State Bank & Trust Company Mortgage Rates, Fees & Info
Greenwood, MSLEI: 549300YKW22UMXNTTH37
Tax ID: 64-0258020
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Mortgage 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: New Orleans, Baton Rouge, Ozark, Greenville, and Crestview among others. We have data for 34 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
276Origination Dollar Volume (All Markets)
$58,220,000Top 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 |
|---|---|---|---|---|---|
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 27 | $9,275,000 | $343,519 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 48 | $7,510,000 | $156,458 | $0 | 0.00% |
| Ozark, AL (FHA|USDA|VA) | 4 | $5,440,000 | $1,360,000 | $0 | 0.00% |
| Greenville, MS (FHA|USDA|VA) | 1 | $4,715,000 | $4,715,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $4,225,000 | $1,408,333 | $0 | 0.00% |
| Outside of Metro Areas | 52 | $3,910,000 | $75,192 | $0 | 0.00% |
| Brookhaven, MS (FHA|USDA|VA) | 31 | $2,805,000 | $90,484 | $0 | 0.00% |
| McComb, MS (FHA|USDA|VA) | 18 | $2,350,000 | $130,556 | $0 | 0.00% |
| Cleveland, MS (FHA|USDA|VA) | 6 | $2,280,000 | $380,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 11 | $2,195,000 | $199,545 | $0 | 0.00% |
| DOTHAN, AL (FHA|USDA|VA) | 11 | $2,195,000 | $199,545 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 8 | $1,820,000 | $227,500 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 6 | $1,710,000 | $285,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 11 | $1,145,000 | $104,091 | $0 | 0.00% |
| Enterprise, AL (FHA|USDA|VA) | 7 | $965,000 | $137,857 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 0.00% |
| Greenwood, MS (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 0.00% |
| West Point, MS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Grenada, MS (FHA|USDA|VA) | 5 | $165,000 | $33,000 | $0 | 0.00% |
| Indianola, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| Vicksburg, MS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Laurel, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 276 | $58,220,000 | $210,942 | $0 | 0.00% |
For 2020, State Bank & Trust Company's most frequently originated type of loan was Conventional, with 276 originations.
Loan Reason
For 2020, State Bank & Trust Company's most frequently cited loan purpose was Refi, with 152 originations. The 2nd most popular reason was Home Purchase, with 105 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 276 | $58,220,000 | $210,942 | $0 | 0.00% |
For 2020, State Bank & Trust Company's most frequently cited loan duration was Other, with 276 originations.
Loan Sizing
2020 saw State Bank & Trust Company place emphasis on $100,000 or less loans with 145 originations, totaling $7,235,000 in origination value.
Applicant Income
State Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $50k or less, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 276 | $58,220,000 | $210,942 | $0 | 0.00% |
State Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 276 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.10%
State Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination84.06%
State Bank & Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 276 | $58,220,000 | $210,942 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Statebridge Company | Conventional home mortgage | Struggling to pay mortgage | 10 | 23.8% |
| Statebridge Company | Conventional home mortgage | Trouble during payment process | 18 | 42.9% |
| Statebridge Company | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 2.4% |
| Statebridge Company | FHA mortgage | Struggling to pay mortgage | 2 | 4.8% |
| Statebridge Company | FHA mortgage | Trouble during payment process | 5 | 11.9% |
| Statebridge Company | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 2.4% |
| Statebridge Company | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 2.4% |
| Statebridge Company | Other type of mortgage | Struggling to pay mortgage | 1 | 2.4% |
| Statebridge Company | Other type of mortgage | Trouble during payment process | 2 | 4.8% |
| Statebridge Company | VA mortgage | Trouble during payment process | 1 | 2.4% |