Texas Regional Bank Mortgage Rates, Fees & Info

McAllen, TX

LEI: 254900GKRYTQSJG61D90

Tax ID: 74-2440392

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Texas Regional Bank is a smaller bank specializing in Home Purchase loans. Texas Regional Bank has a high proportion of conventional loans. Their top markets include Austin, Mcallen, Brownsville, San Antonio, and Fredericksburg among others. Texas Regional Bank has an above 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

309

Origination Dollar Volume (All Markets)

$109,995,000

Employee count

298

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 55 $26,295,000 $478,091 $0 0.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 90 $25,410,000 $282,333 $0 0.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 78 $17,560,000 $225,128 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 34 $15,220,000 $447,647 $0 0.00%
Outside of Metro Areas 20 $14,340,000 $717,000 $0 0.00%
Fredericksburg, TX (FHA|USDA|VA) 11 $4,305,000 $391,364 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $2,010,000 $502,500 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $1,165,000 $388,333 $0 0.00%
Glenwood Springs, CO (FHA|USDA|VA) 1 $995,000 $995,000 $0 0.00%
Rockport, TX (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $360,000 $180,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $345,000 $115,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
WACO, TX (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
Raymondville, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
LAREDO, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%

Texas Regional Bank's top markets include Austin, Mcallen, Brownsville, San Antonio, and Fredericksburg among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 307 $109,325,000 $356,107 $0 0.00%
VA 2 $670,000 $335,000 $0 0.00%

For the 2021 period, Texas Regional Bank's most frequently originated loan type of loans were Conventional, with 307 originations. Their 2nd most popular type is VA, with 2 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 187 $77,655,000 $415,267 $0 0.00%
Refi 77 $20,055,000 $260,455 $0 0.00%
Cash Out Refi 38 $10,540,000 $277,368 $0 0.00%
Other 6 $1,630,000 $271,667 $0 0.00%
Home Improvement 1 $115,000 $115,000 $0 0.00%

For the 2021, Texas Regional Bank's most frequently cited loan purpose of loans were Home Purchase, with 187 originations. The 2nd most popular reason of loans were Refi, with 77 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 309 $109,995,000 $355,971 $0 0.00%

For the 2021, Texas Regional Bank's most frequently cited loan length of loans were Other, with 309 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 114 $32,240,000 $282,807 $0 0.00%
$100k-200k 84 $13,130,000 $156,310 $0 0.00%
$400k-600k 48 $23,940,000 $498,750 $0 0.00%
$100,000 or less 27 $2,175,000 $80,556 $0 0.00%
$600k-1MM 19 $14,095,000 $741,842 $0 0.00%
$1MM+ 17 $24,415,000 $1,436,176 $0 0.00%

2021 saw Texas Regional Bank place emphasis on $200k-400k loans with 114 originations, totaling $32,240,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 63 $35,225,000 $559,127 $0 0.00%
$150k-250k 55 $19,465,000 $353,909 $0 0.00%
$100k-150k 54 $14,530,000 $269,074 $0 0.00%
$75k-100k 36 $9,140,000 $253,889 $0 0.00%
$50k-75k 31 $5,805,000 $187,258 $0 0.00%
$50k or less 16 $1,760,000 $110,000 $0 0.00%

Texas Regional Bank lent most frequently to those with incomes in the $250k+ range, with 63 originations. The second most popular income band? $150k-250k, with 55 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 309 $109,995,000 $355,971 $0 0.00%

Texas Regional Bank lent most frequently to those with DTI ratios of Exempt%, with 309 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 249 $80,405,000 $322,912 $0 0.00%
Not applicable 42 $21,180,000 $504,286 $0 0.00%
Not provided 9 $6,285,000 $698,333 $0 0.00%
Black 3 $975,000 $325,000 $0 0.00%
Asian 4 $810,000 $202,500 $0 0.00%
American Indian 2 $340,000 $170,000 $0 0.00%

Approval Rates

Total approvals of all applications
90.26%

Texas Regional Bank has an average approval rate.

Pick Rate

Approvals leading to origination
69.52%

Texas Regional 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 309 $109,995,000 $355,971

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
309 $109,995,000 $355,971

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Texas Regional Bank 0500 West Business Highway 77 Suite 101 San Benito, TX 78586 Full Service B&M $1,293
Texas Regional Bank 15451 Ranch Rd 12 Wimberley, TX 78676 Full Service B&M $34,166
Texas Regional Bank 1801 South Mccoll Road Mcallen, TX 78503 Full Service B&M $201,856
Texas Regional Bank 2019 South 77 Sunshine Strip Harlingen, TX 78550 Full Service B&M $176,950
Texas Regional Bank 203 S.Jackson Road Edinburg, TX 78539 Full Service B&M $33,159
Texas Regional Bank 20475 Highway 46, Suite 360 Spring Branch, TX 78070 Full Service B&M $40,162
Texas Regional Bank 206 East Main Street Johnson City, TX 78636 Full Service B&M $13,349
Texas Regional Bank 2300 East Griffin Pkwy Mission, TX 78572 Full Service B&M $73,886
Texas Regional Bank 310 Wonder World Drive, Suite 402 San Marcos, TX 78666 Full Service B&M $53,166
Texas Regional Bank 3275 Boca Chica Boulevard Brownsville, TX 78521 Full Service B&M $9,776
Texas Regional Bank 3450 Pablo Kisel Boulevard Brownsville, TX 78526 Full Service B&M $66,774
Texas Regional Bank 3944 Ranch Road 620 South Bee Cave, TX 78738 Full Service B&M $21,590
Texas Regional Bank 400 North Westgate Drive Weslaco, TX 78596 Full Service B&M $33,364
Texas Regional Bank 401 North St. Mary Street Falfurrias, TX 78355 Full Service B&M $31,462
Texas Regional Bank 416 4th Street Blanco, TX 78606 Full Service B&M $119,419
Texas Regional Bank 4501 N 10th St Mcallen, TX 78504 Full Service B&M $108,068
Texas Regional Bank 4925 S. Mccoll Road Edinburg, TX 78539 Full Service B&M $61,236
Texas Regional Bank 5201 North 23 Street Mcallen, TX 78504 Full Service B&M $15,919
Texas Regional Bank 609 East Main Street Fredericksburg, TX 78624 Full Service B&M $45,801
Texas Regional Bank 6770 West Interstate 2 Harlingen, TX 78552 Full Service B&M $348,828
Texas Regional Bank 700 West Highway 290 Dripping Springs, TX 78620 Full Service B&M $37,997

For 2021, Texas Regional Bank had 21 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $55,340
Net interest income $51,751
Total noninterest income $12,199
Gross Fiduciary activities income $2,985
Service charges on deposit accounts $1,461
Trading account gains and fees $0
Additional Noninterest Income $7,753
Pre-tax net operating income $19,653
Securities gains (or losses, -) $5,335
Income before extraordinary items $20,279
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $20,279
Minority interest net income $0
Net income $20,279
Sale, conversion, retirement of capital stock, net $0
Net operating income $15,957

Texas Regional Bank's gross interest income from loans was $55,340,000.
Texas Regional Bank's net interest income from loans was $51,751,000.
Texas Regional Bank's fee based income from loans was $1,461,000.
Texas Regional Bank's net income from loans was $20,279,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,589
Provision for credit losses $447
Total noninterest expense $43,850
Salaries and employee benefits $26,235
Premises and equipment expense $5,964
Additional noninterest expense $11,651
Applicable income taxes $4,709
Net charge-offs $125
Cash dividends $0

Texas Regional Bank's interest expense for loans was $3,589,000.
Texas Regional Bank's payroll and benefits expense were $26,235,000.
Texas Regional Bank's property, plant and equipment expenses $5,964,000.

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 $1,784,410
Deposits held in domestic offices $1,784,410
Deposits by Individuals, partnerships, and corporations $1,337,326
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $447,084
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 $214,614
Demand deposits $183,655
Nontransaction accounts $1,569,796
Money market deposit accounts (MMDAs) $342,821
Other savings deposits (excluding MMDAs) $858,198
Total time deposits $368,777
Total time and savings deposits $1,600,755
Noninterest-bearing deposits $676,092
Interest-bearing deposits $1,108,318
Retail deposits $1,532,301
IRAs and Keogh plan accounts $10,930
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,961,754
Cash & Balances due from depository institutions $246,258
Interest-bearing balances $2,963
Total securities $833,926
Federal funds sold & reverse repurchase $0
Net loans and leases $776,642
Loan and leases loss allowance $9,354
Trading account assets $0
Bank premises and fixed assets $67,455
Other real estate owned $415
Goodwill and other intangibles $10,164
All other assets $26,894

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,961,754
Total Liabilities $1,793,741
Total deposits $1,784,410
Interest-bearing deposits $1,108,318
Deposits held in domestic offices $1,784,410
% insured (estimated) $48
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $324
Subordinated debt $0
All other liabilities $9,007

Issued Loan Types

Type Value (in 000's)
Net loans and leases $776,642
Loan and leases loss allowance $9,354
Total loans and leases (domestic) $785,996
All real estate loans $630,217
Real estate loans in domestic offices $630,217
Construction and development loans $164,697
Residential 1-4 family construction $28,491
Other construction, all land development and other land $136,206
Loans secured by nonfarm nonresidential properties $274,373
Nonfarm nonresidential secured by owner-occupied properties $124,457
Commercial real estate & other non-farm, non-residential $149,916
Multifamily residential real estate $41,785
1-4 family residential loans $122,700
Farmland loans $26,662
Loans held in foreign offices $0
Farm loans $3,877
Commercial and industrial loans $139,957
To non-U.S. addressees $0
Loans to individuals $11,587
Credit card loans $277
Related Plans $0
Consumer Auto Loans $1,526
Other loans to individuals $9,784
All other loans & leases $358
Loans to foreign governments and official institutions $0
Other loans $258
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $40,160
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $864
Non 1-4 family restructured loans & leases $627
Total loans and leases (foreign) $0

Texas Regional Bank had $776,642,000 of loans outstanding in 2021. $630,217,000 of loans were in real estate loans. $164,697,000 of loans were in development loans. $41,785,000 of loans were in multifamily mortgage loans. $122,700,000 of loans were in 1-4 family mortgage loans. $3,877,000 of loans were in farm loans. $277,000 of loans were in credit card loans. $1,526,000 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 310 $89,564 $288,916
Nonfarm, nonresidential loans - <$100k 33 $1,530 $46,364
Nonfarm, nonresidential loans - $100-250k 98 $14,287 $145,786
Nonfarm, nonresidential loans - $250k-1MM 179 $73,747 $411,994
Commercial & Industrial, US addressed loans - <$1MM 932 $72,632 $77,931
Commercial & Industrial, US addressed loans - <$100k 616 $14,948 $24,266
Commercial & Industrial, US addressed loans - $100-250k 155 $14,004 $90,348
Commercial & Industrial, US addressed loans - $250k-1MM 161 $43,680 $271,304
Farmland loans - <$1MM 24 $3,079 $128,292
Farmland loans - <$100k 7 $336 $48,000
Farmland loans - $100-250k 12 $1,356 $113,000
Farmland loans - $250k-1MM 5 $1,387 $277,400
Agriculture operations loans - <$1MM 30 $1,351 $45,033
Agriculture operations loans - <$100k 22 $377 $17,136
Agriculture operations loans - $100-250k 3 $364 $121,333
Agriculture operations loans - $250k-1MM 5 $610 $122,000