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 Refi and Home Purchase loans. Mineola Community Bank S.s.b. has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Tyler, Houston, Sherman, and Mount Pleasant among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mineola Community Bank S.s.b. 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.

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    Originations

    249

    Origination Dollar Volume (All Markets)

    $62,375,000

    Employee count

    63

    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 150 $24,870,000 $165,800 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 44 $21,790,000 $495,227 $0 0.00%
    TYLER, TX (FHA|USDA|VA) 46 $12,710,000 $276,304 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $1,790,000 $895,000 $0 0.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
    Mount Pleasant, TX (FHA|USDA|VA) 3 $335,000 $111,667 $0 0.00%
    Athens, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Jacksonville, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    LONGVIEW, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Mineola Community Bank S.s.b.'s top markets include Dallas, Tyler, Houston, Sherman, and Mount Pleasant among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 249 $62,375,000 $250,502 $0 0.00%

    For 2020, Mineola Community Bank S.s.b.'s most frequently originated type of loan was Conventional, with 249 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 118 $30,330,000 $257,034 $0 0.00%
    Cash Out Refi 54 $12,240,000 $226,667 $0 0.00%
    Home Purchase 53 $15,455,000 $291,604 $0 0.00%
    Other 18 $3,770,000 $209,444 $0 0.00%
    Home Improvement 6 $580,000 $96,667 $0 0.00%

    For 2020, Mineola Community Bank S.s.b.'s most frequently cited loan purpose was Refi, with 118 originations. The 2nd most popular reason was Cash Out Refi, with 54 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 249 $62,375,000 $250,502 $0 0.00%

    For 2020, Mineola Community Bank S.s.b.'s most frequently cited loan duration was Other, with 249 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 84 $12,300,000 $146,429 $0 0.00%
    $200k-400k 69 $18,565,000 $269,058 $0 0.00%
    $100,000 or less 57 $3,595,000 $63,070 $0 0.00%
    $400k-600k 17 $7,985,000 $469,706 $0 0.00%
    $600k-1MM 15 $11,405,000 $760,333 $0 0.00%
    $1MM+ 7 $8,525,000 $1,217,857 $0 0.00%

    2020 saw Mineola Community Bank S.s.b. place emphasis on $100k-200k loans with 84 originations, totaling $12,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 65 $12,685,000 $195,154 $0 0.00%
    $150k-250k 46 $16,200,000 $352,174 $0 0.00%
    $50k-75k 45 $6,655,000 $147,889 $0 0.00%
    $75k-100k 31 $4,995,000 $161,129 $0 0.00%
    $50k or less 30 $3,050,000 $101,667 $0 0.00%
    $250k+ 27 $14,575,000 $539,815 $0 0.00%

    Mineola Community Bank S.s.b. lent most frequently to those with incomes in the $100k-150k range, with 65 originations. The second most popular income band? $150k-250k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 249 $62,375,000 $250,502 $0 0.00%

    Mineola Community Bank S.s.b. lent most frequently to those with DTI ratios of Exempt%, with 249 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 238 $56,910,000 $239,118 $0 0.00%
    Not applicable 5 $4,215,000 $843,000 $0 0.00%
    Black 2 $450,000 $225,000 $0 0.00%
    Asian 2 $420,000 $210,000 $0 0.00%
    American Indian 1 $215,000 $215,000 $0 0.00%
    Not provided 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.92%

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

    Pick Rate

    Approvals leading to origination
    87.95%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 249 $62,375,000 $250,502

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $1,295,000 $1,295,000
    Single Family (1-4 Units):Site-Built 248 $61,080,000 $246,290

    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 $10,648
    Mineola Community Bank, S.S.B. 215 West Broad Mineola, TX 75773 Full Service B&M $105,073
    Mineola Community Bank, S.S.B. 304 S. Main St. Lindale, TX 75771 Full Service B&M $5,848
    Mineola Community Bank, S.S.B. 415 W. Frank Street Grand Saline, TX 75140 Full Service B&M $41,319
    Mineola Community Bank, S.S.B. 500 South Main Winnsboro, TX 75494 Full Service B&M $33,451
    Mineola Community Bank, S.S.B. 500 West Pine Street Edgewood, TX 75117 Full Service B&M $25,366

    For 2020, Mineola Community Bank S.s.b. had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,688
    Net interest income $8,183
    Total noninterest income $1,678
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $466
    Trading account gains and fees $0
    Additional Noninterest Income $1,212
    Pre-tax net operating income $1,008
    Securities gains (or losses, -) $0
    Income before extraordinary items $834
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $834
    Minority interest net income $0
    Net income $834
    Sale, conversion, retirement of capital stock, net $1
    Net operating income $834

    Mineola Community Bank S.s.b.'s gross interest income from loans was $10,688,000.
    Mineola Community Bank S.s.b.'s net interest income from loans was $8,183,000.
    Mineola Community Bank S.s.b.'s fee based income from loans was $466,000.
    Mineola Community Bank S.s.b.'s net income from loans was $834,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,505
    Provision for credit losses $484
    Total noninterest expense $8,369
    Salaries and employee benefits $4,913
    Premises and equipment expense $706
    Additional noninterest expense $2,750
    Applicable income taxes $174
    Net charge-offs $25
    Cash dividends $500

    Mineola Community Bank S.s.b.'s interest expense for loans was $2,505,000.
    Mineola Community Bank S.s.b.'s payroll and benefits expense were $4,913,000.
    Mineola Community Bank S.s.b.'s property, plant and equipment expenses $706,000.

    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 $235,652
    Deposits held in domestic offices $235,652
    Deposits by Individuals, partnerships, and corporations $233,852
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,800
    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 $90,646
    Demand deposits $31,952
    Nontransaction accounts $145,006
    Money market deposit accounts (MMDAs) $10,104
    Other savings deposits (excluding MMDAs) $59,140
    Total time deposits $75,762
    Total time and savings deposits $203,700
    Noninterest-bearing deposits $31,951
    Interest-bearing deposits $203,701
    Retail deposits $225,457
    IRAs and Keogh plan accounts $14,431
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $299,643
    Cash & Balances due from depository institutions $19,983
    Interest-bearing balances $14,015
    Total securities $47,294
    Federal funds sold & reverse repurchase $2,105
    Net loans and leases $213,271
    Loan and leases loss allowance $1,561
    Trading account assets $0
    Bank premises and fixed assets $6,839
    Other real estate owned $209
    Goodwill and other intangibles $673
    All other assets $9,269

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $299,643
    Total Liabilities $268,209
    Total deposits $235,652
    Interest-bearing deposits $203,701
    Deposits held in domestic offices $235,652
    % insured (estimated) $92
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $30,768
    Subordinated debt $0
    All other liabilities $1,789

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $213,271
    Loan and leases loss allowance $1,561
    Total loans and leases (domestic) $214,832
    All real estate loans $201,660
    Real estate loans in domestic offices $201,660
    Construction and development loans $22,795
    Residential 1-4 family construction $12,715
    Other construction, all land development and other land $10,080
    Loans secured by nonfarm nonresidential properties $29,403
    Nonfarm nonresidential secured by owner-occupied properties $12,728
    Commercial real estate & other non-farm, non-residential $16,675
    Multifamily residential real estate $382
    1-4 family residential loans $143,464
    Farmland loans $5,616
    Loans held in foreign offices $0
    Farm loans $358
    Commercial and industrial loans $8,665
    To non-U.S. addressees $0
    Loans to individuals $3,860
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $745
    Other loans to individuals $3,115
    All other loans & leases $289
    Loans to foreign governments and official institutions $0
    Other loans $108
    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 $347
    Non 1-4 family restructured loans & leases $347
    Total loans and leases (foreign) $0

    Mineola Community Bank S.S.B. had $213,271,000 of loans outstanding in 2020. $201,660,000 of loans were in real estate loans. $22,795,000 of loans were in development loans. $382,000 of loans were in multifamily mortgage loans. $143,464,000 of loans were in 1-4 family mortgage loans. $358,000 of loans were in farm loans. $0 of loans were in credit card loans. $745,000 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 97 $14,406 $148,515
    Nonfarm, nonresidential loans - <$100k 41 $1,715 $41,829
    Nonfarm, nonresidential loans - $100-250k 29 $3,341 $115,207
    Nonfarm, nonresidential loans - $250k-1MM 27 $9,350 $346,296
    Commercial & Industrial, US addressed loans - <$1MM 197 $6,427 $32,624
    Commercial & Industrial, US addressed loans - <$100k 173 $3,575 $20,665
    Commercial & Industrial, US addressed loans - $100-250k 16 $1,480 $92,500
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $1,372 $171,500
    Farmland loans - <$1MM 34 $4,015 $118,088
    Farmland loans - <$100k 13 $541 $41,615
    Farmland loans - $100-250k 15 $1,971 $131,400
    Farmland loans - $250k-1MM 6 $1,503 $250,500
    Agriculture operations loans - <$1MM 18 $358 $19,889
    Agriculture operations loans - <$100k 17 $183 $10,765
    Agriculture operations loans - $100-250k 1 $175 $175,000