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 and Refi 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, Mineral Wells, Austin, and Hobbs among others. We have data for 10 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

341

Origination Dollar Volume (All Markets)

$63,625,000

Employee count

50

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) 240 $42,320,000 $176,333 $0 0.00%
Outside of Metro Areas 65 $12,255,000 $188,538 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 20 $5,210,000 $260,500 $0 0.00%
Mineral Wells, TX (FHA|USDA|VA) 7 $1,205,000 $172,143 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $1,165,000 $388,333 $0 0.00%
Hobbs, NM (FHA|USDA|VA) 2 $810,000 $405,000 $0 0.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Andrews, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
The Jacksboro National Bank's top markets include Wichita Falls, Dallas, Mineral Wells, Austin, and Hobbs among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 244 $46,860,000 $192,049 $0 0.00%
    FHA 45 $6,305,000 $140,111 $0 0.00%
    VA 44 $9,690,000 $220,227 $0 0.00%
    USDA 8 $770,000 $96,250 $0 0.00%

    For 2020, The Jacksboro National Bank's most frequently originated type of loan was Conventional, with 244 originations. Their 2nd most popular type was FHA, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 201 $33,925,000 $168,781 $0 0.00%
    Refi 98 $21,000,000 $214,286 $0 0.00%
    Cash Out Refi 38 $8,110,000 $213,421 $0 0.00%
    Other 4 $590,000 $147,500 $0 0.00%

    For 2020, The Jacksboro National Bank's most frequently cited loan purpose was Home Purchase, with 201 originations. The 2nd most popular reason was Refi, with 98 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 341 $63,625,000 $186,584 $0 0.00%

    For 2020, The Jacksboro National Bank's most frequently cited loan duration was Other, with 341 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 140 $20,160,000 $144,000 $0 0.00%
    $200k-400k 106 $28,890,000 $272,547 $0 0.00%
    $100,000 or less 77 $5,835,000 $75,779 $0 0.00%
    $400k-600k 16 $7,310,000 $456,875 $0 0.00%
    $600k-1MM 2 $1,430,000 $715,000 $0 0.00%

    2020 saw The Jacksboro National Bank place emphasis on $100k-200k loans with 140 originations, totaling $20,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 87 $18,945,000 $217,759 $0 0.00%
    $50k-75k 81 $11,685,000 $144,259 $0 0.00%
    $50k or less 59 $5,935,000 $100,593 $0 0.00%
    $75k-100k 50 $9,380,000 $187,600 $0 0.00%
    $150k-250k 45 $12,815,000 $284,778 $0 0.00%
    $250k+ 10 $2,780,000 $278,000 $0 0.00%

    The Jacksboro National Bank lent most frequently to those with incomes in the $100k-150k range, with 87 originations. The second most popular income band? $50k-75k, with 81 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 341 $63,625,000 $186,584 $0 0.00%

    The Jacksboro National Bank lent most frequently to those with DTI ratios of Exempt%, with 341 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 177 $34,095,000 $192,627 $0 0.00%
    Not provided 156 $28,560,000 $183,077 $0 0.00%
    Asian 4 $590,000 $147,500 $0 0.00%
    Native Hawaiian or Islander 2 $230,000 $115,000 $0 0.00%
    American Indian 2 $150,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.73%

    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
    91.50%

    The Jacksboro National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 341 $63,625,000 $186,584

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 341 $63,625,000 $186,584

    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 $106,294
    The Jacksboro National Bank 910 N Main Street Jacksboro, TX 76458 Full Service B&M $108,230

    For 2020, The Jacksboro National Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,072
    Net interest income $8,078
    Total noninterest income $2,624
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $484
    Trading account gains and fees $0
    Additional Noninterest Income $2,140
    Pre-tax net operating income $2,458
    Securities gains (or losses, -) $81
    Income before extraordinary items $2,539
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,539
    Minority interest net income $0
    Net income $2,539
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,458

    The Jacksboro National Bank's gross interest income from loans was $9,072,000.
    The Jacksboro National Bank's net interest income from loans was $8,078,000.
    The Jacksboro National Bank's fee based income from loans was $484,000.
    The Jacksboro National Bank's net income from loans was $2,539,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $994
    Provision for credit losses $185
    Total noninterest expense $8,059
    Salaries and employee benefits $4,873
    Premises and equipment expense $875
    Additional noninterest expense $2,311
    Applicable income taxes $0
    Net charge-offs $53
    Cash dividends $1,163

    The Jacksboro National Bank's interest expense for loans was $994,000.
    The Jacksboro National Bank's payroll and benefits expense were $4,873,000.
    The Jacksboro National Bank's property, plant and equipment expenses $875,000.

    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 1.0%
    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 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 1.0%
    Other consumer loans 3.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $228,696
    Deposits held in domestic offices $228,696
    Deposits by Individuals, partnerships, and corporations $205,076
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,620
    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 $21,668
    Demand deposits $17,557
    Nontransaction accounts $207,028
    Money market deposit accounts (MMDAs) $16,700
    Other savings deposits (excluding MMDAs) $152,800
    Total time deposits $37,528
    Total time and savings deposits $211,139
    Noninterest-bearing deposits $84,064
    Interest-bearing deposits $144,632
    Retail deposits $217,708
    IRAs and Keogh plan accounts $2,507
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $266,395
    Cash & Balances due from depository institutions $9,345
    Interest-bearing balances $6,509
    Total securities $145,994
    Federal funds sold & reverse repurchase $0
    Net loans and leases $102,007
    Loan and leases loss allowance $1,799
    Trading account assets $0
    Bank premises and fixed assets $5,986
    Other real estate owned $0
    Goodwill and other intangibles $321
    All other assets $2,742

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $266,395
    Total Liabilities $228,875
    Total deposits $228,696
    Interest-bearing deposits $144,632
    Deposits held in domestic offices $228,696
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $179

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $102,007
    Loan and leases loss allowance $1,799
    Total loans and leases (domestic) $103,806
    All real estate loans $71,587
    Real estate loans in domestic offices $71,587
    Construction and development loans $6,880
    Residential 1-4 family construction $6,016
    Other construction, all land development and other land $864
    Loans secured by nonfarm nonresidential properties $21,265
    Nonfarm nonresidential secured by owner-occupied properties $10,429
    Commercial real estate & other non-farm, non-residential $10,836
    Multifamily residential real estate $0
    1-4 family residential loans $20,674
    Farmland loans $22,768
    Loans held in foreign offices $0
    Farm loans $7,902
    Commercial and industrial loans $16,401
    To non-U.S. addressees $0
    Loans to individuals $6,940
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,995
    Other loans to individuals $4,945
    All other loans & leases $976
    Loans to foreign governments and official institutions $0
    Other loans $42
    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 $23
    Non 1-4 family restructured loans & leases $23
    Total loans and leases (foreign) $0

    The Jacksboro National Bank had $102,007,000 of loans outstanding in 2020. $71,587,000 of loans were in real estate loans. $6,880,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $20,674,000 of loans were in 1-4 family mortgage loans. $7,902,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,995,000 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 52 $11,044 $212,385
    Nonfarm, nonresidential loans - <$100k 10 $557 $55,700
    Nonfarm, nonresidential loans - $100-250k 20 $2,412 $120,600
    Nonfarm, nonresidential loans - $250k-1MM 22 $8,075 $367,045
    Commercial & Industrial, US addressed loans - <$1MM 252 $13,691 $54,329
    Commercial & Industrial, US addressed loans - <$100k 195 $4,761 $24,415
    Commercial & Industrial, US addressed loans - $100-250k 37 $3,405 $92,027
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $5,525 $276,250
    Farmland loans - <$1MM 84 $11,376 $135,429
    Farmland loans - <$100k 35 $1,514 $43,257
    Farmland loans - $100-250k 35 $5,442 $155,486
    Farmland loans - $250k-1MM 14 $4,420 $315,714
    Agriculture operations loans - <$1MM 177 $5,069 $28,638
    Agriculture operations loans - <$100k 162 $3,322 $20,506
    Agriculture operations loans - $100-250k 12 $1,162 $96,833
    Agriculture operations loans - $250k-1MM 3 $585 $195,000