First National Bank In Port Lavaca Mortgage Rates, Fees & Info

Port Lavaca, TX

LEI: 549300S3XVSI9XULIM45

Tax ID: 74-1296016

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

Review & Overview

First National Bank In Port Lavaca is a smaller bank specializing in Home Purchase loans. First National Bank In Port Lavaca has a high proportion of conventional loans. Their top markets by origination volume include: Port Lavaca, Victoria, Austin, San Antonio, and Rockport among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Bank In Port Lavaca 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. First National Bank In Port Lavaca 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.

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Originations

117

Origination Dollar Volume (All Markets)

$23,625,000

Employee count

Awards

First National Bank in Port Lavaca 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
Port Lavaca, TX (FHA\|USDA\|VA)	54	$11,700,000	$216,667	$2,981	4.68%
VICTORIA, TX (FHA\|USDA\|VA)	38	$5,920,000	$155,789	$2,714	5.35%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	9	$1,575,000	$175,000	$3,488	5.32%
Outside of Metro Areas	6	$1,570,000	$261,667	$3,077	4.42%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	1	$965,000	$965,000	$8,420	5.50%
Rockport, TX (FHA\|USDA\|VA)	4	$650,000	$162,500	$2,917	5.40%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	1	$465,000	$465,000	$4,981	4.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	1	$345,000	$345,000	$4,867	4.45%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,581	4.45%
El Campo, TX (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,284	4.95%
Branson, MO (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	6.25%

First National Bank In Port Lavaca's top markets include Port Lavaca, Victoria, Austin, San Antonio, and Rockport among others.

Their top states include:

Texas (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	117	$23,625,000	$201,923	$3,041	4.97%

For 2018, First National Bank In Port Lavaca's most frequently originated type of loan was Conventional, with 117 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	93	$18,795,000	$202,097	$3,238	4.85%
Cash Out Refi	12	$1,590,000	$132,500	$2,022	5.93%
Refi	7	$2,885,000	$412,143	$1,432	4.51%
Home Improvement	4	$190,000	$47,500	$1,888	5.44%
Other	1	$165,000	$165,000	$0	6.00%

For 2018, First National Bank In Port Lavaca's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
15 Year	43	$5,925,000	$137,791	$2,541	5.01%
30 Year	23	$4,875,000	$211,957	$2,524	4.89%
20 Year	16	$2,370,000	$148,125	$2,411	5.02%
30+ year	12	$4,440,000	$370,000	$4,941	4.66%
Other	10	$3,860,000	$386,000	$3,604	4.39%
1 Year	6	$1,690,000	$281,667	$4,844	6.04%
10 Year	5	$285,000	$57,000	$1,863	5.01%
5 Year	2	$180,000	$90,000	$2,213	6.23%

For 2018, First National Bank In Port Lavaca's most frequently cited loan duration was 15 Year, with 43 originations. The 2nd most popular length was 30 Year, with 23 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	63	$13,225,000	$209,921
$1k-2k	18	$6,090,000	$338,333

First National Bank In Port Lavaca's average total fees were $2,524, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 63 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	61	$13,635,000	$223,525
5-6%	32	$4,580,000	$143,125
3-4%	16	$4,560,000	$285,000
6-7%	4	$480,000	$120,000
7-8%	4	$370,000	$92,500

During 2018, First National Bank In Port Lavaca's average interest rate for loans was 4.89%, while their most frequently originated rate bucket for loans was 4-5%, with 61 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	52	$7,690,000	$147,885	$2,369	5.03%
$200k-400k	31	$8,395,000	$270,806	$3,793	4.76%
$100,000 or less	26	$1,440,000	$55,385	$2,020	5.28%
$400k-600k	5	$2,435,000	$487,000	$4,004	4.42%
$1MM+	2	$2,700,000	$1,350,000	$4,969	3.90%
$600k-1MM	1	$965,000	$965,000	$8,420	5.50%

2018 saw First National Bank In Port Lavaca place emphasis on $100k-200k loans with 52 originations, totaling $7,690,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	28	$5,080,000	$181,429	$2,771	4.84%
$75k-100k	18	$2,790,000	$155,000	$2,799	4.97%
$150k-250k	15	$3,855,000	$257,000	$3,620	4.61%
$250k+	13	$6,525,000	$501,923	$4,268	4.59%
$50k-75k	12	$1,880,000	$156,667	$2,629	4.95%
$50k or less	12	$1,100,000	$91,667	$2,364	5.31%

First National Bank In Port Lavaca lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $75k-100k, with 18 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
30-36%	18	$3,080,000	$171,111	$2,798	4.86%
20-30%	17	$3,895,000	$229,118	$3,524	4.77%
<20%	16	$2,100,000	$131,250	$2,309	4.72%
50-60%	11	$3,205,000	$291,364	$3,894	5.04%
37%	10	$1,910,000	$191,000	$3,414	4.83%
36%	5	$935,000	$187,000	$2,190	4.97%
>60%	4	$980,000	$245,000	$2,017	4.78%
42%	4	$1,070,000	$267,500	$3,474	4.36%
41%	3	$2,175,000	$725,000	$3,048	4.42%
46%	3	$665,000	$221,667	$3,277	5.08%
47%	3	$285,000	$95,000	$2,166	5.05%
49%	3	$495,000	$165,000	$2,887	4.38%
40%	2	$270,000	$135,000	$4,318	5.85%
43%	1	$165,000	$165,000	$0	6.00%
45%	1	$135,000	$135,000	$2,437	4.35%
39%	1	$145,000	$145,000	$0	6.00%

First National Bank In Port Lavaca lent most frequently to those with DTI ratios of 30-36%, with 18 originations. The next most common DTI ratio? 20-30%, with 17 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	92	$19,980,000	$217,174	$3,070	4.88%
Not applicable	14	$1,830,000	$130,714	$0	5.95%
Not provided	5	$775,000	$155,000	$3,181	4.31%
Black	2	$350,000	$175,000	$2,639	4.45%
American Indian	2	$350,000	$175,000	$2,384	4.65%
Asian	1	$185,000	$185,000	$2,360	3.85%
Vietnamese	1	$155,000	$155,000	$0	6.25%

Approval Rates

Total approvals of all applications
93.84%

First National Bank In Port Lavaca has an average approval rate.

Pick Rate

Approvals leading to origination
83.76%

First National Bank In Port Lavaca has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	117	$23,625,000	$201,923

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	1	$255,000	$255,000
Single Family (1-4 Units):Manufactured	3	$125,000	$41,667
Single Family (1-4 Units):Site-Built	113	$23,245,000	$205,708

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	6	$610,000	$101,667	$2,509	5.35%
40-60%	10	$1,590,000	$159,000	$2,490	4.75%
60-80%	52	$9,510,000	$182,885	$3,018	5.03%
80-100%	47	$11,465,000	$243,936	$3,246	4.86%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Struggling to pay mortgage	1	50.0%
FIRST NATIONAL BANK OF OMAHA	Home equity loan or line of credit (HELOC)	Closing on a mortgage	1	50.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
First National Bank in Port Lavaca	1101 Hwy 35 Bypass South Port Lavaca, TX 77979	Full Service B&M	$214,369
First National Bank in Port Lavaca	3675 West Adams Avenue Port O Connor, TX 77982	Full Service B&M	$20,238
First National Bank in Port Lavaca	4304 North Main Street Victoria, TX 77904	Full Service B&M	$18,416
First National Bank in Port Lavaca	Railroad Street Seadrift, TX 77983	Full Service B&M	$26,321

For 2018, First National Bank In Port Lavaca had 4 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$10,524
Net interest income	$8,954
Total noninterest income	$649
Gross Fiduciary activities income	$92
Service charges on deposit accounts	$441
Trading account gains and fees	$0
Additional Noninterest Income	$116
Pre-tax net operating income	$4,040
Securities gains (or losses, -)	$0
Income before extraordinary items	$3,322
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$3,322
Minority interest net income	$0
Net income	$3,322
Sale, conversion, retirement of capital stock, net	$-3,000
Net operating income	$3,322

First National Bank In Port Lavaca's gross interest income from loans was $10,524,000.
First National Bank In Port Lavaca's net interest income from loans was $8,954,000.
First National Bank In Port Lavaca's fee based income from loans was $441,000.
First National Bank In Port Lavaca's net income from loans was $3,322,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,570
Provision for credit losses	$25
Total noninterest expense	$5,538
Salaries and employee benefits	$3,225
Premises and equipment expense	$919
Additional noninterest expense	$1,394
Applicable income taxes	$718
Net charge-offs	$242
Cash dividends	$1,225

First National Bank In Port Lavaca's interest expense for loans was $1,570,000.
First National Bank In Port Lavaca's payroll and benefits expense were $3,225,000.
First National Bank In Port Lavaca's property, plant and equipment expenses $919,000.

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	$288,038
Deposits held in domestic offices	$288,038
Deposits by Individuals, partnerships, and corporations	$223,173
Deposits by U.S. Government	$27
Deposits by States and political subdivisions in the U.S.	$64,838
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	$143,190
Demand deposits	$57,069
Nontransaction accounts	$144,848
Money market deposit accounts (MMDAs)	$62,497
Other savings deposits (excluding MMDAs)	$30,136
Total time deposits	$52,215
Total time and savings deposits	$230,969
Noninterest-bearing deposits	$57,069
Interest-bearing deposits	$230,969
Retail deposits	$271,232
IRAs and Keogh plan accounts	$9,807
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$317,838
Cash & Balances due from depository institutions	$19,902
Interest-bearing balances	$13,848
Total securities	$127,804
Federal funds sold & reverse repurchase	$200
Net loans and leases	$162,183
Loan and leases loss allowance	$1,186
Trading account assets	$0
Bank premises and fixed assets	$5,098
Other real estate owned	$98
Goodwill and other intangibles	$9
All other assets	$2,544

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$317,838
Total Liabilities	$288,313
Total deposits	$288,038
Interest-bearing deposits	$230,969
Deposits held in domestic offices	$288,038
% insured (estimated)	$62
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$275

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$162,183
Loan and leases loss allowance	$1,186
Total loans and leases (domestic)	$163,369
All real estate loans	$144,502
Real estate loans in domestic offices	$144,502
Construction and development loans	$9,983
Residential 1-4 family construction	$334
Other construction, all land development and other land	$9,649
Loans secured by nonfarm nonresidential properties	$32,198
Nonfarm nonresidential secured by owner-occupied properties	$15,535
Commercial real estate & other non-farm, non-residential	$16,663
Multifamily residential real estate	$2,966
1-4 family residential loans	$98,156
Farmland loans	$1,199
Loans held in foreign offices	$0
Farm loans	$1,143
Commercial and industrial loans	$11,884
To non-U.S. addressees	$0
Loans to individuals	$5,830
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$3,015
Other loans to individuals	$2,815
All other loans & leases	$12
Loans to foreign governments and official institutions	$0
Other loans	$12
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

First National Bank in Port Lavaca had $162,183,000 of loans outstanding in 2018. $144,502,000 of loans were in real estate loans. $9,983,000 of loans were in development loans. $2,966,000 of loans were in multifamily mortgage loans. $98,156,000 of loans were in 1-4 family mortgage loans. $1,143,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,015,000 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	93	$13,808	$148,473
Nonfarm, nonresidential loans - <$100k	33	$1,382	$41,879
Nonfarm, nonresidential loans - $100-250k	39	$4,696	$120,410
Nonfarm, nonresidential loans - $250k-1MM	21	$7,730	$368,095
Commercial & Industrial, US addressed loans - <$1MM	183	$8,325	$45,492
Commercial & Industrial, US addressed loans - <$100k	156	$3,022	$19,372
Commercial & Industrial, US addressed loans - $100-250k	17	$1,989	$117,000
Commercial & Industrial, US addressed loans - $250k-1MM	10	$3,314	$331,400
Farmland loans - <$1MM	8	$1,199	$149,875
Farmland loans - <$100k	1	$48	$48,000
Farmland loans - $100-250k	5	$528	$105,600
Farmland loans - $250k-1MM	2	$623	$311,500
Agriculture operations loans - <$1MM	19	$687	$36,158
Agriculture operations loans - <$100k	12	$208	$17,333
Agriculture operations loans - $100-250k	4	$259	$64,750
Agriculture operations loans - $250k-1MM	3	$220	$73,333