Texas National Bank Mortgage Rates, Fees & Info
Mercedes, TXLEI: 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, Miami, Oklahoma City, San Antonio, and Brownsville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Texas National Bank has an above 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
61Origination Dollar Volume (All Markets)
$19,975,000Employee count
99Top 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) | 54 | $17,290,000 | $320,185 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $745,000 | $745,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 61 | $19,975,000 | $327,459 | $0 | 0.00% |
For 2019, Texas National Bank's most frequently originated type of loan was Conventional, with 61 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 44 | $13,350,000 | $303,409 | $0 | 0.00% |
| Refi | 16 | $6,610,000 | $413,125 | $0 | 0.00% |
| Home Improvement | 1 | $15,000 | $15,000 | $0 | 0.00% |
For 2019, Texas National Bank's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 61 | $19,975,000 | $327,459 | $0 | 0.00% |
For 2019, Texas National Bank's most frequently cited loan duration was Other, with 61 originations.
Loan Sizing
2019 saw Texas National Bank place emphasis on $100,000 or less loans with 21 originations, totaling $1,245,000 in origination value.
Applicant Income
Texas National Bank lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $75k-100k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 61 | $19,975,000 | $327,459 | $0 | 0.00% |
Texas National Bank lent most frequently to those with DTI ratios of Exempt%, with 61 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.31%
Texas National Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.97%
Texas National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 61 | $19,975,000 | $327,459 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| The J. G. Wentworth Company | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 19.0% |
| The J. G. Wentworth Company | Conventional home mortgage | Closing on a mortgage | 4 | 19.0% |
| The J. G. Wentworth Company | Conventional home mortgage | Trouble during payment process | 6 | 28.6% |
| The J. G. Wentworth Company | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 4.8% |
| The J. G. Wentworth Company | FHA mortgage | Closing on a mortgage | 1 | 4.8% |
| The J. G. Wentworth Company | FHA mortgage | Trouble during payment process | 4 | 19.0% |
| The J. G. Wentworth Company | VA mortgage | Trouble during payment process | 1 | 4.8% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Texas National Bank | 201 S. Texas Mercedes, TX 78570 | Full Service B&M | $61,199 |
| Texas National Bank | 4908 South Jackson Street Edinburg, TX 78539 | Full Service B&M | $79,368 |
| Texas National Bank | 501 N. Shary Road Mission, TX 78572 | Full Service B&M | $23,421 |
| Texas National Bank | 621 South International Blvd Weslaco, TX 78596 | Full Service B&M | $16,458 |
| Texas National Bank | 6901 North 10th Street Mcallen, TX 78504 | Full Service B&M | $47,541 |
| Texas National Bank | 720 E Edinburg Elsa, TX 78543 | Full Service B&M | $30,706 |
For 2019, Texas National Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $16,092 |
| Net interest income | $13,475 |
| Total noninterest income | $2,265 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $673 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,592 |
| Pre-tax net operating income | $3,581 |
| Securities gains (or losses, -) | $650 |
| Income before extraordinary items | $3,334 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,334 |
| Minority interest net income | $0 |
| Net income | $3,334 |
| Sale, conversion, retirement of capital stock, net | $189 |
| Net operating income | $2,820 |
Texas National Bank's gross interest income from loans was $16,092,000.
Texas National Bank's net interest income from loans was $13,475,000.
Texas National Bank's fee based income from loans was $673,000.
Texas National Bank's net income from loans was $3,334,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,617 |
| Provision for credit losses | $425 |
| Total noninterest expense | $11,734 |
| Salaries and employee benefits | $6,811 |
| Premises and equipment expense | $1,821 |
| Additional noninterest expense | $3,102 |
| Applicable income taxes | $897 |
| Net charge-offs | $-95 |
| Cash dividends | $1,500 |
Texas National Bank's interest expense for loans was $2,617,000.
Texas National Bank's payroll and benefits expense were $6,811,000.
Texas National Bank's property, plant and equipment expenses $1,821,000.
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 | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 3.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $285,553 |
| Deposits held in domestic offices | $285,553 |
| Deposits by Individuals, partnerships, and corporations | $174,493 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $84,853 |
| Deposits by Commercial banks and other depository institutions in U.S. | $26,207 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $154,290 |
| Demand deposits | $148,417 |
| Nontransaction accounts | $131,263 |
| Money market deposit accounts (MMDAs) | $22,581 |
| Other savings deposits (excluding MMDAs) | $9,175 |
| Total time deposits | $99,507 |
| Total time and savings deposits | $137,136 |
| Noninterest-bearing deposits | $148,426 |
| Interest-bearing deposits | $137,127 |
| Retail deposits | $251,596 |
| IRAs and Keogh plan accounts | $3,711 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $330,035 |
| Cash & Balances due from depository institutions | $33,452 |
| Interest-bearing balances | $27,037 |
| Total securities | $63,421 |
| Federal funds sold & reverse repurchase | $1,564 |
| Net loans and leases | $205,176 |
| Loan and leases loss allowance | $3,224 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $18,726 |
| Other real estate owned | $978 |
| Goodwill and other intangibles | $0 |
| All other assets | $6,718 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $330,035 |
| Total Liabilities | $301,749 |
| Total deposits | $285,553 |
| Interest-bearing deposits | $137,127 |
| Deposits held in domestic offices | $285,553 |
| % insured (estimated) | $63 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $15,364 |
| Subordinated debt | $0 |
| All other liabilities | $832 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $205,176 |
| Loan and leases loss allowance | $3,224 |
| Total loans and leases (domestic) | $208,400 |
| All real estate loans | $163,274 |
| Real estate loans in domestic offices | $163,274 |
| Construction and development loans | $29,897 |
| Residential 1-4 family construction | $3,818 |
| Other construction, all land development and other land | $26,079 |
| Loans secured by nonfarm nonresidential properties | $60,193 |
| Nonfarm nonresidential secured by owner-occupied properties | $34,216 |
| Commercial real estate & other non-farm, non-residential | $25,977 |
| Multifamily residential real estate | $8,178 |
| 1-4 family residential loans | $57,894 |
| Farmland loans | $7,112 |
| Loans held in foreign offices | $0 |
| Farm loans | $402 |
| Commercial and industrial loans | $39,342 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $4,928 |
| Credit card loans | $668 |
| Related Plans | $104 |
| Consumer Auto Loans | $119 |
| Other loans to individuals | $4,037 |
| All other loans & leases | $453 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $453 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $13,489 |
| 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 $205,176,000 of loans outstanding in 2019. $163,274,000 of loans were in real estate loans. $29,897,000 of loans were in development loans. $8,178,000 of loans were in multifamily mortgage loans. $57,894,000 of loans were in 1-4 family mortgage loans. $402,000 of loans were in farm loans. $668,000 of loans were in credit card loans. $119,000 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 | 137 | $35,614 | $259,956 |
| Nonfarm, nonresidential loans - <$100k | 19 | $1,070 | $56,316 |
| Nonfarm, nonresidential loans - $100-250k | 53 | $7,421 | $140,019 |
| Nonfarm, nonresidential loans - $250k-1MM | 65 | $27,123 | $417,277 |
| Commercial & Industrial, US addressed loans - <$1MM | 174 | $19,137 | $109,983 |
| Commercial & Industrial, US addressed loans - <$100k | 109 | $3,406 | $31,248 |
| Commercial & Industrial, US addressed loans - $100-250k | 29 | $3,483 | $120,103 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 36 | $12,248 | $340,222 |
| Farmland loans - <$1MM | 29 | $3,577 | $123,345 |
| Farmland loans - <$100k | 10 | $390 | $39,000 |
| Farmland loans - $100-250k | 14 | $1,819 | $129,929 |
| Farmland loans - $250k-1MM | 5 | $1,368 | $273,600 |
| Agriculture operations loans - <$1MM | 2 | $402 | $201,000 |
| Agriculture operations loans - $100-250k | 1 | $102 | $102,000 |
| Agriculture operations loans - $250k-1MM | 1 | $300 | $300,000 |