Vantage Bank Texas Mortgage Rates, Fees & Info
San Antonio, TX
LEI: 549300PG87MHQ7H4CO08
Tax ID: 74-0856797
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Mortgage Data
Bank 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
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.
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 |
