Firstbank Southwest Mortgage Rates, Fees & Info

Amarillo, TX

LEI: 549300FRF7HYNM1S7Y12

Tax ID: 75-0491670

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Mortgage Data

Bank Data

Review & Overview

Firstbank Southwest is a smaller bank specializing in Home Purchase and Refi loans. Firstbank Southwest has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Amarillo, Pampa, Hereford, Lubbock, and College Station among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

Firstbank Southwest 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

345

Origination Dollar Volume (All Markets)

$46,525,000

Employee count

186

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
AMARILLO, TX (FHA|USDA|VA) 214 $33,290,000 $155,561 $0 0.00%
Outside of Metro Areas 38 $4,190,000 $110,263 $0 0.00%
Pampa, TX (FHA|USDA|VA) 50 $3,330,000 $66,600 $0 0.00%
Hereford, TX (FHA|USDA|VA) 25 $1,955,000 $78,200 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 7 $1,515,000 $216,429 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $875,000 $875,000 $0 0.00%
SANTA FE, NM (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
RICHMOND, VA (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Big Spring, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Woodward, OK (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Borger, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Clovis, NM (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Plainview, TX (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
Firstbank Southwest's top markets include Amarillo, Pampa, Hereford, Lubbock, and College Station among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 301 $39,865,000 $132,442 $0 0.00%
    FHA 33 $4,285,000 $129,848 $0 0.00%
    VA 11 $2,375,000 $215,909 $0 0.00%

    For 2018, Firstbank Southwest's most frequently originated type of loan was Conventional, with 301 originations. Their 2nd most popular type was FHA, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 242 $33,300,000 $137,603 $0 0.00%
    Refi 65 $10,395,000 $159,923 $0 0.00%
    Home Improvement 16 $660,000 $41,250 $0 0.00%
    Other 15 $815,000 $54,333 $0 0.00%
    Cash Out Refi 7 $1,355,000 $193,571 $0 0.00%

    For 2018, Firstbank Southwest's most frequently cited loan purpose was Home Purchase, with 242 originations. The 2nd most popular reason was Refi, with 65 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 345 $46,525,000 $134,855 $0 0.00%

    For 2018, Firstbank Southwest's most frequently cited loan duration was Other, with 345 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 171 $9,345,000 $54,649 $0 0.00%
    $100k-200k 112 $16,000,000 $142,857 $0 0.00%
    $200k-400k 53 $14,145,000 $266,887 $0 0.00%
    $400k-600k 6 $2,740,000 $456,667 $0 0.00%
    $600k-1MM 2 $1,480,000 $740,000 $0 0.00%
    $1MM+ 1 $2,815,000 $2,815,000 $0 0.00%

    2018 saw Firstbank Southwest place emphasis on $100,000 or less loans with 171 originations, totaling $9,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 73 $7,205,000 $98,699 $0 0.00%
    $100k-150k 61 $9,745,000 $159,754 $0 0.00%
    $50k or less 52 $3,800,000 $73,077 $0 0.00%
    $75k-100k 51 $7,195,000 $141,078 $0 0.00%
    $250k+ 20 $4,020,000 $201,000 $0 0.00%
    $150k-250k 18 $3,350,000 $186,111 $0 0.00%

    Firstbank Southwest lent most frequently to those with incomes in the $50k-75k range, with 73 originations. The second most popular income band? $100k-150k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 345 $46,525,000 $134,855 $0 0.00%

    Firstbank Southwest lent most frequently to those with DTI ratios of Exempt%, with 345 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 253 $33,155,000 $131,047 $0 0.00%
    Not applicable 59 $9,315,000 $157,881 $0 0.00%
    Not provided 26 $3,010,000 $115,769 $0 0.00%
    Vietnamese 1 $485,000 $485,000 $0 0.00%
    Asian 3 $325,000 $108,333 $0 0.00%
    American Indian 3 $235,000 $78,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.48%

    Firstbank Southwest has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.88%

    Firstbank Southwest has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 345 $46,525,000 $134,855

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $6,040,000 $604,000
    Single Family (1-4 Units):Site-Built 335 $40,485,000 $120,851

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRSTBANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 33.3%
    FIRSTBANK Other type of mortgage Trouble during payment process 1 33.3%
    FIRSTBANK Conventional home mortgage Closing on a mortgage 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    FirstBank Southwest 115 South Main Street Booker, TX 79005 Full Service B&M $39,210
    FirstBank Southwest 201 South Main Street Perryton, TX 79070 Full Service B&M $195,244
    FirstBank Southwest 2401 South Georgia Amarillo, TX 79120 Full Service B&M $387,082
    FirstBank Southwest 300 North Main Street Hereford, TX 79045 Full Service B&M $69,716
    FirstBank Southwest 300 West Kingsmill Street Pampa, TX 79065 Full Service B&M $148,984
    FirstBank Southwest 4241 S.W. 45th Street Amarillo, TX 79109 Full Service B&M $26,753
    FirstBank Southwest 5701 W 34th Avenue Amarillo, TX 79109 Full Service B&M $28,917
    FirstBank Southwest 5725 West Amarillo Blvd. Amarillo, TX 79106 Full Service B&M $6,706
    FirstBank Southwest 7420 Sw 45th Syreet Amarillo, TX 79119 Full Service B&M $20,099

    For 2018, Firstbank Southwest had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $35,106
    Net interest income $30,736
    Total noninterest income $9,601
    Gross Fiduciary activities income $1,376
    Service charges on deposit accounts $1,980
    Trading account gains and fees $0
    Additional Noninterest Income $6,245
    Pre-tax net operating income $14,190
    Securities gains (or losses, -) $0
    Income before extraordinary items $14,190
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,190
    Minority interest net income $0
    Net income $14,190
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,190

    Firstbank Southwest's gross interest income from loans was $35,106,000.
    Firstbank Southwest's net interest income from loans was $30,736,000.
    Firstbank Southwest's fee based income from loans was $1,980,000.
    Firstbank Southwest's net income from loans was $14,190,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,370
    Provision for credit losses $525
    Total noninterest expense $25,622
    Salaries and employee benefits $15,960
    Premises and equipment expense $3,641
    Additional noninterest expense $6,021
    Applicable income taxes $0
    Net charge-offs $110
    Cash dividends $7,300

    Firstbank Southwest's interest expense for loans was $4,370,000.
    Firstbank Southwest's payroll and benefits expense were $15,960,000.
    Firstbank Southwest's property, plant and equipment expenses $3,641,000.

    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 $896,034
    Deposits held in domestic offices $896,034
    Deposits by Individuals, partnerships, and corporations $808,118
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $87,913
    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 $34,601
    Demand deposits $34,601
    Nontransaction accounts $861,433
    Money market deposit accounts (MMDAs) $590,193
    Other savings deposits (excluding MMDAs) $46,739
    Total time deposits $224,501
    Total time and savings deposits $861,433
    Noninterest-bearing deposits $300,886
    Interest-bearing deposits $595,148
    Retail deposits $793,606
    IRAs and Keogh plan accounts $15,120
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $996,832
    Cash & Balances due from depository institutions $63,745
    Interest-bearing balances $44,932
    Total securities $302,767
    Federal funds sold & reverse repurchase $0
    Net loans and leases $581,569
    Loan and leases loss allowance $7,207
    Trading account assets $0
    Bank premises and fixed assets $14,524
    Other real estate owned $208
    Goodwill and other intangibles $2,999
    All other assets $31,020

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $996,832
    Total Liabilities $907,880
    Total deposits $896,034
    Interest-bearing deposits $595,148
    Deposits held in domestic offices $896,034
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $148
    Subordinated debt $0
    All other liabilities $11,698

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $581,569
    Loan and leases loss allowance $7,207
    Total loans and leases (domestic) $588,776
    All real estate loans $350,442
    Real estate loans in domestic offices $350,442
    Construction and development loans $30,627
    Residential 1-4 family construction $16,643
    Other construction, all land development and other land $13,984
    Loans secured by nonfarm nonresidential properties $176,236
    Nonfarm nonresidential secured by owner-occupied properties $75,162
    Commercial real estate & other non-farm, non-residential $101,074
    Multifamily residential real estate $23,639
    1-4 family residential loans $84,977
    Farmland loans $34,963
    Loans held in foreign offices $0
    Farm loans $59,626
    Commercial and industrial loans $129,783
    To non-U.S. addressees $0
    Loans to individuals $31,610
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $19,346
    Other loans to individuals $12,264
    All other loans & leases $17,448
    Loans to foreign governments and official institutions $0
    Other loans $6,973
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $9,330
    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

    FirstBank Southwest had $581,569,000 of loans outstanding in 2018. $350,442,000 of loans were in real estate loans. $30,627,000 of loans were in development loans. $23,639,000 of loans were in multifamily mortgage loans. $84,977,000 of loans were in 1-4 family mortgage loans. $59,626,000 of loans were in farm loans. $0 of loans were in credit card loans. $19,346,000 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 288 $51,967 $180,441
    Nonfarm, nonresidential loans - <$100k 104 $4,368 $42,000
    Nonfarm, nonresidential loans - $100-250k 90 $11,627 $129,189
    Nonfarm, nonresidential loans - $250k-1MM 94 $35,972 $382,681
    Commercial & Industrial, US addressed loans - <$1MM 1,620 $84,913 $52,415
    Commercial & Industrial, US addressed loans - <$100k 1,281 $32,738 $25,557
    Commercial & Industrial, US addressed loans - $100-250k 262 $27,515 $105,019
    Commercial & Industrial, US addressed loans - $250k-1MM 77 $24,660 $320,260
    Farmland loans - <$1MM 75 $9,187 $122,493
    Farmland loans - <$100k 35 $1,697 $48,486
    Farmland loans - $100-250k 27 $4,166 $154,296
    Farmland loans - $250k-1MM 13 $3,324 $255,692
    Agriculture operations loans - <$1MM 558 $37,084 $66,459
    Agriculture operations loans - <$100k 408 $12,113 $29,689
    Agriculture operations loans - $100-250k 108 $13,891 $128,620
    Agriculture operations loans - $250k-1MM 42 $11,080 $263,810