Texas Bank Financial Mortgage Rates, Fees & Info

Weatherford, TX

LEI: 549300XFFRJX2835SG22

Tax ID: 75-2178291

2.5 stars - out of 5 stars, based on 38 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Texas Bank Financial is a smaller bank specializing in Home Purchase loans. Texas Bank Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Dallas, Oklahoma City, Austin, Mineral Wells, and Granbury among others. Texas Bank Financial has an above 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 Financial is typically an average fee lendor.


Originations

1,480

Origination Dollar Volume (All Markets)

$335,140,000

Employee count

157

Awards

Texas Bank Financial FHA Loans bronze
Show all (1) awards

Relative Rate

Texas Bank Financial's average 30 year fixed rate mortgage of loans were 3.72%.

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

This yields a difference of 0.57%.

Relative Fees

Texas Bank Financial's average total fees for a 30 year fixed rate mortgage are $5,510.

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) 1,358 $275,770,000 $203,071 $5,779 4.97%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $29,005,000 $29,005,000 $0 3.75%
Outside of Metro Areas 30 $7,160,000 $238,667 $5,817 3.91%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 17 $5,075,000 $298,529 $7,615 5.60%
Mineral Wells, TX (FHA|USDA|VA) 10 $3,010,000 $301,000 $4,297 3.10%
Granbury, TX (FHA|USDA|VA) 6 $2,670,000 $445,000 $4,231 3.71%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 6 $1,630,000 $271,667 $4,099 3.52%
Athens, TX (FHA|USDA|VA) 4 $1,390,000 $347,500 $5,399 4.88%
SHERMAN-DENISON, TX (FHA|USDA|VA) 6 $990,000 $165,000 $5,618 5.90%
Corsicana, TX (FHA|USDA|VA) 5 $955,000 $191,000 $6,224 5.00%
Gainesville, TX (FHA|USDA|VA) 4 $840,000 $210,000 $7,401 4.31%
WACO, TX (FHA|USDA|VA) 3 $705,000 $235,000 $4,734 3.08%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $605,000 $121,000 $3,910 3.85%
MIDLAND, TX (FHA|USDA|VA) 2 $510,000 $255,000 $4,406 3.75%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $505,000 $505,000 $5,025 3.25%
Bonham, TX (FHA|USDA|VA) 2 $450,000 $225,000 $5,308 5.13%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $405,000 $405,000 $4,593 2.75%
LUBBOCK, TX (FHA|USDA|VA) 2 $370,000 $185,000 $4,076 2.94%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $365,000 $365,000 $0 2.13%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $265,000 $265,000 $4,489 3.13%
El Campo, TX (FHA|USDA|VA) 1 $245,000 $245,000 $4,621 4.25%
Helena, MT (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.38%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $215,000 $215,000 $9,051 3.38%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,335 3.38%
Jacksonville, TX (FHA|USDA|VA) 1 $185,000 $185,000 $4,997 3.13%
ABILENE, TX (FHA|USDA|VA) 1 $185,000 $185,000 $6,185 6.63%
LAS CRUCES, NM (FHA|USDA|VA) 1 $175,000 $175,000 $1,576 2.00%
Stephenville, TX (FHA|USDA|VA) 1 $135,000 $135,000 $2,632 3.50%
EL PASO, TX (FHA|USDA|VA) 1 $135,000 $135,000 $4,184 3.25%
Paris, TX (FHA|USDA|VA) 1 $135,000 $135,000 $6,234 6.63%
Bay City, TX (FHA|USDA|VA) 1 $135,000 $135,000 $1,925 6.88%
SAN ANGELO, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,625 3.38%
Poplar Bluff, MO (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.75%
TYLER, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,593 2.88%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $115,000 $115,000 $2,951 2.75%

Texas Bank Financial's top markets include Dallas, Oklahoma City, Austin, Mineral Wells, and Granbury among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,383 $313,375,000 $226,591 $5,557 5.01%
FHA 88 $19,630,000 $223,068 $8,833 3.46%
VA 8 $2,030,000 $253,750 $4,276 3.06%
USDA 1 $105,000 $105,000 $5,529 3.13%

For the 2021 period, Texas Bank Financial's most frequently originated loan type of loans were Conventional, with 1,383 originations. Their 2nd most popular type is FHA, with 88 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,061 $255,875,000 $241,164 $6,275 5.18%
Refi 269 $48,455,000 $180,130 $4,476 4.14%
Cash Out Refi 149 $30,745,000 $206,342 $4,361 4.35%
Home Improvement 1 $65,000 $65,000 $3,752 3.13%

For the 2021, Texas Bank Financial's most frequently cited loan purpose of loans were Home Purchase, with 1,061 originations. The 2nd most popular reason of loans were Refi, with 269 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 546 $123,950,000 $227,015 $5,510 3.72%
15 Year 468 $89,840,000 $191,966 $5,816 5.37%
20 Year 377 $68,505,000 $181,711 $5,921 6.02%
Other 63 $47,255,000 $750,079 $6,864 5.14%
10 Year 24 $2,930,000 $122,083 $4,747 4.78%
1 Year 1 $2,555,000 $2,555,000 $0 4.50%
5 Year 1 $105,000 $105,000 $5,217 4.88%

For the 2021, Texas Bank Financial's most frequently cited loan length of loans were 30 Year, with 546 originations. The 2nd most popular length of loans were 15 Year, with 468 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$3k-4k 498 $110,430,000 $221,747
$1k-2k 473 $97,365,000 $205,846
$2k-3k 346 $51,990,000 $150,260
$<1k 117 $26,705,000 $228,248
$5k+ 21 $8,845,000 $421,190

$5,510 of loans were Texas Bank Financial's average total fees, while their most frequently occuring range of origination fees were in the $3k-4k bucket, with 498 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
6-7% 490 $93,070,000 $189,939
3-4% 366 $112,930,000 $308,552
5-6% 294 $56,950,000 $193,707
2.5-3% 169 $38,215,000 $226,124
4-5% 99 $24,735,000 $249,848
<2.5% 44 $7,060,000 $160,455
7-8% 18 $2,180,000 $121,111

During 2021, Texas Bank Financial's average interest rate of loans were 3.72%, while their most frequently originated rate bucket of loans were 6-7%, with 490 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 741 $116,725,000 $157,524 $5,298 5.15%
$200k-400k 610 $153,540,000 $251,705 $6,338 4.73%
$100,000 or less 76 $5,700,000 $75,000 $4,368 4.65%
$400k-600k 46 $22,000,000 $478,261 $7,079 3.73%
$1MM+ 5 $35,725,000 $7,145,000 $23,959 4.48%
$600k-1MM 2 $1,450,000 $725,000 $6,299 4.00%

2021 saw Texas Bank Financial place emphasis on $100k-200k loans with 741 originations, totaling $116,725,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 590 $112,730,000 $191,068 $5,928 5.23%
$50k or less 333 $48,155,000 $144,610 $5,220 5.14%
$75k-100k 252 $55,970,000 $222,103 $5,989 4.76%
$100k-150k 182 $45,870,000 $252,033 $5,909 4.38%
$150k-250k 81 $25,135,000 $310,309 $5,448 3.71%
$250k+ 31 $11,215,000 $361,774 $6,093 3.88%

Texas Bank Financial lent most frequently to those with incomes in the $50k-75k range, with 590 originations. The second most popular income band? $50k or less, with 333 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 321 $64,295,000 $200,296 $5,761 4.94%
20-30% 212 $41,080,000 $193,774 $5,230 4.76%
42% 140 $28,610,000 $204,357 $6,158 5.45%
41% 108 $23,720,000 $219,630 $6,261 5.20%
40% 98 $19,440,000 $198,367 $5,831 5.24%
39% 83 $16,255,000 $195,843 $5,810 5.26%
44% 81 $15,515,000 $191,543 $5,589 4.67%
37% 79 $18,095,000 $229,051 $5,929 5.09%
38% 72 $15,150,000 $210,417 $5,985 5.35%
36% 65 $11,615,000 $178,692 $5,750 5.13%
43% 60 $12,240,000 $204,000 $5,945 4.93%
<20% 49 $9,355,000 $190,918 $5,030 4.16%
46% 20 $4,120,000 $206,000 $5,544 3.30%
48% 20 $4,590,000 $229,500 $6,019 3.44%
45% 19 $4,805,000 $252,895 $5,924 3.38%
47% 19 $4,345,000 $228,684 $5,134 3.14%
49% 12 $2,400,000 $200,000 $5,512 3.25%
50-60% 3 $835,000 $278,333 $9,970 3.58%

Texas Bank Financial lent most frequently to those with DTI ratios of 30-36%, with 321 originations. The next most common DTI ratio? 20-30%, with 212 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,406 $285,260,000 $202,888 $5,756 4.94%
Not applicable 11 $36,025,000 $3,275,000 $0 4.50%
Not provided 25 $5,095,000 $203,800 $5,188 4.13%
Black 13 $3,095,000 $238,077 $5,792 3.70%
Asian 9 $2,225,000 $247,222 $5,587 4.13%
American Indian 11 $2,095,000 $190,455 $6,385 5.11%
Vietnamese 2 $800,000 $400,000 $4,996 4.00%
Other Pacific Islander 1 $215,000 $215,000 $8,243 3.25%
Other Asian 1 $205,000 $205,000 $3,026 3.13%
Native Hawaiian 1 $125,000 $125,000 $5,086 5.75%

Approval Rates

Total approvals of all applications
98.22%

Texas Bank Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
78.09%

Texas Bank Financial has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,480 $335,140,000 $226,446

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,480 $335,140,000 $226,446

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 54 $7,630,000 $141,296 $4,531 4.25%
40-60% 130 $23,550,000 $181,154 $4,490 4.20%
60-80% 425 $120,235,000 $282,906 $5,287 4.63%
80-100% 863 $182,365,000 $211,315 $6,229 5.19%
Over 100% 3 $745,000 $248,333 $9,882 3.08%
Under 20% 4 $440,000 $110,000 $4,415 4.44%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Texas Bank Financial 4521 South Hulen Street, Ste 200 Fort Worth, TX 76109 Full Service B&M $56,154
Texas Bank Financial 5429 Lbj Fwy Dallas, TX 75240 Full Service B&M $58,263
Texas Bank Financial 901 Santa Fe Drive Weatherford, TX 76086 Full Service B&M $425,809

For 2021, Texas Bank Financial had 3 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $38,555
Net interest income $34,486
Total noninterest income $13,147
Gross Fiduciary activities income $0
Service charges on deposit accounts $344
Trading account gains and fees $0
Additional Noninterest Income $12,803
Pre-tax net operating income $20,738
Securities gains (or losses, -) $0
Income before extraordinary items $20,738
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $20,738
Minority interest net income $0
Net income $20,738
Sale, conversion, retirement of capital stock, net $0
Net operating income $20,738

Texas Bank Financial's gross interest income from loans was $38,555,000.
Texas Bank Financial's net interest income from loans was $34,486,000.
Texas Bank Financial's fee based income from loans was $344,000.
Texas Bank Financial's net income from loans was $20,738,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,069
Provision for credit losses $2,400
Total noninterest expense $24,495
Salaries and employee benefits $18,466
Premises and equipment expense $507
Additional noninterest expense $5,522
Applicable income taxes $0
Net charge-offs $-3
Cash dividends $0

Texas Bank Financial's interest expense for loans was $4,069,000.
Texas Bank Financial's payroll and benefits expense were $18,466,000.
Texas Bank Financial's property, plant and equipment expenses $507,000.

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 $668,230
Deposits held in domestic offices $668,230
Deposits by Individuals, partnerships, and corporations $450,465
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $52,592
Deposits by Commercial banks and other depository institutions in U.S. $165,173
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $119,825
Demand deposits $102,631
Nontransaction accounts $548,405
Money market deposit accounts (MMDAs) $316,427
Other savings deposits (excluding MMDAs) $10,205
Total time deposits $221,774
Total time and savings deposits $565,599
Noninterest-bearing deposits $102,631
Interest-bearing deposits $565,599
Retail deposits $537,356
IRAs and Keogh plan accounts $9,523
Brokered deposits $40,252
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $759,541
Cash & Balances due from depository institutions $79,771
Interest-bearing balances $77,689
Total securities $16,782
Federal funds sold & reverse repurchase $1,608
Net loans and leases $642,852
Loan and leases loss allowance $8,342
Trading account assets $0
Bank premises and fixed assets $6,849
Other real estate owned $325
Goodwill and other intangibles $5,348
All other assets $6,006

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $759,541
Total Liabilities $680,353
Total deposits $668,230
Interest-bearing deposits $565,599
Deposits held in domestic offices $668,230
% insured (estimated) $35
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $10,000
Subordinated debt $0
All other liabilities $2,123

Issued Loan Types

Type Value (in 000's)
Net loans and leases $642,852
Loan and leases loss allowance $8,342
Total loans and leases (domestic) $651,194
All real estate loans $647,689
Real estate loans in domestic offices $647,689
Construction and development loans $60,883
Residential 1-4 family construction $25,839
Other construction, all land development and other land $35,044
Loans secured by nonfarm nonresidential properties $79,072
Nonfarm nonresidential secured by owner-occupied properties $35,986
Commercial real estate & other non-farm, non-residential $43,086
Multifamily residential real estate $3,013
1-4 family residential loans $496,827
Farmland loans $7,894
Loans held in foreign offices $0
Farm loans $10
Commercial and industrial loans $8,197
To non-U.S. addressees $0
Loans to individuals $421
Credit card loans $0
Related Plans $0
Consumer Auto Loans $201
Other loans to individuals $220
All other loans & leases $13
Loans to foreign governments and official institutions $0
Other loans $13
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

Texas Bank Financial had $642,852,000 of loans outstanding in 2021. $647,689,000 of loans were in real estate loans. $60,883,000 of loans were in development loans. $3,013,000 of loans were in multifamily mortgage loans. $496,827,000 of loans were in 1-4 family mortgage loans. $10,000 of loans were in farm loans. $0 of loans were in credit card loans. $201,000 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 28 $12,038 $429,929
Nonfarm, nonresidential loans - <$100k 1 $76 $76,000
Nonfarm, nonresidential loans - $100-250k 1 $198 $198,000
Nonfarm, nonresidential loans - $250k-1MM 26 $11,764 $452,462
Commercial & Industrial, US addressed loans - <$1MM 66 $7,958 $120,576
Commercial & Industrial, US addressed loans - <$100k 29 $1,057 $36,448
Commercial & Industrial, US addressed loans - $100-250k 31 $3,904 $125,935
Commercial & Industrial, US addressed loans - $250k-1MM 6 $2,997 $499,500
Farmland loans - <$1MM 3 $752 $250,667
Farmland loans - $100-250k 1 $142 $142,000
Farmland loans - $250k-1MM 2 $610 $305,000
Agriculture operations loans - <$1MM 1 $10 $10,000
Agriculture operations loans - <$100k 1 $10 $10,000