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

Review & Overview

The First National Bank Of Granbury is a smaller bank specializing in Home Purchase loans. The First National Bank Of Granbury has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Granbury, Dallas, Stephenville, Mineral Wells, and College Station among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

The First National Bank Of Granbury 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

305

Origination Dollar Volume (All Markets)

$56,885,000

Employee count

155

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
Granbury, TX (FHA|USDA|VA) 218 $38,550,000 $176,835 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 50 $11,130,000 $222,600 $0 0.00%
Stephenville, TX (FHA|USDA|VA) 13 $2,825,000 $217,308 $0 0.00%
Outside of Metro Areas 16 $2,750,000 $171,875 $0 0.00%
Mineral Wells, TX (FHA|USDA|VA) 4 $1,080,000 $270,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $230,000 $115,000 $0 0.00%
Rockport, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
The First National Bank Of Granbury's top markets include Granbury, Dallas, Stephenville, Mineral Wells, and College Station among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 303 $56,595,000 $186,782 $0 0.00%
    USDA 2 $290,000 $145,000 $0 0.00%

    For 2019, The First National Bank Of Granbury's most frequently originated type of loan was Conventional, with 303 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 169 $37,555,000 $222,219 $0 0.00%
    Refi 52 $9,780,000 $188,077 $0 0.00%
    Home Improvement 44 $2,560,000 $58,182 $0 0.00%
    Cash Out Refi 24 $5,600,000 $233,333 $0 0.00%
    Other 16 $1,390,000 $86,875 $0 0.00%

    For 2019, The First National Bank Of Granbury's most frequently cited loan purpose was Home Purchase, with 169 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 305 $56,885,000 $186,508 $0 0.00%

    For 2019, The First National Bank Of Granbury's most frequently cited loan duration was Other, with 305 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 113 $16,755,000 $148,274 $0 0.00%
    $100,000 or less 88 $4,860,000 $55,227 $0 0.00%
    $200k-400k 79 $22,995,000 $291,076 $0 0.00%
    $400k-600k 23 $10,765,000 $468,043 $0 0.00%
    $600k-1MM 2 $1,510,000 $755,000 $0 0.00%

    2019 saw The First National Bank Of Granbury place emphasis on $100k-200k loans with 113 originations, totaling $16,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 75 $15,955,000 $212,733 $0 0.00%
    $150k-250k 51 $13,775,000 $270,098 $0 0.00%
    $50k-75k 50 $7,340,000 $146,800 $0 0.00%
    $75k-100k 46 $6,540,000 $142,174 $0 0.00%
    $50k or less 34 $3,300,000 $97,059 $0 0.00%
    $250k+ 14 $4,250,000 $303,571 $0 0.00%

    The First National Bank Of Granbury lent most frequently to those with incomes in the $100k-150k range, with 75 originations. The second most popular income band? $150k-250k, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 305 $56,885,000 $186,508 $0 0.00%

    The First National Bank Of Granbury lent most frequently to those with DTI ratios of Exempt%, with 305 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 251 $46,585,000 $185,598 $0 0.00%
    Not provided 28 $6,540,000 $233,571 $0 0.00%
    Not applicable 22 $3,390,000 $154,091 $0 0.00%
    American Indian 2 $220,000 $110,000 $0 0.00%
    Asian 1 $135,000 $135,000 $0 0.00%
    Black 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.53%

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

    Pick Rate

    Approvals leading to origination
    76.07%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 305 $56,885,000 $186,508

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $325,000 $325,000
    Single Family (1-4 Units):Manufactured 21 $1,755,000 $83,571
    Single Family (1-4 Units):Site-Built 283 $54,805,000 $193,657

    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 $255,345
    The First National Bank of Granbury 101 East Bridge Street Granbury, TX 76048 Limited, Mobile/Seasonal Office $964
    The First National Bank of Granbury 1705 N Nolan River Rd Cleburne, TX 76033 Full Service B&M $11,182
    The First National Bank of Granbury 3000 Fall Creek Highway Granbury, TX 76049 Full Service B&M $69,789
    The First National Bank of Granbury 8401 Hwy 377 West Tolar, TX 76476 Full Service B&M $24,574
    The First National Bank of Granbury 9205 Plantation Road Suite 101 Granbury, TX 76049 Full Service B&M $68,416
    The First National Bank of Granbury Highway 144 South Granbury, TX 76048 Full Service B&M $54,598
    The First National Bank of Granbury Highway 377 East Granbury, TX 76048 Full Service B&M $64,379

    For 2019, The First National Bank Of Granbury had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,254
    Net interest income $22,214
    Total noninterest income $3,691
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,037
    Trading account gains and fees $0
    Additional Noninterest Income $2,654
    Pre-tax net operating income $8,682
    Securities gains (or losses, -) $581
    Income before extraordinary items $7,672
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,672
    Minority interest net income $0
    Net income $7,672
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,189

    The First National Bank Of Granbury's gross interest income from loans was $25,254,000.
    The First National Bank Of Granbury's net interest income from loans was $22,214,000.
    The First National Bank Of Granbury's fee based income from loans was $1,037,000.
    The First National Bank Of Granbury's net income from loans was $7,672,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,040
    Provision for credit losses $725
    Total noninterest expense $16,498
    Salaries and employee benefits $10,597
    Premises and equipment expense $1,251
    Additional noninterest expense $4,650
    Applicable income taxes $1,591
    Net charge-offs $498
    Cash dividends $1,758

    The First National Bank Of Granbury's interest expense for loans was $3,040,000.
    The First National Bank Of Granbury's payroll and benefits expense were $10,597,000.
    The First National Bank Of Granbury's property, plant and equipment expenses $1,251,000.

    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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $552,825
    Deposits held in domestic offices $552,825
    Deposits by Individuals, partnerships, and corporations $531,291
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $21,534
    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 $259,708
    Demand deposits $166,532
    Nontransaction accounts $293,117
    Money market deposit accounts (MMDAs) $160,069
    Other savings deposits (excluding MMDAs) $46,122
    Total time deposits $86,926
    Total time and savings deposits $386,293
    Noninterest-bearing deposits $166,532
    Interest-bearing deposits $386,293
    Retail deposits $536,141
    IRAs and Keogh plan accounts $10,584
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $629,386
    Cash & Balances due from depository institutions $26,239
    Interest-bearing balances $13,749
    Total securities $228,589
    Federal funds sold & reverse repurchase $30,810
    Net loans and leases $326,432
    Loan and leases loss allowance $3,991
    Trading account assets $0
    Bank premises and fixed assets $8,203
    Other real estate owned $309
    Goodwill and other intangibles $0
    All other assets $8,804

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $629,387
    Total Liabilities $554,863
    Total deposits $552,825
    Interest-bearing deposits $386,293
    Deposits held in domestic offices $552,825
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,038

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $326,432
    Loan and leases loss allowance $3,991
    Total loans and leases (domestic) $330,423
    All real estate loans $282,603
    Real estate loans in domestic offices $282,603
    Construction and development loans $64,128
    Residential 1-4 family construction $36,028
    Other construction, all land development and other land $28,100
    Loans secured by nonfarm nonresidential properties $62,600
    Nonfarm nonresidential secured by owner-occupied properties $37,416
    Commercial real estate & other non-farm, non-residential $25,184
    Multifamily residential real estate $6,237
    1-4 family residential loans $132,221
    Farmland loans $17,417
    Loans held in foreign offices $0
    Farm loans $3,243
    Commercial and industrial loans $26,345
    To non-U.S. addressees $0
    Loans to individuals $17,940
    Credit card loans $0
    Related Plans $35
    Consumer Auto Loans $8,834
    Other loans to individuals $9,071
    All other loans & leases $293
    Loans to foreign governments and official institutions $0
    Other loans $9
    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 $598
    Non 1-4 family restructured loans & leases $511
    Total loans and leases (foreign) $0

    The First National Bank of Granbury had $326,432,000 of loans outstanding in 2019. $282,603,000 of loans were in real estate loans. $64,128,000 of loans were in development loans. $6,237,000 of loans were in multifamily mortgage loans. $132,221,000 of loans were in 1-4 family mortgage loans. $3,243,000 of loans were in farm loans. $0 of loans were in credit card loans. $8,834,000 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 190 $42,344 $222,863
    Nonfarm, nonresidential loans - <$100k 40 $1,774 $44,350
    Nonfarm, nonresidential loans - $100-250k 64 $8,186 $127,906
    Nonfarm, nonresidential loans - $250k-1MM 86 $32,384 $376,558
    Commercial & Industrial, US addressed loans - <$1MM 561 $24,963 $44,497
    Commercial & Industrial, US addressed loans - <$100k 479 $10,860 $22,672
    Commercial & Industrial, US addressed loans - $100-250k 67 $7,841 $117,030
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $6,262 $417,467
    Farmland loans - <$1MM 61 $9,360 $153,443
    Farmland loans - <$100k 17 $834 $49,059
    Farmland loans - $100-250k 29 $3,649 $125,828
    Farmland loans - $250k-1MM 15 $4,877 $325,133
    Agriculture operations loans - <$1MM 102 $1,773 $17,382
    Agriculture operations loans - <$100k 100 $1,662 $16,620
    Agriculture operations loans - $100-250k 1 $40 $40,000
    Agriculture operations loans - $250k-1MM 1 $71 $71,000