Extraco Banks Mortgage Rates, Fees & Info

Temple, TX

LEI: 549300F7S6KEMTKK0546

Tax ID: 74-0935612

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Extraco Banks is a smaller bank specializing in Home Purchase loans. Extraco Banks has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Killeen, College Station, Waco, Corpus Christi, and Austin among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Extraco Banks 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. Extraco Banks is typically an average 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 about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.63% 4/21/24
    30 Year Conventional Refi 6.94% 4/21/24
    30 Year Cash-out Refi 7.22% 4/21/24
    30 Year FHA Purchase 7.46% 4/21/24
    30 Year VA Purchase 6.36% 4/21/24
    15 Year Conventional Purchase 6.21% 4/21/24
    15 Year Conventional Refi 6.29% 4/21/24
    15 Year Cash-out Refi 6.29% 4/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Extraco Banks Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Extraco Banks. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    565

    Origination Dollar Volume (All Markets)

    $126,285,000

    Employee count

    341 Show all (7) awards

    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
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 262 $54,020,000 $206,183 $4,013 4.74%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 94 $30,590,000 $325,426 $5,102 4.89%
    WACO, TX (FHA|USDA|VA) 84 $13,560,000 $161,429 $3,458 5.12%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 66 $11,890,000 $180,152 $6,142 4.82%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 26 $7,590,000 $291,923 $5,134 4.56%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $3,390,000 $565,000 $5,808 4.47%
    Outside of Metro Areas 7 $965,000 $137,857 $4,311 4.64%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $835,000 $278,333 $9,619 4.67%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $775,000 $258,333 $6,342 4.44%
    ABILENE, TX (FHA|USDA|VA) 2 $710,000 $355,000 $5,867 3.79%
    Fredericksburg, TX (FHA|USDA|VA) 1 $455,000 $455,000 $9,201 3.50%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $285,000 $285,000 $4,376 4.88%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.50%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.50%
    Bay City, TX (FHA|USDA|VA) 1 $125,000 $125,000 $5,105 4.13%
    Huntsville, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,436 5.38%
    Beeville, TX (FHA|USDA|VA) 1 $115,000 $115,000 $6,049 4.75%
    Kingsville, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,454 4.25%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.50%
    Taos, NM (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.50%
    Stephenville, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.80%
    Alice, TX (FHA|USDA|VA) 1 $85,000 $85,000 $7,153 5.38%
    Extraco Banks's top markets include Killeen, College Station, Waco, Corpus Christi, and Austin among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Extraco Banks based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    NEIGHBORHOOD
    Similarity Rank: 200
    CORNERSTONE MORTGAGE PROVIDERS
    Similarity Rank: 291
    American Bank
    Similarity Rank: 350
    NAVY ARMY COMMUNITY CREDIT UNION
    Similarity Rank: 368
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 386
    The Bank & Trust of Bryan/College Station
    Similarity Rank: 396
    American Momentum Bank
    Similarity Rank: 399
    TEXANS
    Similarity Rank: 416
    Priority Bank
    Similarity Rank: 456
    AUSTIN TELCO Federal Credit Union
    Similarity Rank: 481

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 458 $105,330,000 $229,978 $3,823 4.90%
    FHA 68 $11,950,000 $175,735 $6,916 4.72%
    VA 39 $9,005,000 $230,897 $5,972 4.09%

    For 2018, Extraco Banks's most frequently originated type of loan was Conventional, with 458 originations. Their 2nd most popular type was FHA, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 448 $111,960,000 $249,911 $5,008 4.71%
    Refi 45 $7,525,000 $167,222 $4,344 5.04%
    Cash Out Refi 31 $3,945,000 $127,258 $2,783 5.10%
    Home Improvement 30 $1,870,000 $62,333 $1,036 5.66%
    Other 11 $985,000 $89,545 $2,388 5.29%

    For 2018, Extraco Banks's most frequently cited loan purpose was Home Purchase, with 448 originations. The 2nd most popular reason was Refi, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 342 $77,440,000 $226,433 $5,019 4.49%
    10 Year 85 $18,235,000 $214,529 $2,619 5.51%
    15 Year 76 $8,350,000 $109,868 $2,286 5.01%
    5 Year 24 $5,600,000 $233,333 $0 5.41%
    Other 17 $7,675,000 $451,471 $2,145 5.57%
    20 Year 11 $7,165,000 $651,364 $4,384 5.39%
    1 Year 10 $1,820,000 $182,000 $0 5.44%

    For 2018, Extraco Banks's most frequently cited loan duration was 30 Year, with 342 originations. The 2nd most popular length was 10 Year, with 85 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 287 $64,035,000 $223,118
    $<1k 59 $4,775,000 $80,932
    $2k-3k 50 $10,310,000 $206,200
    $3k-4k 19 $4,315,000 $227,105
    $5k+ 6 $2,780,000 $463,333
    $4k-5k 3 $595,000 $198,333

    Extraco Banks's average total fees were $5,019, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 287 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 194 $44,380,000 $228,763
    5-6% 191 $41,295,000 $216,204
    3-4% 135 $36,005,000 $266,704
    6-7% 35 $2,965,000 $84,714
    7-8% 5 $515,000 $103,000
    2.5-3% 4 $1,100,000 $275,000
    Over 8% 1 $25,000 $25,000

    During 2018, Extraco Banks's average interest rate for loans was 4.49%, while their most frequently originated rate bucket for loans was 4-5%, with 194 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 234 $35,500,000 $151,709 $4,406 4.65%
    $200k-400k 139 $38,615,000 $277,806 $5,556 4.47%
    $100,000 or less 121 $7,085,000 $58,554 $2,311 5.62%
    $400k-600k 50 $24,510,000 $490,200 $6,017 4.49%
    $600k-1MM 16 $11,050,000 $690,625 $7,355 4.97%
    $1MM+ 5 $9,525,000 $1,905,000 $0 5.67%

    2018 saw Extraco Banks place emphasis on $100k-200k loans with 234 originations, totaling $35,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 114 $17,150,000 $150,439 $4,299 4.50%
    $100k-150k 87 $19,255,000 $221,322 $5,039 4.62%
    $50k or less 68 $6,460,000 $95,000 $3,786 5.28%
    $250k+ 60 $20,600,000 $343,333 $4,851 4.41%
    $150k-250k 59 $16,115,000 $273,136 $4,963 4.48%
    $75k-100k 54 $8,770,000 $162,407 $4,738 4.84%

    Extraco Banks lent most frequently to those with incomes in the $50k-75k range, with 114 originations. The second most popular income band? $100k-150k, with 87 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 90 $19,190,000 $213,222 $4,005 4.53%
    30-36% 82 $16,900,000 $206,098 $4,008 4.46%
    <20% 42 $11,030,000 $262,619 $4,474 4.25%
    50-60% 26 $5,120,000 $196,923 $6,667 4.63%
    44% 18 $2,410,000 $133,889 $4,134 4.59%
    40% 18 $3,550,000 $197,222 $4,079 4.78%
    45% 15 $2,925,000 $195,000 $6,083 4.71%
    37% 14 $2,240,000 $160,000 $4,476 4.72%
    38% 14 $2,160,000 $154,286 $3,750 4.98%
    39% 13 $2,465,000 $189,615 $4,392 4.97%
    42% 12 $2,160,000 $180,000 $4,427 4.61%
    43% 12 $1,960,000 $163,333 $4,560 4.59%
    46% 12 $2,170,000 $180,833 $5,468 5.03%
    48% 12 $2,540,000 $211,667 $6,142 4.61%
    47% 9 $1,635,000 $181,667 $5,082 5.26%
    41% 8 $2,270,000 $283,750 $4,506 4.63%
    36% 8 $2,120,000 $265,000 $6,407 4.12%
    49% 4 $1,020,000 $255,000 $5,068 4.72%
    >60% 2 $680,000 $340,000 $8,593 4.06%

    Extraco Banks lent most frequently to those with DTI ratios of 20-30%, with 90 originations. The next most common DTI ratio? 30-36%, with 82 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 398 $79,730,000 $200,327 $4,515 4.65%
    Not applicable 109 $35,115,000 $322,156 $0 5.47%
    Asian 25 $6,285,000 $251,400 $4,763 4.03%
    Not provided 13 $2,745,000 $211,154 $3,459 5.43%
    Black 19 $2,185,000 $115,000 $4,220 5.20%
    Filipino 1 $225,000 $225,000 $8,188 4.75%

    Approval Rates

    Total approvals of all applications
    94.59%

    Extraco Banks has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.02%

    Extraco Banks has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 565 $126,285,000 $223,513

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 18 $16,180,000 $898,889
    Single Family (1-4 Units):Site-Built 547 $110,105,000 $201,289

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $2,280,000 $76,000 $1,723 5.33%
    40-60% 59 $9,995,000 $169,407 $3,196 4.98%
    60-80% 166 $43,480,000 $261,928 $4,374 5.02%
    80-100% 275 $60,355,000 $219,473 $5,111 4.52%
    Over 100% 14 $8,270,000 $590,714 $11,904 5.20%
    Under 20% 21 $1,905,000 $90,714 $1,147 5.62%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    EASTERN BANKSHARES INC Conventional home mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Extraco Banks, National Association 3615 South 31st Street Temple, TX 76502 Full Service B&M $333,024
    Extraco Banks, National Association 100 West Central Texas Expressway Harker Heights, TX 76548 Full Service B&M $132,559
    Extraco Banks, National Association 1002 W. Central Texas Expwy. Killeen, TX 76541 Full Service B&M $55,597
    Extraco Banks, National Association 1003 East Highway 190 Copperas Cove, TX 76522 Full Service B&M $28,446
    Extraco Banks, National Association 1208 East Main Street Hamilton, TX 76531 Full Service B&M $30,465
    Extraco Banks, National Association 1504 Williams Drive Georgetown, TX 78628 Full Service B&M $20,249
    Extraco Banks, National Association 1700 North Valley Mills Drive Waco, TX 76710 Full Service B&M $211,111
    Extraco Banks, National Association 18-20 South Main Temple, TX 76503 Limited, Mobile/Seasonal Office $0
    Extraco Banks, National Association 18-20 South Main Temple, TX 76503 Limited, Drive-thru $0
    Extraco Banks, National Association 18-20 South Main Street Temple, TX 76501 Full Service B&M $109,760
    Extraco Banks, National Association 1821 S Valley Mills Drive Waco, TX 76711 Full Service B&M $2,095
    Extraco Banks, National Association 200 Hewitt Drive Waco, TX 76712 Full Service B&M $42,263
    Extraco Banks, National Association 2000 North Main St Belton, TX 76513 Full Service B&M $73,133
    Extraco Banks, National Association 2706 South Texas Avenue Bryan, TX 77802 Full Service B&M $24,641
    Extraco Banks, National Association 415 N Johnson St. Mc Gregor, TX 76657 Full Service B&M $11,187
    Extraco Banks, National Association 605 S University Parks Dr Waco, TX 76706 Full Service B&M $6,801
    Extraco Banks, National Association 800 East Main Street Gatesville, TX 76528 Full Service B&M $78,271

    For 2018, Extraco Banks had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $52,374
    Net interest income $45,898
    Total noninterest income $18,814
    Gross Fiduciary activities income $3,558
    Service charges on deposit accounts $4,691
    Trading account gains and fees $0
    Additional Noninterest Income $10,565
    Pre-tax net operating income $14,940
    Securities gains (or losses, -) $-1
    Income before extraordinary items $14,939
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,939
    Minority interest net income $0
    Net income $14,939
    Sale, conversion, retirement of capital stock, net $147
    Net operating income $14,940

    Extraco Banks's gross interest income from loans was $52,374,000.
    Extraco Banks's net interest income from loans was $45,898,000.
    Extraco Banks's fee based income from loans was $4,691,000.
    Extraco Banks's net income from loans was $14,939,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,476
    Provision for credit losses $651
    Total noninterest expense $49,121
    Salaries and employee benefits $30,997
    Premises and equipment expense $7,444
    Additional noninterest expense $10,680
    Applicable income taxes $0
    Net charge-offs $202
    Cash dividends $7,000

    Extraco Banks's interest expense for loans was $6,476,000.
    Extraco Banks's payroll and benefits expense were $30,997,000.
    Extraco Banks's property, plant and equipment expenses $7,444,000.

    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 $1,172,667
    Deposits held in domestic offices $1,172,667
    Deposits by Individuals, partnerships, and corporations $1,140,286
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $31,461
    Deposits by Commercial banks and other depository institutions in U.S. $920
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $110,097
    Demand deposits $75,069
    Nontransaction accounts $1,062,570
    Money market deposit accounts (MMDAs) $924,938
    Other savings deposits (excluding MMDAs) $35,557
    Total time deposits $102,075
    Total time and savings deposits $1,097,598
    Noninterest-bearing deposits $344,682
    Interest-bearing deposits $827,985
    Retail deposits $1,132,352
    IRAs and Keogh plan accounts $23,603
    Brokered deposits $26,017
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,429,277
    Cash & Balances due from depository institutions $139,825
    Interest-bearing balances $102,556
    Total securities $325,982
    Federal funds sold & reverse repurchase $0
    Net loans and leases $922,391
    Loan and leases loss allowance $22,197
    Trading account assets $0
    Bank premises and fixed assets $23,138
    Other real estate owned $0
    Goodwill and other intangibles $759
    All other assets $17,182

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,429,277
    Total Liabilities $1,282,360
    Total deposits $1,172,667
    Interest-bearing deposits $827,985
    Deposits held in domestic offices $1,172,667
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $77,224
    Trading liabilities $0
    Other borrowed funds $25,776
    Subordinated debt $0
    All other liabilities $6,693

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $922,391
    Loan and leases loss allowance $22,197
    Total loans and leases (domestic) $944,588
    All real estate loans $745,142
    Real estate loans in domestic offices $745,142
    Construction and development loans $107,919
    Residential 1-4 family construction $20,902
    Other construction, all land development and other land $87,017
    Loans secured by nonfarm nonresidential properties $328,380
    Nonfarm nonresidential secured by owner-occupied properties $149,286
    Commercial real estate & other non-farm, non-residential $179,094
    Multifamily residential real estate $17,887
    1-4 family residential loans $275,752
    Farmland loans $15,204
    Loans held in foreign offices $0
    Farm loans $2,898
    Commercial and industrial loans $36,295
    To non-U.S. addressees $0
    Loans to individuals $104,992
    Credit card loans $0
    Related Plans $2,023
    Consumer Auto Loans $96,030
    Other loans to individuals $6,939
    All other loans & leases $55,261
    Loans to foreign governments and official institutions $0
    Other loans $239
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Extraco Banks had $922,391,000 of loans outstanding in 2018. $745,142,000 of loans were in real estate loans. $107,919,000 of loans were in development loans. $17,887,000 of loans were in multifamily mortgage loans. $275,752,000 of loans were in 1-4 family mortgage loans. $2,898,000 of loans were in farm loans. $0 of loans were in credit card loans. $96,030,000 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 321 $76,862 $239,445
    Nonfarm, nonresidential loans - <$100k 64 $2,494 $38,969
    Nonfarm, nonresidential loans - $100-250k 89 $10,095 $113,427
    Nonfarm, nonresidential loans - $250k-1MM 168 $64,273 $382,577
    Commercial & Industrial, US addressed loans - <$1MM 485 $28,649 $59,070
    Commercial & Industrial, US addressed loans - <$100k 368 $8,254 $22,429
    Commercial & Industrial, US addressed loans - $100-250k 54 $5,050 $93,519
    Commercial & Industrial, US addressed loans - $250k-1MM 63 $15,345 $243,571
    Farmland loans - <$1MM 57 $5,291 $92,825
    Farmland loans - <$100k 28 $934 $33,357
    Farmland loans - $100-250k 20 $2,182 $109,100
    Farmland loans - $250k-1MM 9 $2,175 $241,667
    Agriculture operations loans - <$1MM 76 $2,547 $33,513
    Agriculture operations loans - <$100k 61 $1,145 $18,770
    Agriculture operations loans - $100-250k 10 $924 $92,400
    Agriculture operations loans - $250k-1MM 5 $478 $95,600