Mineola Community Bank S.s.b. Mortgage Rates, Fees & Info

Mineola, TX

LEI: 54930067OMWEWTHVDO95

Tax ID: 75-0440734

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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

    Mineola Community Bank S.s.b. is a smaller bank specializing in Home Purchase and Refi loans. Mineola Community Bank S.s.b. has a high proportion of conventional loans. Their top markets by origination volume include: Tyler, Dallas, Longview, Athens, and Jacksonville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mineola Community Bank S.s.b. 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

    148

    Origination Dollar Volume (All Markets)

    $24,860,000

    Employee count

    62

    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 98 $14,160,000 $144,490 $0 0.00%
    TYLER, TX (FHA|USDA|VA) 34 $6,480,000 $190,588 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 11 $3,405,000 $309,545 $0 0.00%
    LONGVIEW, TX (FHA|USDA|VA) 3 $425,000 $141,667 $0 0.00%
    Athens, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Jacksonville, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Mineola Community Bank S.s.b.'s top markets include Tyler, Dallas, Longview, Athens, and Jacksonville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 148 $24,860,000 $167,973 $0 0.00%

    For 2019, Mineola Community Bank S.s.b.'s most frequently originated type of loan was Conventional, with 148 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 62 $11,220,000 $180,968 $0 0.00%
    Refi 41 $8,075,000 $196,951 $0 0.00%
    Cash Out Refi 26 $3,770,000 $145,000 $0 0.00%
    Other 15 $1,475,000 $98,333 $0 0.00%
    Home Improvement 4 $320,000 $80,000 $0 0.00%

    For 2019, Mineola Community Bank S.s.b.'s most frequently cited loan purpose was Home Purchase, with 62 originations. The 2nd most popular reason was Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 148 $24,860,000 $167,973 $0 0.00%

    For 2019, Mineola Community Bank S.s.b.'s most frequently cited loan duration was Other, with 148 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 54 $7,880,000 $145,926 $0 0.00%
    $100,000 or less 47 $2,995,000 $63,723 $0 0.00%
    $200k-400k 41 $10,545,000 $257,195 $0 0.00%
    $400k-600k 5 $2,505,000 $501,000 $0 0.00%
    $600k-1MM 1 $935,000 $935,000 $0 0.00%

    2019 saw Mineola Community Bank S.s.b. place emphasis on $100k-200k loans with 54 originations, totaling $7,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 33 $4,365,000 $132,273 $0 0.00%
    $100k-150k 30 $5,710,000 $190,333 $0 0.00%
    $150k-250k 24 $5,430,000 $226,250 $0 0.00%
    $50k or less 24 $2,600,000 $108,333 $0 0.00%
    $75k-100k 21 $3,385,000 $161,190 $0 0.00%
    $250k+ 13 $2,805,000 $215,769 $0 0.00%

    Mineola Community Bank S.s.b. lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $100k-150k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 148 $24,860,000 $167,973 $0 0.00%

    Mineola Community Bank S.s.b. lent most frequently to those with DTI ratios of Exempt%, with 148 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 145 $24,295,000 $167,552 $0 0.00%
    Not applicable 3 $565,000 $188,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.50%

    Mineola Community Bank S.s.b. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.38%

    Mineola Community Bank S.s.b. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 148 $24,860,000 $167,973

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $100,000 $50,000
    Single Family (1-4 Units):Manufactured 2 $110,000 $55,000
    Single Family (1-4 Units):Site-Built 144 $24,650,000 $171,181

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mineola Community Bank, S.S.B. 1224 North Pacific Mineola, TX 75773 Full Service Retail $8,250
    Mineola Community Bank, S.S.B. 215 West Broad Mineola, TX 75773 Full Service B&M $93,939
    Mineola Community Bank, S.S.B. 304 S. Main St. Lindale, TX 75771 Full Service B&M $2,817
    Mineola Community Bank, S.S.B. 415 W. Frank Street Grand Saline, TX 75140 Full Service B&M $40,942
    Mineola Community Bank, S.S.B. 500 South Main Winnsboro, TX 75494 Full Service B&M $34,818
    Mineola Community Bank, S.S.B. 500 West Pine Street Edgewood, TX 75117 Full Service B&M $24,445

    For 2019, Mineola Community Bank S.s.b. had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,129
    Net interest income $7,488
    Total noninterest income $1,465
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $510
    Trading account gains and fees $0
    Additional Noninterest Income $955
    Pre-tax net operating income $1,202
    Securities gains (or losses, -) $68
    Income before extraordinary items $1,058
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,058
    Minority interest net income $0
    Net income $1,058
    Sale, conversion, retirement of capital stock, net $1
    Net operating income $1,001

    Mineola Community Bank S.s.b.'s gross interest income from loans was $10,129,000.
    Mineola Community Bank S.s.b.'s net interest income from loans was $7,488,000.
    Mineola Community Bank S.s.b.'s fee based income from loans was $510,000.
    Mineola Community Bank S.s.b.'s net income from loans was $1,058,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,641
    Provision for credit losses $160
    Total noninterest expense $7,591
    Salaries and employee benefits $4,478
    Premises and equipment expense $708
    Additional noninterest expense $2,405
    Applicable income taxes $212
    Net charge-offs $30
    Cash dividends $0

    Mineola Community Bank S.s.b.'s interest expense for loans was $2,641,000.
    Mineola Community Bank S.s.b.'s payroll and benefits expense were $4,478,000.
    Mineola Community Bank S.s.b.'s property, plant and equipment expenses $708,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 5.0%
    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 $204,312
    Deposits held in domestic offices $204,312
    Deposits by Individuals, partnerships, and corporations $202,729
    Deposits by U.S. Government $1,583
    Deposits by States and political subdivisions in the U.S. $0
    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 $69,288
    Demand deposits $24,216
    Nontransaction accounts $135,024
    Money market deposit accounts (MMDAs) $11,590
    Other savings deposits (excluding MMDAs) $49,103
    Total time deposits $74,332
    Total time and savings deposits $180,096
    Noninterest-bearing deposits $24,216
    Interest-bearing deposits $180,096
    Retail deposits $196,258
    IRAs and Keogh plan accounts $13,541
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $267,688
    Cash & Balances due from depository institutions $22,889
    Interest-bearing balances $19,060
    Total securities $49,894
    Federal funds sold & reverse repurchase $1,701
    Net loans and leases $177,251
    Loan and leases loss allowance $1,104
    Trading account assets $0
    Bank premises and fixed assets $6,084
    Other real estate owned $0
    Goodwill and other intangibles $810
    All other assets $9,059

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $267,688
    Total Liabilities $236,590
    Total deposits $204,312
    Interest-bearing deposits $180,096
    Deposits held in domestic offices $204,312
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $31,142
    Subordinated debt $0
    All other liabilities $1,136

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $177,251
    Loan and leases loss allowance $1,104
    Total loans and leases (domestic) $178,355
    All real estate loans $169,303
    Real estate loans in domestic offices $169,303
    Construction and development loans $15,602
    Residential 1-4 family construction $9,337
    Other construction, all land development and other land $6,265
    Loans secured by nonfarm nonresidential properties $20,417
    Nonfarm nonresidential secured by owner-occupied properties $6,039
    Commercial real estate & other non-farm, non-residential $14,378
    Multifamily residential real estate $411
    1-4 family residential loans $127,733
    Farmland loans $5,140
    Loans held in foreign offices $0
    Farm loans $722
    Commercial and industrial loans $3,978
    To non-U.S. addressees $0
    Loans to individuals $4,046
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $609
    Other loans to individuals $3,437
    All other loans & leases $306
    Loans to foreign governments and official institutions $0
    Other loans $83
    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 $349
    Non 1-4 family restructured loans & leases $349
    Total loans and leases (foreign) $0

    Mineola Community Bank S.S.B. had $177,251,000 of loans outstanding in 2019. $169,303,000 of loans were in real estate loans. $15,602,000 of loans were in development loans. $411,000 of loans were in multifamily mortgage loans. $127,733,000 of loans were in 1-4 family mortgage loans. $722,000 of loans were in farm loans. $0 of loans were in credit card loans. $609,000 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 99 $13,599 $137,364
    Nonfarm, nonresidential loans - <$100k 45 $1,653 $36,733
    Nonfarm, nonresidential loans - $100-250k 28 $3,342 $119,357
    Nonfarm, nonresidential loans - $250k-1MM 26 $8,604 $330,923
    Commercial & Industrial, US addressed loans - <$1MM 125 $3,978 $31,824
    Commercial & Industrial, US addressed loans - <$100k 110 $1,955 $17,773
    Commercial & Industrial, US addressed loans - $100-250k 12 $1,261 $105,083
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $762 $254,000
    Farmland loans - <$1MM 29 $3,475 $119,828
    Farmland loans - <$100k 14 $569 $40,643
    Farmland loans - $100-250k 9 $1,322 $146,889
    Farmland loans - $250k-1MM 6 $1,584 $264,000
    Agriculture operations loans - <$1MM 31 $722 $23,290
    Agriculture operations loans - <$100k 29 $411 $14,172
    Agriculture operations loans - $100-250k 2 $311 $155,500