Texas Citizens Bank Mortgage Rates, Fees & Info
Pasadena, TXLEI: 54930046358D5EC2R282
Tax ID: 06-1772059
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Mortgage Data
Bank Data
Review & Overview
Texas Citizens Bank is a smaller bank specializing in Home Purchase loans. Texas Citizens Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, College Station, and San Antonio among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Texas Citizens 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.
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Originations
16Origination Dollar Volume (All Markets)
$3,920,000Employee count
117Top 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 |
---|---|---|---|---|---|
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 13 | $2,365,000 | $181,923 | $0 | 0.00% |
Outside of Metro Areas | 1 | $1,045,000 | $1,045,000 | $0 | 0.00% |
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 16 | $3,920,000 | $245,000 | $0 | 0.00% |
For 2019, Texas Citizens Bank's most frequently originated type of loan was Conventional, with 16 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Home Purchase | 12 | $3,160,000 | $263,333 | $0 | 0.00% |
Refi | 3 | $585,000 | $195,000 | $0 | 0.00% |
Home Improvement | 1 | $175,000 | $175,000 | $0 | 0.00% |
For 2019, Texas Citizens Bank's most frequently cited loan purpose was Home Purchase, with 12 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 16 | $3,920,000 | $245,000 | $0 | 0.00% |
For 2019, Texas Citizens Bank's most frequently cited loan duration was Other, with 16 originations.
Loan Sizing
2019 saw Texas Citizens Bank place emphasis on $100k-200k loans with 6 originations, totaling $860,000 in origination value.
Applicant Income
Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$50k-75k | 3 | $215,000 | $71,667 | $0 | 0.00% |
$100k-150k | 1 | $205,000 | $205,000 | $0 | 0.00% |
$75k-100k | 1 | $375,000 | $375,000 | $0 | 0.00% |
Texas Citizens Bank lent most frequently to those with incomes in the $50k-75k range, with 3 originations. The second most popular income band? $100k-150k, with 1 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 16 | $3,920,000 | $245,000 | $0 | 0.00% |
Texas Citizens Bank lent most frequently to those with DTI ratios of Exempt%, with 16 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Texas Citizens 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 origination75.00%
Texas Citizens Bank has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 16 | $3,920,000 | $245,000 |
Occupancy Type Mix
Complaints
Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
TEXAS CAPITAL BANCSHARES, INC. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |
Bank Details
Branches
Bank Name | Branch | Branch Type | Deposits (000's) |
---|---|---|---|
Texas Citizens Bank, National Association | 14020 Hwy 3 Ste 100 Houston, TX 77058 | Full Service B&M | $69,643 |
Texas Citizens Bank, National Association | 1800 Nasa Parkway Houston, TX 77056 | Full Service B&M | $87,657 |
Texas Citizens Bank, National Association | 24701 Southwest Freeway, Suite 700 Rosenberg, TX 77469 | Full Service B&M | $57,408 |
Texas Citizens Bank, National Association | 3636 Rice Blvd Houston, TX 77005 | Full Service B&M | $67,004 |
Texas Citizens Bank, National Association | 4949 Fairmont Parkway Pasadena, TX 77505 | Full Service B&M | $128,872 |
Texas Citizens Bank, National Association | 507 West Baker Rd Baytown, TX 77521 | Full Service B&M | $18,632 |
For 2019, Texas Citizens Bank had 6 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $28,800 |
Net interest income | $23,401 |
Total noninterest income | $2,117 |
Gross Fiduciary activities income | $0 |
Service charges on deposit accounts | $611 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $1,506 |
Pre-tax net operating income | $1,671 |
Securities gains (or losses, -) | $73 |
Income before extraordinary items | $1,416 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $1,416 |
Minority interest net income | $0 |
Net income | $1,416 |
Sale, conversion, retirement of capital stock, net | $0 |
Net operating income | $1,356 |
Texas Citizens Bank's gross interest income from loans was $28,800,000.
Texas Citizens Bank's net interest income from loans was $23,401,000.
Texas Citizens Bank's fee based income from loans was $611,000.
Texas Citizens Bank's net income from loans was $1,416,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $5,399 |
Provision for credit losses | $3,408 |
Total noninterest expense | $20,439 |
Salaries and employee benefits | $10,218 |
Premises and equipment expense | $3,082 |
Additional noninterest expense | $7,139 |
Applicable income taxes | $328 |
Net charge-offs | $3,122 |
Cash dividends | $0 |
Texas Citizens Bank's interest expense for loans was $5,399,000.
Texas Citizens Bank's payroll and benefits expense were $10,218,000.
Texas Citizens Bank's property, plant and equipment expenses $3,082,000.
Loan Performance
Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
---|---|
All loans | 1.0% |
Real Estate loans | 1.0% |
Construction & Land Development loans | 0.0% |
Nonfarm, nonresidential loans | 1.0% |
Multifamily residential loans | 0.0% |
1-4 family residential loans | 1.0% |
HELOC loans | 0.0% |
All other family | 1.0% |
Commercial & industrial loans | 3.0% |
Personal loans | 1.0% |
Credit card loans | 0.0% |
Other individual loans | 1.0% |
Auto loans | 0.0% |
Other consumer loans | 1.0% |
Unsecured commercial real estate loans | 0.0% |
Deposits
Type | Value (in 000's) |
---|---|
Total deposits | $420,992 |
Deposits held in domestic offices | $420,992 |
Deposits by Individuals, partnerships, and corporations | $412,035 |
Deposits by U.S. Government | $0 |
Deposits by States and political subdivisions in the U.S. | $8,466 |
Deposits by Commercial banks and other depository institutions in U.S. | $491 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $215,166 |
Demand deposits | $177,115 |
Nontransaction accounts | $205,826 |
Money market deposit accounts (MMDAs) | $90,824 |
Other savings deposits (excluding MMDAs) | $25,338 |
Total time deposits | $89,664 |
Total time and savings deposits | $243,877 |
Noninterest-bearing deposits | $177,115 |
Interest-bearing deposits | $243,877 |
Retail deposits | $384,935 |
IRAs and Keogh plan accounts | $6,642 |
Brokered deposits | $6,889 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $516,750 |
Cash & Balances due from depository institutions | $86,791 |
Interest-bearing balances | $71,353 |
Total securities | $2,604 |
Federal funds sold & reverse repurchase | $90 |
Net loans and leases | $400,349 |
Loan and leases loss allowance | $7,796 |
Trading account assets | $0 |
Bank premises and fixed assets | $3,450 |
Other real estate owned | $2,295 |
Goodwill and other intangibles | $0 |
All other assets | $21,171 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $516,750 |
Total Liabilities | $464,090 |
Total deposits | $420,992 |
Interest-bearing deposits | $243,877 |
Deposits held in domestic offices | $420,992 |
% insured (estimated) | $64 |
Federal funds purchased and repurchase agreements | $0 |
Trading liabilities | $0 |
Other borrowed funds | $39,757 |
Subordinated debt | $0 |
All other liabilities | $3,341 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $400,349 |
Loan and leases loss allowance | $7,796 |
Total loans and leases (domestic) | $408,145 |
All real estate loans | $297,644 |
Real estate loans in domestic offices | $297,644 |
Construction and development loans | $31,450 |
Residential 1-4 family construction | $2,722 |
Other construction, all land development and other land | $28,728 |
Loans secured by nonfarm nonresidential properties | $222,014 |
Nonfarm nonresidential secured by owner-occupied properties | $134,574 |
Commercial real estate & other non-farm, non-residential | $87,440 |
Multifamily residential real estate | $5,003 |
1-4 family residential loans | $39,177 |
Farmland loans | $0 |
Loans held in foreign offices | $0 |
Farm loans | $0 |
Commercial and industrial loans | $83,819 |
To non-U.S. addressees | $0 |
Loans to individuals | $11,753 |
Credit card loans | $0 |
Related Plans | $6,443 |
Consumer Auto Loans | $291 |
Other loans to individuals | $5,019 |
All other loans & leases | $16,697 |
Loans to foreign governments and official institutions | $0 |
Other loans | $16,697 |
Loans to depository institutions and acceptances of other banks | $0 |
Loans not secured by real estate | $450 |
Loans secured by real estate to non-U.S. addressees | $0 |
Restructured Loans & leases | $340 |
Non 1-4 family restructured loans & leases | $261 |
Total loans and leases (foreign) | $0 |
Texas Citizens Bank had $400,349,000 of loans outstanding in 2019. $297,644,000 of loans were in real estate loans. $31,450,000 of loans were in development loans. $5,003,000 of loans were in multifamily mortgage loans. $39,177,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $291,000 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 | 143 | $43,182 | $301,972 |
Nonfarm, nonresidential loans - <$100k | 13 | $482 | $37,077 |
Nonfarm, nonresidential loans - $100-250k | 33 | $4,019 | $121,788 |
Nonfarm, nonresidential loans - $250k-1MM | 97 | $38,681 | $398,773 |
Commercial & Industrial, US addressed loans - <$1MM | 491 | $49,746 | $101,316 |
Commercial & Industrial, US addressed loans - <$100k | 214 | $6,000 | $28,037 |
Commercial & Industrial, US addressed loans - $100-250k | 144 | $11,536 | $80,111 |
Commercial & Industrial, US addressed loans - $250k-1MM | 133 | $32,210 | $242,180 |