Cross Keys Bank Mortgage Rates, Fees & Info

Saint Joseph, LA

LEI: 5493001WL16YUSR2TI47

Tax ID: 72-0125055

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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 an average proportion of FHA loans. Their top markets by origination volume include: Monroe, Shreveport, Ruston, Crestview, and Minden among others. We have data for 27 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 an above average pick rate when compared to similar lenders. Cross Keys Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.39% 12/16/24
    30 Year Conventional Refi 6.16% 12/16/24
    30 Year Cash-out Refi 6.62% 12/16/24
    30 Year FHA Purchase 7.07% 12/16/24
    30 Year FHA Refi 6.97% 12/16/24
    30 Year VA Purchase 6.17% 12/16/24
    30 Year USDA Purchase 6.51% 12/16/24
    15 Year Conventional Purchase 5.95% 12/16/24
    15 Year Conventional Refi 5.95% 12/16/24
    15 Year Cash-out Refi 5.95% 12/16/24
    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

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

    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

    589

    Origination Dollar Volume (All Markets)

    $127,685,000

    Employee count

    90 Show all (14) awards

    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) 214 $47,690,000 $222,850 $4,005 3.04%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 140 $35,850,000 $256,071 $4,302 2.95%
    Outside of Metro Areas 185 $31,285,000 $169,108 $3,398 3.19%
    Ruston, LA (FHA|USDA|VA) 14 $2,910,000 $207,857 $4,228 3.14%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,265,000 $1,265,000 $0 4.75%
    Minden, LA (FHA|USDA|VA) 7 $1,105,000 $157,857 $3,401 3.05%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $960,000 $480,000 $4,614 2.87%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $935,000 $311,667 $3,427 2.75%
    Breckenridge, CO (FHA|USDA|VA) 2 $930,000 $465,000 $3,606 2.93%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $600,000 $300,000 $2,691 3.38%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $475,000 $475,000 $3,030 3.63%
    ROANOKE, VA (FHA|USDA|VA) 1 $465,000 $465,000 $3,448 2.75%
    HAMMOND, LA (FHA|USDA|VA) 1 $425,000 $425,000 $4,102 2.49%
    TYLER, TX (FHA|USDA|VA) 1 $415,000 $415,000 $2,844 2.88%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $290,000 $145,000 $3,269 2.25%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $245,000 $245,000 $2,876 2.88%
    ALEXANDRIA, LA (FHA|USDA|VA) 2 $230,000 $115,000 $3,366 2.75%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,727 1.99%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $215,000 $215,000 $2,474 4.10%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $215,000 $215,000 $334 2.50%
    Branson, MO (FHA|USDA|VA) 1 $175,000 $175,000 $3,038 3.88%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,047 2.88%
    Morgan City, LA (FHA|USDA|VA) 1 $175,000 $175,000 $2,656 2.38%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,468 2.38%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $105,000 $105,000 $3,393 2.25%
    JACKSON, MS (FHA|USDA|VA) 1 $105,000 $105,000 $2,815 2.25%
    GADSDEN, AL (FHA|USDA|VA) 1 $85,000 $85,000 $2,506 4.75%
    Cross Keys Bank's top markets include Monroe, Shreveport, Ruston, Crestview, and Minden among others.

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

    Bossier Federal Credit Union
    Similarity Rank: 68
    CENTRIC
    Similarity Rank: 108
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 220
    Century Next Bank
    Similarity Rank: 391
    ANECA Federal Credit Union
    Similarity Rank: 890
    DSLD MORTGAGE, LLC
    Similarity Rank: 1440
    FBT Mortgage, L.L.C.
    Similarity Rank: 1620
    BARKSDALE
    Similarity Rank: 2640
    Home Federal Bank
    Similarity Rank: 3024
    Cross Keys Bank
    Similarity Rank: 3375

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 464 $104,990,000 $226,272 $3,331 3.17%
    FHA 52 $8,990,000 $172,885 $6,411 2.69%
    USDA 49 $8,115,000 $165,612 $5,176 2.61%
    VA 24 $5,590,000 $232,917 $4,472 2.69%

    For 2021, Cross Keys Bank's most frequently originated type of loan was Conventional, with 464 originations. Their 2nd most popular type was FHA, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 319 $69,135,000 $216,724 $4,447 3.02%
    Refi 180 $39,290,000 $218,278 $2,904 3.23%
    Cash Out Refi 83 $18,075,000 $217,771 $3,520 2.71%
    Other 4 $890,000 $222,500 $2,631 4.22%
    Home Improvement 3 $295,000 $98,333 $1,562 5.02%

    For 2021, Cross Keys Bank's most frequently cited loan purpose was Home Purchase, with 319 originations. The 2nd most popular reason was Refi, with 180 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 381 $83,905,000 $220,223 $4,238 2.84%
    15 Year 68 $14,010,000 $206,029 $3,321 2.31%
    Other 38 $8,630,000 $227,105 $2,360 4.81%
    5 Year 34 $6,260,000 $184,118 $407 4.95%
    20 Year 32 $9,100,000 $284,375 $3,314 2.71%
    10 Year 24 $3,270,000 $136,250 $2,859 2.99%
    1 Year 11 $2,385,000 $216,818 $4,373 4.65%
    3 Year 1 $125,000 $125,000 $0 4.35%

    For 2021, Cross Keys Bank's most frequently cited loan duration was 30 Year, with 381 originations. The 2nd most popular length was 15 Year, with 68 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 475 $102,305,000 $215,379
    $<1k 60 $8,370,000 $139,500
    $2k-3k 11 $4,395,000 $399,545
    $3k-4k 4 $1,220,000 $305,000
    $4k-5k 1 $405,000 $405,000

    Cross Keys Bank's average total fees were $4,238, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 475 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 241 $53,935,000 $223,797
    <2.5% 181 $39,465,000 $218,039
    3-4% 76 $15,510,000 $204,079
    4-5% 66 $17,550,000 $265,909
    5-6% 15 $935,000 $62,333
    6-7% 10 $290,000 $29,000

    During 2021, Cross Keys Bank's average interest rate for loans was 2.84%, while their most frequently originated rate bucket for loans was 2.5-3%, with 241 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 245 $36,845,000 $150,388 $3,793 2.87%
    $200k-400k 188 $50,330,000 $267,713 $4,213 2.81%
    $100,000 or less 92 $5,980,000 $65,000 $2,457 4.08%
    $400k-600k 57 $26,755,000 $469,386 $4,523 2.93%
    $600k-1MM 4 $3,120,000 $780,000 $6,628 4.23%
    $1MM+ 3 $4,655,000 $1,551,667 $0 4.13%

    2021 saw Cross Keys Bank place emphasis on $100k-200k loans with 245 originations, totaling $36,845,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 129 $22,895,000 $177,481 $4,107 2.89%
    $100k-150k 119 $30,235,000 $254,076 $3,825 2.90%
    $50k or less 114 $14,490,000 $127,105 $3,664 3.08%
    $75k-100k 103 $20,735,000 $201,311 $3,969 2.98%
    $150k-250k 61 $18,685,000 $306,311 $3,713 3.02%
    $250k+ 37 $11,405,000 $308,243 $3,436 3.52%

    Cross Keys Bank lent most frequently to those with incomes in the $50k-75k range, with 129 originations. The second most popular income band? $100k-150k, with 119 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 151 $28,385,000 $187,980 $3,425 3.01%
    30-36% 113 $24,575,000 $217,478 $4,094 2.85%
    <20% 66 $12,630,000 $191,364 $3,098 3.45%
    37% 22 $5,270,000 $239,545 $4,067 3.08%
    44% 21 $4,805,000 $228,810 $3,901 2.78%
    41% 20 $4,240,000 $212,000 $3,881 2.87%
    36% 19 $4,165,000 $219,211 $3,971 2.92%
    38% 19 $4,945,000 $260,263 $4,180 2.89%
    39% 17 $4,255,000 $250,294 $4,725 2.67%
    42% 16 $3,410,000 $213,125 $3,838 3.01%
    50-60% 15 $2,445,000 $163,000 $5,432 3.28%
    40% 14 $3,300,000 $235,714 $3,988 2.74%
    43% 14 $2,610,000 $186,429 $4,084 2.77%
    48% 13 $3,255,000 $250,385 $5,044 2.83%
    45% 12 $2,410,000 $200,833 $4,602 2.70%
    49% 10 $2,180,000 $218,000 $4,152 2.86%
    47% 9 $2,315,000 $257,222 $3,391 2.74%
    46% 5 $1,365,000 $273,000 $3,883 3.40%
    >60% 1 $345,000 $345,000 $3,215 4.19%

    Cross Keys Bank lent most frequently to those with DTI ratios of 20-30%, with 151 originations. The next most common DTI ratio? 30-36%, with 113 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 506 $108,360,000 $214,150 $3,816 2.99%
    Not applicable 23 $8,715,000 $378,913 $0 4.55%
    Black 37 $5,765,000 $155,811 $3,914 3.30%
    Asian 9 $1,805,000 $200,556 $3,848 2.83%
    Not provided 7 $1,365,000 $195,000 $4,495 2.75%
    Other Asian 3 $875,000 $291,667 $4,619 2.92%
    American Indian 3 $695,000 $231,667 $4,025 2.88%
    Native Hawaiian or Islander 1 $105,000 $105,000 $3,143 2.88%

    Approval Rates

    Total approvals of all applications
    92.12%

    Cross Keys Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.15%

    Cross Keys Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 589 $127,685,000 $216,783

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    589 $127,685,000 $216,783

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $3,390,000 $113,000 $2,386 3.80%
    40-60% 78 $16,890,000 $216,538 $3,225 3.05%
    60-80% 187 $43,945,000 $235,000 $3,456 3.00%
    80-100% 267 $59,215,000 $221,779 $4,307 2.96%
    Over 100% 17 $3,635,000 $213,824 $6,151 2.70%
    Under 20% 9 $605,000 $67,222 $1,053 5.24%

    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 $43,798
    Cross Keys Bank 1401 Hudson Lane Monroe, LA 71201 Full Service B&M $98,608
    Cross Keys Bank 167 Keystone Road Monroe, LA 71203 Full Service B&M $38,110
    Cross Keys Bank 1913 Julia St Rayville, LA 71269 Full Service B&M $40,566
    Cross Keys Bank 307 Plank Rd. Saint Joseph, LA 71366 Full Service B&M $78,085
    Cross Keys Bank 400 Mcmillan Road West Monroe, LA 71291 Full Service B&M $52,374
    Cross Keys Bank 4855 Line Avenue Shreveport, LA 71106 Full Service B&M $24,501

    For 2021, Cross Keys Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,315
    Net interest income $16,215
    Total noninterest income $7,202
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $847
    Trading account gains and fees $0
    Additional Noninterest Income $6,355
    Pre-tax net operating income $8,404
    Securities gains (or losses, -) $87
    Income before extraordinary items $8,491
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,491
    Minority interest net income $0
    Net income $8,491
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,404

    Cross Keys Bank's gross interest income from loans was $17,315,000.
    Cross Keys Bank's net interest income from loans was $16,215,000.
    Cross Keys Bank's fee based income from loans was $847,000.
    Cross Keys Bank's net income from loans was $8,491,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,100
    Provision for credit losses $75
    Total noninterest expense $14,938
    Salaries and employee benefits $9,835
    Premises and equipment expense $1,428
    Additional noninterest expense $3,675
    Applicable income taxes $0
    Net charge-offs $707
    Cash dividends $5,000

    Cross Keys Bank's interest expense for loans was $1,100,000.
    Cross Keys Bank's payroll and benefits expense were $9,835,000.
    Cross Keys Bank's property, plant and equipment expenses $1,428,000.

    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 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 $397,937
    Deposits held in domestic offices $397,937
    Deposits by Individuals, partnerships, and corporations $327,477
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $58,990
    Deposits by Commercial banks and other depository institutions in U.S. $11,470
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $197,477
    Demand deposits $121,567
    Nontransaction accounts $200,460
    Money market deposit accounts (MMDAs) $66,577
    Other savings deposits (excluding MMDAs) $52,042
    Total time deposits $81,840
    Total time and savings deposits $276,370
    Noninterest-bearing deposits $121,764
    Interest-bearing deposits $276,173
    Retail deposits $371,600
    IRAs and Keogh plan accounts $7,045
    Brokered deposits $370
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $477,500
    Cash & Balances due from depository institutions $25,139
    Interest-bearing balances $16,161
    Total securities $179,315
    Federal funds sold & reverse repurchase $0
    Net loans and leases $246,039
    Loan and leases loss allowance $1,881
    Trading account assets $0
    Bank premises and fixed assets $8,215
    Other real estate owned $396
    Goodwill and other intangibles $207
    All other assets $18,189

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $477,500
    Total Liabilities $425,183
    Total deposits $397,937
    Interest-bearing deposits $276,173
    Deposits held in domestic offices $397,937
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $3,381
    Trading liabilities $0
    Other borrowed funds $21,196
    Subordinated debt $0
    All other liabilities $2,669

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $246,039
    Loan and leases loss allowance $1,881
    Total loans and leases (domestic) $247,920
    All real estate loans $195,903
    Real estate loans in domestic offices $195,903
    Construction and development loans $35,284
    Residential 1-4 family construction $12,244
    Other construction, all land development and other land $23,040
    Loans secured by nonfarm nonresidential properties $79,540
    Nonfarm nonresidential secured by owner-occupied properties $29,688
    Commercial real estate & other non-farm, non-residential $49,852
    Multifamily residential real estate $2,024
    1-4 family residential loans $63,191
    Farmland loans $15,864
    Loans held in foreign offices $0
    Farm loans $9,705
    Commercial and industrial loans $30,357
    To non-U.S. addressees $0
    Loans to individuals $3,159
    Credit card loans $0
    Related Plans $45
    Consumer Auto Loans $869
    Other loans to individuals $2,245
    All other loans & leases $8,796
    Loans to foreign governments and official institutions $0
    Other loans $30
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $8,953
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,446
    Non 1-4 family restructured loans & leases $853
    Total loans and leases (foreign) $0

    Cross Keys Bank had $246,039,000 of loans outstanding in 2021. $195,903,000 of loans were in real estate loans. $35,284,000 of loans were in development loans. $2,024,000 of loans were in multifamily mortgage loans. $63,191,000 of loans were in 1-4 family mortgage loans. $9,705,000 of loans were in farm loans. $0 of loans were in credit card loans. $869,000 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 $22,679 $182,895
    Nonfarm, nonresidential loans - <$100k 39 $1,425 $36,538
    Nonfarm, nonresidential loans - $100-250k 42 $5,071 $120,738
    Nonfarm, nonresidential loans - $250k-1MM 43 $16,183 $376,349
    Commercial & Industrial, US addressed loans - <$1MM 393 $20,855 $53,066
    Commercial & Industrial, US addressed loans - <$100k 315 $6,797 $21,578
    Commercial & Industrial, US addressed loans - $100-250k 48 $5,635 $117,396
    Commercial & Industrial, US addressed loans - $250k-1MM 30 $8,423 $280,767
    Farmland loans - <$1MM 38 $3,263 $85,868
    Farmland loans - <$100k 22 $931 $42,318
    Farmland loans - $100-250k 9 $1,095 $121,667
    Farmland loans - $250k-1MM 7 $1,237 $176,714
    Agriculture operations loans - <$1MM 98 $4,320 $44,082
    Agriculture operations loans - <$100k 61 $1,339 $21,951
    Agriculture operations loans - $100-250k 21 $1,985 $94,524
    Agriculture operations loans - $250k-1MM 16 $996 $62,250