Texas Community Bank Mortgage Rates, Fees & Info

Laredo, TX

LEI: 549300V1GCCNY7J42I93

Tax ID: 74-2231534

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Bank Data

Review & Overview

Texas Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Texas Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Laredo, Mcallen, San Antonio, Brownsville, and Houston among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

Texas Community Bank 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.

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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

136

Origination Dollar Volume (All Markets)

$53,620,000

Employee count

221

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
LAREDO, TX (FHA|USDA|VA) 42 $12,830,000 $305,476 $0 0.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 20 $9,700,000 $485,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 20 $7,280,000 $364,000 $0 0.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 15 $4,495,000 $299,667 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $4,455,000 $4,455,000 $0 0.00%
Outside of Metro Areas 3 $4,365,000 $1,455,000 $0 0.00%
Del Rio, TX (FHA|USDA|VA) 20 $3,070,000 $153,500 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $1,640,000 $820,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $1,215,000 $405,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $1,115,000 $371,667 $0 0.00%
Glenwood Springs, CO (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 0.00%
Kerrville, TX (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $575,000 $575,000 $0 0.00%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
SAN ANGELO, TX (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Zapata, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Texas Community Bank's top markets include Laredo, Mcallen, San Antonio, Brownsville, and Houston among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 136 $53,620,000 $394,265 $0 0.00%

    For 2020, Texas Community Bank's most frequently originated type of loan was Conventional, with 136 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 91 $36,035,000 $395,989 $0 0.00%
    Refi 23 $14,285,000 $621,087 $0 0.00%
    Home Improvement 10 $1,160,000 $116,000 $0 0.00%
    Cash Out Refi 9 $1,705,000 $189,444 $0 0.00%
    Other 3 $435,000 $145,000 $0 0.00%

    For 2020, Texas Community Bank's most frequently cited loan purpose was Home Purchase, with 91 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 136 $53,620,000 $394,265 $0 0.00%

    For 2020, Texas Community Bank's most frequently cited loan duration was Other, with 136 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 45 $11,475,000 $255,000 $0 0.00%
    $100k-200k 42 $6,070,000 $144,524 $0 0.00%
    $100,000 or less 19 $1,065,000 $56,053 $0 0.00%
    $400k-600k 11 $5,545,000 $504,091 $0 0.00%
    $1MM+ 10 $23,230,000 $2,323,000 $0 0.00%
    $600k-1MM 9 $6,235,000 $692,778 $0 0.00%

    2020 saw Texas Community Bank place emphasis on $200k-400k loans with 45 originations, totaling $11,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 31 $9,525,000 $307,258 $0 0.00%
    $100k-150k 17 $3,995,000 $235,000 $0 0.00%
    $150k-250k 13 $3,285,000 $252,692 $0 0.00%
    $50k or less 8 $640,000 $80,000 $0 0.00%
    $50k-75k 7 $1,025,000 $146,429 $0 0.00%
    $75k-100k 2 $290,000 $145,000 $0 0.00%

    Texas Community Bank lent most frequently to those with incomes in the $250k+ range, with 31 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 136 $53,620,000 $394,265 $0 0.00%

    Texas Community Bank lent most frequently to those with DTI ratios of Exempt%, with 136 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 46 $32,070,000 $697,174 $0 0.00%
    White 83 $19,265,000 $232,108 $0 0.00%
    Not provided 6 $1,630,000 $271,667 $0 0.00%
    Asian 1 $655,000 $655,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.56%

    Texas Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.50%

    Texas Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 136 $53,620,000 $394,265

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $665,000 $665,000
    Multifamily:Site-Built 16 $16,610,000 $1,038,125
    Single Family (1-4 Units):Manufactured 1 $4,185,000 $4,185,000
    Single Family (1-4 Units):Site-Built 118 $32,160,000 $272,542

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    TEXAS CAPITAL BANCSHARES, INC. Conventional home mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Texas Community Bank 2411 Veterans Blvd Del Rio, TX 78840 Full Service B&M $142,783
    Texas Community Bank 1128 E Nolana Ave Mcallen, TX 78504 Full Service B&M $22,557
    Texas Community Bank 1826 North Loop 1604 West, Ste. 150 San Antonio, TX 78248 Full Service B&M $25,799
    Texas Community Bank 19401 Somerset Road Somerset, TX 78069 Full Service B&M $44,498
    Texas Community Bank 2102 Guadalupe Street Laredo, TX 78043 Full Service B&M $5,834
    Texas Community Bank 2110 Lowry Road Laredo, TX 78045 Full Service B&M $0
    Texas Community Bank 3505 Boca Chica Blvd. Ste. 109 Brownsville, TX 78521 Full Service B&M $49,043
    Texas Community Bank 401 Pecan Street Del Rio, TX 78840 Full Service B&M $30,479
    Texas Community Bank 6721 Mcpherson Road Laredo, TX 78041 Full Service B&M $983,937
    Texas Community Bank 85 Ne Loop 410, Ste. 120 San Antonio, TX 78216 Full Service B&M $37,720

    For 2020, Texas Community Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $49,560
    Net interest income $46,184
    Total noninterest income $7,730
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,142
    Trading account gains and fees $0
    Additional Noninterest Income $5,588
    Pre-tax net operating income $20,312
    Securities gains (or losses, -) $56
    Income before extraordinary items $16,036
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,036
    Minority interest net income $0
    Net income $16,036
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $15,991

    Texas Community Bank's gross interest income from loans was $49,560,000.
    Texas Community Bank's net interest income from loans was $46,184,000.
    Texas Community Bank's fee based income from loans was $2,142,000.
    Texas Community Bank's net income from loans was $16,036,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,376
    Provision for credit losses $2,200
    Total noninterest expense $31,402
    Salaries and employee benefits $19,591
    Premises and equipment expense $4,369
    Additional noninterest expense $7,442
    Applicable income taxes $4,332
    Net charge-offs $199
    Cash dividends $5,000

    Texas Community Bank's interest expense for loans was $3,376,000.
    Texas Community Bank's payroll and benefits expense were $19,591,000.
    Texas Community Bank's property, plant and equipment expenses $4,369,000.

    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 0.0%
    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 1.4%
    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 $1,450,722
    Deposits held in domestic offices $1,450,722
    Deposits by Individuals, partnerships, and corporations $1,351,146
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $99,330
    Deposits by Commercial banks and other depository institutions in U.S. $246
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $822,701
    Demand deposits $624,194
    Nontransaction accounts $628,021
    Money market deposit accounts (MMDAs) $219,798
    Other savings deposits (excluding MMDAs) $57,710
    Total time deposits $350,512
    Total time and savings deposits $826,528
    Noninterest-bearing deposits $624,194
    Interest-bearing deposits $826,528
    Retail deposits $1,235,282
    IRAs and Keogh plan accounts $550
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,634,023
    Cash & Balances due from depository institutions $425,008
    Interest-bearing balances $373,526
    Total securities $190,312
    Federal funds sold & reverse repurchase $0
    Net loans and leases $957,967
    Loan and leases loss allowance $17,491
    Trading account assets $0
    Bank premises and fixed assets $46,803
    Other real estate owned $0
    Goodwill and other intangibles $1,738
    All other assets $12,195

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,634,023
    Total Liabilities $1,458,139
    Total deposits $1,450,722
    Interest-bearing deposits $826,528
    Deposits held in domestic offices $1,450,722
    % insured (estimated) $39
    Federal funds purchased and repurchase agreements $4,861
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,556

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $957,967
    Loan and leases loss allowance $17,491
    Total loans and leases (domestic) $975,458
    All real estate loans $738,507
    Real estate loans in domestic offices $738,507
    Construction and development loans $101,375
    Residential 1-4 family construction $8,447
    Other construction, all land development and other land $92,928
    Loans secured by nonfarm nonresidential properties $354,894
    Nonfarm nonresidential secured by owner-occupied properties $160,452
    Commercial real estate & other non-farm, non-residential $194,442
    Multifamily residential real estate $69,846
    1-4 family residential loans $172,014
    Farmland loans $40,378
    Loans held in foreign offices $0
    Farm loans $10,680
    Commercial and industrial loans $207,252
    To non-U.S. addressees $20,726
    Loans to individuals $17,078
    Credit card loans $349
    Related Plans $0
    Consumer Auto Loans $3,490
    Other loans to individuals $13,239
    All other loans & leases $1,941
    Loans to foreign governments and official institutions $0
    Other loans $1,941
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $36,388
    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

    Texas Community Bank had $957,967,000 of loans outstanding in 2020. $738,507,000 of loans were in real estate loans. $101,375,000 of loans were in development loans. $69,846,000 of loans were in multifamily mortgage loans. $172,014,000 of loans were in 1-4 family mortgage loans. $10,680,000 of loans were in farm loans. $349,000 of loans were in credit card loans. $3,490,000 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 428 $81,526 $190,481
    Nonfarm, nonresidential loans - <$100k 88 $3,716 $42,227
    Nonfarm, nonresidential loans - $100-250k 177 $21,489 $121,407
    Nonfarm, nonresidential loans - $250k-1MM 163 $56,321 $345,528
    Commercial & Industrial, US addressed loans - <$1MM 2,544 $127,982 $50,307
    Commercial & Industrial, US addressed loans - <$100k 2,087 $44,906 $21,517
    Commercial & Industrial, US addressed loans - $100-250k 299 $33,958 $113,572
    Commercial & Industrial, US addressed loans - $250k-1MM 158 $49,118 $310,873
    Farmland loans - <$1MM 66 $7,418 $112,394
    Farmland loans - <$100k 23 $759 $33,000
    Farmland loans - $100-250k 34 $4,392 $129,176
    Farmland loans - $250k-1MM 9 $2,267 $251,889
    Agriculture operations loans - <$1MM 106 $3,526 $33,264
    Agriculture operations loans - <$100k 92 $1,866 $20,283
    Agriculture operations loans - $100-250k 11 $1,064 $96,727
    Agriculture operations loans - $250k-1MM 3 $596 $198,667