Vantage Bank Texas Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 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

100

Origination Dollar Volume (All Markets)

$28,910,000

Employee count

473

Top 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%
Vantage Bank Texas's top markets include Brownsville, Mcallen, Laredo, Miami, and San Antonio among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 46 $6,430,000 $139,783 $0 0.00%
    $100,000 or less 23 $1,575,000 $68,478 $0 0.00%
    $200k-400k 21 $5,945,000 $283,095 $0 0.00%
    $400k-600k 5 $2,155,000 $431,000 $0 0.00%
    $1MM+ 4 $11,920,000 $2,980,000 $0 0.00%
    $600k-1MM 1 $885,000 $885,000 $0 0.00%

    2018 saw Vantage Bank Texas place emphasis on $100k-200k loans with 46 originations, totaling $6,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $3,770,000 $125,667 $0 0.00%
    $50k or less 19 $1,965,000 $103,421 $0 0.00%
    $100k-150k 17 $3,905,000 $229,706 $0 0.00%
    $75k-100k 10 $1,850,000 $185,000 $0 0.00%
    $250k+ 9 $1,625,000 $180,556 $0 0.00%
    $150k-250k 7 $2,075,000 $296,429 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 90 $14,530,000 $161,444 $0 0.00%
    Not applicable 8 $13,720,000 $1,715,000 $0 0.00%
    Asian 2 $660,000 $330,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.82%

    Vantage Bank Texas has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    35.00%

    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