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, Stephenville, College Station, and Dallas 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 average approval rate when compared to the average across all lenders. They have an above 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% 12/17/24
    15 Year Conventional Refi 5.89% 12/17/24
    15 Year Cash-out Refi 5.89% 12/17/24
    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

    62

    Origination Dollar Volume (All Markets)

    $10,610,000

    Employee count

    35

    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 $5,105,000 $137,973 $1,769 4.15%
    WACO, TX (FHA|USDA|VA) 22 $4,900,000 $222,727 $2,289 4.04%
    Stephenville, TX (FHA|USDA|VA) 1 $215,000 $215,000 $2,595 4.00%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $205,000 $205,000 $2,088 3.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $185,000 $185,000 $2,485 4.00%
    First National Bank Of Bosque County's top markets include Waco, Stephenville, College Station, and Dallas among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 62 $10,610,000 $171,129 $1,984 4.10%

    For 2021, First National Bank Of Bosque County's most frequently originated type of loan was Conventional, with 62 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $8,565,000 $190,333 $2,195 4.05%
    Home Improvement 11 $745,000 $67,727 $944 4.32%
    Refi 6 $1,300,000 $216,667 $2,304 4.02%

    For 2021, First National Bank Of Bosque County's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Home Improvement, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 48 $8,840,000 $184,167 $2,101 4.06%
    10 Year 9 $685,000 $76,111 $1,178 4.52%
    15 Year 2 $420,000 $210,000 $2,343 3.48%
    1 Year 1 $265,000 $265,000 $3,196 3.75%
    20 Year 1 $55,000 $55,000 $800 3.70%
    30 Year 1 $345,000 $345,000 $2,852 4.30%

    For 2021, First National Bank Of Bosque County's most frequently cited loan duration was Other, with 48 originations. The 2nd most popular length was 10 Year, with 9 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 42 $8,160,000 $194,286
    4-5% 19 $2,365,000 $124,474
    5-6% 1 $85,000 $85,000

    During 2021, First National Bank Of Bosque County's average interest rate for loans was 4.30%, while their most frequently originated rate bucket for loans was 3-4%, with 42 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 29 $1,785,000 $61,552 $1,162 4.24%
    $200k-400k 16 $4,610,000 $288,125 $2,801 3.93%
    $100k-200k 13 $1,895,000 $145,769 $1,752 4.01%
    $400k-600k 3 $1,335,000 $445,000 $4,108 4.17%
    $600k-1MM 1 $985,000 $985,000 $9,347 3.50%

    2021 saw First National Bank Of Bosque County place emphasis on $100,000 or less loans with 29 originations, totaling $1,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $1,970,000 $197,000 $2,341 4.16%
    $50k or less 10 $680,000 $68,000 $1,358 4.15%
    $150k-250k 9 $1,265,000 $140,556 $1,780 3.97%
    $250k+ 9 $2,485,000 $276,111 $2,403 3.89%
    $50k-75k 7 $1,105,000 $157,857 $2,004 4.16%
    $75k-100k 7 $1,125,000 $160,714 $1,779 4.26%

    First National Bank Of Bosque County lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $50k or less, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 17 $2,815,000 $165,588 $1,915 4.01%
    30-36% 13 $2,255,000 $173,462 $1,890 4.17%
    <20% 6 $810,000 $135,000 $1,523 4.26%
    39% 4 $630,000 $157,500 $2,101 4.04%
    41% 3 $275,000 $91,667 $1,386 4.33%
    36% 2 $410,000 $205,000 $2,201 4.25%
    43% 2 $400,000 $200,000 $2,072 4.00%
    >60% 1 $135,000 $135,000 $1,775 3.35%
    38% 1 $95,000 $95,000 $1,951 4.00%
    40% 1 $325,000 $325,000 $3,911 3.75%
    42% 1 $215,000 $215,000 $2,595 4.00%
    50-60% 1 $265,000 $265,000 $3,512 4.00%

    First National Bank Of Bosque County lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? 30-36%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 45 $8,105,000 $180,111 $2,034 4.05%
    Not applicable 10 $1,980,000 $198,000 $2,186 4.13%
    Asian 1 $185,000 $185,000 $2,485 4.00%
    Other Pacific Islander 2 $100,000 $50,000 $975 4.13%
    Native Hawaiian or Islander 2 $90,000 $45,000 $1,329 4.25%
    American Indian 1 $85,000 $85,000 $1,231 5.10%
    Black 1 $65,000 $65,000 $1,258 4.50%

    Approval Rates

    Total approvals of all applications
    83.33%

    First National Bank Of Bosque County has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    95.16%

    First National Bank Of Bosque County has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 62 $10,610,000 $171,129

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    62 $10,610,000 $171,129

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $330,000 $55,000 $1,063 4.26%
    40-60% 4 $530,000 $132,500 $1,610 4.25%
    60-80% 27 $5,425,000 $200,926 $2,332 4.11%
    80-100% 21 $4,095,000 $195,000 $2,161 4.05%
    Under 20% 4 $230,000 $57,500 $453 3.88%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 1 25.0%
    FIRST NATIONAL BANK OF OMAHA FHA mortgage Improper use of your report 1 25.0%
    FIRST NATIONAL BANK OF OMAHA Other type of mortgage Struggling to pay mortgage 1 25.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%

    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 $9,621
    First National Bank of Bosque County 418 Avenue C Valley Mills, TX 76689 Full Service B&M $62,464
    First National Bank of Bosque County 8213 North Highway 6 Waco, TX 76712 Full Service B&M $33,467
    First National Bank of Bosque County Highway 6 And Riverside Drive Clifton, TX 76634 Full Service B&M $40,613

    For 2021, First National Bank Of Bosque County had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,390
    Net interest income $5,096
    Total noninterest income $1,054
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $670
    Trading account gains and fees $0
    Additional Noninterest Income $384
    Pre-tax net operating income $1,699
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,699
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,699
    Minority interest net income $0
    Net income $1,699
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,699

    First National Bank Of Bosque County's gross interest income from loans was $5,390,000.
    First National Bank Of Bosque County's net interest income from loans was $5,096,000.
    First National Bank Of Bosque County's fee based income from loans was $670,000.
    First National Bank Of Bosque County's net income from loans was $1,699,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $294
    Provision for credit losses $618
    Total noninterest expense $3,833
    Salaries and employee benefits $2,162
    Premises and equipment expense $286
    Additional noninterest expense $1,385
    Applicable income taxes $0
    Net charge-offs $478
    Cash dividends $490

    First National Bank Of Bosque County's interest expense for loans was $294,000.
    First National Bank Of Bosque County's payroll and benefits expense were $2,162,000.
    First National Bank Of Bosque County's property, plant and equipment expenses $286,000.

    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 3.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $160,661
    Deposits held in domestic offices $160,661
    Deposits by Individuals, partnerships, and corporations $153,376
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $7,285
    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 $87,921
    Demand deposits $60,082
    Nontransaction accounts $72,740
    Money market deposit accounts (MMDAs) $29,022
    Other savings deposits (excluding MMDAs) $21,470
    Total time deposits $22,248
    Total time and savings deposits $100,579
    Noninterest-bearing deposits $58,964
    Interest-bearing deposits $101,697
    Retail deposits $155,345
    IRAs and Keogh plan accounts $3,167
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $176,542
    Cash & Balances due from depository institutions $36,768
    Interest-bearing balances $31,666
    Total securities $22,036
    Federal funds sold & reverse repurchase $12,996
    Net loans and leases $98,230
    Loan and leases loss allowance $1,551
    Trading account assets $0
    Bank premises and fixed assets $795
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $5,717

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $176,542
    Total Liabilities $161,214
    Total deposits $160,661
    Interest-bearing deposits $101,697
    Deposits held in domestic offices $160,661
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $334
    Subordinated debt $0
    All other liabilities $219

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $98,230
    Loan and leases loss allowance $1,551
    Total loans and leases (domestic) $99,781
    All real estate loans $68,119
    Real estate loans in domestic offices $68,119
    Construction and development loans $3,184
    Residential 1-4 family construction $1,857
    Other construction, all land development and other land $1,327
    Loans secured by nonfarm nonresidential properties $11,228
    Nonfarm nonresidential secured by owner-occupied properties $6,907
    Commercial real estate & other non-farm, non-residential $4,321
    Multifamily residential real estate $0
    1-4 family residential loans $40,616
    Farmland loans $13,091
    Loans held in foreign offices $0
    Farm loans $3,539
    Commercial and industrial loans $19,984
    To non-U.S. addressees $0
    Loans to individuals $7,664
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,384
    Other loans to individuals $2,280
    All other loans & leases $475
    Loans to foreign governments and official institutions $0
    Other loans $95
    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 $57
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First National Bank of Bosque County had $98,230,000 of loans outstanding in 2021. $68,119,000 of loans were in real estate loans. $3,184,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $40,616,000 of loans were in 1-4 family mortgage loans. $3,539,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,384,000 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 51 $6,212 $121,804
    Nonfarm, nonresidential loans - <$100k 31 $927 $29,903
    Nonfarm, nonresidential loans - $100-250k 11 $1,696 $154,182
    Nonfarm, nonresidential loans - $250k-1MM 9 $3,589 $398,778
    Commercial & Industrial, US addressed loans - <$1MM 375 $17,984 $47,957
    Commercial & Industrial, US addressed loans - <$100k 328 $6,962 $21,226
    Commercial & Industrial, US addressed loans - $100-250k 31 $4,838 $156,065
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $6,184 $386,500
    Farmland loans - <$1MM 44 $6,483 $147,341
    Farmland loans - <$100k 21 $990 $47,143
    Farmland loans - $100-250k 13 $2,104 $161,846
    Farmland loans - $250k-1MM 10 $3,389 $338,900
    Agriculture operations loans - <$1MM 74 $2,009 $27,149
    Agriculture operations loans - <$100k 71 $1,408 $19,831
    Agriculture operations loans - $100-250k 2 $338 $169,000
    Agriculture operations loans - $250k-1MM 1 $263 $263,000