West Texas National Bank Mortgage Rates, Fees & Info
Midland, TXLEI: 549300ALAL7EW71UE133
Tax ID: 74-0481852
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Mortgage Data
Bank Data
Review & Overview
West Texas National Bank is a smaller bank specializing in Home Purchase and Refi loans. West Texas National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Midland, Dallas, Lubbock, Pecos, and Kalispell among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)West Texas National Bank has an 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
74Origination Dollar Volume (All Markets)
$19,240,000Employee count
171Top 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 |
|---|---|---|---|---|---|
| MIDLAND, TX (FHA|USDA|VA) | 23 | $7,315,000 | $318,043 | $0 | 0.00% |
| Outside of Metro Areas | 30 | $4,580,000 | $152,667 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $2,960,000 | $740,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $0 | 0.00% |
| Pecos, TX (FHA|USDA|VA) | 7 | $1,045,000 | $149,286 | $0 | 0.00% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Del Rio, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Andrews, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 74 | $19,240,000 | $260,000 | $0 | 0.00% |
For 2018, West Texas National Bank's most frequently originated type of loan was Conventional, with 74 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 40 | $11,830,000 | $295,750 | $0 | 0.00% |
| Refi | 20 | $6,190,000 | $309,500 | $0 | 0.00% |
| Home Improvement | 14 | $1,220,000 | $87,143 | $0 | 0.00% |
For 2018, West Texas National Bank's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 74 | $19,240,000 | $260,000 | $0 | 0.00% |
For 2018, West Texas National Bank's most frequently cited loan duration was Other, with 74 originations.
Loan Sizing
2018 saw West Texas National Bank place emphasis on $100,000 or less loans with 24 originations, totaling $1,460,000 in origination value.
Applicant Income
West Texas National Bank lent most frequently to those with incomes in the $250k+ range, with 19 originations. The second most popular income band? $150k-250k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 74 | $19,240,000 | $260,000 | $0 | 0.00% |
West Texas National Bank lent most frequently to those with DTI ratios of Exempt%, with 74 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.71%
West Texas National Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.49%
West Texas National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 74 | $19,240,000 | $260,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 2 | $1,080,000 | $540,000 |
| Single Family (1-4 Units):Site-Built | 72 | $18,160,000 | $252,222 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| West Texas National Bank | 53610 Texas 118 Terlingua, TX 79852 | Full Service B&M | $13,972 |
| West Texas National Bank | #6 Desta Drive Midland, TX 79705 | Full Service B&M | $302,097 |
| West Texas National Bank | 101 E Avenue E Alpine, TX 79830 | Full Service B&M | $104,089 |
| West Texas National Bank | 101 East Avenue Kermit, TX 79745 | Full Service B&M | $39,635 |
| West Texas National Bank | 112 East Sixth Street Pecos, TX 79772 | Full Service B&M | $231,190 |
| West Texas National Bank | 200 Southeast Avenue B Seminole, TX 79360 | Full Service B&M | $116,989 |
| West Texas National Bank | 300 N. Marienfeld Midland, TX 79701 | Full Service B&M | $232,398 |
| West Texas National Bank | 5401 W Wadley Midland, TX 79707 | Full Service B&M | $40,531 |
| West Texas National Bank | 720 South Gaston Street Crane, TX 79731 | Full Service B&M | $37,074 |
| West Texas National Bank | 810 East Broadway Denver City, TX 79323 | Full Service B&M | $30,248 |
For 2018, West Texas National Bank had 10 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $50,898 |
| Net interest income | $47,304 |
| Total noninterest income | $5,739 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $2,082 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,657 |
| Pre-tax net operating income | $26,989 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $26,989 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $26,989 |
| Minority interest net income | $0 |
| Net income | $26,989 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $26,989 |
West Texas National Bank's gross interest income from loans was $50,898,000.
West Texas National Bank's net interest income from loans was $47,304,000.
West Texas National Bank's fee based income from loans was $2,082,000.
West Texas National Bank's net income from loans was $26,989,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,594 |
| Provision for credit losses | $16 |
| Total noninterest expense | $26,038 |
| Salaries and employee benefits | $12,820 |
| Premises and equipment expense | $3,408 |
| Additional noninterest expense | $9,810 |
| Applicable income taxes | $0 |
| Net charge-offs | $357 |
| Cash dividends | $9,101 |
West Texas National Bank's interest expense for loans was $3,594,000.
West Texas National Bank's payroll and benefits expense were $12,820,000.
West Texas National Bank's property, plant and equipment expenses $3,408,000.
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 | 2.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $1,288,660 |
| Deposits held in domestic offices | $1,288,660 |
| Deposits by Individuals, partnerships, and corporations | $1,141,444 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $146,673 |
| Deposits by Commercial banks and other depository institutions in U.S. | $543 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $180,744 |
| Demand deposits | $136,000 |
| Nontransaction accounts | $1,107,916 |
| Money market deposit accounts (MMDAs) | $925,343 |
| Other savings deposits (excluding MMDAs) | $79,387 |
| Total time deposits | $103,185 |
| Total time and savings deposits | $1,152,660 |
| Noninterest-bearing deposits | $680,387 |
| Interest-bearing deposits | $608,273 |
| Retail deposits | $1,237,488 |
| IRAs and Keogh plan accounts | $7,499 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,430,581 |
| Cash & Balances due from depository institutions | $220,129 |
| Interest-bearing balances | $203,911 |
| Total securities | $477,955 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $677,800 |
| Loan and leases loss allowance | $10,174 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $10,225 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $8,842 |
| All other assets | $35,630 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,430,581 |
| Total Liabilities | $1,295,120 |
| Total deposits | $1,288,660 |
| Interest-bearing deposits | $608,273 |
| Deposits held in domestic offices | $1,288,660 |
| % insured (estimated) | $57 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $6,460 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $677,800 |
| Loan and leases loss allowance | $10,174 |
| Total loans and leases (domestic) | $687,974 |
| All real estate loans | $299,151 |
| Real estate loans in domestic offices | $299,151 |
| Construction and development loans | $50,623 |
| Residential 1-4 family construction | $16,134 |
| Other construction, all land development and other land | $34,489 |
| Loans secured by nonfarm nonresidential properties | $100,564 |
| Nonfarm nonresidential secured by owner-occupied properties | $34,025 |
| Commercial real estate & other non-farm, non-residential | $66,539 |
| Multifamily residential real estate | $4,517 |
| 1-4 family residential loans | $103,102 |
| Farmland loans | $40,345 |
| Loans held in foreign offices | $0 |
| Farm loans | $12,995 |
| Commercial and industrial loans | $366,363 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $9,465 |
| Credit card loans | $0 |
| Related Plans | $175 |
| Consumer Auto Loans | $4,005 |
| Other loans to individuals | $5,285 |
| All other loans & leases | $0 |
| 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 | $160 |
| Non 1-4 family restructured loans & leases | $160 |
| Total loans and leases (foreign) | $0 |
West Texas National Bank had $677,800,000 of loans outstanding in 2018. $299,151,000 of loans were in real estate loans. $50,623,000 of loans were in development loans. $4,517,000 of loans were in multifamily mortgage loans. $103,102,000 of loans were in 1-4 family mortgage loans. $12,995,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,005,000 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 | 67 | $10,596 | $158,149 |
| Nonfarm, nonresidential loans - <$100k | 21 | $1,065 | $50,714 |
| Nonfarm, nonresidential loans - $100-250k | 29 | $3,502 | $120,759 |
| Nonfarm, nonresidential loans - $250k-1MM | 17 | $6,029 | $354,647 |
| Commercial & Industrial, US addressed loans - <$1MM | 306 | $31,100 | $101,634 |
| Commercial & Industrial, US addressed loans - <$100k | 172 | $3,524 | $20,488 |
| Commercial & Industrial, US addressed loans - $100-250k | 67 | $5,460 | $81,493 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 67 | $22,116 | $330,090 |
| Farmland loans - <$1MM | 30 | $4,085 | $136,167 |
| Farmland loans - <$100k | 11 | $486 | $44,182 |
| Farmland loans - $100-250k | 10 | $1,060 | $106,000 |
| Farmland loans - $250k-1MM | 9 | $2,539 | $282,111 |
| Agriculture operations loans - <$1MM | 80 | $6,873 | $85,913 |
| Agriculture operations loans - <$100k | 42 | $1,145 | $27,262 |
| Agriculture operations loans - $100-250k | 23 | $2,332 | $101,391 |
| Agriculture operations loans - $250k-1MM | 15 | $3,396 | $226,400 |