The First National Bank Of Sonora Mortgage Rates, Fees & Info

Sonora, TX

LEI: 549300CUL44QXBGFJM68

Tax ID: 75-0568556

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

    The First National Bank Of Sonora is a smaller bank specializing in Home Purchase and Refi loans. The First National Bank Of Sonora has a high proportion of conventional loans. The First National Bank Of Sonora has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, San Angelo, Austin, Midland, and Dallas among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The First National Bank Of Sonora 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. The First National Bank Of Sonora is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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    Originations

    83

    Origination Dollar Volume (All Markets)

    $14,235,000

    Employee count

    83

    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
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 21 $5,595,000 $266,429 $6,286 5.83%
    SAN ANGELO, TX (FHA|USDA|VA) 36 $5,010,000 $139,167 $3,653 6.17%
    Outside of Metro Areas 19 $2,025,000 $106,579 $2,478 6.40%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $610,000 $152,500 $0 6.25%
    MIDLAND, TX (FHA|USDA|VA) 1 $445,000 $445,000 $8,887 4.90%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.75%
    The First National Bank Of Sonora's top markets include San Antonio, San Angelo, Austin, Midland, and Dallas among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 50 $8,720,000 $174,400 $3,722 6.12%
    Conventional 33 $5,515,000 $167,121 $0 0.00%

    For 2018, The First National Bank Of Sonora's most frequently originated type of loan was Conventional, with 50 originations. Their 2nd most popular type was Conventional, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 49 $8,395,000 $171,327 $3,823 6.05%
    Refi 25 $5,055,000 $202,200 $4,369 6.07%
    Home Improvement 7 $455,000 $65,000 $1,704 6.53%
    Other 2 $330,000 $165,000 $3,337 6.30%

    For 2018, The First National Bank Of Sonora's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 36 $5,850,000 $162,500 $1,537 6.67%
    20 Year 17 $2,675,000 $157,353 $3,980 6.36%
    30 Year 10 $2,350,000 $235,000 $4,326 6.04%
    15 Year 9 $915,000 $101,667 $1,747 5.83%
    5 Year 7 $1,775,000 $253,571 $0 5.84%
    10 Year 3 $485,000 $161,667 $1,248 5.96%
    1 Year 1 $185,000 $185,000 $0 6.25%

    For 2018, The First National Bank Of Sonora's most frequently cited loan duration was Other, with 36 originations. The 2nd most popular length was 20 Year, with 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 15 $1,915,000 $127,667
    $1k-2k 4 $620,000 $155,000
    $3k-4k 2 $610,000 $305,000
    $4k-5k 1 $445,000 $445,000
    $5k+ 1 $595,000 $595,000

    The First National Bank Of Sonora's average total fees were $4,326, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 15 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 23 $4,595,000 $199,783
    6-7% 19 $2,705,000 $142,368
    7-8% 5 $455,000 $91,000
    4-5% 2 $940,000 $470,000
    Over 8% 1 $25,000 $25,000

    During 2018, The First National Bank Of Sonora's average interest rate for loans was 6.04%, while their most frequently originated rate bucket for loans was 5-6%, with 23 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 34 $1,820,000 $53,529 $1,701 6.33%
    $100k-200k 24 $3,590,000 $149,583 $3,520 6.25%
    $200k-400k 17 $4,755,000 $279,706 $5,555 5.88%
    $400k-600k 8 $4,070,000 $508,750 $9,099 5.43%

    2018 saw The First National Bank Of Sonora place emphasis on $100,000 or less loans with 34 originations, totaling $1,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $1,985,000 $132,333 $2,471 6.30%
    $150k-250k 13 $2,755,000 $211,923 $5,751 5.94%
    $50k-75k 9 $1,375,000 $152,778 $1,830 6.53%
    $75k-100k 8 $1,030,000 $128,750 $3,771 6.19%
    $250k+ 7 $2,355,000 $336,429 $7,725 5.85%
    $50k or less 6 $610,000 $101,667 $1,931 6.36%

    The First National Bank Of Sonora lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $150k-250k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 33 $5,515,000 $167,121 $0 0.00%
    30-36% 12 $1,510,000 $125,833 $3,246 6.18%
    <20% 8 $1,820,000 $227,500 $4,284 6.33%
    20-30% 5 $1,155,000 $231,000 $3,997 5.77%
    36% 3 $325,000 $108,333 $1,540 6.36%
    42% 3 $435,000 $145,000 $0 6.17%
    39% 1 $125,000 $125,000 $3,825 5.33%
    40% 1 $155,000 $155,000 $3,827 6.05%
    41% 1 $75,000 $75,000 $1,773 6.77%
    37% 1 $85,000 $85,000 $2,681 6.96%
    43% 1 $265,000 $265,000 $6,240 6.59%
    48% 1 $205,000 $205,000 $0 5.50%
    38% 1 $25,000 $25,000 $0 6.16%

    The First National Bank Of Sonora lent most frequently to those with DTI ratios of Exempt%, with 33 originations. The next most common DTI ratio? 30-36%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 49 $8,995,000 $183,571 $3,764 6.10%
    Not applicable 25 $4,125,000 $165,000 $0 5.96%
    Not provided 6 $590,000 $98,333 $2,911 6.72%
    American Indian 2 $440,000 $220,000 $4,543 6.57%
    Asian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.35%

    The First National Bank Of Sonora has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.54%

    The First National Bank Of Sonora has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 33 $5,515,000 $167,121
    NA 50 $8,720,000 $174,400

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,265,000 $421,667
    Single Family (1-4 Units):Manufactured 5 $345,000 $69,000
    Single Family (1-4 Units):Site-Built 75 $12,625,000 $168,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $775,000 $110,714 $2,575 6.23%
    40-60% 8 $1,320,000 $165,000 $4,251 6.03%
    60-80% 18 $3,760,000 $208,889 $3,946 5.95%
    80-100% 15 $2,785,000 $185,667 $4,532 6.17%
    Under 20% 2 $80,000 $40,000 $1,932 7.26%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The First National Bank of Sonora 102 East Main Street Sonora, TX 76950 Full Service B&M $98,209
    The First National Bank of Sonora 122 West Bandera Road Boerne, TX 78006 Full Service B&M $40,904
    The First National Bank of Sonora 2502 Southland Boulevard San Angelo, TX 76904 Full Service B&M $67,931
    The First National Bank of Sonora 512 Singing Oaks Bulverde, TX 78070 Full Service B&M $17,098
    The First National Bank of Sonora 5710 Sherwood Way San Angelo, TX 76901 Full Service B&M $103,437

    For 2018, The First National Bank Of Sonora had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,583
    Net interest income $16,292
    Total noninterest income $1,825
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $645
    Trading account gains and fees $0
    Additional Noninterest Income $1,180
    Pre-tax net operating income $4,349
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,349
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,349
    Minority interest net income $0
    Net income $4,349
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,349

    The First National Bank Of Sonora's gross interest income from loans was $18,583,000.
    The First National Bank Of Sonora's net interest income from loans was $16,292,000.
    The First National Bank Of Sonora's fee based income from loans was $645,000.
    The First National Bank Of Sonora's net income from loans was $4,349,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,291
    Provision for credit losses $200
    Total noninterest expense $13,568
    Salaries and employee benefits $7,334
    Premises and equipment expense $1,499
    Additional noninterest expense $4,735
    Applicable income taxes $0
    Net charge-offs $72
    Cash dividends $3,742

    The First National Bank Of Sonora's interest expense for loans was $2,291,000.
    The First National Bank Of Sonora's payroll and benefits expense were $7,334,000.
    The First National Bank Of Sonora's property, plant and equipment expenses $1,499,000.

    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 2.0%
    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 $340,941
    Deposits held in domestic offices $340,941
    Deposits by Individuals, partnerships, and corporations $323,444
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,639
    Deposits by Commercial banks and other depository institutions in U.S. $5,858
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $170,669
    Demand deposits $122,759
    Nontransaction accounts $170,272
    Money market deposit accounts (MMDAs) $32,344
    Other savings deposits (excluding MMDAs) $40,747
    Total time deposits $97,181
    Total time and savings deposits $218,182
    Noninterest-bearing deposits $109,187
    Interest-bearing deposits $231,754
    Retail deposits $299,684
    IRAs and Keogh plan accounts $6,741
    Brokered deposits $5,858
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $423,400
    Cash & Balances due from depository institutions $84,581
    Interest-bearing balances $81,179
    Total securities $13,404
    Federal funds sold & reverse repurchase $0
    Net loans and leases $291,776
    Loan and leases loss allowance $5,132
    Trading account assets $0
    Bank premises and fixed assets $18,775
    Other real estate owned $47
    Goodwill and other intangibles $1,609
    All other assets $13,208

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $423,400
    Total Liabilities $378,113
    Total deposits $340,941
    Interest-bearing deposits $231,754
    Deposits held in domestic offices $340,941
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $34,640
    Subordinated debt $0
    All other liabilities $2,532

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $291,776
    Loan and leases loss allowance $5,132
    Total loans and leases (domestic) $296,908
    All real estate loans $251,441
    Real estate loans in domestic offices $251,441
    Construction and development loans $45,645
    Residential 1-4 family construction $25,452
    Other construction, all land development and other land $20,193
    Loans secured by nonfarm nonresidential properties $103,738
    Nonfarm nonresidential secured by owner-occupied properties $40,539
    Commercial real estate & other non-farm, non-residential $63,199
    Multifamily residential real estate $8,934
    1-4 family residential loans $78,444
    Farmland loans $14,680
    Loans held in foreign offices $0
    Farm loans $6,073
    Commercial and industrial loans $23,297
    To non-U.S. addressees $0
    Loans to individuals $16,097
    Credit card loans $0
    Related Plans $1,450
    Consumer Auto Loans $6,132
    Other loans to individuals $8,515
    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 $2,370
    Non 1-4 family restructured loans & leases $2,370
    Total loans and leases (foreign) $0

    The First National Bank of Sonora had $291,776,000 of loans outstanding in 2018. $251,441,000 of loans were in real estate loans. $45,645,000 of loans were in development loans. $8,934,000 of loans were in multifamily mortgage loans. $78,444,000 of loans were in 1-4 family mortgage loans. $6,073,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,132,000 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 140 $33,110 $236,500
    Nonfarm, nonresidential loans - <$100k 23 $1,094 $47,565
    Nonfarm, nonresidential loans - $100-250k 47 $5,516 $117,362
    Nonfarm, nonresidential loans - $250k-1MM 70 $26,500 $378,571
    Commercial & Industrial, US addressed loans - <$1MM 313 $17,812 $56,907
    Commercial & Industrial, US addressed loans - <$100k 240 $5,915 $24,646
    Commercial & Industrial, US addressed loans - $100-250k 47 $4,253 $90,489
    Commercial & Industrial, US addressed loans - $250k-1MM 26 $7,644 $294,000
    Farmland loans - <$1MM 43 $3,924 $91,256
    Farmland loans - <$100k 24 $1,050 $43,750
    Farmland loans - $100-250k 12 $1,381 $115,083
    Farmland loans - $250k-1MM 7 $1,493 $213,286
    Agriculture operations loans - <$1MM 94 $5,491 $58,415
    Agriculture operations loans - <$100k 68 $1,760 $25,882
    Agriculture operations loans - $100-250k 22 $2,733 $124,227
    Agriculture operations loans - $250k-1MM 4 $998 $249,500