Texas Regional Bank Mortgage Rates, Fees & Info
McAllen, TXLEI: 254900GKRYTQSJG61D90
Tax ID: 74-2440392
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Mortgage Data
Bank Data
Review & 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 by origination volume include: Mcallen, Brownsville, Austin, San Antonio, and Fredericksburg among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Texas Regional 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.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.89% | 4/21/24 |
| 30 Year Conventional Refi | 6.85% | 4/21/24 |
| 30 Year Cash-out Refi | 6.92% | 4/21/24 |
| 30 Year FHA Purchase | 6.27% | 4/21/24 |
| 30 Year FHA Refi | 6.27% | 4/21/24 |
| 30 Year VA Purchase | 5.58% | 4/21/24 |
| 15 Year Conventional Purchase | 6.20% | 4/21/24 |
| 15 Year Conventional Refi | 5.64% | 4/21/24 |
| 15 Year Cash-out Refi | 5.64% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Texas Regional Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
148Origination Dollar Volume (All Markets)
$50,000,000Employee count
258Top 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 |
|---|---|---|---|---|---|
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 55 | $16,005,000 | $291,000 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 41 | $15,935,000 | $388,659 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 19 | $6,175,000 | $325,000 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $2,920,000 | $365,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 15 | $2,905,000 | $193,667 | $0 | 0.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 3 | $2,235,000 | $745,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $2,110,000 | $1,055,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| Raymondville, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Texas Regional Bank 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 147 | $49,825,000 | $338,946 | $0 | 0.00% |
| VA | 1 | $175,000 | $175,000 | $0 | 0.00% |
For 2018, Texas Regional Bank's most frequently originated type of loan was Conventional, with 147 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2018, Texas Regional Bank's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 148 | $50,000,000 | $337,838 | $0 | 0.00% |
For 2018, Texas Regional Bank's most frequently cited loan duration was Other, with 148 originations.
Loan Sizing
2018 saw Texas Regional Bank place emphasis on $100k-200k loans with 51 originations, totaling $7,545,000 in origination value.
Applicant Income
Texas Regional Bank lent most frequently to those with incomes in the $250k+ range, with 31 originations. The second most popular income band? $100k-150k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 148 | $50,000,000 | $337,838 | $0 | 0.00% |
Texas Regional Bank lent most frequently to those with DTI ratios of Exempt%, with 148 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.53%
Texas Regional Bank has a below average approval rate.
Pick Rate
Approvals leading to origination64.86%
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 | 148 | $50,000,000 | $337,838 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Texas Regional Bank | 15451 Ranch Rd 12 Wimberley, TX 78676 | Full Service B&M | $26,876 |
| Texas Regional Bank | 1801 South Mccoll Road Mcallen, TX 78503 | Full Service B&M | $154,303 |
| Texas Regional Bank | 1913 Dutton Drive San Marcos, TX 78666 | Full Service B&M | $13,712 |
| Texas Regional Bank | 2019 South 77 Sunshine Strip Harlingen, TX 78550 | Full Service B&M | $119,462 |
| Texas Regional Bank | 203 S.Jackson Road Edinburg, TX 78539 | Full Service B&M | $2,812 |
| Texas Regional Bank | 20475 Highway 46, Suite 360 Spring Branch, TX 78070 | Full Service B&M | $26,642 |
| Texas Regional Bank | 2300 East Griffin Pkwy Mission, TX 78572 | Full Service B&M | $38,691 |
| Texas Regional Bank | 333 East Highway 290 Dripping Springs, TX 78620 | Full Service B&M | $2,325 |
| Texas Regional Bank | 3450 Pablo Kisel Boulevard Brownsville, TX 78526 | Full Service B&M | $59,076 |
| Texas Regional Bank | 400 North Westgate Drive Weslaco, TX 78596 | Full Service B&M | $18,049 |
| Texas Regional Bank | 401 North St. Mary Street Falfurrias, TX 78355 | Full Service B&M | $17,830 |
| Texas Regional Bank | 416 4th Street Blanco, TX 78606 | Full Service B&M | $85,451 |
| Texas Regional Bank | 4501 N 10th St Mcallen, TX 78504 | Full Service B&M | $90,382 |
| Texas Regional Bank | 4925 S. Mccoll Road Edinburg, TX 78539 | Full Service B&M | $50,170 |
| Texas Regional Bank | 5201 North 23 Street Mcallen, TX 78504 | Full Service B&M | $17,085 |
| Texas Regional Bank | 609 East Main Street Fredericksburg, TX 78624 | Full Service B&M | $32,000 |
| Texas Regional Bank | 6770 West Expressway 83 Harlingen, TX 78552 | Full Service B&M | $3,994 |
For 2018, Texas Regional Bank had 17 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $36,124 |
| Net interest income | $31,951 |
| Total noninterest income | $7,021 |
| Gross Fiduciary activities income | $2,204 |
| Service charges on deposit accounts | $1,237 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,580 |
| Pre-tax net operating income | $7,729 |
| Securities gains (or losses, -) | $29 |
| Income before extraordinary items | $6,384 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $6,384 |
| Minority interest net income | $0 |
| Net income | $6,384 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $6,360 |
Texas Regional Bank's gross interest income from loans was $36,124,000.
Texas Regional Bank's net interest income from loans was $31,951,000.
Texas Regional Bank's fee based income from loans was $1,237,000.
Texas Regional Bank's net income from loans was $6,384,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,173 |
| Provision for credit losses | $1,336 |
| Total noninterest expense | $29,907 |
| Salaries and employee benefits | $18,088 |
| Premises and equipment expense | $3,794 |
| Additional noninterest expense | $8,025 |
| Applicable income taxes | $1,374 |
| Net charge-offs | $467 |
| Cash dividends | $0 |
Texas Regional Bank's interest expense for loans was $4,173,000.
Texas Regional Bank's payroll and benefits expense were $18,088,000.
Texas Regional Bank's property, plant and equipment expenses $3,794,000.
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 | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 4.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $776,224 |
| Deposits held in domestic offices | $776,224 |
| Deposits by Individuals, partnerships, and corporations | $736,787 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $39,183 |
| Deposits by Commercial banks and other depository institutions in U.S. | $255 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $95,581 |
| Demand deposits | $79,801 |
| Nontransaction accounts | $680,644 |
| Money market deposit accounts (MMDAs) | $150,944 |
| Other savings deposits (excluding MMDAs) | $343,972 |
| Total time deposits | $185,727 |
| Total time and savings deposits | $696,424 |
| Noninterest-bearing deposits | $251,519 |
| Interest-bearing deposits | $524,705 |
| Retail deposits | $704,152 |
| IRAs and Keogh plan accounts | $10,580 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $890,960 |
| Cash & Balances due from depository institutions | $24,490 |
| Interest-bearing balances | $557 |
| Total securities | $249,490 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $533,274 |
| Loan and leases loss allowance | $5,887 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $54,124 |
| Other real estate owned | $907 |
| Goodwill and other intangibles | $10,893 |
| All other assets | $17,782 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $890,960 |
| Total Liabilities | $793,383 |
| Total deposits | $776,224 |
| Interest-bearing deposits | $524,705 |
| Deposits held in domestic offices | $776,224 |
| % insured (estimated) | $73 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $11,799 |
| Subordinated debt | $0 |
| All other liabilities | $5,360 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $533,274 |
| Loan and leases loss allowance | $5,887 |
| Total loans and leases (domestic) | $539,161 |
| All real estate loans | $414,631 |
| Real estate loans in domestic offices | $414,631 |
| Construction and development loans | $93,903 |
| Residential 1-4 family construction | $20,902 |
| Other construction, all land development and other land | $73,001 |
| Loans secured by nonfarm nonresidential properties | $198,069 |
| Nonfarm nonresidential secured by owner-occupied properties | $73,936 |
| Commercial real estate & other non-farm, non-residential | $124,133 |
| Multifamily residential real estate | $21,485 |
| 1-4 family residential loans | $83,780 |
| Farmland loans | $17,394 |
| Loans held in foreign offices | $0 |
| Farm loans | $5,452 |
| Commercial and industrial loans | $103,022 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $11,458 |
| Credit card loans | $256 |
| Related Plans | $0 |
| Consumer Auto Loans | $2,165 |
| Other loans to individuals | $9,037 |
| All other loans & leases | $4,926 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $4,709 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $22,845 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $4,303 |
| Non 1-4 family restructured loans & leases | $2,254 |
| Total loans and leases (foreign) | $0 |
Texas Regional Bank had $533,274,000 of loans outstanding in 2018. $414,631,000 of loans were in real estate loans. $93,903,000 of loans were in development loans. $21,485,000 of loans were in multifamily mortgage loans. $83,780,000 of loans were in 1-4 family mortgage loans. $5,452,000 of loans were in farm loans. $256,000 of loans were in credit card loans. $2,165,000 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 | 293 | $77,808 | $265,556 |
| Nonfarm, nonresidential loans - <$100k | 33 | $1,552 | $47,030 |
| Nonfarm, nonresidential loans - $100-250k | 106 | $12,468 | $117,623 |
| Nonfarm, nonresidential loans - $250k-1MM | 154 | $63,788 | $414,208 |
| Commercial & Industrial, US addressed loans - <$1MM | 698 | $59,109 | $84,683 |
| Commercial & Industrial, US addressed loans - <$100k | 483 | $13,233 | $27,398 |
| Commercial & Industrial, US addressed loans - $100-250k | 116 | $11,942 | $102,948 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 99 | $33,934 | $342,768 |
| Farmland loans - <$1MM | 44 | $3,470 | $78,864 |
| Farmland loans - <$100k | 19 | $887 | $46,684 |
| Farmland loans - $100-250k | 13 | $1,222 | $94,000 |
| Farmland loans - $250k-1MM | 12 | $1,361 | $113,417 |
| Agriculture operations loans - <$1MM | 37 | $2,679 | $72,405 |
| Agriculture operations loans - <$100k | 28 | $696 | $24,857 |
| Agriculture operations loans - $100-250k | 5 | $744 | $148,800 |
| Agriculture operations loans - $250k-1MM | 4 | $1,239 | $309,750 |