Cross Keys Bank Mortgage Rates, Fees & Info

Saint Joseph, LA

LEI: 5493001WL16YUSR2TI47

Tax ID: 72-0125055

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Mortgage Data

Bank Data

Review & Overview

Cross Keys Bank is a smaller bank specializing in Refi and Home Purchase loans. Cross Keys Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Monroe, Shreveport, Houston, Los Angeles, and Ruston among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cross Keys Bank 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 6.39% 3/28/24
30 Year Conventional Refi 6.16% 3/28/24
30 Year Cash-out Refi 6.62% 3/28/24
30 Year FHA Purchase 7.07% 3/28/24
30 Year FHA Refi 6.97% 3/28/24
30 Year VA Purchase 6.17% 3/28/24
30 Year USDA Purchase 6.51% 3/28/24
15 Year Conventional Purchase 5.95% 3/28/24
15 Year Conventional Refi 5.95% 3/28/24
15 Year Cash-out Refi 5.95% 3/28/24
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






Your Estimates

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This is not an official calculator from Cross Keys Bank. 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

650

Origination Dollar Volume (All Markets)

$157,340,000

Employee count

93

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
MONROE, LA (FHA|USDA|VA) 233 $56,075,000 $240,665 $0 0.00%
Outside of Metro Areas 213 $36,605,000 $171,854 $0 0.00%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 134 $33,760,000 $251,940 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $8,665,000 $2,888,333 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $7,315,000 $7,315,000 $0 0.00%
Ruston, LA (FHA|USDA|VA) 28 $5,020,000 $179,286 $0 0.00%
BATON ROUGE, LA (FHA|USDA|VA) 3 $1,735,000 $578,333 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $950,000 $237,500 $0 0.00%
LAFAYETTE, LA (FHA|USDA|VA) 4 $790,000 $197,500 $0 0.00%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $700,000 $350,000 $0 0.00%
McComb, MS (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
LONGVIEW, TX (FHA|USDA|VA) 2 $570,000 $285,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
ALEXANDRIA, LA (FHA|USDA|VA) 2 $480,000 $240,000 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
Natchez, MS-LA (FHA|USDA|VA) 4 $440,000 $110,000 $0 0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $295,000 $98,333 $0 0.00%
HAMMOND, LA (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
TYLER, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Nacogdoches, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
JACKSON, MS (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Minden, LA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
ABILENE, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Cross Keys Bank's top markets include Monroe, Shreveport, Houston, Los Angeles, and Ruston among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 493 $129,135,000 $261,937 $0 0.00%
    USDA 71 $9,845,000 $138,662 $0 0.00%
    FHA 48 $9,240,000 $192,500 $0 0.00%
    VA 38 $9,120,000 $240,000 $0 0.00%

    For 2020, Cross Keys Bank's most frequently originated type of loan was Conventional, with 493 originations. Their 2nd most popular type was USDA, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 318 $87,550,000 $275,314 $0 0.00%
    Home Purchase 257 $54,385,000 $211,615 $0 0.00%
    Cash Out Refi 72 $15,260,000 $211,944 $0 0.00%
    Other 3 $145,000 $48,333 $0 0.00%

    For 2020, Cross Keys Bank's most frequently cited loan purpose was Refi, with 318 originations. The 2nd most popular reason was Home Purchase, with 257 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 650 $157,340,000 $242,062 $0 0.00%

    For 2020, Cross Keys Bank's most frequently cited loan duration was Other, with 650 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 252 $37,430,000 $148,532 $0 0.00%
    $200k-400k 242 $66,220,000 $273,636 $0 0.00%
    $100,000 or less 112 $7,630,000 $68,125 $0 0.00%
    $400k-600k 33 $15,435,000 $467,727 $0 0.00%
    $1MM+ 6 $26,650,000 $4,441,667 $0 0.00%
    $600k-1MM 5 $3,975,000 $795,000 $0 0.00%

    2020 saw Cross Keys Bank place emphasis on $100k-200k loans with 252 originations, totaling $37,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 147 $34,595,000 $235,340 $0 0.00%
    $50k-75k 136 $23,230,000 $170,809 $0 0.00%
    $75k-100k 112 $22,520,000 $201,071 $0 0.00%
    $50k or less 98 $10,960,000 $111,837 $0 0.00%
    $150k-250k 74 $18,920,000 $255,676 $0 0.00%
    $250k+ 38 $10,710,000 $281,842 $0 0.00%

    Cross Keys Bank lent most frequently to those with incomes in the $100k-150k range, with 147 originations. The second most popular income band? $50k-75k, with 136 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 650 $157,340,000 $242,062 $0 0.00%

    Cross Keys Bank lent most frequently to those with DTI ratios of Exempt%, with 650 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 548 $111,890,000 $204,179 $0 0.00%
    Not applicable 31 $33,145,000 $1,069,194 $0 0.00%
    Black 52 $8,960,000 $172,308 $0 0.00%
    Asian 16 $2,750,000 $171,875 $0 0.00%
    Native Hawaiian or Islander 2 $530,000 $265,000 $0 0.00%
    Other Pacific Islander 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.65%

    Cross Keys Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.77%

    Cross Keys Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 650 $157,340,000 $242,062

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $1,760,000 $880,000
    Multifamily:Site-Built 7 $11,525,000 $1,646,429
    Single Family (1-4 Units):Manufactured 21 $1,985,000 $94,524
    Single Family (1-4 Units):Site-Built 620 $142,070,000 $229,145

    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 $39,499
    Cross Keys Bank 1401 Hudson Lane Monroe, LA 71201 Full Service B&M $88,684
    Cross Keys Bank 167 Keystone Road Monroe, LA 71203 Full Service B&M $36,710
    Cross Keys Bank 1913 Julia St Rayville, LA 71269 Full Service B&M $38,285
    Cross Keys Bank 307 Plank Rd. Saint Joseph, LA 71366 Full Service B&M $68,519
    Cross Keys Bank 400 Mcmillan Road West Monroe, LA 71291 Full Service B&M $43,426
    Cross Keys Bank 4855 Line Avenue Shreveport, LA 71106 Full Service B&M $27,237

    For 2020, Cross Keys Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,986
    Net interest income $14,630
    Total noninterest income $5,873
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $884
    Trading account gains and fees $0
    Additional Noninterest Income $4,989
    Pre-tax net operating income $4,584
    Securities gains (or losses, -) $16
    Income before extraordinary items $4,600
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,600
    Minority interest net income $0
    Net income $4,600
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,584

    Cross Keys Bank's gross interest income from loans was $16,986,000.
    Cross Keys Bank's net interest income from loans was $14,630,000.
    Cross Keys Bank's fee based income from loans was $884,000.
    Cross Keys Bank's net income from loans was $4,600,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,356
    Provision for credit losses $2,248
    Total noninterest expense $13,671
    Salaries and employee benefits $8,773
    Premises and equipment expense $1,439
    Additional noninterest expense $3,459
    Applicable income taxes $0
    Net charge-offs $1,476
    Cash dividends $2,800

    Cross Keys Bank's interest expense for loans was $2,356,000.
    Cross Keys Bank's payroll and benefits expense were $8,773,000.
    Cross Keys Bank's property, plant and equipment expenses $1,439,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    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 $363,411
    Deposits held in domestic offices $363,411
    Deposits by Individuals, partnerships, and corporations $297,795
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $57,378
    Deposits by Commercial banks and other depository institutions in U.S. $8,239
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $165,012
    Demand deposits $97,145
    Nontransaction accounts $198,400
    Money market deposit accounts (MMDAs) $64,440
    Other savings deposits (excluding MMDAs) $43,637
    Total time deposits $90,323
    Total time and savings deposits $266,267
    Noninterest-bearing deposits $97,852
    Interest-bearing deposits $265,559
    Retail deposits $333,486
    IRAs and Keogh plan accounts $7,038
    Brokered deposits $872
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $447,086
    Cash & Balances due from depository institutions $37,976
    Interest-bearing balances $28,921
    Total securities $128,888
    Federal funds sold & reverse repurchase $0
    Net loans and leases $258,837
    Loan and leases loss allowance $2,514
    Trading account assets $0
    Bank premises and fixed assets $8,174
    Other real estate owned $709
    Goodwill and other intangibles $207
    All other assets $12,295

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $447,085
    Total Liabilities $395,786
    Total deposits $363,411
    Interest-bearing deposits $265,559
    Deposits held in domestic offices $363,411
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $3,083
    Trading liabilities $0
    Other borrowed funds $27,006
    Subordinated debt $0
    All other liabilities $2,286

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $258,837
    Loan and leases loss allowance $2,514
    Total loans and leases (domestic) $261,351
    All real estate loans $179,933
    Real estate loans in domestic offices $179,933
    Construction and development loans $32,271
    Residential 1-4 family construction $8,722
    Other construction, all land development and other land $23,549
    Loans secured by nonfarm nonresidential properties $63,558
    Nonfarm nonresidential secured by owner-occupied properties $26,699
    Commercial real estate & other non-farm, non-residential $36,859
    Multifamily residential real estate $7,273
    1-4 family residential loans $67,508
    Farmland loans $9,323
    Loans held in foreign offices $0
    Farm loans $11,298
    Commercial and industrial loans $58,652
    To non-U.S. addressees $0
    Loans to individuals $3,798
    Credit card loans $0
    Related Plans $37
    Consumer Auto Loans $994
    Other loans to individuals $2,767
    All other loans & leases $7,670
    Loans to foreign governments and official institutions $0
    Other loans $37
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $12,469
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,588
    Non 1-4 family restructured loans & leases $1,020
    Total loans and leases (foreign) $0

    Cross Keys Bank had $258,837,000 of loans outstanding in 2020. $179,933,000 of loans were in real estate loans. $32,271,000 of loans were in development loans. $7,273,000 of loans were in multifamily mortgage loans. $67,508,000 of loans were in 1-4 family mortgage loans. $11,298,000 of loans were in farm loans. $0 of loans were in credit card loans. $994,000 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 124 $20,034 $161,565
    Nonfarm, nonresidential loans - <$100k 50 $1,935 $38,700
    Nonfarm, nonresidential loans - $100-250k 40 $4,870 $121,750
    Nonfarm, nonresidential loans - $250k-1MM 34 $13,229 $389,088
    Commercial & Industrial, US addressed loans - <$1MM 521 $31,242 $59,965
    Commercial & Industrial, US addressed loans - <$100k 414 $8,986 $21,705
    Commercial & Industrial, US addressed loans - $100-250k 66 $8,057 $122,076
    Commercial & Industrial, US addressed loans - $250k-1MM 41 $14,199 $346,317
    Farmland loans - <$1MM 46 $4,382 $95,261
    Farmland loans - <$100k 26 $1,208 $46,462
    Farmland loans - $100-250k 12 $1,483 $123,583
    Farmland loans - $250k-1MM 8 $1,691 $211,375
    Agriculture operations loans - <$1MM 105 $4,199 $39,990
    Agriculture operations loans - <$100k 72 $1,617 $22,458
    Agriculture operations loans - $100-250k 16 $1,062 $66,375
    Agriculture operations loans - $250k-1MM 17 $1,520 $89,412