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 loans. Vantage Bank Texas has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Mcallen, San Antonio, Laredo, and Brownsville among others. We have data for 15 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
207Origination Dollar Volume (All Markets)
$68,165,000Employee count
458Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 18 | $17,640,000 | $980,000 | $0 | 0.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 80 | $17,230,000 | $215,375 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 31 | $12,025,000 | $387,903 | $0 | 0.00% |
| LAREDO, TX (FHA|USDA|VA) | 31 | $7,505,000 | $242,097 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 16 | $4,340,000 | $271,250 | $0 | 0.00% |
| EL PASO, TX (FHA|USDA|VA) | 12 | $3,510,000 | $292,500 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $1,940,000 | $242,500 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,635,000 | $545,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| Eagle Pass, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Beeville, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 207 | $68,165,000 | $329,300 | $0 | 0.00% |
For 2020, Vantage Bank Texas's most frequently originated type of loan was Conventional, with 207 originations.
Loan Reason
For 2020, Vantage Bank Texas's most frequently cited loan purpose was Home Purchase, with 146 originations. The 2nd most popular reason was Refi, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 207 | $68,165,000 | $329,300 | $0 | 0.00% |
For 2020, Vantage Bank Texas's most frequently cited loan duration was Other, with 207 originations.
Loan Sizing
2020 saw Vantage Bank Texas place emphasis on $200k-400k loans with 87 originations, totaling $24,805,000 in origination value.
Applicant Income
Vantage Bank Texas lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $150k-250k, with 39 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 207 | $68,165,000 | $329,300 | $0 | 0.00% |
Vantage Bank Texas lent most frequently to those with DTI ratios of Exempt%, with 207 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.89%
Vantage Bank Texas has an average approval rate.
Pick Rate
Approvals leading to origination58.45%
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 | 207 | $68,165,000 | $329,300 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| VANDYK MORTGAGE CORPORATION | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| VANDYK MORTGAGE CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Vantage Bank Texas | 111 East Plasuela St Refugio, TX 78377 | Full Service B&M | $46,472 |
| Vantage Bank Texas | 1401 19th Street Hondo, TX 78861 | Full Service B&M | $50,382 |
| Vantage Bank Texas | 1502 South Sugar Road Edinburg, TX 78539 | Full Service B&M | $27,824 |
| Vantage Bank Texas | 1524 North Mccoll Road Mcallen, TX 78501 | Full Service B&M | $22,920 |
| Vantage Bank Texas | 1700 South 10th Street Mcallen, TX 78503 | Full Service B&M | $34,887 |
| Vantage Bank Texas | 1705 North 23rd Street Mcallen, TX 78501 | Full Service B&M | $13,453 |
| Vantage Bank Texas | 175 E. Arizona El Paso, TX 79902 | Full Service B&M | $208,256 |
| Vantage Bank Texas | 1785 Ruben M. Torres Blvd Brownsville, TX 78521 | Full Service B&M | $25,341 |
| Vantage Bank Texas | 1790 Lee Trevino Dr, Ste 100 El Paso, TX 79936 | Full Service B&M | $35,116 |
| Vantage Bank Texas | 1801 South 2nd Street Mcallen, TX 78503 | Full Service B&M | $733,140 |
| Vantage Bank Texas | 18698 Tuscany Stone San Antonio, TX 78258 | Full Service B&M | $47,051 |
| Vantage Bank Texas | 1926 East Griffin Parkway Mission, TX 78572 | Full Service B&M | $32,570 |
| Vantage Bank Texas | 2401 East Expressway 83 Mission, TX 78572 | Full Service B&M | $21,120 |
| Vantage Bank Texas | 251 Shadow Mountain Dr El Paso, TX 79912 | Full Service B&M | $51,084 |
| Vantage Bank Texas | 3607 Plantation Grove Blvd. Mission, TX 78572 | Full Service B&M | $49,515 |
| Vantage Bank Texas | 400 North Texas Blvd Weslaco, TX 78596 | Full Service B&M | $53,297 |
| Vantage Bank Texas | 45 Ne Loop 410 Suite 500 San Antonio, TX 78216 | Full Service B&M | $186,593 |
| Vantage Bank Texas | 4819 San Dario Laredo, TX 78041 | Full Service B&M | $19,717 |
| Vantage Bank Texas | 713 East Tom Landry Mission, TX 78572 | Full Service B&M | $33,333 |
| Vantage Bank Texas | 7219 Mcpherson Road Laredo, TX 78041 | Full Service B&M | $91,391 |
| Vantage Bank Texas | 730 West Nolana Mcallen, TX 78504 | Full Service B&M | $29,750 |
| Vantage Bank Texas | 777 Taylor Street Suite 902 Fort Worth, TX 76102 | Full Service B&M | $57,454 |
| Vantage Bank Texas | 901 South 10th Street Mcallen, TX 78501 | Full Service B&M | $196,815 |
For 2020, Vantage Bank Texas had 23 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $99,333 |
| Net interest income | $87,825 |
| Total noninterest income | $14,685 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $3,923 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $10,762 |
| Pre-tax net operating income | $23,002 |
| Securities gains (or losses, -) | $630 |
| Income before extraordinary items | $24,464 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $24,464 |
| Minority interest net income | $0 |
| Net income | $24,464 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $23,834 |
Vantage Bank Texas's gross interest income from loans was $99,333,000.
Vantage Bank Texas's net interest income from loans was $87,825,000.
Vantage Bank Texas's fee based income from loans was $3,923,000.
Vantage Bank Texas's net income from loans was $24,464,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $11,508 |
| Provision for credit losses | $11,340 |
| Total noninterest expense | $68,168 |
| Salaries and employee benefits | $40,292 |
| Premises and equipment expense | $6,981 |
| Additional noninterest expense | $20,895 |
| Applicable income taxes | $-832 |
| Net charge-offs | $1,183 |
| Cash dividends | $21,209 |
Vantage Bank Texas's interest expense for loans was $11,508,000.
Vantage Bank Texas's payroll and benefits expense were $40,292,000.
Vantage Bank Texas's property, plant and equipment expenses $6,981,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 1.0% |
| 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 | $2,213,722 |
| Deposits held in domestic offices | $2,213,722 |
| Deposits by Individuals, partnerships, and corporations | $1,994,866 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $172,633 |
| Deposits by Commercial banks and other depository institutions in U.S. | $46,223 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $232,405 |
| Demand deposits | $98,875 |
| Nontransaction accounts | $1,981,317 |
| Money market deposit accounts (MMDAs) | $1,363,679 |
| Other savings deposits (excluding MMDAs) | $66,028 |
| Total time deposits | $551,610 |
| Total time and savings deposits | $2,114,847 |
| Noninterest-bearing deposits | $909,175 |
| Interest-bearing deposits | $1,304,547 |
| Retail deposits | $1,895,892 |
| IRAs and Keogh plan accounts | $17,751 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,508,606 |
| Cash & Balances due from depository institutions | $304,337 |
| Interest-bearing balances | $261,127 |
| Total securities | $91,790 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,966,878 |
| Loan and leases loss allowance | $26,029 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $44,852 |
| Other real estate owned | $3,181 |
| Goodwill and other intangibles | $10,880 |
| All other assets | $86,688 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,508,606 |
| Total Liabilities | $2,222,209 |
| Total deposits | $2,213,722 |
| Interest-bearing deposits | $1,304,547 |
| Deposits held in domestic offices | $2,213,722 |
| % insured (estimated) | $41 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $8,487 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,966,878 |
| Loan and leases loss allowance | $26,029 |
| Total loans and leases (domestic) | $1,992,907 |
| All real estate loans | $1,527,069 |
| Real estate loans in domestic offices | $1,527,069 |
| Construction and development loans | $298,304 |
| Residential 1-4 family construction | $22,315 |
| Other construction, all land development and other land | $275,989 |
| Loans secured by nonfarm nonresidential properties | $986,904 |
| Nonfarm nonresidential secured by owner-occupied properties | $358,320 |
| Commercial real estate & other non-farm, non-residential | $628,584 |
| Multifamily residential real estate | $81,526 |
| 1-4 family residential loans | $133,188 |
| Farmland loans | $27,147 |
| Loans held in foreign offices | $0 |
| Farm loans | $3,556 |
| Commercial and industrial loans | $443,231 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $8,589 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $605 |
| Other loans to individuals | $7,984 |
| All other loans & leases | $10,462 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $10,407 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $28,941 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $755 |
| Non 1-4 family restructured loans & leases | $108 |
| Total loans and leases (foreign) | $0 |
Vantage Bank Texas had $1,966,878,000 of loans outstanding in 2020. $1,527,069,000 of loans were in real estate loans. $298,304,000 of loans were in development loans. $81,526,000 of loans were in multifamily mortgage loans. $133,188,000 of loans were in 1-4 family mortgage loans. $3,556,000 of loans were in farm loans. $0 of loans were in credit card loans. $605,000 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 | 465 | $148,257 | $318,832 |
| Nonfarm, nonresidential loans - <$100k | 28 | $1,231 | $43,964 |
| Nonfarm, nonresidential loans - $100-250k | 138 | $16,282 | $117,986 |
| Nonfarm, nonresidential loans - $250k-1MM | 299 | $130,744 | $437,271 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,396 | $172,213 | $123,362 |
| Commercial & Industrial, US addressed loans - <$100k | 755 | $27,991 | $37,074 |
| Commercial & Industrial, US addressed loans - $100-250k | 352 | $44,264 | $125,750 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 289 | $99,958 | $345,875 |
| Farmland loans - <$1MM | 15 | $2,934 | $195,600 |
| Farmland loans - <$100k | 4 | $163 | $40,750 |
| Farmland loans - $100-250k | 2 | $148 | $74,000 |
| Farmland loans - $250k-1MM | 9 | $2,623 | $291,444 |
| Agriculture operations loans - <$1MM | 13 | $937 | $72,077 |
| Agriculture operations loans - <$100k | 8 | $217 | $27,125 |
| Agriculture operations loans - $100-250k | 3 | $319 | $106,333 |
| Agriculture operations loans - $250k-1MM | 2 | $401 | $200,500 |