Vantage Bank Texas Mortgage Rates, Fees & Info
San Antonio, TXLEI: 549300PG87MHQ7H4CO08
Tax ID: 74-0856797
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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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dallas, San Antonio, Houston, Mcallen, and Austin among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)Vantage Bank Texas has an above 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
349Origination Dollar Volume (All Markets)
$150,005,000Employee count
453Top 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) | 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% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 342 | $148,650,000 | $434,649 | $0 | 0.00% |
| FHA | 7 | $1,355,000 | $193,571 | $0 | 0.00% |
For 2021, Vantage Bank Texas's most frequently originated type of loan was Conventional, with 342 originations. Their 2nd most popular type was FHA, with 7 originations.
Loan Reason
For 2021, Vantage Bank Texas's most frequently cited loan purpose was Home Purchase, with 232 originations. The 2nd most popular reason was 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 2021, Vantage Bank Texas's most frequently cited loan duration was Other, with 349 originations.
Loan Sizing
2021 saw Vantage Bank Texas place emphasis on $200k-400k loans with 133 originations, totaling $38,655,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications92.51%
Vantage Bank Texas has an average approval rate.
Pick Rate
Approvals leading to origination79.66%
Vantage Bank Texas has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 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 | 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 |
| Vantage Bank Texas | 901 South 10th Street Mcallen, TX 78501 | Full Service B&M | $292,453 |
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 |