    Other real estate owned $1,899
    Goodwill and other intangibles $0
    All other assets $2,852

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $369,316
    Total Liabilities $315,725
    Total deposits $313,790
    Interest-bearing deposits $180,123
    Deposits held in domestic offices $313,790
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,935

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $250,656
    Loan and leases loss allowance $2,653
    Total loans and leases (domestic) $253,309
    All real estate loans $196,318
    Real estate loans in domestic offices $196,318
    Construction and development loans $21,128
    Residential 1-4 family construction $3,235
    Other construction, all land development and other land $17,893
    Loans secured by nonfarm nonresidential properties $101,779
    Nonfarm nonresidential secured by owner-occupied properties $60,179
    Commercial real estate & other non-farm, non-residential $41,600
    Multifamily residential real estate $727
    1-4 family residential loans $70,516
    Farmland loans $2,168
    Loans held in foreign offices $0
    Farm loans $1,828
    Commercial and industrial loans $18,573
    To non-U.S. addressees $0
    Loans to individuals $33,841
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $26,061
    Other loans to individuals $7,780
    All other loans & leases $2,749
    Loans to foreign governments and official institutions $0
    Other loans $309
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,197
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $334
    Non 1-4 family restructured loans & leases $334
    Total loans and leases (foreign) $0

    Gulf Coast Bank had $250,656,000 of loans outstanding in 2019. $196,318,000 of loans were in real estate loans. $21,128,000 of loans were in development loans. $727,000 of loans were in multifamily mortgage loans. $70,516,000 of loans were in 1-4 family mortgage loans. $1,828,000 of loans were in farm loans. $0 of loans were in credit card loans. $26,061,000 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 241 $47,422 $196,772
    Nonfarm, nonresidential loans - <$100k 77 $274 $3,558
    Nonfarm, nonresidential loans - $100-250k 63 $7,843 $124,492
    Nonfarm, nonresidential loans - $250k-1MM 101 $39,305 $389,158
    Commercial & Industrial, US addressed loans - <$1MM 578 $17,531 $30,330
    Commercial & Industrial, US addressed loans - <$100k 520 $9,769 $18,787
    Commercial & Industrial, US addressed loans - $100-250k 42 $4,245 $101,071
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $3,517 $219,813
    Farmland loans - <$1MM 23 $1,176 $51,130
    Farmland loans - <$100k 20 $710 $35,500
    Farmland loans - $100-250k 3 $466 $155,333
    Agriculture operations loans - <$1MM 23 $1,394 $60,609
    Agriculture operations loans - <$100k 18 $403 $22,389
    Agriculture operations loans - $100-250k 3 $374 $124,667
    Agriculture operations loans - $250k-1MM 2 $617 $308,500