Texas Bank Financial Mortgage Rates, Fees & Info

Weatherford, TX

LEI: 549300XFFRJX2835SG22

Tax ID: 75-2178291

Latest/2023 | 2022 Data | 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, Mineral Wells, Sherman, Granbury, and Longview among others. We have data for 23 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 about average 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

    1,254

    Origination Dollar Volume (All Markets)

    $220,380,000

    Employee count

    116

    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) 1,186 $210,180,000 $177,218 $5,238 5.92%
    Outside of Metro Areas 24 $3,570,000 $148,750 $4,131 4.94%
    Mineral Wells, TX (FHA|USDA|VA) 7 $1,545,000 $220,714 $2,706 4.29%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 5 $695,000 $139,000 $5,238 7.10%
    Granbury, TX (FHA|USDA|VA) 5 $645,000 $129,000 $4,310 6.25%
    LONGVIEW, TX (FHA|USDA|VA) 5 $505,000 $101,000 $4,883 6.68%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $500,000 $250,000 $4,355 3.94%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $485,000 $161,667 $5,582 5.79%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $275,000 $275,000 $7,957 4.13%
    Gainesville, TX (FHA|USDA|VA) 2 $260,000 $130,000 $4,347 5.94%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,758 4.25%
    Snyder, TX (FHA|USDA|VA) 1 $175,000 $175,000 $2,791 4.00%
    WACO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $1,800 5.25%
    Rockport, TX (FHA|USDA|VA) 1 $175,000 $175,000 $2,916 4.25%
    Corsicana, TX (FHA|USDA|VA) 2 $170,000 $85,000 $4,716 6.75%
    Sulphur Springs, TX (FHA|USDA|VA) 1 $165,000 $165,000 $6,845 7.13%
    TYLER, TX (FHA|USDA|VA) 1 $155,000 $155,000 $5,168 6.88%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $115,000 $115,000 $4,749 5.38%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.88%
    El Campo, TX (FHA|USDA|VA) 1 $105,000 $105,000 $5,826 4.38%
    Bonham, TX (FHA|USDA|VA) 1 $105,000 $105,000 $5,141 6.88%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $55,000 $55,000 $5,423 6.50%
    ABILENE, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.13%
    Texas Bank Financial's top markets include Dallas, Mineral Wells, Sherman, Granbury, and Longview among others.

    Their top states include:
  • Texas (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.

    AAXY L.L.C.
    Similarity Rank: 480
    FC LENDING, LTD.
    Similarity Rank: 815
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 948
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1038
    Resource One Credit Union
    Similarity Rank: 1140
    TEXANS
    Similarity Rank: 1204
    NEIGHBORHOOD
    Similarity Rank: 1228
    PIKE CREEK MORTGAGE SERVICES, INC.
    Similarity Rank: 1368
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1617
    LAS COLINAS
    Similarity Rank: 1720

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,146 $199,400,000 $173,997 $5,037 6.03%
    FHA 95 $17,615,000 $185,421 $6,950 4.49%
    VA 9 $2,455,000 $272,778 $4,920 4.51%
    USDA 4 $910,000 $227,500 $5,335 5.22%

    For 2019, Texas Bank Financial's most frequently originated type of loan was Conventional, with 1,146 originations. Their 2nd most popular type was FHA, with 95 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,066 $185,390,000 $173,912 $5,274 5.95%
    Refi 108 $20,990,000 $194,352 $4,638 5.49%
    Cash Out Refi 80 $14,000,000 $175,000 $4,631 5.68%

    For 2019, Texas Bank Financial's most frequently cited loan purpose was Home Purchase, with 1,066 originations. The 2nd most popular reason was Refi, with 108 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 516 $104,540,000 $202,597 $4,851 4.74%
    20 Year 397 $59,465,000 $149,786 $5,482 7.01%
    15 Year 276 $42,010,000 $152,210 $5,285 6.35%
    Other 49 $13,045,000 $266,224 $6,356 6.67%
    10 Year 16 $1,320,000 $82,500 $4,163 5.49%

    For 2019, Texas Bank Financial's most frequently cited loan duration was 30 Year, with 516 originations. The 2nd most popular length was 20 Year, with 397 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 503 $67,825,000 $134,841
    $1k-2k 404 $74,100,000 $183,416
    $3k-4k 166 $33,760,000 $203,373
    $<1k 103 $24,155,000 $234,515
    $4k-5k 16 $4,650,000 $290,625
    $5k+ 7 $4,255,000 $607,857

    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 503 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 381 $58,575,000 $153,740
    7-8% 307 $45,985,000 $149,788
    4-5% 268 $52,450,000 $195,709
    3-4% 168 $35,540,000 $211,548
    5-6% 118 $26,210,000 $222,119
    Over 8% 11 $1,215,000 $110,455
    2.5-3% 1 $405,000 $405,000

    During 2019, Texas Bank Financial's average interest rate for loans was 4.74%, while their most frequently originated rate bucket for loans was 6-7%, with 381 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 848 $125,630,000 $148,149 $5,209 6.09%
    $200k-400k 245 $62,225,000 $253,980 $5,454 5.33%
    $100,000 or less 122 $9,500,000 $77,869 $4,190 6.11%
    $400k-600k 34 $15,730,000 $462,647 $4,959 4.55%
    $1MM+ 3 $5,755,000 $1,918,333 $21,079 5.88%
    $600k-1MM 2 $1,540,000 $770,000 $7,930 5.13%

    2019 saw Texas Bank Financial place emphasis on $100k-200k loans with 848 originations, totaling $125,630,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 472 $76,400,000 $161,864 $5,370 6.17%
    $50k or less 428 $54,950,000 $128,388 $5,012 6.02%
    $75k-100k 143 $27,365,000 $191,364 $5,382 5.79%
    $100k-150k 110 $27,660,000 $251,455 $4,830 5.10%
    $150k-250k 55 $15,865,000 $288,455 $4,867 5.14%
    $250k+ 27 $10,795,000 $399,815 $5,975 5.03%

    Texas Bank Financial lent most frequently to those with incomes in the $50k-75k range, with 472 originations. The second most popular income band? $50k or less, with 428 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 231 $39,355,000 $170,368 $5,281 6.06%
    20-30% 160 $26,060,000 $162,875 $4,673 5.78%
    44% 147 $24,645,000 $167,653 $5,510 6.24%
    43% 99 $18,225,000 $184,091 $5,728 6.16%
    40% 79 $12,815,000 $162,215 $5,392 6.25%
    41% 77 $12,945,000 $168,117 $5,247 6.02%
    42% 71 $12,835,000 $180,775 $5,193 6.15%
    36% 60 $10,310,000 $171,833 $5,256 5.92%
    38% 56 $8,920,000 $159,286 $5,318 6.24%
    39% 56 $10,070,000 $179,821 $5,565 5.96%
    37% 46 $7,140,000 $155,217 $5,078 6.21%
    <20% 36 $6,160,000 $171,111 $4,262 5.53%
    45% 30 $5,560,000 $185,333 $4,609 4.62%
    49% 25 $4,745,000 $189,800 $4,608 4.29%
    46% 24 $5,750,000 $239,583 $4,401 4.39%
    47% 17 $3,365,000 $197,941 $4,285 4.23%
    48% 16 $3,160,000 $197,500 $4,856 4.66%
    >60% 5 $695,000 $139,000 $5,903 4.95%
    50-60% 4 $780,000 $195,000 $7,695 4.34%

    Texas Bank Financial lent most frequently to those with DTI ratios of 30-36%, with 231 originations. The next most common DTI ratio? 20-30%, with 160 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,215 $207,735,000 $170,975 $5,175 5.91%
    Not applicable 12 $5,700,000 $475,000 $0 6.17%
    Not provided 13 $3,585,000 $275,769 $5,553 5.43%
    Asian 7 $2,035,000 $290,714 $5,147 4.48%
    Black 6 $1,160,000 $193,333 $6,868 4.98%
    American Indian 1 $165,000 $165,000 $6,738 3.63%

    Approval Rates

    Total approvals of all applications
    97.80%

    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
    81.66%

    Texas Bank Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,254 $220,380,000 $175,742

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $3,505,000 $3,505,000
    Single Family (1-4 Units):Manufactured 43 $5,185,000 $120,581
    Single Family (1-4 Units):Site-Built 1,210 $211,690,000 $174,950

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $3,440,000 $143,333 $4,144 5.74%
    40-60% 89 $12,555,000 $141,067 $4,179 5.41%
    60-80% 279 $54,125,000 $193,996 $4,792 5.80%
    80-100% 854 $148,600,000 $174,005 $5,433 5.98%
    Over 100% 2 $510,000 $255,000 $8,465 5.69%
    Under 20% 6 $1,150,000 $191,667 $2,417 6.02%

    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 $5,466
    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 $52,174
    Texas Bank Financial 901 Santa Fe Drive Weatherford, TX 76086 Full Service B&M $304,340

    For 2019, Texas Bank Financial had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,842
    Net interest income $18,351
    Total noninterest income $8,144
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $286
    Trading account gains and fees $0
    Additional Noninterest Income $7,858
    Pre-tax net operating income $9,306
    Securities gains (or losses, -) $0
    Income before extraordinary items $9,306
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,306
    Minority interest net income $0
    Net income $9,306
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,306

    Texas Bank Financial's gross interest income from loans was $25,842,000.
    Texas Bank Financial's net interest income from loans was $18,351,000.
    Texas Bank Financial's fee based income from loans was $286,000.
    Texas Bank Financial's net income from loans was $9,306,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,491
    Provision for credit losses $1,200
    Total noninterest expense $15,989
    Salaries and employee benefits $11,425
    Premises and equipment expense $496
    Additional noninterest expense $4,068
    Applicable income taxes $0
    Net charge-offs $15
    Cash dividends $0

    Texas Bank Financial's interest expense for loans was $7,491,000.
    Texas Bank Financial's payroll and benefits expense were $11,425,000.
    Texas Bank Financial's property, plant and equipment expenses $496,000.

    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 $383,327
    Deposits held in domestic offices $383,327
    Deposits by Individuals, partnerships, and corporations $269,910
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $52,578
    Deposits by Commercial banks and other depository institutions in U.S. $60,839
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $43,897
    Demand deposits $34,416
    Nontransaction accounts $339,430
    Money market deposit accounts (MMDAs) $149,951
    Other savings deposits (excluding MMDAs) $6,038
    Total time deposits $183,441
    Total time and savings deposits $348,911
    Noninterest-bearing deposits $34,415
    Interest-bearing deposits $348,912
    Retail deposits $321,158
    IRAs and Keogh plan accounts $9,493
    Brokered deposits $5,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $441,769
    Cash & Balances due from depository institutions $55,074
    Interest-bearing balances $52,913
    Total securities $1,931
    Federal funds sold & reverse repurchase $3,527
    Net loans and leases $366,853
    Loan and leases loss allowance $3,851
    Trading account assets $0
    Bank premises and fixed assets $6,980
    Other real estate owned $277
    Goodwill and other intangibles $3,238
    All other assets $3,889

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $441,769
    Total Liabilities $399,744
    Total deposits $383,327
    Interest-bearing deposits $348,912
    Deposits held in domestic offices $383,327
    % insured (estimated) $57
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $15,000
    Subordinated debt $0
    All other liabilities $1,417

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $366,853
    Loan and leases loss allowance $3,851
    Total loans and leases (domestic) $370,704
    All real estate loans $370,094
    Real estate loans in domestic offices $370,094
    Construction and development loans $27,990
    Residential 1-4 family construction $10,594
    Other construction, all land development and other land $17,396
    Loans secured by nonfarm nonresidential properties $52,826
    Nonfarm nonresidential secured by owner-occupied properties $24,738
    Commercial real estate & other non-farm, non-residential $28,088
    Multifamily residential real estate $241
    1-4 family residential loans $287,435
    Farmland loans $1,602
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $4,141
    To non-U.S. addressees $0
    Loans to individuals $703
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $240
    Other loans to individuals $463
    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 $366,853,000 of loans outstanding in 2019. $370,094,000 of loans were in real estate loans. $27,990,000 of loans were in development loans. $241,000 of loans were in multifamily mortgage loans. $287,435,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $240,000 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 31 $10,979 $354,161
    Nonfarm, nonresidential loans - <$100k 1 $83 $83,000
    Nonfarm, nonresidential loans - $100-250k 4 $577 $144,250
    Nonfarm, nonresidential loans - $250k-1MM 26 $10,319 $396,885
    Commercial & Industrial, US addressed loans - <$1MM 28 $1,980 $70,714
    Commercial & Industrial, US addressed loans - <$100k 17 $670 $39,412
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,310 $119,091
    Farmland loans - <$1MM 2 $203 $101,500
    Farmland loans - $100-250k 1 $39 $39,000
    Farmland loans - $250k-1MM 1 $164 $164,000