Lamar National Bank Mortgage Rates, Fees & Info

Paris, TX

LEI: 254900BM3N9MMKAA9U54

Tax ID: 75-1768645

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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 loans. Lamar National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Paris, Sherman, Athens, and Austin among others. We have data for 12 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.

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    Originations

    109

    Origination Dollar Volume (All Markets)

    $43,465,000

    Employee count

    62

    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) 36 $23,770,000 $660,278 $0 0.00%
    Paris, TX (FHA|USDA|VA) 41 $9,525,000 $232,317 $0 0.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 14 $4,990,000 $356,429 $0 0.00%
    Outside of Metro Areas 5 $1,415,000 $283,000 $0 0.00%
    Athens, TX (FHA|USDA|VA) 4 $860,000 $215,000 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $840,000 $420,000 $0 0.00%
    WACO, TX (FHA|USDA|VA) 1 $685,000 $685,000 $0 0.00%
    Sulphur Springs, TX (FHA|USDA|VA) 2 $620,000 $310,000 $0 0.00%
    Jacksonville, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    Rockport, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Bonham, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Gainesville, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Lamar National Bank's top markets include Dallas, Paris, Sherman, Athens, and Austin 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 109 $43,465,000 $398,761 $0 0.00%

    For 2021, Lamar National Bank's most frequently originated type of loan was Conventional, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 74 $30,520,000 $412,432 $0 0.00%
    Refi 17 $8,495,000 $499,706 $0 0.00%
    Cash Out Refi 15 $3,965,000 $264,333 $0 0.00%
    Home Improvement 3 $485,000 $161,667 $0 0.00%

    For 2021, Lamar National Bank's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 109 $43,465,000 $398,761 $0 0.00%

    For 2021, Lamar National Bank's most frequently cited loan duration was Other, with 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 36 $10,070,000 $279,722 $0 0.00%
    $100k-200k 23 $3,545,000 $154,130 $0 0.00%
    $100,000 or less 17 $1,155,000 $67,941 $0 0.00%
    $400k-600k 13 $6,395,000 $491,923 $0 0.00%
    $600k-1MM 11 $7,975,000 $725,000 $0 0.00%
    $1MM+ 9 $14,325,000 $1,591,667 $0 0.00%

    2021 saw Lamar National Bank place emphasis on $200k-400k loans with 36 originations, totaling $10,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 14 $9,200,000 $657,143 $0 0.00%
    $150k-250k 13 $7,015,000 $539,615 $0 0.00%
    $50k-75k 13 $2,055,000 $158,077 $0 0.00%
    $100k-150k 12 $4,060,000 $338,333 $0 0.00%
    $50k or less 9 $1,025,000 $113,889 $0 0.00%
    $75k-100k 8 $1,310,000 $163,750 $0 0.00%

    Lamar National Bank lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $150k-250k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 109 $43,465,000 $398,761 $0 0.00%

    Lamar National Bank lent most frequently to those with DTI ratios of Exempt%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 40 $18,800,000 $470,000 $0 0.00%
    White 59 $17,555,000 $297,542 $0 0.00%
    Asian 6 $5,580,000 $930,000 $0 0.00%
    Black 2 $1,000,000 $500,000 $0 0.00%
    American Indian 1 $265,000 $265,000 $0 0.00%
    Not provided 1 $265,000 $265,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.35%

    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
    87.16%

    Lamar National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 109 $43,465,000 $398,761

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    109 $43,465,000 $398,761

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Lamar National Bank 100 Plaza Pl, Suite 100 Argyle, TX 76226 Full Service B&M $28,421
    Lamar National Bank 110 S Preston Rd, Ste 100 Celina, TX 75009 Full Service B&M $42,057
    Lamar National Bank 200 South Collegiate Paris, TX 75460 Full Service B&M $172,927

    For 2021, Lamar National Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,745
    Net interest income $10,054
    Total noninterest income $1,525
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $512
    Trading account gains and fees $0
    Additional Noninterest Income $1,013
    Pre-tax net operating income $1,812
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,454
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,454
    Minority interest net income $0
    Net income $1,454
    Sale, conversion, retirement of capital stock, net $9,525
    Net operating income $1,454

    Lamar National Bank's gross interest income from loans was $10,745,000.
    Lamar National Bank's net interest income from loans was $10,054,000.
    Lamar National Bank's fee based income from loans was $512,000.
    Lamar National Bank's net income from loans was $1,454,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $691
    Provision for credit losses $465
    Total noninterest expense $9,302
    Salaries and employee benefits $5,052
    Premises and equipment expense $1,110
    Additional noninterest expense $3,140
    Applicable income taxes $358
    Net charge-offs $340
    Cash dividends $1,448

    Lamar National Bank's interest expense for loans was $691,000.
    Lamar National Bank's payroll and benefits expense were $5,052,000.
    Lamar National Bank's property, plant and equipment expenses $1,110,000.

    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 $269,388
    Deposits held in domestic offices $269,388
    Deposits by Individuals, partnerships, and corporations $239,518
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $29,829
    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 $138,939
    Demand deposits $129,277
    Nontransaction accounts $130,449
    Money market deposit accounts (MMDAs) $66,028
    Other savings deposits (excluding MMDAs) $42,252
    Total time deposits $22,169
    Total time and savings deposits $140,111
    Noninterest-bearing deposits $160,158
    Interest-bearing deposits $109,230
    Retail deposits $263,052
    IRAs and Keogh plan accounts $7,859
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $303,974
    Cash & Balances due from depository institutions $15,498
    Interest-bearing balances $13,590
    Total securities $71,894
    Federal funds sold & reverse repurchase $1,271
    Net loans and leases $189,529
    Loan and leases loss allowance $2,247
    Trading account assets $0
    Bank premises and fixed assets $13,303
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $12,479

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $303,974
    Total Liabilities $272,097
    Total deposits $269,388
    Interest-bearing deposits $109,230
    Deposits held in domestic offices $269,388
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,709

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $189,529
    Loan and leases loss allowance $2,247
    Total loans and leases (domestic) $191,776
    All real estate loans $153,027
    Real estate loans in domestic offices $153,027
    Construction and development loans $17,457
    Residential 1-4 family construction $3,617
    Other construction, all land development and other land $13,840
    Loans secured by nonfarm nonresidential properties $50,317
    Nonfarm nonresidential secured by owner-occupied properties $26,180
    Commercial real estate & other non-farm, non-residential $24,137
    Multifamily residential real estate $3,484
    1-4 family residential loans $73,447
    Farmland loans $8,322
    Loans held in foreign offices $0
    Farm loans $1,004
    Commercial and industrial loans $33,847
    To non-U.S. addressees $0
    Loans to individuals $2,828
    Credit card loans $327
    Related Plans $62
    Consumer Auto Loans $1,025
    Other loans to individuals $1,414
    All other loans & leases $1,070
    Loans to foreign governments and official institutions $0
    Other loans $90
    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 $1,279
    Non 1-4 family restructured loans & leases $653
    Total loans and leases (foreign) $0

    Lamar National Bank had $189,529,000 of loans outstanding in 2021. $153,027,000 of loans were in real estate loans. $17,457,000 of loans were in development loans. $3,484,000 of loans were in multifamily mortgage loans. $73,447,000 of loans were in 1-4 family mortgage loans. $1,004,000 of loans were in farm loans. $327,000 of loans were in credit card loans. $1,025,000 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 80 $19,831 $247,888
    Nonfarm, nonresidential loans - <$100k 30 $1,836 $61,200
    Nonfarm, nonresidential loans - $100-250k 21 $3,480 $165,714
    Nonfarm, nonresidential loans - $250k-1MM 29 $14,515 $500,517
    Commercial & Industrial, US addressed loans - <$1MM 178 $12,527 $70,376
    Commercial & Industrial, US addressed loans - <$100k 130 $350 $2,692
    Commercial & Industrial, US addressed loans - $100-250k 30 $4,160 $138,667
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $8,017 $445,389
    Farmland loans - <$1MM 28 $4,623 $165,107
    Farmland loans - <$100k 14 $943 $67,357
    Farmland loans - $100-250k 8 $1,456 $182,000
    Farmland loans - $250k-1MM 6 $2,224 $370,667
    Agriculture operations loans - <$1MM 14 $526 $37,571
    Agriculture operations loans - <$100k 12 $31 $2,583
    Agriculture operations loans - $100-250k 1 $231 $231,000
    Agriculture operations loans - $250k-1MM 1 $264 $264,000