Frontier Bank Of Texas Mortgage Rates, Fees & Info

E Elgin, TX

LEI: 254900IHP9HX92C8DX39

Tax ID: 20-8384720

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Mortgage Data

Bank Data

Review & 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 by origination volume include: Austin, San Antonio, Waco, and Killeen among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Frontier Bank Of Texas 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.

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Originations

110

Origination Dollar Volume (All Markets)

$30,560,000

Employee count

58

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
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 91 $25,925,000 $284,890 $0 0.00%
Outside of Metro Areas 15 $3,535,000 $235,667 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $680,000 $340,000 $0 0.00%
WACO, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Frontier Bank Of Texas's top markets include Austin, San Antonio, Waco, and Killeen among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 110 $30,560,000 $277,818 $0 0.00%

    For 2019, Frontier Bank Of Texas's most frequently originated type of loan was Conventional, with 110 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 65 $20,635,000 $317,462 $0 0.00%
    Refi 25 $7,335,000 $293,400 $0 0.00%
    Other 15 $1,195,000 $79,667 $0 0.00%
    Home Improvement 5 $1,395,000 $279,000 $0 0.00%

    For 2019, Frontier Bank Of Texas's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 110 $30,560,000 $277,818 $0 0.00%

    For 2019, Frontier Bank Of Texas's most frequently cited loan duration was Other, with 110 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 39 $11,085,000 $284,231 $0 0.00%
    $100k-200k 29 $4,125,000 $142,241 $0 0.00%
    $100,000 or less 23 $1,435,000 $62,391 $0 0.00%
    $400k-600k 9 $4,565,000 $507,222 $0 0.00%
    $600k-1MM 8 $6,540,000 $817,500 $0 0.00%
    $1MM+ 2 $2,810,000 $1,405,000 $0 0.00%

    2019 saw Frontier Bank Of Texas place emphasis on $200k-400k loans with 39 originations, totaling $11,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 31 $6,135,000 $197,903 $0 0.00%
    $150k-250k 17 $5,335,000 $313,824 $0 0.00%
    $250k+ 12 $5,120,000 $426,667 $0 0.00%
    $50k-75k 12 $1,690,000 $140,833 $0 0.00%
    $75k-100k 12 $2,000,000 $166,667 $0 0.00%
    $50k or less 6 $470,000 $78,333 $0 0.00%

    Frontier Bank Of Texas lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $150k-250k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 110 $30,560,000 $277,818 $0 0.00%

    Frontier Bank Of Texas lent most frequently to those with DTI ratios of Exempt%, with 110 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 86 $19,610,000 $228,023 $0 0.00%
    Not applicable 18 $9,310,000 $517,222 $0 0.00%
    Not provided 4 $1,140,000 $285,000 $0 0.00%
    Black 2 $500,000 $250,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.35%

    Frontier Bank Of Texas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.64%

    Frontier Bank Of Texas has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 110 $30,560,000 $277,818

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 9 $1,765,000 $196,111
    Single Family (1-4 Units):Site-Built 101 $28,795,000 $285,099

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Fairway Independent Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 6 28.6%
    Fairway Independent Mortgage Corporation Conventional home mortgage Closing on a mortgage 4 19.0%
    Fairway Independent Mortgage Corporation Conventional home mortgage Struggling to pay mortgage 1 4.8%
    Fairway Independent Mortgage Corporation Conventional home mortgage Trouble during payment process 4 19.0%
    Fairway Independent Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 14.3%
    Fairway Independent Mortgage Corporation Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 9.5%
    Fairway Independent Mortgage Corporation VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 4.8%

    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 $188,923
    Frontier Bank of Texas 12400 Gregg Manor Road Manor, TX 78653 Full Service B&M $5,341
    Frontier Bank of Texas 1500 Chestnut Bastrop, TX 78602 Full Service B&M $52,392
    Frontier Bank of Texas 5600 Burnet Road Austin, TX 78756 Full Service B&M $30,509

    For 2019, Frontier Bank Of Texas had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,225
    Net interest income $12,479
    Total noninterest income $1,281
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $573
    Trading account gains and fees $0
    Additional Noninterest Income $708
    Pre-tax net operating income $3,127
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,470
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,470
    Minority interest net income $0
    Net income $2,470
    Sale, conversion, retirement of capital stock, net $215
    Net operating income $2,470

    Frontier Bank Of Texas's gross interest income from loans was $16,225,000.
    Frontier Bank Of Texas's net interest income from loans was $12,479,000.
    Frontier Bank Of Texas's fee based income from loans was $573,000.
    Frontier Bank Of Texas's net income from loans was $2,470,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,746
    Provision for credit losses $919
    Total noninterest expense $9,714
    Salaries and employee benefits $4,609
    Premises and equipment expense $1,168
    Additional noninterest expense $3,937
    Applicable income taxes $657
    Net charge-offs $742
    Cash dividends $10

    Frontier Bank Of Texas's interest expense for loans was $3,746,000.
    Frontier Bank Of Texas's payroll and benefits expense were $4,609,000.
    Frontier Bank Of Texas's property, plant and equipment expenses $1,168,000.

    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $313,371
    Deposits held in domestic offices $313,371
    Deposits by Individuals, partnerships, and corporations $239,428
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $72,291
    Deposits by Commercial banks and other depository institutions in U.S. $1,652
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $82,194
    Demand deposits $75,633
    Nontransaction accounts $231,177
    Money market deposit accounts (MMDAs) $78,115
    Other savings deposits (excluding MMDAs) $12,949
    Total time deposits $140,113
    Total time and savings deposits $237,738
    Noninterest-bearing deposits $75,633
    Interest-bearing deposits $237,738
    Retail deposits $277,645
    IRAs and Keogh plan accounts $3,887
    Brokered deposits $10,970
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $362,484
    Cash & Balances due from depository institutions $43,498
    Interest-bearing balances $38,741
    Total securities $14,580
    Federal funds sold & reverse repurchase $85
    Net loans and leases $288,837
    Loan and leases loss allowance $1,628
    Trading account assets $0
    Bank premises and fixed assets $13,370
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,114

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $362,484
    Total Liabilities $325,015
    Total deposits $313,371
    Interest-bearing deposits $237,738
    Deposits held in domestic offices $313,371
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,500
    Subordinated debt $0
    All other liabilities $1,144

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $288,837
    Loan and leases loss allowance $1,628
    Total loans and leases (domestic) $290,465
    All real estate loans $252,107
    Real estate loans in domestic offices $252,107
    Construction and development loans $30,285
    Residential 1-4 family construction $14,465
    Other construction, all land development and other land $15,820
    Loans secured by nonfarm nonresidential properties $123,896
    Nonfarm nonresidential secured by owner-occupied properties $78,318
    Commercial real estate & other non-farm, non-residential $45,578
    Multifamily residential real estate $995
    1-4 family residential loans $76,168
    Farmland loans $20,763
    Loans held in foreign offices $0
    Farm loans $7,736
    Commercial and industrial loans $24,099
    To non-U.S. addressees $0
    Loans to individuals $6,272
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,880
    Other loans to individuals $3,392
    All other loans & leases $251
    Loans to foreign governments and official institutions $0
    Other loans $251
    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 $288,837,000 of loans outstanding in 2019. $252,107,000 of loans were in real estate loans. $30,285,000 of loans were in development loans. $995,000 of loans were in multifamily mortgage loans. $76,168,000 of loans were in 1-4 family mortgage loans. $7,736,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,880,000 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 136 $34,707 $255,199
    Nonfarm, nonresidential loans - <$100k 35 $1,896 $54,171
    Nonfarm, nonresidential loans - $100-250k 48 $7,230 $150,625
    Nonfarm, nonresidential loans - $250k-1MM 53 $25,581 $482,660
    Commercial & Industrial, US addressed loans - <$1MM 518 $14,471 $27,936
    Commercial & Industrial, US addressed loans - <$100k 465 $7,632 $16,413
    Commercial & Industrial, US addressed loans - $100-250k 38 $4,076 $107,263
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $2,763 $184,200
    Farmland loans - <$1MM 97 $11,430 $117,835
    Farmland loans - <$100k 47 $2,327 $49,511
    Farmland loans - $100-250k 39 $5,601 $143,615
    Farmland loans - $250k-1MM 11 $3,502 $318,364
    Agriculture operations loans - <$1MM 357 $6,944 $19,451
    Agriculture operations loans - <$100k 340 $4,178 $12,288
    Agriculture operations loans - $100-250k 15 $1,955 $130,333
    Agriculture operations loans - $250k-1MM 2 $811 $405,500