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 Cash Out Refi, 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, Fredericksburg, and San Antonio among others. We have data for 20 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

    233

    Origination Dollar Volume (All Markets)

    $71,055,000

    Employee count

    214

    Awards

    Pioneer Bank SSB 30 Year Conventional Loans bronze
    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) 64 $24,330,000 $380,156 $4,788 3.18%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 80 $20,170,000 $252,125 $4,675 3.94%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 35 $10,115,000 $289,000 $4,536 3.23%
    Outside of Metro Areas 17 $4,165,000 $245,000 $5,563 3.68%
    Fredericksburg, TX (FHA|USDA|VA) 4 $3,670,000 $917,500 $5,093 3.13%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 12 $3,170,000 $264,167 $5,642 3.58%
    WACO, TX (FHA|USDA|VA) 4 $1,110,000 $277,500 $4,393 2.91%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $585,000 $195,000 $4,228 3.33%
    Kapaa, HI (FHA|USDA|VA) 1 $555,000 $555,000 $0 3.13%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $540,000 $270,000 $3,163 2.75%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $505,000 $505,000 $6,754 2.63%
    Rockport, TX (FHA|USDA|VA) 1 $405,000 $405,000 $6,137 3.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $385,000 $385,000 $4,563 3.38%
    Uvalde, TX (FHA|USDA|VA) 1 $295,000 $295,000 $5,544 2.75%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $255,000 $255,000 $7,686 3.13%
    Kerrville, TX (FHA|USDA|VA) 2 $220,000 $110,000 $3,567 3.50%
    BILLINGS, MT (FHA|USDA|VA) 1 $185,000 $185,000 $3,685 3.00%
    Brenham, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.25%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $135,000 $135,000 $3,125 3.38%
    Nacogdoches, TX (FHA|USDA|VA) 1 $85,000 $85,000 $3,622 3.38%
    Pioneer Bank Ssb's top markets include Austin, Houston, Dallas, Fredericksburg, and San Antonio among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Hawaii (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Florida (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.

    United Heritage Credit Union
    Similarity Rank: 657
    AAXY L.L.C.
    Similarity Rank: 1449
    CADENCE LENDING GROUP, INC.
    Similarity Rank: 1480
    MEMBERS CHOICE Credit Union
    Similarity Rank: 1824
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1832
    Shea Mortgage Inc.
    Similarity Rank: 1848
    TEXAS TRUST
    Similarity Rank: 1885
    ASSOCIATED CREDIT UNION OF TEXAS
    Similarity Rank: 1895
    DATCU
    Similarity Rank: 1900
    PRIMEWAY
    Similarity Rank: 2088

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 233 $71,055,000 $304,957 $4,803 3.51%

    For 2020, Pioneer Bank Ssb's most frequently originated type of loan was Conventional, with 233 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 83 $28,335,000 $341,386 $5,378 3.26%
    Home Purchase 81 $21,905,000 $270,432 $5,487 4.10%
    Refi 65 $20,475,000 $315,000 $3,863 2.98%
    Home Improvement 3 $285,000 $95,000 $437 5.30%
    Other 1 $55,000 $55,000 $561 4.82%

    For 2020, Pioneer Bank Ssb's most frequently cited loan purpose was Cash Out Refi, with 83 originations. The 2nd most popular reason was Home Purchase, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 117 $40,325,000 $344,658 $5,138 3.23%
    15 Year 51 $13,135,000 $257,549 $4,075 2.94%
    5 Year 22 $5,630,000 $255,909 $0 4.80%
    1 Year 17 $3,035,000 $178,529 $0 5.16%
    20 Year 13 $3,515,000 $270,385 $4,781 3.16%
    10 Year 7 $3,535,000 $505,000 $3,955 3.79%
    Other 6 $1,880,000 $313,333 $5,624 4.79%

    For 2020, Pioneer Bank Ssb's most frequently cited loan duration was 30 Year, with 117 originations. The 2nd most popular length was 15 Year, with 51 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 145 $45,555,000 $314,172
    $<1k 14 $3,440,000 $245,714
    $2k-3k 6 $2,440,000 $406,667
    $5k+ 5 $2,145,000 $429,000
    $3k-4k 4 $1,480,000 $370,000
    $4k-5k 4 $1,450,000 $362,500

    Pioneer Bank Ssb's average total fees were $5,138, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 145 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 77 $28,785,000 $373,831
    2.5-3% 75 $24,385,000 $325,133
    <2.5% 27 $7,205,000 $266,852
    4-5% 27 $5,795,000 $214,630
    5-6% 23 $4,385,000 $190,652
    6-7% 4 $500,000 $125,000

    During 2020, Pioneer Bank Ssb's average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 3-4%, with 77 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 88 $25,930,000 $294,659 $4,761 3.09%
    $100k-200k 67 $9,865,000 $147,239 $3,777 4.00%
    $400k-600k 51 $23,755,000 $465,784 $5,830 3.10%
    $100,000 or less 19 $1,415,000 $74,474 $2,600 4.40%
    $600k-1MM 5 $3,815,000 $763,000 $8,806 4.72%
    $1MM+ 3 $6,275,000 $2,091,667 $15,063 3.88%

    2020 saw Pioneer Bank Ssb place emphasis on $200k-400k loans with 88 originations, totaling $25,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 66 $21,010,000 $318,333 $5,090 3.04%
    $100k-150k 55 $15,885,000 $288,818 $4,728 3.10%
    $250k+ 32 $15,550,000 $485,938 $5,366 3.32%
    $75k-100k 12 $2,820,000 $235,000 $3,976 3.22%
    $50k-75k 9 $1,365,000 $151,667 $3,680 3.36%
    $50k or less 7 $755,000 $107,857 $3,691 3.23%

    Pioneer Bank Ssb lent most frequently to those with incomes in the $150k-250k range, with 66 originations. The second most popular income band? $100k-150k, with 55 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 57 $16,785,000 $294,474 $4,266 2.99%
    30-36% 36 $10,730,000 $298,056 $4,674 3.24%
    <20% 22 $6,080,000 $276,364 $4,846 2.86%
    43% 8 $2,450,000 $306,250 $4,650 3.32%
    38% 7 $1,725,000 $246,429 $4,418 3.51%
    40% 7 $2,195,000 $313,571 $4,781 3.21%
    37% 6 $1,850,000 $308,333 $6,445 3.06%
    47% 5 $1,465,000 $293,000 $4,606 2.73%
    41% 5 $1,385,000 $277,000 $4,809 3.20%
    44% 5 $2,045,000 $409,000 $4,783 2.88%
    42% 4 $1,330,000 $332,500 $6,090 3.28%
    36% 4 $1,740,000 $435,000 $6,142 3.34%
    39% 4 $1,360,000 $340,000 $4,539 3.13%
    45% 3 $625,000 $208,333 $4,544 3.46%
    49% 3 $925,000 $308,333 $5,095 3.58%
    50-60% 3 $3,915,000 $1,305,000 $10,633 4.04%
    46% 2 $710,000 $355,000 $5,912 3.19%
    48% 2 $370,000 $185,000 $4,321 2.69%

    Pioneer Bank Ssb lent most frequently to those with DTI ratios of 20-30%, with 57 originations. The next most common DTI ratio? 30-36%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 137 $39,875,000 $291,058 $4,631 3.11%
    Not provided 39 $15,325,000 $392,949 $5,351 3.22%
    Not applicable 49 $12,685,000 $258,878 $0 4.92%
    Asian 5 $1,925,000 $385,000 $4,908 2.95%
    Black 3 $1,245,000 $415,000 $5,985 3.08%

    Approval Rates

    Total approvals of all applications
    82.35%

    Pioneer Bank Ssb has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    64.38%

    Pioneer Bank Ssb has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 233 $71,055,000 $304,957

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $745,000 $745,000
    Single Family (1-4 Units):Manufactured 1 $75,000 $75,000
    Single Family (1-4 Units):Site-Built 231 $70,235,000 $304,048

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $2,870,000 $205,000 $4,451 3.13%
    40-60% 48 $17,630,000 $367,292 $4,658 2.98%
    60-80% 131 $40,615,000 $310,038 $5,128 3.71%
    80-100% 34 $9,330,000 $274,412 $4,881 3.43%
    Under 20% 6 $610,000 $101,667 $1,673 4.62%

    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 $151,510
    Pioneer Bank, SSB 1150 West Main Street Tomball, TX 77375 Full Service B&M $68,261
    Pioneer Bank, SSB 1265 Loop 304 East Crockett, TX 75835 Full Service B&M $11,470
    Pioneer Bank, SSB 1300 N. Valley Mills Dr. Ste. 128 Waco, TX 76710 Full Service B&M $35,511
    Pioneer Bank, SSB 1400 Research Forest Drive, Suite 100 Shenandoah, TX 77381 Full Service B&M $30,785
    Pioneer Bank, SSB 155 North Main La Grange, TX 78945 Full Service B&M $33,241
    Pioneer Bank, SSB 1755 N Collins Blvd Ste 100 Richardson, TX 75080 Full Service B&M $89,901
    Pioneer Bank, SSB 200 West Morgan Street Meridian, TX 76665 Full Service B&M $54,003
    Pioneer Bank, SSB 24310 Southwest Freeway Rosenberg, TX 77471 Full Service B&M $36,441
    Pioneer Bank, SSB 3 Sugar Creek Center Blvd, Suite 150 Sugar Land, TX 77478 Full Service B&M $55,196
    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 $36,449
    Pioneer Bank, SSB 403 South Stagecoach Trail San Marcos, TX 78666 Full Service B&M $59,915
    Pioneer Bank, SSB 415 E Goliad Ave Crockett, TX 75835 Full Service B&M $81,849
    Pioneer Bank, SSB 5005 Woodway Drive, Suite 100 Houston, TX 77056 Full Service B&M $48,147
    Pioneer Bank, SSB 600 Main Street Kerrville, TX 78028 Full Service B&M $45,933
    Pioneer Bank, SSB 623 W. 38th Street Austin, TX 78705 Full Service B&M $374,242
    Pioneer Bank, SSB 802 S Robb St Trinity, TX 75862 Full Service B&M $35,497
    Pioneer Bank, SSB 9029 Highway 6, Suite 100 Missouri City, TX 77459 Full Service B&M $15,358
    Pioneer Bank, SSB 970 E. Basse Rd. San Antonio, TX 78209 Full Service B&M $46,630

    For 2020, Pioneer Bank Ssb had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $60,147
    Net interest income $43,116
    Total noninterest income $5,602
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,188
    Trading account gains and fees $0
    Additional Noninterest Income $4,414
    Pre-tax net operating income $7,749
    Securities gains (or losses, -) $6,204
    Income before extraordinary items $11,062
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,062
    Minority interest net income $0
    Net income $11,062
    Sale, conversion, retirement of capital stock, net $865
    Net operating income $6,160

    Pioneer Bank Ssb's gross interest income from loans was $60,147,000.
    Pioneer Bank Ssb's net interest income from loans was $43,116,000.
    Pioneer Bank Ssb's fee based income from loans was $1,188,000.
    Pioneer Bank Ssb's net income from loans was $11,062,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $17,031
    Provision for credit losses $4,440
    Total noninterest expense $36,529
    Salaries and employee benefits $20,748
    Premises and equipment expense $4,347
    Additional noninterest expense $11,434
    Applicable income taxes $2,891
    Net charge-offs $2,391
    Cash dividends $0

    Pioneer Bank Ssb's interest expense for loans was $17,031,000.
    Pioneer Bank Ssb's payroll and benefits expense were $20,748,000.
    Pioneer Bank Ssb's property, plant and equipment expenses $4,347,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    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 0.0%
    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 $1,292,630
    Deposits held in domestic offices $1,292,630
    Deposits by Individuals, partnerships, and corporations $1,190,784
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $94,569
    Deposits by Commercial banks and other depository institutions in U.S. $7,278
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $10,662
    Demand deposits $10,557
    Nontransaction accounts $1,281,969
    Money market deposit accounts (MMDAs) $705,720
    Other savings deposits (excluding MMDAs) $34,995
    Total time deposits $541,254
    Total time and savings deposits $1,282,074
    Noninterest-bearing deposits $287,477
    Interest-bearing deposits $1,005,153
    Retail deposits $1,041,444
    IRAs and Keogh plan accounts $28,141
    Brokered deposits $118,185
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,751,028
    Cash & Balances due from depository institutions $241,711
    Interest-bearing balances $234,779
    Total securities $325,198
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,074,262
    Loan and leases loss allowance $10,298
    Trading account assets $0
    Bank premises and fixed assets $41,153
    Other real estate owned $583
    Goodwill and other intangibles $3,687
    All other assets $64,434

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,751,028
    Total Liabilities $1,583,973
    Total deposits $1,292,630
    Interest-bearing deposits $1,005,153
    Deposits held in domestic offices $1,292,630
    % insured (estimated) $62
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $285,000
    Subordinated debt $0
    All other liabilities $6,343

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,074,262
    Loan and leases loss allowance $10,298
    Total loans and leases (domestic) $1,084,560
    All real estate loans $860,421
    Real estate loans in domestic offices $860,421
    Construction and development loans $180,608
    Residential 1-4 family construction $29,767
    Other construction, all land development and other land $150,841
    Loans secured by nonfarm nonresidential properties $450,853
    Nonfarm nonresidential secured by owner-occupied properties $182,973
    Commercial real estate & other non-farm, non-residential $267,880
    Multifamily residential real estate $10,595
    1-4 family residential loans $210,642
    Farmland loans $7,723
    Loans held in foreign offices $0
    Farm loans $2,883
    Commercial and industrial loans $180,082
    To non-U.S. addressees $0
    Loans to individuals $39,489
    Credit card loans $0
    Related Plans $987
    Consumer Auto Loans $161
    Other loans to individuals $38,341
    All other loans & leases $6,097
    Loans to foreign governments and official institutions $0
    Other loans $5,946
    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 $516
    Non 1-4 family restructured loans & leases $99
    Total loans and leases (foreign) $0

    Pioneer Bank SSB had $1,074,262,000 of loans outstanding in 2020. $860,421,000 of loans were in real estate loans. $180,608,000 of loans were in development loans. $10,595,000 of loans were in multifamily mortgage loans. $210,642,000 of loans were in 1-4 family mortgage loans. $2,883,000 of loans were in farm loans. $0 of loans were in credit card loans. $161,000 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 233 $72,864 $312,721
    Nonfarm, nonresidential loans - <$100k 25 $631 $25,240
    Nonfarm, nonresidential loans - $100-250k 49 $5,507 $112,388
    Nonfarm, nonresidential loans - $250k-1MM 159 $66,726 $419,660
    Commercial & Industrial, US addressed loans - <$1MM 994 $89,786 $90,328
    Commercial & Industrial, US addressed loans - <$100k 611 $21,193 $34,686
    Commercial & Industrial, US addressed loans - $100-250k 239 $27,931 $116,866
    Commercial & Industrial, US addressed loans - $250k-1MM 144 $40,662 $282,375
    Farmland loans - <$1MM 26 $2,127 $81,808
    Farmland loans - <$100k 14 $420 $30,000
    Farmland loans - $100-250k 6 $633 $105,500
    Farmland loans - $250k-1MM 6 $1,074 $179,000
    Agriculture operations loans - <$1MM 56 $2,883 $51,482
    Agriculture operations loans - <$100k 43 $589 $13,698
    Agriculture operations loans - $100-250k 11 $1,525 $138,636
    Agriculture operations loans - $250k-1MM 2 $769 $384,500