Trusttexas Bank Ssb Mortgage Rates, Fees & Info

Cuero, TX

LEI: 5493008EWJQJ6SK2V234

Tax ID: 74-0580531

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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 and Refi loans. Trusttexas Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Victoria, San Antonio, Rockport, and Port Lavaca among others. We have data for 7 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    104

    Origination Dollar Volume (All Markets)

    $36,020,000

    Employee count

    74

    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) 43 $20,405,000 $474,535 $0 0.00%
    VICTORIA, TX (FHA|USDA|VA) 22 $5,930,000 $269,545 $0 0.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 18 $4,640,000 $257,778 $0 0.00%
    Outside of Metro Areas 16 $2,680,000 $167,500 $0 0.00%
    Rockport, TX (FHA|USDA|VA) 2 $1,430,000 $715,000 $0 0.00%
    Port Lavaca, TX (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
    Trusttexas Bank Ssb's top markets include Austin, Victoria, San Antonio, 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 104 $36,020,000 $346,346 $0 0.00%

    For 2021, Trusttexas Bank Ssb's most frequently originated type of loan was Conventional, with 104 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 56 $18,530,000 $330,893 $0 0.00%
    Refi 35 $13,895,000 $397,000 $0 0.00%
    Home Improvement 8 $740,000 $92,500 $0 0.00%
    Other 5 $2,855,000 $571,000 $0 0.00%

    For 2021, Trusttexas Bank Ssb's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 104 $36,020,000 $346,346 $0 0.00%

    For 2021, Trusttexas Bank Ssb's most frequently cited loan duration was Other, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 43 $12,345,000 $287,093 $0 0.00%
    $100k-200k 22 $3,430,000 $155,909 $0 0.00%
    $100,000 or less 13 $815,000 $62,692 $0 0.00%
    $600k-1MM 11 $8,365,000 $760,455 $0 0.00%
    $400k-600k 10 $4,790,000 $479,000 $0 0.00%
    $1MM+ 5 $6,275,000 $1,255,000 $0 0.00%

    2021 saw Trusttexas Bank Ssb place emphasis on $200k-400k loans with 43 originations, totaling $12,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 30 $11,210,000 $373,667 $0 0.00%
    $250k+ 21 $12,465,000 $593,571 $0 0.00%
    $100k-150k 20 $5,060,000 $253,000 $0 0.00%
    $75k-100k 16 $3,700,000 $231,250 $0 0.00%
    $50k-75k 7 $1,145,000 $163,571 $0 0.00%
    $50k or less 5 $285,000 $57,000 $0 0.00%

    Trusttexas Bank Ssb lent most frequently to those with incomes in the $150k-250k range, with 30 originations. The second most popular income band? $250k+, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 104 $36,020,000 $346,346 $0 0.00%

    Trusttexas Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 87 $29,835,000 $342,931 $0 0.00%
    Not applicable 3 $1,705,000 $568,333 $0 0.00%
    Not provided 6 $1,260,000 $210,000 $0 0.00%
    Asian 2 $1,180,000 $590,000 $0 0.00%
    Black 2 $880,000 $440,000 $0 0.00%
    American Indian 2 $580,000 $290,000 $0 0.00%
    Filipino 1 $385,000 $385,000 $0 0.00%
    Asian Indian 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.86%

    Trusttexas Bank Ssb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.00%

    Trusttexas Bank Ssb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 104 $36,020,000 $346,346

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    104 $36,020,000 $346,346

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    TRUSTMARK CORPORATION Conventional home mortgage Struggling to pay mortgage 1 10.0%
    TRUSTMARK CORPORATION Conventional home mortgage Trouble during payment process 2 20.0%
    TRUSTMARK CORPORATION FHA mortgage Closing on a mortgage 1 10.0%
    TRUSTMARK CORPORATION FHA mortgage Trouble during payment process 2 20.0%
    TRUSTMARK CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 1 10.0%
    TRUSTMARK CORPORATION Other type of mortgage Trouble during payment process 1 10.0%
    TRUSTMARK CORPORATION VA mortgage Struggling to pay mortgage 1 10.0%
    TRUSTMARK CORPORATION VA mortgage Trouble during payment process 1 10.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Trusttexas Bank, SSB 121 East Courthouse Cuero, TX 77954 Full Service B&M $141,476
    Trusttexas Bank, SSB 2085 Central Plaza New Braunfels, TX 78130 Full Service B&M $15,113
    Trusttexas Bank, SSB 2109 North Laurent Victoria, TX 77901 Full Service B&M $33,227
    Trusttexas Bank, SSB 225 E Main St Yorktown, TX 78164 Full Service B&M $59,635
    Trusttexas Bank, SSB 2701 Sam Houston Victoria, TX 77904 Full Service B&M $54,868
    Trusttexas Bank, SSB 4625 Ratcliffe Drive Kyle, TX 78640 Full Service B&M $18,506

    For 2021, Trusttexas Bank Ssb had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,333
    Net interest income $9,966
    Total noninterest income $1,783
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $525
    Trading account gains and fees $0
    Additional Noninterest Income $1,258
    Pre-tax net operating income $1,141
    Securities gains (or losses, -) $575
    Income before extraordinary items $1,767
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,767
    Minority interest net income $0
    Net income $1,767
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,192

    Trusttexas Bank Ssb's gross interest income from loans was $11,333,000.
    Trusttexas Bank Ssb's net interest income from loans was $9,966,000.
    Trusttexas Bank Ssb's fee based income from loans was $525,000.
    Trusttexas Bank Ssb's net income from loans was $1,767,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,367
    Provision for credit losses $100
    Total noninterest expense $10,508
    Salaries and employee benefits $5,740
    Premises and equipment expense $1,283
    Additional noninterest expense $3,485
    Applicable income taxes $-51
    Net charge-offs $77
    Cash dividends $0

    Trusttexas Bank Ssb's interest expense for loans was $1,367,000.
    Trusttexas Bank Ssb's payroll and benefits expense were $5,740,000.
    Trusttexas Bank Ssb's property, plant and equipment expenses $1,283,000.

    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 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 2.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $352,598
    Deposits held in domestic offices $352,598
    Deposits by Individuals, partnerships, and corporations $340,491
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,107
    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 $145,712
    Demand deposits $53,443
    Nontransaction accounts $206,886
    Money market deposit accounts (MMDAs) $77,395
    Other savings deposits (excluding MMDAs) $56,099
    Total time deposits $73,392
    Total time and savings deposits $299,155
    Noninterest-bearing deposits $53,443
    Interest-bearing deposits $299,155
    Retail deposits $334,412
    IRAs and Keogh plan accounts $10,995
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $398,191
    Cash & Balances due from depository institutions $41,217
    Interest-bearing balances $36,443
    Total securities $169,812
    Federal funds sold & reverse repurchase $0
    Net loans and leases $164,919
    Loan and leases loss allowance $1,623
    Trading account assets $0
    Bank premises and fixed assets $7,616
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $14,627

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $398,191
    Total Liabilities $354,892
    Total deposits $352,598
    Interest-bearing deposits $299,155
    Deposits held in domestic offices $352,598
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,294

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $164,919
    Loan and leases loss allowance $1,623
    Total loans and leases (domestic) $166,542
    All real estate loans $137,943
    Real estate loans in domestic offices $137,943
    Construction and development loans $3,960
    Residential 1-4 family construction $3,766
    Other construction, all land development and other land $194
    Loans secured by nonfarm nonresidential properties $22,288
    Nonfarm nonresidential secured by owner-occupied properties $17,971
    Commercial real estate & other non-farm, non-residential $4,317
    Multifamily residential real estate $27
    1-4 family residential loans $101,761
    Farmland loans $9,907
    Loans held in foreign offices $0
    Farm loans $7,203
    Commercial and industrial loans $18,301
    To non-U.S. addressees $0
    Loans to individuals $2,906
    Credit card loans $0
    Related Plans $146
    Consumer Auto Loans $704
    Other loans to individuals $2,056
    All other loans & leases $189
    Loans to foreign governments and official institutions $0
    Other loans $189
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $959
    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 $164,919,000 of loans outstanding in 2021. $137,943,000 of loans were in real estate loans. $3,960,000 of loans were in development loans. $27,000 of loans were in multifamily mortgage loans. $101,761,000 of loans were in 1-4 family mortgage loans. $7,203,000 of loans were in farm loans. $0 of loans were in credit card loans. $704,000 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 43 $9,653 $224,488
    Nonfarm, nonresidential loans - <$100k 5 $209 $41,800
    Nonfarm, nonresidential loans - $100-250k 16 $2,034 $127,125
    Nonfarm, nonresidential loans - $250k-1MM 22 $7,410 $336,818
    Commercial & Industrial, US addressed loans - <$1MM 92 $7,053 $76,663
    Commercial & Industrial, US addressed loans - <$100k 65 $1,338 $20,585
    Commercial & Industrial, US addressed loans - $100-250k 16 $1,544 $96,500
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $4,171 $379,182
    Farmland loans - <$1MM 30 $4,269 $142,300
    Farmland loans - <$100k 10 $354 $35,400
    Farmland loans - $100-250k 12 $1,649 $137,417
    Farmland loans - $250k-1MM 8 $2,266 $283,250
    Agriculture operations loans - <$1MM 70 $2,981 $42,586
    Agriculture operations loans - <$100k 56 $1,155 $20,625
    Agriculture operations loans - $100-250k 6 $618 $103,000
    Agriculture operations loans - $250k-1MM 8 $1,208 $151,000