Ennis State Bank Mortgage Rates, Fees & Info
Ennis, TXLEI: 549300L0KQ09W67V4228
Tax ID: 75-0256400
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Mortgage Data
Bank Data
Review & Overview
Ennis State Bank is a smaller bank specializing in Home Purchase loans. Ennis State Bank has a high proportion of conventional loans. Their top two markets are Dallas and Bonham .Ennis State Bank 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.89% | 4/28/24 |
| 30 Year Conventional Refi | 6.89% | 4/28/24 |
| 30 Year Cash-out Refi | 7.10% | 4/28/24 |
| 15 Year Conventional Purchase | 6.73% | 4/28/24 |
| 15 Year Conventional Refi | 7.09% | 4/28/24 |
| 15 Year Cash-out Refi | 7.09% | 4/28/24 |
| 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. | ||
Ennis State Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
16Origination Dollar Volume (All Markets)
$2,610,000Employee count
61Top 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) | 15 | $2,445,000 | $163,000 | $0 | 6.28% |
| Bonham, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Ennis State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 200
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 15 | $2,525,000 | $168,333 | $0 | 6.33% |
| HELOC | 1 | $85,000 | $85,000 | n/a | 5.50% |
For 2018, Ennis State Bank's most frequently originated type of loan was Conventional, with 15 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 14 | $2,290,000 | $163,571 | $0 | 6.21% |
| Home Improvement | 1 | $245,000 | $245,000 | $0 | 6.25% |
| Refi | 1 | $75,000 | $75,000 | $0 | 7.25% |
For 2018, Ennis State Bank's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Home Improvement, with 1 originations.
Loan Duration/Length
For 2018, Ennis State Bank's most frequently cited loan duration was 3 Year, with 7 originations. The 2nd most popular length was 5 Year, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 10 | $1,760,000 | $176,000 |
| 5-6% | 5 | $775,000 | $155,000 |
| 7-8% | 1 | $75,000 | $75,000 |
During 2018, Ennis State Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 10 originations.
Loan Sizing
2018 saw Ennis State Bank place emphasis on $100k-200k loans with 9 originations, totaling $1,185,000 in origination value.
Applicant Income
Ennis State Bank lent most frequently to those with incomes in the $50k-75k range, with 3 originations. The second most popular income band? $50k or less, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 7 | $1,575,000 | $225,000 | $0 | 5.96% |
| White | 8 | $870,000 | $108,750 | $0 | 6.50% |
| Black | 1 | $165,000 | $165,000 | $0 | 6.75% |
Approval Rates
Total approvals of all applications100.00%
Ennis State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.50%
Ennis State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 16 | $2,610,000 | $163,125 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $210,000 | $105,000 |
| Single Family (1-4 Units):Site-Built | 14 | $2,400,000 | $171,429 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 40-60% | 1 | $245,000 | $245,000 | $0 | 6.25% |
| 60-80% | 9 | $1,555,000 | $172,778 | $0 | 6.28% |
| 80-100% | 6 | $810,000 | $135,000 | $0 | 6.29% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Ennis State Bank | 1301 N. Riverfront Blvd Dallas, TX 75207 | Full Service B&M | $14,766 |
| Ennis State Bank | 370 E. Tripp Road Sunnyvale, TX 75182 | Full Service B&M | $34,972 |
| Ennis State Bank | 700 West Ennis Avenue Ennis, TX 75119 | Full Service B&M | $0 |
| Ennis State Bank | 815 West Ennis Avenue Ennis, TX 75119 | Full Service B&M | $121,930 |
For 2018, Ennis State Bank had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $10,480 |
| Net interest income | $9,418 |
| Total noninterest income | $1,369 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $330 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,039 |
| Pre-tax net operating income | $3,761 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,761 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,761 |
| Minority interest net income | $0 |
| Net income | $3,761 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,761 |
Ennis State Bank's gross interest income from loans was $10,480,000.
Ennis State Bank's net interest income from loans was $9,418,000.
Ennis State Bank's fee based income from loans was $330,000.
Ennis State Bank's net income from loans was $3,761,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,062 |
| Provision for credit losses | $60 |
| Total noninterest expense | $6,966 |
| Salaries and employee benefits | $3,873 |
| Premises and equipment expense | $1,340 |
| Additional noninterest expense | $1,753 |
| Applicable income taxes | $0 |
| Net charge-offs | $32 |
| Cash dividends | $2,209 |
Ennis State Bank's interest expense for loans was $1,062,000.
Ennis State Bank's payroll and benefits expense were $3,873,000.
Ennis State Bank's property, plant and equipment expenses $1,340,000.
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 | 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 | $184,189 |
| Deposits held in domestic offices | $184,189 |
| Deposits by Individuals, partnerships, and corporations | $162,954 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $21,235 |
| 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 | $91,668 |
| Demand deposits | $62,837 |
| Nontransaction accounts | $92,521 |
| Money market deposit accounts (MMDAs) | $49,978 |
| Other savings deposits (excluding MMDAs) | $18,616 |
| Total time deposits | $23,927 |
| Total time and savings deposits | $121,352 |
| Noninterest-bearing deposits | $62,837 |
| Interest-bearing deposits | $121,352 |
| Retail deposits | $178,344 |
| IRAs and Keogh plan accounts | $2,522 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $231,356 |
| Cash & Balances due from depository institutions | $24,713 |
| Interest-bearing balances | $17,418 |
| Total securities | $31,522 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $163,652 |
| Loan and leases loss allowance | $2,177 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,267 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $295 |
| All other assets | $5,907 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $231,356 |
| Total Liabilities | $209,377 |
| Total deposits | $184,189 |
| Interest-bearing deposits | $121,352 |
| Deposits held in domestic offices | $184,189 |
| % insured (estimated) | $71 |
| Federal funds purchased and repurchase agreements | $14,180 |
| Trading liabilities | $0 |
| Other borrowed funds | $10,022 |
| Subordinated debt | $0 |
| All other liabilities | $986 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $163,652 |
| Loan and leases loss allowance | $2,177 |
| Total loans and leases (domestic) | $165,829 |
| All real estate loans | $128,318 |
| Real estate loans in domestic offices | $128,318 |
| Construction and development loans | $26,421 |
| Residential 1-4 family construction | $9,363 |
| Other construction, all land development and other land | $17,058 |
| Loans secured by nonfarm nonresidential properties | $67,839 |
| Nonfarm nonresidential secured by owner-occupied properties | $30,378 |
| Commercial real estate & other non-farm, non-residential | $37,461 |
| Multifamily residential real estate | $5,837 |
| 1-4 family residential loans | $25,146 |
| Farmland loans | $3,075 |
| Loans held in foreign offices | $0 |
| Farm loans | $2,685 |
| Commercial and industrial loans | $32,625 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,748 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $667 |
| Other loans to individuals | $1,081 |
| All other loans & leases | $453 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $25 |
| 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 | $1,070 |
| Non 1-4 family restructured loans & leases | $767 |
| Total loans and leases (foreign) | $0 |
Ennis State Bank had $163,652,000 of loans outstanding in 2018. $128,318,000 of loans were in real estate loans. $26,421,000 of loans were in development loans. $5,837,000 of loans were in multifamily mortgage loans. $25,146,000 of loans were in 1-4 family mortgage loans. $2,685,000 of loans were in farm loans. $0 of loans were in credit card loans. $667,000 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 | 139 | $34,815 | $250,468 |
| Nonfarm, nonresidential loans - <$100k | 30 | $1,187 | $39,567 |
| Nonfarm, nonresidential loans - $100-250k | 47 | $6,390 | $135,957 |
| Nonfarm, nonresidential loans - $250k-1MM | 62 | $27,238 | $439,323 |
| Commercial & Industrial, US addressed loans - <$1MM | 213 | $17,393 | $81,657 |
| Commercial & Industrial, US addressed loans - <$100k | 142 | $3,519 | $24,782 |
| Commercial & Industrial, US addressed loans - $100-250k | 38 | $3,880 | $102,105 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 33 | $9,994 | $302,848 |
| Farmland loans - <$1MM | 34 | $2,592 | $76,235 |
| Farmland loans - <$100k | 17 | $388 | $22,824 |
| Farmland loans - $100-250k | 7 | $880 | $125,714 |
| Farmland loans - $250k-1MM | 10 | $1,324 | $132,400 |
| Agriculture operations loans - <$1MM | 33 | $1,685 | $51,061 |
| Agriculture operations loans - <$100k | 27 | $548 | $20,296 |
| Agriculture operations loans - $100-250k | 4 | $568 | $142,000 |
| Agriculture operations loans - $250k-1MM | 2 | $569 | $284,500 |