Incommons Bank N.a. Mortgage Rates, Fees & Info

Mexia, TX

LEI: 549300GXMSA3UUO46130

Tax ID: 74-0844632

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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

    Incommons Bank N.a. is a smaller bank specializing in Home Purchase and Refi loans. Incommons Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Waco, College Station, Corsicana, Houston, and Killeen among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Incommons Bank N.a. 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.

    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.

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    Originations

    108

    Origination Dollar Volume (All Markets)

    $16,930,000

    Employee count

    55

    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
    Outside of Metro Areas 75 $9,825,000 $131,000 $0 0.00%
    WACO, TX (FHA|USDA|VA) 20 $4,920,000 $246,000 $0 0.00%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $720,000 $360,000 $0 0.00%
    Corsicana, TX (FHA|USDA|VA) 2 $570,000 $285,000 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $485,000 $161,667 $0 0.00%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Bonham, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Palestine, TX (FHA|USDA|VA) 2 $80,000 $40,000 $0 0.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Incommons Bank N.a.'s top markets include Waco, College Station, Corsicana, Houston, and Killeen among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $16,930,000 $156,759 $0 0.00%

    For 2021, Incommons Bank N.a.'s most frequently originated type of loan was Conventional, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 68 $11,010,000 $161,912 $0 0.00%
    Refi 20 $4,170,000 $208,500 $0 0.00%
    Cash Out Refi 11 $1,155,000 $105,000 $0 0.00%
    Home Improvement 8 $530,000 $66,250 $0 0.00%
    Other 1 $65,000 $65,000 $0 0.00%

    For 2021, Incommons Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 68 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 108 $16,930,000 $156,759 $0 0.00%

    For 2021, Incommons Bank N.a.'s most frequently cited loan duration was Other, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 49 $2,835,000 $57,857 $0 0.00%
    $100k-200k 30 $4,260,000 $142,000 $0 0.00%
    $200k-400k 24 $6,620,000 $275,833 $0 0.00%
    $400k-600k 3 $1,505,000 $501,667 $0 0.00%
    $600k-1MM 2 $1,710,000 $855,000 $0 0.00%

    2021 saw Incommons Bank N.a. place emphasis on $100,000 or less loans with 49 originations, totaling $2,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 26 $4,680,000 $180,000 $0 0.00%
    $75k-100k 22 $2,630,000 $119,545 $0 0.00%
    $150k-250k 16 $4,300,000 $268,750 $0 0.00%
    $50k or less 16 $970,000 $60,625 $0 0.00%
    $50k-75k 15 $1,085,000 $72,333 $0 0.00%
    $250k+ 7 $2,275,000 $325,000 $0 0.00%

    Incommons Bank N.a. lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $75k-100k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 108 $16,930,000 $156,759 $0 0.00%

    Incommons Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 95 $15,185,000 $159,842 $0 0.00%
    Not applicable 6 $990,000 $165,000 $0 0.00%
    Black 6 $490,000 $81,667 $0 0.00%
    American Indian 1 $265,000 $265,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.68%

    Incommons Bank N.a. has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    52.78%

    Incommons Bank N.a. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 108 $16,930,000 $156,759

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    108 $16,930,000 $156,759

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Incommons Bank, N.A. 123 Bell Street Coolidge, TX 76635 Full Service B&M $13,175
    Incommons Bank, N.A. 301 East Commerce Street Mexia, TX 76667 Full Service B&M $94,141
    Incommons Bank, N.A. 339 Main Street Rosebud, TX 76570 Full Service B&M $22,240
    Incommons Bank, N.A. 415 West Commerce Fairfield, TX 75840 Full Service B&M $25,381
    Incommons Bank, N.A. 5400 Crosslake Parkway Waco, TX 76712 Full Service B&M $18,993
    Incommons Bank, N.A. 714 East Texas Avenue Mart, TX 76664 Full Service B&M $9,903

    For 2021, Incommons Bank N.a. had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,023
    Net interest income $9,497
    Total noninterest income $2,077
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $652
    Trading account gains and fees $0
    Additional Noninterest Income $1,425
    Pre-tax net operating income $4,108
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,414
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,414
    Minority interest net income $0
    Net income $3,414
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,414

    Incommons Bank N.a.'s gross interest income from loans was $10,023,000.
    Incommons Bank N.a.'s net interest income from loans was $9,497,000.
    Incommons Bank N.a.'s fee based income from loans was $652,000.
    Incommons Bank N.a.'s net income from loans was $3,414,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $526
    Provision for credit losses $205
    Total noninterest expense $7,261
    Salaries and employee benefits $3,465
    Premises and equipment expense $774
    Additional noninterest expense $3,022
    Applicable income taxes $694
    Net charge-offs $71
    Cash dividends $2,900

    Incommons Bank N.a.'s interest expense for loans was $526,000.
    Incommons Bank N.a.'s payroll and benefits expense were $3,465,000.
    Incommons Bank N.a.'s property, plant and equipment expenses $774,000.

    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 $200,577
    Deposits held in domestic offices $200,577
    Deposits by Individuals, partnerships, and corporations $171,885
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,692
    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 $129,610
    Demand deposits $58,561
    Nontransaction accounts $70,967
    Money market deposit accounts (MMDAs) $11,326
    Other savings deposits (excluding MMDAs) $36,736
    Total time deposits $22,905
    Total time and savings deposits $142,016
    Noninterest-bearing deposits $58,561
    Interest-bearing deposits $142,016
    Retail deposits $196,645
    IRAs and Keogh plan accounts $1,779
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $219,674
    Cash & Balances due from depository institutions $17,930
    Interest-bearing balances $10,683
    Total securities $53,624
    Federal funds sold & reverse repurchase $0
    Net loans and leases $137,253
    Loan and leases loss allowance $1,525
    Trading account assets $0
    Bank premises and fixed assets $4,661
    Other real estate owned $0
    Goodwill and other intangibles $320
    All other assets $5,886

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $219,674
    Total Liabilities $201,358
    Total deposits $200,577
    Interest-bearing deposits $142,016
    Deposits held in domestic offices $200,577
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $781

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $137,253
    Loan and leases loss allowance $1,525
    Total loans and leases (domestic) $138,778
    All real estate loans $84,574
    Real estate loans in domestic offices $84,574
    Construction and development loans $12,643
    Residential 1-4 family construction $5,260
    Other construction, all land development and other land $7,383
    Loans secured by nonfarm nonresidential properties $15,762
    Nonfarm nonresidential secured by owner-occupied properties $9,700
    Commercial real estate & other non-farm, non-residential $6,062
    Multifamily residential real estate $3,755
    1-4 family residential loans $42,469
    Farmland loans $9,945
    Loans held in foreign offices $0
    Farm loans $17,578
    Commercial and industrial loans $26,943
    To non-U.S. addressees $0
    Loans to individuals $9,726
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,042
    Other loans to individuals $7,684
    All other loans & leases $92
    Loans to foreign governments and official institutions $0
    Other loans $92
    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 $289
    Non 1-4 family restructured loans & leases $289
    Total loans and leases (foreign) $0

    Incommons Bank N.A. had $137,253,000 of loans outstanding in 2021. $84,574,000 of loans were in real estate loans. $12,643,000 of loans were in development loans. $3,755,000 of loans were in multifamily mortgage loans. $42,469,000 of loans were in 1-4 family mortgage loans. $17,578,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,042,000 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 66 $10,219 $154,833
    Nonfarm, nonresidential loans - <$100k 22 $939 $42,682
    Nonfarm, nonresidential loans - $100-250k 25 $3,003 $120,120
    Nonfarm, nonresidential loans - $250k-1MM 19 $6,277 $330,368
    Commercial & Industrial, US addressed loans - <$1MM 333 $18,491 $55,529
    Commercial & Industrial, US addressed loans - <$100k 287 $6,614 $23,045
    Commercial & Industrial, US addressed loans - $100-250k 24 $3,174 $132,250
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $8,703 $395,591
    Farmland loans - <$1MM 101 $9,945 $98,465
    Farmland loans - <$100k 101 $9,945 $98,465
    Agriculture operations loans - <$1MM 271 $17,578 $64,863
    Agriculture operations loans - <$100k 271 $17,578 $64,863