First Texoma National Bank Mortgage Rates, Fees & Info
Durant, OKLEI: 254900FP6SX9QWAB1J85
Tax ID: 73-0222325
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Mortgage Data
Bank Data
Review & Overview
First Texoma National Bank is a smaller bank specializing in Home Purchase, Refi, and Other loans. First Texoma National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Durant, Sherman, Dallas, and Ardmore among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)First Texoma National Bank 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
90Origination Dollar Volume (All Markets)
$13,120,000Employee count
59Top 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 |
|---|---|---|---|---|---|
| Durant, OK (FHA|USDA|VA) | 61 | $8,095,000 | $132,705 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 16 | $2,970,000 | $185,625 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $1,535,000 | $139,545 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 90 | $13,120,000 | $145,778 | $0 | 0.00% |
For 2021, First Texoma National Bank's most frequently originated type of loan was Conventional, with 90 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 52 | $7,120,000 | $136,923 | $0 | 0.00% |
| Refi | 22 | $2,860,000 | $130,000 | $0 | 0.00% |
| Other | 16 | $3,140,000 | $196,250 | $0 | 0.00% |
For 2021, First Texoma National Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 90 | $13,120,000 | $145,778 | $0 | 0.00% |
For 2021, First Texoma National Bank's most frequently cited loan duration was Other, with 90 originations.
Loan Sizing
2021 saw First Texoma National Bank place emphasis on $100,000 or less loans with 45 originations, totaling $2,675,000 in origination value.
Applicant Income
First Texoma National Bank lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $100k-150k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 90 | $13,120,000 | $145,778 | $0 | 0.00% |
First Texoma National Bank lent most frequently to those with DTI ratios of Exempt%, with 90 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.79%
First Texoma National Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.56%
First Texoma National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 90 | $13,120,000 | $145,778 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Other type of mortgage | Struggling to pay mortgage | 1 | 25.0% |
| FIRST NATIONAL BANK OF OMAHA | FHA mortgage | Improper use of your report | 1 | 25.0% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Texoma National Bank | 1825 West University Boulevard Durant, OK 74701 | Full Service B&M | $42,955 |
| First Texoma National Bank | 220 West Main Street Durant, OK 74701 | Full Service B&M | $108,869 |
| First Texoma National Bank | 2626 Loy Lake Rd Sherman, TX 75091 | Full Service B&M | $26,530 |
| First Texoma National Bank | 420 West Main Street Durant, OK 74701 | Limited, Drive-thru | $0 |
| First Texoma National Bank | 615 Hunter Boswell, OK 74727 | Full Service B&M | $17,014 |
For 2021, First Texoma National Bank had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $8,689 |
| Net interest income | $8,315 |
| Total noninterest income | $1,487 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $582 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $905 |
| Pre-tax net operating income | $2,396 |
| Securities gains (or losses, -) | $32 |
| Income before extraordinary items | $1,949 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,949 |
| Minority interest net income | $0 |
| Net income | $1,949 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,923 |
First Texoma National Bank's gross interest income from loans was $8,689,000.
First Texoma National Bank's net interest income from loans was $8,315,000.
First Texoma National Bank's fee based income from loans was $582,000.
First Texoma National Bank's net income from loans was $1,949,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $374 |
| Provision for credit losses | $200 |
| Total noninterest expense | $7,206 |
| Salaries and employee benefits | $4,195 |
| Premises and equipment expense | $922 |
| Additional noninterest expense | $2,089 |
| Applicable income taxes | $479 |
| Net charge-offs | $360 |
| Cash dividends | $750 |
First Texoma National Bank's interest expense for loans was $374,000.
First Texoma National Bank's payroll and benefits expense were $4,195,000.
First Texoma National Bank's property, plant and equipment expenses $922,000.
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 | 1.0% |
| 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 | $200,608 |
| Deposits held in domestic offices | $200,608 |
| Deposits by Individuals, partnerships, and corporations | $193,367 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $7,240 |
| 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 | $112,712 |
| Demand deposits | $75,784 |
| Nontransaction accounts | $87,896 |
| Money market deposit accounts (MMDAs) | $30,366 |
| Other savings deposits (excluding MMDAs) | $27,983 |
| Total time deposits | $29,546 |
| Total time and savings deposits | $124,824 |
| Noninterest-bearing deposits | $75,785 |
| Interest-bearing deposits | $124,823 |
| Retail deposits | $195,015 |
| IRAs and Keogh plan accounts | $7,198 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $224,229 |
| Cash & Balances due from depository institutions | $7,956 |
| Interest-bearing balances | $4,506 |
| Total securities | $67,922 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $140,512 |
| Loan and leases loss allowance | $1,986 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,496 |
| Other real estate owned | $1,827 |
| Goodwill and other intangibles | $460 |
| All other assets | $2,056 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $224,229 |
| Total Liabilities | $200,975 |
| Total deposits | $200,608 |
| Interest-bearing deposits | $124,823 |
| Deposits held in domestic offices | $200,608 |
| % insured (estimated) | $82 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $367 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $140,512 |
| Loan and leases loss allowance | $1,986 |
| Total loans and leases (domestic) | $142,498 |
| All real estate loans | $118,424 |
| Real estate loans in domestic offices | $118,424 |
| Construction and development loans | $21,493 |
| Residential 1-4 family construction | $5,950 |
| Other construction, all land development and other land | $15,543 |
| Loans secured by nonfarm nonresidential properties | $34,226 |
| Nonfarm nonresidential secured by owner-occupied properties | $17,938 |
| Commercial real estate & other non-farm, non-residential | $16,288 |
| Multifamily residential real estate | $1,735 |
| 1-4 family residential loans | $47,969 |
| Farmland loans | $13,001 |
| Loans held in foreign offices | $0 |
| Farm loans | $3,454 |
| Commercial and industrial loans | $10,390 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $10,104 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $5,223 |
| Other loans to individuals | $4,881 |
| All other loans & leases | $126 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $126 |
| 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 | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
First Texoma National Bank had $140,512,000 of loans outstanding in 2021. $118,424,000 of loans were in real estate loans. $21,493,000 of loans were in development loans. $1,735,000 of loans were in multifamily mortgage loans. $47,969,000 of loans were in 1-4 family mortgage loans. $3,454,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,223,000 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 | 114 | $26,221 | $230,009 |
| Nonfarm, nonresidential loans - <$100k | 27 | $1,259 | $46,630 |
| Nonfarm, nonresidential loans - $100-250k | 30 | $4,161 | $138,700 |
| Nonfarm, nonresidential loans - $250k-1MM | 57 | $20,801 | $364,930 |
| Commercial & Industrial, US addressed loans - <$1MM | 115 | $8,477 | $73,713 |
| Commercial & Industrial, US addressed loans - <$100k | 85 | $2,423 | $28,506 |
| Commercial & Industrial, US addressed loans - $100-250k | 9 | $844 | $93,778 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 21 | $5,210 | $248,095 |
| Farmland loans - <$1MM | 61 | $5,269 | $86,377 |
| Farmland loans - <$100k | 36 | $1,115 | $30,972 |
| Farmland loans - $100-250k | 20 | $2,667 | $133,350 |
| Farmland loans - $250k-1MM | 5 | $1,487 | $297,400 |
| Agriculture operations loans - <$1MM | 121 | $3,454 | $28,545 |
| Agriculture operations loans - <$100k | 107 | $1,900 | $17,757 |
| Agriculture operations loans - $100-250k | 13 | $1,302 | $100,154 |
| Agriculture operations loans - $250k-1MM | 1 | $252 | $252,000 |