The First National Bank Of Albany Mortgage Rates, Fees & Info

Albany, TX

LEI: 549300L34FQYD6PROV86

Tax ID: 75-0105467

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Mortgage Data

Bank Data

Review & Overview

The First National Bank Of Albany is a smaller bank specializing in Home Purchase loans. The First National Bank Of Albany has a high proportion of conventional loans. Their top markets by origination volume include: Abilene, Jackson, Dallas, Midland, and Taos among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

The First National Bank Of Albany has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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Originations

143

Origination Dollar Volume (All Markets)

$23,865,000

Employee count

78

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
ABILENE, TX (FHA|USDA|VA) 34 $9,490,000 $279,118 $0 0.00%
Outside of Metro Areas 87 $7,035,000 $80,862 $0 0.00%
Jackson, WY-ID (FHA|USDA|VA) 1 $3,405,000 $3,405,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $1,040,000 $520,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 3 $475,000 $158,333 $0 0.00%
Taos, NM (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Stephenville, TX (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
Granbury, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
WACO, TX (FHA|USDA|VA) 2 $180,000 $90,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Del Rio, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Mineral Wells, TX (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
Sweetwater, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
EL PASO, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
The First National Bank Of Albany's top markets include Abilene, Jackson, Dallas, Midland, and Taos among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 143 $23,865,000 $166,888 $0 0.00%

    For 2018, The First National Bank Of Albany's most frequently originated type of loan was Conventional, with 143 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 79 $16,155,000 $204,494 $0 0.00%
    Cash Out Refi 29 $2,755,000 $95,000 $0 0.00%
    Refi 21 $4,305,000 $205,000 $0 0.00%
    Other 12 $550,000 $45,833 $0 0.00%
    Home Improvement 2 $100,000 $50,000 $0 0.00%

    For 2018, The First National Bank Of Albany's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 143 $23,865,000 $166,888 $0 0.00%

    For 2018, The First National Bank Of Albany's most frequently cited loan duration was Other, with 143 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 97 $4,855,000 $50,052 $0 0.00%
    $100k-200k 24 $3,480,000 $145,000 $0 0.00%
    $200k-400k 15 $3,895,000 $259,667 $0 0.00%
    $1MM+ 3 $9,205,000 $3,068,333 $0 0.00%
    $400k-600k 3 $1,495,000 $498,333 $0 0.00%
    $600k-1MM 1 $935,000 $935,000 $0 0.00%

    2018 saw The First National Bank Of Albany place emphasis on $100,000 or less loans with 97 originations, totaling $4,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 27 $1,305,000 $48,333 $0 0.00%
    $50k-75k 26 $1,720,000 $66,154 $0 0.00%
    $75k-100k 14 $1,050,000 $75,000 $0 0.00%
    $100k-150k 13 $1,705,000 $131,154 $0 0.00%
    $150k-250k 11 $1,875,000 $170,455 $0 0.00%
    $250k+ 4 $2,040,000 $510,000 $0 0.00%

    The First National Bank Of Albany lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $50k-75k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 143 $23,865,000 $166,888 $0 0.00%

    The First National Bank Of Albany lent most frequently to those with DTI ratios of Exempt%, with 143 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 102 $13,490,000 $132,255 $0 0.00%
    Not applicable 41 $10,375,000 $253,049 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.83%

    The First National Bank Of Albany has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.21%

    The First National Bank Of Albany has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 143 $23,865,000 $166,888

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $5,800,000 $2,900,000
    Single Family (1-4 Units):Manufactured 12 $1,080,000 $90,000
    Single Family (1-4 Units):Site-Built 129 $16,985,000 $131,667

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The First National Bank of Albany 100 South Main Street Albany, TX 76430 Full Service B&M $256,475
    The First National Bank of Albany 101 East Walker Street Breckenridge, TX 76424 Full Service B&M $175,213
    The First National Bank of Albany 104 South Main Street Gordon, TX 76453 Full Service B&M $18,701
    The First National Bank of Albany 123 Central Strawn, TX 76475 Full Service B&M $12,409
    The First National Bank of Albany 1500 Industrial Blvd, Suite 102 Abilene, TX 79602 Full Service B&M $28,744

    For 2018, The First National Bank Of Albany had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,944
    Net interest income $24,382
    Total noninterest income $1,633
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $638
    Trading account gains and fees $0
    Additional Noninterest Income $995
    Pre-tax net operating income $9,654
    Securities gains (or losses, -) $0
    Income before extraordinary items $9,654
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,654
    Minority interest net income $0
    Net income $9,654
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,654

    The First National Bank Of Albany's gross interest income from loans was $27,944,000.
    The First National Bank Of Albany's net interest income from loans was $24,382,000.
    The First National Bank Of Albany's fee based income from loans was $638,000.
    The First National Bank Of Albany's net income from loans was $9,654,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,562
    Provision for credit losses $5,250
    Total noninterest expense $11,111
    Salaries and employee benefits $6,546
    Premises and equipment expense $815
    Additional noninterest expense $3,750
    Applicable income taxes $0
    Net charge-offs $4,198
    Cash dividends $5,797

    The First National Bank Of Albany's interest expense for loans was $3,562,000.
    The First National Bank Of Albany's payroll and benefits expense were $6,546,000.
    The First National Bank Of Albany's property, plant and equipment expenses $815,000.

    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 18.0%
    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 2.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $516,595
    Deposits held in domestic offices $516,595
    Deposits by Individuals, partnerships, and corporations $473,638
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $42,228
    Deposits by Commercial banks and other depository institutions in U.S. $729
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $47,936
    Demand deposits $37,617
    Nontransaction accounts $468,659
    Money market deposit accounts (MMDAs) $94,655
    Other savings deposits (excluding MMDAs) $193,626
    Total time deposits $180,378
    Total time and savings deposits $478,978
    Noninterest-bearing deposits $176,928
    Interest-bearing deposits $339,667
    Retail deposits $398,378
    IRAs and Keogh plan accounts $11,788
    Brokered deposits $82,867
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $592,295
    Cash & Balances due from depository institutions $37,187
    Interest-bearing balances $28,931
    Total securities $135,599
    Federal funds sold & reverse repurchase $2,000
    Net loans and leases $406,170
    Loan and leases loss allowance $6,216
    Trading account assets $0
    Bank premises and fixed assets $1,805
    Other real estate owned $450
    Goodwill and other intangibles $0
    All other assets $9,084

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $592,295
    Total Liabilities $526,459
    Total deposits $516,595
    Interest-bearing deposits $339,667
    Deposits held in domestic offices $516,595
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $1,500
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $3,364

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $406,170
    Loan and leases loss allowance $6,216
    Total loans and leases (domestic) $412,386
    All real estate loans $254,232
    Real estate loans in domestic offices $254,232
    Construction and development loans $25,298
    Residential 1-4 family construction $6,982
    Other construction, all land development and other land $18,316
    Loans secured by nonfarm nonresidential properties $135,637
    Nonfarm nonresidential secured by owner-occupied properties $68,230
    Commercial real estate & other non-farm, non-residential $67,407
    Multifamily residential real estate $1,362
    1-4 family residential loans $69,262
    Farmland loans $22,673
    Loans held in foreign offices $0
    Farm loans $18,562
    Commercial and industrial loans $121,202
    To non-U.S. addressees $0
    Loans to individuals $15,691
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,736
    Other loans to individuals $10,955
    All other loans & leases $2,699
    Loans to foreign governments and official institutions $0
    Other loans $49
    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 $415
    Non 1-4 family restructured loans & leases $415
    Total loans and leases (foreign) $0

    The First National Bank of Albany had $406,170,000 of loans outstanding in 2018. $254,232,000 of loans were in real estate loans. $25,298,000 of loans were in development loans. $1,362,000 of loans were in multifamily mortgage loans. $69,262,000 of loans were in 1-4 family mortgage loans. $18,562,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,736,000 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 318 $42,860 $134,780
    Nonfarm, nonresidential loans - <$100k 168 $5,558 $33,083
    Nonfarm, nonresidential loans - $100-250k 86 $10,980 $127,674
    Nonfarm, nonresidential loans - $250k-1MM 64 $26,322 $411,281
    Commercial & Industrial, US addressed loans - <$1MM 983 $49,175 $50,025
    Commercial & Industrial, US addressed loans - <$100k 815 $15,912 $19,524
    Commercial & Industrial, US addressed loans - $100-250k 93 $10,487 $112,763
    Commercial & Industrial, US addressed loans - $250k-1MM 75 $22,776 $303,680
    Farmland loans - <$1MM 43 $5,295 $123,140
    Farmland loans - <$100k 20 $857 $42,850
    Farmland loans - $100-250k 13 $1,655 $127,308
    Farmland loans - $250k-1MM 10 $2,783 $278,300
    Agriculture operations loans - <$1MM 367 $12,300 $33,515
    Agriculture operations loans - <$100k 325 $6,079 $18,705
    Agriculture operations loans - $100-250k 29 $3,055 $105,345
    Agriculture operations loans - $250k-1MM 13 $3,166 $243,538