The Falls City National Bank Mortgage Rates, Fees & Info

Falls City, TX

LEI: 549300LL55GPEKSXNY85

Tax ID: 74-0617530

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

Jump to:

Mortgage Data

Bank Data

Review & Overview

The Falls City National Bank is a smaller bank specializing in Home Purchase loans. The Falls City National Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Rockport, Corpus Christi, Pearsall, and College Station among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Falls City National Bank has an above average approval rate when compared to the average across all 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.

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.


Originations

65

Origination Dollar Volume (All Markets)

$8,585,000

Employee count

28

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
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 39 $4,795,000 $122,949 $0 0.00%
Outside of Metro Areas 15 $1,585,000 $105,667 $0 0.00%
Rockport, TX (FHA|USDA|VA) 2 $620,000 $310,000 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
Pearsall, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Beeville, TX (FHA|USDA|VA) 3 $255,000 $85,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Alice, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
The Falls City National Bank's top markets include San Antonio, Rockport, Corpus Christi, Pearsall, and College Station among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 65 $8,585,000 $132,077 $0 0.00%

    For 2018, The Falls City National Bank's most frequently originated type of loan was Conventional, with 65 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $4,585,000 $158,103 $0 0.00%
    Refi 12 $1,560,000 $130,000 $0 0.00%
    Cash Out Refi 12 $1,360,000 $113,333 $0 0.00%
    Other 9 $735,000 $81,667 $0 0.00%
    Home Improvement 3 $345,000 $115,000 $0 0.00%

    For 2018, The Falls City National Bank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 65 $8,585,000 $132,077 $0 0.00%

    For 2018, The Falls City National Bank's most frequently cited loan duration was Other, with 65 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 33 $2,165,000 $65,606 $0 0.00%
    $100k-200k 23 $3,385,000 $147,174 $0 0.00%
    $200k-400k 6 $1,620,000 $270,000 $0 0.00%
    $400k-600k 3 $1,415,000 $471,667 $0 0.00%

    2018 saw The Falls City National Bank place emphasis on $100,000 or less loans with 33 originations, totaling $2,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $1,770,000 $126,429 $0 0.00%
    $75k-100k 13 $1,665,000 $128,077 $0 0.00%
    $50k or less 12 $760,000 $63,333 $0 0.00%
    $50k-75k 11 $1,335,000 $121,364 $0 0.00%
    $150k-250k 7 $1,275,000 $182,143 $0 0.00%
    $250k+ 5 $1,035,000 $207,000 $0 0.00%

    The Falls City National Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $75k-100k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 65 $8,585,000 $132,077 $0 0.00%

    The Falls City National Bank lent most frequently to those with DTI ratios of Exempt%, with 65 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 54 $6,740,000 $124,815 $0 0.00%
    Not provided 8 $1,100,000 $137,500 $0 0.00%
    Not applicable 3 $745,000 $248,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.20%

    The Falls City National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 65 $8,585,000 $132,077

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 10 $960,000 $96,000
    Single Family (1-4 Units):Site-Built 55 $7,625,000 $138,636

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Falls City National Bank 14565 Fm 775 Floresville, TX 78114 Full Service B&M $23,136
    The Falls City National Bank Dillworth Plaza Poth, TX 78147 Full Service B&M $49,156
    The Falls City National Bank Highway 181 And Mavrick Falls City, TX 78113 Full Service B&M $268,448

    For 2018, The Falls City National Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,472
    Net interest income $12,981
    Total noninterest income $675
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $553
    Trading account gains and fees $0
    Additional Noninterest Income $122
    Pre-tax net operating income $9,866
    Securities gains (or losses, -) $0
    Income before extraordinary items $8,015
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,015
    Minority interest net income $0
    Net income $8,015
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,015

    The Falls City National Bank's gross interest income from loans was $13,472,000.
    The Falls City National Bank's net interest income from loans was $12,981,000.
    The Falls City National Bank's fee based income from loans was $553,000.
    The Falls City National Bank's net income from loans was $8,015,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $491
    Provision for credit losses $200
    Total noninterest expense $3,590
    Salaries and employee benefits $2,004
    Premises and equipment expense $341
    Additional noninterest expense $1,245
    Applicable income taxes $1,851
    Net charge-offs $271
    Cash dividends $1,750

    The Falls City National Bank's interest expense for loans was $491,000.
    The Falls City National Bank's payroll and benefits expense were $2,004,000.
    The Falls City National Bank's property, plant and equipment expenses $341,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 2.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 5.0%
    HELOC loans 0.0%
    All other family 5.0%
    Commercial & industrial loans 3.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 2.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $364,219
    Deposits held in domestic offices $364,219
    Deposits by Individuals, partnerships, and corporations $311,337
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $52,882
    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 $144,865
    Demand deposits $126,340
    Nontransaction accounts $219,354
    Money market deposit accounts (MMDAs) $133,402
    Other savings deposits (excluding MMDAs) $30,704
    Total time deposits $55,248
    Total time and savings deposits $237,879
    Noninterest-bearing deposits $126,340
    Interest-bearing deposits $237,880
    Retail deposits $346,263
    IRAs and Keogh plan accounts $4,624
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $407,257
    Cash & Balances due from depository institutions $113,221
    Interest-bearing balances $108,562
    Total securities $176,702
    Federal funds sold & reverse repurchase $0
    Net loans and leases $114,792
    Loan and leases loss allowance $1,458
    Trading account assets $0
    Bank premises and fixed assets $527
    Other real estate owned $524
    Goodwill and other intangibles $0
    All other assets $1,491

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $407,257
    Total Liabilities $364,337
    Total deposits $364,219
    Interest-bearing deposits $237,880
    Deposits held in domestic offices $364,219
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $118

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $114,792
    Loan and leases loss allowance $1,458
    Total loans and leases (domestic) $116,250
    All real estate loans $88,122
    Real estate loans in domestic offices $88,122
    Construction and development loans $14,116
    Residential 1-4 family construction $10,829
    Other construction, all land development and other land $3,287
    Loans secured by nonfarm nonresidential properties $23,656
    Nonfarm nonresidential secured by owner-occupied properties $10,889
    Commercial real estate & other non-farm, non-residential $12,767
    Multifamily residential real estate $90
    1-4 family residential loans $38,233
    Farmland loans $12,027
    Loans held in foreign offices $0
    Farm loans $5,131
    Commercial and industrial loans $9,264
    To non-U.S. addressees $0
    Loans to individuals $13,286
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,877
    Other loans to individuals $9,409
    All other loans & leases $447
    Loans to foreign governments and official institutions $0
    Other loans $447
    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

    The Falls City National Bank had $114,792,000 of loans outstanding in 2018. $88,122,000 of loans were in real estate loans. $14,116,000 of loans were in development loans. $90,000 of loans were in multifamily mortgage loans. $38,233,000 of loans were in 1-4 family mortgage loans. $5,131,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,877,000 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 97 $15,054 $155,196
    Nonfarm, nonresidential loans - <$100k 25 $1,184 $47,360
    Nonfarm, nonresidential loans - $100-250k 46 $5,805 $126,196
    Nonfarm, nonresidential loans - $250k-1MM 26 $8,065 $310,192
    Commercial & Industrial, US addressed loans - <$1MM 179 $6,989 $39,045
    Commercial & Industrial, US addressed loans - <$100k 155 $3,890 $25,097
    Commercial & Industrial, US addressed loans - $100-250k 17 $1,544 $90,824
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $1,555 $222,143
    Farmland loans - <$1MM 75 $8,483 $113,107
    Farmland loans - <$100k 32 $1,178 $36,813
    Farmland loans - $100-250k 29 $3,478 $119,931
    Farmland loans - $250k-1MM 14 $3,827 $273,357
    Agriculture operations loans - <$1MM 164 $5,131 $31,287
    Agriculture operations loans - <$100k 154 $3,418 $22,195
    Agriculture operations loans - $100-250k 5 $620 $124,000
    Agriculture operations loans - $250k-1MM 5 $1,093 $218,600