Plainscapital Bank Mortgage Rates, Fees & Info

Dallas, TX

LEI: 549300OBLIP1F3NM5751

Tax ID: 75-0910774

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Plainscapital Bank is a smaller bank specializing in Home Purchase loans. Plainscapital Bank has a high proportion of conventional loans. Their top markets include Dallas, Austin, Mcallen, Brownsville, and Houston among others. Plainscapital 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.


Originations

202

Origination Dollar Volume (All Markets)

$226,130,000

Employee count

3,694

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 47 $77,735,000 $1,653,936 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 33 $54,805,000 $1,660,758 $0 0.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 16 $25,920,000 $1,620,000 $0 0.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 31 $12,195,000 $393,387 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 15 $10,025,000 $668,333 $0 0.00%
Heber, UT (FHA|USDA|VA) 1 $8,625,000 $8,625,000 $0 0.00%
RENO, NV (FHA|USDA|VA) 1 $5,275,000 $5,275,000 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 12 $5,000,000 $416,667 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 22 $3,280,000 $149,091 $0 0.00%
Glenwood Springs, CO (FHA|USDA|VA) 1 $3,245,000 $3,245,000 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $3,175,000 $3,175,000 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $3,125,000 $3,125,000 $0 0.00%
Edwards, CO (FHA|USDA|VA) 1 $2,345,000 $2,345,000 $0 0.00%
Outside of Metro Areas 3 $2,325,000 $775,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $2,150,000 $1,075,000 $0 0.00%
Fredericksburg, TX (FHA|USDA|VA) 1 $2,025,000 $2,025,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $1,715,000 $571,667 $0 0.00%
TYLER, TX (FHA|USDA|VA) 1 $905,000 $905,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $535,000 $535,000 $0 0.00%
Granbury, TX (FHA|USDA|VA) 2 $530,000 $265,000 $0 0.00%
WACO, TX (FHA|USDA|VA) 4 $500,000 $125,000 $0 0.00%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
Stephenville, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%

Plainscapital Bank's top markets include Dallas, Austin, Mcallen, Brownsville, and Houston among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 202 $226,130,000 $1,119,455 $0 0.00%

For the 2021 period, Plainscapital Bank's most frequently originated loan type of loans were Conventional, with 202 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 153 $193,645,000 $1,265,654 $0 0.00%
Cash Out Refi 28 $18,410,000 $657,500 $0 0.00%
Refi 12 $11,130,000 $927,500 $0 0.00%
Home Improvement 9 $2,945,000 $327,222 $0 0.00%

For the 2021, Plainscapital Bank's most frequently cited loan purpose of loans were Home Purchase, with 153 originations. The 2nd most popular reason of loans were Cash Out Refi, with 28 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 202 $226,130,000 $1,119,455 $0 0.00%

For the 2021, Plainscapital Bank's most frequently cited loan length of loans were Other, with 202 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$1MM+ 46 $174,470,000 $3,792,826 $0 0.00%
$100k-200k 45 $6,465,000 $143,667 $0 0.00%
$200k-400k 39 $11,455,000 $293,718 $0 0.00%
$600k-1MM 32 $24,480,000 $765,000 $0 0.00%
$100,000 or less 24 $1,720,000 $71,667 $0 0.00%
$400k-600k 16 $7,540,000 $471,250 $0 0.00%

2021 saw Plainscapital Bank place emphasis on $1MM+ loans with 46 originations, totaling $174,470,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 28 $28,240,000 $1,008,571 $0 0.00%
$150k-250k 9 $2,295,000 $255,000 $0 0.00%
$100k-150k 6 $750,000 $125,000 $0 0.00%
$50k or less 5 $585,000 $117,000 $0 0.00%
$75k-100k 2 $200,000 $100,000 $0 0.00%
$50k-75k 1 $125,000 $125,000 $0 0.00%

Plainscapital Bank lent most frequently to those with incomes in the $250k+ range, with 28 originations. The second most popular income band? $150k-250k, with 9 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 202 $226,130,000 $1,119,455 $0 0.00%

Plainscapital Bank lent most frequently to those with DTI ratios of Exempt%, with 202 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 150 $193,450,000 $1,289,667 $0 0.00%
White 43 $25,875,000 $601,744 $0 0.00%
Not provided 5 $6,265,000 $1,253,000 $0 0.00%
Asian 4 $540,000 $135,000 $0 0.00%

Approval Rates

Total approvals of all applications
99.07%

Plainscapital 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
79.36%

Plainscapital Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 202 $226,130,000 $1,119,455

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
202 $226,130,000 $1,119,455

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Plainscapital Bank 1 Cowboys Way Frisco, TX 75034 Full Service B&M $0
Plainscapital Bank 100 West Cano Street Edinburg, TX 78539 Full Service B&M $87,266
Plainscapital Bank 1001 Santa Fe Drive Weatherford, TX 76086 Full Service B&M $475,031
Plainscapital Bank 1010 S. Expressway 83 Harlingen, TX 78550 Full Service B&M $45,425
Plainscapital Bank 1100 East Hwy 377 Granbury, TX 76048 Full Service B&M $98,271
Plainscapital Bank 115 E Queen Isabella Port Isabel, TX 78578 Full Service B&M $51,889
Plainscapital Bank 12319 North Mopac Expressway Austin, TX 78758 Full Service B&M $38,076
Plainscapital Bank 1434 S. Port Corpus Christi, TX 78465 Full Service B&M $32,607
Plainscapital Bank 150 E Sonterra Blvd Ste 150 San Antonio, TX 78258 Full Service B&M $115,669
Plainscapital Bank 1502 Avenue J Lubbock, TX 79401 Full Service B&M $26,976
Plainscapital Bank 1699 Research Forest Drive, Suite 100 Shenandoah, TX 77380 Full Service B&M $17,934
Plainscapital Bank 1701 N. Hampton Rd. Desoto, TX 75115 Full Service B&M $78,793
Plainscapital Bank 1709 North Conway Mission, TX 78572 Full Service B&M $80,002
Plainscapital Bank 503 N.D. Salinas Donna, TX 78537 Full Service B&M $88,366
Plainscapital Bank 550 Reserve Street, Ste 125 Southlake, TX 76092 Full Service B&M $50,496
Plainscapital Bank 5821 82nd Street Lubbock, TX 79424 Full Service B&M $17,375
Plainscapital Bank 5921 Saratoga Corpus Christi, TX 78414 Full Service B&M $35,482
Plainscapital Bank 6000 Western Place Fort Worth, TX 76107 Full Service B&M $18,541
Plainscapital Bank 6002 Slide Road Lubbock, TX 79414 Full Service B&M $11,662
Plainscapital Bank 6565 Hillcrest Avenue University Park, TX 75205 Full Service B&M $2,220,860
Plainscapital Bank 6635 Cowboys Way, Suite 100 Frisco, TX 75034 Full Service B&M $180,116
Plainscapital Bank 70 Northeast Interstate 410 Loop, Suite 100 San Antonio, TX 78216 Full Service B&M $95,398
Plainscapital Bank 7201 North 10th Street Mcallen, TX 78504 Full Service B&M $237,326
Plainscapital Bank 7316 Slide Road Lubbock, TX 79413 Full Service B&M $62,966
Plainscapital Bank 7905 North Expressway 77/83 Olmito, TX 78575 Full Service B&M $24,364
Plainscapital Bank 1748 Esat Broad Street, Suite 102 Mansfield, TX 76063 Full Service B&M $89,994
Plainscapital Bank 18111 Preston Road, Suite 110 Dallas, TX 75252 Full Service B&M $372,292
Plainscapital Bank 1821 South 10th Street Mcallen, TX 78503 Full Service B&M $66,011
Plainscapital Bank 1920 South Closner Edinburg, TX 78539 Full Service B&M $79,722
Plainscapital Bank 201 West 5th Street Austin, TX 78701 Full Service B&M $796,537
Plainscapital Bank 2323 Victory Avenue Dallas, TX 75219 Full Service B&M $21,733
Plainscapital Bank 25 East Price Road Brownsville, TX 78520 Full Service B&M $82,556
Plainscapital Bank 2500 Legacy Dr., Ste. 150 Frisco, TX 75034 Full Service B&M $52,756
Plainscapital Bank 2524 82nd Street Lubbock, TX 79423 Full Service B&M $28,328
Plainscapital Bank 2525 Richmond Ave Houston, TX 77098 Limited, Mobile/Seasonal Office $0
Plainscapital Bank 2705 Bee Caves Road, Suite 120 Austin, TX 78746 Full Service B&M $369,886
Plainscapital Bank 2911 Turtle Creek Suite 1300 Dallas, TX 75219 Full Service B&M $895,044
Plainscapital Bank 2925 Richmond Avenue Houston, TX 77098 Full Service B&M $70,759
Plainscapital Bank 2929 Kirby Houston, TX 77098 Full Service B&M $237,649
Plainscapital Bank 325 North Saint Paul Street Dallas, TX 75201 Full Service B&M $128,934
Plainscapital Bank 3388 Old Spanish Trail Houston, TX 77021 Full Service B&M $9,893
Plainscapital Bank 3417 Gaston Avenue, Suite 150 Dallas, TX 75246 Full Service B&M $97,628
Plainscapital Bank 3707 Camp Bowie Blvd., Ste 100 Fort Worth, TX 76107 Full Service B&M $202,022
Plainscapital Bank 400 Sundance Parkway Round Rock, TX 78681 Full Service B&M $287,393
Plainscapital Bank 4002 16th St Lubbock, TX 79416 Full Service B&M $14,195
Plainscapital Bank 4415 4th Street Lubbock, TX 79416 Full Service B&M $89,049
Plainscapital Bank 4511 Milwaukee Avenue Lubbock, TX 79407 Full Service B&M $34,143
Plainscapital Bank 500 North Shoreline Blvd. Corpus Christi, TX 78401 Full Service B&M $135,524
Plainscapital Bank 5010 University Avenue Lubbock, TX 79413 Full Service B&M $1,785,715
Plainscapital Bank 7925 N New Braunfels San Antonio, TX 78209 Full Service B&M $41,553
Plainscapital Bank 801 Houston Street Fort Worth, TX 76102 Full Service B&M $278,170
Plainscapital Bank 804 North Collins Street Arlington, TX 76011 Full Service B&M $193,894
Plainscapital Bank 8200 Douglas Ave Ste 100 Dallas, TX 75225 Full Service B&M $557,092
Plainscapital Bank 8200 Ih-10 West, Suite 120 San Antonio, TX 78230 Full Service B&M $30,431
Plainscapital Bank 911 W Expressway 83 Weslaco, TX 78596 Full Service B&M $59,999
Plainscapital Bank 9802 Quaker Lubbock, TX 79424 Full Service B&M $64,455
Plainscapital Bank Five Riverway, Suite 100a And 100b Houston, TX 77056 Full Service B&M $244,760
Plainscapital Bank 100 Crown Pointe Boulevard Suite 101 Willow Park, TX 76087 Full Service B&M $63,111
Plainscapital Bank 100 E. Nolana Pharr, TX 78577 Full Service B&M $79,372
Plainscapital Bank 100 W. Morrison Rd. Brownsville, TX 78520 Full Service B&M $68,351

For 2021, Plainscapital Bank had 60 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $423,593
Net interest income $389,936
Total noninterest income $1,026,409
Gross Fiduciary activities income $10,998
Service charges on deposit accounts $16,866
Trading account gains and fees $1,449
Additional Noninterest Income $997,096
Pre-tax net operating income $519,071
Securities gains (or losses, -) $33
Income before extraordinary items $397,044
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $397,044
Minority interest net income $10,106
Net income $386,938
Sale, conversion, retirement of capital stock, net $3,574
Net operating income $397,017

Plainscapital Bank's gross interest income from loans was $423,593,000.
Plainscapital Bank's net interest income from loans was $389,936,000.
Plainscapital Bank's fee based income from loans was $16,866,000.
Plainscapital Bank's net income from loans was $386,938,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $33,657
Provision for credit losses $-58,175
Total noninterest expense $955,449
Salaries and employee benefits $698,502
Premises and equipment expense $64,457
Additional noninterest expense $192,490
Applicable income taxes $122,060
Net charge-offs $-521
Cash dividends $295,000

Plainscapital Bank's interest expense for loans was $33,657,000.
Plainscapital Bank's payroll and benefits expense were $698,502,000.
Plainscapital Bank's property, plant and equipment expenses $64,457,000.

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 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 2.0%
HELOC loans 6.0%
All other family 2.0%
Commercial & industrial loans 2.0%
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 $12,827,199
Deposits held in domestic offices $12,827,199
Deposits by Individuals, partnerships, and corporations $12,029,337
Deposits by U.S. Government $3
Deposits by States and political subdivisions in the U.S. $746,305
Deposits by Commercial banks and other depository institutions in U.S. $51,554
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $2,040,824
Demand deposits $2,040,824
Nontransaction accounts $10,786,375
Money market deposit accounts (MMDAs) $9,462,351
Other savings deposits (excluding MMDAs) $345,795
Total time deposits $978,229
Total time and savings deposits $10,786,375
Noninterest-bearing deposits $4,745,595
Interest-bearing deposits $8,081,604
Retail deposits $12,188,574
IRAs and Keogh plan accounts $496,714
Brokered deposits $228,484
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $15,019,689
Cash & Balances due from depository institutions $2,794,011
Interest-bearing balances $2,695,982
Total securities $2,398,492
Federal funds sold & reverse repurchase $161,985
Net loans and leases $8,933,724
Loan and leases loss allowance $91,177
Trading account assets $30,643
Bank premises and fixed assets $154,124
Other real estate owned $2,833
Goodwill and other intangibles $360,191
All other assets $183,686

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $15,019,689
Total Liabilities $13,293,996
Total deposits $12,827,199
Interest-bearing deposits $8,081,604
Deposits held in domestic offices $12,827,199
% insured (estimated) $56
Federal funds purchased and repurchase agreements $171,925
Trading liabilities $813
Other borrowed funds $116,670
Subordinated debt $0
All other liabilities $177,389

Issued Loan Types

Type Value (in 000's)
Net loans and leases $8,933,724
Loan and leases loss allowance $91,177
Total loans and leases (domestic) $9,024,901
All real estate loans $7,117,131
Real estate loans in domestic offices $7,117,131
Construction and development loans $924,517
Residential 1-4 family construction $208,734
Other construction, all land development and other land $715,783
Loans secured by nonfarm nonresidential properties $2,792,358
Nonfarm nonresidential secured by owner-occupied properties $1,227,343
Commercial real estate & other non-farm, non-residential $1,565,015
Multifamily residential real estate $164,684
1-4 family residential loans $3,149,885
Farmland loans $85,687
Loans held in foreign offices $0
Farm loans $23,424
Commercial and industrial loans $1,037,474
To non-U.S. addressees $5,759
Loans to individuals $26,844
Credit card loans $0
Related Plans $5,298
Consumer Auto Loans $3,144
Other loans to individuals $18,402
All other loans & leases $820,028
Loans to foreign governments and official institutions $0
Other loans $814,899
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $78,371
Loans secured by real estate to non-U.S. addressees $3,194
Restructured Loans & leases $922
Non 1-4 family restructured loans & leases $577
Total loans and leases (foreign) $0

PlainsCapital Bank had $8,933,724,000 of loans outstanding in 2021. $7,117,131,000 of loans were in real estate loans. $924,517,000 of loans were in development loans. $164,684,000 of loans were in multifamily mortgage loans. $3,149,885,000 of loans were in 1-4 family mortgage loans. $23,424,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,144,000 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 1,108 $373,516 $337,108
Nonfarm, nonresidential loans - <$100k 83 $3,664 $44,145
Nonfarm, nonresidential loans - $100-250k 260 $34,472 $132,585
Nonfarm, nonresidential loans - $250k-1MM 765 $335,380 $438,405
Commercial & Industrial, US addressed loans - <$1MM 3,314 $356,203 $107,484
Commercial & Industrial, US addressed loans - <$100k 1,796 $50,737 $28,250
Commercial & Industrial, US addressed loans - $100-250k 702 $75,885 $108,098
Commercial & Industrial, US addressed loans - $250k-1MM 816 $229,581 $281,349
Farmland loans - <$1MM 78 $12,853 $164,782
Farmland loans - <$100k 23 $942 $40,957
Farmland loans - $100-250k 26 $3,591 $138,115
Farmland loans - $250k-1MM 29 $8,320 $286,897
Agriculture operations loans - <$1MM 171 $9,229 $53,971
Agriculture operations loans - <$100k 133 $3,709 $27,887
Agriculture operations loans - $100-250k 27 $2,772 $102,667
Agriculture operations loans - $250k-1MM 11 $2,748 $249,818