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
  • 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 and Refi loans. Lamar National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Paris, Sherman, Bonham, and Athens among others. We have data for 7 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    91

    Origination Dollar Volume (All Markets)

    $25,015,000

    Employee count

    54

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 19 $9,025,000 $475,000 $0 0.00%
    Paris, TX (FHA|USDA|VA) 52 $7,700,000 $148,077 $0 0.00%
    Outside of Metro Areas 11 $4,435,000 $403,182 $0 0.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 6 $2,540,000 $423,333 $0 0.00%
    Bonham, TX (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 0.00%
    Athens, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Ardmore, OK (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Lamar National Bank's top markets include Dallas, Paris, Sherman, Bonham, and Athens 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 91 $25,015,000 $274,890 $0 0.00%

    For 2020, Lamar National Bank's most frequently originated type of loan was Conventional, with 91 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $14,130,000 $220,781 $0 0.00%
    Refi 14 $5,420,000 $387,143 $0 0.00%
    Cash Out Refi 10 $4,300,000 $430,000 $0 0.00%
    Home Improvement 2 $160,000 $80,000 $0 0.00%
    Other 1 $1,005,000 $1,005,000 $0 0.00%

    For 2020, Lamar National Bank's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 91 $25,015,000 $274,890 $0 0.00%

    For 2020, Lamar National Bank's most frequently cited loan duration was Other, with 91 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 28 $4,170,000 $148,929 $0 0.00%
    $100,000 or less 27 $1,905,000 $70,556 $0 0.00%
    $200k-400k 24 $6,620,000 $275,833 $0 0.00%
    $400k-600k 5 $2,375,000 $475,000 $0 0.00%
    $1MM+ 4 $7,180,000 $1,795,000 $0 0.00%
    $600k-1MM 3 $2,765,000 $921,667 $0 0.00%

    2020 saw Lamar National Bank place emphasis on $100k-200k loans with 28 originations, totaling $4,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 17 $3,535,000 $207,941 $0 0.00%
    $250k+ 15 $6,395,000 $426,333 $0 0.00%
    $75k-100k 14 $2,530,000 $180,714 $0 0.00%
    $50k or less 13 $1,255,000 $96,538 $0 0.00%
    $50k-75k 9 $1,095,000 $121,667 $0 0.00%
    $150k-250k 6 $970,000 $161,667 $0 0.00%

    Lamar National Bank lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $250k+, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 91 $25,015,000 $274,890 $0 0.00%

    Lamar National Bank lent most frequently to those with DTI ratios of Exempt%, with 91 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 67 $13,885,000 $207,239 $0 0.00%
    Not applicable 16 $9,160,000 $572,500 $0 0.00%
    Asian 4 $1,170,000 $292,500 $0 0.00%
    Not provided 1 $475,000 $475,000 $0 0.00%
    Black 3 $325,000 $108,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.09%

    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
    80.22%

    Lamar National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 91 $25,015,000 $274,890

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $7,625,000 $1,525,000
    Single Family (1-4 Units):Manufactured 1 $175,000 $175,000
    Single Family (1-4 Units):Site-Built 85 $17,215,000 $202,529

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Lamar National Bank 110 S Preston Rd, Ste 100 Celina, TX 75009 Full Service B&M $0
    Lamar National Bank 200 South Collegiate Paris, TX 75460 Full Service B&M $194,582

    For 2020, Lamar National Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,197
    Net interest income $8,346
    Total noninterest income $1,209
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $308
    Trading account gains and fees $0
    Additional Noninterest Income $901
    Pre-tax net operating income $1,144
    Securities gains (or losses, -) $569
    Income before extraordinary items $2,207
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,207
    Minority interest net income $0
    Net income $2,207
    Sale, conversion, retirement of capital stock, net $308
    Net operating income $1,638

    Lamar National Bank's gross interest income from loans was $9,197,000.
    Lamar National Bank's net interest income from loans was $8,346,000.
    Lamar National Bank's fee based income from loans was $308,000.
    Lamar National Bank's net income from loans was $2,207,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $851
    Provision for credit losses $717
    Total noninterest expense $7,694
    Salaries and employee benefits $3,985
    Premises and equipment expense $871
    Additional noninterest expense $2,838
    Applicable income taxes $-494
    Net charge-offs $35
    Cash dividends $1,245

    Lamar National Bank's interest expense for loans was $851,000.
    Lamar National Bank's payroll and benefits expense were $3,985,000.
    Lamar National Bank's property, plant and equipment expenses $871,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    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 $226,111
    Deposits held in domestic offices $226,111
    Deposits by Individuals, partnerships, and corporations $202,508
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $22,567
    Deposits by Commercial banks and other depository institutions in U.S. $1,036
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $124,687
    Demand deposits $113,844
    Nontransaction accounts $101,424
    Money market deposit accounts (MMDAs) $40,717
    Other savings deposits (excluding MMDAs) $36,448
    Total time deposits $24,259
    Total time and savings deposits $112,267
    Noninterest-bearing deposits $67,232
    Interest-bearing deposits $158,879
    Retail deposits $218,807
    IRAs and Keogh plan accounts $7,306
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $279,336
    Cash & Balances due from depository institutions $50,647
    Interest-bearing balances $41,993
    Total securities $29,618
    Federal funds sold & reverse repurchase $25,259
    Net loans and leases $158,184
    Loan and leases loss allowance $2,122
    Trading account assets $0
    Bank premises and fixed assets $8,102
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $7,526

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $279,336
    Total Liabilities $256,242
    Total deposits $226,111
    Interest-bearing deposits $158,879
    Deposits held in domestic offices $226,111
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $27,566
    Subordinated debt $0
    All other liabilities $2,565

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $158,184
    Loan and leases loss allowance $2,122
    Total loans and leases (domestic) $160,306
    All real estate loans $119,576
    Real estate loans in domestic offices $119,576
    Construction and development loans $19,716
    Residential 1-4 family construction $2,766
    Other construction, all land development and other land $16,950
    Loans secured by nonfarm nonresidential properties $30,239
    Nonfarm nonresidential secured by owner-occupied properties $15,595
    Commercial real estate & other non-farm, non-residential $14,644
    Multifamily residential real estate $4,239
    1-4 family residential loans $56,797
    Farmland loans $8,585
    Loans held in foreign offices $0
    Farm loans $2,222
    Commercial and industrial loans $34,678
    To non-U.S. addressees $0
    Loans to individuals $2,649
    Credit card loans $287
    Related Plans $81
    Consumer Auto Loans $815
    Other loans to individuals $1,466
    All other loans & leases $1,181
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $40
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,136
    Non 1-4 family restructured loans & leases $629
    Total loans and leases (foreign) $0

    Lamar National Bank had $158,184,000 of loans outstanding in 2020. $119,576,000 of loans were in real estate loans. $19,716,000 of loans were in development loans. $4,239,000 of loans were in multifamily mortgage loans. $56,797,000 of loans were in 1-4 family mortgage loans. $2,222,000 of loans were in farm loans. $287,000 of loans were in credit card loans. $815,000 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 55 $7,466 $135,745
    Nonfarm, nonresidential loans - <$100k 20 $819 $40,950
    Nonfarm, nonresidential loans - $100-250k 22 $3,202 $145,545
    Nonfarm, nonresidential loans - $250k-1MM 13 $3,445 $265,000
    Commercial & Industrial, US addressed loans - <$1MM 336 $25,946 $77,220
    Commercial & Industrial, US addressed loans - <$100k 270 $10,716 $39,689
    Commercial & Industrial, US addressed loans - $100-250k 43 $4,927 $114,581
    Commercial & Industrial, US addressed loans - $250k-1MM 23 $10,303 $447,957
    Farmland loans - <$1MM 37 $4,516 $122,054
    Farmland loans - <$100k 18 $1,050 $58,333
    Farmland loans - $100-250k 13 $1,936 $148,923
    Farmland loans - $250k-1MM 6 $1,530 $255,000
    Agriculture operations loans - <$1MM 38 $2,222 $58,474
    Agriculture operations loans - <$100k 35 $1,697 $48,486
    Agriculture operations loans - $100-250k 2 $279 $139,500
    Agriculture operations loans - $250k-1MM 1 $246 $246,000