Trusttexas Bank Ssb Mortgage Rates, Fees & Info

Cuero, TX

LEI: 5493008EWJQJ6SK2V234

Tax ID: 74-0580531

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Trusttexas Bank Ssb is a smaller bank specializing in Home Purchase loans. Trusttexas Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: Austin, San Antonio, Victoria, College Station, and Rockport among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Trusttexas Bank Ssb has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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.

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    Originations

    120

    Origination Dollar Volume (All Markets)

    $25,680,000

    Employee count

    78

    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) 46 $12,090,000 $262,826 $0 0.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 24 $5,580,000 $232,500 $0 0.00%
    VICTORIA, TX (FHA|USDA|VA) 20 $3,470,000 $173,500 $0 0.00%
    Outside of Metro Areas 24 $3,370,000 $140,417 $0 0.00%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    Rockport, TX (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
    Port Lavaca, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Trusttexas Bank Ssb's top markets include Austin, San Antonio, Victoria, College Station, and Rockport among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 120 $25,680,000 $214,000 $0 0.00%

    For 2018, Trusttexas Bank Ssb's most frequently originated type of loan was Conventional, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 88 $20,680,000 $235,000 $0 0.00%
    Refi 19 $2,905,000 $152,895 $0 0.00%
    Home Improvement 8 $690,000 $86,250 $0 0.00%
    Other 5 $1,405,000 $281,000 $0 0.00%

    For 2018, Trusttexas Bank Ssb's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 120 $25,680,000 $214,000 $0 0.00%

    For 2018, Trusttexas Bank Ssb's most frequently cited loan duration was Other, with 120 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 46 $6,760,000 $146,957 $0 0.00%
    $200k-400k 38 $10,960,000 $288,421 $0 0.00%
    $100,000 or less 23 $1,395,000 $60,652 $0 0.00%
    $400k-600k 11 $5,005,000 $455,000 $0 0.00%
    $600k-1MM 2 $1,560,000 $780,000 $0 0.00%

    2018 saw Trusttexas Bank Ssb place emphasis on $100k-200k loans with 46 originations, totaling $6,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 40 $8,540,000 $213,500 $0 0.00%
    $150k-250k 22 $6,180,000 $280,909 $0 0.00%
    $250k+ 13 $4,035,000 $310,385 $0 0.00%
    $50k-75k 12 $1,560,000 $130,000 $0 0.00%
    $75k-100k 12 $2,290,000 $190,833 $0 0.00%
    $50k or less 10 $810,000 $81,000 $0 0.00%

    Trusttexas Bank Ssb lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $150k-250k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 120 $25,680,000 $214,000 $0 0.00%

    Trusttexas Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 120 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 107 $22,075,000 $206,308 $0 0.00%
    Not applicable 6 $1,720,000 $286,667 $0 0.00%
    Asian 6 $1,600,000 $266,667 $0 0.00%
    Filipino 1 $285,000 $285,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.21%

    Trusttexas Bank Ssb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    67.50%

    Trusttexas 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
    Exempt 120 $25,680,000 $214,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 120 $25,680,000 $214,000

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    TRUSTMARK CORPORATION Conventional home mortgage Struggling to pay mortgage 1 14.3%
    TRUSTMARK CORPORATION Conventional home mortgage Trouble during payment process 2 28.6%
    TRUSTMARK CORPORATION FHA mortgage Trouble during payment process 1 14.3%
    TRUSTMARK CORPORATION Other type of mortgage Struggling to pay mortgage 1 14.3%
    TRUSTMARK CORPORATION Other type of mortgage Trouble during payment process 2 28.6%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    TrustTexas Bank, SSB 121 East Courthouse Cuero, TX 77954 Full Service B&M $130,480
    TrustTexas Bank, SSB 2085 Central Plaza New Braunfels, TX 78130 Full Service B&M $6,593
    TrustTexas Bank, SSB 2109 North Laurent Victoria, TX 77901 Full Service B&M $29,480
    TrustTexas Bank, SSB 225 E Main St Yorktown, TX 78164 Full Service B&M $52,415
    TrustTexas Bank, SSB 2701 Sam Houston Victoria, TX 77904 Full Service B&M $47,882
    TrustTexas Bank, SSB 4625 Ratcliffe Drive Kyle, TX 78640 Full Service B&M $13,621

    For 2018, Trusttexas Bank Ssb had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,689
    Net interest income $10,251
    Total noninterest income $1,146
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $497
    Trading account gains and fees $0
    Additional Noninterest Income $649
    Pre-tax net operating income $1,379
    Securities gains (or losses, -) $214
    Income before extraordinary items $2,141
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,141
    Minority interest net income $0
    Net income $2,141
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,927

    Trusttexas Bank Ssb's gross interest income from loans was $11,689,000.
    Trusttexas Bank Ssb's net interest income from loans was $10,251,000.
    Trusttexas Bank Ssb's fee based income from loans was $497,000.
    Trusttexas Bank Ssb's net income from loans was $2,141,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,438
    Provision for credit losses $176
    Total noninterest expense $9,842
    Salaries and employee benefits $5,543
    Premises and equipment expense $1,211
    Additional noninterest expense $3,088
    Applicable income taxes $-548
    Net charge-offs $26
    Cash dividends $0

    Trusttexas Bank Ssb's interest expense for loans was $1,438,000.
    Trusttexas Bank Ssb's payroll and benefits expense were $5,543,000.
    Trusttexas Bank Ssb's property, plant and equipment expenses $1,211,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 8.0%
    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 $295,184
    Deposits held in domestic offices $295,184
    Deposits by Individuals, partnerships, and corporations $284,682
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,502
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $120,678
    Demand deposits $35,666
    Nontransaction accounts $174,506
    Money market deposit accounts (MMDAs) $61,326
    Other savings deposits (excluding MMDAs) $56,284
    Total time deposits $56,896
    Total time and savings deposits $259,518
    Noninterest-bearing deposits $35,666
    Interest-bearing deposits $259,518
    Retail deposits $286,367
    IRAs and Keogh plan accounts $9,246
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $333,918
    Cash & Balances due from depository institutions $36,398
    Interest-bearing balances $31,117
    Total securities $98,930
    Federal funds sold & reverse repurchase $0
    Net loans and leases $176,494
    Loan and leases loss allowance $1,680
    Trading account assets $0
    Bank premises and fixed assets $7,630
    Other real estate owned $24
    Goodwill and other intangibles $0
    All other assets $14,442

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $333,918
    Total Liabilities $297,465
    Total deposits $295,184
    Interest-bearing deposits $259,518
    Deposits held in domestic offices $295,184
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,281

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $176,494
    Loan and leases loss allowance $1,680
    Total loans and leases (domestic) $178,174
    All real estate loans $148,642
    Real estate loans in domestic offices $148,642
    Construction and development loans $5,733
    Residential 1-4 family construction $4,456
    Other construction, all land development and other land $1,277
    Loans secured by nonfarm nonresidential properties $42,746
    Nonfarm nonresidential secured by owner-occupied properties $35,702
    Commercial real estate & other non-farm, non-residential $7,044
    Multifamily residential real estate $90
    1-4 family residential loans $83,108
    Farmland loans $16,965
    Loans held in foreign offices $0
    Farm loans $10,245
    Commercial and industrial loans $14,980
    To non-U.S. addressees $0
    Loans to individuals $4,196
    Credit card loans $0
    Related Plans $170
    Consumer Auto Loans $568
    Other loans to individuals $3,458
    All other loans & leases $111
    Loans to foreign governments and official institutions $0
    Other loans $111
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $635
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $32
    Non 1-4 family restructured loans & leases $32
    Total loans and leases (foreign) $0

    TrustTexas Bank SSB had $176,494,000 of loans outstanding in 2018. $148,642,000 of loans were in real estate loans. $5,733,000 of loans were in development loans. $90,000 of loans were in multifamily mortgage loans. $83,108,000 of loans were in 1-4 family mortgage loans. $10,245,000 of loans were in farm loans. $0 of loans were in credit card loans. $568,000 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 56 $13,235 $236,339
    Nonfarm, nonresidential loans - <$100k 8 $449 $56,125
    Nonfarm, nonresidential loans - $100-250k 17 $1,986 $116,824
    Nonfarm, nonresidential loans - $250k-1MM 31 $10,800 $348,387
    Commercial & Industrial, US addressed loans - <$1MM 99 $6,943 $70,131
    Commercial & Industrial, US addressed loans - <$100k 71 $2,045 $28,803
    Commercial & Industrial, US addressed loans - $100-250k 14 $1,267 $90,500
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $3,631 $259,357
    Farmland loans - <$1MM 30 $4,872 $162,400
    Farmland loans - <$100k 12 $473 $39,417
    Farmland loans - $100-250k 8 $1,159 $144,875
    Farmland loans - $250k-1MM 10 $3,240 $324,000
    Agriculture operations loans - <$1MM 78 $4,961 $63,603
    Agriculture operations loans - <$100k 60 $1,487 $24,783
    Agriculture operations loans - $100-250k 9 $1,095 $121,667
    Agriculture operations loans - $250k-1MM 9 $2,379 $264,333