Broadway National Bank Mortgage Rates, Fees & Info

San Antonio, TX

LEI: RA4FKR1AA05ZK88M8034

Tax ID: 74-0526885

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Broadway National Bank is a smaller bank specializing in Home Purchase loans. Broadway National Bank has a high proportion of conventional loans. Their top markets include San Antonio, Austin, Corpus Christi, Kerrville, and Heber among others. Broadway National Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

437

Origination Dollar Volume (All Markets)

$321,405,000

Employee count

608

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 224 $131,510,000 $587,098 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 107 $121,475,000 $1,135,280 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 21 $16,105,000 $766,905 $0 0.00%
Outside of Metro Areas 21 $15,865,000 $755,476 $0 0.00%
Kerrville, TX (FHA|USDA|VA) 20 $7,830,000 $391,500 $0 0.00%
Heber, UT (FHA|USDA|VA) 3 $5,285,000 $1,761,667 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $4,215,000 $1,405,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $3,900,000 $650,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 9 $3,785,000 $420,556 $0 0.00%
Fredericksburg, TX (FHA|USDA|VA) 4 $1,560,000 $390,000 $0 0.00%
Port Lavaca, TX (FHA|USDA|VA) 2 $1,540,000 $770,000 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $0 0.00%
Rockport, TX (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 0.00%
FORT COLLINS, CO (FHA|USDA|VA) 1 $865,000 $865,000 $0 0.00%
Durango, CO (FHA|USDA|VA) 1 $745,000 $745,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $615,000 $615,000 $0 0.00%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $585,000 $585,000 $0 0.00%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
BOULDER, CO (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
Breckenridge, CO (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
VICTORIA, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Paris, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Oxford, MS (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%

Broadway National Bank's top markets include San Antonio, Austin, Corpus Christi, Kerrville, and Heber among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 432 $320,000,000 $740,741 $0 0.00%
VA 5 $1,405,000 $281,000 $0 0.00%

For the 2021 period, Broadway National Bank's most frequently originated loan type of loans were Conventional, with 432 originations. Their 2nd most popular type is VA, with 5 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 216 $227,810,000 $1,054,676 $0 0.00%
Refi 106 $46,270,000 $436,509 $0 0.00%
Cash Out Refi 83 $41,625,000 $501,506 $0 0.00%
Other 18 $4,570,000 $253,889 $0 0.00%
Home Improvement 14 $1,130,000 $80,714 $0 0.00%

For the 2021, Broadway National Bank's most frequently cited loan purpose of loans were Home Purchase, with 216 originations. The 2nd most popular reason of loans were Refi, with 106 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 437 $321,405,000 $735,481 $0 0.00%

For the 2021, Broadway National Bank's most frequently cited loan length of loans were Other, with 437 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 109 $31,895,000 $292,615 $0 0.00%
$100k-200k 88 $13,190,000 $149,886 $0 0.00%
$1MM+ 73 $192,955,000 $2,643,219 $0 0.00%
$400k-600k 69 $33,585,000 $486,739 $0 0.00%
$600k-1MM 63 $47,525,000 $754,365 $0 0.00%
$100,000 or less 35 $2,255,000 $64,429 $0 0.00%

2021 saw Broadway National Bank place emphasis on $200k-400k loans with 109 originations, totaling $31,895,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 159 $165,735,000 $1,042,358 $0 0.00%
$150k-250k 86 $37,610,000 $437,326 $0 0.00%
$100k-150k 63 $17,665,000 $280,397 $0 0.00%
$50k-75k 46 $7,470,000 $162,391 $0 0.00%
$75k-100k 38 $8,320,000 $218,947 $0 0.00%
$50k or less 17 $1,995,000 $117,353 $0 0.00%

Broadway National Bank lent most frequently to those with incomes in the $250k+ range, with 159 originations. The second most popular income band? $150k-250k, with 86 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 437 $321,405,000 $735,481 $0 0.00%

Broadway National Bank lent most frequently to those with DTI ratios of Exempt%, with 437 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 276 $148,380,000 $537,609 $0 0.00%
Not provided 129 $87,135,000 $675,465 $0 0.00%
Not applicable 11 $78,695,000 $7,154,091 $0 0.00%
Asian 9 $3,625,000 $402,778 $0 0.00%
Black 10 $2,100,000 $210,000 $0 0.00%
Asian Indian 2 $1,470,000 $735,000 $0 0.00%

Approval Rates

Total approvals of all applications
81.00%

Broadway National Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
57.56%

Broadway National 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 437 $321,405,000 $735,481

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
437 $321,405,000 $735,481

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Broadway National Bank 12589 Bandera Rd. Helotes, TX 78023 Full Service B&M $104,727
Broadway National Bank 1006 Fiorella Street Castroville, TX 78009 Full Service B&M $55,186
Broadway National Bank 1012 South Main Street Boerne, TX 78006 Full Service B&M $127,133
Broadway National Bank 1100 Mccullough Ave Ste. 100 San Antonio, TX 78212 Full Service B&M $147,931
Broadway National Bank 1177 Ne Loop 410 San Antonio, TX 78209 Limited, Mobile/Seasonal Office $0
Broadway National Bank 1177 Ne Loop 410 San Antonio, TX 78209 Full Service B&M $1,229,026
Broadway National Bank 12101 Bee Caves Rd Bee Cave, TX 78738 Full Service B&M $58,555
Broadway National Bank 233 19th Street Hondo, TX 78861 Full Service B&M $61,803
Broadway National Bank 23510 Wilderness Oak San Antonio, TX 78258 Full Service B&M $30,484
Broadway National Bank 24175 Ih-10 West San Antonio, TX 78257 Full Service B&M $109,363
Broadway National Bank 2840 Stanley Road Fort Sam Houston, TX 78234 Limited, Drive-thru $0
Broadway National Bank 320 East Us Highway 290 Dripping Springs, TX 78620 Full Service B&M $59,071
Broadway National Bank 3202 S.E. Military Drive San Antonio, TX 78223 Full Service B&M $61,255
Broadway National Bank 321 North Fm 1626 Buda, TX 78610 Full Service B&M $43,154
Broadway National Bank 3600 George C Beach Ave San Antonio, TX 78234 Limited, Drive-thru $0
Broadway National Bank 401 Austin Highway San Antonio, TX 78209 Full Service B&M $231,793
Broadway National Bank 4347 West Commerce Street San Antonio, TX 78237 Full Service B&M $41,077
Broadway National Bank 4917 Ravenswood Drive San Antonio, TX 78227 Limited, Mobile/Seasonal Office $0
Broadway National Bank 502 W. Loop 1604 N San Antonio, TX 78251 Full Service B&M $76,772
Broadway National Bank 5100 John D. Ryan Boulevard San Antonio, TX 78245 Limited, Mobile/Seasonal Office $0
Broadway National Bank 5557 Fm 3009 Schertz, TX 78154 Full Service B&M $168,807
Broadway National Bank 5809 Kyle Parkway Kyle, TX 78640 Full Service B&M $67,481
Broadway National Bank 620 Main Street Kerrville, TX 78028 Full Service B&M $164,554
Broadway National Bank 629 3rd St W Randolph Afb, TX 78150 Full Service B&M $63,720
Broadway National Bank 8056 Fredericksburg Road San Antonio, TX 78229 Full Service B&M $123,198
Broadway National Bank 911 W 38th St Austin, TX 78705 Full Service B&M $182,271
Broadway National Bank 13119 Huebner Road San Antonio, TX 78230 Full Service B&M $232,722
Broadway National Bank 13429 Nacogdoches Road San Antonio, TX 78217 Full Service B&M $106,756
Broadway National Bank 14710 Ranch Rd 12 Wimberley, TX 78676 Full Service B&M $56,986
Broadway National Bank 1475 East Court Street Seguin, TX 78155 Full Service B&M $82,770
Broadway National Bank 16767 Huebner Road San Antonio, TX 78248 Full Service B&M $93,700
Broadway National Bank 18700 Stone Oak Parkway San Antonio, TX 78258 Full Service B&M $155,447
Broadway National Bank 204 West Main Street Fredericksburg, TX 78624 Full Service B&M $68,495
Broadway National Bank 20440 Highway 46 West Spring Branch, TX 78070 Full Service B&M $153,082
Broadway National Bank 20710 U.S. 281 N. San Antonio, TX 78258 Full Service B&M $50,040
Broadway National Bank 2219 Common Street New Braunfels, TX 78130 Full Service B&M $97,239
Broadway National Bank 2302 Stanley Road San Antonio, TX 78234 Full Service B&M $108,319

For 2021, Broadway National Bank had 37 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $133,355
Net interest income $130,150
Total noninterest income $43,050
Gross Fiduciary activities income $18,178
Service charges on deposit accounts $7,747
Trading account gains and fees $0
Additional Noninterest Income $17,125
Pre-tax net operating income $51,664
Securities gains (or losses, -) $975
Income before extraordinary items $52,639
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $52,639
Minority interest net income $0
Net income $52,639
Sale, conversion, retirement of capital stock, net $0
Net operating income $51,664

Broadway National Bank's gross interest income from loans was $133,355,000.
Broadway National Bank's net interest income from loans was $130,150,000.
Broadway National Bank's fee based income from loans was $7,747,000.
Broadway National Bank's net income from loans was $52,639,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,205
Provision for credit losses $543
Total noninterest expense $120,993
Salaries and employee benefits $75,601
Premises and equipment expense $13,715
Additional noninterest expense $31,677
Applicable income taxes $0
Net charge-offs $1,228
Cash dividends $22,083

Broadway National Bank's interest expense for loans was $3,205,000.
Broadway National Bank's payroll and benefits expense were $75,601,000.
Broadway National Bank's property, plant and equipment expenses $13,715,000.

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 1.0%
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 $4,675,844
Deposits held in domestic offices $4,675,844
Deposits by Individuals, partnerships, and corporations $4,596,359
Deposits by U.S. Government $389
Deposits by States and political subdivisions in the U.S. $79,096
Deposits by Commercial banks and other depository institutions in U.S. $0
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $389,175
Demand deposits $213,238
Nontransaction accounts $4,286,669
Money market deposit accounts (MMDAs) $3,495,013
Other savings deposits (excluding MMDAs) $523,990
Total time deposits $267,666
Total time and savings deposits $4,462,606
Noninterest-bearing deposits $1,479,265
Interest-bearing deposits $3,196,579
Retail deposits $4,555,471
IRAs and Keogh plan accounts $28,193
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $5,237,447
Cash & Balances due from depository institutions $150,889
Interest-bearing balances $98,648
Total securities $2,396,868
Federal funds sold & reverse repurchase $0
Net loans and leases $2,424,974
Loan and leases loss allowance $27,871
Trading account assets $0
Bank premises and fixed assets $58,901
Other real estate owned $1,957
Goodwill and other intangibles $18,829
All other assets $185,029

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $5,237,447
Total Liabilities $4,771,748
Total deposits $4,675,844
Interest-bearing deposits $3,196,579
Deposits held in domestic offices $4,675,844
% insured (estimated) $45
Federal funds purchased and repurchase agreements $23,870
Trading liabilities $0
Other borrowed funds $25,000
Subordinated debt $0
All other liabilities $47,034

Issued Loan Types

Type Value (in 000's)
Net loans and leases $2,424,974
Loan and leases loss allowance $27,871
Total loans and leases (domestic) $2,452,845
All real estate loans $1,626,135
Real estate loans in domestic offices $1,626,135
Construction and development loans $311,942
Residential 1-4 family construction $59,391
Other construction, all land development and other land $252,551
Loans secured by nonfarm nonresidential properties $702,924
Nonfarm nonresidential secured by owner-occupied properties $298,382
Commercial real estate & other non-farm, non-residential $404,542
Multifamily residential real estate $19,746
1-4 family residential loans $588,657
Farmland loans $2,866
Loans held in foreign offices $0
Farm loans $320
Commercial and industrial loans $382,035
To non-U.S. addressees $0
Loans to individuals $172,822
Credit card loans $0
Related Plans $58,421
Consumer Auto Loans $67,907
Other loans to individuals $46,494
All other loans & leases $271,533
Loans to foreign governments and official institutions $0
Other loans $44,210
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 $1,240
Non 1-4 family restructured loans & leases $934
Total loans and leases (foreign) $0

Broadway National Bank had $2,424,974,000 of loans outstanding in 2021. $1,626,135,000 of loans were in real estate loans. $311,942,000 of loans were in development loans. $19,746,000 of loans were in multifamily mortgage loans. $588,657,000 of loans were in 1-4 family mortgage loans. $320,000 of loans were in farm loans. $0 of loans were in credit card loans. $67,907,000 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 306 $100,194 $327,431
Nonfarm, nonresidential loans - <$100k 9 $293 $32,556
Nonfarm, nonresidential loans - $100-250k 54 $6,210 $115,000
Nonfarm, nonresidential loans - $250k-1MM 243 $93,691 $385,560
Commercial & Industrial, US addressed loans - <$1MM 2,150 $147,656 $68,677
Commercial & Industrial, US addressed loans - <$100k 1,474 $29,947 $20,317
Commercial & Industrial, US addressed loans - $100-250k 325 $29,469 $90,674
Commercial & Industrial, US addressed loans - $250k-1MM 351 $88,240 $251,396
Farmland loans - <$1MM 1 $400 $400,000
Farmland loans - $250k-1MM 1 $400 $400,000
Agriculture operations loans - <$1MM 16 $320 $20,000
Agriculture operations loans - <$100k 15 $224 $14,933
Agriculture operations loans - $100-250k 1 $96 $96,000