Texas Republic Bank Mortgage Rates, Fees & Info

Frisco, TX

LEI: 549300HVUN4WJ2BRSZ39

Tax ID: 75-0548760

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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

    Texas Republic Bank is a smaller bank specializing in Home Purchase loans. Texas Republic Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Bonham, Sherman, and Athens among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Texas Republic Bank 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.

    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.

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    Originations

    139

    Origination Dollar Volume (All Markets)

    $34,225,000

    Employee count

    47

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 136 $33,180,000 $243,971 $0 0.00%
    Bonham, TX (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
    Athens, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Texas Republic Bank's top markets include Dallas, Bonham, Sherman, and Athens among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 139 $34,225,000 $246,223 $0 0.00%

    For 2018, Texas Republic Bank's most frequently originated type of loan was Conventional, with 139 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 116 $24,740,000 $213,276 $0 0.00%
    Refi 9 $4,895,000 $543,889 $0 0.00%
    Cash Out Refi 7 $2,915,000 $416,429 $0 0.00%
    Home Improvement 4 $1,090,000 $272,500 $0 0.00%
    Other 3 $585,000 $195,000 $0 0.00%

    For 2018, Texas Republic Bank's most frequently cited loan purpose was Home Purchase, with 116 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 139 $34,225,000 $246,223 $0 0.00%

    For 2018, Texas Republic Bank's most frequently cited loan duration was Other, with 139 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 60 $8,890,000 $148,167 $0 0.00%
    $200k-400k 38 $10,230,000 $269,211 $0 0.00%
    $100,000 or less 21 $1,545,000 $73,571 $0 0.00%
    $400k-600k 12 $5,860,000 $488,333 $0 0.00%
    $1MM+ 4 $4,490,000 $1,122,500 $0 0.00%
    $600k-1MM 4 $3,210,000 $802,500 $0 0.00%

    2018 saw Texas Republic Bank place emphasis on $100k-200k loans with 60 originations, totaling $8,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 16 $5,900,000 $368,750 $0 0.00%
    $100k-150k 15 $2,835,000 $189,000 $0 0.00%
    $150k-250k 10 $2,660,000 $266,000 $0 0.00%
    $75k-100k 4 $1,150,000 $287,500 $0 0.00%
    $50k-75k 3 $855,000 $285,000 $0 0.00%
    $50k or less 1 $125,000 $125,000 $0 0.00%

    Texas Republic Bank lent most frequently to those with incomes in the $250k+ range, with 16 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 139 $34,225,000 $246,223 $0 0.00%

    Texas Republic Bank lent most frequently to those with DTI ratios of Exempt%, with 139 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 89 $20,565,000 $231,067 $0 0.00%
    White 37 $10,185,000 $275,270 $0 0.00%
    Asian 8 $1,580,000 $197,500 $0 0.00%
    Black 2 $1,270,000 $635,000 $0 0.00%
    Vietnamese 1 $245,000 $245,000 $0 0.00%
    Korean 1 $225,000 $225,000 $0 0.00%
    Asian Indian 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.08%

    Texas Republic Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.12%

    Texas Republic Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 139 $34,225,000 $246,223

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $95,000 $95,000
    Single Family (1-4 Units):Site-Built 138 $34,130,000 $247,319

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Texas Republic Bank, National Association 211 Main Street Quanah, TX 79252 Full Service B&M $13,709
    Texas Republic Bank, National Association 2595 Preston Rd, Bldg 100 Frisco, TX 75034 Full Service B&M $109,632
    Texas Republic Bank, National Association 690 W Campbell Rd, Suite 100 Richardson, TX 75080 Full Service B&M $67,996

    For 2018, Texas Republic Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,123
    Net interest income $12,066
    Total noninterest income $602
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $328
    Trading account gains and fees $0
    Additional Noninterest Income $274
    Pre-tax net operating income $5,085
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,017
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,017
    Minority interest net income $0
    Net income $4,017
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,017

    Texas Republic Bank's gross interest income from loans was $14,123,000.
    Texas Republic Bank's net interest income from loans was $12,066,000.
    Texas Republic Bank's fee based income from loans was $328,000.
    Texas Republic Bank's net income from loans was $4,017,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,057
    Provision for credit losses $270
    Total noninterest expense $7,313
    Salaries and employee benefits $4,669
    Premises and equipment expense $663
    Additional noninterest expense $1,981
    Applicable income taxes $1,068
    Net charge-offs $-3
    Cash dividends $0

    Texas Republic Bank's interest expense for loans was $2,057,000.
    Texas Republic Bank's payroll and benefits expense were $4,669,000.
    Texas Republic Bank's property, plant and equipment expenses $663,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 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 $205,794
    Deposits held in domestic offices $205,794
    Deposits by Individuals, partnerships, and corporations $171,498
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $479
    Deposits by Commercial banks and other depository institutions in U.S. $33,817
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $88,243
    Demand deposits $53,259
    Nontransaction accounts $117,551
    Money market deposit accounts (MMDAs) $26,990
    Other savings deposits (excluding MMDAs) $10,875
    Total time deposits $79,686
    Total time and savings deposits $152,535
    Noninterest-bearing deposits $53,259
    Interest-bearing deposits $152,535
    Retail deposits $181,275
    IRAs and Keogh plan accounts $2,876
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $256,468
    Cash & Balances due from depository institutions $17,620
    Interest-bearing balances $15,178
    Total securities $0
    Federal funds sold & reverse repurchase $0
    Net loans and leases $233,554
    Loan and leases loss allowance $2,513
    Trading account assets $0
    Bank premises and fixed assets $1,181
    Other real estate owned $0
    Goodwill and other intangibles $1,169
    All other assets $2,944

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $256,468
    Total Liabilities $226,024
    Total deposits $205,794
    Interest-bearing deposits $152,535
    Deposits held in domestic offices $205,794
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $1,066
    Trading liabilities $0
    Other borrowed funds $17,446
    Subordinated debt $0
    All other liabilities $1,718

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $233,554
    Loan and leases loss allowance $2,513
    Total loans and leases (domestic) $236,067
    All real estate loans $212,160
    Real estate loans in domestic offices $212,160
    Construction and development loans $30,301
    Residential 1-4 family construction $16,667
    Other construction, all land development and other land $13,634
    Loans secured by nonfarm nonresidential properties $59,735
    Nonfarm nonresidential secured by owner-occupied properties $40,199
    Commercial real estate & other non-farm, non-residential $19,536
    Multifamily residential real estate $3,716
    1-4 family residential loans $107,254
    Farmland loans $11,154
    Loans held in foreign offices $0
    Farm loans $781
    Commercial and industrial loans $21,639
    To non-U.S. addressees $0
    Loans to individuals $1,322
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $577
    Other loans to individuals $745
    All other loans & leases $186
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Texas Republic Bank had $233,554,000 of loans outstanding in 2018. $212,160,000 of loans were in real estate loans. $30,301,000 of loans were in development loans. $3,716,000 of loans were in multifamily mortgage loans. $107,254,000 of loans were in 1-4 family mortgage loans. $781,000 of loans were in farm loans. $0 of loans were in credit card loans. $577,000 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 78 $25,813 $330,936
    Nonfarm, nonresidential loans - <$100k 6 $211 $35,167
    Nonfarm, nonresidential loans - $100-250k 23 $3,794 $164,957
    Nonfarm, nonresidential loans - $250k-1MM 49 $21,808 $445,061
    Commercial & Industrial, US addressed loans - <$1MM 133 $12,282 $92,346
    Commercial & Industrial, US addressed loans - <$100k 74 $2,315 $31,284
    Commercial & Industrial, US addressed loans - $100-250k 39 $4,201 $107,718
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $5,766 $288,300
    Farmland loans - <$1MM 21 $3,466 $165,048
    Farmland loans - <$100k 5 $214 $42,800
    Farmland loans - $100-250k 11 $1,514 $137,636
    Farmland loans - $250k-1MM 5 $1,738 $347,600
    Agriculture operations loans - <$1MM 15 $781 $52,067
    Agriculture operations loans - <$100k 13 $412 $31,692
    Agriculture operations loans - $100-250k 2 $369 $184,500