Vantage Bank Texas Mortgage Rates, Fees & Info
San Antonio, TXLEI: 549300PG87MHQ7H4CO08
Tax ID: 74-0856797
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Mortgage Data
Bank Data
Review & 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. Their top markets by origination volume include: Brownsville, Mcallen, Laredo, Miami, and San Antonio among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Vantage Bank Texas 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
100Origination Dollar Volume (All Markets)
$28,910,000Employee count
473Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 17 | $11,415,000 | $671,471 | $0 | 0.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 51 | $9,075,000 | $177,941 | $0 | 0.00% |
| LAREDO, TX (FHA|USDA|VA) | 23 | $5,625,000 | $244,565 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $0 | 0.00% |
| EL PASO, TX (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 100 | $28,910,000 | $289,100 | $0 | 0.00% |
For 2018, Vantage Bank Texas's most frequently originated type of loan was Conventional, with 100 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 73 | $16,185,000 | $221,712 | $0 | 0.00% |
| Refi | 23 | $12,075,000 | $525,000 | $0 | 0.00% |
| Cash Out Refi | 4 | $650,000 | $162,500 | $0 | 0.00% |
For 2018, Vantage Bank Texas's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 100 | $28,910,000 | $289,100 | $0 | 0.00% |
For 2018, Vantage Bank Texas's most frequently cited loan duration was Other, with 100 originations.
Loan Sizing
2018 saw Vantage Bank Texas place emphasis on $100k-200k loans with 46 originations, totaling $6,430,000 in origination value.
Applicant Income
Vantage Bank Texas lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $50k or less, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 100 | $28,910,000 | $289,100 | $0 | 0.00% |
Vantage Bank Texas lent most frequently to those with DTI ratios of Exempt%, with 100 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.82%
Vantage Bank Texas has a below average approval rate.
Pick Rate
Approvals leading to origination35.00%
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 | 100 | $28,910,000 | $289,100 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 5 | $11,655,000 | $2,331,000 |
| Single Family (1-4 Units):Site-Built | 95 | $17,255,000 | $181,632 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| VANDYK MORTGAGE CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| VANDYK MORTGAGE CORPORATION | FHA mortgage | Closing on a mortgage | 1 | 50.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Vantage Bank Texas | 1401 19th Street Hondo, TX 78861 | Full Service B&M | $37,186 |
| Vantage Bank Texas | 111 East Plasuela St Refugio, TX 78377 | Full Service B&M | $48,879 |
| Vantage Bank Texas | 18698 Tuscany Stone San Antonio, TX 78258 | Full Service B&M | $35,697 |
| Vantage Bank Texas | 220 West Village Laredo, TX 78041 | Full Service B&M | $37,227 |
| Vantage Bank Texas | 45 Ne Loop 410 Suite 500 San Antonio, TX 78216 | Full Service B&M | $137,191 |
| Vantage Bank Texas | 901 South 10th Street Mcallen, TX 78501 | Full Service B&M | $173,175 |
For 2018, Vantage Bank Texas had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $93,433 |
| Net interest income | $85,687 |
| Total noninterest income | $14,806 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $4,750 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $10,056 |
| Pre-tax net operating income | $24,594 |
| Securities gains (or losses, -) | $65 |
| Income before extraordinary items | $19,702 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $19,702 |
| Minority interest net income | $0 |
| Net income | $19,702 |
| Sale, conversion, retirement of capital stock, net | $-7 |
| Net operating income | $19,650 |
Vantage Bank Texas's gross interest income from loans was $93,433,000.
Vantage Bank Texas's net interest income from loans was $85,687,000.
Vantage Bank Texas's fee based income from loans was $4,750,000.
Vantage Bank Texas's net income from loans was $19,702,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $7,746 |
| Provision for credit losses | $13,055 |
| Total noninterest expense | $62,844 |
| Salaries and employee benefits | $38,406 |
| Premises and equipment expense | $6,615 |
| Additional noninterest expense | $17,823 |
| Applicable income taxes | $4,957 |
| Net charge-offs | $10,805 |
| Cash dividends | $9,000 |
Vantage Bank Texas's interest expense for loans was $7,746,000.
Vantage Bank Texas's payroll and benefits expense were $38,406,000.
Vantage Bank Texas's property, plant and equipment expenses $6,615,000.
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 | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| 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 | $1,634,921 |
| Deposits held in domestic offices | $1,634,921 |
| Deposits by Individuals, partnerships, and corporations | $1,518,940 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $115,907 |
| Deposits by Commercial banks and other depository institutions in U.S. | $75 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $328,970 |
| Demand deposits | $243,290 |
| Nontransaction accounts | $1,305,952 |
| Money market deposit accounts (MMDAs) | $788,077 |
| Other savings deposits (excluding MMDAs) | $44,756 |
| Total time deposits | $473,119 |
| Total time and savings deposits | $1,391,632 |
| Noninterest-bearing deposits | $623,414 |
| Interest-bearing deposits | $1,011,507 |
| Retail deposits | $1,330,535 |
| IRAs and Keogh plan accounts | $5,312 |
| Brokered deposits | $4,092 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,916,572 |
| Cash & Balances due from depository institutions | $172,429 |
| Interest-bearing balances | $146,491 |
| Total securities | $137,025 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,463,457 |
| Loan and leases loss allowance | $9,619 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $43,044 |
| Other real estate owned | $1,170 |
| Goodwill and other intangibles | $14,374 |
| All other assets | $85,073 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,916,572 |
| Total Liabilities | $1,642,533 |
| Total deposits | $1,634,921 |
| Interest-bearing deposits | $1,011,507 |
| Deposits held in domestic offices | $1,634,921 |
| % insured (estimated) | $51 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $7,612 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,463,457 |
| Loan and leases loss allowance | $9,619 |
| Total loans and leases (domestic) | $1,473,076 |
| All real estate loans | $1,275,223 |
| Real estate loans in domestic offices | $1,275,223 |
| Construction and development loans | $221,566 |
| Residential 1-4 family construction | $27,150 |
| Other construction, all land development and other land | $194,416 |
| Loans secured by nonfarm nonresidential properties | $825,628 |
| Nonfarm nonresidential secured by owner-occupied properties | $319,569 |
| Commercial real estate & other non-farm, non-residential | $506,059 |
| Multifamily residential real estate | $107,360 |
| 1-4 family residential loans | $108,234 |
| Farmland loans | $12,435 |
| Loans held in foreign offices | $0 |
| Farm loans | $3,389 |
| Commercial and industrial loans | $171,280 |
| To non-U.S. addressees | $16,419 |
| Loans to individuals | $13,084 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,479 |
| Other loans to individuals | $11,605 |
| All other loans & leases | $10,101 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $9,998 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $30,007 |
| Loans secured by real estate to non-U.S. addressees | $32,043 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Vantage Bank Texas had $1,463,457,000 of loans outstanding in 2018. $1,275,223,000 of loans were in real estate loans. $221,566,000 of loans were in development loans. $107,360,000 of loans were in multifamily mortgage loans. $108,234,000 of loans were in 1-4 family mortgage loans. $3,389,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,479,000 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 | 484 | $140,045 | $289,349 |
| Nonfarm, nonresidential loans - <$100k | 52 | $2,099 | $40,365 |
| Nonfarm, nonresidential loans - $100-250k | 141 | $17,517 | $124,234 |
| Nonfarm, nonresidential loans - $250k-1MM | 291 | $120,429 | $413,845 |
| Commercial & Industrial, US addressed loans - <$1MM | 703 | $87,066 | $123,849 |
| Commercial & Industrial, US addressed loans - <$100k | 301 | $10,329 | $34,316 |
| Commercial & Industrial, US addressed loans - $100-250k | 198 | $21,299 | $107,571 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 204 | $55,438 | $271,755 |
| Farmland loans - <$1MM | 14 | $1,445 | $103,214 |
| Farmland loans - <$100k | 5 | $122 | $24,400 |
| Farmland loans - $100-250k | 4 | $318 | $79,500 |
| Farmland loans - $250k-1MM | 5 | $1,005 | $201,000 |
| Agriculture operations loans - <$1MM | 9 | $820 | $91,111 |
| Agriculture operations loans - <$100k | 6 | $115 | $19,167 |
| Agriculture operations loans - $100-250k | 2 | $305 | $152,500 |
| Agriculture operations loans - $250k-1MM | 1 | $400 | $400,000 |