Those leaves don't look like the mistletoe we have and that I see around Arkansas.
Mistletoe is a parasite plant and has round to slightly ovate leaves that are thick and leathery, the berries form in clusters not single blooms.
Usually in a tree that has mistletoe you will find several plants infesting the tree, the birds eat the white berries and wipe their beaks on a branch to get the sticky seeds off, that is how it spreads, the new seeds that
land in a crack in the bark or even a deep furrow will germinate.
Those look more like live oak or pin oak leaves and the swelling bud like areas are probably female flowers that will turn into acorns.
The photo appears to be from a nice, healthy tree, I don't see any signs of any diseases trying to take hold.
Redhawk