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
  • Complaints
  • 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, Cash Out Refi, 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 Breckenridge among others. We have data for 10 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

    159

    Origination Dollar Volume (All Markets)

    $57,585,000

    Employee count

    176

    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) 42 $18,780,000 $447,143 $6,235 3.22%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 54 $17,390,000 $322,037 $4,920 3.70%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 41 $13,745,000 $335,244 $4,275 3.17%
    Outside of Metro Areas 10 $2,740,000 $274,000 $5,963 3.19%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $2,055,000 $293,571 $6,449 3.44%
    Breckenridge, CO (FHA|USDA|VA) 1 $1,345,000 $1,345,000 $5,186 4.63%
    Fredericksburg, TX (FHA|USDA|VA) 1 $545,000 $545,000 $6,151 3.00%
    Athens, TX (FHA|USDA|VA) 1 $525,000 $525,000 $6,148 2.50%
    WACO, TX (FHA|USDA|VA) 1 $285,000 $285,000 $10,136 4.00%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,021 3.00%
    Pioneer Bank Ssb's top markets include Austin, Houston, Dallas, San Antonio, and Breckenridge 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.

    AMOCO
    Similarity Rank: 405
    United Heritage Credit Union
    Similarity Rank: 636
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 1320
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1512
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1968
    TEXAS BAY
    Similarity Rank: 2076
    DATCU
    Similarity Rank: 2220
    UNION SQUARE
    Similarity Rank: 2220
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 2304
    PRIMEWAY
    Similarity Rank: 2450

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 159 $57,585,000 $362,170 $5,309 3.38%

    For 2021, Pioneer Bank Ssb's most frequently originated type of loan was Conventional, with 159 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 62 $17,140,000 $276,452 $5,918 3.73%
    Cash Out Refi 62 $24,370,000 $393,065 $5,907 3.04%
    Refi 27 $15,215,000 $563,519 $4,654 2.91%
    Home Improvement 4 $370,000 $92,500 $497 4.72%
    Other 4 $490,000 $122,500 $671 5.16%

    For 2021, Pioneer Bank Ssb's most frequently cited loan purpose was Home Purchase, with 62 originations. The 2nd most popular reason was Cash Out Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 86 $36,070,000 $419,419 $6,026 3.10%
    15 Year 26 $5,700,000 $219,231 $3,410 3.24%
    1 Year 18 $2,910,000 $161,667 $0 4.50%
    20 Year 10 $3,170,000 $317,000 $4,447 2.94%
    5 Year 10 $8,190,000 $819,000 $0 3.93%
    10 Year 6 $1,000,000 $166,667 $4,388 4.27%
    Other 3 $545,000 $181,667 $3,191 3.92%

    For 2021, Pioneer Bank Ssb's most frequently cited loan duration was 30 Year, with 86 originations. The 2nd most popular length was 15 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 95 $36,945,000 $388,895
    $<1k 10 $1,360,000 $136,000
    $2k-3k 10 $4,190,000 $419,000
    $5k+ 4 $1,580,000 $395,000
    $3k-4k 3 $1,085,000 $361,667
    $4k-5k 1 $155,000 $155,000

    Pioneer Bank Ssb's average total fees were $6,026, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 95 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 61 $19,715,000 $323,197
    4-5% 39 $11,625,000 $298,077
    3-4% 36 $19,030,000 $528,611
    <2.5% 20 $6,760,000 $338,000
    5-6% 3 $455,000 $151,667

    During 2021, Pioneer Bank Ssb's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 2.5-3%, with 61 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 56 $16,860,000 $301,071 $5,008 3.13%
    $100k-200k 50 $7,510,000 $150,200 $4,026 3.78%
    $400k-600k 36 $17,270,000 $479,722 $6,410 2.92%
    $100,000 or less 9 $615,000 $68,333 $1,949 4.17%
    $1MM+ 6 $13,930,000 $2,321,667 $11,863 4.02%
    $600k-1MM 2 $1,400,000 $700,000 $7,043 3.38%

    2021 saw Pioneer Bank Ssb place emphasis on $200k-400k loans with 56 originations, totaling $16,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 39 $14,045,000 $360,128 $5,036 2.94%
    $250k+ 32 $16,860,000 $526,875 $5,890 3.45%
    $100k-150k 26 $8,680,000 $333,846 $5,427 2.96%
    $75k-100k 13 $3,325,000 $255,769 $5,311 3.04%
    $50k-75k 9 $1,715,000 $190,556 $4,652 3.00%
    $50k or less 4 $480,000 $120,000 $4,297 3.56%

    Pioneer Bank Ssb lent most frequently to those with incomes in the $150k-250k range, with 39 originations. The second most popular income band? $250k+, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 37 $15,325,000 $414,189 $5,207 3.13%
    30-36% 27 $10,235,000 $379,074 $6,208 2.94%
    <20% 16 $4,790,000 $299,375 $4,058 3.43%
    36% 9 $2,695,000 $299,444 $4,876 3.03%
    39% 5 $2,195,000 $439,000 $6,100 3.15%
    42% 5 $2,025,000 $405,000 $6,437 3.08%
    40% 4 $890,000 $222,500 $4,720 2.78%
    43% 4 $1,620,000 $405,000 $5,344 3.06%
    38% 3 $815,000 $271,667 $6,794 3.46%
    37% 3 $765,000 $255,000 $3,706 3.83%
    46% 3 $1,015,000 $338,333 $5,300 3.29%
    47% 2 $660,000 $330,000 $3,746 2.75%
    44% 2 $760,000 $380,000 $4,594 2.75%
    49% 1 $155,000 $155,000 $4,753 2.75%
    41% 1 $525,000 $525,000 $6,148 2.50%
    45% 1 $465,000 $465,000 $6,777 3.38%
    48% 1 $515,000 $515,000 $4,395 2.50%

    Pioneer Bank Ssb lent most frequently to those with DTI ratios of 20-30%, with 37 originations. The next most common DTI ratio? 30-36%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 92 $31,350,000 $340,761 $5,008 3.10%
    Not applicable 35 $12,135,000 $346,714 $0 4.35%
    Not provided 25 $11,585,000 $463,400 $6,796 3.20%
    Black 2 $820,000 $410,000 $4,485 3.25%
    Other Asian 2 $610,000 $305,000 $4,394 2.81%
    Asian 2 $570,000 $285,000 $3,488 2.88%
    American Indian 1 $515,000 $515,000 $4,395 2.50%

    Approval Rates

    Total approvals of all applications
    79.58%

    Pioneer Bank Ssb has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    63.52%

    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 159 $57,585,000 $362,170

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    159 $57,585,000 $362,170

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $4,645,000 $309,667 $4,373 3.37%
    40-60% 33 $10,015,000 $303,485 $5,232 3.10%
    60-80% 87 $36,535,000 $419,943 $6,009 3.48%
    80-100% 18 $5,920,000 $328,889 $5,482 2.95%
    Under 20% 6 $470,000 $78,333 $502 4.88%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PMR Progressive, LLC Conventional home mortgage Trouble during payment process 1 100.0%

    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 $170,914
    Pioneer Bank, SSB 1150 West Main Street Tomball, TX 77375 Full Service B&M $70,732
    Pioneer Bank, SSB 1265 Loop 304 East Crockett, TX 75835 Full Service B&M $11,715
    Pioneer Bank, SSB 1300 N. Valley Mills Dr. Ste. 128 Waco, TX 76710 Full Service B&M $36,123
    Pioneer Bank, SSB 1400 Research Forest Drive, Suite 100 Shenandoah, TX 77381 Full Service B&M $31,754
    Pioneer Bank, SSB 155 North Main La Grange, TX 78945 Full Service B&M $32,003
    Pioneer Bank, SSB 1755 N Collins Blvd Ste 100 Richardson, TX 75080 Full Service B&M $86,169
    Pioneer Bank, SSB 200 West Morgan Street Meridian, TX 76665 Full Service B&M $63,829
    Pioneer Bank, SSB 24310 Southwest Freeway Rosenberg, TX 77471 Full Service B&M $38,317
    Pioneer Bank, SSB 3 Sugar Creek Center Blvd, Suite 150 Sugar Land, TX 77478 Full Service B&M $59,089
    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 $41,934
    Pioneer Bank, SSB 403 South Stagecoach Trail San Marcos, TX 78666 Full Service B&M $65,628
    Pioneer Bank, SSB 415 E Goliad Ave Crockett, TX 75835 Full Service B&M $93,927
    Pioneer Bank, SSB 5005 Woodway Drive, Suite 100 Houston, TX 77056 Full Service B&M $64,220
    Pioneer Bank, SSB 600 Main Street Kerrville, TX 78028 Full Service B&M $47,533
    Pioneer Bank, SSB 623 W. 38th Street Austin, TX 78705 Full Service B&M $254,330
    Pioneer Bank, SSB 802 S Robb St Trinity, TX 75862 Full Service B&M $41,921
    Pioneer Bank, SSB 9029 Highway 6, Ste 100 Missouri City, TX 77459 Full Service B&M $16,615
    Pioneer Bank, SSB 970 E. Basse Rd. San Antonio, TX 78209 Full Service B&M $68,266

    For 2021, Pioneer Bank Ssb had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $53,607
    Net interest income $44,446
    Total noninterest income $4,707
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,107
    Trading account gains and fees $0
    Additional Noninterest Income $3,600
    Pre-tax net operating income $16,038
    Securities gains (or losses, -) $43
    Income before extraordinary items $12,720
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,720
    Minority interest net income $0
    Net income $12,720
    Sale, conversion, retirement of capital stock, net $788
    Net operating income $12,686

    Pioneer Bank Ssb's gross interest income from loans was $53,607,000.
    Pioneer Bank Ssb's net interest income from loans was $44,446,000.
    Pioneer Bank Ssb's fee based income from loans was $1,107,000.
    Pioneer Bank Ssb's net income from loans was $12,720,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,161
    Provision for credit losses $-2,650
    Total noninterest expense $35,765
    Salaries and employee benefits $21,307
    Premises and equipment expense $4,189
    Additional noninterest expense $10,269
    Applicable income taxes $3,361
    Net charge-offs $-151
    Cash dividends $0

    Pioneer Bank Ssb's interest expense for loans was $9,161,000.
    Pioneer Bank Ssb's payroll and benefits expense were $21,307,000.
    Pioneer Bank Ssb's property, plant and equipment expenses $4,189,000.

    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 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 $1,236,575
    Deposits held in domestic offices $1,236,575
    Deposits by Individuals, partnerships, and corporations $1,186,615
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $42,920
    Deposits by Commercial banks and other depository institutions in U.S. $7,041
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $9,603
    Demand deposits $9,455
    Nontransaction accounts $1,226,973
    Money market deposit accounts (MMDAs) $842,000
    Other savings deposits (excluding MMDAs) $41,435
    Total time deposits $343,537
    Total time and savings deposits $1,227,121
    Noninterest-bearing deposits $334,975
    Interest-bearing deposits $901,600
    Retail deposits $1,126,716
    IRAs and Keogh plan accounts $25,528
    Brokered deposits $49,034
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,579,329
    Cash & Balances due from depository institutions $423,379
    Interest-bearing balances $416,153
    Total securities $180,708
    Federal funds sold & reverse repurchase $0
    Net loans and leases $874,910
    Loan and leases loss allowance $7,799
    Trading account assets $0
    Bank premises and fixed assets $39,215
    Other real estate owned $81
    Goodwill and other intangibles $3,271
    All other assets $57,765

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,579,329
    Total Liabilities $1,403,160
    Total deposits $1,236,575
    Interest-bearing deposits $901,600
    Deposits held in domestic offices $1,236,575
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $160,000
    Subordinated debt $0
    All other liabilities $6,585

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $874,910
    Loan and leases loss allowance $7,799
    Total loans and leases (domestic) $882,709
    All real estate loans $740,148
    Real estate loans in domestic offices $740,148
    Construction and development loans $129,791
    Residential 1-4 family construction $35,199
    Other construction, all land development and other land $94,592
    Loans secured by nonfarm nonresidential properties $453,165
    Nonfarm nonresidential secured by owner-occupied properties $184,587
    Commercial real estate & other non-farm, non-residential $268,578
    Multifamily residential real estate $13,175
    1-4 family residential loans $139,395
    Farmland loans $4,622
    Loans held in foreign offices $0
    Farm loans $2,627
    Commercial and industrial loans $107,821
    To non-U.S. addressees $0
    Loans to individuals $34,743
    Credit card loans $0
    Related Plans $747
    Consumer Auto Loans $121
    Other loans to individuals $33,875
    All other loans & leases $990
    Loans to foreign governments and official institutions $0
    Other loans $957
    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 $377
    Non 1-4 family restructured loans & leases $27
    Total loans and leases (foreign) $0

    Pioneer Bank SSB had $874,910,000 of loans outstanding in 2021. $740,148,000 of loans were in real estate loans. $129,791,000 of loans were in development loans. $13,175,000 of loans were in multifamily mortgage loans. $139,395,000 of loans were in 1-4 family mortgage loans. $2,627,000 of loans were in farm loans. $0 of loans were in credit card loans. $121,000 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 205 $67,839 $330,922
    Nonfarm, nonresidential loans - <$100k 12 $293 $24,417
    Nonfarm, nonresidential loans - $100-250k 46 $4,918 $106,913
    Nonfarm, nonresidential loans - $250k-1MM 147 $62,628 $426,041
    Commercial & Industrial, US addressed loans - <$1MM 511 $46,374 $90,751
    Commercial & Industrial, US addressed loans - <$100k 279 $8,736 $31,312
    Commercial & Industrial, US addressed loans - $100-250k 138 $15,030 $108,913
    Commercial & Industrial, US addressed loans - $250k-1MM 94 $22,608 $240,511
    Farmland loans - <$1MM 19 $1,406 $74,000
    Farmland loans - <$100k 10 $312 $31,200
    Farmland loans - $100-250k 6 $733 $122,167
    Farmland loans - $250k-1MM 3 $361 $120,333
    Agriculture operations loans - <$1MM 49 $2,627 $53,612
    Agriculture operations loans - <$100k 36 $565 $15,694
    Agriculture operations loans - $100-250k 11 $1,500 $136,364
    Agriculture operations loans - $250k-1MM 2 $562 $281,000