Security State Bank & Trust Mortgage Rates, Fees & Info
Fredericksburg, TXLEI: 549300KLIO6FT2J64B78
Tax ID: 74-0890992
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Security State Bank & Trust is a smaller bank specializing in Home Purchase loans. Security State Bank & Trust has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Austin, Fredericksburg, San Antonio, Dallas, and Kerrville among others. We have data for 19 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.61% | 4/21/24 |
| 30 Year Conventional Refi | 6.87% | 4/21/24 |
| 30 Year FHA Purchase | 7.52% | 4/21/24 |
| 30 Year VA Purchase | 6.52% | 4/21/24 |
| 30 Year VA Refi | 6.58% | 4/21/24 |
| 30 Year USDA Purchase | 6.31% | 4/21/24 |
| 15 Year Conventional Purchase | 8.33% | 4/21/24 |
| 15 Year Conventional Refi | 6.66% | 4/21/24 |
| 15 Year Cash-out Refi | 6.66% | 4/21/24 |
| 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
484Origination Dollar Volume (All Markets)
$171,640,000Employee count
309Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 139 | $43,355,000 | $311,906 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 56 | $30,930,000 | $552,321 | $0 | 0.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 68 | $30,730,000 | $451,912 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 85 | $27,365,000 | $321,941 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 27 | $14,335,000 | $530,926 | $0 | 0.00% |
| Kerrville, TX (FHA|USDA|VA) | 76 | $13,460,000 | $177,105 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 5 | $2,495,000 | $499,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $2,445,000 | $489,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 6 | $2,090,000 | $348,333 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $0 | 0.00% |
| Brownwood, TX (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Security State Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 636
Similarity Rank: 704
Similarity Rank: 924
Similarity Rank: 1408
Similarity Rank: 1866
Similarity Rank: 2220
Similarity Rank: 2220
Similarity Rank: 2715
Similarity Rank: 3232
Similarity Rank: 3304
Product Mix
For 2021, Security State Bank & Trust's most frequently originated type of loan was Conventional, with 473 originations. Their 2nd most popular type was FHA, with 6 originations.
Loan Reason
For 2021, Security State Bank & Trust's most frequently cited loan purpose was Home Purchase, with 239 originations. The 2nd most popular reason was Refi, with 112 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 484 | $171,640,000 | $354,628 | $0 | 0.00% |
For 2021, Security State Bank & Trust's most frequently cited loan duration was Other, with 484 originations.
Loan Sizing
2021 saw Security State Bank & Trust place emphasis on $200k-400k loans with 178 originations, totaling $51,300,000 in origination value.
Applicant Income
Security State Bank & Trust lent most frequently to those with incomes in the $150k-250k range, with 113 originations. The second most popular income band? $100k-150k, with 82 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 484 | $171,640,000 | $354,628 | $0 | 0.00% |
Security State Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 484 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.08%
Security State Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination83.26%
Security State Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 484 | $171,640,000 | $354,628 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Security National Financial Corp | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| Security National Financial Corp | Conventional home mortgage | Closing on a mortgage | 1 | 7.1% |
| Security National Financial Corp | Conventional home mortgage | Incorrect information on your report | 1 | 7.1% |
| Security National Financial Corp | Conventional home mortgage | Trouble during payment process | 5 | 35.7% |
| Security National Financial Corp | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| Security National Financial Corp | FHA mortgage | Trouble during payment process | 2 | 14.3% |
| Security National Financial Corp | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 14.3% |
| Security National Financial Corp | VA mortgage | Closing on a mortgage | 1 | 7.1% |
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 | $53,863 |
| 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 | $216,138 |
| Security State Bank & Trust | 11610 Bee Caves Rd Ste 100 Bee Cave, TX 78738 | Full Service B&M | $28,312 |
| Security State Bank & Trust | 1500 Hwy 290 West Dripping Springs, TX 78620 | Full Service B&M | $27,495 |
| Security State Bank & Trust | 15050 Texas 29 Liberty Hill, TX 78642 | Full Service Retail | $834 |
| Security State Bank & Trust | 18125 Fm 306 Canyon Lake, TX 78133 | Full Service B&M | $40,937 |
| Security State Bank & Trust | 201 West Main Street Fredericksburg, TX 78624 | Full Service B&M | $392,300 |
| 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 | $47,439 |
| 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 | $48,473 |
| Security State Bank & Trust | 3131 Bulverde Road Bulverde, TX 78163 | Full Service B&M | $52,072 |
| Security State Bank & Trust | 3241 Junction Highway Ingram, TX 78025 | Full Service B&M | $47,273 |
| Security State Bank & Trust | 3610 Pace Bend Rd. South Spicewood, TX 78669 | Full Service B&M | $62,146 |
| Security State Bank & Trust | 501 Landa Street New Braunfels, TX 78130 | Full Service B&M | $21,236 |
| Security State Bank & Trust | 607 Main Street Boerne, TX 78006 | Full Service B&M | $54,024 |
| Security State Bank & Trust | 608 Highway 281 North Marble Falls, TX 78654 | Full Service B&M | $143,223 |
| 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 | $74,740 |
| Security State Bank & Trust | 832 Front Street Comfort, TX 78013 | Full Service B&M | $39,013 |
For 2021, Security State Bank & Trust had 21 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $55,613 |
| Net interest income | $53,383 |
| Total noninterest income | $9,556 |
| Gross Fiduciary activities income | $1,298 |
| Service charges on deposit accounts | $1,908 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $6,350 |
| Pre-tax net operating income | $23,248 |
| Securities gains (or losses, -) | $-42 |
| Income before extraordinary items | $23,206 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $23,206 |
| Minority interest net income | $0 |
| Net income | $23,206 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $23,248 |
Security State Bank & Trust's gross interest income from loans was $55,613,000.
Security State Bank & Trust's net interest income from loans was $53,383,000.
Security State Bank & Trust's fee based income from loans was $1,908,000.
Security State Bank & Trust's net income from loans was $23,206,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,230 |
| Provision for credit losses | $439 |
| Total noninterest expense | $39,252 |
| Salaries and employee benefits | $26,613 |
| Premises and equipment expense | $3,770 |
| Additional noninterest expense | $8,869 |
| Applicable income taxes | $0 |
| Net charge-offs | $-22 |
| Cash dividends | $12,060 |
Security State Bank & Trust's interest expense for loans was $2,230,000.
Security State Bank & Trust's payroll and benefits expense were $26,613,000.
Security State Bank & Trust's property, plant and equipment expenses $3,770,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 3.0% |
| 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 | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 1.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $1,459,060 |
| Deposits held in domestic offices | $1,459,060 |
| Deposits by Individuals, partnerships, and corporations | $1,328,314 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $130,746 |
| 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 | $56,580 |
| Demand deposits | $16,382 |
| Nontransaction accounts | $1,402,480 |
| Money market deposit accounts (MMDAs) | $1,004,267 |
| Other savings deposits (excluding MMDAs) | $229,087 |
| Total time deposits | $169,126 |
| Total time and savings deposits | $1,442,678 |
| Noninterest-bearing deposits | $667,645 |
| Interest-bearing deposits | $791,415 |
| Retail deposits | $1,405,362 |
| IRAs and Keogh plan accounts | $13,691 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,673,145 |
| Cash & Balances due from depository institutions | $188,245 |
| Interest-bearing balances | $131,591 |
| Total securities | $411,487 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,005,036 |
| Loan and leases loss allowance | $5,981 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $18,698 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $49,679 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,673,145 |
| Total Liabilities | $1,506,331 |
| Total deposits | $1,459,060 |
| Interest-bearing deposits | $791,415 |
| Deposits held in domestic offices | $1,459,060 |
| % insured (estimated) | $67 |
| Federal funds purchased and repurchase agreements | $41,742 |
| Trading liabilities | $0 |
| Other borrowed funds | $2,291 |
| Subordinated debt | $0 |
| All other liabilities | $3,238 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,005,036 |
| Loan and leases loss allowance | $5,981 |
| Total loans and leases (domestic) | $1,011,017 |
| All real estate loans | $857,310 |
| Real estate loans in domestic offices | $857,310 |
| Construction and development loans | $372,358 |
| Residential 1-4 family construction | $125,126 |
| Other construction, all land development and other land | $247,232 |
| Loans secured by nonfarm nonresidential properties | $279,013 |
| Nonfarm nonresidential secured by owner-occupied properties | $93,603 |
| Commercial real estate & other non-farm, non-residential | $185,410 |
| Multifamily residential real estate | $25,878 |
| 1-4 family residential loans | $146,018 |
| Farmland loans | $34,043 |
| Loans held in foreign offices | $0 |
| Farm loans | $4,790 |
| Commercial and industrial loans | $126,554 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $21,769 |
| Credit card loans | $0 |
| Related Plans | $35 |
| Consumer Auto Loans | $7,054 |
| Other loans to individuals | $14,680 |
| All other loans & leases | $599 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $263 |
| 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 | $4,299 |
| Non 1-4 family restructured loans & leases | $4,100 |
| Total loans and leases (foreign) | $0 |
Security State Bank & Trust had $1,005,036,000 of loans outstanding in 2021. $857,310,000 of loans were in real estate loans. $372,358,000 of loans were in development loans. $25,878,000 of loans were in multifamily mortgage loans. $146,018,000 of loans were in 1-4 family mortgage loans. $4,790,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,054,000 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 | 295 | $73,436 | $248,936 |
| Nonfarm, nonresidential loans - <$100k | 47 | $1,636 | $34,809 |
| Nonfarm, nonresidential loans - $100-250k | 82 | $9,729 | $118,646 |
| Nonfarm, nonresidential loans - $250k-1MM | 166 | $62,071 | $373,922 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,249 | $51,832 | $41,499 |
| Commercial & Industrial, US addressed loans - <$100k | 1,048 | $19,983 | $19,068 |
| Commercial & Industrial, US addressed loans - $100-250k | 121 | $10,122 | $83,653 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 80 | $21,727 | $271,588 |
| Farmland loans - <$1MM | 46 | $9,751 | $211,978 |
| Farmland loans - <$100k | 11 | $420 | $38,182 |
| Farmland loans - $100-250k | 14 | $1,496 | $106,857 |
| Farmland loans - $250k-1MM | 21 | $7,835 | $373,095 |
| Agriculture operations loans - <$1MM | 124 | $3,415 | $27,540 |
| Agriculture operations loans - <$100k | 117 | $2,106 | $18,000 |
| Agriculture operations loans - $100-250k | 5 | $551 | $110,200 |
| Agriculture operations loans - $250k-1MM | 2 | $758 | $379,000 |