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

Review & Overview

Texas Community Bank is a smaller bank specializing in Home Purchase loans. Texas Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Laredo, San Antonio, Del Rio, Mcallen, and Brownsville among others. We have data for 14 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.

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Originations

147

Origination Dollar Volume (All Markets)

$49,685,000

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)	68	$18,810,000	$276,618	$0	0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	22	$8,640,000	$392,727	$0	0.00%
Del Rio, TX (FHA\|USDA\|VA)	22	$7,400,000	$336,364	$0	0.00%
MCALLEN-EDINBURG-MISSION, TX (FHA\|USDA\|VA)	14	$5,050,000	$360,714	$0	0.00%
BROWNSVILLE-HARLINGEN, TX (FHA\|USDA\|VA)	8	$3,220,000	$402,500	$0	0.00%
Fredericksburg, TX (FHA\|USDA\|VA)	1	$1,335,000	$1,335,000	$0	0.00%
Rockport, TX (FHA\|USDA\|VA)	1	$1,205,000	$1,205,000	$0	0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	2	$1,160,000	$580,000	$0	0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	3	$925,000	$308,333	$0	0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	1	$795,000	$795,000	$0	0.00%
LAS CRUCES, NM (FHA\|USDA\|VA)	1	$315,000	$315,000	$0	0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	1	$315,000	$315,000	$0	0.00%
Uvalde, TX (FHA\|USDA\|VA)	1	$285,000	$285,000	$0	0.00%
Outside of Metro Areas	2	$230,000	$115,000	$0	0.00%

Texas Community Bank's top markets include Laredo, San Antonio, Del Rio, Mcallen, and Brownsville among others.

Their top states include:

Texas (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Illinois (FHA|USDA|VA)

New Mexico (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	147	$49,685,000	$337,993	$0	0.00%

For 2021, Texas Community Bank's most frequently originated type of loan was Conventional, with 147 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	108	$41,610,000	$385,278	$0	0.00%
Refi	16	$3,850,000	$240,625	$0	0.00%
Home Improvement	10	$900,000	$90,000	$0	0.00%
Cash Out Refi	9	$2,565,000	$285,000	$0	0.00%
Other	4	$760,000	$190,000	$0	0.00%

For 2021, Texas Community Bank's most frequently cited loan purpose was Home Purchase, with 108 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	147	$49,685,000	$337,993	$0	0.00%

For 2021, Texas Community Bank's most frequently cited loan duration was Other, with 147 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	47	$6,715,000	$142,872	$0	0.00%
$200k-400k	44	$12,100,000	$275,000	$0	0.00%
$100,000 or less	26	$1,620,000	$62,308	$0	0.00%
$1MM+	12	$16,950,000	$1,412,500	$0	0.00%
$600k-1MM	12	$9,150,000	$762,500	$0	0.00%
$400k-600k	6	$3,150,000	$525,000	$0	0.00%

2021 saw Texas Community Bank place emphasis on $100k-200k loans with 47 originations, totaling $6,715,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	22	$10,700,000	$486,364	$0	0.00%
$150k-250k	15	$3,925,000	$261,667	$0	0.00%
$75k-100k	15	$2,045,000	$136,333	$0	0.00%
$50k-75k	11	$1,515,000	$137,727	$0	0.00%
$100k-150k	9	$2,045,000	$227,222	$0	0.00%
$50k or less	5	$365,000	$73,000	$0	0.00%

Texas Community Bank lent most frequently to those with incomes in the $250k+ range, with 22 originations. The second most popular income band? $150k-250k, with 15 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	147	$49,685,000	$337,993	$0	0.00%

Texas Community Bank lent most frequently to those with DTI ratios of Exempt%, with 147 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	59	$26,355,000	$446,695	$0	0.00%
White	83	$20,805,000	$250,663	$0	0.00%
Asian	2	$1,310,000	$655,000	$0	0.00%
Not provided	3	$1,215,000	$405,000	$0	0.00%

Approval Rates

Total approvals of all applications
86.32%

Texas Community Bank has an average approval rate.

Pick Rate

Approvals leading to origination
89.80%

Texas Community Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	147	$49,685,000	$337,993

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	147	$49,685,000	$337,993

Complaints

Bank Name	Product	Issue	2021 CPFB Complaints	% of Total Issues
TEXAS CAPITAL BANCSHARES, INC.	Other type of mortgage	Trouble during payment process	1	100.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Texas Community Bank	1128 E Nolana Ave Mcallen, TX 78504	Full Service B&M	$34,355
Texas Community Bank	1826 North Loop 1604 West, Ste. 150 San Antonio, TX 78248	Full Service B&M	$29,279
Texas Community Bank	19401 Somerset Road Somerset, TX 78069	Full Service B&M	$48,672
Texas Community Bank	2102 Guadalupe Street Laredo, TX 78043	Full Service B&M	$8,977
Texas Community Bank	2110 Lowry Road Laredo, TX 78045	Full Service B&M	$3,351
Texas Community Bank	2411 Veterans Blvd Del Rio, TX 78840	Full Service B&M	$163,489
Texas Community Bank	3505 Boca Chica Blvd. Ste. 109 Brownsville, TX 78521	Full Service B&M	$51,748
Texas Community Bank	401 Pecan Street Del Rio, TX 78840	Full Service B&M	$38,756
Texas Community Bank	6721 Mcpherson Road Laredo, TX 78041	Full Service B&M	$1,166,655
Texas Community Bank	85 Ne Loop 410, Ste. 120 San Antonio, TX 78216	Full Service B&M	$50,415

For 2021, Texas Community Bank had 10 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$43,244
Net interest income	$42,140
Total noninterest income	$9,172
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$2,115
Trading account gains and fees	$0
Additional Noninterest Income	$7,057
Pre-tax net operating income	$16,872
Securities gains (or losses, -)	$-71
Income before extraordinary items	$13,193
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$13,193
Minority interest net income	$0
Net income	$13,193
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$13,249

Texas Community Bank's gross interest income from loans was $43,244,000.
Texas Community Bank's net interest income from loans was $42,140,000.
Texas Community Bank's fee based income from loans was $2,115,000.
Texas Community Bank's net income from loans was $13,193,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,104
Provision for credit losses	$2,695
Total noninterest expense	$31,745
Salaries and employee benefits	$18,666
Premises and equipment expense	$4,736
Additional noninterest expense	$8,343
Applicable income taxes	$3,608
Net charge-offs	$155
Cash dividends	$3,000

Texas Community Bank's interest expense for loans was $1,104,000.
Texas Community Bank's payroll and benefits expense were $18,666,000.
Texas Community Bank's property, plant and equipment expenses $4,736,000.

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	0.5%
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	$1,788,508
Deposits held in domestic offices	$1,788,508
Deposits by Individuals, partnerships, and corporations	$1,699,254
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$89,254
Deposits by Commercial banks and other depository institutions in U.S.	$0
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$1,127,452
Demand deposits	$902,693
Nontransaction accounts	$661,056
Money market deposit accounts (MMDAs)	$224,866
Other savings deposits (excluding MMDAs)	$78,919
Total time deposits	$357,271
Total time and savings deposits	$885,815
Noninterest-bearing deposits	$902,693
Interest-bearing deposits	$885,815
Retail deposits	$1,565,478
IRAs and Keogh plan accounts	$520
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,975,345
Cash & Balances due from depository institutions	$721,329
Interest-bearing balances	$664,848
Total securities	$206,106
Federal funds sold & reverse repurchase	$0
Net loans and leases	$989,506
Loan and leases loss allowance	$20,031
Trading account assets	$0
Bank premises and fixed assets	$45,445
Other real estate owned	$0
Goodwill and other intangibles	$1,738
All other assets	$11,221

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,975,345
Total Liabilities	$1,791,353
Total deposits	$1,788,508
Interest-bearing deposits	$885,815
Deposits held in domestic offices	$1,788,508
% insured (estimated)	$34
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$2,845

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$989,506
Loan and leases loss allowance	$20,031
Total loans and leases (domestic)	$1,009,537
All real estate loans	$777,928
Real estate loans in domestic offices	$777,928
Construction and development loans	$123,648
Residential 1-4 family construction	$11,484
Other construction, all land development and other land	$112,164
Loans secured by nonfarm nonresidential properties	$400,213
Nonfarm nonresidential secured by owner-occupied properties	$181,026
Commercial real estate & other non-farm, non-residential	$219,187
Multifamily residential real estate	$57,146
1-4 family residential loans	$170,018
Farmland loans	$26,903
Loans held in foreign offices	$0
Farm loans	$9,508
Commercial and industrial loans	$201,102
To non-U.S. addressees	$21,718
Loans to individuals	$18,740
Credit card loans	$376
Related Plans	$0
Consumer Auto Loans	$5,068
Other loans to individuals	$13,296
All other loans & leases	$2,259
Loans to foreign governments and official institutions	$0
Other loans	$2,259
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$46,126
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 $989,506,000 of loans outstanding in 2021. $777,928,000 of loans were in real estate loans. $123,648,000 of loans were in development loans. $57,146,000 of loans were in multifamily mortgage loans. $170,018,000 of loans were in 1-4 family mortgage loans. $9,508,000 of loans were in farm loans. $376,000 of loans were in credit card loans. $5,068,000 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	419	$84,781	$202,341
Nonfarm, nonresidential loans - <$100k	73	$2,894	$39,644
Nonfarm, nonresidential loans - $100-250k	179	$21,982	$122,804
Nonfarm, nonresidential loans - $250k-1MM	167	$59,905	$358,713
Commercial & Industrial, US addressed loans - <$1MM	2,032	$108,249	$53,272
Commercial & Industrial, US addressed loans - <$100k	1,618	$32,677	$20,196
Commercial & Industrial, US addressed loans - $100-250k	267	$28,961	$108,468
Commercial & Industrial, US addressed loans - $250k-1MM	147	$46,611	$317,082
Farmland loans - <$1MM	63	$6,465	$102,619
Farmland loans - <$100k	24	$713	$29,708
Farmland loans - $100-250k	29	$3,563	$122,862
Farmland loans - $250k-1MM	10	$2,189	$218,900
Agriculture operations loans - <$1MM	101	$2,770	$27,426
Agriculture operations loans - <$100k	88	$1,562	$17,750
Agriculture operations loans - $100-250k	10	$686	$68,600
Agriculture operations loans - $250k-1MM	3	$522	$174,000