Texas First Bank Mortgage Rates, Fees & Info
Texas City, TXLEI: 5493007WOQE7MEFUB492
Tax ID: 76-0002250
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Mortgage Data
Bank Data
Review & Overview
Texas First Bank is a smaller bank specializing in Home Purchase loans. Texas First Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Dallas, Austin, San Antonio, and Corpus Christi among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Texas First 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.
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Originations
163Origination Dollar Volume (All Markets)
$31,885,000Employee count
243Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 82 | $23,480,000 | $286,341 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 47 | $2,895,000 | $61,596 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 12 | $1,910,000 | $159,167 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $1,475,000 | $491,667 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $635,000 | $211,667 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 7 | $425,000 | $60,714 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 163 | $31,885,000 | $195,613 | $0 | 0.00% |
For 2020, Texas First Bank's most frequently originated type of loan was Conventional, with 163 originations.
Loan Reason
For 2020, Texas First Bank's most frequently cited loan purpose was Home Improvement, with 88 originations. The 2nd most popular reason was Home Purchase, with 56 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 163 | $31,885,000 | $195,613 | $0 | 0.00% |
For 2020, Texas First Bank's most frequently cited loan duration was Other, with 163 originations.
Loan Sizing
2020 saw Texas First Bank place emphasis on $100,000 or less loans with 99 originations, totaling $5,905,000 in origination value.
Applicant Income
Texas First Bank lent most frequently to those with incomes in the $150k-250k range, with 53 originations. The second most popular income band? $100k-150k, with 40 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 163 | $31,885,000 | $195,613 | $0 | 0.00% |
Texas First Bank lent most frequently to those with DTI ratios of Exempt%, with 163 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.77%
Texas First Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.96%
Texas First Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 163 | $31,885,000 | $195,613 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 163 | $31,885,000 | $195,613 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Texas First Bank | 10607 Highway 69 Port Arthur, TX 77640 | Full Service B&M | $23,272 |
| Texas First Bank | 1100 Highway 146 Kemah, TX 77565 | Full Service B&M | $61,661 |
| Texas First Bank | 111 South Hwy 3 League City, TX 77573 | Full Service B&M | $59,845 |
| Texas First Bank | 111 West Parkwood Friendswood, TX 77546 | Full Service B&M | $32,609 |
| Texas First Bank | 11757 Katy Freeway, Suite 100 Houston, TX 77079 | Full Service B&M | $232,392 |
| Texas First Bank | 1192 W Dallas Ste A Conroe, TX 77301 | Full Service B&M | $7,080 |
| Texas First Bank | 12402 Highway 6 Santa Fe, TX 77510 | Full Service B&M | $99,690 |
| Texas First Bank | 13701 Fm 3005 Galveston, TX 77554 | Full Service B&M | $51,583 |
| Texas First Bank | 16522 Stuebner Airline Spring, TX 77379 | Full Service B&M | $11,595 |
| Texas First Bank | 210 Hwy 124 Winnie, TX 77665 | Full Service B&M | $68,850 |
| Texas First Bank | 2103 North Main Street Liberty, TX 77575 | Full Service B&M | $27,097 |
| Texas First Bank | 2343 North Main Street Pearland, TX 77581 | Full Service B&M | $38,265 |
| Texas First Bank | 2385 State Highway 87 Port Bolivar, TX 77650 | Full Service B&M | $35,023 |
| Texas First Bank | 2401 Broadway Galveston, TX 77550 | Full Service B&M | $33,044 |
| Texas First Bank | 3000 Fm 1764 La Marque, TX 77568 | Limited, Drive-thru | $3,547 |
| Texas First Bank | 3000 Research Blvd Ste 190 The Woodlands, TX 77381 | Full Service B&M | $21,011 |
| Texas First Bank | 3232 Palmer Highway Texas City, TX 77590 | Full Service B&M | $186,176 |
| Texas First Bank | 407 Oak Street La Marque, TX 77568 | Full Service B&M | $14,173 |
| Texas First Bank | 4301 Hwy 3 Dickinson, TX 77539 | Full Service B&M | $41,088 |
| Texas First Bank | 4648 Beechnut St Houston, TX 77096 | Full Service B&M | $23,897 |
| Texas First Bank | 519 Rollingbrook Drive Baytown, TX 77521 | Full Service B&M | $76,848 |
| Texas First Bank | 6501 Stewart Road Galveston, TX 77551 | Full Service B&M | $173,695 |
| Texas First Bank | 6731 Spencer Highway Pasadena, TX 77505 | Full Service B&M | $26,514 |
| Texas First Bank | 7551 Fm 834 East Hull, TX 77564 | Full Service B&M | $17,899 |
| Texas First Bank | 8128 Highway 6 Hitchcock, TX 77563 | Full Service B&M | $61,206 |
| Texas First Bank | Highway 124 And F.M. 365 Fannett, TX 77705 | Full Service B&M | $31,176 |
For 2020, Texas First Bank had 26 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $61,403 |
| Net interest income | $56,994 |
| Total noninterest income | $8,432 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $3,415 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,017 |
| Pre-tax net operating income | $24,286 |
| Securities gains (or losses, -) | $1,345 |
| Income before extraordinary items | $25,631 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $25,631 |
| Minority interest net income | $0 |
| Net income | $25,631 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $24,286 |
Texas First Bank's gross interest income from loans was $61,403,000.
Texas First Bank's net interest income from loans was $56,994,000.
Texas First Bank's fee based income from loans was $3,415,000.
Texas First Bank's net income from loans was $25,631,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,409 |
| Provision for credit losses | $3,851 |
| Total noninterest expense | $37,289 |
| Salaries and employee benefits | $22,115 |
| Premises and equipment expense | $4,683 |
| Additional noninterest expense | $10,491 |
| Applicable income taxes | $0 |
| Net charge-offs | $672 |
| Cash dividends | $19,200 |
Texas First Bank's interest expense for loans was $4,409,000.
Texas First Bank's payroll and benefits expense were $22,115,000.
Texas First Bank's property, plant and equipment expenses $4,683,000.
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 | 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 | $1,551,160 |
| Deposits held in domestic offices | $1,551,160 |
| Deposits by Individuals, partnerships, and corporations | $1,415,165 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $134,854 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,141 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $39,977 |
| Demand deposits | $39,427 |
| Nontransaction accounts | $1,511,183 |
| Money market deposit accounts (MMDAs) | $196,407 |
| Other savings deposits (excluding MMDAs) | $1,147,153 |
| Total time deposits | $167,623 |
| Total time and savings deposits | $1,511,733 |
| Noninterest-bearing deposits | $667,017 |
| Interest-bearing deposits | $884,143 |
| Retail deposits | $1,496,939 |
| IRAs and Keogh plan accounts | $19,535 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,729,265 |
| Cash & Balances due from depository institutions | $159,118 |
| Interest-bearing balances | $123,258 |
| Total securities | $532,945 |
| Federal funds sold & reverse repurchase | $17,500 |
| Net loans and leases | $942,592 |
| Loan and leases loss allowance | $14,042 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $14,889 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $18,671 |
| All other assets | $43,550 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,729,265 |
| Total Liabilities | $1,556,698 |
| Total deposits | $1,551,160 |
| Interest-bearing deposits | $884,143 |
| Deposits held in domestic offices | $1,551,160 |
| % insured (estimated) | $56 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $5,538 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $942,592 |
| Loan and leases loss allowance | $14,042 |
| Total loans and leases (domestic) | $956,634 |
| All real estate loans | $701,474 |
| Real estate loans in domestic offices | $701,474 |
| Construction and development loans | $104,799 |
| Residential 1-4 family construction | $18,607 |
| Other construction, all land development and other land | $86,192 |
| Loans secured by nonfarm nonresidential properties | $440,073 |
| Nonfarm nonresidential secured by owner-occupied properties | $292,453 |
| Commercial real estate & other non-farm, non-residential | $147,620 |
| Multifamily residential real estate | $9,270 |
| 1-4 family residential loans | $136,363 |
| Farmland loans | $10,969 |
| Loans held in foreign offices | $0 |
| Farm loans | $1,831 |
| Commercial and industrial loans | $235,308 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $7,818 |
| Credit card loans | $2,187 |
| Related Plans | $6 |
| Consumer Auto Loans | $713 |
| Other loans to individuals | $4,912 |
| All other loans & leases | $14,342 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $155 |
| 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 | $4,935 |
| Non 1-4 family restructured loans & leases | $4,469 |
| Total loans and leases (foreign) | $0 |
Texas First Bank had $942,592,000 of loans outstanding in 2020. $701,474,000 of loans were in real estate loans. $104,799,000 of loans were in development loans. $9,270,000 of loans were in multifamily mortgage loans. $136,363,000 of loans were in 1-4 family mortgage loans. $1,831,000 of loans were in farm loans. $2,187,000 of loans were in credit card loans. $713,000 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 | 366 | $99,730 | $272,486 |
| Nonfarm, nonresidential loans - <$100k | 53 | $2,055 | $38,774 |
| Nonfarm, nonresidential loans - $100-250k | 104 | $13,905 | $133,702 |
| Nonfarm, nonresidential loans - $250k-1MM | 209 | $83,770 | $400,813 |
| Commercial & Industrial, US addressed loans - <$1MM | 2,037 | $141,653 | $69,540 |
| Commercial & Industrial, US addressed loans - <$100k | 1,625 | $45,676 | $28,108 |
| Commercial & Industrial, US addressed loans - $100-250k | 265 | $34,575 | $130,472 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 147 | $61,402 | $417,701 |
| Farmland loans - <$1MM | 11 | $1,977 | $179,727 |
| Farmland loans - <$100k | 2 | $115 | $57,500 |
| Farmland loans - $100-250k | 4 | $466 | $116,500 |
| Farmland loans - $250k-1MM | 5 | $1,396 | $279,200 |
| Agriculture operations loans - <$1MM | 39 | $1,652 | $42,359 |
| Agriculture operations loans - <$100k | 33 | $917 | $27,788 |
| Agriculture operations loans - $100-250k | 6 | $735 | $122,500 |