Texas Bank And Trust Company Mortgage Rates, Fees & Info

Longview, TX

LEI: 549300TETFK3GXOHZ594

Tax ID: 75-0962666

4.7 stars - out of 5 stars, based on 21 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Texas Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Texas Bank And Trust Company has a high proportion of conventional loans. Their top markets include Dallas, Longview, Tyler, Austin, and Athens among others. Texas Bank And Trust Company has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Texas Bank And Trust Company is typically an average fee lendor.


Originations

442

Origination Dollar Volume (All Markets)

$166,420,000

Employee count

496

Relative Rate

Texas Bank And Trust Company's average 30 year fixed rate mortgage of loans were 3.26%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.11%.

Relative Fees

Texas Bank And Trust Company's average total fees for a 30 year fixed rate mortgage are $4,745.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 106 $61,830,000 $583,302 $6,672 3.76%
LONGVIEW, TX (FHA|USDA|VA) 141 $44,525,000 $315,780 $3,368 3.42%
TYLER, TX (FHA|USDA|VA) 94 $22,230,000 $236,489 $3,433 3.61%
Outside of Metro Areas 57 $15,975,000 $280,263 $3,383 3.53%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $7,895,000 $1,579,000 $7,842 3.75%
Athens, TX (FHA|USDA|VA) 6 $2,840,000 $473,333 $6,487 3.35%
Breckenridge, CO (FHA|USDA|VA) 1 $2,105,000 $2,105,000 $6,379 2.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,830,000 $457,500 $6,521 3.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,255,000 $1,255,000 $0 3.50%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $945,000 $945,000 $0 3.50%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $915,000 $915,000 $0 4.00%
Jacksonville, TX (FHA|USDA|VA) 3 $795,000 $265,000 $1,865 3.92%
SHERMAN-DENISON, TX (FHA|USDA|VA) 6 $660,000 $110,000 $0 4.25%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $485,000 $161,667 $0 4.00%
Gainesville, TX (FHA|USDA|VA) 3 $375,000 $125,000 $0 4.25%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $335,000 $335,000 $3,769 2.75%
WACO, TX (FHA|USDA|VA) 2 $310,000 $155,000 $3,070 3.63%
ODESSA, TX (FHA|USDA|VA) 1 $295,000 $295,000 $3,951 4.38%
Sulphur Springs, TX (FHA|USDA|VA) 1 $205,000 $205,000 $2,939 2.88%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.00%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $185,000 $185,000 $2,261 3.75%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.25%
Palestine, TX (FHA|USDA|VA) 1 $105,000 $105,000 $2,886 3.13%
Mount Pleasant, TX (FHA|USDA|VA) 1 $35,000 $35,000 $886 3.00%

Texas Bank And Trust Company's top markets include Dallas, Longview, Tyler, Austin, and Athens among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 442 $166,420,000 $376,516 $3,966 3.58%

For the 2021 period, Texas Bank And Trust Company's most frequently originated loan type of loans were Conventional, with 442 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 247 $100,115,000 $405,324 $4,556 3.64%
Refi 113 $50,795,000 $449,513 $4,418 3.55%
Cash Out Refi 40 $9,390,000 $234,750 $2,989 3.38%
Home Improvement 28 $4,300,000 $153,571 $1,483 3.58%
Other 14 $1,820,000 $130,000 $2,734 3.45%

For the 2021, Texas Bank And Trust Company's most frequently cited loan purpose of loans were Home Purchase, with 247 originations. The 2nd most popular reason of loans were Refi, with 113 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 139 $56,335,000 $405,288 $4,745 3.26%
15 Year 126 $26,710,000 $211,984 $3,146 3.48%
10 Year 52 $16,750,000 $322,115 $2,319 3.65%
5 Year 46 $28,490,000 $619,348 $0 4.16%
20 Year 35 $11,535,000 $329,571 $3,054 3.77%
1 Year 22 $7,670,000 $348,636 $6,231 4.08%
Other 21 $6,805,000 $324,048 $558 4.00%
3 Year 1 $12,125,000 $12,125,000 $0 4.50%

For the 2021, Texas Bank And Trust Company's most frequently cited loan length of loans were 30 Year, with 139 originations. The 2nd most popular length of loans were 15 Year, with 126 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 212 $57,250,000 $270,047
$1k-2k 20 $5,630,000 $281,500
$2k-3k 10 $4,970,000 $497,000
$3k-4k 9 $9,455,000 $1,050,556
$5k+ 5 $5,915,000 $1,183,000

$4,745 of loans were Texas Bank And Trust Company's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 212 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 256 $99,820,000 $389,922
4-5% 98 $39,120,000 $399,184
2.5-3% 69 $21,465,000 $311,087
<2.5% 17 $5,745,000 $337,941
5-6% 2 $270,000 $135,000

During 2021, Texas Bank And Trust Company's average interest rate of loans were 3.26%, while their most frequently originated rate bucket of loans were 3-4%, with 256 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 146 $21,470,000 $147,055 $2,827 3.61%
$200k-400k 118 $33,510,000 $283,983 $3,752 3.48%
$100,000 or less 80 $5,560,000 $69,500 $1,920 3.79%
$400k-600k 41 $20,555,000 $501,341 $5,434 3.49%
$1MM+ 32 $65,230,000 $2,038,438 $11,847 3.60%
$600k-1MM 25 $20,095,000 $803,800 $7,343 3.38%

2021 saw Texas Bank And Trust Company place emphasis on $100k-200k loans with 146 originations, totaling $21,470,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 66 $44,400,000 $672,727 $6,926 3.31%
$100k-150k 59 $13,725,000 $232,627 $3,524 3.38%
$150k-250k 52 $16,850,000 $324,038 $3,882 3.26%
$50k-75k 45 $6,635,000 $147,444 $2,675 3.34%
$75k-100k 37 $6,985,000 $188,784 $2,802 3.43%
$50k or less 36 $4,520,000 $125,556 $2,660 3.47%

Texas Bank And Trust Company lent most frequently to those with incomes in the $250k+ range, with 66 originations. The second most popular income band? $100k-150k, with 59 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 69 $18,865,000 $273,406 $3,778 3.30%
30-36% 59 $17,435,000 $295,508 $3,641 3.13%
<20% 36 $16,310,000 $453,056 $4,890 3.16%
36% 13 $3,495,000 $268,846 $3,517 3.22%
40% 12 $4,260,000 $355,000 $3,611 3.45%
37% 12 $1,860,000 $155,000 $2,651 3.04%
42% 11 $3,145,000 $285,909 $4,656 3.42%
39% 11 $5,635,000 $512,273 $5,897 3.16%
41% 10 $3,310,000 $331,000 $3,505 3.30%
38% 9 $3,115,000 $346,111 $4,670 3.19%
43% 4 $660,000 $165,000 $1,882 3.22%
44% 3 $865,000 $288,333 $4,966 3.04%
48% 2 $610,000 $305,000 $3,964 2.75%
49% 2 $560,000 $280,000 $4,239 3.63%
>60% 1 $295,000 $295,000 $3,739 3.13%
45% 1 $135,000 $135,000 $2,774 3.38%
46% 1 $525,000 $525,000 $6,727 3.38%
47% 1 $305,000 $305,000 $5,081 3.25%
50-60% 1 $2,105,000 $2,105,000 $6,379 2.75%

Texas Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 69 originations. The next most common DTI ratio? 30-36%, with 59 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 259 $82,665,000 $319,170 $3,915 3.36%
Not applicable 141 $70,885,000 $502,730 $0 4.08%
Not provided 19 $7,035,000 $370,263 $4,551 3.32%
Asian 7 $1,755,000 $250,714 $3,436 2.71%
Black 7 $1,265,000 $180,714 $2,861 3.55%
Asian Indian 2 $1,250,000 $625,000 $7,524 2.88%
Korean 5 $925,000 $185,000 $2,491 4.05%
American Indian 2 $640,000 $320,000 $6,586 3.19%

Approval Rates

Total approvals of all applications
84.91%

Texas Bank And Trust Company has a below average approval rate.

Pick Rate

Approvals leading to origination
63.10%

Texas Bank And Trust Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 442 $166,420,000 $376,516

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
442 $166,420,000 $376,516

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 49 $9,885,000 $201,735 $2,682 3.40%
40-60% 64 $21,510,000 $336,094 $3,501 3.46%
60-80% 162 $69,180,000 $427,037 $4,717 3.58%
80-100% 154 $60,090,000 $390,195 $4,211 3.71%
Over 100% 4 $4,270,000 $1,067,500 $0 4.06%
Under 20% 9 $1,485,000 $165,000 $1,212 3.33%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Texas Bank and Trust Company 1800 Northwest Loop 281 Longview, TX 75604 Full Service B&M $127,248
Texas Bank and Trust Company 101 South Main Street Lindale, TX 75771 Full Service B&M $182,971
Texas Bank and Trust Company 102 N. College Avenue, Suite 100 Tyler, TX 75702 Full Service B&M $27,525
Texas Bank and Trust Company 115 East Henderson Overton, TX 75684 Full Service B&M $46,627
Texas Bank and Trust Company 1623 East Broadway Gladewater, TX 75647 Full Service B&M $79,329
Texas Bank and Trust Company 16921 Village Lake Dr Lindale, TX 75771 Full Service B&M $57,892
Texas Bank and Trust Company 715 East End Blvd, South Marshall, TX 75670 Full Service B&M $240,890
Texas Bank and Trust Company 1801 Gilmer Road Longview, TX 75604 Full Service B&M $45,442
Texas Bank and Trust Company 2323 West Grande Boulevard Tyler, TX 75703 Full Service B&M $259,308
Texas Bank and Trust Company 2490 W. Moore Avenue Terrell, TX 75160 Full Service B&M $126,652
Texas Bank and Trust Company 300 East Whaley Street Longview, TX 75601 Full Service B&M $917,838
Texas Bank and Trust Company 3622 Mccann Road Longview, TX 75605 Full Service B&M $146,185
Texas Bank and Trust Company 401 W. George Bush Freeway, Suite 101 Richardson, TX 75080 Full Service B&M $293,587
Texas Bank and Trust Company 405 East Whaley Street Longview, TX 75601 Limited, Drive-thru $0
Texas Bank and Trust Company 449 South Trade Days Blvd Canton, TX 75103 Full Service B&M $143,292
Texas Bank and Trust Company 464 Bailey Avenue Fort Worth, TX 76107 Full Service B&M $16,026
Texas Bank and Trust Company 5656 Main Street Frisco, TX 75034 Full Service B&M $186,243
Texas Bank and Trust Company 648 Ridgecrest Road Forney, TX 75126 Full Service B&M $97,546
Texas Bank and Trust Company 6530 South Broadway Ave. Tyler, TX 75703 Full Service B&M $48,867
Texas Bank and Trust Company 660 West Main Street Van, TX 75790 Full Service B&M $66,611

For 2021, Texas Bank And Trust Company had 20 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $112,975
Net interest income $102,011
Total noninterest income $30,294
Gross Fiduciary activities income $7,274
Service charges on deposit accounts $4,501
Trading account gains and fees $0
Additional Noninterest Income $18,519
Pre-tax net operating income $54,129
Securities gains (or losses, -) $-23
Income before extraordinary items $43,422
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $43,422
Minority interest net income $0
Net income $43,422
Sale, conversion, retirement of capital stock, net $0
Net operating income $43,440

Texas Bank And Trust Company's gross interest income from loans was $112,975,000.
Texas Bank And Trust Company's net interest income from loans was $102,011,000.
Texas Bank And Trust Company's fee based income from loans was $4,501,000.
Texas Bank And Trust Company's net income from loans was $43,422,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $10,964
Provision for credit losses $2,600
Total noninterest expense $75,576
Salaries and employee benefits $45,499
Premises and equipment expense $9,162
Additional noninterest expense $20,915
Applicable income taxes $10,684
Net charge-offs $417
Cash dividends $8,000

Texas Bank And Trust Company's interest expense for loans was $10,964,000.
Texas Bank And Trust Company's payroll and benefits expense were $45,499,000.
Texas Bank And Trust Company's property, plant and equipment expenses $9,162,000.

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 0.1%
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 $3,448,346
Deposits held in domestic offices $3,448,346
Deposits by Individuals, partnerships, and corporations $3,189,037
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $257,021
Deposits by Commercial banks and other depository institutions in U.S. $2,288
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $945,284
Demand deposits $495,478
Nontransaction accounts $2,503,062
Money market deposit accounts (MMDAs) $1,819,874
Other savings deposits (excluding MMDAs) $293,314
Total time deposits $389,874
Total time and savings deposits $2,952,868
Noninterest-bearing deposits $1,142,704
Interest-bearing deposits $2,305,642
Retail deposits $3,288,519
IRAs and Keogh plan accounts $43,056
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $3,857,221
Cash & Balances due from depository institutions $734,776
Interest-bearing balances $690,545
Total securities $423,751
Federal funds sold & reverse repurchase $0
Net loans and leases $2,552,286
Loan and leases loss allowance $38,718
Trading account assets $0
Bank premises and fixed assets $42,850
Other real estate owned $0
Goodwill and other intangibles $20,725
All other assets $82,833

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $3,857,221
Total Liabilities $3,460,790
Total deposits $3,448,346
Interest-bearing deposits $2,305,642
Deposits held in domestic offices $3,448,346
% insured (estimated) $55
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $12,444

Issued Loan Types

Type Value (in 000's)
Net loans and leases $2,552,286
Loan and leases loss allowance $38,718
Total loans and leases (domestic) $2,591,004
All real estate loans $2,156,851
Real estate loans in domestic offices $2,156,851
Construction and development loans $397,652
Residential 1-4 family construction $68,524
Other construction, all land development and other land $329,128
Loans secured by nonfarm nonresidential properties $978,793
Nonfarm nonresidential secured by owner-occupied properties $245,794
Commercial real estate & other non-farm, non-residential $732,999
Multifamily residential real estate $53,032
1-4 family residential loans $714,373
Farmland loans $13,001
Loans held in foreign offices $0
Farm loans $4,205
Commercial and industrial loans $367,629
To non-U.S. addressees $0
Loans to individuals $40,979
Credit card loans $3,549
Related Plans $2,392
Consumer Auto Loans $13,128
Other loans to individuals $21,910
All other loans & leases $26,523
Loans to foreign governments and official institutions $0
Other loans $3,425
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 $2,937
Non 1-4 family restructured loans & leases $1,391
Total loans and leases (foreign) $0

Texas Bank and Trust Company had $2,552,286,000 of loans outstanding in 2021. $2,156,851,000 of loans were in real estate loans. $397,652,000 of loans were in development loans. $53,032,000 of loans were in multifamily mortgage loans. $714,373,000 of loans were in 1-4 family mortgage loans. $4,205,000 of loans were in farm loans. $3,549,000 of loans were in credit card loans. $13,128,000 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 463 $130,886 $282,691
Nonfarm, nonresidential loans - <$100k 56 $2,506 $44,750
Nonfarm, nonresidential loans - $100-250k 126 $15,241 $120,960
Nonfarm, nonresidential loans - $250k-1MM 281 $113,139 $402,630
Commercial & Industrial, US addressed loans - <$1MM 1,264 $109,530 $86,653
Commercial & Industrial, US addressed loans - <$100k 766 $16,652 $21,739
Commercial & Industrial, US addressed loans - $100-250k 233 $21,950 $94,206
Commercial & Industrial, US addressed loans - $250k-1MM 265 $70,928 $267,653
Farmland loans - <$1MM 51 $5,646 $110,706
Farmland loans - <$100k 19 $650 $34,211
Farmland loans - $100-250k 21 $2,377 $113,190
Farmland loans - $250k-1MM 11 $2,619 $238,091
Agriculture operations loans - <$1MM 120 $2,715 $22,625
Agriculture operations loans - <$100k 114 $1,961 $17,202
Agriculture operations loans - $100-250k 6 $754 $125,667