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 and Refi 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, Hot Springs, Dallas, Mount Pleasant, and Austin among others. We have data for 15 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

309

Origination Dollar Volume (All Markets)

$69,365,000

Employee count

Awards

State Bank of De Kalb 30 Year Conventional Loans gold

Show all (5) 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)	235	$50,295,000	$214,021	$3,958	3.71%
Outside of Metro Areas	45	$8,915,000	$198,111	$4,142	4.58%
HOT SPRINGS, AR (FHA\|USDA\|VA)	7	$2,895,000	$413,571	$2,932	2.69%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	6	$1,910,000	$318,333	$3,877	3.29%
Mount Pleasant, TX (FHA\|USDA\|VA)	1	$1,165,000	$1,165,000	$0	4.75%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	2	$820,000	$410,000	$6,359	3.30%
Hope, AR (FHA\|USDA\|VA)	4	$670,000	$167,500	$3,487	2.69%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	2	$640,000	$320,000	$5,520	3.16%
HOMOSASSA SPRINGS, FL (FHA\|USDA\|VA)	1	$545,000	$545,000	$6,668	2.25%
Thomasville, GA (FHA\|USDA\|VA)	1	$405,000	$405,000	$3,775	2.25%
LONGVIEW, TX (FHA\|USDA\|VA)	1	$335,000	$335,000	$2,707	2.13%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	1	$235,000	$235,000	$2,480	4.25%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	1	$195,000	$195,000	$0	3.85%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	3.95%
Magnolia, AR (FHA\|USDA\|VA)	1	$165,000	$165,000	$3,064	3.25%

State Bank Of De Kalb's top markets include Texarkana, Hot Springs, Dallas, Mount Pleasant, and Austin among others.

Their top states include:

Texas (FHA|USDA|VA)

Arkansas (FHA|USDA|VA)

Oklahoma (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Georgia (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: 285

Farmers Bank & Trust Company
Similarity Rank: 874

RED RIVER EMPLOYEES
Similarity Rank: 1100

Guaranty Bank & Trust, N.A.
Similarity Rank: 1230

FREEDOM MORTGAGE CORPORATION
Similarity Rank: 2781

CORNERSTONE HOME LENDING, INC.
Similarity Rank: 2944

Citizens Bank
Similarity Rank: 3685

BancorpSouth
Similarity Rank: 4536

MORTGAGE FINANCIAL SERVICES, LLC
Similarity Rank: 4982

NEW DAY FINANCIAL, LLC
Similarity Rank: 6456

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	264	$60,460,000	$229,015	$3,503	3.96%
FHA	24	$4,230,000	$176,250	$6,420	2.72%
USDA	12	$2,200,000	$183,333	$5,150	2.75%
VA	9	$2,475,000	$275,000	$4,901	2.46%

For 2021, State Bank Of De Kalb's most frequently originated type of loan was Conventional, with 264 originations. Their 2nd most popular type was FHA, with 24 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	174	$38,780,000	$222,874	$4,522	3.72%
Refi	93	$23,685,000	$254,677	$3,384	3.51%
Cash Out Refi	28	$5,850,000	$208,929	$3,930	3.84%
Home Improvement	14	$1,050,000	$75,000	$1,753	6.09%

For 2021, State Bank Of De Kalb's most frequently cited loan purpose was Home Purchase, with 174 originations. The 2nd most popular reason was Refi, with 93 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	142	$35,180,000	$247,746	$4,536	2.82%
5 Year	69	$10,135,000	$146,884	$2,366	5.01%
15 Year	42	$9,440,000	$224,762	$3,230	3.51%
Other	31	$5,995,000	$193,387	$2,380	5.31%
10 Year	13	$6,845,000	$526,538	$2,811	3.78%
20 Year	6	$1,370,000	$228,333	$3,520	3.43%
3 Year	5	$265,000	$53,000	$0	6.56%
1 Year	1	$135,000	$135,000	$0	6.00%

For 2021, State Bank Of De Kalb's most frequently cited loan duration was 30 Year, with 142 originations. The 2nd most popular length was 5 Year, with 69 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	160	$36,600,000	$228,750
$1k-2k	51	$12,465,000	$244,412
$2k-3k	10	$2,960,000	$296,000
$3k-4k	1	$255,000	$255,000

State Bank Of De Kalb's average total fees were $4,536, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 160 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
2.5-3%	82	$21,410,000	$261,098
<2.5%	60	$17,350,000	$289,167
4-5%	58	$9,990,000	$172,241
3-4%	56	$15,990,000	$285,536
5-6%	39	$3,935,000	$100,897
6-7%	6	$290,000	$48,333
Over 8%	5	$185,000	$37,000
7-8%	3	$215,000	$71,667

During 2021, State Bank Of De Kalb's average interest rate for loans was 2.82%, while their most frequently originated rate bucket for loans was 2.5-3%, with 82 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	110	$30,920,000	$281,091	$4,263	3.13%
$100k-200k	92	$13,740,000	$149,348	$3,979	3.45%
$100,000 or less	74	$4,160,000	$56,216	$2,257	5.47%
$400k-600k	28	$13,890,000	$496,071	$4,776	2.89%
$1MM+	3	$5,095,000	$1,698,333	$0	4.05%
$600k-1MM	2	$1,560,000	$780,000	$4,756	4.35%

2021 saw State Bank Of De Kalb place emphasis on $200k-400k loans with 110 originations, totaling $30,920,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	60	$13,220,000	$220,333	$3,927	3.28%
$50k-75k	50	$7,920,000	$158,400	$4,062	3.92%
$75k-100k	42	$7,390,000	$175,952	$4,106	3.62%
$250k+	32	$13,320,000	$416,250	$4,262	2.94%
$150k-250k	31	$9,475,000	$305,645	$3,757	3.15%
$50k or less	24	$2,860,000	$119,167	$3,515	3.91%

State Bank Of De Kalb lent most frequently to those with incomes in the $100k-150k range, with 60 originations. The second most popular income band? $50k-75k, with 50 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	46	$9,740,000	$211,739	$4,006	3.25%
30-36%	42	$8,790,000	$209,286	$3,807	3.24%
<20%	34	$7,080,000	$208,235	$3,162	3.67%
38%	14	$3,080,000	$220,000	$4,608	3.22%
43%	12	$3,220,000	$268,333	$4,529	3.48%
39%	11	$3,015,000	$274,091	$4,385	2.76%
42%	9	$2,455,000	$272,778	$3,641	2.61%
41%	9	$2,625,000	$291,667	$3,421	4.06%
45%	7	$2,175,000	$310,714	$4,905	3.34%
37%	6	$1,480,000	$246,667	$3,539	3.23%
36%	6	$1,310,000	$218,333	$5,076	3.13%
>60%	6	$2,570,000	$428,333	$2,728	4.83%
49%	6	$1,670,000	$278,333	$5,103	2.54%
50-60%	6	$660,000	$110,000	$3,461	5.96%
40%	6	$1,240,000	$206,667	$5,465	3.06%
44%	5	$1,005,000	$201,000	$4,971	3.98%
48%	4	$630,000	$157,500	$2,965	4.31%
47%	4	$950,000	$237,500	$3,512	3.66%
46%	1	$345,000	$345,000	$4,215	2.63%

State Bank Of De Kalb lent most frequently to those with DTI ratios of 20-30%, with 46 originations. The next most common DTI ratio? 30-36%, with 42 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	251	$55,335,000	$220,458	$3,891	3.61%
Not applicable	45	$11,365,000	$252,556	$0	4.78%
Black	10	$1,980,000	$198,000	$5,786	3.45%
Asian	2	$650,000	$325,000	$5,245	3.19%
Not provided	1	$35,000	$35,000	$0	4.50%

Approval Rates

Total approvals of all applications
93.62%

State Bank Of De Kalb has an average approval rate.

Pick Rate

Approvals leading to origination
86.41%

State Bank Of De Kalb has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	309	$69,365,000	$224,482

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	309	$69,365,000	$224,482

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	11	$995,000	$90,455	$2,433	5.68%
40-60%	26	$4,790,000	$184,231	$3,957	3.70%
60-80%	92	$24,660,000	$268,043	$3,738	3.59%
80-100%	158	$35,580,000	$225,190	$4,230	3.67%
Over 100%	14	$2,690,000	$192,143	$7,218	3.93%
Under 20%	8	$650,000	$81,250	$1,582	5.37%

Complaints

Bank Name	Product	Issue	2021 CPFB Complaints	% of Total Issues
STATE FARM BANK, FSB	Conventional home mortgage	Incorrect information on your report	1	25.0%
STATE FARM BANK, FSB	Conventional home mortgage	Trouble during payment process	2	50.0%
STATE FARM BANK, FSB	Other type of mortgage	Trouble during payment process	1	25.0%

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	$28,397
State Bank of De Kalb	601 West Main Street Clarksville, TX 75426	Full Service B&M	$64,401
State Bank of De Kalb	103 E. New Boston Road Nash, TX 75569	Full Service B&M	$8,822
State Bank of De Kalb	209 W. Main Street Atlanta, TX 75551	Full Service B&M	$69,835
State Bank of De Kalb	3315 Richmond Road Texarkana, TX 75503	Full Service B&M	$91,264
State Bank of De Kalb	102 S Runnels St De Kalb, TX 75559	Full Service B&M	$87,862

For 2021, State Bank Of De Kalb had 6 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$12,944
Net interest income	$11,769
Total noninterest income	$5,147
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$858
Trading account gains and fees	$0
Additional Noninterest Income	$4,289
Pre-tax net operating income	$6,334
Securities gains (or losses, -)	$0
Income before extraordinary items	$6,334
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$6,334
Minority interest net income	$0
Net income	$6,334
Sale, conversion, retirement of capital stock, net	$10
Net operating income	$6,334

State Bank Of De Kalb's gross interest income from loans was $12,944,000.
State Bank Of De Kalb's net interest income from loans was $11,769,000.
State Bank Of De Kalb's fee based income from loans was $858,000.
State Bank Of De Kalb's net income from loans was $6,334,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,175
Provision for credit losses	$480
Total noninterest expense	$10,102
Salaries and employee benefits	$5,971
Premises and equipment expense	$1,116
Additional noninterest expense	$3,015
Applicable income taxes	$0
Net charge-offs	$-298
Cash dividends	$1,993

State Bank Of De Kalb's interest expense for loans was $1,175,000.
State Bank Of De Kalb's payroll and benefits expense were $5,971,000.
State Bank Of De Kalb's property, plant and equipment expenses $1,116,000.

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	$430,109
Deposits held in domestic offices	$430,109
Deposits by Individuals, partnerships, and corporations	$368,910
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$61,200
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	$231,244
Demand deposits	$165,022
Nontransaction accounts	$198,866
Money market deposit accounts (MMDAs)	$117,105
Other savings deposits (excluding MMDAs)	$23,041
Total time deposits	$58,721
Total time and savings deposits	$265,088
Noninterest-bearing deposits	$166,751
Interest-bearing deposits	$263,358
Retail deposits	$410,881
IRAs and Keogh plan accounts	$5,861
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$477,326
Cash & Balances due from depository institutions	$219,647
Interest-bearing balances	$215,649
Total securities	$0
Federal funds sold & reverse repurchase	$100
Net loans and leases	$247,853
Loan and leases loss allowance	$4,222
Trading account assets	$0
Bank premises and fixed assets	$6,702
Other real estate owned	$0
Goodwill and other intangibles	$762
All other assets	$2,262

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$477,326
Total Liabilities	$438,512
Total deposits	$430,109
Interest-bearing deposits	$263,358
Deposits held in domestic offices	$430,109
% insured (estimated)	$55
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$7,500
Subordinated debt	$0
All other liabilities	$903

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$247,853
Loan and leases loss allowance	$4,222
Total loans and leases (domestic)	$252,075
All real estate loans	$174,406
Real estate loans in domestic offices	$174,406
Construction and development loans	$26,754
Residential 1-4 family construction	$10,339
Other construction, all land development and other land	$16,415
Loans secured by nonfarm nonresidential properties	$58,882
Nonfarm nonresidential secured by owner-occupied properties	$22,308
Commercial real estate & other non-farm, non-residential	$36,574
Multifamily residential real estate	$2,938
1-4 family residential loans	$47,314
Farmland loans	$38,518
Loans held in foreign offices	$0
Farm loans	$15,373
Commercial and industrial loans	$55,436
To non-U.S. addressees	$0
Loans to individuals	$4,489
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$1,673
Other loans to individuals	$2,816
All other loans & leases	$2,371
Loans to foreign governments and official institutions	$0
Other loans	$67
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 $247,853,000 of loans outstanding in 2021. $174,406,000 of loans were in real estate loans. $26,754,000 of loans were in development loans. $2,938,000 of loans were in multifamily mortgage loans. $47,314,000 of loans were in 1-4 family mortgage loans. $15,373,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,673,000 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	110	$18,562	$168,745
Nonfarm, nonresidential loans - <$100k	54	$2,119	$39,241
Nonfarm, nonresidential loans - $100-250k	15	$1,968	$131,200
Nonfarm, nonresidential loans - $250k-1MM	41	$14,475	$353,049
Commercial & Industrial, US addressed loans - <$1MM	477	$34,570	$72,474
Commercial & Industrial, US addressed loans - <$100k	331	$8,268	$24,979
Commercial & Industrial, US addressed loans - $100-250k	82	$7,950	$96,951
Commercial & Industrial, US addressed loans - $250k-1MM	64	$18,352	$286,750
Farmland loans - <$1MM	163	$17,927	$109,982
Farmland loans - <$100k	74	$2,984	$40,324
Farmland loans - $100-250k	64	$7,420	$115,938
Farmland loans - $250k-1MM	25	$7,523	$300,920
Agriculture operations loans - <$1MM	255	$9,183	$36,012
Agriculture operations loans - <$100k	214	$4,281	$20,005
Agriculture operations loans - $100-250k	28	$2,349	$83,893
Agriculture operations loans - $250k-1MM	13	$2,553	$196,385