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, and Killeen among others. We have data for 4 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 about average 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

    65

    Origination Dollar Volume (All Markets)

    $7,525,000

    Employee count

    33

    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 37 $4,415,000 $119,324 $1,560 4.55%
    WACO, TX (FHA|USDA|VA) 26 $2,990,000 $115,000 $1,378 4.82%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $85,000 $85,000 $999 5.00%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $35,000 $35,000 $1,380 4.80%
    First National Bank Of Bosque County's top markets include Waco, Austin, and Killeen among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 65 $7,525,000 $115,769 $1,476 4.67%

    For 2020, First National Bank Of Bosque County's most frequently originated type of loan was Conventional, with 65 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 36 $5,260,000 $146,111 $1,900 4.51%
    Home Improvement 17 $1,145,000 $67,353 $856 5.01%
    Refi 8 $780,000 $97,500 $1,175 4.61%
    Cash Out Refi 3 $265,000 $88,333 $947 4.85%
    Other 1 $75,000 $75,000 $726 4.50%

    For 2020, First National Bank Of Bosque County's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Home Improvement, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 21 $1,385,000 $65,952 $982 4.97%
    20 Year 12 $1,580,000 $131,667 $1,661 4.43%
    Other 11 $1,845,000 $167,727 $1,739 4.57%
    15 Year 10 $520,000 $52,000 $1,146 4.94%
    30 Year 10 $2,010,000 $201,000 $2,182 4.23%
    1 Year 1 $185,000 $185,000 $2,964 4.25%

    For 2020, First National Bank Of Bosque County's most frequently cited loan duration was 10 Year, with 21 originations. The 2nd most popular length was 20 Year, with 12 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 38 $4,470,000 $117,632
    3-4% 15 $2,595,000 $173,000
    5-6% 9 $355,000 $39,444
    6-7% 3 $105,000 $35,000

    During 2020, First National Bank Of Bosque County's average interest rate for loans was 4.23%, while their most frequently originated rate bucket for loans was 4-5%, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 38 $1,990,000 $52,368 $1,006 4.98%
    $100k-200k 19 $2,605,000 $137,105 $1,621 4.28%
    $200k-400k 6 $1,430,000 $238,333 $2,501 4.15%
    $400k-600k 1 $535,000 $535,000 $5,055 3.75%
    $600k-1MM 1 $965,000 $965,000 $6,860 4.40%

    2020 saw First National Bank Of Bosque County place emphasis on $100,000 or less loans with 38 originations, totaling $1,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 15 $2,395,000 $159,667 $1,874 4.60%
    $100k-150k 13 $1,405,000 $108,077 $1,287 4.79%
    $50k-75k 13 $1,295,000 $99,615 $1,374 4.78%
    $50k or less 12 $630,000 $52,500 $1,014 4.77%
    $150k-250k 8 $1,360,000 $170,000 $1,913 4.19%
    $250k+ 4 $440,000 $110,000 $1,442 4.88%

    First National Bank Of Bosque County lent most frequently to those with incomes in the $75k-100k range, with 15 originations. The second most popular income band? $100k-150k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 18 $1,510,000 $83,889 $1,311 4.41%
    30-36% 16 $1,840,000 $115,000 $1,485 4.78%
    42% 6 $500,000 $83,333 $1,079 5.03%
    <20% 6 $690,000 $115,000 $1,669 4.49%
    50-60% 3 $1,175,000 $391,667 $2,683 5.05%
    37% 3 $355,000 $118,333 $1,642 4.53%
    43% 2 $120,000 $60,000 $575 4.75%
    41% 2 $350,000 $175,000 $1,882 4.13%
    39% 2 $160,000 $80,000 $1,562 5.25%
    40% 2 $170,000 $85,000 $1,681 4.80%
    45% 2 $180,000 $90,000 $806 5.25%
    36% 2 $250,000 $125,000 $2,028 4.78%
    47% 1 $225,000 $225,000 $2,048 4.20%

    First National Bank Of Bosque County lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? 30-36%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 61 $7,375,000 $120,902 $1,515 4.65%
    Native Hawaiian or Islander 2 $110,000 $55,000 $1,070 4.53%
    American Indian 1 $25,000 $25,000 $856 4.60%
    Black 1 $15,000 $15,000 $538 6.35%

    Approval Rates

    Total approvals of all applications
    92.41%

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

    Pick Rate

    Approvals leading to origination
    87.69%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 65 $7,525,000 $115,769

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 65 $7,525,000 $115,769

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $835,000 $92,778 $1,190 4.56%
    40-60% 10 $820,000 $82,000 $1,211 4.71%
    60-80% 18 $2,270,000 $126,111 $1,729 4.68%
    80-100% 16 $3,020,000 $188,750 $2,084 4.30%
    Under 20% 12 $580,000 $48,333 $720 5.20%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 2 28.6%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 2 28.6%
    FIRST NATIONAL BANK OF OMAHA FHA mortgage Struggling to pay mortgage 1 14.3%
    FIRST NATIONAL BANK OF OMAHA Other type of mortgage Trouble during payment process 1 14.3%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%

    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 $9,517
    First National Bank of Bosque County 418 Avenue C Valley Mills, TX 76689 Full Service B&M $54,226
    First National Bank of Bosque County 8213 North Highway 6 Waco, TX 76712 Full Service B&M $27,793
    First National Bank of Bosque County Highway 6 And Riverside Drive Clifton, TX 76634 Full Service B&M $37,779

    For 2020, First National Bank Of Bosque County had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,146
    Net interest income $4,757
    Total noninterest income $915
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $587
    Trading account gains and fees $0
    Additional Noninterest Income $328
    Pre-tax net operating income $1,365
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,365
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,365
    Minority interest net income $0
    Net income $1,365
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,365

    First National Bank Of Bosque County's gross interest income from loans was $5,146,000.
    First National Bank Of Bosque County's net interest income from loans was $4,757,000.
    First National Bank Of Bosque County's fee based income from loans was $587,000.
    First National Bank Of Bosque County's net income from loans was $1,365,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $389
    Provision for credit losses $430
    Total noninterest expense $3,877
    Salaries and employee benefits $2,175
    Premises and equipment expense $289
    Additional noninterest expense $1,413
    Applicable income taxes $0
    Net charge-offs $344
    Cash dividends $720

    First National Bank Of Bosque County's interest expense for loans was $389,000.
    First National Bank Of Bosque County's payroll and benefits expense were $2,175,000.
    First National Bank Of Bosque County's property, plant and equipment expenses $289,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 5.0%
    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 $136,987
    Deposits held in domestic offices $136,987
    Deposits by Individuals, partnerships, and corporations $133,114
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,873
    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 $66,671
    Demand deposits $46,508
    Nontransaction accounts $70,316
    Money market deposit accounts (MMDAs) $30,266
    Other savings deposits (excluding MMDAs) $17,504
    Total time deposits $22,546
    Total time and savings deposits $90,479
    Noninterest-bearing deposits $45,481
    Interest-bearing deposits $91,506
    Retail deposits $132,444
    IRAs and Keogh plan accounts $3,110
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $151,902
    Cash & Balances due from depository institutions $33,182
    Interest-bearing balances $27,441
    Total securities $7,772
    Federal funds sold & reverse repurchase $9,221
    Net loans and leases $95,556
    Loan and leases loss allowance $1,411
    Trading account assets $0
    Bank premises and fixed assets $770
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $5,401

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $151,902
    Total Liabilities $137,602
    Total deposits $136,987
    Interest-bearing deposits $91,506
    Deposits held in domestic offices $136,987
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $363
    Subordinated debt $0
    All other liabilities $252

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $95,556
    Loan and leases loss allowance $1,411
    Total loans and leases (domestic) $96,967
    All real estate loans $60,500
    Real estate loans in domestic offices $60,500
    Construction and development loans $2,998
    Residential 1-4 family construction $1,021
    Other construction, all land development and other land $1,977
    Loans secured by nonfarm nonresidential properties $10,314
    Nonfarm nonresidential secured by owner-occupied properties $7,027
    Commercial real estate & other non-farm, non-residential $3,287
    Multifamily residential real estate $0
    1-4 family residential loans $38,531
    Farmland loans $8,657
    Loans held in foreign offices $0
    Farm loans $4,228
    Commercial and industrial loans $24,318
    To non-U.S. addressees $0
    Loans to individuals $7,345
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,055
    Other loans to individuals $2,290
    All other loans & leases $576
    Loans to foreign governments and official institutions $0
    Other loans $33
    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 National Bank of Bosque County had $95,556,000 of loans outstanding in 2020. $60,500,000 of loans were in real estate loans. $2,998,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $38,531,000 of loans were in 1-4 family mortgage loans. $4,228,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,055,000 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 53 $6,238 $117,698
    Nonfarm, nonresidential loans - <$100k 35 $1,332 $38,057
    Nonfarm, nonresidential loans - $100-250k 10 $1,656 $165,600
    Nonfarm, nonresidential loans - $250k-1MM 8 $3,250 $406,250
    Commercial & Industrial, US addressed loans - <$1MM 394 $20,872 $52,975
    Commercial & Industrial, US addressed loans - <$100k 342 $7,038 $20,579
    Commercial & Industrial, US addressed loans - $100-250k 32 $5,024 $157,000
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $8,810 $440,500
    Farmland loans - <$1MM 44 $5,151 $117,068
    Farmland loans - <$100k 25 $1,105 $44,200
    Farmland loans - $100-250k 13 $1,942 $149,385
    Farmland loans - $250k-1MM 6 $2,104 $350,667
    Agriculture operations loans - <$1MM 88 $3,696 $42,000
    Agriculture operations loans - <$100k 80 $1,957 $24,463
    Agriculture operations loans - $100-250k 4 $534 $133,500
    Agriculture operations loans - $250k-1MM 4 $1,205 $301,250