Southstar Bank S.s.b. Mortgage Rates, Fees & Info
Moulton, TXLEI: 549300C1YZ5ZORJBI935
Tax ID: 74-0619460
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Mortgage Data
Bank Data
Review & Overview
Southstar Bank S.s.b. is a smaller bank specializing in Home Purchase loans. Southstar Bank S.s.b. has a high proportion of conventional loans. Their top markets by origination volume include: Austin, San Antonio, College Station, Dallas, and Killeen among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Southstar Bank S.s.b. 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
215Origination Dollar Volume (All Markets)
$91,095,000Employee count
162Top 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) | 138 | $70,360,000 | $509,855 | $0 | 0.00% |
| Outside of Metro Areas | 23 | $4,945,000 | $215,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 10 | $4,670,000 | $467,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 16 | $3,010,000 | $188,125 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $2,535,000 | $845,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 12 | $1,910,000 | $159,167 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,240,000 | $206,667 | $0 | 0.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 215 | $91,095,000 | $423,698 | $0 | 0.00% |
For 2018, Southstar Bank S.s.b.'s most frequently originated type of loan was Conventional, with 215 originations.
Loan Reason
For 2018, Southstar Bank S.s.b.'s most frequently cited loan purpose was Home Purchase, with 169 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 215 | $91,095,000 | $423,698 | $0 | 0.00% |
For 2018, Southstar Bank S.s.b.'s most frequently cited loan duration was Other, with 215 originations.
Loan Sizing
2018 saw Southstar Bank S.s.b. place emphasis on $200k-400k loans with 63 originations, totaling $17,855,000 in origination value.
Applicant Income
Southstar Bank S.s.b. lent most frequently to those with incomes in the $250k+ range, with 68 originations. The second most popular income band? $150k-250k, with 46 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 215 | $91,095,000 | $423,698 | $0 | 0.00% |
Southstar Bank S.s.b. lent most frequently to those with DTI ratios of Exempt%, with 215 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.05%
Southstar Bank S.s.b. has an average approval rate.
Pick Rate
Approvals leading to origination38.60%
Southstar Bank S.s.b. 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 | 215 | $91,095,000 | $423,698 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SOUTHSTATE BANK, N.A. - 520 GERVAIS STREET BRANCH | Conventional home mortgage | Struggling to pay mortgage | 1 | 12.5% |
| SOUTHSTATE BANK, N.A. - 520 GERVAIS STREET BRANCH | Conventional home mortgage | Trouble during payment process | 3 | 37.5% |
| SOUTHSTATE BANK, N.A. - 520 GERVAIS STREET BRANCH | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 12.5% |
| SOUTHSTATE BANK, N.A. - 520 GERVAIS STREET BRANCH | Other type of mortgage | Closing on a mortgage | 1 | 12.5% |
| SOUTHSTATE BANK, N.A. - 520 GERVAIS STREET BRANCH | Other type of mortgage | Trouble during payment process | 1 | 12.5% |
| SOUTHSTATE BANK, N.A. - 520 GERVAIS STREET BRANCH | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| SouthStar Bank, S.S.B. | 100 S Main Street Calvert, TX 77837 | Full Service B&M | $20,412 |
| SouthStar Bank, S.S.B. | 100 South Main Street Moulton, TX 77975 | Full Service B&M | $83,299 |
| SouthStar Bank, S.S.B. | 10737 E Crystal Falls Pkwy Leander, TX 78641 | Full Service B&M | $9,551 |
| SouthStar Bank, S.S.B. | 109 Commerce Street Bremond, TX 76629 | Full Service B&M | $62,699 |
| SouthStar Bank, S.S.B. | 10901 West Highway 290 Austin, TX 78736 | Full Service B&M | $28,374 |
| SouthStar Bank, S.S.B. | 1308 South Market Street Hearne, TX 77859 | Full Service B&M | $46,428 |
| SouthStar Bank, S.S.B. | 1609 Sarah Dewitt Drive Gonzales, TX 78629 | Full Service B&M | $52,174 |
| SouthStar Bank, S.S.B. | 203 North Ave E Shiner, TX 77984 | Full Service B&M | $58,473 |
| SouthStar Bank, S.S.B. | 301 South Brooks Street Brazoria, TX 77422 | Full Service B&M | $51,043 |
| SouthStar Bank, S.S.B. | 3025 Fm 1431 Round Rock, TX 78681 | Full Service B&M | $11,775 |
| SouthStar Bank, S.S.B. | 3490 Ranch Road 620 South Bee Cave, TX 78738 | Full Service B&M | $12,940 |
| SouthStar Bank, S.S.B. | 5925 Steiner Ranch Blvd Austin, TX 78732 | Full Service B&M | $16,296 |
| SouthStar Bank, S.S.B. | 702 W Us Highway 79 Franklin, TX 77856 | Full Service B&M | $56,977 |
| SouthStar Bank, S.S.B. | 905 E Fm 2410 Harker Heights, TX 76548 | Full Service B&M | $6,538 |
For 2018, Southstar Bank S.s.b. had 14 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $36,450 |
| Net interest income | $31,201 |
| Total noninterest income | $3,376 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $846 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,530 |
| Pre-tax net operating income | $8,422 |
| Securities gains (or losses, -) | $-8 |
| Income before extraordinary items | $6,816 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $6,816 |
| Minority interest net income | $0 |
| Net income | $6,816 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $6,822 |
Southstar Bank S.s.b.'s gross interest income from loans was $36,450,000.
Southstar Bank S.s.b.'s net interest income from loans was $31,201,000.
Southstar Bank S.s.b.'s fee based income from loans was $846,000.
Southstar Bank S.s.b.'s net income from loans was $6,816,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $5,249 |
| Provision for credit losses | $200 |
| Total noninterest expense | $25,955 |
| Salaries and employee benefits | $14,428 |
| Premises and equipment expense | $3,950 |
| Additional noninterest expense | $7,577 |
| Applicable income taxes | $1,598 |
| Net charge-offs | $454 |
| Cash dividends | $1,599 |
Southstar Bank S.s.b.'s interest expense for loans was $5,249,000.
Southstar Bank S.s.b.'s payroll and benefits expense were $14,428,000.
Southstar Bank S.s.b.'s property, plant and equipment expenses $3,950,000.
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 | 2.0% |
| 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 | $531,582 |
| Deposits held in domestic offices | $531,582 |
| Deposits by Individuals, partnerships, and corporations | $444,596 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $86,986 |
| 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 | $228,204 |
| Demand deposits | $215,783 |
| Nontransaction accounts | $303,378 |
| Money market deposit accounts (MMDAs) | $120,784 |
| Other savings deposits (excluding MMDAs) | $43,828 |
| Total time deposits | $138,767 |
| Total time and savings deposits | $315,799 |
| Noninterest-bearing deposits | $144,762 |
| Interest-bearing deposits | $386,820 |
| Retail deposits | $476,992 |
| IRAs and Keogh plan accounts | $8,746 |
| Brokered deposits | $10,020 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $677,479 |
| Cash & Balances due from depository institutions | $39,062 |
| Interest-bearing balances | $28,485 |
| Total securities | $89,632 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $491,592 |
| Loan and leases loss allowance | $3,252 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $43,042 |
| Other real estate owned | $794 |
| Goodwill and other intangibles | $0 |
| All other assets | $13,357 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $677,479 |
| Total Liabilities | $593,172 |
| Total deposits | $531,582 |
| Interest-bearing deposits | $386,820 |
| Deposits held in domestic offices | $531,582 |
| % insured (estimated) | $73 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $60,878 |
| Subordinated debt | $0 |
| All other liabilities | $712 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $491,592 |
| Loan and leases loss allowance | $3,252 |
| Total loans and leases (domestic) | $494,844 |
| All real estate loans | $409,906 |
| Real estate loans in domestic offices | $409,906 |
| Construction and development loans | $115,218 |
| Residential 1-4 family construction | $52,322 |
| Other construction, all land development and other land | $62,896 |
| Loans secured by nonfarm nonresidential properties | $86,974 |
| Nonfarm nonresidential secured by owner-occupied properties | $41,714 |
| Commercial real estate & other non-farm, non-residential | $45,260 |
| Multifamily residential real estate | $3,626 |
| 1-4 family residential loans | $164,683 |
| Farmland loans | $39,405 |
| Loans held in foreign offices | $0 |
| Farm loans | $5,497 |
| Commercial and industrial loans | $18,163 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $4,130 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $708 |
| Other loans to individuals | $3,422 |
| All other loans & leases | $57,148 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $56,559 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $1,269 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $38 |
| Non 1-4 family restructured loans & leases | $38 |
| Total loans and leases (foreign) | $0 |
SouthStar Bank S.S.B. had $491,592,000 of loans outstanding in 2018. $409,906,000 of loans were in real estate loans. $115,218,000 of loans were in development loans. $3,626,000 of loans were in multifamily mortgage loans. $164,683,000 of loans were in 1-4 family mortgage loans. $5,497,000 of loans were in farm loans. $0 of loans were in credit card loans. $708,000 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 | 152 | $38,043 | $250,283 |
| Nonfarm, nonresidential loans - <$100k | 28 | $789 | $28,179 |
| Nonfarm, nonresidential loans - $100-250k | 56 | $7,257 | $129,589 |
| Nonfarm, nonresidential loans - $250k-1MM | 68 | $29,997 | $441,132 |
| Commercial & Industrial, US addressed loans - <$1MM | 205 | $14,377 | $70,132 |
| Commercial & Industrial, US addressed loans - <$100k | 150 | $3,361 | $22,407 |
| Commercial & Industrial, US addressed loans - $100-250k | 30 | $3,284 | $109,467 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 25 | $7,732 | $309,280 |
| Farmland loans - <$1MM | 89 | $9,341 | $104,955 |
| Farmland loans - <$100k | 37 | $1,485 | $40,135 |
| Farmland loans - $100-250k | 44 | $5,439 | $123,614 |
| Farmland loans - $250k-1MM | 8 | $2,417 | $302,125 |
| Agriculture operations loans - <$1MM | 216 | $5,100 | $23,611 |
| Agriculture operations loans - <$100k | 201 | $3,361 | $16,721 |
| Agriculture operations loans - $100-250k | 14 | $1,396 | $99,714 |
| Agriculture operations loans - $250k-1MM | 1 | $343 | $343,000 |