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 and Refi loans. Texas Regional Bank has a high proportion of conventional loans. Their top markets by origination volume include: Mcallen, Austin, Brownsville, 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% | 12/16/24 |
| 30 Year Conventional Refi | 6.85% | 12/16/24 |
| 30 Year Cash-out Refi | 6.92% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 5.58% | 12/16/24 |
| 15 Year Conventional Purchase | 6.20% | 12/16/24 |
| 15 Year Conventional Refi | 5.64% | 12/16/24 |
| 15 Year Cash-out Refi | 5.64% | 12/16/24 |
| 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
178Origination Dollar Volume (All Markets)
$61,330,000Employee count
264Top 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) | 58 | $21,040,000 | $362,759 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 40 | $16,580,000 | $414,500 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 49 | $12,455,000 | $254,184 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 16 | $6,330,000 | $395,625 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $2,145,000 | $306,429 | $0 | 0.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $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 | 178 | $61,330,000 | $344,551 | $0 | 0.00% |
For 2019, Texas Regional Bank's most frequently originated type of loan was Conventional, with 178 originations.
Loan Reason
For 2019, Texas Regional Bank's most frequently cited loan purpose was Home Purchase, with 126 originations. The 2nd most popular reason was Refi, with 41 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 178 | $61,330,000 | $344,551 | $0 | 0.00% |
For 2019, Texas Regional Bank's most frequently cited loan duration was Other, with 178 originations.
Loan Sizing
2019 saw Texas Regional Bank place emphasis on $200k-400k loans with 71 originations, totaling $19,075,000 in origination value.
Applicant Income
Texas Regional Bank lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $150k-250k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 178 | $61,330,000 | $344,551 | $0 | 0.00% |
Texas Regional Bank lent most frequently to those with DTI ratios of Exempt%, with 178 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.86%
Texas Regional Bank has a below average approval rate.
Pick Rate
Approvals leading to origination69.66%
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 | 178 | $61,330,000 | $344,551 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Texas Regional Bank | 1213 Ranch Road 620 South Suite 100 Austin, TX 78734 | Full Service B&M | $10,550 |
| Texas Regional Bank | 15451 Ranch Rd 12 Wimberley, TX 78676 | Full Service B&M | $28,129 |
| Texas Regional Bank | 1801 South Mccoll Road Mcallen, TX 78503 | Full Service B&M | $159,476 |
| Texas Regional Bank | 2019 South 77 Sunshine Strip Harlingen, TX 78550 | Full Service B&M | $133,466 |
| Texas Regional Bank | 203 S.Jackson Road Edinburg, TX 78539 | Full Service B&M | $6,495 |
| Texas Regional Bank | 20475 Highway 46, Suite 360 Spring Branch, TX 78070 | Full Service B&M | $27,307 |
| Texas Regional Bank | 2300 East Griffin Pkwy Mission, TX 78572 | Full Service B&M | $49,630 |
| Texas Regional Bank | 310 Wonder World Drive, Suite 402 San Marcos, TX 78666 | Full Service B&M | $10,878 |
| Texas Regional Bank | 3275 Boca Chica Boulevard Brownsville, TX 78521 | Full Service B&M | $1,332 |
| Texas Regional Bank | 333 East Highway 290, Suite 350 Dripping Springs, TX 78620 | Full Service B&M | $5,900 |
| Texas Regional Bank | 3450 Pablo Kisel Boulevard Brownsville, TX 78526 | Full Service B&M | $59,806 |
| Texas Regional Bank | 400 North Westgate Drive Weslaco, TX 78596 | Full Service B&M | $25,336 |
| Texas Regional Bank | 401 North St. Mary Street Falfurrias, TX 78355 | Full Service B&M | $19,494 |
| Texas Regional Bank | 416 4th Street Blanco, TX 78606 | Full Service B&M | $84,100 |
| Texas Regional Bank | 4501 N 10th St Mcallen, TX 78504 | Full Service B&M | $96,255 |
| Texas Regional Bank | 4925 S. Mccoll Road Edinburg, TX 78539 | Full Service B&M | $48,436 |
| Texas Regional Bank | 5201 North 23 Street Mcallen, TX 78504 | Full Service B&M | $12,649 |
| Texas Regional Bank | 609 East Main Street Fredericksburg, TX 78624 | Full Service B&M | $35,511 |
| Texas Regional Bank | 6770 West Expressway 83 Harlingen, TX 78552 | Full Service B&M | $43,601 |
For 2019, Texas Regional Bank had 19 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $41,309 |
| Net interest income | $35,254 |
| Total noninterest income | $7,755 |
| Gross Fiduciary activities income | $2,382 |
| Service charges on deposit accounts | $1,608 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,765 |
| Pre-tax net operating income | $8,727 |
| Securities gains (or losses, -) | $1,673 |
| Income before extraordinary items | $8,311 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,311 |
| Minority interest net income | $0 |
| Net income | $8,311 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $6,972 |
Texas Regional Bank's gross interest income from loans was $41,309,000.
Texas Regional Bank's net interest income from loans was $35,254,000.
Texas Regional Bank's fee based income from loans was $1,608,000.
Texas Regional Bank's net income from loans was $8,311,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $6,055 |
| Provision for credit losses | $873 |
| Total noninterest expense | $33,409 |
| Salaries and employee benefits | $19,896 |
| Premises and equipment expense | $4,940 |
| Additional noninterest expense | $8,573 |
| Applicable income taxes | $2,089 |
| Net charge-offs | $207 |
| Cash dividends | $0 |
Texas Regional Bank's interest expense for loans was $6,055,000.
Texas Regional Bank's payroll and benefits expense were $19,896,000.
Texas Regional Bank's property, plant and equipment expenses $4,940,000.
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 | 6.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $903,998 |
| Deposits held in domestic offices | $903,998 |
| Deposits by Individuals, partnerships, and corporations | $854,909 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $49,090 |
| 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 | $115,281 |
| Demand deposits | $91,471 |
| Nontransaction accounts | $788,718 |
| Money market deposit accounts (MMDAs) | $179,375 |
| Other savings deposits (excluding MMDAs) | $407,900 |
| Total time deposits | $201,442 |
| Total time and savings deposits | $812,528 |
| Noninterest-bearing deposits | $324,736 |
| Interest-bearing deposits | $579,262 |
| Retail deposits | $822,466 |
| IRAs and Keogh plan accounts | $11,883 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,020,128 |
| Cash & Balances due from depository institutions | $52,967 |
| Interest-bearing balances | $4,986 |
| Total securities | $283,770 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $597,040 |
| Loan and leases loss allowance | $6,553 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $59,910 |
| Other real estate owned | $807 |
| Goodwill and other intangibles | $10,632 |
| All other assets | $15,002 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,020,128 |
| Total Liabilities | $909,901 |
| Total deposits | $903,998 |
| Interest-bearing deposits | $579,262 |
| Deposits held in domestic offices | $903,998 |
| % insured (estimated) | $69 |
| Federal funds purchased and repurchase agreements | $1,050 |
| Trading liabilities | $0 |
| Other borrowed funds | $647 |
| Subordinated debt | $0 |
| All other liabilities | $4,206 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $597,040 |
| Loan and leases loss allowance | $6,553 |
| Total loans and leases (domestic) | $603,593 |
| All real estate loans | $472,370 |
| Real estate loans in domestic offices | $472,370 |
| Construction and development loans | $106,087 |
| Residential 1-4 family construction | $22,497 |
| Other construction, all land development and other land | $83,590 |
| Loans secured by nonfarm nonresidential properties | $229,970 |
| Nonfarm nonresidential secured by owner-occupied properties | $97,767 |
| Commercial real estate & other non-farm, non-residential | $132,203 |
| Multifamily residential real estate | $28,912 |
| 1-4 family residential loans | $86,614 |
| Farmland loans | $20,787 |
| Loans held in foreign offices | $0 |
| Farm loans | $3,974 |
| Commercial and industrial loans | $99,894 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $10,389 |
| Credit card loans | $224 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,800 |
| Other loans to individuals | $8,365 |
| All other loans & leases | $16,967 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $16,967 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $22,617 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $4,433 |
| Non 1-4 family restructured loans & leases | $2,765 |
| Total loans and leases (foreign) | $0 |
Texas Regional Bank had $597,040,000 of loans outstanding in 2019. $472,370,000 of loans were in real estate loans. $106,087,000 of loans were in development loans. $28,912,000 of loans were in multifamily mortgage loans. $86,614,000 of loans were in 1-4 family mortgage loans. $3,974,000 of loans were in farm loans. $224,000 of loans were in credit card loans. $1,800,000 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 | 302 | $59,309 | $196,387 |
| Nonfarm, nonresidential loans - <$100k | 36 | $1,725 | $47,917 |
| Nonfarm, nonresidential loans - $100-250k | 104 | $12,475 | $119,952 |
| Nonfarm, nonresidential loans - $250k-1MM | 162 | $45,109 | $278,451 |
| Commercial & Industrial, US addressed loans - <$1MM | 760 | $67,259 | $88,499 |
| Commercial & Industrial, US addressed loans - <$100k | 523 | $14,685 | $28,078 |
| Commercial & Industrial, US addressed loans - $100-250k | 124 | $13,614 | $109,790 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 113 | $38,960 | $344,779 |
| Farmland loans - <$1MM | 47 | $5,815 | $123,723 |
| Farmland loans - <$100k | 18 | $996 | $55,333 |
| Farmland loans - $100-250k | 15 | $1,573 | $104,867 |
| Farmland loans - $250k-1MM | 14 | $3,246 | $231,857 |
| Agriculture operations loans - <$1MM | 43 | $2,061 | $47,930 |
| Agriculture operations loans - <$100k | 32 | $881 | $27,531 |
| Agriculture operations loans - $100-250k | 5 | $417 | $83,400 |
| Agriculture operations loans - $250k-1MM | 6 | $763 | $127,167 |