Frontier Bank Of Texas Mortgage Rates, Fees & Info

E Elgin, TX

LEI: 254900IHP9HX92C8DX39

Tax ID: 20-8384720

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Frontier Bank Of Texas is a smaller bank specializing in Home Purchase and Refi loans. Frontier Bank Of Texas has a high proportion of conventional loans. Their top markets include Austin, San Antonio, Killeen, College Station, and Corpus Christi among others. Frontier Bank Of Texas has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors.


Originations

135

Origination Dollar Volume (All Markets)

$92,515,000

Employee count

69

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 106 $73,520,000 $693,585 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $11,350,000 $2,837,500 $0 0.00%
Outside of Metro Areas 15 $5,235,000 $349,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $1,230,000 $307,500 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $605,000 $201,667 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Bay City, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%

Frontier Bank Of Texas's top markets include Austin, San Antonio, Killeen, College Station, and Corpus Christi among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 135 $92,515,000 $685,296 $0 0.00%

For the 2021 period, Frontier Bank Of Texas's most frequently originated loan type of loans were Conventional, with 135 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 71 $49,915,000 $703,028 $0 0.00%
Refi 35 $37,425,000 $1,069,286 $0 0.00%
Home Improvement 15 $2,295,000 $153,000 $0 0.00%
Other 14 $2,880,000 $205,714 $0 0.00%

For the 2021, Frontier Bank Of Texas's most frequently cited loan purpose of loans were Home Purchase, with 71 originations. The 2nd most popular reason of loans were Refi, with 35 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 135 $92,515,000 $685,296 $0 0.00%

For the 2021, Frontier Bank Of Texas's most frequently cited loan length of loans were Other, with 135 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 28 $8,100,000 $289,286 $0 0.00%
$100,000 or less 26 $1,670,000 $64,231 $0 0.00%
$400k-600k 23 $10,735,000 $466,739 $0 0.00%
$100k-200k 22 $3,160,000 $143,636 $0 0.00%
$1MM+ 22 $58,290,000 $2,649,545 $0 0.00%
$600k-1MM 14 $10,560,000 $754,286 $0 0.00%

2021 saw Frontier Bank Of Texas place emphasis on $200k-400k loans with 28 originations, totaling $8,100,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 26 $10,250,000 $394,231 $0 0.00%
$250k+ 25 $21,135,000 $845,400 $0 0.00%
$100k-150k 20 $4,780,000 $239,000 $0 0.00%
$50k-75k 11 $1,695,000 $154,091 $0 0.00%
$75k-100k 11 $2,625,000 $238,636 $0 0.00%
$50k or less 8 $500,000 $62,500 $0 0.00%

Frontier Bank Of Texas lent most frequently to those with incomes in the $150k-250k range, with 26 originations. The second most popular income band? $250k+, with 25 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 135 $92,515,000 $685,296 $0 0.00%

Frontier Bank Of Texas lent most frequently to those with DTI ratios of Exempt%, with 135 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 32 $51,400,000 $1,606,250 $0 0.00%
White 94 $38,060,000 $404,894 $0 0.00%
Black 5 $1,305,000 $261,000 $0 0.00%
Not provided 3 $1,005,000 $335,000 $0 0.00%
Asian 1 $745,000 $745,000 $0 0.00%

Approval Rates

Total approvals of all applications
94.52%

Frontier Bank Of Texas has an average approval rate.

Pick Rate

Approvals leading to origination
92.84%

Frontier Bank Of Texas has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 135 $92,515,000 $685,296

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
135 $92,515,000 $685,296

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Fairway Independent Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 11 22.9%
Fairway Independent Mortgage Corporation Conventional home mortgage Closing on a mortgage 3 6.3%
Fairway Independent Mortgage Corporation Conventional home mortgage Struggling to pay mortgage 3 6.3%
Fairway Independent Mortgage Corporation Conventional home mortgage Trouble during payment process 11 22.9%
Fairway Independent Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 4.2%
Fairway Independent Mortgage Corporation FHA mortgage Closing on a mortgage 3 6.3%
Fairway Independent Mortgage Corporation FHA mortgage Struggling to pay mortgage 1 2.1%
Fairway Independent Mortgage Corporation FHA mortgage Trouble during payment process 2 4.2%
Fairway Independent Mortgage Corporation Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.1%
Fairway Independent Mortgage Corporation Other type of mortgage Closing on a mortgage 3 6.3%
Fairway Independent Mortgage Corporation Other type of mortgage Struggling to pay mortgage 1 2.1%
Fairway Independent Mortgage Corporation Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.1%
Fairway Independent Mortgage Corporation VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 4.2%
Fairway Independent Mortgage Corporation VA mortgage Closing on a mortgage 1 2.1%
Fairway Independent Mortgage Corporation VA mortgage Trouble during payment process 3 6.3%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Frontier Bank of Texas 1213 Highway 290 Elgin, TX 78621 Full Service B&M $304,118
Frontier Bank of Texas 12400 Gregg Manor Road Manor, TX 78653 Full Service B&M $22,324
Frontier Bank of Texas 1500 Chestnut Bastrop, TX 78602 Full Service B&M $77,209
Frontier Bank of Texas 2080 Us Hwy 183, Suite 230 Leander, TX 78641 Full Service B&M $9,509
Frontier Bank of Texas 5600 Burnet Road Austin, TX 78756 Full Service B&M $64,558

For 2021, Frontier Bank Of Texas had 5 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $23,578
Net interest income $21,734
Total noninterest income $1,860
Gross Fiduciary activities income $0
Service charges on deposit accounts $564
Trading account gains and fees $0
Additional Noninterest Income $1,296
Pre-tax net operating income $10,552
Securities gains (or losses, -) $0
Income before extraordinary items $8,485
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $8,485
Minority interest net income $0
Net income $8,485
Sale, conversion, retirement of capital stock, net $307
Net operating income $8,485

Frontier Bank Of Texas's gross interest income from loans was $23,578,000.
Frontier Bank Of Texas's net interest income from loans was $21,734,000.
Frontier Bank Of Texas's fee based income from loans was $564,000.
Frontier Bank Of Texas's net income from loans was $8,485,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,844
Provision for credit losses $625
Total noninterest expense $12,417
Salaries and employee benefits $6,092
Premises and equipment expense $1,500
Additional noninterest expense $4,825
Applicable income taxes $2,067
Net charge-offs $110
Cash dividends $4,815

Frontier Bank Of Texas's interest expense for loans was $1,844,000.
Frontier Bank Of Texas's payroll and benefits expense were $6,092,000.
Frontier Bank Of Texas's property, plant and equipment expenses $1,500,000.

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 $531,030
Deposits held in domestic offices $531,030
Deposits by Individuals, partnerships, and corporations $394,599
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $98,262
Deposits by Commercial banks and other depository institutions in U.S. $38,169
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $176,793
Demand deposits $164,328
Nontransaction accounts $354,237
Money market deposit accounts (MMDAs) $146,107
Other savings deposits (excluding MMDAs) $24,233
Total time deposits $183,896
Total time and savings deposits $366,702
Noninterest-bearing deposits $157,710
Interest-bearing deposits $373,319
Retail deposits $493,426
IRAs and Keogh plan accounts $3,610
Brokered deposits $16,761
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $600,003
Cash & Balances due from depository institutions $85,058
Interest-bearing balances $75,656
Total securities $49,743
Federal funds sold & reverse repurchase $0
Net loans and leases $443,335
Loan and leases loss allowance $3,109
Trading account assets $0
Bank premises and fixed assets $17,574
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $4,293

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $600,003
Total Liabilities $542,765
Total deposits $531,030
Interest-bearing deposits $373,319
Deposits held in domestic offices $531,030
% insured (estimated) $75
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $10,500
Subordinated debt $0
All other liabilities $1,235

Issued Loan Types

Type Value (in 000's)
Net loans and leases $443,335
Loan and leases loss allowance $3,109
Total loans and leases (domestic) $446,444
All real estate loans $407,340
Real estate loans in domestic offices $407,340
Construction and development loans $56,187
Residential 1-4 family construction $19,633
Other construction, all land development and other land $36,554
Loans secured by nonfarm nonresidential properties $184,846
Nonfarm nonresidential secured by owner-occupied properties $141,144
Commercial real estate & other non-farm, non-residential $43,702
Multifamily residential real estate $0
1-4 family residential loans $113,680
Farmland loans $52,627
Loans held in foreign offices $0
Farm loans $7,646
Commercial and industrial loans $25,151
To non-U.S. addressees $0
Loans to individuals $6,237
Credit card loans $0
Related Plans $0
Consumer Auto Loans $2,685
Other loans to individuals $3,552
All other loans & leases $212
Loans to foreign governments and official institutions $0
Other loans $212
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

Frontier Bank of Texas had $443,335,000 of loans outstanding in 2021. $407,340,000 of loans were in real estate loans. $56,187,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $113,680,000 of loans were in 1-4 family mortgage loans. $7,646,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,685,000 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 144 $39,728 $275,889
Nonfarm, nonresidential loans - <$100k 27 $1,366 $50,593
Nonfarm, nonresidential loans - $100-250k 54 $7,209 $133,500
Nonfarm, nonresidential loans - $250k-1MM 63 $31,153 $494,492
Commercial & Industrial, US addressed loans - <$1MM 455 $17,184 $37,767
Commercial & Industrial, US addressed loans - <$100k 384 $6,649 $17,315
Commercial & Industrial, US addressed loans - $100-250k 44 $3,829 $87,023
Commercial & Industrial, US addressed loans - $250k-1MM 27 $6,706 $248,370
Farmland loans - <$1MM 81 $9,980 $123,210
Farmland loans - <$100k 35 $1,578 $45,086
Farmland loans - $100-250k 35 $5,047 $144,200
Farmland loans - $250k-1MM 11 $3,355 $305,000
Agriculture operations loans - <$1MM 289 $5,849 $20,239
Agriculture operations loans - <$100k 271 $3,437 $12,683
Agriculture operations loans - $100-250k 13 $1,302 $100,154
Agriculture operations loans - $250k-1MM 5 $1,110 $222,000