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 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, San Antonio, and Austin among others. We have data for 14 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
108Origination Dollar Volume (All Markets)
$39,080,000Employee count
132Top 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) | 57 | $17,055,000 | $299,211 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 18 | $11,060,000 | $614,444 | $0 | 0.00% |
| Kingsville, TX (FHA|USDA|VA) | 10 | $2,220,000 | $222,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $2,130,000 | $532,500 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,700,000 | $425,000 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $1,565,000 | $1,565,000 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 4 | $1,350,000 | $337,500 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| Alice, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| AMARILLO, 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 | 103 | $37,865,000 | $367,621 | $0 | 0.00% |
| FHA | 3 | $755,000 | $251,667 | $0 | 0.00% |
| VA | 2 | $460,000 | $230,000 | $0 | 0.00% |
For 2021, Kleberg Bank N.a's most frequently originated type of loan was Conventional, with 103 originations. Their 2nd most popular type was FHA, with 3 originations.
Loan Reason
For 2021, Kleberg Bank N.a's most frequently cited loan purpose was Home Purchase, with 72 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 108 | $39,080,000 | $361,852 | $0 | 0.00% |
For 2021, Kleberg Bank N.a's most frequently cited loan duration was Other, with 108 originations.
Loan Sizing
2021 saw Kleberg Bank N.a place emphasis on $200k-400k loans with 42 originations, totaling $12,050,000 in origination value.
Applicant Income
Kleberg Bank N.a lent most frequently to those with incomes in the $250k+ range, with 32 originations. The second most popular income band? $100k-150k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 108 | $39,080,000 | $361,852 | $0 | 0.00% |
Kleberg Bank N.a lent most frequently to those with DTI ratios of Exempt%, with 108 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.44%
Kleberg Bank N.a has an average approval rate.
Pick Rate
Approvals leading to origination42.59%
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 | 108 | $39,080,000 | $361,852 |
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 | $316,747 |
| Kleberg Bank, N.A. | 2037 Airline Road Corpus Christi, TX 78412 | Full Service B&M | $31,607 |
| Kleberg Bank, N.A. | 3945 Crosstown State Highway 286 Corpus Christi, TX 78416 | Full Service B&M | $85,065 |
| Kleberg Bank, N.A. | 5350 S Staples Street Corpus Christi, TX 78411 | Full Service B&M | $144,443 |
For 2021, Kleberg Bank N.a had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $22,405 |
| Net interest income | $21,436 |
| Total noninterest income | $5,957 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $2,090 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,867 |
| Pre-tax net operating income | $8,479 |
| Securities gains (or losses, -) | $-28 |
| Income before extraordinary items | $8,451 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,451 |
| Minority interest net income | $0 |
| Net income | $8,451 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $8,479 |
Kleberg Bank N.a's gross interest income from loans was $22,405,000.
Kleberg Bank N.a's net interest income from loans was $21,436,000.
Kleberg Bank N.a's fee based income from loans was $2,090,000.
Kleberg Bank N.a's net income from loans was $8,451,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $969 |
| Provision for credit losses | $287 |
| Total noninterest expense | $18,627 |
| Salaries and employee benefits | $11,037 |
| Premises and equipment expense | $2,478 |
| Additional noninterest expense | $5,112 |
| Applicable income taxes | $0 |
| Net charge-offs | $189 |
| Cash dividends | $2,729 |
Kleberg Bank N.a's interest expense for loans was $969,000.
Kleberg Bank N.a's payroll and benefits expense were $11,037,000.
Kleberg Bank N.a's property, plant and equipment expenses $2,478,000.
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 | $601,726 |
| Deposits held in domestic offices | $601,726 |
| Deposits by Individuals, partnerships, and corporations | $536,791 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $64,932 |
| 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 | $363,286 |
| Demand deposits | $171,032 |
| Nontransaction accounts | $238,440 |
| Money market deposit accounts (MMDAs) | $134,331 |
| Other savings deposits (excluding MMDAs) | $45,247 |
| Total time deposits | $58,862 |
| Total time and savings deposits | $430,694 |
| Noninterest-bearing deposits | $165,087 |
| Interest-bearing deposits | $436,639 |
| Retail deposits | $566,409 |
| IRAs and Keogh plan accounts | $4,609 |
| Brokered deposits | $2,543 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $703,481 |
| Cash & Balances due from depository institutions | $61,841 |
| Interest-bearing balances | $48,396 |
| Total securities | $216,969 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $360,186 |
| Loan and leases loss allowance | $4,652 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $26,062 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $18,034 |
| All other assets | $20,389 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $703,481 |
| Total Liabilities | $627,139 |
| Total deposits | $601,726 |
| Interest-bearing deposits | $436,639 |
| Deposits held in domestic offices | $601,726 |
| % insured (estimated) | $63 |
| Federal funds purchased and repurchase agreements | $12,391 |
| Trading liabilities | $0 |
| Other borrowed funds | $7,500 |
| Subordinated debt | $0 |
| All other liabilities | $5,522 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $360,186 |
| Loan and leases loss allowance | $4,652 |
| Total loans and leases (domestic) | $364,838 |
| All real estate loans | $221,550 |
| Real estate loans in domestic offices | $221,550 |
| Construction and development loans | $23,699 |
| Residential 1-4 family construction | $3,747 |
| Other construction, all land development and other land | $19,952 |
| Loans secured by nonfarm nonresidential properties | $108,238 |
| Nonfarm nonresidential secured by owner-occupied properties | $29,569 |
| Commercial real estate & other non-farm, non-residential | $78,669 |
| Multifamily residential real estate | $8,616 |
| 1-4 family residential loans | $73,619 |
| Farmland loans | $7,378 |
| Loans held in foreign offices | $0 |
| Farm loans | $1,996 |
| Commercial and industrial loans | $77,708 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $63,584 |
| Credit card loans | $0 |
| Related Plans | $3,352 |
| Consumer Auto Loans | $57,054 |
| Other loans to individuals | $3,178 |
| 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 | $366 |
| Non 1-4 family restructured loans & leases | $366 |
| Total loans and leases (foreign) | $0 |
Kleberg Bank N.A had $360,186,000 of loans outstanding in 2021. $221,550,000 of loans were in real estate loans. $23,699,000 of loans were in development loans. $8,616,000 of loans were in multifamily mortgage loans. $73,619,000 of loans were in 1-4 family mortgage loans. $1,996,000 of loans were in farm loans. $0 of loans were in credit card loans. $57,054,000 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 | 92 | $23,836 | $259,087 |
| Nonfarm, nonresidential loans - <$100k | 13 | $425 | $32,692 |
| Nonfarm, nonresidential loans - $100-250k | 32 | $4,144 | $129,500 |
| Nonfarm, nonresidential loans - $250k-1MM | 47 | $19,267 | $409,936 |
| Commercial & Industrial, US addressed loans - <$1MM | 325 | $24,571 | $75,603 |
| Commercial & Industrial, US addressed loans - <$100k | 225 | $5,554 | $24,684 |
| Commercial & Industrial, US addressed loans - $100-250k | 52 | $5,354 | $102,962 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 48 | $13,663 | $284,646 |
| Farmland loans - <$1MM | 11 | $597 | $54,273 |
| Farmland loans - <$100k | 6 | $258 | $43,000 |
| Farmland loans - $100-250k | 4 | $226 | $56,500 |
| Farmland loans - $250k-1MM | 1 | $113 | $113,000 |
| Agriculture operations loans - <$1MM | 6 | $306 | $51,000 |
| Agriculture operations loans - $100-250k | 3 | $214 | $71,333 |
| Agriculture operations loans - $250k-1MM | 3 | $92 | $30,667 |