Spirit Of Texas Bank Ssb Mortgage Rates, Fees & Info

College Station, TX

LEI: 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, Dallas, Wichita, San Antonio, and College Station among others. We have data for 17 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 an above average pick rate when compared to similar lenders.

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Originations

204

Origination Dollar Volume (All Markets)

$122,580,000

Employee count

386

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 106 $49,570,000 $467,642 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 15 $42,295,000 $2,819,667 $0 0.00%
WICHITA, KS (FHA|USDA|VA) 1 $11,545,000 $11,545,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 9 $3,915,000 $435,000 $0 0.00%
Outside of Metro Areas 18 $3,790,000 $210,556 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 17 $3,395,000 $199,706 $0 0.00%
Athens, TX (FHA|USDA|VA) 9 $2,215,000 $246,111 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 13 $2,045,000 $157,308 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $1,550,000 $775,000 $0 0.00%
Mineral Wells, TX (FHA|USDA|VA) 6 $920,000 $153,333 $0 0.00%
TYLER, TX (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
Breckenridge, CO (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Paris, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Beeville, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Brownwood, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Spirit Of Texas Bank Ssb's top markets include Houston, Dallas, Wichita, San Antonio, and College Station among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 204 $122,580,000 $600,882 $0 0.00%

    For 2020, Spirit Of Texas Bank Ssb's most frequently originated type of loan was Conventional, with 204 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 150 $108,690,000 $724,600 $0 0.00%
    Refi 41 $11,885,000 $289,878 $0 0.00%
    Home Improvement 8 $920,000 $115,000 $0 0.00%
    Other 5 $1,085,000 $217,000 $0 0.00%

    For 2020, Spirit Of Texas Bank Ssb's most frequently cited loan purpose was Home Purchase, with 150 originations. The 2nd most popular reason was Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 204 $122,580,000 $600,882 $0 0.00%

    For 2020, Spirit Of Texas Bank Ssb's most frequently cited loan duration was Other, with 204 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 58 $16,610,000 $286,379 $0 0.00%
    $100k-200k 55 $8,225,000 $149,545 $0 0.00%
    $100,000 or less 31 $1,975,000 $63,710 $0 0.00%
    $400k-600k 25 $12,205,000 $488,200 $0 0.00%
    $600k-1MM 19 $14,425,000 $759,211 $0 0.00%
    $1MM+ 16 $69,140,000 $4,321,250 $0 0.00%

    2020 saw Spirit Of Texas Bank Ssb place emphasis on $200k-400k loans with 58 originations, totaling $16,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 43 $27,205,000 $632,674 $0 0.00%
    $150k-250k 24 $5,880,000 $245,000 $0 0.00%
    $100k-150k 19 $4,425,000 $232,895 $0 0.00%
    $75k-100k 13 $2,595,000 $199,615 $0 0.00%
    $50k-75k 10 $1,280,000 $128,000 $0 0.00%
    $50k or less 7 $795,000 $113,571 $0 0.00%

    Spirit Of Texas Bank Ssb lent most frequently to those with incomes in the $250k+ range, with 43 originations. The second most popular income band? $150k-250k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 204 $122,580,000 $600,882 $0 0.00%

    Spirit Of Texas Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 204 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 87 $80,055,000 $920,172 $0 0.00%
    White 112 $39,540,000 $353,036 $0 0.00%
    Black 3 $2,335,000 $778,333 $0 0.00%
    Asian 2 $650,000 $325,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.27%

    Spirit Of Texas Bank Ssb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.18%

    Spirit Of Texas Bank Ssb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 204 $122,580,000 $600,882

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $47,845,000 $6,835,000
    Single Family (1-4 Units):Manufactured 8 $940,000 $117,500
    Single Family (1-4 Units):Site-Built 189 $73,795,000 $390,450

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Shapiro, DiCaro & Barak, LLC FHA mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Spirit of Texas Bank, SSB 1400 East Houston Street Beeville, TX 78102 Full Service B&M $164,806
    Spirit of Texas Bank, SSB 100 East Central Street Comanche, TX 76442 Full Service B&M $188,061
    Spirit of Texas Bank, SSB 1010 Bay Area Blvd. Houston, TX 77058 Full Service B&M $28,938
    Spirit of Texas Bank, SSB 107 Fannin Millsap, TX 76066 Full Service B&M $11,091
    Spirit of Texas Bank, SSB 1100 West Main Street Tomball, TX 77375 Full Service B&M $89,616
    Spirit of Texas Bank, SSB 1120 Summit Avenue Fort Worth, TX 76102 Full Service B&M $16,391
    Spirit of Texas Bank, SSB 11433 Highway 64 West Tyler, TX 75707 Full Service B&M $17,562
    Spirit of Texas Bank, SSB 117 Hwy 193 Mingus, TX 76463 Full Service B&M $17,181
    Spirit of Texas Bank, SSB 1220 N Main St Jacksboro, TX 76458 Full Service B&M $6,470
    Spirit of Texas Bank, SSB 125 South State Highway 46 Seguin, TX 78155 Full Service B&M $47,356
    Spirit of Texas Bank, SSB 12840 Southwest Freeway Stafford, TX 77477 Full Service B&M $26,613
    Spirit of Texas Bank, SSB 1381 South Third Street Mabank, TX 75147 Full Service B&M $58,953
    Spirit of Texas Bank, SSB 14003 S Fm 4 Santo, TX 76472 Full Service B&M $36,789
    Spirit of Texas Bank, SSB 142 North Riedel Street Yorktown, TX 78164 Full Service B&M $186,971
    Spirit of Texas Bank, SSB 1525 Lake Front Circle The Woodlands, TX 77380 Full Service B&M $77,103
    Spirit of Texas Bank, SSB 165 Lone Star Parkway Montgomery, TX 77356 Full Service B&M $16,616
    Spirit of Texas Bank, SSB 16610 Interstate 45 The Woodlands, TX 77384 Full Service B&M $166,473
    Spirit of Texas Bank, SSB 16920 Village Lake Dr. Lindale, TX 75771 Full Service B&M $7,168
    Spirit of Texas Bank, SSB 205 Elm Street Tilden, TX 78072 Full Service B&M $35,662
    Spirit of Texas Bank, SSB 210 E. Cedar Creek Parkway Seven Points, TX 75143 Full Service B&M $24,296
    Spirit of Texas Bank, SSB 216 N. Broad Street Chandler, TX 75758 Full Service B&M $77,637
    Spirit of Texas Bank, SSB 3001 Palm Way Austin, TX 78758 Full Service B&M $46,898
    Spirit of Texas Bank, SSB 30350 F.M. 2978 Magnolia, TX 77354 Full Service B&M $50,622
    Spirit of Texas Bank, SSB 3100 Richmond Ave. Houston, TX 77098 Full Service B&M $43,534
    Spirit of Texas Bank, SSB 3915 Ssw Loop 323 Tyler, TX 75701 Full Service B&M $132,709
    Spirit of Texas Bank, SSB 5301 Spring Valley Road Dallas, TX 75254 Full Service B&M $53,068
    Spirit of Texas Bank, SSB 539 Oak Street Palo Pinto, TX 76484 Full Service B&M $36,783
    Spirit of Texas Bank, SSB 5712 Colleyville Boulevard Colleyville, TX 76034 Full Service B&M $56,065
    Spirit of Texas Bank, SSB 601 N.W. Loop 410, Suite 230 San Antonio, TX 78216 Full Service B&M $42,349
    Spirit of Texas Bank, SSB 601 West Northwest Hwy Grapevine, TX 76051 Full Service B&M $24,244
    Spirit of Texas Bank, SSB 625 University Drive College Station, TX 77840 Full Service B&M $327,450
    Spirit of Texas Bank, SSB 6910 Fm 1488 Road, Suite 1 Magnolia, TX 77354 Full Service B&M $34,053
    Spirit of Texas Bank, SSB 701 E. Hubbard Street Mineral Wells, TX 76067 Full Service B&M $5,860
    Spirit of Texas Bank, SSB 713 E. Tyler, P.O. Box 831 Athens, TX 75751 Full Service B&M $23,741
    Spirit of Texas Bank, SSB 720 North Post Oak Road Houston, TX 77024 Full Service B&M $70,246
    Spirit of Texas Bank, SSB 815 W Davis Street Conroe, TX 77301 Full Service B&M $112,731
    Spirit of Texas Bank, SSB 9324 Huebner Road San Antonio, TX 78240 Full Service B&M $40,387
    Spirit of Texas Bank, SSB 9702 Mineral Wells Hwy Weatherford, TX 76088 Full Service B&M $15,961

    For 2020, Spirit Of Texas Bank Ssb had 38 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $123,545
    Net interest income $107,184
    Total noninterest income $17,749
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,419
    Trading account gains and fees $0
    Additional Noninterest Income $15,330
    Pre-tax net operating income $41,809
    Securities gains (or losses, -) $1,031
    Income before extraordinary items $34,733
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $34,733
    Minority interest net income $0
    Net income $34,733
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $33,897

    Spirit Of Texas Bank Ssb's gross interest income from loans was $123,545,000.
    Spirit Of Texas Bank Ssb's net interest income from loans was $107,184,000.
    Spirit Of Texas Bank Ssb's fee based income from loans was $2,419,000.
    Spirit Of Texas Bank Ssb's net income from loans was $34,733,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $16,361
    Provision for credit losses $11,254
    Total noninterest expense $71,870
    Salaries and employee benefits $40,982
    Premises and equipment expense $10,633
    Additional noninterest expense $20,255
    Applicable income taxes $8,107
    Net charge-offs $1,964
    Cash dividends $2,767

    Spirit Of Texas Bank Ssb's interest expense for loans was $16,361,000.
    Spirit Of Texas Bank Ssb's payroll and benefits expense were $40,982,000.
    Spirit Of Texas Bank Ssb's property, plant and equipment expenses $10,633,000.

    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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $2,483,483
    Deposits held in domestic offices $2,483,483
    Deposits by Individuals, partnerships, and corporations $2,144,257
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $321,481
    Deposits by Commercial banks and other depository institutions in U.S. $17,745
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,234,524
    Demand deposits $1,223,916
    Nontransaction accounts $1,248,959
    Money market deposit accounts (MMDAs) $504,767
    Other savings deposits (excluding MMDAs) $105,804
    Total time deposits $638,388
    Total time and savings deposits $1,259,567
    Noninterest-bearing deposits $751,891
    Interest-bearing deposits $1,731,592
    Retail deposits $2,302,816
    IRAs and Keogh plan accounts $44,515
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,085,642
    Cash & Balances due from depository institutions $262,501
    Interest-bearing balances $230,999
    Total securities $236,420
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,376,214
    Loan and leases loss allowance $16,026
    Trading account assets $0
    Bank premises and fixed assets $83,148
    Other real estate owned $133
    Goodwill and other intangibles $88,442
    All other assets $38,784

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,085,642
    Total Liabilities $2,716,763
    Total deposits $2,483,483
    Interest-bearing deposits $1,731,592
    Deposits held in domestic offices $2,483,483
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $215,725
    Subordinated debt $0
    All other liabilities $17,555

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,376,214
    Loan and leases loss allowance $16,026
    Total loans and leases (domestic) $2,392,240
    All real estate loans $1,736,936
    Real estate loans in domestic offices $1,736,936
    Construction and development loans $415,488
    Residential 1-4 family construction $75,365
    Other construction, all land development and other land $340,123
    Loans secured by nonfarm nonresidential properties $843,716
    Nonfarm nonresidential secured by owner-occupied properties $243,075
    Commercial real estate & other non-farm, non-residential $600,641
    Multifamily residential real estate $55,250
    1-4 family residential loans $364,709
    Farmland loans $57,773
    Loans held in foreign offices $0
    Farm loans $9,883
    Commercial and industrial loans $549,277
    To non-U.S. addressees $0
    Loans to individuals $10,259
    Credit card loans $304
    Related Plans $197
    Consumer Auto Loans $2,253
    Other loans to individuals $7,505
    All other loans & leases $85,885
    Loans to foreign governments and official institutions $0
    Other loans $28,547
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,600
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $231
    Non 1-4 family restructured loans & leases $101
    Total loans and leases (foreign) $0

    Spirit of Texas Bank SSB had $2,376,214,000 of loans outstanding in 2020. $1,736,936,000 of loans were in real estate loans. $415,488,000 of loans were in development loans. $55,250,000 of loans were in multifamily mortgage loans. $364,709,000 of loans were in 1-4 family mortgage loans. $9,883,000 of loans were in farm loans. $304,000 of loans were in credit card loans. $2,253,000 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 588 $163,938 $278,806
    Nonfarm, nonresidential loans - <$100k 85 $3,953 $46,506
    Nonfarm, nonresidential loans - $100-250k 182 $23,352 $128,308
    Nonfarm, nonresidential loans - $250k-1MM 321 $136,633 $425,648
    Commercial & Industrial, US addressed loans - <$1MM 4,565 $314,302 $68,850
    Commercial & Industrial, US addressed loans - <$100k 2,796 $89,775 $32,108
    Commercial & Industrial, US addressed loans - $100-250k 864 $74,165 $85,839
    Commercial & Industrial, US addressed loans - $250k-1MM 905 $150,362 $166,146
    Farmland loans - <$1MM 201 $32,626 $162,318
    Farmland loans - <$100k 67 $2,815 $42,015
    Farmland loans - $100-250k 77 $9,185 $119,286
    Farmland loans - $250k-1MM 57 $20,626 $361,860
    Agriculture operations loans - <$1MM 249 $8,333 $33,466
    Agriculture operations loans - <$100k 227 $4,088 $18,009
    Agriculture operations loans - $100-250k 11 $1,034 $94,000
    Agriculture operations loans - $250k-1MM 11 $3,211 $291,909