Lamar National Bank Mortgage Rates, Fees & Info

Paris, TX

LEI: 254900BM3N9MMKAA9U54

Tax ID: 75-1768645

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Lamar National Bank is a smaller bank specializing in Home Purchase loans. Lamar National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Paris, Dallas, Sherman, Longview, and Houston among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lamar National Bank has an above average approval rate when compared to the average across all lenders. They have an above 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

    115

    Origination Dollar Volume (All Markets)

    $19,615,000

    Employee count

    49

    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
    Paris, TX (FHA|USDA|VA) 77 $9,065,000 $117,727 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $4,320,000 $308,571 $0 0.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 4 $2,380,000 $595,000 $0 0.00%
    Outside of Metro Areas 13 $1,675,000 $128,846 $0 0.00%
    LONGVIEW, TX (FHA|USDA|VA) 2 $800,000 $400,000 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $590,000 $295,000 $0 0.00%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    Bonham, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    Sulphur Springs, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Lamar National Bank's top markets include Paris, Dallas, Sherman, Longview, and Houston among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 115 $19,615,000 $170,565 $0 0.00%

    For 2019, Lamar National Bank's most frequently originated type of loan was Conventional, with 115 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 72 $13,330,000 $185,139 $0 0.00%
    Cash Out Refi 19 $2,585,000 $136,053 $0 0.00%
    Other 13 $2,505,000 $192,692 $0 0.00%
    Refi 7 $975,000 $139,286 $0 0.00%
    Home Improvement 4 $220,000 $55,000 $0 0.00%

    For 2019, Lamar National Bank's most frequently cited loan purpose was Home Purchase, with 72 originations. The 2nd most popular reason was Cash Out Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 115 $19,615,000 $170,565 $0 0.00%

    For 2019, Lamar National Bank's most frequently cited loan duration was Other, with 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 46 $2,760,000 $60,000 $0 0.00%
    $100k-200k 37 $5,105,000 $137,973 $0 0.00%
    $200k-400k 23 $6,255,000 $271,957 $0 0.00%
    $400k-600k 7 $3,385,000 $483,571 $0 0.00%
    $1MM+ 1 $1,505,000 $1,505,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2019 saw Lamar National Bank place emphasis on $100,000 or less loans with 46 originations, totaling $2,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 25 $1,885,000 $75,400 $0 0.00%
    $50k-75k 23 $2,865,000 $124,565 $0 0.00%
    $75k-100k 18 $2,250,000 $125,000 $0 0.00%
    $150k-250k 15 $3,535,000 $235,667 $0 0.00%
    $100k-150k 13 $2,155,000 $165,769 $0 0.00%
    $250k+ 11 $3,755,000 $341,364 $0 0.00%

    Lamar National Bank lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $50k-75k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 115 $19,615,000 $170,565 $0 0.00%

    Lamar National Bank lent most frequently to those with DTI ratios of Exempt%, with 115 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $14,250,000 $151,596 $0 0.00%
    Not applicable 11 $3,655,000 $332,273 $0 0.00%
    Not provided 5 $685,000 $137,000 $0 0.00%
    Asian 3 $675,000 $225,000 $0 0.00%
    American Indian 1 $245,000 $245,000 $0 0.00%
    Black 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.29%

    Lamar National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    92.17%

    Lamar National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 115 $19,615,000 $170,565

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,070,000 $535,000
    Single Family (1-4 Units):Manufactured 1 $65,000 $65,000
    Single Family (1-4 Units):Site-Built 112 $18,480,000 $165,000

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    LoanHero, Inc Conventional home mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Lamar National Bank 200 South Collegiate Paris, TX 75460 Full Service B&M $148,302

    For 2019, Lamar National Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,823
    Net interest income $7,007
    Total noninterest income $1,237
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $472
    Trading account gains and fees $0
    Additional Noninterest Income $765
    Pre-tax net operating income $1,942
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,942
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,942
    Minority interest net income $0
    Net income $1,942
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,942

    Lamar National Bank's gross interest income from loans was $7,823,000.
    Lamar National Bank's net interest income from loans was $7,007,000.
    Lamar National Bank's fee based income from loans was $472,000.
    Lamar National Bank's net income from loans was $1,942,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $816
    Provision for credit losses $80
    Total noninterest expense $6,222
    Salaries and employee benefits $3,163
    Premises and equipment expense $483
    Additional noninterest expense $2,576
    Applicable income taxes $0
    Net charge-offs $105
    Cash dividends $1,610

    Lamar National Bank's interest expense for loans was $816,000.
    Lamar National Bank's payroll and benefits expense were $3,163,000.
    Lamar National Bank's property, plant and equipment expenses $483,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    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 $160,047
    Deposits held in domestic offices $160,047
    Deposits by Individuals, partnerships, and corporations $150,561
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,505
    Deposits by Commercial banks and other depository institutions in U.S. $981
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $79,607
    Demand deposits $40,154
    Nontransaction accounts $80,440
    Money market deposit accounts (MMDAs) $23,345
    Other savings deposits (excluding MMDAs) $28,948
    Total time deposits $28,147
    Total time and savings deposits $119,893
    Noninterest-bearing deposits $39,111
    Interest-bearing deposits $120,936
    Retail deposits $152,473
    IRAs and Keogh plan accounts $6,729
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $184,486
    Cash & Balances due from depository institutions $20,281
    Interest-bearing balances $14,010
    Total securities $25,353
    Federal funds sold & reverse repurchase $140
    Net loans and leases $128,221
    Loan and leases loss allowance $1,440
    Trading account assets $0
    Bank premises and fixed assets $5,596
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $4,895

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $184,486
    Total Liabilities $162,651
    Total deposits $160,047
    Interest-bearing deposits $120,936
    Deposits held in domestic offices $160,047
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,604

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $128,221
    Loan and leases loss allowance $1,440
    Total loans and leases (domestic) $129,661
    All real estate loans $109,649
    Real estate loans in domestic offices $109,649
    Construction and development loans $18,188
    Residential 1-4 family construction $3,973
    Other construction, all land development and other land $14,215
    Loans secured by nonfarm nonresidential properties $22,356
    Nonfarm nonresidential secured by owner-occupied properties $12,612
    Commercial real estate & other non-farm, non-residential $9,744
    Multifamily residential real estate $1,899
    1-4 family residential loans $59,262
    Farmland loans $7,944
    Loans held in foreign offices $0
    Farm loans $3,814
    Commercial and industrial loans $9,987
    To non-U.S. addressees $0
    Loans to individuals $4,694
    Credit card loans $312
    Related Plans $46
    Consumer Auto Loans $1,616
    Other loans to individuals $2,720
    All other loans & leases $1,517
    Loans to foreign governments and official institutions $0
    Other loans $148
    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 $172
    Non 1-4 family restructured loans & leases $172
    Total loans and leases (foreign) $0

    Lamar National Bank had $128,221,000 of loans outstanding in 2019. $109,649,000 of loans were in real estate loans. $18,188,000 of loans were in development loans. $1,899,000 of loans were in multifamily mortgage loans. $59,262,000 of loans were in 1-4 family mortgage loans. $3,814,000 of loans were in farm loans. $312,000 of loans were in credit card loans. $1,616,000 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 81 $14,857 $183,420
    Nonfarm, nonresidential loans - <$100k 30 $1,299 $43,300
    Nonfarm, nonresidential loans - $100-250k 26 $3,469 $133,423
    Nonfarm, nonresidential loans - $250k-1MM 25 $10,089 $403,560
    Commercial & Industrial, US addressed loans - <$1MM 154 $7,186 $46,662
    Commercial & Industrial, US addressed loans - <$100k 126 $2,785 $22,103
    Commercial & Industrial, US addressed loans - $100-250k 20 $2,091 $104,550
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $2,310 $288,750
    Farmland loans - <$1MM 39 $4,137 $106,077
    Farmland loans - <$100k 22 $1,142 $51,909
    Farmland loans - $100-250k 13 $2,156 $165,846
    Farmland loans - $250k-1MM 4 $839 $209,750
    Agriculture operations loans - <$1MM 62 $1,727 $27,855
    Agriculture operations loans - <$100k 53 $620 $11,698
    Agriculture operations loans - $100-250k 6 $699 $116,500
    Agriculture operations loans - $250k-1MM 3 $408 $136,000