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: Austin, Mcallen, Brownsville, San Antonio, and Fredericksburg among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Texas Regional Bank has an above 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% | 4/28/24 |
| 30 Year Conventional Refi | 6.85% | 4/28/24 |
| 30 Year Cash-out Refi | 6.92% | 4/28/24 |
| 30 Year FHA Purchase | 6.27% | 4/28/24 |
| 30 Year FHA Refi | 6.27% | 4/28/24 |
| 30 Year VA Purchase | 5.58% | 4/28/24 |
| 15 Year Conventional Purchase | 6.20% | 4/28/24 |
| 15 Year Conventional Refi | 5.64% | 4/28/24 |
| 15 Year Cash-out Refi | 5.64% | 4/28/24 |
| 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
309Origination Dollar Volume (All Markets)
$109,995,000Employee count
298Top 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 |
|---|---|---|---|---|---|
| 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% |
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 | 307 | $109,325,000 | $356,107 | $0 | 0.00% |
| VA | 2 | $670,000 | $335,000 | $0 | 0.00% |
For 2021, Texas Regional Bank's most frequently originated type of loan was Conventional, with 307 originations. Their 2nd most popular type was VA, with 2 originations.
Loan Reason
For 2021, Texas Regional Bank's most frequently cited loan purpose was Home Purchase, with 187 originations. The 2nd most popular reason was 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 2021, Texas Regional Bank's most frequently cited loan duration was Other, with 309 originations.
Loan Sizing
2021 saw Texas Regional Bank place emphasis on $200k-400k loans with 114 originations, totaling $32,240,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications93.81%
Texas Regional Bank has an average approval rate.
Pick Rate
Approvals leading to origination71.84%
Texas Regional Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 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 |