The First National Bank Of Granbury Mortgage Rates, Fees & Info
Granbury, TX
LEI: 5493007XRAHUC7QUVO11
Tax ID: 75-0298448
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Mortgage Data
Bank 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
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.
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 |
