Waggoner National Bank Mortgage Rates, Fees & Info

Vernon, TX

LEI: 2549004NC9AQ00THAD39

Tax ID: 75-0634430

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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

    Waggoner National Bank is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    63

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Waggoner National Bank of Vernon 1818 Texas Street Vernon, TX 76384 Full Service B&M $260,406
    The Waggoner National Bank of Vernon 401 West Front Street Electra, TX 76360 Full Service B&M $40,851

    For 2021, Waggoner National Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,050
    Net interest income $10,109
    Total noninterest income $4,040
    Gross Fiduciary activities income $928
    Service charges on deposit accounts $698
    Trading account gains and fees $0
    Additional Noninterest Income $2,414
    Pre-tax net operating income $7,194
    Securities gains (or losses, -) $996
    Income before extraordinary items $8,190
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,190
    Minority interest net income $0
    Net income $8,190
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,194

    Waggoner National Bank's gross interest income from loans was $11,050,000.
    Waggoner National Bank's net interest income from loans was $10,109,000.
    Waggoner National Bank's fee based income from loans was $698,000.
    Waggoner National Bank's net income from loans was $8,190,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $941
    Provision for credit losses $250
    Total noninterest expense $6,705
    Salaries and employee benefits $4,005
    Premises and equipment expense $561
    Additional noninterest expense $2,139
    Applicable income taxes $0
    Net charge-offs $19
    Cash dividends $6,482

    Waggoner National Bank's interest expense for loans was $941,000.
    Waggoner National Bank's payroll and benefits expense were $4,005,000.
    Waggoner National Bank's property, plant and equipment expenses $561,000.

    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 1.0%
    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 $291,081
    Deposits held in domestic offices $291,081
    Deposits by Individuals, partnerships, and corporations $246,348
    Deposits by U.S. Government $16
    Deposits by States and political subdivisions in the U.S. $44,717
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $141,446
    Demand deposits $52,250
    Nontransaction accounts $149,635
    Money market deposit accounts (MMDAs) $73,080
    Other savings deposits (excluding MMDAs) $13,520
    Total time deposits $63,035
    Total time and savings deposits $238,831
    Noninterest-bearing deposits $52,250
    Interest-bearing deposits $238,831
    Retail deposits $270,941
    IRAs and Keogh plan accounts $10,594
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $338,328
    Cash & Balances due from depository institutions $8,540
    Interest-bearing balances $3,057
    Total securities $133,900
    Federal funds sold & reverse repurchase $0
    Net loans and leases $175,448
    Loan and leases loss allowance $4,918
    Trading account assets $0
    Bank premises and fixed assets $1,878
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $18,562

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $338,328
    Total Liabilities $293,311
    Total deposits $291,081
    Interest-bearing deposits $238,831
    Deposits held in domestic offices $291,081
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,230

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $175,448
    Loan and leases loss allowance $4,918
    Total loans and leases (domestic) $180,366
    All real estate loans $118,660
    Real estate loans in domestic offices $118,660
    Construction and development loans $12,272
    Residential 1-4 family construction $3,500
    Other construction, all land development and other land $8,772
    Loans secured by nonfarm nonresidential properties $45,449
    Nonfarm nonresidential secured by owner-occupied properties $30,899
    Commercial real estate & other non-farm, non-residential $14,550
    Multifamily residential real estate $1,921
    1-4 family residential loans $20,713
    Farmland loans $38,305
    Loans held in foreign offices $0
    Farm loans $6,200
    Commercial and industrial loans $24,174
    To non-U.S. addressees $0
    Loans to individuals $13,374
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,882
    Other loans to individuals $8,492
    All other loans & leases $19,050
    Loans to foreign governments and official institutions $0
    Other loans $12,690
    Loans to depository institutions and acceptances of other banks $6,320
    Loans not secured by real estate $0
    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

    Waggoner National Bank had $175,448,000 of loans outstanding in 2021. $118,660,000 of loans were in real estate loans. $12,272,000 of loans were in development loans. $1,921,000 of loans were in multifamily mortgage loans. $20,713,000 of loans were in 1-4 family mortgage loans. $6,200,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,882,000 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 74 $10,244 $138,432
    Nonfarm, nonresidential loans - <$100k 30 $800 $26,667
    Nonfarm, nonresidential loans - $100-250k 31 $4,379 $141,258
    Nonfarm, nonresidential loans - $250k-1MM 13 $5,065 $389,615
    Commercial & Industrial, US addressed loans - <$1MM 142 $6,318 $44,493
    Commercial & Industrial, US addressed loans - <$100k 117 $2,083 $17,803
    Commercial & Industrial, US addressed loans - $100-250k 17 $1,798 $105,765
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $2,437 $304,625
    Farmland loans - <$1MM 122 $12,924 $105,934
    Farmland loans - <$100k 56 $1,922 $34,321
    Farmland loans - $100-250k 46 $5,694 $123,783
    Farmland loans - $250k-1MM 20 $5,308 $265,400
    Agriculture operations loans - <$1MM 187 $6,200 $33,155
    Agriculture operations loans - <$100k 155 $2,388 $15,406
    Agriculture operations loans - $100-250k 21 $1,964 $93,524
    Agriculture operations loans - $250k-1MM 11 $1,848 $168,000