Accessbank Texas Mortgage Rates, Fees & Info

Denton, TX

LEI: 549300QUS7X0QJUEZ353

Tax ID: 26-0454965

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Accessbank Texas is a smaller bank specializing in Home Purchase and Refi loans. Accessbank Texas has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Sherman, Orlando, College Station, and Lubbock among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Accessbank 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    88

    Origination Dollar Volume (All Markets)

    $30,200,000

    Employee count

    72

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 77 $28,025,000 $363,961 $0 0.00%
    Outside of Metro Areas 3 $915,000 $305,000 $0 0.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $365,000 $121,667 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    LUBBOCK, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    ABILENE, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Athens, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Accessbank Texas's top markets include Dallas, Sherman, Orlando, College Station, and Lubbock among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 88 $30,200,000 $343,182 $0 0.00%

    For 2020, Accessbank Texas's most frequently originated type of loan was Conventional, with 88 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 56 $17,070,000 $304,821 $0 0.00%
    Refi 16 $8,360,000 $522,500 $0 0.00%
    Cash Out Refi 13 $4,565,000 $351,154 $0 0.00%
    Home Improvement 3 $205,000 $68,333 $0 0.00%

    For 2020, Accessbank Texas's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 88 $30,200,000 $343,182 $0 0.00%

    For 2020, Accessbank Texas's most frequently cited loan duration was Other, with 88 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 36 $5,370,000 $149,167 $0 0.00%
    $200k-400k 25 $7,275,000 $291,000 $0 0.00%
    $600k-1MM 8 $5,860,000 $732,500 $0 0.00%
    $100,000 or less 7 $485,000 $69,286 $0 0.00%
    $1MM+ 6 $8,400,000 $1,400,000 $0 0.00%
    $400k-600k 6 $2,810,000 $468,333 $0 0.00%

    2020 saw Accessbank Texas place emphasis on $100k-200k loans with 36 originations, totaling $5,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 13 $7,635,000 $587,308 $0 0.00%
    $150k-250k 11 $3,805,000 $345,909 $0 0.00%
    $50k or less 4 $640,000 $160,000 $0 0.00%
    $100k-150k 3 $805,000 $268,333 $0 0.00%
    $75k-100k 2 $400,000 $200,000 $0 0.00%
    $50k-75k 1 $635,000 $635,000 $0 0.00%

    Accessbank Texas lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $150k-250k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 88 $30,200,000 $343,182 $0 0.00%

    Accessbank Texas lent most frequently to those with DTI ratios of Exempt%, with 88 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 50 $15,860,000 $317,200 $0 0.00%
    White 36 $13,660,000 $379,444 $0 0.00%
    Asian 1 $355,000 $355,000 $0 0.00%
    Other Asian 1 $325,000 $325,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.13%

    Accessbank Texas has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    80.68%

    Accessbank Texas has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 88 $30,200,000 $343,182

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $5,070,000 $633,750
    Single Family (1-4 Units):Site-Built 80 $25,130,000 $314,125

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    AXOS FINANCIAL, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 4.2%
    AXOS FINANCIAL, INC. Conventional home mortgage Closing on a mortgage 1 4.2%
    AXOS FINANCIAL, INC. Conventional home mortgage Struggling to pay mortgage 6 25.0%
    AXOS FINANCIAL, INC. Conventional home mortgage Trouble during payment process 9 37.5%
    AXOS FINANCIAL, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 4.2%
    AXOS FINANCIAL, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 4.2%
    AXOS FINANCIAL, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 4.2%
    AXOS FINANCIAL, INC. Other type of mortgage Closing on a mortgage 1 4.2%
    AXOS FINANCIAL, INC. Other type of mortgage Struggling to pay mortgage 1 4.2%
    AXOS FINANCIAL, INC. Other type of mortgage Trouble during payment process 2 8.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Accessbank Texas 1020 E Mccart St Krum, TX 76249 Full Service B&M $85,617
    Accessbank Texas 15960 Championship Parkway Fort Worth, TX 76177 Full Service B&M $26,286
    Accessbank Texas 320 W. Eagle Drive, Suite 100 Denton, TX 76201 Full Service B&M $251,785
    Accessbank Texas 5644 Lbj Freeway Dallas, TX 75240 Limited, Mobile/Seasonal Office $0
    Accessbank Texas 5644 Lbj Freeway Dallas, TX 75240 Full Service B&M $86,904

    For 2020, Accessbank Texas had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,204
    Net interest income $17,656
    Total noninterest income $1,628
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $224
    Trading account gains and fees $0
    Additional Noninterest Income $1,404
    Pre-tax net operating income $2,698
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,145
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,145
    Minority interest net income $0
    Net income $2,145
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,145

    Accessbank Texas's gross interest income from loans was $21,204,000.
    Accessbank Texas's net interest income from loans was $17,656,000.
    Accessbank Texas's fee based income from loans was $224,000.
    Accessbank Texas's net income from loans was $2,145,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,548
    Provision for credit losses $2,639
    Total noninterest expense $13,947
    Salaries and employee benefits $8,763
    Premises and equipment expense $1,860
    Additional noninterest expense $3,324
    Applicable income taxes $553
    Net charge-offs $1,941
    Cash dividends $0

    Accessbank Texas's interest expense for loans was $3,548,000.
    Accessbank Texas's payroll and benefits expense were $8,763,000.
    Accessbank Texas's property, plant and equipment expenses $1,860,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 2.0%
    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 $450,236
    Deposits held in domestic offices $450,236
    Deposits by Individuals, partnerships, and corporations $415,368
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $34,521
    Deposits by Commercial banks and other depository institutions in U.S. $347
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $175,766
    Demand deposits $175,766
    Nontransaction accounts $274,470
    Money market deposit accounts (MMDAs) $159,637
    Other savings deposits (excluding MMDAs) $8,016
    Total time deposits $106,817
    Total time and savings deposits $274,470
    Noninterest-bearing deposits $123,043
    Interest-bearing deposits $327,193
    Retail deposits $409,293
    IRAs and Keogh plan accounts $8,037
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $503,278
    Cash & Balances due from depository institutions $42,857
    Interest-bearing balances $39,017
    Total securities $35,433
    Federal funds sold & reverse repurchase $3,079
    Net loans and leases $397,588
    Loan and leases loss allowance $5,630
    Trading account assets $0
    Bank premises and fixed assets $10,917
    Other real estate owned $2,891
    Goodwill and other intangibles $308
    All other assets $10,205

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $503,278
    Total Liabilities $452,145
    Total deposits $450,236
    Interest-bearing deposits $327,193
    Deposits held in domestic offices $450,236
    % insured (estimated) $60
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,909

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $397,588
    Loan and leases loss allowance $5,630
    Total loans and leases (domestic) $403,218
    All real estate loans $304,517
    Real estate loans in domestic offices $304,517
    Construction and development loans $47,397
    Residential 1-4 family construction $16,583
    Other construction, all land development and other land $30,814
    Loans secured by nonfarm nonresidential properties $181,564
    Nonfarm nonresidential secured by owner-occupied properties $102,423
    Commercial real estate & other non-farm, non-residential $79,141
    Multifamily residential real estate $17,171
    1-4 family residential loans $55,342
    Farmland loans $3,043
    Loans held in foreign offices $0
    Farm loans $1,249
    Commercial and industrial loans $89,923
    To non-U.S. addressees $0
    Loans to individuals $7,495
    Credit card loans $738
    Related Plans $0
    Consumer Auto Loans $1,741
    Other loans to individuals $5,016
    All other loans & leases $34
    Loans to foreign governments and official institutions $0
    Other loans $34
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $417
    Non 1-4 family restructured loans & leases $417
    Total loans and leases (foreign) $0

    AccessBank Texas had $397,588,000 of loans outstanding in 2020. $304,517,000 of loans were in real estate loans. $47,397,000 of loans were in development loans. $17,171,000 of loans were in multifamily mortgage loans. $55,342,000 of loans were in 1-4 family mortgage loans. $1,249,000 of loans were in farm loans. $738,000 of loans were in credit card loans. $1,741,000 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 146 $51,652 $353,781
    Nonfarm, nonresidential loans - <$100k 12 $429 $35,750
    Nonfarm, nonresidential loans - $100-250k 37 $6,460 $174,595
    Nonfarm, nonresidential loans - $250k-1MM 97 $44,763 $461,474
    Commercial & Industrial, US addressed loans - <$1MM 998 $67,952 $68,088
    Commercial & Industrial, US addressed loans - <$100k 741 $22,005 $29,696
    Commercial & Industrial, US addressed loans - $100-250k 146 $15,777 $108,062
    Commercial & Industrial, US addressed loans - $250k-1MM 111 $30,170 $271,802
    Farmland loans - <$1MM 23 $2,392 $104,000
    Farmland loans - <$100k 8 $319 $39,875
    Farmland loans - $100-250k 11 $1,395 $126,818
    Farmland loans - $250k-1MM 4 $678 $169,500
    Agriculture operations loans - <$1MM 12 $1,249 $104,083
    Agriculture operations loans - <$100k 6 $91 $15,167
    Agriculture operations loans - $100-250k 4 $537 $134,250
    Agriculture operations loans - $250k-1MM 2 $621 $310,500