First National Bank Of Central Texas Mortgage Rates, Fees & Info
Waco, TX
LEI: 549300B3LJV7BU7IY610
Tax ID: 74-0766260
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Mortgage Data
Bank 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
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.
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 |
