Vantage Bank Texas Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 549300PG87MHQ7H4CO08

Tax ID: 74-0856797

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Vantage Bank Texas is a smaller bank specializing in Home Purchase and Refi loans. Vantage Bank Texas has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Dallas, San Antonio, Houston, Mcallen, and Austin among others. Vantage Bank Texas has an 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

349

Origination Dollar Volume (All Markets)

$150,005,000

Employee count

453

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 51 $36,695,000 $719,510 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 68 $28,380,000 $417,353 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 52 $21,290,000 $409,423 $0 0.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 69 $18,255,000 $264,565 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 12 $9,780,000 $815,000 $0 0.00%
LAREDO, TX (FHA|USDA|VA) 41 $7,765,000 $189,390 $0 0.00%
EL PASO, TX (FHA|USDA|VA) 18 $7,350,000 $408,333 $0 0.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 16 $6,060,000 $378,750 $0 0.00%
Beeville, TX (FHA|USDA|VA) 1 $3,375,000 $3,375,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $2,775,000 $2,775,000 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $2,230,000 $1,115,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $1,960,000 $980,000 $0 0.00%
Outside of Metro Areas 3 $885,000 $295,000 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 2 $480,000 $240,000 $0 0.00%
Ruidoso, NM (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
Elko, NV (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
Rockport, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
LAS CRUCES, NM (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
WACO, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Rio Grande City-Roma, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Raymondville, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%

Vantage Bank Texas's top markets include Dallas, San Antonio, Houston, Mcallen, and Austin among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 342 $148,650,000 $434,649 $0 0.00%
FHA 7 $1,355,000 $193,571 $0 0.00%

For the 2021 period, Vantage Bank Texas's most frequently originated loan type of loans were Conventional, with 342 originations. Their 2nd most popular type is FHA, with 7 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 232 $106,970,000 $461,078 $0 0.00%
Refi 77 $31,175,000 $404,870 $0 0.00%
Cash Out Refi 23 $5,805,000 $252,391 $0 0.00%
Other 17 $6,055,000 $356,176 $0 0.00%

For the 2021, Vantage Bank Texas's most frequently cited loan purpose of loans were Home Purchase, with 232 originations. The 2nd most popular reason of loans were Refi, with 77 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 349 $150,005,000 $429,814 $0 0.00%

For the 2021, Vantage Bank Texas's most frequently cited loan length of loans were Other, with 349 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 133 $38,655,000 $290,639 $0 0.00%
$100k-200k 80 $11,930,000 $149,125 $0 0.00%
$400k-600k 56 $27,940,000 $498,929 $0 0.00%
$600k-1MM 29 $21,605,000 $745,000 $0 0.00%
$1MM+ 26 $47,990,000 $1,845,769 $0 0.00%
$100,000 or less 25 $1,885,000 $75,400 $0 0.00%

2021 saw Vantage Bank Texas place emphasis on $200k-400k loans with 133 originations, totaling $38,655,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 87 $58,685,000 $674,540 $0 0.00%
$150k-250k 71 $25,215,000 $355,141 $0 0.00%
$100k-150k 59 $15,555,000 $263,644 $0 0.00%
$50k-75k 30 $6,180,000 $206,000 $0 0.00%
$75k-100k 25 $5,565,000 $222,600 $0 0.00%
$50k or less 24 $2,810,000 $117,083 $0 0.00%

Vantage Bank Texas lent most frequently to those with incomes in the $250k+ range, with 87 originations. The second most popular income band? $150k-250k, with 71 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 349 $150,005,000 $429,814 $0 0.00%

Vantage Bank Texas lent most frequently to those with DTI ratios of Exempt%, with 349 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 273 $105,675,000 $387,088 $0 0.00%
Not applicable 53 $35,995,000 $679,151 $0 0.00%
Not provided 13 $5,495,000 $422,692 $0 0.00%
Asian 5 $1,835,000 $367,000 $0 0.00%
American Indian 4 $720,000 $180,000 $0 0.00%
Black 1 $285,000 $285,000 $0 0.00%

Approval Rates

Total approvals of all applications
87.23%

Vantage Bank Texas has an average approval rate.

Pick Rate

Approvals leading to origination
63.29%

Vantage Bank Texas has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
Exempt 349 $150,005,000 $429,814

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
349 $150,005,000 $429,814

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
VANDYK MORTGAGE CORPORATION FHA mortgage Closing on a mortgage 2 66.7%
VANDYK MORTGAGE CORPORATION FHA mortgage Trouble during payment process 1 33.3%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Vantage Bank Texas 901 South 10th Street Mcallen, TX 78501 Full Service B&M $292,453
Vantage Bank Texas 111 East Plasuela St Refugio, TX 78377 Full Service B&M $46,175
Vantage Bank Texas 1401 19th Street Hondo, TX 78861 Full Service B&M $59,382
Vantage Bank Texas 1502 South Sugar Road Edinburg, TX 78539 Full Service B&M $33,658
Vantage Bank Texas 1524 North Mccoll Road Mcallen, TX 78501 Full Service B&M $49,896
Vantage Bank Texas 1700 South 10th Street Mcallen, TX 78503 Full Service B&M $44,248
Vantage Bank Texas 1705 North 23rd Street Mcallen, TX 78501 Full Service B&M $14,942
Vantage Bank Texas 175 E. Arizona El Paso, TX 79902 Full Service B&M $198,793
Vantage Bank Texas 1785 Ruben M. Torres Blvd Brownsville, TX 78521 Full Service B&M $28,144
Vantage Bank Texas 1790 Lee Trevino Dr, Ste 100 El Paso, TX 79936 Full Service B&M $41,340
Vantage Bank Texas 1801 South 2nd Street Mcallen, TX 78503 Full Service B&M $822,573
Vantage Bank Texas 18698 Tuscany Stone San Antonio, TX 78258 Full Service B&M $95,316
Vantage Bank Texas 1926 East Griffin Parkway Mission, TX 78572 Full Service B&M $35,220
Vantage Bank Texas 2401 East Expressway 83 Mission, TX 78572 Full Service B&M $26,660
Vantage Bank Texas 251 Shadow Mountain Dr El Paso, TX 79912 Full Service B&M $48,985
Vantage Bank Texas 3607 Plantation Grove Blvd. Mission, TX 78572 Full Service B&M $26,967
Vantage Bank Texas 400 North Texas Blvd Weslaco, TX 78596 Full Service B&M $58,461
Vantage Bank Texas 45 Ne Loop 410 Suite 500 San Antonio, TX 78216 Full Service B&M $237,423
Vantage Bank Texas 4520 Camp Bowie Boulevard Fort Worth, TX 76107 Full Service B&M $71,928
Vantage Bank Texas 4819 San Dario Laredo, TX 78041 Full Service B&M $23,445
Vantage Bank Texas 713 East Tom Landry Mission, TX 78572 Full Service B&M $33,465
Vantage Bank Texas 7219 Mcpherson Road Laredo, TX 78041 Full Service B&M $121,806
Vantage Bank Texas 730 West Nolana Mcallen, TX 78504 Full Service B&M $36,465
Vantage Bank Texas 777 Taylor Street Suite 902 Fort Worth, TX 76102 Full Service B&M $47,113

For 2021, Vantage Bank Texas had 24 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $105,210
Net interest income $99,219
Total noninterest income $16,786
Gross Fiduciary activities income $0
Service charges on deposit accounts $3,881
Trading account gains and fees $0
Additional Noninterest Income $12,905
Pre-tax net operating income $33,357
Securities gains (or losses, -) $356
Income before extraordinary items $33,713
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $33,713
Minority interest net income $0
Net income $33,713
Sale, conversion, retirement of capital stock, net $0
Net operating income $33,357

Vantage Bank Texas's gross interest income from loans was $105,210,000.
Vantage Bank Texas's net interest income from loans was $99,219,000.
Vantage Bank Texas's fee based income from loans was $3,881,000.
Vantage Bank Texas's net income from loans was $33,713,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $5,991
Provision for credit losses $6,449
Total noninterest expense $76,199
Salaries and employee benefits $46,043
Premises and equipment expense $7,629
Additional noninterest expense $22,527
Applicable income taxes $0
Net charge-offs $-1,224
Cash dividends $20,662

Vantage Bank Texas's interest expense for loans was $5,991,000.
Vantage Bank Texas's payroll and benefits expense were $46,043,000.
Vantage Bank Texas's property, plant and equipment expenses $7,629,000.

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 1.0%
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 $2,745,846
Deposits held in domestic offices $2,745,846
Deposits by Individuals, partnerships, and corporations $2,504,131
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $216,812
Deposits by Commercial banks and other depository institutions in U.S. $24,903
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $301,577
Demand deposits $137,068
Nontransaction accounts $2,444,269
Money market deposit accounts (MMDAs) $1,885,854
Other savings deposits (excluding MMDAs) $74,807
Total time deposits $483,608
Total time and savings deposits $2,608,778
Noninterest-bearing deposits $1,219,754
Interest-bearing deposits $1,526,092
Retail deposits $2,449,550
IRAs and Keogh plan accounts $10,501
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $3,079,855
Cash & Balances due from depository institutions $353,241
Interest-bearing balances $325,463
Total securities $189,298
Federal funds sold & reverse repurchase $0
Net loans and leases $2,389,666
Loan and leases loss allowance $33,702
Trading account assets $0
Bank premises and fixed assets $46,173
Other real estate owned $1,143
Goodwill and other intangibles $9,132
All other assets $91,202

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $3,079,855
Total Liabilities $2,759,796
Total deposits $2,745,846
Interest-bearing deposits $1,526,092
Deposits held in domestic offices $2,745,846
% insured (estimated) $35
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $13,950

Issued Loan Types

Type Value (in 000's)
Net loans and leases $2,389,666
Loan and leases loss allowance $33,702
Total loans and leases (domestic) $2,423,368
All real estate loans $1,887,471
Real estate loans in domestic offices $1,887,471
Construction and development loans $468,999
Residential 1-4 family construction $43,311
Other construction, all land development and other land $425,688
Loans secured by nonfarm nonresidential properties $1,065,695
Nonfarm nonresidential secured by owner-occupied properties $378,330
Commercial real estate & other non-farm, non-residential $687,365
Multifamily residential real estate $100,949
1-4 family residential loans $218,683
Farmland loans $33,145
Loans held in foreign offices $0
Farm loans $3,314
Commercial and industrial loans $505,621
To non-U.S. addressees $0
Loans to individuals $7,368
Credit card loans $0
Related Plans $0
Consumer Auto Loans $481
Other loans to individuals $6,887
All other loans & leases $19,594
Loans to foreign governments and official institutions $0
Other loans $19,566
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $50,877
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $17,533
Non 1-4 family restructured loans & leases $16,216
Total loans and leases (foreign) $0

Vantage Bank Texas had $2,389,666,000 of loans outstanding in 2021. $1,887,471,000 of loans were in real estate loans. $468,999,000 of loans were in development loans. $100,949,000 of loans were in multifamily mortgage loans. $218,683,000 of loans were in 1-4 family mortgage loans. $3,314,000 of loans were in farm loans. $0 of loans were in credit card loans. $481,000 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 451 $151,076 $334,980
Nonfarm, nonresidential loans - <$100k 25 $1,149 $45,960
Nonfarm, nonresidential loans - $100-250k 124 $14,812 $119,452
Nonfarm, nonresidential loans - $250k-1MM 302 $135,115 $447,401
Commercial & Industrial, US addressed loans - <$1MM 832 $124,537 $149,684
Commercial & Industrial, US addressed loans - <$100k 394 $14,572 $36,985
Commercial & Industrial, US addressed loans - $100-250k 200 $23,816 $119,080
Commercial & Industrial, US addressed loans - $250k-1MM 238 $86,149 $361,971
Farmland loans - <$1MM 13 $2,157 $165,923
Farmland loans - <$100k 2 $94 $47,000
Farmland loans - $100-250k 3 $325 $108,333
Farmland loans - $250k-1MM 8 $1,738 $217,250
Agriculture operations loans - <$1MM 10 $645 $64,500
Agriculture operations loans - <$100k 6 $124 $20,667
Agriculture operations loans - $100-250k 2 $121 $60,500
Agriculture operations loans - $250k-1MM 2 $400 $200,000