The Jacksboro National Bank Mortgage Rates, Fees & Info

Jacksboro, TX

LEI: 549300C720KB2QRAC051

Tax ID: 75-0357838

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Mortgage Data

Bank Data

Review & Overview

The Jacksboro National Bank is a smaller bank specializing in Home Purchase loans. The Jacksboro National Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Wichita Falls, Dallas, Sherman, Mineral Wells, and Austin among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Jacksboro National Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

211

Origination Dollar Volume (All Markets)

$34,455,000

Employee count

52

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
WICHITA FALLS, TX (FHA|USDA|VA) 156 $22,770,000 $145,962 $0 0.00%
Outside of Metro Areas 33 $5,365,000 $162,576 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 10 $2,070,000 $207,000 $0 0.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 0.00%
Mineral Wells, TX (FHA|USDA|VA) 2 $810,000 $405,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $660,000 $330,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $420,000 $210,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
Bonham, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
ABILENE, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
The Jacksboro National Bank's top markets include Wichita Falls, Dallas, Sherman, Mineral Wells, and Austin among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $19,400,000 $179,630 $0 0.00%
    FHA 58 $7,420,000 $127,931 $0 0.00%
    VA 32 $6,400,000 $200,000 $0 0.00%
    USDA 13 $1,235,000 $95,000 $0 0.00%

    For 2019, The Jacksboro National Bank's most frequently originated type of loan was Conventional, with 108 originations. Their 2nd most popular type was FHA, with 58 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 162 $23,710,000 $146,358 $0 0.00%
    Refi 32 $6,680,000 $208,750 $0 0.00%
    Cash Out Refi 17 $4,065,000 $239,118 $0 0.00%

    For 2019, The Jacksboro National Bank's most frequently cited loan purpose was Home Purchase, with 162 originations. The 2nd most popular reason was Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 211 $34,455,000 $163,294 $0 0.00%

    For 2019, The Jacksboro National Bank's most frequently cited loan duration was Other, with 211 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 81 $11,445,000 $141,296 $0 0.00%
    $100,000 or less 71 $5,215,000 $73,451 $0 0.00%
    $200k-400k 55 $15,265,000 $277,545 $0 0.00%
    $400k-600k 3 $1,325,000 $441,667 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%

    2019 saw The Jacksboro National Bank place emphasis on $100k-200k loans with 81 originations, totaling $11,445,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 58 $7,990,000 $137,759 $0 0.00%
    $50k or less 44 $3,680,000 $83,636 $0 0.00%
    $75k-100k 42 $7,030,000 $167,381 $0 0.00%
    $100k-150k 41 $8,435,000 $205,732 $0 0.00%
    $150k-250k 23 $6,635,000 $288,478 $0 0.00%
    $250k+ 3 $685,000 $228,333 $0 0.00%

    The Jacksboro National Bank lent most frequently to those with incomes in the $50k-75k range, with 58 originations. The second most popular income band? $50k or less, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 211 $34,455,000 $163,294 $0 0.00%

    The Jacksboro National Bank lent most frequently to those with DTI ratios of Exempt%, with 211 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 108 $19,190,000 $177,685 $0 0.00%
    Not provided 98 $14,370,000 $146,633 $0 0.00%
    Asian 3 $595,000 $198,333 $0 0.00%
    American Indian 1 $185,000 $185,000 $0 0.00%
    Black 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.37%

    The Jacksboro National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.79%

    The Jacksboro National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 211 $34,455,000 $163,294

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $15,000 $15,000
    Single Family (1-4 Units):Site-Built 210 $34,440,000 $164,000

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Jacksboro National Bank 200 West Walnut Street Bowie, TX 76230 Full Service B&M $103,962
    The Jacksboro National Bank 910 N Main Street Jacksboro, TX 76458 Full Service B&M $105,461

    For 2019, The Jacksboro National Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,673
    Net interest income $8,268
    Total noninterest income $2,354
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $558
    Trading account gains and fees $0
    Additional Noninterest Income $1,796
    Pre-tax net operating income $2,634
    Securities gains (or losses, -) $59
    Income before extraordinary items $2,693
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,693
    Minority interest net income $0
    Net income $2,693
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,634

    The Jacksboro National Bank's gross interest income from loans was $9,673,000.
    The Jacksboro National Bank's net interest income from loans was $8,268,000.
    The Jacksboro National Bank's fee based income from loans was $558,000.
    The Jacksboro National Bank's net income from loans was $2,693,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,405
    Provision for credit losses $120
    Total noninterest expense $7,868
    Salaries and employee benefits $4,636
    Premises and equipment expense $856
    Additional noninterest expense $2,376
    Applicable income taxes $0
    Net charge-offs $113
    Cash dividends $593

    The Jacksboro National Bank's interest expense for loans was $1,405,000.
    The Jacksboro National Bank's payroll and benefits expense were $4,636,000.
    The Jacksboro National Bank's property, plant and equipment expenses $856,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 6.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 1.0%
    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 $202,872
    Deposits held in domestic offices $202,872
    Deposits by Individuals, partnerships, and corporations $183,483
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $19,389
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $17,196
    Demand deposits $12,331
    Nontransaction accounts $185,676
    Money market deposit accounts (MMDAs) $12,892
    Other savings deposits (excluding MMDAs) $129,596
    Total time deposits $43,188
    Total time and savings deposits $190,541
    Noninterest-bearing deposits $66,131
    Interest-bearing deposits $136,741
    Retail deposits $193,643
    IRAs and Keogh plan accounts $2,529
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $235,468
    Cash & Balances due from depository institutions $7,486
    Interest-bearing balances $5,497
    Total securities $111,156
    Federal funds sold & reverse repurchase $0
    Net loans and leases $107,209
    Loan and leases loss allowance $1,667
    Trading account assets $0
    Bank premises and fixed assets $6,293
    Other real estate owned $327
    Goodwill and other intangibles $321
    All other assets $2,676

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $235,468
    Total Liabilities $203,033
    Total deposits $202,872
    Interest-bearing deposits $136,741
    Deposits held in domestic offices $202,872
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $161

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $107,209
    Loan and leases loss allowance $1,667
    Total loans and leases (domestic) $108,876
    All real estate loans $75,902
    Real estate loans in domestic offices $75,902
    Construction and development loans $4,473
    Residential 1-4 family construction $2,675
    Other construction, all land development and other land $1,798
    Loans secured by nonfarm nonresidential properties $23,875
    Nonfarm nonresidential secured by owner-occupied properties $14,069
    Commercial real estate & other non-farm, non-residential $9,806
    Multifamily residential real estate $0
    1-4 family residential loans $23,218
    Farmland loans $24,336
    Loans held in foreign offices $0
    Farm loans $7,846
    Commercial and industrial loans $16,654
    To non-U.S. addressees $0
    Loans to individuals $7,402
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,825
    Other loans to individuals $5,577
    All other loans & leases $1,072
    Loans to foreign governments and official institutions $0
    Other loans $33
    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 $36
    Non 1-4 family restructured loans & leases $36
    Total loans and leases (foreign) $0

    The Jacksboro National Bank had $107,209,000 of loans outstanding in 2019. $75,902,000 of loans were in real estate loans. $4,473,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $23,218,000 of loans were in 1-4 family mortgage loans. $7,846,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,825,000 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 59 $11,675 $197,881
    Nonfarm, nonresidential loans - <$100k 18 $885 $49,167
    Nonfarm, nonresidential loans - $100-250k 18 $2,287 $127,056
    Nonfarm, nonresidential loans - $250k-1MM 23 $8,503 $369,696
    Commercial & Industrial, US addressed loans - <$1MM 275 $16,472 $59,898
    Commercial & Industrial, US addressed loans - <$100k 214 $5,489 $25,650
    Commercial & Industrial, US addressed loans - $100-250k 42 $4,648 $110,667
    Commercial & Industrial, US addressed loans - $250k-1MM 19 $6,335 $333,421
    Farmland loans - <$1MM 90 $12,044 $133,822
    Farmland loans - <$100k 38 $1,465 $38,553
    Farmland loans - $100-250k 34 $4,960 $145,882
    Farmland loans - $250k-1MM 18 $5,619 $312,167
    Agriculture operations loans - <$1MM 168 $5,144 $30,619
    Agriculture operations loans - <$100k 154 $3,246 $21,078
    Agriculture operations loans - $100-250k 13 $1,399 $107,615
    Agriculture operations loans - $250k-1MM 1 $499 $499,000