Spirit Of Texas Bank Ssb Mortgage Rates, Fees & Info
College Station, TXLEI: 254900PTELTRJ8RGJD53
Tax ID: 26-3746837
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Mortgage Data
Bank Data
Review & Overview
Spirit Of Texas Bank Ssb is a smaller bank specializing in Home Purchase loans. Spirit Of Texas Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: Houston, College Station, Dallas, Huntsville, and Mineral Wells among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Spirit Of Texas Bank Ssb 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
42Origination Dollar Volume (All Markets)
$15,110,000Employee count
289Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 32 | $12,110,000 | $378,438 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 5 | $1,895,000 | $379,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $210,000 | $105,000 | $0 | 0.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $15,110,000 | $359,762 | $0 | 0.00% |
For 2018, Spirit Of Texas Bank Ssb's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
For 2018, Spirit Of Texas Bank Ssb's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 42 | $15,110,000 | $359,762 | $0 | 0.00% |
For 2018, Spirit Of Texas Bank Ssb's most frequently cited loan duration was Other, with 42 originations.
Loan Sizing
2018 saw Spirit Of Texas Bank Ssb place emphasis on $400k-600k loans with 12 originations, totaling $5,590,000 in origination value.
Applicant Income
Spirit Of Texas Bank Ssb lent most frequently to those with incomes in the $250k+ range, with 12 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 42 | $15,110,000 | $359,762 | $0 | 0.00% |
Spirit Of Texas Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 42 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Spirit Of Texas Bank Ssb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.10%
Spirit Of Texas Bank Ssb has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 42 | $15,110,000 | $359,762 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 42 | $15,110,000 | $359,762 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Shapiro, DiCaro & Barak, LLC | Other type of mortgage | Trouble during payment process | 2 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Spirit of Texas Bank, SSB | 1010 Bay Area Blvd. Houston, TX 77058 | Full Service B&M | $38,449 |
| Spirit of Texas Bank, SSB | 1100 West Main Street Tomball, TX 77375 | Full Service B&M | $85,493 |
| Spirit of Texas Bank, SSB | 1120 Summit Avenue Fort Worth, TX 76102 | Full Service B&M | $23,943 |
| Spirit of Texas Bank, SSB | 12840 Southwest Freeway Stafford, TX 77477 | Full Service B&M | $29,199 |
| Spirit of Texas Bank, SSB | 1525 Lake Front Circle The Woodlands, TX 77380 | Full Service B&M | $57,638 |
| Spirit of Texas Bank, SSB | 16610 Interstate 45 The Woodlands, TX 77384 | Full Service B&M | $67,692 |
| Spirit of Texas Bank, SSB | 30350 F.M. 2978 Magnolia, TX 77354 | Full Service B&M | $45,967 |
| Spirit of Texas Bank, SSB | 3100 Richmond Ave. Houston, TX 77098 | Full Service B&M | $44,800 |
| Spirit of Texas Bank, SSB | 5301 Spring Valley Road Dallas, TX 75254 | Full Service B&M | $18,653 |
| Spirit of Texas Bank, SSB | 5712 Colleyville Boulevard Colleyville, TX 76034 | Full Service B&M | $50,212 |
| Spirit of Texas Bank, SSB | 601 West Northwest Hwy Grapevine, TX 76051 | Full Service B&M | $26,546 |
| Spirit of Texas Bank, SSB | 625 University Drive College Station, TX 77840 | Full Service B&M | $231,169 |
| Spirit of Texas Bank, SSB | 6910 Fm 1488 Road, Suite 1 Magnolia, TX 77354 | Full Service B&M | $21,765 |
| Spirit of Texas Bank, SSB | 720 North Post Oak Road Houston, TX 77024 | Full Service B&M | $63,972 |
| Spirit of Texas Bank, SSB | 815 W Davis Street Conroe, TX 77301 | Full Service B&M | $78,019 |
For 2018, Spirit Of Texas Bank Ssb had 15 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $57,338 |
| Net interest income | $47,183 |
| Total noninterest income | $10,464 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,120 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $9,344 |
| Pre-tax net operating income | $15,314 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $12,517 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $12,517 |
| Minority interest net income | $0 |
| Net income | $12,517 |
| Sale, conversion, retirement of capital stock, net | $8,748 |
| Net operating income | $12,517 |
Spirit Of Texas Bank Ssb's gross interest income from loans was $57,338,000.
Spirit Of Texas Bank Ssb's net interest income from loans was $47,183,000.
Spirit Of Texas Bank Ssb's fee based income from loans was $1,120,000.
Spirit Of Texas Bank Ssb's net income from loans was $12,517,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $10,155 |
| Provision for credit losses | $2,160 |
| Total noninterest expense | $40,173 |
| Salaries and employee benefits | $26,938 |
| Premises and equipment expense | $5,004 |
| Additional noninterest expense | $8,231 |
| Applicable income taxes | $2,797 |
| Net charge-offs | $1,526 |
| Cash dividends | $0 |
Spirit Of Texas Bank Ssb's interest expense for loans was $10,155,000.
Spirit Of Texas Bank Ssb's payroll and benefits expense were $26,938,000.
Spirit Of Texas Bank Ssb's property, plant and equipment expenses $5,004,000.
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 | 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 | $1,209,562 |
| Deposits held in domestic offices | $1,209,562 |
| Deposits by Individuals, partnerships, and corporations | $1,037,590 |
| Deposits by U.S. Government | $13 |
| Deposits by States and political subdivisions in the U.S. | $138,973 |
| Deposits by Commercial banks and other depository institutions in U.S. | $32,986 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $416,592 |
| Demand deposits | $408,631 |
| Nontransaction accounts | $792,970 |
| Money market deposit accounts (MMDAs) | $228,500 |
| Other savings deposits (excluding MMDAs) | $40,061 |
| Total time deposits | $524,409 |
| Total time and savings deposits | $800,931 |
| Noninterest-bearing deposits | $285,643 |
| Interest-bearing deposits | $923,919 |
| Retail deposits | $1,086,888 |
| IRAs and Keogh plan accounts | $42,901 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,465,892 |
| Cash & Balances due from depository institutions | $88,951 |
| Interest-bearing balances | $64,442 |
| Total securities | $179,461 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,090,599 |
| Loan and leases loss allowance | $6,286 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $52,814 |
| Other real estate owned | $772 |
| Goodwill and other intangibles | $31,878 |
| All other assets | $21,417 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,465,892 |
| Total Liabilities | $1,292,012 |
| Total deposits | $1,209,562 |
| Interest-bearing deposits | $923,919 |
| Deposits held in domestic offices | $1,209,562 |
| % insured (estimated) | $76 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $77,605 |
| Subordinated debt | $0 |
| All other liabilities | $4,845 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,090,599 |
| Loan and leases loss allowance | $6,286 |
| Total loans and leases (domestic) | $1,096,885 |
| All real estate loans | $833,331 |
| Real estate loans in domestic offices | $833,331 |
| Construction and development loans | $159,734 |
| Residential 1-4 family construction | $79,269 |
| Other construction, all land development and other land | $80,465 |
| Loans secured by nonfarm nonresidential properties | $355,777 |
| Nonfarm nonresidential secured by owner-occupied properties | $135,668 |
| Commercial real estate & other non-farm, non-residential | $220,109 |
| Multifamily residential real estate | $1,782 |
| 1-4 family residential loans | $275,644 |
| Farmland loans | $40,394 |
| Loans held in foreign offices | $0 |
| Farm loans | $10,000 |
| Commercial and industrial loans | $172,350 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $11,594 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $4,241 |
| Other loans to individuals | $7,353 |
| All other loans & leases | $69,609 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $5,486 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $883 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $210 |
| Non 1-4 family restructured loans & leases | $69 |
| Total loans and leases (foreign) | $0 |
Spirit of Texas Bank SSB had $1,090,599,000 of loans outstanding in 2018. $833,331,000 of loans were in real estate loans. $159,734,000 of loans were in development loans. $1,782,000 of loans were in multifamily mortgage loans. $275,644,000 of loans were in 1-4 family mortgage loans. $10,000,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,241,000 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 | 365 | $108,815 | $298,123 |
| Nonfarm, nonresidential loans - <$100k | 60 | $2,966 | $49,433 |
| Nonfarm, nonresidential loans - $100-250k | 96 | $12,977 | $135,177 |
| Nonfarm, nonresidential loans - $250k-1MM | 209 | $92,872 | $444,364 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,673 | $125,521 | $75,027 |
| Commercial & Industrial, US addressed loans - <$100k | 1,147 | $40,220 | $35,065 |
| Commercial & Industrial, US addressed loans - $100-250k | 374 | $37,891 | $101,313 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 152 | $47,410 | $311,908 |
| Farmland loans - <$1MM | 147 | $16,342 | $111,170 |
| Farmland loans - <$100k | 63 | $2,679 | $42,524 |
| Farmland loans - $100-250k | 64 | $8,072 | $126,125 |
| Farmland loans - $250k-1MM | 20 | $5,591 | $279,550 |
| Agriculture operations loans - <$1MM | 163 | $5,164 | $31,681 |
| Agriculture operations loans - <$100k | 148 | $2,943 | $19,885 |
| Agriculture operations loans - $100-250k | 12 | $1,301 | $108,417 |
| Agriculture operations loans - $250k-1MM | 3 | $920 | $306,667 |