Cypress Bank Ssb Mortgage Rates, Fees & Info

Pittsburg, TX

LEI: 549300I4IUWMEMGLST06

Tax ID: 75-6233226

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Cypress Bank Ssb is a smaller bank specializing in Home Purchase loans. Cypress Bank Ssb has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Mount Pleasant, Dallas, Longview, Tyler, and Sulphur Springs among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cypress Bank Ssb has an 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.

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    Originations

    152

    Origination Dollar Volume (All Markets)

    $18,880,000

    Employee count

    68

    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
    Mount Pleasant, TX (FHA|USDA|VA) 84 $11,040,000 $131,429 $0 0.00%
    Outside of Metro Areas 38 $3,970,000 $104,474 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 19 $2,535,000 $133,421 $0 0.00%
    LONGVIEW, TX (FHA|USDA|VA) 9 $925,000 $102,778 $0 0.00%
    TYLER, TX (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
    Sulphur Springs, TX (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Cypress Bank Ssb's top markets include Mount Pleasant, Dallas, Longview, Tyler, and Sulphur Springs among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 151 $18,745,000 $124,139 $0 0.00%
    USDA 1 $135,000 $135,000 $0 0.00%

    For 2020, Cypress Bank Ssb's most frequently originated type of loan was Conventional, with 151 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 97 $13,195,000 $136,031 $0 0.00%
    Refi 32 $3,600,000 $112,500 $0 0.00%
    Other 17 $1,785,000 $105,000 $0 0.00%
    Home Improvement 6 $300,000 $50,000 $0 0.00%

    For 2020, Cypress Bank Ssb's most frequently cited loan purpose was Home Purchase, with 97 originations. The 2nd most popular reason was Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 152 $18,880,000 $124,211 $0 0.00%

    For 2020, Cypress Bank Ssb's most frequently cited loan duration was Other, with 152 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 79 $4,425,000 $56,013 $0 0.00%
    $100k-200k 43 $5,445,000 $126,628 $0 0.00%
    $200k-400k 28 $7,960,000 $284,286 $0 0.00%
    $400k-600k 2 $1,050,000 $525,000 $0 0.00%

    2020 saw Cypress Bank Ssb place emphasis on $100,000 or less loans with 79 originations, totaling $4,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $2,840,000 $94,667 $0 0.00%
    $75k-100k 26 $3,440,000 $132,308 $0 0.00%
    $100k-150k 24 $3,930,000 $163,750 $0 0.00%
    $50k or less 22 $1,270,000 $57,727 $0 0.00%
    $150k-250k 15 $2,675,000 $178,333 $0 0.00%
    $250k+ 5 $575,000 $115,000 $0 0.00%

    Cypress Bank Ssb lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $75k-100k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 152 $18,880,000 $124,211 $0 0.00%

    Cypress Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 152 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 82 $10,360,000 $126,341 $0 0.00%
    Not applicable 30 $4,150,000 $138,333 $0 0.00%
    Not provided 27 $3,285,000 $121,667 $0 0.00%
    Black 8 $590,000 $73,750 $0 0.00%
    Asian 2 $330,000 $165,000 $0 0.00%
    American Indian 3 $165,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.05%

    Cypress Bank Ssb has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    69.74%

    Cypress 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
    Exempt 152 $18,880,000 $124,211

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $690,000 $345,000
    Single Family (1-4 Units):Manufactured 18 $1,210,000 $67,222
    Single Family (1-4 Units):Site-Built 132 $16,980,000 $128,636

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cypress Bank, SSB 110 N Main Lone Star, TX 75668 Full Service B&M $16,462
    Cypress Bank, SSB 120 South Greer Blvd Pittsburg, TX 75686 Full Service B&M $80,432
    Cypress Bank, SSB 1702 Live Oak Commerce, TX 75428 Full Service B&M $42,258
    Cypress Bank, SSB 801 N. Jefferson Mount Pleasant, TX 75455 Full Service B&M $25,005

    For 2020, Cypress Bank Ssb had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,631
    Net interest income $6,821
    Total noninterest income $954
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $538
    Trading account gains and fees $0
    Additional Noninterest Income $416
    Pre-tax net operating income $1,292
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,098
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,098
    Minority interest net income $0
    Net income $1,098
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,098

    Cypress Bank Ssb's gross interest income from loans was $8,631,000.
    Cypress Bank Ssb's net interest income from loans was $6,821,000.
    Cypress Bank Ssb's fee based income from loans was $538,000.
    Cypress Bank Ssb's net income from loans was $1,098,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,810
    Provision for credit losses $20
    Total noninterest expense $6,463
    Salaries and employee benefits $3,966
    Premises and equipment expense $648
    Additional noninterest expense $1,849
    Applicable income taxes $194
    Net charge-offs $62
    Cash dividends $405

    Cypress Bank Ssb's interest expense for loans was $1,810,000.
    Cypress Bank Ssb's payroll and benefits expense were $3,966,000.
    Cypress Bank Ssb's property, plant and equipment expenses $648,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $165,561
    Deposits held in domestic offices $165,561
    Deposits by Individuals, partnerships, and corporations $161,132
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,483
    Deposits by Commercial banks and other depository institutions in U.S. $946
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $57,084
    Demand deposits $31,934
    Nontransaction accounts $108,477
    Money market deposit accounts (MMDAs) $24,119
    Other savings deposits (excluding MMDAs) $21,848
    Total time deposits $62,509
    Total time and savings deposits $133,627
    Noninterest-bearing deposits $32,998
    Interest-bearing deposits $132,563
    Retail deposits $153,756
    IRAs and Keogh plan accounts $7,203
    Brokered deposits $946
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $210,974
    Cash & Balances due from depository institutions $16,510
    Interest-bearing balances $13,639
    Total securities $51,798
    Federal funds sold & reverse repurchase $0
    Net loans and leases $130,937
    Loan and leases loss allowance $1,483
    Trading account assets $0
    Bank premises and fixed assets $5,381
    Other real estate owned $0
    Goodwill and other intangibles $214
    All other assets $6,134

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $210,974
    Total Liabilities $189,169
    Total deposits $165,561
    Interest-bearing deposits $132,563
    Deposits held in domestic offices $165,561
    % insured (estimated) $92
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $21,667
    Subordinated debt $0
    All other liabilities $1,941

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $130,937
    Loan and leases loss allowance $1,483
    Total loans and leases (domestic) $132,420
    All real estate loans $103,192
    Real estate loans in domestic offices $103,192
    Construction and development loans $6,028
    Residential 1-4 family construction $3,263
    Other construction, all land development and other land $2,765
    Loans secured by nonfarm nonresidential properties $21,508
    Nonfarm nonresidential secured by owner-occupied properties $13,436
    Commercial real estate & other non-farm, non-residential $8,072
    Multifamily residential real estate $4,203
    1-4 family residential loans $63,294
    Farmland loans $8,159
    Loans held in foreign offices $0
    Farm loans $2,006
    Commercial and industrial loans $12,570
    To non-U.S. addressees $0
    Loans to individuals $13,737
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,040
    Other loans to individuals $9,697
    All other loans & leases $915
    Loans to foreign governments and official institutions $0
    Other loans $26
    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

    Cypress Bank SSB had $130,937,000 of loans outstanding in 2020. $103,192,000 of loans were in real estate loans. $6,028,000 of loans were in development loans. $4,203,000 of loans were in multifamily mortgage loans. $63,294,000 of loans were in 1-4 family mortgage loans. $2,006,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,040,000 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 134 $16,570 $123,657
    Nonfarm, nonresidential loans - <$100k 67 $2,567 $38,313
    Nonfarm, nonresidential loans - $100-250k 40 $4,215 $105,375
    Nonfarm, nonresidential loans - $250k-1MM 27 $9,788 $362,519
    Commercial & Industrial, US addressed loans - <$1MM 275 $8,899 $32,360
    Commercial & Industrial, US addressed loans - <$100k 247 $4,807 $19,462
    Commercial & Industrial, US addressed loans - $100-250k 19 $2,054 $108,105
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $2,038 $226,444
    Farmland loans - <$1MM 84 $8,159 $97,131
    Farmland loans - <$100k 84 $8,159 $97,131
    Agriculture operations loans - <$1MM 132 $2,006 $15,197
    Agriculture operations loans - <$100k 132 $2,006 $15,197