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. 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

    116

    Origination Dollar Volume (All Markets)

    $18,410,000

    Employee count

    72

    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) 67 $11,725,000 $175,000 $0 0.00%
    Outside of Metro Areas 24 $2,980,000 $124,167 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $2,240,000 $160,000 $0 0.00%
    LONGVIEW, TX (FHA|USDA|VA) 8 $1,020,000 $127,500 $0 0.00%
    TYLER, TX (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    Sulphur Springs, TX (FHA|USDA|VA) 2 $100,000 $50,000 $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 116 $18,410,000 $158,707 $0 0.00%

    For 2021, Cypress Bank Ssb's most frequently originated type of loan was Conventional, with 116 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 67 $12,965,000 $193,507 $0 0.00%
    Refi 30 $3,360,000 $112,000 $0 0.00%
    Home Improvement 10 $830,000 $83,000 $0 0.00%
    Other 9 $1,255,000 $139,444 $0 0.00%

    For 2021, Cypress Bank Ssb's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 116 $18,410,000 $158,707 $0 0.00%

    For 2021, Cypress Bank Ssb's most frequently cited loan duration was Other, with 116 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 53 $3,255,000 $61,415 $0 0.00%
    $100k-200k 39 $5,315,000 $136,282 $0 0.00%
    $200k-400k 20 $5,860,000 $293,000 $0 0.00%
    $400k-600k 2 $900,000 $450,000 $0 0.00%
    $1MM+ 1 $2,215,000 $2,215,000 $0 0.00%
    $600k-1MM 1 $865,000 $865,000 $0 0.00%

    2021 saw Cypress Bank Ssb place emphasis on $100,000 or less loans with 53 originations, totaling $3,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 24 $2,310,000 $96,250 $0 0.00%
    $75k-100k 19 $1,805,000 $95,000 $0 0.00%
    $50k-75k 17 $1,765,000 $103,824 $0 0.00%
    $100k-150k 14 $3,350,000 $239,286 $0 0.00%
    $150k-250k 10 $1,070,000 $107,000 $0 0.00%
    $250k+ 5 $615,000 $123,000 $0 0.00%

    Cypress Bank Ssb lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $75k-100k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 116 $18,410,000 $158,707 $0 0.00%

    Cypress Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 116 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 27 $7,495,000 $277,593 $0 0.00%
    White 65 $7,465,000 $114,846 $0 0.00%
    Not provided 20 $2,650,000 $132,500 $0 0.00%
    American Indian 1 $425,000 $425,000 $0 0.00%
    Asian 1 $205,000 $205,000 $0 0.00%
    Black 2 $170,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.82%

    Cypress Bank Ssb has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    54.31%

    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 116 $18,410,000 $158,707

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    116 $18,410,000 $158,707

    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 $16,169
    Cypress Bank, SSB 120 South Greer Blvd Pittsburg, TX 75686 Full Service B&M $84,053
    Cypress Bank, SSB 1312 South Jefferson Street Mount Pleasant, TX 75455 Full Service B&M $29,730
    Cypress Bank, SSB 1702 Live Oak Commerce, TX 75428 Full Service B&M $41,787
    Cypress Bank, SSB 801 N Jefferson Ave Mount Pleasant, TX 75455 Limited, Drive-thru $0

    For 2021, Cypress Bank Ssb had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,664
    Net interest income $7,639
    Total noninterest income $981
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $568
    Trading account gains and fees $0
    Additional Noninterest Income $413
    Pre-tax net operating income $2,189
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,832
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,832
    Minority interest net income $0
    Net income $1,832
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,832

    Cypress Bank Ssb's gross interest income from loans was $8,664,000.
    Cypress Bank Ssb's net interest income from loans was $7,639,000.
    Cypress Bank Ssb's fee based income from loans was $568,000.
    Cypress Bank Ssb's net income from loans was $1,832,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,025
    Provision for credit losses $-239
    Total noninterest expense $6,670
    Salaries and employee benefits $4,124
    Premises and equipment expense $775
    Additional noninterest expense $1,771
    Applicable income taxes $357
    Net charge-offs $-235
    Cash dividends $400

    Cypress Bank Ssb's interest expense for loans was $1,025,000.
    Cypress Bank Ssb's payroll and benefits expense were $4,124,000.
    Cypress Bank Ssb's property, plant and equipment expenses $775,000.

    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 $177,452
    Deposits held in domestic offices $177,452
    Deposits by Individuals, partnerships, and corporations $169,748
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $5,517
    Deposits by Commercial banks and other depository institutions in U.S. $2,187
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $67,077
    Demand deposits $36,007
    Nontransaction accounts $110,375
    Money market deposit accounts (MMDAs) $28,672
    Other savings deposits (excluding MMDAs) $27,422
    Total time deposits $54,281
    Total time and savings deposits $141,445
    Noninterest-bearing deposits $37,021
    Interest-bearing deposits $140,431
    Retail deposits $164,733
    IRAs and Keogh plan accounts $7,106
    Brokered deposits $2,187
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $218,597
    Cash & Balances due from depository institutions $12,093
    Interest-bearing balances $9,319
    Total securities $55,774
    Federal funds sold & reverse repurchase $0
    Net loans and leases $140,009
    Loan and leases loss allowance $1,479
    Trading account assets $0
    Bank premises and fixed assets $5,275
    Other real estate owned $0
    Goodwill and other intangibles $212
    All other assets $5,234

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $218,597
    Total Liabilities $195,325
    Total deposits $177,452
    Interest-bearing deposits $140,431
    Deposits held in domestic offices $177,452
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $15,607
    Subordinated debt $0
    All other liabilities $2,266

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $140,009
    Loan and leases loss allowance $1,479
    Total loans and leases (domestic) $141,488
    All real estate loans $110,276
    Real estate loans in domestic offices $110,276
    Construction and development loans $9,289
    Residential 1-4 family construction $5,078
    Other construction, all land development and other land $4,211
    Loans secured by nonfarm nonresidential properties $20,330
    Nonfarm nonresidential secured by owner-occupied properties $12,151
    Commercial real estate & other non-farm, non-residential $8,179
    Multifamily residential real estate $4,768
    1-4 family residential loans $65,397
    Farmland loans $10,492
    Loans held in foreign offices $0
    Farm loans $3,631
    Commercial and industrial loans $11,270
    To non-U.S. addressees $0
    Loans to individuals $15,596
    Credit card loans $0
    Related Plans $72
    Consumer Auto Loans $4,778
    Other loans to individuals $10,746
    All other loans & leases $715
    Loans to foreign governments and official institutions $0
    Other loans $40
    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 $140,009,000 of loans outstanding in 2021. $110,276,000 of loans were in real estate loans. $9,289,000 of loans were in development loans. $4,768,000 of loans were in multifamily mortgage loans. $65,397,000 of loans were in 1-4 family mortgage loans. $3,631,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,778,000 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 125 $15,651 $125,208
    Nonfarm, nonresidential loans - <$100k 62 $2,265 $36,532
    Nonfarm, nonresidential loans - $100-250k 35 $3,814 $108,971
    Nonfarm, nonresidential loans - $250k-1MM 28 $9,572 $341,857
    Commercial & Industrial, US addressed loans - <$1MM 256 $8,247 $32,215
    Commercial & Industrial, US addressed loans - <$100k 239 $5,067 $21,201
    Commercial & Industrial, US addressed loans - $100-250k 10 $1,196 $119,600
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $1,984 $283,429
    Farmland loans - <$1MM 85 $10,492 $123,435
    Farmland loans - <$100k 85 $10,492 $123,435
    Agriculture operations loans - <$1MM 126 $3,631 $28,817
    Agriculture operations loans - <$100k 126 $3,631 $28,817