Texas Bank Financial Mortgage Rates, Fees & Info

Weatherford, TX

LEI: 549300XFFRJX2835SG22

Tax ID: 75-2178291

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & 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 by origination volume include: Dallas, Houston, Mineral Wells, Granbury, and Sherman among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Texas Bank Financial 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. Texas Bank Financial is typically an average 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 relatively high rates.

    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

    1,022

    Origination Dollar Volume (All Markets)

    $172,890,000

    Employee count

    96

    Awards

    Texas Bank Financial FHA Loans gold
    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 930 $158,230,000 $170,140 $5,136 6.24%
    Outside of Metro Areas 23 $3,585,000 $155,870 $4,290 5.37%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 24 $3,440,000 $143,333 $5,152 6.00%
    Mineral Wells, TX (FHA|USDA|VA) 6 $1,480,000 $246,667 $4,126 5.77%
    Granbury, TX (FHA|USDA|VA) 8 $1,220,000 $152,500 $4,234 5.19%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 9 $1,105,000 $122,778 $4,997 6.56%
    Gainesville, TX (FHA|USDA|VA) 4 $640,000 $160,000 $4,617 6.38%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $515,000 $515,000 $4,861 5.13%
    Athens, TX (FHA|USDA|VA) 4 $460,000 $115,000 $4,568 6.16%
    WACO, TX (FHA|USDA|VA) 1 $395,000 $395,000 $6,417 4.88%
    LONGVIEW, TX (FHA|USDA|VA) 2 $370,000 $185,000 $4,608 6.13%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $265,000 $265,000 $4,264 6.00%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $185,000 $185,000 $4,020 4.88%
    Bonham, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,763 5.25%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $135,000 $135,000 $5,100 7.75%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $135,000 $135,000 $5,977 4.63%
    TYLER, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,519 5.50%
    COLUMBUS, OH (FHA|USDA|VA) 1 $115,000 $115,000 $5,266 4.75%
    Andrews, TX (FHA|USDA|VA) 1 $115,000 $115,000 $4,821 5.25%
    Corsicana, TX (FHA|USDA|VA) 1 $115,000 $115,000 $4,465 5.00%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $115,000 $115,000 $6,328 4.50%
    Texas Bank Financial's top markets include Dallas, Houston, Mineral Wells, Granbury, and Sherman among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Texas Bank Financial based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    NEIGHBORHOOD
    Similarity Rank: 200
    TEXANS
    Similarity Rank: 416
    AMERICAN HERITAGE CAPITAL, L.P.
    Similarity Rank: 780
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 870
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 897
    CRESTMARK MORTGAGE COMPANY, LTD.
    Similarity Rank: 992
    ASCENT HOME LENDING, LLC
    Similarity Rank: 1220
    DATCU
    Similarity Rank: 1440
    ESB Mortgage Company
    Similarity Rank: 1488
    TEXAS TRUST
    Similarity Rank: 1809

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 931 $156,755,000 $168,373 $4,947 6.32%
    FHA 84 $15,020,000 $178,810 $6,729 4.96%
    VA 4 $690,000 $172,500 $4,788 4.72%
    USDA 3 $425,000 $141,667 $4,367 4.67%

    For 2018, Texas Bank Financial's most frequently originated type of loan was Conventional, with 931 originations. Their 2nd most popular type was FHA, with 84 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 855 $143,535,000 $167,877 $5,165 6.28%
    Refi 94 $15,830,000 $168,404 $4,609 5.82%
    Cash Out Refi 73 $13,525,000 $185,274 $4,863 5.71%

    For 2018, Texas Bank Financial's most frequently cited loan purpose was Home Purchase, with 855 originations. The 2nd most popular reason was Refi, with 94 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 452 $89,530,000 $198,075 $4,851 5.19%
    20 Year 267 $38,675,000 $144,850 $5,421 7.42%
    15 Year 239 $30,835,000 $129,017 $5,093 6.68%
    Other 30 $10,080,000 $336,000 $6,271 6.58%
    5 Year 23 $3,055,000 $132,826 $0 6.03%
    10 Year 11 $715,000 $65,000 $4,429 6.77%

    For 2018, Texas Bank Financial's most frequently cited loan duration was 30 Year, with 452 originations. The 2nd most popular length was 20 Year, with 267 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 409 $53,545,000 $130,917
    $1k-2k 386 $67,840,000 $175,751
    $3k-4k 111 $21,335,000 $192,207
    $<1k 72 $16,210,000 $225,139
    $5k+ 12 $5,110,000 $425,833
    $4k-5k 5 $1,415,000 $283,000

    Texas Bank Financial's average total fees were $4,851, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 409 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 341 $48,525,000 $142,302
    4-5% 268 $53,990,000 $201,455
    5-6% 200 $39,870,000 $199,350
    6-7% 195 $27,855,000 $142,846
    Over 8% 10 $1,110,000 $111,000
    3-4% 8 $1,540,000 $192,500

    During 2018, Texas Bank Financial's average interest rate for loans was 5.19%, while their most frequently originated rate bucket for loans was 7-8%, with 341 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 701 $101,445,000 $144,715 $5,119 6.38%
    $200k-400k 168 $42,910,000 $255,417 $5,435 5.38%
    $100,000 or less 121 $9,345,000 $77,231 $4,202 6.52%
    $400k-600k 25 $11,085,000 $443,400 $5,165 5.15%
    $600k-1MM 4 $2,820,000 $705,000 $15,114 6.24%
    $1MM+ 3 $5,285,000 $1,761,667 $5,068 4.92%

    2018 saw Texas Bank Financial place emphasis on $100k-200k loans with 701 originations, totaling $101,445,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 378 $58,500,000 $154,762 $5,197 6.41%
    $50k or less 359 $45,235,000 $126,003 $4,903 6.31%
    $75k-100k 105 $20,025,000 $190,714 $5,367 6.10%
    $100k-150k 86 $19,420,000 $225,814 $4,906 5.43%
    $150k-250k 49 $14,665,000 $299,286 $5,007 5.54%
    $250k+ 16 $6,890,000 $430,625 $6,264 5.50%

    Texas Bank Financial lent most frequently to those with incomes in the $50k-75k range, with 378 originations. The second most popular income band? $50k or less, with 359 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 196 $31,120,000 $158,776 $4,960 6.33%
    20-30% 135 $21,565,000 $159,741 $4,703 6.24%
    42% 83 $13,755,000 $165,723 $5,511 6.81%
    43% 72 $12,690,000 $176,250 $5,295 6.05%
    38% 63 $10,205,000 $161,984 $5,026 6.50%
    41% 61 $10,575,000 $173,361 $5,173 6.53%
    39% 56 $8,910,000 $159,107 $5,464 6.46%
    40% 56 $8,420,000 $150,357 $5,219 6.58%
    37% 48 $7,540,000 $157,083 $5,049 6.46%
    36% 42 $6,510,000 $155,000 $5,196 6.32%
    49% 34 $6,360,000 $187,059 $5,438 4.98%
    44% 34 $6,470,000 $190,294 $5,307 5.82%
    46% 25 $5,285,000 $211,400 $5,268 5.07%
    45% 23 $4,155,000 $180,652 $4,921 5.27%
    47% 22 $4,440,000 $201,818 $4,885 4.88%
    <20% 19 $2,545,000 $133,947 $4,305 6.13%
    48% 16 $2,840,000 $177,500 $4,179 5.18%
    50-60% 8 $1,350,000 $168,750 $6,563 4.95%

    Texas Bank Financial lent most frequently to those with DTI ratios of 30-36%, with 196 originations. The next most common DTI ratio? 20-30%, with 135 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 964 $158,760,000 $164,689 $5,099 6.22%
    Not applicable 27 $7,875,000 $291,667 $13,220 6.05%
    Asian 10 $2,280,000 $228,000 $4,181 6.05%
    Black 9 $1,845,000 $205,000 $5,682 4.94%
    Not provided 10 $1,730,000 $173,000 $4,460 5.43%
    American Indian 1 $245,000 $245,000 $3,888 5.50%
    Native Hawaiian or Islander 1 $155,000 $155,000 $4,020 4.25%

    Approval Rates

    Total approvals of all applications
    97.87%

    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
    80.04%

    Texas Bank Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    6360.59 1 $175,000 $175,000
    NA 1,021 $172,715,000 $169,163

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $4,030,000 $2,015,000
    Single Family (1-4 Units):Manufactured 46 $6,050,000 $131,522
    Single Family (1-4 Units):Site-Built 974 $162,810,000 $167,156

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $2,060,000 $171,667 $4,256 6.00%
    40-60% 67 $9,505,000 $141,866 $4,323 5.74%
    60-80% 230 $41,880,000 $182,087 $4,888 5.96%
    80-100% 707 $119,015,000 $168,338 $5,267 6.32%
    Under 20% 6 $430,000 $71,667 $2,827 6.79%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Texas Bank Financial 2800 South Hulen Street, Suite 115 Fort Worth, TX 76109 Full Service B&M $4,237
    Texas Bank Financial 5147 East Interstate 20 Service Road North Weatherford, TX 76087 Full Service B&M $0
    Texas Bank Financial 5429 Lbj Fwy Dallas, TX 75240 Full Service B&M $16,563
    Texas Bank Financial 901 Santa Fe Drive Weatherford, TX 76086 Full Service B&M $244,467

    For 2018, Texas Bank Financial had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,699
    Net interest income $13,584
    Total noninterest income $7,725
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $256
    Trading account gains and fees $0
    Additional Noninterest Income $7,469
    Pre-tax net operating income $7,073
    Securities gains (or losses, -) $0
    Income before extraordinary items $7,073
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,073
    Minority interest net income $0
    Net income $7,073
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,073

    Texas Bank Financial's gross interest income from loans was $17,699,000.
    Texas Bank Financial's net interest income from loans was $13,584,000.
    Texas Bank Financial's fee based income from loans was $256,000.
    Texas Bank Financial's net income from loans was $7,073,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,115
    Provision for credit losses $680
    Total noninterest expense $13,556
    Salaries and employee benefits $9,760
    Premises and equipment expense $436
    Additional noninterest expense $3,360
    Applicable income taxes $0
    Net charge-offs $13
    Cash dividends $0

    Texas Bank Financial's interest expense for loans was $4,115,000.
    Texas Bank Financial's payroll and benefits expense were $9,760,000.
    Texas Bank Financial's property, plant and equipment expenses $436,000.

    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 $314,641
    Deposits held in domestic offices $314,641
    Deposits by Individuals, partnerships, and corporations $267,905
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $27,204
    Deposits by Commercial banks and other depository institutions in U.S. $19,532
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $42,815
    Demand deposits $33,546
    Nontransaction accounts $271,826
    Money market deposit accounts (MMDAs) $115,980
    Other savings deposits (excluding MMDAs) $5,084
    Total time deposits $150,762
    Total time and savings deposits $281,095
    Noninterest-bearing deposits $33,546
    Interest-bearing deposits $281,095
    Retail deposits $270,714
    IRAs and Keogh plan accounts $8,869
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $348,428
    Cash & Balances due from depository institutions $39,776
    Interest-bearing balances $37,340
    Total securities $2,374
    Federal funds sold & reverse repurchase $1,630
    Net loans and leases $291,895
    Loan and leases loss allowance $2,665
    Trading account assets $0
    Bank premises and fixed assets $7,109
    Other real estate owned $101
    Goodwill and other intangibles $2,673
    All other assets $2,870

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $348,428
    Total Liabilities $315,763
    Total deposits $314,641
    Interest-bearing deposits $281,095
    Deposits held in domestic offices $314,641
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,122

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $291,895
    Loan and leases loss allowance $2,665
    Total loans and leases (domestic) $294,560
    All real estate loans $292,176
    Real estate loans in domestic offices $292,176
    Construction and development loans $36,631
    Residential 1-4 family construction $21,998
    Other construction, all land development and other land $14,633
    Loans secured by nonfarm nonresidential properties $38,993
    Nonfarm nonresidential secured by owner-occupied properties $18,527
    Commercial real estate & other non-farm, non-residential $20,466
    Multifamily residential real estate $747
    1-4 family residential loans $214,100
    Farmland loans $1,705
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $6,292
    To non-U.S. addressees $0
    Loans to individuals $744
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $295
    Other loans to individuals $449
    All other loans & leases $14
    Loans to foreign governments and official institutions $0
    Other loans $14
    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 $291,895,000 of loans outstanding in 2018. $292,176,000 of loans were in real estate loans. $36,631,000 of loans were in development loans. $747,000 of loans were in multifamily mortgage loans. $214,100,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $295,000 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 34 $10,176 $299,294
    Nonfarm, nonresidential loans - <$100k 10 $218 $21,800
    Nonfarm, nonresidential loans - $100-250k 7 $303 $43,286
    Nonfarm, nonresidential loans - $250k-1MM 17 $9,655 $567,941
    Commercial & Industrial, US addressed loans - <$1MM 33 $2,491 $75,485
    Commercial & Industrial, US addressed loans - <$100k 21 $589 $28,048
    Commercial & Industrial, US addressed loans - $100-250k 9 $1,193 $132,556
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $709 $236,333
    Farmland loans - <$1MM 2 $222 $111,000
    Farmland loans - $100-250k 1 $40 $40,000
    Farmland loans - $250k-1MM 1 $182 $182,000