Texas National Bank Mortgage Rates, Fees & Info

Mercedes, TX

LEI: 549300BG31WZXGJRH472

Tax ID: 74-0780455

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Texas National Bank is a smaller bank specializing in Refi and Home Purchase loans. Texas National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Mcallen, Brownsville, San Antonio, and Rio Grande City among others. We have data for 4 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    134

    Origination Dollar Volume (All Markets)

    $37,840,000

    Employee count

    116

    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) 115 $32,455,000 $282,217 $0 0.00%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 16 $3,720,000 $232,500 $0 0.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $1,460,000 $730,000 $0 0.00%
    Rio Grande City-Roma, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Texas National Bank's top markets include Mcallen, Brownsville, San Antonio, and Rio Grande City among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 134 $37,840,000 $282,388 $0 0.00%

    For 2021, Texas National Bank's most frequently originated type of loan was Conventional, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 72 $22,300,000 $309,722 $0 0.00%
    Home Purchase 53 $13,845,000 $261,226 $0 0.00%
    Cash Out Refi 8 $1,510,000 $188,750 $0 0.00%
    Home Improvement 1 $185,000 $185,000 $0 0.00%

    For 2021, Texas National Bank's most frequently cited loan purpose was Refi, with 72 originations. The 2nd most popular reason was Home Purchase, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 134 $37,840,000 $282,388 $0 0.00%

    For 2021, Texas National Bank's most frequently cited loan duration was Other, with 134 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 48 $7,100,000 $147,917 $0 0.00%
    $200k-400k 43 $11,585,000 $269,419 $0 0.00%
    $100,000 or less 19 $1,275,000 $67,105 $0 0.00%
    $600k-1MM 11 $8,305,000 $755,000 $0 0.00%
    $400k-600k 9 $4,305,000 $478,333 $0 0.00%
    $1MM+ 4 $5,270,000 $1,317,500 $0 0.00%

    2021 saw Texas National Bank place emphasis on $100k-200k loans with 48 originations, totaling $7,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 25 $4,195,000 $167,800 $0 0.00%
    $50k or less 25 $2,905,000 $116,200 $0 0.00%
    $100k-150k 17 $3,975,000 $233,824 $0 0.00%
    $150k-250k 15 $5,305,000 $353,667 $0 0.00%
    $250k+ 9 $4,485,000 $498,333 $0 0.00%
    $75k-100k 9 $2,145,000 $238,333 $0 0.00%

    Texas National Bank lent most frequently to those with incomes in the $50k-75k range, with 25 originations. The second most popular income band? $50k or less, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 134 $37,840,000 $282,388 $0 0.00%

    Texas National Bank lent most frequently to those with DTI ratios of Exempt%, with 134 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 99 $22,865,000 $230,960 $0 0.00%
    Not applicable 33 $14,725,000 $446,212 $0 0.00%
    Asian 1 $185,000 $185,000 $0 0.00%
    Black 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.02%

    Texas National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    33.58%

    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 134 $37,840,000 $282,388

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    134 $37,840,000 $282,388

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Texas National Bank 201 S. Texas Mercedes, TX 78570 Full Service B&M $78,584
    Texas National Bank 4908 South Jackson Street Edinburg, TX 78539 Full Service B&M $168,726
    Texas National Bank 501 N. Shary Road Mission, TX 78572 Full Service B&M $64,534
    Texas National Bank 621 South International Blvd Weslaco, TX 78596 Full Service B&M $29,253
    Texas National Bank 6901 North 10th Street Mcallen, TX 78504 Full Service B&M $70,888
    Texas National Bank 720 E Edinburg Elsa, TX 78543 Full Service B&M $45,413
    Texas National Bank 920 W. Interstate Highway 2, Suite A San Juan, TX 78589 Full Service B&M $3,706

    For 2021, Texas National Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $43,139
    Net interest income $40,580
    Total noninterest income $2,609
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $601
    Trading account gains and fees $0
    Additional Noninterest Income $2,008
    Pre-tax net operating income $23,649
    Securities gains (or losses, -) $-37
    Income before extraordinary items $18,495
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,495
    Minority interest net income $0
    Net income $18,495
    Sale, conversion, retirement of capital stock, net $668
    Net operating income $18,524

    Texas National Bank's gross interest income from loans was $43,139,000.
    Texas National Bank's net interest income from loans was $40,580,000.
    Texas National Bank's fee based income from loans was $601,000.
    Texas National Bank's net income from loans was $18,495,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,559
    Provision for credit losses $698
    Total noninterest expense $18,842
    Salaries and employee benefits $12,190
    Premises and equipment expense $2,459
    Additional noninterest expense $4,193
    Applicable income taxes $5,117
    Net charge-offs $83
    Cash dividends $1,000

    Texas National Bank's interest expense for loans was $2,559,000.
    Texas National Bank's payroll and benefits expense were $12,190,000.
    Texas National Bank's property, plant and equipment expenses $2,459,000.

    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 1.2%
    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 $503,533
    Deposits held in domestic offices $503,533
    Deposits by Individuals, partnerships, and corporations $369,591
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $120,401
    Deposits by Commercial banks and other depository institutions in U.S. $13,541
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $303,189
    Demand deposits $303,189
    Nontransaction accounts $200,344
    Money market deposit accounts (MMDAs) $61,163
    Other savings deposits (excluding MMDAs) $20,778
    Total time deposits $118,403
    Total time and savings deposits $200,344
    Noninterest-bearing deposits $258,744
    Interest-bearing deposits $244,789
    Retail deposits $441,575
    IRAs and Keogh plan accounts $2,848
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $593,232
    Cash & Balances due from depository institutions $46,976
    Interest-bearing balances $34,611
    Total securities $108,558
    Federal funds sold & reverse repurchase $39,462
    Net loans and leases $355,907
    Loan and leases loss allowance $4,857
    Trading account assets $0
    Bank premises and fixed assets $24,304
    Other real estate owned $948
    Goodwill and other intangibles $0
    All other assets $17,077

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $593,232
    Total Liabilities $535,951
    Total deposits $503,533
    Interest-bearing deposits $244,789
    Deposits held in domestic offices $503,533
    % insured (estimated) $54
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $30,342
    Subordinated debt $0
    All other liabilities $2,076

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $355,907
    Loan and leases loss allowance $4,857
    Total loans and leases (domestic) $360,764
    All real estate loans $230,160
    Real estate loans in domestic offices $230,160
    Construction and development loans $68,872
    Residential 1-4 family construction $16,866
    Other construction, all land development and other land $52,006
    Loans secured by nonfarm nonresidential properties $79,756
    Nonfarm nonresidential secured by owner-occupied properties $43,256
    Commercial real estate & other non-farm, non-residential $36,500
    Multifamily residential real estate $17,712
    1-4 family residential loans $52,883
    Farmland loans $10,937
    Loans held in foreign offices $0
    Farm loans $1,164
    Commercial and industrial loans $122,430
    To non-U.S. addressees $0
    Loans to individuals $4,184
    Credit card loans $779
    Related Plans $7
    Consumer Auto Loans $3
    Other loans to individuals $3,395
    All other loans & leases $2,826
    Loans to foreign governments and official institutions $0
    Other loans $154
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $7,622
    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 $355,907,000 of loans outstanding in 2021. $230,160,000 of loans were in real estate loans. $68,872,000 of loans were in development loans. $17,712,000 of loans were in multifamily mortgage loans. $52,883,000 of loans were in 1-4 family mortgage loans. $1,164,000 of loans were in farm loans. $779,000 of loans were in credit card loans. $3,000 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 146 $35,906 $245,932
    Nonfarm, nonresidential loans - <$100k 15 $673 $44,867
    Nonfarm, nonresidential loans - $100-250k 59 $8,103 $137,339
    Nonfarm, nonresidential loans - $250k-1MM 72 $27,130 $376,806
    Commercial & Industrial, US addressed loans - <$1MM 2,608 $95,663 $36,681
    Commercial & Industrial, US addressed loans - <$100k 2,372 $37,924 $15,988
    Commercial & Industrial, US addressed loans - $100-250k 135 $19,635 $145,444
    Commercial & Industrial, US addressed loans - $250k-1MM 101 $38,104 $377,267
    Farmland loans - <$1MM 24 $3,160 $131,667
    Farmland loans - <$100k 6 $192 $32,000
    Farmland loans - $100-250k 11 $1,460 $132,727
    Farmland loans - $250k-1MM 7 $1,508 $215,429
    Agriculture operations loans - <$1MM 7 $540 $77,143
    Agriculture operations loans - <$100k 4 $94 $23,500
    Agriculture operations loans - $100-250k 1 $140 $140,000
    Agriculture operations loans - $250k-1MM 2 $306 $153,000