Texas Bank Mortgage Rates, Fees & Info
Henderson, TXLEI: 549300W6OBJ6KNM5Y833
Tax ID: 75-1405029
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Mortgage Data
Bank Data
Review & Overview
Texas Bank is a smaller bank specializing in Home Purchase and Refi loans. Texas Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Longview, Sherman, Tyler, and Houston among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Texas 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.
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Originations
144Origination Dollar Volume (All Markets)
$44,540,000Employee count
152Top 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) | 50 | $25,950,000 | $519,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 62 | $10,090,000 | $162,742 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $2,895,000 | $965,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 16 | $2,620,000 | $163,750 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $500,000 | $83,333 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Bonham, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 144 | $44,540,000 | $309,306 | $0 | 0.00% |
For 2021, Texas Bank's most frequently originated type of loan was Conventional, with 144 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 98 | $26,560,000 | $271,020 | $0 | 0.00% |
| Refi | 36 | $17,240,000 | $478,889 | $0 | 0.00% |
| Home Improvement | 10 | $740,000 | $74,000 | $0 | 0.00% |
For 2021, Texas Bank's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Refi, with 36 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 144 | $44,540,000 | $309,306 | $0 | 0.00% |
For 2021, Texas Bank's most frequently cited loan duration was Other, with 144 originations.
Loan Sizing
2021 saw Texas Bank place emphasis on $100k-200k loans with 42 originations, totaling $5,970,000 in origination value.
Applicant Income
Texas Bank lent most frequently to those with incomes in the $50k-75k range, with 24 originations. The second most popular income band? $100k-150k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 144 | $44,540,000 | $309,306 | $0 | 0.00% |
Texas Bank lent most frequently to those with DTI ratios of Exempt%, with 144 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.42%
Texas Bank has a below average approval rate.
Pick Rate
Approvals leading to origination55.56%
Texas Bank 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 |
|---|---|---|---|
| Exempt | 144 | $44,540,000 | $309,306 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Texas Bank | 1120 Highway 79 North Henderson, TX 75652 | Full Service B&M | $194,081 |
| Texas Bank | 1815 Hwy 79 S. Henderson, TX 75654 | Full Service B&M | $46,418 |
| Texas Bank | 230 West Johnson Street Tatum, TX 75691 | Full Service B&M | $50,765 |
| Texas Bank | 290 South Preston Road Prosper, TX 75078 | Full Service B&M | $98,314 |
| Texas Bank | 4018 Estes Parkway Longview, TX 75607 | Full Service B&M | $22,033 |
| Texas Bank | 500 North Street Nacogdoches, TX 75961 | Full Service B&M | $47,923 |
| Texas Bank | 5101 Rhones Quarter Rd. Tyler, TX 75707 | Full Service B&M | $27,047 |
| Texas Bank | 605 S. Main Henderson, TX 75654 | Full Service B&M | $13,292 |
| Texas Bank | 609 Victoria Falls Drive Anna, TX 75409 | Full Service B&M | $17,353 |
| Texas Bank | 7700 Main Street Frisco, TX 75033 | Full Service B&M | $27,911 |
For 2021, Texas Bank had 10 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $28,576 |
| Net interest income | $25,066 |
| Total noninterest income | $4,279 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,284 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,995 |
| Pre-tax net operating income | $9,888 |
| Securities gains (or losses, -) | $551 |
| Income before extraordinary items | $10,439 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $10,439 |
| Minority interest net income | $0 |
| Net income | $10,439 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $9,888 |
Texas Bank's gross interest income from loans was $28,576,000.
Texas Bank's net interest income from loans was $25,066,000.
Texas Bank's fee based income from loans was $1,284,000.
Texas Bank's net income from loans was $10,439,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,510 |
| Provision for credit losses | $1,132 |
| Total noninterest expense | $18,325 |
| Salaries and employee benefits | $10,978 |
| Premises and equipment expense | $1,749 |
| Additional noninterest expense | $5,598 |
| Applicable income taxes | $0 |
| Net charge-offs | $343 |
| Cash dividends | $1,900 |
Texas Bank's interest expense for loans was $3,510,000.
Texas Bank's payroll and benefits expense were $10,978,000.
Texas Bank's property, plant and equipment expenses $1,749,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| 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 | 13.0% |
| 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 | $587,295 |
| Deposits held in domestic offices | $587,295 |
| Deposits by Individuals, partnerships, and corporations | $522,569 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $62,096 |
| Deposits by Commercial banks and other depository institutions in U.S. | $2,630 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $235,797 |
| Demand deposits | $159,452 |
| Nontransaction accounts | $351,498 |
| Money market deposit accounts (MMDAs) | $157,713 |
| Other savings deposits (excluding MMDAs) | $41,395 |
| Total time deposits | $152,391 |
| Total time and savings deposits | $427,843 |
| Noninterest-bearing deposits | $147,085 |
| Interest-bearing deposits | $440,210 |
| Retail deposits | $529,017 |
| IRAs and Keogh plan accounts | $12,906 |
| Brokered deposits | $10,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $702,345 |
| Cash & Balances due from depository institutions | $16,399 |
| Interest-bearing balances | $7,465 |
| Total securities | $148,524 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $505,491 |
| Loan and leases loss allowance | $4,679 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $22,339 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $7 |
| All other assets | $9,585 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $702,345 |
| Total Liabilities | $636,374 |
| Total deposits | $587,295 |
| Interest-bearing deposits | $440,210 |
| Deposits held in domestic offices | $587,295 |
| % insured (estimated) | $74 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $48,506 |
| Subordinated debt | $0 |
| All other liabilities | $573 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $505,491 |
| Loan and leases loss allowance | $4,679 |
| Total loans and leases (domestic) | $510,170 |
| All real estate loans | $427,838 |
| Real estate loans in domestic offices | $427,838 |
| Construction and development loans | $114,580 |
| Residential 1-4 family construction | $39,569 |
| Other construction, all land development and other land | $75,011 |
| Loans secured by nonfarm nonresidential properties | $175,003 |
| Nonfarm nonresidential secured by owner-occupied properties | $28,936 |
| Commercial real estate & other non-farm, non-residential | $146,067 |
| Multifamily residential real estate | $5,384 |
| 1-4 family residential loans | $119,468 |
| Farmland loans | $13,403 |
| Loans held in foreign offices | $0 |
| Farm loans | $6,234 |
| Commercial and industrial loans | $45,383 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $30,541 |
| Credit card loans | $0 |
| Related Plans | $20 |
| Consumer Auto Loans | $17,962 |
| Other loans to individuals | $12,559 |
| All other loans & leases | $183 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $183 |
| 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 | $73 |
| Non 1-4 family restructured loans & leases | $73 |
| Total loans and leases (foreign) | $0 |
Texas Bank had $505,491,000 of loans outstanding in 2021. $427,838,000 of loans were in real estate loans. $114,580,000 of loans were in development loans. $5,384,000 of loans were in multifamily mortgage loans. $119,468,000 of loans were in 1-4 family mortgage loans. $6,234,000 of loans were in farm loans. $0 of loans were in credit card loans. $17,962,000 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 | 120 | $24,958 | $207,983 |
| Nonfarm, nonresidential loans - <$100k | 29 | $1,288 | $44,414 |
| Nonfarm, nonresidential loans - $100-250k | 42 | $5,388 | $128,286 |
| Nonfarm, nonresidential loans - $250k-1MM | 49 | $18,282 | $373,102 |
| Commercial & Industrial, US addressed loans - <$1MM | 617 | $29,954 | $48,548 |
| Commercial & Industrial, US addressed loans - <$100k | 523 | $10,997 | $21,027 |
| Commercial & Industrial, US addressed loans - $100-250k | 64 | $8,011 | $125,172 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 30 | $10,946 | $364,867 |
| Farmland loans - <$1MM | 53 | $6,101 | $115,113 |
| Farmland loans - <$100k | 26 | $985 | $37,885 |
| Farmland loans - $100-250k | 20 | $2,838 | $141,900 |
| Farmland loans - $250k-1MM | 7 | $2,278 | $325,429 |
| Agriculture operations loans - <$1MM | 193 | $5,100 | $26,425 |
| Agriculture operations loans - <$100k | 175 | $2,978 | $17,017 |
| Agriculture operations loans - $100-250k | 15 | $1,298 | $86,533 |
| Agriculture operations loans - $250k-1MM | 3 | $824 | $274,667 |