Texas National Bank Mortgage Rates, Fees & Info

Mercedes, TX

LEI: 549300BG31WZXGJRH472

Tax ID: 74-0780455

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Mortgage Data

Bank Data

Review & Overview

Texas National Bank is a smaller bank specializing in Home Purchase and Refi loans. Texas National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Mcallen, San Diego, Brownsville, San Antonio, and Jacksonville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

39

Origination Dollar Volume (All Markets)

$12,805,000

Employee count

81

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
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 33 $10,335,000 $313,182 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $0 0.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $500,000 $250,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Texas National Bank's top markets include Mcallen, San Diego, Brownsville, San Antonio, and Jacksonville among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 39 $12,805,000 $328,333 $0 0.00%

    For 2018, Texas National Bank's most frequently originated type of loan was Conventional, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 32 $9,630,000 $300,938 $0 0.00%
    Refi 5 $3,065,000 $613,000 $0 0.00%
    Home Improvement 1 $25,000 $25,000 $0 0.00%
    Cash Out Refi 1 $85,000 $85,000 $0 0.00%

    For 2018, Texas National Bank's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 39 $12,805,000 $328,333 $0 0.00%

    For 2018, Texas National Bank's most frequently cited loan duration was Other, with 39 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 14 $800,000 $57,143 $0 0.00%
    $100k-200k 9 $1,285,000 $142,778 $0 0.00%
    $200k-400k 8 $2,140,000 $267,500 $0 0.00%
    $1MM+ 5 $7,115,000 $1,423,000 $0 0.00%
    $400k-600k 2 $810,000 $405,000 $0 0.00%
    $600k-1MM 1 $655,000 $655,000 $0 0.00%

    2018 saw Texas National Bank place emphasis on $100,000 or less loans with 14 originations, totaling $800,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $1,260,000 $210,000 $0 0.00%
    $75k-100k 6 $580,000 $96,667 $0 0.00%
    $50k-75k 5 $545,000 $109,000 $0 0.00%
    $250k+ 4 $3,530,000 $882,500 $0 0.00%
    $150k-250k 3 $1,555,000 $518,333 $0 0.00%
    $50k or less 3 $155,000 $51,667 $0 0.00%

    Texas National Bank lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $75k-100k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 39 $12,805,000 $328,333 $0 0.00%

    Texas National Bank lent most frequently to those with DTI ratios of Exempt%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 26 $7,550,000 $290,385 $0 0.00%
    Not applicable 12 $5,180,000 $431,667 $0 0.00%
    Asian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.10%

    Texas National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    64.10%

    Texas National Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 39 $12,805,000 $328,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $4,550,000 $758,333
    Single Family (1-4 Units):Site-Built 33 $8,255,000 $250,152

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    The J. G. Wentworth Company Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 7.5%
    The J. G. Wentworth Company Conventional home mortgage Closing on a mortgage 7 17.5%
    The J. G. Wentworth Company Conventional home mortgage Struggling to pay mortgage 1 2.5%
    The J. G. Wentworth Company Conventional home mortgage Trouble during payment process 11 27.5%
    The J. G. Wentworth Company FHA mortgage Applying for a mortgage or refinancing an existing mortgage 4 10.0%
    The J. G. Wentworth Company FHA mortgage Closing on a mortgage 1 2.5%
    The J. G. Wentworth Company FHA mortgage Struggling to pay mortgage 1 2.5%
    The J. G. Wentworth Company FHA mortgage Trouble during payment process 6 15.0%
    The J. G. Wentworth Company Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.5%
    The J. G. Wentworth Company Other type of mortgage Closing on a mortgage 1 2.5%
    The J. G. Wentworth Company VA mortgage Closing on a mortgage 3 7.5%
    The J. G. Wentworth Company VA mortgage Trouble during payment process 1 2.5%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Texas National Bank 201 S. Texas Mercedes, TX 78570 Full Service B&M $59,332
    Texas National Bank 4908 South Jackson Street Edinburg, TX 78539 Full Service B&M $73,265
    Texas National Bank 501 N. Shary Road Mission, TX 78572 Full Service B&M $17,920
    Texas National Bank 621 South International Blvd Weslaco, TX 78596 Full Service B&M $14,031
    Texas National Bank 6901 North 10th Street Mcallen, TX 78504 Full Service B&M $35,706
    Texas National Bank 720 E Edinburg Elsa, TX 78543 Full Service B&M $28,670

    For 2018, Texas National Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,024
    Net interest income $12,086
    Total noninterest income $3,734
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $654
    Trading account gains and fees $0
    Additional Noninterest Income $3,080
    Pre-tax net operating income $5,206
    Securities gains (or losses, -) $-6
    Income before extraordinary items $4,273
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,273
    Minority interest net income $0
    Net income $4,273
    Sale, conversion, retirement of capital stock, net $168
    Net operating income $4,277

    Texas National Bank's gross interest income from loans was $14,024,000.
    Texas National Bank's net interest income from loans was $12,086,000.
    Texas National Bank's fee based income from loans was $654,000.
    Texas National Bank's net income from loans was $4,273,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,938
    Provision for credit losses $321
    Total noninterest expense $10,293
    Salaries and employee benefits $5,784
    Premises and equipment expense $1,792
    Additional noninterest expense $2,717
    Applicable income taxes $927
    Net charge-offs $-32
    Cash dividends $800

    Texas National Bank's interest expense for loans was $1,938,000.
    Texas National Bank's payroll and benefits expense were $5,784,000.
    Texas National Bank's property, plant and equipment expenses $1,792,000.

    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 $265,629
    Deposits held in domestic offices $265,629
    Deposits by Individuals, partnerships, and corporations $152,847
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $88,591
    Deposits by Commercial banks and other depository institutions in U.S. $24,191
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $139,820
    Demand deposits $135,251
    Nontransaction accounts $125,809
    Money market deposit accounts (MMDAs) $16,457
    Other savings deposits (excluding MMDAs) $8,358
    Total time deposits $100,994
    Total time and savings deposits $130,378
    Noninterest-bearing deposits $135,253
    Interest-bearing deposits $130,376
    Retail deposits $227,420
    IRAs and Keogh plan accounts $3,605
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $303,646
    Cash & Balances due from depository institutions $52,291
    Interest-bearing balances $45,976
    Total securities $44,221
    Federal funds sold & reverse repurchase $4,869
    Net loans and leases $178,274
    Loan and leases loss allowance $2,706
    Trading account assets $0
    Bank premises and fixed assets $16,020
    Other real estate owned $1,953
    Goodwill and other intangibles $0
    All other assets $6,018

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $303,646
    Total Liabilities $278,131
    Total deposits $265,629
    Interest-bearing deposits $130,376
    Deposits held in domestic offices $265,629
    % insured (estimated) $60
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $11,170
    Subordinated debt $0
    All other liabilities $1,332

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $178,274
    Loan and leases loss allowance $2,706
    Total loans and leases (domestic) $180,980
    All real estate loans $144,543
    Real estate loans in domestic offices $144,543
    Construction and development loans $27,042
    Residential 1-4 family construction $2,294
    Other construction, all land development and other land $24,748
    Loans secured by nonfarm nonresidential properties $54,744
    Nonfarm nonresidential secured by owner-occupied properties $31,769
    Commercial real estate & other non-farm, non-residential $22,975
    Multifamily residential real estate $6,080
    1-4 family residential loans $49,877
    Farmland loans $6,800
    Loans held in foreign offices $0
    Farm loans $411
    Commercial and industrial loans $30,826
    To non-U.S. addressees $0
    Loans to individuals $5,085
    Credit card loans $588
    Related Plans $105
    Consumer Auto Loans $283
    Other loans to individuals $4,109
    All other loans & leases $114
    Loans to foreign governments and official institutions $0
    Other loans $114
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $6,001
    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

    Texas National Bank had $178,274,000 of loans outstanding in 2018. $144,543,000 of loans were in real estate loans. $27,042,000 of loans were in development loans. $6,080,000 of loans were in multifamily mortgage loans. $49,877,000 of loans were in 1-4 family mortgage loans. $411,000 of loans were in farm loans. $588,000 of loans were in credit card loans. $283,000 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 138 $36,516 $264,609
    Nonfarm, nonresidential loans - <$100k 23 $1,144 $49,739
    Nonfarm, nonresidential loans - $100-250k 48 $6,895 $143,646
    Nonfarm, nonresidential loans - $250k-1MM 67 $28,477 $425,030
    Commercial & Industrial, US addressed loans - <$1MM 160 $18,141 $113,381
    Commercial & Industrial, US addressed loans - <$100k 97 $2,919 $30,093
    Commercial & Industrial, US addressed loans - $100-250k 25 $3,096 $123,840
    Commercial & Industrial, US addressed loans - $250k-1MM 38 $12,126 $319,105
    Farmland loans - <$1MM 28 $3,041 $108,607
    Farmland loans - <$100k 9 $393 $43,667
    Farmland loans - $100-250k 14 $1,524 $108,857
    Farmland loans - $250k-1MM 5 $1,124 $224,800
    Agriculture operations loans - <$1MM 6 $411 $68,500
    Agriculture operations loans - <$100k 3 $85 $28,333
    Agriculture operations loans - $100-250k 1 $30 $30,000
    Agriculture operations loans - $250k-1MM 2 $296 $148,000