Ciera Bank Mortgage Rates, Fees & Info

Graham, TX

LEI: 549300QQT0E10LWS3326

Tax ID: 75-0297800

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Ciera Bank is a smaller bank specializing in Home Purchase loans. Ciera Bank has a high proportion of conventional loans. Ciera Bank has an average proportion of conventional loans. Their top markets by origination volume include: Dallas, Sherman, Oklahoma City, Athens, and Paris among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Ciera Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Ciera Bank 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 relatively high 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.

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    Originations

    89

    Origination Dollar Volume (All Markets)

    $25,985,000

    Employee count

    112

    Awards

    Ciera Bank 30 Year Conventional Loans bronze
    Show all (1) 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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 60 $20,060,000 $334,333 $2,885 6.14%
    Outside of Metro Areas 18 $1,440,000 $80,000 $1,796 5.98%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 4 $1,340,000 $335,000 $4,117 6.12%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $0 5.00%
    Athens, TX (FHA|USDA|VA) 1 $735,000 $735,000 $1,037 5.05%
    Paris, TX (FHA|USDA|VA) 1 $565,000 $565,000 $1,028 5.50%
    Mineral Wells, TX (FHA|USDA|VA) 1 $335,000 $335,000 $4,037 5.50%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,553 6.10%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.00%
    Ciera Bank's top markets include Dallas, Sherman, Oklahoma City, Athens, and Paris among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 67 $20,225,000 $301,866 $2,684 6.05%
    Conventional 22 $5,760,000 $261,818 $0 0.00%

    For 2018, Ciera Bank's most frequently originated type of loan was Conventional, with 67 originations. Their 2nd most popular type was Conventional, with 22 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $20,530,000 $320,781 $2,671 6.07%
    Home Improvement 9 $715,000 $79,444 $2,605 6.31%
    Other 6 $440,000 $73,333 $1,912 5.79%
    Refi 6 $3,360,000 $560,000 $3,839 5.69%
    Cash Out Refi 4 $940,000 $235,000 $4,037 5.50%

    For 2018, Ciera Bank's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Home Improvement, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 28 $13,050,000 $466,071 $0 5.96%
    20 Year 18 $3,090,000 $171,667 $3,197 5.94%
    30 Year 12 $5,460,000 $455,000 $2,688 5.68%
    15 Year 12 $960,000 $80,000 $1,697 6.23%
    1 Year 11 $1,665,000 $151,364 $0 6.50%
    10 Year 6 $1,430,000 $238,333 $1,250 6.00%
    30+ year 1 $275,000 $275,000 $7,111 5.90%
    5 Year 1 $55,000 $55,000 $1,917 6.35%

    For 2018, Ciera Bank's most frequently cited loan duration was Other, with 28 originations. The 2nd most popular length was 20 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 18 $5,050,000 $280,556
    $1k-2k 9 $2,085,000 $231,667
    $2k-3k 2 $470,000 $235,000

    Ciera Bank's average total fees were $2,688, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 18 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 36 $5,030,000 $139,722
    5-6% 29 $13,645,000 $470,517
    4-5% 2 $1,550,000 $775,000

    During 2018, Ciera Bank's average interest rate for loans was 5.68%, while their most frequently originated rate bucket for loans was 6-7%, with 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 30 $4,340,000 $144,667 $3,615 6.14%
    $100,000 or less 29 $1,725,000 $59,483 $1,607 6.27%
    $200k-400k 16 $4,510,000 $281,875 $4,499 5.82%
    $600k-1MM 6 $4,710,000 $785,000 $1,695 5.84%
    $1MM+ 5 $9,225,000 $1,845,000 $2,644 5.35%
    $400k-600k 3 $1,475,000 $491,667 $1,028 5.50%

    2018 saw Ciera Bank place emphasis on $100k-200k loans with 30 originations, totaling $4,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 13 $2,015,000 $155,000 $1,181 5.94%
    $250k+ 11 $5,825,000 $529,545 $2,335 5.60%
    $100k-150k 9 $1,585,000 $176,111 $3,862 5.96%
    $50k or less 9 $535,000 $59,444 $1,840 6.04%
    $75k-100k 8 $1,130,000 $141,250 $3,924 5.97%
    $50k-75k 6 $420,000 $70,000 $2,229 6.14%

    Ciera Bank lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $250k+, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 22 $5,760,000 $261,818 $0 0.00%
    30-36% 8 $2,910,000 $363,750 $2,162 5.79%
    20-30% 5 $435,000 $87,000 $2,192 5.68%
    39% 4 $1,100,000 $275,000 $2,727 6.12%
    <20% 3 $1,185,000 $395,000 $2,537 5.35%
    37% 2 $90,000 $45,000 $529 6.20%
    >60% 2 $240,000 $120,000 $1,525 5.95%
    48% 2 $260,000 $130,000 $0 6.38%
    42% 1 $95,000 $95,000 $3,379 6.35%
    43% 1 $185,000 $185,000 $4,429 5.70%
    44% 1 $55,000 $55,000 $944 6.50%
    45% 1 $145,000 $145,000 $3,560 6.35%
    46% 1 $55,000 $55,000 $424 6.05%
    50-60% 1 $195,000 $195,000 $0 6.25%
    38% 1 $715,000 $715,000 $2,923 5.65%
    36% 1 $385,000 $385,000 $7,254 5.45%
    40% 1 $275,000 $275,000 $7,111 5.90%
    41% 1 $265,000 $265,000 $3,696 5.75%

    Ciera Bank lent most frequently to those with DTI ratios of Exempt%, with 22 originations. The next most common DTI ratio? 30-36%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 32 $14,450,000 $451,563 $0 6.25%
    White 56 $11,330,000 $202,321 $2,684 5.93%
    Black 1 $205,000 $205,000 $0 6.50%

    Approval Rates

    Total approvals of all applications
    86.09%

    Ciera Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.76%

    Ciera Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 22 $5,760,000 $261,818
    NA 67 $20,225,000 $301,866

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $6,465,000 $1,293,000
    Single Family (1-4 Units):Manufactured 7 $1,145,000 $163,571
    Single Family (1-4 Units):Site-Built 77 $18,375,000 $238,636

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $395,000 $131,667 $944 6.33%
    40-60% 13 $1,735,000 $133,462 $3,792 6.15%
    60-80% 30 $12,510,000 $417,000 $2,288 6.07%
    80-100% 16 $5,330,000 $333,125 $3,324 5.85%
    Under 20% 5 $255,000 $51,000 $1,393 6.11%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Ciera Bank 1501 Summit Avenue Fort Worth, TX 76102 Full Service B&M $76,885
    Ciera Bank 1801 Cross Timbers Flower Mound, TX 75028 Full Service B&M $94,262
    Ciera Bank 300 West Dempsey Street Bryson, TX 76427 Full Service B&M $20,608
    Ciera Bank 321 W. Oak St. Denton, TX 76201 Full Service B&M $14,423
    Ciera Bank 325 Fm 1187s Aledo, TX 76008 Full Service B&M $24,410
    Ciera Bank 3970 Fm - 2181, Suite 100 Hickory Creek, TX 75065 Full Service B&M $16,350
    Ciera Bank 623 Elm Street Graham, TX 76450 Full Service B&M $169,464
    Ciera Bank 958 Hwy 377 South Aubrey, TX 76227 Full Service B&M $29,639

    For 2018, Ciera Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,665
    Net interest income $23,810
    Total noninterest income $2,598
    Gross Fiduciary activities income $615
    Service charges on deposit accounts $526
    Trading account gains and fees $0
    Additional Noninterest Income $1,457
    Pre-tax net operating income $6,808
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,808
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,808
    Minority interest net income $0
    Net income $6,808
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,808

    Ciera Bank's gross interest income from loans was $26,665,000.
    Ciera Bank's net interest income from loans was $23,810,000.
    Ciera Bank's fee based income from loans was $526,000.
    Ciera Bank's net income from loans was $6,808,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,855
    Provision for credit losses $4,407
    Total noninterest expense $15,193
    Salaries and employee benefits $9,758
    Premises and equipment expense $1,830
    Additional noninterest expense $3,605
    Applicable income taxes $0
    Net charge-offs $3,241
    Cash dividends $7,098

    Ciera Bank's interest expense for loans was $2,855,000.
    Ciera Bank's payroll and benefits expense were $9,758,000.
    Ciera Bank's property, plant and equipment expenses $1,830,000.

    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 2.0%
    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 $481,301
    Deposits held in domestic offices $481,301
    Deposits by Individuals, partnerships, and corporations $462,260
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $19,041
    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 $223,506
    Demand deposits $165,716
    Nontransaction accounts $257,795
    Money market deposit accounts (MMDAs) $113,085
    Other savings deposits (excluding MMDAs) $27,994
    Total time deposits $116,716
    Total time and savings deposits $315,585
    Noninterest-bearing deposits $165,716
    Interest-bearing deposits $315,585
    Retail deposits $452,741
    IRAs and Keogh plan accounts $13,573
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $567,202
    Cash & Balances due from depository institutions $27,845
    Interest-bearing balances $16,692
    Total securities $55,607
    Federal funds sold & reverse repurchase $0
    Net loans and leases $440,901
    Loan and leases loss allowance $9,585
    Trading account assets $0
    Bank premises and fixed assets $14,238
    Other real estate owned $473
    Goodwill and other intangibles $5,978
    All other assets $22,160

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $567,202
    Total Liabilities $497,141
    Total deposits $481,301
    Interest-bearing deposits $315,585
    Deposits held in domestic offices $481,301
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $5,840

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $440,901
    Loan and leases loss allowance $9,585
    Total loans and leases (domestic) $450,486
    All real estate loans $375,232
    Real estate loans in domestic offices $375,232
    Construction and development loans $100,335
    Residential 1-4 family construction $19,860
    Other construction, all land development and other land $80,475
    Loans secured by nonfarm nonresidential properties $184,051
    Nonfarm nonresidential secured by owner-occupied properties $86,348
    Commercial real estate & other non-farm, non-residential $97,703
    Multifamily residential real estate $9,561
    1-4 family residential loans $71,614
    Farmland loans $9,671
    Loans held in foreign offices $0
    Farm loans $1,387
    Commercial and industrial loans $65,998
    To non-U.S. addressees $0
    Loans to individuals $4,444
    Credit card loans $0
    Related Plans $90
    Consumer Auto Loans $841
    Other loans to individuals $3,513
    All other loans & leases $3,425
    Loans to foreign governments and official institutions $0
    Other loans $2,113
    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 $2,583
    Non 1-4 family restructured loans & leases $2,583
    Total loans and leases (foreign) $0

    Ciera Bank had $440,901,000 of loans outstanding in 2018. $375,232,000 of loans were in real estate loans. $100,335,000 of loans were in development loans. $9,561,000 of loans were in multifamily mortgage loans. $71,614,000 of loans were in 1-4 family mortgage loans. $1,387,000 of loans were in farm loans. $0 of loans were in credit card loans. $841,000 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 152 $46,485 $305,822
    Nonfarm, nonresidential loans - <$100k 24 $1,062 $44,250
    Nonfarm, nonresidential loans - $100-250k 29 $3,645 $125,690
    Nonfarm, nonresidential loans - $250k-1MM 99 $41,778 $422,000
    Commercial & Industrial, US addressed loans - <$1MM 306 $21,174 $69,196
    Commercial & Industrial, US addressed loans - <$100k 188 $3,221 $17,133
    Commercial & Industrial, US addressed loans - $100-250k 62 $5,184 $83,613
    Commercial & Industrial, US addressed loans - $250k-1MM 56 $12,769 $228,018
    Farmland loans - <$1MM 37 $3,848 $104,000
    Farmland loans - <$100k 15 $621 $41,400
    Farmland loans - $100-250k 15 $1,880 $125,333
    Farmland loans - $250k-1MM 7 $1,347 $192,429
    Agriculture operations loans - <$1MM 35 $1,387 $39,629
    Agriculture operations loans - <$100k 30 $558 $18,600
    Agriculture operations loans - $100-250k 4 $552 $138,000
    Agriculture operations loans - $250k-1MM 1 $277 $277,000