State Bank Of De Kalb Mortgage Rates, Fees & Info

Bowie, TX

LEI: 549300L6SV1WXLO6BB96

Tax ID: 75-0583697

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

State Bank Of De Kalb is a smaller bank specializing in Home Purchase loans. State Bank Of De Kalb has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Texarkana, Dallas, Little Rock, Hope, and Hot Springs among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

State Bank Of De Kalb 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. State Bank Of De Kalb is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.49%	4/28/24
30 Year Conventional Refi	6.44%	4/28/24
30 Year Cash-out Refi	6.86%	4/28/24
30 Year FHA Purchase	6.90%	4/28/24
30 Year FHA Refi	6.36%	4/28/24
30 Year VA Purchase	5.81%	4/28/24
30 Year USDA Purchase	7.37%	4/28/24
15 Year Conventional Purchase	7.46%	4/28/24
15 Year Conventional Refi	6.29%	4/28/24
15 Year Cash-out Refi	6.29%	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.

State Bank Of De Kalb Mortgage Calculator

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This is not an official calculator from State Bank Of De Kalb. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

250

Origination Dollar Volume (All Markets)

$39,480,000

Employee count

Awards

State Bank of De Kalb 30 Year Conventional Loans gold

Show all (4) awards

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
TEXARKANA, TX-AR (FHA\|USDA\|VA)	197	$31,845,000	$161,650	$3,786	4.68%
Outside of Metro Areas	41	$5,695,000	$138,902	$2,621	5.57%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	3	$745,000	$248,333	$5,172	4.04%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	2	$520,000	$260,000	$2,789	4.38%
Hope, AR (FHA\|USDA\|VA)	4	$280,000	$70,000	$2,912	5.13%
HOT SPRINGS, AR (FHA\|USDA\|VA)	1	$175,000	$175,000	$2,358	3.75%
Stillwater, OK (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,107	4.75%
Mount Pleasant, TX (FHA\|USDA\|VA)	1	$85,000	$85,000	$4,217	4.50%

State Bank Of De Kalb's top markets include Texarkana, Dallas, Little Rock, Hope, and Hot Springs among others.

Their top states include:

Texas (FHA|USDA|VA)

Arkansas (FHA|USDA|VA)

Oklahoma (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against State Bank of De Kalb based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

State Bank of De Kalb
Similarity Rank: 128

Guaranty Bank & Trust, N.A.
Similarity Rank: 507

Farmers Bank & Trust Company
Similarity Rank: 1155

HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
Similarity Rank: 1728

BancorpSouth
Similarity Rank: 2068

Mortgage Research Center, LLC
Similarity Rank: 2760

MORTGAGE FINANCIAL SERVICES, LLC
Similarity Rank: 2880

CORNERSTONE HOME LENDING, INC.
Similarity Rank: 3636

SWBC MORTGAGE CORPORATION
Similarity Rank: 3792

EVERETT FINANCIAL, INC.
Similarity Rank: 5220

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	181	$28,315,000	$156,436	$2,842	5.14%
FHA	43	$6,885,000	$160,116	$5,774	3.96%
USDA	15	$1,675,000	$111,667	$3,727	4.27%
VA	11	$2,605,000	$236,818	$4,607	3.64%

For 2019, State Bank Of De Kalb's most frequently originated type of loan was Conventional, with 181 originations. Their 2nd most popular type was FHA, with 43 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	196	$31,790,000	$162,194	$3,956	4.64%
Refi	29	$5,415,000	$186,724	$2,359	4.58%
Home Improvement	14	$1,250,000	$89,286	$2,046	6.42%
Cash Out Refi	10	$980,000	$98,000	$2,659	6.46%
Other	1	$45,000	$45,000	$0	7.00%

For 2019, State Bank Of De Kalb's most frequently cited loan purpose was Home Purchase, with 196 originations. The 2nd most popular reason was Refi, with 29 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	152	$27,470,000	$180,724	$4,132	4.16%
5 Year	30	$3,210,000	$107,000	$1,788	6.35%
15 Year	26	$3,510,000	$135,000	$2,886	4.81%
Other	24	$3,140,000	$130,833	$2,269	5.98%
20 Year	7	$1,045,000	$149,286	$1,760	5.82%
10 Year	6	$680,000	$113,333	$968	6.41%
3 Year	5	$425,000	$85,000	$569	6.72%

For 2019, State Bank Of De Kalb's most frequently cited loan duration was 30 Year, with 152 originations. The 2nd most popular length was 5 Year, with 30 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	195	$32,325,000	$165,769
$1k-2k	9	$2,305,000	$256,111

State Bank Of De Kalb's average total fees were $4,132, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 195 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	88	$18,150,000	$206,250
4-5%	61	$9,365,000	$153,525
5-6%	55	$6,975,000	$126,818
6-7%	32	$3,010,000	$94,063
2.5-3%	5	$1,425,000	$285,000
7-8%	5	$365,000	$73,000
Over 8%	4	$190,000	$47,500

During 2019, State Bank Of De Kalb's average interest rate for loans was 4.16%, while their most frequently originated rate bucket for loans was 3-4%, with 88 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	98	$14,750,000	$150,510	$3,782	4.35%
$100,000 or less	84	$4,940,000	$58,810	$2,357	5.83%
$200k-400k	63	$17,085,000	$271,190	$4,498	4.19%
$400k-600k	3	$1,245,000	$415,000	$3,413	4.57%
$600k-1MM	2	$1,460,000	$730,000	$5,485	5.38%

2019 saw State Bank Of De Kalb place emphasis on $100k-200k loans with 98 originations, totaling $14,750,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	63	$8,075,000	$128,175	$3,534	4.63%
$100k-150k	45	$8,475,000	$188,333	$3,706	4.68%
$75k-100k	42	$6,490,000	$154,524	$3,960	4.79%
$50k or less	40	$3,490,000	$87,250	$2,870	5.19%
$150k-250k	27	$6,115,000	$226,481	$4,430	4.33%
$250k+	17	$4,625,000	$272,059	$3,599	4.61%

State Bank Of De Kalb lent most frequently to those with incomes in the $50k-75k range, with 63 originations. The second most popular income band? $100k-150k, with 45 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	61	$10,455,000	$171,393	$3,309	4.60%
30-36%	48	$7,650,000	$159,375	$3,751	4.55%
<20%	24	$4,290,000	$178,750	$3,179	4.49%
39%	9	$1,345,000	$149,444	$4,878	4.36%
44%	8	$1,520,000	$190,000	$3,241	4.98%
41%	7	$805,000	$115,000	$3,992	5.34%
45%	7	$975,000	$139,286	$4,003	4.80%
37%	7	$1,325,000	$189,286	$3,795	4.29%
40%	7	$905,000	$129,286	$3,349	5.09%
47%	6	$990,000	$165,000	$5,177	3.81%
50-60%	6	$1,040,000	$173,333	$2,291	5.67%
38%	6	$1,000,000	$166,667	$4,661	4.54%
43%	4	$810,000	$202,500	$3,600	4.22%
46%	4	$890,000	$222,500	$3,123	4.47%
48%	4	$580,000	$145,000	$5,208	3.72%
42%	3	$395,000	$131,667	$3,229	4.79%
49%	1	$195,000	$195,000	$3,750	4.00%
36%	1	$225,000	$225,000	$3,520	3.50%
>60%	1	$215,000	$215,000	$2,750	6.50%

State Bank Of De Kalb lent most frequently to those with DTI ratios of 20-30%, with 61 originations. The next most common DTI ratio? 30-36%, with 48 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	205	$33,425,000	$163,049	$3,615	4.70%
Black	18	$2,340,000	$130,000	$4,055	4.56%
Not applicable	16	$2,210,000	$138,125	$0	6.13%
Asian	7	$1,305,000	$186,429	$3,580	5.40%
American Indian	2	$130,000	$65,000	$2,374	5.13%
Not provided	1	$45,000	$45,000	$1,183	6.50%
Native Hawaiian or Islander	1	$25,000	$25,000	$1,178	7.25%

Approval Rates

Total approvals of all applications
94.59%

State Bank Of De Kalb has an average approval rate.

Pick Rate

Approvals leading to origination
88.40%

State Bank Of De Kalb has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	250	$39,480,000	$157,920

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Manufactured	7	$535,000	$76,429
Single Family (1-4 Units):Site-Built	243	$38,945,000	$160,267

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	12	$1,130,000	$94,167	$2,155	5.70%
40-60%	22	$2,920,000	$132,727	$2,508	4.98%
60-80%	68	$11,010,000	$161,912	$3,060	5.10%
80-100%	141	$23,315,000	$165,355	$4,072	4.56%
Over 100%	3	$745,000	$248,333	$9,960	4.08%
Under 20%	3	$105,000	$35,000	$1,318	7.17%

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
STATE FARM BANK, FSB	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	2	16.7%
STATE FARM BANK, FSB	Conventional home mortgage	Problem with a credit reporting company's investigation into an existing problem	1	8.3%
STATE FARM BANK, FSB	Conventional home mortgage	Struggling to pay mortgage	1	8.3%
STATE FARM BANK, FSB	Conventional home mortgage	Trouble during payment process	5	41.7%
STATE FARM BANK, FSB	Home equity loan or line of credit (HELOC)	Trouble during payment process	2	16.7%
STATE FARM BANK, FSB	VA mortgage	Trouble during payment process	1	8.3%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
State Bank of De Kalb	4805 Texas Boulevard Texarkana, TX 75503	Full Service B&M	$15,794
State Bank of De Kalb	601 West Main Street Clarksville, TX 75426	Limited, Drive-thru	$0
State Bank of De Kalb	102 S Runnels St De Kalb, TX 75559	Full Service B&M	$65,309
State Bank of De Kalb	103 E. New Boston Road Nash, TX 75569	Full Service B&M	$5,461
State Bank of De Kalb	200 West Main Street Clarksville, TX 75426	Full Service B&M	$51,449
State Bank of De Kalb	209 W. Main Street Atlanta, TX 75551	Full Service B&M	$42,550
State Bank of De Kalb	3315 Richmond Road Texarkana, TX 75503	Full Service B&M	$56,579

For 2019, State Bank Of De Kalb had 7 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$13,774
Net interest income	$11,433
Total noninterest income	$2,680
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,094
Trading account gains and fees	$0
Additional Noninterest Income	$1,586
Pre-tax net operating income	$5,031
Securities gains (or losses, -)	$0
Income before extraordinary items	$5,031
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$5,031
Minority interest net income	$0
Net income	$5,031
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$5,031

State Bank Of De Kalb's gross interest income from loans was $13,774,000.
State Bank Of De Kalb's net interest income from loans was $11,433,000.
State Bank Of De Kalb's fee based income from loans was $1,094,000.
State Bank Of De Kalb's net income from loans was $5,031,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,341
Provision for credit losses	$385
Total noninterest expense	$8,697
Salaries and employee benefits	$4,927
Premises and equipment expense	$928
Additional noninterest expense	$2,842
Applicable income taxes	$0
Net charge-offs	$216
Cash dividends	$3,667

State Bank Of De Kalb's interest expense for loans was $2,341,000.
State Bank Of De Kalb's payroll and benefits expense were $4,927,000.
State Bank Of De Kalb's property, plant and equipment expenses $928,000.

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	$232,406
Deposits held in domestic offices	$232,406
Deposits by Individuals, partnerships, and corporations	$189,850
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$42,474
Deposits by Commercial banks and other depository institutions in U.S.	$82
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$96,504
Demand deposits	$53,870
Nontransaction accounts	$135,902
Money market deposit accounts (MMDAs)	$63,158
Other savings deposits (excluding MMDAs)	$11,884
Total time deposits	$60,860
Total time and savings deposits	$178,536
Noninterest-bearing deposits	$54,952
Interest-bearing deposits	$177,454
Retail deposits	$211,675
IRAs and Keogh plan accounts	$5,435
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$266,343
Cash & Balances due from depository institutions	$32,186
Interest-bearing balances	$27,943
Total securities	$6
Federal funds sold & reverse repurchase	$225
Net loans and leases	$226,435
Loan and leases loss allowance	$3,201
Trading account assets	$0
Bank premises and fixed assets	$4,357
Other real estate owned	$0
Goodwill and other intangibles	$889
All other assets	$2,245

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$266,343
Total Liabilities	$238,012
Total deposits	$232,406
Interest-bearing deposits	$177,454
Deposits held in domestic offices	$232,406
% insured (estimated)	$74
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$5,000
Subordinated debt	$0
All other liabilities	$606

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$226,435
Loan and leases loss allowance	$3,201
Total loans and leases (domestic)	$229,636
All real estate loans	$163,307
Real estate loans in domestic offices	$163,307
Construction and development loans	$32,298
Residential 1-4 family construction	$9,354
Other construction, all land development and other land	$22,944
Loans secured by nonfarm nonresidential properties	$52,606
Nonfarm nonresidential secured by owner-occupied properties	$12,948
Commercial real estate & other non-farm, non-residential	$39,658
Multifamily residential real estate	$4,783
1-4 family residential loans	$45,126
Farmland loans	$28,494
Loans held in foreign offices	$0
Farm loans	$20,096
Commercial and industrial loans	$41,141
To non-U.S. addressees	$0
Loans to individuals	$4,009
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$1,573
Other loans to individuals	$2,436
All other loans & leases	$1,083
Loans to foreign governments and official institutions	$0
Other loans	$88
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

State Bank of De Kalb had $226,435,000 of loans outstanding in 2019. $163,307,000 of loans were in real estate loans. $32,298,000 of loans were in development loans. $4,783,000 of loans were in multifamily mortgage loans. $45,126,000 of loans were in 1-4 family mortgage loans. $20,096,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,573,000 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	156	$24,175	$154,968
Nonfarm, nonresidential loans - <$100k	81	$2,932	$36,198
Nonfarm, nonresidential loans - $100-250k	32	$4,091	$127,844
Nonfarm, nonresidential loans - $250k-1MM	43	$17,152	$398,884
Commercial & Industrial, US addressed loans - <$1MM	422	$31,305	$74,182
Commercial & Industrial, US addressed loans - <$100k	293	$6,469	$22,078
Commercial & Industrial, US addressed loans - $100-250k	73	$7,537	$103,247
Commercial & Industrial, US addressed loans - $250k-1MM	56	$17,299	$308,911
Farmland loans - <$1MM	145	$14,970	$103,241
Farmland loans - <$100k	70	$2,589	$36,986
Farmland loans - $100-250k	58	$7,517	$129,603
Farmland loans - $250k-1MM	17	$4,864	$286,118
Agriculture operations loans - <$1MM	279	$13,604	$48,760
Agriculture operations loans - <$100k	220	$4,462	$20,282
Agriculture operations loans - $100-250k	39	$4,663	$119,564
Agriculture operations loans - $250k-1MM	20	$4,479	$223,950