Texas Capital Bank Mortgage Rates, Fees & Info

Dallas, TX

LEI: 38PG5GG0OEQK4QMSKE59

Tax ID: 75-2695994

1 stars - out of 5 stars, based on 8 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Texas Capital Bank is a smaller bank specializing in Home Purchase loans. Texas Capital Bank has a high proportion of conventional loans. Their top markets include Austin, Dallas, Lakeland, Houston, and Edwards among others. Texas Capital 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. Texas Capital Bank is typically a high fee lendor.


Originations

64

Origination Dollar Volume (All Markets)

$150,150,000

Employee count

1,748

Awards

Texas Capital Bank 30 Year Conventional Loans silver Texas Capital Bank 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

Texas Capital Bank's average 30 year fixed rate mortgage of loans were 2.91%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.24%.

Relative Fees

Texas Capital Bank's average total fees for a 30 year fixed rate mortgage are $23,855.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 13 $43,655,000 $3,358,077 $46,716 3.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 9 $32,995,000 $3,666,111 $19,015 2.70%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $24,255,000 $24,255,000 $0 3.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 15 $15,105,000 $1,007,000 $17,310 2.92%
Edwards, CO (FHA|USDA|VA) 1 $10,795,000 $10,795,000 $133,079 2.50%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $4,955,000 $707,857 $11,887 2.95%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $3,605,000 $3,605,000 $18,628 2.88%
Outside of Metro Areas 4 $2,170,000 $542,500 $12,201 3.13%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $5,221 3.25%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $1,555,000 $1,555,000 $24,058 2.75%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $1,525,000 $1,525,000 $27,405 2.63%
Heber, UT (FHA|USDA|VA) 1 $1,255,000 $1,255,000 $18,029 2.88%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $20,848 2.75%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $995,000 $995,000 $16,604 2.88%
Brownwood, TX (FHA|USDA|VA) 1 $845,000 $845,000 $0 2.75%
Sevierville, TN (FHA|USDA|VA) 1 $825,000 $825,000 $13,117 3.00%
Rockport, TX (FHA|USDA|VA) 1 $735,000 $735,000 $14,433 2.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $705,000 $705,000 $13,935 2.75%
Del Rio, TX (FHA|USDA|VA) 1 $525,000 $525,000 $13,803 2.50%
MIDLAND, TX (FHA|USDA|VA) 1 $425,000 $425,000 $6,653 2.88%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $215,000 $215,000 $6,622 2.63%

Texas Capital Bank's top markets include Austin, Dallas, Lakeland, Houston, and Edwards among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 64 $150,150,000 $2,346,094 $24,205 2.90%

For the 2021 period, Texas Capital Bank's most frequently originated loan type of loans were Conventional, with 64 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 37 $114,755,000 $3,101,486 $28,673 2.94%
Refi 18 $17,740,000 $985,556 $14,419 2.81%
Cash Out Refi 9 $17,655,000 $1,961,667 $27,396 2.89%

For the 2021, Texas Capital Bank's most frequently cited loan purpose of loans were Home Purchase, with 37 originations. The 2nd most popular reason of loans were Refi, with 18 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 58 $97,430,000 $1,679,828 $23,855 2.91%
30+ year 3 $4,505,000 $1,501,667 $30,851 3.21%
15 Year 1 $335,000 $335,000 $0 3.75%
5 Year 1 $23,625,000 $23,625,000 $0 0.00%
Other 1 $24,255,000 $24,255,000 $0 3.25%

For the 2021, Texas Capital Bank's most frequently cited loan length of loans were 30 Year, with 58 originations. The 2nd most popular length of loans were 30+ year, with 3 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 41 $76,005,000 $1,853,780
$1k-2k 12 $21,740,000 $1,811,667
$3k-4k 5 $1,725,000 $345,000
$<1k 1 $845,000 $845,000
$2k-3k 1 $575,000 $575,000

$23,855 of loans were Texas Capital Bank's average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 41 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 41 $45,345,000 $1,105,976
3-4% 17 $59,945,000 $3,526,176
<2.5% 6 $44,860,000 $7,476,667

During 2021, Texas Capital Bank's average interest rate of loans were 2.91%, while their most frequently originated rate bucket of loans were 2.5-3%, with 41 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$1MM+ 33 $132,865,000 $4,026,212 $38,347 2.87%
$400k-600k 12 $5,850,000 $487,500 $8,492 2.91%
$600k-1MM 12 $9,150,000 $762,500 $12,930 2.85%
$200k-400k 7 $2,285,000 $326,429 $7,474 3.09%

2021 saw Texas Capital Bank place emphasis on $1MM+ loans with 33 originations, totaling $132,865,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 43 $67,775,000 $1,576,163 $20,539 2.90%
$150k-250k 12 $11,630,000 $969,167 $18,568 3.00%
$100k-150k 2 $880,000 $440,000 $7,204 2.81%

Texas Capital Bank lent most frequently to those with incomes in the $250k+ range, with 43 originations. The second most popular income band? $150k-250k, with 12 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 11 $33,145,000 $3,013,182 $47,483 2.99%
30-36% 8 $10,840,000 $1,355,000 $18,168 2.89%
<20% 6 $4,930,000 $821,667 $13,370 2.81%
43% 5 $4,685,000 $937,000 $13,633 3.05%
37% 4 $3,370,000 $842,500 $15,212 2.88%
>60% 4 $13,750,000 $3,437,500 $38,242 2.97%
50-60% 3 $2,225,000 $741,667 $13,583 2.75%
39% 3 $1,665,000 $555,000 $10,327 2.75%
36% 2 $1,460,000 $730,000 $14,596 2.81%
45% 2 $2,310,000 $1,155,000 $19,165 3.13%
46% 2 $4,140,000 $2,070,000 $15,254 2.88%
47% 2 $8,780,000 $4,390,000 $31,832 2.69%
38% 2 $2,580,000 $1,290,000 $22,900 2.81%
41% 2 $2,120,000 $1,060,000 $14,217 3.06%
48% 1 $815,000 $815,000 $24,801 3.00%
49% 1 $1,405,000 $1,405,000 $36,477 3.38%
44% 1 $1,095,000 $1,095,000 $16,350 2.88%
42% 1 $1,575,000 $1,575,000 $37,167 3.38%

Texas Capital Bank lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? 30-36%, with 8 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 47 $56,275,000 $1,197,340 $17,999 2.92%
Not applicable 4 $49,260,000 $12,315,000 $0 2.49%
Not provided 11 $42,345,000 $3,849,545 $51,724 2.94%
Asian 2 $2,270,000 $1,135,000 $18,698 2.88%

Approval Rates

Total approvals of all applications
99.97%

Texas Capital Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
82.35%

Texas Capital Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 64 $150,150,000 $2,346,094

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
64 $150,150,000 $2,346,094

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 5 $14,395,000 $2,879,000 $19,466 2.80%
40-60% 18 $76,310,000 $4,239,444 $28,093 2.75%
60-80% 37 $51,135,000 $1,382,027 $22,196 2.98%
80-100% 4 $8,310,000 $2,077,500 $32,159 2.91%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
TEXAS CAPITAL BANCSHARES, INC. Other type of mortgage Trouble during payment process 1 100.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Texas Capital Bank, National Association 2350 Lakeside Blvd, Suite 800 Richardson, TX 75082 Full Service Cyber Office $213,344
Texas Capital Bank, National Association 300 Throckmorton Street, Suite 100 Fort Worth, TX 76102 Full Service B&M $350,115
Texas Capital Bank, National Association 340 Singleton Boulevard Dallas, TX 75212 Full Service B&M $22,945
Texas Capital Bank, National Association 4424 W Sam Houston Pkwy North, Suite 170 Houston, TX 77041 Full Service B&M $840,366
Texas Capital Bank, National Association 5800 Granite Parkway, Suite 150 Plano, TX 75024 Full Service B&M $709,501
Texas Capital Bank, National Association 7373 Broadway, Suite 100 San Antonio, TX 78209 Full Service B&M $160,625
Texas Capital Bank, National Association 745 East Mulberry Avenue, Suite 150 San Antonio, TX 78212 Full Service B&M $1,010,212
Texas Capital Bank, National Association 98 San Jacinto Blvd, Suite 150 Austin, TX 78701 Full Service B&M $2,059,841
Texas Capital Bank, National Association 1330 Post Oak Blvd, Suite 100 Houston, TX 77056 Full Service B&M $2,703,590
Texas Capital Bank, National Association 2000 Mckinney Ave, Suite 700 Dallas, TX 75201 Full Service B&M $21,129,680
Texas Capital Bank, National Association 2350 Lakeside Blvd, Suite 105 Richardson, TX 75082 Full Service B&M $83,076

For 2021, Texas Capital Bank had 11 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $877,725
Net interest income $782,672
Total noninterest income $113,561
Gross Fiduciary activities income $2,188
Service charges on deposit accounts $19,054
Trading account gains and fees $0
Additional Noninterest Income $92,319
Pre-tax net operating income $355,141
Securities gains (or losses, -) $2,277
Income before extraordinary items $268,939
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $268,939
Minority interest net income $0
Net income $268,939
Sale, conversion, retirement of capital stock, net $30,061
Net operating income $267,140

Texas Capital Bank's gross interest income from loans was $877,725,000.
Texas Capital Bank's net interest income from loans was $782,672,000.
Texas Capital Bank's fee based income from loans was $19,054,000.
Texas Capital Bank's net income from loans was $268,939,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $95,053
Provision for credit losses $-30,000
Total noninterest expense $571,092
Salaries and employee benefits $349,477
Premises and equipment expense $33,170
Additional noninterest expense $188,445
Applicable income taxes $88,479
Net charge-offs $12,918
Cash dividends $10,400

Texas Capital Bank's interest expense for loans was $95,053,000.
Texas Capital Bank's payroll and benefits expense were $349,477,000.
Texas Capital Bank's property, plant and equipment expenses $33,170,000.

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 1.0%
HELOC loans 0.0%
All other family 1.0%
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 $28,548,108
Deposits held in domestic offices $28,548,108
Deposits by Individuals, partnerships, and corporations $25,293,139
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $67,905
Deposits by Commercial banks and other depository institutions in U.S. $3,187,064
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $3,374,461
Demand deposits $3,374,461
Nontransaction accounts $25,173,647
Money market deposit accounts (MMDAs) $22,333,960
Other savings deposits (excluding MMDAs) $1,640,981
Total time deposits $1,198,706
Total time and savings deposits $25,173,647
Noninterest-bearing deposits $13,829,113
Interest-bearing deposits $14,718,995
Retail deposits $26,124,836
IRAs and Keogh plan accounts $2,341
Brokered deposits $2,700,185
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $34,726,171
Cash & Balances due from depository institutions $7,946,641
Interest-bearing balances $7,765,996
Total securities $3,583,808
Federal funds sold & reverse repurchase $0
Net loans and leases $22,603,211
Loan and leases loss allowance $211,866
Trading account assets $37,788
Bank premises and fixed assets $76,232
Other real estate owned $0
Goodwill and other intangibles $18,774
All other assets $459,717

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $34,726,171
Total Liabilities $31,583,775
Total deposits $28,548,108
Interest-bearing deposits $14,718,995
Deposits held in domestic offices $28,548,108
% insured (estimated) $44
Federal funds purchased and repurchase agreements $2,832
Trading liabilities $37,788
Other borrowed funds $2,470,746
Subordinated debt $223,935
All other liabilities $300,366

Issued Loan Types

Type Value (in 000's)
Net loans and leases $22,603,211
Loan and leases loss allowance $211,866
Total loans and leases (domestic) $22,815,077
All real estate loans $4,768,444
Real estate loans in domestic offices $4,768,444
Construction and development loans $1,822,399
Residential 1-4 family construction $508,594
Other construction, all land development and other land $1,313,805
Loans secured by nonfarm nonresidential properties $2,243,844
Nonfarm nonresidential secured by owner-occupied properties $819,956
Commercial real estate & other non-farm, non-residential $1,423,888
Multifamily residential real estate $315,269
1-4 family residential loans $369,736
Farmland loans $17,196
Loans held in foreign offices $0
Farm loans $3,967
Commercial and industrial loans $8,245,023
To non-U.S. addressees $15,300
Loans to individuals $256,163
Credit card loans $0
Related Plans $226,231
Consumer Auto Loans $0
Other loans to individuals $29,932
All other loans & leases $9,610,869
Loans to foreign governments and official institutions $0
Other loans $9,500,372
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $1,044,506
Loans secured by real estate to non-U.S. addressees $7,774
Restructured Loans & leases $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Texas Capital Bank had $22,603,211,000 of loans outstanding in 2021. $4,768,444,000 of loans were in real estate loans. $1,822,399,000 of loans were in development loans. $315,269,000 of loans were in multifamily mortgage loans. $369,736,000 of loans were in 1-4 family mortgage loans. $3,967,000 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 239 $94,343 $394,741
Nonfarm, nonresidential loans - <$100k 5 $341 $68,200
Nonfarm, nonresidential loans - $100-250k 37 $5,249 $141,865
Nonfarm, nonresidential loans - $250k-1MM 197 $88,753 $450,523
Commercial & Industrial, US addressed loans - <$1MM 44,690 $1,146,261 $25,649
Commercial & Industrial, US addressed loans - <$100k 40,207 $303,536 $7,549
Commercial & Industrial, US addressed loans - $100-250k 2,352 $207,527 $88,234
Commercial & Industrial, US addressed loans - $250k-1MM 2,131 $635,198 $298,075
Farmland loans - <$1MM 3 $849 $283,000
Farmland loans - $100-250k 1 $114 $114,000
Farmland loans - $250k-1MM 2 $735 $367,500
Agriculture operations loans - <$1MM 1 $186 $186,000
Agriculture operations loans - $100-250k 1 $186 $186,000