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

Granbury, TX

LEI: 5493007XRAHUC7QUVO11

Tax ID: 75-0298448

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The First National Bank Of Granbury is a smaller bank specializing in Home Purchase and Refi loans. The First National Bank Of Granbury has a high proportion of conventional loans. Their top markets include Granbury, Dallas, Stephenville, Houston, and San Antonio among others. The First National Bank Of Granbury has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

384

Origination Dollar Volume (All Markets)

$101,050,000

Employee count

156

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Granbury, TX (FHA|USDA|VA) 243 $54,525,000 $224,383 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 92 $33,780,000 $367,174 $0 0.00%
Stephenville, TX (FHA|USDA|VA) 21 $4,685,000 $223,095 $0 0.00%
Outside of Metro Areas 16 $4,510,000 $281,875 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $1,565,000 $521,667 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
Port Lavaca, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
Corsicana, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Mineral Wells, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
ABILENE, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%

The First National Bank Of Granbury's top markets include Granbury, Dallas, Stephenville, Houston, and San Antonio among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 384 $101,050,000 $263,151 $0 0.00%

For the 2021 period, The First National Bank Of Granbury's most frequently originated loan type of loans were Conventional, with 384 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 184 $53,590,000 $291,250 $0 0.00%
Refi 118 $33,370,000 $282,797 $0 0.00%
Cash Out Refi 48 $11,240,000 $234,167 $0 0.00%
Home Improvement 26 $1,930,000 $74,231 $0 0.00%
Other 8 $920,000 $115,000 $0 0.00%

For the 2021, The First National Bank Of Granbury's most frequently cited loan purpose of loans were Home Purchase, with 184 originations. The 2nd most popular reason of loans were Refi, with 118 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 384 $101,050,000 $263,151 $0 0.00%

For the 2021, The First National Bank Of Granbury's most frequently cited loan length of loans were Other, with 384 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 133 $20,215,000 $151,992 $0 0.00%
$200k-400k 127 $35,475,000 $279,331 $0 0.00%
$100,000 or less 57 $3,635,000 $63,772 $0 0.00%
$400k-600k 51 $24,135,000 $473,235 $0 0.00%
$1MM+ 8 $12,150,000 $1,518,750 $0 0.00%
$600k-1MM 8 $5,440,000 $680,000 $0 0.00%

2021 saw The First National Bank Of Granbury place emphasis on $100k-200k loans with 133 originations, totaling $20,215,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 82 $20,090,000 $245,000 $0 0.00%
$150k-250k 73 $22,885,000 $313,493 $0 0.00%
$75k-100k 71 $14,005,000 $197,254 $0 0.00%
$50k-75k 53 $8,715,000 $164,434 $0 0.00%
$250k+ 43 $17,345,000 $403,372 $0 0.00%
$50k or less 31 $4,275,000 $137,903 $0 0.00%

The First National Bank Of Granbury lent most frequently to those with incomes in the $100k-150k range, with 82 originations. The second most popular income band? $150k-250k, with 73 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 384 $101,050,000 $263,151 $0 0.00%

The First National Bank Of Granbury lent most frequently to those with DTI ratios of Exempt%, with 384 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 288 $73,290,000 $254,479 $0 0.00%
Not provided 61 $13,265,000 $217,459 $0 0.00%
Not applicable 24 $11,350,000 $472,917 $0 0.00%
Asian 6 $2,150,000 $358,333 $0 0.00%
Black 3 $625,000 $208,333 $0 0.00%
Japanese 1 $295,000 $295,000 $0 0.00%
American Indian 1 $75,000 $75,000 $0 0.00%

Approval Rates

Total approvals of all applications
93.84%

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

Pick Rate

Approvals leading to origination
83.37%

The First National Bank Of Granbury has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 384 $101,050,000 $263,151

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
384 $101,050,000 $263,151

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
The First National Bank of Granbury 101 East Bridge Granbury, TX 76048 Full Service B&M $339,202
The First National Bank of Granbury 101 East Bridge Street Granbury, TX 76048 Limited, Mobile/Seasonal Office $1,330
The First National Bank of Granbury 1705 N Nolan River Rd Cleburne, TX 76033 Full Service B&M $24,037
The First National Bank of Granbury 3000 Fall Creek Highway Granbury, TX 76049 Full Service B&M $87,573
The First National Bank of Granbury 8401 Hwy 377 West Tolar, TX 76476 Full Service B&M $30,154
The First National Bank of Granbury 9205 Plantation Road Suite 101 Granbury, TX 76049 Full Service B&M $94,608
The First National Bank of Granbury Highway 144 South Granbury, TX 76048 Full Service B&M $77,234
The First National Bank of Granbury Highway 377 East Granbury, TX 76048 Full Service B&M $90,700

For 2021, The First National Bank Of Granbury had 8 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $25,024
Net interest income $23,314
Total noninterest income $4,420
Gross Fiduciary activities income $0
Service charges on deposit accounts $866
Trading account gains and fees $0
Additional Noninterest Income $3,554
Pre-tax net operating income $9,416
Securities gains (or losses, -) $797
Income before extraordinary items $8,810
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $8,810
Minority interest net income $0
Net income $8,810
Sale, conversion, retirement of capital stock, net $0
Net operating income $8,124

The First National Bank Of Granbury's gross interest income from loans was $25,024,000.
The First National Bank Of Granbury's net interest income from loans was $23,314,000.
The First National Bank Of Granbury's fee based income from loans was $866,000.
The First National Bank Of Granbury's net income from loans was $8,810,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,710
Provision for credit losses $375
Total noninterest expense $17,943
Salaries and employee benefits $11,865
Premises and equipment expense $1,192
Additional noninterest expense $4,886
Applicable income taxes $1,403
Net charge-offs $280
Cash dividends $2,599

The First National Bank Of Granbury's interest expense for loans was $1,710,000.
The First National Bank Of Granbury's payroll and benefits expense were $11,865,000.
The First National Bank Of Granbury's property, plant and equipment expenses $1,192,000.

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 2.0%
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 1.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $819,426
Deposits held in domestic offices $819,426
Deposits by Individuals, partnerships, and corporations $770,788
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $48,638
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 $427,327
Demand deposits $270,108
Nontransaction accounts $392,099
Money market deposit accounts (MMDAs) $219,511
Other savings deposits (excluding MMDAs) $65,554
Total time deposits $107,034
Total time and savings deposits $549,318
Noninterest-bearing deposits $270,108
Interest-bearing deposits $549,318
Retail deposits $793,035
IRAs and Keogh plan accounts $11,998
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $908,446
Cash & Balances due from depository institutions $94,685
Interest-bearing balances $85,166
Total securities $395,095
Federal funds sold & reverse repurchase $39,303
Net loans and leases $360,682
Loan and leases loss allowance $4,836
Trading account assets $0
Bank premises and fixed assets $7,830
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $10,851

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $908,446
Total Liabilities $822,043
Total deposits $819,426
Interest-bearing deposits $549,318
Deposits held in domestic offices $819,426
% insured (estimated) $75
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $2,617

Issued Loan Types

Type Value (in 000's)
Net loans and leases $360,682
Loan and leases loss allowance $4,836
Total loans and leases (domestic) $365,518
All real estate loans $304,652
Real estate loans in domestic offices $304,652
Construction and development loans $70,691
Residential 1-4 family construction $30,738
Other construction, all land development and other land $39,953
Loans secured by nonfarm nonresidential properties $60,569
Nonfarm nonresidential secured by owner-occupied properties $34,234
Commercial real estate & other non-farm, non-residential $26,335
Multifamily residential real estate $11,327
1-4 family residential loans $132,047
Farmland loans $30,018
Loans held in foreign offices $0
Farm loans $4,034
Commercial and industrial loans $32,892
To non-U.S. addressees $0
Loans to individuals $23,720
Credit card loans $0
Related Plans $26
Consumer Auto Loans $14,331
Other loans to individuals $9,363
All other loans & leases $221
Loans to foreign governments and official institutions $0
Other loans $0
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 $2,654
Non 1-4 family restructured loans & leases $2,571
Total loans and leases (foreign) $0

The First National Bank of Granbury had $360,682,000 of loans outstanding in 2021. $304,652,000 of loans were in real estate loans. $70,691,000 of loans were in development loans. $11,327,000 of loans were in multifamily mortgage loans. $132,047,000 of loans were in 1-4 family mortgage loans. $4,034,000 of loans were in farm loans. $0 of loans were in credit card loans. $14,331,000 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 174 $37,598 $216,080
Nonfarm, nonresidential loans - <$100k 34 $1,467 $43,147
Nonfarm, nonresidential loans - $100-250k 59 $7,756 $131,458
Nonfarm, nonresidential loans - $250k-1MM 81 $28,375 $350,309
Commercial & Industrial, US addressed loans - <$1MM 497 $26,850 $54,024
Commercial & Industrial, US addressed loans - <$100k 421 $11,456 $27,211
Commercial & Industrial, US addressed loans - $100-250k 56 $6,056 $108,143
Commercial & Industrial, US addressed loans - $250k-1MM 20 $9,338 $466,900
Farmland loans - <$1MM 62 $9,772 $157,613
Farmland loans - <$100k 14 $811 $57,929
Farmland loans - $100-250k 31 $4,144 $133,677
Farmland loans - $250k-1MM 17 $4,817 $283,353
Agriculture operations loans - <$1MM 101 $2,338 $23,149
Agriculture operations loans - <$100k 98 $1,868 $19,061
Agriculture operations loans - $100-250k 2 $369 $184,500
Agriculture operations loans - $250k-1MM 1 $101 $101,000