Texas Bank Mortgage Rates, Fees & Info

Henderson, TX

LEI: 549300W6OBJ6KNM5Y833

Tax ID: 75-1405029

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

Jump to:

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, Tyler, Nacogdoches, and Houston among others. We have data for 11 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.

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

155

Origination Dollar Volume (All Markets)

$48,915,000

Employee count

149

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) 50 $33,080,000 $661,600 $0 0.00%
LONGVIEW, TX (FHA|USDA|VA) 71 $9,155,000 $128,944 $0 0.00%
TYLER, TX (FHA|USDA|VA) 15 $2,345,000 $156,333 $0 0.00%
Nacogdoches, TX (FHA|USDA|VA) 6 $1,430,000 $238,333 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $1,270,000 $635,000 $0 0.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $580,000 $290,000 $0 0.00%
Ruidoso, NM (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
Outside of Metro Areas 4 $250,000 $62,500 $0 0.00%
Lufkin, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Jacksonville, TX (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Texas Bank's top markets include Dallas, Longview, Tyler, Nacogdoches, and Houston among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 155 $48,915,000 $315,581 $0 0.00%

    For 2020, Texas Bank's most frequently originated type of loan was Conventional, with 155 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 96 $36,890,000 $384,271 $0 0.00%
    Refi 38 $10,370,000 $272,895 $0 0.00%
    Home Improvement 16 $1,330,000 $83,125 $0 0.00%
    Other 5 $325,000 $65,000 $0 0.00%

    For 2020, Texas Bank's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 155 $48,915,000 $315,581 $0 0.00%

    For 2020, Texas Bank's most frequently cited loan duration was Other, with 155 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 62 $3,680,000 $59,355 $0 0.00%
    $100k-200k 42 $5,880,000 $140,000 $0 0.00%
    $200k-400k 25 $7,305,000 $292,200 $0 0.00%
    $1MM+ 12 $23,560,000 $1,963,333 $0 0.00%
    $400k-600k 7 $3,215,000 $459,286 $0 0.00%
    $600k-1MM 7 $5,275,000 $753,571 $0 0.00%

    2020 saw Texas Bank place emphasis on $100,000 or less loans with 62 originations, totaling $3,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 27 $2,805,000 $103,889 $0 0.00%
    $250k+ 21 $21,245,000 $1,011,667 $0 0.00%
    $100k-150k 20 $3,600,000 $180,000 $0 0.00%
    $150k-250k 16 $4,560,000 $285,000 $0 0.00%
    $50k or less 16 $1,250,000 $78,125 $0 0.00%
    $75k-100k 13 $1,445,000 $111,154 $0 0.00%

    Texas Bank lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $250k+, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 155 $48,915,000 $315,581 $0 0.00%

    Texas Bank lent most frequently to those with DTI ratios of Exempt%, with 155 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 107 $26,765,000 $250,140 $0 0.00%
    Not applicable 32 $12,950,000 $404,688 $0 0.00%
    Not provided 10 $6,940,000 $694,000 $0 0.00%
    Black 5 $1,865,000 $373,000 $0 0.00%
    Asian 1 $395,000 $395,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.89%

    Texas Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    66.45%

    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 155 $48,915,000 $315,581

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $9,710,000 $1,213,750
    Single Family (1-4 Units):Manufactured 1 $25,000 $25,000
    Single Family (1-4 Units):Site-Built 146 $39,180,000 $268,356

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Texas Bank 1120 Highway 79 North Henderson, TX 75652 Full Service B&M $174,301
    Texas Bank 1815 Hwy 79 S. Henderson, TX 75654 Full Service B&M $41,257
    Texas Bank 230 West Johnson Street Tatum, TX 75691 Full Service B&M $53,042
    Texas Bank 290 South Preston Road Prosper, TX 75078 Full Service B&M $74,290
    Texas Bank 4018 Estes Parkway Longview, TX 75607 Full Service B&M $21,465
    Texas Bank 500 North Street Nacogdoches, TX 75961 Full Service B&M $45,356
    Texas Bank 5101 Rhones Quarter Rd. Tyler, TX 75707 Full Service B&M $22,732
    Texas Bank 605 S. Main Henderson, TX 75654 Full Service B&M $11,510
    Texas Bank 7700 Main Street Frisco, TX 75033 Full Service B&M $22,640

    For 2020, Texas Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,982
    Net interest income $20,452
    Total noninterest income $3,620
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,248
    Trading account gains and fees $0
    Additional Noninterest Income $2,372
    Pre-tax net operating income $6,214
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,214
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,214
    Minority interest net income $0
    Net income $6,214
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,214

    Texas Bank's gross interest income from loans was $24,982,000.
    Texas Bank's net interest income from loans was $20,452,000.
    Texas Bank's fee based income from loans was $1,248,000.
    Texas Bank's net income from loans was $6,214,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,530
    Provision for credit losses $1,214
    Total noninterest expense $16,644
    Salaries and employee benefits $9,786
    Premises and equipment expense $1,999
    Additional noninterest expense $4,859
    Applicable income taxes $0
    Net charge-offs $310
    Cash dividends $1,645

    Texas Bank's interest expense for loans was $4,530,000.
    Texas Bank's payroll and benefits expense were $9,786,000.
    Texas Bank's property, plant and equipment expenses $1,999,000.

    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 4.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    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 $481,892
    Deposits held in domestic offices $481,892
    Deposits by Individuals, partnerships, and corporations $430,396
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $49,339
    Deposits by Commercial banks and other depository institutions in U.S. $2,157
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $175,597
    Demand deposits $116,931
    Nontransaction accounts $306,295
    Money market deposit accounts (MMDAs) $132,495
    Other savings deposits (excluding MMDAs) $30,693
    Total time deposits $143,107
    Total time and savings deposits $364,961
    Noninterest-bearing deposits $107,929
    Interest-bearing deposits $373,963
    Retail deposits $432,164
    IRAs and Keogh plan accounts $12,197
    Brokered deposits $5,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $623,534
    Cash & Balances due from depository institutions $19,997
    Interest-bearing balances $11,461
    Total securities $161,657
    Federal funds sold & reverse repurchase $0
    Net loans and leases $411,436
    Loan and leases loss allowance $3,890
    Trading account assets $0
    Bank premises and fixed assets $18,260
    Other real estate owned $0
    Goodwill and other intangibles $15
    All other assets $12,169

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $623,534
    Total Liabilities $564,744
    Total deposits $481,892
    Interest-bearing deposits $373,963
    Deposits held in domestic offices $481,892
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $81,439
    Subordinated debt $0
    All other liabilities $1,413

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $411,436
    Loan and leases loss allowance $3,890
    Total loans and leases (domestic) $415,326
    All real estate loans $324,427
    Real estate loans in domestic offices $324,427
    Construction and development loans $61,443
    Residential 1-4 family construction $28,921
    Other construction, all land development and other land $32,522
    Loans secured by nonfarm nonresidential properties $140,970
    Nonfarm nonresidential secured by owner-occupied properties $24,238
    Commercial real estate & other non-farm, non-residential $116,732
    Multifamily residential real estate $4,568
    1-4 family residential loans $106,663
    Farmland loans $10,783
    Loans held in foreign offices $0
    Farm loans $7,813
    Commercial and industrial loans $55,838
    To non-U.S. addressees $0
    Loans to individuals $27,112
    Credit card loans $0
    Related Plans $18
    Consumer Auto Loans $14,612
    Other loans to individuals $12,482
    All other loans & leases $150
    Loans to foreign governments and official institutions $0
    Other loans $150
    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 $79
    Non 1-4 family restructured loans & leases $79
    Total loans and leases (foreign) $0

    Texas Bank had $411,436,000 of loans outstanding in 2020. $324,427,000 of loans were in real estate loans. $61,443,000 of loans were in development loans. $4,568,000 of loans were in multifamily mortgage loans. $106,663,000 of loans were in 1-4 family mortgage loans. $7,813,000 of loans were in farm loans. $0 of loans were in credit card loans. $14,612,000 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 125 $26,443 $211,544
    Nonfarm, nonresidential loans - <$100k 30 $1,285 $42,833
    Nonfarm, nonresidential loans - $100-250k 44 $5,714 $129,864
    Nonfarm, nonresidential loans - $250k-1MM 51 $19,444 $381,255
    Commercial & Industrial, US addressed loans - <$1MM 985 $42,162 $42,804
    Commercial & Industrial, US addressed loans - <$100k 862 $17,779 $20,625
    Commercial & Industrial, US addressed loans - $100-250k 85 $10,569 $124,341
    Commercial & Industrial, US addressed loans - $250k-1MM 38 $13,814 $363,526
    Farmland loans - <$1MM 59 $5,492 $93,085
    Farmland loans - <$100k 36 $1,283 $35,639
    Farmland loans - $100-250k 18 $2,587 $143,722
    Farmland loans - $250k-1MM 5 $1,622 $324,400
    Agriculture operations loans - <$1MM 246 $7,214 $29,325
    Agriculture operations loans - <$100k 223 $3,845 $17,242
    Agriculture operations loans - $100-250k 19 $2,040 $107,368
    Agriculture operations loans - $250k-1MM 4 $1,329 $332,250