Spring Hill State Bank Mortgage Rates, Fees & Info

Longview, TX

LEI: 549300K31SPZG5JQ7275

Tax ID: 75-1522822

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Mortgage Data

Bank Data

Review & Overview

Spring Hill State Bank is a smaller bank specializing in Home Purchase loans. Spring Hill State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Longview, Dallas, Tyler, Houston, and College Station among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Spring Hill State Bank 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.

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Originations

131

Origination Dollar Volume (All Markets)

$15,755,000

Employee count

47

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
LONGVIEW, TX (FHA|USDA|VA) 114 $13,080,000 $114,737 $0 0.00%
Outside of Metro Areas 6 $1,180,000 $196,667 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
TYLER, TX (FHA|USDA|VA) 4 $360,000 $90,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $270,000 $135,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Sulphur Springs, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Mount Pleasant, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Spring Hill State Bank's top markets include Longview, Dallas, Tyler, Houston, and College Station among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 131 $15,755,000 $120,267 $0 0.00%

    For 2018, Spring Hill State Bank's most frequently originated type of loan was Conventional, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 91 $11,335,000 $124,560 $0 0.00%
    Refi 17 $2,345,000 $137,941 $0 0.00%
    Cash Out Refi 12 $1,100,000 $91,667 $0 0.00%
    Other 6 $650,000 $108,333 $0 0.00%
    Home Improvement 5 $325,000 $65,000 $0 0.00%

    For 2018, Spring Hill State Bank's most frequently cited loan purpose was Home Purchase, with 91 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 131 $15,755,000 $120,267 $0 0.00%

    For 2018, Spring Hill State Bank's most frequently cited loan duration was Other, with 131 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 64 $3,890,000 $60,781 $0 0.00%
    $100k-200k 49 $6,455,000 $131,735 $0 0.00%
    $200k-400k 16 $4,490,000 $280,625 $0 0.00%
    $400k-600k 2 $920,000 $460,000 $0 0.00%

    2018 saw Spring Hill State Bank place emphasis on $100,000 or less loans with 64 originations, totaling $3,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 32 $2,370,000 $74,063 $0 0.00%
    $50k-75k 23 $2,365,000 $102,826 $0 0.00%
    $75k-100k 14 $1,500,000 $107,143 $0 0.00%
    $100k-150k 12 $2,060,000 $171,667 $0 0.00%
    $150k-250k 8 $2,130,000 $266,250 $0 0.00%
    $250k+ 4 $1,040,000 $260,000 $0 0.00%

    Spring Hill State Bank lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $50k-75k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 131 $15,755,000 $120,267 $0 0.00%

    Spring Hill State Bank lent most frequently to those with DTI ratios of Exempt%, with 131 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $13,150,000 $119,545 $0 0.00%
    Not applicable 14 $1,500,000 $107,143 $0 0.00%
    Black 3 $615,000 $205,000 $0 0.00%
    Asian 3 $395,000 $131,667 $0 0.00%
    American Indian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.02%

    Spring Hill State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.44%

    Spring Hill State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 131 $15,755,000 $120,267

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $710,000 $355,000
    Single Family (1-4 Units):Manufactured 6 $310,000 $51,667
    Single Family (1-4 Units):Site-Built 123 $14,735,000 $119,797

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Supreme Lending Conventional home mortgage Closing on a mortgage 3 25.0%
    Supreme Lending Conventional home mortgage Trouble during payment process 1 8.3%
    Supreme Lending FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 16.7%
    Supreme Lending FHA mortgage Closing on a mortgage 5 41.7%
    Supreme Lending Other type of mortgage Trouble during payment process 1 8.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Spring Hill State Bank 202 Hollybrook Longview, TX 75605 Full Service B&M $15,841
    Spring Hill State Bank 3700 Gilmer Road Longview, TX 75604 Full Service B&M $149,975

    For 2018, Spring Hill State Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,724
    Net interest income $7,099
    Total noninterest income $1,011
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $542
    Trading account gains and fees $0
    Additional Noninterest Income $469
    Pre-tax net operating income $2,624
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,072
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,072
    Minority interest net income $0
    Net income $2,072
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,072

    Spring Hill State Bank's gross interest income from loans was $8,724,000.
    Spring Hill State Bank's net interest income from loans was $7,099,000.
    Spring Hill State Bank's fee based income from loans was $542,000.
    Spring Hill State Bank's net income from loans was $2,072,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,625
    Provision for credit losses $251
    Total noninterest expense $5,235
    Salaries and employee benefits $2,945
    Premises and equipment expense $549
    Additional noninterest expense $1,741
    Applicable income taxes $552
    Net charge-offs $114
    Cash dividends $265

    Spring Hill State Bank's interest expense for loans was $1,625,000.
    Spring Hill State Bank's payroll and benefits expense were $2,945,000.
    Spring Hill State Bank's property, plant and equipment expenses $549,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 2.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $170,998
    Deposits held in domestic offices $170,998
    Deposits by Individuals, partnerships, and corporations $167,478
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,268
    Deposits by Commercial banks and other depository institutions in U.S. $252
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $52,300
    Demand deposits $37,953
    Nontransaction accounts $118,698
    Money market deposit accounts (MMDAs) $49,297
    Other savings deposits (excluding MMDAs) $14,764
    Total time deposits $54,637
    Total time and savings deposits $133,045
    Noninterest-bearing deposits $37,953
    Interest-bearing deposits $133,045
    Retail deposits $162,841
    IRAs and Keogh plan accounts $7,000
    Brokered deposits $1,538
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $205,416
    Cash & Balances due from depository institutions $49,220
    Interest-bearing balances $44,720
    Total securities $6,466
    Federal funds sold & reverse repurchase $0
    Net loans and leases $144,436
    Loan and leases loss allowance $3,042
    Trading account assets $0
    Bank premises and fixed assets $2,873
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,421

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $205,416
    Total Liabilities $183,321
    Total deposits $170,998
    Interest-bearing deposits $133,045
    Deposits held in domestic offices $170,998
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $12,000
    Subordinated debt $0
    All other liabilities $323

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $144,436
    Loan and leases loss allowance $3,042
    Total loans and leases (domestic) $147,478
    All real estate loans $122,586
    Real estate loans in domestic offices $122,586
    Construction and development loans $8,183
    Residential 1-4 family construction $4,116
    Other construction, all land development and other land $4,067
    Loans secured by nonfarm nonresidential properties $17,400
    Nonfarm nonresidential secured by owner-occupied properties $10,461
    Commercial real estate & other non-farm, non-residential $6,939
    Multifamily residential real estate $1,802
    1-4 family residential loans $94,463
    Farmland loans $738
    Loans held in foreign offices $0
    Farm loans $402
    Commercial and industrial loans $14,814
    To non-U.S. addressees $0
    Loans to individuals $9,630
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,767
    Other loans to individuals $5,863
    All other loans & leases $46
    Loans to foreign governments and official institutions $0
    Other loans $46
    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 $154
    Non 1-4 family restructured loans & leases $8
    Total loans and leases (foreign) $0

    Spring Hill State Bank had $144,436,000 of loans outstanding in 2018. $122,586,000 of loans were in real estate loans. $8,183,000 of loans were in development loans. $1,802,000 of loans were in multifamily mortgage loans. $94,463,000 of loans were in 1-4 family mortgage loans. $402,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,767,000 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 98 $13,350 $136,224
    Nonfarm, nonresidential loans - <$100k 38 $1,471 $38,711
    Nonfarm, nonresidential loans - $100-250k 41 $4,614 $112,537
    Nonfarm, nonresidential loans - $250k-1MM 19 $7,265 $382,368
    Commercial & Industrial, US addressed loans - <$1MM 385 $12,047 $31,291
    Commercial & Industrial, US addressed loans - <$100k 350 $6,997 $19,991
    Commercial & Industrial, US addressed loans - $100-250k 27 $3,078 $114,000
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $1,972 $246,500
    Farmland loans - <$1MM 5 $738 $147,600
    Farmland loans - <$100k 2 $69 $34,500
    Farmland loans - $100-250k 2 $289 $144,500
    Farmland loans - $250k-1MM 1 $380 $380,000
    Agriculture operations loans - <$1MM 8 $402 $50,250
    Agriculture operations loans - <$100k 6 $101 $16,833
    Agriculture operations loans - $100-250k 2 $301 $150,500