Classic Bank Mortgage Rates, Fees & Info

Cameron, TX

LEI: 254900XJUBW1WCO2J645

Tax ID: 74-0540728

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Mortgage Data

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

    Classic Bank is a smaller bank specializing in Home Purchase loans. Classic Bank has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Waco, San Antonio, Killeen, and Dallas among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Classic Bank 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.

    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.

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    Originations

    120

    Origination Dollar Volume (All Markets)

    $27,510,000

    Employee count

    86

    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 63 $11,255,000 $178,651 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 28 $9,560,000 $341,429 $0 0.00%
    WACO, TX (FHA|USDA|VA) 17 $3,175,000 $186,765 $0 0.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $1,300,000 $650,000 $0 0.00%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 5 $795,000 $159,000 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $585,000 $585,000 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $500,000 $250,000 $0 0.00%
    Brenham, TX (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
    Classic Bank's top markets include Austin, Waco, San Antonio, Killeen, 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 120 $27,510,000 $229,250 $0 0.00%

    For 2018, Classic Bank's most frequently originated type of loan was Conventional, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 78 $21,850,000 $280,128 $0 0.00%
    Home Improvement 23 $3,305,000 $143,696 $0 0.00%
    Refi 14 $1,760,000 $125,714 $0 0.00%
    Other 5 $595,000 $119,000 $0 0.00%

    For 2018, Classic Bank's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Home Improvement, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 120 $27,510,000 $229,250 $0 0.00%

    For 2018, Classic Bank's most frequently cited loan duration was Other, with 120 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 38 $2,610,000 $68,684 $0 0.00%
    $100k-200k 37 $5,295,000 $143,108 $0 0.00%
    $200k-400k 32 $9,060,000 $283,125 $0 0.00%
    $400k-600k 8 $3,620,000 $452,500 $0 0.00%
    $1MM+ 3 $5,415,000 $1,805,000 $0 0.00%
    $600k-1MM 2 $1,510,000 $755,000 $0 0.00%

    2018 saw Classic Bank place emphasis on $100,000 or less loans with 38 originations, totaling $2,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 33 $5,845,000 $177,121 $0 0.00%
    $75k-100k 22 $3,940,000 $179,091 $0 0.00%
    $150k-250k 16 $4,100,000 $256,250 $0 0.00%
    $50k-75k 15 $1,645,000 $109,667 $0 0.00%
    $50k or less 11 $965,000 $87,727 $0 0.00%
    $250k+ 7 $3,335,000 $476,429 $0 0.00%

    Classic Bank lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $75k-100k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 120 $27,510,000 $229,250 $0 0.00%

    Classic Bank lent most frequently to those with DTI ratios of Exempt%, with 120 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 103 $19,635,000 $190,631 $0 0.00%
    Not applicable 12 $6,920,000 $576,667 $0 0.00%
    Asian 2 $640,000 $320,000 $0 0.00%
    Black 3 $315,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.85%

    Classic Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.17%

    Classic Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 120 $27,510,000 $229,250

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $5,480,000 $1,370,000
    Single Family (1-4 Units):Manufactured 5 $475,000 $95,000
    Single Family (1-4 Units):Site-Built 111 $21,555,000 $194,189

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Classic Bank, National Association 102 North Houston Street Cameron, TX 76520 Full Service B&M $103,331
    Classic Bank, National Association 12251 West State Highway 29 Liberty Hill, TX 78642 Full Service B&M $22,906
    Classic Bank, National Association 1707 West Cameron Rockdale, TX 76567 Full Service B&M $43,427
    Classic Bank, National Association 198 W Ave B Rosebud, TX 76570 Full Service B&M $45,324
    Classic Bank, National Association 493 Highway 71 W Bastrop, TX 78602 Full Service B&M $15,316
    Classic Bank, National Association 825 East Austin Giddings, TX 78942 Full Service B&M $77,963

    For 2018, Classic Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,962
    Net interest income $11,276
    Total noninterest income $3,568
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,058
    Trading account gains and fees $0
    Additional Noninterest Income $1,510
    Pre-tax net operating income $2,990
    Securities gains (or losses, -) $12
    Income before extraordinary items $3,002
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,002
    Minority interest net income $0
    Net income $3,002
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,990

    Classic Bank's gross interest income from loans was $13,962,000.
    Classic Bank's net interest income from loans was $11,276,000.
    Classic Bank's fee based income from loans was $2,058,000.
    Classic Bank's net income from loans was $3,002,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,686
    Provision for credit losses $449
    Total noninterest expense $11,405
    Salaries and employee benefits $5,035
    Premises and equipment expense $1,592
    Additional noninterest expense $4,778
    Applicable income taxes $0
    Net charge-offs $225
    Cash dividends $721

    Classic Bank's interest expense for loans was $2,686,000.
    Classic Bank's payroll and benefits expense were $5,035,000.
    Classic Bank's property, plant and equipment expenses $1,592,000.

    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 6.0%
    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 $318,233
    Deposits held in domestic offices $318,233
    Deposits by Individuals, partnerships, and corporations $254,200
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $64,032
    Deposits by Commercial banks and other depository institutions in U.S. $1
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $33,813
    Demand deposits $18,025
    Nontransaction accounts $284,420
    Money market deposit accounts (MMDAs) $27,472
    Other savings deposits (excluding MMDAs) $176,090
    Total time deposits $80,858
    Total time and savings deposits $300,208
    Noninterest-bearing deposits $66,031
    Interest-bearing deposits $252,202
    Retail deposits $299,071
    IRAs and Keogh plan accounts $8,882
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $368,047
    Cash & Balances due from depository institutions $12,967
    Interest-bearing balances $4,555
    Total securities $68,741
    Federal funds sold & reverse repurchase $0
    Net loans and leases $260,492
    Loan and leases loss allowance $3,702
    Trading account assets $0
    Bank premises and fixed assets $11,412
    Other real estate owned $890
    Goodwill and other intangibles $261
    All other assets $13,284

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $368,047
    Total Liabilities $335,694
    Total deposits $318,233
    Interest-bearing deposits $252,202
    Deposits held in domestic offices $318,233
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $12,000
    Subordinated debt $0
    All other liabilities $5,461

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $260,492
    Loan and leases loss allowance $3,702
    Total loans and leases (domestic) $264,194
    All real estate loans $182,279
    Real estate loans in domestic offices $182,279
    Construction and development loans $15,330
    Residential 1-4 family construction $6,448
    Other construction, all land development and other land $8,882
    Loans secured by nonfarm nonresidential properties $47,775
    Nonfarm nonresidential secured by owner-occupied properties $24,161
    Commercial real estate & other non-farm, non-residential $23,614
    Multifamily residential real estate $3,824
    1-4 family residential loans $73,540
    Farmland loans $41,810
    Loans held in foreign offices $0
    Farm loans $34,163
    Commercial and industrial loans $14,811
    To non-U.S. addressees $0
    Loans to individuals $6,731
    Credit card loans $0
    Related Plans $24
    Consumer Auto Loans $3,180
    Other loans to individuals $3,527
    All other loans & leases $26,210
    Loans to foreign governments and official institutions $0
    Other loans $343
    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

    Classic Bank had $260,492,000 of loans outstanding in 2018. $182,279,000 of loans were in real estate loans. $15,330,000 of loans were in development loans. $3,824,000 of loans were in multifamily mortgage loans. $73,540,000 of loans were in 1-4 family mortgage loans. $34,163,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,180,000 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 152 $32,682 $215,013
    Nonfarm, nonresidential loans - <$100k 40 $1,618 $40,450
    Nonfarm, nonresidential loans - $100-250k 52 $6,431 $123,673
    Nonfarm, nonresidential loans - $250k-1MM 60 $24,633 $410,550
    Commercial & Industrial, US addressed loans - <$1MM 216 $11,799 $54,625
    Commercial & Industrial, US addressed loans - <$100k 167 $3,815 $22,844
    Commercial & Industrial, US addressed loans - $100-250k 31 $2,721 $87,774
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $5,263 $292,389
    Farmland loans - <$1MM 146 $18,336 $125,589
    Farmland loans - <$100k 62 $3,071 $49,532
    Farmland loans - $100-250k 54 $6,607 $122,352
    Farmland loans - $250k-1MM 30 $8,658 $288,600
    Agriculture operations loans - <$1MM 290 $15,775 $54,397
    Agriculture operations loans - <$100k 227 $4,945 $21,784
    Agriculture operations loans - $100-250k 39 $4,550 $116,667
    Agriculture operations loans - $250k-1MM 24 $6,280 $261,667