Crossfirst Bank Mortgage Rates, Fees & Info

Leawood, KS

LEI: 5493005XMSZYL5SAEF41

Tax ID: 20-5104953

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Mortgage Data

Bank Data

Review & Overview

Crossfirst Bank is a smaller bank specializing in Home Purchase and Refi loans. Crossfirst Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Dallas, Wichita, Oklahoma City, and Tulsa among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

Crossfirst 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.

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Originations

195

Origination Dollar Volume (All Markets)

$219,775,000

Employee count

351

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
KANSAS CITY, MO-KS (FHA|USDA|VA) 47 $66,515,000 $1,415,213 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 18 $44,590,000 $2,477,222 $0 0.00%
WICHITA, KS (FHA|USDA|VA) 40 $25,570,000 $639,250 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 34 $18,020,000 $530,000 $0 0.00%
TULSA, OK (FHA|USDA|VA) 27 $17,865,000 $661,667 $0 0.00%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $17,285,000 $17,285,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $8,740,000 $2,185,000 $0 0.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $7,905,000 $7,905,000 $0 0.00%
Outside of Metro Areas 5 $3,515,000 $703,000 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $1,965,000 $1,965,000 $0 0.00%
Heber, UT (FHA|USDA|VA) 1 $1,545,000 $1,545,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $755,000 $755,000 $0 0.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $665,000 $665,000 $0 0.00%
FORT COLLINS, CO (FHA|USDA|VA) 1 $665,000 $665,000 $0 0.00%
LAWRENCE, KS (FHA|USDA|VA) 2 $660,000 $330,000 $0 0.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $625,000 $625,000 $0 0.00%
Bartlesville, OK (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $540,000 $270,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
COLUMBIA, MO (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
McAlester, OK (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Warrensburg, MO (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Crossfirst Bank's top markets include Kansas City, Dallas, Wichita, Oklahoma City, and Tulsa among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 195 $219,775,000 $1,127,051 $0 0.00%

    For 2019, Crossfirst Bank's most frequently originated type of loan was Conventional, with 195 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 130 $154,800,000 $1,190,769 $0 0.00%
    Refi 49 $59,595,000 $1,216,224 $0 0.00%
    Other 14 $3,590,000 $256,429 $0 0.00%
    Home Improvement 2 $1,790,000 $895,000 $0 0.00%

    For 2019, Crossfirst Bank's most frequently cited loan purpose was Home Purchase, with 130 originations. The 2nd most popular reason was Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 195 $219,775,000 $1,127,051 $0 0.00%

    For 2019, Crossfirst Bank's most frequently cited loan duration was Other, with 195 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 53 $172,895,000 $3,262,170 $0 0.00%
    $200k-400k 43 $11,675,000 $271,512 $0 0.00%
    $100k-200k 35 $5,045,000 $144,143 $0 0.00%
    $400k-600k 24 $11,900,000 $495,833 $0 0.00%
    $600k-1MM 23 $16,985,000 $738,478 $0 0.00%
    $100,000 or less 17 $1,275,000 $75,000 $0 0.00%

    2019 saw Crossfirst Bank place emphasis on $1MM+ loans with 53 originations, totaling $172,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 96 $99,090,000 $1,032,188 $0 0.00%
    $150k-250k 31 $12,835,000 $414,032 $0 0.00%
    $100k-150k 16 $4,150,000 $259,375 $0 0.00%
    $75k-100k 8 $1,480,000 $185,000 $0 0.00%
    $50k-75k 6 $1,010,000 $168,333 $0 0.00%
    $50k or less 2 $190,000 $95,000 $0 0.00%

    Crossfirst Bank lent most frequently to those with incomes in the $250k+ range, with 96 originations. The second most popular income band? $150k-250k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 195 $219,775,000 $1,127,051 $0 0.00%

    Crossfirst Bank lent most frequently to those with DTI ratios of Exempt%, with 195 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 34 $100,740,000 $2,962,941 $0 0.00%
    Not provided 96 $67,260,000 $700,625 $0 0.00%
    White 60 $49,190,000 $819,833 $0 0.00%
    Asian 2 $1,490,000 $745,000 $0 0.00%
    American Indian 3 $1,095,000 $365,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.34%

    Crossfirst Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    85.64%

    Crossfirst Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 195 $219,775,000 $1,127,051

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $93,065,000 $13,295,000
    Single Family (1-4 Units):Site-Built 188 $126,710,000 $673,989

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    CrossFirst Bank 11440 Tomahawk Creek Parkway Leawood, KS 66211 Full Service B&M $58,856
    CrossFirst Bank 2021 Mckinney Avenue, Suite 800 Dallas, TX 75201 Full Service B&M $403,811
    CrossFirst Bank 4435 Main Street Kansas City, MO 64111 Full Service B&M $145,480
    CrossFirst Bank 4707 West 135th Street Leawood, KS 66224 Full Service B&M $1,537,644
    CrossFirst Bank 5001 Gaillardia Corporate Place Oklahoma City, OK 73142 Full Service B&M $355,377
    CrossFirst Bank 7120 South Lewis Avenue Tulsa, OK 74136 Full Service B&M $575,902
    CrossFirst Bank 9451 East 13th Street North Wichita, KS 67206 Full Service B&M $518,081

    For 2019, Crossfirst Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $216,214
    Net interest income $141,588
    Total noninterest income $7,673
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $604
    Trading account gains and fees $16
    Additional Noninterest Income $7,053
    Pre-tax net operating income $31,969
    Securities gains (or losses, -) $1,049
    Income before extraordinary items $28,814
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $28,814
    Minority interest net income $0
    Net income $28,814
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $27,901

    Crossfirst Bank's gross interest income from loans was $216,214,000.
    Crossfirst Bank's net interest income from loans was $141,588,000.
    Crossfirst Bank's fee based income from loans was $604,000.
    Crossfirst Bank's net income from loans was $28,814,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $74,626
    Provision for credit losses $29,900
    Total noninterest expense $87,392
    Salaries and employee benefits $52,530
    Premises and equipment expense $9,565
    Additional noninterest expense $25,297
    Applicable income taxes $4,204
    Net charge-offs $10,830
    Cash dividends $175

    Crossfirst Bank's interest expense for loans was $74,626,000.
    Crossfirst Bank's payroll and benefits expense were $52,530,000.
    Crossfirst Bank's property, plant and equipment expenses $9,565,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 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 $3,977,107
    Deposits held in domestic offices $3,977,107
    Deposits by Individuals, partnerships, and corporations $3,558,497
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $110,154
    Deposits by Commercial banks and other depository institutions in U.S. $308,455
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $835,106
    Demand deposits $744,712
    Nontransaction accounts $3,142,001
    Money market deposit accounts (MMDAs) $1,902,752
    Other savings deposits (excluding MMDAs) $0
    Total time deposits $1,239,249
    Total time and savings deposits $3,232,395
    Noninterest-bearing deposits $575,671
    Interest-bearing deposits $3,401,436
    Retail deposits $3,215,633
    IRAs and Keogh plan accounts $59,918
    Brokered deposits $471,774
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,929,892
    Cash & Balances due from depository institutions $187,320
    Interest-bearing balances $156,467
    Total securities $741,634
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,795,348
    Loan and leases loss allowance $56,896
    Trading account assets $9,838
    Bank premises and fixed assets $69,182
    Other real estate owned $3,619
    Goodwill and other intangibles $7,694
    All other assets $115,257

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,929,892
    Total Liabilities $4,378,808
    Total deposits $3,977,107
    Interest-bearing deposits $3,401,436
    Deposits held in domestic offices $3,977,107
    % insured (estimated) $53
    Federal funds purchased and repurchase agreements $14,921
    Trading liabilities $9,907
    Other borrowed funds $358,743
    Subordinated debt $0
    All other liabilities $18,130

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,795,348
    Loan and leases loss allowance $56,896
    Total loans and leases (domestic) $3,852,244
    All real estate loans $2,074,527
    Real estate loans in domestic offices $2,074,527
    Construction and development loans $628,418
    Residential 1-4 family construction $152,364
    Other construction, all land development and other land $476,054
    Loans secured by nonfarm nonresidential properties $1,016,509
    Nonfarm nonresidential secured by owner-occupied properties $289,048
    Commercial real estate & other non-farm, non-residential $727,461
    Multifamily residential real estate $83,260
    1-4 family residential loans $338,814
    Farmland loans $7,526
    Loans held in foreign offices $0
    Farm loans $331
    Commercial and industrial loans $1,737,265
    To non-U.S. addressees $0
    Loans to individuals $20,540
    Credit card loans $0
    Related Plans $75
    Consumer Auto Loans $16
    Other loans to individuals $20,449
    All other loans & leases $29,044
    Loans to foreign governments and official institutions $0
    Other loans $29,044
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $68,059
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $11,057
    Non 1-4 family restructured loans & leases $11,057
    Total loans and leases (foreign) $0

    CrossFirst Bank had $3,795,348,000 of loans outstanding in 2019. $2,074,527,000 of loans were in real estate loans. $628,418,000 of loans were in development loans. $83,260,000 of loans were in multifamily mortgage loans. $338,814,000 of loans were in 1-4 family mortgage loans. $331,000 of loans were in farm loans. $0 of loans were in credit card loans. $16,000 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 179 $70,147 $391,883
    Nonfarm, nonresidential loans - <$100k 17 $882 $51,882
    Nonfarm, nonresidential loans - $100-250k 31 $4,205 $135,645
    Nonfarm, nonresidential loans - $250k-1MM 131 $65,060 $496,641
    Commercial & Industrial, US addressed loans - <$1MM 856 $130,510 $152,465
    Commercial & Industrial, US addressed loans - <$100k 304 $8,030 $26,414
    Commercial & Industrial, US addressed loans - $100-250k 227 $22,388 $98,626
    Commercial & Industrial, US addressed loans - $250k-1MM 325 $100,092 $307,975
    Farmland loans - <$1MM 8 $2,087 $260,875
    Farmland loans - <$100k 2 $75 $37,500
    Farmland loans - $100-250k 1 $204 $204,000
    Farmland loans - $250k-1MM 5 $1,808 $361,600
    Agriculture operations loans - <$1MM 2 $331 $165,500
    Agriculture operations loans - <$100k 1 $35 $35,000
    Agriculture operations loans - $250k-1MM 1 $296 $296,000