Broadway National Bank Mortgage Rates, Fees & Info

San Antonio, TX

LEI: RA4FKR1AA05ZK88M8034

Tax ID: 74-0526885

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Mortgage Data

Bank Data

Review & Overview

Broadway National Bank is a smaller bank specializing in Home Purchase loans. Broadway National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: San Antonio, Austin, Dallas, Heber, and Corpus Christi among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

Broadway National Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

284

Origination Dollar Volume (All Markets)

$124,240,000

Employee count

642

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
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 187 $69,455,000 $371,417 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 64 $40,180,000 $627,813 $0 0.00%
Outside of Metro Areas 7 $3,085,000 $440,714 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $2,275,000 $758,333 $0 0.00%
Heber, UT (FHA|USDA|VA) 1 $2,205,000 $2,205,000 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 5 $1,735,000 $347,000 $0 0.00%
Fredericksburg, TX (FHA|USDA|VA) 3 $1,145,000 $381,667 $0 0.00%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $1,025,000 $1,025,000 $0 0.00%
Brownwood, TX (FHA|USDA|VA) 1 $905,000 $905,000 $0 0.00%
VICTORIA, TX (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
Pearsall, TX (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
Kerrville, TX (FHA|USDA|VA) 4 $330,000 $82,500 $0 0.00%
Rockport, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
HARRISONBURG, VA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
AMARILLO, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Broadway National Bank's top markets include San Antonio, Austin, Dallas, Heber, and Corpus Christi among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 277 $122,765,000 $443,195 $0 0.00%
    FHA 5 $945,000 $189,000 $0 0.00%
    VA 2 $530,000 $265,000 $0 0.00%

    For 2018, Broadway National Bank's most frequently originated type of loan was Conventional, with 277 originations. Their 2nd most popular type was FHA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 197 $99,535,000 $505,254 $0 0.00%
    Refi 40 $9,370,000 $234,250 $0 0.00%
    Cash Out Refi 26 $13,920,000 $535,385 $0 0.00%
    Other 12 $880,000 $73,333 $0 0.00%
    Home Improvement 9 $535,000 $59,444 $0 0.00%

    For 2018, Broadway National Bank's most frequently cited loan purpose was Home Purchase, with 197 originations. The 2nd most popular reason was Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 284 $124,240,000 $437,465 $0 0.00%

    For 2018, Broadway National Bank's most frequently cited loan duration was Other, with 284 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 74 $22,180,000 $299,730 $0 0.00%
    $100k-200k 67 $9,355,000 $139,627 $0 0.00%
    $600k-1MM 45 $34,395,000 $764,333 $0 0.00%
    $100,000 or less 40 $2,390,000 $59,750 $0 0.00%
    $400k-600k 32 $15,400,000 $481,250 $0 0.00%
    $1MM+ 26 $40,520,000 $1,558,462 $0 0.00%

    2018 saw Broadway National Bank place emphasis on $200k-400k loans with 74 originations, totaling $22,180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 117 $84,995,000 $726,453 $0 0.00%
    $150k-250k 46 $18,410,000 $400,217 $0 0.00%
    $100k-150k 40 $10,170,000 $254,250 $0 0.00%
    $50k-75k 30 $3,980,000 $132,667 $0 0.00%
    $50k or less 29 $2,825,000 $97,414 $0 0.00%
    $75k-100k 17 $2,955,000 $173,824 $0 0.00%

    Broadway National Bank lent most frequently to those with incomes in the $250k+ range, with 117 originations. The second most popular income band? $150k-250k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 284 $124,240,000 $437,465 $0 0.00%

    Broadway National Bank lent most frequently to those with DTI ratios of Exempt%, with 284 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 159 $68,525,000 $430,975 $0 0.00%
    Not provided 112 $50,080,000 $447,143 $0 0.00%
    American Indian 3 $1,955,000 $651,667 $0 0.00%
    Asian 2 $1,590,000 $795,000 $0 0.00%
    Filipino 2 $980,000 $490,000 $0 0.00%
    Black 4 $530,000 $132,500 $0 0.00%
    Korean 1 $315,000 $315,000 $0 0.00%
    Not applicable 1 $265,000 $265,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    77.72%

    Broadway National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    55.99%

    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 284 $124,240,000 $437,465

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 284 $124,240,000 $437,465

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Baird Home Corporation Other type of mortgage Struggling to pay mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Broadway National Bank 1006 Fiorella Street Castroville, TX 78009 Full Service B&M $42,872
    Broadway National Bank 1012 South Main Street Boerne, TX 78006 Full Service B&M $85,516
    Broadway National Bank 1100 Mccullough Ave Ste. 100 San Antonio, TX 78212 Full Service B&M $106,003
    Broadway National Bank 1177 N.E. Loop 410 San Antonio, TX 78209 Full Service B&M $806,670
    Broadway National Bank 1177 Ne Loop 410 San Antonio, TX 78209 Limited, Mobile/Seasonal Office $0
    Broadway National Bank 12101 Bee Caves Rd Bee Cave, TX 78738 Full Service B&M $23,225
    Broadway National Bank 12589 Bandera Rd. Helotes, TX 78023 Full Service B&M $75,438
    Broadway National Bank 13119 Huebner Road San Antonio, TX 78230 Full Service B&M $172,065
    Broadway National Bank 13429 Nacogdoches Road San Antonio, TX 78217 Full Service B&M $76,929
    Broadway National Bank 13432 San Pedro San Antonio, TX 78216 Full Service B&M $63,731
    Broadway National Bank 14710 Ranch Rd 12 Wimberley, TX 78676 Full Service B&M $33,850
    Broadway National Bank 1475 East Court Street Seguin, TX 78155 Full Service B&M $73,950
    Broadway National Bank 16767 Huebner Road San Antonio, TX 78248 Full Service B&M $74,200
    Broadway National Bank 18700 Stone Oak Parkway San Antonio, TX 78258 Full Service B&M $97,015
    Broadway National Bank 204 West Main Street Fredericksburg, TX 78624 Full Service B&M $47,897
    Broadway National Bank 20440 Highway 46 West Spring Branch, TX 78070 Full Service B&M $112,940
    Broadway National Bank 20710 U.S. 281 N. San Antonio, TX 78258 Full Service B&M $32,520
    Broadway National Bank 2219 Common Street New Braunfels, TX 78130 Full Service B&M $52,095
    Broadway National Bank 2302 Stanley Road San Antonio, TX 78234 Full Service B&M $89,497
    Broadway National Bank 233 19th Street Hondo, TX 78861 Full Service B&M $37,882
    Broadway National Bank 23510 Wilderness Oak San Antonio, TX 78258 Full Service B&M $21,812
    Broadway National Bank 24175 Ih-10 West San Antonio, TX 78257 Full Service B&M $72,505
    Broadway National Bank 2840 Stanley Road Fort Sam Houston, TX 78234 Limited, Drive-thru $0
    Broadway National Bank 301 North C M Allen Parkway San Marcos, TX 78666 Full Service B&M $38,025
    Broadway National Bank 320 East Us Highway 290 Dripping Springs, TX 78620 Full Service B&M $35,790
    Broadway National Bank 3202 S.E. Military Drive San Antonio, TX 78223 Full Service B&M $57,403
    Broadway National Bank 321 North Fm 1626 Buda, TX 78610 Full Service B&M $22,774
    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 $202,837
    Broadway National Bank 4347 West Commerce Street San Antonio, TX 78237 Full Service B&M $22,253
    Broadway National Bank 4917 Ravenswood Drive San Antonio, TX 78227 Limited, Mobile/Seasonal Office $0
    Broadway National Bank 500 Main Street Kerrville, TX 78028 Full Service B&M $85,432
    Broadway National Bank 502 W. Loop 1604 N San Antonio, TX 78251 Full Service B&M $18,553
    Broadway National Bank 506 Congress Avenue Austin, TX 78701 Full Service B&M $20,881
    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 $114,231
    Broadway National Bank 5809 Kyle Parkway Kyle, TX 78640 Full Service B&M $22,695
    Broadway National Bank 629 3rd St W Randolph Afb, TX 78150 Full Service B&M $61,130
    Broadway National Bank 7576 Culebra Road San Antonio, TX 78251 Full Service B&M $32,662
    Broadway National Bank 8056 Fredericksburg Road San Antonio, TX 78229 Full Service B&M $98,067
    Broadway National Bank 911 W 38th St Austin, TX 78705 Full Service B&M $51,560

    For 2018, Broadway National Bank had 41 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $126,162
    Net interest income $113,455
    Total noninterest income $36,415
    Gross Fiduciary activities income $13,751
    Service charges on deposit accounts $10,060
    Trading account gains and fees $0
    Additional Noninterest Income $12,604
    Pre-tax net operating income $43,981
    Securities gains (or losses, -) $20
    Income before extraordinary items $44,001
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $44,001
    Minority interest net income $0
    Net income $44,001
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $43,981

    Broadway National Bank's gross interest income from loans was $126,162,000.
    Broadway National Bank's net interest income from loans was $113,455,000.
    Broadway National Bank's fee based income from loans was $10,060,000.
    Broadway National Bank's net income from loans was $44,001,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,707
    Provision for credit losses $2,330
    Total noninterest expense $103,559
    Salaries and employee benefits $64,617
    Premises and equipment expense $13,698
    Additional noninterest expense $25,244
    Applicable income taxes $0
    Net charge-offs $2,177
    Cash dividends $20,494

    Broadway National Bank's interest expense for loans was $12,707,000.
    Broadway National Bank's payroll and benefits expense were $64,617,000.
    Broadway National Bank's property, plant and equipment expenses $13,698,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    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 $3,147,601
    Deposits held in domestic offices $3,147,601
    Deposits by Individuals, partnerships, and corporations $3,088,219
    Deposits by U.S. Government $586
    Deposits by States and political subdivisions in the U.S. $58,796
    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 $293,088
    Demand deposits $160,195
    Nontransaction accounts $2,854,513
    Money market deposit accounts (MMDAs) $2,332,477
    Other savings deposits (excluding MMDAs) $268,118
    Total time deposits $253,918
    Total time and savings deposits $2,987,406
    Noninterest-bearing deposits $841,898
    Interest-bearing deposits $2,305,703
    Retail deposits $3,054,255
    IRAs and Keogh plan accounts $27,458
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,653,723
    Cash & Balances due from depository institutions $102,357
    Interest-bearing balances $49,307
    Total securities $1,272,674
    Federal funds sold & reverse repurchase $2
    Net loans and leases $2,057,701
    Loan and leases loss allowance $18,802
    Trading account assets $0
    Bank premises and fixed assets $63,117
    Other real estate owned $1,530
    Goodwill and other intangibles $18,829
    All other assets $137,513

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,653,723
    Total Liabilities $3,268,100
    Total deposits $3,147,601
    Interest-bearing deposits $2,305,703
    Deposits held in domestic offices $3,147,601
    % insured (estimated) $49
    Federal funds purchased and repurchase agreements $82,064
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $38,435

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,057,701
    Loan and leases loss allowance $18,802
    Total loans and leases (domestic) $2,076,503
    All real estate loans $1,336,988
    Real estate loans in domestic offices $1,336,988
    Construction and development loans $182,571
    Residential 1-4 family construction $48,313
    Other construction, all land development and other land $134,258
    Loans secured by nonfarm nonresidential properties $573,322
    Nonfarm nonresidential secured by owner-occupied properties $252,578
    Commercial real estate & other non-farm, non-residential $320,744
    Multifamily residential real estate $136,305
    1-4 family residential loans $439,793
    Farmland loans $4,997
    Loans held in foreign offices $0
    Farm loans $832
    Commercial and industrial loans $254,614
    To non-U.S. addressees $0
    Loans to individuals $135,494
    Credit card loans $0
    Related Plans $45,611
    Consumer Auto Loans $45,968
    Other loans to individuals $43,915
    All other loans & leases $348,576
    Loans to foreign governments and official institutions $0
    Other loans $31,787
    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 $10,991
    Non 1-4 family restructured loans & leases $10,649
    Total loans and leases (foreign) $0

    Broadway National Bank had $2,057,701,000 of loans outstanding in 2018. $1,336,988,000 of loans were in real estate loans. $182,571,000 of loans were in development loans. $136,305,000 of loans were in multifamily mortgage loans. $439,793,000 of loans were in 1-4 family mortgage loans. $832,000 of loans were in farm loans. $0 of loans were in credit card loans. $45,968,000 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 353 $100,534 $284,799
    Nonfarm, nonresidential loans - <$100k 16 $682 $42,625
    Nonfarm, nonresidential loans - $100-250k 80 $8,207 $102,588
    Nonfarm, nonresidential loans - $250k-1MM 257 $91,645 $356,595
    Commercial & Industrial, US addressed loans - <$1MM 2,101 $118,032 $56,179
    Commercial & Industrial, US addressed loans - <$100k 1,574 $29,704 $18,872
    Commercial & Industrial, US addressed loans - $100-250k 270 $24,191 $89,596
    Commercial & Industrial, US addressed loans - $250k-1MM 257 $64,137 $249,560
    Farmland loans - <$1MM 5 $822 $164,400
    Farmland loans - <$100k 1 $63 $63,000
    Farmland loans - $100-250k 2 $258 $129,000
    Farmland loans - $250k-1MM 2 $501 $250,500
    Agriculture operations loans - <$1MM 19 $832 $43,789
    Agriculture operations loans - <$100k 16 $305 $19,063
    Agriculture operations loans - $100-250k 2 $208 $104,000
    Agriculture operations loans - $250k-1MM 1 $319 $319,000