Crossfirst Bank Mortgage Rates, Fees & Info
Leawood, KSLEI: 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 20 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
231Origination Dollar Volume (All Markets)
$247,165,000Employee count
318Top 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) | 77 | $107,925,000 | $1,401,623 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 30 | $61,990,000 | $2,066,333 | $0 | 0.00% |
| WICHITA, KS (FHA|USDA|VA) | 44 | $33,660,000 | $765,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 31 | $13,045,000 | $420,806 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 22 | $10,530,000 | $478,636 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $3,950,000 | $658,333 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $2,275,000 | $2,275,000 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $2,125,000 | $2,125,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,935,000 | $645,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $1,440,000 | $720,000 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $0 | 0.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $0 | 0.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| McAlester, OK (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 0.00% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| Emporia, KS (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 231 | $247,165,000 | $1,069,978 | $0 | 0.00% |
For 2020, Crossfirst Bank's most frequently originated type of loan was Conventional, with 231 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 114 | $141,380,000 | $1,240,175 | $0 | 0.00% |
| Refi | 102 | $98,270,000 | $963,431 | $0 | 0.00% |
| Other | 15 | $7,515,000 | $501,000 | $0 | 0.00% |
For 2020, Crossfirst Bank's most frequently cited loan purpose was Home Purchase, with 114 originations. The 2nd most popular reason was Refi, with 102 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 231 | $247,165,000 | $1,069,978 | $0 | 0.00% |
For 2020, Crossfirst Bank's most frequently cited loan duration was Other, with 231 originations.
Loan Sizing
2020 saw Crossfirst Bank place emphasis on $1MM+ loans with 69 originations, totaling $178,635,000 in origination value.
Applicant Income
Crossfirst Bank lent most frequently to those with incomes in the $250k+ range, with 125 originations. The second most popular income band? $150k-250k, with 40 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 231 | $247,165,000 | $1,069,978 | $0 | 0.00% |
Crossfirst Bank lent most frequently to those with DTI ratios of Exempt%, with 231 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.03%
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 origination74.89%
Crossfirst Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 231 | $247,165,000 | $1,069,978 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 6 | $75,710,000 | $12,618,333 |
| Single Family (1-4 Units):Site-Built | 225 | $171,455,000 | $762,022 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Crossfirst Bank | 11440 Tomahawk Creek Parkway Leawood, KS 66211 | Full Service B&M | $592,164 |
| Crossfirst Bank | 2021 Mckinney Avenue, Suite 800 Dallas, TX 75201 | Full Service B&M | $552,706 |
| Crossfirst Bank | 4435 Main Street Kansas City, MO 64111 | Full Service B&M | $524,623 |
| Crossfirst Bank | 4707 West 135th Street Leawood, KS 66224 | Full Service B&M | $1,019,701 |
| Crossfirst Bank | 5001 Gaillardia Corporate Place Oklahoma City, OK 73142 | Full Service B&M | $359,431 |
| Crossfirst Bank | 7120 South Lewis Avenue Tulsa, OK 74136 | Full Service B&M | $586,202 |
| Crossfirst Bank | 9451 East 13th Street North Wichita, KS 67206 | Full Service B&M | $721,863 |
For 2020, Crossfirst Bank had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $203,446 |
| Net interest income | $160,354 |
| Total noninterest income | $8,854 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $2,803 |
| Trading account gains and fees | $-290 |
| Additional Noninterest Income | $6,341 |
| Pre-tax net operating income | $14,829 |
| Securities gains (or losses, -) | $1,751 |
| Income before extraordinary items | $13,682 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $13,682 |
| Minority interest net income | $0 |
| Net income | $13,682 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $12,228 |
Crossfirst Bank's gross interest income from loans was $203,446,000.
Crossfirst Bank's net interest income from loans was $160,354,000.
Crossfirst Bank's fee based income from loans was $2,803,000.
Crossfirst Bank's net income from loans was $13,682,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $43,092 |
| Provision for credit losses | $56,700 |
| Total noninterest expense | $97,679 |
| Salaries and employee benefits | $52,604 |
| Premises and equipment expense | $9,748 |
| Additional noninterest expense | $35,327 |
| Applicable income taxes | $2,898 |
| Net charge-offs | $38,301 |
| Cash dividends | $0 |
Crossfirst Bank's interest expense for loans was $43,092,000.
Crossfirst Bank's payroll and benefits expense were $52,604,000.
Crossfirst Bank's property, plant and equipment expenses $9,748,000.
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 | 1.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 1.0% |
| 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 | $4,737,477 |
| Deposits held in domestic offices | $4,737,477 |
| Deposits by Individuals, partnerships, and corporations | $4,259,898 |
| Deposits by U.S. Government | $2 |
| Deposits by States and political subdivisions in the U.S. | $233,657 |
| Deposits by Commercial banks and other depository institutions in U.S. | $243,920 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $1,540,614 |
| Demand deposits | $1,440,002 |
| Nontransaction accounts | $3,196,863 |
| Money market deposit accounts (MMDAs) | $2,154,675 |
| Other savings deposits (excluding MMDAs) | $0 |
| Total time deposits | $1,042,188 |
| Total time and savings deposits | $3,297,475 |
| Noninterest-bearing deposits | $762,490 |
| Interest-bearing deposits | $3,974,987 |
| Retail deposits | $4,048,377 |
| IRAs and Keogh plan accounts | $57,388 |
| Brokered deposits | $363,005 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $5,653,609 |
| Cash & Balances due from depository institutions | $404,870 |
| Interest-bearing balances | $372,974 |
| Total securities | $656,835 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $4,366,602 |
| Loan and leases loss allowance | $75,295 |
| Trading account assets | $24,094 |
| Bank premises and fixed assets | $69,655 |
| Other real estate owned | $2,348 |
| Goodwill and other intangibles | $208 |
| All other assets | $128,997 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $5,653,609 |
| Total Liabilities | $5,073,447 |
| Total deposits | $4,737,477 |
| Interest-bearing deposits | $3,974,987 |
| Deposits held in domestic offices | $4,737,477 |
| % insured (estimated) | $53 |
| Federal funds purchased and repurchase agreements | $2,306 |
| Trading liabilities | $24,454 |
| Other borrowed funds | $293,100 |
| Subordinated debt | $0 |
| All other liabilities | $16,110 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $4,366,602 |
| Loan and leases loss allowance | $75,295 |
| Total loans and leases (domestic) | $4,441,897 |
| All real estate loans | $2,443,414 |
| Real estate loans in domestic offices | $2,443,414 |
| Construction and development loans | $563,447 |
| Residential 1-4 family construction | $154,251 |
| Other construction, all land development and other land | $409,196 |
| Loans secured by nonfarm nonresidential properties | $1,172,728 |
| Nonfarm nonresidential secured by owner-occupied properties | $271,729 |
| Commercial real estate & other non-farm, non-residential | $900,999 |
| Multifamily residential real estate | $289,757 |
| 1-4 family residential loans | $410,737 |
| Farmland loans | $6,745 |
| Loans held in foreign offices | $0 |
| Farm loans | $296 |
| Commercial and industrial loans | $1,962,969 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $27,798 |
| Credit card loans | $0 |
| Related Plans | $28 |
| Consumer Auto Loans | $18 |
| Other loans to individuals | $27,752 |
| All other loans & leases | $20,622 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $20,622 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $73,479 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $46,706 |
| Non 1-4 family restructured loans & leases | $43,460 |
| Total loans and leases (foreign) | $0 |
CrossFirst Bank had $4,366,602,000 of loans outstanding in 2020. $2,443,414,000 of loans were in real estate loans. $563,447,000 of loans were in development loans. $289,757,000 of loans were in multifamily mortgage loans. $410,737,000 of loans were in 1-4 family mortgage loans. $296,000 of loans were in farm loans. $0 of loans were in credit card loans. $18,000 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 | 145 | $60,069 | $414,269 |
| Nonfarm, nonresidential loans - <$100k | 4 | $262 | $65,500 |
| Nonfarm, nonresidential loans - $100-250k | 26 | $3,961 | $152,346 |
| Nonfarm, nonresidential loans - $250k-1MM | 115 | $55,846 | $485,617 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,372 | $174,546 | $127,220 |
| Commercial & Industrial, US addressed loans - <$100k | 792 | $24,598 | $31,058 |
| Commercial & Industrial, US addressed loans - $100-250k | 284 | $35,172 | $123,845 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 296 | $114,776 | $387,757 |
| Farmland loans - <$1MM | 8 | $2,265 | $283,125 |
| Farmland loans - <$100k | 2 | $32 | $16,000 |
| Farmland loans - $100-250k | 2 | $427 | $213,500 |
| Farmland loans - $250k-1MM | 4 | $1,806 | $451,500 |
| Agriculture operations loans - <$1MM | 1 | $296 | $296,000 |
| Agriculture operations loans - $250k-1MM | 1 | $296 | $296,000 |