Pioneer Bank Ssb Mortgage Rates, Fees & Info

Austin, TX

LEI: 5493003GLHYTNOVI3291

Tax ID: 20-8758150

Latest/2023 | 2022 Data | 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
  • Similar Lenders
  • 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

    Pioneer Bank Ssb is a smaller bank specializing in Home Improvement and Home Purchase loans. Pioneer Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Dallas, Austin, Waco, and San Antonio among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pioneer Bank Ssb has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Pioneer Bank Ssb is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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

    61

    Origination Dollar Volume (All Markets)

    $8,475,000

    Employee count

    222

    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) 23 $2,845,000 $123,696 $400 5.84%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 24 $2,560,000 $106,667 $839 5.58%
    Outside of Metro Areas 1 $1,335,000 $1,335,000 $0 4.75%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 6 $1,030,000 $171,667 $0 5.92%
    WACO, TX (FHA|USDA|VA) 2 $460,000 $230,000 $400 5.37%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $245,000 $49,000 $400 5.59%
    Pioneer Bank Ssb's top markets include Houston, Dallas, Austin, Waco, and San Antonio among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Pioneer Bank SSB based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    NEIGHBORHOOD
    Similarity Rank: 200
    CORNERSTONE MORTGAGE PROVIDERS
    Similarity Rank: 291
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 386
    TEXANS
    Similarity Rank: 416
    Priority Bank
    Similarity Rank: 456
    AUSTIN TELCO Federal Credit Union
    Similarity Rank: 481
    JSC
    Similarity Rank: 900
    A+ Federal Credit Union
    Similarity Rank: 975
    TEXAS BAY
    Similarity Rank: 980
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 1176

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 61 $8,475,000 $138,934 $663 5.69%

    For 2018, Pioneer Bank Ssb's most frequently originated type of loan was Conventional, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 38 $2,600,000 $68,421 $400 5.71%
    Home Purchase 23 $5,875,000 $255,435 $3,035 5.67%

    For 2018, Pioneer Bank Ssb's most frequently cited loan purpose was Home Improvement, with 38 originations. The 2nd most popular reason was Home Purchase, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 19 $1,215,000 $63,947 $400 5.69%
    20 Year 15 $1,185,000 $79,000 $400 5.96%
    Other 11 $2,845,000 $258,636 $0 5.89%
    10 Year 8 $490,000 $61,250 $404 5.00%
    5 Year 4 $750,000 $187,500 $0 5.69%
    1 Year 2 $760,000 $380,000 $0 6.00%
    30 Year 1 $805,000 $805,000 $8,280 4.88%
    3 Year 1 $425,000 $425,000 $0 5.50%

    For 2018, Pioneer Bank Ssb's most frequently cited loan duration was 15 Year, with 19 originations. The 2nd most popular length was 20 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3 $245,000 $81,667
    $1k-2k 1 $805,000 $805,000

    Pioneer Bank Ssb's average total fees were $8,280, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 44 $4,380,000 $99,545
    4-5% 9 $2,915,000 $323,889
    6-7% 8 $1,180,000 $147,500

    During 2018, Pioneer Bank Ssb's average interest rate for loans was 4.88%, while their most frequently originated rate bucket for loans was 5-6%, with 44 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 38 $2,270,000 $59,737 $401 5.66%
    $100k-200k 16 $1,980,000 $123,750 $400 5.90%
    $200k-400k 3 $1,005,000 $335,000 $0 5.75%
    $600k-1MM 2 $1,460,000 $730,000 $8,280 5.19%
    $1MM+ 1 $1,335,000 $1,335,000 $0 4.75%
    $400k-600k 1 $425,000 $425,000 $0 5.50%

    2018 saw Pioneer Bank Ssb place emphasis on $100,000 or less loans with 38 originations, totaling $2,270,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 25 $1,685,000 $67,400 $400 5.70%
    $100k-150k 10 $570,000 $57,000 $404 5.58%
    $250k+ 6 $1,280,000 $213,333 $2,370 5.46%

    Pioneer Bank Ssb lent most frequently to those with incomes in the $150k-250k range, with 25 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 13 $1,575,000 $121,154 $1,057 5.54%
    30-36% 13 $925,000 $71,154 $400 5.64%
    <20% 4 $220,000 $55,000 $400 5.62%
    37% 3 $225,000 $75,000 $400 5.99%
    36% 2 $140,000 $70,000 $400 5.20%
    41% 2 $110,000 $55,000 $425 5.32%
    42% 2 $170,000 $85,000 $400 6.12%
    38% 1 $75,000 $75,000 $400 5.99%
    39% 1 $95,000 $95,000 $0 5.99%

    Pioneer Bank Ssb lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? 30-36%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 20 $4,940,000 $247,000 $0 5.81%
    White 32 $2,880,000 $90,000 $744 5.64%
    Not provided 7 $395,000 $56,429 $400 5.49%
    American Indian 1 $135,000 $135,000 $400 5.99%
    Black 1 $125,000 $125,000 $400 6.24%

    Approval Rates

    Total approvals of all applications
    69.00%

    Pioneer Bank Ssb has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    86.89%

    Pioneer Bank Ssb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 61 $8,475,000 $138,934

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 61 $8,475,000 $138,934

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $540,000 $90,000 $400 5.91%
    40-60% 4 $370,000 $92,500 $0 5.63%
    60-80% 16 $4,980,000 $311,250 $8,280 5.85%
    Over 100% 1 $395,000 $395,000 $0 4.99%
    Under 20% 34 $2,190,000 $64,412 $401 5.61%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Pioneer Bank, SSB 100 Creek Road Dripping Springs, TX 78620 Full Service B&M $212,102
    Pioneer Bank, SSB 1150 West Main Street Tomball, TX 77375 Full Service B&M $63,481
    Pioneer Bank, SSB 1265 Loop 304 East Crockett, TX 75835 Full Service B&M $13,833
    Pioneer Bank, SSB 1300 N. Valley Mills Dr. Ste. 128 Waco, TX 76710 Full Service B&M $32,119
    Pioneer Bank, SSB 1400 Research Forest Drive, Suite 100 Shenandoah, TX 77381 Full Service B&M $33,324
    Pioneer Bank, SSB 155 North Main La Grange, TX 78945 Full Service B&M $26,435
    Pioneer Bank, SSB 1755 N Collins Blvd Ste 100 Richardson, TX 75080 Full Service B&M $82,419
    Pioneer Bank, SSB 200 West Morgan Street Meridian, TX 76665 Full Service B&M $40,731
    Pioneer Bank, SSB 23701 Cinco Ranch Blvd., Suite 100 Katy, TX 77494 Full Service B&M $18,244
    Pioneer Bank, SSB 24310 Southwest Freeway Rosenberg, TX 77471 Full Service B&M $25,633
    Pioneer Bank, SSB 3 Sugar Creek Center Blvd, Suite 150 Sugar Land, TX 77478 Full Service B&M $49,483
    Pioneer Bank, SSB 3 Sugar Creek Center Blvd. #200 Sugar Land, TX 77478 Limited, Administrative $0
    Pioneer Bank, SSB 302 E. Second St. Hico, TX 76457 Full Service B&M $33,135
    Pioneer Bank, SSB 403 South Stagecoach Trail San Marcos, TX 78666 Full Service B&M $58,605
    Pioneer Bank, SSB 415 E Goliad Ave Crockett, TX 75835 Full Service B&M $73,977
    Pioneer Bank, SSB 600 Main Street Kerrville, TX 78028 Full Service B&M $46,752
    Pioneer Bank, SSB 623 W. 38th Street Austin, TX 78705 Full Service B&M $51,644
    Pioneer Bank, SSB 802 S Robb St Trinity, TX 75862 Full Service B&M $30,573
    Pioneer Bank, SSB 9029 Highway 6, Suite 100 Missouri City, TX 77459 Full Service B&M $8,624
    Pioneer Bank, SSB 970 E. Basse Rd. San Antonio, TX 78209 Full Service B&M $40,692

    For 2018, Pioneer Bank Ssb had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $55,283
    Net interest income $40,816
    Total noninterest income $6,247
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,433
    Trading account gains and fees $0
    Additional Noninterest Income $4,814
    Pre-tax net operating income $9,939
    Securities gains (or losses, -) $-816
    Income before extraordinary items $7,154
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,154
    Minority interest net income $0
    Net income $7,154
    Sale, conversion, retirement of capital stock, net $206
    Net operating income $7,798

    Pioneer Bank Ssb's gross interest income from loans was $55,283,000.
    Pioneer Bank Ssb's net interest income from loans was $40,816,000.
    Pioneer Bank Ssb's fee based income from loans was $1,433,000.
    Pioneer Bank Ssb's net income from loans was $7,154,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $14,467
    Provision for credit losses $992
    Total noninterest expense $36,132
    Salaries and employee benefits $20,687
    Premises and equipment expense $4,889
    Additional noninterest expense $10,556
    Applicable income taxes $1,969
    Net charge-offs $1,431
    Cash dividends $0

    Pioneer Bank Ssb's interest expense for loans was $14,467,000.
    Pioneer Bank Ssb's payroll and benefits expense were $20,687,000.
    Pioneer Bank Ssb's property, plant and equipment expenses $4,889,000.

    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 $990,764
    Deposits held in domestic offices $990,764
    Deposits by Individuals, partnerships, and corporations $869,850
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $48,027
    Deposits by Commercial banks and other depository institutions in U.S. $72,887
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $5,010
    Demand deposits $4,930
    Nontransaction accounts $985,754
    Money market deposit accounts (MMDAs) $563,834
    Other savings deposits (excluding MMDAs) $30,067
    Total time deposits $391,853
    Total time and savings deposits $985,834
    Noninterest-bearing deposits $189,823
    Interest-bearing deposits $800,941
    Retail deposits $869,795
    IRAs and Keogh plan accounts $28,511
    Brokered deposits $102,089
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,553,403
    Cash & Balances due from depository institutions $255,600
    Interest-bearing balances $244,410
    Total securities $228,462
    Federal funds sold & reverse repurchase $0
    Net loans and leases $952,113
    Loan and leases loss allowance $7,582
    Trading account assets $0
    Bank premises and fixed assets $44,584
    Other real estate owned $608
    Goodwill and other intangibles $4,815
    All other assets $67,221

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,553,403
    Total Liabilities $1,415,866
    Total deposits $990,764
    Interest-bearing deposits $800,941
    Deposits held in domestic offices $990,764
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $420,000
    Subordinated debt $0
    All other liabilities $5,102

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $952,113
    Loan and leases loss allowance $7,582
    Total loans and leases (domestic) $959,695
    All real estate loans $841,814
    Real estate loans in domestic offices $841,814
    Construction and development loans $125,055
    Residential 1-4 family construction $22,057
    Other construction, all land development and other land $102,998
    Loans secured by nonfarm nonresidential properties $359,699
    Nonfarm nonresidential secured by owner-occupied properties $160,093
    Commercial real estate & other non-farm, non-residential $199,606
    Multifamily residential real estate $12,113
    1-4 family residential loans $329,854
    Farmland loans $15,093
    Loans held in foreign offices $0
    Farm loans $2,922
    Commercial and industrial loans $93,939
    To non-U.S. addressees $0
    Loans to individuals $21,553
    Credit card loans $0
    Related Plans $1,190
    Consumer Auto Loans $516
    Other loans to individuals $19,847
    All other loans & leases $1,078
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $975
    Non 1-4 family restructured loans & leases $386
    Total loans and leases (foreign) $0

    Pioneer Bank SSB had $952,113,000 of loans outstanding in 2018. $841,814,000 of loans were in real estate loans. $125,055,000 of loans were in development loans. $12,113,000 of loans were in multifamily mortgage loans. $329,854,000 of loans were in 1-4 family mortgage loans. $2,922,000 of loans were in farm loans. $0 of loans were in credit card loans. $516,000 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 234 $70,864 $302,838
    Nonfarm, nonresidential loans - <$100k 34 $1,220 $35,882
    Nonfarm, nonresidential loans - $100-250k 61 $7,468 $122,426
    Nonfarm, nonresidential loans - $250k-1MM 139 $62,176 $447,309
    Commercial & Industrial, US addressed loans - <$1MM 427 $43,677 $102,288
    Commercial & Industrial, US addressed loans - <$100k 226 $5,016 $22,195
    Commercial & Industrial, US addressed loans - $100-250k 87 $8,159 $93,782
    Commercial & Industrial, US addressed loans - $250k-1MM 114 $30,502 $267,561
    Farmland loans - <$1MM 40 $4,062 $101,550
    Farmland loans - <$100k 16 $489 $30,563
    Farmland loans - $100-250k 18 $2,220 $123,333
    Farmland loans - $250k-1MM 6 $1,353 $225,500
    Agriculture operations loans - <$1MM 89 $2,922 $32,831
    Agriculture operations loans - <$100k 76 $1,321 $17,382
    Agriculture operations loans - $100-250k 11 $1,208 $109,818
    Agriculture operations loans - $250k-1MM 2 $393 $196,500