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

Review & 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 by origination volume include: Waco, Austin, Dallas, Houston, and Omaha among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Bank Of Central Texas has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

174

Origination Dollar Volume (All Markets)

$29,790,000

Employee count

93

Top 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
WACO, TX (FHA|USDA|VA) 136 $23,040,000 $169,412 $0 0.00%
Outside of Metro Areas 21 $2,265,000 $107,857 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $1,380,000 $345,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,190,000 $297,500 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
Breckenridge, CO (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
LONGVIEW, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Cullowhee, NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Athens, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
First National Bank Of Central Texas's top markets include Waco, Austin, Dallas, Houston, and Omaha among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 174 $29,790,000 $171,207 $0 0.00%

    For 2018, First National Bank Of Central Texas's most frequently originated type of loan was Conventional, with 174 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 120 $21,040,000 $175,333 $0 0.00%
    Refi 42 $7,720,000 $183,810 $0 0.00%
    Home Improvement 10 $630,000 $63,000 $0 0.00%
    Other 2 $400,000 $200,000 $0 0.00%

    For 2018, First National Bank Of Central Texas's most frequently cited loan purpose was Home Purchase, with 120 originations. The 2nd most popular reason was Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 174 $29,790,000 $171,207 $0 0.00%

    For 2018, First National Bank Of Central Texas's most frequently cited loan duration was Other, with 174 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 77 $4,165,000 $54,091 $0 0.00%
    $100k-200k 57 $7,635,000 $133,947 $0 0.00%
    $200k-400k 26 $6,930,000 $266,538 $0 0.00%
    $400k-600k 7 $2,985,000 $426,429 $0 0.00%
    $600k-1MM 4 $3,130,000 $782,500 $0 0.00%
    $1MM+ 3 $4,945,000 $1,648,333 $0 0.00%

    2018 saw First National Bank Of Central Texas place emphasis on $100,000 or less loans with 77 originations, totaling $4,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 24 $2,140,000 $89,167 $0 0.00%
    $150k-250k 23 $3,245,000 $141,087 $0 0.00%
    $250k+ 19 $5,395,000 $283,947 $0 0.00%
    $100k-150k 18 $2,520,000 $140,000 $0 0.00%
    $75k-100k 15 $1,705,000 $113,667 $0 0.00%
    $50k-75k 13 $1,565,000 $120,385 $0 0.00%

    First National Bank Of Central Texas lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $150k-250k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 174 $29,790,000 $171,207 $0 0.00%

    First National Bank Of Central Texas lent most frequently to those with DTI ratios of Exempt%, with 174 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 112 $16,450,000 $146,875 $0 0.00%
    Not applicable 59 $12,875,000 $218,220 $0 0.00%
    Asian 1 $255,000 $255,000 $0 0.00%
    American Indian 1 $185,000 $185,000 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.87%

    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
    94.25%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 174 $29,790,000 $171,207

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $6,385,000 $709,444
    Single Family (1-4 Units):Manufactured 3 $395,000 $131,667
    Single Family (1-4 Units):Site-Built 162 $23,010,000 $142,037

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 50.0%

    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 $32,691
    First National Bank of Central Texas 1835 North Valley Mills Drive Waco, TX 76712 Full Service B&M $455,719
    First National Bank of Central Texas 300 Elm Hillsboro, TX 76645 Full Service B&M $60,908
    First National Bank of Central Texas 501 Texas Avenue Mart, TX 76664 Full Service B&M $41,693
    First National Bank of Central Texas 7500 W. Woodway Drive Waco, TX 76712 Full Service B&M $174,129

    For 2018, First National Bank Of Central Texas had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $36,853
    Net interest income $32,139
    Total noninterest income $5,419
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,220
    Trading account gains and fees $0
    Additional Noninterest Income $2,199
    Pre-tax net operating income $18,352
    Securities gains (or losses, -) $13
    Income before extraordinary items $18,365
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,365
    Minority interest net income $0
    Net income $18,365
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,352

    First National Bank Of Central Texas's gross interest income from loans was $36,853,000.
    First National Bank Of Central Texas's net interest income from loans was $32,139,000.
    First National Bank Of Central Texas's fee based income from loans was $3,220,000.
    First National Bank Of Central Texas's net income from loans was $18,365,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,714
    Provision for credit losses $850
    Total noninterest expense $18,356
    Salaries and employee benefits $9,104
    Premises and equipment expense $2,613
    Additional noninterest expense $6,639
    Applicable income taxes $0
    Net charge-offs $42
    Cash dividends $12,337

    First National Bank Of Central Texas's interest expense for loans was $4,714,000.
    First National Bank Of Central Texas's payroll and benefits expense were $9,104,000.
    First National Bank Of Central Texas's property, plant and equipment expenses $2,613,000.

    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 $755,259
    Deposits held in domestic offices $755,259
    Deposits by Individuals, partnerships, and corporations $722,132
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $32,568
    Deposits by Commercial banks and other depository institutions in U.S. $559
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $36,917
    Demand deposits $24,617
    Nontransaction accounts $718,342
    Money market deposit accounts (MMDAs) $517,288
    Other savings deposits (excluding MMDAs) $38,780
    Total time deposits $162,274
    Total time and savings deposits $730,642
    Noninterest-bearing deposits $199,519
    Interest-bearing deposits $555,740
    Retail deposits $697,688
    IRAs and Keogh plan accounts $14,780
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $851,721
    Cash & Balances due from depository institutions $42,333
    Interest-bearing balances $514
    Total securities $58,464
    Federal funds sold & reverse repurchase $0
    Net loans and leases $716,273
    Loan and leases loss allowance $8,167
    Trading account assets $0
    Bank premises and fixed assets $10,380
    Other real estate owned $23
    Goodwill and other intangibles $1,043
    All other assets $23,205

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $851,721
    Total Liabilities $769,858
    Total deposits $755,259
    Interest-bearing deposits $555,740
    Deposits held in domestic offices $755,259
    % insured (estimated) $62
    Federal funds purchased and repurchase agreements $7,313
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $7,286

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $716,273
    Loan and leases loss allowance $8,167
    Total loans and leases (domestic) $724,440
    All real estate loans $506,127
    Real estate loans in domestic offices $506,127
    Construction and development loans $76,206
    Residential 1-4 family construction $19,152
    Other construction, all land development and other land $57,054
    Loans secured by nonfarm nonresidential properties $269,703
    Nonfarm nonresidential secured by owner-occupied properties $124,818
    Commercial real estate & other non-farm, non-residential $144,885
    Multifamily residential real estate $8,020
    1-4 family residential loans $121,042
    Farmland loans $31,156
    Loans held in foreign offices $0
    Farm loans $19,028
    Commercial and industrial loans $168,467
    To non-U.S. addressees $0
    Loans to individuals $9,541
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,211
    Other loans to individuals $5,330
    All other loans & leases $21,277
    Loans to foreign governments and official institutions $0
    Other loans $21,277
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First National Bank of Central Texas had $716,273,000 of loans outstanding in 2018. $506,127,000 of loans were in real estate loans. $76,206,000 of loans were in development loans. $8,020,000 of loans were in multifamily mortgage loans. $121,042,000 of loans were in 1-4 family mortgage loans. $19,028,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,211,000 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 256 $61,028 $238,391
    Nonfarm, nonresidential loans - <$100k 69 $3,004 $43,536
    Nonfarm, nonresidential loans - $100-250k 78 $10,646 $136,487
    Nonfarm, nonresidential loans - $250k-1MM 109 $47,378 $434,661
    Commercial & Industrial, US addressed loans - <$1MM 951 $71,558 $75,245
    Commercial & Industrial, US addressed loans - <$100k 697 $14,363 $20,607
    Commercial & Industrial, US addressed loans - $100-250k 127 $14,483 $114,039
    Commercial & Industrial, US addressed loans - $250k-1MM 127 $42,712 $336,315
    Farmland loans - <$1MM 111 $14,675 $132,207
    Farmland loans - <$100k 51 $1,925 $37,745
    Farmland loans - $100-250k 35 $4,723 $134,943
    Farmland loans - $250k-1MM 25 $8,027 $321,080
    Agriculture operations loans - <$1MM 252 $8,991 $35,679
    Agriculture operations loans - <$100k 208 $4,168 $20,038
    Agriculture operations loans - $100-250k 34 $3,409 $100,265
    Agriculture operations loans - $250k-1MM 10 $1,414 $141,400