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, Gainesville, Sherman, Crestview, and Ardmore among others. We have data for 6 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 an above 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

    81

    Origination Dollar Volume (All Markets)

    $26,215,000

    Employee count

    74

    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) 66 $23,100,000 $350,000 $0 0.00%
    Gainesville, TX (FHA|USDA|VA) 5 $1,345,000 $269,000 $0 0.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 5 $965,000 $193,000 $0 0.00%
    Outside of Metro Areas 3 $375,000 $125,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    Ardmore, OK (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Accessbank Texas's top markets include Dallas, Gainesville, Sherman, Crestview, and Ardmore among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 81 $26,215,000 $323,642 $0 0.00%

    For 2021, Accessbank Texas's most frequently originated type of loan was Conventional, with 81 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 42 $12,430,000 $295,952 $0 0.00%
    Refi 24 $9,100,000 $379,167 $0 0.00%
    Cash Out Refi 15 $4,685,000 $312,333 $0 0.00%

    For 2021, Accessbank Texas's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 81 $26,215,000 $323,642 $0 0.00%

    For 2021, Accessbank Texas's most frequently cited loan duration was Other, with 81 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 33 $4,915,000 $148,939 $0 0.00%
    $200k-400k 20 $5,450,000 $272,500 $0 0.00%
    $100,000 or less 12 $950,000 $79,167 $0 0.00%
    $400k-600k 8 $3,720,000 $465,000 $0 0.00%
    $600k-1MM 5 $3,945,000 $789,000 $0 0.00%
    $1MM+ 3 $7,235,000 $2,411,667 $0 0.00%

    2021 saw Accessbank Texas place emphasis on $100k-200k loans with 33 originations, totaling $4,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 6 $2,000,000 $333,333 $0 0.00%
    $75k-100k 4 $810,000 $202,500 $0 0.00%
    $250k+ 3 $585,000 $195,000 $0 0.00%
    $100k-150k 2 $770,000 $385,000 $0 0.00%
    $50k-75k 2 $1,240,000 $620,000 $0 0.00%
    $50k or less 1 $145,000 $145,000 $0 0.00%

    Accessbank Texas lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $75k-100k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 81 $26,215,000 $323,642 $0 0.00%

    Accessbank Texas lent most frequently to those with DTI ratios of Exempt%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 61 $20,295,000 $332,705 $0 0.00%
    White 19 $5,725,000 $301,316 $0 0.00%
    Asian 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.84%

    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
    95.06%

    Accessbank Texas has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 81 $26,215,000 $323,642

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    81 $26,215,000 $323,642

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    AXOS FINANCIAL, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 4.3%
    AXOS FINANCIAL, INC. Conventional home mortgage Closing on a mortgage 2 4.3%
    AXOS FINANCIAL, INC. Conventional home mortgage Incorrect information on your report 1 2.1%
    AXOS FINANCIAL, INC. Conventional home mortgage Struggling to pay mortgage 6 12.8%
    AXOS FINANCIAL, INC. Conventional home mortgage Trouble during payment process 24 51.1%
    AXOS FINANCIAL, INC. FHA mortgage Struggling to pay mortgage 1 2.1%
    AXOS FINANCIAL, INC. FHA mortgage Trouble during payment process 1 2.1%
    AXOS FINANCIAL, INC. Other type of mortgage Closing on a mortgage 1 2.1%
    AXOS FINANCIAL, INC. Other type of mortgage Struggling to pay mortgage 2 4.3%
    AXOS FINANCIAL, INC. Other type of mortgage Trouble during payment process 5 10.6%
    AXOS FINANCIAL, INC. VA mortgage Trouble during payment process 2 4.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Accessbank Texas 1020 E Mccart St Krum, TX 76249 Full Service B&M $95,672
    Accessbank Texas 15960 Championship Parkway Fort Worth, TX 76177 Full Service B&M $42,828
    Accessbank Texas 320 W. Eagle Drive, Suite 100 Denton, TX 76201 Full Service B&M $281,283
    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 $87,327

    For 2021, Accessbank Texas had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,846
    Net interest income $18,980
    Total noninterest income $2,009
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $260
    Trading account gains and fees $0
    Additional Noninterest Income $1,749
    Pre-tax net operating income $5,272
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,262
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,262
    Minority interest net income $0
    Net income $4,262
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,262

    Accessbank Texas's gross interest income from loans was $20,846,000.
    Accessbank Texas's net interest income from loans was $18,980,000.
    Accessbank Texas's fee based income from loans was $260,000.
    Accessbank Texas's net income from loans was $4,262,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,866
    Provision for credit losses $1,520
    Total noninterest expense $14,197
    Salaries and employee benefits $8,905
    Premises and equipment expense $1,955
    Additional noninterest expense $3,337
    Applicable income taxes $1,010
    Net charge-offs $980
    Cash dividends $0

    Accessbank Texas's interest expense for loans was $1,866,000.
    Accessbank Texas's payroll and benefits expense were $8,905,000.
    Accessbank Texas's property, plant and equipment expenses $1,955,000.

    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 $511,014
    Deposits held in domestic offices $511,014
    Deposits by Individuals, partnerships, and corporations $473,697
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $36,969
    Deposits by Commercial banks and other depository institutions in U.S. $348
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $224,403
    Demand deposits $224,403
    Nontransaction accounts $286,611
    Money market deposit accounts (MMDAs) $192,108
    Other savings deposits (excluding MMDAs) $10,923
    Total time deposits $83,580
    Total time and savings deposits $286,611
    Noninterest-bearing deposits $160,666
    Interest-bearing deposits $350,348
    Retail deposits $482,601
    IRAs and Keogh plan accounts $6,969
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $568,146
    Cash & Balances due from depository institutions $53,760
    Interest-bearing balances $49,134
    Total securities $25,588
    Federal funds sold & reverse repurchase $62,649
    Net loans and leases $405,777
    Loan and leases loss allowance $6,170
    Trading account assets $0
    Bank premises and fixed assets $10,475
    Other real estate owned $0
    Goodwill and other intangibles $218
    All other assets $9,679

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $568,146
    Total Liabilities $513,205
    Total deposits $511,014
    Interest-bearing deposits $350,348
    Deposits held in domestic offices $511,014
    % insured (estimated) $55
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,191

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $405,777
    Loan and leases loss allowance $6,170
    Total loans and leases (domestic) $411,947
    All real estate loans $349,838
    Real estate loans in domestic offices $349,838
    Construction and development loans $65,061
    Residential 1-4 family construction $22,595
    Other construction, all land development and other land $42,466
    Loans secured by nonfarm nonresidential properties $203,684
    Nonfarm nonresidential secured by owner-occupied properties $104,003
    Commercial real estate & other non-farm, non-residential $99,681
    Multifamily residential real estate $14,909
    1-4 family residential loans $59,469
    Farmland loans $6,715
    Loans held in foreign offices $0
    Farm loans $1,167
    Commercial and industrial loans $54,927
    To non-U.S. addressees $0
    Loans to individuals $5,969
    Credit card loans $786
    Related Plans $0
    Consumer Auto Loans $1,620
    Other loans to individuals $3,563
    All other loans & leases $46
    Loans to foreign governments and official institutions $0
    Other loans $46
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    AccessBank Texas had $405,777,000 of loans outstanding in 2021. $349,838,000 of loans were in real estate loans. $65,061,000 of loans were in development loans. $14,909,000 of loans were in multifamily mortgage loans. $59,469,000 of loans were in 1-4 family mortgage loans. $1,167,000 of loans were in farm loans. $786,000 of loans were in credit card loans. $1,620,000 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 164 $56,411 $343,970
    Nonfarm, nonresidential loans - <$100k 11 $531 $48,273
    Nonfarm, nonresidential loans - $100-250k 43 $7,020 $163,256
    Nonfarm, nonresidential loans - $250k-1MM 110 $48,860 $444,182
    Commercial & Industrial, US addressed loans - <$1MM 500 $39,349 $78,698
    Commercial & Industrial, US addressed loans - <$100k 317 $9,076 $28,631
    Commercial & Industrial, US addressed loans - $100-250k 95 $9,464 $99,621
    Commercial & Industrial, US addressed loans - $250k-1MM 88 $20,809 $236,466
    Farmland loans - <$1MM 18 $2,364 $131,333
    Farmland loans - <$100k 5 $249 $49,800
    Farmland loans - $100-250k 11 $1,807 $164,273
    Farmland loans - $250k-1MM 2 $308 $154,000
    Agriculture operations loans - <$1MM 12 $1,167 $97,250
    Agriculture operations loans - <$100k 5 $74 $14,800
    Agriculture operations loans - $100-250k 6 $714 $119,000
    Agriculture operations loans - $250k-1MM 1 $379 $379,000