The First National Bank Of Bastrop Mortgage Rates, Fees & Info

Bastrop, TX

LEI: 254900YTMXVNCWHCVS50

Tax ID: 74-0501835

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Mortgage Data

Bank Data

Review & Overview

The First National Bank Of Bastrop is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The First National Bank Of Bastrop has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Killeen, College Station, San Antonio, and Houston among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

The First National Bank Of Bastrop has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

220

Origination Dollar Volume (All Markets)

$46,160,000

Employee count

134

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
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 184 $38,980,000 $211,848 $0 0.00%
Outside of Metro Areas 18 $4,430,000 $246,111 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 10 $1,230,000 $123,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $745,000 $248,333 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $420,000 $210,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
Fredericksburg, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
The First National Bank Of Bastrop's top markets include Austin, Killeen, College Station, San Antonio, and Houston among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 220 $46,160,000 $209,818 $0 0.00%

    For 2021, The First National Bank Of Bastrop's most frequently originated type of loan was Conventional, with 220 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 114 $25,330,000 $222,193 $0 0.00%
    Refi 46 $8,990,000 $195,435 $0 0.00%
    Cash Out Refi 44 $9,680,000 $220,000 $0 0.00%
    Home Improvement 9 $1,225,000 $136,111 $0 0.00%
    Other 7 $935,000 $133,571 $0 0.00%

    For 2021, The First National Bank Of Bastrop's most frequently cited loan purpose was Home Purchase, with 114 originations. The 2nd most popular reason was Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 220 $46,160,000 $209,818 $0 0.00%

    For 2021, The First National Bank Of Bastrop's most frequently cited loan duration was Other, with 220 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 83 $12,235,000 $147,410 $0 0.00%
    $200k-400k 83 $22,805,000 $274,759 $0 0.00%
    $100,000 or less 38 $2,710,000 $71,316 $0 0.00%
    $400k-600k 13 $6,155,000 $473,462 $0 0.00%
    $600k-1MM 3 $2,255,000 $751,667 $0 0.00%

    2021 saw The First National Bank Of Bastrop place emphasis on $100k-200k loans with 83 originations, totaling $12,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 44 $7,210,000 $163,864 $0 0.00%
    $100k-150k 37 $8,405,000 $227,162 $0 0.00%
    $75k-100k 35 $7,015,000 $200,429 $0 0.00%
    $50k or less 27 $2,735,000 $101,296 $0 0.00%
    $150k-250k 26 $7,170,000 $275,769 $0 0.00%
    $250k+ 20 $5,100,000 $255,000 $0 0.00%

    The First National Bank Of Bastrop lent most frequently to those with incomes in the $50k-75k range, with 44 originations. The second most popular income band? $100k-150k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 220 $46,160,000 $209,818 $0 0.00%

    The First National Bank Of Bastrop lent most frequently to those with DTI ratios of Exempt%, with 220 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 175 $35,555,000 $203,171 $0 0.00%
    Not applicable 25 $7,025,000 $281,000 $0 0.00%
    Not provided 15 $2,935,000 $195,667 $0 0.00%
    Black 3 $335,000 $111,667 $0 0.00%
    American Indian 2 $310,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.68%

    The First National Bank Of Bastrop has an average approval rate.

    Pick Rate

    Approvals leading to origination
    55.91%

    The First National Bank Of Bastrop has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 220 $46,160,000 $209,818

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    220 $46,160,000 $209,818

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The First National Bank of Bastrop 1021 Main Street Bastrop, TX 78602 Full Service B&M $31,788
    The First National Bank of Bastrop 118 West Highway 21 Bastrop, TX 78602 Full Service B&M $37,388
    The First National Bank of Bastrop 1312 Hwy 290 Elgin, TX 78621 Full Service B&M $90,271
    The First National Bank of Bastrop 312 Main Street Smithville, TX 78957 Full Service B&M $71,096
    The First National Bank of Bastrop 489 Highway 71 West Bastrop, TX 78602 Full Service B&M $499,432
    The First National Bank of Bastrop Highway 71 And Hasler Boulevard Bastrop, TX 78602 Full Service B&M $32,387

    For 2021, The First National Bank Of Bastrop had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,630
    Net interest income $25,877
    Total noninterest income $6,946
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,037
    Trading account gains and fees $0
    Additional Noninterest Income $5,909
    Pre-tax net operating income $13,427
    Securities gains (or losses, -) $190
    Income before extraordinary items $13,617
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $13,617
    Minority interest net income $0
    Net income $13,617
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $13,427

    The First National Bank Of Bastrop's gross interest income from loans was $27,630,000.
    The First National Bank Of Bastrop's net interest income from loans was $25,877,000.
    The First National Bank Of Bastrop's fee based income from loans was $1,037,000.
    The First National Bank Of Bastrop's net income from loans was $13,617,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,753
    Provision for credit losses $450
    Total noninterest expense $18,946
    Salaries and employee benefits $11,215
    Premises and equipment expense $1,679
    Additional noninterest expense $6,052
    Applicable income taxes $0
    Net charge-offs $89
    Cash dividends $6,995

    The First National Bank Of Bastrop's interest expense for loans was $1,753,000.
    The First National Bank Of Bastrop's payroll and benefits expense were $11,215,000.
    The First National Bank Of Bastrop's property, plant and equipment expenses $1,679,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $805,820
    Deposits held in domestic offices $805,820
    Deposits by Individuals, partnerships, and corporations $719,494
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $86,325
    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 $500,817
    Demand deposits $338,534
    Nontransaction accounts $305,002
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $142,177
    Total time deposits $162,825
    Total time and savings deposits $467,285
    Noninterest-bearing deposits $338,534
    Interest-bearing deposits $467,286
    Retail deposits $718,218
    IRAs and Keogh plan accounts $12,008
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $891,512
    Cash & Balances due from depository institutions $70,071
    Interest-bearing balances $55,717
    Total securities $378,690
    Federal funds sold & reverse repurchase $0
    Net loans and leases $414,012
    Loan and leases loss allowance $6,859
    Trading account assets $0
    Bank premises and fixed assets $11,701
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $17,038

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $891,512
    Total Liabilities $812,851
    Total deposits $805,820
    Interest-bearing deposits $467,286
    Deposits held in domestic offices $805,820
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $7,031

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $414,012
    Loan and leases loss allowance $6,859
    Total loans and leases (domestic) $420,871
    All real estate loans $391,762
    Real estate loans in domestic offices $391,762
    Construction and development loans $56,092
    Residential 1-4 family construction $5,499
    Other construction, all land development and other land $50,593
    Loans secured by nonfarm nonresidential properties $165,304
    Nonfarm nonresidential secured by owner-occupied properties $94,590
    Commercial real estate & other non-farm, non-residential $70,714
    Multifamily residential real estate $6,350
    1-4 family residential loans $108,219
    Farmland loans $55,797
    Loans held in foreign offices $0
    Farm loans $2,888
    Commercial and industrial loans $15,018
    To non-U.S. addressees $0
    Loans to individuals $11,057
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,873
    Other loans to individuals $8,184
    All other loans & leases $147
    Loans to foreign governments and official institutions $0
    Other loans $147
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $498
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $79
    Non 1-4 family restructured loans & leases $63
    Total loans and leases (foreign) $0

    The First National Bank of Bastrop had $414,012,000 of loans outstanding in 2021. $391,762,000 of loans were in real estate loans. $56,092,000 of loans were in development loans. $6,350,000 of loans were in multifamily mortgage loans. $108,219,000 of loans were in 1-4 family mortgage loans. $2,888,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,873,000 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 155 $40,873 $263,697
    Nonfarm, nonresidential loans - <$100k 25 $921 $36,840
    Nonfarm, nonresidential loans - $100-250k 56 $6,809 $121,589
    Nonfarm, nonresidential loans - $250k-1MM 74 $33,143 $447,878
    Commercial & Industrial, US addressed loans - <$1MM 322 $13,142 $40,814
    Commercial & Industrial, US addressed loans - <$100k 273 $5,578 $20,432
    Commercial & Industrial, US addressed loans - $100-250k 34 $3,258 $95,824
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $4,306 $287,067
    Farmland loans - <$1MM 191 $24,218 $126,796
    Farmland loans - <$100k 57 $2,635 $46,228
    Farmland loans - $100-250k 109 $14,017 $128,596
    Farmland loans - $250k-1MM 25 $7,566 $302,640
    Agriculture operations loans - <$1MM 114 $2,788 $24,456
    Agriculture operations loans - <$100k 99 $1,145 $11,566
    Agriculture operations loans - $100-250k 13 $1,274 $98,000
    Agriculture operations loans - $250k-1MM 2 $369 $184,500