Trusttexas Bank Ssb Mortgage Rates, Fees & Info

Cuero, TX

LEI: 5493008EWJQJ6SK2V234

Tax ID: 74-0580531

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Mortgage Data

Bank Data

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, Rockport, and Port Lavaca among others. We have data for 10 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.

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Originations

83

Origination Dollar Volume (All Markets)

$23,645,000

Employee count

81

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) 29 $10,925,000 $376,724 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 21 $5,545,000 $264,048 $0 0.00%
Outside of Metro Areas 14 $2,720,000 $194,286 $0 0.00%
VICTORIA, TX (FHA|USDA|VA) 12 $2,320,000 $193,333 $0 0.00%
Rockport, TX (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
Port Lavaca, TX (FHA|USDA|VA) 2 $570,000 $285,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Beeville, TX (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Trusttexas Bank Ssb's top markets include Austin, San Antonio, Victoria, Rockport, and Port Lavaca among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 83 $23,645,000 $284,880 $0 0.00%

    For 2019, Trusttexas Bank Ssb's most frequently originated type of loan was Conventional, with 83 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 63 $18,205,000 $288,968 $0 0.00%
    Refi 15 $4,655,000 $310,333 $0 0.00%
    Other 4 $740,000 $185,000 $0 0.00%
    Home Improvement 1 $45,000 $45,000 $0 0.00%

    For 2019, Trusttexas Bank Ssb's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 83 $23,645,000 $284,880 $0 0.00%

    For 2019, Trusttexas Bank Ssb's most frequently cited loan duration was Other, with 83 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 27 $4,125,000 $152,778 $0 0.00%
    $200k-400k 27 $8,035,000 $297,593 $0 0.00%
    $100,000 or less 14 $840,000 $60,000 $0 0.00%
    $400k-600k 10 $4,580,000 $458,000 $0 0.00%
    $600k-1MM 3 $2,355,000 $785,000 $0 0.00%
    $1MM+ 2 $3,710,000 $1,855,000 $0 0.00%

    2019 saw Trusttexas Bank Ssb place emphasis on $100k-200k loans with 27 originations, totaling $4,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 27 $7,655,000 $283,519 $0 0.00%
    $100k-150k 17 $3,885,000 $228,529 $0 0.00%
    $75k-100k 11 $2,305,000 $209,545 $0 0.00%
    $250k+ 10 $7,320,000 $732,000 $0 0.00%
    $50k-75k 9 $1,035,000 $115,000 $0 0.00%
    $50k or less 3 $265,000 $88,333 $0 0.00%

    Trusttexas Bank Ssb lent most frequently to those with incomes in the $150k-250k range, with 27 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 83 $23,645,000 $284,880 $0 0.00%

    Trusttexas Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 83 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 74 $21,680,000 $292,973 $0 0.00%
    Not applicable 5 $875,000 $175,000 $0 0.00%
    Asian Indian 1 $375,000 $375,000 $0 0.00%
    Asian 1 $305,000 $305,000 $0 0.00%
    Other Asian 1 $275,000 $275,000 $0 0.00%
    American Indian 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.44%

    Trusttexas Bank Ssb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.47%

    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 83 $23,645,000 $284,880

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 83 $23,645,000 $284,880

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TRUSTMARK CORPORATION Conventional home mortgage Trouble during payment process 5 45.5%
    TRUSTMARK CORPORATION FHA mortgage Struggling to pay mortgage 1 9.1%
    TRUSTMARK CORPORATION FHA mortgage Trouble during payment process 1 9.1%
    TRUSTMARK CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 1 9.1%
    TRUSTMARK CORPORATION Other type of mortgage Closing on a mortgage 1 9.1%
    TRUSTMARK CORPORATION Other type of mortgage Trouble during payment process 2 18.2%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    TrustTexas Bank, SSB 121 East Courthouse Cuero, TX 77954 Full Service B&M $132,922
    TrustTexas Bank, SSB 2085 Central Plaza New Braunfels, TX 78130 Full Service B&M $9,568
    TrustTexas Bank, SSB 2109 North Laurent Victoria, TX 77901 Full Service B&M $30,852
    TrustTexas Bank, SSB 225 E Main St Yorktown, TX 78164 Full Service B&M $54,571
    TrustTexas Bank, SSB 2701 Sam Houston Victoria, TX 77904 Full Service B&M $50,530
    TrustTexas Bank, SSB 4625 Ratcliffe Drive Kyle, TX 78640 Full Service B&M $13,563

    For 2019, Trusttexas Bank Ssb had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,621
    Net interest income $10,473
    Total noninterest income $1,266
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $564
    Trading account gains and fees $0
    Additional Noninterest Income $702
    Pre-tax net operating income $1,189
    Securities gains (or losses, -) $243
    Income before extraordinary items $2,326
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,326
    Minority interest net income $0
    Net income $2,326
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,083

    Trusttexas Bank Ssb's gross interest income from loans was $12,621,000.
    Trusttexas Bank Ssb's net interest income from loans was $10,473,000.
    Trusttexas Bank Ssb's fee based income from loans was $564,000.
    Trusttexas Bank Ssb's net income from loans was $2,326,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,148
    Provision for credit losses $-267
    Total noninterest expense $10,817
    Salaries and employee benefits $6,270
    Premises and equipment expense $1,239
    Additional noninterest expense $3,308
    Applicable income taxes $-894
    Net charge-offs $227
    Cash dividends $25

    Trusttexas Bank Ssb's interest expense for loans was $2,148,000.
    Trusttexas Bank Ssb's payroll and benefits expense were $6,270,000.
    Trusttexas Bank Ssb's property, plant and equipment expenses $1,239,000.

    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 $300,147
    Deposits held in domestic offices $300,147
    Deposits by Individuals, partnerships, and corporations $289,218
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,929
    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 $119,844
    Demand deposits $36,140
    Nontransaction accounts $180,303
    Money market deposit accounts (MMDAs) $63,853
    Other savings deposits (excluding MMDAs) $49,793
    Total time deposits $66,657
    Total time and savings deposits $264,007
    Noninterest-bearing deposits $36,140
    Interest-bearing deposits $264,007
    Retail deposits $285,434
    IRAs and Keogh plan accounts $10,669
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $346,448
    Cash & Balances due from depository institutions $25,760
    Interest-bearing balances $21,755
    Total securities $118,314
    Federal funds sold & reverse repurchase $0
    Net loans and leases $180,528
    Loan and leases loss allowance $1,185
    Trading account assets $0
    Bank premises and fixed assets $7,216
    Other real estate owned $892
    Goodwill and other intangibles $0
    All other assets $13,738

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $346,448
    Total Liabilities $303,165
    Total deposits $300,147
    Interest-bearing deposits $264,007
    Deposits held in domestic offices $300,147
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,018

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $180,528
    Loan and leases loss allowance $1,185
    Total loans and leases (domestic) $181,713
    All real estate loans $151,538
    Real estate loans in domestic offices $151,538
    Construction and development loans $6,436
    Residential 1-4 family construction $3,854
    Other construction, all land development and other land $2,582
    Loans secured by nonfarm nonresidential properties $34,165
    Nonfarm nonresidential secured by owner-occupied properties $28,732
    Commercial real estate & other non-farm, non-residential $5,433
    Multifamily residential real estate $71
    1-4 family residential loans $92,898
    Farmland loans $17,968
    Loans held in foreign offices $0
    Farm loans $11,057
    Commercial and industrial loans $15,497
    To non-U.S. addressees $0
    Loans to individuals $3,504
    Credit card loans $0
    Related Plans $179
    Consumer Auto Loans $504
    Other loans to individuals $2,821
    All other loans & leases $117
    Loans to foreign governments and official institutions $0
    Other loans $117
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $722
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    TrustTexas Bank SSB had $180,528,000 of loans outstanding in 2019. $151,538,000 of loans were in real estate loans. $6,436,000 of loans were in development loans. $71,000 of loans were in multifamily mortgage loans. $92,898,000 of loans were in 1-4 family mortgage loans. $11,057,000 of loans were in farm loans. $0 of loans were in credit card loans. $504,000 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 49 $10,522 $214,735
    Nonfarm, nonresidential loans - <$100k 9 $485 $53,889
    Nonfarm, nonresidential loans - $100-250k 16 $1,876 $117,250
    Nonfarm, nonresidential loans - $250k-1MM 24 $8,161 $340,042
    Commercial & Industrial, US addressed loans - <$1MM 104 $7,121 $68,471
    Commercial & Industrial, US addressed loans - <$100k 75 $2,282 $30,427
    Commercial & Industrial, US addressed loans - $100-250k 15 $1,271 $84,733
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $3,568 $254,857
    Farmland loans - <$1MM 31 $5,049 $162,871
    Farmland loans - <$100k 10 $411 $41,100
    Farmland loans - $100-250k 10 $1,516 $151,600
    Farmland loans - $250k-1MM 11 $3,122 $283,818
    Agriculture operations loans - <$1MM 84 $3,916 $46,619
    Agriculture operations loans - <$100k 66 $1,546 $23,424
    Agriculture operations loans - $100-250k 11 $1,037 $94,273
    Agriculture operations loans - $250k-1MM 7 $1,333 $190,429