Cross Keys Bank Mortgage Rates, Fees & Info
Saint Joseph, LALEI: 5493001WL16YUSR2TI47
Tax ID: 72-0125055
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Bank Data
Review & Overview
Cross Keys Bank is a smaller bank specializing in Home Purchase and Refi loans. Cross Keys Bank 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.) Their top markets by origination volume include: Monroe, Shreveport, Baton Rouge, Lafayette, and Vicksburg among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Cross Keys 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.
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 | 6.39% | 4/21/24 |
| 30 Year Conventional Refi | 6.16% | 4/21/24 |
| 30 Year Cash-out Refi | 6.62% | 4/21/24 |
| 30 Year FHA Purchase | 7.07% | 4/21/24 |
| 30 Year FHA Refi | 6.97% | 4/21/24 |
| 30 Year VA Purchase | 6.17% | 4/21/24 |
| 30 Year USDA Purchase | 6.51% | 4/21/24 |
| 15 Year Conventional Purchase | 5.95% | 4/21/24 |
| 15 Year Conventional Refi | 5.95% | 4/21/24 |
| 15 Year Cash-out Refi | 5.95% | 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. | ||
Cross Keys Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
164Origination Dollar Volume (All Markets)
$32,060,000Employee count
91Top 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 |
|---|---|---|---|---|---|
| MONROE, LA (FHA|USDA|VA) | 61 | $14,225,000 | $233,197 | $0 | 0.00% |
| Outside of Metro Areas | 68 | $8,090,000 | $118,971 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 24 | $6,470,000 | $269,583 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $1,995,000 | $665,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Vicksburg, MS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Cross Keys Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2019, Cross Keys Bank's most frequently originated type of loan was Conventional, with 104 originations. Their 2nd most popular type was USDA, with 53 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 101 | $15,735,000 | $155,792 | $0 | 0.00% |
| Refi | 61 | $16,265,000 | $266,639 | $0 | 0.00% |
| Home Improvement | 2 | $60,000 | $30,000 | $0 | 0.00% |
For 2019, Cross Keys Bank's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Refi, with 61 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 164 | $32,060,000 | $195,488 | $0 | 0.00% |
For 2019, Cross Keys Bank's most frequently cited loan duration was Other, with 164 originations.
Loan Sizing
2019 saw Cross Keys Bank place emphasis on $100,000 or less loans with 63 originations, totaling $3,585,000 in origination value.
Applicant Income
Cross Keys Bank lent most frequently to those with incomes in the $50k or less range, with 52 originations. The second most popular income band? $50k-75k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 164 | $32,060,000 | $195,488 | $0 | 0.00% |
Cross Keys Bank lent most frequently to those with DTI ratios of Exempt%, with 164 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.70%
Cross Keys Bank has a below average approval rate.
Pick Rate
Approvals leading to origination64.02%
Cross Keys Bank 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 | 164 | $32,060,000 | $195,488 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Cross Keys Bank | 115 North Chestnut Street Tallulah, LA 71282 | Full Service B&M | $36,056 |
| Cross Keys Bank | 1401 Hudson Lane Monroe, LA 71201 | Full Service B&M | $74,867 |
| Cross Keys Bank | 167 Keystone Road Monroe, LA 71203 | Full Service B&M | $32,317 |
| Cross Keys Bank | 1909 Louisa Street Rayville, LA 71269 | Full Service B&M | $24,272 |
| Cross Keys Bank | 307 Plank Rd. Saint Joseph, LA 71366 | Full Service B&M | $67,052 |
| Cross Keys Bank | 400 Mcmillan Road West Monroe, LA 71291 | Full Service B&M | $37,151 |
| Cross Keys Bank | 4855 Line Avenue Shreveport, LA 71106 | Full Service B&M | $23,029 |
For 2019, Cross Keys Bank had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $16,990 |
| Net interest income | $12,677 |
| Total noninterest income | $4,011 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,164 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,847 |
| Pre-tax net operating income | $3,797 |
| Securities gains (or losses, -) | $9 |
| Income before extraordinary items | $3,806 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,806 |
| Minority interest net income | $0 |
| Net income | $3,806 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,797 |
Cross Keys Bank's gross interest income from loans was $16,990,000.
Cross Keys Bank's net interest income from loans was $12,677,000.
Cross Keys Bank's fee based income from loans was $1,164,000.
Cross Keys Bank's net income from loans was $3,806,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,313 |
| Provision for credit losses | $1,409 |
| Total noninterest expense | $11,482 |
| Salaries and employee benefits | $6,877 |
| Premises and equipment expense | $1,310 |
| Additional noninterest expense | $3,295 |
| Applicable income taxes | $0 |
| Net charge-offs | $1,308 |
| Cash dividends | $1,800 |
Cross Keys Bank's interest expense for loans was $4,313,000.
Cross Keys Bank's payroll and benefits expense were $6,877,000.
Cross Keys Bank's property, plant and equipment expenses $1,310,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 2.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 2.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 11.0% |
| 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 | $322,141 |
| Deposits held in domestic offices | $322,141 |
| Deposits by Individuals, partnerships, and corporations | $267,970 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $54,171 |
| 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 | $139,217 |
| Demand deposits | $72,396 |
| Nontransaction accounts | $182,924 |
| Money market deposit accounts (MMDAs) | $52,104 |
| Other savings deposits (excluding MMDAs) | $27,286 |
| Total time deposits | $103,535 |
| Total time and savings deposits | $249,745 |
| Noninterest-bearing deposits | $72,876 |
| Interest-bearing deposits | $249,265 |
| Retail deposits | $292,497 |
| IRAs and Keogh plan accounts | $6,510 |
| Brokered deposits | $4,260 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $403,601 |
| Cash & Balances due from depository institutions | $48,808 |
| Interest-bearing balances | $37,257 |
| Total securities | $111,444 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $221,563 |
| Loan and leases loss allowance | $1,742 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,497 |
| Other real estate owned | $1,518 |
| Goodwill and other intangibles | $207 |
| All other assets | $11,564 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $403,601 |
| Total Liabilities | $356,136 |
| Total deposits | $322,141 |
| Interest-bearing deposits | $249,265 |
| Deposits held in domestic offices | $322,141 |
| % insured (estimated) | $72 |
| Federal funds purchased and repurchase agreements | $2,365 |
| Trading liabilities | $0 |
| Other borrowed funds | $28,911 |
| Subordinated debt | $0 |
| All other liabilities | $2,719 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $221,563 |
| Loan and leases loss allowance | $1,742 |
| Total loans and leases (domestic) | $223,305 |
| All real estate loans | $170,041 |
| Real estate loans in domestic offices | $170,041 |
| Construction and development loans | $32,260 |
| Residential 1-4 family construction | $2,521 |
| Other construction, all land development and other land | $29,739 |
| Loans secured by nonfarm nonresidential properties | $63,744 |
| Nonfarm nonresidential secured by owner-occupied properties | $23,394 |
| Commercial real estate & other non-farm, non-residential | $40,350 |
| Multifamily residential real estate | $5,405 |
| 1-4 family residential loans | $56,689 |
| Farmland loans | $11,943 |
| Loans held in foreign offices | $0 |
| Farm loans | $18,096 |
| Commercial and industrial loans | $25,864 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,778 |
| Credit card loans | $0 |
| Related Plans | $52 |
| Consumer Auto Loans | $895 |
| Other loans to individuals | $2,831 |
| All other loans & leases | $5,526 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $91 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $9,671 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,200 |
| Non 1-4 family restructured loans & leases | $1,104 |
| Total loans and leases (foreign) | $0 |
Cross Keys Bank had $221,563,000 of loans outstanding in 2019. $170,041,000 of loans were in real estate loans. $32,260,000 of loans were in development loans. $5,405,000 of loans were in multifamily mortgage loans. $56,689,000 of loans were in 1-4 family mortgage loans. $18,096,000 of loans were in farm loans. $0 of loans were in credit card loans. $895,000 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 | $21,100 | $157,463 |
| Nonfarm, nonresidential loans - <$100k | 59 | $2,079 | $35,237 |
| Nonfarm, nonresidential loans - $100-250k | 40 | $4,876 | $121,900 |
| Nonfarm, nonresidential loans - $250k-1MM | 35 | $14,145 | $404,143 |
| Commercial & Industrial, US addressed loans - <$1MM | 331 | $16,500 | $49,849 |
| Commercial & Industrial, US addressed loans - <$100k | 264 | $5,270 | $19,962 |
| Commercial & Industrial, US addressed loans - $100-250k | 41 | $3,481 | $84,902 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 26 | $7,749 | $298,038 |
| Farmland loans - <$1MM | 50 | $4,844 | $96,880 |
| Farmland loans - <$100k | 27 | $1,095 | $40,556 |
| Farmland loans - $100-250k | 14 | $1,553 | $110,929 |
| Farmland loans - $250k-1MM | 9 | $2,196 | $244,000 |
| Agriculture operations loans - <$1MM | 71 | $3,959 | $55,761 |
| Agriculture operations loans - <$100k | 46 | $1,040 | $22,609 |
| Agriculture operations loans - $100-250k | 13 | $989 | $76,077 |
| Agriculture operations loans - $250k-1MM | 12 | $1,930 | $160,833 |