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 loans. Southstar Bank S.s.b. has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Houston, San Antonio, College Station, and Killeen among others. We have data for 17 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
294Origination Dollar Volume (All Markets)
$137,230,000Employee count
167Top 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) | 136 | $85,830,000 | $631,103 | $0 | 0.00% |
| Outside of Metro Areas | 37 | $12,215,000 | $330,135 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 13 | $9,125,000 | $701,923 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 13 | $7,445,000 | $572,692 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 29 | $7,345,000 | $253,276 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 33 | $5,335,000 | $161,667 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $2,775,000 | $308,333 | $0 | 0.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 7 | $2,365,000 | $337,857 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 5 | $1,475,000 | $295,000 | $0 | 0.00% |
| Kerrville, TX (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $0 | 0.00% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Uvalde, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 293 | $136,945,000 | $467,389 | $0 | 0.00% |
| VA | 1 | $285,000 | $285,000 | $0 | 0.00% |
For 2021, Southstar Bank S.s.b.'s most frequently originated type of loan was Conventional, with 293 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2021, Southstar Bank S.s.b.'s most frequently cited loan purpose was Home Purchase, with 213 originations. The 2nd most popular reason was Refi, with 56 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 294 | $137,230,000 | $466,769 | $0 | 0.00% |
For 2021, Southstar Bank S.s.b.'s most frequently cited loan duration was Other, with 294 originations.
Loan Sizing
2021 saw Southstar Bank S.s.b. place emphasis on $200k-400k loans with 94 originations, totaling $27,380,000 in origination value.
Applicant Income
Southstar Bank S.s.b. lent most frequently to those with incomes in the $250k+ range, with 67 originations. The second most popular income band? $150k-250k, with 61 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 294 | $137,230,000 | $466,769 | $0 | 0.00% |
Southstar Bank S.s.b. lent most frequently to those with DTI ratios of Exempt%, with 294 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.36%
Southstar Bank S.s.b. has an average approval rate.
Pick Rate
Approvals leading to origination69.05%
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 | 294 | $137,230,000 | $466,769 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SOUTHSTATE CORPORATION | Other type of mortgage | Trouble during payment process | 2 | 11.8% |
| SOUTHSTATE CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 17.6% |
| SOUTHSTATE CORPORATION | Conventional home mortgage | Closing on a mortgage | 3 | 17.6% |
| SOUTHSTATE CORPORATION | Conventional home mortgage | Incorrect information on your report | 1 | 5.9% |
| SOUTHSTATE CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 5.9% |
| SOUTHSTATE CORPORATION | Conventional home mortgage | Trouble during payment process | 4 | 23.5% |
| SOUTHSTATE CORPORATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 11.8% |
| SOUTHSTATE CORPORATION | Other type of mortgage | Closing on a mortgage | 1 | 5.9% |
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 | $20,354 |
| Southstar Bank, S.S.B. | 100 South Main Street Moulton, TX 77975 | Full Service B&M | $134,044 |
| Southstar Bank, S.S.B. | 10737 E Crystal Falls Pkwy Leander, TX 78641 | Full Service B&M | $26,036 |
| Southstar Bank, S.S.B. | 109 Commerce Street Bremond, TX 76629 | Full Service B&M | $70,457 |
| Southstar Bank, S.S.B. | 10901 West Highway 290 Austin, TX 78736 | Full Service B&M | $63,848 |
| Southstar Bank, S.S.B. | 1308 South Market Street Hearne, TX 77859 | Full Service B&M | $75,759 |
| Southstar Bank, S.S.B. | 1609 N Sarah Dewitt Drive Gonzales, TX 78629 | Full Service B&M | $68,690 |
| Southstar Bank, S.S.B. | 203 North Ave E Shiner, TX 77984 | Full Service B&M | $73,232 |
| Southstar Bank, S.S.B. | 301 South Brooks Street Brazoria, TX 77422 | Full Service B&M | $76,345 |
| Southstar Bank, S.S.B. | 3025 Fm 1431 Round Rock, TX 78681 | Full Service B&M | $23,270 |
| Southstar Bank, S.S.B. | 3490 Ranch Road 620 South Bee Cave, TX 78738 | Full Service B&M | $33,402 |
| Southstar Bank, S.S.B. | 4535 Williams Drive Georgetown, TX 78633 | Full Service B&M | $54,887 |
| Southstar Bank, S.S.B. | 5925 Steiner Ranch Blvd Austin, TX 78732 | Full Service B&M | $74,576 |
| Southstar Bank, S.S.B. | 702 W Us Highway 79 Franklin, TX 77856 | Full Service B&M | $80,151 |
| Southstar Bank, S.S.B. | 905 E Fm 2410 Harker Heights, TX 76548 | Full Service B&M | $15,004 |
For 2021, Southstar Bank S.s.b. had 15 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $49,169 |
| Net interest income | $44,714 |
| Total noninterest income | $5,909 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $778 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,131 |
| Pre-tax net operating income | $18,920 |
| Securities gains (or losses, -) | $22 |
| Income before extraordinary items | $15,225 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $15,225 |
| Minority interest net income | $0 |
| Net income | $15,225 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $15,207 |
Southstar Bank S.s.b.'s gross interest income from loans was $49,169,000.
Southstar Bank S.s.b.'s net interest income from loans was $44,714,000.
Southstar Bank S.s.b.'s fee based income from loans was $778,000.
Southstar Bank S.s.b.'s net income from loans was $15,225,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,455 |
| Provision for credit losses | $446 |
| Total noninterest expense | $31,257 |
| Salaries and employee benefits | $18,241 |
| Premises and equipment expense | $4,100 |
| Additional noninterest expense | $8,916 |
| Applicable income taxes | $3,717 |
| Net charge-offs | $466 |
| Cash dividends | $1,998 |
Southstar Bank S.s.b.'s interest expense for loans was $4,455,000.
Southstar Bank S.s.b.'s payroll and benefits expense were $18,241,000.
Southstar Bank S.s.b.'s property, plant and equipment expenses $4,100,000.
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 | $984,975 |
| Deposits held in domestic offices | $984,975 |
| Deposits by Individuals, partnerships, and corporations | $811,307 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $165,019 |
| Deposits by Commercial banks and other depository institutions in U.S. | $8,649 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $405,410 |
| Demand deposits | $405,410 |
| Nontransaction accounts | $579,565 |
| Money market deposit accounts (MMDAs) | $218,953 |
| Other savings deposits (excluding MMDAs) | $82,766 |
| Total time deposits | $277,846 |
| Total time and savings deposits | $579,565 |
| Noninterest-bearing deposits | $283,945 |
| Interest-bearing deposits | $701,030 |
| Retail deposits | $875,969 |
| IRAs and Keogh plan accounts | $12,959 |
| Brokered deposits | $8,152 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,160,385 |
| Cash & Balances due from depository institutions | $141,235 |
| Interest-bearing balances | $130,294 |
| Total securities | $119,391 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $843,504 |
| Loan and leases loss allowance | $6,388 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $42,491 |
| Other real estate owned | $2,015 |
| Goodwill and other intangibles | $1,653 |
| All other assets | $10,096 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,160,385 |
| Total Liabilities | $1,041,601 |
| Total deposits | $984,975 |
| Interest-bearing deposits | $701,030 |
| Deposits held in domestic offices | $984,975 |
| % insured (estimated) | $71 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $55,314 |
| Subordinated debt | $0 |
| All other liabilities | $1,312 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $843,504 |
| Loan and leases loss allowance | $6,388 |
| Total loans and leases (domestic) | $849,892 |
| All real estate loans | $609,410 |
| Real estate loans in domestic offices | $609,410 |
| Construction and development loans | $160,679 |
| Residential 1-4 family construction | $52,822 |
| Other construction, all land development and other land | $107,857 |
| Loans secured by nonfarm nonresidential properties | $129,699 |
| Nonfarm nonresidential secured by owner-occupied properties | $76,673 |
| Commercial real estate & other non-farm, non-residential | $53,026 |
| Multifamily residential real estate | $3,107 |
| 1-4 family residential loans | $202,840 |
| Farmland loans | $113,085 |
| Loans held in foreign offices | $0 |
| Farm loans | $3,045 |
| Commercial and industrial loans | $37,612 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,790 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $517 |
| Other loans to individuals | $3,273 |
| All other loans & leases | $196,036 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $195,678 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $5,513 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,126 |
| Non 1-4 family restructured loans & leases | $1,126 |
| Total loans and leases (foreign) | $0 |
SouthStar Bank S.S.B. had $843,504,000 of loans outstanding in 2021. $609,410,000 of loans were in real estate loans. $160,679,000 of loans were in development loans. $3,107,000 of loans were in multifamily mortgage loans. $202,840,000 of loans were in 1-4 family mortgage loans. $3,045,000 of loans were in farm loans. $0 of loans were in credit card loans. $517,000 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 | 159 | $47,267 | $297,277 |
| Nonfarm, nonresidential loans - <$100k | 14 | $495 | $35,357 |
| Nonfarm, nonresidential loans - $100-250k | 52 | $6,832 | $131,385 |
| Nonfarm, nonresidential loans - $250k-1MM | 93 | $39,940 | $429,462 |
| Commercial & Industrial, US addressed loans - <$1MM | 214 | $17,226 | $80,495 |
| Commercial & Industrial, US addressed loans - <$100k | 151 | $3,813 | $25,252 |
| Commercial & Industrial, US addressed loans - $100-250k | 39 | $4,871 | $124,897 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 24 | $8,542 | $355,917 |
| Farmland loans - <$1MM | 126 | $19,012 | $150,889 |
| Farmland loans - <$100k | 38 | $2,045 | $53,816 |
| Farmland loans - $100-250k | 61 | $8,259 | $135,393 |
| Farmland loans - $250k-1MM | 27 | $8,708 | $322,519 |
| Agriculture operations loans - <$1MM | 133 | $3,045 | $22,895 |
| Agriculture operations loans - <$100k | 124 | $2,275 | $18,347 |
| Agriculture operations loans - $100-250k | 9 | $770 | $85,556 |