Texas Citizens Bank Mortgage Rates, Fees & Info
Pasadena, TX
LEI: 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 and Refi loans. Texas Citizens Bank has a high proportion of conventional loans. Their top two markets are Houston and Lubbock .
Texas Citizens 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.
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Originations
8
Origination Dollar Volume (All Markets)
$1,130,000
Employee count
93
Top Markets
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assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
Texas Citizens Bank's top markets include Houston and Lubbock among others.
Their top states include:
Texas
(FHA|USDA|VA)
Product Mix
| Loan Type |
Originations |
Total Value |
Avg. Loan |
Avg. Fees |
Avg. Rate |
| Conventional |
8 |
$1,130,000 |
$141,250 |
$0 |
0.00% |
For 2020, Texas Citizens Bank's most frequently
originated type
of loan was Conventional, with 8 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Avg. Loan |
Avg. Fees |
Avg. Rate |
| Home Purchase |
4 |
$600,000 |
$150,000 |
$0 |
0.00% |
| Refi |
3 |
$465,000 |
$155,000 |
$0 |
0.00% |
| Home Improvement |
1 |
$65,000 |
$65,000 |
$0 |
0.00% |
For 2020, Texas Citizens Bank's most frequently cited loan
purpose was Home Purchase, with 4
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 |
8 |
$1,130,000 |
$141,250 |
$0 |
0.00% |
For 2020, Texas Citizens Bank's most frequently cited loan
duration was Other, with 8 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-200k |
4 |
$580,000 |
$145,000 |
$0 |
0.00% |
| $100,000 or less |
2 |
$130,000 |
$65,000 |
$0 |
0.00% |
| $200k-400k |
2 |
$420,000 |
$210,000 |
$0 |
0.00% |
2020 saw Texas Citizens Bank place emphasis on
$100k-200k loans
with 4 originations, totaling
$580,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $150k-250k |
2 |
$190,000 |
$95,000 |
$0 |
0.00% |
| $250k+ |
1 |
$165,000 |
$165,000 |
$0 |
0.00% |
| $75k-100k |
1 |
$205,000 |
$205,000 |
$0 |
0.00% |
Texas Citizens Bank lent most frequently to those with incomes in the
$150k-250k range, with
2 originations.
The second most popular income band? $250k+,
with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Exempt% |
8 |
$1,130,000 |
$141,250 |
$0 |
0.00% |
Texas Citizens Bank lent most frequently to those with DTI ratios
of Exempt%, with
8 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Not applicable |
4 |
$570,000 |
$142,500 |
$0 |
0.00% |
| White |
3 |
$495,000 |
$165,000 |
$0 |
0.00% |
| Black |
1 |
$65,000 |
$65,000 |
$0 |
0.00% |
Approval Rates
Total approvals of all applications
81.82%
Texas Citizens Bank has a below average approval rate.
Pick Rate
Approvals leading to origination
87.50%
Texas Citizens Bank has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| Exempt |
8 |
$1,130,000 |
$141,250 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
| Single Family (1-4 Units):Site-Built |
8 |
$1,130,000 |
$141,250 |
Complaints
| Bank Name |
Product |
Issue |
2020 CPFB Complaints |
% of Total Issues |
| TEXAS CAPITAL BANCSHARES, INC. |
Conventional home mortgage |
Closing on a mortgage |
1 |
100.0% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Texas Citizens Bank, National Association |
1334 Brittmoore Rd, Suite 119 Houston, TX 77043 |
Full Service B&M
|
$1,197 |
| Texas Citizens Bank, National Association |
14020 Hwy 3 Ste 100 Houston, TX 77058 |
Full Service B&M
|
$60,638 |
| Texas Citizens Bank, National Association |
1800 Nasa Parkway Houston, TX 77056 |
Full Service B&M
|
$124,360 |
| Texas Citizens Bank, National Association |
24701 Southwest Freeway, Suite 700 Rosenberg, TX 77469 |
Full Service B&M
|
$47,547 |
| Texas Citizens Bank, National Association |
3636 Rice Blvd Houston, TX 77005 |
Full Service B&M
|
$63,075 |
| Texas Citizens Bank, National Association |
4949 Fairmont Parkway Pasadena, TX 77505 |
Full Service B&M
|
$125,022 |
| Texas Citizens Bank, National Association |
507 West Baker Rd Baytown, TX 77521 |
Full Service B&M
|
$21,739 |
For 2020, Texas Citizens Bank had 7 branches.
Yearly Performance Overview
Bank Income
Texas Citizens Bank's gross interest income from loans was $24,707,000.
Texas Citizens Bank's net interest income from loans was $21,585,000.
Texas Citizens Bank's fee based income from loans was $563,000.
Texas Citizens Bank's net income from loans was $1,721,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$3,122 |
| Provision for credit losses |
$1,206 |
| Total noninterest expense |
$19,686 |
| Salaries and employee benefits |
$10,280 |
| Premises and equipment expense |
$3,258 |
| Additional noninterest expense |
$6,148 |
| Applicable income taxes |
$385 |
| Net charge-offs |
$1,603 |
| Cash dividends |
$0 |
Texas Citizens Bank's interest expense for loans was $3,122,000.
Texas Citizens Bank's payroll and benefits expense were $10,280,000.
Texas Citizens Bank's property, plant and equipment expenses $3,258,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$419,286 |
| Deposits held in domestic offices |
$419,286 |
| Deposits by Individuals, partnerships, and corporations |
$415,457 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$3,829 |
| 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 |
$211,900 |
| Demand deposits |
$174,100 |
| Nontransaction accounts |
$207,386 |
| Money market deposit accounts (MMDAs) |
$108,268 |
| Other savings deposits (excluding MMDAs) |
$27,504 |
| Total time deposits |
$71,614 |
| Total time and savings deposits |
$245,186 |
| Noninterest-bearing deposits |
$174,100 |
| Interest-bearing deposits |
$245,186 |
| Retail deposits |
$388,460 |
| IRAs and Keogh plan accounts |
$6,798 |
| Brokered deposits |
$7,175 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$534,142 |
| Cash & Balances due from depository institutions |
$85,979 |
| Interest-bearing balances |
$77,693 |
| Total securities |
$8,978 |
| Federal funds sold & reverse repurchase |
$138 |
| Net loans and leases |
$410,812 |
| Loan and leases loss allowance |
$7,399 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$3,486 |
| Other real estate owned |
$1,125 |
| Goodwill and other intangibles |
$0 |
| All other assets |
$23,624 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$534,142 |
| Total Liabilities |
$479,755 |
| Total deposits |
$419,286 |
| Interest-bearing deposits |
$245,186 |
| Deposits held in domestic offices |
$419,286 |
| % insured (estimated) |
$69 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$56,405 |
| Subordinated debt |
$0 |
| All other liabilities |
$4,064 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$410,812 |
| Loan and leases loss allowance |
$7,399 |
| Total loans and leases (domestic) |
$418,211 |
| All real estate loans |
$269,390 |
| Real estate loans in domestic offices |
$269,390 |
| Construction and development loans |
$30,958 |
| Residential 1-4 family construction |
$1,616 |
| Other construction, all land development and other land |
$29,342 |
| Loans secured by nonfarm nonresidential properties |
$211,409 |
| Nonfarm nonresidential secured by owner-occupied properties |
$123,148 |
| Commercial real estate & other non-farm, non-residential |
$88,261 |
| Multifamily residential real estate |
$3,902 |
| 1-4 family residential loans |
$23,121 |
| Farmland loans |
$0 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$0 |
| Commercial and industrial loans |
$128,124 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$8,683 |
| Credit card loans |
$0 |
| Related Plans |
$4,822 |
| Consumer Auto Loans |
$263 |
| Other loans to individuals |
$3,598 |
| All other loans & leases |
$13,792 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$13,792 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$210 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$17,784 |
| Non 1-4 family restructured loans & leases |
$17,562 |
| Total loans and leases (foreign) |
$0 |
Texas Citizens Bank had $410,812,000 of loans outstanding in 2020. $269,390,000 of loans were in real estate loans.
$30,958,000 of loans were in development loans. $3,902,000 of loans were in multifamily mortgage loans.
$23,121,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0
of loans were in credit card loans. $263,000 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 |
133 |
$44,950 |
$337,970 |
| Nonfarm, nonresidential loans - <$100k |
13 |
$546 |
$42,000 |
| Nonfarm, nonresidential loans - $100-250k |
28 |
$3,119 |
$111,393 |
| Nonfarm, nonresidential loans - $250k-1MM |
92 |
$41,285 |
$448,750 |
| Commercial & Industrial, US addressed loans - <$1MM |
709 |
$71,864 |
$101,360 |
| Commercial & Industrial, US addressed loans - <$100k |
385 |
$12,575 |
$32,662 |
| Commercial & Industrial, US addressed loans - $100-250k |
187 |
$20,685 |
$110,615 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
137 |
$38,604 |
$281,781 |