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

Sonora, TX

LEI: 549300CUL44QXBGFJM68

Tax ID: 75-0568556

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Mortgage Data

Bank Data

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. Their top markets by origination volume include: San Antonio, Austin, San Angelo, Dallas, and Fredericksburg among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

The First National Bank Of Sonora has an 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

118

Origination Dollar Volume (All Markets)

$37,080,000

Employee count

90

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) 41 $21,575,000 $526,220 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 21 $7,405,000 $352,619 $0 0.00%
SAN ANGELO, TX (FHA|USDA|VA) 39 $5,125,000 $131,410 $0 0.00%
Outside of Metro Areas 13 $2,175,000 $167,308 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Fredericksburg, TX (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
ABILENE, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
The First National Bank Of Sonora's top markets include San Antonio, Austin, San Angelo, Dallas, and Fredericksburg among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 118 $37,080,000 $314,237 $0 0.00%

    For 2020, The First National Bank Of Sonora's most frequently originated type of loan was Conventional, with 118 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 58 $24,620,000 $424,483 $0 0.00%
    Refi 50 $10,960,000 $219,200 $0 0.00%
    Home Improvement 5 $415,000 $83,000 $0 0.00%
    Other 5 $1,085,000 $217,000 $0 0.00%

    For 2020, The First National Bank Of Sonora's most frequently cited loan purpose was Home Purchase, with 58 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 118 $37,080,000 $314,237 $0 0.00%

    For 2020, The First National Bank Of Sonora's most frequently cited loan duration was Other, with 118 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 34 $5,000,000 $147,059 $0 0.00%
    $100,000 or less 30 $1,990,000 $66,333 $0 0.00%
    $200k-400k 29 $7,935,000 $273,621 $0 0.00%
    $400k-600k 10 $4,950,000 $495,000 $0 0.00%
    $600k-1MM 8 $5,820,000 $727,500 $0 0.00%
    $1MM+ 7 $11,385,000 $1,626,429 $0 0.00%

    2020 saw The First National Bank Of Sonora place emphasis on $100k-200k loans with 34 originations, totaling $5,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 31 $19,465,000 $627,903 $0 0.00%
    $100k-150k 27 $4,925,000 $182,407 $0 0.00%
    $150k-250k 12 $3,000,000 $250,000 $0 0.00%
    $50k-75k 10 $1,130,000 $113,000 $0 0.00%
    $75k-100k 6 $690,000 $115,000 $0 0.00%
    $50k or less 5 $375,000 $75,000 $0 0.00%

    The First National Bank Of Sonora lent most frequently to those with incomes in the $250k+ range, with 31 originations. The second most popular income band? $100k-150k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 118 $37,080,000 $314,237 $0 0.00%

    The First National Bank Of Sonora lent most frequently to those with DTI ratios of Exempt%, with 118 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 82 $25,920,000 $316,098 $0 0.00%
    Not applicable 25 $6,695,000 $267,800 $0 0.00%
    Not provided 9 $3,865,000 $429,444 $0 0.00%
    Black 1 $515,000 $515,000 $0 0.00%
    Asian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.57%

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

    Pick Rate

    Approvals leading to origination
    76.27%

    The First National Bank Of Sonora has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 118 $37,080,000 $314,237

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $2,690,000 $672,500
    Single Family (1-4 Units):Manufactured 9 $1,065,000 $118,333
    Single Family (1-4 Units):Site-Built 105 $33,325,000 $317,381

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The First National Bank of Sonora 100 Stillwater Wimberley, TX 78676 Full Service B&M $9,964
    The First National Bank of Sonora 102 East Main Street Sonora, TX 76950 Full Service B&M $116,054
    The First National Bank of Sonora 122 West Bandera Road Boerne, TX 78006 Full Service B&M $39,544
    The First National Bank of Sonora 1570 River Road Boerne, TX 78006 Full Service B&M $9,918
    The First National Bank of Sonora 2502 Southland Boulevard San Angelo, TX 76904 Full Service B&M $87,826
    The First National Bank of Sonora 512 Singing Oaks Bulverde, TX 78070 Full Service B&M $30,285
    The First National Bank of Sonora 5710 Sherwood Way San Angelo, TX 76901 Full Service B&M $130,665

    For 2020, The First National Bank Of Sonora had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,623
    Net interest income $16,883
    Total noninterest income $1,898
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $542
    Trading account gains and fees $0
    Additional Noninterest Income $1,356
    Pre-tax net operating income $2,620
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,620
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,620
    Minority interest net income $0
    Net income $2,620
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,620

    The First National Bank Of Sonora's gross interest income from loans was $19,623,000.
    The First National Bank Of Sonora's net interest income from loans was $16,883,000.
    The First National Bank Of Sonora's fee based income from loans was $542,000.
    The First National Bank Of Sonora's net income from loans was $2,620,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,740
    Provision for credit losses $832
    Total noninterest expense $15,329
    Salaries and employee benefits $7,342
    Premises and equipment expense $1,869
    Additional noninterest expense $6,118
    Applicable income taxes $0
    Net charge-offs $250
    Cash dividends $2,432

    The First National Bank Of Sonora's interest expense for loans was $2,740,000.
    The First National Bank Of Sonora's payroll and benefits expense were $7,342,000.
    The First National Bank Of Sonora's property, plant and equipment expenses $1,869,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 5.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 3.0%
    All other family 0.0%
    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 $439,205
    Deposits held in domestic offices $439,205
    Deposits by Individuals, partnerships, and corporations $422,379
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $16,826
    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 $217,955
    Demand deposits $157,992
    Nontransaction accounts $221,250
    Money market deposit accounts (MMDAs) $49,229
    Other savings deposits (excluding MMDAs) $52,009
    Total time deposits $120,012
    Total time and savings deposits $281,213
    Noninterest-bearing deposits $141,361
    Interest-bearing deposits $297,844
    Retail deposits $390,289
    IRAs and Keogh plan accounts $6,048
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $495,798
    Cash & Balances due from depository institutions $95,022
    Interest-bearing balances $89,876
    Total securities $17,897
    Federal funds sold & reverse repurchase $0
    Net loans and leases $342,233
    Loan and leases loss allowance $5,939
    Trading account assets $0
    Bank premises and fixed assets $21,282
    Other real estate owned $341
    Goodwill and other intangibles $0
    All other assets $19,023

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $495,798
    Total Liabilities $449,798
    Total deposits $439,205
    Interest-bearing deposits $297,844
    Deposits held in domestic offices $439,205
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $7,668
    Subordinated debt $0
    All other liabilities $2,925

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $342,233
    Loan and leases loss allowance $5,939
    Total loans and leases (domestic) $348,172
    All real estate loans $289,885
    Real estate loans in domestic offices $289,885
    Construction and development loans $59,243
    Residential 1-4 family construction $26,799
    Other construction, all land development and other land $32,444
    Loans secured by nonfarm nonresidential properties $106,076
    Nonfarm nonresidential secured by owner-occupied properties $45,126
    Commercial real estate & other non-farm, non-residential $60,950
    Multifamily residential real estate $7,496
    1-4 family residential loans $100,594
    Farmland loans $16,476
    Loans held in foreign offices $0
    Farm loans $3,966
    Commercial and industrial loans $38,589
    To non-U.S. addressees $0
    Loans to individuals $15,732
    Credit card loans $0
    Related Plans $1,023
    Consumer Auto Loans $6,865
    Other loans to individuals $7,844
    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 $3,149
    Non 1-4 family restructured loans & leases $2,663
    Total loans and leases (foreign) $0

    The First National Bank of Sonora had $342,233,000 of loans outstanding in 2020. $289,885,000 of loans were in real estate loans. $59,243,000 of loans were in development loans. $7,496,000 of loans were in multifamily mortgage loans. $100,594,000 of loans were in 1-4 family mortgage loans. $3,966,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,865,000 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 138 $32,679 $236,804
    Nonfarm, nonresidential loans - <$100k 25 $1,252 $50,080
    Nonfarm, nonresidential loans - $100-250k 45 $5,525 $122,778
    Nonfarm, nonresidential loans - $250k-1MM 68 $25,902 $380,912
    Commercial & Industrial, US addressed loans - <$1MM 346 $23,028 $66,555
    Commercial & Industrial, US addressed loans - <$100k 254 $6,569 $25,862
    Commercial & Industrial, US addressed loans - $100-250k 58 $6,260 $107,931
    Commercial & Industrial, US addressed loans - $250k-1MM 34 $10,199 $299,971
    Farmland loans - <$1MM 42 $4,098 $97,571
    Farmland loans - <$100k 20 $678 $33,900
    Farmland loans - $100-250k 13 $1,379 $106,077
    Farmland loans - $250k-1MM 9 $2,041 $226,778
    Agriculture operations loans - <$1MM 79 $3,530 $44,684
    Agriculture operations loans - <$100k 57 $1,519 $26,649
    Agriculture operations loans - $100-250k 19 $1,752 $92,211
    Agriculture operations loans - $250k-1MM 3 $259 $86,333