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, Baton Rouge, Daphne, and Opelousas among others. We have data for 5 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

    153

    Origination Dollar Volume (All Markets)

    $18,915,000

    Employee count

    116

    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) 146 $14,230,000 $97,466 $595 6.22%
    BATON ROUGE, LA (FHA|USDA|VA) 2 $3,250,000 $1,625,000 $0 5.50%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $645,000 $645,000 $0 4.75%
    Outside of Metro Areas 1 $475,000 $475,000 $0 4.25%
    Opelousas, LA (FHA|USDA|VA) 3 $315,000 $105,000 $2,656 7.25%
    Gulf Coast Bank's top markets include Lafayette, Baton Rouge, Daphne, and Opelousas among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 153 $18,915,000 $123,627 $657 6.21%

    For 2020, Gulf Coast Bank's most frequently originated type of loan was Conventional, with 153 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 117 $9,665,000 $82,607 $167 6.33%
    Home Purchase 30 $8,780,000 $292,667 $2,469 5.73%
    Home Improvement 4 $360,000 $90,000 $1,622 6.06%
    Other 2 $110,000 $55,000 $648 6.38%

    For 2020, Gulf Coast Bank's most frequently cited loan purpose was Refi, with 117 originations. The 2nd most popular reason was Home Purchase, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 75 $7,915,000 $105,533 $735 6.44%
    5 Year 31 $1,725,000 $55,645 $105 6.17%
    20 Year 15 $3,295,000 $219,667 $0 5.48%
    15 Year 13 $4,875,000 $375,000 $0 5.83%
    3 Year 8 $170,000 $21,250 $143 6.53%
    10 Year 7 $525,000 $75,000 $0 6.07%
    1 Year 4 $410,000 $102,500 $1,622 5.75%

    For 2020, Gulf Coast Bank's most frequently cited loan duration was Other, with 75 originations. The 2nd most popular length was 5 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 62 $5,110,000 $82,419
    $1k-2k 3 $645,000 $215,000
    $2k-3k 2 $490,000 $245,000

    Gulf Coast Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 62 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 54 $8,250,000 $152,778
    4-5% 38 $5,720,000 $150,526
    6-7% 23 $1,745,000 $75,870
    Over 8% 22 $1,370,000 $62,273
    7-8% 14 $700,000 $50,000
    3-4% 2 $1,130,000 $565,000

    During 2020, Gulf Coast Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 100 $4,320,000 $43,200 $371 6.50%
    $100k-200k 33 $4,805,000 $145,606 $918 5.81%
    $200k-400k 13 $3,285,000 $252,692 $2,324 5.62%
    $1MM+ 3 $4,255,000 $1,418,333 $140 4.92%
    $400k-600k 2 $940,000 $470,000 $0 5.13%
    $600k-1MM 2 $1,310,000 $655,000 $0 5.13%

    2020 saw Gulf Coast Bank place emphasis on $100,000 or less loans with 100 originations, totaling $4,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 45 $1,915,000 $42,556 $344 6.63%
    $100k-150k 17 $1,865,000 $109,706 $946 6.42%
    $75k-100k 13 $935,000 $71,923 $1,055 6.55%
    $50k-75k 11 $825,000 $75,000 $260 7.02%
    $250k+ 8 $2,510,000 $313,750 $729 5.25%
    $150k-250k 6 $810,000 $135,000 $1,241 5.75%

    Gulf Coast Bank lent most frequently to those with incomes in the $50k or less range, with 45 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 14 $1,960,000 $140,000 $317 6.13%
    20-30% 13 $755,000 $58,077 $395 6.27%
    >60% 11 $675,000 $61,364 $135 7.02%
    30-36% 8 $630,000 $78,750 $1,177 6.88%
    37% 4 $430,000 $107,500 $192 7.00%
    36% 4 $290,000 $72,500 $1,355 7.79%
    50-60% 3 $145,000 $48,333 $910 6.33%
    42% 2 $30,000 $15,000 $146 6.00%
    43% 2 $120,000 $60,000 $146 7.88%
    39% 2 $310,000 $155,000 $1,612 8.50%
    44% 1 $245,000 $245,000 $3,931 5.00%
    46% 1 $325,000 $325,000 $140 5.00%
    38% 1 $245,000 $245,000 $5,160 5.75%

    Gulf Coast Bank lent most frequently to those with DTI ratios of <20%, with 14 originations. The next most common DTI ratio? 20-30%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 50 $9,850,000 $197,000 $0 5.67%
    White 75 $7,135,000 $95,133 $634 6.32%
    Asian 14 $1,320,000 $94,286 $903 6.28%
    Black 14 $610,000 $43,571 $547 7.48%

    Approval Rates

    Total approvals of all applications
    94.86%

    Gulf Coast Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.32%

    Gulf Coast Bank 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
    152.0 1 $5,000 $5,000
    NA 152 $18,910,000 $124,408

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 5 $4,265,000 $853,000
    Multifamily:Site-Built 2 $290,000 $145,000
    Single Family (1-4 Units):Manufactured 12 $560,000 $46,667
    Single Family (1-4 Units):Site-Built 134 $13,800,000 $102,985

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 39 $3,915,000 $100,385 $180 6.57%
    40-60% 31 $2,975,000 $95,968 $395 6.26%
    60-80% 35 $4,675,000 $133,571 $1,216 6.26%
    80-100% 23 $6,135,000 $266,739 $1,764 5.74%
    Over 100% 2 $380,000 $190,000 $3,931 5.63%
    Under 20% 23 $835,000 $36,304 $239 5.96%

    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 $23,270
    Gulf Coast Bank 221 South State Street Abbeville, LA 70510 Full Service B&M $177,009
    Gulf Coast Bank 3000 East Milton Avenue Youngsville, LA 70592 Full Service B&M $11,162
    Gulf Coast Bank 3005 Veterans Memorial Drive Abbeville, LA 70510 Full Service Retail $9,863
    Gulf Coast Bank 304 La Hwy 14 West Delcambre, LA 70528 Full Service B&M $26,691
    Gulf Coast Bank 3906 Northeast Evangeline Thruway Carencro, LA 70520 Full Service B&M $8,850
    Gulf Coast Bank 3911 Ambassador Caffery Parkway Lafayette, LA 70503 Full Service B&M $48,939
    Gulf Coast Bank 4310 Johnston Street Lafayette, LA 70501 Full Service B&M $43,282
    Gulf Coast Bank 500 West Lastie Erath, LA 70533 Full Service B&M $30,256
    Gulf Coast Bank 9302 Maurice Ave Maurice, LA 70555 Full Service B&M $28,910

    For 2020, Gulf Coast Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,578
    Net interest income $18,578
    Total noninterest income $5,143
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,692
    Trading account gains and fees $0
    Additional Noninterest Income $3,451
    Pre-tax net operating income $6,995
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,652
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,652
    Minority interest net income $0
    Net income $5,652
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,652

    Gulf Coast Bank's gross interest income from loans was $19,578,000.
    Gulf Coast Bank's net interest income from loans was $18,578,000.
    Gulf Coast Bank's fee based income from loans was $1,692,000.
    Gulf Coast Bank's net income from loans was $5,652,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,000
    Provision for credit losses $598
    Total noninterest expense $16,128
    Salaries and employee benefits $8,901
    Premises and equipment expense $2,400
    Additional noninterest expense $4,827
    Applicable income taxes $1,343
    Net charge-offs $377
    Cash dividends $1,450

    Gulf Coast Bank's interest expense for loans was $1,000,000.
    Gulf Coast Bank's payroll and benefits expense were $8,901,000.
    Gulf Coast Bank's property, plant and equipment expenses $2,400,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 4.0%
    HELOC loans 0.0%
    All other family 5.0%
    Commercial & industrial loans 0.0%
    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 $418,061
    Deposits held in domestic offices $418,061
    Deposits by Individuals, partnerships, and corporations $397,618
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $17,221
    Deposits by Commercial banks and other depository institutions in U.S. $3,223
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $217,320
    Demand deposits $195,321
    Nontransaction accounts $200,742
    Money market deposit accounts (MMDAs) $58,849
    Other savings deposits (excluding MMDAs) $94,825
    Total time deposits $47,067
    Total time and savings deposits $222,741
    Noninterest-bearing deposits $195,321
    Interest-bearing deposits $222,740
    Retail deposits $410,043
    IRAs and Keogh plan accounts $9,737
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $478,696
    Cash & Balances due from depository institutions $71,234
    Interest-bearing balances $60,815
    Total securities $29,695
    Federal funds sold & reverse repurchase $3,050
    Net loans and leases $360,336
    Loan and leases loss allowance $2,874
    Trading account assets $0
    Bank premises and fixed assets $10,169
    Other real estate owned $493
    Goodwill and other intangibles $0
    All other assets $3,719

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $478,696
    Total Liabilities $420,089
    Total deposits $418,061
    Interest-bearing deposits $222,740
    Deposits held in domestic offices $418,061
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,028

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $360,336
    Loan and leases loss allowance $2,874
    Total loans and leases (domestic) $363,210
    All real estate loans $213,824
    Real estate loans in domestic offices $213,824
    Construction and development loans $34,423
    Residential 1-4 family construction $5,315
    Other construction, all land development and other land $29,108
    Loans secured by nonfarm nonresidential properties $110,933
    Nonfarm nonresidential secured by owner-occupied properties $66,057
    Commercial real estate & other non-farm, non-residential $44,876
    Multifamily residential real estate $246
    1-4 family residential loans $66,028
    Farmland loans $2,194
    Loans held in foreign offices $0
    Farm loans $1,718
    Commercial and industrial loans $118,760
    To non-U.S. addressees $0
    Loans to individuals $28,688
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $21,720
    Other loans to individuals $6,968
    All other loans & leases $220
    Loans to foreign governments and official institutions $0
    Other loans $220
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $15,027
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $119
    Non 1-4 family restructured loans & leases $119
    Total loans and leases (foreign) $0

    Gulf Coast Bank had $360,336,000 of loans outstanding in 2020. $213,824,000 of loans were in real estate loans. $34,423,000 of loans were in development loans. $246,000 of loans were in multifamily mortgage loans. $66,028,000 of loans were in 1-4 family mortgage loans. $1,718,000 of loans were in farm loans. $0 of loans were in credit card loans. $21,720,000 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 254 $53,637 $211,169
    Nonfarm, nonresidential loans - <$100k 71 $215 $3,028
    Nonfarm, nonresidential loans - $100-250k 69 $9,220 $133,623
    Nonfarm, nonresidential loans - $250k-1MM 114 $44,202 $387,737
    Commercial & Industrial, US addressed loans - <$1MM 1,605 $62,026 $38,645
    Commercial & Industrial, US addressed loans - <$100k 1,439 $29,375 $20,413
    Commercial & Industrial, US addressed loans - $100-250k 115 $14,363 $124,896
    Commercial & Industrial, US addressed loans - $250k-1MM 51 $18,288 $358,588
    Farmland loans - <$1MM 21 $1,256 $59,810
    Farmland loans - <$100k 17 $577 $33,941
    Farmland loans - $100-250k 4 $679 $169,750
    Agriculture operations loans - <$1MM 15 $1,075 $71,667
    Agriculture operations loans - <$100k 11 $266 $24,182
    Agriculture operations loans - $100-250k 2 $182 $91,000
    Agriculture operations loans - $250k-1MM 2 $627 $313,500