Kleberg Bank N.a Mortgage Rates, Fees & Info
Kingsville, TXLEI: 549300C690YBM0ROXL93
Tax ID: 74-0726853
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Mortgage Data
Bank Data
Review & Overview
Kleberg Bank N.a is a smaller bank specializing in Home Purchase and Refi loans. Kleberg Bank N.a has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Corpus Christi, Houston, Kingsville, Austin, and San Antonio among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Kleberg Bank N.a 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
121Origination Dollar Volume (All Markets)
$39,475,000Employee count
143Top 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 |
|---|---|---|---|---|---|
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 62 | $16,390,000 | $264,355 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 19 | $12,085,000 | $636,053 | $0 | 0.00% |
| Kingsville, TX (FHA|USDA|VA) | 15 | $2,645,000 | $176,333 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $2,245,000 | $748,333 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $0 | 0.00% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
| Alice, TX (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 117 | $38,775,000 | $331,410 | $0 | 0.00% |
| FHA | 2 | $210,000 | $105,000 | $0 | 0.00% |
| VA | 2 | $490,000 | $245,000 | $0 | 0.00% |
For 2020, Kleberg Bank N.a's most frequently originated type of loan was Conventional, with 117 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2020, Kleberg Bank N.a's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Refi, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 121 | $39,475,000 | $326,240 | $0 | 0.00% |
For 2020, Kleberg Bank N.a's most frequently cited loan duration was Other, with 121 originations.
Loan Sizing
2020 saw Kleberg Bank N.a place emphasis on $200k-400k loans with 48 originations, totaling $13,870,000 in origination value.
Applicant Income
Kleberg Bank N.a lent most frequently to those with incomes in the $150k-250k range, with 30 originations. The second most popular income band? $100k-150k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 121 | $39,475,000 | $326,240 | $0 | 0.00% |
Kleberg Bank N.a lent most frequently to those with DTI ratios of Exempt%, with 121 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.64%
Kleberg Bank N.a has an average approval rate.
Pick Rate
Approvals leading to origination51.24%
Kleberg Bank N.a 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 | 121 | $39,475,000 | $326,240 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $95,000 | $95,000 |
| Single Family (1-4 Units):Site-Built | 120 | $39,380,000 | $328,167 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Kleberg Bank, N.A. | 100 East Kleberg Avenue Kingsville, TX 78363 | Full Service B&M | $270,411 |
| Kleberg Bank, N.A. | 2037 Airline Road Corpus Christi, TX 78412 | Full Service B&M | $27,784 |
| Kleberg Bank, N.A. | 3945 Crosstown State Highway 286 Corpus Christi, TX 78416 | Full Service B&M | $77,958 |
| Kleberg Bank, N.A. | 5350 S Staples Street Corpus Christi, TX 78411 | Full Service B&M | $139,040 |
For 2020, Kleberg Bank N.a had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $21,205 |
| Net interest income | $19,483 |
| Total noninterest income | $5,510 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $2,171 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,339 |
| Pre-tax net operating income | $5,679 |
| Securities gains (or losses, -) | $5 |
| Income before extraordinary items | $5,684 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $5,684 |
| Minority interest net income | $0 |
| Net income | $5,684 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $5,679 |
Kleberg Bank N.a's gross interest income from loans was $21,205,000.
Kleberg Bank N.a's net interest income from loans was $19,483,000.
Kleberg Bank N.a's fee based income from loans was $2,171,000.
Kleberg Bank N.a's net income from loans was $5,684,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,722 |
| Provision for credit losses | $940 |
| Total noninterest expense | $18,374 |
| Salaries and employee benefits | $10,652 |
| Premises and equipment expense | $2,441 |
| Additional noninterest expense | $5,281 |
| Applicable income taxes | $0 |
| Net charge-offs | $865 |
| Cash dividends | $3,101 |
Kleberg Bank N.a's interest expense for loans was $1,722,000.
Kleberg Bank N.a's payroll and benefits expense were $10,652,000.
Kleberg Bank N.a's property, plant and equipment expenses $2,441,000.
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 | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 1.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $546,088 |
| Deposits held in domestic offices | $546,088 |
| Deposits by Individuals, partnerships, and corporations | $477,275 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $68,811 |
| Deposits by Commercial banks and other depository institutions in U.S. | $3 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $313,240 |
| Demand deposits | $157,174 |
| Nontransaction accounts | $232,849 |
| Money market deposit accounts (MMDAs) | $111,132 |
| Other savings deposits (excluding MMDAs) | $43,190 |
| Total time deposits | $78,527 |
| Total time and savings deposits | $388,915 |
| Noninterest-bearing deposits | $147,421 |
| Interest-bearing deposits | $398,667 |
| Retail deposits | $493,640 |
| IRAs and Keogh plan accounts | $4,564 |
| Brokered deposits | $1,976 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $643,429 |
| Cash & Balances due from depository institutions | $43,533 |
| Interest-bearing balances | $22,336 |
| Total securities | $165,446 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $370,345 |
| Loan and leases loss allowance | $4,554 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $27,593 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $18,034 |
| All other assets | $18,478 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $643,428 |
| Total Liabilities | $568,827 |
| Total deposits | $546,088 |
| Interest-bearing deposits | $398,667 |
| Deposits held in domestic offices | $546,088 |
| % insured (estimated) | $66 |
| Federal funds purchased and repurchase agreements | $9,930 |
| Trading liabilities | $0 |
| Other borrowed funds | $7,500 |
| Subordinated debt | $0 |
| All other liabilities | $5,309 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $370,345 |
| Loan and leases loss allowance | $4,554 |
| Total loans and leases (domestic) | $374,899 |
| All real estate loans | $223,271 |
| Real estate loans in domestic offices | $223,271 |
| Construction and development loans | $27,262 |
| Residential 1-4 family construction | $7,098 |
| Other construction, all land development and other land | $20,164 |
| Loans secured by nonfarm nonresidential properties | $104,005 |
| Nonfarm nonresidential secured by owner-occupied properties | $27,210 |
| Commercial real estate & other non-farm, non-residential | $76,795 |
| Multifamily residential real estate | $10,498 |
| 1-4 family residential loans | $77,692 |
| Farmland loans | $3,814 |
| Loans held in foreign offices | $0 |
| Farm loans | $3,016 |
| Commercial and industrial loans | $76,677 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $71,935 |
| Credit card loans | $0 |
| Related Plans | $1,662 |
| Consumer Auto Loans | $66,454 |
| Other loans to individuals | $3,819 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 | $418 |
| Non 1-4 family restructured loans & leases | $418 |
| Total loans and leases (foreign) | $0 |
Kleberg Bank N.A had $370,345,000 of loans outstanding in 2020. $223,271,000 of loans were in real estate loans. $27,262,000 of loans were in development loans. $10,498,000 of loans were in multifamily mortgage loans. $77,692,000 of loans were in 1-4 family mortgage loans. $3,016,000 of loans were in farm loans. $0 of loans were in credit card loans. $66,454,000 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 | 84 | $18,833 | $224,202 |
| Nonfarm, nonresidential loans - <$100k | 16 | $550 | $34,375 |
| Nonfarm, nonresidential loans - $100-250k | 31 | $4,295 | $138,548 |
| Nonfarm, nonresidential loans - $250k-1MM | 37 | $13,988 | $378,054 |
| Commercial & Industrial, US addressed loans - <$1MM | 420 | $30,540 | $72,714 |
| Commercial & Industrial, US addressed loans - <$100k | 305 | $8,284 | $27,161 |
| Commercial & Industrial, US addressed loans - $100-250k | 65 | $7,311 | $112,477 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 50 | $14,945 | $298,900 |
| Farmland loans - <$1MM | 14 | $822 | $58,714 |
| Farmland loans - <$100k | 8 | $274 | $34,250 |
| Farmland loans - $100-250k | 3 | $151 | $50,333 |
| Farmland loans - $250k-1MM | 3 | $397 | $132,333 |
| Agriculture operations loans - <$1MM | 10 | $359 | $35,900 |
| Agriculture operations loans - <$100k | 5 | $22 | $4,400 |
| Agriculture operations loans - $100-250k | 3 | $190 | $63,333 |
| Agriculture operations loans - $250k-1MM | 2 | $147 | $73,500 |