Security State Bank & Trust Mortgage Rates, Fees & Info

Fredericksburg, TX

LEI: 549300KLIO6FT2J64B78

Tax ID: 74-0890992

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Mortgage Data

Bank Data

Review & Overview

Security State Bank & Trust is a smaller bank specializing in NA and Home Purchase loans. Security State Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Austin, San Antonio, Kerrville, Fredericksburg, and Dallas among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

Security State Bank & Trust 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.61% 3/24/24
30 Year Conventional Refi 6.87% 3/24/24
30 Year FHA Purchase 7.52% 3/24/24
30 Year VA Purchase 6.52% 3/24/24
30 Year VA Refi 6.58% 3/24/24
30 Year USDA Purchase 6.31% 3/24/24
15 Year Conventional Purchase 8.33% 3/24/24
15 Year Conventional Refi 6.66% 3/24/24
15 Year Cash-out Refi 6.66% 3/24/24
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.

Security State Bank & Trust Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Security State Bank & Trust. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

232

Origination Dollar Volume (All Markets)

$48,390,000

Employee count

279

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
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 27 $10,025,000 $371,296 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 41 $8,545,000 $208,415 $0 0.00%
Outside of Metro Areas 48 $6,960,000 $145,000 $0 0.00%
Kerrville, TX (FHA|USDA|VA) 48 $6,490,000 $135,208 $0 0.00%
Fredericksburg, TX (FHA|USDA|VA) 35 $5,765,000 $164,714 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 21 $4,535,000 $215,952 $0 0.00%
Brownwood, TX (FHA|USDA|VA) 1 $3,625,000 $3,625,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $820,000 $410,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $490,000 $245,000 $0 0.00%
Key West, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
SANTA FE, NM (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Stephenville, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
HATTIESBURG, MS (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Raymondville, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Security State Bank & Trust's top markets include Austin, San Antonio, Kerrville, Fredericksburg, and Dallas among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 232 $48,390,000 $208,578 $0 0.00%

    For 2018, Security State Bank & Trust's most frequently originated type of loan was Conventional, with 232 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    NA 100 $22,580,000 $225,800 $0 0.00%
    Home Purchase 79 $18,155,000 $229,810 $0 0.00%
    Refi 21 $4,025,000 $191,667 $0 0.00%
    Home Improvement 19 $2,535,000 $133,421 $0 0.00%
    Other 13 $1,095,000 $84,231 $0 0.00%

    For 2018, Security State Bank & Trust's most frequently cited loan purpose was NA, with 100 originations. The 2nd most popular reason was Home Purchase, with 79 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 232 $48,390,000 $208,578 $0 0.00%

    For 2018, Security State Bank & Trust's most frequently cited loan duration was Other, with 232 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 95 $5,545,000 $58,368 $0 0.00%
    $100k-200k 67 $9,545,000 $142,463 $0 0.00%
    $200k-400k 41 $12,055,000 $294,024 $0 0.00%
    $400k-600k 18 $9,050,000 $502,778 $0 0.00%
    $600k-1MM 8 $5,920,000 $740,000 $0 0.00%
    $1MM+ 3 $6,275,000 $2,091,667 $0 0.00%

    2018 saw Security State Bank & Trust place emphasis on $100,000 or less loans with 95 originations, totaling $5,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 43 $10,025,000 $233,140 $0 0.00%
    $100k-150k 34 $6,180,000 $181,765 $0 0.00%
    $50k or less 33 $2,095,000 $63,485 $0 0.00%
    $250k+ 27 $10,285,000 $380,926 $0 0.00%
    $50k-75k 27 $2,755,000 $102,037 $0 0.00%
    $75k-100k 16 $2,160,000 $135,000 $0 0.00%

    Security State Bank & Trust lent most frequently to those with incomes in the $150k-250k range, with 43 originations. The second most popular income band? $100k-150k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 232 $48,390,000 $208,578 $0 0.00%

    Security State Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 232 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 179 $33,345,000 $186,285 $0 0.00%
    Not applicable 52 $14,890,000 $286,346 $0 0.00%
    Asian 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.28%

    Security State Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.74%

    Security State Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 232 $48,390,000 $208,578

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $8,040,000 $1,005,000
    Single Family (1-4 Units):Manufactured 51 $3,645,000 $71,471
    Single Family (1-4 Units):Site-Built 173 $36,705,000 $212,168

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Security National Financial Corp Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    Security National Financial Corp Conventional home mortgage Trouble during payment process 3 60.0%
    Security National Financial Corp VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Security State Bank & Trust 1000 Hwy 281 South Blanco, TX 78606 Full Service B&M $32,272
    Security State Bank & Trust 1111 East Main Street Fredericksburg, TX 78624 Limited, Drive-thru $0
    Security State Bank & Trust 1130 Junction Highway Kerrville, TX 78028 Full Service B&M $142,588
    Security State Bank & Trust 11610 Bee Caves Rd Ste 100 Bee Cave, TX 78738 Full Service B&M $6,254
    Security State Bank & Trust 1500 Hwy 290 West Dripping Springs, TX 78620 Full Service B&M $15,814
    Security State Bank & Trust 18125 Fm 306 Canyon Lake, TX 78133 Full Service B&M $27,303
    Security State Bank & Trust 201 West Main Street Fredericksburg, TX 78624 Full Service B&M $231,953
    Security State Bank & Trust 202 West San Antonio Street Fredericksburg, TX 78624 Limited, Drive-thru $0
    Security State Bank & Trust 204 Ranch Road 2900 Kingsland, TX 78639 Full Service B&M $32,290
    Security State Bank & Trust 212 Sidney Baker South Kerrville, TX 78028 Limited, Drive-thru $0
    Security State Bank & Trust 23596 West Highway 290 Harper, TX 78631 Full Service B&M $31,021
    Security State Bank & Trust 3131 Bulverde Road Bulverde, TX 78163 Full Service B&M $29,147
    Security State Bank & Trust 3241 Junction Highway Ingram, TX 78025 Full Service B&M $25,272
    Security State Bank & Trust 3610 Pace Bend Rd. South Spicewood, TX 78669 Full Service B&M $40,592
    Security State Bank & Trust 501 Landa Street New Braunfels, TX 78130 Full Service B&M $8,125
    Security State Bank & Trust 607 Main Street Boerne, TX 78006 Full Service B&M $39,408
    Security State Bank & Trust 608 Highway 281 North Marble Falls, TX 78654 Full Service B&M $74,525
    Security State Bank & Trust 707 Main Street Marble Falls, TX 78654 Limited, Drive-thru $0
    Security State Bank & Trust 7626 Lohman Ford Road Lago Vista, TX 78645 Full Service B&M $42,239
    Security State Bank & Trust 832 Front Street Comfort, TX 78013 Full Service B&M $29,489

    For 2018, Security State Bank & Trust had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $45,679
    Net interest income $42,794
    Total noninterest income $9,614
    Gross Fiduciary activities income $1,031
    Service charges on deposit accounts $2,078
    Trading account gains and fees $0
    Additional Noninterest Income $6,505
    Pre-tax net operating income $18,747
    Securities gains (or losses, -) $-21
    Income before extraordinary items $18,726
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,726
    Minority interest net income $-289
    Net income $19,015
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,747

    Security State Bank & Trust's gross interest income from loans was $45,679,000.
    Security State Bank & Trust's net interest income from loans was $42,794,000.
    Security State Bank & Trust's fee based income from loans was $2,078,000.
    Security State Bank & Trust's net income from loans was $19,015,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,885
    Provision for credit losses $619
    Total noninterest expense $33,042
    Salaries and employee benefits $20,993
    Premises and equipment expense $3,372
    Additional noninterest expense $8,677
    Applicable income taxes $0
    Net charge-offs $645
    Cash dividends $11,500

    Security State Bank & Trust's interest expense for loans was $2,885,000.
    Security State Bank & Trust's payroll and benefits expense were $20,993,000.
    Security State Bank & Trust's property, plant and equipment expenses $3,372,000.

    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 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $856,602
    Deposits held in domestic offices $856,602
    Deposits by Individuals, partnerships, and corporations $759,281
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $97,321
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $71,679
    Demand deposits $54,830
    Nontransaction accounts $784,923
    Money market deposit accounts (MMDAs) $562,164
    Other savings deposits (excluding MMDAs) $113,922
    Total time deposits $108,837
    Total time and savings deposits $801,772
    Noninterest-bearing deposits $346,256
    Interest-bearing deposits $510,346
    Retail deposits $835,469
    IRAs and Keogh plan accounts $11,248
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,027,574
    Cash & Balances due from depository institutions $36,155
    Interest-bearing balances $16,395
    Total securities $254,550
    Federal funds sold & reverse repurchase $0
    Net loans and leases $683,714
    Loan and leases loss allowance $3,278
    Trading account assets $0
    Bank premises and fixed assets $18,125
    Other real estate owned $899
    Goodwill and other intangibles $0
    All other assets $34,131

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,027,574
    Total Liabilities $891,403
    Total deposits $856,602
    Interest-bearing deposits $510,346
    Deposits held in domestic offices $856,602
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $32,301
    Trading liabilities $0
    Other borrowed funds $595
    Subordinated debt $0
    All other liabilities $1,905

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $683,714
    Loan and leases loss allowance $3,278
    Total loans and leases (domestic) $686,992
    All real estate loans $541,937
    Real estate loans in domestic offices $541,937
    Construction and development loans $183,094
    Residential 1-4 family construction $93,945
    Other construction, all land development and other land $89,149
    Loans secured by nonfarm nonresidential properties $203,069
    Nonfarm nonresidential secured by owner-occupied properties $67,165
    Commercial real estate & other non-farm, non-residential $135,904
    Multifamily residential real estate $19,494
    1-4 family residential loans $112,128
    Farmland loans $24,152
    Loans held in foreign offices $0
    Farm loans $4,656
    Commercial and industrial loans $113,590
    To non-U.S. addressees $0
    Loans to individuals $26,281
    Credit card loans $0
    Related Plans $156
    Consumer Auto Loans $8,804
    Other loans to individuals $17,321
    All other loans & leases $674
    Loans to foreign governments and official institutions $0
    Other loans $93
    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 $13,819
    Non 1-4 family restructured loans & leases $12,680
    Total loans and leases (foreign) $0

    Security State Bank & Trust had $683,714,000 of loans outstanding in 2018. $541,937,000 of loans were in real estate loans. $183,094,000 of loans were in development loans. $19,494,000 of loans were in multifamily mortgage loans. $112,128,000 of loans were in 1-4 family mortgage loans. $4,656,000 of loans were in farm loans. $0 of loans were in credit card loans. $8,804,000 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 287 $71,788 $250,132
    Nonfarm, nonresidential loans - <$100k 57 $2,685 $47,105
    Nonfarm, nonresidential loans - $100-250k 86 $10,394 $120,860
    Nonfarm, nonresidential loans - $250k-1MM 144 $58,709 $407,701
    Commercial & Industrial, US addressed loans - <$1MM 1,695 $72,439 $42,737
    Commercial & Industrial, US addressed loans - <$100k 1,439 $39,021 $27,117
    Commercial & Industrial, US addressed loans - $100-250k 206 $19,268 $93,534
    Commercial & Industrial, US addressed loans - $250k-1MM 50 $14,150 $283,000
    Farmland loans - <$1MM 53 $6,669 $125,830
    Farmland loans - <$100k 16 $670 $41,875
    Farmland loans - $100-250k 21 $2,416 $115,048
    Farmland loans - $250k-1MM 16 $3,583 $223,938
    Agriculture operations loans - <$1MM 121 $2,575 $21,281
    Agriculture operations loans - <$100k 116 $2,092 $18,034
    Agriculture operations loans - $100-250k 4 $334 $83,500
    Agriculture operations loans - $250k-1MM 1 $149 $149,000