First National Bank Of Bosque County Mortgage Rates, Fees & Info

Valley Mills, TX

LEI: 254900REMJXT9T25JI51

Tax ID: 74-0962185

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    First National Bank Of Bosque County is a smaller bank specializing in Home Purchase loans. First National Bank Of Bosque County has a high proportion of conventional loans. Their top markets by origination volume include: Waco, Austin, Gainesville, and Stephenville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First National Bank Of Bosque County 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. First National Bank Of Bosque County is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    15 Year Conventional Purchase 6.41% 5/5/24
    15 Year Conventional Refi 5.89% 5/5/24
    15 Year Cash-out Refi 5.89% 5/5/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    First National Bank Of Bosque County Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First National Bank Of Bosque County. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    47

    Origination Dollar Volume (All Markets)

    $7,605,000

    Employee count

    32

    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
    Outside of Metro Areas 25 $3,485,000 $139,400 $1,945 5.23%
    WACO, TX (FHA|USDA|VA) 19 $3,145,000 $165,526 $1,508 5.03%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $555,000 $555,000 $5,480 5.00%
    Gainesville, TX (FHA|USDA|VA) 1 $355,000 $355,000 $3,229 4.00%
    Stephenville, TX (FHA|USDA|VA) 1 $65,000 $65,000 $1,328 5.00%
    First National Bank Of Bosque County's top markets include Waco, Austin, Gainesville, and Stephenville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 47 $7,605,000 $161,809 $1,865 5.11%

    For 2018, First National Bank Of Bosque County's most frequently originated type of loan was Conventional, with 47 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $5,615,000 $193,621 $2,338 4.96%
    Home Improvement 12 $460,000 $38,333 $1,056 5.55%
    NA 2 $590,000 $295,000 $2,291 4.88%
    Refi 2 $690,000 $345,000 $53 4.75%
    Cash Out Refi 2 $250,000 $125,000 $1,466 5.25%

    For 2018, First National Bank Of Bosque County's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Home Improvement, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 31 $5,815,000 $187,581 $2,131 4.95%
    10 Year 8 $330,000 $41,250 $856 5.57%
    15 Year 3 $245,000 $81,667 $1,420 5.35%
    20 Year 3 $675,000 $225,000 $2,290 5.28%
    1 Year 1 $385,000 $385,000 $1,883 5.00%
    30 Year 1 $155,000 $155,000 $2,009 5.25%

    For 2018, First National Bank Of Bosque County's most frequently cited loan duration was Other, with 31 originations. The 2nd most popular length was 10 Year, with 8 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 23 $1,825,000 $79,348
    4-5% 22 $5,290,000 $240,455
    3-4% 2 $490,000 $245,000

    During 2018, First National Bank Of Bosque County's average interest rate for loans was 5.25%, while their most frequently originated rate bucket for loans was 5-6%, with 23 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 23 $1,135,000 $49,348 $1,239 5.41%
    $100k-200k 12 $1,610,000 $134,167 $1,985 4.92%
    $200k-400k 8 $2,610,000 $326,250 $2,533 4.74%
    $400k-600k 3 $1,545,000 $515,000 $2,607 4.67%
    $600k-1MM 1 $705,000 $705,000 $7,943 4.75%

    2018 saw First National Bank Of Bosque County place emphasis on $100,000 or less loans with 23 originations, totaling $1,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $2,210,000 $157,857 $1,592 4.94%
    $50k or less 11 $795,000 $72,273 $1,145 5.39%
    $50k-75k 7 $565,000 $80,714 $2,059 5.24%
    $75k-100k 6 $430,000 $71,667 $1,438 5.32%
    $250k+ 4 $1,770,000 $442,500 $4,626 5.00%
    $150k-250k 3 $1,245,000 $415,000 $2,362 4.50%

    First National Bank Of Bosque County lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k or less, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 11 $2,055,000 $186,818 $2,308 5.15%
    30-36% 8 $820,000 $102,500 $1,286 5.32%
    <20% 5 $625,000 $125,000 $1,360 5.14%
    40% 3 $785,000 $261,667 $4,623 4.60%
    50-60% 3 $205,000 $68,333 $1,235 5.18%
    39% 3 $315,000 $105,000 $1,638 5.00%
    41% 2 $740,000 $370,000 $2,575 4.75%
    36% 2 $650,000 $325,000 $757 4.88%
    42% 2 $110,000 $55,000 $1,969 5.70%
    43% 1 $125,000 $125,000 $6 5.00%
    46% 1 $155,000 $155,000 $2,009 5.25%
    48% 1 $25,000 $25,000 $929 4.74%
    49% 1 $125,000 $125,000 $1,264 5.00%
    38% 1 $155,000 $155,000 $2,076 5.00%
    >60% 1 $125,000 $125,000 $1,668 5.50%

    First National Bank Of Bosque County lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? 30-36%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 42 $6,790,000 $161,667 $1,775 5.12%
    Not applicable 2 $590,000 $295,000 $2,291 4.88%
    Black 2 $120,000 $60,000 $1,041 5.20%
    Native Hawaiian or Islander 1 $105,000 $105,000 $6,883 4.80%

    Approval Rates

    Total approvals of all applications
    92.98%

    First National Bank Of Bosque County has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.23%

    First National Bank Of Bosque County has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 47 $7,605,000 $161,809

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $135,000 $135,000
    Single Family (1-4 Units):Site-Built 46 $7,470,000 $162,391

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $945,000 $72,692 $1,848 5.52%
    60-80% 11 $2,045,000 $185,909 $1,763 4.84%
    80-100% 14 $3,760,000 $268,571 $2,311 5.00%
    Over 100% 3 $645,000 $215,000 $1,973 4.58%
    Under 20% 5 $185,000 $37,000 $1,098 5.34%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First National Bank of Bosque County 115 South Main Street Meridian, TX 76665 Full Service B&M $8,777
    First National Bank of Bosque County 418 Avenue C Valley Mills, TX 76689 Full Service B&M $53,871
    First National Bank of Bosque County 8213 North Highway 6 Waco, TX 76712 Full Service B&M $21,329
    First National Bank of Bosque County Highway 6 And Riverside Drive Clifton, TX 76634 Full Service B&M $26,793

    For 2018, First National Bank Of Bosque County had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,804
    Net interest income $4,443
    Total noninterest income $820
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $616
    Trading account gains and fees $0
    Additional Noninterest Income $204
    Pre-tax net operating income $1,667
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,667
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,667
    Minority interest net income $0
    Net income $1,667
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,667

    First National Bank Of Bosque County's gross interest income from loans was $4,804,000.
    First National Bank Of Bosque County's net interest income from loans was $4,443,000.
    First National Bank Of Bosque County's fee based income from loans was $616,000.
    First National Bank Of Bosque County's net income from loans was $1,667,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $361
    Provision for credit losses $168
    Total noninterest expense $3,428
    Salaries and employee benefits $1,989
    Premises and equipment expense $278
    Additional noninterest expense $1,161
    Applicable income taxes $0
    Net charge-offs $119
    Cash dividends $990

    First National Bank Of Bosque County's interest expense for loans was $361,000.
    First National Bank Of Bosque County's payroll and benefits expense were $1,989,000.
    First National Bank Of Bosque County's property, plant and equipment expenses $278,000.

    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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 2.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $107,351
    Deposits held in domestic offices $107,351
    Deposits by Individuals, partnerships, and corporations $101,546
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $5,805
    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 $56,923
    Demand deposits $37,370
    Nontransaction accounts $50,428
    Money market deposit accounts (MMDAs) $16,675
    Other savings deposits (excluding MMDAs) $12,011
    Total time deposits $21,742
    Total time and savings deposits $69,981
    Noninterest-bearing deposits $37,037
    Interest-bearing deposits $70,314
    Retail deposits $104,349
    IRAs and Keogh plan accounts $3,409
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $120,737
    Cash & Balances due from depository institutions $21,752
    Interest-bearing balances $17,230
    Total securities $8,317
    Federal funds sold & reverse repurchase $341
    Net loans and leases $84,082
    Loan and leases loss allowance $1,201
    Trading account assets $0
    Bank premises and fixed assets $830
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $5,415

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $120,737
    Total Liabilities $108,018
    Total deposits $107,351
    Interest-bearing deposits $70,314
    Deposits held in domestic offices $107,351
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $426
    Subordinated debt $0
    All other liabilities $241

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $84,082
    Loan and leases loss allowance $1,201
    Total loans and leases (domestic) $85,283
    All real estate loans $55,686
    Real estate loans in domestic offices $55,686
    Construction and development loans $2,848
    Residential 1-4 family construction $491
    Other construction, all land development and other land $2,357
    Loans secured by nonfarm nonresidential properties $9,726
    Nonfarm nonresidential secured by owner-occupied properties $6,192
    Commercial real estate & other non-farm, non-residential $3,534
    Multifamily residential real estate $0
    1-4 family residential loans $34,562
    Farmland loans $8,550
    Loans held in foreign offices $0
    Farm loans $4,206
    Commercial and industrial loans $14,875
    To non-U.S. addressees $0
    Loans to individuals $8,038
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,702
    Other loans to individuals $2,336
    All other loans & leases $2,478
    Loans to foreign governments and official institutions $0
    Other loans $183
    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 $116
    Non 1-4 family restructured loans & leases $116
    Total loans and leases (foreign) $0

    First National Bank of Bosque County had $84,082,000 of loans outstanding in 2018. $55,686,000 of loans were in real estate loans. $2,848,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $34,562,000 of loans were in 1-4 family mortgage loans. $4,206,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,702,000 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 62 $7,103 $114,565
    Nonfarm, nonresidential loans - <$100k 40 $1,610 $40,250
    Nonfarm, nonresidential loans - $100-250k 14 $2,178 $155,571
    Nonfarm, nonresidential loans - $250k-1MM 8 $3,315 $414,375
    Commercial & Industrial, US addressed loans - <$1MM 340 $14,875 $43,750
    Commercial & Industrial, US addressed loans - <$100k 306 $6,348 $20,745
    Commercial & Industrial, US addressed loans - $100-250k 23 $3,377 $146,826
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $5,150 $468,182
    Farmland loans - <$1MM 46 $5,977 $129,935
    Farmland loans - <$100k 24 $1,005 $41,875
    Farmland loans - $100-250k 14 $2,227 $159,071
    Farmland loans - $250k-1MM 8 $2,745 $343,125
    Agriculture operations loans - <$1MM 99 $4,205 $42,475
    Agriculture operations loans - <$100k 86 $1,594 $18,535
    Agriculture operations loans - $100-250k 11 $1,708 $155,273
    Agriculture operations loans - $250k-1MM 2 $903 $451,500