Gulf Coast Bank Mortgage Rates, Fees & Info

Abbeville, LA

LEI: 549300XV2UKEPAMX9H12

Tax ID: 72-0695783

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, New Orleans, Opelousas, and Pensacola among others. We have data for 7 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

    119

    Origination Dollar Volume (All Markets)

    $14,245,000

    Employee count

    117

    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) 109 $13,085,000 $120,046 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 5 $245,000 $49,000 $0 0.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Jennings, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Gulf Coast Bank's top markets include Lafayette, Baton Rouge, New Orleans, Opelousas, and Pensacola among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 119 $14,245,000 $119,706 $0 0.00%

    For 2021, Gulf Coast Bank's most frequently originated type of loan was Conventional, with 119 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 81 $8,515,000 $105,123 $0 0.00%
    Home Purchase 34 $5,560,000 $163,529 $0 0.00%
    Home Improvement 3 $95,000 $31,667 $0 0.00%
    Other 1 $75,000 $75,000 $0 0.00%

    For 2021, Gulf Coast Bank's most frequently cited loan purpose was Refi, with 81 originations. The 2nd most popular reason was Home Purchase, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 119 $14,245,000 $119,706 $0 0.00%

    For 2021, Gulf Coast Bank's most frequently cited loan duration was Other, with 119 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 68 $3,380,000 $49,706 $0 0.00%
    $100k-200k 31 $4,305,000 $138,871 $0 0.00%
    $200k-400k 16 $4,550,000 $284,375 $0 0.00%
    $400k-600k 3 $1,405,000 $468,333 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2021 saw Gulf Coast Bank place emphasis on $100,000 or less loans with 68 originations, totaling $3,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 32 $2,020,000 $63,125 $0 0.00%
    $50k-75k 16 $1,750,000 $109,375 $0 0.00%
    $100k-150k 10 $1,460,000 $146,000 $0 0.00%
    $75k-100k 9 $1,245,000 $138,333 $0 0.00%
    $150k-250k 6 $1,070,000 $178,333 $0 0.00%
    $250k+ 6 $1,280,000 $213,333 $0 0.00%

    Gulf Coast Bank lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $50k-75k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 119 $14,245,000 $119,706 $0 0.00%

    Gulf Coast Bank lent most frequently to those with DTI ratios of Exempt%, with 119 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 53 $6,525,000 $123,113 $0 0.00%
    Not applicable 40 $5,420,000 $135,500 $0 0.00%
    Asian 16 $1,710,000 $106,875 $0 0.00%
    Black 9 $485,000 $53,889 $0 0.00%
    Not provided 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.29%

    Gulf Coast Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.23%

    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
    Exempt 119 $14,245,000 $119,706

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    119 $14,245,000 $119,706

    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 $28,274
    Gulf Coast Bank 221 South State Street Abbeville, LA 70510 Full Service B&M $194,907
    Gulf Coast Bank 3000 East Milton Avenue Youngsville, LA 70592 Full Service B&M $15,185
    Gulf Coast Bank 304 La Hwy 14 West Delcambre, LA 70528 Full Service B&M $28,387
    Gulf Coast Bank 3906 Northeast Evangeline Thruway Carencro, LA 70520 Full Service B&M $10,089
    Gulf Coast Bank 3911 Ambassador Caffery Parkway Lafayette, LA 70503 Full Service B&M $57,093
    Gulf Coast Bank 4310 Johnston Street Lafayette, LA 70501 Full Service B&M $57,061
    Gulf Coast Bank 500 West Lastie Erath, LA 70533 Full Service B&M $32,637
    Gulf Coast Bank 9302 Maurice Ave Maurice, LA 70555 Full Service B&M $33,121

    For 2021, Gulf Coast Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,668
    Net interest income $22,004
    Total noninterest income $5,672
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,588
    Trading account gains and fees $0
    Additional Noninterest Income $4,084
    Pre-tax net operating income $11,433
    Securities gains (or losses, -) $342
    Income before extraordinary items $9,311
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,311
    Minority interest net income $0
    Net income $9,311
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,040

    Gulf Coast Bank's gross interest income from loans was $22,668,000.
    Gulf Coast Bank's net interest income from loans was $22,004,000.
    Gulf Coast Bank's fee based income from loans was $1,588,000.
    Gulf Coast Bank's net income from loans was $9,311,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $664
    Provision for credit losses $194
    Total noninterest expense $16,049
    Salaries and employee benefits $8,976
    Premises and equipment expense $2,365
    Additional noninterest expense $4,708
    Applicable income taxes $2,464
    Net charge-offs $355
    Cash dividends $3,712

    Gulf Coast Bank's interest expense for loans was $664,000.
    Gulf Coast Bank's payroll and benefits expense were $8,976,000.
    Gulf Coast Bank's property, plant and equipment expenses $2,365,000.

    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 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 $479,008
    Deposits held in domestic offices $479,008
    Deposits by Individuals, partnerships, and corporations $456,006
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $22,471
    Deposits by Commercial banks and other depository institutions in U.S. $530
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $263,469
    Demand deposits $239,196
    Nontransaction accounts $215,538
    Money market deposit accounts (MMDAs) $55,683
    Other savings deposits (excluding MMDAs) $112,357
    Total time deposits $47,498
    Total time and savings deposits $239,811
    Noninterest-bearing deposits $239,196
    Interest-bearing deposits $239,812
    Retail deposits $471,264
    IRAs and Keogh plan accounts $9,487
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $542,756
    Cash & Balances due from depository institutions $95,942
    Interest-bearing balances $82,575
    Total securities $139,687
    Federal funds sold & reverse repurchase $3,050
    Net loans and leases $289,891
    Loan and leases loss allowance $2,714
    Trading account assets $0
    Bank premises and fixed assets $10,233
    Other real estate owned $86
    Goodwill and other intangibles $0
    All other assets $3,867

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $542,756
    Total Liabilities $480,551
    Total deposits $479,008
    Interest-bearing deposits $239,812
    Deposits held in domestic offices $479,008
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,543

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $289,891
    Loan and leases loss allowance $2,714
    Total loans and leases (domestic) $292,605
    All real estate loans $226,018
    Real estate loans in domestic offices $226,018
    Construction and development loans $33,734
    Residential 1-4 family construction $4,192
    Other construction, all land development and other land $29,542
    Loans secured by nonfarm nonresidential properties $122,701
    Nonfarm nonresidential secured by owner-occupied properties $73,217
    Commercial real estate & other non-farm, non-residential $49,484
    Multifamily residential real estate $411
    1-4 family residential loans $66,188
    Farmland loans $2,984
    Loans held in foreign offices $0
    Farm loans $791
    Commercial and industrial loans $37,430
    To non-U.S. addressees $0
    Loans to individuals $26,849
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $20,650
    Other loans to individuals $6,199
    All other loans & leases $1,517
    Loans to foreign governments and official institutions $0
    Other loans $1,417
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,551
    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

    Gulf Coast Bank had $289,891,000 of loans outstanding in 2021. $226,018,000 of loans were in real estate loans. $33,734,000 of loans were in development loans. $411,000 of loans were in multifamily mortgage loans. $66,188,000 of loans were in 1-4 family mortgage loans. $791,000 of loans were in farm loans. $0 of loans were in credit card loans. $20,650,000 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 234 $60,360 $257,949
    Nonfarm, nonresidential loans - <$100k 64 $2,974 $46,469
    Nonfarm, nonresidential loans - $100-250k 54 $7,999 $148,130
    Nonfarm, nonresidential loans - $250k-1MM 116 $49,387 $425,750
    Commercial & Industrial, US addressed loans - <$1MM 582 $29,931 $51,428
    Commercial & Industrial, US addressed loans - <$100k 475 $12,184 $25,651
    Commercial & Industrial, US addressed loans - $100-250k 83 $9,985 $120,301
    Commercial & Industrial, US addressed loans - $250k-1MM 24 $7,762 $323,417
    Farmland loans - <$1MM 18 $1,882 $104,556
    Farmland loans - <$100k 12 $515 $42,917
    Farmland loans - $100-250k 4 $649 $162,250
    Farmland loans - $250k-1MM 2 $718 $359,000
    Agriculture operations loans - <$1MM 9 $423 $47,000
    Agriculture operations loans - <$100k 6 $122 $20,333
    Agriculture operations loans - $100-250k 2 $148 $74,000
    Agriculture operations loans - $250k-1MM 1 $153 $153,000