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, Rockport, Midland, and Granbury among others. We have data for 9 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

103

Origination Dollar Volume (All Markets)

$39,075,000

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) 84 $34,480,000 $410,476 $0 0.00%
Outside of Metro Areas 8 $2,210,000 $276,250 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $895,000 $298,333 $0 0.00%
Rockport, TX (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Granbury, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $170,000 $85,000 $0 0.00%
Huntsville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Frontier Bank Of Texas's top markets include Austin, San Antonio, Rockport, Midland, and Granbury among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 103 $39,075,000 $379,369 $0 0.00%

    For 2020, Frontier Bank Of Texas's most frequently originated type of loan was Conventional, with 103 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 57 $23,505,000 $412,368 $0 0.00%
    Refi 24 $11,680,000 $486,667 $0 0.00%
    Other 15 $3,265,000 $217,667 $0 0.00%
    Home Improvement 7 $625,000 $89,286 $0 0.00%

    For 2020, Frontier Bank Of Texas's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 103 $39,075,000 $379,369 $0 0.00%

    For 2020, Frontier Bank Of Texas's most frequently cited loan duration was Other, with 103 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 30 $8,690,000 $289,667 $0 0.00%
    $100k-200k 25 $3,745,000 $149,800 $0 0.00%
    $100,000 or less 23 $1,175,000 $51,087 $0 0.00%
    $400k-600k 14 $6,660,000 $475,714 $0 0.00%
    $1MM+ 6 $14,950,000 $2,491,667 $0 0.00%
    $600k-1MM 5 $3,855,000 $771,000 $0 0.00%

    2020 saw Frontier Bank Of Texas place emphasis on $200k-400k loans with 30 originations, totaling $8,690,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 26 $7,180,000 $276,154 $0 0.00%
    $250k+ 18 $10,860,000 $603,333 $0 0.00%
    $100k-150k 17 $3,615,000 $212,647 $0 0.00%
    $75k-100k 13 $2,285,000 $175,769 $0 0.00%
    $50k-75k 8 $1,010,000 $126,250 $0 0.00%
    $50k or less 4 $260,000 $65,000 $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 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 103 $39,075,000 $379,369 $0 0.00%

    Frontier Bank Of Texas lent most frequently to those with DTI ratios of Exempt%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 83 $22,845,000 $275,241 $0 0.00%
    Not applicable 14 $13,770,000 $983,571 $0 0.00%
    Not provided 1 $1,705,000 $1,705,000 $0 0.00%
    Black 4 $540,000 $135,000 $0 0.00%
    Asian 1 $215,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.92%

    Frontier Bank Of Texas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.23%

    Frontier Bank Of Texas has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 103 $39,075,000 $379,369

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $900,000 $225,000
    Single Family (1-4 Units):Site-Built 99 $38,175,000 $385,606

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Frontline Financial, LLC FHA mortgage Closing on a mortgage 1 100.0%

    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 $236,298
    Frontier Bank of Texas 12400 Gregg Manor Road Manor, TX 78653 Full Service B&M $18,292
    Frontier Bank of Texas 1500 Chestnut Bastrop, TX 78602 Full Service B&M $60,821
    Frontier Bank of Texas 2080 Us Hwy 183, Suite 230 Leander, TX 78641 Full Service B&M $5,343
    Frontier Bank of Texas 5600 Burnet Road Austin, TX 78756 Full Service B&M $47,601

    For 2020, Frontier Bank Of Texas had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,285
    Net interest income $15,083
    Total noninterest income $2,636
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $550
    Trading account gains and fees $0
    Additional Noninterest Income $2,086
    Pre-tax net operating income $5,705
    Securities gains (or losses, -) $102
    Income before extraordinary items $4,720
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,720
    Minority interest net income $0
    Net income $4,720
    Sale, conversion, retirement of capital stock, net $12,189
    Net operating income $4,637

    Frontier Bank Of Texas's gross interest income from loans was $18,285,000.
    Frontier Bank Of Texas's net interest income from loans was $15,083,000.
    Frontier Bank Of Texas's fee based income from loans was $550,000.
    Frontier Bank Of Texas's net income from loans was $4,720,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,202
    Provision for credit losses $1,132
    Total noninterest expense $10,882
    Salaries and employee benefits $5,293
    Premises and equipment expense $1,273
    Additional noninterest expense $4,316
    Applicable income taxes $1,087
    Net charge-offs $167
    Cash dividends $1,311

    Frontier Bank Of Texas's interest expense for loans was $3,202,000.
    Frontier Bank Of Texas's payroll and benefits expense were $5,293,000.
    Frontier Bank Of Texas's property, plant and equipment expenses $1,273,000.

    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 $385,182
    Deposits held in domestic offices $385,182
    Deposits by Individuals, partnerships, and corporations $307,513
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $77,190
    Deposits by Commercial banks and other depository institutions in U.S. $479
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $136,058
    Demand deposits $122,938
    Nontransaction accounts $249,124
    Money market deposit accounts (MMDAs) $92,922
    Other savings deposits (excluding MMDAs) $18,134
    Total time deposits $138,069
    Total time and savings deposits $262,244
    Noninterest-bearing deposits $119,844
    Interest-bearing deposits $265,338
    Retail deposits $356,472
    IRAs and Keogh plan accounts $3,547
    Brokered deposits $9,101
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $470,526
    Cash & Balances due from depository institutions $86,420
    Interest-bearing balances $75,485
    Total securities $24,743
    Federal funds sold & reverse repurchase $0
    Net loans and leases $341,488
    Loan and leases loss allowance $2,594
    Trading account assets $0
    Bank premises and fixed assets $14,333
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $3,542

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $470,526
    Total Liabilities $416,838
    Total deposits $385,182
    Interest-bearing deposits $265,338
    Deposits held in domestic offices $385,182
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $30,500
    Subordinated debt $0
    All other liabilities $1,156

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $341,488
    Loan and leases loss allowance $2,594
    Total loans and leases (domestic) $344,082
    All real estate loans $289,830
    Real estate loans in domestic offices $289,830
    Construction and development loans $33,778
    Residential 1-4 family construction $11,386
    Other construction, all land development and other land $22,392
    Loans secured by nonfarm nonresidential properties $145,636
    Nonfarm nonresidential secured by owner-occupied properties $83,323
    Commercial real estate & other non-farm, non-residential $62,313
    Multifamily residential real estate $989
    1-4 family residential loans $88,754
    Farmland loans $20,673
    Loans held in foreign offices $0
    Farm loans $7,435
    Commercial and industrial loans $40,443
    To non-U.S. addressees $0
    Loans to individuals $6,367
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,598
    Other loans to individuals $3,769
    All other loans & leases $255
    Loans to foreign governments and official institutions $0
    Other loans $255
    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 $341,488,000 of loans outstanding in 2020. $289,830,000 of loans were in real estate loans. $33,778,000 of loans were in development loans. $989,000 of loans were in multifamily mortgage loans. $88,754,000 of loans were in 1-4 family mortgage loans. $7,435,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,598,000 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 79 $19,223 $243,329
    Nonfarm, nonresidential loans - <$100k 15 $895 $59,667
    Nonfarm, nonresidential loans - $100-250k 35 $5,395 $154,143
    Nonfarm, nonresidential loans - $250k-1MM 29 $12,933 $445,966
    Commercial & Industrial, US addressed loans - <$1MM 664 $25,164 $37,898
    Commercial & Industrial, US addressed loans - <$100k 565 $10,299 $18,228
    Commercial & Industrial, US addressed loans - $100-250k 67 $7,324 $109,313
    Commercial & Industrial, US addressed loans - $250k-1MM 32 $7,541 $235,656
    Farmland loans - <$1MM 97 $11,756 $121,196
    Farmland loans - <$100k 46 $2,315 $50,326
    Farmland loans - $100-250k 40 $5,849 $146,225
    Farmland loans - $250k-1MM 11 $3,592 $326,545
    Agriculture operations loans - <$1MM 323 $6,170 $19,102
    Agriculture operations loans - <$100k 305 $3,711 $12,167
    Agriculture operations loans - $100-250k 17 $2,034 $119,647
    Agriculture operations loans - $250k-1MM 1 $425 $425,000