Texas Security Bank Mortgage Rates, Fees & Info

Dallas, TX

LEI: 549300JL3TGNE3Y7PE33

Tax ID: 26-2413396

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Texas Security Bank is a smaller bank specializing in Refi and Home Purchase loans. Texas Security Bank has a high proportion of conventional loans. Their top markets include Dallas, Austin, Durango, Houston, and Athens among others. Texas Security Bank has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors.


Originations

251

Origination Dollar Volume (All Markets)

$122,915,000

Employee count

79

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 205 $99,735,000 $486,512 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 12 $5,860,000 $488,333 $0 0.00%
Durango, CO (FHA|USDA|VA) 1 $2,465,000 $2,465,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $1,975,000 $282,143 $0 0.00%
Athens, TX (FHA|USDA|VA) 4 $1,720,000 $430,000 $0 0.00%
Gainesville, TX (FHA|USDA|VA) 2 $1,650,000 $825,000 $0 0.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $1,235,000 $1,235,000 $0 0.00%
Mineral Wells, TX (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $0 0.00%
Outside of Metro Areas 3 $1,205,000 $401,667 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $610,000 $305,000 $0 0.00%
Kalispell, MT (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $535,000 $535,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
FRESNO, CA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
WILMINGTON, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
EL PASO, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%

Texas Security Bank's top markets include Dallas, Austin, Durango, Houston, and Athens among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 251 $122,915,000 $489,701 $0 0.00%

For the 2021 period, Texas Security Bank's most frequently originated loan type of loans were Conventional, with 251 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 90 $51,200,000 $568,889 $0 0.00%
Home Purchase 89 $47,555,000 $534,326 $0 0.00%
Cash Out Refi 70 $23,680,000 $338,286 $0 0.00%
Home Improvement 2 $480,000 $240,000 $0 0.00%

For the 2021, Texas Security Bank's most frequently cited loan purpose of loans were Refi, with 90 originations. The 2nd most popular reason of loans were Home Purchase, with 89 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 251 $122,915,000 $489,701 $0 0.00%

For the 2021, Texas Security Bank's most frequently cited loan length of loans were Other, with 251 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 99 $29,675,000 $299,747 $0 0.00%
$400k-600k 61 $30,255,000 $495,984 $0 0.00%
$100k-200k 33 $5,185,000 $157,121 $0 0.00%
$1MM+ 22 $39,900,000 $1,813,636 $0 0.00%
$600k-1MM 22 $16,980,000 $771,818 $0 0.00%
$100,000 or less 14 $920,000 $65,714 $0 0.00%

2021 saw Texas Security Bank place emphasis on $200k-400k loans with 99 originations, totaling $29,675,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 83 $67,265,000 $810,422 $0 0.00%
$150k-250k 51 $21,935,000 $430,098 $0 0.00%
$100k-150k 46 $14,980,000 $325,652 $0 0.00%
$75k-100k 25 $7,705,000 $308,200 $0 0.00%
$50k-75k 16 $3,420,000 $213,750 $0 0.00%
$50k or less 3 $405,000 $135,000 $0 0.00%

Texas Security Bank lent most frequently to those with incomes in the $250k+ range, with 83 originations. The second most popular income band? $150k-250k, with 51 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 251 $122,915,000 $489,701 $0 0.00%

Texas Security Bank lent most frequently to those with DTI ratios of Exempt%, with 251 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 202 $105,340,000 $521,485 $0 0.00%
Asian 13 $6,615,000 $508,846 $0 0.00%
Not provided 10 $4,060,000 $406,000 $0 0.00%
Not applicable 19 $3,805,000 $200,263 $0 0.00%
Black 7 $3,095,000 $442,143 $0 0.00%

Approval Rates

Total approvals of all applications
97.81%

Texas Security 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
92.33%

Texas Security Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 251 $122,915,000 $489,701

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
251 $122,915,000 $489,701

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 Security Bank 101 North Garland Avenue Garland, TX 75040 Full Service B&M $217,341
Texas Security Bank 1212 Turtle Creek Blvd. Dallas, TX 75207 Full Service B&M $242,955
Texas Security Bank 3212 Belt Line Road Farmers Branch, TX 75234 Full Service B&M $427,868

For 2021, Texas Security Bank had 3 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $36,072
Net interest income $34,031
Total noninterest income $3,199
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,026
Trading account gains and fees $0
Additional Noninterest Income $2,173
Pre-tax net operating income $16,221
Securities gains (or losses, -) $1,056
Income before extraordinary items $13,660
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $13,660
Minority interest net income $0
Net income $13,660
Sale, conversion, retirement of capital stock, net $270
Net operating income $12,825

Texas Security Bank's gross interest income from loans was $36,072,000.
Texas Security Bank's net interest income from loans was $34,031,000.
Texas Security Bank's fee based income from loans was $1,026,000.
Texas Security Bank's net income from loans was $13,660,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,041
Provision for credit losses $1,300
Total noninterest expense $19,709
Salaries and employee benefits $12,928
Premises and equipment expense $858
Additional noninterest expense $5,923
Applicable income taxes $3,617
Net charge-offs $-69
Cash dividends $0

Texas Security Bank's interest expense for loans was $2,041,000.
Texas Security Bank's payroll and benefits expense were $12,928,000.
Texas Security Bank's property, plant and equipment expenses $858,000.

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 $809,346
Deposits held in domestic offices $809,346
Deposits by Individuals, partnerships, and corporations $798,853
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $10,493
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 $407,411
Demand deposits $330,064
Nontransaction accounts $401,935
Money market deposit accounts (MMDAs) $319,740
Other savings deposits (excluding MMDAs) $1,296
Total time deposits $80,899
Total time and savings deposits $479,282
Noninterest-bearing deposits $330,064
Interest-bearing deposits $479,283
Retail deposits $712,905
IRAs and Keogh plan accounts $793
Brokered deposits $75,047
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $969,647
Cash & Balances due from depository institutions $22,614
Interest-bearing balances $21,262
Total securities $286,513
Federal funds sold & reverse repurchase $0
Net loans and leases $633,179
Loan and leases loss allowance $8,878
Trading account assets $0
Bank premises and fixed assets $9,718
Other real estate owned $0
Goodwill and other intangibles $131
All other assets $17,492

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $969,647
Total Liabilities $883,397
Total deposits $809,346
Interest-bearing deposits $479,283
Deposits held in domestic offices $809,346
% insured (estimated) $43
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $65,000
Subordinated debt $0
All other liabilities $9,051

Issued Loan Types

Type Value (in 000's)
Net loans and leases $633,179
Loan and leases loss allowance $8,878
Total loans and leases (domestic) $642,057
All real estate loans $468,337
Real estate loans in domestic offices $468,337
Construction and development loans $54,277
Residential 1-4 family construction $12,531
Other construction, all land development and other land $41,746
Loans secured by nonfarm nonresidential properties $320,994
Nonfarm nonresidential secured by owner-occupied properties $183,922
Commercial real estate & other non-farm, non-residential $137,072
Multifamily residential real estate $282
1-4 family residential loans $92,784
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $170,715
To non-U.S. addressees $0
Loans to individuals $1,256
Credit card loans $0
Related Plans $936
Consumer Auto Loans $143
Other loans to individuals $177
All other loans & leases $1,748
Loans to foreign governments and official institutions $0
Other loans $1,748
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $331
Non 1-4 family restructured loans & leases $331
Total loans and leases (foreign) $0

Texas Security Bank had $633,179,000 of loans outstanding in 2021. $468,337,000 of loans were in real estate loans. $54,277,000 of loans were in development loans. $282,000 of loans were in multifamily mortgage loans. $92,784,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $143,000 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 89 $32,505 $365,225
Nonfarm, nonresidential loans - <$100k 1 $41 $41,000
Nonfarm, nonresidential loans - $100-250k 20 $2,506 $125,300
Nonfarm, nonresidential loans - $250k-1MM 68 $29,958 $440,559
Commercial & Industrial, US addressed loans - <$1MM 203 $28,282 $139,320
Commercial & Industrial, US addressed loans - <$100k 48 $1,038 $21,625
Commercial & Industrial, US addressed loans - $100-250k 66 $5,246 $79,485
Commercial & Industrial, US addressed loans - $250k-1MM 89 $21,998 $247,169