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 and Refi loans. The First National Bank Of Granbury has a high proportion of conventional loans. Their top markets by origination volume include: Granbury, Dallas, Stephenville, Houston, and San Antonio among others. We have data for 13 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 an above average pick rate when compared to similar lenders.

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Originations

384

Origination Dollar Volume (All Markets)

$101,050,000

Employee count

156

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) 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.

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

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

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

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, The First National Bank Of Granbury's most frequently cited loan purpose was Home Purchase, with 184 originations. The 2nd most popular reason was 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 2021, The First National Bank Of Granbury's most frequently cited loan duration was 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
    95.08%

    The First National Bank Of Granbury has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    90.63%

    The First National Bank Of Granbury has an 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