State Bank & Trust Company Mortgage Rates, Fees & Info
Greenwood, MSLEI: 549300YKW22UMXNTTH37
Tax ID: 64-0258020
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Bank Data
Review & Overview
State Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. State Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Baton Rouge, New Orleans, Jackson, Brookhaven, and Daphne among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)State Bank & Trust Company 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.
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Originations
372Origination Dollar Volume (All Markets)
$64,000,000Employee count
278Top 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 |
|---|---|---|---|---|---|
| BATON ROUGE, LA (FHA|USDA|VA) | 62 | $15,160,000 | $244,516 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 25 | $10,785,000 | $431,400 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 34 | $6,780,000 | $199,412 | $0 | 0.00% |
| Outside of Metro Areas | 70 | $6,590,000 | $94,143 | $0 | 0.00% |
| Brookhaven, MS (FHA|USDA|VA) | 53 | $4,385,000 | $82,736 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $3,010,000 | $1,505,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 14 | $2,990,000 | $213,571 | $0 | 0.00% |
| DOTHAN, AL (FHA|USDA|VA) | 24 | $2,060,000 | $85,833 | $0 | 0.00% |
| Enterprise, AL (FHA|USDA|VA) | 9 | $1,305,000 | $145,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $0 | 0.00% |
| McComb, MS (FHA|USDA|VA) | 18 | $1,260,000 | $70,000 | $0 | 0.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $0 | 0.00% |
| Greenwood, MS (FHA|USDA|VA) | 12 | $1,010,000 | $84,167 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 6 | $910,000 | $151,667 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $0 | 0.00% |
| Grenada, MS (FHA|USDA|VA) | 7 | $675,000 | $96,429 | $0 | 0.00% |
| Cleveland, MS (FHA|USDA|VA) | 12 | $630,000 | $52,500 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Ozark, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 372 | $64,000,000 | $172,043 | $0 | 0.00% |
For 2019, State Bank & Trust Company's most frequently originated type of loan was Conventional, with 372 originations.
Loan Reason
For 2019, State Bank & Trust Company's most frequently cited loan purpose was Refi, with 184 originations. The 2nd most popular reason was Home Purchase, with 151 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 372 | $64,000,000 | $172,043 | $0 | 0.00% |
For 2019, State Bank & Trust Company's most frequently cited loan duration was Other, with 372 originations.
Loan Sizing
2019 saw State Bank & Trust Company place emphasis on $100,000 or less loans with 209 originations, totaling $9,535,000 in origination value.
Applicant Income
State Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 57 originations. The second most popular income band? $50k-75k, with 39 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 372 | $64,000,000 | $172,043 | $0 | 0.00% |
State Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 372 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.25%
State Bank & Trust Company has a below average approval rate.
Pick Rate
Approvals leading to origination84.68%
State Bank & Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 372 | $64,000,000 | $172,043 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Statebridge Company | Conventional home mortgage | Closing on a mortgage | 3 | 4.8% |
| Statebridge Company | Conventional home mortgage | Incorrect information on your report | 1 | 1.6% |
| Statebridge Company | Conventional home mortgage | Struggling to pay mortgage | 7 | 11.3% |
| Statebridge Company | Conventional home mortgage | Trouble during payment process | 34 | 54.8% |
| Statebridge Company | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 3.2% |
| Statebridge Company | FHA mortgage | Closing on a mortgage | 1 | 1.6% |
| Statebridge Company | FHA mortgage | Incorrect information on your report | 1 | 1.6% |
| Statebridge Company | FHA mortgage | Struggling to pay mortgage | 2 | 3.2% |
| Statebridge Company | FHA mortgage | Trouble during payment process | 4 | 6.5% |
| Statebridge Company | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 1.6% |
| Statebridge Company | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 1.6% |
| Statebridge Company | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 3.2% |
| Statebridge Company | Other type of mortgage | Closing on a mortgage | 2 | 3.2% |
| Statebridge Company | Other type of mortgage | Trouble during payment process | 1 | 1.6% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| State Bank & Trust Company | 100 Sunflower Road Cleveland, MS 38732 | Full Service B&M | $28,942 |
| State Bank & Trust Company | 1010 Common Street, Suite A103 New Orleans, LA 70112 | Full Service B&M | $11,652 |
| State Bank & Trust Company | 1028 Highway 51 Mccomb, MS 39648 | Full Service B&M | $34,729 |
| State Bank & Trust Company | 107 Founders Drive Baton Rouge, LA 70810 | Full Service B&M | $19,719 |
| State Bank & Trust Company | 107 Terra Bella Blvd Covington, LA 70433 | Full Service B&M | $18,281 |
| State Bank & Trust Company | 1141 Montlimar Drive, Suite 2012 Mobile, AL 36609 | Full Service B&M | $33,571 |
| State Bank & Trust Company | 120 West Presley Blvd Mccomb, MS 39648 | Full Service B&M | $0 |
| State Bank & Trust Company | 140 West Pearl Street Jackson, MS 39202 | Full Service B&M | $52,023 |
| State Bank & Trust Company | 147 South Railroad Avenue Brookhaven, MS 39601 | Full Service B&M | $117,096 |
| State Bank & Trust Company | 151 South Fourth Street Eunice, LA 70535 | Full Service B&M | $28,629 |
| State Bank & Trust Company | 1663 Sunset Drive Grenada, MS 38901 | Full Service B&M | $51,580 |
| State Bank & Trust Company | 1700 Highway 59 Mandeville, LA 70448 | Full Service B&M | $23,266 |
| State Bank & Trust Company | 1754 South Commerce Street Grenada, MS 38901 | Full Service B&M | $4,878 |
| State Bank & Trust Company | 1936 E Gause Blvd Slidell, LA 70461 | Full Service B&M | $20,850 |
| State Bank & Trust Company | 1939 South Sherwood Forest Bouelvard Baton Rouge, LA 70816 | Full Service B&M | $13,616 |
| State Bank & Trust Company | 201 South Commerce Street Geneva, AL 36340 | Full Service B&M | $87,883 |
| State Bank & Trust Company | 206 East Grubbs Street Enterprise, AL 36330 | Full Service B&M | $22,994 |
| State Bank & Trust Company | 2600 False River Drive New Roads, LA 70760 | Full Service B&M | $25,473 |
| State Bank & Trust Company | 2845 Lakeland Drive Flowood, MS 39232 | Full Service B&M | $8,031 |
| State Bank & Trust Company | 332 Broad Street Monticello, MS 39654 | Full Service B&M | $22,105 |
| State Bank & Trust Company | 332 Crossgates Boulevard Brandon, MS 39042 | Full Service B&M | $6,018 |
| State Bank & Trust Company | 414 Highway 51 North Ridgeland, MS 39157 | Full Service B&M | $21,137 |
| State Bank & Trust Company | 428 Sumrall Road Columbia, MS 39429 | Full Service B&M | $41,348 |
| State Bank & Trust Company | 4482 West Main Street Dothan, AL 36303 | Full Service B&M | $53,386 |
| State Bank & Trust Company | 4678 I-55 North Jackson, MS 39211 | Full Service B&M | $77,911 |
| State Bank & Trust Company | 500 West Park Avenue Greenwood, MS 38935 | Full Service B&M | $6,649 |
| State Bank & Trust Company | 600 Brookway Boulevard Brookhaven, MS 39601 | Full Service B&M | $21,903 |
| State Bank & Trust Company | 609 Farmer Street Port Gibson, MS 39150 | Full Service B&M | $34,585 |
| State Bank & Trust Company | 618 Crescent Boulevard, Suite 100 Ridgeland, MS 39157 | Full Service B&M | $7,786 |
| State Bank & Trust Company | 620 North Davis Cleveland, MS 38732 | Full Service B&M | $24,293 |
| State Bank & Trust Company | 665 Florida Street Baton Rouge, LA 70801 | Full Service B&M | $22,890 |
| State Bank & Trust Company | 822 South Range Avenue Denham Springs, LA 70726 | Full Service B&M | $14,521 |
| State Bank & Trust Company | 846 East Monticello Street Brookhaven, MS 39601 | Limited, Drive-thru | $0 |
| State Bank & Trust Company | 916 Highway 82 Bypass Greenwood, MS 38935 | Full Service B&M | $31,159 |
| State Bank & Trust Company | Fagan Drive Hammond, LA 70403 | Full Service B&M | $12,759 |
For 2019, State Bank & Trust Company had 35 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $50,982 |
| Net interest income | $38,903 |
| Total noninterest income | $7,740 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $5,602 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,138 |
| Pre-tax net operating income | $14,040 |
| Securities gains (or losses, -) | $373 |
| Income before extraordinary items | $11,059 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $11,059 |
| Minority interest net income | $0 |
| Net income | $11,059 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $10,764 |
State Bank & Trust Company's gross interest income from loans was $50,982,000.
State Bank & Trust Company's net interest income from loans was $38,903,000.
State Bank & Trust Company's fee based income from loans was $5,602,000.
State Bank & Trust Company's net income from loans was $11,059,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $12,079 |
| Provision for credit losses | $456 |
| Total noninterest expense | $32,147 |
| Salaries and employee benefits | $20,237 |
| Premises and equipment expense | $4,305 |
| Additional noninterest expense | $7,605 |
| Applicable income taxes | $3,354 |
| Net charge-offs | $1,185 |
| Cash dividends | $4,850 |
State Bank & Trust Company's interest expense for loans was $12,079,000.
State Bank & Trust Company's payroll and benefits expense were $20,237,000.
State Bank & Trust Company's property, plant and equipment expenses $4,305,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| 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 | $999,601 |
| Deposits held in domestic offices | $999,601 |
| Deposits by Individuals, partnerships, and corporations | $863,913 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $135,647 |
| Deposits by Commercial banks and other depository institutions in U.S. | $41 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $221,005 |
| Demand deposits | $68,407 |
| Nontransaction accounts | $778,596 |
| Money market deposit accounts (MMDAs) | $148,940 |
| Other savings deposits (excluding MMDAs) | $267,459 |
| Total time deposits | $362,198 |
| Total time and savings deposits | $931,194 |
| Noninterest-bearing deposits | $131,344 |
| Interest-bearing deposits | $868,257 |
| Retail deposits | $928,559 |
| IRAs and Keogh plan accounts | $35,492 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,150,836 |
| Cash & Balances due from depository institutions | $41,360 |
| Interest-bearing balances | $11,668 |
| Total securities | $106,309 |
| Federal funds sold & reverse repurchase | $6,573 |
| Net loans and leases | $897,767 |
| Loan and leases loss allowance | $7,887 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $32,058 |
| Other real estate owned | $1,356 |
| Goodwill and other intangibles | $26,971 |
| All other assets | $38,442 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,150,836 |
| Total Liabilities | $1,019,054 |
| Total deposits | $999,601 |
| Interest-bearing deposits | $868,257 |
| Deposits held in domestic offices | $999,601 |
| % insured (estimated) | $80 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $15,366 |
| Subordinated debt | $0 |
| All other liabilities | $4,087 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $897,767 |
| Loan and leases loss allowance | $7,887 |
| Total loans and leases (domestic) | $905,654 |
| All real estate loans | $809,668 |
| Real estate loans in domestic offices | $809,668 |
| Construction and development loans | $111,022 |
| Residential 1-4 family construction | $22,270 |
| Other construction, all land development and other land | $88,752 |
| Loans secured by nonfarm nonresidential properties | $392,009 |
| Nonfarm nonresidential secured by owner-occupied properties | $213,269 |
| Commercial real estate & other non-farm, non-residential | $178,740 |
| Multifamily residential real estate | $26,616 |
| 1-4 family residential loans | $210,541 |
| Farmland loans | $69,480 |
| Loans held in foreign offices | $0 |
| Farm loans | $12,873 |
| Commercial and industrial loans | $58,970 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $21,864 |
| Credit card loans | $0 |
| Related Plans | $1,220 |
| Consumer Auto Loans | $4,966 |
| Other loans to individuals | $15,678 |
| All other loans & leases | $2,279 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,481 |
| 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 | $907 |
| Non 1-4 family restructured loans & leases | $414 |
| Total loans and leases (foreign) | $0 |
State Bank & Trust Company had $897,767,000 of loans outstanding in 2019. $809,668,000 of loans were in real estate loans. $111,022,000 of loans were in development loans. $26,616,000 of loans were in multifamily mortgage loans. $210,541,000 of loans were in 1-4 family mortgage loans. $12,873,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,966,000 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 | 693 | $153,314 | $221,232 |
| Nonfarm, nonresidential loans - <$100k | 161 | $6,461 | $40,130 |
| Nonfarm, nonresidential loans - $100-250k | 206 | $24,130 | $117,136 |
| Nonfarm, nonresidential loans - $250k-1MM | 326 | $122,723 | $376,451 |
| Commercial & Industrial, US addressed loans - <$1MM | 899 | $45,914 | $51,072 |
| Commercial & Industrial, US addressed loans - <$100k | 683 | $14,819 | $21,697 |
| Commercial & Industrial, US addressed loans - $100-250k | 149 | $12,999 | $87,242 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 67 | $18,096 | $270,090 |
| Farmland loans - <$1MM | 346 | $40,744 | $117,757 |
| Farmland loans - <$100k | 178 | $6,652 | $37,371 |
| Farmland loans - $100-250k | 103 | $11,446 | $111,126 |
| Farmland loans - $250k-1MM | 65 | $22,646 | $348,400 |
| Agriculture operations loans - <$1MM | 53 | $4,786 | $90,302 |
| Agriculture operations loans - <$100k | 21 | $533 | $25,381 |
| Agriculture operations loans - $100-250k | 17 | $1,329 | $78,176 |
| Agriculture operations loans - $250k-1MM | 15 | $2,924 | $194,933 |