Texas Bank Financial Mortgage Rates, Fees & Info
Weatherford, TXLEI: 549300XFFRJX2835SG22
Tax ID: 75-2178291
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Mortgage Data
Bank Data
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, Oklahoma City, Austin, Mineral Wells, and Granbury among others. We have data for 35 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.
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Originations
1,480Origination Dollar Volume (All Markets)
$335,140,000Employee count
157Awards
Texas Bank Financial - 2021
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For 2021, less than of lenders were eligible for this award.
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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) | 1,358 | $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% |
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.
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Product Mix
For 2021, Texas Bank Financial's most frequently originated type of loan was Conventional, with 1,383 originations. Their 2nd most popular type was FHA, with 88 originations.
Loan Reason
For 2021, Texas Bank Financial's most frequently cited loan purpose was Home Purchase, with 1,061 originations. The 2nd most popular reason was Refi, with 269 originations.
Loan Duration/Length
For 2021, Texas Bank Financial's most frequently cited loan duration was 30 Year, with 546 originations. The 2nd most popular length was 15 Year, with 468 originations.
Origination Fees/Closing Costs
Texas Bank Financial's average total fees were $5,510, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 473 originations.
Interest Rates
During 2021, Texas Bank Financial's average interest rate for loans was 3.72%, while their most frequently originated rate bucket for loans was 6-7%, with 490 originations.
Loan Sizing
2021 saw Texas Bank Financial place emphasis on $100k-200k loans with 741 originations, totaling $116,725,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications99.05%
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 origination71.01%
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 |
LTV Distribution
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 |