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 Purchase and Refi loans. Pioneer Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Houston, Dallas, San Antonio, and Waco among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pioneer Bank Ssb 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. 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

    242

    Origination Dollar Volume (All Markets)

    $52,960,000

    Employee count

    211

    Awards

    Pioneer Bank SSB 30 Year Conventional Loans silver
    Show all (1) awards

    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
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 48 $25,110,000 $523,125 $6,761 4.86%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 82 $11,640,000 $141,951 $1,837 6.05%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 73 $7,475,000 $102,397 $1,041 5.95%
    Outside of Metro Areas 16 $3,120,000 $195,000 $6,346 4.97%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 9 $2,725,000 $302,778 $3,402 5.68%
    WACO, TX (FHA|USDA|VA) 6 $770,000 $128,333 $1,852 5.67%
    Breckenridge, CO (FHA|USDA|VA) 1 $745,000 $745,000 $3,524 4.25%
    Fredericksburg, TX (FHA|USDA|VA) 1 $525,000 $525,000 $3,171 3.88%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $225,000 $225,000 $5,906 4.50%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,634 4.38%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $145,000 $145,000 $7,037 5.00%
    Palestine, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,634 4.88%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.38%
    Bay City, TX (FHA|USDA|VA) 1 $85,000 $85,000 $3,363 3.75%
    Pioneer Bank Ssb's top markets include Austin, Houston, Dallas, San Antonio, and Waco among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Maine (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.

    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 459
    MEMBERS CHOICE Credit Union
    Similarity Rank: 549
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 707
    TEXAS BAY
    Similarity Rank: 888
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 1060
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 1120
    TEXANS
    Similarity Rank: 1204
    AAXY L.L.C.
    Similarity Rank: 1216
    NEIGHBORHOOD
    Similarity Rank: 1228
    JSC
    Similarity Rank: 1296

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 241 $52,505,000 $217,863 $2,981 5.63%
    HELOC 1 $455,000 $455,000 n/a 6.75%

    For 2019, Pioneer Bank Ssb's most frequently originated type of loan was Conventional, with 241 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 96 $22,190,000 $231,146 $5,994 5.56%
    Home Improvement 88 $6,850,000 $77,841 $448 6.34%
    Refi 36 $15,660,000 $435,000 $5,599 5.02%
    Cash Out Refi 21 $8,195,000 $390,238 $6,577 4.09%
    Other 1 $65,000 $65,000 $546 6.15%

    For 2019, Pioneer Bank Ssb's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Home Improvement, with 88 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 67 $5,615,000 $83,806 $520 6.30%
    30 Year 63 $31,645,000 $502,302 $6,493 4.12%
    1 Year 35 $4,575,000 $130,714 $0 6.82%
    15 Year 34 $3,910,000 $115,000 $1,895 5.44%
    5 Year 19 $2,745,000 $144,474 $0 6.04%
    10 Year 17 $2,745,000 $161,471 $368 6.02%
    Other 5 $1,595,000 $319,000 $8,703 6.13%
    3 Year 2 $130,000 $65,000 $221 5.71%

    For 2019, Pioneer Bank Ssb's most frequently cited loan duration was 20 Year, with 67 originations. The 2nd most popular length was 30 Year, with 63 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 94 $7,820,000 $83,191
    $1k-2k 50 $20,010,000 $400,200
    $2k-3k 9 $7,995,000 $888,333
    $3k-4k 4 $800,000 $200,000
    $4k-5k 3 $1,235,000 $411,667
    $5k+ 2 $2,710,000 $1,355,000

    Pioneer Bank Ssb's average total fees were $6,493, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 94 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 122 $12,290,000 $100,738
    3-4% 46 $18,970,000 $412,391
    5-6% 43 $7,655,000 $178,023
    4-5% 25 $11,895,000 $475,800
    7-8% 5 $295,000 $59,000
    2.5-3% 1 $1,855,000 $1,855,000

    During 2019, Pioneer Bank Ssb's average interest rate for loans was 4.12%, while their most frequently originated rate bucket for loans was 6-7%, with 122 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 103 $7,125,000 $69,175 $684 6.19%
    $100k-200k 80 $10,720,000 $134,000 $2,193 6.00%
    $200k-400k 29 $8,105,000 $279,483 $5,039 4.13%
    $400k-600k 12 $5,560,000 $463,333 $5,140 4.21%
    $1MM+ 9 $14,245,000 $1,582,778 $14,702 4.31%
    $600k-1MM 9 $7,205,000 $800,556 $7,765 4.22%

    2019 saw Pioneer Bank Ssb place emphasis on $100,000 or less loans with 103 originations, totaling $7,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 56 $10,770,000 $192,321 $2,390 5.55%
    $250k+ 41 $20,105,000 $490,366 $4,116 5.25%
    $100k-150k 40 $5,650,000 $141,250 $1,964 5.55%
    $75k-100k 16 $3,030,000 $189,375 $3,702 4.68%
    $50k-75k 9 $1,395,000 $155,000 $4,364 4.40%
    $50k or less 4 $380,000 $95,000 $3,849 4.12%

    Pioneer Bank Ssb lent most frequently to those with incomes in the $150k-250k range, with 56 originations. The second most popular income band? $250k+, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 50 $10,330,000 $206,600 $2,388 5.19%
    30-36% 41 $7,965,000 $194,268 $2,663 5.59%
    <20% 14 $4,610,000 $329,286 $3,282 4.94%
    36% 9 $1,365,000 $151,667 $1,910 5.58%
    39% 9 $2,915,000 $323,889 $4,029 5.42%
    43% 8 $1,330,000 $166,250 $3,116 5.36%
    38% 7 $845,000 $120,714 $1,634 5.80%
    40% 6 $1,260,000 $210,000 $2,764 5.23%
    41% 5 $3,065,000 $613,000 $3,772 5.79%
    37% 5 $1,685,000 $337,000 $4,309 4.73%
    42% 4 $2,340,000 $585,000 $10,880 5.10%
    45% 2 $2,030,000 $1,015,000 $6,733 3.81%
    46% 2 $390,000 $195,000 $4,613 4.37%
    44% 1 $345,000 $345,000 $5,110 3.38%
    47% 1 $385,000 $385,000 $3,266 4.38%
    48% 1 $165,000 $165,000 $4,272 3.75%
    50-60% 1 $305,000 $305,000 $0 5.75%

    Pioneer Bank Ssb lent most frequently to those with DTI ratios of 20-30%, with 50 originations. The next most common DTI ratio? 30-36%, with 41 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 129 $31,335,000 $242,907 $2,815 5.32%
    Not applicable 76 $11,630,000 $153,026 $0 6.39%
    Not provided 30 $7,750,000 $258,333 $3,398 5.22%
    Asian 2 $1,390,000 $695,000 $7,638 3.88%
    Black 4 $760,000 $190,000 $2,102 5.70%
    American Indian 1 $95,000 $95,000 $4,634 4.99%

    Approval Rates

    Total approvals of all applications
    70.90%

    Pioneer Bank Ssb has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.21%

    Pioneer Bank Ssb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 242 $52,960,000 $218,843

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,950,000 $975,000
    Single Family (1-4 Units):Site-Built 240 $51,010,000 $212,542

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $3,485,000 $139,400 $867 6.05%
    40-60% 20 $3,540,000 $177,000 $4,526 4.89%
    60-80% 100 $30,080,000 $300,800 $6,383 5.50%
    80-100% 28 $10,920,000 $390,000 $6,928 4.58%
    Under 20% 69 $4,935,000 $71,522 $417 6.34%

    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 $151,321
    Pioneer Bank, SSB 1150 West Main Street Tomball, TX 77375 Full Service B&M $65,058
    Pioneer Bank, SSB 1265 Loop 304 East Crockett, TX 75835 Full Service B&M $13,257
    Pioneer Bank, SSB 1300 N. Valley Mills Dr. Ste. 128 Waco, TX 76710 Full Service B&M $34,546
    Pioneer Bank, SSB 1400 Research Forest Drive, Suite 100 Shenandoah, TX 77381 Full Service B&M $30,189
    Pioneer Bank, SSB 155 North Main La Grange, TX 78945 Full Service B&M $29,934
    Pioneer Bank, SSB 1755 N Collins Blvd Ste 100 Richardson, TX 75080 Full Service B&M $77,586
    Pioneer Bank, SSB 200 West Morgan Street Meridian, TX 76665 Full Service B&M $43,086
    Pioneer Bank, SSB 24310 Southwest Freeway Rosenberg, TX 77471 Full Service B&M $39,458
    Pioneer Bank, SSB 3 Sugar Creek Center Blvd, Suite 150 Sugar Land, TX 77478 Full Service B&M $43,696
    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 $35,263
    Pioneer Bank, SSB 403 South Stagecoach Trail San Marcos, TX 78666 Full Service B&M $66,717
    Pioneer Bank, SSB 415 E Goliad Ave Crockett, TX 75835 Full Service B&M $75,427
    Pioneer Bank, SSB 5005 Woodway Drive, Suite 100 Houston, TX 77056 Full Service B&M $17,874
    Pioneer Bank, SSB 600 Main Street Kerrville, TX 78028 Full Service B&M $41,374
    Pioneer Bank, SSB 623 W. 38th Street Austin, TX 78705 Full Service B&M $222,131
    Pioneer Bank, SSB 802 S Robb St Trinity, TX 75862 Full Service B&M $31,874
    Pioneer Bank, SSB 9029 Highway 6, Suite 100 Missouri City, TX 77459 Full Service B&M $13,302
    Pioneer Bank, SSB 970 E. Basse Rd. San Antonio, TX 78209 Full Service B&M $38,740

    For 2019, Pioneer Bank Ssb had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $66,242
    Net interest income $42,621
    Total noninterest income $6,901
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,455
    Trading account gains and fees $0
    Additional Noninterest Income $5,446
    Pre-tax net operating income $11,984
    Securities gains (or losses, -) $979
    Income before extraordinary items $10,296
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,296
    Minority interest net income $0
    Net income $10,296
    Sale, conversion, retirement of capital stock, net $1,106
    Net operating income $9,522

    Pioneer Bank Ssb's gross interest income from loans was $66,242,000.
    Pioneer Bank Ssb's net interest income from loans was $42,621,000.
    Pioneer Bank Ssb's fee based income from loans was $1,455,000.
    Pioneer Bank Ssb's net income from loans was $10,296,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $23,621
    Provision for credit losses $1,422
    Total noninterest expense $36,116
    Salaries and employee benefits $21,661
    Premises and equipment expense $4,444
    Additional noninterest expense $10,011
    Applicable income taxes $2,667
    Net charge-offs $755
    Cash dividends $0

    Pioneer Bank Ssb's interest expense for loans was $23,621,000.
    Pioneer Bank Ssb's payroll and benefits expense were $21,661,000.
    Pioneer Bank Ssb's property, plant and equipment expenses $4,444,000.

    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 3.0%
    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 $1,075,618
    Deposits held in domestic offices $1,075,618
    Deposits by Individuals, partnerships, and corporations $986,183
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $59,182
    Deposits by Commercial banks and other depository institutions in U.S. $30,253
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $19,116
    Demand deposits $16,080
    Nontransaction accounts $1,056,502
    Money market deposit accounts (MMDAs) $536,230
    Other savings deposits (excluding MMDAs) $26,899
    Total time deposits $493,373
    Total time and savings deposits $1,059,538
    Noninterest-bearing deposits $209,444
    Interest-bearing deposits $866,174
    Retail deposits $862,518
    IRAs and Keogh plan accounts $26,268
    Brokered deposits $114,097
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,691,100
    Cash & Balances due from depository institutions $271,795
    Interest-bearing balances $262,869
    Total securities $312,933
    Federal funds sold & reverse repurchase $0
    Net loans and leases $987,571
    Loan and leases loss allowance $8,249
    Trading account assets $0
    Bank premises and fixed assets $42,527
    Other real estate owned $1,100
    Goodwill and other intangibles $4,361
    All other assets $70,813

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,691,100
    Total Liabilities $1,536,580
    Total deposits $1,075,618
    Interest-bearing deposits $866,174
    Deposits held in domestic offices $1,075,618
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $455,000
    Subordinated debt $0
    All other liabilities $5,962

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $987,571
    Loan and leases loss allowance $8,249
    Total loans and leases (domestic) $995,820
    All real estate loans $850,268
    Real estate loans in domestic offices $850,268
    Construction and development loans $133,147
    Residential 1-4 family construction $20,150
    Other construction, all land development and other land $112,997
    Loans secured by nonfarm nonresidential properties $412,284
    Nonfarm nonresidential secured by owner-occupied properties $176,264
    Commercial real estate & other non-farm, non-residential $236,020
    Multifamily residential real estate $10,720
    1-4 family residential loans $284,740
    Farmland loans $9,377
    Loans held in foreign offices $0
    Farm loans $3,354
    Commercial and industrial loans $109,756
    To non-U.S. addressees $0
    Loans to individuals $26,679
    Credit card loans $0
    Related Plans $1,047
    Consumer Auto Loans $286
    Other loans to individuals $25,346
    All other loans & leases $7,757
    Loans to foreign governments and official institutions $0
    Other loans $7,302
    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 $670
    Non 1-4 family restructured loans & leases $208
    Total loans and leases (foreign) $0

    Pioneer Bank SSB had $987,571,000 of loans outstanding in 2019. $850,268,000 of loans were in real estate loans. $133,147,000 of loans were in development loans. $10,720,000 of loans were in multifamily mortgage loans. $284,740,000 of loans were in 1-4 family mortgage loans. $3,354,000 of loans were in farm loans. $0 of loans were in credit card loans. $286,000 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 231 $69,410 $300,476
    Nonfarm, nonresidential loans - <$100k 26 $806 $31,000
    Nonfarm, nonresidential loans - $100-250k 54 $6,039 $111,833
    Nonfarm, nonresidential loans - $250k-1MM 151 $62,565 $414,338
    Commercial & Industrial, US addressed loans - <$1MM 401 $43,768 $109,147
    Commercial & Industrial, US addressed loans - <$100k 182 $4,058 $22,297
    Commercial & Industrial, US addressed loans - $100-250k 94 $7,993 $85,032
    Commercial & Industrial, US addressed loans - $250k-1MM 125 $31,717 $253,736
    Farmland loans - <$1MM 31 $2,650 $85,484
    Farmland loans - <$100k 17 $486 $28,588
    Farmland loans - $100-250k 8 $916 $114,500
    Farmland loans - $250k-1MM 6 $1,248 $208,000
    Agriculture operations loans - <$1MM 82 $3,354 $40,902
    Agriculture operations loans - <$100k 68 $1,073 $15,779
    Agriculture operations loans - $100-250k 12 $1,506 $125,500
    Agriculture operations loans - $250k-1MM 2 $775 $387,500