Austin Capital Bank Ssb Mortgage Rates, Fees & Info
Austin, TXLEI: 549300DRKDRXN7POBN12
Tax ID: 20-2602253
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Bank Data
Review & Overview
Austin Capital Bank Ssb is a smaller bank specializing in Home Purchase loans. Austin Capital Bank Ssb has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Austin, Memphis, San Antonio, Colorado Springs, and Tampa among others. We have data for 47 markets. (Some data included below & more in-depth data is available with an active subscription.)Austin Capital 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. Austin Capital Bank Ssb is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.99% | 11/23/24 |
| 30 Year Conventional Refi | 6.88% | 11/23/24 |
| 30 Year Cash-out Refi | 7.18% | 11/23/24 |
| 30 Year FHA Purchase | 7.78% | 11/23/24 |
| 30 Year FHA Refi | 7.40% | 11/23/24 |
| 30 Year VA Purchase | 6.43% | 11/23/24 |
| 30 Year VA Refi | 6.27% | 11/23/24 |
| 30 Year USDA Purchase | 7.14% | 11/23/24 |
| 15 Year Conventional Purchase | 6.50% | 11/23/24 |
| 15 Year Conventional Refi | 6.37% | 11/23/24 |
| 15 Year Cash-out Refi | 6.37% | 11/23/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Austin Capital Bank Ssb Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
433Origination Dollar Volume (All Markets)
$101,205,000Employee count
97Top 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) | 134 | $35,440,000 | $264,478 | $6,074 | 4.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 86 | $18,790,000 | $218,488 | $6,261 | 5.04% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 38 | $8,910,000 | $234,474 | $7,465 | 4.99% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 17 | $4,025,000 | $236,765 | $6,275 | 5.01% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 16 | $3,740,000 | $233,750 | $6,915 | 5.09% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 18 | $3,480,000 | $193,333 | $7,086 | 5.20% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 20 | $2,850,000 | $142,500 | $5,569 | 5.23% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 7 | $2,655,000 | $379,286 | $7,852 | 4.66% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 8 | $2,410,000 | $301,250 | $7,915 | 4.89% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 14 | $1,990,000 | $142,143 | $5,681 | 5.03% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $1,970,000 | $492,500 | $10,557 | 4.56% |
| Outside of Metro Areas | 14 | $1,920,000 | $137,143 | $5,541 | 5.07% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $6,001 | 4.75% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $11,871 | 5.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $8,745 | 5.21% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $5,486 | 5.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $4,581 | 5.81% |
| Holland, MI (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $6,701 | 5.34% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $5,600 | 4.88% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $15,068 | 5.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $4,210 | 5.19% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,843 | 5.13% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,338 | 5.31% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,324 | 5.19% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,748 | 4.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,498 | 4.75% |
| Rockport, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,713 | 5.13% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,619 | 5.38% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,185 | 4.01% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $14,446 | 4.50% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,426 | 5.50% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,406 | 4.50% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,637 | 5.13% |
| JACKSON, TN (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,898 | 5.19% |
| Centralia, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,166 | 4.75% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,857 | 5.63% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,641 | 5.00% |
| Columbus, MS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,921 | 5.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,050 | 5.50% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,060 | 5.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,801 | 4.75% |
| NILES, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,072 | 5.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,593 | 4.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,155 | 4.13% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,406 | 5.50% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,976 | 5.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,310 | 5.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against Austin Capital Bank SSB based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Austin Capital Bank Ssb's most frequently originated type of loan was Conventional, with 266 originations. Their 2nd most popular type was FHA, with 108 originations.
Loan Reason
For 2018, Austin Capital Bank Ssb's most frequently cited loan purpose was Home Purchase, with 403 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
For 2018, Austin Capital Bank Ssb's most frequently cited loan duration was 30 Year, with 413 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
Austin Capital Bank Ssb's average total fees were $6,361, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 232 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 255 | $63,395,000 | $248,608 |
| 5-6% | 170 | $36,220,000 | $213,059 |
| 3-4% | 4 | $1,180,000 | $295,000 |
| 6-7% | 4 | $410,000 | $102,500 |
During 2018, Austin Capital Bank Ssb's average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 4-5%, with 255 originations.
Loan Sizing
2018 saw Austin Capital Bank Ssb place emphasis on $200k-400k loans with 198 originations, totaling $54,660,000 in origination value.
Applicant Income
Austin Capital Bank Ssb lent most frequently to those with incomes in the $50k-75k range, with 139 originations. The second most popular income band? $75k-100k, with 81 originations.
Applicant Debt to Income Ratio
Austin Capital Bank Ssb lent most frequently to those with DTI ratios of 20-30%, with 58 originations. The next most common DTI ratio? 30-36%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.44%
Austin Capital Bank Ssb has an average approval rate.
Pick Rate
Approvals leading to origination43.88%
Austin Capital 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 |
|---|---|---|---|
| NA | 433 | $101,205,000 | $233,730 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $855,000 | $855,000 |
| Single Family (1-4 Units):Site-Built | 432 | $100,350,000 | $232,292 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Academy Mortgage Corporation | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 37.5% |
| Academy Mortgage Corporation | Conventional home mortgage | Closing on a mortgage | 1 | 12.5% |
| Academy Mortgage Corporation | Conventional home mortgage | Struggling to pay mortgage | 1 | 12.5% |
| Academy Mortgage Corporation | FHA mortgage | Closing on a mortgage | 1 | 12.5% |
| Academy Mortgage Corporation | FHA mortgage | Trouble during payment process | 1 | 12.5% |
| Academy Mortgage Corporation | Other type of mortgage | Trouble during payment process | 1 | 12.5% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Austin Capital Bank SSB | 8100 Shoal Creek Blvd. Austin, TX 78757 | Full Service B&M | $78,289 |
For 2018, Austin Capital Bank Ssb had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $5,429 |
| Net interest income | $4,300 |
| Total noninterest income | $5,788 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $119 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,669 |
| Pre-tax net operating income | $741 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $409 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $409 |
| Minority interest net income | $0 |
| Net income | $409 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $409 |
Austin Capital Bank Ssb's gross interest income from loans was $5,429,000.
Austin Capital Bank Ssb's net interest income from loans was $4,300,000.
Austin Capital Bank Ssb's fee based income from loans was $119,000.
Austin Capital Bank Ssb's net income from loans was $409,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,129 |
| Provision for credit losses | $0 |
| Total noninterest expense | $9,347 |
| Salaries and employee benefits | $5,942 |
| Premises and equipment expense | $521 |
| Additional noninterest expense | $2,884 |
| Applicable income taxes | $332 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
Austin Capital Bank Ssb's interest expense for loans was $1,129,000.
Austin Capital Bank Ssb's payroll and benefits expense were $5,942,000.
Austin Capital Bank Ssb's property, plant and equipment expenses $521,000.
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 | $70,394 |
| Deposits held in domestic offices | $70,394 |
| Deposits by Individuals, partnerships, and corporations | $53,396 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $14,514 |
| Deposits by Commercial banks and other depository institutions in U.S. | $2,484 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $9,137 |
| Demand deposits | $7,830 |
| Nontransaction accounts | $61,257 |
| Money market deposit accounts (MMDAs) | $33,134 |
| Other savings deposits (excluding MMDAs) | $16 |
| Total time deposits | $28,107 |
| Total time and savings deposits | $62,564 |
| Noninterest-bearing deposits | $7,829 |
| Interest-bearing deposits | $62,565 |
| Retail deposits | $65,686 |
| IRAs and Keogh plan accounts | $0 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $105,746 |
| Cash & Balances due from depository institutions | $16,513 |
| Interest-bearing balances | $13,419 |
| Total securities | $2,128 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $81,166 |
| Loan and leases loss allowance | $837 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,696 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,243 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $105,746 |
| Total Liabilities | $92,870 |
| Total deposits | $70,394 |
| Interest-bearing deposits | $62,565 |
| Deposits held in domestic offices | $70,394 |
| % insured (estimated) | $84 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $21,398 |
| Subordinated debt | $0 |
| All other liabilities | $1,078 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $81,166 |
| Loan and leases loss allowance | $837 |
| Total loans and leases (domestic) | $82,003 |
| All real estate loans | $78,441 |
| Real estate loans in domestic offices | $78,441 |
| Construction and development loans | $3,517 |
| Residential 1-4 family construction | $3,066 |
| Other construction, all land development and other land | $451 |
| Loans secured by nonfarm nonresidential properties | $20,837 |
| Nonfarm nonresidential secured by owner-occupied properties | $5,630 |
| Commercial real estate & other non-farm, non-residential | $15,207 |
| Multifamily residential real estate | $796 |
| 1-4 family residential loans | $52,852 |
| Farmland loans | $439 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $3,653 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $16 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $16 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| 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 |
Austin Capital Bank SSB had $81,166,000 of loans outstanding in 2018. $78,441,000 of loans were in real estate loans. $3,517,000 of loans were in development loans. $796,000 of loans were in multifamily mortgage loans. $52,852,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 | 21 | $9,444 | $449,714 |
| Nonfarm, nonresidential loans - $100-250k | 1 | $216 | $216,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 20 | $9,228 | $461,400 |
| Commercial & Industrial, US addressed loans - <$1MM | 11 | $2,311 | $210,091 |
| Commercial & Industrial, US addressed loans - <$100k | 1 | $15 | $15,000 |
| Commercial & Industrial, US addressed loans - $100-250k | 4 | $466 | $116,500 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 6 | $1,830 | $305,000 |