First National Bank Of Central Texas Mortgage Rates, Fees & Info

Waco, TX

LEI: 549300B3LJV7BU7IY610

Tax ID: 74-0766260

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First National Bank Of Central Texas is a smaller bank specializing in Home Purchase and Refi loans. First National Bank Of Central Texas has a high proportion of conventional loans. Their top markets include Waco, College Station, Houston, Killeen, and Los Angeles among others. First National Bank Of Central Texas has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors.


Originations

289

Origination Dollar Volume (All Markets)

$83,985,000

Employee count

106

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
WACO, TX (FHA|USDA|VA) 174 $43,420,000 $249,540 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 50 $21,870,000 $437,400 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 10 $6,400,000 $640,000 $0 0.00%
Outside of Metro Areas 30 $5,270,000 $175,667 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 11 $1,315,000 $119,545 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,060,000 $265,000 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $565,000 $565,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
Kerrville, TX (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Alamogordo, NM (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Starkville, MS (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Brownwood, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
LONGVIEW, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%

First National Bank Of Central Texas's top markets include Waco, College Station, Houston, Killeen, and Los Angeles among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 289 $83,985,000 $290,606 $0 0.00%

For the 2021 period, First National Bank Of Central Texas's most frequently originated loan type of loans were Conventional, with 289 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 202 $51,340,000 $254,158 $0 0.00%
Refi 78 $31,650,000 $405,769 $0 0.00%
Home Improvement 9 $995,000 $110,556 $0 0.00%

For the 2021, First National Bank Of Central Texas's most frequently cited loan purpose of loans were Home Purchase, with 202 originations. The 2nd most popular reason of loans were Refi, with 78 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 289 $83,985,000 $290,606 $0 0.00%

For the 2021, First National Bank Of Central Texas's most frequently cited loan length of loans were Other, with 289 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 98 $14,260,000 $145,510 $0 0.00%
$200k-400k 73 $21,055,000 $288,425 $0 0.00%
$100,000 or less 72 $4,590,000 $63,750 $0 0.00%
$400k-600k 18 $8,800,000 $488,889 $0 0.00%
$600k-1MM 15 $10,705,000 $713,667 $0 0.00%
$1MM+ 13 $24,575,000 $1,890,385 $0 0.00%

2021 saw First National Bank Of Central Texas place emphasis on $100k-200k loans with 98 originations, totaling $14,260,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 44 $12,610,000 $286,591 $0 0.00%
$150k-250k 33 $8,165,000 $247,424 $0 0.00%
$50k or less 28 $3,740,000 $133,571 $0 0.00%
$100k-150k 27 $5,835,000 $216,111 $0 0.00%
$75k-100k 22 $4,470,000 $203,182 $0 0.00%
$50k-75k 21 $3,625,000 $172,619 $0 0.00%

First National Bank Of Central Texas lent most frequently to those with incomes in the $250k+ range, with 44 originations. The second most popular income band? $150k-250k, with 33 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 289 $83,985,000 $290,606 $0 0.00%

First National Bank Of Central Texas lent most frequently to those with DTI ratios of Exempt%, with 289 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 112 $45,070,000 $402,411 $0 0.00%
White 167 $37,145,000 $222,425 $0 0.00%
Black 6 $980,000 $163,333 $0 0.00%
Asian 1 $365,000 $365,000 $0 0.00%
Other Asian 1 $195,000 $195,000 $0 0.00%
American Indian 1 $145,000 $145,000 $0 0.00%
Not provided 1 $85,000 $85,000 $0 0.00%

Approval Rates

Total approvals of all applications
98.93%

First National Bank Of Central Texas 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
94.87%

First National Bank Of Central Texas has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 289 $83,985,000 $290,606

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
289 $83,985,000 $290,606

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 1 25.0%
FIRST NATIONAL BANK OF OMAHA FHA mortgage Improper use of your report 1 25.0%
FIRST NATIONAL BANK OF OMAHA Other type of mortgage Struggling to pay mortgage 1 25.0%
FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First National Bank of Central Texas 10332 China Spring Road Waco, TX 76708 Full Service B&M $49,323
First National Bank of Central Texas 1835 North Valley Mills Drive Waco, TX 76712 Full Service B&M $526,330
First National Bank of Central Texas 300 Elm Hillsboro, TX 76645 Full Service B&M $81,105
First National Bank of Central Texas 501 Texas Avenue Mart, TX 76664 Full Service B&M $48,223
First National Bank of Central Texas 7500 W. Woodway Drive Waco, TX 76712 Full Service B&M $336,397

For 2021, First National Bank Of Central Texas had 5 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $39,183
Net interest income $35,419
Total noninterest income $9,442
Gross Fiduciary activities income $0
Service charges on deposit accounts $4,409
Trading account gains and fees $0
Additional Noninterest Income $5,033
Pre-tax net operating income $19,342
Securities gains (or losses, -) $19
Income before extraordinary items $19,361
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $19,361
Minority interest net income $0
Net income $19,361
Sale, conversion, retirement of capital stock, net $0
Net operating income $19,342

First National Bank Of Central Texas's gross interest income from loans was $39,183,000.
First National Bank Of Central Texas's net interest income from loans was $35,419,000.
First National Bank Of Central Texas's fee based income from loans was $4,409,000.
First National Bank Of Central Texas's net income from loans was $19,361,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,764
Provision for credit losses $3,255
Total noninterest expense $22,264
Salaries and employee benefits $10,927
Premises and equipment expense $1,996
Additional noninterest expense $9,341
Applicable income taxes $0
Net charge-offs $2,491
Cash dividends $10,881

First National Bank Of Central Texas's interest expense for loans was $3,764,000.
First National Bank Of Central Texas's payroll and benefits expense were $10,927,000.
First National Bank Of Central Texas's property, plant and equipment expenses $1,996,000.

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 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 $1,167,348
Deposits held in domestic offices $1,167,348
Deposits by Individuals, partnerships, and corporations $1,112,280
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $55,068
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 $621,095
Demand deposits $425,205
Nontransaction accounts $546,253
Money market deposit accounts (MMDAs) $284,946
Other savings deposits (excluding MMDAs) $82,298
Total time deposits $179,009
Total time and savings deposits $742,143
Noninterest-bearing deposits $425,205
Interest-bearing deposits $742,143
Retail deposits $1,088,698
IRAs and Keogh plan accounts $17,429
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,295,646
Cash & Balances due from depository institutions $324,655
Interest-bearing balances $307,264
Total securities $70,009
Federal funds sold & reverse repurchase $0
Net loans and leases $859,304
Loan and leases loss allowance $9,921
Trading account assets $0
Bank premises and fixed assets $9,972
Other real estate owned $0
Goodwill and other intangibles $1,043
All other assets $30,663

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,295,646
Total Liabilities $1,188,663
Total deposits $1,167,348
Interest-bearing deposits $742,143
Deposits held in domestic offices $1,167,348
% insured (estimated) $54
Federal funds purchased and repurchase agreements $13,550
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $7,765

Issued Loan Types

Type Value (in 000's)
Net loans and leases $859,304
Loan and leases loss allowance $9,921
Total loans and leases (domestic) $869,225
All real estate loans $661,917
Real estate loans in domestic offices $661,917
Construction and development loans $123,890
Residential 1-4 family construction $47,325
Other construction, all land development and other land $76,565
Loans secured by nonfarm nonresidential properties $336,933
Nonfarm nonresidential secured by owner-occupied properties $130,591
Commercial real estate & other non-farm, non-residential $206,342
Multifamily residential real estate $14,456
1-4 family residential loans $144,883
Farmland loans $41,755
Loans held in foreign offices $0
Farm loans $19,535
Commercial and industrial loans $152,647
To non-U.S. addressees $0
Loans to individuals $10,007
Credit card loans $0
Related Plans $0
Consumer Auto Loans $3,987
Other loans to individuals $6,020
All other loans & leases $25,119
Loans to foreign governments and official institutions $0
Other loans $25,119
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 $72
Non 1-4 family restructured loans & leases $72
Total loans and leases (foreign) $0

First National Bank of Central Texas had $859,304,000 of loans outstanding in 2021. $661,917,000 of loans were in real estate loans. $123,890,000 of loans were in development loans. $14,456,000 of loans were in multifamily mortgage loans. $144,883,000 of loans were in 1-4 family mortgage loans. $19,535,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,987,000 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 293 $86,584 $295,509
Nonfarm, nonresidential loans - <$100k 60 $2,798 $46,633
Nonfarm, nonresidential loans - $100-250k 67 $8,932 $133,313
Nonfarm, nonresidential loans - $250k-1MM 166 $74,854 $450,928
Commercial & Industrial, US addressed loans - <$1MM 973 $67,765 $69,645
Commercial & Industrial, US addressed loans - <$100k 709 $16,230 $22,891
Commercial & Industrial, US addressed loans - $100-250k 133 $13,298 $99,985
Commercial & Industrial, US addressed loans - $250k-1MM 131 $38,237 $291,885
Farmland loans - <$1MM 107 $15,474 $144,617
Farmland loans - <$100k 35 $1,589 $45,400
Farmland loans - $100-250k 47 $6,284 $133,702
Farmland loans - $250k-1MM 25 $7,601 $304,040
Agriculture operations loans - <$1MM 215 $7,516 $34,958
Agriculture operations loans - <$100k 189 $3,833 $20,280
Agriculture operations loans - $100-250k 17 $1,896 $111,529
Agriculture operations loans - $250k-1MM 9 $1,787 $198,556