West Texas National Bank Mortgage Rates, Fees & Info

Midland, TX

LEI: 549300ALAL7EW71UE133

Tax ID: 74-0481852

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    West Texas National Bank is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    176

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    West Texas National Bank 810 East Broadway Denver City, TX 79323 Full Service B&M $36,414
    West Texas National Bank #6 Desta Drive, Suite 2400 Midland, TX 79705 Full Service B&M $385,796
    West Texas National Bank 101 E Avenue E Alpine, TX 79830 Full Service B&M $124,473
    West Texas National Bank 101 East Avenue Kermit, TX 79745 Full Service B&M $58,161
    West Texas National Bank 112 East Sixth Street Pecos, TX 79772 Full Service B&M $251,629
    West Texas National Bank 200 Southeast Avenue B Seminole, TX 79360 Full Service B&M $142,629
    West Texas National Bank 300 N. Marienfeld Midland, TX 79701 Full Service B&M $170,648
    West Texas National Bank 53610 Texas 118 Terlingua, TX 79852 Full Service B&M $18,969
    West Texas National Bank 5401 W Wadley Midland, TX 79707 Full Service B&M $44,894
    West Texas National Bank 6010 E Highway 191 Odessa, TX 79762 Full Service B&M $1,266
    West Texas National Bank 720 South Gaston Street Crane, TX 79731 Full Service B&M $34,924

    For 2021, West Texas National Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $41,725
    Net interest income $40,347
    Total noninterest income $5,255
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,413
    Trading account gains and fees $0
    Additional Noninterest Income $3,842
    Pre-tax net operating income $12,995
    Securities gains (or losses, -) $-1,576
    Income before extraordinary items $11,419
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,419
    Minority interest net income $0
    Net income $11,419
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,995

    West Texas National Bank's gross interest income from loans was $41,725,000.
    West Texas National Bank's net interest income from loans was $40,347,000.
    West Texas National Bank's fee based income from loans was $1,413,000.
    West Texas National Bank's net income from loans was $11,419,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,378
    Provision for credit losses $2,210
    Total noninterest expense $30,397
    Salaries and employee benefits $14,200
    Premises and equipment expense $4,590
    Additional noninterest expense $11,607
    Applicable income taxes $0
    Net charge-offs $307
    Cash dividends $3,800

    West Texas National Bank's interest expense for loans was $1,378,000.
    West Texas National Bank's payroll and benefits expense were $14,200,000.
    West Texas National Bank's property, plant and equipment expenses $4,590,000.

    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    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 $1,635,078
    Deposits held in domestic offices $1,635,078
    Deposits by Individuals, partnerships, and corporations $1,425,878
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $208,641
    Deposits by Commercial banks and other depository institutions in U.S. $560
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $319,390
    Demand deposits $259,997
    Nontransaction accounts $1,315,689
    Money market deposit accounts (MMDAs) $1,120,604
    Other savings deposits (excluding MMDAs) $108,621
    Total time deposits $86,463
    Total time and savings deposits $1,375,082
    Noninterest-bearing deposits $899,686
    Interest-bearing deposits $735,392
    Retail deposits $1,596,686
    IRAs and Keogh plan accounts $7,152
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,803,065
    Cash & Balances due from depository institutions $510,343
    Interest-bearing balances $491,113
    Total securities $358,921
    Federal funds sold & reverse repurchase $0
    Net loans and leases $864,292
    Loan and leases loss allowance $16,071
    Trading account assets $0
    Bank premises and fixed assets $13,012
    Other real estate owned $0
    Goodwill and other intangibles $8,842
    All other assets $47,655

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,803,065
    Total Liabilities $1,639,819
    Total deposits $1,635,078
    Interest-bearing deposits $735,392
    Deposits held in domestic offices $1,635,078
    % insured (estimated) $51
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,741

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $864,292
    Loan and leases loss allowance $16,071
    Total loans and leases (domestic) $880,363
    All real estate loans $542,701
    Real estate loans in domestic offices $542,701
    Construction and development loans $81,745
    Residential 1-4 family construction $14,262
    Other construction, all land development and other land $67,483
    Loans secured by nonfarm nonresidential properties $165,624
    Nonfarm nonresidential secured by owner-occupied properties $53,038
    Commercial real estate & other non-farm, non-residential $112,586
    Multifamily residential real estate $55,428
    1-4 family residential loans $215,279
    Farmland loans $24,625
    Loans held in foreign offices $0
    Farm loans $13,976
    Commercial and industrial loans $318,137
    To non-U.S. addressees $0
    Loans to individuals $5,548
    Credit card loans $0
    Related Plans $105
    Consumer Auto Loans $1,383
    Other loans to individuals $4,060
    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 $48
    Non 1-4 family restructured loans & leases $48
    Total loans and leases (foreign) $0

    West Texas National Bank had $864,292,000 of loans outstanding in 2021. $542,701,000 of loans were in real estate loans. $81,745,000 of loans were in development loans. $55,428,000 of loans were in multifamily mortgage loans. $215,279,000 of loans were in 1-4 family mortgage loans. $13,976,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,383,000 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 76 $16,688 $219,579
    Nonfarm, nonresidential loans - <$100k 16 $673 $42,063
    Nonfarm, nonresidential loans - $100-250k 33 $4,397 $133,242
    Nonfarm, nonresidential loans - $250k-1MM 27 $11,618 $430,296
    Commercial & Industrial, US addressed loans - <$1MM 278 $25,945 $93,327
    Commercial & Industrial, US addressed loans - <$100k 160 $3,359 $20,994
    Commercial & Industrial, US addressed loans - $100-250k 61 $6,265 $102,705
    Commercial & Industrial, US addressed loans - $250k-1MM 57 $16,321 $286,333
    Farmland loans - <$1MM 29 $3,855 $132,931
    Farmland loans - <$100k 10 $311 $31,100
    Farmland loans - $100-250k 11 $1,483 $134,818
    Farmland loans - $250k-1MM 8 $2,061 $257,625
    Agriculture operations loans - <$1MM 62 $4,006 $64,613
    Agriculture operations loans - <$100k 35 $953 $27,229
    Agriculture operations loans - $100-250k 16 $1,598 $99,875
    Agriculture operations loans - $250k-1MM 11 $1,455 $132,273