Southstar Bank S.s.b. Mortgage Rates, Fees & Info
Moulton, TXLEI: 549300C1YZ5ZORJBI935
Tax ID: 74-0619460
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Southstar Bank S.s.b. is a smaller bank specializing in Home Purchase and Refi loans. Southstar Bank S.s.b. has a high proportion of conventional loans. Their top markets by origination volume include: Austin, College Station, Killeen, Houston, and San Antonio among others. We have data for 26 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.
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
351Origination Dollar Volume (All Markets)
$136,915,000Employee count
160Top 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) | 182 | $93,070,000 | $511,374 | $0 | 0.00% |
| Outside of Metro Areas | 22 | $8,360,000 | $380,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 36 | $7,740,000 | $215,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 44 | $7,160,000 | $162,727 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 18 | $6,780,000 | $376,667 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 14 | $3,760,000 | $268,571 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $3,180,000 | $318,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Brenham, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Heber, UT (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 351 | $136,915,000 | $390,071 | $0 | 0.00% |
For 2020, Southstar Bank S.s.b.'s most frequently originated type of loan was Conventional, with 351 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 209 | $96,305,000 | $460,789 | $0 | 0.00% |
| Refi | 102 | $32,790,000 | $321,471 | $0 | 0.00% |
| Cash Out Refi | 40 | $7,820,000 | $195,500 | $0 | 0.00% |
For 2020, Southstar Bank S.s.b.'s most frequently cited loan purpose was Home Purchase, with 209 originations. The 2nd most popular reason was Refi, with 102 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 351 | $136,915,000 | $390,071 | $0 | 0.00% |
For 2020, Southstar Bank S.s.b.'s most frequently cited loan duration was Other, with 351 originations.
Loan Sizing
2020 saw Southstar Bank S.s.b. place emphasis on $200k-400k loans with 111 originations, totaling $31,945,000 in origination value.
Applicant Income
Southstar Bank S.s.b. lent most frequently to those with incomes in the $150k-250k range, with 90 originations. The second most popular income band? $250k+, with 81 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 351 | $136,915,000 | $390,071 | $0 | 0.00% |
Southstar Bank S.s.b. lent most frequently to those with DTI ratios of Exempt%, with 351 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.77%
Southstar Bank S.s.b. has an average approval rate.
Pick Rate
Approvals leading to origination70.37%
Southstar Bank S.s.b. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 351 | $136,915,000 | $390,071 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SOUTHSTATE CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 14.3% |
| SOUTHSTATE CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
| SOUTHSTATE CORPORATION | Conventional home mortgage | Trouble during payment process | 5 | 71.4% |
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 | $18,509 |
| Southstar Bank, S.S.B. | 100 South Main Street Moulton, TX 77975 | Full Service B&M | $136,874 |
| Southstar Bank, S.S.B. | 10737 E Crystal Falls Pkwy Leander, TX 78641 | Full Service B&M | $16,342 |
| Southstar Bank, S.S.B. | 109 Commerce Street Bremond, TX 76629 | Full Service B&M | $60,989 |
| Southstar Bank, S.S.B. | 10901 West Highway 290 Austin, TX 78736 | Full Service B&M | $32,956 |
| Southstar Bank, S.S.B. | 1308 South Market Street Hearne, TX 77859 | Full Service B&M | $65,088 |
| Southstar Bank, S.S.B. | 1609 N Sarah Dewitt Drive Gonzales, TX 78629 | Full Service B&M | $57,359 |
| Southstar Bank, S.S.B. | 203 North Ave E Shiner, TX 77984 | Full Service B&M | $68,614 |
| Southstar Bank, S.S.B. | 301 South Brooks Street Brazoria, TX 77422 | Full Service B&M | $56,273 |
| Southstar Bank, S.S.B. | 3025 Fm 1431 Round Rock, TX 78681 | Full Service B&M | $13,521 |
| Southstar Bank, S.S.B. | 3490 Ranch Road 620 South Bee Cave, TX 78738 | Full Service B&M | $13,768 |
| Southstar Bank, S.S.B. | 4535 Williams Drive Georgetown, TX 78633 | Full Service B&M | $29,780 |
| Southstar Bank, S.S.B. | 5925 Steiner Ranch Blvd Austin, TX 78732 | Full Service B&M | $55,084 |
| Southstar Bank, S.S.B. | 702 W Us Highway 79 Franklin, TX 77856 | Full Service B&M | $74,947 |
| Southstar Bank, S.S.B. | 905 E Fm 2410 Harker Heights, TX 76548 | Full Service B&M | $10,320 |
For 2020, Southstar Bank S.s.b. had 15 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $47,282 |
| Net interest income | $41,242 |
| Total noninterest income | $5,673 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $802 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,871 |
| Pre-tax net operating income | $15,540 |
| Securities gains (or losses, -) | $945 |
| Income before extraordinary items | $13,185 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $13,185 |
| Minority interest net income | $0 |
| Net income | $13,185 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $12,429 |
Southstar Bank S.s.b.'s gross interest income from loans was $47,282,000.
Southstar Bank S.s.b.'s net interest income from loans was $41,242,000.
Southstar Bank S.s.b.'s fee based income from loans was $802,000.
Southstar Bank S.s.b.'s net income from loans was $13,185,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $6,040 |
| Provision for credit losses | $2,555 |
| Total noninterest expense | $28,820 |
| Salaries and employee benefits | $16,776 |
| Premises and equipment expense | $3,993 |
| Additional noninterest expense | $8,051 |
| Applicable income taxes | $3,300 |
| Net charge-offs | $71 |
| Cash dividends | $1,200 |
Southstar Bank S.s.b.'s interest expense for loans was $6,040,000.
Southstar Bank S.s.b.'s payroll and benefits expense were $16,776,000.
Southstar Bank S.s.b.'s property, plant and equipment expenses $3,993,000.
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 | 1.0% |
| 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 | $802,403 |
| Deposits held in domestic offices | $802,403 |
| Deposits by Individuals, partnerships, and corporations | $646,691 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $149,912 |
| Deposits by Commercial banks and other depository institutions in U.S. | $5,801 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $297,238 |
| Demand deposits | $297,238 |
| Nontransaction accounts | $505,166 |
| Money market deposit accounts (MMDAs) | $182,598 |
| Other savings deposits (excluding MMDAs) | $54,237 |
| Total time deposits | $268,330 |
| Total time and savings deposits | $505,166 |
| Noninterest-bearing deposits | $207,274 |
| Interest-bearing deposits | $595,129 |
| Retail deposits | $675,612 |
| IRAs and Keogh plan accounts | $11,261 |
| Brokered deposits | $44,922 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,120,556 |
| Cash & Balances due from depository institutions | $39,561 |
| Interest-bearing balances | $23,231 |
| Total securities | $81,059 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $940,053 |
| Loan and leases loss allowance | $6,408 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $39,629 |
| Other real estate owned | $2,753 |
| Goodwill and other intangibles | $0 |
| All other assets | $17,501 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,120,556 |
| Total Liabilities | $1,014,032 |
| Total deposits | $802,403 |
| Interest-bearing deposits | $595,129 |
| Deposits held in domestic offices | $802,403 |
| % insured (estimated) | $71 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $210,287 |
| Subordinated debt | $0 |
| All other liabilities | $1,342 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $940,053 |
| Loan and leases loss allowance | $6,408 |
| Total loans and leases (domestic) | $946,461 |
| All real estate loans | $497,665 |
| Real estate loans in domestic offices | $497,665 |
| Construction and development loans | $105,805 |
| Residential 1-4 family construction | $51,928 |
| Other construction, all land development and other land | $53,877 |
| Loans secured by nonfarm nonresidential properties | $117,018 |
| Nonfarm nonresidential secured by owner-occupied properties | $60,037 |
| Commercial real estate & other non-farm, non-residential | $56,981 |
| Multifamily residential real estate | $3,125 |
| 1-4 family residential loans | $205,186 |
| Farmland loans | $66,531 |
| Loans held in foreign offices | $0 |
| Farm loans | $3,786 |
| Commercial and industrial loans | $38,837 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,876 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $542 |
| Other loans to individuals | $3,334 |
| All other loans & leases | $402,297 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $401,790 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $342 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,146 |
| Non 1-4 family restructured loans & leases | $1,146 |
| Total loans and leases (foreign) | $0 |
SouthStar Bank S.S.B. had $940,053,000 of loans outstanding in 2020. $497,665,000 of loans were in real estate loans. $105,805,000 of loans were in development loans. $3,125,000 of loans were in multifamily mortgage loans. $205,186,000 of loans were in 1-4 family mortgage loans. $3,786,000 of loans were in farm loans. $0 of loans were in credit card loans. $542,000 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 | 155 | $40,787 | $263,142 |
| Nonfarm, nonresidential loans - <$100k | 17 | $656 | $38,588 |
| Nonfarm, nonresidential loans - $100-250k | 58 | $7,235 | $124,741 |
| Nonfarm, nonresidential loans - $250k-1MM | 80 | $32,896 | $411,200 |
| Commercial & Industrial, US addressed loans - <$1MM | 597 | $32,593 | $54,595 |
| Commercial & Industrial, US addressed loans - <$100k | 489 | $11,508 | $23,534 |
| Commercial & Industrial, US addressed loans - $100-250k | 70 | $8,595 | $122,786 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 38 | $12,490 | $328,684 |
| Farmland loans - <$1MM | 118 | $15,301 | $129,669 |
| Farmland loans - <$100k | 42 | $1,895 | $45,119 |
| Farmland loans - $100-250k | 55 | $6,796 | $123,564 |
| Farmland loans - $250k-1MM | 21 | $6,610 | $314,762 |
| Agriculture operations loans - <$1MM | 166 | $3,786 | $22,807 |
| Agriculture operations loans - <$100k | 155 | $2,819 | $18,187 |
| Agriculture operations loans - $100-250k | 8 | $547 | $68,375 |
| Agriculture operations loans - $250k-1MM | 3 | $420 | $140,000 |