Inwood National Bank Mortgage Rates, Fees & Info

Dallas, TX

LEI: 549300AHVQ1LDFNP8P69

Tax ID: 75-1160447

5 stars - out of 5 stars, based on 26 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Inwood National Bank is a smaller bank specializing in Home Purchase and Refi loans. Inwood National Bank has a high proportion of conventional loans. Their top markets include Dallas, Glenwood Springs, Oklahoma City, Houston, and Los Angeles among others. Inwood National Bank 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. Inwood National Bank is typically an average fee lendor.


Originations

675

Origination Dollar Volume (All Markets)

$275,815,000

Employee count

227

Awards

Inwood National Bank 30 Year Conventional Loans gold Inwood National Bank 30 Year Conventional Loans gold
Show all (2) awards

Relative Rate

Inwood National Bank's average 30 year fixed rate mortgage of loans were 2.85%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.3%.

Relative Fees

Inwood National Bank's average total fees for a 30 year fixed rate mortgage are $4,926.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 548 $196,300,000 $358,212 $4,983 2.89%
Glenwood Springs, CO (FHA|USDA|VA) 1 $9,665,000 $9,665,000 $0 3.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $7,505,000 $7,505,000 $0 3.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 17 $7,445,000 $437,941 $6,151 2.84%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $7,255,000 $2,418,333 $16,413 3.29%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $5,200,000 $2,600,000 $8,770 3.55%
Outside of Metro Areas 12 $4,550,000 $379,167 $6,816 3.11%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $3,655,000 $406,111 $4,572 2.63%
Breckenridge, CO (FHA|USDA|VA) 2 $2,930,000 $1,465,000 $5,023 2.63%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $2,585,000 $2,585,000 $19,490 3.75%
RALEIGH-CARY, NC (FHA|USDA|VA) 8 $2,350,000 $293,750 $3,422 3.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 8 $2,130,000 $266,250 $4,654 3.34%
Heber, UT (FHA|USDA|VA) 1 $1,885,000 $1,885,000 $6,552 3.75%
BRUNSWICK, GA (FHA|USDA|VA) 1 $1,795,000 $1,795,000 $0 3.00%
Athens, TX (FHA|USDA|VA) 3 $1,765,000 $588,333 $6,802 3.04%
SALINAS, CA (FHA|USDA|VA) 1 $1,685,000 $1,685,000 $0 3.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $1,010,000 $252,500 $3,224 2.59%
Mineral Wells, TX (FHA|USDA|VA) 2 $990,000 $495,000 $5,596 2.81%
Harrison, AR (FHA|USDA|VA) 1 $935,000 $935,000 $9,078 3.75%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $910,000 $455,000 $4,092 3.25%
Paris, TX (FHA|USDA|VA) 1 $905,000 $905,000 $0 3.75%
MIDLAND, TX (FHA|USDA|VA) 3 $865,000 $288,333 $5,261 2.63%
TYLER, TX (FHA|USDA|VA) 3 $815,000 $271,667 $5,295 3.17%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $765,000 $255,000 $3,897 2.71%
Bonham, TX (FHA|USDA|VA) 3 $735,000 $245,000 $3,459 3.42%
Fredericksburg, TX (FHA|USDA|VA) 2 $730,000 $365,000 $3,360 2.75%
KNOXVILLE, TN (FHA|USDA|VA) 2 $710,000 $355,000 $3,721 2.13%
WACO, TX (FHA|USDA|VA) 2 $660,000 $330,000 $5,805 3.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $610,000 $305,000 $2,898 2.63%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $590,000 $295,000 $3,606 2.56%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $545,000 $545,000 $3,318 3.00%
Bozeman, MT (FHA|USDA|VA) 1 $545,000 $545,000 $7,849 2.75%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $485,000 $485,000 $6,153 2.63%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $430,000 $215,000 $2,601 2.06%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $395,000 $395,000 $3,951 2.75%
Richmond-Berea, KY (FHA|USDA|VA) 1 $365,000 $365,000 $4,257 2.75%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $365,000 $365,000 $4,134 3.13%
Oxford, MS (FHA|USDA|VA) 2 $350,000 $175,000 $0 3.31%
SANTA FE, NM (FHA|USDA|VA) 1 $305,000 $305,000 $4,120 2.88%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $235,000 $235,000 $3,185 1.99%
ABILENE, TX (FHA|USDA|VA) 2 $220,000 $110,000 $4,012 2.94%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $205,000 $205,000 $3,649 2.13%
Granbury, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,878 2.13%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $185,000 $185,000 $2,848 2.75%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $165,000 $165,000 $3,157 2.50%
LUBBOCK, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,407 2.13%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,130 2.87%
Brookhaven, MS (FHA|USDA|VA) 1 $135,000 $135,000 $4,150 2.50%
Woodward, OK (FHA|USDA|VA) 1 $135,000 $135,000 $3,544 2.13%
Corsicana, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $115,000 $115,000 $4,809 2.88%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $75,000 $75,000 $2,833 3.75%

Inwood National Bank's top markets include Dallas, Glenwood Springs, Oklahoma City, Houston, and Los Angeles among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 670 $273,870,000 $408,761 $4,980 2.91%
VA 5 $1,945,000 $389,000 $10,423 2.08%

For the 2021 period, Inwood National Bank's most frequently originated loan type of loans were Conventional, with 670 originations. Their 2nd most popular type is VA, with 5 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 267 $149,635,000 $560,431 $6,351 3.13%
Refi 225 $72,315,000 $321,400 $4,033 2.59%
Cash Out Refi 156 $47,080,000 $301,795 $4,881 2.86%
Home Improvement 14 $1,640,000 $117,143 $2,505 3.55%
Other 13 $5,145,000 $395,769 $4,891 3.34%

For the 2021, Inwood National Bank's most frequently cited loan purpose of loans were Home Purchase, with 267 originations. The 2nd most popular reason of loans were Refi, with 225 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 431 $147,065,000 $341,218 $4,926 2.85%
15 Year 112 $30,610,000 $273,304 $4,188 2.41%
Other 68 $58,570,000 $861,324 $8,415 3.61%
10 Year 25 $14,695,000 $587,800 $4,209 3.21%
20 Year 19 $5,015,000 $263,947 $4,187 2.78%
5 Year 17 $19,385,000 $1,140,294 $575 3.94%
1 Year 2 $240,000 $120,000 $0 4.25%
3 Year 1 $235,000 $235,000 $0 3.85%

For the 2021, Inwood National Bank's most frequently cited loan length of loans were 30 Year, with 431 originations. The 2nd most popular length of loans were 15 Year, with 112 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 468 $154,710,000 $330,577
$<1k 65 $33,855,000 $520,846
$3k-4k 17 $9,405,000 $553,235
$2k-3k 13 $4,145,000 $318,846
$5k+ 12 $16,480,000 $1,373,333

$4,926 of loans were Inwood National Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 468 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 274 $102,010,000 $372,299
<2.5% 203 $60,345,000 $297,266
3-4% 177 $108,025,000 $610,311
4-5% 19 $5,185,000 $272,895
5-6% 2 $250,000 $125,000

During 2021, Inwood National Bank's average interest rate of loans were 2.85%, while their most frequently originated rate bucket of loans were 2.5-3%, with 274 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 295 $85,735,000 $290,627 $4,415 2.84%
$100k-200k 143 $21,875,000 $152,972 $3,676 2.83%
$400k-600k 137 $66,765,000 $487,336 $5,641 2.74%
$600k-1MM 42 $33,170,000 $789,762 $8,919 3.31%
$100,000 or less 32 $2,250,000 $70,313 $1,971 3.42%
$1MM+ 26 $66,020,000 $2,539,231 $13,799 3.43%

2021 saw Inwood National Bank place emphasis on $200k-400k loans with 295 originations, totaling $85,735,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 169 $52,325,000 $309,615 $4,714 2.83%
$150k-250k 157 $60,975,000 $388,376 $5,035 2.75%
$250k+ 128 $80,810,000 $631,328 $7,029 3.03%
$75k-100k 77 $18,285,000 $237,468 $4,069 2.67%
$50k-75k 69 $13,065,000 $189,348 $3,978 2.82%
$50k or less 33 $5,695,000 $172,576 $3,143 3.31%

Inwood National Bank lent most frequently to those with incomes in the $100k-150k range, with 169 originations. The second most popular income band? $150k-250k, with 157 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 181 $65,405,000 $361,354 $4,770 2.77%
30-36% 124 $38,240,000 $308,387 $4,483 2.93%
<20% 82 $36,090,000 $440,122 $5,094 2.73%
36% 29 $11,385,000 $392,586 $5,628 2.84%
37% 28 $9,300,000 $332,143 $5,084 2.83%
39% 24 $8,360,000 $348,333 $5,563 2.92%
44% 23 $7,795,000 $338,913 $6,514 2.84%
41% 23 $9,675,000 $420,652 $5,860 2.87%
42% 21 $8,645,000 $411,667 $6,333 2.90%
43% 21 $5,965,000 $284,048 $4,606 2.83%
38% 19 $6,895,000 $362,895 $5,338 2.94%
40% 16 $7,390,000 $461,875 $5,279 2.81%
47% 10 $3,330,000 $333,000 $4,845 2.73%
48% 9 $2,825,000 $313,889 $4,157 2.65%
45% 9 $2,925,000 $325,000 $4,521 2.97%
46% 7 $2,775,000 $396,429 $6,533 3.13%
49% 5 $1,405,000 $281,000 $4,686 2.90%
>60% 1 $645,000 $645,000 $3,861 3.25%

Inwood National Bank lent most frequently to those with DTI ratios of 20-30%, with 181 originations. The next most common DTI ratio? 30-36%, with 124 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not provided 395 $142,395,000 $360,494 $5,003 2.77%
White 229 $86,615,000 $378,231 $5,144 2.99%
Not applicable 30 $40,870,000 $1,362,333 $12,941 3.89%
Asian 13 $4,655,000 $358,077 $4,411 2.83%
Black 7 $1,135,000 $162,143 $2,772 2.98%
American Indian 1 $145,000 $145,000 $2,110 2.00%

Approval Rates

Total approvals of all applications
91.06%

Inwood National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
81.87%

Inwood National Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 675 $275,815,000 $408,615

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
675 $275,815,000 $408,615

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 56 $12,480,000 $222,857 $3,975 2.70%
40-60% 148 $45,020,000 $304,189 $4,566 2.79%
60-80% 322 $156,620,000 $486,398 $5,127 2.96%
80-100% 134 $59,520,000 $444,179 $5,771 2.89%
Over 100% 1 $825,000 $825,000 $35,607 2.38%
Under 20% 13 $1,205,000 $92,692 $1,831 3.58%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Indian River County Habitat for Humanity, Inc. Other type of mortgage Struggling to pay mortgage 1 100.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Inwood National Bank 219 East Camp Wisdom Road Duncanville, TX 75116 Full Service B&M $124,543
Inwood National Bank 1100 Centennial Boulevard Richardson, TX 75081 Full Service B&M $364,761
Inwood National Bank 1200 Main Street Garland, TX 75040 Full Service B&M $125,592
Inwood National Bank 1312 Washington Street Commerce, TX 75428 Full Service B&M $28,548
Inwood National Bank 13760 Noel Road, Suite 100 Dallas, TX 75240 Full Service B&M $266,528
Inwood National Bank 1551 South Buckner Dallas, TX 75217 Full Service B&M $86,914
Inwood National Bank 1801 North Hampton Street De Soto, TX 75115 Full Service B&M $84,088
Inwood National Bank 198 Turtle Creek Village Dallas, TX 75219 Full Service B&M $186,667
Inwood National Bank 200 South Highway 78 Wylie, TX 75098 Full Service B&M $246,478
Inwood National Bank 2220 San Jacinto Blvd Denton, TX 76205 Full Service B&M $88,229
Inwood National Bank 2830 Ridge Road Rockwall, TX 75087 Full Service B&M $171,121
Inwood National Bank 7621 Inwood Road Dallas, TX 75209 Full Service B&M $1,466,747
Inwood National Bank 777 Taylor Street - Suite 102 Fort Worth, TX 76102 Full Service B&M $126,186
Inwood National Bank 8500 Highway 66 Rowlett, TX 75088 Full Service B&M $74,144

For 2021, Inwood National Bank had 14 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $112,476
Net interest income $105,781
Total noninterest income $8,946
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,107
Trading account gains and fees $0
Additional Noninterest Income $7,839
Pre-tax net operating income $67,005
Securities gains (or losses, -) $0
Income before extraordinary items $67,005
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $67,005
Minority interest net income $0
Net income $67,005
Sale, conversion, retirement of capital stock, net $0
Net operating income $67,005

Inwood National Bank's gross interest income from loans was $112,476,000.
Inwood National Bank's net interest income from loans was $105,781,000.
Inwood National Bank's fee based income from loans was $1,107,000.
Inwood National Bank's net income from loans was $67,005,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $6,695
Provision for credit losses $400
Total noninterest expense $47,322
Salaries and employee benefits $28,506
Premises and equipment expense $6,221
Additional noninterest expense $12,595
Applicable income taxes $0
Net charge-offs $-1
Cash dividends $38,000

Inwood National Bank's interest expense for loans was $6,695,000.
Inwood National Bank's payroll and benefits expense were $28,506,000.
Inwood National Bank's property, plant and equipment expenses $6,221,000.

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 1.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
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 $3,777,877
Deposits held in domestic offices $3,777,877
Deposits by Individuals, partnerships, and corporations $3,728,164
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $40,758
Deposits by Commercial banks and other depository institutions in U.S. $8,955
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $528,854
Demand deposits $468,825
Nontransaction accounts $3,249,023
Money market deposit accounts (MMDAs) $1,509,310
Other savings deposits (excluding MMDAs) $1,384,156
Total time deposits $355,557
Total time and savings deposits $3,309,052
Noninterest-bearing deposits $1,601,691
Interest-bearing deposits $2,176,186
Retail deposits $3,589,076
IRAs and Keogh plan accounts $33,046
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $4,275,171
Cash & Balances due from depository institutions $355,950
Interest-bearing balances $333,285
Total securities $1,770,565
Federal funds sold & reverse repurchase $0
Net loans and leases $2,068,515
Loan and leases loss allowance $21,118
Trading account assets $0
Bank premises and fixed assets $23,608
Other real estate owned $0
Goodwill and other intangibles $30,484
All other assets $26,049

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $4,275,171
Total Liabilities $3,885,923
Total deposits $3,777,877
Interest-bearing deposits $2,176,186
Deposits held in domestic offices $3,777,877
% insured (estimated) $41
Federal funds purchased and repurchase agreements $99,112
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $8,934

Issued Loan Types

Type Value (in 000's)
Net loans and leases $2,068,515
Loan and leases loss allowance $21,118
Total loans and leases (domestic) $2,089,633
All real estate loans $1,978,896
Real estate loans in domestic offices $1,978,896
Construction and development loans $170,659
Residential 1-4 family construction $13,345
Other construction, all land development and other land $157,314
Loans secured by nonfarm nonresidential properties $1,389,280
Nonfarm nonresidential secured by owner-occupied properties $377,449
Commercial real estate & other non-farm, non-residential $1,011,831
Multifamily residential real estate $91,402
1-4 family residential loans $327,555
Farmland loans $0
Loans held in foreign offices $0
Farm loans $912
Commercial and industrial loans $93,073
To non-U.S. addressees $0
Loans to individuals $4,835
Credit card loans $0
Related Plans $86
Consumer Auto Loans $1,018
Other loans to individuals $3,731
All other loans & leases $11,918
Loans to foreign governments and official institutions $0
Other loans $11,918
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $3,095
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Inwood National Bank had $2,068,515,000 of loans outstanding in 2021. $1,978,896,000 of loans were in real estate loans. $170,659,000 of loans were in development loans. $91,402,000 of loans were in multifamily mortgage loans. $327,555,000 of loans were in 1-4 family mortgage loans. $912,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,018,000 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 307 $88,398 $287,941
Nonfarm, nonresidential loans - <$100k 28 $1,250 $44,643
Nonfarm, nonresidential loans - $100-250k 72 $7,930 $110,139
Nonfarm, nonresidential loans - $250k-1MM 207 $79,218 $382,696
Commercial & Industrial, US addressed loans - <$1MM 391 $35,257 $90,171
Commercial & Industrial, US addressed loans - <$100k 217 $5,658 $26,074
Commercial & Industrial, US addressed loans - $100-250k 73 $6,369 $87,247
Commercial & Industrial, US addressed loans - $250k-1MM 101 $23,230 $230,000
Agriculture operations loans - <$1MM 19 $912 $48,000
Agriculture operations loans - <$100k 14 $242 $17,286
Agriculture operations loans - $100-250k 2 $109 $54,500
Agriculture operations loans - $250k-1MM 3 $561 $187,000