Classic Bank Mortgage Rates, Fees & Info

Cameron, TX

LEI: 254900XJUBW1WCO2J645

Tax ID: 74-0540728

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

Jump to:

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, Killeen, College Station, and Brenham 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.

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

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    153

    Origination Dollar Volume (All Markets)

    $50,175,000

    Employee count

    90

    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 82 $21,450,000 $261,585 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 41 $18,395,000 $448,659 $0 0.00%
    WACO, TX (FHA|USDA|VA) 17 $4,785,000 $281,471 $0 0.00%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 5 $2,455,000 $491,000 $0 0.00%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 4 $1,390,000 $347,500 $0 0.00%
    Brenham, TX (FHA|USDA|VA) 2 $1,050,000 $525,000 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
    North Platte, NE (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Classic Bank's top markets include Austin, Waco, Killeen, College Station, and Brenham among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 153 $50,175,000 $327,941 $0 0.00%

    For 2021, Classic Bank's most frequently originated type of loan was Conventional, with 153 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 105 $38,985,000 $371,286 $0 0.00%
    Refi 31 $8,795,000 $283,710 $0 0.00%
    Home Improvement 12 $1,280,000 $106,667 $0 0.00%
    Other 5 $1,115,000 $223,000 $0 0.00%

    For 2021, Classic Bank's most frequently cited loan purpose was Home Purchase, with 105 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 153 $50,175,000 $327,941 $0 0.00%

    For 2021, Classic Bank's most frequently cited loan duration was Other, with 153 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 50 $13,730,000 $274,600 $0 0.00%
    $100k-200k 46 $6,690,000 $145,435 $0 0.00%
    $100,000 or less 21 $1,345,000 $64,048 $0 0.00%
    $400k-600k 17 $8,095,000 $476,176 $0 0.00%
    $600k-1MM 13 $9,595,000 $738,077 $0 0.00%
    $1MM+ 6 $10,720,000 $1,786,667 $0 0.00%

    2021 saw Classic Bank place emphasis on $200k-400k loans with 50 originations, totaling $13,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 47 $10,595,000 $225,426 $0 0.00%
    $150k-250k 28 $9,500,000 $339,286 $0 0.00%
    $250k+ 23 $16,525,000 $718,478 $0 0.00%
    $50k-75k 17 $3,005,000 $176,765 $0 0.00%
    $75k-100k 17 $3,845,000 $226,176 $0 0.00%
    $50k or less 9 $745,000 $82,778 $0 0.00%

    Classic Bank lent most frequently to those with incomes in the $100k-150k range, with 47 originations. The second most popular income band? $150k-250k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 153 $50,175,000 $327,941 $0 0.00%

    Classic Bank lent most frequently to those with DTI ratios of Exempt%, with 153 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 132 $41,730,000 $316,136 $0 0.00%
    Not applicable 10 $5,600,000 $560,000 $0 0.00%
    American Indian 2 $960,000 $480,000 $0 0.00%
    Not provided 4 $920,000 $230,000 $0 0.00%
    Black 4 $710,000 $177,500 $0 0.00%
    Asian 1 $255,000 $255,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.81%

    Classic Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.05%

    Classic Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 153 $50,175,000 $327,941

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    153 $50,175,000 $327,941

    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 $142,011
    Classic Bank, National Association 12251 West State Highway 29 Liberty Hill, TX 78642 Full Service B&M $48,152
    Classic Bank, National Association 1707 West Cameron Rockdale, TX 76567 Full Service B&M $61,462
    Classic Bank, National Association 198 W Ave B Rosebud, TX 76570 Full Service B&M $66,167
    Classic Bank, National Association 493 Highway 71 W Bastrop, TX 78602 Full Service B&M $24,490
    Classic Bank, National Association 825 East Austin Giddings, TX 78942 Full Service B&M $104,636

    For 2021, Classic Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,528
    Net interest income $19,576
    Total noninterest income $3,524
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,542
    Trading account gains and fees $0
    Additional Noninterest Income $1,982
    Pre-tax net operating income $8,358
    Securities gains (or losses, -) $0
    Income before extraordinary items $8,358
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,358
    Minority interest net income $0
    Net income $8,358
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,358

    Classic Bank's gross interest income from loans was $21,528,000.
    Classic Bank's net interest income from loans was $19,576,000.
    Classic Bank's fee based income from loans was $1,542,000.
    Classic Bank's net income from loans was $8,358,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,952
    Provision for credit losses $1,272
    Total noninterest expense $13,470
    Salaries and employee benefits $6,158
    Premises and equipment expense $1,932
    Additional noninterest expense $5,380
    Applicable income taxes $0
    Net charge-offs $51
    Cash dividends $2,775

    Classic Bank's interest expense for loans was $1,952,000.
    Classic Bank's payroll and benefits expense were $6,158,000.
    Classic Bank's property, plant and equipment expenses $1,932,000.

    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 $499,649
    Deposits held in domestic offices $499,649
    Deposits by Individuals, partnerships, and corporations $403,444
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $96,203
    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 $57,463
    Demand deposits $34,964
    Nontransaction accounts $442,185
    Money market deposit accounts (MMDAs) $47,949
    Other savings deposits (excluding MMDAs) $298,358
    Total time deposits $95,879
    Total time and savings deposits $464,684
    Noninterest-bearing deposits $131,636
    Interest-bearing deposits $368,013
    Retail deposits $467,810
    IRAs and Keogh plan accounts $9,363
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $574,695
    Cash & Balances due from depository institutions $19,267
    Interest-bearing balances $13,386
    Total securities $73,103
    Federal funds sold & reverse repurchase $2,000
    Net loans and leases $446,492
    Loan and leases loss allowance $5,664
    Trading account assets $0
    Bank premises and fixed assets $13,335
    Other real estate owned $0
    Goodwill and other intangibles $14
    All other assets $20,484

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $574,695
    Total Liabilities $520,448
    Total deposits $499,649
    Interest-bearing deposits $368,013
    Deposits held in domestic offices $499,649
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $15,000
    Subordinated debt $0
    All other liabilities $5,799

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $446,492
    Loan and leases loss allowance $5,664
    Total loans and leases (domestic) $452,156
    All real estate loans $353,998
    Real estate loans in domestic offices $353,998
    Construction and development loans $67,881
    Residential 1-4 family construction $14,890
    Other construction, all land development and other land $52,991
    Loans secured by nonfarm nonresidential properties $76,636
    Nonfarm nonresidential secured by owner-occupied properties $29,368
    Commercial real estate & other non-farm, non-residential $47,268
    Multifamily residential real estate $3,739
    1-4 family residential loans $108,782
    Farmland loans $96,960
    Loans held in foreign offices $0
    Farm loans $44,792
    Commercial and industrial loans $19,692
    To non-U.S. addressees $0
    Loans to individuals $7,285
    Credit card loans $0
    Related Plans $31
    Consumer Auto Loans $4,561
    Other loans to individuals $2,693
    All other loans & leases $26,389
    Loans to foreign governments and official institutions $0
    Other loans $171
    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 $446,492,000 of loans outstanding in 2021. $353,998,000 of loans were in real estate loans. $67,881,000 of loans were in development loans. $3,739,000 of loans were in multifamily mortgage loans. $108,782,000 of loans were in 1-4 family mortgage loans. $44,792,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,561,000 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 175 $39,449 $225,423
    Nonfarm, nonresidential loans - <$100k 32 $1,145 $35,781
    Nonfarm, nonresidential loans - $100-250k 67 $9,073 $135,418
    Nonfarm, nonresidential loans - $250k-1MM 76 $29,231 $384,618
    Commercial & Industrial, US addressed loans - <$1MM 251 $15,642 $62,319
    Commercial & Industrial, US addressed loans - <$100k 196 $5,398 $27,541
    Commercial & Industrial, US addressed loans - $100-250k 31 $3,109 $100,290
    Commercial & Industrial, US addressed loans - $250k-1MM 24 $7,135 $297,292
    Farmland loans - <$1MM 225 $34,576 $153,671
    Farmland loans - <$100k 61 $2,969 $48,672
    Farmland loans - $100-250k 101 $13,557 $134,228
    Farmland loans - $250k-1MM 63 $18,050 $286,508
    Agriculture operations loans - <$1MM 305 $19,939 $65,374
    Agriculture operations loans - <$100k 218 $5,459 $25,041
    Agriculture operations loans - $100-250k 56 $5,668 $101,214
    Agriculture operations loans - $250k-1MM 31 $8,812 $284,258